All Forum Posts by: Yitzchok Carmen

 Honestly I think this is a bit overrated. I have hosted thousands of guests since 2019 and never needed to charge a guest for anything that i thought was unreasonable wear and tear except one time when a guest broke a pool table. I filed through Airbnb insurance and got approved for approx $800. Not the full value but I felt it was fair. On Vrbo we have never charged a deposit as we felt that would scare off guests from booking. Never had any issues. Recently we did start with the min security insurance Vrbo offers bit have never once made a claim.

Almost always when I have asked a guest to pay for things like late check out through the airbnb resolution center I have gotten paid. 

Now noise ordinances etc that may be a dif story, I can see where this would hurt potentially. Although I dont see why you cant just leave the warning about the fines, a guest wont know if theres real teeth in that or not, no? 

 The issue is that its not about the review per se. Its about the algorithm unfairly hurting you as a result of that review. Although I suppose that has nothing to do with the OPs point

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain. To add to your argument I suppose the tax implications are better with RE too bc theres a capital gains tax ceiling of 20% vs standard tax rates for IRA withdrawals that are potentially much higher. At the same time depreciation recapture is taxed at regular tax rates, not capital gain rate. So a lot of it probably depends on your bracket when you end up selling the RE or cashing out the IRA. I have actually cashed out a lot of my IRA now bc I have so much depreciation from RE that my tax bracket is very low and the taxes to pay on the IRA withdrawal are also pretty much non existent (taking aside the penalty). In short its complicated:) each situation is different

 Yes but the S&P has triples since 2013 too. Had you left your 430k that would be worth about 1.3 million today probably. Instead you traded that for 800k valued RE and 696k rents. If there is no debt service probably 30% is still going of the rent is still going to operating expenses which means that you only made about 480k or so. 480k rents + 800k property is the same 1.3million roughly. Same thing as SPY but dealing with so much more headache. No?

Quote from @Collin Hays:

Merchants rarely win chargeback disputes. I’ll fight them 100 percent, but the deck is way stacked against you. I chalk it up as the cost of doing business.

What changed:)

To be fair, the time stamp on this webcam is only 1 hour before closing. Probably wouldn't be at capacity no matter what

The new trend they started a couple years back of arbitrarily needing to raise the annual subscription fee $100 each year to "provide the best service" would fit into this also

 Just bc he rented it doesn't mean it was a good investment for the owner! He rented it bc it was a nice place that fit his budget.... That doesnt mean the rents he paid covered the operating expenses when the owner overpaid for the property...

 I dont know what will be in 5 years from now. But I can say that I own 6 STRs in the smokies. If you're freaking out about the summer not being booked in  April and lowering your rates, I dont think this game is for you. If your summer dates are booked now you are too cheap.

And if you nickel and dime your guest on every infraction you definitely wont be in this game too long. That is not the way a serious STR investor plays

So that's what you're after:) You never reached out to me!