The harsh truth about the collapse of short-term rentals
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2024
- Get $600 off your tickets to Host Con - The #1 STR conference in the world 👇🏽👇🏽
bit.ly/ythostcon
STEP 1: Watch my case study on creative hosting 👇🏽
www.robuilt.co...
STEP 2: Download my free guides 📚
Airbnb Analysis Calculator 📈 - bit.ly/48PQgQL
My $10,000/month blueprint 💸 - bit.ly/47yiLR9
The Ultimate Airbnb Shopping List 🛒 - bit.ly/468Qcto
Top 5 Airbnb Business Models 🏘 - bit.ly/3teK2tl
My Airbnb Listing Tips ✍️ - bit.ly/48A06G5
STEP 3: Sign up to host on Airbnb and get my listing feedback
www.airbnb.com...
STEP 4: Join my free Airbnbesties Facebook group 👯♀️
tinyurl.com/air...
*All content on the Robuilt TH-cam channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
![[TH] 2024 PMSL SEA W2D5 | Fall | พลาดวันนี้ จะต้องเสียใจ](http://i.ytimg.com/vi/A5-Cuo12p6A/mqdefault.jpg)
We’re in a recession! It’s not that str is dying and there’s too many old and outdated homes on Airbnb overcharging for no reason! You need to build an experience home for Airbnb. That’s what people pay for!
You are spot on!
Simple and clean with a reasonable cleaning fee would be nice. Not everyone needs a classy place for every trip away from home.
Please stop with the clickbait “firey” thumbnails. I stopped watching graham Stephen because of that.
Didn't hear it until I read your comment NOW it's driving me nuts!!!😂😂😂😂
That's exactly why I stopped watching Graham also. Got so old.
Same! Don't do it Rob!! We have faith in you, stop the clickbaittttttt!!!
agree. Graham can put out great stuff but during the pandemic it was unbearable, especially as he was riding the crypto/meme train
For real.
I have been doing short term rentals , in April 2012 ,,,, we are doing great. You need to do it right and not be so greedy ...
I have been a host for 6 years with 4 doors and I've rented 16,629 nights. I have converted two of mine back into long term rentals. I would SERIOUSLY caution anyone getting into this game that doesn't intend to place a pool table, a jacuzzi, an arcade full of pinball machines and video games, a home theater, a salt water pool, a gokart track in the back yard, a mini-golf course, pickleball, and a bowling alley. Forget having a plain space at a low cost. That ship has sailed!
Tttttttk oo
thank god i dont want that type of punter
Basically, a 4-star hotel
Depends on the market you’re in. I’m doing ok in two places and don’t have any of that in my properties. Do your research! Really glad to hear people are converting some units back to LTR. Lots of LTRs needed right now!
and replace those items due to theft and damage
As someone looking in from Europe i could never believe the numbers you guys could pull in. Both in $$ but especially in occupancy.
Do we need the clicking sound?
That click sound was super annoying!
The mouse clicking audio in this video was so distracting. Kind of overpowered the great information especially for those of us who just listen to the audio rather than watching.
Yeah that made NO sense
interesting how rob said STR is the only way to cash flow in real estate, but then later says he's break even on his STR.
long term rental + annual/bi-annual maintenance = break even
short term rental + daily/weekly/outsourced maintenance = break even
clearly, there's no free lunch.
appreciation, tax reductions, and equity/mortgage pay down are great benefits, but that applies to both LTR & STR
Rob thanks for having Avery on. I was thinking it might make a really good series to have hosts on that are having a hard time and see if it is possible to correct the issues causing the lower booking rates? I completely understand I have no idea the amount of effort that would take. Personally I do not watch videos when people are taking about the downfall of STR because it always feel one sided. Thanks!
Great idea. And then I can coach them on how to improve their listing. Love it!
@@Robuilt I'm glad you think so.
@Robuilt hi. Since short term rental is dying. Could you please talk about the glamping business you started? I will like to see more of that on your channel of course if everyone subscribed to your channel os on board. I feel the glamping business nobody talks a lot about and it is different. The glamping business seems more adventurous and fun not your typical airbnb business model 😊.
Great idea!!! And then do update videos!!
Economy in BC Canada has been slow. I’ve also found the area I am in has tons of air B and bs to compete with so I undercut the area and give 25% off for full month. I get students , contractors and travelling nurses so I get more longer stays than just weekenders.
You know she forgot to mention that when she bought those properties for her to do Airbnb the rates and prices were a lot lower than today!
Exactly. It’s easy to have hundreds of doors if you bought at 2021 prices or 2016 prices. What about 2024? How many properties is she buying next year?
I’m building our own Beach Hotel in the Philippines. AirBNB will continue to do well, just make sure to bring value to the guest.
truth is short term rentals needs to be abolished world wide especially in western countries where people are struggling to find somewhere to live
Screw air BNB, they're ruining our neighborhood, there are 13 of these s#it holes on our square block alone. These so called guests and hosts have no respect at all for the home owners.
Turn your home into an airbnb and make a fortune.
And piss off your neighbors for devaluing their properties.
@@wwarn1739 You said there are already 13 so 1 more won't make a difference. Go get that money.
I love how a lot of us are trying to get to the point of acquiring our first short term rental investment property all while you have these bigger investors talking about the many properties they already have and the many more they’re looking to acquire. I can’t stop anyone from building their empire nor can I tell anyone to slow down, it’s just not right to think like that. I just have a hard time thinking about getting into the market when there’s so many big players that are snagging up all the properties already. How is the market going to look ten years from now when small time investors want to start building their own empire?
“What the wise man does in the beginning. The fool does in the end!” - Warren Buffett.
Short time rental needs a serious reform
Shenandoah is ripe to be an emerging market. We shop STRs on a regular basis for clients in our photography business and that area has such a poor selection of well thought out properties as compared to WNC, North Georgia and especially the Smokies.
It’s catching on slowly, but I’m so tired of old decor homes that still have the ancient VRBO look. Shenandoah needs more selection because our people are looking for it! Especially big homes that sleep 15+
Agree 100%. We go once a year and usually stay at Skyland or Big Meadows in the park because there are limited STR alternatives.
There are so many great hikes, vineyards and breweries near Skyline drive, you could do really well with "girls weekends", "guys getaways" and friends and family trips.
Shenandoah national park in Virginia??
Agreed! You just need to care. I started, very close to the smokies and blue ridge, and we are making a little money! The goal was to break even just so we have a place to vacation to and it’s happening! Our neighbors 10 ft away, are not doing as well. They’re the same basic black bear decor. We went with our hearts- boho awesome ❤
Loved this video and took so much out of it! I will say the clicking sound when you would put the words on the screen did indeed drive me crazy.
As a Eurooean living for years in US the market here is way more liquid and dynamic but as she said it has become too competitive as anyone with a keyboard has access to Information you need to create your own deals the old days printer preinternet you could see an amazing property down the street seating on the market for eight months or lomger.
Theyre banning short term rentals in Dallas Tx 😢
The clicking sound in the video is really annoying. Especially when listening to this while driving.
Pro hosts stand out because they have the money to do so
A lot of the big shots in STR made their name only in the last 3-5 years largely meaning they caught the gold rush.
For an average middle class investor right now getting in the game we are not talking the same language as 3-5 years ago. At all
This info is money, definitely following Avery.
Thanks so much 🙏
elderly, mid thirties... what did I miss?
The secret they're not telling you on here, is that when we have these high interest rate environments you can do airbnb by leasing the properties, that's the better way of doing it rather than attempting to get a mortgage and over leveraging your self.
10:02 yes!!!! People forsure have a number in their head and they end up losing thinking they are suppose to make x amount of money.
Excellent info. I get the click bait title but after that its really good stuff.
Honestly, Short-Term Rentals are screwed unless you're a vet of 6 + years. That's the truth no one wants to hear. Over saturated, volatile, and at the mercy of laws & regulations. NOT a good investment.
How many short term rentals do you currently own/operate? Just curious?
Literally none, because long term rentals are king. Tried & True. Sure, slow gains, but consistent cashflow, and not a volatile investment at the mercy of pop trends & fads.
I'm not sure if your question was more of a "what qualifies you to speak on this" type of question? but you don't have to invest in anything to understand how market trends or basic economics work @@billbraski9012
Idk I’m killing it and we just got our property but we also got a multifamily home so we have multiple STRs in one mortgage payment
Exactly. People think now is a good time to buy with high prices and high int rates. Crazy.
There will always be anomalies - good for you. That doesn't change the core truth of what I'm saying; it's a risky investment that is susceptible more than is within the investor's control as far as bookings and generating revenue are concerned. Might be good now, but if a law gets passed that prohibits or greatly limits your ability to do short term rentals, you're screwed. We've already started to see this happen in certain regions.@@GetIntoTheBLACK
please stop the fearmongering click baity titles. why cant we make just decent content? Why every title has to be so controversial (only for clicks) that everybody knows the answer already. if you had a title like 'interview with xxxyyy about the future of str'. I would have listened the whole thing. instead i listened to the first and last 3 mins. idk Rob, you can do better. not to mention I have an str related question for you
This was really good Rob! Thanks!!
Everyone on our once quiet street is fed-up with this crap every weekend. The owners and airbnb don't give a crap about the noise and having strangers in your street every time someone wants to have a party. the house next door to us has had a party every F***ing weekend and I've reported this to airbnb and the city but nothing has been done. How do they not know it was rented for a party when it's rented for one or two days. How would the owners like this next door to them? FU OWNERS!!
I’m trying to listen to this on my AirPods and gas to exit because of the clicking noises 😖
The mouse clicking sound is very distracting, I couldn't finish the video with it happening.
I love it. I got and Airbnb ad before this video. I am doing OK renting 1 room out so far.
Serious question about the subject-to part. She said she thought it was dumb for someone to pay 200k over asking with 0% interest on a seller finance deal (normally houses in area were 650k and the person paid 850k). But wouldn't 7% interest be = to about 1.5m extra over 650k for 30 years? so in total you would pay over 2m (assuming you don't refinance). Am I doing the math wrong? Seems like a steal to me.
I’m trying to listen to this on my AirPods and had to stop because of the clicking noises 😖
Hey, Rob. I love your content. I've learned a lot from you and I appreciate your time you put into it!
I'm curious, what do you do AFTER the first year mega tax deduction after utilizing bonus depreciation? That property should cash flow like a mofo the next year. Are you just paying a higher tax bill, or are you sorta forced to buy another property - with idealy a loss? (with high appreciation potential, for example?)
We purchased an 8-unit apartment that we converted into a boutique hotel and are doing a cost seg. but I'm curious about year moving forward.
Thanks so much!
Am new over here supporting from sweet Jamaica 🇯🇲 great content
Airbnb is way too over saturated... honestly the beaches are the only place that will never die off because they were successful before airbnb, and they will continue to be successful because who doesn't want to stay at the beach..
South Florida STRs are dead during the summer.
A man definitely made this thumbnail because a woman wouldn’t have done me dirty like that 😂. Thanks for having me on the Channel Rob 🙏
Thanks for giving us all some insight into your success.
I’m sorry this is basic common sense info. I’ve been I. STR since 2016 we’ve have been saying not to buy since 2020 when everyone got on the STR bandwagon which ruined the industry. Buying high where the numbers don’t even make sense then you have these TH-camrs telling them to buy anyway. 🤦🏽♂️
Exactly! The thing that make vacation rental homes so profitable are the low mortgage rates. People are thinking too much like business owners and forgetting what made the business profitable to begin with
What amenities would be great add ons at Smokies if you already have hot tub, arcades, pool table?
A Closet w board games.
Lower your price.
@@networth00 I am pretty booked in fact I think I need to raise my prices. I was asking about what added amenities would get more revenue. Thanks 👍
@@jorge_cajamarca_rei If you're already booked no need to add amenities.
@jorge_cajamarca_rei also leave unexpected sparkling waters or special drinks or snacks from Trader Joe's or.Home Goods. They guests are always excited to leave a review w a small touch. Think...what small touches would a 5 star hotel add
According to TH-cam, Airbnb crashed 2 years ago. You’re behind the ball on this clickbait trend. Meanwhile, I just added my 22nd listing on Airbnb since they’re still making money.
Damn, Rob did Avery cold with this thumbnail
Grear episode otherwise. Finally finished watching this after seeing Luke's epidose.
Interesting discussion.
Thanks!
Theres a difference between the blue ridge and shenandoah? Does she realize that shenandoah is in the blue ridge?
I have a townhouse condo in North Padre Island. I already have a plunge pool in the backyard and it is small yard. I do have room on the side of the house for a 5-6 tall axe throw from Costco. Would that be a good choice to improve the amenities. No they are not real ones just plastic ones. Thanks for the videos.
Your VA needs to chill out with the mouse clicking sound in the video, my wife made me turn it off cuz she couldn’t handle the sound 😂
I’m in Orlando! Rob! Where is this? Thanks for the content :)
pretty good interview! 🎉
Good bye to bad rubbish!
Disruptive of communities!
Self serving propaganda!
Having living next door to an active unlicensed hotel, in the midst of an otherwise residential neighborhood, horrible experience!
Stocks still way better
EVERY market is over-saturated.
Everyone wants to do the same damn thing. Though times!
So short term rentals aren't "dead" hosts just aren't putting in enough work? These click bait titles are no good man.
Rob don’t do the click bait bro
This only applies to the US
Cheap affordable one year lease rentals the only way to go forward.
It's pretty saturated right now.
“Foremost expert on vacation rental markets”?🤣🤣 What is that supposed to mean lol? I swear these people come up with some bs experts.
So much fud in the market this actually might be the best time to get in 😂 all I know is we have been killin it. We are currently about to refinance and save almost $2k per month so just more profits ❤
Refinance to what interest rate? It's a horrible time to get into the STR market; high prices and high interest rates.
Hang on I can't relate to this at all
I like her book a lot. I used it to level up my properties. I hope she writes more books.