This law is screwing hosts. DO THIS NOW to save your Airbnb business...
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- เผยแพร่เมื่อ 27 ส.ค. 2024
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New York has also banned Airbnbs 😢 business.
Wow that sounds super unconstitutional. Shut down the independent operator but the big hotels and corporations can stay in business. I think the people need to tell their elected officials who gives them their power.
Exactly... quick to shut down the mom & pop airbnbs but of course keep allowing big corporations to keep buying up all the housing (the REAL issue)
The corporations give them their power via lobbying and contributions.
People are telling them that. That’s why this is happening. The folks in the neighborhoods are complaining.
Face it, people do not want this shit. You would not want to live around this. No one does.
I get the appeal, I own rentals and may be some air bnbs at some point. I’m actually staying for 2 weeks in August at one with my family. But regardless, I sure as hell wouldn’t want any in my neighborhood.
@@reggiejenkins6458 its true that some ppl are making it bad. for all
They basically banned all unhosted rentals in non resort zones in 2018 on Hawaii Island (the Big Island.) Now they are introducing heavy regulation on hosted rentals where the owners live on site. They are also going to ban anything under 180 days, so midterm will be out for us. I’ve been an airbnb host since 2010.
Thats unfortunate. Are long-term rentals a viable option? Based on the rental figures I've seen for Hawaii, that should still be a very lucrative market.
If there's one thing I love about the real estate investing community, it's their perseverance, creativity and ability to bypass obstacles and side-step challeges.
Theres always a solution.
Politicians always make it possible for property owners to bypass or at least partially bypass regulation. If these property owners fail it will cause them to sell and prices go down which means that the cities get less property taxes and the state has to raise everyone's income taxes to bail out the cities.
Neighborhoods that have STRs create so much resentment and anger from locals.
Here in the CA low desert, cities have banned them due to STRs turning quaint neighborhoods into theme parks.
It’s not the hotel industry, it’s active communities strongly lobbying for these bans.
At this point. You’re just a regular landlord
Fully furnished rentals have been a thing way before Airbnb. It mostly caters to people like traveling nurses and other professionals that require a second home somewhere for part of the year.
Build a relationship with other MTR operators in the area and share your leads if you’re booked. That’s what we do in the AirVenture mentorship group. Rob, we can do that in Host Camp! I tell my leads that I’m part of a network and can help them find housing and can I send them your contact information. They all say Yes and Thank you!
🙋🏽♂️heck ya Vira! 🎉
Brilliant!
How do you find other MTR hosts?
Next up ban: Mid-Term and Long-Term Rentals.
City gets money from hotels, not rentals. Eventually government won't allow any rentals, and only government can rent out buildings because they want the monies and control. If you don't fight these unconstitutional bans on STRs, then all your landlord right will be stripped soon.
Exactly. I think this is their game plan. If someone bought a home to use strictly as a STR in 2017with income based on quick turnover and almost full occupancy, IMO, there just isn't enough money to be made in MTR/LTR market.
Occupational Therapists focus on independence with self-cares like dressing toileting. But not far away! I’m an OT renting my house out so I can travel therapy. Thanks for your help!
Thx for what ya do! Thx for breaking down occupational therapy!
So the hedge funds whom own the hotel industry decided to shut the Airbnb industry down and the city complied. #DefundGreed
The same hedge funds whom own the business propaganda outlets publishing all the "horror stories" about Airbnb cleaning fees. They always neglect to mention the fact hotels don't do this because they pay poverty wages to most employees below the regional executive level, where as Airbnb hosts generally pay their people fairly.
Problem with LTR there’s little money in it comparatively
Exactly, that's why they invented STRs. Strapping them down to one guest for long term. I don't see this business model working out for this community.
I’m dealing with this currently in my town in Newmarket Ontario. So far the ward councillor is on my side. Hopefully it pans out in our favour.
After watching this entire video it totally makes sense to pivot and change how we look at things. That 23 yr old in wherever is inspiring filling a niche in his local area. Genius! You don’t have to be super educated to see an opportunity to succeed but, you do have to be smart enough to see the opening!
Thank you for this video. I appreciate the information shared
I’m going to take everything I learned from all your videos and turn my 1 Airbnb to multiple Airbnbs because of you. Shout out from San Antonio Tx! P.S It’s a good day when you get a fresh Robuilt episode, LET’S GOOO!💪🔥🤑
Lol, just wait till San Antonio will follow Dallas....
Lfg🎉
Really max ? Are you trolling or just weren’t listening?
This is awesome information. I used a simple strategy like this to fined properties in my area.
Time for that midterm guy to get scared and his competition for that same mid term rental customer just went up 1000x
Why scared?
At that point cheaper to stay in a hotel.
Mid term rental is gay
How do you collect the money for mid-term rentals? Are they still listed through Airbnb or are you creating a lease / collecting through personal methods?
HostCon 🎉👏 See you all there🙌🍾
Awwwyeaahhh
There's no delicate way to say this, but at 45:00 the word your guest is looking for is "scab."
The shortcut to this whole process is to scan the news for "nursing strike" or "general strike [insert city]." Whenever there's a strike, traveling/temporary workers are called in to fill in the gaps.
That’s it!!
That's what I'm doing. . . MTR for Traveling Professional. . . .12 weeks minimum works best.
@@bihsaidwhatnow2392 nice! And good tip. I don’t live near a hospital or anything so I probably don’t have the location for this, but good more you!
I'm casting my vote to learn more about these contracts you create with Hospitals, Schools, Tech Companies, etc. for mid-term rentals.
It happened in La Quinta, California. According to Zillow most long term rentals are terrible in Joshua Tree.
Honest question, I am a traveling construction worker and I know several travel nurses. Our per deim that is paid to us we pay for our housing out of pocket and 90 percent of us will stay at the cheapest place to save money aka the while reason we travel. So why would companies work with you when A. they are not supplying housing and B. No traveling professional will lose money to have a place supplied for them.
3:21 "This happened to me. I had short term rentals in Los Angeles, they banned them.." This statement is NOT True. Rob, as much as I like you and think your videos are great, but tell the truth. I have been an Airbnb host continuously IN LOS ANGELES since Feb 2010, well before city ordinances. We are now half way through 2023 and I have an annual permit (since they began issuing them) and gross about $50,000 on my only SHORT term rental in Mid-City (LA). I also have a condo where I do mid-term rentals. So both are LEGAL if you follow the laws in LA. Still love your videos.
seems like mid-term demand would be much lower than long and short term options. Just how scalable is mid-term? Everyone needs a place to live (i.e. Long-term). Most people go on vacation (i.e. short-term). But how many people in comparison are actually transient for 30+ days on a regular basis?
Since STR was a problem with me getting a homeowners/renter's policy, I've found MTR in the form of Traveling Professionals and Insurance companies needing housing while a policyholder's home is being repaired works best for me.
How did d you get in with insurance companies?
I order Starbucks and lunch for clients all day. Nice dinners too! Hell yeah it’s worth it.
Wish you had a conference held in Las Vegas.
I wonder if the hotel industry had anything to do with this... just asking questions.
Their lobby did
what software do you recommend for rental management that can control the door lock code, the thermostat, messaging to cleaners?
Occupational therapists don’t do physical therapy they do occupational therapy. Home Health companies employ both physical therapists and occupational therapists typically. Fyi
if local and state governments can't get housing supply to increase fast enough, these types of bans are increasingly likely.
They can ban whatever they want. People still won’t sell
@@notanotherone5564They will if they can't pay the bills without STR income. And many can't because they ran the numbers only as a STR. They really over paid. Ironically, that overpaying was likely a contributor to the crazy appreciation in real estate markets all over the country.
But did property values go down in Dallas after this new law? Also, what is the likelyhood of cities doing this more often in the near future?
I believe well see this come fall
Good point! I hope they don’t & it’ll show these guys waiting on the sidelines for blood in the water. Friken sharks don’t care who gets hurt from it either .
Hey Rob! Do you know anyone high up in Airbnb? Regarding mid term monthly rentals in vegas we can only advertise 31+ days but when someone searches for a month long stay on Airbnb it searches for 28 days so many many listings don’t show up unless someone puts in date’s manually. I’ve talked to other hosts and they brought this up to me and I found it was an issue so hosts are losing potential guests.
I have done mid term since 2020 and it has been fantastic for me. A guest house that’s only 380sqft gets me $1,925 a month and a new modern home I built is getting $15,000/m and I am expecting to get a STR license from unincorporated Clark county “vegas” for the new home. That will be exciting… 👍 thank you for the great content 😃
You are not reinventing anything new. Midterm rentals are better known as “corporate housing”, which are also “commercial businesses”. Short term rentals are like vacation rentals. The difference is that both corporate housing and vacation rentals are commercial and zoned in areas for those types of businesses. No one has ever had a problem with them as they do not disturb neighbors or violate zoning laws.
Your idea to go to midterm rentals will also be fought and in time will be banned.
You seriously need to get off the greed train. Exploiting residential areas with nuisance businesses and partyers on vacation is wrong and people hate the STR model, millions around the world.
Counter to what you said, STRs are not hard to run. You have huge platforms marketing and spending thousands $ to get ranked in searches at the top. these greedy companies bring the STR renters to your door and get a cut. Without these unethical platforms you would have 0 customers.
Rethink your midterm plan. It will fail in the future.
What you have done is remove housing from the market that would otherwise be bought or used for families and long term housing. You are the reason why housing has crashed and the Fed is finally raising rates to create the recessions we are in. You are the reason people are getting laid off and the economy is destroyed with inflation. People were forced to pay higher rents and home prices making everyone house poor. Stop your greed.
@@elipiper342 Thanks for the reply. Strs were not the only factor in the housing inflation. Institutional investors like Blackstone, plus foreign, home flippers and landlords raising rents by 40%+ or evicting people to create STRs were all contributors. I did address all these in Twitter to the Pres and CA Governor. I asked for regulations to stop investor monopolies and exploitation. More than 70% of housing was bought by all these groups in the last 2 years. If government does nothing then this will repeat when housing crashes. But I believe regulation is coming across the board…. I will keep pushing for it.
The future generations need to have a chance to build families and have homes.
When will California ban short term rentals?
I'm working on a 4 months ski lease and short term rent May to September.
🙌🏽
You need to add that chair to the gear list
Enjoyed the show Rob! What's ur take on southern Cali, u think there going to regulate here to? Thanks
Would be great to know the next steps after you find the company. What type of contract do you use with them for the rentals, collect payment, get reviews etc....
What are the numbers looking like in reduction in inventory? How do you think it's going to affect other hosts revenue?
I have operated four doors in Charlotte, NC as midterm rentals exclusively for 6 years since we pivoted from VRBO to AirBNB in 2017. My units are not fancy, they are actually pretty basic. We target travel nurses, people relocating (Charlotte is the #5 moving destination in the country outside of #3, Raleigh) Everything is provided and our nightly rate is $100ish (depending on the unit). I'd rather sell all the nights for $3000 a month than mess with multiple cleanings throughout the month. I don't know why anyone would do this any other way, especially in 2023 if you have basic accommodations. I don't have fancy 10 bedroom luxury homes like Mr RB, and that is ok! We have our own website and we get a lot of repeat business. I only have about 38 reviews because everyone stays 3, 6 or 9 months. I even had some people from China stay for a year and a half!
Seems like a great method, but highly location dependent. How scalable is midterm, in comparison to Long and short?
North Carolina is one of the best markets right now for Mid Term rentals, both on the healthcare side in the relocation side
@@brianmills4891 Not really sure. With the downturn in reservation requests and inquiries, I'm not sure I'm all that interested in adding inventory. Almost bought another property right when COVID hit but backed away.
@@brianmills4891 As long as you are within 30 miles of a hospital/clinic and near an Electric Car Station---you are good to go for Traveling Medical Professionals.
please who built your website for you
Wondering if there’s a midterm rental calculator? How would you determine how much you should price your home? Also, are there management companies for midterm rentals?
I’m new in the business but I’ve basically priced mine at double what a long term rental would be
@loveyournest-kitchendesign3001 it depends on the area. I'm in Chicago and Double is too high. I'm by the beach and I priced my mtr at 1/4 more plus utilities. My normal rate was $1,200 plus $2-300 in utilities. Then depending on the time of year add a few more hundred. Otherwise, the people don't have the budget to pay. But I'm going directly to people instead if insurance and Healthcare companies. I'm going to try them next to get the higher price points...😊
When you get into mid term rentals does the star fair housing laws come into effect and do we have to have fair housing trainings?
How many people out there are actually mid term renting though? Or needing a mid term rental vs a short term? Is this the result of the Hotel industry lobbying for this?
This is the only way I've done this for 6 years on AirBNB. But I'm in Charlotte, NC and people are moving here like mad. Or at least they were... I'd say it depends on your area. Where I might do well, someone in some outlying county 30-45 minutes away might not get booked.
@@imnitguy Are they previously Florida residents lol
Yes I 😢believe so
Travel nurses. People in between homes. Corporate transfers
Also- lots of snow bird locations. Canadiens and people from cold places want to rent somewhere warm for a few months (not just a week)
short term rentals are banned in Los Angeles? Since when?
Any contract templates for these type of rentals? What type of insurance you need to have since AirBnB (or any short-term rentals Third parties) are no longer involved?
So once you convert to mid term rentals how do you promote your listing to the general public? AirBNB brand is short term rental.. Unless you are traveling nurse, most people wouldn't know about furnished finding.
Not so. I've rented mid term for 6 years using AirBNB almost exclusively. Just put Extended Stay or 30 D-Min in the subject and adjust your settings to only allow 30 day stays.
I did Airbnb for 14 yrs...im done
Personally, I don't think this mid-term market idea will fly... how many people travel and stay in one place for a month? No one I know. The next option is being an outright landlord with 1 year leases, then it goes to month to month.... hosts won't like this idea as they can earn more with SFR. I think this is the end for AirBNB and Verbo. Their stock prices are way down. Wouldn't be surprised if this travel model falls apart due to regulations put on them.
Pivoting to MTR also.. how do you suggest we find other MTR hosts locally to connect/collaborate?
move out the US
Does that law apply only to single family homes? (Or condos, etc.)
Medium is amazing for Dallas. There are 1000s of people that travel for work 1,2 and 3 months at a time.
Time to focus on properly zoning property. 😊
I really enjoyed this video Rob. So informative and timely.
Panic is for amatuers; pivoting is what they should be doing.
Def scary at first but having exit strategies allows ya to navigate the ups and downs.
Jesse I’ll see you there!! 🙌👏🤩🎉
At first Dallas would shut down around 90% of STR, now they've backed off to 48% according to a Dallas Morning News Article "Only about 200 - or 10% - of the addresses registered with the city are in zones where the city already permits STRs, according to The News’ analysis. Another estimated 790 - or 41% - are in the city’s conservation or planned development districts. Short-term rentals in each of those districts will be examined by the city’s Development Services division, according to Catherine Cuellar, the city’s communications director, and registration will be granted on a case-by-case basis."
I called it, the city is said they'd carve out exemptions so the $$ will let some folks keep their STR in residential areas. It's how they do. Still medium term rentals is probably the safe bet unless you've got deep pockets.
Same thing with cease-and-desist letter is happening here in Huntsville, Alabama as well
It got banned because of these giant parties that flowing into the streets. I think a shooting. And then there was a sex ring that got busted. The neighbors said that is enough. Not the same house but around plano i think. A nice Affluent part of dallas.
why does this channel never mention resorts? they are basically a airbnb land hack with 4-20 cabins and camp sites and rv spots, not to mention all the tax benefits of the land classification
I'm wondering how many STRs are now going to flood the MTR or LTR market now in Dallas? Or go up for sale? And how will that scenario happening in other cities all around the country effect various real estate markets?
In addition, we know a lot of STR owners can not cash flow as LTR because they over paid. That could be a huge problem even with only a drop in STR income apart from any regulatory impacts making it illegal.
Exactly right.
You know what would be useful, is a list of current STR bans for cities and pending bans...
Right - the Dallas ban is just in single family zoned areas not 100% gone
IF YOU LIVE IN ATLANTA... DO NOT DO ANYTHING OVER 30 DAYS
@dymoultrie1401 - why is that?
Stinkadena🤢
why do so many people, who aren't funny, try to be funny?
🔥🔥🔥
What was the gov site ? I know you mentioned it was gonna be in the show notes but I don’t see it
How do you find a mid term rental community of operators in your market?
That canceling happens in Democrats areas
Stop voting for the Democrat crazies!
Just don't panic just keep short term renting....deny your doing it.....why do u guys fear whoever is saying u can't do it....
Sorry not sorry. Airbnbs should crash. It’s not sustainable and not fair to see housing scarcity of this level just because investors take over family neighborhoods.
What if you're just wanting to start out renting a room/bathroom within your own house? Have you seen this work in the terms you are talking about of approaching firms?
Everyone wants to buy, just not easy.
Your advice is only good for you to get some views and collect that youtube money.
Does airbnb deserved to be saved? I would argue if you dont live there, and you took housing out the market, right now it doesnt. Also, terrible customer service means it also doesnt deserve to be saved.
My guy !
don’t listen to him, you’re screwed if you’re in a city that bans STR’s ✌️
not true at all.
NYC
Do you think all the Airbnb’s can be converted to MTR? Come on, do some analysis
Mid term rentals are gay
Insurance Adjusters!!!! Rent to us!
STOP TELLING PPL THIS STUFF! This is why we are all over saturated! Now you wanna get these ppl into mid term space! Omg why do you ppl selling crap wanna ruin what others have going on? Just stay on STR’s where you you tubers ruined that sector.
Scarcity mindset Karen.
Not sure why you wouldn’t want people to understand this model, there’s more than enough for MAnY and all to do the same. That’s a narrow thought process,
This buisness is a major player in the housing crisis. Between this, corporations buying up homes, and intentionally keeping apt buildings vacant, rental prices are inflated and only the wealthy can afford a place to live. 50% of the honeless in Portland, OR have at least one job, they just cant afford a place to live.
I'm so glad this is happening and I hope all states follow. Those who want help making extra incoms or paying their mortgage by shot terming a room, shed basement, attick, ADU, should and will still be able to do that. The rest of yall are greedy MFs. The trend seems to be to prevent you from buying up all the available housing for short-term but still allowing short term rentals for those who occupy their property. I think the change is very reasonable and fair and a really good step in the right direction for the housing crisis.
Anyone want to sell me a home in Houston via owner financing!?
This is a depressing video.
Optimism!
@@JesseVasquezAirVenture I'm optimistic, but this video is just another indicator of a serious problem. Has no one thought about the opportunity for real estate investors to simply blow up Airbnb markets? It will be interesting to watch how content creators adapt, as well.
@@meehanasap adapting is so important! What’s worked in the past won’t necessarily work in the future, This chat breaks down how to be creative and most importantly skate to where the puck is going.
Ps I do believe short term rentals will continue to thrive especially in regulated markets.
Always have an exit!
@@JesseVasquezAirVenture I agree in general. Honestly, what percentage of folks that follow your content can just pivot? I do think there is a responsibility of content creators to recognize that most people following their suggestions do not have additional cash flow coming in and supporting their endeavors. We are about to see the floor blow out and the loses will be heartbreaking.
I’m sorry but airbnbs have made it incredibly hard to find affordable living. I’m a-ok with non residential properties being airbnbs but I am all in favor of short-term rentals going away in residential areas.
Hotels are unreasonable high priced, they need real competition with real individuals.
@2frungjung I am sorry but blaming STR for the USReal Estate crisis shows how extremely misinformed you are. Even if all US STR wouid be banned that’s not going to bring the interest rate down. That’s a fact!
STR have absolutely nothing to do with the high interest rates and the mess we are in .
It is the Occupational Outlook Handbook that provides job forecasts per region. It is federal government publication. (Bureau of Labor Statistics) www.bls.gov/ooh/
This is it! 🎉 Ty for posting