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☆ Floridians can blame vacation homes and 'oppressive' homeowners associations for their high rents, economist says
▼ + stars: | 2023-01-13 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Too many vacation rentals and strict homeowners associations are pushing up housing costs, a study said. According to Johnson, there are too many vacation rentals in the Sunshine State. It's this particular combination of strict HOA rules and the sheer number of vacation rentals is a mixture that is affecting housing affordability negatively, he said. According to Johnson's study, Florida is now home to 9 of the 21 most overpriced rental markets in the US. The number of vacation rentals in the state is only making it harder for people to find affordable places to rent, the study suggests.

☆ A 24-year-old whose bold Airbnb brings in $9,500 a month shares ways to make listings stand out and get more bookings
▼ + stars: | 2023-01-11 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Bridgette Whitney, 24, attributes the success of her Nashville Airbnb to eccentric design choices. Hosts from North Carolina to Arizona tap her to help their listings stand out from the competition. She shares her best design tips, from painting your own mural to outfitting an eye-catching bedroom. The pressure is on for Airbnb hosts headed into 2023. Whitney stressed that hosts don't need to break the bank, but just pick just one room or area to focus on.

☆ I'm an Airbnb multimillionaire. Here's why I'm optimistic about the platform in 2023, and my best advice for renters to weather the economy.
▼ + stars: | 2022-12-30 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Chris Choi, a self-made Airbnb multimillionaire and real-estate investor from California. And class C listings are usually one- to two-bedroom apartments, with nightly rates ranging from $100 to $250. Meanwhile, I've noticed that bookings for my class C and B properties have decreased in recent months. If not, they should focus on targeting business travelers with class B or C properties, which I'll get into a bit later. Instead of choosing your next Airbnb near Disneyland or national parks, I would focus on locations that will accommodate business travel — in other words, metropolitan areas.

☆ Up to 25% of NYC's Airbnb listings could disappear under a new law set to go into effect — here's what to know if you're a host or traveler
▼ + stars: | 2022-12-29 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

A NYC law set to go into effect in January requires Airbnb hosts prove they reside at the property. An estimated 10,000 — or 25% — of the city's Airbnb rental units could be shut down as a result. There are about 40,000 Airbnb listings in New York City, according to the unofficial database Inside Airbnb. Some real-estate investors turned their eye toward short-term rental properties during the pandemic, with short-term rental listings spiking by 19% from September 2019 to this September, according to AirDNA. Like the looming New York City rules, Atlanta requires short-term rental landlords to register with the city.

☆ See the pitch deck a startup used to raise $4 million to buy, sell, and manage short-term-rental properties
▼ + stars: | 2022-12-27 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Investors love short-term rentals, but they face pitfalls with property management and regulation. Rove, a marketplace and property-management startup, helps investors underwrite short-term rentals. Jonah Hanig, the CEO of Rove, walked Insider through the pitch deck Rove used to raise $4 million. "In Park City, Utah, there are roughly 500 properties for sale, but only approximately 100 are in areas where you can use them as short-term rentals," Hanig told Insider. The ultimate goal is to create "Zillow" for short-term rentals with the added feature of underwritng and valuing properties based on their potential incomes.

☆ Airbnb and Vrbo owners should brace for 2023. There's more competition than ever and hosts will have to work harder to stay booked.
▼ + stars: | 2022-12-12 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Short-term rental owners will see a drop in occupancy rates in 2023, one forecast shows. While travel is still expected to remain high, travelers will have more listings than ever to choose from. "Even if we go into a mild recession, we don't expect demand for travel to decline next year," he told Insider. The hosts that will do best will most likely be those that offer discounted rates, Lane says. Those who don't actively manage their prices will "most likely" see a drop in their revenue, Lane said.

☆ I'm a 20-year-old Airbnb host who made $375,000 in revenue this year. Here's how I set up and scaled my properties.
▼ + stars: | 2022-12-08 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Inayah McMillan is a 20-year-old Airbnb host with 11 listings in St. Louis, Missouri. This as-told-to essay is based on a conversation with Inayah McMillan, a 20-year-old Airbnb host with listings in St. Louis, Missouri. We've made more than $375,000 this year in revenue, and our best month yet was this past May, when we made $58,120 in revenue. If I could go back, I would have registered my Airbnb business as an LLC from the very start. Automation softwares are key to scaling"Beaming Carriage Home" in Central West End, St. Louis mAnother thing that sets me apart is having a private booking website.

☆ Regular homebuyers feel they struggle to compete with investors who turn properties into Airbnbs and Vrbos. Government officials are trying to change that.
▼ + stars: | 2022-12-07 | by ( Robert Davis | ) www.businessinsider.com time to read: +6 min

Atlanta lawmakers want short-term rentals to be licensed and to fine owners who violate city laws. In some cities, government officials are trying to regulate the number of short-term rentals that investors can purchase. The debate over short-term rentals in Atlanta is emblematic of similar debates in other cities. For instance, voters in Colorado towns like Dillon, Aspen, and Steamboat Springs this year approved measures to tax short-term rentals to help regular homebuyers afford homes. There are more than 1,300 short-term rentals in Joshua Tree, according to AirDNA, compared with a population of 7,700.

On the agenda today:But first: Jordan Parker Erb, the author of Insider's 10 Things in Tech newsletter, is taking us behind the scenes of Elon Musk's feud with Apple. Tim Cook and Elon Musk Justin Sullivan/Getty Images and Philip Pacheco/AFP via Getty ImagesThis week, Elon Musk, the world's richest man and new Twitter owner, declared "war" with the world's biggest tech company: Apple. At the heart of the issue was Apple's 30% App Store fee, our associate editor Jordan Parker Erb writes. Here's what went down:Sign up for 10 Things in Tech to get stories like these right in your inbox. Edited by Jordan Parker Erb, Hallam Bullock, and Lisa Ryan.

☆ A 48-year old Airbnb host breaks down how she used Facebook and Instagram to bring in $25,000 through direct bookings
▼ + stars: | 2022-11-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Amie Sommer, an Alaska resident, rents out a $1 million Arizona home that sleeps 10. When she launched her listing, she used Facebook to get direct bookings from family and friends. Half of those bookings she told Insider were from promoting her direct booking link on the social-media sites Facebook and Instagram. Lodgify provides Sommer with a central calendar that syncs bookings between her website, Airbnb, and Vrbo. When it came time to book her first guests, Sommer was looking for "guinea pigs."

☆ How anyone can get a cut of the $1.2T vacation rental market with reAlpha
▼ + stars: | 2022-11-10 | by ( Sponsor Post | Created Realpha With Insider Studios | ) www.businessinsider.com time to read: +9 min

And anyone can invest as they disrupt the $1.2 trillion short-term rental market. Now reAlpha is doing it for the $1.2 trillion short-term rental industry — and the timing couldn't be better. Why reAlpha targets the vacation rental marketreAlpha is targeting the vacation rental market because it's outperforming the rest of the real estate sector, and isn't slowing down. reAlpha makes short-term rental investing easyWhile many aspiring property investors are looking to get in on the $1.2 trillion short-term rental market, they're faced with roadblock after roadblock. Not only is reAlpha targeting the fast-growing vacation rental market, but they're using AI to take the opportunity to the next level.

☆ I've made $740,000 on Airbnb this year. Here's my best advice for beginner hosts to maximize success and avoid common mistakes.
▼ + stars: | 2022-11-10 | by ( Narina Exelby | ) www.businessinsider.com time to read: +8 min

They bought their first short-term-rental property in 2019 and scaled while working full time. My wife, Jill, and I bought our first short-term-rental property in November 2019 after moving to Nashville. These are my best pieces of advice for beginners to avoid common pitfalls when investing in short-term-rental properties. Always plan for the worst-case scenarioI always use conservative numbers when I evaluate potential properties in my Google Sheet template. I rerun the numbers to see what the break-even point is and what the best potential profit could be.

☆ Airbnb hosts are worrying about an 'Airbnbust.' Here's the main reason some short-term-rental owners are experiencing a rough patch.
▼ + stars: | 2022-11-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

After factoring in expenses, she told her 1.75 million subscribers that she lost nearly $10,000 from June through September. Airbnb hosts in certain areas are experiencing booking slowdowns that some people are calling an "Airbnbust." Nixon told Insider that her tweet came after she'd noticed changing attitudes in posts in a 196,000-person Airbnb Superhosts Facebook group. Courtesy of Amy Nixon"I would say it's happened over the last several months," she told Insider. Nixon told Insider the slowdowns hosts have been seeing in recent years come from one main source: too much supply.

☆ Mexico City govt joins Airbnb to lure 'digital nomads', despite rising rent fears
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

[1/3] Figurines are seen in front of the Airbnb logo in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoMEXICO CITY, Oct 26 (Reuters) - Mexico City's mayor said on Wednesday she wants to boost the number of 'digital nomads' in the capital after signing an agreement with short-term rental platform Airbnb, despite fears the influx is pricing residents out of the rental market. Average daily rates for short-term rentals across Mexico City jumped 27% to $93 in August 2022 compared with the same month in 2019, data from market research company AirDNA shows. Airbnb is also opening its platforms for Mexican residents to create tourism experiences around their daily activities, according to Sheinbaum. The partnership between Mexico City's government and Airbnb is also backed by UNESCO, United Nations' cultural agency.

COVID-19 sparked a boom in short-term rentals, and AirDNA found listings hit a record high in 2022. 18 cities across North America are looking to rein in Airbnbs and short-term rentals. From the beaches of California to the mountains of Vermont, communities are grappling with what the future of short-term rentals looks like. Some cities have simply called timeout: Chattanooga, Tennessee, paused new applications for non-owner-occupied units as it considered short-term rentals' future there. Here are 18 cities in the US and Canada where residents and local politicians are fighting back against short-term rentals.

☆ Invest in homes in Argentina, England, and more for as little as $100 via these fractional-ownership startups
▼ + stars: | 2022-09-24 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Two startups that allow Americans to buy shares of overseas properties break down the process. Now Americans are showing more interest in Europe and other — relatively — cheaper spots abroad to buy pieds-à-terre and investment properties. Take Housie and Flyway, new startups that embrace a growing trend in real-estate investing: fractional ownership. HousieRight now, for a minimum of $100, users can buy shares of properties and receive dividends quarterly depending on how well the property does on the short-term market. Still in the preliminary stages, Flyway has sold some shares but the homes have yet to be rented out.

☆ Boon or threat? Mexico City wrestles with influx of remote U.S. workers
▼ + stars: | 2022-09-14 | by ( ) www.nbcnews.com time to read: +4 min

MEXICO CITY — In a trendy part of Mexico City, in a park surrounded by hipster coffeeshops and restaurants, stands a figure dressed in white with hands in prayer like a Catholic statuette: the so-called patron saint against gentrification. Nearly two million foreigners touched down at the Mexico City International Airport in the first half of 2022, inching toward the record 2.5 million arrivals in the first half of 2019. The gap between American and Mexican salaries means even affluent Mexico City residents can get priced out, in a city that is already home to wide wealth disparities. According to Mexico’s statistics agency, the top 10% of Mexico City households earned more than 13 times as much as the bottom 10% of households in 2020. Coronado, an architect and interior designer who lives between Los Angeles and Mexico City, said he understands locals are resentful.

COVID-19 sparked a boom in short-term rentals, and AirDNA found listings hit a record high in 2022. Some locals and officials in hot cities say they deplete housing stock or cause noise disturbances. 18 cities across North America are looking to rein in Airbnbs and short-term rentals. From the beaches of California to the mountains of Vermont, communities are grappling with what the future of short-term rentals looks like. Here are 18 cities in the US and Canada where residents and local politicians are fighting back against short-term rentals.

☆ This married couple make $118,000 in revenue a month as Airbnb hosts. Here are the tools they use to manage their 6 properties and how they got started.
▼ + stars: | 2022-08-25 | by ( Narina Exelby | ) www.businessinsider.com time to read: +6 min

Six years on, our Airbnb properties brought in $118,000 in bookings last month. In March 2020, after only three months on Airbnb, we were set to cash-flow over $7,000 after expenses. In September 2020, we bought our third property: a four-bedroom cabin in Gatlinburg, Tennessee, near the Smoky Mountains. With income from the Nashville properties, we invested $35,000 in a cosmetic rehab of the Gatlinburg cabin — new floors, light fixtures, toilets, mirrors, stairs, paint, and landscaping. When we opened in November 2020, the place booked up almost immediately; revenue in that first month was $14,158.85.

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