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Show HN: Short-term rental estimate for sites like Airbnb

eliotandme.com

21–30 of 103 posts

Re: Show HN: Short-term rental estimate for sites like Airbnb

#21
post #16

Apparently Trump could get $1,150 per week letting out the White House.

"White House, Pennsylvania Avenue Northwest, Washington, DC, United States 2 bedrooms 1 bathroom 4 people"

Huh, I've always thought the WH was bigger than that.

Re: Show HN: Short-term rental estimate for sites like Airbnb

#22
post #17

question for people who use airbnb: If you've had a good experience with a host and you're going back to the area would you bother booking through Airbnb or just contact the host directly?

If I'm going to stay more than a week or two, or more than once or twice, I cut out AirBnB and contract/pay directly with the host.

Re: Show HN: Short-term rental estimate for sites like Airbnb

#27

Curious to see how it relates to the mortgage of some houses.

I did a quick check in the Sunnyvale area, a $2M mortgage on a 4 bedroom, 2.5 bath house that can sleep 6 at $2700 a week is about the same as a mortgage. (note you'd insurance, pay taxes on the house, and have more expensive maintenance) So bottom line you'd lose money on the deal.

The taxes would be more than the mortgage.

Re: Show HN: Short-term rental estimate for sites like Airbnb

#28

Curious to see how it relates to the mortgage of some houses.

I did a quick check in the Sunnyvale area, a $2M mortgage on a 4 bedroom, 2.5 bath house that can sleep 6 at $2700 a week is about the same as a mortgage. (note you'd insurance, pay taxes on the house, and have more expensive maintenance) So bottom line you'd lose money on the deal.

I have the understanding that no one expects residential real estate rental to be cash-flow positive with a full mortgage. It's extremely rare and basically a complete no-brainer if you can find a property that is cash-flow positive with a mortgage. Generally, one looks at equity and tries for net-worth positive. Which is simple to say, but is made more complex by older mortgages giving more equity for an equal payment.

Of course, with an interest-only mortgage, yes one would need to be cash-flow positive, because there is no such thing as gaining equity. Again, my understanding is that such properties are extremely rare.

Re: Show HN: Short-term rental estimate for sites like Airbnb

#29
post #4
post #3

I found this to be really inaccurate. I've been a host of an Airbnb for a few years. I've slowly moved my price up until I hit the maximum 70£/day. I have hundreds of positive reviews. The price the website suggested was 120£. I then went in to put an obscure address where there is no demand, and the price was $140/day. I've rented a hotel in the area for $30/day.

$30? Where is such a place, Siberia?

There are plenty of AirBnB places in fairly touristed places in the developing world for 15-20€/day.
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