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I Bought An Apartment To Rent Out On Airbnb

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Re: I Bought An Apartment To Rent Out On Airbnb

#131

Post by untog »

andrewfong wrote: post #101
glaugh wrote: post #61

Earlier quoted context omitted.

I would imagine Airbnb could at some point cap the number of nights you could let a place out, right? Certainly not ideal from their standpoint, of course, but manageable?

It also prevents a legal and valid use-case -- renting out your couch every night of the the year. So long as you still live in the place yourself full-time, this isn't illegal under most municipal codes.

Seems pretty easily solvable - only enforce it for listings for whole apartments.

People might lie, but there is going to be some immediate negative feedback when people find out they've rented out a couch...

Re: I Bought An Apartment To Rent Out On Airbnb

#132

Post by camus2 »

mathattack wrote: post #120

I think this is great. Vegas is the perfect spot. It was overbuilt, there is lots of extra supply, and lots of tourists. Great they made it happen. I would think there are two dangers: 1) It can take a lot of time, and time is money. If you make 200K/year, your time is worth ~100/hour. Spending 100 hours on this takes away a 10K profit. 2) You are the on the hook for big surprises: Theft, something breaks, etc. But a…

2) or just getting caught by going public with it... People should not boast about something that is illegal in a state...

Re: I Bought An Apartment To Rent Out On Airbnb

#133

Post by andr3w321 »

Could someone explain to my ignorant self why zoning a property as hotel and paying hotel tax is necessary? What is it for and why was it created?

It seems like a lot of these new startups are the same old business model but skirt costly taxes and regulation (Uber for taxis, Airbnb for hotels, Bitcoin for money transfers)

Re: I Bought An Apartment To Rent Out On Airbnb

#135

Post by oijaf888 »

mbreese wrote: post #108

If anyone is interested, this looks like the link to the place: https://www.airbnb.com/rooms/643721 Another thing to add to the "if you're thinking of doing this" list - don't write a post about it where you and the location can be identified. This is probably against the HOA agreement (short term leases are prohibited). It also could be a safety issue if you aren't actually living there. Once someone knows the apart…

Are there hotel and zoning laws in unincorporated communities in Nevada?

Re: I Bought An Apartment To Rent Out On Airbnb

#136

Post by delinka »

oijaf888 wrote: post #135
mbreese wrote: post #108

If anyone is interested, this looks like the link to the place: https://www.airbnb.com/rooms/643721 Another thing to add to the "if you're thinking of doing this" list - don't write a post about it where you and the location can be identified. This is probably against the HOA agreement (short term leases are prohibited). It also could be a safety issue if you aren't actually living there. Once someone knows the apart…

Are there hotel and zoning laws in unincorporated communities in Nevada?

Probably. It's still in the state of Nevada and in a county. An "unincorporated" town isn't lawless.

Re: I Bought An Apartment To Rent Out On Airbnb

#137

Post by pmiller2 »

steveisaac wrote: post #67
rytis wrote: post #56

I live in constant fear of getting a bad review. I wonder when is someone going to come up with an idea how to fix this. As far as I can tell there's not a lot a supplier on airbnb/ebay/etc can do about them. It's all too consumer centric... My subjective opinion is that most bad reviews are unwarranted, left by customers that have unrealistic demands.

TripAdvisor and others came up with a good solution a while ago - they let the property owner write a reply to a bad review, and post the reply right underneath the bad review.

That's the same thing eBay does. You know what? I never look at them on eBay. All I ever look at is the percent of positive reviews.

Re: I Bought An Apartment To Rent Out On Airbnb

#138

Post by chadwickthebold »

andr3w321 wrote: post #133

Could someone explain to my ignorant self why zoning a property as hotel and paying hotel tax is necessary? What is it for and why was it created? It seems like a lot of these new startups are the same old business model but skirt costly taxes and regulation (Uber for taxis, Airbnb for hotels, Bitcoin for money transfers)

I believe hotels are regulated and inspected? Not all taxes and regulations are invalid on principle.. Regulations on hotels, car services, and money transfers are usually sold on being in the best interest of the people - protecting their health, safety, and preventing them from being scammed.

Re: I Bought An Apartment To Rent Out On Airbnb

#139

Post by jcdavis »

jongold wrote: post #129
petercooper wrote: post #4

It’s possible to find a nice apartment in a major city for less than $50,000. The place I found was in Las Vegas and it cost $40,000. Wow, I had no idea things were that good/bad. Here in the UK, I deliberately choose to live in a cheap part of the country and you'd still be talking $120k or so for an equivalent 1 bed flat. This really illustrates to me why efforts to turn various areas in the US into "mini Silicon V…

I live in London. I'm looking at >$600k for my first apartment. Jon's apartment in Vegas would be a small fraction of my deposit. Ugh, I feel sick. And need to move.

If it makes you feel any better (I'm sure it won't), folks in San Francisco and New York face similar.

Las Vegas is somewhat unique in having low housing prices coupled with a huge tourist market which makes such a setup workable.

Re: I Bought An Apartment To Rent Out On Airbnb

#140

Post by spokenn »

jongold wrote: post #129
petercooper wrote: post #4

It’s possible to find a nice apartment in a major city for less than $50,000. The place I found was in Las Vegas and it cost $40,000. Wow, I had no idea things were that good/bad. Here in the UK, I deliberately choose to live in a cheap part of the country and you'd still be talking $120k or so for an equivalent 1 bed flat. This really illustrates to me why efforts to turn various areas in the US into "mini Silicon V…

I live in London. I'm looking at >$600k for my first apartment. Jon's apartment in Vegas would be a small fraction of my deposit. Ugh, I feel sick. And need to move.

Aren't you guys in a bubble?
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