Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

I Bought An Apartment To Rent Out On Airbnb

needwant.com

Post reply on HN
Print view View original

381–386 of 386 posts

Re: I Bought An Apartment To Rent Out On Airbnb

#381

Post by eropple »

anoncowherd wrote: post #380
eropple wrote: post #372

Earlier quoted context omitted.

> And this is inherently wrong, why? Because the world does not exist for the benefit of the rich and privileged; not simply the "rolling in Maserati" rich but those in a position to enact those gentrifying policies--who are overwhelmingly upper-income and capable of exerting more time to get what they want, have more money to apply to their causes, and generally are better-educated and able to execute. The "selfish…

> Because the world does not exist for the benefit of the rich and privileged No? Does it exist for the benefit of the poor then? -They sure keep voting for more wealth transfers and taxes on the rich, and they keep getting them too! Note that I'm just an ordinary middle-class white person. I just wanted to point out that the world does not exist for any group's benefit. We're all just people, all just individuals he…

> Does it exist for the benefit of the poor then?

No. But we have ample historical evidence that huge wealth and privilege disparity does not lead to societal stability. The selfish vote of those rich and privileged seeks to increase this disparity. The selfish vote of the poor does not.

Re: I Bought An Apartment To Rent Out On Airbnb

#382

Post by samspenc »

beginagain wrote: post #175
samspenc wrote: post #26

$200 monthly for a local cleaner who does unlimited cleans AND handles the bookings/inquiries??? That's quite a steal!

Not really. It doesn't take much effort to manage properties like this. Most guests on Airbnb don't want negative feedback as the author mentions, so they make an effort to leave the place as they found it. The person managing the property is probably not the same one cleaning it. She sources her own cleaning team most likely, and very may well have 60 or so properties under her wing. @ 80 properties & 200 bucks per…

Ummm, based on my experience in service-related industries, this doesn't ring quite true. Customer-facing work is really really hard.

Re: I Bought An Apartment To Rent Out On Airbnb

#383

Post by WalterSear »

omonra wrote: post #376
WalterSear wrote: post #362

Earlier quoted context omitted.

No, you don't know what the point of licensing is about. If you drive badly, what will the police do with your license?

Fine - so let's make obtaining an 'airbnb license' as easy as the driver one. Then if host has issues - take it away. But somehow I imagine that red tape required to obtain a hotel license is significantly longer, benefiting large companies.

And the infrastructure and regulations to administer an airbnb license just pop out of the ground magically?

Re: I Bought An Apartment To Rent Out On Airbnb

#384

Post by NOVAlawyer »

Under the Las Vegas Code of Ordinances (assuming the condo is in the city), the issue is going to be whether the guy is considered an "operator" of "an establishment that rents or holds out for rent guestrooms on a daily or less-than-weekly basis." In that case, he needs a license and needs to pay taxes. See: http://library.municode.com/HTML/14787/level2/TIT6BUTALIRE_C...

Beyond that, all that really matters is the "Covenants, Conditions, and Restrictions" (CCRs) document that is recorded in the land records when the condo was created and any other local and state regs governing renting of rooms.

The Rules and Regulations statement about short term leases is easily overcome. Just create an operating company that you lease the condo to under a long-term lease - run all the money through the operating company, pay the rent to the owner, and distribute net income. The only "lease" will be the long-term lease to the operating company. Again, there may be local regs about this (or the state's Landlord-Tenant statute: https://www.leg.state.nv.us/NRS/NRS-118A.html#NRS118ASec180), but the "prohibition" under the Rules and Regs is easy to deal with. Again, what matters are the CCRs that are recorded in the land records. If they allow it, my bet would be that this guy's scheme is fine.

Plus, I'd also bet that he talked with an attorney about this. If he didn't, he's a damned fool.

Re: I Bought An Apartment To Rent Out On Airbnb

#385

Post by zuckit »

THIS PROPERTY IS LISTED UP FOR SALE AS AN UNDISCLOSED LOCATION. MAKING IT HARD TO FIND. ( http://www.redfin.com/NV/Las-Vegas/Undisclosed-address-89119... ) HOW SUCCESSFUL REALLY IS THIS BUSINESS MODEL? I DON'T KNOW ABOUT YOU BUT IF MY INVESTMENT WAS GENERATING THIS MUCH CASH I DONT KNOW WHY I WOULD SELL IT!

Re: I Bought An Apartment To Rent Out On Airbnb

#386

Post by anoncowherd »

eropple wrote: post #381
anoncowherd wrote: post #380

Earlier quoted context omitted.

> Because the world does not exist for the benefit of the rich and privileged No? Does it exist for the benefit of the poor then? -They sure keep voting for more wealth transfers and taxes on the rich, and they keep getting them too! Note that I'm just an ordinary middle-class white person. I just wanted to point out that the world does not exist for any group's benefit. We're all just people, all just individuals he…

> Does it exist for the benefit of the poor then? No. But we have ample historical evidence that huge wealth and privilege disparity does not lead to societal stability. The selfish vote of those rich and privileged seeks to increase this disparity. The selfish vote of the poor does not.

The Rich-Enough don't actually vote to change things, they buy politicians and make deals behind the scenes.
Post reply on HN