Double Your Rental Profit

11/10/2020

https://www.forbes.com/sites/lisachamoff/2020/11/10/floridas-short-term-rents-expected-to-spike-this-winter/?sh=48a469d43813

Usually summer is the worst month of the year for Florida, but this year prices were up 15 to 20% from last year.

10/29/2020

1) Domestic 76%. International 24%
2) Transportation: car-over 60% (pre-covid 23%), airplane 37% (pre-covid 72%)
3) Accommodation: STR-31%, Chain hotels-28% (see link for more details).

“My future accommodations will be very different as they will be more secluded and private. I don’t want to be around a lot of people or large crowds.”

Link to entire research
https://info.advertising.expedia.com/traveler-sentiment-study

10/20/2020

Click here to start watching every step of your competition and making more money!!! https://doubleyourrentalprofit.com/

10/14/2020

(Edited previously published post) Interesting article in WSJ. https://www.wsj.com/articles/how-airbnb-pulled-back-from-the-brink-11602520846
Highlights:
• In May urban residents started searching for vacation rentals in neighboring towns, so they can avoid flying.
• Airbnb redesigned the site and search algorithms to show prospective guests everything from cabins to lavish beach houses close to them. (Probably, that is why many hosts and guests experience problems with the websites.)
• On July 8th, bookings were back to pre-pandemic levels!!!! (CRAZY! If your property is not in action now, consider shutting it down now).
• Most of bookings take place within 300 miles of guest’s location.
• In 3rd quarter Airbnb reports profit this year! • CEO of Y Combinator is praising Mr. Chesky’s decisive actions “What impressed me was how quickly he did it” (well, he ruined business of many Airbnb hosts and lawsuits are yet to come…)
• Mr. Chesky had a choice to sell part of the company or to borrow. 1 billion came from Silver Lake and Sixth street and another 1 billion from consortium of investors at 11% rate.
• All founders of Airbnb relinquished their salaries, cut pay in half of executives.
• Cut marketing expenses by $1 billion. (hm. Would be interesting to know what is percentage it is).
• May 5th-1900 employees are laid off.
• “They scaled back to list traditional hotels…” (well, I guess hotels will show up sooner or later on Airbnb). Last year they purchased site “Hotel Tonight”
• Mr. Chesky has no immediate plan to boost marketing expenses. (probably, host’s referral reward is on of the marketing expenses. So, probably substantial referral rewards are history. Last year, some hosts were getting $750 per referral).
• “Future stays booked in the U.S. have risen year-over-year from June through August”
• The second quarter loss is $397 million, revenue drop 72%, operating expenses fell 38%.
See more news in our group https://www.facebook.com/Double-Your-Rental-Profit-634768440498494

10/09/2020

The word of next 2-3 year is "WORKATION". Adopt your listings! Nice office desk, chair, high speed internet are very important!

10/07/2020

https://www.forbes.com/sites/gabrielleigh/2020/10/05/6-places-you-can-travel-to-in-october/

Things are continuing to open up in the world of travel and tourism, as a number of countries realize they need to work out ways to open borders sooner rather than later. Here's a look at 6 of the latest, plus a list of all the other countries that have opened up so far.

10/03/2020

Wanna boost your property in airbnb search?Testing new lifehack.Looking for listings in highly competitive areas. Say "yes".

10/03/2020

How does your listing perform vs other listings in your area? ask me if you don't know how to see it.

09/29/2020

https://nymag.com/intelligencer/2020/03/how-coronavirus-is-affecting-airbnb-and-apartment-rentals.html

Furnished apartments intended for short-term stays are flipping to long-term rentals. What could possibly be causing this?

09/24/2020

https://www.nytimes.com/2020/09/24/travel/airbnb-pandemic.html

09/11/2020

08/27/2020

I am curious how long this will last before they fix it.