My Airbnb Property Got Destroyed: What You Can Learn From My Horror Story
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- Опубліковано 30 січ 2023
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This has been a stressful winter. My airbnb property was destroyed, but here is what you should make sure your homeowners insurance policy includes for your rental properties that saved me.
This is a new adventure that I hope I can make into a full time job! this video talks about the slow off season months on airbnb vacation rentals.v See how much I made on airbnb and how much my expenses are for airbnb. I love executing side hustle ideas to start money right away. I love sharing tips about making money with jobs that dont require degrees. These side hustle ideas you need no degree, but is a high paying job. A huge part of building wealth is diversifying your income because you can't budget your way out of low wages. In this video you will find how to make extra money in 2021, how to make money from home, make money online, and also some jobs that that pay well without a degree! Please subscribe below if you are interested in learning more ways to save money and intentional living. Personal Finance is becoming my favorite thing to talk about
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FIND VENDING MACHINE LOCATIONS ONLINE
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Just a tip: Consider installing a hot water circulator pump in each of your properties. They cost about $200, they're very easy to install, and you don't need a plumber to install them. The pumps continuously circulate hot water through the pipes and reduces the water waisted when turning the hot water on. Best thing is, you can set timers to offset winter months.
I know this situation was awhile ago but I'm glad you shared it with your audience because not only could this happen to anyone but the advice to have great insurance coverage on their airbnb is top notch!!!
That winter freeze did a number on a lot of people and I can only imagine how stressed out you must have felt. But it sounds like you handled it really well and you were smart to have insurance in place for situations just like this!
I feel like I could have handled it better but this year we're buying propane heaters and batteries for people. Not much we can do about the water though that wouldn't cost a fortune
Hey Alley 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Praying for you!! and much continued success on your businesses. You’re doing a great job such strength to still show up here with a smile! I have just one unit and I could only imagine. Many Blessings to you 🤎♥️
I was dreading even talking about it because it hadn't been resolved yet, but once I started talking it actually help me better mentally
Don’t worry you’re not alone. Furnished rentals or vacation rentals can be a headache and a big stress. I took the initiative to just go for it and now I have 5 furnished apartments in Connecticut. The fall / winter time has been extremely dead so bad that I’ve been losing money every month on all properties since no one is renting any of them and I’m debating on if I should continue or not. Sometimes I feel like a failure as if I’m not doing something right because I see tons of people doing extremely well with their Airbnbs making thousands if not millions of dollars. One upside is that I’m proud of myself for trying and even taking the leap to start. If we would’ve never done that we would’ve never got to see what the outcome would’ve been. Keep your head up 👍
You can always look for properties that have a winter season
I appreciate the level of transparency that you have! I really enjoy when you share moments of success and even moments of sad reality. You're Definitely a big inspiration for all entrepreneurs out here!
You are so welcome! Hate the feeling but it's needed for growth
I am so sorry to hear this! Thank you for sharing! I would like to hear more about your RV Products.
My journals? I have them on my website 😀 letsjazzitup2.com
I hear you! We too had guests during that time and our heat from the electric fireplace quit working and our heat pump froze up. Guests were upstairs. We had to turn on the emergency heat and provided electric space heaters. We had to ask them to leave the water dripping because of it being below zero. We got them heat though. But it was scary. They left a 5* review! Whew! So sorry you experienced this!
They left me a 1 star 🥲 I'm so glad you guys got through this unscathed. It does make me feel better that I wasn't the only one but that's also selfish of me to say
Hey Angela 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@@letsjazzitup i hope ypu left them a 1 star too. That was so mean of them. Some people can be so not understanding and expect thw world to be perfect and revolve around them. They sounded like renters from hell
I am sorry to hear about this
I just needed a hug everyday 😔
My heart goes out to you ❤ You are awesome and inspirational keep grinding! Thank you for all of the valuable and truthful information that you share on your journey. 🙏God bless.
This is so real. I have 2 properties & dealt with frozen pipes around Christmas too. I really appreciate you sharing your story because entrepreneurship is no joke
Gosh it's no joke. I just wanna give everyone a hug cause we go through some thangs!!
Hey CC 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thank you for this transparent video Jazz, and thanx for the income tip with insurance. Im calling my insurance company tomorrow to see what exactly is covered. I hope everything works out and most importantly less stress, I know it can be a lot!
🙏 less stress please. I hope they have a good income lost policy
🔥 I’m with you on this Mariam! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thank you for sharing this. You did a great job accommodating your guests. They should have been more understanding in the beginning that some things are out of your control. And people with 100+ properties don't manage well. It's impossible. They just in it for the money at that point. I watched a documentary about an investor in NYC who knows things are wrong with his properties and has not fixed them for years. You keep doing what you are doing. I have followed you for a while and you do business with integrity. Your heart and intentions are always in the right place.
Thank you so much. I'd much rather be the host that brings goodie bags and talks to everyone. I really enjoy customer service. 100+ properties just seems like more work than fun at that point. Thank you for following my journey. I really appreciate every person
Good information, Jazmine.
Hey adrian 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Yes I've had issues finding people for my units, I have a list of reliable contractors for each property now. Sorry you went through all of this around the holidays too, what a mess!
The people that my insurance team hired I like them. I'm gonna hire them for other stuff at my property
Wow....that was a lot to go through all at once. I am so glad that you were able to find help and solutions. You are correct, good insurace is everything. Thank you so much for sharing your lessons with us. The good thing is that you did have guests at the time. If your property had been empty, the damage could have been much worse (those guests may have been angels in disguise:) Take care...sending nothing but positive vibes your way😇🙏❤
Omg yes!! You are so right. I just happened to send my neighbor over to check stuff and the ceiling water came out while they were there. I was saved by those guest
That's awful! Thanks for sharing your experience. I've also experienced a flood from the top floor down.. had to live in a hotel as a family of 5 for 2 months! Thankful my insurance had first claim forgiveness and my rate stayed the same
I'm scared my rate will change or they'll drop me 😱
Great video. Appreciate you sharing. Super sorry this happen, happy that this is experience is making you stronger!
Definitely stronger but gosh I want it to be over
Totally keep holding in there. I wondering if you would share where you purchased your tiny home from?
Wow, thank you for sharing
there is no bad experience
god bless and keep striving
these lessons will help you for next winter
All a learning lesson
Sending hugs your way, that's so stressful but you're handling it like a boss that you are :)
I'm bottling it up and ignoring it 🤣🤣🤣 good news is the contractor is at My house now working
Hey Denver 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thank you sharing. I subscribed back when you solely had your vending machines. Enjoying your journey. You appear to be a very good person, with a good heart.
I too own several property units. Because of my budget I self managed. And it's very stressful when your the front line. But when you have a management company your able separate yourself and problem solve from a distance of the tenant or Airbnb tenant. I noticed the emotional difference when I slowly moved to prop management while still self managing some other units.
I suggest take the time now to ensure all home mechanical items are in working order and not in deferred maintenance. Like while the pipes are getting repaired/replaced to have them wrapped with insulation for inclement weather. And have that mindset of will this item stand up to bad weather this season.
If still self managing, I know short term rentals offers a little more customer care, so maybe have two cell phones. One for customer care with you to communicate with, while the other phone is your calling contractor phone. Helps with separating the line of communication between your tenant issues and return calls from service folks. All the best!!!
Very good advice. One day I'll be able to delegate out. Just starting out I wanna be front line. When my fiance retires I'm gonna need him to be more hands on.
I'm so sorry you're going through this.
I'm praying for smoother months after this.
These type of stories are important to be aware of. I went through similar issues - thanks for telling your story!!
No one talks about them or they just brush over them and say "but it's ok" like NO people want to really know what happened and how you really felt.
@@letsjazzitup you’re absolutely right!!
I’m so sorry to hear this. Smh life happens you will bounce back
Finger crossed for smoother months now
Good lord I am sorry you had to go through that. Thank goodness for insurance. Keep at it I believe in you. Stay safe.
Almost out of this rough patch. 😮💨 ready for the fast months to come back
O man! I’m just amazed at what happened and so proud of you making this video and solving the problem! Great job on handling everything! Can I ask which insurance company are you with? do you have?
Tower hill. I feel that I wish I could have done better for the guest but it was such a Hugh stressful situation 😫
Oh no! This sucks..sorry to hear that. That freeze got everyone. Our pipes burst too. Keep breathing girl. I got this! Thank god for insurance. Who do u have insurance thru?
Tower hill. Did your pipes burst? I hope not
@@letsjazzitup I will keep them in mind for insurance for the next one. Our pipes burst in our primary home. Thankfully it wasn’t anything like you are dealing with tho. I’m sorry your having to deal with that.
Hey Joe 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Sorry this happened to you so glad your getting it fixed. If you own multiple properties it may be worth it to also look into an umbrella policy as well to have the added liability protection. If you have personal liability on your homeowners policy make sure your liability is enough to cover your assets (if sued a person can go after your income, home, etc for monetary damages) It's important to make sure there aren't any coverage gaps in your policy.
Oh that's a good one!! I should call my insurance about that
Thank you for sharing! 🩷sounds like a nightmare. Who’s your insurance provider?
Hey Jazz it's Jazmine here lol I'm so sad u went through this u r a kindred spirit and did not deserve to get bashed like that by them customers... at least u will know for next year what could happen and better prepare but also too I know even with a property manager u can still feel issues but then I think that's when you get tough skin (easier said than done right lol) because if you hire someone it's their job to be on top of the contractors and emergencies and u may feel a little annoyed/irritated/stressed but it won't be as bad if u choose the right person... delegation is hard for me too but I worry for us scorpios we take on a lot lol but ur health comes first so when ur ready find another u so at least u won't feel so alone with this... u got this girly praying for ur continued success 🙏🏽💪🏾💪🏾💜
Us scorpios love the control 🫡 hopefully one day I can feel secure enough to delegate
yeah I was in Gatlingburg for Christmas power went out for like half a day plus rolling blackouts then had to walk up mountain to get to cabin because the cars were sliding down 😬
Lordy!! It's hard out here. Gatlinburg really really needs to throw it's Tourism money into making the grid stronger
You are truly a warrior. 💪
I appreciate that
We did a Christmas trip to Gatelenberg in a cabin years ago. We got stuck up there on the mountain because there was so much snow and ice and the temperature took days to get above freezing so that some of it would melt
💡Great experience Kahnica! Would you mind sharing more?
All in all was it bad trip because of the snow?
Oof. This sucks. You just went through all of the fears that I have with having short term rentals in an area that I can’t reach immediately.
Even If I was there, I have no plumbing experience. 🥲
Dang! Thats tough!
Anxiety attacks!!
Hi miss jasmine I love you so much I been binge watching your story time videos😁😁😁
Yay! Thank you!
@@letsjazzitup I love you boo I wanna meet your beautiful face and your moms I wanna hear more of her paranormal stories😁😁😁
Wow what a nightmare. Sorry that happened
My Christmas was me silently panicking behind my smile
Hey @Tramster321 Luu 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I know it may have been stressful for you but it's a learning experience the reason why people have so many properties is because they have systems in place the only thing it seems like it's missing from your Airbnb business our systems you need to look into that
Even with systems when things go wrong, as the owner, it all falls on you.
@@letsjazzitupWhat would have prevented the pipes from freezing? Was the heat off in between rentals?
Hey Neo 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@Tony McFee inspector came in and said the original insulation was badly put it and that there was no way that insulation could have protected against freezing. So now I get all brand new insulation.
I wanted to upgrade to heated pipes but that was out of my budget
Makes vending machines look good again. Lol When you have over 100 properties, you hire a good property management company and give them a threshold to spend on automatically to fix things and anything over a certain amount needs to be approved by you etc. makes it a lot easier to run things and automate your real estate business. Have you thought about just renting the units full time on a yearly lease basis? What would yield you more money? 🤔
I wouldn't make nearly as much money in long term. Also even when you have a management team they have to tell you what's happening. As the owner, you don't just skate by knowing nothing and having to mentally deal with the big problems.
And you still have to dish the money out for them. You don't get away with the stress with the big awful issues
Hey Tony 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
AC needed in.the dead of winter??
Didn't mean to say a/c, I was talking about heating unit
Just gotta ask.
Why someone needs AC in the TN
Winter time?
To each their own, but.....
I didn't mean to say a/c as in cold air needed but the heating unit
@@letsjazzitup ha. No worries.
BTW, TNsean here....
You prolly don't need it but
If you need anyone to do
Video Thumbnails etc
I'd be willing to do it free for a time.
I'm trying to learn a new skill
With Adobe photoshop, animation etc
And could use the practice.
And for real, no charge.
I’m so sorry about your property! Do you have an airbnb mentorship?
I do. It's here letsjazzitup2.com/products/business-life-coaching-mentoring
@@letsjazzitup Awesome! Would I have to purchase more than 3 sessions in order to receive the best help for Airbnb coaching?
I would suggest trying out a few sessions 1st to see how I can help and after 3 you should know if you need more. If you've bought an investment, after 3 sessions most people feel better equipped. If you don't buy an investment withing those 3 sessions then you may want more or figure out that your plans change. The 3 sessions also aren't back to back. We take short gaps in between out meetings to make sure you accomplish the stuff we spoke about then we Meet again.
What insurance do you have?
Tower hill
While you have those floors
Pulled up.
You may wanna do a quick
Termite inspection.
The sub floor was messed up too so they're redoing everything. Also I have an extermination team that examines and sprays every 3 months
@@letsjazzitup that's good but
They usually don't get to see areas like that during their inspections.
Just a suggestion while it's pulled up.
Keep rockin young lady! Even tho
This is a rough time for ya. The learning experience is invaluable.
@@gapperx9068 good looks!! I'll get it done
❤️
🙏🙏
Hit the like button 👍
That out of state property can bite you.
What could I have done in state with them? I'm not a plumber, I know nothing about HVAC, couldnt unfreeze my own pipes. Would have been a sitting duck still.
What I cut from the video was me saying that in my own house where we live the power lines went down and our heat went out and we couldn't get Anyone to our residence either and I was actually here.
Damn girl. Sorry 😢. You have to have such tough skin as a business owner!
Very much so!!! But it always works out. Just gotta trust yourself
this is terrible!
🥲
I love it when you tell me in the first 15 seconds that you lied to me and used clickbait by using the word "destroyed" and then say immediately that it wasn't. That gives me a good feeling about who you are as a person and what you are trying to accomplish as a content creator. Think twice about deceiving people on any level for the rest of you life. Sincerely, Unsubscribed.
My unit is destroyed but not demolished if that makes sense. All my walls are taking because the water damage was so bad , my insulation was all taken out cause of the water,, my sub floors are rotted out and my regular floors are ruined. If that's not destroyed by water damage I don't know what to tell you 💁♀️
❤️
*hugs*
Hey Kim 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.