Why You Shouldn't Make an Airbnb in 2023
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- Опубліковано 1 чер 2024
- This is my honest experience with Airbnb and why I wouldn't recommend getting into Airbnb in 2023. Comment down below your thoughts!
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Other people on UA-cam have criticized her so hard for her Airbnb and she hits back with patience, knowledge, and facts. Love to see it
I agree. Wonderful lady with a lot of class. Hence why is she is probably successful.
Agree. Shelby and her sister are very smart people.
Love them both ❤️❤️❤️
I disagree. Airbnb is an excellent strategy. I know a ton of investors I work with that do extremely well.
@@PrimitiveMLG did you watch the video completely? She gives solid pros and cons either way. Sounds like your comment comes from reading the title and not watching the video.
I love airbnbs, but they used to be more affordable than hotels, now the average priced airbnb is around the same price of a 4-star hotel.
Those cleaning fees are ridiculous, especially if you’re only staying for 1 night, can double the cost
What you say is true, but you have to compare apples with apples.
You can't compare a 4 bed 2 bath houses price with a 1 room 4 star hotel.
There is no comparison, unless you rent 4 hotel rooms and even then you're not getting full kitchebs
That's why I just stay in a hotel. There is zero point for an airnb.
@@Eileen49654 You can of that 4 bedroom house requires you to do chores before leaving, doesn't have free/accessible parking, and if you honestly don't need a 4 bedroom house for a weekend vacation.
Air BnB makes sense when you're traveling with a large group but not in general.
Agree here 100%
Hi. I'm a first-time viewer on this channel. I have been a host on Airbnb for 17 years starting in 2007. I started Airbnb before the commercials and before it was a household name. I owned a duplex with one 3-bedroom 2-bath and the other a two-bedroom apartment. I went from buying the ugly house on the block to cleaning it up and putting a for rent sign in the front yard then later trying section 8 for a few years then one day I stumbled upon Airbnb online in 2007 and signed up. I went from renting one room in my unit to renovating both houses and remodeling each one then instead of bringing in $750 dollars per month for a two-bedroom, 2 bath I began bringing in $1500 to $2,500 per month and an additional $2,000 up to $3,500 with a three-bedroom unit.
I'm a single parent. I didn't have to get a job. I hired housekeepers to clean each unit when I was too tired or away I was making money hand-over-fist in the South not California. I also rented out rooms in our private cabin in Louisiana as well as campgrounds space on an acre of land in the backyard. The bubble burst in 2020 when the pandemic hit and Airbnb cancelled our reservations worldwide the following year we were hit by hurricane Ida the next year. We sustained significant damage to our house and yard.
The world is different since the pandemic. Property values, real estate, vehicles, food etc have all increased significantly.
Now that we're coming out of the pandemic and people are beginning to travel more they are coming back to Airbnb but not at the rate they booked pre- Covid. People are still leery, self included.
Since 2020 we're now homesteading on an acre. I'm considering building a few small tiny homes/sheds to start Airbnb again to help bring in money to our Homestead. I think the narrator of the video was pretty spot-on that the world has changed and so has Airbnb. For our sake I'm hoping that offering a Homestead experience will be enough of an allure to attract more Airbnb guests to our property. However, guests stays will not exceed the weekend. I know the good, bad and the Oogly of Airbnb. It's not all roses. There's always those who will run a good thing so get ready. Also, the municipalities now I know how much money the airbnb's bring in and they want their cut to now. Check with your local government first just to see what their rules are in general. Some states have began to tax Airbnb hosts which should be illegal so do your research.
Signed,
Seasoned Airbnber
The free ride is over, parasite.
Hilarious and couldn't agree more! I was a first time viewer and think it's odd to hear someone's viewpoints entering airbnb essentially late and in a terrible overpriced market. I was an Airbnb host in nyc for 12 years when it was still considered couch surfing and it changed my life. All of my international guests got canceled and airbnb left decade long hosts out to dry with zero support during the pandemic lock down.
Things initially started to change back in 2018 when my city became saturated with awful kid hosts that just didn't care. Neighbors got pissed from parties. Honestly all the social media influencers claiming to get rich quick attracted these types and ruined it.
The pandemic crushed me and hit tourism hard. I had ptsd from all the people trying to steal from me and squat. Big cities did pretty bad throughout that lock down period (no one wanted to be in elevators), but remote places did well.
I'm just starting to get back in the game and my strategy is different now. I'd never invest in a 750k+ house in a market that didnt have multiple attractions and also had a significant slow season or in a city with heavy regulations.
Airbnb is global. Choose your markets/locations wisely!
Good luck to you all!!
Sincerely,
Another Seasoned Airbnb Superhost
Transparent youtubers are such a blessing these days and Shelby you are on the top. No sugar coating, just pure realities. Thank you really appreciated.
Hey Rabiya 👋 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 cannot believe he is using your face in his thumbnails... of course he's selling course and will basically trick ppl into thinking Airbnb is still where it is 5 years ago. Being this deceitful is literally scamming. I'm glad you addressed it Shelby!
Even when you are calling someone out, you do it in such a polite way...classy!
🔥 I’m with you on this Baileys! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
IMO this is one of the best filmed videos you’ve made Shelby. The beginning cuts, everything… so good.
Hey Sara 👋 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.
You nailed it Shelby! I feel like you are the only person out there who is sharing TRUTH and the reality of the Airbnb market. The market has changed a TON. Our properties that are still performing are in highly regulated markets. Our other properties (scottsdale specifically) have completely died in bookings. So many UA-camrs out there are acting like its still a great time to invest in Airbnbs but they also have coaching programs or are looking for investors. It's not for everyone and people should be extremely cautious. It doesnt always work and you can lose alot of money.
Hey Hanan 👋 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.
As a person living in a residential area! Living next door to an airbnb they SUCKS BIG TIME!
One of the main qualities that allows Shelby to be so good at UA-cam is that she has zero ego, despite clearly being very successful financially. That's hard to find these days and allows her to be transparent and honest regardless of the circumstances, which in turn helps her channel.
pretty sure Shelby had money given to her by her parents
@@volcanoviewsfarm8470
Where are you getting this info from?
@@dontbanmebrodontbanme5403 his ass
@@volcanoviewsfarm8470 Shelby dad is a high school teacher.
Hey Derek 👋 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.
You do not suck at this! You thought this process through properly and the market simply just changed. You have been very transparent and we thank you for that! 🙏🏽 Sean is suffering like everyone else and took a shot at you for views lol Unlike you he is not being very transparent from beginning to end. Keep doing what you are doing! Your content is absolutely great! 🙏🏽🙏🏽🙏🏽
Hey @Brainz Music 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
@@ivantejeda You should absolutely make a vid on this :) I've been an AirBnB host off and on since 2013 lol. However if I have any additional questions i'll hit you up... And you got a new follower out of me :)
I love the subtle nice pleasant way you throw shade back. You throw nice person shade.
I swore by Airbnb for years but now I only book at hotels. The prices are astronomical, it makes absolutely no sense unless you travel with a big group. Unless I’m splitting the bill 4 ways, I’ll never book Airbnb again sadly
You are genuine and your transparency is much appreciated. Thank you!
Hey @greensuburbanite 👋 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.
Shelby is a classy, transparent, self-made QUEEN.
Thank you! Very nice to have your perspective on this.
insightful, love watching each step of your airbnb venture. thanks for being so transparent!
Hey Caleb 👋 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.
If you’re buying in cash it still is a big deal, the reason is is lost opportunity on the money that you invest. Right now I can get 5% on 6 to 9 month treasury yields. So for me I would have to get 10 to 12% rate of return on my money in order to put out the risk investment. Right now with everything going on in the economy I’d rather sit back and make 5% of my money rather than going through all the headache of chasing higher interest rates.
Hey Gene 👋 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.
Airbnbs used to be cheaper than hotels. That's not the case anymore. You'd only get an Airbnb if you wanted something unique & different. In a recession, it's no surprise people are going back to hotels which are cheaper & consistent.
Hey @Trades by George 👋 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.
Such a great breakdown and balanced perspective. Another great video Shelby 👍🏻
Truth never goes out of style. Honestly video is very refreshing.
6:30 cute little cow at the background 🥹
Well done. Quality video production as always. Great accurate information on Air B&B, with solid support to back it up.
Hey Mark 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Great video as always!!! Top quality and your explanation is clear and concise!
Hey Madeline 👋 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.
You ALWAYS have the best knowledge and info on these topics! You’re always so honest!
Hey Dustin👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
I literally just subscribed to your channel and was binging videos when I saw this new one come up! Perfect timing 👌Great content!
Thanks for watching them!!
@@ShelbyChurch Thank you for your honest takes in this field!
🔥 I’m with you on this Monica! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Luv the transparency u have with these types of videos!
Hey Ede 👋 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.
Ty, u are always transparent looking at both side with no bias.
Thanks for sharing, Shelby! I always love your videos, they are so insightful :)
Hey @pink_pineapple01 👋 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.
Shelby, you look gorgeous in this video! ✨ the hair, the outfits 😍
you put that youtuber in his place and shed light to possible money schemes in the classiest way without putting him down in any mean sort of way! love that!
Hey Madison 👋 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.
Great Video here, again. Please make a video about the new build strategy you mentioned at the end! That would be amazing information.
Thanks for your tips and opinions! Best wishes to you in 2023 ❤️
Hey @Sarah's Healthy Recipes 👋 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.
Your videos never disappoint! Thanks so much for creating such great content :)
Hey Isabela 👋 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.
So very true that people who promote Airbnb often have a vested interested. This is refreshingly honest - thank you for sharing. And that this video is not clickbait.
Hey Justine 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Thank you for your transparency. Your Palm Springs home is beautiful and fortunately is a home you and your family enjoy using!
Hey @carableu 👋 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.
Great video, very useful and thanks for sharing. Small handful of people on UA-cam I trust and you're one of them. Keep it up!
Hey Nazrul 👋 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.
Hi Shelby, i watch your shows just for fun and even though im not always interested in the topics for me to do myself, i like watching just to gain more knowledge. But i love and appreciate how your give your opinion. I feel that you’re being honest and it makes me trust your word a lot. Love your videos❤
Hey Karen 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Kudos, Shelby! Well-done, balanced video. You do the research and share your experience. Much appreciated!
Hey @mfnannygram 👋 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 agree with your video. It may still be doing well for some. This year I am still holding my properties strictly as airbnb because I don't want to deal with renters long term and all their issues but I have certainly come close to cutting out airbnb and just possibly doing long term rentals, when things got really slow but thank God a booking always fell through by advertising on several platforms to include insurance rentals for displaced homeowners. Great video.
Thanks for sharing and being so honest. Also, loved that cute pink top you wore in Palm Springs!
🔥 I’m with you on this Feline! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Shelby, another incredible video about a subject you have a lot of experience in. The video quality you have in making these videos are just getting better and better.
Hey Kieth 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Love this video! Great addressing the effect of airbnb on the housing market! It’s the ppl and companies who own 5+ airbnbs that’s are the issue! A single person having one investment property isn’t the issue
Hey Valerie 👋 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.
Thanks for sharing! I love ur videos about Airbnb!
Hey Rafael 👋 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 like that you're so transparent about the struggle. Obviously you're still able to spin it into a positive by using it as content, but it still takes a secure person to put it out there for others to criticize.
Hey @m h 👋 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.
Really good video. Loved the editing and the information.
Hey Kelli 👋 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.
love how you clap back at that guy who is basically using your content and honesty to try to make a buck, but still stay classy and fact based!
🔥 I’m with you on this Michelle! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Your honesty and transparency is refreshing. I wish you the best of luck and can’t wait to see the Joshua Tree project.
Hey Jonathan 👋 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.
Shelby! Thank you for your insight and your honesty, nothing but respect 😊
Hey @patches 👋 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.
Good for you Shelby for calling out these UA-camrs who are promoting courses. They're just trying to clout chase off of your name. Disregard those haters.
The only thing is after recession there will be depression. One, two more lockdowns, prices high like you can't even imagine and airplanes grounded ( just happened ) will stop people from traveling almost completely.
Thanks for your candid honesty!
I applaud your transparency and openness regarding this topic. So many were quick to hate. You answered in the most polite way possible 👏👏
Hey @MHFIN 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
Great video! I totally agree with everything you said. On my last vacation the main reason why I didn’t say in an Airbnb is because of the extensive check out list. I would have to wake up early in the morning to completely clean the place, pack and be out before 10AM!
I just read another comment where the lady said the same as you here. I have used alot of airbnb's and never clean the place. I am in Europe so maybe that is the difference.
I love Shelby’s transparency and she’s so genuine. I love watching the vids!
Thank you!!
Hey JJ 👋 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.
Another Honest & great video from the amazing Shelby Church. Thank you Shelby.
Hey Dan 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Fantastic, honest perspective. Feel like I’ve been out of your demographic since subscribing (middle aged dude, no airbnbs, ambivalent about social media) But I continue to come back to your vids over and over. Well done.
Hey Mike 👋 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.
What a great video! Super informative and awesome to hear how your own experience with airbnb has impacted you. Airbnb can make sense for some people, but it's not an easy cash grab that some people think it can be. Also, the production quality on this video was absolutely stellar!
Hey Master1230 👋 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 would love to see a separate episode on the Joshua Tree property and whether or not the numbers make sense for that new construction. Love your videos, love your honesty. Keep it up!
Hey Nick 👋 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 follow your content. Very educational, informative🎉❤💯🔥💥👍.
Seattle Washington.
Loved the filming/editing on this video, Shelby! Nice work! 👏👏😁
Hey Annie 👋 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, Shelby, for such a clear and even-handed explanation of the situation from your perspective.
🔥 I’m with you on this Dorit! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@Craig Daniels Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?
@@tatianastarcic that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
@@richardhudson1243 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
I think you haven't heard what the Fed Reserve actually said. Powell said it's their goal to reduce home prices. He said they need a reset (which has been true for 20 years). Buyer demand MUST tank for that to occur. Prices will fall off a table in 2023.
@@ezdeezytube exactly
Great video - lots of useful information. Thanks Shelby!
Hey @Stock Tracker - Making Stock Investing Videos 👋 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 really appreciate your honesty about money always! It's so rare tbh and I know I can always rely on you and Monica to be transparent and informative
Hey Ellie 👋 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.
This is so informative, thanks for Your honesty and transparency. Someone had to say it, the Airbnb has negatively affected the housing market for a while now. I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@Stanley EdwinThats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@louisairvin3052 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@anthonyrussell5718
My advisor is "Lisa Ellen Shaw". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.
@@louisairvin3052 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
People have known that airbnbs negatively affect the housing market for a long time. Adam Ruins Everything did an episode on it in like 2015.
So true!!
Hey Broke 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
I appreciate your honesty Shelby - thanks
Nice breakdown, thank you!
As a generalization, she's spot on. Much respect and love the content. Mediocre anything in this recession will not do well...
Hey @The No BS Realtor 👋 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.
Not all SHORT TERM RENTALS are airbnb. We get more bookings thru vrbo at both our rural cabins
Thanks for being so brutally honest. RESPECT!!
Thank you for being real. Our bookings definitely have dropped a lot. We moved in our house for now.
Interesting research about Sean. I wonder why his calendar is so empty? He’s got about $150k in lease overhead a month!
So we are finding this out in our little corner of the world. We were going to open 10 vacation rentals by the end of 2023 (at least it looked like a good idea in 2021). We started in 2018, renting a private suite in our Queen Anne Victorian home, with a competition of no more than 50 STRs, but now there are 140! (Last I checked)
So we made the switch to long term rentals, and the upcoming renovation (rehabilitation) projects that we have going on are all going to be long term rentals. We are more focused on improving the beauty and safety of our community by rehabilitating properties that are close to condemnation.
We plan to keep one STR, because it is a historical stay and is very unique in the area, and it won’t just be a stay, it offers catered private dinners, events, historical tours, etc. Multifaceted use.
I will say, Sean’s video led me to your channel because I like to get all points of view. So now I follow you both. 😊
Hey Monica 👋 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.
Im an Airbnb host, I’d like to address everyone’s complaints about cleaning fees. What people REALLY need to understand is cleaning an entire place, doing laundry for multiple beds, taking out all the trash, dusting, sweeping, mopping, vacuuming, cleaning bathrooms plus outside, etc. takes hours and cleaners will charge $30-50 an hour per cleaner (if they need to bring in more than one). I have a 1 bedroom beach condo and my cleaner charges $150 to clean that. I of course have to charge that cleaning fee whether I have 1 guest stay 1 night or a whole family staying for 2 weeks, even if my nightly rate is only $90. Most hosts charge exactly or less than what their cleaners actually charge. It is expensive for sure but also a lot of work to get these places ready in between guests. And for those complaining about chore lists, most Airbnb’s do not have those, maybe less than 10% might have wanted things like stripping beds. As for taking out trash, we’ll isn’t that just normal that you put your trash in the can? I have not asked anyone to do that but guess what, all of my guests do it.
how is that the guest's problem - cleaning is your cost. Staying one night is cost prohibitive for most Airbnb stays
💡Great point @Dethdesigns! Would you mind sharing more?
This is a great, unbiased view of things! Thanks for the info, Shelby!
🔥 I’m with you on this @aka stardust! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
I’m someone who used to stay in Airbnbs a lot and have now been choosing hotels more often. My main gripe with Airbnb is that you are expected to fully clean the place, take trash out, sweep/vacuum, etc. or risk getting a bad review. Yet, you are charged absolutely outrageous cleaning fees. Like $145 at my last one, which had a long list of cleaning tasks and associated fines for not completeing them. Like a $75 fine for not taking the trash out. Ok so then what’s the cleaning fee for? At hotels you are not expected to do any of that, and you can usually also get a late check out. These days the prices are comparable so Why TF would I stay with Airbnb??
Agree 100%. And you just never know what you're going to get when you leave. Our last 'host' accused us of stealing a part off of her window blinds and tried to charge us $150.
hmm, strange. most airbnb's in the area where i live only require dishes to be washed, which makes sense. people leave a lot of messes.
@@pastrami00 that's too bad, always look at reviews before you book. Most of hosts are not like that and end up chalking up small damage to the cost of business. Cost of cleaners has gone up, much like everything else in the past year. Us hosts get none of that fee it goes all to the cleaner.
I was going to say the same thing. The hidden fees dramatically change the price and they are all different for each property. It’s not worth the effort to figure out what you’ll actually pay.
Unfortunately, inexperienced hosts are ruining an otherwise solid business model.
We can all help fix this issue by sharing honest reviews of poor hosts.
Thanks again for your Airbnb videos, they have been extremely informative! At this point outside of new construction or a property you personally want to frequently use, I'd say there are definitely better sources for passive income.
🔥 I’m with you on this @Reality Studio LLC! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
If a person rents for 78 night x 31 2418 rent is 1200 or less that is a 1218 profit minus now utilities that is a 1068 profit for 12 months 12816 and you own nothing to help leverage to your house purchase!
Hey Jazmine 👋 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.
Love your authenticity!!!
I think the reality is with the flooded markets and people being frustrated with experiences with Airbnb is that a lot of people will transition to long term rentals. That being said I think there will still be a market for hosts, it just won’t be as “easy” as people want it to be. You have to care about your guests’ experience and be a good host with a well taken care of home. There are enough of us that already give that type of care, but they’re still are plenty that give us a bad name.
I quit using Air bnb permanently because of the excessive fees. I won't go back.
@@briansprayberry8844 I hear you!
I've never used them because of the outrageous fees
I’m wondering if this is happening on other STR platforms or is it just Airbnb?
With any luck, the inexperienced hosts and get-rich-quick crowd will drop out and the market will stabilize for the remaining hosts.
And Screw the folks that live next door full time! We hate these airbnb's in our neighborhood! They have made our lives hell!
10/10 video. I see renting to good long-term tenants a better strategy overall. AirBNB takes too much time to manage with all the cleaning, communication and extra maintenance imo. The best AirBNBs are run by owners who are on-top of every little detail, not what I would call "passive income".
Some airbnbs are insanely profitable, though. You will never be able to get that with long-term tenants.
Hey J R 👋 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.
7:05 this lightning is EPIC It is really brining out your eyes. Great set up Shelby! Ok let me keep watching lol
Hey Jessica 👋 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.
@@ivantejeda Howdy I think you sent your comment to the wrong person. Unless youre doing a video on how amazing Shelbys eyes look or lighting LOL. 🤣
This channel is incredible, I'm from Australia and the information still translates, its not that different here. Great videos Shelby.
Hey S JJ 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
I agree with your assessment! Fortunately, my A-frame cabin in Tahoe has not experienced the “Airbnb Bust” probably because: 1) I bought my property before Pandemic prices and rate hikes; 2) I obsess excellent design, experience, amenities and customer service; 3) new permits have been banned in my area; 4) I am on multiple booking and direct platforms. I also don’t over-inflate my rates, because I am thrilled when I just break even (I enjoy staying myself!). I think it’s the responsibility of owners who don’t live in the area to be active and contributing members of the community whether it’s through donating to local causes or the environment. I like to think that what’s happening is this weeding out of all the get-rich-quick “passive”investors. Hopefully the homeowners who really do care about the home, the neighborhood and guest experience, as well as strive for quality (instead of TJ Maxx decor) will survive this moment in time. These new bad eggs shouldn’t ruin it for those of us who are responsible and in it for the right reasons. Cap rate, cash flow, ROI, aren’t the only metrics that matter when it’s a passion project and you are hosting from the heart.
Lol. I can picture HomeGoods/Target/TJMaxx/Walmart level decor and furnishings combined with $450/$600 a night total price tag including fees.
@@33Jenesis Oh so only Fortunoff &ñ Raymour & Flannigan's decor and furnishings are the only way to go in an ABNB? What are you smoking? Not even hotels spend that much for things that most of the guests will destroy anyway. You're ridiculous.
Hey Keryn 👋 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.
@@ivantejeda hi Ivan! I think it would be a great topic! Too many irresponsible owners have made it hard for those of us who want to be respectful of the other full-time homeowners and support the community, not just take advantage of a “deal”. No wonder STR’s have a bad rap. If more STR owners were active contributors (not just…”well, I pay taxes and bring income to businesses bc I have rich guests who spend money”, STR’s may be more welcome. I think this attitude is lazy, disrespectful and self-centered. We can be better and empathetic to our neighbors.
@@cyagurl couldn’t agree more, well said. Adding to the queue. Thank you!!
I love how candid you are about it all. I don't know how you can stay this calm and collected despite the investment you made (even on much better rates than you would have now). I really admire that. IMHO, not even buying a property in cash makes really sense. Because that same amount you could use for any other investment, so cost opportunity really weighs in in the equation, but i could easily find counter arguments to my arguments as well 😁😁 investment are complicated, there is always an implied risk (which is totally different from uncertainty) - as long as you can afford it, go for it. Great video as always, Shelby!
Hey Massimo 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Loved the vibes and editing...
Your videos are always entertaining
Hey Maartje 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
@@ivantejeda what are you on about?
Excellent thought process and wisdom based on real experience. I have a lot of LTR and one STR - you thoughts seem to match my observations. Still will probably add a STR in St Simons, but it is because we want to own a home there! Great Video - Thanks
She is right about starting (meaning buying a property to use as STR) in 2022 and 2023. I don’t own a STR but in 2022 April I started to have interest in possibly owning/buying one in the Smokies. Since 2022 April, I’ve looked deeply at more than a hundred revenue or Profit/Expense statements. It doesn’t make sense cuz you would make very little money (just slightly more than LTR) The main problem in the Smokies is the property prices have increased dramatically in the last 3-7 years. Many properties have doubled in 2-3 years. Many properties have gone up 4X in 7 years. 4X… I was looking at a cabin, it sold for $144k in 2017. Now it’s pending at $590k. Property price appreciation is the craziest I’ve seen, and that makes current buyer very hard to make money
like many investments - when people and Y Tubers were not talking about it, it was a good investment. Now that everyone has a "formula" it's over. They were late to the trend and now they justify it by saying it's a vacation home. The sunk costs of the place it's just a vanity purchase now. PS like Joshua Tree is oversaturated with keypad owners
Hey @chriswei1870's channel 👋 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 agree with your overall assessment of the market right now. 2023 is likely to be a tough year. Would point out of if you have cash you can get over 4 percent with a savings account. Might be better to park the cash and wait to buy anything.
Love these videos, thank you! ❤
🔥 I’m with you on this Mice! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thanks so much for your informative channel.
I can assure you Sean does NOT need the money he charges for his master classes….. that money is for people who truly WANT to pursue that and make that money. He would probably do them for free, but some advice and info….. you’ve just got to pay for! I have known Sean since he was a wee kid driving an old rusty Ford Bronco II. He truly has gone very far in life, and he has not taken any hand outs. He has EARNED everything he has. Can he be cocky or arrogant seeming….. for sure. But that’s cause you’re snap judging him. I recommend Shelly, that you actually LISTEN to some of his free AirBNB content…. You may learn something. In fact, I guarantee you will.
I understand your loyalty and respect but it sounds like he's slamming her and using her as click bait for his course and clearly her point that others might not be objective holds true in this case.
When she says, probably only like one person watching has the ability to pay cash. It automatically made me think of Graham. 😂
Hey Thomas 👋 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.
This is such a well made video and important for people to see.
Thank you for the video 🥰 I think it’s important to factor in the country. For example Airbnb’s in south east Asia (for example in Bali) do really well. It‘s a very different market compared to the US. ☺️
Hey Hannah 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
In London I find that most nice hotel rooms are cheaper for a night than an Airbnb. I used to find Airbnb more appealing because it was usually more affordable than a hotel room and you could rent a bigger place. I still love the idea of Airbnb but I can't justify some of the prices when there's a perfectly nice hotel room for half the price!
Hey @Meadow & Theo 👋 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.
Ok, but you are not staying in a neighborhood. You're staying in just room in a high rise in a busy city.
@James R and?
Very useful video :) Thank you Shelby ❤️❤️❤️❤️❤️
Hey Gergana 👋 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.
Love your spirit and honesty. People are always going to talk, who cares. 👍✌🥰
I stopped using air bnb because it’s way more expensive than a hotel with less amenities and it’s not always a quality stay. Hotels are consistently clean and have great amenities generally speaking. Air bnbs worked because when they are more affordable.