Think about the insurance cost alone. If you can even find insurance in some locations.. I believe just the insurance issue is truly effecting the housing. Then you figure people bought a second home for an extra income.
The fees charged by companies like VRBO and AirB&B are getting to be ridiculous. The fees are sometimes more than the rental itself. We’ve rented some nice places this way and always clean up after ourselves: trash dishes etc but the growing chore lists on checkout are also getting out of hand. Many are returning to hotels instead.
We own an Airbnb 14’x75’ remodeled trailer in SC and we were getting a lot of renters when we started in August 2024 but its slacked off a little this year. I heard that people were boycotting Airbnb because of the CEO supporting Trump. The rental we bought at a tax auction about 9-10 years ago for $1700. We had yearly/monthly renters in it until some renters missed it up really bad and stopped paying rent and had to evict them. Extra people were leaving there and doing drugs too. Took us 1.5 years to remodel the thing when we got the money and time to work on it. We spent $14,000 on fixing it up and its really nice now. We get compliments on it. I decided not to charge a cleaning fee which I was just charging $30 because we cleaned it ourselves. We charge only $100 a night for a 2 bedroom, 2 bath trailer.
Think about the insurance cost alone. If you can even find insurance in some locations.. I believe just the insurance issue is truly effecting the housing. Then you figure people bought a second home for an extra income.
The fees charged by companies like VRBO and AirB&B are getting to be ridiculous. The fees are sometimes more than the rental itself. We’ve rented some nice places this way and always clean up after ourselves: trash dishes etc but the growing chore lists on checkout are also getting out of hand. Many are returning to hotels instead.
We own an Airbnb 14’x75’ remodeled trailer in SC and we were getting a lot of renters when we started in August 2024 but its slacked off a little this year. I heard that people were boycotting Airbnb because of the CEO supporting Trump. The rental we bought at a tax auction about 9-10 years ago for $1700. We had yearly/monthly renters in it until some renters missed it up really bad and stopped paying rent and had to evict them. Extra people were leaving there and doing drugs too. Took us 1.5 years to remodel the thing when we got the money and time to work on it. We spent $14,000 on fixing it up and its really nice now. We get compliments on it. I decided not to charge a cleaning fee which I was just charging $30 because we cleaned it ourselves. We charge only $100 a night for a 2 bedroom, 2 bath trailer.