Then pay a $175 cleaning fee to boot. It’s like, I did most of it.
VRBO
- Thread starter stateofmind
- Start date
A friend of mine rented out his house on Airbnb. He said it worked out well on longer rents but not on single nights. It was like running a hotel. He or his wife had to get over there and clean, change sheets etc.
Had a guy tell me he bought a nice house to Airbnb in pleasant Hill (isn’t that south of Altoona). And the first renter threw a kegger that that busted by the cops and trashed the place. He now rents to a different grouping and is happier.
It been about 15 years since I worked in Vacation Property Management business.
Obviously, the first question would be legality some neighborhoods restrict property rental.
The next question does the home owner want to handle management of property themselves or hire a Property Management company to handle marketing, renter interactions before/during stay, post-stay inspection, cleaning and maintenance/repairs.
With a large home it's feasible to rent out a basement and be a good experience for both renter and homeowner. It helps if there is good soundproofing between main level and basement. Sounds like a large home, so I am assuming a walk out basement entrance for the renter. Also nice if renter can have their own outdoor space.
Any reason he wants to do a VRBO instead of just a normal rental? You can make more on a VRBO but also have a lot of different people coming into your house and not all will treat it well.
VRBO is something I’d do looking for a whole place at a real destination, not Ankeny, IA. Airbnb is probably the better choice and even then, probably not worth the hassle.
For whatever reason, it honestly would turn me off that a person with a 700+k house wants to rent part of it. The price they’re asking probably wouldn’t match what I’d want to pay to share the property. I want something disconnected in that price range.
For whatever reason, it honestly would turn me off that a person with a 700+k house wants to rent part of it. The price they’re asking probably wouldn’t match what I’d want to pay to share the property. I want something disconnected in that price range.
Traditional rental was my first thought but if I had to guess the owner doesn’t want to give up the space for long term. I’m guessing they like the freedom of having it generate money when it’s convenient for them.
No joke. I'm fine with the beach condo on Dauphin Island that we've been able to skip VRBO and go straight to the owners for cheaper. But the other places we've done it, it's just been a hassle. Probably because we have young children and my wife can't pack efficiently, but that's another thread...
Just my $0.02, I think your friend would make more $ in the long term renting the extra room out as a normal month-to-month lease rather than going with AirBNB or VRBO. Other than the caucuses that happen every 4 years, I doubt there is much of a demand for short-term rentals in the metro.
If he has a 3/4 of million dollar home, why is he looking for income of this kind?
Can you PM me the adress? I'm looking for a cheap but high quality basement to film a porno.
Problem is that if you don’t live in a destination city when you want it to make money that doesn’t mean anyone will want to stay.
He'll need to look in to AirBNB to list for rent. VRBO requires a whole house (or condo/townhome).
I rented a similar basement only set up in Dubuque this year thru AirBNB. Worked out great for our 2 nt stay. Same price as a hotel but we got much more room and amenities. Separate bedroom, large family room with ping pong table, pool table, sectional, gas fireplace and a kitchen with everything you'd need. The owners weren't home so I can't speak to the noise level but doubt it'd be much of an issue.
I can't speak to what type of draw he'll get because yes, if given a choice I would prefer the whole house if I'm renting. The Dubuque trip was last minute and selection was limited.
I rented a similar basement only set up in Dubuque this year thru AirBNB. Worked out great for our 2 nt stay. Same price as a hotel but we got much more room and amenities. Separate bedroom, large family room with ping pong table, pool table, sectional, gas fireplace and a kitchen with everything you'd need. The owners weren't home so I can't speak to the noise level but doubt it'd be much of an issue.
I can't speak to what type of draw he'll get because yes, if given a choice I would prefer the whole house if I'm renting. The Dubuque trip was last minute and selection was limited.
More for fans coming in for ISU games or March Madness or whatever. Not looking to rent it out 100% of the time.
If he has a 3/4 of million dollar home, why is he looking for income of this kind.
Some people want 3 BRs in a home setting vs 3 hotel rooms. IDK, it's what he wants to do with his extra space that he rarely uses now that kids are grown.
Some people buy to impress at the high end of what they can afford. Plus his company was bought out and changed his pay structure. He loves his home and is looking at creative ways to keep it and still enjoy his home on the golf course.
I love the judgements. To each their own. I was just trying to help him explore an option.
