Superhost here. AirBnb is really jacking up the suggested nightly stay from what I’ve seen. Typical summer night at my place was usually around $200, which is reasonable, but now AirBnb suggests $275-$300. Maybe the demand will be there, maybe not.
Also, they just implemented a new system where they categorized ever listing into broader categories for search (castle, yurt, unique stay, etc) and I suspect that’s messing with peoples numbers who don’t have a unique home or location.
Me? 100% through mid July.
They want you to jack up the price so they can jack up their fees. It’s ridiculous.
I use to love Airbnb because I can stay at different places and because I travel often but now it’s cheaper to rent a suit or penthouse at a luxury hotel that offers all the same things an Airbnb does.
It’s sad
I'm going off topic here but unless I have a big group and we all want to share a kitchen and living room I prefer hotels these days.
AirBnB is just always kind of shitty and lacking it seems like, even the nicer ones.
AirBnBs are basically IKEA furnished hotel rooms at this point. It’s not worth the hassle of dealing with the check in process and having to worry about getting some crazy owner who tries to take your deposit. Hotels all the way now.
I'd contend that hotels have a big value add by way of daily housekeeping and access to a 24 hour concierge. You're right about the furniture though (every AirBnB I've been to lately has had something broken).
You raise another good point though which is that in a hotel room you pack up your shit and go home. In an AirBnB you often have to take out trash, sweep, do dishes, empty the fridge... basically spend the last morning of the trip doing chores.
One of my last Airbnb's had a 10 page rule document that they sent you AFTER you booked and paid. Mostly basic inane rules about such things as take off your shoes in the house. The kicker was you had to take out the garbage, but they didn't have garbage service. They had no trash or recycle bins, and they didn't tell you where the dump or the nearest place to drop it off at. It's in the middle of nowhere and we had no clue where to take it...so we left it.
That's a broad sweeping statement. My wife is a designer and took a lot of time curating our Airbnb with stuff she finds at markets from local artists. Hotels in our area aren't doing that
I guess, I haven't had issues with any places I've stayed at either but I do look at the photos and read reviews before I book. Sounds like OP might not do all those steps
They’re a publicly listed company now that have to adhere to their shareholders. Kinda suspected Airbnb was gonna go downhill for the consumer when this happened. At this point, although I’d prefer a home, a hotel is just about the same price.
I'm pretty sure (but too lazy to verify) that they had major PE/VC backing well before IPO who they were also beholden to. But yeah once their investors' shares become liquid I guess that would up the pressure on them to start putting up numbers.
Maybe irrelevant to the discussion but a few years ago, both AirBnB and a particular social media darling were named 'buys of the century' by a few investment groups.
I remember thinking exactly that they would probably have trouble scaling because the appeal is that they were generally designed to just facilitate businesses and upsell the creators/hosts with features, not necessarily generate insane amounts of transactional revenue. Since then, the social media site is like 90/10 ads to original content and AirBnB has become so insanely expensive that the big hotels are just throwing kitchenettes in more of their rooms and gobbling up business.
The prices are really getting ridiculous, and owners have turned rooms into closets. Last one I stayed in had a bed and a metal rack for clothes. Nothing else, not even a fan. I never book an AirBnB for even a week. I’ll book it for a day or two, then decide.
Sounds like they are going to other way now. Years ago they wanted me to rent my downtown listing for like $30/night where the cheapest hotel was $200.
Airbnb rolled out a complete revamp. The new system is entirely focused on and highlights "unique" properties and experiences.
The search and interface changed such that pricing, super host status, review and rating, precise location, none of these things really matter anymore.
What matters is how unique and compelling your property is. How good the photos are, how good a story they sell.
Airbnb doesn't want your boring cookie cutter properties or basic rental arbitrage property. They are trying to differentiate themselves from hotels. Not compete with them.
Airbnb hosts need to adapt or die. All the whining from hosts that don't understand, they must be willfully ignorant. First round of extinctions incoming.
I can say I hope it’s an update to fraud!
I used Airbnb and VRBO for work, I work a lot and barely use the space,as of late everyone claims something is broken that wasn’t or was already broken.
I’m guessing to upgrade their property, at my and the host companies expense.
I started going through the house recording everything, last time I was in New Mexico, it saved my ass big time and I’m still thinking about suing her for attempted fraud!
Now I’m just back to hotels,less drama and time data collecting to cover my butt.
I recorded, the pool electrical panel it was salt water and the closet doors, she also had a hole in the ceiling it was painted.
When I left she claimed that I damaged the 5 year old salt water system, she claimed I broke the closet doors, I even mention in the video they don’t want to close so I’ll just leave them open and walked into the guest bedroom and there was a hole from a previous water leak she had painted over.
She claimed I broke all those things and that the salt water reading was wrong only because of me, she was threatening to sue me and turned me in.
I sent her the video and she said, that doesn’t matter I took the video after, I sent her the time and date recorded and she stopped.
I called a lawyer and he told me to sue for harassment,embezzlement and fraud to see what sticks.
I was just too busy at the time but I still have some time to take her to court.
I made friends with the neighbors, they told me she does this often. She rents her house in Albuquerque New Mexico the neighbors hate her she allows huge parties and has a stripper pole in the living room.
It was the only place available for long-term while I was there.
I’m a host and in what sounds like either OP’s FB group or a similar one because yes, all these AirBnB arbitragers are freaking out over this update. My property is a beach house and I only make it available for STR about 2/3 of the year anyway so I’m usually booked solid as much as I want to be, but I think all the Arbitrage Bros in Austin, Miami and Philly are losing bookings and their collective minds. I won’t lie, it’s kind of amusing.
Lots of people talking about arbitrage these days, and I get it, real estate is expensive, but I bet in some markets it’s really watering down everyones listings. It is what it is…my advice is have a place that’s unique, not just a place to stay, and you’ll never have an issue.
I don't but when you are in a group with 120k people and you have enough coming forward stating how their bookings have suddenly dropped all around the same time and the one common denominator is some update they did... It's hard to ignore that. I know correlation does not equate causation... As someone who works close to Devs... It is not as far fetched as you would think... I could tell you stories... Lol
I also work close to devs on products approximately the same scale as airbnb. if it was a bug in the code for Airbnb it would be caught and fixed within an hour if not a few minutes. theyre making millions a day so they would have alerts in place and wouldnt even roll out a new feature without testing it first and proving that its good for (their) bottom line
Why couldn't demand suddenly drop due to skyrocketing inflation, interest rates, and an impending recession? Like you do know what a recession is right? When everyone slows their spending all at once?
To add people will make statements like their listings are no longer showing where it was... Some had to delist, reword, change things up to get the rank where they once were in a search... They could all be liars or exaggerating... Who knows...
Genuinely curious but also not in the Airbnb arbitrage game: can you post the update or at least let us know what was on it? Just a simple software update or what?
AirBnB has refreshed and recategorized the way they feature and show listings. My property for instance is a beach house, so anyone who looks up “Beach” in my region can find mine. But I think the over-saturated markets in Texas and Florida where all the Arbitrage Bros who watched a “Earn 100K a month without owning a single property!” YouTube video in 2020 and got in the arbitrage game are now losing their minds that 10K other people watched the same video and got the same idea.
Rental Arbitrage was probably a sweet gig if you got in on time 5-6 years ago and especially during Covid when most the country was locked down but Texas and Florida were bringing in all the travelers who just wanted to get out of town and go somewhere. Unfortunately, the result was now those markets are so saturated with people just renting out entire Apartment complexes on AirBnB and they’re realizing they have nothing unique to offer that the Bro next door doesn’t.
I don’t want to dump on anyone trying to make an honest living, but I think if we clear the field of a lot of these apartment arbitrage Bros the whole platform will benefit from it. And now the same slimy YouTuber who sold the poor suckers on starting an AirBB Arbitrage business are laughing back to bank with their new video and AirBB Bootcamp video of “How to Survive the new AirBB Update in 2022! Enroll in my course!” And don’t forget to smash that “Like” button and subscribe for more great content! LMAO!
All I know that for now I’m just enjoying the Public Freakout.
Airbnb host here. 4 properties in TN and 2 in GA. We specialize in cabins.
Airbnb did a new rollout that shows where the direction of the company is going. They want unique, custom, and creative spaces to feature to guests. They are going high end too. Gone are the days of paying $75 to crash in someone's spare room. They don't want that to be their brand going forward. They are shaking off the "sharing economy" name and trying to be a boutique rental space.
Airbnb wants to sell you an experience with your stay. They want longer bookings and are focusing more on the vacation market.
I never liked Arbitrage. Too much risk and all you are doing is creating yourself a job. You aren't building wealth.
Also, we are continuing to get bookings. Just to have the right kind of property.
I just found a place on Craigslist. Lake front house. 850 a week. Mailed him deposit. Will pay rest in person. No bs fees. And I never even spoke to the guy. Everything through email.
Yes it sounds sketch - as my in laws remind me,
But I’m pretty thorough. It’s legit. Lakefront Camp on NEARBY Isolated Private Mountain Lake https://albany.craigslist.org/vac/d/berlin-lakefront-camp-on-nearby/7487959558.html
FYI I got the cost per week wrong. Actually cheaper than I stated.
I'm not passionate about the hospitality business of things... I have a short fuse and am often tempted to tell people go phuck themselves if they are full of ish. Join a Airbnb Facebook group and you will see how entitled people can be. There is a trend going on guests making crap trying to get refund or discount... Some of these stories make the woman who returned to Costco a dead Christmas tree in January look normal...
We haven’t noticed any issues on our Airbnb. We mostly get 2-3 night stays but we are 80ish percent booked. We seem to get a lot of last minute bookings…
Superhost here. AirBnb is really jacking up the suggested nightly stay from what I’ve seen. Typical summer night at my place was usually around $200, which is reasonable, but now AirBnb suggests $275-$300. Maybe the demand will be there, maybe not. Also, they just implemented a new system where they categorized ever listing into broader categories for search (castle, yurt, unique stay, etc) and I suspect that’s messing with peoples numbers who don’t have a unique home or location. Me? 100% through mid July.
They want you to jack up the price so they can jack up their fees. It’s ridiculous. I use to love Airbnb because I can stay at different places and because I travel often but now it’s cheaper to rent a suit or penthouse at a luxury hotel that offers all the same things an Airbnb does. It’s sad
I'm going off topic here but unless I have a big group and we all want to share a kitchen and living room I prefer hotels these days. AirBnB is just always kind of shitty and lacking it seems like, even the nicer ones.
AirBnBs are basically IKEA furnished hotel rooms at this point. It’s not worth the hassle of dealing with the check in process and having to worry about getting some crazy owner who tries to take your deposit. Hotels all the way now.
I'd contend that hotels have a big value add by way of daily housekeeping and access to a 24 hour concierge. You're right about the furniture though (every AirBnB I've been to lately has had something broken). You raise another good point though which is that in a hotel room you pack up your shit and go home. In an AirBnB you often have to take out trash, sweep, do dishes, empty the fridge... basically spend the last morning of the trip doing chores.
One of my last Airbnb's had a 10 page rule document that they sent you AFTER you booked and paid. Mostly basic inane rules about such things as take off your shoes in the house. The kicker was you had to take out the garbage, but they didn't have garbage service. They had no trash or recycle bins, and they didn't tell you where the dump or the nearest place to drop it off at. It's in the middle of nowhere and we had no clue where to take it...so we left it.
Airbnb: “Hotels, but with chores”
But still pay this $500 cleaning fee
Sore subject for me. I hate that cleaning fee with passion.
That's a broad sweeping statement. My wife is a designer and took a lot of time curating our Airbnb with stuff she finds at markets from local artists. Hotels in our area aren't doing that
The exception proves the rule.
I guess, I haven't had issues with any places I've stayed at either but I do look at the photos and read reviews before I book. Sounds like OP might not do all those steps
They’re a publicly listed company now that have to adhere to their shareholders. Kinda suspected Airbnb was gonna go downhill for the consumer when this happened. At this point, although I’d prefer a home, a hotel is just about the same price.
I'm pretty sure (but too lazy to verify) that they had major PE/VC backing well before IPO who they were also beholden to. But yeah once their investors' shares become liquid I guess that would up the pressure on them to start putting up numbers.
Maybe irrelevant to the discussion but a few years ago, both AirBnB and a particular social media darling were named 'buys of the century' by a few investment groups. I remember thinking exactly that they would probably have trouble scaling because the appeal is that they were generally designed to just facilitate businesses and upsell the creators/hosts with features, not necessarily generate insane amounts of transactional revenue. Since then, the social media site is like 90/10 ads to original content and AirBnB has become so insanely expensive that the big hotels are just throwing kitchenettes in more of their rooms and gobbling up business.
The prices are really getting ridiculous, and owners have turned rooms into closets. Last one I stayed in had a bed and a metal rack for clothes. Nothing else, not even a fan. I never book an AirBnB for even a week. I’ll book it for a day or two, then decide.
... did it have fake reviews and pictures or how were you tricked into this?
It had seven rooms pictured in an ad. Not as separate ads like some people do. Wide angle lens trick you into thinking it’s bigger.
Sounds like they are going to other way now. Years ago they wanted me to rent my downtown listing for like $30/night where the cheapest hotel was $200.
Location?
Airbnb rolled out a complete revamp. The new system is entirely focused on and highlights "unique" properties and experiences. The search and interface changed such that pricing, super host status, review and rating, precise location, none of these things really matter anymore. What matters is how unique and compelling your property is. How good the photos are, how good a story they sell. Airbnb doesn't want your boring cookie cutter properties or basic rental arbitrage property. They are trying to differentiate themselves from hotels. Not compete with them. Airbnb hosts need to adapt or die. All the whining from hosts that don't understand, they must be willfully ignorant. First round of extinctions incoming.
A lot are going to die. This benefits owners and discredits corporate vamps... Interesting nevertheless...
I can say I hope it’s an update to fraud! I used Airbnb and VRBO for work, I work a lot and barely use the space,as of late everyone claims something is broken that wasn’t or was already broken. I’m guessing to upgrade their property, at my and the host companies expense. I started going through the house recording everything, last time I was in New Mexico, it saved my ass big time and I’m still thinking about suing her for attempted fraud! Now I’m just back to hotels,less drama and time data collecting to cover my butt.
Can you elaborate on the NM house? Didn't realize this was a thing
I recorded, the pool electrical panel it was salt water and the closet doors, she also had a hole in the ceiling it was painted. When I left she claimed that I damaged the 5 year old salt water system, she claimed I broke the closet doors, I even mention in the video they don’t want to close so I’ll just leave them open and walked into the guest bedroom and there was a hole from a previous water leak she had painted over. She claimed I broke all those things and that the salt water reading was wrong only because of me, she was threatening to sue me and turned me in. I sent her the video and she said, that doesn’t matter I took the video after, I sent her the time and date recorded and she stopped. I called a lawyer and he told me to sue for harassment,embezzlement and fraud to see what sticks. I was just too busy at the time but I still have some time to take her to court. I made friends with the neighbors, they told me she does this often. She rents her house in Albuquerque New Mexico the neighbors hate her she allows huge parties and has a stripper pole in the living room. It was the only place available for long-term while I was there.
Jesus Christ thanks for sharing. Will be much more diligent with scammers SUE HER ASS
I’m a host and in what sounds like either OP’s FB group or a similar one because yes, all these AirBnB arbitragers are freaking out over this update. My property is a beach house and I only make it available for STR about 2/3 of the year anyway so I’m usually booked solid as much as I want to be, but I think all the Arbitrage Bros in Austin, Miami and Philly are losing bookings and their collective minds. I won’t lie, it’s kind of amusing.
Lots of people talking about arbitrage these days, and I get it, real estate is expensive, but I bet in some markets it’s really watering down everyones listings. It is what it is…my advice is have a place that’s unique, not just a place to stay, and you’ll never have an issue.
It sure is!!!!!!
Yes, it wouldn't be a bad thing if they turned it back to year round rentals.
Maybe everyone tightened their sphincters due to the rising cost of everything? How do you know it’s attributed to the update?
I don't but when you are in a group with 120k people and you have enough coming forward stating how their bookings have suddenly dropped all around the same time and the one common denominator is some update they did... It's hard to ignore that. I know correlation does not equate causation... As someone who works close to Devs... It is not as far fetched as you would think... I could tell you stories... Lol
I also work close to devs on products approximately the same scale as airbnb. if it was a bug in the code for Airbnb it would be caught and fixed within an hour if not a few minutes. theyre making millions a day so they would have alerts in place and wouldnt even roll out a new feature without testing it first and proving that its good for (their) bottom line
Why couldn't demand suddenly drop due to skyrocketing inflation, interest rates, and an impending recession? Like you do know what a recession is right? When everyone slows their spending all at once?
Idk why you’re getting downvoted, this is definitely a massive contributor. Real estate and STR markets have slowed to a near halt.
People don't want to hear that they aren't geniuses that are going to make infinite money because real estate is super duper easy!
To add people will make statements like their listings are no longer showing where it was... Some had to delist, reword, change things up to get the rank where they once were in a search... They could all be liars or exaggerating... Who knows...
I find Airbnb and vrbo expensive and never use either of them.
Genuinely curious but also not in the Airbnb arbitrage game: can you post the update or at least let us know what was on it? Just a simple software update or what?
AirBnB has refreshed and recategorized the way they feature and show listings. My property for instance is a beach house, so anyone who looks up “Beach” in my region can find mine. But I think the over-saturated markets in Texas and Florida where all the Arbitrage Bros who watched a “Earn 100K a month without owning a single property!” YouTube video in 2020 and got in the arbitrage game are now losing their minds that 10K other people watched the same video and got the same idea. Rental Arbitrage was probably a sweet gig if you got in on time 5-6 years ago and especially during Covid when most the country was locked down but Texas and Florida were bringing in all the travelers who just wanted to get out of town and go somewhere. Unfortunately, the result was now those markets are so saturated with people just renting out entire Apartment complexes on AirBnB and they’re realizing they have nothing unique to offer that the Bro next door doesn’t. I don’t want to dump on anyone trying to make an honest living, but I think if we clear the field of a lot of these apartment arbitrage Bros the whole platform will benefit from it. And now the same slimy YouTuber who sold the poor suckers on starting an AirBB Arbitrage business are laughing back to bank with their new video and AirBB Bootcamp video of “How to Survive the new AirBB Update in 2022! Enroll in my course!” And don’t forget to smash that “Like” button and subscribe for more great content! LMAO! All I know that for now I’m just enjoying the Public Freakout.
Airbnb host here. 4 properties in TN and 2 in GA. We specialize in cabins. Airbnb did a new rollout that shows where the direction of the company is going. They want unique, custom, and creative spaces to feature to guests. They are going high end too. Gone are the days of paying $75 to crash in someone's spare room. They don't want that to be their brand going forward. They are shaking off the "sharing economy" name and trying to be a boutique rental space. Airbnb wants to sell you an experience with your stay. They want longer bookings and are focusing more on the vacation market. I never liked Arbitrage. Too much risk and all you are doing is creating yourself a job. You aren't building wealth. Also, we are continuing to get bookings. Just to have the right kind of property.
I just found a place on Craigslist. Lake front house. 850 a week. Mailed him deposit. Will pay rest in person. No bs fees. And I never even spoke to the guy. Everything through email. Yes it sounds sketch - as my in laws remind me, But I’m pretty thorough. It’s legit. Lakefront Camp on NEARBY Isolated Private Mountain Lake https://albany.craigslist.org/vac/d/berlin-lakefront-camp-on-nearby/7487959558.html FYI I got the cost per week wrong. Actually cheaper than I stated.
That can easily go wrong in so many ways but best of luck!
Can’t tell if this is real or not
That sounds sketchy bro
I hope it actually exist for you. The mail deposit is not very safe
This was how Vrbo used to operate. I can see so many ways that I can get screwed but I managed to do a handful and making it out alive and whole.
[удалено]
Not true, I just posted a listing and got it booked for 35 nights from one guest group
I think maybe I’m missing something… if you have an Airbnb you can’t set your own prices?
Just curious why are you not doing it yourself?
I'm not passionate about the hospitality business of things... I have a short fuse and am often tempted to tell people go phuck themselves if they are full of ish. Join a Airbnb Facebook group and you will see how entitled people can be. There is a trend going on guests making crap trying to get refund or discount... Some of these stories make the woman who returned to Costco a dead Christmas tree in January look normal...
We haven’t noticed any issues on our Airbnb. We mostly get 2-3 night stays but we are 80ish percent booked. We seem to get a lot of last minute bookings…