EP188: This Week in the World of Airbnb
Summary
This Get Paid For Your Pad episode discusses various Airbnb-related news, including the impact of Brexit on Airbnb in Britain, safety precautions, and evolving regulations. Hosts should stay informed about market trends and safety standards and be aware of potential regulatory changes in their areas.
Key Insights
- •The average UK host makes $4,000 per year (based on 36 nights).
- •Airbnb saw an 80% jump in visitors to Britain, influenced by Brexit and the decrease in the value of the pound.
Action Items
- ✓Monitor your local regulations and stay informed about changes, especially concerning short-term rental rules.Effort: lowImpact: medium
- ✓Hosts should install smoke alarms, carbon monoxide detectors, fire extinguishers and evacuation plans.Effort: lowImpact: high
Tools & Resources
- →Hostfully: Jasper is joined by Glenn Carter, Head of Marketing at Hostfully.
Common Mistakes
- ⚠Failure to adhere to safety standards, like lacking fire escapes or safety equipment, can put guests at risk.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM