EP163: A Hostfully Host in Venice Beach

over 8 years agoVenice Beach, CAScore: 78

Hosting Operations

Guest Communication

Cleaning Systems

Problem Guests

Local Regulations

Revenue Management

Summary

This podcast episode discusses a host's experience with a bed bug infestation in their Venice Beach Airbnb and provides advice on prevention and handling such situations. It also covers property investment strategies and revenue management, including tips on preventing infestations, choosing locations, and using tools for predicting returns. Hosts should be proactive in preventing bed bug infestations, research local regulations, and utilize available revenue management tools.

Key Insights

•The host in Venice Beach had to cancel one week of reservations due to a bed bug infestation, but incurred no other penalties from Airbnb.
•US mortgage rates are currently low, making it a potentially good time to buy property for Airbnb.
•Tools like AirDNA, Everbooked, and Mashvisor can be used to predict returns on property investments.

Action Items

✓
Send information to guests about bed bug prevention, such as not putting luggage on beds.
Effort: low
Impact: medium
✓
Implement preventative measures to avoid bed bug infestations such as providing luggage racks, thoroughly vacuuming, and checking the bed frame/mattress after each guest.
Effort: medium
Impact: medium
✓
Research regulations in place and anticipate changes, especially in major cities like Paris, London, and San Francisco.
Effort: medium
Impact: high

Tools & Resources

→
Get Paid for Your Pad: How to Maximize Profit From Your Airbnb Listing: The podcast references Get Paid for Your Pad: How to Maximize Profit From Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia
→
AirDNA: AirDNA, Everbooked, and Mashvisor are mentioned as tools.

Watch Out For

⚠Failing to research and stay up-to-date with local regulations could lead to penalties.