EP190: This Week in the World of Airbnb
Summary
This episode of Get Paid for Your Pad discusses several Airbnb-related topics. These include a new startup called Loftium, which helps aspiring homeowners with down payments in exchange for Airbnb hosting, the upcoming mandatory host registration in Paris, and a host's experience falling in love with a guest. Hosts should stay informed about regulatory changes and consider the financial implications of hosting, such as tax deductions and cleaning services.
Key Insights
- •The mandatory registration for Airbnb hosts in Paris opens on October 2nd, aimed at curbing the city's housing shortage. Rules limit homeowners to rentals of 120 days/year. Similar policies are in place in San Francisco.
- •Loftium is a Seattle-based startup providing up to $50K for a down payment in exchange for hosting a spare room on Airbnb for 12-36 months, with strict guidelines (only eight ‘freebie’ days/year).
Action Items
- ✓Consider hiring a cleaning service to maximize bookings and revenue.Effort: mediumImpact: medium
- ✓Hosts should contact their CPA for accurate information regarding Airbnb deductions.Effort: lowImpact: medium
Tools & Resources
- →Loftium: The article mentions Loftium.
- →Shared Economy CPA: Shared Economy CPA specializes in Airbnb.
Watch Out For
- ⚠Hosts in Paris need to register to comply with regulations, or they may face penalties.
Related News
Homeowner with shark on roof can't use as Airbnb… but neighbour netting fortune - thesun.co.uk
A homeowner with an unusual listing feature (a shark on their roof) cannot use their property as an Airbnb, while a neighbor is apparently successful. This situation highlights the importance of understanding local regulations and their impact on listing eligibility. Hosts should carefully consider how their property's features might affect their ability to operate an STR.
Lisbon relaxes rules for short term rentals - TravelMole
Lisbon has relaxed its short-term rental regulations. Hosts in Lisbon should review the new rules to ensure compliance and understand any changes to operating requirements.
Some short-term rental owners hit with criminal charges as Santa Fe County ramps up enforcement - Santa Fe New Mexican
Santa Fe County is increasing enforcement of short-term rental regulations, resulting in criminal charges for some owners. Hosts in Santa Fe County should ensure they are in compliance with all local regulations to avoid legal issues.
Buellton delays motel short-term rental ordinance, awaits state guidance - Santa Maria Times
The city of Buellton is delaying the implementation of a short-term rental ordinance for motels, pending guidance from the state. Hosts in Buellton should stay informed of local regulations as they evolve.