From $10k Expected Income to $20 - How COVID-19 Is Impacting Short Term Rentals
This month I went from $10k expected income to $20. That is right, this is a massive decrease in revenue. COVID-19 is impacting short term rentals in a very significant way in Florida. The governor recently signed in an executive order to halt all short term rentals less than 30 days for the foreseeable future.
Want to hear more about some of the things I am doing and what my portfolio looks like? Checkout the latest podcast I was interviewed on with Dante Belmonte earlier this week!
Listen to 012: Airbnb & COVID-19 with TheYoungRetireeBy33 from The Real Estate Investing Podcast with Dante Belmonte on Apple Podcasts.
https://podcasts.apple.com/us/
Florida Governor Bans Short Term Rentals In Florida - Actions I Am Taking Now With My Short Term Rentals
The Florida governor bans short term rentals in Florida. This is huge news and one of the first states where the governor has done this! Just received an email from Airbnb because my Airbnb units are all in Orlando!
Cops Called To My Airbnb Property!!!
What a wild last guest I had at Ol' Faithful! The cops were called to my Airbnb property and I would have never expected something like this to happen. Having the cops called to my Airbnb property was a great learning experience for me on how to handle the situation. The next time this happens, as I am sure it will happen again at some point, I will take the things I learned from this experience and I will become even better in how I handle it.
3 Thing I Am Doing In My Short Term Rentals To Generate Revenue
It is a very tough time in the economy we are living in today. There are 3 things I am doing in my short term rentals to generate revenue. They are outlined below with each of my properties. These are by no means the only things hosts can be doing during these tough times, but I have found them to be successful for me.