Time for a long overdue set of Financial Updates for each of my properties! I have been investing in short term rental properties for the past almost year now (along with house hacking) and I have tried to document my journey on my Instagram account. It has been a wild time with everything going on, but it is finally time to put all the numbers out there for everyone and anyone who cares to follow.
I texted the guest who was checking in this morning to ask them when they would be arriving. The guest told me they would be arriving around 10:30. Perfect. I brewed my morning cup of coffee from home and started to write an update for you all on the facebook messages that were being sent on the HOA page last night. After two hours of working to put everything together and post it, I was in my car off to my property.
Ok, s**t is getting real! I typically don't get involved with my HOA. I pay my dues every month on time and they don't hear from me. I abide by whatever they have in place. This HOA however, has been insane to deal with. They are the only HOA in the two different resort communities I own in that are causing issues. Issues like not abiding by the law and thinking they are above the law.
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.
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.
This evening, the CEO of Airbnb had a live meeting to discuss the 4 actions airbnb is taking to support hosts. There has been a lot of backlash from hosts who are in a very rough spot since the pandemic, and many hosts are going to struggle to pay their mortgage or rent.
Had a large number of responses for this past guest I had stay! 75%!of people said I should not give Kristi a refund. For those who are getting caught up, this is what happened. This guest Kristi booked after Disney and all the parks in Orlando shut down. Her booking was after things continued to spiral out where more and more non essential businesses were shutting down.
