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Updated about 1 month ago on . Most recent reply

User Stats

27
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6
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Roland Charles
  • Property Manager
  • Temple Terrace, FL
6
Votes |
27
Posts

Has your AirBnB become an AirBnBust? Turn Losses into $6K Monthly!

Roland Charles
  • Property Manager
  • Temple Terrace, FL
Posted


Have you ever experienced a slump in your Airbnb bookings?

What strategies have you tried to boost your rental income?

Share your tips and stories in the comments!

  • Roland Charles
  • Most Popular Reply

    User Stats

    2,618
    Posts
    3,679
    Votes
    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    3,679
    Votes |
    2,618
    Posts
    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    Replied

    It's a bust for most people that bought between 2021 and 2023. They paid way too much, and there's not a darn thing those people can do about it except 1) Cut their losses and get out, or 2) Ride it out for a few years and see what happens. You can list your property on every platform known and it won't matter if you paid too much.  I was flashing warnings about this scenario throughout part of 2021, and all of 2022, and was mostly lampooned for my bearishness. But things can't go up forever, and whenever things went parabolic, and your Uber driver was talking about his new vacation rental, it was time to look elsewhere for profitable investments.  

    From 2008 to early 2020, there was a massive buying opportunity. Those are the people that are banking right now. That window is shut.  

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