Airbnb to move into long term rentals?

Discussion in 'Airbnb & Short Term Letting' started by geoffw, 15th Mar, 2017.

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  1. geoffw

    geoffw Moderator Staff Member

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    geoffw, 15th Mar, 2017
    #1
  2. teetotal

    teetotal Well-Known Member

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    Don't say that @geoffw
    Every new idea looks that way in the beginning. I'm sure there will be a lot of ways to make it work.
    And, i think it'll come down to who's desperate to do what.
    If someone's property is not getting rented the normal way, they'll want to give it a go.
    Similarly if someone's been out of luck trying to find a place, they'll want to give it a go too.
    So it may work.
     
    teetotal, 17th Mar, 2017
    #2
  3. geoffw

    geoffw Moderator Staff Member

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    It may work as a service to find tenants. But it would be very difficult to provide the full local service which a hands on local PM provided here in Australia.

    However PMs in other countries may well have a lower service level. I was extremely disappointed when I let out a property years ago. A lack of good inspections meant that the property had deteriorated- I don't know if that is normal.

    The business model superficially appears similar, but there's a huge difference in the implementation.
     
    geoffw, 17th Mar, 2017
    #3
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    LOve to see how tenants accept the lack of support and how arrears get managed. Airbnb cant manage ongoing rental income. Its geared for paying for a specific stay. Its like saying Uber are getting into national truck freight
     
    Paul@PAS, 17th Mar, 2017
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  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    At this point in time I don't think it will work either.
    Btw, if any guests stay longer than 1 month as a host you get paid for 1 month of stay (the day after checkin) and you get the next instalment a month later.
     
    Gockie, 17th Mar, 2017
    #5
  6. teetotal

    teetotal Well-Known Member

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    That's a good idea actually.
    There are thousands of truckies/contractors who own 1-2 trucks and still have to work for big courier companies. They'd love to uber their trucks.
    And having worked in Supply chain for much of my life, i can tell there is rarely a day when a truck is not required on a short notice.
    It can work too.
     
    teetotal, 17th Mar, 2017
    #6
  7. teetotal

    teetotal Well-Known Member

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    I'm sure if they do it, they'll optimise their structure to suit what they plan to do.
    Hence they are conducting a study only at this stage (to get same findings what we are discussing here anyway).
     
    teetotal, 17th Mar, 2017
    #7