- Why (& How) You Should Airbnb Your Home When You Travel by Travel is Free. Definitely something people should at the very least consider, it’s not for everybody but it can help to offset the fees involved.
- Sears Went Into Bankruptcy—but Its Lavish Rewards Program Won’t Quit by WSJ
- Walmart Says Card Program Has Helped Customers Save $2B by PYMNTS. I think it’s telling how misleading that $2b number is, people haven’t saved $2b and they don’t have $2b in funds saved. The $2b figure is just the total amount that has gone through MoneyVault.
- The First Casualty Of LoungeBuddy’s Purchase By American Express by YMMV. TripIt Pro is losing the $25 credit on April 15th, 2019.
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If you are renting yourself it is very likely that you are not permitted by your rental agreement to engage with renting your house on AirBnB while you are away.
Your home owner’s insurance probably does not cover anything related to using your house as a rental, unless you have specific insurance. AirBnB might offer there own insurance, be sure you are covered.
AirBnB will send a 1099 income tax form for all rental income. Make sure to document your business expenses and treat this like a real business for tax purposes. It is a real business, not free money.
“Everyone should do this!” simply put, that would send prices into the dirt. It is clearly best if ONLY A FEW people make their home available on AirBnB.
A friend actually rents out a room year round in my small nothing special suburb. He makes about 6000 per year from the room. He has found dirty dishes & cooking messes, and one time a renter was caught looking into off limits spaces. No real problems though.
AirBnB article was insightful and a great idea.
Rewards program may not quit, but my last visit it was like a VR walk-through of a documentary on stores in the 1980s USSR, sparsely filled shelves – just minus the throngs of people.
Airbnb is a business and not a free money source — its like claiming everyone should just invest in real estate because 5x leverage, management company does all renting work and you just collect an above market return. The last thing I want when I’m on vacation is a stream of people rolling through my house, texting/calling with questions, and me praying a $10 deadbolt (lol watch a youtube lockpicking video) protecting all my stuff. I won’t deny 95% of the guests will be fine, the 5% are the problem. If it’s so easy, buy a second house and do it year round — why wait for just your vacations?
Some people don’t have the capital to get another house. I know there is an amazon seller who Air BNB his house when he is on vacation but he probably pays someone to watch over the house while he is traveling also. You can sit up ID checks and verification process before you even get an Air BNB.
Yeah and it’s assuming
1) Short term rentals are even legal in your jurisdiction.
2) Your lease or HoA allows short term rentals
3) you’re living in an area that can rent for thousands a week.
The odds of all those are very slim for the average person.
Not to mention you have to have furniture/amenities nice enough that someone wants to pay to rent, you have to have a clean house, and somewhere to board your pets. None of those are free.
Title says “won’t quite” instead of “quit” for Sears article