Money-Losing Airbnb Hosts Have Three Options
Even if we’re not seeing a full-on #Airbnbust, there may be good reasons for some hosts to cut their losses.
Anyone want to make a booking?
Photographer: BloombergAirbnb won't report its third quarter results until Nov. 1, but some hosts have been noticing a sharp fall in bookings over the last few months. If short-term bookings dry up, it could mean trouble for anyone relying on Airbnb income to defray the costs of owning a second home.
It’s understandable if a sudden decrease in rentals has caught hosts by surprise. For the last few years, investing in vacation rentals seemed like excellent way to earn additional income. Yes, there are loan costs and maintenance costs, and your capital is tied up in property. But mortgage rates were low and property values seemed to keep going up.