Stretching your vacation dollar by listing your house on AirBnB while on vacation.

[ranman1973]

Has anybody else done this or thought about doing it? I figure I'm not going to be using my house, so why not list it on AirBnB and see if I can rent it. I'll be happy if I can help offset my cost by $1000 or so, so I'm giving it a try.

 

[a1tinkfans]

wow, thats gutsy...id never let people into my home for their use ...

good luck
hope youll let us know you did.......

 

[java]

Yes thanks but no thanks! That takes an awful lot of trust! Or else a really big heavy safe. Good luck.

Do you live in a touristy area?

 

[JessB320]

I would be a no as well lol, sounds like a lot of prep work- and what to you do with all your personal or valuable stuff?!?

 

[Marionnette]

Has anybody else done this or thought about doing it? I figure I'm not going to be using my house, so why not list it on AirBnB and see if I can rent it. I'll be happy if I can help offset my cost by $1000 or so, so I'm giving it a try.

Absolutely not!

There are too many personal items that would need to be placed in storage to make my house into a furnished rental home. There's no way that I would go through all of that for a week away.

Now, I might consider it if I was a snowbird and I was gone for months at a time. But I'm sure that there are probably some sort of local zoning laws that would prevent me from doing it. I live in the suburbs. You can't sneeze without a permit around here!

 

[eliza61]

Has anybody else done this or thought about doing it? I figure I'm not going to be using my house, so why not list it on AirBnB and see if I can rent it. I'll be happy if I can help offset my cost by $1000 or so, so I'm giving it a try.

Hey my brother did this but not for vacation. He lives near Charlotte NC and when the Democratic national convention was held there he rented out his house. can't say I blame him. He got $3000 bucks for 4 nights.

I'm hoping some one has a convention in my town.

 

[gillenkl]

Never would I consider doing this!

 

[eliza61]

truthfully guys many people do this at the Jersey shore. summer time is prime rental time and if you have a house on beach block, you can get up to 2K per week.

Yeah if I could make 8-10K on my house a month for 3 months. Hasta lavista baby

 

[Marionnette]

truthfully guys many people do this at the Jersey shore. summer time is prime rental time and if you have a house on beach block, you can get up to 2K per week.

Yeah if I could make 8-10K on my house a month for 3 months. Hasta lavista baby

Most of those people purchase those homes with the intention of renting them out. Not many of them actually live in those houses.

BTW, if you know of someone who is renting a beach-block vacation home for $2K during prime season at the Jersey Shore, I'd like to know where it is. With so much damage on the northern shores, rental prices on the southern shores have gone through the roof! I was looking at a 3-bedroom condo beach-block condo on vrbo. The rates weren't listed so I emailed the owner. She got back to me very quickly....$3400 for the week!

 

[eliza61]

Most of those people purchase those homes with the intention of renting them out. Not many of them actually live in those houses.

BTW, if you know of someone who is renting a beach-block vacation home for $2K during prime season at the Jersey Shore, I'd like to know where it is. With so much damage on the northern shores, rental prices on the southern shores have gone through the roof! I was looking at a 3-bedroom condo beach-block condo on vrbo. The rates weren't listed so I emailed the owner. She got back to me very quickly....$3400 for the week!

ouch!! I was wondering if the cost were going to go up this summer especially on OC NJ, wildwood and Cape may. they escape most of the damage.

We got a nice one in OC last year early June for 2200.

 

[ranman1973]

Thanks for all the great responses. I live in a fairly touristy area - Victoria BC, Canada. I will keep you posted on how things go. Not sure if I'll get it rented in 5 weeks or not but I'm keeping my fingers crossed that it does.

 

[scrapbooksellman]

I would be leary of renting too. But we did use airbnb to rent places to stay on our European vacation last year. It worked great for us to stay in local homes.

 

[girli565]

We stayed in a rental house (listed like a normal rental house, not a personal home that was rented out periodicaly) when we went to seabring FL for a 2-week vacay. It was listed as a rental house but when we got there it seemed like there were personal belongings everywhere. And there was even a closet that had non-perishable food and some personal items that was left open and should have been locked. We contacted the management company and the next day they came in with a person (we later found out it was the home owner and they came through and picked up everything and locked it up again) the management co apologized to us profusely and even gave us a partial refund for the inconvenience. I guess the people had rented us their house for the 2-week period and were staying elsewhere, locally, at the time. It was weird.

 

[DawnM]

When are from Pasadena, CA. We had friends who would rent out their houses during the Rose Bowl/Parade.

I would never consider it. We have pets who would need to come with us or be boarded and it is far easier to have the neighbor look after our pets and leave them home.

Then there are personal belongings, of which I don't need people going through.

If I owned a vacation condo or home that I bought to only use for renting out and/or a few weeks per year of my personal use, sure......

Dawn

 

[dis-happy]

We don't rent out our beach condo...it's not as cut and dried as you'd think. First, there are taxes to be paid on rental income, second (even bigger) is the insurance issue and liability. Are you letting your insurance company know you are renting out your home? What if there is a fire or injury and nothing is covered due to lack of disclosure?

In our case (second home) we'd also have to be careful of being switched from personal residence category to business/investment property. In the second case the primary homeowner is basically only allowed 2 weeks in the propery each year (unless making repairs). And the taxes are assessed differently if the priority is ever sold.