wow, that's so cool. Are they paying you a salary or how will it work?? Seems so cool and easy, once you get it all set up and get the routine down. Mostly just washing sheets and towels! RIGHT??
I suggested the following payment system, knowing that it would be impossible for me to track hours when I'm literally working 3 minutes at a time all throughout the day:
-our rent stays the same (350 discount to what they would require us to pay if they continued renting both units to long-term renters) -I get paid the cleaning fees -everything they make over and above their set required income for the entire house will be split 20/80
If someone rents it for the entire month, I'd make $472 that month and basically do nothing, which would be cool.
If it's rented 80% of the time by people renting 2 nights each I'd make 1,310 that month, but I'd be doing regular cleaning and meeting/communicating with people.
It has to rent 10 nights to make the bare minimum. Plus they have to recoup furnishing costs over the year.
Yea! Keyless, I was thinking about that! But our front door is that giant weird curved wood thing with ancient locks... would that work?
Next step is to convince my primary employer that I can basically do everything from home and move to just consulting work. Then I can just garden and drink shandies in the yard with the dog(s) and bake cookies for guests.
Friends and family discounts initially! She wants to rent it for 200/night, which is steeper than most Airbnb. But she wants to do fresh flowers, bikes available, robes, slippers, etc. I'm trying to talk down the cost initially to rent it quicker until we get reviews.
I thought the place got bought? Did the offer fall through? What a cool set up though! $200 a night is a lot for a Portland AirBnB, good idea to make it cheaper initially.
Yea, I've built a big financial projections worksheet for them to show them that they'll make more money if they price it lower. And then if it gets good reviews they can bump it and up the available services.
Sale fell through a few weeks ago and then I suggested the vacation rental idea.
At our AirBNB in Maui, he'd installed a keyless entry screen door in front of the main door, and the keys to the main door were inside the house. So the main door was unlocked when you arrived and you just punched a code into the screen door.
It should be ready for photographing by month's end! I'll post the listing when it's live. Sadly I am not outfitting the place and I DO NOT love what is happening to it. But what can you do?
Apparently AirBNB has a robust forum of renters giving each other advice on "best practices" so you could maybe grab some persuasive info from there to get them on the right track?
Comments
my to-do list is horrible. It's separated into five sub-categories:
- work
- scholarship
- moving away
- fun
- buy
I'm trying to arrange it in order of priority in each category but it's not working.
The coolest thing on there is probably either "figure out how to migrate my TIAA-CREF account" or "buy a snoopy coat"
-make cake(s)
-celebrate Mike
-stalk every goodwill to replace the baseball gloves that got moldy in our garage
2ND JOB
-figure out how to make money running the upstairs as a vacation rental
-do it
LIFE
-recover from fall down the stairs
-family time
-convince Mike to get a second dog
-go hang out at the pottery studio
you could make a KILLING airbnb'ing that upstairs joint!! wow
Seems so cool and easy, once you get it all set up and get the routine down. Mostly just washing sheets and towels! RIGHT??
I suggested the following payment system, knowing that it would be impossible for me to track hours when I'm literally working 3 minutes at a time all throughout the day:
-our rent stays the same (350 discount to what they would require us to pay if they continued renting both units to long-term renters)
-I get paid the cleaning fees
-everything they make over and above their set required income for the entire house will be split 20/80
If someone rents it for the entire month, I'd make $472 that month and basically do nothing, which would be cool.
If it's rented 80% of the time by people renting 2 nights each I'd make 1,310 that month, but I'd be doing regular cleaning and meeting/communicating with people.
It has to rent 10 nights to make the bare minimum. Plus they have to recoup furnishing costs over the year.
WE'LL SEE!
I could see my parents renting it for a few months every year
Next step is to convince my primary employer that I can basically do everything from home and move to just consulting work. Then I can just garden and drink shandies in the yard with the dog(s) and bake cookies for guests.
Friends and family discounts initially! She wants to rent it for 200/night, which is steeper than most Airbnb. But she wants to do fresh flowers, bikes available, robes, slippers, etc. I'm trying to talk down the cost initially to rent it quicker until we get reviews.
Sale fell through a few weeks ago and then I suggested the vacation rental idea.