I was wondering why my guest or is it me, get charged a VA...
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I was wondering why my guest or is it me, get charged a VAT tax in Australia and there is then a service charge on top of m...
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Hello All!
My name is Tara Witherbee and I am here to hopefully connect with others who are in the Airbnb Arbitrage arena. I am very interested in getting into this line of work. My ultimate goal would be to have a fair and trusted partner to do this with. As it is, it's just me. I'm hoping to get some advice and knowledge and to understand how this line of real estate works. I would love to get the hands-on experience that this has to offer. If anyone has any advice or knowledge about where to begin or start, I would be eternally grateful. I hope you all have a Beautiful Day!
Sincerely,
Tara Witherbee
Hi @Tara993, welcome to the Airbnb Community Center.
@Tara993 In my opinion, arbitrage is a horrible idea. You are taking a huge risk with no guaranteed income. It's also extremely difficult to find a landlord/owner willing to write you a lease allowing you to sublet. You're better off buying a place than doing arbitrage.
The STR market is oversaturated in many areas, and there are no guarantees of income. I've been hosting for almost 5 years (I own the property) and this year is very slow compared to others. I'm fine with the bookings I've been getting, but if I were in an arbitrage situation, I'd be freaking out.
You're better off trying to start as a co-host and learning the STR business with its ups and downs. After you gain experience doing that, you can then decide if hosting is for you. You may also be in a different financial situation that allows you to buy rather than rent, and the arbitrage idea may fall by the wayside.
Arbitrage is extremely risky. Please keep that in mind.
Kia
And beware of any arbitrage "coaches". They are the only ones who make profit.
#NoAirbitrage
hi Tara this is a community for airbnb hosts and guests rather than to discuss the arbitrage model . @Tara993
You'd be much better renting a room in your home if you want to do STR rather than looking at arbitrage as it's a high risk business model particularly in an oversaturated market.
how would you cover the rent , taxes and all the bills if the STR didn't generate the income you would need.
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