Hello everyone! I have a unit in Newport City, Philippines. ...
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Hello everyone! I have a unit in Newport City, Philippines. I am looking for a co host to help me manage it while I’m away. J...
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We are exploring selling our cottage. The incident with the guest shooting animals on the property has really made us stop and consider if we want to keep dealing with the uncertainty of Airbnb. I just wanted to share a few things we are finding out:
I am still undecided, but if you are considering your options too I thought I might give you some food for thought.
@Laura2592...Hi....I too am looking to sell, same time frame. I was going to offer my guests the same rates for the new location. I'm selling for other reasons, a lot of changes going on in my tiny town and I don't like it. They jacked up my sewer bill because I have 3 apts here, so instead of one bill for one grinder pump at $175.+, it's been $525.+ every quarter, which now is about the same as my property taxes. A dollar general store is snooping around to build down the rd, and the hundreds of acres across the street was sold to a developer, yep it's time to get out.
I can't get over what happened with you guys. I'm really considering a different platform, just this evening I had a guy send an inquiry, name Z Daddy, he had one review, a very good one and his name is Josh. I've had guests without a phone number or location where they're from on their profile. I've only been with ABB going on 6 yrs Aug, and man have things changed, actually just a yr or 2 after I started.
Best of luck with whatever direction you go with the sale or not.
Wait ... A guest was shooting animals on the property???
@Sammy-L-0yes. Left them in a pile in the yard, casings from a pellet gun all over the living room and porch and then complained in the review about curtains not giving him enough privacy (which oddly he removed. ) One can only wonder what he might do with more privacy....
3 years ago I rented a house for a month on ABB, the host was Kelly and the booking was done many months ahead.
We exchanged a few messages over these months. In the mean time, came along a co-host Luis, that did not engaged I the exchanges. One month prior to my stay, Kelly disappeared as the host and only Luis remained and now he was very responsive to all my questions.
then I learned that he had bought the place and he was the new owner.
in this way, he kept all the past comments, that were great, and did not have to go through the booking cancellation and rebooking. This makes perfect sence to me but i don’t know if the rules have changed since or if it is ‘ok’ as per the ABB rules.
I have been a guest for many years but a host for only a few months yet. Still learning a lot.
Talked to the realtor today. We have a free week on the calendar in early March for our own stay and maintenance. So we are listing that week. Will do an open house and take offers that Monday. If it doesn't sell quickly, well, we can open the calendar back up. I will let you know how it goes. If anyone is interested in taking a look for their own investment purposes, send me a private message!
@Laura2592 I'm sorry to hear you decided to sell, we had always a vague idea that we might spend a weekend at your cottage some time. I would expect, given your proximity to DC and the current housing market, that you will do well. Good luck.
@Mark116 thanks! You just never know what the market will hold. Interest rates will keep going up, and we have a dollar amount we need to sell it. We may get it. We may not. But the timing is right with listing/guests/our schedules. I hate to see it go. But it may not. There is no risk in seeing what kind of interest is out there.
Just thought I would update this as we learn about this process first hand. Some additional pros and cons to selling your ABB.
Pros:
Cons:
Adding this as I find things out. I am not an attorney, accountant or intermediary so please check with your professional advisors before moving ahead with any of the below. Just sharing as I thought this was really interesting.
If you are in the US and own your property as an investment, you can do something called a 1031 Exchange to avoid capital gains taxes when you sell. I had a meeting with an exchange agent today and can share some info.
So it makes sense to do this if you have another property identified as an investment. But it does not make sense to buy an investment property in a panic just to avoid taxes.