Host Edition: Hosts Discuss Declining Revenue and Changing Strategies In The Airbnb Market

Follow Mike and Shawn on Instagram:

• Shawn: @shawn_dimartile
• Mike: @miketighe_

In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges they have faced in the short-term rental market, specifically with Airbnb properties. They analyze the decline in revenue and the increasing competition in the market. Shawn shares his experience with maintaining luxury properties and the high expense ratios associated with them. They discuss strategies for addressing guest issues and managing refunds. The hosts also explore the idea of investing in smaller, unique stays as a way to reduce expenses and simplify operations.

Some key takeaways from this episode:

• The short-term rental market, particularly Airbnb, has become increasingly competitive, leading to a decline in revenue for many hosts

• Luxury properties come with high expense ratios due to the maintenance and upkeep required for amenities such as pools, hot tubs, and large kitchens

• Addressing guest issues promptly and effectively can help mitigate negative reviews and potential refund requests

• Investing in smaller, unique stays can reduce expenses and simplify operations, offering a more manageable and cost-effective approach to short-term rentals

• Expense ratios should be considered alongside income figures when evaluating the profitability of short-term rental properties

Learn more about Mike and Shawn:

• Shawn: www.investorshawn.com
• Mike: www.investormike.com
• Website: www.takeoffcapital.com