EP214: This Week in the World of Airbnb

EP214: This Week in the World of Airbnb

If you are spending more than 30% of your monthly income on rent, you fall into the category of rent-burdened—and one popular way to earn the extra cash for high housing costs is through Airbnb. Unfortunately, most apartment lease agreements were drafted long before short-term rental platforms were a thing, and the guidelines rarely allow tenants to list their units.

Airbnb is taking a proactive approach to this issue through its Airbnb Friendly Buildings initiative, partnering with real estate developers to build units specifically designed for short-term rental. This week, the platform reported a big win on this front by landing a $200M investment in a Florida project: Niido Powered by Airbnb. Hostfully VP of Strategic Partnerships, Nicole Prentice-Williams, joins Jasper to discuss this initiative and the upside for landlords when lessees rent their apartments on Airbnb.

Nicole and Jasper also answer your questions about early check-in and late check-out, explaining how to handle those requests. They celebrate Airbnb’s first full-year profit, a remarkable feat for a tech startup, and delve into the company’s 2018 travel predictions. Listen in for insight around the top trending cities and experiences and learn why you might want to book a yurt in Da Nang this year!

Topics Covered

Article #1: Airbnb Books First Full-Year Profit in 2017 as China Business Takes Off

  • Tech startups typically take decades to turn profit (i.e.: Uber, Amazon)
  • Remarkable for Airbnb to turn profit in under ten years
  • Bookings up 50% from 2016 despite rise in regulations
  • 180% third quarter growth in China
  • Valuation at $31B, more than Hilton or Hyatt

Article #2: Airbnb Wants to Build Apartments Throughout the US

  • Brookfield Property Partners investing $200M in Niido Powered by Airbnb
  • Tenants can rent out up to 180 days/year, landlord receives portion of revenue
  • Apartments designed for home-sharing (i.e.: keyless entry, custom facilities)
  • Helps rent-burdened millennials afford housing
  • Program in San Francisco allows renters to list on Airbnb, share revenue with landlord
  • Total of 13K units eligible as part of Airbnb Friendly Buildings initiative

Article #3: Airbnb Releases 2018 Travel Predictions – Do You Agree?

  • Forecast, trends based on 2018 bookings already received
  • Surprise top cities include #3 Osaka, #10 Lisbon
  • Gangneung, South Korea, up 2175% for Winter Olympics
  • Edmonton, Indianapolis and Columbus also trending
  • Nature lodges, RVs, ryokans and yurts gaining popularity
  • Lisbon ‘best flavors’ tour listed as #1 experience

Q1: I often receive requests for early check-in or late check-out. How should I handle this? Should I accommodate such requests? Can I charge more for this service?

  • Consider offering as complementary service to build reputation
  • May charge more after established as host on Airbnb
  • Request fee through Airbnb system or tools like GuestBook or YourWelcome

Resources Mentioned

Article #1: cnbc.com/2017/12/18/airbnb-profitable-as-china-business-takes-off.html

Article #2: mercurynews.com/2017/12/18/new-housing-brought-to-you-by-airbnb/

Pillow

Article #3: forbes.com/sites/johnnyjet/2017/12/12/airbnb-releases-2018-travel-predictions-do-you-agree/#3d3e62cf753f

GuestBook

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Connect with Jasper

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This episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free!

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