Michael Arnold is a real estate agent and entrepreneur in Los Angeles. In the following article, Michael Arnold discusses the arresting potential of Airbnb rentals, profitability and investment value.
Michael Arnold from Los Angeles explains that real estate is a deceptively diverse market, often summed up as little more than buying and selling a house. But for investors with a sense of creativity, certain aspects of the real estate market can become an untapped gold mine with the right timing. As Central America embraces summer vacations for the first time in two years, Airbnb owners can earn a small fortune, says Michael Arnold.
By buying small rental homes in regional hotspots, real estate investors are able to earn a steady stream of income by offering Airbnb-listed homes to middle-class tourists. Michael Arnold from Los Angeles explores this lesser-known side of the real estate market and discovers how Airbnb is fast becoming the next big gold rush.
How it will be profitable to rent an Airbnb
The first question most people ask is how do investors make money by renting out Airbnb property? The answer to this question is twofold. The first part of the equation comes down to location, and the second part has to do with economies of scale according to Michael Arnold.
Any real estate investor will tell you that one of the keys to success in any market is finding properties in high traffic areas. This rule applies whether you are looking at traditional rentals or Airbnb, says Michael Arnold from Los Angeles.
By definition, tourists are always on the go, which means they will not spend long periods anywhere. That said, there are still certain areas that become tourist traps because of their popularity (think Niagara Falls or Disney World).
Michael Arnold from Los Angeles says that these places of impressive beauty tend to have a higher demand for short-term rental options such as Airbnb properties because hotels book quickly and can be expensive. As a result, investors buying homes near these attractions may demand premium rental rates while providing value compared to hotel options.
The second part of the equation is economies of scale. Michael Arnold explains that when running a traditional rental property, there are many associated costs that come with each tenant (advertising, cleaning, maintenance, etc.). With Airbnb, however, investors only incur these costs when someone books a seat. Each night costs more than one night with standard rent, which helps offset costs and make money, according to Michael Arnold of Los Angeles.
This means that if investors have multiple Airbnb rentals in different locations, they can spread these fixed costs across all properties, which will result in a higher total profit margin. In other words, it becomes more profitable to own more Airbnb homes than it is to just own a traditional rental property, says Michael Arnold.
Why now is the time to invest in Airbnb rentals
Michael Arnold from Los Angeles states that investing in all types of real estate is about timing. Investors need to find properties when they are undervalued so that they can sell or rent them out at a higher price point. The same goes for renting Airbnb properties; now is the time to buy while prices are still low and demand is high.
It’s no secret that COVID-19 has decimated the travel industry over the past two years. As the number of cases continued to rise across America, people became increasingly reluctant to take vacations outside their home state or country. But as the pandemic draws to a close, more and more middle-class Americans are hoping to return to their favorite resorts, says Michael Arnold.
Regional tourist attractions, such as Disneyland, Dollywood, Graceland, Las Vegas and Washington D.C. Everyone expects a massive increase in the number of tourists visiting their locations. This sudden increase in tourism is causing many investors to quickly buy and fix affordable housing with the intent of renting it out to Airbnb members, according to Michael Arnold of Los Angeles.
The risks of using Airbnb Gold Rush
Of course, as with any investment opportunity, there are always risks to consider. Nationally, house prices have skyrocketed in the last couple of years due to a lack of new buildings. This, together with steadily rising interest rates, provides an unfriendly investment environment, especially for anyone who wants to buy a home, says Michael Arnold from Los Angeles.
On the other hand, families with additional rental units or holiday homes will benefit enormously from the expected return on American tourism. As long as there is not another widespread outbreak of COVID-19, by the summer of 2022, flocks of vacationers should come in droves across the nation.
The best advice is to invest wisely and track interest rates until further notice. As mentioned before, timing is everything, and investing in the real estate market takes a good eye and a finger on the pulse of the economy.
Does Airbnb have 24 hour customer service?
The Airbnb gold rush is a real opportunity for those who have the funds to invest in regional rental properties. See the article : Workshop teaches students about food insecurity – The Suffolk News-Herald. By taking advantage of economies of scale and tourists’ desire to return to their favorite resorts, investors can make a killing in the years to come.
You can send them a message or open the Airbnb app and call them. If you are wondering about check-in details and instructions, you will find them 3 days before the check-in date on the booking itinerary page. If all communication failed and you can not contact your host, contact us. Did this article help?
How do I get in touch with Airbnb customer service?
As of today, any Airbnb user who has chosen English as their primary language in the app can access the Urgent Support Line anywhere in the world, and get in touch with specialized support agents who are available 24/7 to help if needed. an urgent problem arises.
Can I contact Airbnb by phone?
How long is Airbnb customer service?
How do I talk to a live person on Airbnb? To call Airbnb Customer Service, call 1-855-424-7262. This may interest you : 3 tap breaking in selected real estate. It will ask you to enter your Airbnb verified phone number, but if you do not have the phone number of your account, you can dial 0 three times to get through the automated system and talk to a representative.
Does Airbnb have 24 hour support?
Request a call from the Neighborhood Support team. The Neighborhood Support team can also be reached at 1 (855) 635-7754. On the same subject : As the real estate market cools, so does the market for agents. You are taken outside of Airbnb to call local emergency services. Use of this feature is subject to our guidelines.
When you hear from them. Hosts have 24 hours to accept or decline your request, but the vast majority respond within 12 hours.
How long is Airbnb customer service?
Similarly, a host can use this tool to contact Airbnb if they have security issues with their guest. Urgent Support Line is available in the security center of the app during active reservations, as well as the 24-hour period both before and after active reservations.
How do I email an Airbnb host?
How do I get in touch with Airbnb Customer Service? Request a call from the Neighborhood Support team. The Neighborhood Support team can also be reached at 1 (855) 635-7754. You are taken outside of Airbnb to call local emergency services. Use of this feature is subject to our guidelines.
When you hear from them. Hosts have 24 hours to accept or decline your request, but the vast majority respond within 12 hours.
- Go to the entry and click or tap Contact host to send a message. Professional Tip: If you want to ask for specific booking details, enter the dates and number of guests for your trip before pressing Contact Host.
- How do I email Airbnb? How to contact Airbnb support via email
- support@airbnb.com.
Should you give email to Airbnb?
automated@airbnb.com.
How do I find my Airbnb host email address?
urgent@airbnb.com.
What email address does Airbnb use?
For everyone’s safety, you should always communicate through Airbnb. We keep your information secure and we never share your email, even with your host or guest after you have a confirmed reservation.
How long does an Airbnb refund take?
Once you have a confirmed reservation, you will have the host’s email and phone number in the thread that was sent for the trip. You can send them a message or open the Airbnb app and call them.
@ ext.airbnb.com. @ guest.airbnb.com. @ host.airbnb.com.
How long does it take for Airbnb to refund money?
Although they are issued almost immediately, most refunds arrive within 10 days, but for some payment methods and regions it may take longer … We automatically send any refunds to the payment method you used when you ordered.
Can Airbnb refund to a different card?
Does Apple Pay refund your bank account? If you need to return a purchase made with Apple Pay, you can receive refunds to your account. The main difference is that you may be asked to give the cashier the last four digits of your device account number instead of the last digits of your card number.
How long does it take to get a refund from Airbnb Apple pay?
Although they are issued almost immediately, most refunds arrive within 10 days, but for some payment methods and regions it may take longer … We automatically send any eligible refunds to the payment method you used when booking your reservation.
