The Future of Short-Term Rentals: Is Airbnb Doomed?

Posted on November 5, 2023 by Maria Rekrut

At this rate, Airbnb will be finished.  Hosts are leaving in droves.  Airbnb will have to work hard to keep up with the loss of inventory on their site, but this isn’t the first time this has happened, is it?  Here’s what’s different this time and what it might imply for you.

After watching the video, here are five reasons why Airbnb is facing a rocky road to recovery:

Party problem: Airbnb has been struggling with party-related incidents, which have led to property damage and safety concerns. To address this issue, Airbnb is using AI to detect and prevent unauthorized parties.

Hidden cameras: There have been reports of hidden cameras in Airbnb rentals, which violate Airbnb’s policies. To address this issue, Airbnb prohibits the placement of cameras by hosts in private spaces and requires hosts to disclose the presence and location of cameras in their listings.

COVID-19 pandemic: The COVID-19 pandemic has significantly impacted the travel industry, including Airbnb. Many people cancelled their travel plans, and Airbnb’s revenue dropped significantly.

Regulatory challenges: Airbnb has faced regulatory challenges in many cities and countries, which have led to restrictions on short-term rentals. For example, some cities have imposed limits on the number of days a property can be rented out.

Competition: Airbnb faces competition from other short-term rental platforms, such as Vrbo and Booking.com. These platforms offer similar services and have a significant market share.

To address these challenges, Airbnb is taking steps to improve its platform and restore trust among its users. For example, it is investing in AI to detect and prevent unauthorized parties, improving its customer service, and working with regulators to address regulatory challenges.

If you enjoyed our video, please give it a thumbs up 👍 and share it with others who might find it useful.  Let’s spread awareness and inspire positive change together! ✨🌍💚

If you need more tips on becoming a great real estate investor and want to learn more about the upcoming real estate trends, then visit Maria Rekrut’s website and set up a free discovery call at: https://realwealthrealestate.com/

Set up a free discovery session with Maria at:

https://calendly.com/realwealthreales…

https://www.facebook.com/maria.rekrut

https://www.linkedin.com/in/mariarekrut/

#AIRBNB #SHORTTERMRENTALS #REALESTATE
Airbnb’s Rocky Road to Recovery: 5 Reasons Why, airbnb business, real estate, airbnb, air bnb, how to start an airbnb business, air B and B business, airbnb tips, airbnb host, real estate airbnb, how to airbnb without owning property, how to airbnb your house, how to airbnb a rental property, real estate investing, airbnb tips for new hosts, airbnb rental, airbnbust, airbnb is dead, air b and b, airbnb update, airbnb 2023, everyone is quitting airbnb, airbnb recession, bust

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The Future of Short-Term Rentals: Is Airbnb Doomed?

The Airbnb Exodus: Why Californians Are Quitting!!

Posted on November 4, 2023 by Maria Rekrut

The Airbnb Exodus: Why Californians Are Quitting!!

In this video, we’ll answer the question: Why are California residents leaving the state in droves? And what are the implications of the Airbnb exodus?

The Airbnb exodus is a massive phenomenon, and it’s affecting Californians in many ways. We’ll explore the reasons behind the exodus and what the implications are for the state.

Since the passage of AB 1227, known as the “Airbnb bill”, a lot of Californians have been leaving the state in droves. We’ll be discussing the reasons behind this exodus and what it means for the future of California.

Tune in to find out why so many Californians are leaving and what this means for the state’s economy! With soaring housing prices, poor air quality, and problematic local regulations, it seems like Californians just can’t catch a break!

But what’s really behind the exodus? In this video, we’ll explore the reasons Californians are fleeing California, and what the new bill means for the future of the state. Be sure to share this video with your friends and family in California, and subscribe to our channel to stay updated on the latest news and information about the state!

Watch this video to find out what you need to know about the Airbnb exodus and its implications for Californians and for anyone who owns an Airbnb there!

#TheAirbnbExodusWhyCaliforniansAreQuitting, #TheNewBillandItsImplications, #taxes

OUTLINE: 00:00:00 The Great Airbnb Exodus in California

00:00:31 The New Bill and Its Implications

00:01:24 The Shift to Traditional Renting

00:01:59 Key Takeaways

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , , , , , , , , , , | Comments Off on The Airbnb Exodus: Why Californians Are Quitting!!

SO MUCH FOR EV’S ON THE ROAD!!

Posted on October 31, 2023 by Maria Rekrut

Trying to Keep Six EVs Charged Drove Me Mad!!

https://www.msn.com/en-ca/autos/news/trying-to-keep-six-evs-charged-drove-me-mad/ar-AA1j9UJx?ocid=socialshare&pc=U591&cvid=af14a3edc47d4106b6c4fb66ac0f5936&ei=25

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , | Comments Off on SO MUCH FOR EV’S ON THE ROAD!!

Watch Out Your House May Be Next!!

Posted on October 30, 2023 by Maria Rekrut

A rising wave of property defaults threatens hundreds of US banks

https://www.telegraph.co.uk/business/2023/10/27/rising-wave-property-defaults-threatens-us-banks/

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , | Comments Off on Watch Out Your House May Be Next!!

Mastering Property Negotiation: Insider Tips

Posted on October 30, 2023 by Maria Rekrut

Mastering Property Negotiation: Insider Tips – Negotiation Strategies for Real Estate Investors and Homeowners!!

Ever wonder how to negotiate effectively when buying or selling real estate? If you’re looking to buy or sell a property, then you need to be skilled in property negotiation.

In this video, we’re sharing with you some insider tips on how to negotiate effectively when buying or selling a property. If you’re already familiar with property negotiation, then you can skip this video. But if you’re new to property negotiation, then this video is for you! We’ll teach you the basics of property negotiation, including tips on how to negotiate a fair price, how to win concessions, and how to close a deal.

In this video, viewers will learn negotiation techniques for buying and selling property. The video will cover tips and strategies for successful negotiations in real estate transactions.

The following topics will be discussed:

The importance of negotiation in real estate transactions

Tips for preparing for a negotiation strategy for effective communication during a negotiation

Techniques for finding common ground with the other party

How to handle difficult negotiations

Negotiation tactics for buyers and sellers

The video will draw from the expertise of real estate professionals and provide practical advice for viewers.

By the end of the video, viewers will have a better understanding of how to negotiate effectively in real estate transactions.

If you enjoyed our video, please give it a thumbs up 👍 and share it with others who might find it useful. Let’s spread awareness and inspire positive change together! ✨🌍💚

Need more tips on becoming a great real estate investor, and learn more about the upcoming real estate trends, then visit Maria Rekrut’s website and set up a free discovery call at https://realwealthrealestate.com/

Set up a free discovery session with Maria at: https://calendly.com/realwealthrealestate https://www.facebook.com/maria.rekrut

#allthingsrealestatewithMariaRekrut, #mariarekrut, #realestateinvesting, #realestate

Mastering Property Negotiation: Insider Tips https://youtu.be/awEUD-Vivqs?si=vI_iRFrD9A3YN4yF via @YouTube

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , | Comments Off on Mastering Property Negotiation: Insider Tips

So What’s With the EV Revolution!! NOT!!

Posted on October 27, 2023 by Maria Rekrut

Ford pauses a $12 billion EV investment, after saying electric vehicles are too expensive

https://www.msn.com/en-ca/money/companies/ford-pauses-a-12-billion-ev-investment-after-saying-electric-vehicles-are-too-expensive/ar-AA1iWISa?ocid=socialshare&pc=U591&cvid=a012cda07c54483abaebf8d2cc5fe381&ei=20

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , | Comments Off on So What’s With the EV Revolution!! NOT!!

Can’t afford or not allowed AC in your apartment? You’re not alone!

Posted on October 19, 2023 by Maria Rekrut

I recently had the opportunity to speak with and be interviewed by CBC News Reporter Aloysius Wong about the issue of air conditioning in apartments. The article, titled “Can’t afford or not allowed AC in your apartment? You’re not alone,” discusses the challenges that tenants face in securing adequate cooling.

During our conversation and interview, we discussed many aspects of the problem, including who is responsible for the upkeep, the extra cost of electricity and installation, and the barriers that tenants face in securing air conditioning.

I emphasized the importance of open communication between tenants and landlords to address this issue and stated that this has been my approach for the past 23 years. In the article, I was quoted as saying, “Open communication is the way to go with this. That’s what I’ve been able to do for 23 years.” This is my opinion, and I have found that open communication can often resolve most issues. If both sides listen and talk to each other and let each other know how they feel, it will always be my opinion and option when resolving issues with tenants.

https://www.cbc.ca/news/investigates/acorn-extreme-indoor-heat-tenant-survey-1.6983461

For your information in Ontario, we have guidelines.

Here are the guidelines from the Ontario RTA and LTB:

The Residential Tenancies Act (RTA) and the Landlord and Tenant Board (LTB) in Ontario provide guidance on the temperature of the dwelling in Ontario with regard to the temperature of the air conditioning in the summer and the temperature of the heat in the winter. Here are some key points: The RTA requires landlords to provide heat to a minimum air temperature of 21 degrees Celsius from September 15 to June 1

The landlord is free to turn on the heat earlier than September 15, but the building cannot go below 21 degrees Celsius The RTA does not require landlords to provide air conditioning Tenants can install window or portable air conditioning units at their own cost, as long as they meet certain requirements.

The LTB provides guidance on tenants’ rights and responsibilities, including the right to a livable indoor temperature If a tenant has concerns about the temperature of their dwelling, they can contact the LTB for guidance and support.

In summary, the RTA and LTB provide guidance on the temperature of the dwelling in Ontario with regard to the temperature of the air conditioning in the summer and the temperature of the heat in the winter.

Landlords are required to provide heat to a minimum air temperature of 21 degrees Celsius from September 15 to June 1, but are not required to provide air conditioning. Tenants can install window or portable air conditioning units at their own cost, as long as they meet certain requirements. The LTB provides guidance and support for tenants who have concerns about the temperature of their dwelling.

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , | Comments Off on Can’t afford or not allowed AC in your apartment? You’re not alone!

10 Landlord Mistakes That Can Lead to Legal Trouble

Posted on October 18, 2023 by Maria Rekrut

Avoid These 10 Landlord Mistakes for a Successful Rental Business

Hello and welcome to our video on the 10 most common mistakes landlords make. Being a landlord can be a great way to earn passive income, but it’s important to avoid these common mistakes to ensure that your investment is successful.

In this video, we’ll discuss these mistakes and provide tips on how to avoid them. Failing to Screen Tenants Properly: One of the biggest mistakes landlords make is not screening tenants properly. This can lead to tenants who don’t pay rent on time, damage the property, or cause other problems.

To avoid this, make sure to conduct thorough background checks, including credit and criminal history.

Not Having a Written Lease Agreement: Another common mistake is not having a written lease agreement. This can lead to misunderstandings between the landlord and tenant, and can make it difficult to enforce rules and regulations. Make sure to have a written lease agreement that outlines all the terms and conditions of the rental agreement.

Failing to Maintain the Property: Landlords who don’t maintain their properties can face a variety of problems, including unhappy tenants, code violations, and even legal action. To avoid this, make sure to keep the property in good condition and address any maintenance issues promptly.

Not Knowing the Law: Landlords who don’t know the law can find themselves in legal trouble. Make sure to familiarize yourself with local and state laws regarding landlord-tenant relationships, fair housing, and other relevant issues.

Not Collecting a Security Deposit: Failing to collect a security deposit can leave landlords vulnerable to damage caused by tenants. Make sure to collect a security deposit and use it to cover any damages caused by the tenant.

Allowing Pets Without Restrictions: Allowing pets without restrictions can lead to damage to the property and other problems. Make sure to have a pet policy in place that outlines any restrictions and requirements for pet owners.

Not Responding to Tenant Complaints: Landlords who don’t respond to tenant complaints can create an unpleasant living environment and can even face legal action. Make sure to respond to tenant complaints promptly and address any issues as soon as possible.

Not Raising Rent: Failing to raise rent can lead to financial problems for landlords. Make sure to raise rent periodically to keep up with inflation and other costs.

Not Having Adequate Insurance: Landlords who don’t have adequate insurance can face financial ruin if something goes wrong. Make sure to have insurance that covers liability, property damage, and other relevant issues.

Not Treating Tenants with Respect: Finally, landlords who don’t treat tenants with respect can create an unpleasant living environment and can even face legal action. Make sure to treat tenants with respect and address any issues in a professional and courteous manner.

And there you have it, the 10 most common mistakes landlords make and how to avoid them. By following these tips, you can ensure that your investment is successful and that you have happy tenants. Thanks for watching!

If you enjoyed our video, please give it a thumbs up 👍 and share it with others who might find urban planning and sustainability fascinating. Let’s spread awareness and inspire positive change together! ✨🌍💚

Need more tips on becoming a great real estate investor, and learn more about the upcoming real estate trends, then visit Maria Rekrut’s website and set up a free discovery call at https://realwealthrealestate.com/

Set up a free discovery session with Maria at: Set up a free discovery session with Maria at: https://calendly.com/realwealthrealestate/strategy-session

#landlordmistakes, #avoidmistakes, #landlordtips

OUTLINE: 00:00:00 Introduction – Common Landlord Mistakes

00:00:50 Mistake 1 – Failing to Screen Tenants Properly

00:01:43 Mistake 2 – Not Having a Written Lease Agreement

00:02:43 Mistake 3 – Failing to Maintain the Property

00:03:46 Mistake 4 – Not Knowing the Law

00:04:48 Mistake 5 – Not Collecting a Security Deposit

00:05:50 Mistakes 6 to 10 – Pets, Complaints, Rent, Insurance, Respect 00:07:40

Conclusion – Summarizing Key Points 00:10:02

Call to Action and Further Resources

00:11:01 End Sting

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Landlord Tips | Tagged , , | Comments Off on 10 Landlord Mistakes That Can Lead to Legal Trouble

Say Goodbye to Multiple Vacation Rentals in British Columbia

Posted on October 17, 2023 by Maria Rekrut

The British Columbia government is introducing legislation aimed at sending thousands of short-term vacation rentals back into the long-term rental market. The legislation limits short-term rentals to within a host’s home, or a basement suite or laneway home on the property where they reside. If passed, short-term rentals in B.C. would only be offered in the host’s principal residence in municipalities with a population of 10,000 people or more and in smaller communities within 15 kilometres of a larger municipality.

The housing ministry estimates there are about 28,000 daily active short-term rental listings in B.C., an increase of 20 per cent from a year ago. Data show more than 16,000 entire homes are being listed as short-term rentals for the majority of a calendar year. Even if half of those homes came back onto the long-term market, it would be significant.

Short-term rentals in cities like Vancouver, Victoria, and Kelowna have come under scrutiny for several reasons, including the argument that they siphon housing from municipalities already struggling to provide long-term, stable rentals to residents. The government has stated that short-term rentals have put significant pressure on vacancy rates, rents, and home prices.

The legislation is aimed at operators of multiple vacation rentals, who own multiple condos and are renting them out as private hotels in the province. The government is promising to beef up enforcement of short-term rental regulations

The City of Vancouver has already announced that it will increase the costs of a business license to operate a short-term rental in the city from around $109 to $1,000. The city has had regulations in place since 2018. Vancouver has also negotiated with Airbnb (the largest short-term renter in B.C.) to only post Vancouver listings with a Vancouver business license number. The provincial government is already collecting an 11 per cent tax on short-term rentals through the Airbnb platform.

The legislation is part of a larger effort to increase housing in the province, including bringing in a province-wide law to allow up to four units on traditional-sized single-family lots. Additional legislation will be introduced this year to allow secondary suites in every community across B.C. Next year, homeowners will be able to access a forgivable loan of 50 per cent of the cost of renovations, up to a maximum of $40,000 over five years, if they are willing to rent those secondary suites at below-market rate for at least five years

In conclusion, the British Columbia government is introducing legislation to limit short-term rentals to within a host’s home, or a basement suite or laneway home on the property where they reside. The legislation is aimed at operators of multiple vacation rentals, who own multiple condos and are renting them out as private hotels in the province. The government is promising to beef up enforcement of short-term rental regulations. The legislation is part of a larger effort to increase housing in the province, including bringing in a province-wide law to allow up to four units on traditional-sized single-family lots. Additional legislation will be introduced this year to allow secondary suites in every community across B.C.

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on Say Goodbye to Multiple Vacation Rentals in British Columbia

The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact

Posted on October 16, 2023 by Maria Rekrut

The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact on Local Neighborhoods and Rent Prices

In recent years, the rapid proliferation of Airbnb listings in Toronto has sparked concerns about its impact on local neighborhoods and rent prices. These so-called “Ghost Hotels” have emerged as an unintended consequence of the home-sharing platform’s popularity. The surge of short-term rentals has reduced the availability of long-term rental options, exacerbating the already tight housing market.

As tourists flock to Airbnb accommodations, residents are finding it increasingly difficult to secure affordable housing. The increasing concentration of transient visitors in residential areas also disrupts the sense of community, eroding the fabric that holds neighborhoods together.

It is crucial to address these issues and strike a balance that preserves the unique character of Toronto’s neighborhoods while ensuring the availability of affordable long-term housing for its residents.

https://www.msn.com/en-ca/travel/news/the-ghost-hotels-of-toronto-airbnb-s-impact-on-local-neighborhoods-and-rent-prices/ar-AA1igy5N?ocid=socialshare&pc=U591&cvid=ec71e0aad5cf4297a0896e4f60c54328&ei=12

Email, RSS Follow
Pin It
Share on Tumblr
Posted in Real Estate Investing | Tagged , , , , , , , , | Comments Off on The ‘Ghost Hotels’ of Toronto: Airbnb’s Impact