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Being an Airbnb host was already becoming borderline unprofitable in my metropolitan area (Seattle) as they are marketing very heavily here resulting in a glut
by nikkwong 7y ago
Being an Airbnb host was already becoming borderline unprofitable in my metropolitan area (Seattle) as they are marketing very heavily here resulting in a glut in short-term rental housing-supply. This drove the nightly rate I could command down, and—before this current crisis, the decision between short-term and long-term tenancy was a matter of debate. Now, without any guests visiting the area in the near future, the decision is a no brainer—I'm moving to long-term tenancy and may never be an Airbnb host again. I am currently a host for rooms in my primary residence as well as for entire houses and am currently looking to turn them both types into long instead of short-term rental situations. I'm suspecting many other hosts are in a similar situation.