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AirBnB, VRBO, vacation and executive rental news and issues in Victoria


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#1361 Rob Randall

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Posted 03 September 2020 - 12:39 PM

^I'm not sure why they wouldn't let a management company handle the off-season. It seems like a weird way to deal with the income/hassle balance. Why carry the expenses of a vacant suite if it's just sitting empty not making you money?


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#1362 Victoria Watcher

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Posted 03 September 2020 - 12:43 PM

the off-season monthly revenue might only be 1/4 or 1/6 of what high season is.  like lots with human motivation it's hard to feel so passionately about working it with so relatively little money.


Edited by Victoria Watcher, 03 September 2020 - 12:44 PM.


#1363 Mike K.

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Posted 03 September 2020 - 12:57 PM

^I'm not sure why they wouldn't let a management company handle the off-season. It seems like a weird way to deal with the income/hassle balance. Why carry the expenses of a vacant suite if it's just sitting empty not making you money?

 

As I said, all expenses are covered in the high season. The profit is in the unit appreciating in value over time, without the hassle of day-to-day management.

 

In addition to that, there's also the issue of wear and tear, there's also the issue of the unknown, and there's also the issue income tax implications.


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#1364 Rob Randall

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    C'mon man, cut out the malarkey

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Posted 03 September 2020 - 01:00 PM

OK, the tax thing might make or break. Wear and tear, that's no biggie, that will happen regardless.

 

Make it a one week minimum stay. If no-one books, fine but if you get even a single booking it's five hundred easy bucks.

 

In for a penny, in for a pound I say.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#1365 Mike K.

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Posted 03 September 2020 - 01:09 PM

C'mon, Wolf Blitzer, keep up!

 

What they’ll do is set the minimum stay at something like 2 or 4 weeks outside of their target listing window, and if there’s a bite there’s a bite, but they’re not interested in generating more revenue than the cost to carry the unit per annum.

 


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