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» Don't forget to tip your airbnb host
  1. Results 1 to 17 of 17
post 1610656791 07-15-2020, 08:25 AM
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#1
  1. Drhunglow
  1. Drhunglow
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Don't forget to tip your airbnb host

These are people struggling to maintain their multiple properties

https://www.businessinsider.com/airb...acklash-2020-7

After the COVID-19 pandemic obliterated Airbnb revenues across the globe, the short-term-rental platform has begun asking guests to chip in by sending "kindness cards" that include cash donations to their former hosts — who have seen billions of dollars in revenue vanish in recent months as travel has ground to a halt because of the pandemic.
Spoiler!

The new tool appears to be another effort to assuage hosts' financial concerns, this time by soliciting contributions from former guests. An Airbnb spokesperson told Business Insider that 100% of the proceeds from the kindness cards would go to the hosts.

"In the spirit of rekindling connections, we developed a new feature that allows guests to send virtual cards with messages of support and encouragement to hosts who provided excellent hospitality. If they wish, guests have the option to add a voluntary financial contribution," the spokesperson said.

But the tool has been met with swift backlash from people on Twitter who say they're similarly struggling to save money amid the pandemic and question why it should be their responsibility to support hosts.

"Airbnb has lost its f---ing head," one person tweeted.


Hosts have directed their anger at Airbnb, saying the company implemented cancellation policies at the onset of the COVID-19 pandemic that cost them even more money. Airbnb said in March that it would spend $250 million to reimburse hosts for guests' cancellations that stemmed from coronavirus shutdowns.

The financial situation is especially dire for megahosts, some of whom bought up dozens of properties and built short-term-rental empires that made up their main source of income (about one-third of Airbnb properties are owned by hosts who manage at least 25 properties, according to the analytics site AirDNA).

New York Times tech reporter Mike Isaac said the program was "like the mortgage-backed securities of the sharing economy."

"I'm not sure I will be contributing to the mortgage for anyone's second house at this time," another Twitter user wrote.

post 1610657001 07-15-2020, 08:27 AM
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#2
  1. OffwhiteBrah
  1. OffwhiteBrah
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post 1610657231 07-15-2020, 08:30 AM
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#3
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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I'd also like a tip.... my income is down 60%, but luckily for everyone else, it's my problem.
post 1610657321 07-15-2020, 08:32 AM
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#4
  1. Tornach
  2. OG @ Castle Grayskull
  1. Tornach
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Watch out OP.
The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise
Rustling NPCs' jimmies without even trying crew

"I've watched a lot of movies, I know what I'm doing."

"The Best Revenge is Massive Success"

Not going to be a Darkseeker crew.


RIP Duckenheimer
RIP SemperFudge
post 1610657571 07-15-2020, 08:36 AM
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#5
  1. soaponarope1
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Originally Posted By Tornach
Watch out OP.
The "financially savvy" miscers here recommended buying multiple properties using loans instead of buying a single property using cash.
Apparently unforeseen situations never arise
Yeah, but you also have to save a decent portion of the income generated from the properties in order to cover periods of vacancy. If you can't cover a year of vacancy, don't invest in rentals.
post 1610657991 07-15-2020, 08:41 AM
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#6
  1. Jax05
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  1. Jax05
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Are people seriously this delusional?

1. I don't owe you chit just because I previously bought something from you and your business is failing now
2. Even if everyone did "tip", it wouldn't make much of a difference for someone struggling to keep a property
Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
post 1610661121 07-15-2020, 09:23 AM
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#7
  1. Drhunglow
  1. Drhunglow
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Originally Posted By HMFIC_BROWSIN
I'd also like a tip.... my income is down 60%, but luckily for everyone else, it's my problem.
Have you thought about a GoFundMe for a 10k mountain bike that you need because of COVID?
post 1610662631 07-15-2020, 09:42 AM
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#8
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By Drhunglow
Have you thought about a GoFundMe for a 10k mountain bike that you need because of COVID?
I guess I could do that.... Do I need to say I have a starving dog or something?
post 1610695001 07-15-2020, 02:56 PM
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#9
  1. Drhunglow
  1. Drhunglow
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Originally Posted By HMFIC_BROWSIN
I guess I could do that.... Do I need to say I have a starving dog or something?
yea a rescue dog!
post 1610695081 07-15-2020, 02:57 PM
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#10
  1. dannyg1217
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Doing an air bnb at the end of the month,,,no thanks Timothy, get fukt
Yellow fever crew
High test Manlet crew
EE master race

5'7" @ 175
PRs, B325 S405 D405
post 1610695181 07-15-2020, 02:58 PM
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#11
  1. isawthesign
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Shoulda saved for a raining day fund.

Did they try not having advocado toast every day?
post 1610697781 07-15-2020, 03:29 PM
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#12
  1. Drhunglow
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Originally Posted By isawthesign
Shoulda saved for a raining day fund.

Did they try not having advocado toast every day?
Hey hey, we're not savages here
post 1610698421 07-15-2020, 03:36 PM
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#13
  1. Zackad
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lmao they're out of their minds

This is how you make money. It's always high risk-high reward. They took the risk of owning multiple properties for rental income. Bet they didn't even plan for a scenario where they might have to leave their properties vacant for extended periods either, or actually be unable to rent them out.
"So t
post 1610698541 07-15-2020, 03:38 PM
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#14
  1. Brozef
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My Airbnb hostess will get more than the tip...as she's riding cowgirl.
post 1610698761 07-15-2020, 03:42 PM
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#15
  1. ZeroPercentTip
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I know exactly how much they'll be getting from me
post 1610699861 07-15-2020, 03:57 PM
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#16
  1. TBO1313
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My feel when I'm asked to tip someone to pay their 2nd or 3rd mortgage

6'2"

OMAD results: 2/15/19-235, 10/13/19-190

OHP-205 Bench- 245 Squat - 405 C&J - 245

2021 Spring cut: 195lbs starting weight
post 1610700061 07-15-2020, 03:59 PM
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#17
  1. VisionaryLarry
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Yea as someone that will eventually get into real estate, I will not be like these guys. These people are a part in ruining the housing market.

brb buy multiple properties with 5% down
brb rent out for premium prices
brb major cash flow business
brb when **** hits the fan they can't pay their over leveraged mortgages
brb complaining they are getting screwed
brb want special tips

This is the thing I never understood. When you do something like that, you knowingly take on all that risk. Not preparing or being able to deal with issues, is on you.

That's why I'll either buy cash, or have a lot of equity in something in case chit goes down.
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