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Airbnb experience

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  • 28-03-2019 5:35pm
    #1
    dontparkhere
    Registered Users Posts: 71 ✭✭


    Considering putting my apartment on airbnb this summer as I won't be there much.
    I have a couple of queries...
    I've had a look and a lot of places seem very upmarket, is there demand for average apartments in Mt Merrion/Blackrock.
    My airbnb income will be taxed but will it affect my rent a room scheme threshold?
    Is it achievable to have it occupied 80/90% during June-August months?
    Would I need to put it up on the site far in advance?
    Is it significantly more profitable to airbnb vs short term rent a place out for 6 weeks.
    A lot of questions but I appreciate and info and experiences


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  • Options
    #2
    [Deleted User]
    Posts: 3,656 ✭✭✭ [Deleted User]


    dontparkhere wrote: »
    Considering putting my apartment on airbnb this summer as I won't be there much.
    I have a couple of queries...
    I've had a look and a lot of places seem very upmarket, is there demand for average apartments in Mt Merrion/Blackrock.
    My airbnb income will be taxed but will it affect my rent a room scheme threshold?
    Is it achievable to have it occupied 80/90% during June-August months?
    Would I need to put it up on the site far in advance?
    Is it significantly more profitable to airbnb vs short term rent a place out for 6 weeks.
    A lot of questions but I appreciate and info and experiences


    I'm in the exact same situation except I live in south Drogheda , 4 minutes from the beach. I have just today listed my house (bedroom only, maybe full house at weekends). I did this after a lot of thought and research. I am very interested in all the above questions and will follow this thread with interest.


  • Options
    #3
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    My apartment is quite modest and has no issues on Airbnb.


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    #4
    JJJackal
    Registered Users Posts: 1,016 ✭✭✭JJJackal


    Re upmarket - I guess you price appropriately eg you would pay more for a 5star hotel than a 3star. I did some a few years ago. I priced high and reduced the price until I got bookings. If house was going to be empty the next day I dropped the price considerably


  • Options
    #5
    dontparkhere
    Registered Users Posts: 71 ✭✭dontparkhere


    JJJackal wrote: »
    Re upmarket - I guess you price appropriately eg you would pay more for a 5star hotel than a 3star. I did some a few years ago. I priced high and reduced the price until I got bookings. If house was going to be empty the next day I dropped the price considerably

    So last minute bookings are workable? Would I need to be putting it up online for taking June shortly?


  • Options
    #6
    JJJackal
    Registered Users Posts: 1,016 ✭✭✭JJJackal


    dontparkhere wrote: »
    So last minute bookings are workable? Would I need to be putting it up online for taking June shortly?

    The longer you have it up the easier it is to plan your own time. Obviously there is significant work with every rental


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    #7
    dontparkhere
    Registered Users Posts: 71 ✭✭dontparkhere


    Overall it worked out well and was a good learning experience.
    The only guests who caused minor hassle were a group of young Irish. Guests were all very respectful.
    A lot of work between guests though as a very high standard is expected.
    I would imagine it is quite a bit more lucrative towards the city centre locations.


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    #8
    Electric Sheep
    Registered Users Posts: 2,102 ✭✭✭Electric Sheep


    If you are not going to be around much, how will you handle turnover? Changing sheets, providing clean towels, cleaning the apartment, etc?


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