{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"EP190: This Week in the World of Airbnb","description":"Take a walk down the yellow brick road of Airbnb news this week for stories of brains, courage and heart, and learn about the brilliant idea behind a new startup in the ecosystem, the resolve behind the mandatory host registration in Paris, and the love story of a host in Philadelphia—who fell for one of her Airbnb guests!
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\nJasper is discussing these stories and your questions with Nicole Prentice Williams, VP of Strategic Partnerships at Hostfully. They get into the details of Loftium, the new Seattle startup that provides aspiring home buyers with up to $50K for a down payment, pending they agree to list a spare room on Airbnb and share the profits. Jasper and Nicole also cover the latest developments in the affordable housing crisis as Paris attempts to enforce its 120-day rule, and an Airbnb romance resulting from a mutual attraction between an American host and her European guest.
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\nLast but not least, Jasper and Nicole answer listener questions around Airbnb deductions and the pros and cons of back-to-back bookings. Listen in for their advice about who to contact with tax questions and why it is more lucrative to hire a cleaning service and fill your Airbnb calendar.
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\nTopics Covered
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\nArticle #1: A Down Payment with a Catch: You Must Be an Airbnb Host
\n•\tStartup founded by 29-year-old Harvard grad, Yifan Zhang
\n•\tBought Seattle townhouse, rented spare bedroom on Airbnb
\n•\tRealized income covered mortgage
\n•\tFounded Loftium to help home buyers with down payment (up to $50K)
\n•\tMust be willing to list spare bedroom on Airbnb for 12-36 months
\n•\tLoftium collects portion of Airbnb profits
\n•\tStrict guidelines (only eight ‘freebie’ days/year)
\n•\tPartnership with mortgage lender Fannie Mae
\n•\tPilot program in Seattle with intention to expand
\n•\tClearBank provides similar service for seasoned hosts with proven success
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\nArticle #2: You’ll Soon Need to Register Before Renting Out Your Paris Home on Airbnb, Le Figaro Reports
\n•\tMandatory registration opens October 2nd
\n•\tAimed at curbing city housing shortage
\n•\tRules limit homeowners to rentals of 120 days/year
\n•\tHosts have two months to comply
\n•\tSimilar policies in San Francisco
\n•\tMay be reaction to UN global housing study
\n•\tEnforcement difficult with limited resources
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\nArticle #3: Experience: I Fell in Love Through Airbnb
\n•\tReluctant host accepted same-day booking
\n•\tDrawn to guest right away
\n•\tSpent time together, mutual attraction
\n•\tPursuing long-distance relationship
\n•\tBrings up issues of professionalism, awkwardness
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\nQ1: Can I only list my home on Airbnb, or do I need to actually have rentals before the end of the year to claim deductions for this year? Can I claim deductions next year for improvements and spending that occurred this year?
\n•\tContact your CPA for accurate info
\n•\tShared Economy CPA specializes in Airbnb
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\nQ2: Does having a day before and after each booking really hurt me? I like to be able to clean the space myself.
\n•\tWill miss out on bookings
\n•\tConsider hiring cleaning service
\n•\tCost 10-20% of potential revenue
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\nResources Mentioned
\nArticle #1: https://www.nytimes.com/2017/09/18/your-money/mortgages/loftium-airbnb-down-payment.html
\nLoftium
\nFannie Mae
\nClearBank
\nArticle #2: bloomberg.com/news/articles/2017-09-16/airbnb-paris-rental-agents-to-register-from-oct-2-figaro-says
\nUN Study: Global Housing Crisis
\nArticle #3: theguardian.com/lifeandstyle/2017/sep/15/experience-i-fell-in-love-through-airbnb
\nShared Economy CPA
\nAirbnb News Facebook Group
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\nConnect with Jasper
\nEmail: jasper@getpaidforyourpad.com
\nTwitter: @GetPaidForUrPad
\nInstagram: @GetPaidForYourPad
","author_name":"Freewyld Foundry"}