The WORST Summer For Our Airbnb Yet?!
In this video, we share an honest mid-summer update on our Airbnb in Joshua Tree, 2024. The summer season has been challenging, with a significant slowdown in bookings, leaving us questioning whether owning an Airbnb is still worth it. We dive into our numbers, discuss the impact of market saturation, and debate whether investing $100K in a pool is the right move to boost our rental’s appeal. Join us as we explore the realities of running a short-term rental in a competitive market, and share insights on how we're navigating the off-season struggles.
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New to our channel? Well, hi there! We're Kristen and Michael, a couple embarking on a wild adventure of transforming our dream desert home into a short-term rental biz!
As crazy as it sounds, we decided to ditch our beloved Los Angeles (which we called home for 7 years) and chase our wildest dreams of owning a piece of land in California. And guess what? We did it! We finally bought our desert house in the summer of 2021, and we've been DIY-ing our hearts out ever since!
We're talking about an (almost) complete renovation, from top to bottom! But that's not all! We're also building our business from scratch, with the goal of sharing our little oasis with our family, friends, and even strangers from all over the world.
So come on and join us on this crazy ride! We promise it'll be full of laughs, tears, and lots of DIY fails (and wins!). Welcome to our channel!
Let us know in the comments if you have any suggestions or questions for us.
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00:00 Airbnb 2024 Mid-Summer Update
00:32 Typical Summer Market Trends
00:54 Slowest Travel Season For Airbnbs
01:38 Owning an Airbnb in 2024
01:57 Is Owning an Airbnb Still Worth It?
03:08 Why This Summer Feels Different
04:15 Airbnb Market in 2024
04:37 Where Bookings Are Going
05:28 Justifying a $75k Investment
06:31 What We're Doing to Boost Bookings
07:29 How Much We're Making
09:52 What's Next For Our Airbnb
10:46 Professional Real Estate Photos Vs iPhone
12:35 Finn Content + Outro
