Why I'm QUITTING Airbnb.

Why I'm planning to quit Airbnb and what my plan is instead.

0:00 I'm QUITTING
0:19 The #1 Reason I'm Quitting
1:46 How This Effects my House
3:17 What I'm Doing Instead
3:51 Why Not Sell?
5:51 My Honest Thoughts On The Bill...

SOURCES:

Twitter: @shelbychurch
Snapchat: shelbychurch

What Equipment I Use:

[CameronFussner]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people—at least in California, where I currently reside—are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[The-Golden-Zebra]

Just an informational correction: SB584 is not a law going into effect in California. The first committee hearing for it was cancelled at request of the author of the bill in June 2023. It’s not been voted on by our legislator and has not been signed by the governor. It was pulled.

[Vicos]

The cleaning fee is what cracks me up, and that's after they require you to clean it yourself before you leave. Cleaning is what's known as overhead.

[ModestMuse]

Non click-bait title. "Why I might quit AirBnB, in 2025, depending on how things go."

[erikaaaaaaaaaaaaaaa]

Even without this tax, it seems like a long-term rental makes a lot of sense now that you have the option to stay with your family! I am so glad to see you aren't planning to sell- I love the house too.

[jennyhammond]

I don't live nor have I ever lived in CA, but I feel the people that decide what affordable means are the people that have never had to wonder if they can afford rent/mortgage before.

[trevorbryant]

New home developers also tend to want to only build high end expensive homes. Where I live, no one builds basic, inexpensive homes anymore. There seems to be no more starter homes being built, and any such homes on the market are bought up as investment property.

[matthewthesecond]

The fact that you and your neighbor are turning your Airbnbs into long-term rentals show SB 584 is having the desired effect - more long-term housing for the city. But I agree, it doesn't seem like a holistic solution.

[ChaiLatte]

Looking at it from a neighborhood perspective. I don't live next to a hotel, but essentially airbnb can make your neighbor's house a hotel where people are checking in and out every day or every other day. I could see why cities and towns are trying to put an end to some of this. And this house is taking away from a family being able to buy it and make it their own and becoming part of the neighborhood. I live in a place where it makes zero sense to do airbnb, so thankfully don't have this issue. Does anyone here live next door to an airbnb house? Are the people loud and obnoxious? hahah

[jessicacrans]

This is the death of airbnb. The fees are already insane, and this is even more ridiculous! Who is going to pay an extra $1500 in fees?!?

[Jeroen]

The other day I checked out your AirBnB to see what a typical night would cost and I was shook by the additional expenses 😳Affordable housing is a tough subject, it's also quite a problem over here. As with many problems like this, there is not a single, simple solution.

[trevorbryant]

Sadly homes have gone from a roof over your head to investment properties where the costs get jacked up to where people can't afford the homes. Everyone want to sell their home for a profit, even when it's not worth it. Sadly AirBnB have removed so many homes from the market which makes in nearly impossible to find affordable housing. And since most wages do not increase at the same amount as other expenses, people just can't afford basic housing.

[toofast]

Having owned several rental properties, my experience leads me to this conclusion: I wouldn't do it again at gunpoint.
The 2am maintenance calls.  
The non-paying tenants.  
The eviction process.
Unless you're willing to give most of your profit to a "Property Manager".
If you're looking for true passive income, invest in the stock market.

[paulringopedrera]

Shelby girl, your transparency is a gem!! 💎💎

[PKDN]

I know you were discussing some serious stuff but wanted to say I liked how integrated the sponsor was. The floating 3D graphics were noticeable but didn’t interrupt the topic which allowed me to continue paying attention and didn’t lose focus

[mikefranks]

Maybe you did the same research on this bill that you did when you bought that house without getting inspections. Just be honest and say you jumped in over your head and don't really know how the real estate investment game works.

[Skapo]

Nice! Single Family residences have absolutely been overtaken by corporate interests & AirBnB has been a massive drain on the available housing market. When most young people are expecting to never be able to own a home in their lives, we'll take any wins we can get.

[heyitsfatyma]

I really don’t know how to say this nicely and in the most respectful way possible… I think it’s a bit hypocritical of you to say that “teachers should able to afford a house, “ when you plan on charging 6k in rent.

[PCGonline]

took an L on the property... just admit it

[musicessexx]

My old boss had 12 single family homes on airbnb in Denver. Lots of times some of those houses sat empty because they didn't book. For this one guy to have TWELVE houses in his possession so he could list them on an app is crazy to me! How many other people are hoarding homes for short term rentals?