Someone has to do it.
You only have one chance to make a good impression before someone will move on to the next listing. The photos of your space make up a huge part of it. Listings with great photos have significantly higher traffic, which leads to higher bookings.
I’ve had some great experiences meeting guests, from wine nights to Elf on the Shelf. Overall, I find guests are respectful of my space. Many leave my house as clean as they found it. I regularly get asked about any negative AirBnB experiences, so I’ve decided to keep a running list. None of the following are bad enough that I’d hesitate to continue hosting.
I had a very specific list of wants when I was buying my second house, including no pool. Then I picked a fancy area where over 95% of the houses have pools and found a foreclosure for 77% of market value. “I guess I’m about to learn how to maintain a pool!”
Before closing on my second house, I would balk at even the idea of a 401k loan. That money is earmarked for retirement and is supposed to be growing tax free. The loan is almost always a slippery slope that leads to less savings, especially since it’s mentally easier to take a second loan after the first. The momentum from compounding/investing is lost when the money is taken out of the account. There were small fees for my administrator. I didn’t mind paying myself interest, but still. Additionally, if I wanted to quit or was laid off from my job, I would have to repay the loan in full. With great trepidation, I decided to take out the loan anyway so that I could purchase my house.
Debt may not seem like a big deal, but having debt deeply affects your lifestyle. Even small amounts of debt cause people to lose sleep, weigh on the mind, and can impact your relationships. Large debts can lead to large monthly payments which can lead to even more debt. Job loss can wipe out a debt-laden family. Even if you only have a small amount of debt, it needs to be addressed now before it becomes a big problem.
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