I hand-waved the offer away and they proceeded to make noise (indoors) until 5AM. They proceeded to deliver a guilty, half-assed effort to correct the wrong and pay cash for the extra 3 people. So what did I end up doing!? Of course, I politely asked that they move the party inside, due to the City Noise Ordinance rules. If instantly tried in a court of law, Judge Judy would surely have given me permission to go ballistic on their asses, by grabbing the nearest fire extinguisher and letting them have it like the filthy animals they are! Upon busting up their outdoor party, I discovered that they were actually a group of 7! THEY WERE CAUGHT! They had committed Airbnb fraud by only booking our basement for 4 people, thereby reducing their total cost by almost $200!! When the group returns at 3AM, they’re so drunk and noisy outside on the back deck that an intervention was required. One lady made a reservation for 4 guests and confirmed this upon check-in. I’ll tell you about the worst group so far, since people love horror stories. For the most part, people check-in around 3pm, almost immediately go out, then get home around midnight, sleep, wake up around 10am and immediately check-out to go eat breakfast. After all, we’re not running some sort of trashy Howard Johnson’s operation here!!Īirbnb guests so far have been friendly, respectful, and quiet. The sheets must be fully cleaned again, to maintain and ensure quality standards! Of course she’s right. What a gift! Now we can maybe just gently vacuum the top of the sheets and we’re good to go? WRONG, BUSTER. For example, we had a group of peaceful stoner guys from Atlanta who opted to sleep on top of the bed sheets overnight. She’s a hard worker who doesn’t allow short cuts to be had, no matter how much I plea. I would like to take a moment to celebrate Amanda as the champion of hotel standards. Although cleaning up, making beds, and washing sheets & towels is fairly labor intensive and gets old quick. Not bad, right? Well, that really depends. And we still haven’t really opened up the calendar for November and December. The average per night income we get from Airbnb is: $14,350 / 68 = $211 per night. Asheville draws in weekend tourists, and most of our guests stay Friday and/or Saturday nights. So far in 2017, we’ve earned $10,038 renting out our basement floor (2 bedrooms, 1 bath, private outdoor entrance). If this Bruno analogy is accurate, then all we need to do is buy a junkyard replacement door for… our financial portfolio? Wait, what? Junkyard Replacement Door #1: Airbnb Income Is that all? NO WAY – we then drove to a crazy junk yard in the middle of Trumpland, NC and bought an almost brand-new replacement door off an old junked 4Runner for $200! Bruno is gonna look better than ever!!! We did the opposite and proceeded to give him love by changing his oil and giving him new spark plugs. After he suffered damage, did we simply give up on him? Scratch off his VIN and abandon him on the side of a road? HELL NO. No, he’s not looking great at the moment, but by gosh Bruno is still a damned good truck. Just like how Bruno got hit last month and had his side smashed up. In essence, our financial life plans have taken a hit. Our portfolio (excluding the house, for simplicity’s sake) is currently $840k and we would be more comfortable if it was $900k. If we wanted to be as wildly conservative as possible, we would ignore the fact that we own the house and build our base back up to our original plan of a $1,000,000 portfolio, drawing 3% from it annually to fund our life. By buying this home, we were essentially blowing up our original plans and would have to start hustling to grow our base back up. We essentially blew it and The Jig Was Up. One year later, we proceeded to buy a $275,000 home in Asheville that was over our budget. Considering 80 million Americans currently live on less than this, surely it’s doable. We had it all figured out – all we had to do was follow the 3% Rule (our Safe Withdrawal Rate) and live on no more than $30,000/yr (which is 3% of $1,000,000). I’ve written blog posts boldly proclaiming “Working for the sole purpose of making money sucks! I never want to do it again!”. We saved up $1M and had the audacity to quit our jobs to travel and live life. Money is certainly the upside, but what are the downsides?įor anyone following our financial story, we’re a beautiful loving pair of very old millennials. They paid us $930 to stay in our basement suite for three nights and were close to perfect guests. But how lucrative has it been for us? Over this Labor Day weekend, we hosted a group of five 50 year old guys who were in town for a soccer tournament. We’ve mentioned several times about our foray into the world of hosting strangers in our home overnight this phenomenon made popular by the online company Airbnb.
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