Quotes of the Day

Gather at least 6 (preferable a dozen or more) similar Airbnb listings and record weekday (Sundays to Thursdays) and weekend (Fridays and Saturdays) rates for 4, 8, and 12 weeks. Taking the average weekday and weekend rates for these similar listings gives you a good baseline pricing. During your ramping-up period (typically the first 2-4 months after an Airbnb listing goes live), start at 20% lower than your baseline pricing. Wait for 1 week and see if your listing is mostly booked 2 weeks out (aim for 80%+ occupancy). If not, drop pricing by another 10% every week until you're booked 4 weeks out. If more than 4 weeks are booked within the first week, then raise prices by 10% every week until you're fully booked for the next 4 weeks or until reaching baseline pricing. After you reach the baseline pricing, sign up for 3rd-party dynamic pricing software to monitor and adjust pricing going forward automatically. [2023] - Symon He

The living standards index: Housing costs should be no more than 28 to 33 percent of yearly, pre-tax household income. "Housing costs" includes mortgage payment, utility costs, maintenance fees, and taxes. Typically, banks will not lend mortgage money if the consumer's income is too low to meet this measure. A down payment of 25 percent (or in the case of condominiums, even 35 percent) is required to qualify for a mortgage. [2013] - Dan S. Barnabic

I’ve talked with brokers who (conﬁdentially) say more than 95% of their accounts lose money and are closed out within six months. [2009] - Robert C. Miner

Most people just do the 1 year lease. If you want to charge more, offer 3 months or 6 months leases. Because you're adding the flexibility, it's added value for the tenant and so it's justified if you charge more. [2015] - Gary Wong

As important as personality characteristics may be to determine perfect matches, there is more to compatibility than personality. Couples also need to make sure they are in sync on important lifestyle choices. You could be just right for each other as personalities--and so wrong when it comes to your fundamental values, hopes, and dreams. It is extremely important to be able to talk about what your expectations and feelings are in these five areas: money, sex, children, core values, and social life. [2006] - Pepper Schwartz