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Great Airbnb rental in Palermo

Thanks @Cheap Bastard! Yes my rates are about $125 USD per night. During slow season it was $100 USD per night but that is the lowest I have charged. Weekly and monthly discounts. But I don't get all of that. Airbnb charges the renters a %. I'm not sure how much and part of that is for maid and laundry which I don't get. Those costs have really gone up in the past year but that gets charged to the rental guests. It has been a very good investment. The value of the property shot up too in both apartments I purchased in BA.

I am told that many apartments can't charge these kind of rates. I spent a lot furnishing my place. The mattress alone was $1,500 USD. I spent about $25k USD furnishing my place.
@Johnny how long did it take you to furnish your apartment? Did you get help with that? My friend is doing it now and it is taking months and months and some places don't even get back to her and she paid 50% deposits. She is getting worried she got scammed. Beautiful place.

Those rates sound high for Buenos Aires Airbnb's. Many don't look as nice but saw your Airbnb calendar and you are full! Congrats.

I saw the link of that other studio. Gorgeous. I see it also has all 5 star reviews. Do you own that apartment too? Are you interested in selling one?
 
Bravo Johnny! What are expenses like for you? They were really skyrocketing when I moved. Have they slowed down at all? Going high end is the way to go in BA.
Hi @James Bond. Expenses keep going up. Still not bad compared to US prices. I posted about my expenses and how they keep going up here. I hope they slow down but utility prices keep going up so I doubt they will stop going up.

@Johnny how long did it take you to furnish your apartment? Did you get help with that? My friend is doing it now and it is taking months and months and some places don't even get back to her and she paid 50% deposits. She is getting worried she got scammed. Beautiful place.

Those rates sound high for Buenos Aires Airbnb's. Many don't look as nice but saw your Airbnb calendar and you are full! Congrats.

I saw the link of that other studio. Gorgeous. I see it also has all 5 star reviews. Do you own that apartment too? Are you interested in selling one?
Hi Bettina and everyone else that sent me DMs. I just got back from Asia so catching up on messages. I don't manage my Airbnb. I hired @BuySellBA to purchase my apartments. I also hired their interior designer to buy all my furniture and furnish it. They bought about 7 apartments in that building and as far as I know they are managing all of them.

The process on the furniture took a long time. They don't have stores there that have a lot of inventory like the U.S. They might not be answering because in December and January many are on vacation. Fortunately mine was already done but other owners I spoke to in December had to wait because the entire company went on vacation! But from what I heard there are a lot of scams. I wouldn't do it on my own.

I will never sell this apartment. I got many offers already and while they were building it. It does very well as a rental so not going to sell it. All of the apartments in this building have high occupancy. I think there are a few units in the building that I am buying in. It's a few years from being done but last time I checked there were a few units left. It is the same constructor.
 
Hi @James Bond. Expenses keep going up. Still not bad compared to US prices. I posted about my expenses and how they keep going up here. I hope they slow down but utility prices keep going up so I doubt they will stop going up.
Good to hear from you Johnny. Good god that is a 415% jump in one year! That is worse than I thought. Didn't you just buy your apartment. They jumped up 415% in one year??? That was why I moved to Spain. I knew prices would go up but there seems like no slow down. I see utilities still going up and inflation looks like this month with the new change it would be 5% or 6%.

Thanks for sharing that. I am more convinced than ever this won't end up well. Salaries are still less than inflation. That can't continue for too long before the kool aid wears off.
 
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