Thousands of courses for $10 728x90

الأربعاء، 3 يوليو 2019

Live in San Diego? You Could Make Money With This Side Gig All Year Long

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

So you live in San Diego, the land of beaches, beautiful weather and a bunch of tourist attractions.

Have you thought about becoming an Airbnb host? In a region that’s so expensive to live in, home sharing can be a great way to supplement your income. Thousands of Airbnb hosts list places in and around San Diego, according to data from the home sharing platform.

“There’s so much to do here — the beaches, the harbor, all the microbreweries. Within one hour from here, you could be in the mountains or the desert,” says JoAnn Jaffe, a 60-year-old Airbnb Superhost. “It’s just a great place to be. There’s always something going on here.”

Between the beaches, attractions like SeaWorld San Diego, and annual events like San Diego Beer Week, there’s a demand for space year-round.

If you’re curious to see how much money you could make by listing your San Diego space, use the Airbnb calculator:

Then, follow our step-by-step guide to set up a listing in the San Diego area.

How to Create the Best Airbnb Listing in San Diego

Before becoming an Airbnb host, you’ll want to check your local laws and prepare your space for guests. (We’ll get into that later.) Creating a listing itself is simple, but you’ll want to put some thought into it, so your space stands out from all the others.

We’ll walk you through the process, plus share some pro tips from Jaffe, a yoga instructor and nonprofit organizer who lists a three-room suite in her historic home near the San Diego Convention Center. She’s been hosting since 2014.

Answer Some Quick Questions About Your Space/Amenities

In this first part of setting up your listing, you’ll answer some basic questions about your space, which could be anything — an apartment, an extra bedroom or house, a campsite, yurt or even an RV, depending on your local laws.

Basic questions in this section include the number of guests your space can accommodate and the included amenities.

If you don’t have an entire place, list your spare room.

Set the Scene With Photos

With Airbnb listings, photos are everything. “Have a good photographer,” stresses Jaffe, whose listing highlights the beauty of her restored historic Victorian home and its remodeled kitchen.

The platform offers some basic photo tips, which include utilizing natural light, avoiding flash, and shooting in landscape mode from the corners of rooms, so you add perspective.

Think about what makes your space and your location appealing, and illustrate those elements through photos. You might also include photos of the surrounding neighborhood and nearby tourist attractions. If you’re near the beach or the San Diego Zoo or the Gaslamp Quarter, include a picture of that! 

Write a Description

Once you hook people with your photos, continue to lead them through your listing with the description.

Here, you’ll be able to highlight what makes your space unique — in Jaffe’s case, it’s the historic nature of her home and the availability of a three-room suite. 

If you’re not sure where to start, take a look at other Airbnb listings in your area to see what other hosts highlight. In San Diego, hosts’ listings often make a point of noting exactly where in San Diego they’re located. So you’ll see titles like “Small Room Gaslamp/SeaWorld” or “RV near Mission Bay.” 

After you host several guests, you’ll get to know your audience, so you can lean into that. 

Name Your Listing

This might seem like a small task, but naming your listing is just as important as nailing your photos. Airbnb urges hosts to create a title that highlights what’s unique about the space.

Jaffe’s listing is named “San Diego Historic Victorian Private 3-Room Suite,” which highlights the most appealing things about her property. A three-room suite isn’t always easy to find on Airbnb, and the historic nature of her home appeals to certain travelers.

Set House Rules

Airbnb has a set list of rules you can opt into if you’d like them included in your listing. A few of these include: suitable for pets, smoking not allowed and whether events or parties are allowed. You also have the option to write in additional rules.

Jaffe, for example, prefers to be present when her guests first arrive. “I’ve chosen not to have anyone come here when I’m not here to greet them,” she says. 

Set up Your Calendar

Taking time to set up your calendar is important, because if you cancel on your guests, Airbnb will charge you a penalty fee.

A few questions you’ll answer include:

  • How often do you want to have guests?
  • How much notice do you need before a guest arrives?
  • When can guests check in?
  • How far in advance can guests book?
  • How long can guests stay?

You’ll be able to adjust these settings as you go, so you can find out what works best for you.

Price Your Space

Airbnb has a Smart Pricing tool, which you can opt into to automatically adjust the price of your listing according to demand. For example, when the demand spikes during San Diego Beer Week every November, Airbnb will likely increase the price of your listing automatically.

You can set price minimums and maximums, so your listing won’t dip below a certain amount or spike to something unrealistic. Although Airbnb will suggest these amounts when you’re signing up, Jaffe urges new hosts to do their own research.

Here are a few tips to help you determine these numbers:

  • Consider your expenses, i.e. utilities, cleaning and any maintenance requirements.
  • Be realistic.
  • Search other Airbnb listings in your area and price just below those.

When you’re starting out, you’ll want to price your place lower, so you can get guests in and accumulate reviews, which will help increase bookings in the long run.

Note Your Local Laws

You’re almost done setting up your listing! Now Airbnb will remind you to familiarize yourself with your local laws.

San Diego officials have long debated restricting short-term rentals in the city, but there currently are no clear restrictive rules. In the city of San Diego, you have to get a Transient Occupancy Registration Certificate, which you can do online. You also have to pay a 10.5% tax on your rental income, which Airbnb collects and remits on behalf of hosts.

Also Consider…

In addition to hosting laws, you’ll also want to check with your homeowners association or landlord to make sure short-term rentals are permitted.

Also note that short-term rentals could invalidate some homeowner’s insurance, so check these policies with your provider.

Airbnb also includes liability insurance for up to $1 million, but Jaffe suggests setting aside some money for damages. 

As you start booking guests, you’ll also want to keep tabs on expenses and revenue for tax purposes.

She also reminds hosts to take advantage of tax deductions. Because she has guests staying in her space, she can deduct many charges as business expenses, including utilities, furniture, home improvement, even electronics — basically anything guests will also benefit from or use.

Listen to Feedback from Your Guests

If there’s anything about your guests’ experience you need to improve, they’ll let you know. All you have to do is listen.

“Guests would tell me things, and I would accommodate them,” Jaffe says. “Someone would say, ‘You need a hook for the towels right by the bath,’ or ‘You don’t have enough wine glasses.’ So I went out and bought wine glasses.”

 “I didn’t take the comments personally. I used them to inform how I was going to be a good host.”

Ready to Give This Whole Hosting Thing a Try?

How are you feeling? Like we said, listing your place on Airbnb is simple — but it does require some creativity and strategy. The good news is you can adjust or change your information and settings at any time, so you’re not locked into anything permanently.

Jaffe’s favorite part of hosting has been all the interesting people she’s met.

“Everyone who comes here has been genuinely nice and joyful and happy to be here,” she says. “They always thank me for opening my home.”

Her income from Airbnb allowed her to leave her corporate job and launch her own nonprofit organization, OG Yoga, which brings yoga to at-risk populations in juvenile halls, jails, and boys and girls clubs.

“If I didn’t have some money coming in, I wouldn’t have been able to jump off the ledge and start this nonprofit,” she says. “It has just added value to my life.”

Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



source The Penny Hoarder https://ift.tt/2NvP0g0

Already cautious businesses grow even more wary about hiring

NEW YORK (AP) — Corri Smith is planning to hire a full-time project manager for her public relations firm and make her part-time assistant full-time. But she has a wary eye on the economy."It's been a long time since we've had some trouble in the economy. It can't all be wonderful — something will happen," says Smith, owner of Charlotte, North Carolina-based Black Wednesday.Smith, who believes an economic downturn is likely in the next 12 to 18 months, says. "I [...]

Source Business - poconorecord.com https://ift.tt/2XKQFlF

In Trump aid package for farmers, many blow past caps

MINNEAPOLIS (AP) — When President Donald Trump's administration announced a $12 billion aid package for farmers struggling under the financial strain of his trade dispute with China, the payments were capped. But many large farming operations had no trouble finding legal ways around them, records provided to The Associated Press under the Freedom of Information Act show.The government paid out nearly $2.8 million to a Missouri soybean-growing operation registered as three [...]

Source Business - poconorecord.com https://ift.tt/2JqmabD

Personal Debt Is Not a Tool

Perhaps the single biggest reason that people get themselves into a deep debt hole is that they buy into the idea that personal debt is a tool that allows them to get things they want now rather than having to wait.

Want a house now? Get a mortgage.

Want a car now? Get a car loan.

Want to go back to school now? Get a student loan.

Want that pair of AirPods now? Whip out the credit card.

Want a bedroom set now? Sign up for the payment plan.

In every single one of those situations, a person is getting something they want – not need, want – right now without having to pay for it right now. Instead, the person that has to pay for it is their future self, and that future self is going to have to pay more than the sticker price.

Want a $200,000 house now? Sign up for a 30 year $200,000 mortgage at 4% and you’re putting your future self on the hook for $343,739.

Want a $25,000 car now? Sign up for a 60 month $25,000 car loan at 3.25% and you’re putting your future self on the hook for $27,120.

Want to go back to school for 4 years at $10,000 a year? Sign up for a 10 year $40,000 student loan at 5% and you’re putting your future self on the hook for $50,911.

You’re getting the picture. Get something now, pay more later.

Here’s the catch: it’s almost never something you need right now. Sure, you might be able to make a case for needing a student loan right now and possibly argue for a mortgage, but there’s almost no other debt that constitutes a need (I’m not really convinced those two are needs, either, but at least there’s a debate there).

Rather, those things are all things you want. You want that shiny car. You want that new bedroom set. You want those AirPods. You want that house rather than the apartment.

So, let’s change that picture a little. Let’s not look at debt as a tool to get what you want.

Rather, look at debt as a mousetrap with the thing you want being the delicious cheese baiting the trap. In terms of your finances, that’s a much stronger and more accurate metaphor.

You’re a mouse, and you want that cheese. It’s just sitting there right out in the open. All you have to do is go grab it… but then the trap comes down on you.

You’re a person, and you want that car/AirPods/bedroom set/house. It’s just sitting there right out in the open. All you have to do is go grab it… but then the trap comes down on you.

In both cases, all that’s really needed is a bit of patience.

The mouse can just wait until everyone goes to sleep and then raid the kitchen, free of traps.

You can start putting money aside for the thing that you want and when you’ve saved enough you can just go buy it out of pocket.

Yet, in both cases, when impatience wins out, the pain begins.

Don’t look at that credit card as a tool. Rather, it’s a trap, disguised as a tool. The same goes for that car loan and that payment plan and, often, that mortgage.

What do smart mice do when confronted with a mousetrap? They avoid the trap entirely, or else they figure out some way to get the cheese off of the trap without getting caught.

You should apply the same two tricks in your life.

Avoid the Trap Entirely

This is a better strategy for bigger items, things you might “buy” with a big collateralized loan like a car or a house.

Rather than buying the big item right now, you wait for a while and make monthly “payments” to a savings account or investment account instead.

For example, let’s say you want to buy a late model used car and plan to borrow $15,000 to do so. You have good credit, so you can get a 60 month loan for 3.25%, or $271 a month.

Here’s the thing: rather than spending $271 a month for 60 months on that loan, you can simply put $250 a month into a savings account for 60 months and buy the car with cash. That saves you $21 a month. Alternately, you could put $271 a month into savings and be there in 55 months, eliminating the last five “payments.”

When a mouse avoids the trap entirely and just patiently waits for the nighttime, the mouse almost always winds up with many more food options and a lot more flexibility when it comes time to get food out of the night kitchen.

When you avoid the trap entirely and just save up the money yourself, you almost always wind up with more money in your pocket and a lot more flexibility when it comes time to actually make the purchase.

Get the Cheese Without the Trap

This approach works better for smaller purchases, like the AirPods or perhaps the new bedroom set mentioned earlier.

Here, rather than just using debt to buy what you want, you simply make a few lifestyle choices to come up with the money. You eat very frugally at home all month and suddenly you can afford the AirPods. You sell a bunch of unused and unwanted stuff from your closet and suddenly you can afford the bedroom set.

In other words, if there’s something smaller that you want, it’s likely that the cash you need to buy it is already available in your life and you can free it up by just making some better lifestyle choices.

On the other hand, you could throw those $160 AirPods on a 29.9% APR credit card and pay $5 a month to pay it off… but you’ll be paying for 65 months and you’ll end up paying more in interest alone than the cost of the AirPods (yup, $324 total).

When the mouse finds a way to knock the cheese off the trap without getting caught in the trap, the mouse gets the desired feast right now without being entangled in the grip of the trap.

When you find a way to come up with the money to buy what you want without getting entangled in credit card debt, you wind up (again) with more money in your pocket over the long term and with the item in hand quite quickly.

Final Thoughts

Because credit is so available and loans are usually just a form or two away, debt seems like such a convenient option when we want something. Often, we swipe that card so quickly that we barely even think about it, or we fill out those forms while listening to a salesperson nudge us onward.

Financial success is about avoiding the trap of chasing those temptations.

If you can apply just a little patience and some willingness to save, almost any big expense you want in life will eventually be yours without signing your future over to a bank.

If you can simply cut a few expenses in the next few weeks, almost any smaller expense you want in life will be yours without increasing the balance of a credit card.

Debt sits out there like a well-baited mouse trap, waiting for the foolish mouse to walk onto it and take the bait… and then they’re caught.

Don’t be the mouse. Debt is not a tool that will help you get what you want right now. Debt is a trap that will entangle you and empty your wallet.

Good luck.

The post Personal Debt Is Not a Tool appeared first on The Simple Dollar.



Source The Simple Dollar https://ift.tt/2Jkd0NC

Moneybox launches best-buy Lifetime Isa with a 1.4% rate

Americans Are Working Too Much. Blame Hustle Culture.

Millions warned to renew tax credits before 31 July or they could be stopped