#2302 - Failure Friday: Airbnb Is Harder Than It Looks
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 21 April 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
In this week’s Failure Friday segment, we hear from a New York City resident who tries—and fails—to navigate the city’s tough rules on rentals.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | If you live in a big city, why not get an extra apartment and rent it out on Airbnb? |
| 0:15.1 | Hey, how hard can it be? |
| 0:17.4 | It works for everybody, right? |
| 0:18.6 | Everybody makes a lot of money doing Airbnb. |
| 0:20.8 | Well, that's actually not how it works. |
| 0:23.5 | In fact, a lot of people end up losing money on Airbnb. |
| 0:26.6 | A lot of people find that it's harder than it looks. |
| 0:29.9 | And in cities like New York, and it's not just New York, we're going to hear from somebody |
| 0:34.2 | calling in from New York today. |
| 0:35.6 | But lots of other cities as well, there is a lot of regulation around Airbnb rentals |
| 0:41.3 | or other vacation rentals that makes it quite difficult to be profitable, or even just |
| 0:45.6 | to operate in general. |
| 0:47.0 | So with that in mind, welcome to Side Usal School. |
| 0:49.2 | My name is Chris Gellibot. |
| 0:50.2 | Today, we're going to have a story in the segment known as Failure Friday. |
| 0:55.1 | Failure Friday, a collection of short stories about mistakes, missteps, disasters, and of |
| 0:58.7 | course failure, all of these things that go wrong. |
| 1:01.8 | So somebody's got what they think is a great idea. |
| 1:04.4 | And once they put it into action, reality hits, and they realize maybe it's not as easy |
| 1:08.3 | as they thought, or maybe something comes along that proves to be difficult or challenging. |
| 1:13.3 | And we like to see how do people navigate that situation? |
| 1:16.3 | And what do they learn from it? |
... |
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