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Mary Alice Ruppert
REALTOR®, ABR, AHWD, CRB, ePro, GRI, SFR
Licensed Associate Broker
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Date Archives: November 2019

Live, Love, Long Island Blog Home

Buy a home | 24 Posts
Homeownership | 25 Posts
Long Island, NY | 55 Posts
Nassau County | 1 Posts
Relocating | 1 Posts
Sell a home | 18 Posts
Uncategorized | 1 Posts
November
18

Pros and Cons of Jumping on the Airbnb Bandwagon

Airbnb Hosting - Long Island - Coach REALTORS

Are you thinking about capitalizing on the Airbnb trend and purchasing a rental property? You're certainly not alone! Millions of homeowners around the world have embraced Airbnb as a second or even primary source of income, but success isn't as simple as shopping for a Suffolk County home for sale and setting up a mattress in a spare room. Prepping your home to become part of the hospitality industry isn't for everyone, and it takes work to turn your home into an Airbnb earner. Our REALTORS® are here to help you make an informed decision, with a look at the pros and cons of jumping on the Airbnb bandwagon.

Should You Consider Airbnb?

  • Turn a Second Home or Spare Room into Extra Income
    Let's start with the biggest pro, and the reason you're probably interested in Airbnb in the first place. If your home has a good location and you prep it properly, you can turn your Airbnb property into a significant source of income. It takes work to excel with Airbnb, but if you stick with it, the payoff can be significant. You can rent out unused space in your own home, or purchase a property specifically as an Airbnb investment. Either way, you can generate extra income without Airbnb being your main job.

  • Prepping a Home for Airbnb Can Be Costly
    While you can certainly generate significant income with an Airbnb property, the eventual payoff often comes with a substantial upfront cost. If you're renting out a home through Airbnb, your customers will expect a home that's ready to host guests. That may require significant renovations to create a comfortable, inviting space. You'll also need to think about the costs of utilities, cleaning, landscaping, and anything else required for your property to look its best.

  • Competition Is Fierce
    Part of the reason that prepping a home for Airbnb can be costly is that the level of competition can be quite high. There are millions of Airbnb properties around the world, and you'll also be competing with local hotels for business. While competition is far from a dealbreaker, it's important to recognize that an Airbnb home isn't a turnkey investment.

  • Show Your Love for Your Community
    Do you love the place that you call home, and enjoy helping people discover all that your community has to offer? As an Airbnb host, you put yourself in a perfect position to promote your community and draw new business to the area.

  • Local Regulations Can Make Things Complicated
    Before making the leap with Airbnb, it's critical to check out the local regulations for rental and hospitality properties. There may be limits on how long you can rent out the property, and taxes can vary significantly based on location. You'll also want to check whether your mortgage lender allows you to sublet the property and look at how renting the property out will impact your homeowners insurance.

  • Becoming Part of the Hospitality Industry
    Behind every Airbnb success story, there's usually an enthusiastic host who loves making guests feel at home. If you love helping guests feel comfortable and pointing them toward the best local attractions, then Airbnb may be for you. If you don't like the hospitality side of things, then a traditional rental property may be a better fit.

Whether you're looking for a home that allows you to become part of the sharing economy with Airbnb or simply searching for the perfect place to call home, we can help. Contact us to buy and sell homes throughout Suffolk County.

November
11

Holiday Shop Local at These Long Island Craft Fairs

Long Island Holiday Craft Fairs - Coach REALTORS

It's hard to believe that the holidays are just around the corner, but yes, it's true! Finding the perfect gift for that special someone can be challenging, but one of the great things about living on Long Island are the fun, quirky arts and crafts fairs.  Our REALTORS® love checking out what local artisans have to offer—here's a sampling of some of their fave fairs to hit for holiday gifts.

  • Walt Whitman Fine Art & Crafts Fair -  Walt Whitman High School, 301 W. Hills Road, Huntington Station | Saturday, November 23rd
    With more than 100 vendors offering handcrafted items only, this fun festival is the perfect place for holiday shopping while checking out beautiful  Huntington homes for sale. Admission is $2.00 for those over 12 years old—proceeds go to building a beautiful art gallery for Walt Whitman students.

  • East Islip Craft & Gift Fair - East Islip High School, 1 Redmen St., Islip Terrace, NY  | Saturday & Sunday,  November 23rd & 24th
    This free fair offers a wide array of handmade crafts, art, and all types of unique gift ideas. Enjoy food provided by the East Islip High School PTSA—their famous meatball sub is a can't-miss local favorite. You can also find local authors signing books. While you're in the area, get even more of a feel for the community by checking out East Islip homes for sale.

  • Deepwells Holiday Boutique -  Deepwells Farm Historical Society, 2 Taylor Lane, St James, NY | Saturday & Sunday,  December 7th & 8th
    This special holiday-themed event showcases handcrafted items like ceramics, jewelry, stained glass, handmade dolls, ornaments, fiber arts, photographs, paintings, and much more. This historical property is also home to Deepwells Mansion, which hosts a haunted house, concerts, and other events throughout the year. So take a break from looking at Smithtown homes for sale, learn a little local history, and find the ideal gift for that special someone.

  • Northport Craft Fair - Northport High School, 154 Laurel Hill Road, Northport, NY | Saturday & Sunday,  December 7th & 8th
    Long Island's largest indoor craft fair features more than 200 exhibitors selling original photography, art, jewelry, textiles, and more. Looking for gifts for foodie friends? Choose from a selection of organic olive oils, jellies, chocolates, baked goods, teas, and local honey. Refreshments served by the Northport Hight School DECA Club.

  • Art League of Long Island's Holiday Fine Art and Craft Fair - 107 E Deer Park Rd, Dix Hills, NY | Saturday & Sunday,  December 7th & 8th
    There's no shortage of arts and crafts fairs the weekend of December 7th, so get in the car and check out a few while you're searching for Dix Hills homes for sale! Now in its 56th year, this annual juried fine art and craft fair features original pieces in all mediums from Long Island artists and crafters. Shop local, support Long Island artists and find unique, one-of-a-kind gifts for your loved ones!

  • St. James-Smithtown Craft Fair - Smithtown East High School, 1 School St., Saint James, NY | Saturday & Sunday,  December 14th & 15th
    Check out handcrafted new and vintage jewelry, homemade candy, wreaths, holiday decorations and décor, and handcrafted organic soaps and body products, and so much more at this much-loved local craft fair. Refreshments served by the Smithtown College Scholarship Committee.

Ready to begin your search for a beautiful Long Island home? Contact us at Coach REALTORS® to get started today.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2022. The listing information on this page last changed on 05/18/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of OneKey MLS (last updated Wed 05/18/2022 7:14:28 PM EST). Real estate listings held by brokerage firms other than Coach Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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