Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management EP187: Amsterdam’s Biggest Airbnb Critic
Sep 11, 2017
24:56
As the saying goes, ‘Keep your friends close and your enemies closer.’ So when Jasper had the chance to speak with one of Airbnb’s fiercest critics in Amsterdam, he took full advantage of the opportunity and invited the journalist to be a guest on this week’s Get Paid for Your Pad.
Sander Schimmelpenninck is the editor-in-chief of Quote magazine, a Dutch monthly publication most well-known for the Quote 500, a list of the 500 wealthiest people in the Netherlands. Quote focuses on the business, finances, and networks of life at the top. In 2014, Sander wrote an opinion piece on the dangers of Airbnb in the Amsterdam market, discussing the impact of the vacation rental platform on the city as its concept shifted from that of a shared experience to a money-making machine for real estate investors avoiding income tax. He shared his concerns about the lack of regulation and how Airbnb made it increasingly difficult for Dutch residents to find an affordable home in a city overrun with the wrong kind of tourists.
Though he is not opposed to Airbnb as a concept, Sander does advocate for local governments to establish legislation specific to the needs of each city. Today he shares his love-hate relationship with the vacation rental market, explaining why regulations were necessary in Amsterdam, the downside of hosting so many tourists in the city, and his take on short-term rental management companies. Listen in as Jasper and Sander debate the pros and cons of Airbnb!
Topics Covered
Sander’s introduction to Airbnb
•First heard about platform when traveling west coast of US
•Family members enthusiastic about concept
•Friends started using as hosts, some made lifestyle
•Sander annoyed by fact that people not paying taxes
Why Sander wrote the anti-Airbnb article in 2014
•Airbnb still relatively small
•Sander saw what platform could do
•Real estate moguls renting to tourists to double their money
•As small, densely populated city, Amsterdam vulnerable
•Favored concept during crisis, helped regular people
•Real estate investors buying property solely for Airbnb
•Important that Dutch who want to live in city can find affordable home
The downside of tourists vs. Dutch renters
•City branding attracts certain type of tourist (drug use, prostitution)
•Short-term rental platforms bring in low-cost travelers
•Tourists not invested in property as home
The current Airbnb stats in Amsterdam
•15,000 active rentals
•$178 average daily rate
•75% entire homes, 25% private rooms
•Can only rent entire home for 60 days
•10,000 active hosts (88% single listing, 12% multiple listings)
•18% Superhosts
•Hosts with multiple listings comprise 38% of available listings
Sander’s take on Airbnb regulations in Amsterdam
•Necessary to stabilize tourism
•60 days still quite long (30 days would be better)
•Meeting tourists in shared hallway, doesn’t feel like home
•Sander endorses shared rooms on Airbnb
Why Sander supports regulations specific to each city
•Some cities rely on tourism for economic development
•Empty homes make regulations unnecessary
•Holland boasts strong economy, need people to live and work there
Sander’s attitude toward other vacation rental platforms
•booking.com very aggressive, focus on promoting short-term rentals
•Attracts different kind of traveler than Airbnb
•All platforms should follow same rules as Airbnb
How Sander views short-term management companies
•Some companies legit, don’t take illegal listings
•Others aggressive, must rent illegally to afford up-front payment
Sander Schimmelpenninck is the editor-in-chief of Quote magazine, a Dutch monthly publication most well-known for the Quote 500, a list of the 500 wealthiest people in the Netherlands. Quote focuses on the business, finances, and networks of life at the top. In 2014, Sander wrote an opinion piece on the dangers of Airbnb in the Amsterdam market, discussing the impact of the vacation rental platform on the city as its concept shifted from that of a shared experience to a money-making machine for real estate investors avoiding income tax. He shared his concerns about the lack of regulation and how Airbnb made it increasingly difficult for Dutch residents to find an affordable home in a city overrun with the wrong kind of tourists.
Though he is not opposed to Airbnb as a concept, Sander does advocate for local governments to establish legislation specific to the needs of each city. Today he shares his love-hate relationship with the vacation rental market, explaining why regulations were necessary in Amsterdam, the downside of hosting so many tourists in the city, and his take on short-term rental management companies. Listen in as Jasper and Sander debate the pros and cons of Airbnb!
Topics Covered
Sander’s introduction to Airbnb
•First heard about platform when traveling west coast of US
•Family members enthusiastic about concept
•Friends started using as hosts, some made lifestyle
•Sander annoyed by fact that people not paying taxes
Why Sander wrote the anti-Airbnb article in 2014
•Airbnb still relatively small
•Sander saw what platform could do
•Real estate moguls renting to tourists to double their money
•As small, densely populated city, Amsterdam vulnerable
•Favored concept during crisis, helped regular people
•Real estate investors buying property solely for Airbnb
•Important that Dutch who want to live in city can find affordable home
The downside of tourists vs. Dutch renters
•City branding attracts certain type of tourist (drug use, prostitution)
•Short-term rental platforms bring in low-cost travelers
•Tourists not invested in property as home
The current Airbnb stats in Amsterdam
•15,000 active rentals
•$178 average daily rate
•75% entire homes, 25% private rooms
•Can only rent entire home for 60 days
•10,000 active hosts (88% single listing, 12% multiple listings)
•18% Superhosts
•Hosts with multiple listings comprise 38% of available listings
Sander’s take on Airbnb regulations in Amsterdam
•Necessary to stabilize tourism
•60 days still quite long (30 days would be better)
•Meeting tourists in shared hallway, doesn’t feel like home
•Sander endorses shared rooms on Airbnb
Why Sander supports regulations specific to each city
•Some cities rely on tourism for economic development
•Empty homes make regulations unnecessary
•Holland boasts strong economy, need people to live and work there
Sander’s attitude toward other vacation rental platforms
•booking.com very aggressive, focus on promoting short-term rentals
•Attracts different kind of traveler than Airbnb
•All platforms should follow same rules as Airbnb
How Sander views short-term management companies
•Some companies legit, don’t take illegal listings
•Others aggressive, must rent illegally to afford up-front payment
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