Covid-19 has caused a major impact to our personal lives as well as our vacation rental businesses. On behalf of Automatebnb, I wanted to take a moment to provide an update on some of the changes you’ll be seeing shortly.
- Refunds: By the end of the week, we will finish processing refunds for the month of April. This will be automatically credited back to your credit card that you use for auto pay.
- Free service: We will provide Automatebnb completely free of charge for the next 3 months (May, June, and July) to our existing customers.
We will be rolling out the following features to help minimize infections:
- Automatically delay cleaning: As per the CDC guidelines that was released by Airbnb (details here), delaying cleaning by at least 24 hours would help minimize infection to your housekeeper. There will be a simple “Activate delay cleaning” button at a property level, which will automatically set the cleaning date to the day after your guest checks out. This can help keep your housekeeper safe as particles can possibly be airborne for a few hours.
- Unemployment Insurance: Airbnb hosts that rely on hosting as their main source of income may qualify for Unemployment Insurance from the stimulus package. There are plenty of articles on this already if you google this.
EIDL forgivable loan of $10,000: This is an emergency grant to keep small businesses afloat. It takes <10 minutes to apply as a sole proprietor.
PPP (Payment Protection Program): To keep your employees on payroll for longer. Simple way to calculate this is: take the average monthly payroll of the last 12 months and multiply it by 2.5. This may or may not be forgivable depending on what the loan is used for. 75% of the loan should be used towards payroll and 25% towards other expenses (mortgage, utilities, etc). To apply, first contact the bank that you use for your hosting income. Learn more.
There is no denying that we’re going through a really tough time. However, I’m personally a firm believer that travel is one domain that will pick up faster than we’ve ever seen before once things start going back to normalcy.
Last year, I took a leap of faith and left my lucrative corporate job in tech to focus full time on Automatebnb. I then spent 6 months backpacking around South America to learn. One of the things I learned from 100s of travelers I met and interviewed is: traveling is an addiction (especially for millennials). It’s a taste of freedom. It is a way of life for some people. It is a way of learning and growing at a personal level. And the longer we, as humans are prevented from traveling, the more we are going to want to.
The key to focus on right now is how to power through and keep our STR businesses afloat. And more importantly staying healthy. And keeping our families and our loved ones healthy. Everything in life is temporary and so is this crisis. It WILL pass and when it does, business WILL boom.
We’re all in this together and together we will all come out stronger than ever before.
Stay home, stay healthy!