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Tag: Airbnb

  • What Is Founder Mode and Why Is It Better Than Manager Mode? | Entrepreneur

    What Is Founder Mode and Why Is It Better Than Manager Mode? | Entrepreneur

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    Paul Graham, the founder of famed startup accelerator Y Combinator, coined a new term this week that has taken over social media: founder mode.

    In an article released on September 1 and publicized on X over Labor Day weekend, Graham separates “founder mode” from the traditional “manager mode” route by noting key differences in management styles and organizational structure. Graham’s X post has over 21 million views at press time.

    Related: How to Start a Multi-Million Dollar Company, According to an IBM Engineer Turned Founder

    Founder mode means that the CEO interacts with employees across the organization, not just their direct reports. The startup, even as it grows into a large company, is less hierarchical; the CEO could do “skip-level” meetings with employees, for example. Graham gave the real-world example of Steve Jobs running an annual retreat for who he thought were the 100 most important people at Apple — regardless of where they were on the corporate ladder.

    Manager mode, meanwhile, is less hands-on and involves more delegation to other people. Founders can grow companies and run them effectively without switching to manager mode, Graham stated.

    “Hire good people and give them room to do their jobs,” Graham wrote. “Sounds great when it’s described that way, doesn’t it? Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.”

    Related: How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

    Graham gave the example of Airbnb CEO Brian Chesky, who tried to follow conventional “manager mode” wisdom to hire good people and let them do their jobs.

    “The results were disastrous,” Graham wrote.

    Chesky had to pivot to a different “founder mode” style of management and explained in an interview last year that founders have multiple advantages over managers: They have owned every part of the process of building a company, from start to finish; They have built the company up, so they can rebuild it; and they have permission to rebrand the company or make major changes.

    In the past few days since Graham released his essay, the social media world has begun exploring what it means in humorous and insightful ways. One post drew a comparison between micromanaging and founder mode.

    Other posts from women founders addressed the question: Can women be in founder mode too?

    Chesky wrote on X earlier this week that women founders had been reaching out to him since Graham released the essay about how they can’t run their companies in founder mode the same way men can.

    “This needs to change,” he wrote.

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    Sherin Shibu

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  • Pepper: Get 14% Back On Airbnb, 12% Southwest, 20% Petco, 9% Meijer & More – Doctor Of Credit

    Pepper: Get 14% Back On Airbnb, 12% Southwest, 20% Petco, 9% Meijer & More – Doctor Of Credit

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    The Offer

    Pepper app is offering the following deals:

    1. Get 14% back on Airbnb with no limit
    2. Get 12% back on Southwest with no limit
    3. Get 10% back on Wayfair with no limit
    4. Get 20% back on Petco with no limit
    5. Get 20% back on Bath & Body Works with no limit
    6. Get 18% back on Macy’s with no limit
    7. Get 9% back on Meijer with no limit

     

    The standard Pepper points will be instantly available and the bonus Pepper points will be awarded on 9/23/24. You can see these deals in your messages tab or notifications tab, and you should see the bonus reflected on the checkout screen. These deals end either today or tomorrow, 9/5-9/6.

    The Pepper points system is confusing, so let’s give an example: Let’s say, for example, that Pepper is offering 10x on Amazon. If you buy $100 in Amazon gift cards, you’ll get 8,000 points instantly (4x) which is worth $4 toward your next purchase; that’s 4% back. In a few weeks, you’ll get an additional 12,000 points which is worth $6 and is the same as 6% back. Altogether, you’ll end up with 10x back will is the same as 10% back. It’s easier to just avoid thinking about the points totals and focus on the ‘x’ back since that is the same number as the % back you’ll be getting (1x = 1% back; 10x = 10% back).

     

    Our Verdict

    Keep in mind that for most of these deals the bonus points won’t be available for a few weeks, and I wouldn’t recommend buying unless you can manage the risk of something going wrong with the bonus points posting a few weeks down the line. I’d recommend screenshotting and copying the gift card info immediately, and I’d also recommend using up the Pepper points quickly, since people have had issues logging in, etc.

    Reports are that Amex Business Gold  to earn 4x if it’s one of your top two categories. And reports are that it counts as Online Shopping for BofA cards and Blue Cash card and ShopYourWay card. And it counts as Computer Software category for BofA Customized Cash Rewards cards and for 1.5x on the Business Platinum card.

    Note: While there is no limit to most of these deals, you might be limited in overall quantities that can be purchased from Pepper in a day. So you might only get $2,000 or some other number until the app stops you. It’s sometimes possible to increase limits by calling in and verifying. And you might be able to buy again the next day as your limits reset.

    My thanks if you enter my signup code 584255 during the initial signup process. Those who signup with a referral code get double Pepper points on all purchases for 15 days. (If you do a bonus offer, you’ll probably get double points on the base and single points on the bonus. E.g. if something typically earns 4x and there is now a 10x offer, you’ll probably get 14x total as the 4x gets doubled to 8x and then you get the bonus 6x on top.) No referral links or references in the comments below, please.

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    Chuck

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  • New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess

    New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess

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    It’s been one year since New York enacted a law that barred most whole-apartment rentals for short-term stays on platforms like Airbnb. Since then, the number of stays under 30 days has plummeted in the city, but Airbnb is raising questions about whether the lawmakers’ stated goals—lowering rents and opening up apartments for full-time residents—have been achieved.

    Airbnb fought New York’s Local Law 18 in court, calling it a “de facto ban” on the platform, but failed to block it. Now, the company is asking New York to reconsider. In a recent post, the company called the outcomes of the law “predictable.” In the city, rent prices remain high and housing availability low; hotel prices have seen small increases, too. “The data is showing the law isn’t working,” Theo Yedinsky, vice president of public policy at Airbnb, tells WIRED. “We’re asking for what I think are pretty reasonable, sensible changes.”

    The law only allows people to rent out rooms in their homes to two guests for stays shorter than 30 nights, and requires hosts to register their apartments with the city. For stays under 30 nights, hosts must be home. (Entire apartments and homes can still be found on platforms like Airbnb, Vrbo, and Booking.com, but must be rented for 30 nights or longer.) Yedinsky says Airbnb is calling for New York to let people rent out their full primary residence when they’re away for short periods of time, and to undo a regulation mandating that there be no locks on internal doors in under-30-night stays.

    When New York passed the law, it was seen by many as a test case for ways to rein in short-term rentals. Other cities around the world have grappled with how to regulate rentals, which can bring noise and parties, and may siphon off housing for locals to tourists. (In 2022, more apartments were listed on Airbnb than were available for long-term lease in New York. Many of those listings were illegal, but the city lacked an enforcement mechanism until last year.) This summer, Barcelona went even further than New York, announcing that all short-term rentals will be barred from the city come late 2028.

    Those opposing the law say the regulations are onerous. They block not just megalandlords, but many one- and two-family homeowners from making spare income to offset their own housing costs. In the days after the law took effect, the number of short-term rentals on Airbnb fell by 15,000, a nearly 70 percent drop. The impact has been most dramatic outside of Manhattan. Some neighborhoods in surrounding boroughs have seen the number of short-term rental listings drop by 90 percent since the law took effect, according to data analytics firm AirDNA.

    As of July, in New York there were just over 5,000 short-term rentals on Airbnb, but more than 32,000 stays available for 30 or more nights, according to Inside Airbnb, a housing advocacy group that tracks the platform. Those figures suggest that many short-term stays haven’t been converted to yearlong leases, but instead remain on Airbnb as mid-length stays.

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    Amanda Hoover

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  • Trash Caddies Acquires Ragin’ Raccoon to Enhance Services for Short-Term Rental Owners Nationwide

    Trash Caddies Acquires Ragin’ Raccoon to Enhance Services for Short-Term Rental Owners Nationwide

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    Trash Caddies, the most affordable, reliable trash valet solution for short term rental owners and managers, is thrilled to announce its acquisition of Ragin’ Raccoon, a prominent competitor in the space. Terms of the deal were not publicly disclosed.

    This strategic acquisition marks a significant step in Trash Caddies’ mission to deliver unparalleled service quality and innovative solutions to short-term rental owners across the country.

    Neil Kucera, Founder and CEO of Trash Caddies, expressed his enthusiasm for the acquisition, saying, “We are thrilled to bring Ragin’ Raccoon into the Trash Caddies family. Their dedication to high-quality, customer-centric service and their impressive track record make them an ideal fit for our growth strategy. We believe that integrating Ragin’ Raccoon’s expertise will significantly enhance our ability to serve short-term rental owners with even greater efficiency and effectiveness, across a broader spectrum of services.”

    As part of this transition, Justin Pera, Co-Founder and CEO of Ragin’ Raccoon, will assume the role of CEO at Trash Caddies with Kucera shifting to Executive Chairman. This leadership change aims to leverage Pera’s extensive experience and expertise to further drive growth and enhance service offerings. Ragin’ Raccoon’s Co-Founder and COO, Alex Graham, and Operations Manager, Nathan Keen, will also join the Trash Caddies team.

    Justin Pera commented on the acquisition, “Joining forces with Trash Caddies presents an incredible opportunity to expand our reach and impact. I look forward to working closely with the Trash Caddies team to build on our shared commitment to excellence and drive further success in the short-term rental market and beyond.”

    Both companies are dedicated to maintaining the highest standards of service and customer satisfaction throughout the transition and beyond. For more information about Trash Caddies, please visit www.trash-caddies.com or contact support@trash-caddies.com

    Source: Trash Caddies

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  • Barcelona wants to get rid of short-term rental units. Will other tourist destinations do the same?

    Barcelona wants to get rid of short-term rental units. Will other tourist destinations do the same?

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    BARCELONA, Spain (AP) — Imagine planning a vacation and not being able to check Airbnb or another online booking site for an apartment in which to spend a few days walking, shopping and eating among the locals. Would a hotel do?

    That’s the future confronting visitors to central Barcelona in four years. To safeguard and expand the housing supply for full-time residents, local authorities want to rid the Spanish city known for its architecture, beaches and Catalan culture of the 10,000 apartments licensed as short-term rentals.

    Barcelona City Hall announced last month that it would not renew any tourist apartment licenses after they expire in 2028. Deputy Mayor Laia Bonet said the city wants tourism, which accounts for 15% of the local economy, but must help residents cope with skyrocketing rents and real estate prices.

    “Our housing emergency obligates us, forces us, to change the way we do things and to put the priority on housing above our policies for accommodating tourists,” Bonet told The Associated Press.

    Property owners plan to fight the decision, arguing that eliminating short-term rentals would threaten their livelihoods and leave the city without enough temporary lodging: Some 2.5 million tourists stayed in an apartment last year, according to the Association of Tourist Apartments of Barcelona, also known as Apartur.

    Residents of the city, which has a population of about 1.6 million, have campaigned against “overtourism” for several years, but the anti-tourism sentiment has grown more heated: During a protest in Barcelona’s Las Ramblas district this month, some participants shouted “Go home!” and squirted water pistols at people seated at outdoor tables.

    Residential real estate prices in Barcelona have increased by an average of 38% over the past decade, a period in which the average rent soared by 68%, according to the municipal government. Like in other popular urban areas, many young people who grew up there struggle to afford a place of their own. Authorities say a lack of supply is partly to blame.

    A global dilemma

    Other cities around the world also are struggling to reconcile the housing needs of year-round residents, the rights of landlords and the allure of the economic benefits that being a top tourist destination can bring.

    Measures to limit the free-for-all of investors converting apartments into holiday rentals have included partial bans, caps on the number of days units can be let out and registration requirements for frequent hosts.

    New York cracked down on short-term apartment rentals in September with rules requiring owners to remain in their residence when they host overnight visitors and capping the number of guests at two. Maui’s mayor said last month that he wants to end condo rentals to tourists to help deal with a housing shortage made worse by last year’s devastating fire on the Hawaiian island.

    In Italy, a 2022 amendment to national legislation allowed the lagoon city of Venice to limit short-term rentals, but the city administration has not acted on it.

    Before moving to eradicate tourist apartments altogether, Barcelona officials tried more limited approaches. Its previous mayor, a former housing activist, made several moves to regulate the market, including a ban on the rental of individual rooms in apartments for stays under 31 days in 2020. The city also has moved aggressively to get unlicensed tourist apartments removed from online platforms.

    “We have accumulated lots of know-how in Barcelona that we are ready to share with other cities that want to have this debate,” Bonet said.

    What’s at stake for owners

    The decision in Barcelona was made possible after the government of Catalonia, the northeast region of which Barcelona is the capital, passed a law year year stating that current licenses for tourist apartments would expire by 2028 in areas determined to have shortages of affordable housing.

    Local governments that want to renew the licenses must demonstrate that doing so is compatible with locals being able to find affordable housing. Barcelona City Hall said it wasn’t.

    Spain’s conservative opposition party is challenging the regional law in the country’s Constitutional Court, alleging that the law infringes on property rights and economic liberty. Apartur, which represents 400 owners of short-term rental units in Barcelona, argues the industry has become a scapegoat in a city that has not granted any new tourist apartment licenses since 2014.

    Bonaventura Durall runs a company that owns and rents out 52 apartments near Barcelona’s beachfront. Forty of the apartments are located in a building that his business and others built in 2010 to tap into the growing short-term rental industry. He says the municipal government’s plan to phase out vacation rentals is unfair and puts his business and its 16 employees at risk.

    “There is an investment behind this that has created jobs and tax revenues and a way of life, which will now have its wings clipped,” Durall said. “This is like you go to a bar and take away its liquor license or you take away a taxi driver’s permit to drive a taxi.”

    Critics also say the move amounts to Barcelona exercising eminent domain and will inevitably create a black market of unregulated vacation rentals. Bonet, the deputy mayor, denies that City Hall is expropriating anyone’s property.

    “We are not saying that these apartments will disappear and therefore the owners of these apartments can’t generate revenue from them,” Bonet said. “They will have the same assets, but they will have to put them to the use they were originally built for, which is to house families.”

    The limits of the sharing economy

    Ignasi Martí, director of the Observatory for Dignified Housing at Spain’s Esade business and law school, said that in addition to likely facing legal hurdles, the initiative would at most only dent rental costs.

    Most studies indicate that Barcelona needs about 60,000 new housing units to meet current demand, he said.

    But Martí thinks that removing tourists from residential buildings could improve the daily lives of people who call the city home.

    “Take the case of a mother who needs to leave her child with a neighbor. If she lives in a building with tourist apartments, she knows that she can’t count on them,” he said. “Tourist apartments undoubtedly have repercussions in the possibility of creating ties, solidarity or making friends, beyond the issue of noise and people coming and going at any hour.”

    Esther Roset, a 68-year-old retired bank worker, thinks so, too. She has spent years complaining about the tourist apartment above her home. Some guests have done things like vomit off the balcony, brought in prostitutes and opened a fire extinguisher in the stairwell.

    Apartur argues that such behavior is rare, in party because of Barcelona’s strict regulations.

    Roset has other tourist-related pet peeves, such as the expensive food joints catering to foreigners that have swept away the traditional bars where she could get a simple sandwich. She pointed to three nearby restaurants that specialize in brunch. Roset, like most Spaniards, doesn’t do brunch.

    “I shouldn’t have to leave. This is my apartment. If the tourists who came behaved, OK, but one out of every 10 doesn’t,” she said. “At the end, I will have to follow the advice of a lawyer and hang a sheet from my balcony with the message ‘Tourist go home.’”

    ___

    Colleen Barry contributed to this report from Milan.

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  • Get 15% Back on Airbnb Gift Cards with Pepper App

    Get 15% Back on Airbnb Gift Cards with Pepper App

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    Get Discounted Airbnb Gift Cards with Pepper App

    Pepper app has another deal, this time for Airbnb gift cards. Airbnb gift cards are rarely discount, so this can be a good deal for those who prefer Airbnb over hotels.

    Pepper often have gift card deals on popular brands such as Amazon, Lowe’s and more. If you are not familiar with the app, you can use it to purchase gift cards and pay at many merchants, while always saving 5% in the form of credits towards a future purchase. New users get 10% back (an extra 5%) or the first 15 days.

    15% Back on Airbnb Gift Cards

    Pepper app has a new promotion on Airbnb gift cards, with 15% back in rewards. The app will give you 3X the usual points today only. Since you always earn 5% back, now you can earn 15%.

    You get 5% back in rewards right away, and the extra 10% back will be deposited in two weeks. So don’t freak out if you don’t see the full amount.

    Seems like there’s no limit on the amount of Airbnb gift cards that you can purchase. 

    Join Now

    Join Pepper today! Earn 2X points or 10% back on every purchase for the first 15 days. I’d appreciate it if you enter my referral code 605715 at sign-up, but it’s not required. Get the app at http://app.gopepper.com. Happy savings!

    Tips

    • Use Amex Business Gold to earn 4X as one of the top two categories (counts as “electronic goods retailers and software”).

    HT: DoC

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    DDG

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  • Pepper App: Get 15% Back On Airbnb eGiftcards (No Limit) – Doctor Of Credit

    Pepper App: Get 15% Back On Airbnb eGiftcards (No Limit) – Doctor Of Credit

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    The Offer

    • Pepper app is offering triple points on Airbnb e-gift card purchases with no limit. Valid today only (7/24/24).

    Note: there is some conflict in the language of the app where it says “double (3x)”. I’m pretty sure it’s a typo and should say “triple (3x)” as it shows 3x on the actual page when checking out as well.

    Regular earn is 5% back toward your next purchase. With this deal you’ll earn 15% back toward a future purchase: 5% will be available for immediate use and the other 10% will be awarded on August 7th.

    • Pepper is also offering double points on AMC (10% back). Today only. No limit.

    Our Verdict

    We rarely see discounts on Airbnb of 15%, and we never see unlimited gift card discounts on Airbnb. Note, while there is no purchase limit for this deal, the app does have undisclosed overall volume limits of how much a customer can purchase. Possibly $5,000 or some other amount, depending on the account. You might be able to get limits increased by calling in.

    Reports are that Amex Business Gold  to earn 4x if it’s one of your top two categories. And reports are that it counts as Online Shopping for BofA cards and Blue Cash card and ShopYourWay card. And it counts as Computer Software category for BofA Customized Cash Rewards cards. Or just use your regular daily driver credit card.

    My thanks if you enter my signup code 584255 during the initial signup process. New members who signup with a referral code always get 10% on all gift card purchases for 15 days. No referral links or references in the comments below, please.

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    Chuck

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  • Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

    Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

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    The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb, following a strategy that has become increasingly common for struggling hotels in recent years.

    Now called Stile Downtown Los Angeles by Kasa, the 1920s-vintage hotel tower has resumed limited operations after shutting down nearly six months ago. Downtown hotels were particularly hard-hit by the pandemic, and some have changed owners or operators.

    Ace Hotel Group had operated the 182-room hotel near Broadway and Olympic Boulevard since it opened in 2014, even as its ownership changed twice over the years. The chic brand made the Ace a destination for travelers as well as local residents who patronized its buzzy rooftop bar and restaurants.

    South Korea-based AJU Continuum, which bought the hotel in 2019, announced last week that it had brought in Kasa Living Inc. to operate the property.

    Kasa, which is based in San Francisco and has a national presence, “offers the consistency of a major hotel chain with the convenience and character of a modern short-term rental,” AJU Continuum said in a statement.

    Ace Hotel said upon its departure that the Broadway hotel would be operated in the future as “a limited-service, rooms-only operation, managed via a tech platform.”

    The limited-service model under which guests typically receive codes to get into their rooms via their phones is “basically an Airbnb on steroids,” said Donald Wise, a hotel investment banker at Turnbull Capital Group. “You’re not going to someone’s house or a condo, but to a box that has no more or less service than an Airbnb would have.”

    The independent United Theater on Broadway, which is connected to the hotel, will continue to operate as an open venue hosting concerts, performances and special events, AJU Continuum said. The hotel will have a rooftop wine bar but no restaurants.

    The site has had multiple identities since it was built in 1927. Constructed with backing from film luminaries Mary Pickford, Douglas Fairbanks, Charlie Chaplin and D.W. Griffith, it originally was meant in part to provide a theater for the United Artists movie production company they founded.

    The Spanish Gothic theater was designed by C. Howard Crane and the tower by Walker & Eisen, the team behind other local landmarks including the Fine Arts Building downtown and the Beverly Wilshire hotel in Beverly Hills. It held offices for rent and a theater where United Artists pictures premiered, starting with Pickford’s film “My Best Girl.”

    Other prominent occupants of the property through the years include California Petroleum Corp., Texaco and flamboyant preacher Gene Scott, whose broadcasts were heard nationally. He died in 2005.

    The opening of the Ace in 2014 was a pivotal point in the residential renaissance of downtown that helped spur growth nearby, said Nick Griffin, executive vice president of DTLA Alliance, formerly the Downtown Center Business Improvement District.

    “It was evocative of that particular moment in downtown, arriving as a kind of a hipster paradise,” he said. “That area of Ninth and Broadway was a particularly hip area with fashion and hotels at the intersection of the Historic Core, the fashion district and the downtown center.”

    Two other boutique hotels created in historic buildings followed the Ace to the neighborhood: the Hoxton Downtown LA and Downtown L.A. Proper. Both are also on Broadway.

    Short-term rentals in former traditional hotels and apartment buildings have been popping up downtown as business owners work to find financial equilibrium, Griffin said.

    “The new model of short-term rentals is sort of indicative of this moment in downtown as we continue to evolve and innovate coming out of the pandemic.”

    Griffin’s improvement district reported that average downtown hotel occupancy, which plunged during the pandemic, has reached nearly 69%, up a percentage point from a year ago. That’s close to what is usually considered a healthy rate but down from late 2019 when occupancy was closer to 80% and average room rates were higher.

    “The downtown Los Angeles market is still lagging, hasn’t recovered fully to the numbers that were pre-COVID,” said consultant Alan Reay of Atlas Hospitality Group. “We are definitely starting to see more distress among owners.”

    Challenges for hotel owners include a reduction in business travelers to downtown offices as more people work from home. They also face high interest rates on their loans and rising labor costs.

    Limited service hotels such as Stile may produce more profit for their owners while also lowering rates for guests who don’t mind having fewer services, Reay said.

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    Roger Vincent

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  • Cleaners find 235 pounds of meth at Airbnb, then U-Haul arrives for pickup, police say; 2 arrested

    Cleaners find 235 pounds of meth at Airbnb, then U-Haul arrives for pickup, police say; 2 arrested

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    A cleaning crew arrived at an Airbnb residence in Alhambra last month where they found boxes that contained about 235 pounds of methamphetamine, police said Sunday.

    Officers arrived at the home in the 1400 block of South Ethel Avenue around noon on May 24 where they discovered boxes full of the drugs, according to an Instagram post from the Alhambra Police Department.

    Shortly after they arrived at the scene, police said they saw a U-Haul van returning to the location, according to Alhambra Police Sgt. Efren Tamayo.

    Police said the van “quickly” made a U-turn — “thinking they would get away” — but two people were later arrested on suspicion of transporting narcotics.

    Tamayo said that details on the case were limited but said a Ring camera captured footage of the pair using the same van to transport the narcotics.

    Airbnb was not immediately available to comment.

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    Anabel Sosa

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  • Lawsuit: “Nightmare” Tenant Sublets LA Home on Airbnb

    Lawsuit: “Nightmare” Tenant Sublets LA Home on Airbnb

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    “He seemed like the perfect tenant, until he turned into a nightmare.”

    That’s what Nikeeta Sriram said about the person she signed to occupy her Mid-Wilshire home at 1287 South Highland Avenue — who then allegedly rented it out on Airbnb from a world away, pocketing $215,954 in 16 months, the Los Angeles Times reported, citing an eviction lawsuit.

    And there was nothing the 31-year-old grad student landlord could do about it.

    Trapped in the Airbnb ordeal, the Netflix executive has watched her two-story, three-bedroom home and one-bedroom guest house rack up damage as she fights to reclaim her property, according to the lawsuit. 

    The man accused of taking over the rental, Nicholas Jarzabek, lives in England, 5,000 miles away. Neither Jarzabek nor his attorney responded to multiple requests for comment.

    It all started after the 31-year-old executive, then an MBA student, paid $1.68 million for the property in March 2022. Not wanting to break her lease, she decided to stay in her place and rent out her new home.

    She rented the house to Jarzabek, known to fans as Nick Driver, a touring musician who just released his latest album, “Black Liquorice.” 

    Jarzabek, a 36-year-old native of Idaho, seemed like the perfect tenant. He had more than $1 million in the bank, according to bank statements reviewed by The Times. He had a white Tesla and wore a Rolex watch.

    “He talked about the house nicely and offered to put rugs down so he wouldn’t scratch the floors,” Sriram told the Times. “He said he’d treat it like it was his own.”

    Instead, what resulted was an elaborate scheme to make money off her L.A. home. The first year, all was quiet. Jarzabek always paid the $8,500 rent early or on time and never asked for repairs. 

    Whenever the home’s ADT alarm was tripped, the tenant was quick to respond with texts such as “Sorry my mistake,” or “Messed up the code.” 

    Jarzabek’s alleged Airbnb scheme was revealed on Dec. 29, 16 months into his lease. The ADT alarm was triggered so many times the company called the police, who sent a cop to the home the next day.

    When Sriram called ADT, they said the police reported that Airbnb guests had triggered the alarm, according to the Times.

    The Jarzabek lease banned subletting, including short-term rentals such as Airbnb. Sriram called Jarzabek, who denied renting it out. 

    But when she looked on Airbnb, she found her main house listed for $688 per night, and the back house for $496, according to Airbnb listings in the eviction lawsuit she later filed. Together, they had more than 100 reviews.

    An Airbnb host known as Rich Jacobs used two strategies to keep the home-share listings hidden from Sriram. They never included photos of the home’s exterior. The listing also gave a false address, first telling guests the Airbnb was at 1830 South La Brea Avenue, a motel called the Starlight Inn.

    Once the house was booked, Jacobs messaged guests telling them the actual address, according to Airbnb reviews.

    The strategy concealed Sriram’s actual address and allowed the host to avoid posting a registration number typically required for Airbnb listings in L.A., but not for hotels or motels. 

    As part of the eviction lawsuit, Sriram subpoenaed Airbnb for information on Jarzabek and found the phone number registered for Jacobs with Airbnb had a +44 code — the country code for the United Kingdom.

    The subpoena also revealed that, for 16 months between 2022 and last year, the Airbnb listing generated $215,954 in payouts, averaging $13,500 per month, all from a property the host didn’t own, wasn’t authorized to sublet and allegedly wasn’t in the country to operate.

    The Times reached out to Airbnb, which then removed the listings from the site. The firm then deleted the Jacobs account and its listings, according to an unidentified Airbnb spokesperson.

    “There is no place on Airbnb for hosts who circumvent the City of Los Angeles’ home-sharing ordinance or our terms of service,” the spokesperson said. “We will continue to work closely with city officials to address hosts who try to evade the rules just as we have done in the past.”

    Two years after she bought the house, Sriram is still working to boot Jarzabek from her Mid-Wilshire home. This year, she estimates she has lost $100,000 between property damage, legal fees and lost rent, since Jarzabek stopped paying after she filed the eviction notice.

    — Dana Bartholomew

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    TRD Staff

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  • The Best Tips To Travel With Weed This Summer

    The Best Tips To Travel With Weed This Summer

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    North American airlines expect to carry a record number of passengers again this summer with over 300 million flying between Memorial and Labor Day. This doesn’t count car trips, cruises, and train trips (east coast mainly). For most it if for pure fun, other family and, of course, some for work. But what if you want to chill out while on the road. Well, here are the best tips to travel with weed this summer.

    RELATED: How To Be Discreet When Using Weed

    Discretion is the key, which means if you are going to consume, you might put away the flower and embrace vaping or gummies.  Flower has the telling smell and involves flames.  Lighters are hard to travel with and the smell is a no no in public places, rental cars, most AirBnB and hotels.  The best tip is, at least, move into something portable, minimal smell and not something TSA will notice.

    Photo by Mister M via Unsplash

    The airline and train industry are still ruled by the federal government and traveling with cannabis is still prohibited.  It is NOT SMART to travel with marijuana to another country.  For in country, TSA officers do not search for marijuana but are required to report any potentially illegal item they find during the security screening process to local law enforcement. States where it is illegal can make it difficult for you. Gummies can be dump into a bag with other candies and pass unnoticed.

    Most major rental car companies also have a non marijuana use policy. They require customers to sign a contract agreeing to not smoke or vape in a loaner car or a $150 to $250 cleaning fee. This charge will automatically hit your credit card.

    Hotels are also not a fan of smelly marijuana. As a private property owner, they can ban the use and, again, charge an extra cleaning fee. It seems the average cost of from hotels are $500 for ridding the room of the smell.

    RELATED: The Most Popular Marijuana Flavors

    If you are traveling to a fully recreational state, explore some of the local dispensaries and ask advice on where you can smoke outside. Otherwise, look for some of the unique vapes, beverages, and gummies they have and feel free to kick back and enjoy.

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    Sarah Johns

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  • Elvis Presley’s Granddaughter Sues Company Attempting To Sell Graceland

    Elvis Presley’s Granddaughter Sues Company Attempting To Sell Graceland

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    Elvis Presley’s granddaughter Riley Keough, who owns the Graceland estate, successfully blocked the auction of Elvis’s former home by the company Naussany Investments, which may have fraudulently initiated the foreclosure by claiming that Lisa Marie Presley used Graceland as collateral for a loan. What do you think?

    “Good compounds are hard to come by these days.”

    Joint Pathologist, Klay Mcneil

    “It’s a shame, Graceland would have made a great Airbnb.”

    Mike Bernardo, Cream Infuser

    “That the guy who died on the toilet?”

    Brandy Crosby, unemployed

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  • This might be the new way California cities ban short-term rentals like Airbnb

    This might be the new way California cities ban short-term rentals like Airbnb

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    A group of California residents unhappy with their city’s weak restrictions on short-term rentals are determined to remove most of the rental properties from Long Beach — even if it means taking them out block by block.The Long Beach City Council passed an ordinance in 2020 allowing up to 800 unhosted short-term rentals (STRs) to operate, after discovering that more than 1,000 of these STRs were operating illegally in the city. The law also allows individual neighborhoods to petition their census block, and if more than half of the neighbors sign on, residents can ban unhosted short-term rentals — rentals where the host does not live on-site — from operating in that area.In the Long Beach neighborhood College Estates, resident Andy Oliver spearheaded the community action group called Long Beach Safe Neighborhood Coalition to ban unhosted short-term rentals. The group went door to door in College Estates asking neighbors if they’d support booting these rentals. Last week, the petition prevailed, and now the neighborhood is the first in Long Beach, and the state, to run unhosted short-term rentals off its block.“It’s time to fix the problem and end the civil war that’s raging in our neighborhoods over short-term rentals that are destroying our communities and eroding our housing market. It really boils down to this — what do we want our neighborhoods to be?” the organization wrote in its plea to the city. Oliver co-founded the coalition with Christina Nigrelli and started organizing with other Long Beach neighbors who had undesirable experiences with vacation rental guests from companies like Airbnb and Vrbo. They said vacation rental companies were not always reachable when problems arose with guests. “If you go to a hotel, there’s someone always on staff — a security manager or staff that you can always reach out to. Someone’s available 24/7 at a hotel,” Nigrelli said. “But I live next to a revolving door of guests and no one to really communicate with.”During an April 2 city council meeting, the Long Beach Community Development Department found that hosts were meeting the city’s compliance standards.Right now, Nigrelli said nine other neighborhood petitions are circulating or have been submitted to the city.“We’re hoping that all 10 of these petitions are successful so that we can send a message to the city council that they need to make a change, that this burden of responsibility to get short term rentals, at least unhosted out of the city is falling on the backs of the residents,” Nigrelli said.Airbnb told SFGATE that it implemented a party ban in August 2020 that has seen an over 50% decrease in parties reported to the company. The company added that it has implemented a neighborhood support team where neighbors can report concerns about homes hosted on the platform and a law enforcement portal for law enforcement. Vrbo did not respond to a request for comment.The list of California cities fighting back against short-term rentals is growing. In the Bay Area, Danville and several cities in Marin County, including Sausalito, Larkspur and Belvedere, adopted bans. Editor’s note: This story was updated at 5:17 p.m., May 17, 2024, to include additional information on the Long Beach short-term rental ordinance and unhosted short-term rentals.

    A group of California residents unhappy with their city’s weak restrictions on short-term rentals are determined to remove most of the rental properties from Long Beach — even if it means taking them out block by block.

    The Long Beach City Council passed an ordinance in 2020 allowing up to 800 unhosted short-term rentals (STRs) to operate, after discovering that more than 1,000 of these STRs were operating illegally in the city. The law also allows individual neighborhoods to petition their census block, and if more than half of the neighbors sign on, residents can ban unhosted short-term rentals — rentals where the host does not live on-site — from operating in that area.

    In the Long Beach neighborhood College Estates, resident Andy Oliver spearheaded the community action group called Long Beach Safe Neighborhood Coalition to ban unhosted short-term rentals. The group went door to door in College Estates asking neighbors if they’d support booting these rentals.

    Last week, the petition prevailed, and now the neighborhood is the first in Long Beach, and the state, to run unhosted short-term rentals off its block.

    “It’s time to fix the problem and end the civil war that’s raging in our neighborhoods over short-term rentals that are destroying our communities and eroding our housing market. It really boils down to this — what do we want our neighborhoods to be?” the organization wrote in its plea to the city.

    Oliver co-founded the coalition with Christina Nigrelli and started organizing with other Long Beach neighbors who had undesirable experiences with vacation rental guests from companies like Airbnb and Vrbo. They said vacation rental companies were not always reachable when problems arose with guests.

    “If you go to a hotel, there’s someone always on staff — a security manager or staff that you can always reach out to. Someone’s available 24/7 at a hotel,” Nigrelli said. “But I live next to a revolving door of guests and no one to really communicate with.”

    During an April 2 city council meeting, the Long Beach Community Development Department found that hosts were meeting the city’s compliance standards.

    Right now, Nigrelli said nine other neighborhood petitions are circulating or have been submitted to the city.

    “We’re hoping that all 10 of these petitions are successful so that we can send a message to the city council that they need to make a change, that this burden of responsibility to get short term rentals, at least unhosted [rentals] out of the city is falling on the backs of the residents,” Nigrelli said.

    Airbnb told SFGATE that it implemented a party ban in August 2020 that has seen an over 50% decrease in parties reported to the company. The company added that it has implemented a neighborhood support team where neighbors can report concerns about homes hosted on the platform and a law enforcement portal for law enforcement.

    Vrbo did not respond to a request for comment.

    The list of California cities fighting back against short-term rentals is growing. In the Bay Area, Danville and several cities in Marin County, including Sausalito, Larkspur and Belvedere, adopted bans.

    Editor’s note: This story was updated at 5:17 p.m., May 17, 2024, to include additional information on the Long Beach short-term rental ordinance and unhosted short-term rentals.

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  • What Are the Most Profitable Airbnb Cities for Hosts, Owners | Entrepreneur

    What Are the Most Profitable Airbnb Cities for Hosts, Owners | Entrepreneur

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    In some cities, Airbnb listings make more than the average weekly wage — in one night.

    Using data from Airbnb and the U.S. Bureau of Labor Statistics, the financial site Wealth of Geeks compared average weekly salary data to the average cost per night of a short-term Airbnb rental and found the 10 top cities where renting out an Airbnb could earn a host the most — and in some cases, more than half the salary they would have made in a week.

    Related: Airbnb Just Rolled Out Major Changes for Hosts and Guests, Plus New Tools for Groups: ‘It’s Going to Be a Big Win’

    “The ability for residents to earn over half their weekly salary from renting out a property for a single night is impressive, not to mention, an extremely convenient way to earn extra income – it’s much easier than time-consuming second jobs or side hustles,” Michael Dinich, founder of Wealth of Geeks stated.

    Arizona has seven spots in the top 10, including No. 1 and No. 2.

    Airbnb, meanwhile, has recently updated its platform with more experiences for guests and introduced the option to stay at “Icons” houses around the world, from the house in the movie “Up” to Prince’s “Purple Rain” home.

    Airbnb also recently released new tools for hosts, like group messaging.

    Related: Airbnb’s New ‘Icons’ Cost Less Than $100 Per Night, Including the House from ‘Up’ and Prince’s ‘Purple Rain’

    Here are the most profitable cities in the U.S. for Airbnb hosts, based on Airbnb income as a percentage of the average weekly wage.

    1. Scottsdale, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $449

    Airbnb income as a percentage of the average weekly wage: 55.9%

    2. (tied) Tempe, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $402

    Airbnb income as a percentage of the average weekly wage: 50%

    2. (tied) Charlestown, South Carolina

    Average weekly salary: $690

    Average Airbnb cost per night: $345

    Airbnb income as a percentage of the average weekly wage: 50%

    3. Phoenix, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $385

    Airbnb income as a percentage of the average weekly wage: 47.9%

    4. Las Vegas, Nevada

    Average weekly salary: $724

    Average Airbnb cost per night: $312

    Airbnb income as a percentage of the average weekly wage: 43.1%

    5. Glendale, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $344

    Airbnb income as a percentage of the average weekly wage: 42.8%

    6. Gilbert, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $329

    Airbnb income as a percentage of the average weekly wage: 40.9%

    7. Chandler, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $322

    Airbnb income as a percentage of the average weekly wage: 40%

    8. Virginia Beach, Virginia

    Average weekly salary: $857

    Average Airbnb cost per night: $332

    Airbnb income as a percentage of the average weekly wage: 38.7%

    9. North Charleston, South Carolina

    Average weekly salary: $690

    Average Airbnb cost per night: $254

    Airbnb income as a percentage of the average weekly wage: 36.7%

    10. Mesa, Arizona

    Average weekly salary: $804

    Average Airbnb cost per night: $292

    Airbnb income as a percentage of the average weekly wage: 36.3%

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    Sherin Shibu

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  • A Long Beach man started a petition to ban Airbnb in his neighborhood — and it worked

    A Long Beach man started a petition to ban Airbnb in his neighborhood — and it worked

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    First came the all-night parties and music blaring from a neighbor’s house in Long Beach that kept Andy Oliver up at night.

    Then there were the “smoke outs,” when visitors enjoying refuge from hostile cannabis laws in their home states blazed marijuana throughout the day, sending clouds of hazy smoke into Oliver’s sanctuary, his house in the city’s College Estates neighborhood.

    The final straw was on Jan. 2, when a shooting victim climbed over his fence, bleeding and looking for shelter.

    In each case, the source of Oliver’s grief were tourists staying in an unhosted short-term rental next door. Such rentals are listed by homeowners who are not present during the guest’s stay, as with Airbnb.

    “All this happened over a year’s time, and it was beginning to be too much,” Oliver, 50, said. “This is a residential area, and something had to be done.”

    Fast-forward four months, and Oliver has successfully petitioned Long Beach’s Community Development Department to ban short-term rentals within College Estates. His win also spawned nine similar petitions around the city.

    “I don’t have the final count, but there are something like 755 homes, and we just got enough signatures,” Oliver said. “I heard it was close and I don’t have confirmation of the final vote, but I was informed [last week] that we succeeded.”

    Oliver’s victory was the culmination of nearly a year of work, which included trying the city’s complaint hotline, speaking with a councilmember and, ultimately, founding an online advocacy group, the Long Beach Safe Neighborhood Coalition.

    For months, coalition members commiserated on the social media site Nextdoor over their frustrations with the short-term rentals, gathering momentum for a ban.

    “The common theme that we kept running into was that this was a big deal for many residents and almost all of us got the runaround from the city of Long Beach,” Oliver said. “They didn’t seem to care.”

    As short-term rentals have spread, the responses across Southern California have varied.

    In Palm Springs, short-term rentals were capped in specific, high-demand neighborhoods, leading to a local drop in home prices.

    In Orange County, Anaheim requires a minimum stay of three nights to avoid frequent disturbances, while Seal Beach has limited short-term rentals to 31 units in the city’s coastal zone south of Westminster Boulevard.

    Last year, Lakewood banned them altogether.

    Similarly, Long Beach originally banned unhosted short-term rentals in the early days of the pandemic. But that ordinance was loosened to allow for 800 non-primary residence short-term rentals, meaning people could use their second properties within the city as an Airbnb.

    Currently, there are 626 non-primary short-term rentals registered in the city, according to the Community Development Department.

    Jean Young, a 67-year-old technical writer, is among those with a short-term rental.

    “I’m a part-time writer, and the income from rentals just smooths out the rough edges and has been wonderful,” she said.

    Young splits her time between her three-bedroom, two-bathroom home in Long Beach’s affluent Bixby Knolls neighborhood and one in the sprawling senior living community at Leisure World in Seal Beach, where she spends three or four months out of the year.

    She began renting out a part of her Long Beach home 11 years ago to JetBlue and Southwest flight attendants in town between shifts, then turned it into a place of refuge for traveling nurses during COVID-19. Now Young hosts physical therapists and medical residents.

    Sometimes she rents out the entire place.

    “My son has since moved on to college and my mother passed away, so there’s all this room in my house to share,” she said. “It would be sad to lose that ability.”

    Young said she understands the backlash from community members. The Jan. 2 shooting next to Oliver’s home on Kallin Avenue was “horrible” and an “abomination,” she said, but a citywide ban would ultimately be “damaging.”

    Oliver said he initially tried other means.

    He called the city’s hotline to complain about his neighbor’s rental, “but nothing was ever enforced.”

    He reached out to a city councilmember and the city attorney.

    Eventually, he had to go grassroots.

    “There were two previous petition drives that failed, so I wasn’t sure if we would have success,” he said.

    But whenever he was discouraged, he would think back to his encounters with rowdy neighbors.

    In December, he said he spoke with a bunch of 20-somethings from Texas staying at his neighbor’s house, because the “insane amount of marijuana they were smoking” was floating into his home.

    “They said recreational marijuana wasn’t allowed in Texas and they were going to take advantage of their time here,” he said.

    Just a few weeks later, on Jan. 2, a man standing in front of an unhosted short-term rental in the 800 block of Kallin Avenue was shot in the lower body by an unknown gunman, according to Long Beach Police.

    The home had been listed on Peerspace, an online marketplace for hourly rentals, Oliver said. The shooting is still under investigation.

    The victim tried to climb Oliver’s fence and smeared blood on the gate as he crossed into the yard.

    “My house was closed for hours due to an investigation,” he said.

    As momentum for Oliver’s petition grew, help came from unexpected places.

    Better Neighbors LA, a self-described coalition of hosts, tenants, housing activists, hotel workers and community members, footed Oliver’s $1,050 petition ban fee with the city.

    “BNLA is happy to support neighbors like Andy in Long Beach as well as people and groups across Los Angeles County who want reasonable regulations on an out-of-control industry that affects their neighborhoods,” the group said in a statement.

    Oliver said the group is also funding efforts to ban unhosted short-term rentals in nine other Long Beach communities, including El Dorado Park, Naples and South of Conant, where resident Stephen Carr is leading an effort.

    Carr, a freelance photographer, said the ban was necessary after his neighbor’s home listed on Airbnb “turned into a hotel.”

    He said one weekend last summer, guests in town for an electronic dance music festival stayed up every night.

    “The music is blaring. There’s screaming and drunkenness spilling out into the front and back lawns till 3 a.m.,” he said. “One of the guests actually apologized the next day, but then they partied again till 4 a.m.”

    Carr said he called the police, but they would only issue warnings. He also tried the city’s complaint hotline, but never received a call back.

    Eventually, he found Oliver on Nextdoor and linked up with Better Neighbors LA, which he said funded his $1,050 petition fee.

    “There’s no regulation, no help coming from anywhere,” Carr said.

    For their part, the sites that host short-term rentals in Long Beach such as Airbnb, Peerspace and Vrbo, say they have outlets for residents to voice their concerns and point out problems.

    Airbnb cited a city report in April that said the majority of its operators were “meeting compliance standards” and that there was “proactive and reactive” enforcement against violations.

    The hosting site has a Community Disturbance Policy that bans parties and events that are disruptive, open-invite and that invite excessive noise, visitors, trash, littering and smoking, among other issues.

    Neighbors witnessing issues or violations are encouraged to reach out to Airbnb’s support staff, a company spokesperson said.

    Peerspace, meanwhile, said its sites rent out venues on an hourly basis including homes, photo studios, storefronts and banquet halls.

    The company said it takes neighbor concerns seriously and asks anyone experiencing complications to reach out to its Trust and Safety team. It also said it had no listing for the home on Kallin Avenue on Jan. 2, when the shooting victim climbed into Oliver’s backyard.

    Vrbo recommends that neighbors with complaints first address any issues with the host. They then suggest filling out a Stay Neighbor complaint form if a resolution can’t be found.

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    Andrew J. Campa

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  • Costco.com: $500 Southwest eGiftcard For $429.99 – Doctor Of Credit

    Costco.com: $500 Southwest eGiftcard For $429.99 – Doctor Of Credit

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    Update 5/2/24: Deal is back (ht Dansdeals)

    The Offer

    Costco.com is selling various $500 e-gift cards at a discount:

    Our Verdict

    Some nice savings here. Sam’s Club sometimes has a deal for Southwest gift cards as well. 

    Deal History:

    • Update 3/9/24: The Southwest deal is back through 3/10/24
    • Update 12/12/23: The Southwest deal is back through 12/25/23 (ht GCG)
    • Update 11/23/23: Southwest is actually $429.99

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    Chuck

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  • Mickey Mouse Will Fight Winnie the Pooh in the Latest Public-Domain Horror Extravaganza

    Mickey Mouse Will Fight Winnie the Pooh in the Latest Public-Domain Horror Extravaganza

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    It was inevitable, really: as soon as beloved childhood characters became fair game under public domain, they’d be seized upon by horror filmmakers… and eventually, the biggest headliners would square off. The world may not be ready for Mickey vs. Winnie, but it’s coming, and its creators promise gore galore.

    Before you ask, Mickey vs. Winnie is a project separate from Mickey Mouse Trap, which announced its existence during the first week of 2024 not long after Steamboat Willie-era Mickey Mouse emerged from Disney’s copyright clutches. It’s also not part of the Twisted Childhood Universe, aka the Poohniverse, from the makers of Winnie the Pooh: Blood and Honey. This new project, which is currently in production in Michigan, is being written and directed by Glenn Douglas Packard.

    A press release provides this plot synopsis: “In the 1920s, two convicts escape into a cursed forest only to be dragged and consumed into the depths of the dark forest’s muddy heart. A century later, a group of thrill-seeking friends unknowingly venture into the same woods. Their Airbnb getaway takes a horrifying turn when the convicts mutate into twisted versions of childhood icons Mickey Mouse & Winnie-The-Pooh, and emerge to terrorize them. A night of violence and gore erupts, as the group of friends battle against their now monstrous beloved childhood characters and fight to break free from the forest’s grip. In a horrific spectacle, Mickey and Winnie clash, painting the woods in a gruesome tableau of blood—a chilling testament to the curse’s insidious power.”

    The basic plot sounds like another iteration of the ol’ “cabin in the woods” genre, and we’ve already pointed out that Mickey and Winnie are both becoming familiar faces in horror. However, in the press release Packard specifically notes that “the Mickey Mouse featured in our film is unlike any iteration audiences have encountered before. Our portrayal doesn’t involve characters donning basic masks. Instead, we present deeply transformed, live-action horror renditions of these iconic figures, weaving together elements of innocence and malevolence.”

    So far there’s no word on when Mickey vs. Winnie might hit screens or where you’ll be able to watch it. What do you think of this latest public-domain horror project?

    Image: Jerisa Macalino


    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Cheryl Eddy

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  • PriceLabs Leverages Generative AI to Make Revenue Management Accessible to Everyone

    PriceLabs Leverages Generative AI to Make Revenue Management Accessible to Everyone

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    PriceLabs leverages Generative AI to translate complex data into clear sentences, making sophisticated analytics accessible and speeding up decision-making for property managers and hosts.

    PriceLabs, a pioneer in revenue management solutions, today unveiled “AI Insights,” its first application of Generative AI designed to transform detailed revenue management data into easy-to-understand text. This groundbreaking feature converts complex data charts into concise sentences for clearer insight and efficiently summarizes market trends to facilitate quicker decision-making processes.

    “Integrating Generative AI into our platform represents a significant milestone in our mission to democratize revenue management,” said Richie Khandelwal, co-founder of PriceLabs. “With this industry-first, we’re not just simplifying data; we’re revolutionizing how property managers interact with our tools, making complex information instantly actionable. We effectively bridge the gap between sophisticated data analytics and clear business strategies.”

    Try “AI Insights” today, PriceLabs’ first Generative AI-powered feature

    PriceLabs’ first product feature using Generative AI is called AI Insights. It automatically translates complex, data-rich charts about evolving trends in market prices and occupancy into clear, concise sentences. Specifically, the feature emphasizes critical data points and market trends, such as periods of peak demand or unusual pricing patterns, empowering users to make swift and informed decisions with confidence.

    Now available to all existing customers at no additional cost, AI Insights exemplifies PriceLabs’ commitment to delivering valuable, accessible technological innovations. Moreover, all property managers and hosts are invited to explore this feature through PriceLabs’ free 30-day trial, which includes full access to AI Insights.

    Next Steps: PriceLabs to Broaden Use of Generative 

    Looking ahead, this release marks only the beginning of PriceLabs’ exploration into the capabilities of Generative AI. The company plans to expand the application of this technology throughout its platform, continually enhancing its suite of tools to better serve our users. Driven by user feedback and advancements in AI, PriceLabs is dedicated to maintaining its leadership in innovation and service excellence in the industry.

    About PriceLabs: 

    Established nearly a decade ago, PriceLabs has been at the forefront of providing innovative revenue management solutions. Today, it prices more than 350,000 listings every day around the world. By combining robust data science with accessible technology, PriceLabs empowers property managers and hosts worldwide to optimize their pricing strategies and maximize revenue.

    Discover how Generative AI can simplify your revenue management approach by visiting hello.pricelabs.co/ai-for-revenue-management

    Source: PriceLabs

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  • No tickets for Taylor Swift in Toronto or Vancouver? See the costs of an international show – MoneySense

    No tickets for Taylor Swift in Toronto or Vancouver? See the costs of an international show – MoneySense

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    It’s no surprise that in 2023, Swift was the most-searched artist on Stubhub, where fans from more than 110 countries bought tickets to the Eras Tour. (For its role, Stubhub takes a hefty sales fee based on the ticket price.) Toronto was a top international travel destination for American travellers, who get a favourable exchange rate on the price of tickets in Canada. (As of late April 2024, USD$1 is worth CAD$1.37.)

    Canadians are following suit—except they’re heading to Europe. According to Stubhub, for Swift’s remaining shows in 2024, some of the most popular international Eras Tour destinations for Canadian fans are Paris, Lisbon, Amsterdam, Warsaw and Vienna. 

    Fandom doesn’t come cheap, though. In this new world of post-pandemic “revenge travel” and a newfound craving to create special experiences in our lives, in terms of dollars and cents, is the Eras Tour worth it?

    The power of Swiftonomics 

    “Swiftonomics” and its effect on the economy is staggering. The Eras Tour is the highest-grossing concert tour of all time, and the first to gross USD$1 billion. Everywhere the tour touches down, the local economy gets a major boost. 

    According to the CBC, the estimated economic impact of Swift’s three shows in Vancouver is $700 million. And a study in Denver—where Swift played two shows last summer—found that the average amount an Eras Tour concert-goer spent was USD$1,327 (about CAD$1,800) on expenses such as tickets, travel, merchandise, lodging and food. That adds up to more than USD$200 million in direct consumer spending.

    Source: @teach.kids.money

    How to save money on Taylor Swift tickets and more

    Woods’ advice is to take advantage of last-minute ticket releases. To find out about these sales, follow all the legitimate local ticket sellers and promoters on social media, especially in the days leading up to the show. “Any place where you can get a cheap ‘obstructed view’ seat with last-minute releases is the best place to go,” he says. “You could easily fly to a nearby European city—for Swift’s upcoming tour dates—and take the train or a flex bus to lower costs if airfare is expensive, as it’s quick and easy to travel between European cities.” 

    For accommodations, hotels and Airbnbs will likely be pricey or even sold out. Try work-arounds: Do hotels have a waiting list in case of cancellations? Can you rent a room rather than a whole apartment, or find lodgings farther from the city centre? Alternative accommodations like hostels, B&Bs and non-hotel accommodations are possibilities as well. 

    Woods found a house-sitting opportunity in Melbourne, which meant his accommodation was free. (Score!) If you’re willing to take care of a home and possibly a pet in exchange for a free stay, start with one of the leading house-sitting networks, Nomador. If you don’t mind staying outside of a city centre, check out homestay.com, which connects independent travellers and students with host families. You could save a lot of money and experience more of the local culture. 

    Photo courtesy of Ryan Thomas Woods

    Woods also advises taking advantage of Swift-related activities, discounts and promos. In Sydney and Melbourne, he says, “your ticket to Taylor gets you free public transit.” And in Melbourne, “the Queen Victoria market had a Swift-themed night market, and one of the booths was a make-your-own-friendship bracelet.” (Swifties make these and trade them at concerts. It’s also how she met her boyfriend, Travis Kelce, who plays football for the Kansas City Chiefs.) 

    What about Eras Tour official merchandise? Concert-goers can buy everything from T-shirts and sweaters to tote bags and glow batons. Prices can vary depending on exchange rate, and due to strong demand, tour merch is usually sold the day before the shows. But many fans are also making their own outfits, and as Woods says, “It could be as simple as doing artwork with a marker on a plain T-shirt.” 

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    Natalie Taylor

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