Two hosts discuss rental arbitrage and warn against labeling properties as luxury when they aren't. They say honesty about what a space actually is protects you from guests whose expectations won't match reality.
A lot of the time. I mean, there's people who are doing rental arbitrage or rent to rent, you know, rent to service accommodation. How can they avoid the trap of having to. What's the better thing to do? Is it better to just not say luxury, or is it actually better to get good quality furniture?
I think it's best to not say luxury if you're not luxury. And that's a really arbitrary term and it's hard to define and really nail down. It's a tough one to answer because look, and people might even be asking you, is your place luxury? And be honest with them. Do you think it's luxury? Would you call it luxury? If somebody sold you that space as luxury, would you actually agree.
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