Brilliant if you want to visit Venice and you're on a budget. Most of the places in venice itself are extremely pricey, Paolo's place is great, has a 5 minute walk from a bus that takes you right into the centre, and runs into the early morning as well.
Paolo himself is a great host, my flight was delayed on my way in, and he stayed up till midnight to welcome me. Then, leaving Venice I needed to get up at 4.45 and get a taxi to the airport for an early morning flight. Paolo was also up, made me a coffee, called a taxi, and away I went. High recommend!