I know everyone likes to blame Airbnb for our housing crisis because it allows us to pretend that the crisis isn't result of deliberate government policy choices intended to benefit homeowners at the expense of everyone else. But here's the reality: If you loook at the actual data on Airbnbs on airdna.co, you'll see that there's only about 10,000 airbnbs in Toronto and that includes shared apartments, a single... Source: over 1 year ago
- Revenue based on a more detailed/realistic model that includes seasonality and accurate occupancy for the area. Check out airdna.co for this. Source: almost 2 years ago
If you have a lot of weddings, airbnb is a very viable option. From a guy who used to cater weddings, you do not want to be on the hospitality side of someone "on the most special day of their life". Stay on the real estate side. We put 6 1BR airbnb's on our ranch and they would cover your mortgage 3-4X over with upside on the busiest months. We are in a very touristy area with 1200 airbnb's so keep that in mind... Source: almost 2 years ago
Check airdna.co for the rentalizer. It's usually reasonably accurate, +-10%. Source: almost 2 years ago
Go to airdna.co (historic airbnb data) and show me the market where homes are empty 90% of the time! Source: about 2 years ago
Alltherooms.com, airdna.co, there are a few others. Source: about 2 years ago
Research in data.rabbu.com and airdna.co your address and see what they expect for monthly revenue and seasonality. Look at competitors and see how you need to furnish. Validate your assumptions by also contacting other nearby hosts of similar properties on Airbnb and ask them how their experience has been. Source: over 2 years ago
Pay for a month of airdna.co for average occupancy in the area and revenue projections for the exact locations you're looking at. From what I've heard the numbers are somewhat conservative in most markets, and it's a little on the conservative side for my market. A lof of other good stuff in there too. Source: over 2 years ago
Use airdna.co for market/data/competition research. Note what other local units with high reviews do. Anything interesting/unique should rent better than typical/cookie-cutter. Source: over 2 years ago
You can try airdna.co. You'll have to pay for a month of service, though. Source: about 3 years ago
I like the condo idea better. I have had condos and SFR and the smaller the place the easier it is to repair. Not to mention if you're going to do a short term rental you are probably going to need to furnish it. The smaller the place the less there is to buy. You also need to make sure that the HOA is good with short term rentals. IMO an airbnb would be fantastic. You can check out airdna.co and see what your... Source: about 3 years ago
Any coastal community that's not a speck on the map might be fine. Also, consider how easy it is to get to the community. Is there a much larger town nearby? Nearby freeway for easy access by road trip? Play around with mashvisor and airdna.co to get an idea of where would suit your needs. Source: about 3 years ago
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