Quote: (10-14-2012 02:58 AM)GyopoPlayboy Wrote:
My friend and I are putting money together to lease a beautiful pad that would be in the hottest area with all the nightlife and action. We are doing this for the sole purpose of putting it up on airbnb so that we can charge upwards of $150-250/night (rent on the 2bd apartment itself is $2800).
Inspiration for this idea came from reading on article online about how people worldwide are raking it in by turning their couches or unused bedrooms into hotel rooms for paying customers.
Have any of you tried this route? What are your thoughts? We are looking at 2 places right now.
What are the hotel occupancy rates in your city? Does the place come furnished? Or do you have the buy all the furniture yourself? You are going to have to lease it for 15 days a months at your average $200 a night just to break even. How much commission does AirBnB take? You are going to have to account for the cost of a cleaning service and any damages to the apartment and/or furniture.
All in all, it seems like a lot of work. If you get 80% occupancy for example, which is quite optimistic, you might walk away with $1000 to $1500 a month.