EP175: How to Integrate Airbnb in Your Real Estate Business
Summary
This article discusses integrating Airbnb into a real estate business through a re-leasing model. It offers insights into selecting suitable properties, determining your target guest, and designing an appealing Airbnb listing. Hosts can learn how to potentially double ROI through short-term rentals.
Key Insights
- •Eric suggests a budget of $5,000—$7,000 for furniture and painting.
- •Eric Moeller determined he could double his ROI by pursuing short-term rentals rather than long-term rentals.
- •With 70% occupancy, re-leasing should generate 2X the amount of rent.
Action Items
- ✓Analyze the numbers to determine ROI.Effort: mediumImpact: medium
- ✓Research properties in your area on Airbnb to determine your target guest and note design and amenities.Effort: lowImpact: medium
Tools & Resources
- →Get Paid For Your Pad: Listen to the episode on Get Paid For Your Pad.
- →AirDNA: Utilize tools like AirDNA and Rent Responsibly.
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