I Started Investing in AirBnBs – Here’s How My First Month Went!
Summary
Lili shares her first-month experience transitioning properties to Airbnb, demonstrating how garage apartments (ADUs) can become high-profit units when the main house rent covers the mortgage. She provides a transparent look at her initial earnings of approximately $2,600 and emphasizes the importance of speed-to-market once a property is guest-ready.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
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