Do NOT invest in an STR/Airbnb until you know THIS metric
3.4K viewsalmost 2 years ago11m 18sScore: 82
Optimize My Airbnb: I Help Airbnb Hosts Make Money
Pricing & Profitability
intermediate
Profitability
Market Research
Revenue Management
Expenses
Pricing Strategy
Summary
This video emphasizes the importance of careful financial analysis before investing in a short-term rental property. It introduces the "2x cost" rule: aiming for revenue that's double the total monthly costs to ensure profitability and weather any economic downturns. It stresses the importance of assessing your hourly rate to decide if the investment is personally worthwhile.
