This property earns £90k per year | Property tips | Airbnb Coach

Dave Cordner Apr 27, 20220m 46s4.7K viewsScore 75
Pricing & Profitability
intermediate
Revenue Management
Profitability
ADR
Multiple Properties
Pricing Strategy
M

Summary

AI-generated

Dave Cordner shares a property that generates £90,000 per year by converting it from a 5-bed HMO to a 7-room STR with en-suite bathrooms. By creating two more rooms, he was able to implement tiered pricing (standard, superior, and deluxe) that led to an overall revenue increase for the property.

Key insights

  • Offering different tiers of rooms (standard, superior, and deluxe) allows for variable pricing, increasing potential revenue.

Mistakes to avoid

  • Don't assume existing layouts are optimal. Consider structural changes to maximize the number of rentable units.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial