This Single Apartment Makes Me $40k Per Year

BNB UNIApr 6, 20240m 48s6 viewsScore 78
Pricing & Profitability
intermediate
Arbitrage
Profitability
Revenue Management
Pricing Strategy
M

Summary

AI-generated

In this video, the host discusses how he rents a 35 square meter studio apartment with a view of Bondi Beach in Sydney, Australia, and then rents it out as a short term rental. After covering costs, the host profits $40,000 per year from this strategy and uses this money to buy his own properties. He earns more off the STR than the owners do, even after they pay their mortgage.

Key insights

  • The host rents out the apartment on Airbnb and uses the proceeds to invest in buying properties of his own.

Tools & resources

  • Airbnbplatform

    Short-term rental platform used by host.

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