AirBNB Investing

Comparing daily rates in your area to compete with surrounding STR's is an important skill to have. With the right systems in place, you are able to understand how the market is in each community so that you list your property accordingly. The difference is in the potential cashflow. There is no cap on how much you can make as apposed to a buy and hold where you know how much you are making per month. Some people would prefer the security of knowing there monthly profit. However, others like the idea of taking that chance. Let's say you charge $300 a night and it rents for all 30 days. You would make $9,000 that month.. Granted you are able to rent it every day. Should it only be booked for 10 days, you make $3,000. The key here is to make your property attractive and seen. The more it is booked the more that you make vice verse. Having systems in place are important here. Property managers, Cleaning crew, Contractors, and digital systems to provide convenience for your guests.