Tools for Researching Airbnb Potential
Generally an Airbnb listing will result in much higher profits than traditional rentals, but it's not always the case based on a number of variables, most important being location, which is only overcome by having a particularly unique or noteworthy space.
Ideal locations are near:
-Tourist attractions
-Airports
-Universities
-Beaches
-Sports/concert arenas
Here are some great sites to get started looking into data for potential profits and occupancy rates:
And of course you'll have higher start-up costs and operating expenses to consider with an Airbnb unit:
-Furnishing
-Kitchenware/cooking utensils/dinnerware/flatware
-Utilities
-Amenities like soap, shampoo, conditioner, toilet paper, etc.
-Towels & linens
-Management fees
