fbpx
Categories
Podcast

Interview with an Airbnb Host from Fayetteville, West Virginia – S2 EP42

Welcome back to another episode of Into The Airbnb, where we chat with Airbnb hosts about their short-term rental experience.

Today’s episode guest is Kim Sayre based in Fayette County, West Virginia; she owns and manages tow listings in Fayette County: one is her primary residence, and the other one is a property they managed to get ready thanks to their first listing’s revenue. Come hear how she’s taking advantage of her market recent rise of popularity, how has been her experience with Airbnb, along with some interesting insights from her area.

This episode is sponsored by Airbtics, short-term rental analytics for high return investment, comprehensive data for insights, ideas and inspiration. Go to app.airbtics.com to find precise Airbnb data such as occupancy rate, revenue, average daily rate, and so on. So, without further ado, let’s get into it!

Into The Airbnb Podcast S2 EP 42: Expecting $10k during ONE high season month – Smart investment tips with a host from Fayetteville, West Virginia
smart hosting tips west virginia

You can also listen to this Into The Airbnb Podcast Episode on Otter.

Delia:

Can you please tell me how did you get started with Airbnb and short-term rentals?

Kim Sayre:

In Fayette County, West Virginia, the New River Gorge and all of its surrounding just turned into a National Park. So there was a lot more tourists and stuff come into our area and I knew of a few people who had started doing Airbnb, so we knew more of the tourists, you know, would come. So that’s where we got started, the idea from.

Delia:

And can you tell me how did you acquire your first listing, your first property to the Airbnb?

Kim Sayre:

Yeah, we bought our first home a year ago. So we were still living in our home. So we didn’t really want, like go out on the limb where there wasn’t many Airbnb started yet. So we decided to start our own home and just list our own home at first just to see how it would do. So we actually moved out of our own home and we just listed our house just for the summer just to kind of like, just as a trial run.

Delia:

I see and you told me recently there was a change around your area, it turned into a National Park, right?

Kim Sayre:

Yes.

Delia:

How long ago was that?

Kim Sayre:

Within a year or two.

Delia:

Oh, and you did get started on Airbnb at the same time? Or did it take a little bit more?

Kim Sayre:

I think it was within the same year we started.

Delia:

That’s great! And while you were listing your own house, did you move out from it? Or were you still in there?

Kim Sayre:

We just moved somewhere else just for the summer and we listed our house full time through the summer.

Delia:

And how was your experience with that?

Kim Sayre:

We actually put it one Airbnb in March and we listed it through the very first of October. Within I would say three days, we got our very first listing and it hasn’t stopped since then. It’s been a great turnout.

Delia:

That’s great. And during that period where you’re renting like your own house, was everything good? How was like your feeling renting your own private home?

Kim Sayre:

We just took extra safety as far as like mattress protectors, I clean them. So it made me feel good that I could clean them and then give everyone a good experience and where it’s my own home? I don’t know. It’s actually a little bit better just because I make it special for the guests coming in.

Delia:

What about your second listing? How did you get it?

Kim Sayre:

Our second listing, it was just luck of the draw. Honestly, we know we wanted to expand. It was a little bit smaller house but it was in town. We just came across that and we just jumped on it and it we’ve had a great experience with that too. We just listed it last week. Yeah.

Delia:

Last week? Oh my god, so it’s pretty recent! Your first listing is still your primary house or not?

Kim Sayre:

Yeah, our first listing was our own home and then our second listing is our rental home.

Delia:

And did it take a long financing process to finance that second listing you just told me about?

Kim Sayre:

Yeah, with our own home it was a little bit easier because we just kind of like left all of our furniture, all the beds and everything in there, so it took way less money. I would say we took all of our income which was two months income from Airbnb on our very first home and then we invested it into the second home as far as like furniture decor stuff like that.

Delia:

And did you have to make a loan for that one?

Kim Sayre:

No, we got to really get, it was kind of like a rental deal, so we didn’t have to put like the down payment. So we were able to invest more money into the home as far as like, making it homey for our guest.

Delia:

Okay, that’s great to hear! Okay, so two months of income to invest in furnishing the property, right?

Kim Sayre:

Yes.

Delia:

And can you tell me about how much was that? And what amenities and furniture did you manage to get with the two month’s income?

Kim Sayre:

Not including, like, what we were paying for our actual home. I would say we only had to put maybe like, maybe two grand in at all. Well, it was a smaller house, we didn’t have to invest much.

Delia:

Okay, yeah, that’s a good amount actually. And how small is the house, just one-bedroom, one-bathroom?

Kim Sayre:

Um, it’s a three-bedroom, two-bath, but the house itself is a little bit smaller wherein it’s in town.

how much can you make on airbnb

Delia:

So can you tell me a little bit about your market?

Kim Sayre:

Yeah, our very first, our home is a four-bedroom, two-bath, so our market ranges, July is kind of our highest month. It’s like our high season. So the very house that we went is 298 per night and then when we first listed it, we were just kind of like playing the field a little bit, playing off of other listings and kind of things like that. And for a floor bedroom, we went to 189 a night.

Delia:

And can you tell me if the market currently is very, like, busy and competitive with Airbnb? Or are there very few of them?

Kim Sayre:

Yes, even July our highest month, we don’t have a single day open. It’s completely booked up and that’s with our own home. So with our rental house, it being listed only last week, it hit the market last week. We have, I would say maybe 20 bookings already.

Delia:

Wow 20 bookings, that’s a lot! So the stock market is very good then. So it’s still like in the stage where it’s a very good place to invest in?

Kim Sayre:

I would say so yes. Especially where it’s becoming a National Forest, so a lot more people are starting to come.

Delia:

So with your first listing, what could you say was your high season in your low season during, you know, a year of renting?

Kim Sayre:

With our very first home, we started and we listed it in March and we’re only listing our own home until October and we’re going to move back in. I would say our high season definitely is July. We have a lot of things going on in Fayette County too as far as like whitewater rafting, we do live music stuff like that here too. So I feel like there’s a lot of that going on, so that’s definitely our high season. Even with our low season, even if we’re pulling off the market in October, we still have in Fayette County golly season. It’s a part of whitewater rafting too. So I don’t even think that we would have a low season until maybe December-January.

Delia:

Okay, and how much revenue do you estimate during the high season? Like you said July-October?

Kim Sayre:

July alone with one home, just with our own house, we are expected to make 10 grand in just July.

Delia:

10 grand, that’s a lot. So can you tell me a little bit more about how did you make your market research to find out for example, the pricing? And to estimate how much could you make and stuff like that?

Kim Sayre:

We definitely joined like Facebook groups as far as that goes. They’re really helpful as far as like across the nation, good things, bad things, you know, what to expect stuff like that. As far as pricing goes, we honestly just got on Airbnb ourselves as travelers traveling to Fayette County and just like started searching the market around houses that are worth kind of like ours, like the bigger four-bedroom home stuff like that. And just kind of see what the market is around us and we just went from there.

Delia:

I understand and with your current situation, do you have to change the prices manually basically every day? Or do you keep like this steady daily rate and it gets booked still?

Kim Sayre:

Well, whenever we first did our list, our daily rate was very, very low. I will say that Airbnb kind of like low balled us as far as that goes. So we did go through manually and bump up our prices and then when we found out that July was such a booming month, we went in again and changed our price ratings. But yeah, we do that manually as far as like what our bookings are and if like we’re having a slower month we’ll go and adjust.

Delia:

Okay, yeah, that makes a lot of sense! Do you use any pricing strategy? Do you open for example, your calendar for months in advance and how do you plan to rise during the highest months that are oncoming?

Kim Sayre:

We were mainly just going through Airbnb as far as like where to start? what our competitors were doing? wherein it was our first year, we were kind of like new to everything. So mainly, we just went around through Airbnb, just, you know, with houses just like ours and went from there.

Delia:

Okay, yeah, makes a lot of sense. And so far has there been in any particular big challenges that you went through as an Airbnb host?

Kim Sayre:

Not really, we have had a great experience as far as like, I mean, everyone has been great. We’ve never got a horror story yet as far as that goes. No, not really, it’s been really great. But we have, you know, we did have a little bit of an advantage of like listing our own home. So we didn’t have that first big hiccup of investment money, you know what I mean? That we had to come up with for furniture and stuff like that. So I feel like that did help us. But no, we’ve had a great experience. I cleaned them myself. So even then, I mean, walking into our homes, we’ve always had a great experience with all of our guests so far.

Delia:

Okay, that’s great. And do you also plan on expanding your Airbnb business in the future?

Kim Sayre:

Yes, we’re actually looking at another listing. I don’t know how many in Fayette County we will still get, we’ll probably do at least another one to two listings in Fayette County. And then we want to try to expand, I don’t know, maybe in different areas, maybe in different states, just so we could be able to travel too, just have an extra house, you know, to go to.

Delia:

I get it! And are you also planning to deal with remote hosting? I mean, is there an option for you as well?

Kim Sayre:

It could be. I feel like I would want to be more season host before we go to remote just because two is already a lot to deal with. So I want to get those under my belt first before we, you know, go remote.

Delia:

Yeah, makes a lot of sense. And lastly, are there any tips that you would like to give out for future Airbnb hosts or current Airbnb host?

Kim Sayre:

I will say amenities go a long way, the price that you pay for an extra shampoo, conditioner and so, just to have just in case they forget theirs goes a long way. And a washer and dryer, I mean, you can’t really accommodate that for every home, but that has been a lifesaver for us, as far as me personally cleaning them faster flips for sure. Yeah. And it will help it too, me and my husband both, he’s the main host, I’m the co-host, so the faster that you reply to people, the better it is all around.

Delia:

That’s right. Communication is key, absolutely! Now that you talk about amenities, I would like to make you one last question. When you did the market research, did you find out any particular amenities that are popular around your area? Did you consider that when you were getting ready for this last listing?

Kim Sayre:

We did, wherein it was our own home, we already had the full kitchen and stuff, so that went a long way to as far as like people are already paying so much, you know, during the high seasons that they do want a full kitchen to where like, you know, it’d be cheaper on them to have like pots and pans to be able to cook one night or something like that. I will say the full kitchen definitely is an advantage. I mean, just having that extra few things like we do maybe just the toothpaste and toothbrushes just like to have them there just in case someone forget and that’s been a really great thing. We, on our second home, we invested in a hot tub, so we’re gonna see how that goes. We haven’t actually, our very first listing comes this weekend, so I don’t know if that would be, you know, more trouble than it would be helpful as an amenity, but we will see.

Delia:

Okay, yeah thank you for sharing with us about it! I’m also excited to hear about your future stories when, you know, this listing also has like more time in the market. And yeah, thank you for your time and thank you for your tips as well!

Kim Sayre:

Okay, thank you very much for having me!

Do you want to maximize your profit?

As a professional in the short-term rental industry, you’d definitely know that there are intense competitors who are probably obsessed with maximizing profit & exert efforts to promote Airbnb listings. What are their unique tools, you ask? We say:

A super-accurate & reliable data analytics tool.

Can’t decide which city in the world you should invest in an Airbnb? Make an informed decision by looking at the Airbnb occupancy rates by city

Designed to showcase accurate short-term rental analytics data, not only does our app help you optimize your listing, but it can also provide VERY useful data for simulating cash returns using the Airbnb Calculator. try looking at real-time data from Airbtics & stand out among your competitors!

Airbtics
Categories
Airbnb Rules All About Airbnb

Madrid Airbnb Rules

Madrid Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

Madrid Airbnb Rules

Madrid airbnb rules

Madrid Airbnb Rules

Madrid Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

Is Airbnb legal in Madrid?

Don’t worry, Airbnb is legal in Madrid! This city is the capital of Spain and is home to the Spanish Royal family & Spanish Government. Madrid is a modern metropolitan city and an economical and industrial center of Spain.

Currently, there are 12128 Airbnb listings in Madrid, with 55% of entire houses earning up to €2,225 a month, 50% managed by professionals, and 50% managed independently. Apart from complete houses, Madrid’s Airbnb offerings include 33% of private rooms and 10% of apartments(condos). Average Occupancy Rates in Madrid is 48% and average daily rate is €144. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Madrid can make up to €29,772 each year.

madrid airbnb rules
Short-term rental policy in Madrid

Register your STR property (also known as ‘tourist accommodations) with Register of Tourism Enterprises & submit a statement of responsibility that declares compliance with the existing regulations to the General Directory

–  A Tourist Use House License is required to offer apartments for tourists

Required to attain a Certificate of Suitability for Housing for Tourist Use (CIVUT) to prove that a home meets the requirements for tourist use

Required to attain a Responsible Declaration to declare that your property complies with obligations, mandatory permits, and other authorizations in Madrid

– Similar to Spain, Barcelona, and Valencia

Spain’s General Legislations

A licence to operate is required for: 

– Short-term detached house rentals with hotel services (B&B).

– Flats located in building complexes for tourists, where the entire building or complex is used for this service, must be managed by professional service providers.

A licence is no longer required for:

– Short-term detached house rentals with no hotel services (cleaning only).

– Long-term flat or home rentals (for terms over 1–2 months). Flats that are not in tourist complexes can only serve as long-term rentals in regions that don’t issue licences.

Short-term rental policy in Spain

–  A Tourist Use House License is required to offer apartments for tourists

– No minimum or maximum term for short-term contracts (no longer than 11 months)

– For non-resident landlord: liable to pay Income tax (25%) 

Certificate of Occupancy issued when the building is commissioned (Cédula de Ocupación or Cédula de Habitabilidad)

– Pay rental income tax at a rate of 24% for non-resident

– The minimum renting period of 12 months. If you terminate your contract before the first six months, you will have to pay the remaining months of the year’s contract– Similar to Madrid, Barcelona, and Valencia 

Pros and Cons of running Airbnb 

Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

airbnb rules

Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

Pros

1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

Cons

1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

Conclusion

If you’ve made it this far, you’re thinking of starting an Airbnb.

We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

 -which neighborhood to target, 

 -which amenities are in high demand, 

 -what is the market’s historical performance, 

 -what are the occupancy rates of a two-bedroom house, 

 -should I do a two-bedroom house or a three-bedroom house? 

Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Keep Reading

Rent Accommodation While Travelling
Where Students Can Rent Accommodation While Travelling?

Where Students Can Rent Accommodation While Travelling? Traveling opens the door to incredible adventures, immersing you in new places and cultures. But there’s one obstacle …

Read More →
Rental Arbitrage Chicago

Table of Contents Add a header to begin generating the table of contents What is Rental Arbitrage? Rental Arbitrage is a method similar to house …

Read More →
Reglas Airbnb en Zaragoza
Reglas Airbnb en Zaragoza

Si es que deseas comprar inversiones inmobiliarias en España, el primer paso que debes realizar es conocer más a fondo las reglas de Airbnb! En …

Read More →
Hamilton airbnb rental arbitrage
Airbnb Rental Arbitrage in Hamilton

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental …

Read More →
best places to buy to let glasgow
Best Places to Buy to Let in Glasgow: Where to Invest in Airbnb?

Investing in the best places to buy to let in Glasgow is a fantastic idea to earn a passive income through Airbnb. Learn more here! …

Read More →
best places to Airbnb in Nova Scotia
Best Places to Airbnb in Nova Scotia: Where should you invest in an income property?

Best Places to Airbnb in Nova Scotia: Where should you invest in an income property?: Get to know the best places to Airbnb around Nova …

Read More →

Categories
Airbnb Rules All About Airbnb

Hamburg Airbnb Rules

Table of Contents
    Add a header to begin generating the table of contents

    Is Airbnb legal in Hamburg? 

    Don’t worry, Airbnb is legal in Hamburg! Hamburg is the largest city of German western state of North Rhine-Westphalia (NRW) and the fourth-most populous city of Germany. 

    Currently, there are 1939 Airbnb listings in Hamburg, with 54% of entire houses earning up to €1,704 a month, 18% managed by professionals, and 82% managed independently. Apart from complete houses, Hamburg’s Airbnb offerings include 32% of private rooms and 11% of apartments(condos). Average Occupancy Rates in Hamburg is 44% and average daily rate is €94. According to vacation rental data source Airbtics, a 2-bedroom apartment in Hamburg can make up to €28,740 each year.

    hamburg airbnb rules
    Short-term rental policy in Hamburg

    – You can host your entire primary residence for ONLY 0-56 days with a housing protection number. 

    – Required to notify the city of the duration of the guest’s stay within 10 days (exemptions applicable)

    A permit to operate is required if your listing is a secondary or primary residential space (8 weeks per year)

    Culture tax is required for the promotion & advancement of culture, similar to Koln.

    Short-term rental policy in Germany 

    – Hosts are required to collect & retain information about guests (for 3 months or less)

    – Rentals on primary residences have NO duration.

    – Rentals on secondary homes are limited to 90 days annually

    how much can you make on airbnb

    Pros and Cons of running Airbnb 

    Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

    A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

    airbnb rules

    Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

    Pros

    1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

    2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

    3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

    4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

    5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

    6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

    7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

    Cons

    1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

    2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

    3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

    4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

    5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

    6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

    Conclusion

    If you’ve made it this far, you’re thinking of starting an Airbnb.

    We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

    You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

     -which neighborhood to target, 

     -which amenities are in high demand, 

     -what is the market’s historical performance, 

     -what are the occupancy rates of a two-bedroom house, 

     -should I do a two-bedroom house or a three-bedroom house? 

    Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

    search tab
    Airbtics
    Categories
    Airbnb Rules All About Airbnb

    Koln Airbnb Rules

    Table of Contents
      Add a header to begin generating the table of contents

      Is Airbnb legal in Köln? 

      Don’t worry, Airbnb is legal in Köln! Koln is the largest city of German western state of North Rhine-Westphalia (NRW) and the fourth-most populous city of Germany. 

      Currently, there are 1534 Airbnb listings in Koln, with 62% of entire houses earning up to €1,255 a month, 25% managed by professionals, and 75% managed independently. Apart from complete houses, Koln’s Airbnb offerings include 26% of private rooms and 12% of apartments(condos). Average Occupancy Rates in Koln is 36% and average daily rate is €145. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Koln can make up to €22,584 each year.

      Koln airbnb rules
      Short-term rental policy in Köln

      – Zoning violations: It is prohibited to use more than 50% of the floor space of any residential unit for non-residential purpose (for more than 90 days per calendar year)

      –  A permit is NOT required if you want to rent out less than 50 % of the total size of your residence

      – JULY 1 2022: Required to register your listing with city authorities & display a registration number (“Wohnraum-Identitätsnummer”)

      Culture tax is required for the promotion & advancement of culture, similar to Hamburg

      Short-term rental policy in Germany 

      – Hosts are required to collect & retain information about guests (for 3 months or less)

      – Rentals on primary residences have NO duration

      – Rentals on secondary homes are limited to 90 days annually

      how much can you make on airbnb

      Pros and Cons of running Airbnb 

      Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

      A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

      airbnb rules

      Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

      Pros

      1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

      2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

      3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

      4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

      5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

      6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

      7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

      Cons

      1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

      2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

      3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

      4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

      5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

      6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

      Conclusion

      If you’ve made it this far, you’re thinking of starting an Airbnb.

      We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

      You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

       -which neighborhood to target, 

       -which amenities are in high demand, 

       -what is the market’s historical performance, 

       -what are the occupancy rates of a two-bedroom house, 

       -should I do a two-bedroom house or a three-bedroom house? 

      Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

      search tab
      Airbtics
      Categories
      Airbnb Rules All About Airbnb

      Munich Airbnb Rules

      Table of Contents
        Add a header to begin generating the table of contents

        Is Airbnb legal in Munich? 

        Don’t worry, Airbnb is legal in Munich! Munich is the third largest city in Germany. Considered as the city with a big heart, Munich is Germany’s lifestyle capital.

        Currently, there are 2385 Airbnb listings in Munich, with 44% of entire houses earning up to €1,538 a month, 9% managed by professionals, and 91% managed independently. Apart from complete houses, Munich’s Airbnb offerings include 37% of private rooms and 16% of apartments(condos). Average Occupancy Rates in Munich is 32% and average daily rate is €134. According to short-term rental data source Airbtics, a 2-bedroom apartment in Munich can make up to €28,356 each year.

        munich airbnb rules
        Short-term rental policy in Munich

        Zoning violations: Similar to the city of Koln, it is prohibited to use more than 50% of the floor space of any residential unit for non-residential purposes

        – A residential area within city limits is subjectively intended for residential purposes ONLY

        –  Regulations allow you to rent your entire home to guests for a combined total of up to eight weeks per calendar year without a permit.

        Short-term rental policy in Germany 

        – Hosts are required to collect & retain information about guests (for 3 months or less)

        – Rentals on primary residences have NO duration

        – Rentals on secondary homes are limited to 90 days annually

        how much can you make on airbnb

        Pros and Cons of running Airbnb 

        Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

        A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

        airbnb rules

        Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

        Pros

        1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

        2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

        3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

        4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

        5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

        6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

        7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

        Cons

        1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

        2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

        3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

        4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

        5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

        6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

        Conclusion

        If you’ve made it this far, you’re thinking of starting an Airbnb.

        We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

        You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

         -which neighborhood to target, 

         -which amenities are in high demand, 

         -what is the market’s historical performance, 

         -what are the occupancy rates of a two-bedroom house, 

         -should I do a two-bedroom house or a three-bedroom house? 

        Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

        search tab
        Airbtics
        Categories
        Airbnb Rules All About Airbnb

        Berlin Airbnb Rules

        Berlin Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

        Berlin Airbnb Rules

        Berlin airbnb rules

        Berlin Airbnb Rules

        Berlin Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

        Is Airbnb legal in Berlin? 

        Don’t worry, Airbnb is legal in Berlin! Berlin is the capital and chief urban centre of Germany andis renowned for its exceptional range of landmarks, vibrant cultural scene and way of life.

        Currently, there are 7182 Airbnb listings in Berlin, with 47% of entire houses earning up to €1,878 a month, 23% managed by professionals, and 77% managed independently. Apart from complete houses, Berlin’s Airbnb offerings include 32% of private rooms and 17% of apartments(condos). Average Occupancy Rates in Berlin is 44% and average daily rate is €108. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Berlin can make up to €26,796 each year.

        berlin airbnb rules
        Short-term rental policy in Berlin 
        • A permit to host is necessary to apply with the local district office – for primary residence rentals, (no limit for how many days guests can rent the entire primary residence)
        • A permit to host is also necessary to apply with the local district office – for secondary residence rentals, (up to 90 days per year)
        • Pay overnight accommodation tax 
        Short-term rental policy in Germany 
        • Similar policies with Munich
        • Hosts are required to collect & retain information about guests (for 3 months or less)
        • Rentals on primary residences have NO duration
        • Rentals on secondary homes are limited to 90 days annually

        Pros and Cons of running Airbnb 

        Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

        A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

        airbnb rules

        Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

        Pros

        1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

        2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

        3. Earns more money than a long-term rental – It’s simple to calculate: €1500 for a vacation week vs. €1500 per month to rent for a year.

        4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

        5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

        6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

        7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

        Cons

        1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

        2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

        3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

        4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

        5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

        6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

        Conclusion

        If you’ve made it this far, you’re thinking of starting an Airbnb.

        We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

        You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

        • which neighborhood to target, 
        • which amenities are in high demand, 
        • what is the market’s historical performance, 
        • what are the occupancy rates of a two-bedroom house, 
        • should I do a two-bedroom house or a three-bedroom house? 

        Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, and you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

        Unlock Worldwide
        Short-Term Rental Data
        Find unsaturated neighborhoods with the highest occupancy history.

        Unlock Worldwide
        Short-Term Rental Data
        Find unsaturated neighborhoods with the highest occupancy history.

        Keep Reading

        Subarrendamiento Airbnb Cordoba
        Subarrendamiento en Airbnb en Cordoba

        Estas interesado en conseguir la independencia financiera por medio de un ingreso pasivo? Te damos un aviso: no necesitas ser dueño de una propiedad como …

        Read More →
        airbnb property for sale Tarragona City
        Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Tarragona City

        airbnb property for sale Tarragona City The charming city of Tarragona stands out with its impressive Roman archeological sites that were included in the World …

        Read More →
        toulouse Airbnb rules
        Toulouse Airbnb Rules

        Table of Contents Add a header to begin generating the table of contents Is Airbnb legal in Toulouse? Don’t worry, Airbnb is legal in Toulouse! …

        Read More →
        airbnb revenue hosting in salisbury
        Interview with an Airbnb Host from Salisbury, North Carolina – S2 EP55

        Welcome back to another episode of Into The Airbnb, where we chat with Airbnb hosts about their short-term rental experience. Our guest for today is …

        Read More →
        las palmas airbnb rules
        Las Palmas Airbnb Rules

        Table of Contents Add a header to begin generating the table of contents Is Airbnb legal in Las Palmas? Don’t worry, Airbnb is legal in …

        Read More →
        rental arbitrage calculator
        Airbtics Rental Arbitrage Calculator

        Is it legal to Start an Airbnb Rental Arbitrage? To cut the story short, starting a rental arbitrage business is certainly legal! As long as …

        Read More →

        Airbnb Data
        Airbnb Data

        Join The Club!

        Get a free weekly
        Data-DRIVEN REPORT

        will only send you value bombs

        ARE YOU IN?

        Get Access to our weekly data-driven airbnb report!