Author: Yukta Debnath

AllTheRooms Analytics Review

Post author By Yukta Debnath
Post date December 29, 2021

Why am I eligible to give an AllTheRooms Review?

It’s not easy to find a solid investing opportunity. To make a fantastic investment, you’ll need a little luck on your side. Getting a good bargain before data was available was a matter of being in the right location at the right time. Or having the correct knowledge links. However, thanks to technologies like AllTheRooms Analytics, Airbtics, and AirDNA, everyone now has access to the knowledge they need to make a good investment. We’ll undertake an AllTheRooms Analytics Review and feature breakdown in this blog to assess if it’s still worth it in 2021.

Read More: AirDNA Review

AllTheRooms was founded in 2013 and quickly became a hit. It was one of the data analytics solutions for property investors available on the market at the time. When I was looking for investment properties in the North Laine region in 2015, I tried AllTheRooms. The most crucial things to master in real estate are timing and knowledge. AllTheRooms was one of the first platforms to bring this information to the broader public and empower ordinary investors. AllTheRooms leveled the playing field for everyone, whether you’re a seasoned real estate investor or just starting out. Following AllTheRooms, everyone has the same access to accurate information and expertise.

But it’s been 9 years since its launch and there have been many competitors in the market providing similar services. So I’ll try my best to show as many reviews of existing customers and their overall thoughts on AllTheRooms. Also, I’ll list down all the features to help you get started. A list of good alternatives will be at the bottom as well that have recently been providing more accurate data and great service.

What is AllTheRooms?

AllTheRooms is the top provider of short-term rental hosts’ tools and services. Their short-term rental data and analytics packages are their major offers. Vacation rental owners, investors, property managers, tourism boards, hotels, and other businesses benefit from such knowledge.

AllTheRooms ‘ mission is simple: “to gather and catalog every room on Earth and to use those data to provide in-depth insights into the growing vacation rental market.” More people than ever are investing in short-term rental properties or converting spare bedrooms into cash cows, so expanding is the new normal. This market has produced dozens of businesses that claim to be able to assist hosts in achieving their goals.

How does AllTheRooms obtain data?

AllTheRooms provides all of the normal historical and future analytics. Some of their innovative dashboard insights are where they set themselves apart.
Every month, AllTheRooms calculates a Vacation Rental Score. This score compares revenue, ADR, and occupancy from a company’s listing and the market to give a single grade to performance. It’s the ideal solution for exhausted property managers who need a third-party metric to communicate with owners or investors.

AllTheRooms’ recent introduction means that customer feedback data is currently restricted, so there are few available customer reviews. The team at AllTheRooms conducts a lot of data mining and research for marketplaces all around the globe, so their features are robust. However, they do provide some detailed information about properties compared to some of their competitors.

Existing Customer’s AllTheRooms Review

1. Trustpilot

On Trustpilot, AllTheRooms has a 2.8/5 average rating. Many users have raised their concerns about the website’s performance, payment issues, missing listings and properties, and property misrepresentation. This indicates that there is much room for improvement.

In our AirDNA Review, we saw the majority of the users had problems related to the pricing and not data that much.

Dashboard

AllTheRooms’s dashboard has changed significantly over the last 9 years.

Their data and interface are both excellent, making it simple and natural to jump right in without any prior experience.

In the following sections, we’ll go through the tool’s many features and how to make the most of them.

Market Insight

When you initially open a view for a specific market, you’ll get to see a screen shown below.

If you click the Learn More button below, you’ll get a more detailed trend over the last two years. This can be quite useful in determining the market’s direction. You can observe if the overall number of listings is increasing or decreasing beneath it.

Market Revenue: Knowing the whole available supply and its trend, as well as the overall market size, is quite beneficial. To determine the size of the total addressable market, someone considering starting a business often performs this exercise. To put it another way, you want to make sure the market is big enough for you to grow and expand. This is especially important if you’re thinking about smaller cities and want to know what the overall short-term rental demand is like.

Occupancy Rate: The Occupancy Rate is the next piece of information we like to look at. The first thing it shows you are the total occupancy rate for that market for that month. When you click Learn More, you’ll receive a more detailed view of the previous 1-2 years.

Comparison Tools: One of the best things about AllTheRooms is how simple it is to compare different factors.

Imagine comparing the Occupancy Rate with the available supply to see if it drops as the whole supply grows.

In addition to daily rates, occupancy rates, supply, revenues, market prices, booking lead times, and average daily rates, there are several other factors to consider.

While you can only compare up to two items at a time, it’s worth playing around with to get a full picture of the market.

A deeper look

We had been utilizing AllTheRooms to look at a market from a bird’s eye view to assess the overall patterns up to this point.

Following that, you’ll have to dig deeper and identify the specifics of a certain property. We frequently require a tool like this to better assess how a specific product will fare in the market.

So, let’s suppose we’re looking at a 4-bedroom house that we can rent out as a whole or by individual bedrooms, and we want to see what type of information we can get.

There are a few filters at the top of the page that allow you to slice and dice the data based on the type of listing.

This, in our opinion, is one of the most important advantages of using AllTheRooms. After all, you can only use the information you collect if you can compare apples to apples. Because the performance of a 1-bedroom unit differs from that of a 4-bedroom unit, you must compare similar types.

You can filter the statistics by Private Room or Entire Home with a certain number of bedrooms, and the data will be changed accordingly. If we look at Entire Homes with 4+ bedrooms, for example, we’ll see the following.

AllTheRooms Contact & Support

Address: 712 5th Ave, New York, NY 10019

Email: [email protected]

Pricing

The company offers a range of plans and pricing:

Free– You get free short-term rental data for the location you’ve chosen. You can check back three months of ADR data and look forward to the data for the current month.

Basic– A member receives short-term rental analytics for the area of choice, including any sub-areas, for $19 per month. Data from the last 12 months can be analyzed, and data from the next month can be examined.

Pro– For $49 a month, you can get short-term rental analytics for your chosen area, including any sub-areas. Data from the past four years, as well as six months’ worth of prospective data, can be analyzed and downloaded.

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Airbnb Rules All About Airbnb

Cape Town Airbnb Regulations

Post author By Yukta Debnath
Post date December 18, 2021

Cape Town Airbnb Regulations is a complete guide that will provide you with an overview of the rules and get you started on your journey.

Home > Resources > Airbnb Rules >

Cape Town Airbnb Regulations is a complete guide that will provide you with an overview of the rules and get you started on your journey.

August 7, 2023

Is Airbnb legal in Cape Town?

The answer is yes! A by-law has been formally adopted by the City of Cape Town making it easier for residents to rent out their properties on Airbnb.

Currently, there are 3,311 Airbnb listings in Cape Town, with 39,1% of entire houses earning up to $1,460 a month, 5,7% managed by professionals, and 30,4% managed independently. Apart from complete houses, Cape Town’s Airbnb offerings include 6,2% of private rooms. According to short-term rental data source Airbtics, a 2-bedroom apartment in Cape Town can make up to $14,592 each year.

cape town airbnb regulations

Here we will provide some useful information that can help you better understand the Cape Town Airbnb Regulation.

Short-Term Rentals Laws

New city planning bylaws permit a range of homeowners to rent out their homes on a short-term basis
The land-use amendment allows the short-term leasing of a house or apartment for a maximum of 30 days for the same guest
Before the amendments, only single-family homes were eligible for short-term rentals
In addition to single-family homes and apartment buildings, the new rule now applies to units contained within sectional title holdings
The homeowner, however, must follow the conditions outlined by the body corporate or homeowners’ association

Cape Town Airbnb Regulations

The City of Cape Town has adopted a bylaw that allows short-term rentals for up to 30 consecutive days from the same guest/traveler.
Zoning is meaningless. The term “Airbnb” refers to “transient visitors,” and it has nothing to do with guest houses, bed and breakfasts, or hotels. It makes no difference whether your property is zoned Single Residential 1 or 2, or General Residential 1 or 2.
If the conduct regulations of a Sectional Scheme need it or if the Constitution of an HOA governs the property, authorization from a Body Corporate may still be required.

Reference| tdacontent

The initial cost of starting Airbnb in Cape Town

Having an Airbnb listing can be a good way to make extra money, but being a host comes with its own set of problems. Offering a short-term rental comes with several expenses. It may affect your mortgage, as well as taxes and cleaning fees.
It is a good idea to consider all these prospective costs and real estate variables before diving in. We’ll go over some of the most typical and surprising expenditures associated with being an Airbnb host, such as:

Airbnb service fees

Airbnb hosts share the first cost you might expect. Once you get a reservation, Airbnb charges a 3% service fee. This may not seem like much, but if you rent your house on Airbnb many times a year, this cost can add up.

Supplies Needed

Your rented property will need fresh bedding, towels, linens, toilet paper, soap, and other amenities. To make your rental feel more like home, you’ll want to stock the fridge and pantry with at least a few foodstuffs.

It’s a good idea to secure your property with external cameras such as a video doorbell and hardwired or Wi-Fi weatherproof exterior cameras. Installing four higher-quality video cameras will set you back roughly $1,200.

Cleaning expenses

Cleaning is, of course, required when renting your house on Airbnb. While cleaning supplies are inexpensive, expect to spend several hours cleaning, vacuuming, mopping, and tidying up. You’ll need to use a cleaning service if you don’t want to do the work or won’t be available to do it. Each cleaning session might cost you more than $200.

You can pass these costs on to your guests in the form of an increased rental price or by adding a separate cleaning fee to your rental listing.

Insurance protection

Insurance coverage is the most expensive component of renting your house on Airbnb. You may be able to rent your house without having to buy extra coverage or incur extra costs if you have existing home insurance. But, you must notify your insurer in advance and get approval. For an extra fee, you may need to add a rider or endorsement to your existing policy.

The Airbnb Host Guarantee covers you for up to $1 million in damages to your home caused by your visitors (besides the security deposit). Yet, this coverage isn’t comprehensive. Wear and tear, personal liabilities, jewels, securities, cash, pets, collectibles, and rare artwork are all excluded.

Expenses of starting a business

For tax advantages, some experts tell incorporating your company. You may be able to protect your assets if sued by forming a corporation or limited liability company (LLC) as well as receive tax benefits from doing so.
But, depending on the state you live in, the charges of incorporating might be quite significant.

Mortgage expense

If you plan to refinance your home’s mortgage, renting out your home via Airbnb may cost you money. Because of this, your rental income may not be taken into account when refinancing your home. This would have an impact on your debt-to-income ratio, which could lead to a higher interest rate on your new loan.

Pros and Cons of running Airbnb in Cape Town

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.

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.

Best areas to invest in Cape Town

There are some obvious places that come to mind when thinking of Cape Town like Camps Bay, Bantry Bay and Bloubergstrand. But two of the best areas for investment top our list. The first one is:

1. Higgovale

According to our Airbtics Dashboard, Higgovale is the top market to invest in Short-term Rentals. There are currently 9,992 Airbnb listings. Monthly revenue for most properties is more than $1,218/month with occupancy being more than 30%.

2. Flamingo Vlei

According to our Airbtics Dashboard, Flamingo Vlei is the second top market to invest in Short-term Rentals. There are currently 9,087 Airbnb listings. The monthly revenue for most properties is more than $1,208/month with occupancy being more than 29%.

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?

In that case, the tool might be too complex for you, visit our tutorials – With the data dashboard, you can get meaningful and actionable insights.

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.

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Airbnb Rules All About Airbnb

Burnaby Airbnb Rules

Post author By Yukta Debnath
Post date December 17, 2021

Table of Contents

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Is Airbnb legal in Burnaby?

The answer is yes! Using platforms like Airbnb to rent your property is permissible in Burnaby.

Currently, there are 1,978 Airbnb listings in Burnaby, with 51,7% of entire houses earning up to $2,481 a month, 4,3% managed by professionals, and 42,9% managed independently. Apart from complete houses, Burnaby’s Airbnb offerings include 8,7% of private rooms. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Burnaby can make up to $30,540 each year.

burnaby airbnb rules

Here we will provide some useful information that can help you better understand the Burnaby Airbnb Rules.