Category: Hosting Tips

How can Airbnb hosts deal with non-leaving guests?

Post author By Guest
Post date June 13, 2023

how to deal with non-leaving guests

Being an Airbnb host can be an exciting and rewarding experience. You get to meet new people, share your space, and earn some extra cash. However, sometimes you may encounter a situation where your guest refuses to leave at the end of their reservation.

Dealing with airbnb squatters can be incredibly frustrating and challenging, but there are a few strategies you can employ to handle the situation effectively.

Communicate:

First and foremost, communication is key. If a guest shows no signs of leaving on the agreed-upon checkout date, it’s important to initiate a conversation. Approach the situation calmly and politely ask if there’s any reason they haven’t vacated the premises. There could be a genuine misunderstanding or a delay due to unforeseen circumstances. By starting the conversation, you give the guest an opportunity to explain themselves and rectify the situation.

In some cases, the guest may have simply lost track of time or misunderstood the checkout procedures. Politely remind them of the checkout time and any specific instructions you provided. It’s possible that they may have unintentionally overstayed their welcome and will promptly gather their belongings and leave.

Accommodate if possible:

If the guest provides a valid reason for their delay, such as a missed flight or transportation issues, try to be understanding and accommodate them if possible. Offer to help them find alternative accommodations or assist them in making the necessary arrangements. While it can be inconvenient, showing empathy and flexibility can help resolve the situation amicably.

However, there may be instances where the guest refuses to leave despite your efforts to communicate and find a resolution. In such cases, it’s crucial to familiarize yourself with local laws and regulations regarding tenant rights and eviction procedures. Each jurisdiction has its own rules, so it’s important to consult with a legal professional who specializes in real estate or landlord-tenant law.

Contact Airbnb Support:

Contacting Airbnb support should be your next step. Inform them about the situation and provide any evidence or documentation you have, such as messages, photographs, or eyewitness accounts. Airbnb has policies in place to protect hosts in these types of scenarios, and they can offer guidance and assistance in dealing with non-leaving guests. They may mediate the situation or take necessary actions to ensure the guest leaves your property.

While awaiting resolution from Airbnb, it’s important to remain calm and composed. Avoid confrontations or arguments with the guest, as it may escalate the situation further. Maintain clear and professional communication, documenting any interactions or attempts made to resolve the issue.

Get in touch with a lawyer:

In extreme cases where the guest still refuses to leave and legal action becomes necessary, consult with an attorney to understand the eviction process. Depending on your jurisdiction, you may need to file an eviction lawsuit or seek assistance from law enforcement. Keep in mind that the legal process can be time-consuming and expensive, so it’s essential to weigh the costs and benefits before proceeding.

To prevent such situations in the future, consider implementing stricter policies and procedures. Clearly communicate your expectations and the checkout time to guests during the booking process and in your house rules. Set up automatic reminders a day or two before the checkout date to ensure guests are aware of their departure obligations. Additionally, consider incorporating penalties for overstaying, such as additional fees or charges.

Maintaining open lines of communication with your guests throughout their stay can also help prevent misunderstandings or surprises at the end. Check in with them periodically to ensure they’re having a good experience and address any concerns or issues promptly. By fostering a positive and responsive hosting environment, you may reduce the likelihood of encountering non-leaving guests.

Agreement:

Another helpful strategy is to have a detailed written agreement in place. Clearly outline the terms of the reservation, including the check-in and checkout dates and times. This agreement can serve as a reference point in case any disputes arise. Make sure both you and the guest sign and acknowledge the agreement to ensure mutual understanding and accountability.

In addition to a written agreement, it’s a good idea to have a backup plan for unforeseen circumstances. Consider having a contingency arrangement with a nearby hotel or another Airbnb host who can accommodate your guest in case of an extended stay. This proactive approach can help you handle unexpected situations more smoothly and minimize the impact on your own hosting schedule.

When it comes to preventing non-leaving guests, being selective with your bookings can also make a difference. Take the time to review guests’ profiles, read their reviews from previous hosts, and pay attention to any red flags. If you notice any concerning patterns or negative feedback, it may be best to decline the booking. Trust your instincts and prioritize your comfort and peace of mind as a host.

In some cases, offering incentives for early departures can be a helpful strategy. If a guest indicates their intention to extend their stay beyond the reservation period, you can offer discounts or other perks for voluntarily checking out on time. This approach can motivate guests to adhere to the agreed-upon dates and help avoid potential conflicts.

Foster relationship:

Fostering a positive and respectful relationship with your guests from the start can contribute to a smoother experience overall. Provide clear and detailed instructions for check-in and checkout, along with information about the local area and any specific rules or guidelines. By establishing a positive rapport and creating a welcoming atmosphere, you increase the likelihood of guests complying with your expectations and respecting your property.

Dealing with non-leaving guests as an Airbnb host can be stressful, but it’s important to approach the situation with patience, understanding, and the knowledge of your rights as a host. Maintain open lines of communication, seek assistance from Airbnb when necessary, and consider legal guidance if the situation requires it. By implementing preventative measures, setting clear expectations, and being proactive in addressing any issues, you can minimize the likelihood of encountering non-leaving guests and ensure a more enjoyable hosting experience overall.

Remember, while dealing with difficult situations can be challenging, the vast majority of Airbnb experiences are positive and rewarding. So, don’t let the occasional hiccup discourage you from continuing to share your space and create memorable experiences for your guests.

Tags Hosting Tips

What is the Best Number of Bedrooms for Airbnb?

Post author By Ramon Meris
Post date May 23, 2023

What is the best number of bedrooms for Airbnb? You might be surprised to know the answer!

Home > Resources > Hosting Tips >

What is the best number of bedrooms for Airbnb? You might be surprised to know the answer!

Last updated April 24, 2024

What is the Best Number of Bedrooms for Airbnb?

Executive Summary

As a (short-term rental) data scientist, I’ve had the privilege of looking into how the number of bedrooms could impact Airbnb metrics in various cities.

Here’s a summary after looking into over 500 Airbnb markets worldwide:

1. Typically, listings with fewer bedrooms enjoy higher occupancy rates: Studio > 1 bedroom > and so forth. The average occupancy rate drops by 3-5% as the number of bedrooms increases.
2. The average daily rate increases by anywhere between 20-50% by adding an extra bedroom.
3. Rare properties with 6+ bedrooms may get a low average occupancy rate. However, they can charge a premium daily rate. More extensive properties can be irreplaceable and unique by offering an exciting amenity like a basketball court or a wedding venue. While revenue can be high, they’re unlikely to be booked as frequently as others. The gross rental yield of 6+ bedrooms can be higher in the right market.
4. 2 to 3 bedrooms have the lowest gross rental yield on average. Their sales price is high because you must compete with primary residential home buyers.
5. There’s usually little to no difference between a studio and a 1-bedroom unit.

See Revenue By Number of Bedrooms

Introduction

Aside from location, the best number of bedrooms for Airbnb is also a major factor in real estate investing, as this can also maximize the revenue potential of your investment property. In this blog post, we’ll use accessible short-term rental analytics to answer the question on every investor’s mind, “What is the best number of bedrooms for Airbnb?”

So, whether you’re a seasoned investor looking to expand your portfolio or a newcomer eager to capitalize on the sharing economy, read on to discover the insights that will help you maximize your returns on your prospective Airbnb property!

What qualifies as a bedroom on Airbnb?

An Airbnb bedroom should typically be a private space within your listing that offers sleeping accommodations. It should have walls, a door, and a window for ventilation and natural light. In terms of size, it should be large enough to accommodate a bed comfortably, with ample space for guests to move around.

To meet Airbnb bedroom requirements, it should feature a real bed, such as a standard double or queen-sized mattress, or a larger alternative like a king-sized bed. While potentially suitable for extra guests, air mattresses or sofa beds generally do not count as qualifying beds for an Airbnb bedroom.

Additionally, the bedroom should provide basic furniture and amenities essential for a guest’s comfort and convenience. This includes items like nightstands, lamps, storage space (such as a closet or dresser), and privacy-enhancing features like curtains or blinds.

Importantly, a bedroom should not be a shared space, such as a living room, dining area, or any other common area within your property. While you may offer these spaces to guests, they should be clearly differentiated from a designated bedroom.

How many bedrooms are best for Airbnb?

Surprisingly, there really isn’t a magic number! The number adjusts depending on the Airbnb market. However, realtors often advise you to go for a property with the most number of bedrooms if your target is to maximize income. It may be true that a bigger property means a higher nightly rate. On the other hand, its downside may be a lower occupancy rate.

Myth: More Bedrooms the Better?

But people still try to give a definite answer and give the exact best number of bedrooms for Airbnb. They say that it is around 3, but this number is just an average within a market.

While averaging the best number of bedrooms for Airbnb already gives us an idea, the tricky part is the size of the market which they get the average from. Is it the average per state or country? If this is the case, perhaps the short-term rental market is too big to give investors the best number of Airbnb bedrooms and guide them closer to buying the investment property that will give them the highest return.

Gross Rental Yield

To find the best number of bedrooms for Airbnb, intelligent investors consider the gross rental yield. It is one of the financial metrics used to assess the return on investment (ROI) of a rental property. This helps you measure the property’s income-generating capacity in relation to its purchase price.

In the next section, you will learn how to find an Airbnb investment property using gross rental yield to finally answer the best number of bedrooms for your next Airbnb market.

How To Find the Best Number of Bedrooms for Airbnb in Your Market?

Finding Airbnb properties requires a lot of research. But in most cases, Airbnb investors already have a prospective Airbnb market in mind. Be it a beach or shopping destination, they already have a picture of the kind of guests they want to accommodate. The next step for them is to research and get Airbnb data on that short-term rental market.

(For first-time investors who still do not have a specific Airbnb Market in mind, read on because this research method can also help you!)

Check Your Prospective Airbnb Market

Airbtics’ Discovery Tool answers 2 questions very important to investors, “Where should I invest in?” and “What is the best number of bedrooms for Airbnb in that market?”

Airbtics’ Discovery Tool is so easy to use. Simply type in your prospective short-term rental market, and you will instantly see how profitable that market is! Let’s take the Orlando Airbnb market as an example.

According to Airbtics Dashboard, a 2-bedroom Airbnb unit has an average annual revenue of $45,015 while a 1-bedroom unit has $32,656. However, a 1-bedroom Airbnb unit in Orlando is a more valuable investment in terms of gross rental yield (although marginally) compared to a 2-bedroom unit.

The Discovery Tool also shows Airbnb data in nearby cities. And as you can see, fewer bedrooms have higher gross rental yields in Cocoa Beach and Cape Canaveral. This feature of the Discovery Tool presents wider investment opportunities to investors and can make them want to reconsider their prospective Airbnb market.

Less Isn’t Always More

But “fewer bedrooms give higher gross rental yields” is not always the case. If you check Jacksonville, you can see that the higher the number of bedrooms, the higher its gross rental yields and annual revenue! This is why it’s really important to check the data on your Airbnb market before buying a multi-million dollar investment property.

We’ll also offer you a more detailed way to see the best number of bedrooms in a very specific Airbnb market.

Get Location-Specific Airbnb Data

Let’s say that you’re planning to buy a property in West Seattle where you dream to retire in the future. But in the meantime, you want to make it a worthwhile investment that will give you a stable income and simultaneously give you a faster return (measured by gross rental yield).

You have narrowed down your options, and now you have to choose between this 2-bedroom property worth $634,950 and this 3-bedroom property worth $927,999.

With access to the right data, you can simulate the ROI of your prospective property investment by customizing an Airbnb market. It gives you a dataset specific to your target market such as their average Airbnb occupancy rate. Let’s now mirror the Airbnb West Seattle market using the Airbtics Dashboard.

West Seattle currently has 79 active Airbnb listings that have an average occupancy rate of 78% and charge an average nightly rate of $195. The average annual revenue in this Airbnb market is $56,769.

You can now answer the question of which of the two properties you will buy: the 2-bedroom property worth $634,950 or the 3-bedroom property worth $927,999. By using the advanced filters you can know the financial performance of a property size. And from there, you can determine the best size house for Airbnb in a specific market.

Both property sizes are profitable (and interestingly, the 2-bedroom property in West Seattle Airbnb Market can give a higher annual revenue). Let’s now use one of the industry-standard methods of getting the gross renting yields.

In this research, we have learned that a 2-bedroom property in West Seattle is a more worthwhile investment. It has an average revenue of $83,476 ($1,683 more than that of a 3-bedroom property). This property size even has a 4.33% higher gross rental yield, which is another performance indicator of property investment.

Our hypothetical investor is now really glad! He has already found the investment property that meets his criteria: a stable passive income and a faster return on investment. It has solved the problem of which of his prospective properties in West Seattle is more worth spending his hard-earned money on, the 2-bedroom or 3-bedroom unit!

Conclusion

In this article, we have learned that we cannot really put a figure on the best number of bedrooms for Airbnb. As we have seen, the wisdom that “more rooms, more revenue” is only true because you can charge a much higher nightly rate.

However, it might take you longer to get your return on investment of that bigger property worth at least $ 1 million. At the same time, we cannot rely on a “less is more” mindset. As we have seen in Jacksonville, the annual revenue and gross rental yield increase with the number of bedrooms.

How to find Airbnb properties is a challenging question to answer, but Airbnb investors will just have to analyze the data on their prospective market. This article aims to give them a hand with how to use short-term rental analytics when looking for their next rental property.

If you have a property in mind, try this comprehensive and accessible Vacation Rental Calculator and see how much you gain from your prospective property investment.

Accessible and comprehensive data for
the best number of bedrooms in your market!

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.

Quick Links

Annual Airbnb Revenue in Occidental california, USA

Arnav April 10, 2024

Occidental, California| Airbnb Market Data & Overview | USA Occidental, California Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Occidental, …

Interview with an Airbnb Host from Ludowici, Georgia – S2 EP36

Robyn Peña June 18, 2022

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

Annual Airbnb Revenue in Waverly iowa, USA

Arnav April 10, 2024

Waverly, Iowa| Airbnb Market Data & Overview | USA Waverly, Iowa Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Waverly, …

Annual Airbnb Revenue in Rochester new hampshire, USA

Arnav April 10, 2024

Rochester, New Hampshire| Airbnb Market Data & Overview | USA Rochester, New Hampshire Airbnb Market Data & Overview USA Is it profitable to do Airbnb …

Annecy Airbnb Rules

Robyn Peña July 8, 2022

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

Annual Airbnb Revenue in Chambersburg pennsylvania, USA

Arnav April 10, 2024

Chambersburg, Pennsylvania| Airbnb Market Data & Overview | USA Chambersburg, Pennsylvania Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Chambersburg, …

Tags Hosting Tips

All About Airbnb Hosting Tips

Airbnb Price Optimization with Airbnb Historical Data

Post author By Ramon Meris
Post date May 3, 2023

Airbnb Price Optimization

Key Takeaways

By analyzing your Airbnb average daily rate and occupancy rate, you can calculate your RevPAR and use it to make informed pricing decisions. Utilizing short-term rental analytics with granular data and understanding market demand can help you adjust your prices in real-time and stay competitive in your area.

Introduction

Are you an Airbnb host who is not satisfied with your rental income and think you can earn more? Or just new to Airbnb and want to know how to measure the financial performance of your property? Then understanding the occupancy rate and the daily rate is key to achieving your revenue goals.

To start off, the daily rate is simply the amount you charge per night. On the hand, occupancy rate refers to the percentage of time your property is booked. If your Airbnb occupancy rate is 50%, it means that your property is booked for half the year.

In this blog, we will explore the relationship between occupancy rate and daily rate, as well as share tips and strategies for Airbnb hosts having difficulty with their pricing to improve their Airbnb rental income.

What is RevPAR in Airbnb?

RevPAR, or revenue per available room, provides an overall picture of how well your rental property is performing financially. Calculated by multiplying the Airbnb occupancy rate by the daily rate, RevPAR is a critical metric for Airbnb hosts to monitor.

The relationship between the occupancy rate and the daily rate is crucial for maximizing RevPAR. There’s actually an inverse relationship between the two. If your occupancy rate is high but your daily rate is low, you may be leaving money on the table. On the other hand, if your Airbnb nightly rate is high but your occupancy rate is low, you may struggle to attract enough bookings to generate substantial revenue.

What does booking lead time mean on Airbnb?

Booking lead time refers to the number of days between when a guest makes a booking and the actual check-in date. It is another important factor that Airbnb hosts need to check when optimizing occupancy rate and daily rate. The ideal booking lead time for Airbnb hosts can vary depending on several factors, such as the location, the time of year, and the type of accommodation being offered. In other words, it mainly depends on the market.

A longer lead time means that guests are booking further in advance. This can provide more stability in your bookings and revenue. Guests tend to book further in advance for high-demand times of the year, such as holidays or popular local events. This means that if you have a longer lead time, you may be able to charge higher rates for these peak periods and secure more bookings in advance.

In contrast, a shorter lead time means that guests are booking closer to their travel dates, which can be both positive and negative for your revenue. On one hand, shorter booking lead times can lead to higher nightly rates, as guests are willing to pay a premium for last-minute availability. On the other hand, shorter lead times can also mean that your property is not consistently booked, which can result in periods of low occupancy and decreased revenue.

How Do You Maximize Revenue with Airbnb Historical Data

To optimize RevPAR, Airbnb hosts need to find the sweet spot where the occupancy rate and daily rate are balanced. This requires a deep understanding of your property’s unique market, as well as ongoing monitoring and adjustment of your pricing strategy. By analyzing booking data and market trends, you can adjust your daily rate to attract more guests during low occupancy periods, and raise your prices during high demand periods. For instance, if you’re targetting a specific USA market, then it’s important to analyze the YoY occupancy change in top US cities.

Let’s take Coachella in California as an example. Airbnb hosts charge an average of $687 per night and earn an average annual revenue of $42,929 with a 20% occupancy rate. But more than the said metrics above, you can see data on the granular level. From the graph below, we can see that this week in September 2022 was a very lean time with only 6% occupancy rate.

Interestingly, bookings were made more than 2 weeks in advance. How did hosts cope with the very low occupancy rate? Of course, by setting a competitive nightly rate! But here’s the next question, how much can you lower your nightly rate? You can answer this by checking the market.

You can see that there were still rooms charged from $710 per night. Remember that bookings were made more than two weeks prior. This gives Airbnb guests more than enough time to look for the cheapest available rooms. With the help of granular data, you can see that other Airbnb hosts were willing to go down to $234 – which had a very high chance of getting booked compared to the rooms with more than three times its price.

Then let’s see how much Airbnb hosts in Coachella can earn during peak season. Every April for two weeks, the Coachella Valley Music and Arts Festival happens. Then let’s see the booking pattern of Airbnb guests at the height of this event.

Based on the graphs above, we can see that music lovers were looking forward to this event. On average, guests booked around 50 days in advance. It’s also interesting to see that some guests booked more than 2 months before the event. The last-minute bookings were 32 days in advance and not really last-minute at all – it’s still more than a month. This allowed Airbnb hosts to charge a much higher nightly rate, averaging $842. This is $155 more than the average nightly rate all year round.

Conclusion

Optimizing your Airbnb pricing using RevPAR can be an effective strategy to increase your profits as a host. By analyzing your Airbnb average daily rate and occupancy rate, you can calculate your RevPAR and use it to make informed pricing decisions. Utilizing short-term rental analytics and understanding market demand can help you adjust your prices in real-time and stay competitive in your area.

Remember that pricing is just one aspect of running a successful Airbnb business. Providing exceptional hospitality, maintaining a clean and comfortable space, and responding promptly to guests’ needs are all crucial factors that contribute to a positive guest experience and ultimately, your success as a host. By incorporating RevPAR analysis into your overall hosting strategy, you can make data-driven decisions that will help you maximize your earnings while delivering an exceptional guest experience.

Wanna know if you’re leaving money on the table? Then check out this comprehensive and accessible Airbnb Profit Calculator!

Dive Deep into the Daily, Weekly, & Monthly Numbers
With Airbtic’s Granular Data!

Tags Hosting Tips

All About Airbnb Hosting Tips

Should I Hire a Rental Property Manager?

Post author By Ramon Meris
Post date March 28, 2023

should i hire a rental property manager

Key Takeaways:

A landlord is a person owning and renting a property to tenants. However, handling the daily needs of an investment property can be outsourced to a property manager.
Oftentimes, a landlord can directly manage the day-to-day operations of a rental property. However, having multiple properties in distant locations can be stressful. If the landlord can no longer oversee his Airbnb properties, then hiring a property manager can become handy.

Introduction

“Property Manager” is a big word often mentioned in the discussion on short-term rentals. And if you own an Airbnb, chances are you will present yourself as such. While there is really nothing wrong with it, let’s still discuss what a property manager is and how it differs from a landlord. And once we have learned the key differences between these two, let’s try to answer the question: Should you hire a property manager?

Does property manager mean landlord?

A landlord is a person owning and renting a property to tenants. However, handling the daily needs of an investment property can be outsourced to a property manager. While a property manager can just be a single person, it can also be a corporate entity like a rental property management company. The key difference between a landlord and a property manager is the ownership of the rental property.

When should you hire a property manager?

Oftentimes, a landlord can directly manage the day-to-day operations of a rental property. However, things can get stressful down the line. Here are the signs that you should hire a property manager:

1. Multiple Airbnb properties – If you continue to expand your property portfolio, managing them all at once can be overwhelming and time-consuming. This is especially the case if you have a full-time job or other commitments.

2. Distance from your Airbnb – Even if you have one Airbnb property, it will also be difficult to look after it if it’s too far away from your place. Distance can really interfere with resolving potential issues such as emergency repairs and tenant complaints.

3. Being unsociable – You can also hire a property manager if you do not have a sociable personality in dealing with guests. Understandably, checking in and out with guests can already be a lot of work for some. Work can also extend to answering inquiries regarding your Airbnb listings – and calls can come in the dead of the night. A property manager is a professional who can also better handle this side of the business.

What does a property manager actually do?

Overseeing the daily operations of a rental property is not an easy task. Here are some parts of the job description of the property manager:

1. Keeping Airbnb properties well-maintained – Airbnb investors may neglect a few of their real estate investments if they have too much on their plates – or they just have a lot of rental properties. In any case, Airbnb investors will eventually have a hard time dealing with the maintenance of all their properties.

A property manager regularly inspects the overall condition of the entire property. This ranges from having it cleaned daily to fixing busted pipes and faulty wiring. Thanks to his contacts of reliable professionals, investors can rest assured that their property will remain in perfect shape.

2. Ensuring that local Airbnb laws and regulations are being followed – It is not easy for anyone to stay informed of multiple local Airbnb laws and regulations. It gets more difficult to make sure that your operations strictly follow them. Take noise ordinances in certain cities as an example. What happens if a neighbor reports noise complaints on your out-of-state property?

A property manager can keep investors informed of the ever-changing short-term rental ordinances. It is also their responsibility that Airbnb properties are in compliance with these regulations. This can save the investors a few troubles by preventing legal steps from being taken against their Airbnb operations.

3. Promoting Airbnb properties – Airbnb investors can rely on property managers for the promotion of their properties. They no longer have to worry about taking excellent pictures and writing gripping listings. Property managers are well-versed in using listing websites such as Airbnb, VRBO, and Booking.com to advertise Airbnb rental units. Some of them even have their own websites and social media that have their own reach. This ensures to keep that Airbnb properties under their care are booked in as many nights as possible.

Of course, the marketing strategy will depend on a number of factors such as the type of property, the target audience, and the budget available for marketing. Effective marketing can help attract quality tenants and keep a property occupied, which is essential for maintaining profitability.

4. Communicating with guests – A property manager usually communicates with guests who are interested in renting a property. It is typical for property managers to use online booking platforms to communicate with guests. But all channels of communication can be available!

Property managers may provide their own phone numbers in the listings for guests to call to inquire about the property, ask questions, or make reservations. Email can also be a convenient and efficient way to provide guests with listing information such as availability and rental rates.

In some cases, property managers may communicate with guests upon arrival at the Airbnb property. This can be an opportunity to provide guests with a tour, answer any questions they may have, and ensure that they have everything they need for their stay. Effective communication with guests is important for ensuring a positive experience and can help to build a good reputation for the investor’s rental property.

What are the cons of hiring a property manager?

A property manager can indeed offer a lot of help to Airbnb investors. However, there are possible trade-offs that you need to consider:

1. Quality of service – There are a lot of really great property managers, but not all of them are cut from the same cloth. Investors should be aware that there are also a lot of property managers who provide a very low quality of service.

2. Communication issues – Poor communication between Airbnb investors and property managers can happen. In fact, it is often the complaint of investors. This leads to arguments and frustration. However, investors can still be proactive in keeping the lines of communication open and effective.

3. Lack of control – Airbnb investors may feel like surrendering control of their rental properties by hiring a property manager. While managers act in the best interest of the investors, differences in opinion about how the units should be managed may inevitably arise.

4. Liability – In connection with the previous item, Airbnb investors may still be liable for the property. Investors are still burdened should there be any legal disputes or accidents occurring on the property even if they have a property manager. As this is the case, investors should make sure that their manager carries adequate assurance and take steps to protect themselves from potential legal liabilities.

How much does it cost to hire a property manager?

Following a commission model, a vacation rental property manager usually charges around 20% to 30% of the rental revenue of the managed property. The final price will mainly depend on the size and location of the property. A number of items can be included in the rental property management contract. These include the booking, property & guest amenities, and emergency repairs.

Is it worth it to hire a property manager?

You need to consider the number and distance of your Airbnb properties. Since the hours of the day are only limited, managing multiple short-term rentals can be burdensome to a single person, especially if you’re considering investing in other markets, such as the ones regarded as real estate trends this 2023. Let’s all admit: having Airbnb operations still takes work for them to be profitable. Will you still be able to manage them? If not, it is perfectly fine to hire a professional who will do the job for you.

Hiring a property manager can also diversify the locations of your Airbnb properties. Should you plan to purchase an enticing investment property a hundred miles from your residential place, distance will never hinder a potentially high profit. You can count on a property manager whose job is to make it a reality.

Whether you do it yourself or hire a property manager, this Free Airbnb Profit Calculator is an irreplaceable companion!

Tags Hosting Tips

All About Airbnb Hosting Tips

Airbnb Smoking Fee: How to Claim from Airbnb?

Post author By Robyn Peña
Post date February 21, 2023

Airbnb Smoking Fee

Key Takeaways

Airbnb’s host damage protection covers every host’s claim for any damages, cleaning costs, or income lost. Particularly when guests damage certain belongings or leave a permanent stain. However, this excludes loss due to natural disasters, injury, and wear & tear items among others.
Learn how you can claim a smoking fee issue, Airbnb’s reimbursement process, and a free text template sample that you can use to send to Airbnb. We also threw out expert tips on how to avoid smoking issues in your listing.

Introduction

Getting rid of smoke odor can be a difficult task for hosts, especially if you have upcoming guests right after the stubborn guests checked out. The majority of hosts who have experienced the same issues have trouble claiming and understanding Airbnb’s process.

So how can Airbnb hosts claim smoking fees? How does Airbnb’s reimbursement process work and what are the requirements that you can provide?

This article will guide you through. If you have a strict no-smoking policy in your listing but still encounter such issues, then you’ve come to the right article.

We’ll feature Airbnb’s host damage protection and its exclusions, requirements to claim smoking fees, and more. Bonus: We also added a FREE text template sample that all Airbnb hosts can use. Continue reading and be knowledgeable about this process!

Requirements to Claim Smoking Fees on Airbnb:

While Airbnb does not specifically have any “smoking fees”, they can reimburse for cleaning costs. Before filing a complaint, your house rules must insist that smoking is prohibited.

It’s also important to notify Airbnb right away during the guest’s stay as much as possible. If you asked the guests to stop smoking and they insist anyway, then Airbnb will allow charges.

Here are some of the requirements that you’ll need to claim the Airbnb smoking fee:

Photos of cigarette packs, ashtrays, stains, or burns on surfaces
Video footage from security cameras (if applicable) showing guests smoking in or outside of your property
Receipt for professional cleaning service
Warning messages from smoke detectors (if applicable)

Note: Airbnb allows hosts to make a claim within 14 days of the guest’s checkout date. The earlier you report, the better! Airbnb smoking fines can vary from $100 – $500, depending on the damages.

What does Airbnb Cleaning Fee Cover?

According to Airbnb Host Damage Protection, the following covers the host’s claims:

Damage to your property, furnishings, valuables, or belongings caused by guests
Damage to parked cars, boats, or other vehicles caused by guests
Unexpected or extra cleaning costs are necessary due to the behavior of a guest during an Airbnb stay. This includes professional carpet cleaning.
Income loss if you need to cancel confirmed Airbnb bookings due to damage caused by a guest.

On a side note, some of the exclusions of Airbnb cleaning fee includes wear and tear items, loss due to natural disasters, and injury or property damage to guests as seen on Airbnb Host Liability Insurance. There are also certain exclusions that are on a case-to-case basis, so it’s always best to reach out to Airbnb support with sufficient documentation.

How to Claim Smoking Fees: Reimbursement Process of Airbnb

Whether the guests who violated your no-smoking policy on Airbnb are still on your property or have already checked out, here’s what you can do. All the evidence that you have which shows any proof of damage, photos, and video footage, should be submitted within 30 days.

Request for money on the Resolution Center and file an AirCover for Hosts (within 14 days of the responsible guest’s checkout).
After you submit your AirCover for Hosts request, your guest will have 24 hours to pay. If they decline to pay the full amount or don’t respond, you’ll be able to involve Airbnb Support.

FREE Airbnb Text Template Sample: Claiming Smoking Fees

Here’s a text template that you can use to report guests and request for cleaning costs to be covered:

“Hi there!
.
I would like to report the following guest (name/s) who checked in on (date and time) and checked out on (date and time).
.
These guests have clearly violated my house rules against smoking. I gave them a warning, had a couple of “no smoking signs” on my property, and a strict policy against smoking – but they refused to cooperate.
.
For this reason, I had to hire a professional cleaning service for intensive cleaning on my property as it’s difficult to remove the odor from (damaged furniture, linens, curtains, or soft furniture).
.
Please see the following receipt(s), photos, and video footage which serve as evidence of this claim. I look forward to your immediate help and assistance in this matter.
.
Kind regards,
.
(Your name)”

Expert Tips: How to Prevent Smoking Fee Issues

Airbnb hosts who tried to claim extra cleaning fees (due to smoking guests) from Airbnb and failed to do so depend on a case-to-case basis. Therefore, to prevent smoking fee issues, here are some expert tips that you can follow:

1. Set out strict house rules against smokers

Let’s face it – there are still stubborn guests out there who violate rules despite clearly indicating them on your listing. You can set a couple of stickers or signs stating “no smoking allowed” on your property. Once your guests have confirmed their booking, you can also send a sample message as a reminder to Airbnb no smoking policy:

“Thank you for taking interest in our humble abode, (guest’s name)!
.
Just wanted to confirm the dates of your stay – (number of people) on (date). Please don’t hesitate to reach out if you have any questions. I’d also like to remind you that our home is a non-smoking property and we look forward to your cooperation.
.
Looking forward to welcoming you!
.
(Host’s name)”

2. Install an outdoor security camera

While other hosts prefer not to install an outdoor security camera, it’s highly recommended. Not only for catching guests who violate certain house rules but also for utmost safety. There are several options for outdoor security cameras that you can take advantage of.

3. Utilize smoke sensors/detectors

Smoke sensors are not only beneficial for Airbnb properties but all properties in general. Aside from fire safety, cigarette smoke detector for Airbnb are important to use for hosts as they can warn you beforehand. The major perk is that you can report violators to Airbnb right away. Once installed, you can also add a “carbon monoxide detector” feature to your Airbnb listing.

Takeaway

Airbnb supports all hosts and has set certain standards for claiming reports such as additional pet cleaning costs, or in this case, smoking fees.

In summary, if you’re wondering, “Does Airbnb refund cleaning fees”? The answer depends on the situation, but they usually refund it with sufficient documentation.

While it can certainly become a hassle for most hosts, you can follow our expert tips for prevention and avoid it from happening again. If you’re wondering whether your competitors within the area have a smoking policy, you can manually search through them on Airbnb, or use an Airbnb analytics tool like Airbtics.

This tool will not only help you determine that – but also leverage your game in the industry by looking at emerging markets. It is also built to determine your profitability using an Airbnb income calculator and make the best investment decisions moving forward!

Tags Hosting Tips

All About Airbnb Hosting Tips

Airbnb Channel Manager: Benefits, Pricing, and Options!

Post author By Robyn Peña
Post date January 24, 2023

Running an Airbnb is a tedious task and it requires a lot of effort and time. Especially if you are handling multiple listings all at the same time. It could be difficult to multi-task and double bookings can happen.

Fortunately, Airbnb channel managers are available to help you with this problem!

Are you struggling with managing your listings across multiple channels? Do you feel anxious about making a mistake?

In this article, you’ll learn about the perks of using an Airbnb channel manager. We also provided options for channel management tools available in the market. Continue reading to learn more!

Top 5 Reasons Why You Should Use An Airbnb Channel Manager

An Airbnb channel manager is a software solution that promotes your listings on multiple channels. Here are the top 5 reasons why Airbnb hosts use channel management tools:

1. Easy Management

It can be tiring to manage each booking and check reservations for each listing. Using an Airbnb channel manager, you can efficiently manage bookings in one place. The best part is that you can easily change the pricing in all booking providers in one click!

2. Excellent Time Saver

Airbnb channel management tools will save most of the time that you can spend on other tasks. You no longer have to manually check on details and feel overwhelmed with multiple reservations.

3. No Double Bookings

Here’s the catch: you no longer have to constantly update your calendar’s availability. Airbnb channel manager does the heavy lifting for you! This means that you can instantly view your availability on all channels as they are consistently being updated.

4. Higher Occupancy Rates

Who wouldn’t want to get more bookings? Using an Airbnb channel manager, your properties can get listed on multiple channels. You can boost your occupancy and make more money!

5. Instant Replies to Guests

If you take a longer time to respond to guests’ inquiries, you might get lesser bookings. This is one of the major perks of using an Airbnb channel manager! It helps you automate your responses, increase your bookings, and have more positive reviews.

Top 5 Airbnb Channel Managers

Check out the 5 Airbnb channel managers ranked according to their pricing. Let’s visualize that you are currently handling 5 listings. Here’s what you can expect on the budget:

Here are some of the best Airbnb channel manager available in the market:

1. Host Tools

Host Tools is a channel management software that assists property managers with messaging and price setting. Some of its primary features are booking management, automated reminders, and predefined templates.

Has a FREE 14-day trial
Host Tools’ Pricing for managing 5 listings: $60 per month
Pros & Cons of Host Tools (based on Capterra reviews)

2. Uplisting

Uplisting is a cloud-based hotel management solution that assists vacation rental businesses. Some of its primary features are booking management, payments, and housekeeping among others.

Has a FREE 14-day trial
Uplisting Pricing: for managing 5 listings: $100 per month. According to Uplisting’s website, this pricing excludes 20% VAT if you are based in the UK.
Pros & Cons of Uplisting (based on Capterra reviews)

3. Hostaway

Hostaway is a channel management system that helps with automating and streamlining across multiple channels. Some of Hostaway’s primary features are property management, channel manager, marketing, and automation tools among others.

No free trials offered and it can be more expensive than other management tools.
HostAway Pricing: Approximate Price for Managing 5 listings: $250 per month
Hostaway’s pricing is not declared in detail on its website. The pricing will vary depending on your property’s requirements and portfolio. However, it was stated in a review from Software Pundit that the cost ranges from around $50 per property per month.
You can request a pricing quote on Hostaway via this link.
Pros & Cons of Hostaway (based on Capterra reviews)

4. iGMS

iGMS is one of the popular vacation rental management software tools with advanced automation tools. Some of its major features include direct booking management, payment processing, and guest communication productivity tracking.

Has a FREE 14-day trial
Host Tools’ Pricing: Price for Managing 5 listings: $70 per month
Pros & Cons of iGMS (based on Capterra reviews)

5. Hospitable

Hospitable is essentially helpful for synchronizing calendars across platforms and has automated reminders about new tasks. Some of its primary features are team collaboration, a unified inbox, and direct booking websites among others.

Has a FREE 14-day trial
Hospitable Pricing for managing 5 listings: $64 per month
Pros & Cons of Hospitable (based on Capterra reviews)

Summary

When looking for an Airbnb channel manager, it’s best to decide based on your budget and preference. The primary advantage of using an Airbnb channel manager is to advertise on more channels and boost bookings!

You can also find other channel manager software Airbnb in the market including Guesty, Lodgify, Smoobu, and Owner Rez among others.

Other Airbnb channel managers also have dynamic pricing tools which help predict seasonality and revenue. If you’d like to make the best investment possible, you can also take advantage of a short-term rental analytics tool like Airbtics!

Tags Hosting Tips

All About Airbnb Hosting Tips

Airbnb Average Daily Rate: How Much Can I Make with Airbnb?

Post author By Robyn Peña
Post date January 10, 2023

Home > Resources > Hosting Tips >

Airbnb Average Daily Rate

In this article, you will learn how much you can earn and charge for your Airbnb ADR (average daily rate). Continue reading!

September 22, 2023

It’s a fact that short-term rentals have more potential of generating revenue compared to long-term rentals because you can price your daily rate higher. One of the most important Airbnb key metrics is the average daily rate (ADR) – which is the main focus of discussion in this article.

We will feature some of the most frequently asked questions about Average Daily Rates (ADR), how to set an effective pricing strategy, and share a comparative market analysis for making the wisest investment decisions.

Do you want to know your potential daily rate for your property? Continue reading to learn more!

FAQs: Airbnb Average Daily Rate (ADR Airbnb)

1. What is Airbnb Average Daily Rate?

Average Daily Rate (ADR) refers to the average revenue that a single booked room can generate per day in one property. If you have ever tried to book an Airbnb property for a family getaway or a staycation, this is one of the most considered factors. ADR can be calculated by dividing the total bookings revenue by the total number of nights booked.

For instance, if you charge $120 per night and have a solid 70% occupancy rate, then you can expect to earn $30,660 before expenses and other taxes.

$150 x 0.70 x 365 = $30,660

2. How Much Can an Average Airbnb Host Earn Daily?

In the USA, an Airbnb host can expect to earn an average daily rate of $236.95 based on Airbtics’ data. This may vary based on several factors such as the location, seasonality, and occupancy rate among others.

While Airbnb hosts’ daily rates vary according to their respective locations, there’s also a simpler and more accurate answer to this question! By using an Airbnb income calculator, you can easily determine your potential daily rate and even your annual revenue. Some of the several factors that affect an Airbnb host’s average daily rate includes:

Property Type (apartment/condo, entire home, private room, etc)
Number of Bedrooms
Pricing
Amenities

For a more concrete example, let’s take a look at the short-term rental markets in Miami, Florida. Known as one of the popular destinations in Florida, here is a precise market overview of Miami according to Airbtics.

3. I Want to Start an Airbnb Business. What is my Potential Daily Rate?

Your potential daily rate will depend on the property type and the number of bedrooms. However, the amenities you offer and your listing’s total number of reviews also contribute to your potential daily rate. It can also vary if you already have a superhost badge!

For instance, according to Airbtics, your potential average daily rate for running a 2-bedroom apartment/condo in London, UK is £2,196.

On the contrary, if you operate an entire house with 1 bedroom, you can expect an average daily rate of £2,203. Go ahead and discover areas with a high Airbnb occupancy rate in London.

Starting an Airbnb business can be as simple as renting out the extra space in your home. In order to identify your potential daily rate using an Airbnb income calculator from Airbtics, all you have to do is follow the 3 easy steps:

1. Input your Address

2. Use the filters: Bedrooms, Bathrooms, Property Type

3. Discover your potential daily rate!

In addition to this, if you want more precise data within your neighborhood, you can even create a custom market to target a specific area. The digital era makes it really as easy as 1,2,3!

4. Which City Has the Highest Airbnb Average Daily Rate?

Based on accurate data from Airbtics, here are the following cities with the highest Airbnb average daily rates:

Countries	Cities	Average Daily Rates
USA	Los Angeles	$482
United Kingdom	Harrogate	£263
Australia	Sydney	A$745
Spain	Madrid	€314
Canada	Vancouver	C$888

Having an overview and studying the Airbnb statistics of your preferred city will help you decide whether it’s a wise investment decision or not. Using Airbtics’ Discovery tool, it’s a lot easier to discover the Airbnb markets with the highest average daily rates and occupancy rates!

5. Pricing Strategy: How to Set Daily Prices on Airbnb?

You can set a pricing daily rate by studying and looking at your competitors’ prices within the area to make sure that you’re not pricing too high or too low. For instance, you can look at Airbnb’s website and enter your neighborhood to see how your competitors set their pricing. By comparing the amenities that you offer, accessibility to tourist destinations, and seasonality, you can set your pricing properly.

Setting your Airbnb pricing the right way will certainly help you to stay in the middle – not asking for too much, and definitely not receiving too little! Some of the factors to consider when setting your pricing are seasonality, demand and supply, and occupancy.

If you have lesser occupancy during the weekdays, it’s ideal to raise your prices to match the demand in your area. But if you have an open date between certain dates in a calendar, then you should consider lowering your Airbnb listing’s price.

No matter how beautiful your property is, if the price is a lot more expensive than nearby Airbnb listings, it’s more likely that guests will consider booking other properties instead.

Airbnb offers smart pricing, however, there are several reviews from hosts stating that the system keeps suggesting lowering their prices. This is why most of them use dynamic pricing tools for more accurate results!

⭐ Pro tip: Airbnb hosts who have mastered revenue management over the years commonly use the best Airbnb dynamic pricing tools available in the market in order to set pricing fairly.

Where to Find Airbnb Average Daily Rate (ADR)?

You can find a property’s Airbnb average daily rate by looking at some of the best short-term rental tools in the market. These short-term rental analytics tools like Airbtics are important to make more data-informed business decisions.

Not only will you be able to find Airbnb ADR data, but you will also get a complete picture of detailed revenue breakdown, individual booking, and pricing projections, and even discover emerging markets to attain more revenue.

If you are a beginner, it could be difficult to gauge which one is the most suitable software for your business needs. At the same time, you should also consider actual reviews of these STR tools in order to make the right decision.

For instance, AirDNA is commonly known in the industry for its features such as the Market Minder. Unfortunately, more and more people are looking for AirDNA alternatives because of the software’s inaccuracy.

To help you make the best decision, here is a comparison table of the leading short-term rental providers available in the market:

Top 5 Airbnb Cities in the USA: Airbnb Average Daily Rates

Based on Airbnb’s recent report about the best Airbnb cities in the USA, millions of people are currently enjoying the digital nomad lifestyle! Using Airbtics’ accurate market analysis for the last 12 months, we were able to confirm the following Airbnb statistics:

Average Daily Rate in the USA: $247.75
Average Occupancy Rates in the USA: 63%
Average Monthly Revenue in the USA: $4,607.95

The following top-ranking Airbnb cities in America are based on the 5 most popular destinations in 2022 as per Airbnb. For each city, you can easily discover that the average daily rates vary according to property types and sizes. Let’s find out more about the ADR in key cities in the US:

1. Los Angeles, California

Known for being the home of famous actors and artists, LA has surely exceeded the expectations of Airbnb hosts this year as it brought more guests. By looking at the best neighborhoods for Airbnb in LA, one can certainly learn how to generate a good cash flow in the city of Angels. Here are the average daily rates, occupancy rates, and median yearly revenue in Los Angeles, CA.

Airbnb Data in Los Angeles, California: 90001 – 90899

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	71%	$80	$20,504
Studio-type	93%	$118	$43,978
1-bedroom	91%	$139	$48,188
2-bedroom	84%	$222	$71,633
3-bedroom	74%	$384	$101,583
4-bedroom	62%	$482	$131,204

Based on Airbtics, the highest average daily rate in Los Angeles is $482 for a 4-bedroom property. On the other hand, the highest average occupancy rate in LA is 93% for studio-type properties.

2. New York, New York

It’s no surprise that Airbnb always has NYC on its list of top destinations year after year, after all – it’s the city that never sleeps! There are several best areas for Airbnb in NYC and the average daily rates vary accordingly.

Airbnb Statistics in New York: 10001

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	78%	$82	$22,573
Studio-type	89%	$140	$48,357
1-bedroom	89%	$152	$52,204
2-bedroom	87%	$187	$63,828
3-bedroom	82%	$216	$68,148
4-bedroom	88%	$429	$131,704

According to Airbtics, the highest average daily rate in New York is $429 for a 4-bedroom property. On the other hand, the highest average occupancy rate in NY is 89% for both studio-type and 1-bedroom properties.

3. San Francisco, California

San Francisco is one of the best areas for Airbnb in California for plenty of reasons. Known as the Golden Gate City, this place can truly attract various tourists from across the globe for its wonders.

Airbnb Data in San Francisco, California: 94101 – 94199

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	67%	$80	$17,776
Studio-type	67%	$127	$31,539
1-bedroom	77%	$134	$38,831
2-bedroom	71%	$204	$54,550
3-bedroom	67%	$294	$72,818
4-bedroom	62%	$458	$104,444

Airbtics states that the highest average daily rate in San Francisco is $458 for a 4-bedroom property. On the other hand, the highest average occupancy rate in San Francisco is 77% for 1-bedroom properties.

4. Houston, Texas

This unique city with lush reserve parks is known for its warm weather and low cost of living. No wonder why it’s one of the most visited Airbnb cities this year! Let’s take a look at the average daily rates in Houston:

Airbnb Property Data in Houston, Texas: 77002 – 77057

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	50%	$84	$18,560
1-bedroom	55%	$92	$21,565
2-bedroom	46%	$132	$26,543
3-bedroom	41%	$221	$37,050
4-bedroom	39%	$296	$45,532
5+ bedrooms	47%	$474	$84,818

Based on Airbtics, the highest average daily rate in Houston, Texas is $474 for a 5+bedroom property. On the other hand, the highest average occupancy rate in Houston is 55% for 1-bedroom properties.

5. Seattle, Washington

Last but not least, the coffee capital! Seattle caters to various music scenes, the tech industry, and marine life attractions, and offers plenty of stunning parks. Check out the following Airbnb average daily rates in Seattle:

Airbnb Market Data in Seattle: 98101 – 98199

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	88%	$116	$40,894
1-bedroom	87%	$125	$43,493
2-bedroom	82%	$178	$59,071
3-bedroom	72%	$257	$75,234
4-bedroom	69%	$332	$90,026
5+ bedrooms	65%	$454	$114,191

According to Airbtics, the highest average daily rate in Seattle, Washington is $454 for a 5+bedroom property. On the other hand, the highest average occupancy rate in Seattle is 88% for studio-type bedroom properties.

5 Highest Airbnb Cities in Canada: Airbnb Average Daily Rates

It’s no secret – Airbnb revealed that this year has made an enormous economic impact in Canada! According to Airbnb’s recent report of Canada, a typical host has earned approximately $10,300 in comparison to last year and $7,700 during the recent summer time. Talk about whopping cash overload!

As an essential process for data accuracy, we were able to confirm the following Airbnb statistics with Airbtics:

Average Daily Rate in Canada: C$184.90
Average Occupancy Rates in Canada: 53%
Average Monthly Revenue in Canada: C$3,022

Canada’s top-ranking Airbnb cities featured below are based on the 5 most popular destinations in 2022 as per Airbnb. It was observed that the average daily rates in Canadian cities vary according to their respective property types and sizes:

1. Whistler, British Columbia

It’s no doubt that this city is popular for its skiing and snowboarding activities, but there’s so much more to discover! Known as Canada’s most famous ski resort, Whistler attracts plenty of tourists and property investors from across the globe. One of the primary Airbnb rules in Whistler is to have a business license while considering the property’s zoning areas.

Airbnb Data in Whistler, British Columbia

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	17%	C$230	C$14,232
Studio-type	13%	C$198	C$9,617
1-bedroom	63%	C$232	C$60,218
2-bedroom	63%	C$362	C$95,486
3-bedroom	59%	C$543	C$133,193
4-bedroom	56%	C$888	C$210,567

Based on Airbtics, the highest average daily rate in Whistler, BC is C$888 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Whistler is 63% for both 1 and 2-bedroom properties.

Related article: Properties for Sale in Whistler, BC

2. Vancouver, British Columbia

Vancouver’s natural sceneries and rainy climate make it perfect for those who want to enjoy fun outdoor activities while earning a passive income through Airbnb! Check out the following Airbnb average daily rates in Vancouver according to their bedroom types:

Airbnb Statistics in Vancouver, British Columbia

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	81%	C$93	C$27,814
Studio-type	93%	C$116	C$44,307
1-bedroom	91%	C$160	C$58,301
2-bedroom	88%	C$211	C$72,551
3-bedroom	81%	C$325	C$105,560
4-bedroom	78%	C$569	C$141,146

According to Airbtics, the highest average daily rate in Vancouver is C$569 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Vancouver is 93% for studio-type bedroom properties.

3. Mont-Tremblant, Quebec

Situated within the heart of the Laurentian Mountains, Mont-Tremblant is definitely a favorite ski spot for the majority of tourists. Here’s an accurate overview of Airbnb statistics in Mont-Tremblant:

Airbnb Market Data in Mont-Tremblant

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	35%	C$122	C$17,023
Studio-type	57%	C$132	C$29,173
1-bedroom	60%	C$160	C$38,883
2-bedroom	58%	C$243	C$57,322
3-bedroom	57%	C$318	C$72,833
4-bedroom	51%	C$450	C$95,162

Airbtics’ data shows that the highest average daily rate in Mont-Tremblant is C$450 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Mont-Tremblant is 60% for 1-bedroom properties.

4. Toronto, Ontario

If you want to invest in a Canadian city that’s known for its quality universities and world-renowned sports teams, then Toronto might be the best place to do so. Discover accurate results of Airbnb statistics in Toronto below:

Airbnb Data in Toronto, Ontario

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	72%	C$75	C$18,115
Studio-type	88%	C$113	C$36,329
1-bedroom	86%	C$140	C$43,690
2-bedroom	74%	C$194	C$52,542
3-bedroom	71%	C$273	C$72,095
4-bedroom	63%	C$342	C$87,108

Based on Airbtics, the highest average daily rate in Toronto, Ontario is $342 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Toronto is 88% for studio-type bedroom properties.

5. Kitchener, Ontario

Looking to invest in a vibrant city that’s only a couple of minutes’ drive from Toronto? Then Kitchener is the answer. While you can also experience fun skiing in this city, Kitchener also offers an array of parks and museums. Check out the Airbnb data in Kitchener:

Airbnb Statistics in Kitchener, Ontario

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	85%	C$60	C$22,235
Studio-type	88%	C$88	C$31,354
1-bedroom	88%	C$98	C$33,246
2-bedroom	81%	C$140	C$43,496
3-bedroom	74%	C$193	C$55,369
4-bedroom	67%	C$289	C$82,471

Airbtics data shows that the highest average daily rate in Kitchener, Ontario is $289 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Kitchener is 88% for both studio-type and 1-bedroom properties.

Best 5 Airbnb Cities in Australia: Airbnb Average Daily Rates

Australia is one of the many countries with increased inflation worldwide. Because of this, more and more hosts are determined to try the platform and earn extra money. Since the rental market statistics in Australia vary according to property types, location, and other factors, it’s important to conduct market research.

Based on a recent report from Airbnb news Australia, there are several host award winners for categories in 2022 to recognize their hard work! To name a few, this includes:

Best Unique Stay 🏠
Best Designed Stay 🎍
Most Magical Experience ✨
Best New Host Award 🏆

Fun fact: Did you know that new hosts in Australia earned over A$2.5 billion in 2021 alone? That’s an upward increase of 30% from 2019! Here is an accurate overview of Airbnb statistics in Australia as of January 2023 based on Airbtics:

Average Daily Rate in Australia: A$198
Average Occupancy Rates in Australia: 53%
Average Monthly Revenue in Australia: A$3,464.27

The following cities in Australia were filtered according to the top destinations in 2022 and travel trends in 2023 from Airbnb. Check out the best cities for Airbnb in Australia along with their average daily rates, occupancy rates, and yearly revenue:

1. Sydney, New South Wales

Home to the iconic Opera House, Sydney is certainly a favorite tourist destination for all kinds of travelers. Luxury Travel Adviser recognizes Sydney as the most beautiful and exciting city in the world – perfect for operating an Airbnb business.

Airbnb Data in Sydney, NSW

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	88%	A$152	A$51,564
1-bedroom	84%	A$178	A$57,103
2-bedroom	79%	A$289	A$86,092
3-bedroom	72%	A$410	A$122,528
4-bedroom	82%	A$634	A$184,682
5-bedroom	88%	A$745	A$262,005

Based on Airbtics, the highest average daily rate in Sydney, NSW is A$745 for a 5+bedroom property. On the other hand, the highest average occupancy rate in Sydney is 88% for both studio-type and 5-bedroom properties.

Related articles: Airbnb rules in Sydney, Rental Arbitrage in Sydney

2. Melbourne, Victoria

Setting aside the fact that Melbourne is one of the most liveable cities on earth, this city offers tons of exciting experiences. This includes art centers, museums, exquisite nightlife, and architecture among others.

Airbnb Data in Melbourne, VIC

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	80%	A$117	A$34,819
1-bedroom	82%	A$144	A$44,737
2-bedroom	79%	A$204	A$64,298
3-bedroom	72%	A$331	A$90,956
4-bedroom	70%	A$360	A$100,113
5+bedroom	55%	A$420	A$103,001

Based on Airbtics, the highest average daily rate in Melbourne, VIC is A$420 for a 5+bedroom property. On the other hand, the highest average occupancy rate in Melbourne is 82% for 1-bedroom properties.

Related articles: Airbnb rules in Melbourne, Rental Arbitrage in Melbourne

3. Brisbane, Queensland

Home to the world-renowned Australia Zoo, Brisbane is known for being a nature-oriented city with plenty of exciting outdoor activities. Because it offers year-round sunshine, it’s mostly preferred by various kinds of tourists and professionals alike!

Airbnb Data in Melbourne, VIC

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	54%	A$87	A$17,562
Studio-type	85%	A$117	A$38,820
1-bedroom	87%	A$136	A$44,622
2-bedroom	83%	A$200	A$63,498
3-bedroom	87%	A$289	A$95,438
4-bedroom	82%	A$357	A$111,701

Based on Airbtics, the highest average daily rate in Brisbane, QLD is A$357 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Brisbane is 87% for both 1 and 3-bedroom properties.

Related articles: Airbnb rules in Brisbane, Rental Arbitrage in Brisbane

4. Perth, Western Australia

If you’re looking to invest in a city that’s away from the cold winter and freezing temperature, Perth is definitely the place for you! Known as the sunniest capital in WA, Perth offers beaches with fine white sand and crystal clear water, botanical gardens, art galleries, and many more. Let’s take a look at the Airbnb data in Perth and evaluate the numbers:

Airbnb Data in Perth, WA

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	83%	A$112	A$35,912
1-bedroom	88%	A$120	A$41,926
2-bedroom	88%	A$164	A$57,988
3-bedroom	87%	A$204	A$71,792
4-bedroom	83%	A$251	A$82,204
5+bedroom	77%	A$420	A$118,482

Based on Airbtics, the highest average daily rate in Perth, WA is A$420 for a 5+bedroom property. On the other hand, the highest average occupancy rate in Perth is 88% for both 1 and 2-bedroom properties.

5. Hobart, Tasmania

Popular for South Australia’s surf coastal areas, natural wildlife, and national parks, Hobart isn’t just another tourist destination. If you want to earn passive income through Airbnb while exploring museums, grabbing exquisite street eats, and exploring the ‘not-so-secret’ waterfalls – then Hobart is the place to go.

Airbnb Data in Hobart, TAS

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	67%	A$117	A$28,214
Studio-type	92%	A$148	A$48,644
1-bedroom	85%	A$181	A$57,584
2-bedroom	82%	A$246	A$77,426
3-bedroom	82%	A$302	A$97,615
4-bedroom	78%	A$438	A$126,138

Based on Airbtics, the highest average daily rate in Hobart, TAS is A$888 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Hobart is 92% for studio-type properties.

Top-Ranking 5 Airbnb Cities in the United Kingdom: Airbnb Average Daily Rates

Operating holiday lets are primarily popular in the UK, particularly for Airbnb hosts who want to achieve financial freedom. In fact, Airbnb’s new data report shows that Airbnb Hosts based in the UK have profited over £1.5 billion in 2021, which is equivalent to 2 months’ worth of pay for the median UK household!

This simply means that you can successfully operate an Airbnb business with enough capital, market research, checking the real estate trends in the UK and of course – using the best STR software tool to achieve maximum profitability.

The following 5 UK cities featured in this article are based on Airbnb’s winter highlights data. For accuracy, we went ahead and used Airbtics’ accurate market analysis for the last 12 months and were able to confirm the following Airbnb statistics in the UK:

Average Daily Rate in the UK: £172.58
Average Occupancy Rates in the UK: 55%
Average Monthly Revenue in the UK: £2,981.73

1. Derbyshire, England

Derbyshire is admittedly one of the best places to visit in England. If you’re looking to invest in a place in the UK that’s close to nature, this city is highly recommended! Some of the most popular tourist destinations in Derbyshire are Peak District National Park, Buxton, Chatsworth House, and Gulliver’s Kingdom.

Airbnb Data in Derbyshire, England

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	58%	£72	£11,616
Studio-type	58%	£84	£17,140
1-bedroom	74%	£92	£24,013
2-bedroom	72%	£116	£29,922
3-bedroom	67%	£149	£36,722
4-bedroom	62%	£245	£53,087

Based on Airbtics, the highest average daily rate in Derbyshire, England is £245 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Derbyshire is 74% for 1-bedroom properties.

2. Fort Augustus, Scotland

Fort Augustus is a well-known destination located on the southernmost tip of Loch Ness. It’s no surprise that Airbnb ranked this village in Scotland for its wonders! Its calm waters are certainly perfect for joggers, cyclists, and even meditation enthusiasts.

Airbnb Statistics in Fort Augustus, Scotland

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	71%	£78	£18,845
Studio-type	93%	£89	£30,437
1-bedroom	74%	£95	£24,713
2-bedroom	63%	£116	£24,894
3-bedroom	66%	£144	£33,166
4-bedroom	55%	£205	£34,550

According to Airbtics, the highest average daily rate in Fort Augustus, Scotland is £205 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Fort Augustus is 93% for studio-type properties.

3. Belfast, Northern Ireland

As the capital of Northern Ireland, let’s not forget Belfast in the list of favorite tourist destinations in the UK. One of the most visited attractions in Belfast is the Interactive museum and homage called Titanic Belfast, in memory of the ocean liner’s tragedy. Another legendary event that most tourists like to visit in Belfast is the filming of Game of Thrones in 2010-2011!

Airbnb Data in Belfast, Northern Ireland

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	78%	£49	£13,600
Studio-type	80%	£81	£22,350
1-bedroom	79%	£94	£24,684
2-bedroom	76%	£125	£33,547
3-bedroom	74%	£127	£36,621
4-bedroom	71%	£195	£54,435

Airbtics’ data reveals that the highest average daily rate in Belfast is £195 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Belfast is 80% for studio-type properties.

4. Harrogate, England

If you’re looking to invest in places with gorgeous classic Victorian and Georgian architecture in the UK, then look no further! Harrogate boasts its vast greeneries and flowery parks which attract more than 3 million annual visitors, according to Visit Harrogate. Let’s take a look at the Airbnb data in Harrogate and evaluate the numbers:

Airbnb Statistics in Harrogate, England

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	57%	£55	£11,814
Studio-type	80%	£57	£18,439
1-bedroom	68%	£108	£27,057
2-bedroom	85%	£164	£34,500
3-bedroom	62%	£170	£39,814
4-bedroom	70%	£263	£66,001

Based on Airbtics, the highest average daily rate in Harrogate, England is £263 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Harrogate is 80% for studio-type properties.

5. Birmingham, England

While this city in England has over 400 schools with plenty of tourist attractions at the same time, Birmingham is an ideal place to invest in. It’s commonly known to be the largest city in England after London and has the youngest population on the continent!

Airbnb Data in Birmingham

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Studio-type	59%	£91	£15,172
1-bedroom	65%	£96	£22,540
2-bedroom	60%	£137	£31,488
3-bedroom	57%	£162	£32,707
4-bedroom	55%	£210	£46,965
5+bedroom	41%	£246	£39,904

Based on Airbtics, the highest average daily rate in Birmingham is £246 for a 5-bedroom property. On the other hand, the highest average occupancy rate in Birmingham is 65% for 1-bedroom properties.

The 5 Leading Airbnb Cities in Spain: Airbnb Average Daily Rates

Airbnb became a boom in Spain over the past few years and the amount of hosts in the country is growing more and more as the cost of living continues going up. As a matter of fact, during the second trimester of 2022, the number of hosts on the Airbnb platform grew by more than 70%!

Based on Airbnb’s report, a typical host earns up to €4,100 per month, hence, it’s understandable that owning a listing here seems attractive. In addition to this, Spain ranked high in 2021 as one of the European countries with the highest percentage of long-stay reservations.

As an essential process for data accuracy, we were able to confirm the following Airbnb statistics with Airbtics:

Average Daily Rate in Spain: €162
Average Occupancy Rates in Spain: 47%
Average Monthly Revenue in Spain: €2,509

The annual revenue as well as average daily rates & occupancy rates in Spanish cities vary depending on the property type and its size. Find out more about this with the top-ranking Airbnb cities in Spain that we featured below:

1. Malaga, Spain

During the last decade, Malaga became a renowned city in Costa del Sol, not only because of its picturesque beaches but also for its vibrant cultural life. This city has a charming environment capable of catching Spanish tourists as well as international ones, thanks to this, it took first place among the top trending travel spots for 2023!

Airbnb Data in Malaga

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	77%	€40	€10,913
Studio-type	79%	€81	€24,013
1-bedroom	84%	€92	£27,057
2-bedroom	85%	€122	€37,669
3-bedroom	82%	€141	€41,579
4-bedroom	76%	€211	€55,351

Based on Airbtics, the highest average daily rate in Malaga is €211 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Malaga is 85% for 2-bedroom properties.

Related articles: Malaga Airbnb rules

2. Barcelona, Spain

Barcelona stands out as a top-level destination with unique leisure activities and an atmosphere capable of making anyone fall in love with this city. According to Airbnb’s report, this city became one of the favorite destinations for digital nomads. Not only that, because Investors will also find it interesting that Barcelona became a fully booked Airbnb city!

Airbnb Statistics in Barcelona

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	80%	€62	€16,892
Studio-type	91%	€125	€41,658
1-bedroom	89%	€135	€44,782
2-bedroom	88%	€171	€56,824
3-bedroom	85%	€214	€69,202
4-bedroom	81%	€282	€87,303

Based on Airbtics, the highest average daily rate in Barcelona is €282 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Barcelona is 91% for studio-type properties.

Related articles: Barcelona Airbnb Rules

3. Alicante, Spain

Alicante offers great views of the Mediterranean sea to visitors and allows them to enjoy the ocean breeze while taking a stroll through its charming streets or eating its exquisite food. Being a tourist destination par excellence, this city is one of the trending summer destinations in Spain, and national travelers certainly love it!

Airbnb Data in Alicante, Costa Blanca

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	58%	€32	€6,756
Studio-type	80%	€67	€21,046
1-bedroom	81%	€77	€23,679
2-bedroom	74%	€97	€27,098
3-bedroom	66%	€104	€27,036
4-bedroom	61%	€159	€35,609

Based on Airbtics, the highest average daily rate in Alicante is €159 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Alicante is 81% for 1-bedroom properties.

Related articles: Alicante Airbnb Rules

4. Madrid, Spain

Best known for its iconic museums, delicious gastronomy, and lively nightlife, Madrid stands out as a top tourist destination that welcomes with open arms to everyone. Thanks to this, the Spanish capital is a popular digital nomad city that occupies the top 15 in searches for international destinations according to Airbnb.

Airbnb Data in Madrid

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	58%	€50	€9,277
Studio-type	87%	€86	€26,386
1-bedroom	87%	€99	€31,192
2-bedroom	88%	€149	€44,688
3-bedroom	85%	€209	€61,255
4-bedroom	79%	€314	€84,493

Based on Airbtics, the highest average daily rate in Madrid is €314 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Madrid is 88% for 2-bedroom properties.

Related articles: Madrid Airbnb Rules

5. Seville, Spain

The eye-catching city of Sevilla is, undoubtedly, a place that leaves a special mark on the hearts and minds of visitors. There are a lot of things to see and do in this city that owns grandiose monuments such as the Alcázar and the Giralda. In fact, Seville welcomes around 2,5M tourists per year and is also a popular city among digital nomads.

Airbnb Statistics in Seville

Bedrooms	Average Occupancy Rates	Average Daily Rates	Median Yearly Revenue
Private Room	61%	€54	€11,593
Studio-type	76%	€90	€24,609
1-bedroom	76%	€98	€27,282
2-bedroom	74%	€133	€35,584
3-bedroom	72%	€168	€43,580
4-bedroom	67%	€250	€61,066

Based on Airbtics, the highest average daily rate in Seville is €250 for a 4-bedroom property. On the other hand, the highest average occupancy rate in Seville is 76% for both studio-type and 1-bedroom properties.

Related articles: Sevilla Airbnb Rules

Takeaway

Before diving in and spending your hard-earned money on property investment, it’s highly recommended to follow experts’ insights to avoid bankruptcy. Finding the best location that can generate the highest revenue according to your budget should not be based on wild guesses.

It’s proven in this article that no matter how many tourist arrivals or attractions a certain city is known for, the Airbnb revenue that a property can generate certainly differs accordingly. This is where a smart & reliable tool like Airbtics is truly needed! It’s bad enough to waste money and energy on a property that won’t meet your financial expectations, but what’s worse is not taking advantage of resources to avoid losses.

Here’s our final recommendation! Once you set your eyes on a particular city or neighborhood, it’s best to evaluate the accurate Airbnb performance of competitors in your preferred area and speak to real estate agents for planning. Then, run the numbers! Conducting market research using STR analytics tools like Airbtics will help you make a wise decision that you won’t regret – and even stand out among the rest.

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.

Annual Airbnb Revenue in Perth, wa, Australia

Arnav April 9, 2024

Perth, WA| Airbnb Market Data & Overview | Australia Perth, WA Airbnb Market Data & Overview Australia Is it profitable to do Airbnb in Perth, …

Annual Airbnb Revenue in Rother, UK

Arnav April 4, 2024

Rother| Airbnb Market Data & Overview | UK Rother Airbnb Market Data & Overview UK Is it profitable to do Airbnb in Rother, UK? What …

Annual Airbnb Revenue in Murfreesboro tennessee, USA

Arnav April 10, 2024

Murfreesboro, Tennessee| Airbnb Market Data & Overview | USA Murfreesboro, Tennessee Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Murfreesboro, …

Annual Airbnb Revenue in Swansea, UK

Arnav April 4, 2024

Swansea| Airbnb Market Data & Overview | UK Swansea Airbnb Market Data & Overview UK Is it profitable to do Airbnb in Swansea, UK? What …

Annual Airbnb Revenue in Kiawah island south carolina, USA

Arnav April 10, 2024

Kiawah Island, South Carolina| Airbnb Market Data & Overview | USA Kiawah Island, South Carolina Airbnb Market Data & Overview USA Is it profitable to …

Annual Airbnb Revenue in Paducah kentucky, USA

Arnav April 10, 2024

Paducah, Kentucky| Airbnb Market Data & Overview | USA Paducah, Kentucky Airbnb Market Data & Overview USA Is it profitable to do Airbnb in Paducah, …

Tags Hosting Tips

All About Airbnb Hosting Tips

Complete List of Airbnb Host Expenses You Must Know!

Post author By An Gundran
Post date December 27, 2022

The hype for short-term rentals like Airbnb is reaching a fever pitch with more and more people jumping on the trend and offering their properties to guests worldwide. For most investors, Airbnb is an excellent way to earn money on the side while also keeping themselves connected with guests from different backgrounds. In fact, there are exciting ways to start Airbnb with no money and the initial costs will give you an overview to anticipate Airbnb host expenses.

It isn’t surprising that a lot of people are looking for properties that they can turn to Airbnb and while rental arbitrage is certainly a good investment, there is a lot that could be said about its cost.

Aside from the Airbnb start-up cost, you also need to factor in your monthly expenses since they will be deducted from your monthly gross income. Preparing for all of these outlays will help you make a better investment decision.

With that said, we decided to cover the basic expenses you will have in a month as you manage your short-term rental. Stick to the end for tips on how to save on your monthly operating costs, Airbnb accounting suggestions, and a FREE downloadable Airbnb expenses spreadsheet to help you track your expenses and income.

How Much Does It Cost to Operate an Airbnb?

The overhead cost of operating an Airbnb can go somewhere between $700 to a few thousand dollars depending on what amenities you provide in your rental as well as how big your property is.

You might ask yourself why and how it managed to cost that much to run an Airbnb. Well, there are plenty of variables that contribute to these expenses. Some of these are electricity, water, gas, insurance, maintenance, and cleaning fees, which we will discuss in greater detail below so buckle up and prepare to have your eyes opened to what it truly costs to run an Airbnb property!

By the way, are you wondering if you are getting enough bookings? Compare your occupancy rate against to other similar listings around your area using Airbnb Analytics tool (Click the banner below). Once you are in the app, search for your market, and zoom into the area where your listing is located. Then, you can find the average occupancy rate of the area you are seeing in the map.

Most Common Airbnb Operating Expenses

Whether you are new or seasoned in the Airbnb industry, accounting for your expenses monthly is one of the tasks you can’t ignore. After all, your operating cost factors into how much revenue you will make.

In this article, we will guide you through the most common Airbnb host expenses you need to be aware of before you dive right into your short-term rental investment. The pie chart below will give you an overview of your biggest possible expenses:

1. Mortgage/lease payment

Mortgage or lease payment takes up the biggest chunk of your monthly expenses and understandably so, after all, it is the payment for the property in which you built your business.

Based on the data from the US Census Bureau, the National Association of Realtors, and the Department of Housing and Urban Development, the average lease or mortgage payment for a property in the US is somewhere between $2,062 to $3,059. These can of course change depending on where your property is located and if it is in a popular spot like California, Hawaii, and New York, which has some of the highest monthly rental rates in the country.

Mortgage or lease payment won’t be a problem if you already own the property, but for people who want to invest in a rental arbitrage, you should be aware of how much your monthly rent would be and if your possible income could cover the amount.

To check the potential revenue, occupancy rate, and price of the property you are interested in, you can use a free Airbnb calculator from Airbtics and make the best investment decision.

2. Homeowners Association Fee (HOA)

If your property is situated within a condo or a subdivision, you are likely required to pay the HOA fee. The HOA fee is a monthly expense that you must pay as part of a particular residential area.

These collected fees are used to maintain the shared space of the neighborhood. Along with this, HOA fees also help fund the regulations that prohibit a single homeowner from creating adjustments that will lower the real estate value of the community.

The average monthly HOA fee in the U.S. is $170. The fee can still vary widely depending on where your property is located as well as what amenities are provided within your community so be sure to check in with your HOA board.

3. Maintenance

Establishing a beautiful and serene Airbnb space is one thing, but keeping it in a pristine condition is another. As a property owner, it is not enough to beautify your rental and leave it at that once you are already gaining profit.

To ensure that your property will have the same value or more, you must spare a percentage of your budget on maintenance.

The rule of thumb in the STR (Short-term Rental) community suggests that you set aside 1% of your property’s annual value to maintenance alone and by maintenance, we mean repairing broken appliances and parts of the house.

Follow the maintenance checklist below to secure a long lifespan for your property:

Check for loose locks and squeaky handles
Check for water heater leaks
Check if all kitchen appliances are working
Check if the drains are working
Check if kitchen exhaust filter is blocked
Check for molds and cracks
Check for wood, sink, shower, and bathroom deterioration
Check fireplace for hazards
Check for chipped and peeling paint
Check for faulty light bulbs
Check for cracks and gaps in windows, doors, and walls
Check for damage on the ceiling and roof
Check for overgrowth of shrubs and indoor plants
Check if security system is working
Check for rusts or watermarks in appliances.

These are all the things you need to take note of when maintaining your property. Having all of these things on the checklist doesn’t mean that you will have to spend money on them monthly. The monthly fund that you are setting aside for maintenance is just to ensure you have the budget to handle any sudden repairs or replacements.

4. Insurance

When it comes to your short-term rental investment, one of the wisest decisions you can make is getting your property insured. Comprehensive policies for Airbnbs help safeguard every aspect of your short-term rental business and secure you from any loss of income.

On average, you have to pay $166.67 for your short-term rental insurance, but the price can vary depending on the provider. Below, we have provided you with a list of the top 3 best STR insurance companies in the U.S.:

Best Overall: Proper Insurance

We consider Proper Insurance as the best overall short-term rental insurance since they tailor their policies based on what your business needs. Additionally, this company specializes in short-term rental insurance so you can rest easy knowing that you are in the right hands. Some of their specs and perks include the following:

Covers all 50 states including Washington D.C.
Has a stand-alone policy type
Has a coverage amount of $1 million
Easy quote and claim process through phone
Specializes in short-term rentals
Has a $0 deductible option
Has a loss-of-use coverage built into every policy
Multiple policy add-ons are available

The only downside of this insurance company is that you cannot fully complete your quotes online and thus, you need to visit their office nearest to your location.

Best for Online Processing: Safely

Safely offers one of the best online experiences for investors who want to get their properties insured without going to physical locations. The website of Safely has a completely intuitive and user-friendly interface that makes it easier for you to process your insurance quotations and claims. Their unique quest-screening service also helped land them on our second most recommended STR property insurance provider in the U.S.

Check out the list below for an overview of Safely’s perks:

Covers 50 states and Washington D.C.
Has a stand-alone policy type
Covers up to $1 million
Can process quotes and claims online and on the phone
Specializes in short-term rental and guest-screening
Has a $0 deductible option
User-friendly online portal for quotes and claim process
Provides an option to conduct guest background checks upon confirmation of booking.

Safely has a set of pretty convenient specs; the downside, however, is that their short-term rental insurance may not be available on every ZIP code within their service area. They also don’t cover weather-related damage.

Best Claim Process: Allstate

Allstate is known for having one of the easiest and fastest claim processes among insurance companies. Additionally, they also have a convenient app that you can use to manage different aspects of your STR policy which includes filing and tracking insurance claims. Check out the list below to see its complete list of perks:

Has an indorsement policy type
Covers $10,000 per rental period
Has multiple options for quote and claim process including online, app, phone, and agent
Convenient claim process
Has the potential to avoid a rate increase following a claim

As one of the biggest insurance policy providers in the U.S. Allstate offers an attractive set of benefits. However, since short-term rental insurance is not their main focus, this service might not be available in all states serviced by Allstate.

5. Electricity bill

This one is a no-brainer. Once your guests stay on your rental, they will use your appliances and consume electricity in one way or another. The difference in your electricity bill can be affected by the season, how many appliances you have in your rental along with how often the guests will use them.

Be sure that your guests will not abuse their stay by setting up rules on how they will use the appliances. This will save you not just from the overwhelmingly high bill but from a nasty headache as well. With that said, here’s a list of common appliances that guests might be looking for in your Airbnb:

Washer and dryer
Refrigerator
Clothes iron
Smart TV
WiFi
Hot pad
Streaming service
Air conditioner
Exhaust fan
Lights

These are all the basics. You can add more to the list if you want to go the extra mile to impress your guests. The screenshot below shows the average electricity bill you would have to pay in the U.S. depending on your place of residence.

*Screenshot from the United States of America Energy Information Administration (EIA) 2021 Average Monthly Bill – Residential.

6. Water bill

The water bill is one of the most basic expenses you need to settle when you have a short-term rental. On average, this could cost you around $45.44 a month. When you think about it, this price isn’t so bad and you’d be right. Water bills rarely leave any drastic effect on your budget, but having a pool as one of your STR amenities is a completely different story.

If your Airbnb has a pool or jacuzzi, your water bill might increase by 10x or more of the average cost so this is something you need to be prepared for if you want to offer the pool as part of your amenities.

7. Internet

We are living in a world where people can’t survive without wifi. If you want to satisfy your guests, getting an internet subscription is a must. The good thing is that it doesn’t cost as much as your other monthly expenses.

On average, the monthly internet bill could amount to only $45, which isn’t so bad considering that it will bring in more bookings. If you haven’t had an internet provider yet, here are some of our recommended options:

Screenshot from USNews.com

8. Heating

If you are using electric heating for your home, you can just chalk this up in your electricity bill, but if you are using natural gas, you should account for heating in your monthly expenditures.

On average, you can spend $61.69 on heating in the U.S., but that might also depend on where you are living as well as the season.

Naturally, if you are in the Northern side of the U.S. your heating expense might be higher than the rentals in the South since the South has generally humid weather. Additionally, you can also expect higher heating costs during winter months, but outside of that, heating will barely leave a dent in your monthly expense budget.

Additional Airbnb Host Expenses

Aside from what was mentioned above, there are expenses that you can consider adding to your monthly expenditures. Some of these are mentioned below:

Cleaning

You might find it odd that we included cleaning in the additional expenses section instead of the most common monthly expense list. The reason for this is that there are some hosts who prefer to handle cleaning on their own. And while others might rely on cleaning services, as a host you are allowed to charge cleaning fees to the guest and thus, cleaning costs will hardly affect your monthly budget.

Calculate Average Airbnb Cleaning Fee in your area →

Get average cleaning fee airbnb !

Monthly entertainment subscriptions

If you are one of those hosts who want to go the extra mile to give your guests the best service, then you might consider subscribing to entertainment channels like Disney +, Netflix, HBO Go, and more. If this is the case, then you might want to consider adding these subscriptions to your Airbnb expense tracker.

Management service

Some hosts are content with managing their Airbnb personally, while some need a little hand from experts. If you are one of the latter, you might want to set aside a budget for management costs.

One thing you might want to know about management services is that they can typically cost somewhere between 10% to 40% of your rental income, which is a pretty big deal.

You, of course, have the option to manage your business yourself and save a huge percentage of your profit, but if you want someone to handle your guests, communicate and manage bookings, coordinate maintenance services, and provide customer service while you sit back and earn, then you might want to add management cost on your monthly expense.

Supplies

Just like cleaning, you might find it weird that we included supplies here, but a lot of Airbnb hosts actually don’t provide guests with toiletries and other common supplies for their stay. Instead, they opt to ask guests to bring their own stocks. If you are a generous host who wants to give your guests the best experience, here are some supplies you can include in your inventory:

Airbnb Accounting: Tracking your expenses and income

Having a hard time keeping track of your expenses and income? We have just the right set of tools for you. Below are some of the most recommended apps and tools to help you keep track of your STR investment.

Stessa (Free)

Stessa is a finance tool that is created to help property investors like you to manage and monitor the performance of your short-term rentals. It has the perfect visual dashboard to help you view your key metrics in real time. With their new Airbnb file importer, keeping track of your income and expenses has never been easier. Check out how we do it below:

Step 1: Download your Airbnb transaction history in CSV format and upload the file to your Stessa account.

Set the necessary date range and click “Download CSV” along the “Paid out” tab. After that, select the “Import” button on the transactions page to upload the file without making any changes to the document. Once uploaded, Stessa will automatically categorize your Airbnb file.

Step 2: Switch the rent roll to “Short-term rental” through the Leases & tenants page then input your occupancy percentage for the calendar year along with your expected average nightly rate.

Step 3: Enter your expected Airbnb monthly expenses under the “Pro Forma” column in the “Monthly Expenses” card. Use this as a baseline to compare with your actual monthly expenses.

Step 4: Connect your bank account where you receive payments from Airbnb. Doing this will enable you to automatically capture your transaction and income data.

As you can see, Stessa has everything you need to record your expenses and income. What’s wonderful about this software is that it is simple to understand and keep up with. The best part is that it is absolutely free!

Quickbooks (Paid)

Quickbooks is the perfect software for a small business that doesn’t want to spend too much on managing and accounting costs. It gives you the option to handle your invoices, taxation, payroll, expense tracking and income tracking all in one place. To keep up with your income and expenses, here’s a step-by-step guide on using Quickbooks:

Recording expenses

Step 1: Go to New (+) and click Expense

Step 2: Select the name of the payee

Step 3: Select the account you use to pay for the expense. If your account is connected to Quickbooks, your expense will automatically be recorded on the expense report.

Step 4: Select the payment date and payment method. Then choose the appropriate category for what you bought and enter its description.

Step 5: State the amount you paid. You can also add receipts as an attachment to your expense report.

Recording income

Quickbook only records income coming from accounts that are connected to it. Make sure to connect your bank to where your Airbnb income is coming from and track your revenue through Quickbooks’ Income Tracker.

While Quickbooks is certainly a helpful tool for small businesses, it requires a bit of accounting experience on your end. Once you are familiar with the function of the app and your necessary business accounts are connected to Quickbooks, it would be easy to keep track of your expenses and income, especially since it automatically records the activities of the accounts you connected it to.

Spreadsheet (Free)

If the available softwares didn’t stand out to you, a spreadsheet might be just the answer you are looking for.

This spreadsheet template by Deborah Ho is one of the most comprehensive income and expense trackers for Google Sheet users. It offers customizable categories with a pie chart to show you where most of your expenses go. It also has a yearly breakdown so you can track which expenses you spend on the most for each month of the year.

What makes it even better is that it is FREE and you can create a copy of it using THIS link. Here’s a step-by-step guide on how to use this sheet:

Step 1: First, you must create a copy of the sheet on your own drive.

Step 2: Change the category into the name of your specific expense. For example, change Category 1 to Electricity and so on.

Step 3: Go to the Income Dashboard then change the name from “Workplace” to the name of your property.

Step 4: Input your income from your properties on the Income Dashboard. The sheet will automatically compute the total of your income for the month and it will reflect on the Main Dashboard.

Step 5: Go back to the Main Dashboard then type in the cost of your monthly expenses per category. The total amount of your expenses will reflect under the Total Expenditures. This total expenditure will be deducted from your total income to give you your gross savings.

You can customize the spreadsheet once you have made a copy, but make sure to check the formula if you are adding another category on the sheet since it might affect the overall data reading.

Airbnb Saving Tips for Hosts

Did the list of expenses sound overwhelming? Don’t worry, we got your back. Read the tips below and save on your monthly expenditures:

Tip 1: Use energy-efficient appliances and light bulbs

Electricity is one of your major Airbnb expenses so you want to save on it as much as possible. Fortunately, there are energy-efficient appliances like LED light bulbs. Although these bulbs have a higher initial cost, they can help you lower your energy use boasting durability that your regular bulbs don’t have.

Additionally, you can also opt for motion-sensing lights for outdoor lighting to save on energy. Even better if it is solar-powered!

Tip 2: Buy in bulk

If you are thinking of adding supplies to your Airbnb, we recommend purchasing in bulk since it is usually cheaper. Try taking the time to look into good markets where you can purchase items for a lower price.

Tip 3: Keep your tax deductibles in mind

You might not have to worry about tax on a monthly basis since it is automatically deducted by Airbnb after every confirmed listing, but it doesn’t mean that it isn’t there and it isn’t affecting your profit.

To make sure that it wouldn’t leave you with too little income to enjoy, make sure to meet all the tax deduction requirements and record all your expenses associated with running your Airbnb and be sure to fill out the tax form provided by Airbnb to avoid any legal negligence.

Tip 4: Be proactive in maintenance

Maintenance is one of your biggest expenses as an Airbnb host, but there is a way to reduce its cost and that is through proactive maintenance. What we mean by this is fixing things before it becomes irreparable. Keep track of every small issue on your Airbnb and jump into action before it could get worse.

Tip 5: Do your own cleaning

We know a lot of us hate cleaning but if you want to save on the cleaning expense, you better gear up with your cleaning gloves and start doing the chores on your Airbnb. What’s fun about this is that you can charge the guest for the cleaning expense even if you are the one to handle your own cleaning. The average cost that you can charge per reservation is $150.

Tip 6: Reduce marketing expense

Marketing is an important part of your business, but that doesn’t mean you have to go overboard with it. Instead of throwing money left and right to market your Airbnb, you can opt for low-cost marketing strategies using social media.

Get professionally taken shots of your property and post them on your Facebook, Twitter, or Instagram page. We also recommend being consistent with producing high-quality content to attract the audience that you want.

The bottom line

Before investing in an Airbnb property, you must identify the ongoing expense you will have to keep your short-term rental running. Your expenses shouldn’t surpass your income and thus, you need to make the best investment decision when selecting your property.

To do this, you need reliable STR software like Airbtics to guide you in finding the best ROI rental markets for your Airbnb business. You can use the Airbtics Estimator to list down your expenses and calculate your revenue potential. For instance, let’s say you are thinking of setting up an Airbnb listing in the United Kingdom, then you should target cities with the highest Airbnb occupancy rates in the UK.

The cost to run your Airbnb might be high but once you find the right property through Airbtics’ accurate market data and actionable analytics, you can generate an income that will make all your expenses worth it!

Tags Hosting Tips

All About Airbnb Hosting Tips

Top 10 Black Friday Deals for Airbnb hosts

Post author By Robyn Peña
Post date November 24, 2022

Black Friday deals already started last November 20th and this tradition brings undeniable hype to everyone, particularly Airbnb hosts! From furniture to appliances, decorative pieces, to bedding and bathroom necessities, Black Friday promos will have it all covered.

But let’s not forget – Airbnb hosting tools should be on top of the list because they are also part of the essentials. Some of the tools are property management, dynamic pricing, message automation, and market research software. Using these Airbnb tools not only helps hosts to properly handle daily work but they are surely built to boost return on investment, save precious time, and improve guests’ experience.

Since most people are after Black Friday discounts, coupons, and other special deals that should not be missed out on, let’s take a look at the top 10 best software that all Airbnb hosts and vacation rental managers should keep an eye out for.

1. Airbtics

Airbtics is one of the outstanding short-term rental analytics available in the market. This software is dedicated to helping Airbnb hosts and property managers to increase their revenue by discovering emerging markets, avoiding losses with the help of historical data, and making the wisest investment decisions.
Available until December 03, 2022
Promo codes: BF2022

2. Zeevou

Zeevou is a channel manager that lets you synchronize your rates and availability instantly with over 200 channels. It helps you automate nearly all areas of vacation rental management, optimizing processes, and minimizing the risk of human error.
40% off until 28th of November, 2022

3. NoiseAware

NoiseAware is a noise protection service for short-term and vacation rentals. The only way to prevent a noise complaint is through proactive incident management. This software ensures that you are the first to know of noise violations at your properties, not the last to find out.
Get 50% off NoiseAware when you purchase between now and 11:59 p.m. Mon. Nov. 29. Offer valid for up to 10 properties with an annual subscription.
PROMO CODE: LABOR50

4. iGMS

iGMS is the only vacation rental software that automates up to 90% of daily hosting tasks & management. This tool can easily control all OTA accounts like Airbnb, Booking.com, & Vrbo from one multi-calendar and help hosts to grow direct bookings.
Save up to 50% on the iGMS PRO Subscription, valid until December 01, 2022.
PROMO CODES:
- BLACK6 for a 6-month subscription
- BLACK12 for a 12-month subscription

5. Guesty

Guesty is an end-to-end solution for short-term property managers looking to save time, increase revenue and grow their businesses. The software allows users to manage listings across multiple channels, such as Airbnb, Booking.com, and TripAdvisor Rentals, from a single platform.
Offers their biggest sale for 50% off
PROMO CODE: VIP2022

6. Keycafe

The Keycafe and Airbnb integration automates key access for guests and reduces administrative work for hosts. When a booking is created in Airbnb, a unique key access code is generated and sent to the guest along with instructions on how to pick up the property’s key.
Save 20% until November 30th

7. Mashvisor

Mashvisor is an AI analytics platform designed for real estate agents, investors, property managers, and property owners who want to find potential investment properties.
Offers 20% off storewide for new customers
PROMO CODE: SUMMER

8. QuickBooks

This tool is a smart accounting software that helps Airbnb hosts take control of their finances. It offers expert help from real people – from invoicing and expenses to payroll and submitting VAT, QuickBooks help make tax the digital way.
3 Months for Free if claimed during the Black Friday sale

9. Lodgify

Lodgify is an innovative all-in-one solution that simplifies vacation rental marketing. It allows both owners and property managers to create their own mobile-friendly website with a “Book Now” button, manage reservations and calendars efficiently, and instantly synchronize property information with listings on external portals.
50% off on all products
PROMO CODES: BF2022 & SALE50

10. AirDNA

AirDNA is one of the most popular sources of short-term rental data. It also offers a wide range of tools for investors to find profitable properties.
40% off with promo code: CYBER40
Save 40% with an annual subscription: CYBER20

Tags Hosting Tips

All About Airbnb Hosting Tips

Exclusive Black Friday Deals for Airbnb hosts Limited time only!

Post author By jae an
Post date November 24, 2022

5 Markets - Standard Plan Deal for New Users: Before $149 | Black Friday Coupon: BF2022 Only for $299

Get full access to 5 regions’ data for only $99 for a limited time. The dashboard presents a region’s emerging markets and simulates cash returns using an Airbnb income calculator, along with weekly data updates, and historical performance data.
Airbnb hosts and property managers can easily discover accurate data for 5 regions – anywhere in the world!

Duration: December 03, 2022

Offer: 33% discount valid for 1 month

Payment:

Option1. Go to this link and make a payment. Our customer onboarding team will reach out to provided email within 1 working day. https://buy.stripe.com/8wM4iN1Cs1h158cfZT

Option 2, Go to the app, click + button on the top right side to go to the payment page. Put BF2022 on checking out.

COUPON CODE: BF2022

Discover Emerging Markets: Occupancy Rates, Daily Rates, Seasonality, and more

Simulate your Cash Return
Define Competitive Sets to Track and Benchmark
Achieve MORE PROFIT for your next investments!

Tags Hosting Tips

🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!

Communicate:

Accommodate if possible:

Contact Airbnb Support:

Get in touch with a lawyer:

Agreement:

Foster relationship:

What is the Best Number of Bedrooms for Airbnb?

Executive Summary

Introduction

What qualifies as a bedroom on Airbnb?

How many bedrooms are best for Airbnb?

Myth: More Bedrooms the Better?

Gross Rental Yield

How To Find the Best Number of Bedrooms for Airbnb in Your Market?

Check Your Prospective Airbnb Market

Less Isn’t Always More

Get Location-Specific Airbnb Data

Conclusion

Quick Links

Quick Links

Key Takeaways

Introduction

What is RevPAR in Airbnb?

What does booking lead time mean on Airbnb?

How Do You Maximize Revenue with Airbnb Historical Data

Conclusion

Dive Deep into the Daily, Weekly, & Monthly Numbers With Airbtic’s Granular Data!

Key Takeaways:

Introduction

Does property manager mean landlord?

When should you hire a property manager?

What does a property manager actually do?

What are the cons of hiring a property manager?

How much does it cost to hire a property manager?

Is it worth it to hire a property manager?

Key Takeaways

Introduction

Requirements to Claim Smoking Fees on Airbnb:

What does Airbnb Cleaning Fee Cover?

How to Claim Smoking Fees: Reimbursement Process of Airbnb

FREE Airbnb Text Template Sample: Claiming Smoking Fees

Expert Tips: How to Prevent Smoking Fee Issues

1. Set out strict house rules against smokers

2. Install an outdoor security camera

3. Utilize smoke sensors/detectors

Takeaway

Top 5 Reasons Why You Should Use An Airbnb Channel Manager

1. Easy Management

2. Excellent Time Saver

3. No Double Bookings

4. Higher Occupancy Rates

5. Instant Replies to Guests

Top 5 Airbnb Channel Managers

1. Host Tools

2. Uplisting

3. Hostaway

4. iGMS

5. Hospitable

Summary

FAQs: Airbnb Average Daily Rate (ADR Airbnb)

1. What is Airbnb Average Daily Rate?

2. How Much Can an Average Airbnb Host Earn Daily?

3. I Want to Start an Airbnb Business. What is my Potential Daily Rate?

4. Which City Has the Highest Airbnb Average Daily Rate?

5. Pricing Strategy: How to Set Daily Prices on Airbnb?

Where to Find Airbnb Average Daily Rate (ADR)?

Top 5 Airbnb Cities in the USA: Airbnb Average Daily Rates

1. Los Angeles, California

Airbnb Data in Los Angeles, California: 90001 – 90899

2. New York, New York

Airbnb Statistics in New York: 10001

3. San Francisco, California

Airbnb Data in San Francisco, California: 94101 – 94199

4. Houston, Texas

Airbnb Property Data in Houston, Texas: 77002 – 77057

5. Seattle, Washington

Airbnb Market Data in Seattle: 98101 – 98199

5 Highest Airbnb Cities in Canada: Airbnb Average Daily Rates

1. Whistler, British Columbia

Dive Deep into the Daily, Weekly, & Monthly Numbers
With Airbtic’s Granular Data!