Category: Case studies & Insights

Airbnb Occupancy Rates in South Korea: Best cities to invest in!

Post author By Magdalena Jara
Post date February 8, 2023

airbnb occupancy rates south korea

Investing in an Airbnb property in South Korea seems like a profitable investment if we consider that this country is a hub of economic and soft power. Besides, it is also one of the most beautiful cities in Asia that attracts a great number of visitors annually. In fact, just in 2019, the famous city of Seoul ranked 23rd among the world’s most popular cities with a total of 9.11 million tourists!

However, before investing in a property in South Korea, it is essential to analyze which city you will be investing in and determine the profitability based on Airbnb’s important key metrics. In this article, you will find the top 20 best cities for Airbnb in South Korea along with their respective occupancy rates, monthly & yearly revenue, average daily rates (ADRs), and much more. Want to learn more? Then we recommend you to continue reading!

Why Invest in Airbnb Properties in South Korea?

South Korea ranks among the top 3 short-term rental markets in Asia with an average occupancy rate of 35%! This country offers people the best of both worlds: great cities with well-maintained and modern infrastructure and natural environment composed of rivers hills and mountains.

South Korea is also home to iconic and renowned tourist attractions such as Gyeongbokgung, Seoul Tower, Bukchon Hanok Village, and much more! So both residents and visitors alike will always have something to discover in this country.

In addition to majestic tourist attractions, South Korea also offers one of the fastest internet speeds compared to other countries. Its public transportation system is among the best worldwide and health care is quite affordable. Let me add that crime rates in Korea are also really low, so while you still should be aware of your surroundings, maybe you can rest a bit more while exploring this country!

Is Airbnb legal in South Korea?

While knowing Airbnb’s key metrics is important, it’s also crucial to consider whether Airbnb is legal in the city you want to invest in. If you’re worried about Airbnb’s legality in South Korea, then do not fret anymore because it’s legal!

The Airbnb regulations in Korea established basic rules for urban accommodation establishments for foreign tourists. This includes obtaining a VAT number from the Revenue Office, licenses, and following specific local rules.

Yet, it’s always best to check with the local government office to know which registrations or licenses may be required for the type of experiences you will offer.

Airbnb Occupancy Rates in South Korea: The 20 Most Profitable Cities

South Korea offers excellent investment opportunities, so it’s understandable that this country is attractive to property investors.

But there are still doubts: which city should you invest in? Should you invest in an Airbnb in modern cities like Seoul or Busan? Or better invest in an Airbnb in touristy cities like Jeju or Seogwipo?

To figure out the best cities to do short-term rental investments in South Korea, we used Airbtics’ calculator to filter the top 20 markets with the highest occupancy rates:

1. Seongnam

Total Number of Airbnb Listings: 229
Airbnb Annual Revenue: $18,032
Average Daily Rate: $58
Occupancy Rate: 79%
Median Property Price: $11,996 sq.m. (15,000,000 KRW)

2. Jeju City

Total Number of Airbnb Listings: 5,539
Airbnb Annual Revenue: $19,671
Average Daily Rate: $83
Occupancy Rate: 72%
Median Property Price: $7,371 sq.m. (9,215,872 KRW)

3. Seoul

Total Number of Airbnb Listings: 7,993
Airbnb Annual Revenue: $11,866
Average Daily Rate: $51
Occupancy Rate: 68%
Median Property Price: $22,827 sq.m. (28,542,114 KRW)

4. Seogwipo

Total Number of Airbnb Listings: 3,562
Airbnb Annual Revenue: $13,952
Average Daily Rate: $70
Occupancy Rate: 58%
Median Property Price: $5,521 sq.m. (6,944,368 KRW)

5. Suwon

Total Number of Airbnb Listings: 325
Airbnb Annual Revenue: $8,624
Average Daily Rate: $46
Occupancy Rate: 50%
Median Property Price: $6,798 sq.m. (8,500,000 KRW)

6. Busan

Total Number of Airbnb Listings: 3,037
Airbnb Annual Revenue: $12,634
Average Daily Rate: $76
Occupancy Rate: 45%
Median Property Price: $9,324 sq.m. (11,658,852 KRW)

7. Gangneung

Total Number of Airbnb Listings: 1,721
Airbnb Annual Revenue: $16,202
Average Daily Rate: $97
Occupancy Rate: 45%
Median Property Price: $5,641 sq.m. (7,109,464 KRW)

8. Pyeongtaek

Total Number of Airbnb Listings: 119
Airbnb Annual Revenue: $8,282
Average Daily Rate: $53
Occupancy Rate: 42%
Median Property Price: $6,097 sq.m. (7,668,867 KRW)

9. Daegu

Total Number of Airbnb Listings: 686
Airbnb Annual Revenue: $7,485
Average Daily Rate: $47
Occupancy Rate: 41%
Median Property Price: $5,332 sq.m. (6,666,667 KRW)

10. Chungju

Total Number of Airbnb Listings: 59
Airbnb Annual Revenue: $15,722
Average Daily Rate: $97
Occupancy Rate: 41%
Median Property Price: $5,588 sq.m. (7,042,667 KRW)

11. Daejeon

Total Number of Airbnb Listings: 395
Airbnb Annual Revenue: $7,489
Average Daily Rate: $40
Occupancy Rate: 47%
Median Property Price: $2,699 sq.m. (3,375,000 KRW)

12. Gyeongju

Total Number of Airbnb Listings: 1,049
Airbnb Annual Revenue: $13,286
Average Daily Rate: $87
Occupancy Rate: 40%
Median Property Price: $5,735 sq.m. (7,213,540 KRW)

13. Hwaseong

Total Number of Airbnb Listings: 155
Airbnb Annual Revenue: $10,641
Average Daily Rate: $65
Occupancy Rate: 40%
Median Property Price: $6,584 sq.m. (8,281,420 KRW)

14. Sokcho

Total Number of Airbnb Listings: 956
Airbnb Annual Revenue: $11,957
Average Daily Rate: $78
Occupancy Rate: 38%
Median Property Price: $5,357 sq.m. (6,738,088 KRW)

15. Andong

Total Number of Airbnb Listings: 114
Airbnb Annual Revenue: $11,660
Average Daily Rate: $88
Occupancy Rate: 37%
Median Property Price: $5,505 sq.m. (6,938,061 KRW)

16. Yeosu

Total Number of Airbnb Listings: 941
Airbnb Annual Revenue: $11,575
Average Daily Rate: $88
Occupancy Rate: 33%
Median Property Price: $5,796 sq.m. (7,304,814 KRW)

17. Incheon

Total Number of Airbnb Listings: 1,363
Airbnb Annual Revenue: $8,645
Average Daily Rate: $69
Occupancy Rate: 32%
Median Property Price: $10,930 sq.m. (13,666,667 KRW)

18. Ulsan

Total Number of Airbnb Listings: 327
Airbnb Annual Revenue: $8,556
Average Daily Rate: $73
Occupancy Rate: 32%
Median Property Price: $14,113 sq.m. (17,743,849 KRW)

19. Tongyeong

Total Number of Airbnb Listings: 366
Airbnb Annual Revenue: $8,676
Average Daily Rate: $71
Occupancy Rate: 32%
Median Property Price: $5,471 sq.m. (6,895,210 KRW)

20. Jeonju

Total Number of Airbnb Listings: 1,283
Airbnb Annual Revenue: $7,350
Average Daily Rate: $62
Occupancy Rate: 31%
Median Property Price: $6,595 sq.m. (8,298,270 KRW)

Takeaway

South Korea surely ranks among the top countries in many aspects. This includes being a touristy country, a tech hub, great health care system and much more. While the real estate value is a bit higher compared to other countries, it is still a fact that it remains an attractive market to property investors since it can generate a nice amount of cash!

There are many profitable cities in South Korea, but there’s always a risk if you decide to invest in a market before analyzing all the metrics. That’s why it’s always recommended to conduct market research for accuracy using short-term rental analytics tools.

Luckily, you can have many advantages now as we live in a digital era that offers many resources that can greatly facilitate your work to take the best investment decisions. For this, we encourage you to use an Airbnb Income Calculator to gauge your market profitability!

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A Guide to Financing Short-Term Rentals

Post author By Robyn Peña
Post date February 6, 2023

Financing short term rentals

Short-term rental properties can be excellent investments that can help generate a smooth flow of income. In fact, Airbnb recently shared that Airbnb hosts around the globe have earned over $21 billion for the first half of 2022. Yes – that’s just for the first half of the year!

You might have also heard that there’s consistent demand for short-term rentals. And this is where potential investors ask the question: How can I finance my short-term rental property?

This article will guide you through the process and feature experts’ options for STR financing. Because let’s face it – there can be a long list of Airbnb host expenses!

There are several ways to finance your short-term rental – whether it’s your first time investing or are looking to start your second property. Excited to learn more about it? Continue reading!

What is Short Term Rental Financing?

Financing short-term rental is an alternative for property investors who want to loan money for their short-term rental properties. The most common STR financing for others is private loans. But there are various kinds of short-term investment property loans that you can take advantage of:

Hard money loans

Hard money lenders usually have flexible guidelines. They also have the highest interest rates in the market with approximately 1-3 years of payment terms. Some of the best hard money lenders are Kiavi and RCN Capital.

Conventional bank loans

If you have a high income that’s enough to support the new mortgage payments, this type of loan is ideal for you. Conventional bank loans offer the lowest rates in the market. Since this is similar to a mortgage for your primary property, it may not be suitable if you want to purchase multiple properties.

Commercial rental-specific loans

Also known as the Debt Service Coverage Ratio (DSCR) loan, this kind of loan will depend on your property’s projected income.

Let’s imagine that you have a certain amount of money – enough to cover the price of the property and the basic costs of ownership. Most investors feel confident that they won’t need a lot of cash reserves since the business started anyway. So they assume that it’s enough to cover the recurring expenses. It’s a costly mistake!

Not having enough cash reserves will limit your budget for furnishing, inability to cover the mortgage for at least 6 months, and unprepared for other costs.

Top 10 Short-Term Rental Lenders

Short-term rental loans can be a hassle but it shouldn’t be too difficult to apply for one. We filtered the following vacation rental lenders for easy viewing:

1. Host Financial

Host Financial is one of the leading short-term rental lenders in the market. Built to support the vacation rental market, they offer both short and long-term financing.

Host Financial does not require leases, tax returns, W2’s, DTI, or personal income when applying for a short-term rental loan. To begin with your application, you will need to fill out and submit a form.

2. Lima One Capital

Lima One is a mortgage finance company that provides customized real estate loans. They also set the standard among hard money lenders for fix & flip and rental property financing.

As seen in New Silver’s review, Lima One Capital’s loan products have various requirements. They are also required to have a minimum FICO score of 600-700, depending on the borrower’s portfolio.

3. American Heritage Lending

Known as a national lender that specializes in Non-QM and Residential Transitional Lending, AHLend is focused on hard money financing for real estate investors.

As seen on their website, a property investor can loan an amount of $75,000 to $2 Million. The payment terms are 5 & 7-year ARM and 30-year fixed-rate rental loans in American Heritage Lending.

4. Strong Hill Capital

Strong Hill Capital provides commercial, consumer, and residential loans for real estate investors and buyers. They offer a full spectrum of loan programs according to your preference with lesser paperwork.

5. Coast 2 Coast Mortgage

Coast 2 Coast Mortgage offers debt consolidation, mortgage services, refinancing properties, and mortgage services for residential and commercial properties.

According to their website, their loan parameters are up to 80% LTV financing on a purchase with loan terms of 30 & 40 years (interest-only options). If you already have an existing property, you can fill out the form below and their support team will contact you:

6. KRAM Capital

KRAM Capital is one of the leading independent lending firms which caters to commercial and real estate loans. Aside from multi-family and bridge loans, they offer short-term rental financing for new and seasoned investors. The minimum loan amount that KRAM Capital offers is $200,000.

7. Make A Beeline

Beeline offers a simple application flow but it isn’t recommended for beginners. This is because Beeline’s STR financing is based on your property’s rental income (DSCR or commercial-rental specific loans). So if you don’t have a primary property yet – there are other options to look out for!

Some of the requirements include havig a minimum credit score of 640, 12 months’ worth of projections, and actual historical STR income among others.

8. VISIO Lending

Known as the nation’s premier lender for buy & hold investors offering, VISIO Lending also offers vacation rental loans. This company only requires simple documentation with no personal DTI or tax returns.

9. RCN Capital

RCN Capital is a private and direct lender company that offers 30-year loans with 7.30% rates for short-term rental financing. They also offer to finance long-term rentals and new construction.

10. Tidal Loans

Tidal Loans offers various types of loans including hard money and investment property loans. Although they cater nationwide, their lending areas are not available in certain states such as Nevada, California, and Arizona among others.

Vacation rental financing rates at Tidal start at 3.5% with no income verification needed. The minimum amount you can loan ranges from $75k to $2M, depending on your property type.

3 Expert Tips on Short Term Rental Loans

Here are some short-term rental financing expert tips that you can use:

1. Speak with Mortgage Brokers & Lenders

Before you decide which lending company works best for you – research first! It’s highly recommended to chat with mortgage brokers who understand the local real estate market.

There are various loan terms and conditions that you may not know of and are worth exploring before making a decision.

Pro tip: You can also ask for help with arranging mortgage application documents in advance. The lender will get the impression that you are keen to invest in the real estate industry.

2. Easy Approval for Short Term Rental Financing

Lenders go through your financial position and consider your debt-to-income ratio and cash reserves before approving your loan application.

In order to get easy approval for STR financing, you have to check your FICO credit score and keep a low debt-to-income ratio. You may also need to save some extra cash reserves and consider ways to improve your credit score!

3. Research for Great Investment Deals

To make sure that you’re raising capital for a profitable property investment, do your research first! Financing Airbnb properties can come next after discovering excellent investment deals. Using a short term rental analytics tool will help you find the best neighborhood for Airbnb, understand the existing market and demand, and even predict your revenue.

With the help of an Airbnb profit calculator, real estate investment goes to the next level. You can estimate your revenue potential, discover emerging markets, and make the wisest investment decisions!

Blog posts Case studies & Insights Investment

Where to Invest in Real Estate in Italy? Airbnb Market Trends in 2023

Post author By Robyn Peña
Post date February 6, 2023

Where to invest in real estate in Italy

Italy is one of the most visited countries in Europe for its renaissance, fashion, and art industry. Because of its wondrous architecture and tourist attractions, the Airbnb demand in Italy is also on an upward trend!

Not only that – but Airbnb even recently opened the doors of opportunity for those who want to live in Sicily (rent-free) to boost the Italian village of Sambuca.

And while there are several great investment opportunities in Italy, this article will guide you through filtering the best ones! We’ll feature the recent Airbnb market trends and properties in Italy with the most profit. Excited to learn more? Continue reading!

Is Airbnb Profitable in Italy?

YES – Airbtics’ data shows that Airbnb is profitable in Italy! Airbnb host Italy can expect the following:

Average occupancy rate in Italy: 38%
Average daily rate in Italy: €137

To be more specific, let’s take a look at the Airbnb data for Municipio I in Rome, Italy:

Studio-type apartment in Rome
- Average annual revenue: €31,961
- Occupancy rate: 89%
- Average daily rate: €92

1-bedroom apartment in Rome
- Average annual revenue: €38,374
- Occupancy rate: 89%
- Average daily rate: €111

2-bedroom apartment in Rome
- Average annual revenue: €52,932
- Occupancy rate: 88%
- Average daily rate: €156

♦ Airbnb Trends in Italy 2023

Airbnb market trends in Italy have recently discovered interesting facts. According to top real estate agents in Italy, luxury properties are thriving in areas such as Lake Como and Capri Island. This is despite the fact that there is high inflation and rising interest rates by central banks!

Homeowners in Hampton, on the other hand, are considering a different technique to sell their properties. They auction their properties in high-profile biddings instead of traditional sales to make more money. Some of the homeowners are also hesitant to sell their properties as they can make a valuable asset, in the future.

Most property investors in Italy are considering markets with incredible views. This includes Lake Maggiore and the Island of Capri! Instead of populated cities like Rome, Milan, or Florence where markets can be oversaturated, the Airbnb trends 2023 is shifting to open vista areas.

♦ Best Areas for Investment in Italy

When starting an Airbnb business in Italy, it’s always best to look at the trends and understand the market. It’s one of the major keys to success! Check out the best areas where to invest in real estate in Italy:

1. Lake Como

Known as the third largest Italian lake, Lake Como presents a breathtaking view of the surrounding nature. Lake Como is situated at the foothills of the Alps which both property investors & Airbnb guests will certainly enjoy! Here is the Airbnb data in Lake Como, Italy:

Average property price (2-bedroom property): €400,000
Airbnb annual revenue: €31,491
Gross rental yield: 7.98%
Seasonality: 90%

Most luxury property in Lake Como is purchased by property investors for various reasons. You can ask for a price quote or even view a property through Lake Como luxury real estate website. Here are some of the properties in Lake Como as seen on the Airbnb website:

2. Capri

The beautiful island of Capri is situated within the heart of Italy’s Bay of Naples. One of its popular natural destinations is the Blue Grotto, an underwater cave that glows! During the summertime, there are also yachts by the coast which are ideal for tourists and homeowners alike. Here is the Airbnb data in Capri Island, Italy:

Average property price (2-bedroom property): €520,000
Airbnb annual revenue: €53,043
Gross rental yield: 10.20%
Seasonality: 98%

Capri Island real estate offers various villas, apartments, and flats with a sea view! Here are some of the properties in Capri Island as seen on the Airbnb website:

3. Umbria

The region of Umbria is popular for its countryside landscape. It’s certainly filled with all kinds of natural experiences! From rivers, waterfalls, and canals – one can also enjoy freshly harvested vegetables and grains. Here is the Airbnb data in Umbria, Italy:

Average property price (2-bedroom property): €440,000
Airbnb annual revenue: €12,036
Gross rental yield: 2.73%
Seasonality: 79%

You can look at property for sale in Umbria, Italy, on websites such as Immobiliare IT and Umbria Real Estate. Here are some of the properties in Umbria as seen on the Airbnb website:

4. Lake Maggiore

If you’re looking to invest in stunning villas in the second-largest lake in Italy, Lake Maggiore is the answer! Known for its top attractions such as Isola Bella, Villa Taranto, and even Lake Maggiore itself, there’s plenty to do and see in this area. Check out the Airbnb data in Lake Maggiore, Italy:

Average property price (2-bedroom property): €540,000
Airbnb annual revenue: €21,435
Gross rental yield: 3.96%
Seasonality: 83%

The majority of properties in Lake Maggiore are villas and apartments. And there are also luxury properties for sale that you can take a look at! Here are some of the properties in Lake Maggiore as seen on the Airbnb website:

Tips Before Investing in Airbnb in Italy

Thinking of investing in an Airbnb business in Italy? Discover some expert tips to make the best investment decisions:

1. Research Profitable Neighborhoods & Best Property Types

Now that you know that Airbnb is profitable in Italy, the research shouldn’t end there! Each neighborhood will have different profitability and occupancy rate. A studio-type apartment can get booked fast in the city center, but a villa might be preferred in the countryside.

You can research profitable neighborhoods using an Airbnb analytics tool. This gives you the superpower to leverage your game in the industry! By looking at your competitor’s performances, common property types, and pricing, you can strategically make an informed investment decision.

2. Speak with local real estate agents

One of the highly recommended actions to understand the market is speaking with local real estate agents in Italy. You can instantly get answers to your questions prior to starting an investment! Knowing the local Airbnb rules, neighborhood vibe, and even area recommendations will help you get ahead in the industry.

3. Plan a Budget and Predict the Profitability

Planning is a primary and crucial step to successful property investment. You can create a list of all the Airbnb expenses – from initial to recurring costs. This will help you anticipate other unexpected expenses!

Apart from this, predicting your property’s potential profitability will also help you have an overview of your expected income. Using an Airbnb calculator, the whole process is made easy!

Conclusion

While there are several excellent property investments in Italy, it’s always best to conduct research and use short-term rental analytics tools for absolute certainty. It’s a huge risk to invest in properties – time, effort, and money should NEVER come to waste. Take advantage of what the digital era can offer and find out where to invest in real estate in Italy!

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A Guide for Airbnb Host San Francisco & Top 5 Profitable Airbnb Locations!

Post author By Robyn Peña
Post date January 31, 2023

Investing in an Airbnb in California is an excellent idea as long as you target the right city. Particularly in San Francisco – where the concept of Airbnb started in 2007! With millions of tourist arrivals annually, this city is becoming more and more popular. Some of the iconic landmarks in San Francisco are The Golden Gate Bridge, Alcatraz Island, and Pier 39.

If you’re looking for an Airbnb hosting guide & calculate your potential Airbnb income in San Francisco, you’re reading the right article!

We’ll feature some of the Airbnb regulations in San Francisco, a step-by-step guide to hosting, and what to expect when becoming a host. Bonus: We also added the top 5 most profitable neighborhoods in San Francisco – let’s dive in and learn more.

How to become an Airbnb host in San Francisco?

You need to apply for the following requirements in order to become an Airbnb host in San Francisco:

Register for Business Registration Certificate through the San Francisco Treasurer & Tax Portal
Obtain a valid short-term residential rental certificate ($450 application fee – valid for two years)

Once your registration is approved, you will need to add the registration details to your listing as part of San Francisco Airbnb regulations. Some of the Airbnb rules in San Francisco will also check your eligibility for hosting. This includes insurance for liability, housing and building codes, and rent control.

What to Expect as an Airbnb host in San Francisco:

Airbnb hosting can have its own risks and rewards. Owning a property under a mortgage loan is an ideal option instead of renting a property. This is because rent costs in San Francisco can be more expensive! The city is known as the third most expensive city to rent in the USA. Besides, San Francisco is one of the best areas for Airbnb in California.

Here’s what you can expect from hosting an Airbnb in San Francisco:

Oversaturated market

There can be tight competition if you choose an area with plenty of existing Airbnbs. Depending on the property’s location, it’s ideal to look for one that’s not too saturated. It can be difficult to promote and pitch your Airbnb and have lesser bookings!

Hosting Diverse Guests

San Francisco is known for its cultural diversity. And being an Airbnb host will be a gift that you can take advantage of! You can expect to host various international & local guests in your property. In fact, according to Airbtics, the top-ranking guests in San Francisco are from Germany. Hosting diverse guests is an exciting journey as you learn a thing or two and build connections.

Airbnb Profitability: average daily rate, annual revenue, & seasonality

So how much can you earn from doing Airbnb in San Francisco? Airbtics’ data shows that you can earn an annual revenue of $57,059 for operating a 1-bedroom apartment in San Francisco. The following Airbnb data was also discovered:

- Average Airbnb daily rate in San Francisco: $215
- Average occupancy rate in San Francisco: 78%
- Seasonality: 44% (peak season in August)

Best Areas for Airbnb San Francisco Neighborhoods

Targeting the right location for Airbnb will determine your long-term profitability. Discover Airbnb San Francisco neighborhoods and their potential revenue based on the prices for 1-bedroom properties:

1. The Castro District

Home to the LGBTQ community, Castro District is one of the most visited neighborhoods in San Francisco. Tourists can enjoy plenty of cultural surroundings, enjoy the historic movie palace of San Francisco, and explore exciting restaurants. Check out the Airbnb data in Castro District:

Average Property Price for sale: $1.78 million
Average Property Price for rent: $2,900
Average Annual Revenue: $57,376
Gross Rental Yield: 5.32%
Occupancy Rate: 72%
Seasonality: 56%

2. Twin Peaks

If you’re looking to invest in a neighborhood with serene views of San Francisco, then Twin Peaks might be the best one for you! Travelers who want to have a view of Twin Peaks will be able to see the Bay Bridge, and downtown skyscrapers, and even enjoy a smooth hike. An Airbnb host can expect the following expenses and revenue in Twin Peaks:

Average Property Price for sale: $1,783,500
Average Property Price for rent: $3,391
Average Annual Revenue: $96,377
Gross Rental Yield: 5.40%
Occupancy Rate: 86%
Seasonality: 33%

3. Mission

This neighborhood is popular for its Mexican community – which means excellent Mexican cuisine! The Mission District also offers fine dining restaurants and vintage boutiques. One can certainly enjoy walking by Dolores park and enjoying the murals at Clarion Alley. Here’s what you can expect by being an Airbnb host in Mission District:

Average Property Price for sale: $1,350,000
Average Property Price for rent: $2,800
Average Annual Revenue: $43,941
Gross Rental Yield: 3.25%
Occupancy Rate: 84%
Seasonality: 39%

4. Fisherman’s Wharf

Fisherman’s Wharf is a perfect neighborhood for travelers with families. Since there are plenty of family-friendly outdoor activities, it’s certainly a pick for hosts who want to enjoy cruises and biking! There are also several excellent waterfront restaurants and shopping centers that tourists can indulge in. Check out the Airbnb profitability in Fisherman’s Wharf:

Average Property Price: $1,034,000
Average Property Price for rent: $2,604
Average Annual Revenue: $43,941
Gross Rental Yield: 4.24%
Occupancy Rate: 84%
Seasonality: 39%

5. Chinatown

Chinatown is one of the most visited neighborhoods in San Francisco. Known for its cultural diversity, tourists can enjoy several attractions in this area. From visiting Buddhist temples to exploring dim sum and boba restaurants, Chinatown is a definite must-see! Here’s what you can expect to be an Airbnb host in Chinatown:

Average Property Price: $905,000

Average Property Price for rent: $3,500

Average Annual Revenue: $29,612

Gross Rental Yield: 3.27%

Occupancy Rate: 37%

Seasonality: 73%

Summary

Since you have a brief idea of the best areas to start an Airbnb in San Francisco, don’t stop your research here! There are several other neighborhoods that you can explore that can bring the most profit to the Airbnb business.

In summary, Airbnb investments can be risky if market research is not done as the first step. 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.

Using an Airbnb profit calculator, you can save time and resources – and strategize based on accurate numbers.

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Data Rabbu: Reviews, Features, Pricing, and Alternatives

Post author By Robyn Peña
Post date January 31, 2023

data rabbu reviews

It’s important to use accurate data analytics tools in the short-term rental industry.

Regardless if you are a beginner or a pro in the industry, your decisions should be according to a reliable and comprehensive software tool.

There are several options available in the market known as the best short-term rental analytics tools. Yet, it’s important to gauge and compare each software’s features and pricing to make sure that it’s the best one for you. And that’s what we’ll cover in this article!

Here’s an example. Property investors and managers who used AirDNA in the past have negative reviews.

Some of the reviews state that their data is inaccurate and misleading.

The good news is that there are free and paid AirDNA alternatives that can help you make wiser investment decisions.

In this article, we’ll review Data Rabbu’s Airbnb analytics and describe its features. We’ll also present its data accuracy, pricing, alternatives, and public reviews.

What is Data Rabbu?

Data Rabbu is a property management platform that offers end-to-end property management services. If you are a real estate investor who needs assistance in purchasing profitable properties, Data Rabbu is highly recommended. Some of its features include estimating the return on investment, managing rental operations, and the like.

Since Data Rabbu only offers Airbnb data for listings in the USA, it is not recommended for those who want to discover Airbnb data in other countries.

Data Rabbu Short-Term Rental Deal Alerts

Data Rabbu has a paid subscription service called ‘Rabbu Short-Term Deal Alerts’ which aims to help property investors discover specific markets for investment in one click. Once subscribed, you will receive notifications via email or phone when there are new properties within your area that match your preference.

Rabbu’s Marketplace tool is also helpful for those who have no properties yet or would like to create a new investment portfolio. This tool specifically assists investors to have an overview of on and off markets. Using filters such as location, purchase price, cap rate, property types, and the like – you’ll discover STR analysis and metrics and be able to make a proper decision.

Rabbu’s marketplace also offers an Airbnb calculator which presents sales prices, cash-on-cash return, gross yield, and potential revenue. It can also be adjusted according to your financial projections including loans, recurring expenses, and initial costs.

Data Rabbu Pricing: How Much Does it Cost?

According to their website, Data Rabbu pricing for property acquisition software is priced at $99 per month or $990 per year when paid annually.

On the other hand, for a full-service of short-term rental property management, Data Rabbu’s fees may vary according to your market & portfolio. It’s also possible to get custom pricing from Data Rabbu by reaching out to their customer support team.

Here’s a brief comparison of Data Rabbu’s alternatives and their pricing:

Short Term Rental Analytics Providers	Standard Plan Pricing
Data Rabbu	$99 per month
Airbtics	$149 for 5 markets per month
AirDNA	$499.75 for 5 markets per month
All The Rooms	$245 for 5 markets per month
Mashvisor	$495 for 5 markets per month
See Transparent	$1,245 for 5 markets per month

*market can be a zip code, neighborhood, or city.

Overall, Rabbu and Mashvisor’s data depth are both lower compared to Airbtics. Since Rabbu offers property management services and Mashvisor offers basic data services, it makes sense why they can provide these services at such a low cost.

Let’s face the fact that it is difficult to gauge one city’s profitability by looking at a single market alone. So if you are looking to invest in a market – it’s highly recommended to look at the top 5 markets, make a comparison for each, run the numbers, and make a wise investment decision.

The good news is that Airbtics is designed to help you with that! As a specialized data company, it provides the most accurate results and is ideal for those who want to base their decisions on high-quality data.

To sum it up, choosing 2-5 good markets is more than enough. Once you have a preferred area to start an investment, you should consider the major factors including where you reside and work. Compared to other STR Analytics providers in the market, Airbtics provides the most affordable costs to explore 5 markets.

Is Data Rabbu Accurate?

Since Data Rabbu focuses on engaging with real estate investors who are looking forward to purchasing STR properties like hotels & condos for Airbnb purposes, its data accuracy cannot be guaranteed. Although it presents a property’s daily rates & occupancy rates, one can certainly not guarantee its accuracy. Let’s take a look at some reviews left by Airbnb hosts from Reddit and BiggerPockets forums:

Data Rabbu Calculator: Airbnb Analytics Free

In order for a property investor to have an overview of a property’s potential profitability, using a reliable Airbnb income calculator is an important tool that should be used. Simply put, looking at a property’s revenue projection will highly affect a property investor’s decision-making process – and it boils down to whether it will be profitable or not.

According to Data Rabbu’s Airbnb Calculator, some of the features of their revenue estimates include the following:

Annual Seasonalized Revenue
Average Daily Rate
Occupancy Rate
Seasonality Chart
RevPAN (Revenue per Available Night)
Comparables

Upon checking Data Rabbu’s calculator, we came up with the impression that since it focuses on property management services, the data software can be too complicated to use for first-timers. In comparison to other STR analytics companies like Airbtics that focus on analyzing short-term rental markets, it presents a more comprehensive dashboard that’s easy to use.

Data Rabbu Reviews: Airbnb Analytics for Hosts

While short-term rental analytics are built to make an Airbnb host & property investor’s business on point, it could be a difficult task to find a reliable tool. Fortunately, reviews speak a lot louder!

If you want to try using Data Rabbu’s services, here are some of the reviews that you should know about according to a forum on Bigger Pockets & Reddit.

.
“Rabbu Pros & Cons:
Cons – revenue average even after looking at the top 75th percentile seems to underestimate real-world STR performance. Might have to do with their software taking all comps nearby despite several not really being made available 365.
Pros – quickly pull nearby comps to get a visual idea of the top performing properties and what numbers to expect (by ignoring outliers in the mix).”
– Posted by Josh Green on STR Analysis: Rabbu vs AirDNA

Conclusion

In summary, Data Rabbu can be a useful tool for real estate investors who want to discover and analyze short-term rental properties in the USA market. In order to ensure that it’s the best investment decision, it’s highly recommended to try a reliable Airbnb analytics platform like Airbtics and get a thorough analysis.

Airbtics vacation rental data includes various different measurements, such as average daily rate (ADR), historical occupancy rate, the number of listings in a particular area, guest demographics, revenue reports, and more.

The Airbnb analytics (free) included in our dashboard can be used for different purposes, depending on your personal business needs. Whether you are a rental property investor, a host management software company, or a member of a tourism board, our rental data analytics dashboard has everything you need for success!

Find out how much profit you can earn TODAY:
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Airbnb Data: Occupancy Rates by Zipcode

Post author By Robyn Peña
Post date January 26, 2023

Airbnb data by zipcode

Airbnb occupancy rate is one of the important metrics to gauge a property’s success. This refers to the number of days that a property is booked by guests in a particular calendar year.

If you’re looking for ways to find the best Airbnb occupancy rate by zipcode, we have it here! In this article, we featured 5 states in the USA and ranked the cities with the highest and lowest occupancy rates based on accurate numbers. Continue reading to learn more!

What is Airbnb Occupancy Rate?

One of the most important performance indicators of an Airbnb property is the occupancy rate. Several Airbnb occupancy rates by city vary from one place to another and are constantly changing.

These figures are important to properly understand which markets are best for investment. According to Airbtics, the city with the highest occupancy rates in Florida is Kissimmee. With a solid 84%, you can distinguish that this city receives the most bookings.

However, you should also consider other Airbnb metrics such as occupancy rates, average daily rate, seasonality, property types, and amenities among others.

If you’re looking for Airbnb data by zipcode, Airbtics has this service! Check out and download the sample Airbnb data by city here. It can also be extracted in a zip code level:

Airbnb Occupancy Rates by Zipcode

Here are the highest and lowest Airbnb data by zipcodes in Florida, California, Texas, Arizona, and New York:

1. FLORIDA

Florida’s sunny weather and fascinating coastlines have definitely attracted returning tourists from across the globe. Here are the top 10 cities in Florida ranked from the highest and lowest occupancy rates with zipcodes:

City in Florida	Occupancy Rate	Zip codes
1. Kissimmee	84%	34741 - 34759
2. Sarasota	83%	34231 - 34249
3. Fort Lauderdale	77%	33301 - 33394
4. Jacksonville	73%	32202 - 32277
5. Tampa	71%	33602 - 33664
6. Miami	69%	33101 - 33206
7. Key West	69%	33040 - 33045
8. Naples	67%	34102 - 34120
9. Four Corners	67%	33896 - 34787
10. Orlando	54%	32801 - 32899

Kissimmee (34741 – 34759)
Airbnb Occupancy Rate: 84%
Average Daily Rate: $98
Annual Revenue: $35,464
Peak Season: March
Sarasota (34231 – 34249)
Airbnb Occupancy Rate: 83%
Average Daily Rate: $187
Annual Revenue: $65,481
Peak Season: March
Fort Lauderdale (33301 – 33394)
Airbnb Occupancy Rate: 73%
Average Daily Rate: $174
Annual Revenue: $49,713
Peak Season: March
Jacksonville (32202 – 32277)
Airbnb Occupancy Rate: 73%
Average Daily Rate: $174
Annual Revenue: $49,713
Peak Season: March
Tampa (33602 – 33664)
Airbnb Occupancy Rate: 71%
Average Daily Rate: $143
Annual Revenue: $40,872
Peak Season: February
Miami (33101 – 33206)
Airbnb Occupancy Rate: 69%
Average Daily Rate: $180
Annual Revenue: $46,314
Peak Season: March
Key West (33040 – 33045)
Airbnb Occupancy Rate: 69%
Average Daily Rate: $419
Annual Revenue: $112,721
Peak Season: March
Naples (34102 – 34120)
Airbnb Occupancy Rate: 67%
Average Daily Rate: $255
Annual Revenue: $70,844
Peak Season: March
Four Corners (33896 – 34787)
Airbnb Occupancy Rate: 67%
Average Daily Rate: $136
Annual Revenue: $36,529
Peak Season: July
Orlando (32801 – 32899)
Airbnb Occupancy Rate: 54%
Average Daily Rate: $115
Annual Revenue: $27,828
Peak Season: February

2. CALIFORNIA

Popular as the home of actors in Hollywood, California has a large economy with several beaches and tourist destinations such as Disneyland. Here are the top 10 cities in California ranked from the highest and lowest occupancy rates with zipcodes:

City in Calidornia	Occupancy Rate	Zip codes
1. Santa Barbara	84%	93101 - 93190
2. Yosemite	84%	95389
3. San Francisco	80%	33301 - 33394
4. Long Beach	79%	90745 - 90899
5. Los Angeles	76%	94101 - 94188
6. San Diego	75%	34102 - 34120
7. Sacramento	62%	94203 - 94299
8. San Jose	61%	95103 - 95196
9. Palm Springs	59%	92258 - 92292
10. Fresno	30%	34231 - 34249

Santa Barbara (93101 – 93190)
Airbnb Occupancy Rate: 84%
Average Daily Rate: $269
Annual Revenue: $91,062
Peak Season: July
Yosemite (95389)
Airbnb Occupancy Rate: 84%
Average Daily Rate: $239
Annual Revenue: $77,168
Peak Season: July
Sacramento (94203 – 94299)
Airbnb Occupancy Rate: 62%
Average Daily Rate: $125
Annual Revenue: $30,286
Peak Season: July
San Jose (95103 – 95196)
Airbnb Occupancy Rate: 61%
Average Daily Rate: $125
Annual Revenue: $30,286
Peak Season: July
Long Beach (90745 – 90899)
Airbnb Occupancy Rate: 79%
Average Daily Rate: $159
Annual Revenue: $49,431
Peak Season: July
Palm Springs (92258 – 92292)
Airbnb Occupancy Rate: 59%
Average Daily Rate: $413
Annual Revenue: $85,254
Peak Season: March
Los Angeles (90001 – 90189)
Airbnb Occupancy Rate: 76%
Average Daily Rate: $148
Annual Revenue: $41,749
Peak Season: July
San Francisco (94101 – 94188)
Airbnb Occupancy Rate: 80%
Average Daily Rate: $144
Annual Revenue: $44,190
Peak Season: July
Fresno (93701 – 92199)
Airbnb Occupancy Rate: 30%
Average Daily Rate: $139
Annual Revenue: $21,318
Peak Season: January
San Diego (92101 – 34120)
Airbnb Occupancy Rate: 75%
Average Daily Rate: $238
Annual Revenue: $65,904
Peak Season: July

3. TEXAS

Known as the second largest state in America, Texas is popular for its live music, hot temperature, and distinct culture. Here are the top 10 cities in Texas ranked from the highest and lowest occupancy rates:

City in Texas	Occupancy Rate	Zip codes
1. Irving	74%	75014 - 75064
2. Austin	72%	78701 - 78799
3. Frisco	71%	75033 - 75036
4. Fort Worth	66%	76101 - 76199
5. Plano	62%	75023 - 75093
6. Dallas	61%	75201 - 75398
7. San Antonio	59%	78201 - 78299
8. El Paso	56%	799901 - 88595
9. Corpus Christi	48%	78401 - 78480
10. Houston	47%	77003 - 77299

Irving (75014 – 75064)
Airbnb Occupancy Rate: 74%
Average Daily Rate: $92
Annual Revenue: $28,526
Peak Season: July
Austin (78701 – 78799)
Airbnb Occupancy Rate: 72%
Average Daily Rate: $176
Annual Revenue: $46,767
Peak Season: March
Frisco (75033 – 75036)
Airbnb Occupancy Rate: 71%
Average Daily Rate: $140
Annual Revenue: $34,267
Peak Season: September
Fort Worth (76101 – 76199)
Airbnb Occupancy Rate: 66%
Average Daily Rate: $124
Annual Revenue: $31,585
Peak Season: August
Plano (75023 – 75093)
Airbnb Occupancy Rate: 62%
Average Daily Rate: $171
Annual Revenue: $36,500
Peak Season: July
Dallas (75201 – 75398)
Airbnb Occupancy Rate: 61%
Average Daily Rate: $127
Annual Revenue: $30,380
Peak Season: July
San Antonio (78201 – 78299)
Airbnb Occupancy Rate: 59%
Average Daily Rate: $134
Annual Revenue: $30,784
Peak Season: July
El Paso (799901 – 88595)
Airbnb Occupancy Rate: 56%
Average Daily Rate: $89
Annual Revenue: $19,219
Peak Season: July
Corpus Christi (78401 – 78480)
Airbnb Occupancy Rate: 48%
Average Daily Rate: $180
Annual Revenue: $36,166
Peak Season: July
Houston (77003 – 77299)
Airbnb Occupancy Rate: 47%
Average Daily Rate: $113
Annual Revenue: $21,704
Peak Season: March

4. ARIZONA

Arizona is mostly known for its iconic landmark, the Grand Canyon, and its rich history. Here are the top 10 cities in Arizona ranked from the highest and lowest occupancy rates:

City in Arizona	Occupancy Rate	Zip codes
1. Flagstaff	74%	86001 - 86011
2. Chandler	72%	85224 - 85249
3. Gilbert	71%	75033 - 75036
4. Yuma	71%	85364 - 85369
5. Tempe	70%	85280 - 85289
6. Scottsdale	69%	85250 - 85266
7. Tucson	68%	85701 - 85777
8. Phoenix	67%	85001 - 85099
9. Glendale	59%	85301 - 85318
10. Sedona	53%	86336 - 86351

Flagstaff (86001 – 86011)
Airbnb Occupancy Rate: 80%
Average Daily Rate: $164
Annual Revenue: $51,232
Peak Season: March
Chandler (85224 – 85249)
Airbnb Occupancy Rate: 73%
Average Daily Rate: $120
Annual Revenue: $40,265
Peak Season: March
Gilbert (75033 – 75036)
Airbnb Occupancy Rate: 72%
Average Daily Rate: $123
Annual Revenue: $39,401
Peak Season: March
Yuma (85364 – 85369)
Airbnb Occupancy Rate: 71%
Average Daily Rate: $156
Annual Revenue: $39,631
Peak Season: July
Tempe (85280 – 85289)
Airbnb Occupancy Rate: 70%
Average Daily Rate: $125
Annual Revenue: $37,742
Peak Season: March
Scottsdale (85250 – 85266)
Airbnb Occupancy Rate: 69%
Average Daily Rate: $142
Annual Revenue: $44,880
Peak Season: March
Tucson (85701 – 85777)
Airbnb Occupancy Rate: 68%
Average Daily Rate: $98
Annual Revenue: $28,783
Peak Season: February
Phoenix (85001 – 85099)
Airbnb Occupancy Rate: 67%
Average Daily Rate: $123
Annual Revenue: $36,560
Peak Season: March
Glendale (85301 – 85318)
Airbnb Occupancy Rate: 59%
Average Daily Rate: $210
Annual Revenue: $60,513
Peak Season: July
Sedona (86336 – 86351)
Airbnb Occupancy Rate: 53%
Average Daily Rate: $170
Annual Revenue: $36,209
Peak Season: March

5. NEW YORK

New York is mostly known for some of its popular tourist destinations such as Times Square, The Statue of Liberty, and Central Park among others. Here are the top 10 cities in New York ranked from the highest and lowest occupancy rates:

City in New York	Occupancy Rate	Zip codes
1. New York City	86%	10259
2. Brooklyn	85%	11201 - 11256
3. Buffalo	72%	14201 - 14280
4. Rochester	68%	14602 - 14694
5. Yonkers	66%	10701 - 10710
6. New Rochelle	66%	10801 - 10805
7. Syracuse	62%	13201 - 13290
8. Albany	60%	12201 - 12288
9. Cheektowaga	42%	14043 - 14215
10. Middletown	37%	10940 - 10943

New York City (10259)
Airbnb Occupancy Rate: 86%
Average Daily Rate: $170
Annual Revenue: $52,910
Peak Season: July
Brooklyn (11201 – 11256)
Airbnb Occupancy Rate: 85%
Average Daily Rate: $133
Annual Revenue: $40,646
Peak Season: July
Buffalo (14201 – 14280)
Airbnb Occupancy Rate: 72%
Average Daily Rate: $120
Annual Revenue: $32,773
Peak Season: July
Rochester (14602 – 14694)
Airbnb Occupancy Rate: 68%
Average Daily Rate: $126
Annual Revenue: $32,789
Peak Season: July
Yonkers (10701 – 10710)
Airbnb Occupancy Rate: 66%
Average Daily Rate: $99
Annual Revenue: $22,018
Peak Season: July
New Rochelle (10801 – 10805)
Airbnb Occupancy Rate: 66%
Average Daily Rate: $141
Annual Revenue: $30,280
Peak Season: July
Syracuse (13201 – 13290)
Airbnb Occupancy Rate: 62%
Average Daily Rate: $151
Annual Revenue: $31,868
Peak Season: August
Albany (85701 – 85777)
Airbnb Occupancy Rate: 73%
Average Daily Rate: $174
Annual Revenue: $49,713
Peak Season: March
Cheektowaga (14043 – 14215)
Airbnb Occupancy Rate: 83%
Average Daily Rate: $187
Annual Revenue: $65,481
Peak Season: March
Middletown(10940 – 10943)
Airbnb Occupancy Rate: 67%
Average Daily Rate: $255
Annual Revenue: $70,844
Peak Season: March

Takeaway

In summary, Airbnb investment in any city can be risky if market research is not done as the first step. As seen in this article, there can be several data that are crucial if the data source is inaccurate.

If you’re looking to purchase Airbnb data by zipcode, you can write an email to [email protected] with the subject: US Zipcode Data Purchase. Our team will reach out within 1 business day!

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Airbnb Data New York: Top 5 Areas to do Airbnb in NYC!

Post author By Robyn Peña
Post date January 26, 2023

Airbnb data new york

New York is undeniably a beautiful city with plenty of attractions, cafes, and even investment opportunities. It will not only satisfy your eyes with pristine sceneries – but also generate extra income with Airbnb!

Did you know that New York City welcomed about 56 million tourists in 2022 alone? According to City Guide New York, hotels and accommodations have reported great holiday sales numbers.

Investing in a property in New York City can certainly bring a good cash flow for Airbnb hosts. However, there was a recent rule in NYC that was implemented last January 9th, 2023. This new Airbnb Regulation in NYC states that all short-term rentals are required to register in the Mayor’s Office of Special Enforcement.

While there are more requirements to be a host in NYC, it’s best to consider your potential profitability first before moving forward. Analyzing the Airbnb data for your target neighborhood will help you decide if it’s worth investing in!

In this article, we’ll feature a free Airbnb NYC dataset and the most recommended areas for Airbnb in New York. Continue reading – we’re stoked to let you know more.

Reasons for Investing in New York City

Let’s imagine that New York City is one of your dream cities to live, work, and play in. It will be an even more inspiring journey knowing that you can earn a passive income by investing in a property! Check out the top three reasons why you should consider investing in this city:

1. High quality of Living & Diverse Culture

NYC is ranked as the first city across the globe that attracts capital, business, and tourists. So if you’re looking to cater to entrepreneurs, tourists, or young professionals – this might be the best city for investing! In relation to this, people who reside in this city can expect a high quality of living. As the most populous city in America, NYC has consistently been one of the hottest real estate markets.

2. Price Appreciation

One of the major benefits of real estate investment is when the value of a property increases – especially in New York City! Real estate in NYC is a good investment in the long run due to inflation and market conditions. Norada Real Estate Investments confirms that New York’s appreciation rate is 10.54%.

3. Leverage Investments

To make a fortune by investing in NYC, you have to use your ability to leverage investments! One of the most typical examples is buying a house with mortgage financing. You can limit your own investment by putting down a small percentage of the property’s value and sharing the risk with financial institutions. The good news is that there are plenty of mortgage lenders in NYC!

Instead of spending all your money on investing in a property that you intend for Airbnb, you will only need to deposit at least 20% as a down payment with the help of a mortgage. This means that your return can potentially be much higher than what it would be without leverage.

Where to Get Airbnb Data in New York?

There are three ways how to get Airbnb data – free and paid solutions, and the traditional technique. You can get free Airbnb data by using data scraping tools such as Apify or Scrapy, but this process is a lot more complicated for newbies.

As to the traditional way of getting Airbnb data, you will have to manually go through each listing in your target market and analyze their performance. Some of the most important Airbnb key metrics that you’ll need to collect are average daily rates, occupancy rates, and annual revenue among others. You’ll need to compare each market – and it is terribly time consuming. Even more crucial if the data is inaccurate!

The paid solution for getting Airbnb data is by subscribing to Airbnb data analytics tool. It does all the heavy lifting and time-consuming work! But most importantly, it presents accurate data for the success of your business.

It’s important to look and understand the data first before investing in a property in New York. This is a crucial step to identifying whether you’re making the best investment decisions. Let’s take a look at the Airbnb data in New York as seen on Airbtics:

Average Daily Rate in New York City: $252
Average Occupancy Rate in New York City: 70%
Annual Revenue in New York City (1-bedroom apartment): $57,359

Best Places to Airbnb in New York City:

Wondering where to Airbnb in New York? We’ve taken a close look at the 5 boroughs and distinguished their highest & lowest seasons:

1. Manhattan

The fascinating city of Manhattan attracts several tourists and business travelers. Known for some of its popular attractions such as the Times Square, One World Observatory, The Rockefeller Center, and many others. Here’s an overview of Airbnb data in Manhattan:

Annual Revenue (1-bedroom apartment): $74,826
Common Amenities Offered: Hot tub (6%) & pet-friendly spaces (20%)
Number of Airbnb Listings: 7,117
Highest Revenue (Peak Season): $7,552 in June
Lowest Revenue (Off-Season): $4,187 in February

2. Brooklyn

Brooklyn is not only a tourist’s fave spot – but many famous actors have also filmed their scenes in this borough. Particularly in Brooklyn Bridge and its several wondrous parks including Botanic Garden and Prospect Park. Check out the Airbnb data in Brooklyn:

Annual Revenue (1-bedroom apartment): $62,554
Common Amenities Offered: Pools (7%) & pet-friendly spaces (21%)
Number of Airbnb Listings: 6,410
Highest Revenue (Peak Season): $6,937 in October
Lowest Revenue (Off-Season): $3,313 in January

3. Bronx

Home of the New York Yankees, Bronx isn’t limited to baseball fans but also for those who love arts & nature! Some of the most visited attractions in Bronx include the Botanical Garden, Museum of the Arts, and Pelham Bay Park. Here’s the overview of Airbnb statistics in Bronx:

Annual Revenue (1-bedroom apartment): $30,660
Common Amenities Offered: Hot Tub (13%) & pet-friendly spaces (34%)
Number of Airbnb Listings: 800
Highest Revenue (Peak Season): $3,905 in July
Lowest Revenue (Off-Season): $1,078 in January

4. Staten Island

Staten Island is surrounded by rich cultural establishments and historical buildings. At the same time, one can certainly enjoy the vast green spaces! Popular attractions include Gulliver’s Gate, Jacques Marchais Museum of Tibetan Art, and Staten Island Zoo. Check out the Airbnb data in Staten Island:

Annual Revenue (1-bedroom apartment): $28,363
Common Amenities Offered: Flexible Cancellation Policy (34%) & pet-friendly spaces (22%)
Number of Airbnb Listings: 209
Highest Revenue (Peak Season): $3,348 in July
Lowest Revenue (Off-Season): $1,362 in January

5. Queens

Queens is best known for two of its major airports in New York City area including JFK and LaGuardia. This borough in NYC is also home to several attractions such as the Museum of Moving Image & Socrates Sculpture Park. But it’s also a tourist’s fave for its museums and restaurants. Take a look at the Airbnb statistics in Queens:

Annual Revenue (1-bedroom apartment): $34,927
Common Amenities Offered: Hot Tub (3%) & pet-friendly spaces (12%)
Number of Airbnb Listings: 877
Highest Revenue (Peak Season): $4,535 in July
Lowest Revenue (Off-Season): $200 in February

Summary

Getting your preferred city’s Airbnb data is an important part of successful investments. Particularly in New York City, since each neighborhood varies from one to another. New York has a lot of promising property investments that can generate long-term income, so it’s always best to discover these areas before it’s too late. Airbnb host NYC can expect more revenue with the help of Airbnb analytics tools & save precious time for research!

The markets in NYC can be quite competitive since there are several property investors eyeing on this area. Use an Airbnb profit calculator and make the best investment decisions!

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Airbnb Host Japan: Rules, Requirements, and Profitable Airbnb Cities in Japan

Post author By Robyn Peña
Post date January 26, 2023

Airbnb host Japan

If you were ever to visit an East Asian country, you surely wouldn’t want to miss Japan. Millions of tourists every year visit Japan for its cherry blossom trees, anime, and sushi boat restaurants among others. In fact, Airbnb revealed that plenty of tourists have Japan on their wishlists! The top searched destinations in Japan by global travelers in 2022 are Osaka, Tokyo, Shinjuku, Shibuya, and Fukuoka.

But if you are considering starting an Airbnb business, the question is: Is Airbnb legal in Japan?

In this article, we’ll feature the Airbnb rules in Japan and requirements for hosting. Bonus: We also added the top 5 profitable Airbnb cities in Japan for your guide! Continue reading to learn more.

Is Airbnb Legal in Japan?

Yes – Airbnb is legal in Japan! If you’re wondering, “is Airbnb legal in Tokyo or other cities?” – then the answer is also yes. Here is the list of requirements for being an Airbnb host in Japan:

Register your property & display a license number on the listing.
Submit a copy of your passport (for foreigners). This is not required for those who have a permanent residency card.
Local laws and regulations may vary depending on where your property is located. For more information, you can check Japan’s enforcement order.

How to become an Airbnb host in Japan?

Being an Airbnb host in Japan is easy if you are a Japanese national. All you have to do is register your property at the local city hall and report all your guests’ information once every two months. However, it can be a different process for foreigners. Let’s not forget – if you don’t speak Japanese, it can be a major challenge to host an Airbnb in Japan.

Other foreigners who own Airbnbs in Japan had to go through agencies and their local embassy. If you have a few friends in Japan, they may be able to help you communicate with locals and fill out certain forms!

What to Expect When Hosting an Airbnb in Japan?

Some Airbnb Japan rules can be frustrating if you’re a foreigner. As an Airbnb host in Japan, you are capped at 180 days out of a year. But there are also exceptions! You can apply for a Special Zone Private Lodging certificate if your property is located in special zone areas. You will NOT be capped for 180 days a year, but your guests are required to stay a minimum of two nights at a time.

If your property is within the Special Zone areas, this means that your location is mostly visited by tourists. Therefore, it’s considered an important area by the Japanese government! Some parts of Osaka, Tokyo, Niigata, and Kyushu are included in the special zone areas.

At the same time, you can also expect to host various international & local guests from across the world. It can be difficult to converse with Japanese locals, so you might also consider learning their language.

Superhost pro tip: It’s helpful to print a local map for international guests so they can know their way around! This can include the top recommendations for tourist destinations, restaurants, and coffee shops.

How much can I earn to do Airbnb in Japan?

Let’s get to the money talks. How much revenue can you earn by doing Airbnb in Japan? This varies according to your location, property type, and amenities offered among others.

To be more specific, we cited Tokyo as an example. Here’s how much an Airbnb host in Tokyo can earn:

Airbnb data for Studio-type apartment:
Average daily rate in Tokyo: $76
Occupancy rate in Tokyo: 20%
Annual revenue in Tokyo: $6,590
Airbnb data for 1-bedroom apartment:
Average daily rate in Tokyo: $71
Occupancy rate in Tokyo: 38%
Annual revenue in Tokyo: $10,935
Airbnb data for 2-3 bedrooms apartment:
Average daily rate in Tokyo: $115
Occupancy rate in Tokyo: 23%
Annual revenue in Tokyo: $11,164

Top 5 Most Profitable Airbnb Locations in Japan

1. Saitama

Average Property Price: ¥28,140,000 ($217,674)
Average Annual Revenue: ¥1,507,743 ($11,663)
Gross Rental Yield: 5.3%
Average Daily Rate: ¥9,178 ($71)
Occupancy Rate: 39%
Seasonality: 62%

2. Kyoto

Average Property Price: ¥34,190,000 ($264,473)
Average Annual Revenue: ¥992,708 ($7,679)
Gross Rental Yield: 2.9%
Average Daily Rate: ¥11,376 ($88)
Occupancy Rate: 22%
Seasonality: 74%

3. Osaka

Average Property Price: ¥30,000,000 ($232,062)
Average Annual Revenue: ¥700, 286 ($5,417)
Gross Rental Yield: 2.3%
Average Daily Rate: ¥8,402 ($65)
Occupancy Rate: 86%
Seasonality: 74%

4. Nagasaki

Average Property Price: ¥20,440,000 ($158,111)
Average Annual Revenue: ¥914,626 ($7,075)
Gross Rental Yield: 4.4%
Average Daily Rate: ¥302
Occupancy Rate: 41%
Seasonality: 57%

5. Okinawa

Average Property Price: ¥34,300,000 ($265,324)
Average Annual Revenue: ¥1,197,093 ($9,260)
Gross Rental Yield: 3.4%
Average Daily Rate: ¥9,049 ($70)
Occupancy Rate: 30%
Seasonality: 60%

Summary

Now that you have a complete overview of how Airbnb hosts operate in Japan, it’s time to take the business to the next step and make more money! Using an Airbnb analytics tool like Airbtics, you can discover profitable properties and predict your profitability with an Airbnb profit calculator.

This will help you leverage your Airbnb business – no matter which city you choose. By looking at your competitors’ performance, anticipating off-seasons, and knowing your potential revenue – you’re off to a successful start.

Try using an Airbnb income calculator now and stand out among the rest!

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Blog posts Case studies & Insights Investment

Top 10 Most Profitable Airbnb Cities in Australia

Post author By Robyn Peña
Post date January 26, 2023

Most profitable Airbnb locations Australia

Australia is undeniably one of the global destinations visited by most tourists. Particularly during the summertime! Not only does it offer pristine beachfront areas, but also lakefront, camping sites, cabins, and many others.

In fact, Airbnb News recently revealed the most-searched beach areas in Australia. They even stated that now, during the winter time in January, is the perfect time to become a host and earn a side income!

In this article, we’ll take a look at Airbnb data in Australia to help you make an informed investment decision. This includes potential annual revenue, seasonality, and Airbnb occupancy rates in Australia.

Bonus: we also added the top 10 most profitable Airbnb cities in Australia – continue reading to learn more!

Why Invest in Airbnb Properties in Australia?

Some of the favorite attractions in Australia are Sydney Opera House, Harbour Bridge, and Bondi Beach among others. Investing in a property is an exciting journey, but it’s important to look at facts too. Here’s why we recommend investing in Airbnb properties in Australia:

1. Offers Undervalued Properties

There are several undervalued properties in Australia that are excellent for Airbnb.

For instance, Perth has the most undervalued properties in all Australian capital cities based on Investor Kit. The median property price in Perth costs A$510,000. This is 64% less than the maximum price that a local household can afford.

Buying an expensive property in a high-revenue market can take more than 10 years for your investment to recoup. It’s important to find undervalued properties for Airbnb if you want to generate a good return. And the good news is Australia offers undervalued properties for your Airbnb!

2. Economic stability

Australia is a highly developed country with low unemployment rates & accessible transportation. There is also a notable high demand for rental properties. Particularly because of young professionals and entrepreneurs working within the city centers.

Investing in a property in Australia can be a perfect source of income for Airbnb hosts. Primarily because of its stable and flourishing economy.

3. Excellent Source of Passive Income

Investing in Airbnb properties in Australia can definitely be a great source of income. This is why more and more Airbnb hosts join the community each year!

Airbnb properties can generate more money than traditional renting. This is because you can adjust your prices per night according to seasonality, demand, local events, and others.

According to Airbtics, an Airbnb host in Australia can expect the following:

- Average Airbnb occupancy rate in Australia: 53%
- Average Daily Rate Australia: A$278
- Average Annual Revenue Australia: A$48,760

Top 10 Most Profitable Airbnb Cities in Australia

Before you invest in a particular city or neighborhood, it’s best to make a comparison first! This will help you gauge the budget and meet your financial goals. Discover Airbnb data Australia:

1. Sydney, New South Wales

Known as the capital of New South Wales, Sydney has certainly impressed millions of people around the world. With over 2.2 million tourist arrivals in 2022, this city will not disappoint! Airbnb hosts can expect the following when investing in a property in Sydney:

Average Property Price (1-bedroom property): A$737,500
Average Annual Revenue in Sydney: A$57,168
Gross Rental Yield: 7.75%
Average Daily Rate in Sydney: A$252
Occupancy Rate in Sydney: 61%
Seasonality: 51%

2. Melbourne, Victoria

Melbourne is home to Australia’s major sports and cultural events. Because of its rich history and top-notch universities, this city has become more of a favorite tourist destination. Check out the Airbnb data in Melbourne:

Average Property Price (1-bedroom property): A$542,000
Average Annual Revenue in Melbourne: A$51,875
Gross Rental Yield: 9.57%
Average Daily Rate in Melbourne: A$212
Airbnb Occupancy Rate Melbourne: 67%
Seasonality: 33%

3. Brisbane

If you’re looking to experience authentic Australian adventure, Brisbane is one of the best cities to go to! Its world-renowned Australia Zoo and City Botanic Gardens will certainly not disappoint. Here’s what you can expect if you invest in a property in Brisbane:

Average Property Price (1-bedroom property): A$325,000
Average Annual Revenue in Brisbane: A$48,880
Gross Rental Yield: 15.04%
Average Daily Rate in Brisbane: A$209
Occupancy Rate in Brisbane: 63%
Seasonality: 52%

4. Adelaide

If you are looking for a vibrant city life with multi-cultural cuisine, Adelaide is the best city for this! This city also offers pristine beach areas and fun outdoor activities that most tourists would dig into. Discover the Airbnb statistics in Adelaide:

Average Property Price (1-bedroom property): A$375,000
Average Annual Revenue in Adelaide: A$57,451
Gross Rental Yield: 15.32%
Average Daily Rate in Adelaide: A$190
Occupancy Rate in Adelaide: 82%
Seasonality: 29%

5. Perth

Aside from the fact that there are several undervalued properties in this city, Perth can offer so much more! This city is surrounded by Australia’s most fascinating nature. Known for being the most isolated capital in the world, Perth still offers bright and sunny weather. Here’s what you need to know when investing in a property in Perth:

Average Property Price (1-bedroom property): A$370,000
Average Annual Revenue in Perth: A$45,760
Gross Rental Yield: 12.36%
Average Daily Rate in Perth: A$135
Occupancy Rate in Perth: 87%
Seasonality: 30%

6. Darwin

Darwin is the capital of Australia’s Northern Territory and is one of the fastest growing economies in the country. From museums and art galleries to beachfront areas, this city is a crowd favorite! Based on Airbtics, this city has the highest annual revenue of A$67,443 for a 1-bedroom property alone. Check out the Airbnb data in Darwin:

Average Property Price (1-bedroom property): A$430,000
Average Annual Revenue in Darwin: A$67,443
Gross Rental Yield: 15.68%
Average Daily Rate in Darwin: A$220
Occupancy Rate in Darwin: 69%
Seasonality: 82%

7. Gold Coast, Queensland

Gold Coast is a favorite summer destination for most local & international tourists. Because of its theme parks and peaceful beach areas, this city has attracted more than 4.2 million visitors yearly. Before investing in a property in Gold Coast, here’s what you can expect:

Average Property Price (1-bedroom property): A$529,500
Average Annual Revenue in Gold Coast: A$53,651
Gross Rental Yield: 10.13%
Average Daily Rate in Gold Coast: A$200
Occupancy Rate in Gold Coast: 74%
Seasonality: 43%

8. Newcastle, New South Wales

Looking for a gateway to the Hunter Valley? Newcastle is the second-largest city in NSW and has several cafes and restaurants that digital nomads can enjoy. Discover what you can earn in Newcastle with the Airbnb data below:

Average Property Price (1-bedroom property): A$695,000
Average Annual Revenue in Newcastle: A$53,669
Gross Rental Yield: 7.72%
Average Daily Rate in Newcastle: A$220
Occupancy Rate in Newcastle: 67%
Seasonality: 34%

9. Cairns, Queensland

Cairns is best known for exploring Australian nature. From waterfalls, rainforests, to snorkeling – this city has you covered! Most of the tourists and students visiting Cairns are up for discovering the Great Barrier Reef. Here’s what you need to know before investing in a property in Cairns:

Average Property Price (1-bedroom property): A$399,500
Average Annual Revenue in Cairns: A$45,289
Gross Rental Yield: 11.33%
Average Daily Rate in Cairns: A$155
Occupancy Rate in Cairns: 77%
Seasonality: 62%

10. Sunshine Coast, Queensland

Known for being one of the most popular holiday destinations in Australia, Sunshine Coast is truly a tourist favorite! This region has the most pristine natural environments and offers a laid-back environment. Check out the Airbnb data in Sunshine Coast:

Average Property Price (1-bedroom property): A$650,000
Average Annual Revenue in Sunshine Coast: A$
Gross Rental Yield:
Average Daily Rate in Sunshine Coast: A$302
Occupancy Rate in Sunshine Coast: 68%
Seasonality: 30%

Takeaway

Each neighborhood in the following Australian cities has various property prices and profitability. Therefore, if you want to explore other areas, you definitely can! With the help of an Airbnb profit calculator, you can discover profitable properties and make informed decisions.

Now more than ever is the best time to take advantage of Airbnb analytics tools to leverage your game in the short-term rental industry. Choose to stand out among the rest and try Airbtics!

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Blog posts Case studies & Insights Investment

A Case Study: Property Sourcing for Best Airbnb Investment

Post author By Robyn Peña
Post date January 25, 2023

Best Airbnb Investment

Before buying an Airbnb property, it’s important to do your research and conduct property sourcing. While most investors ask for help from real estate agents, their knowledge can be limited to a specific area only.

If you want to know how to look for a good STR investment – this article will guide you through this process!

In this blog, we’ll feature an actual case study from an Airbtics client who has successfully found a profitable property for Airbnb. Continue reading to learn more.

Client: Partnership investors who are interested in property investment. Particularly studio-types, and 1-2 bedroom properties in the following locations:
- Granada, Valencia, and Seville (Spain)
- Figueira da Foz and Ericeira (Portugal)
Client’s Goal:
The goal is to buy 2 properties with a budget of €140,000. Airbtics’ property sourcing team aligned with this goal by maximizing the monthly cash flow within the budget range.

Airbtics Approach for Property Sourcing

The team of data analysts & real estate experts explored various properties to meet the client’s goals in order to source the best investment property.

In the selection process, they were able to identify the top 20 properties – narrowed down to the 7 best options for Airbnb (any two-combination fit their budget). This is so that the client can easily pick their preferred deal!

All the filtered properties were sent for the client’s feedback and made sure that they achieved a gross rental yield greater than 25%. This guarantees a high cash-return rate during the first year of operating as an Airbnb property.

Expert Recommendations:
We sourced different investment properties for the client and found 5 excellent property investment deals based on their budget and preferences. The client achieved a profit of €4,500 monthly gross revenue.

Airbtics Recommendations:

1. Valencia

Situation: shortage of short-term rentals. The properties found in Valencia are nearby Jesus area and do not require a lot of renovation.
Purchase: 3-bedroom apartment in Valencia – €80,000
Annual revenue according to Airbtics – €36,000
Occupancy rate: – 82%
Average nightly rate: – €113

2. Almeria

Situation: No seasonality and the median occupancy rate is above 50%. The properties are close to the downtown and beach areas.
Purchase: 2-3 bedroom apartment in Almeria – €55,000
Annual revenue according to Airbtics – €19,000
Occupancy rate: – 64%
Average nightly rate: – €84

Property Sourcing

To find the best property for Airbnb, you will need the help of data analysts and real estate experts in the industry. The common goal is to find high-return Airbnb investment opportunities according to your budget and preferences!

Investing in real estate for Airbnb can be a tedious task and may fail if done inaccurately. There are several Airbnb good investment opportunities out there that you can take advantage of.

Airbtics offers investment sourcing services for FREE – exclusively for Enterprise subscription users. In this process, we have an outstanding team of data analysts and real estate professionals that can help you identify the best opportunities.

Advantages of Using Property Sourcing

1. Save Time for Research

Why waste your precious time on research when you can instantly leave the heavy lifting to experts? Using property sourcing services, you can trust that the information you get is accurate.

2. Ensure Higher Gross Rental Yield

There are several profitable properties out there, but what is their guarantee on cash-return? Property sourcing services help you achieve your financial goals. Airbtics’ target metrics for searching properties is to achieve GRY higher than 25% to guarantee high cash-return on the first year.

3. Receive Excellent Property Deals

It can be confusing to look at two property deals as there are various options for property investments. Airbtics property sourcing presents at least 5 property deals – all according to your preference and budget!

This way, it will be easier to compare each deal and choose the best among the rest.

Why Invest in Airbnb Properties in South Korea?

Is Airbnb legal in South Korea?

Airbnb Occupancy Rates in South Korea: The 20 Most Profitable Cities

1. Seongnam

2. Jeju City

3. Seoul

4. Seogwipo

5. Suwon

6. Busan

7. Gangneung

8. Pyeongtaek

9. Daegu

10. Chungju

11. Daejeon

12. Gyeongju

13. Hwaseong

14. Sokcho

15. Andong

16. Yeosu

17. Incheon

18. Ulsan

19. Tongyeong

20. Jeonju

Takeaway

What is Short Term Rental Financing?

Hard money loans

Conventional bank loans

Commercial rental-specific loans

Top 10 Short-Term Rental Lenders

1. Host Financial

2. Lima One Capital

3. American Heritage Lending

4. Strong Hill Capital

5. Coast 2 Coast Mortgage

6. KRAM Capital

7. Make A Beeline

8. VISIO Lending

9. RCN Capital

10. Tidal Loans

3 Expert Tips on Short Term Rental Loans

1. Speak with Mortgage Brokers & Lenders

2. Easy Approval for Short Term Rental Financing

3. Research for Great Investment Deals

Is Airbnb Profitable in Italy?

Studio-type apartment in Rome

1-bedroom apartment in Rome

2-bedroom apartment in Rome

♦ Airbnb Trends in Italy 2023

♦ Best Areas for Investment in Italy

1. Lake Como

2. Capri

3. Umbria

4. Lake Maggiore

Tips Before Investing in Airbnb in Italy

1. Research Profitable Neighborhoods & Best Property Types

2. Speak with local real estate agents

3. Plan a Budget and Predict the Profitability

Conclusion

How to become an Airbnb host in San Francisco?

What to Expect as an Airbnb host in San Francisco:

Oversaturated market

Hosting Diverse Guests

Airbnb Profitability: average daily rate, annual revenue, & seasonality

Best Areas for Airbnb San Francisco Neighborhoods

1. The Castro District

2. Twin Peaks

3. Mission

4. Fisherman’s Wharf

5. Chinatown

Summary

What is Data Rabbu?

Data Rabbu Short-Term Rental Deal Alerts

Data Rabbu Pricing: How Much Does it Cost?

Is Data Rabbu Accurate?

Data Rabbu Calculator: Airbnb Analytics Free

Data Rabbu Reviews: Airbnb Analytics for Hosts

Conclusion

Find out how much profit you can earn TODAY:BOOK a FREE DEMO with us!

What is Airbnb Occupancy Rate?

Airbnb Occupancy Rates by Zipcode

Find out how much profit you can earn TODAY:
BOOK a FREE DEMO with us!