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

How to Manage My Subscription

This blog post will guide you through the process of adding or changing your payment card details, ensuring that your billing information is up-to-date and accurate. Follow these steps to manage your payment methods effectively.

Step-by-Step Guide to Add or Change Payment Details

1. Manage Your Subscription:

Click on “Manage Subscription” found in your billing statement.

2. Redirect to Stripe Billing:

You will be redirected to the billing section. Enter your registered email address and click “Send.” 

3. Check Your Email:

Go to your Gmail account and look for an email with a link to manage your payment method. The link will be active for 30 minutes. Click Log in to your customer portal to proceed.

4. Add a New Payment Method:

Click on “Add Payment Method” if you wish to add new card details

5. Enter New Card Details:

Input your new card information and click “Add.”

6. Update Payment Method:

Once your new card appears, you can set it as the default payment method and delete the old card.

7. Update Information:

Click on “Update Information” if you want to change the billing name and address for receipt purposes.

Conclusion

Updating your payment card details is quick and easy. Follow these steps to ensure your billing information is current and avoid any service interruptions. If you run into issues, customer support is available to help. Keeping your payment info up-to-date ensures a smooth subscription experience.
Categories
Support

How to Reset My Password

Forgetting your app password can be frustrating, but resetting it is a straightforward process. To change or reset your password on the Airbtics app.

Step-by-Step Guide to Reset Your Password

1. Open the Airbtics Website:

Start by navigating to the Airbtics website on your device. https://app.airbtics.com/

2. Select “Forgot Password”:

On the login page, locate and click the “Forgot Password” link. 

3. Enter Your Registered Email:

A new tab will open https://app.airbtics.com/reset-password. Enter the email address associated with your account in the provided field. 

4. Click “Reset Password”:

Confirm by clicking the “Reset Password” button. Your screen should display a confirmation message or instructions.

5. Check Your Email:

Go to your email account (such as Gmail) and look for an email with password reset instructions. The email will look similar to the example provided. 

5. Click the link provided in the email or paste it into your browser

Click the link in the email. A new tab or window will open, asking you to enter and confirm your new password.

Conclusion

By following these steps, you’ve now reset your app password and regained access to your account. If you run into any issues or need additional help, don’t hesitate to contact the app’s support team. For added security, choose a strong password and consider using a password manager to keep track of your credentials. We hope this guide has been helpful in making the password reset process straightforward and easy!
Categories
Support Tutorials

How to Find A Good Airbnb Property: 3 Easy Steps with Airbtics’ Discovery Tool

How to find a good Airbnb property

Airbnb property investment is a huge step toward achieving financial independence and building wealth. If you have ever spoken to an Airbnb host or met one during your travel, it will inspire you to become one. 

Aside from the fun you get from hosting and meeting various people, you also earn a steady income. In fact, Airbnb recently revealed that since hosts earned more than $1.5 billion last year, most of them are working harder to achieve the Superhost status. 

Although Airbnb investments can be rewarding and lucrative, it can also be risky to invest in the wrong location and suffer significant losses.

Worried about investing in the wrong areas? Or are you finding it difficult to filter the best ones? Perhaps you want to know where is Airbnb most profitable, or find the best Airbnb investment locations?

This article is the ultimate guide to show you how to find a good Airbnb property. We’ll feature three easy steps to find excellent properties for Airbnb using Airbtics’ discovery tool. Bonus: We also revealed the best places for investments. Continue reading to learn more!

How to Identify a Good Airbnb Investment?

Here are some of the major tips to look out for to identify whether a property is an excellent investment in the long run: 

  • High rental yield

To get the best returns out of your Airbnb real estate investment, it’s necessary to look at various options and compare. It’s ideal to choose high rental yield properties as they generate a steadier cash flow. This also gives you the opportunity to save and start your second investment in no time!

  • Upward Market trends History

Reviewing your preferred market’s historical performance data can help you understand the market’s trend. If it drastically changes in an upward trend, you can easily decide what to do next.

  • Unsaturated markets

When starting an Airbnb business, it’s best to target cities where the inventory isn’t as good. Competitors will always exist in each market, but investing in an oversaturated one will require more strategic techniques for your listing to stand out. At the same time, an oversaturated market will also force you to lower your prices to get more bookings.

  • Great demand in the market

Let’s face it – a market with consistently great demand will maintain high occupancy rates in your Airbnb. You can see how other listings are performing to understand whether the demand meets the supply and strategize your rental accordingly.

How much money do you need to buy an Airbnb property?

The approximate amount that you’ll need to buy an Airbnb property ranges from $3,000-$4,000. This includes the average mortgage payment (in the US), HOA fees, and insurance. However, this may vary according to the property type, location, and other amenities that you prefer for your listing. 

If you’re wondering how to find Airbnb properties to buy, you can take a look at prices from local real estate websites such as Zillow & Realtor. Although it’s highly recommended to visit the area yourself to get a complete idea of the market.

Airbnb host expenses include upfront and recurring costs for maintenance, electricity, water, heating, and cleaning supplies among others. This is where a budget sheet comes in handy for preparation.

But if you ask, how to buy Airbnb property with no money? Can I start Airbnb with no money? As impossible as it sounds, the answer is yes – you definitely can! Here are some of the interesting ways to start Airbnb with no money:

  • House hacking

House hacking is a creative way to generate income from your primary residence by living in one unit and renting out the others. It’s an ideal technique to start Airbnb without spending any money.

  • Rental arbitrage

Rental arbitrage is the process of renting out long-term properties and subleasing them on short-term rental platforms such as Airbnb. Unlike house hacking, rental arbitrage will not require you to own the property. Instead, you will sublease it with the landlord’s approval.

Three Easy Steps: How to Find The Best Airbnb Investment Locations?

Here’s how you can find a good Airbnb property in 3 easy steps using Airbtics’ Discovery Tool:

1. Go to the Discovery Tool Section

This tool answers every investor’s question, “where should I invest in?”. It presents accurate data points featuring properties for sale & Airbnb revenue within the selected area. 

How to find a good Airbnb property
2. Select up to 5 Areas to explore the most profitable locations

Are you looking to explore more than 2 areas? You can conveniently do so! Using the filter for each bedroom, distance, and market type, you’ll find the exact market that you’re looking for.

discovery tool
3. Compare the markets & make the best investment decision

Comparing markets has never been this easier. Once you selected 5 different areas, you can even export the data in an Excel sheet for your reference.

How to find a good Airbnb property
top 5 cities florida

Top 5 Best Airbnb Investment Locations in Florida

We recently discovered the following ideal Airbnb areas perfect for investment in Florida:

1. Deerfield Beach
  • Recommended number of bedrooms: 1 bedroom
  •  Gross rental yield: 40.12%
  • Airbnb Annual Revenue: $42,881
  • Distance from Florida: 127 miles
2. Jacksonville
  • Recommended number of bedrooms: 5 bedrooms
  • Gross rental yield: 30.77%
  • Airbnb Annual Revenue: $167,352
  • Distance from Florida: 178 miles
3. Daytona Beach
  • Recommended number of bedrooms: 2 bedrooms
  • Gross rental yield: 28.89%
  • Airbnb Annual Revenue: $65,247
  • Distance from Florida: 109 miles
4. Hollywood
  • Recommended number of bedrooms: 1 bedroom
  • Gross rental yield: 26.15%
  • Airbnb Annual Revenue: $52,716
  • Distance from Florida: 142 miles
5. Pompano Beach
  • Recommended number of bedrooms: 3 bedrooms
  • Gross rental yield: 25.67%
  • Airbnb Annual Revenue: $102,305
  • Distance from Florida: 130 miles

Learn how to use the Discovery Tool by watching this Youtube video:

Conclusion

If you’re looking for the best locations for Airbnb investment, you have the option to conduct manual research. You will need to go through each market that you’re considering for investment and take note of their performance, pricing, and revenue among others. 

Manual research can certainly be time-consuming and inaccurate, but you also have the option to use an Airbnb analytics tool like Airbtics. Built to help you find the best places for Airbnb investments, it will not disappoint when it comes to accurate data!

Now that you know how to find a good property for Airbnb, it’s time to try using an Airbnb profit calculator and stand out among the rest. 

Categories
Support Why Airbtics

Airbnb Rental Arbitrage Market Research 101

Here’s the objective of this blog: To build a property search filter to accurately identify high-return rental arbitrage properties repeatedly. Being able to identify the right opportunities will help you to achieve the ultimate financial freedom by scaling your Airbnb business. 

How long does it take to build such filters? It will take about 10 minutes for you to evaluate 5 neighborhoods and build filters. 

Any major cities with more than 1 million in population or with more than 2,000 Airbnb listings are a good place to start if you don’t know where to start. Here’s our list for those cities in the US, UK, Canada, Australia, and Spain. If you aren’t living in any cities with the above criteria, you still can get started, but you may encounter problems in scaling later on.

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

    Understanding the regulations 

    Different cities have different regulations, all of the above 150 cities are legally allowing to operate Airbnb business. However, you need to understand and master the rules and you need to plan the right approach. For instance, London (UK), only allows you to let out a residential property as a short-term rental for 90 days per calendar year. Tough! Still, there are a few ways to get around this – by renting it out as private rooms, filling the low season with mid-term bookings, and getting bookings from other channels.  

    You need the right mindset to start a business. There will be obstacles, but they should not stop you from building your Airbnb empire.

    Market Research – Neighborhood and Bedrooms

    The first step of your market research starts with identifying the average Airbnb (or short-term rental) revenues from various size and neighborhood combinations. For the explanation purpose, I will use the Bristol market as an example: BS1 (Bristol Downtown, UK) and BS8 (Clifton, UK).  

    Neighborhood

    Type of Bedrooms

    Average Rent Price (pcm)

    Airbnb Revenue

    Top 25%

    Rent – Revenue gap

    BS1

    1 bedroom

    £1,282

    £2,341

    £1,059

    BS1

    2-bedrooms

    £1,804

    £3,320

    £1,516

    BS1

    3-bedrooms

    £1,837

    £4,047

    £2,210

    BS8

    1-bedroom

    £1,039

    £2,517

    £1,478

    BS8

    2-bedroom

    £1,431

    £3,333

    £1,902

    BS8

    3-bedrooms

    £1,858

    £4,976

    £3,118

    The purpose of building this table is for you to understand which bedroom and neighborhood combination has good rental arbitrage opportunities on average. You can focus on areas with the big gap between average rent price and average Airbnb revenue. 

    How do you build this dataset? It is very simple. Go to our market research app, and search for your market, and click the “market overview” button. It’ll generate a CSV file with Airbnb revenue of different bedrooms in a click. You can repeat the process with a few zip codes or neighborhoods, then you will have a clear idea of what type of bedrooms and where are profitable. 

    *For average rent price, you can get the data from property websites like Zillow, or simply, find 5 properties for rent in that neighborhood and get the average.  

     

    how much can you make on airbnb

    Build a property search filter for rental arbitrage

    Now you have ideas on which areas have good profit potential. It’s time for you to build a property search filter. Creating this allows you to identify profitable properties at scale. 

    A property search filter has 3 criteria 1) rental price 2) location and 3) size. This is the filter you will use to find properties for rent. For the rental price, you should use the average rent price you used above, but you can adjust it depending on your situation. 

    Here is an example

    • A 3-bedroom apartment in BS8 for under £1850 per month. 

    Once you set the filter, you can go to Zillow, find all properties that match your criteria, and contact the owners to learn more about the properties before sending offers to them. These properties are supposed to give you a high return. 

    That’s it! 

    Airbtics

    Free Webinar

    Learn Airbtics in 7 Minutes

    Revenue and market analysis Tips and Best Practices!
    Airbnb Data
    Airbnb Data

    ARE YOU IN?

    Get Access to our weekly data-driven airbnb report!