Would you consider letting your investment property out on airbnb? Has anyone done any analysis to compare yield on traditional rentals vs airbnbn? If so please do share.
An easy google search revealed this https://www.finder.com.au/should-i-use-my-investment-property-for-airbnb
12% average with aribnbb vs 3% average traditional does not surprise me. However this kind of yield is probably only possible in areas with high volume of tourists.
Huh, I never really thought about how Air BnB could be such a big deal for people who are looking at investment properties. But, I imagine that adam1 is correct – if you’re investing in an area that people travel to a lot, then you’ll be a lot better off with an Air BnB than if you were in a less visited region. Think about the possibilities in the cities, though – you could really get a lot of traffic and get ahead on your investment pretty well, I would think. Has anyone tried it?
This is the sort of thing that I need to look into more. I read a pretty solid article on AirBnB investments in Australia, and this fellow actually put together a pretty comprehensive overview of what sort of a profit he was able to turn by making his investment property an AirBnB. I’d love to hear what you all think about this.