Would you believe a $300,000 home could generate $5,000 a month in gross revenue? And that much of the work of maintaining your guest home can be automated?
I was intrigued when Boris from Build Your BNB reached out to me offering to write up a detailed account of he and his wife’s experiences as Airbnb hosts.
We’ve been using Airbnb for many years ourselves — whenever we’d travel to a new destination, we’d typically check to see what options are available through that platform first.
Everybody will typically have their own strategy for what properties they consider to be the right fit, so we want to share what a typical Airbnb property investment looks like for us.
We launched in January which is the slow season, so it took a little while for our numbers to ramp up. However, in our first full full year, we generated about $62,619 in gross revenue with about 90%+ occupancy rate.