9/12/2023 0 Comments Airdna costHost fees can range from 3 percent on Airbnb to 15 percent on, but it’s not an apple-to-apple comparison (we’ll dig deeper into individual platforms at a later point in this roadmap). We’ve compiled a list of some of the most overlooked costs associated with running a short-term rental business so you can make sure all your bases are covered. Before you head to Zillow to find your next rental property, be sure to factor costs including insurance, maintenance, taxes and furnishings into your calculations. Revenue is also growing, with AirDNA reporting a 30 percent increase in average daily rate compared to 2021.Īlthough the return-on-investment looks attractive on the surface, there are other costs that must be factored into a short-term rental budget. Market research from leading short-term rental data provider AirDNA shows that the short-term rental industry isn’t slowing down – demand is booming, meaning property managers can fill their calendars and charge more per night.ĪirDNA tracked more than 19 million nights booked in January, 41 percent higher than in January 2021 and 22 percent higher than in January 2020. Although the initial investment in property can be steep, the returns can be even higher. With real estate values continuing to climb, the short-term rental industry is an industry with a particularly high cost of entry. The old adage is true: Sometimes it takes money to make money.
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