( In my E-course, I will cover the more robust ways to do market research. While this tool is great for a high-level research, it doesn’t tell us how much we can charge per night, how much our neighbors are charging, and more importantly, how many listings/competitors are in your area? You can literally get a rough estimate in 2 clicks. This new tool came out at the beginning of 2017. That money is the profit for your business.Ī rental arbitrage = achievable daily rental rate( $150) > daily rental cost( $1500/30 days = $50). What if you could rent it out for 20 days or even 30 days? That means you can easily 2x or 3x your monthly rent. You quickly calculated the breakeven rate is 10 days. A quick research on Airbnb shows a similar property near your similar location that is charging 150 dollars a night. You see an advertisement for a 1-bedroom apartment in a desirable location listed for 1500 dollars a month. How does this Airbnb Business model work? What I’m teaching you here is to spot a specific type of arbitrage- rental arbitrage. It is safe to note that not all markets are created equal. In order to get a good grasp of the market potential, you will have to spend some time to understand the current rental market. How to Start an Airbnb Business: Market Research What is the Workload for this Airbnb Business?.
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