❓How do you know if the property is profitable to use for Airbnb? 🤔
Hi everyone!
I’m expanding my listings and looking to add more properties. Quick question for you all: how do you typically analyze whether a property will be profitable?
Since I’m based in Malaysia, it’s challenging to use software designed for the US market.
How do you assess if a property has good profitability potential and a higher occupancy rate?
Thank you for asking this question in the community and welcome!
Since your question is really specific, I would recommend connecting with local hosts from your area through our 👉Local Host Clubs and asking them directly.
By doing your market research and putting together a profit and loss account with all your set up and ongoing costs and as estimate of your likely day rate and number of days a year you are likely to let out a property for . @Drew4043