โHow do you know if the property is profitable to use for Airbnb? ๐ค
Hi everyone!
Iโm 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 Iโm based in Malaysia, itโs 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 ๐Local 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