Hi amazing hosts! I’m based in beautiful Sedona, where the m...
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Hi amazing hosts! I’m based in beautiful Sedona, where the market is vibrant and super competitive. I’m always looking for fr...
Latest reply
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?
Would love to hear your insights! 😊
Answered! Go to Top Answer
Hi @Drew4043 😊,
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.
Let me know how it goes!
Warm regards 🌻
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Hi @Drew4043 😊,
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.
Let me know how it goes!
Warm regards 🌻
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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
this will give you likely profit levels .
you don't need American software
Hello Drew,
I believe the best way to assess whether a property will be profitable is through location and nightly rate.
You can figure out nightly rate estimate for free on a lot of sites or even look around at Airbnb availabilities a month out and see what everyone is charging.
Location is harder to determine. Is there enough tourism and travel to the area? Is this a popular destination for business, families, ect.? Is there only 2 months of travel into the area, and other times of the year it is quite empty or is it year-round?
Is the property conveniently located from things like lakes, beaches, ect. all the popular tourist attractions?
To give you an example, I have 2 properties, 7 minutes apart from one another. One is within a popular tourist resort RIGHT on the ocean. The other is 1 block away from a very popular beach.
However, the one in the resort gets me $450+ a night while the other barely $200 a night. The demand for tourism at the property at the resort is significantly higher and even if only 7 minutes away, the location drives the nightly rate significantly.
Hope this helps!! Cheers!