Guidance on Renting Property for Airbnb in Pune & Gurgaon

[Ena13230]

Hello

 I am writing to express my strong interest in expanding as an Airbnb host by renting an apartment / taking on commercial lease and converting it into an Airbnb rental.  However, I am in need of more information to help me make an informed decision.I would greatly appreciate your guidance on the following aspects of hosting with Airbnb:

- Occupancy Rate & Avg Booking Rate: What is the typical occupancy rate & booking rate in Pune & Gurgaon that hosts experience on Airbnb?

- What is the typical profit margin & revenue for Airbnb hosts after accounting for all expenses and fees?

- Which locations are most suitable for hosting on Airbnb in Pune & Gurgaon? Are there specific areas that tend to perform better than others, and what factors should I consider when choosing a location?

- What nightly rate can you suggest & what type of property - basic, luxurious etc

- What legal and regulatory aspects should I be aware of for Pune & Gurgaon when opening an Airbnb rental in my chosen location?

Thank you for your time and assistance in this matter. I look forward to your response and any insights you can provide. Your expertise will play a crucial role in my journey towards becoming an Airbnb host.

[Helen3 · Accepted solution]

from your profile you have already set up your STR business so it seems rather strange to ask these questions after having your listings go live rather than carrying out your market research before starting up.

1. You need to do your own market research around supply and demand for the sort of listing you want to open. Airdna and your local tourist board are two sources to look at 

2. There is no 'typical profit margin' you need to do a profit and loss budget based on the fixed and variable costs for your STR business . Estimate your daily rates and how many days you are likely to let out for each year - this will give you likely profits 

3. you would need to do your own market research to understand this 

4. Easy enough for you to find this out by looking at day rates in your location

5. check on your local government website they should have any STR regulations there. 

@Ena13230