The City Boasting the Highest Airbnb Profit Margins Might Surprise You| domino

Investing in a second home to rent out can be a great way to earn some passive income. But not all metropolises are created equal, according to HomeAdvisor. Some US zip codes can provide a much higher ROI than others. By analyzing the average monthly house payments for 100 of America’s largest cities (using data from the National Association of Real Estate Agents) and the average night Airbnb cost, HomeAdvisor determined how many days you should rent out your space to break even each month.

The city with the highest profit margins? Sorry, New York and San Francisco, Green Bay, Wisconsin, win. Airbnbs in this metro area make an average profit of $313 per day, closely followed by Charleston, South Carolina, at $311, and Nashville at $284. On the other hand, renters in San Jose, California, losses $65 a day.

Thankfully, location isn’t everything, as we’ve learned from superhosts like Darrel Maxam, who insist that the key to securing bookings is a space with a strong personality. “If you loved the flower power era of the 1970s, don’t be afraid to put that on the list,” he says. “People die for something else.” Even if you don’t know where to start, you can search positive (and negative) reviews to get an idea of ​​what people are looking for. Tip: Guests like clear signage, rainy day activities, and quality soaps and shampoos. Take it from landlord Patricia Azze, too: No one wants to be the one sleeping in the room with the tiny bed, so invest in queen and king size mattresses. And it’s clear that putting up Green Bay Packers-related memorabilia or artwork won’t hurt.

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