How I project revenue for short term rentals | Complete walkthrough

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  • Опубліковано 12 січ 2025

КОМЕНТАРІ • 19

  • @nadaypayday
    @nadaypayday 6 місяців тому

    I'm from MN too! Recently relocated to LA, love how informative u are & what ur doing

    • @lydiapatelll
      @lydiapatelll  6 місяців тому +1

      Thanks! I lived in LA for a year and had a wonderful time

  • @tossigottracks9371
    @tossigottracks9371 11 місяців тому +1

    Thanks for your content! I would like to see you go through all this rentals and tell us your thoughts about them. 👍

  • @Alex-vx8sm
    @Alex-vx8sm Рік тому

    Which cities are the best/low restrictions for STR,

  • @alendra777
    @alendra777 9 місяців тому

    Hi Lydia! Love your channel! What subscription did you opted for in Airdna?

    • @lydiapatelll
      @lydiapatelll  9 місяців тому +1

      I started with the free version and got by on the free one till I had my markets narrowed down and got super serious (like purchase within next 6 months). I currently have pro and I like the ability to see historical data and submarket neighborhood info.

  • @meeraa3329
    @meeraa3329 9 місяців тому

    Does the operating net income for a listing include the rent?

    • @lydiapatelll
      @lydiapatelll  8 місяців тому

      Great question - @airdna might know the details? I don't use that info in the calculator at all. I only take the revenue from AirDNA, and figure out the operating expenses separately.

  • @binhphung3521
    @binhphung3521 Рік тому

    Hello Lydia, could you please advise me if I have two separate apartments located next to each other that I rent out on Airbnb? Can you guide me on whether I can rent each unit independently or rent both units simultaneously to accommodate larger groups of guests? Should I set up three rental units-two individual apartments and one combined unit-or do you have a better suggestion?

    • @lydiapatelll
      @lydiapatelll  Рік тому +1

      I’ve seen people set them up as 3 separate ones. That’s probably what I would do, to keep the pricing and calendar easier to manage on my end.

    • @binhphung3521
      @binhphung3521 Рік тому

      @@lydiapatelll Hi Lydia and marry Christmas :D, sorry but if i set up 3 separate one, Is there any way to limit or prevent double booking?

    • @lydiapatelll
      @lydiapatelll  Рік тому +1

      @@binhphung3521 see if you can set the calendars up to sync either directly on airbnb or with whichever property management software you end up using to sync VRBO and Airbnb calendars

  • @airbtics
    @airbtics 9 місяців тому

    Would you suggest an aspiring or new host to purchase Airdna subscription?

    • @lydiapatelll
      @lydiapatelll  9 місяців тому

      I would suggest starting with the free version. Just play with it and see if you’re (1) enjoying the software and (2) serious in hosting. Their pricing tiers describe the differences (personally the main standouts for purchased version is the neighborhood data and historical data).

  • @patrickwhite401
    @patrickwhite401 Рік тому

    Do you find that the data from AirDNA is for the most part accurate?

    • @lydiapatelll
      @lydiapatelll  Рік тому

      for market research they're pretty solid. they do the scraping method (which I think most of the market assessment tools do), and add to it any AirDNA user data for folks who use them as their dynamic pricing tool.
      I double checked how they estimate my existing rental (I haven't linked account to provide listing-level data), and it's under by about 5-10%. It reads my VRBO and Airbnb separately, and can't see the early check in / late checkout fees that add to my overall revenue.