AirBnB - December 2018
In our fourth month operating an AirBnB home we were cash-flow positive (that's two months in a row!) Nightly rates are improving. I was successful at filling a few vacant days by tinkering with rates. Often if we are in-town and have a vacancy, I will lower rates as the vacant day approaches to try to get the house booked. For example, I had a 3 day gap in mid-December. Rates started at $79, which I gradually lowered until I picked up a booking at $49/night for two of those nights. With the cleaning fee, that booking earned us $165 that we otherwise would have missed out on.
Financial Performance
Occupancy Rate: 90% (3 days unbooked)
Payments Received: $2,886
Expenses: $399
That is a great result. It looks like your plan is working.
ReplyDeleteThanks!
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