Reply to AirBNB in Arlington (or advice for new landlords)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If anyone tries to tell you how much they made off airbnb, ask them if the numbers they're telling you were from 2020, 2021, or early 2022. There was an enormous pandemic induced demand that will not be replicated in the coming years.

Airbnb owners are having lots of difficulties right now in most areas. Airbnb might be reporting increased revenues, but that's just because they have more rentals than ever on their site -- on average owners are making less than they were during the pandemic.[/quote]

Same PP that owns STRs - agreed 100% with you but I've done the math even in a good "market" Arlington would be the least profitable STR market. [b]Unless you do something less traditional like rent out your basement or accessory dwelling.[/b]

My STRs are still booked but I picked veru unique properties and yet still had to cut rates and both markets are only around 20% occupancy rate. Which means the average STR needs to make a profit with only 6 nights booked.

OP you can see some of this data on Pricelabs.com and AirDNA[/quote]

Many of the Air BnBs I see in Arlington are ADs. This is how they get away with "living there" more than half the year .[/quote]

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