Absolutely! Of course you will have to educate yourself about all the different nuances about what buying a vacation rental entails – luckily you can find tons of information online these days. Let me give you some numbers and then you can decide if it is “worth it” for you. In LA, average Airbnb revenue totals $2,547/month with 76 percent occupancy rate. Compare this to San Francisco, where the average Airbnb revenue is $5,352/month. This apartment will cost you on average $3,751/month but that does leave you with $1,601/month profit. Seattle? $2,515 per month from Airbnb with the same apartment only costing you $1,380. What about the east coast you ask? In New York, the most visited city in the U.S. by foreign travelers, average monthly revenue totals $6,551/month with 83 percent occupancy rate. I think those numbers sound pretty worth it to me. I work with Pillow, a tech-savvy property management company based in Silicon Valley, and we actually offer an income guarantee if you choose us to manage your vacation rental for you. We have had great success increasing booking rates and taking all the work and stress out of managing your own vacation rental for you. We can make sure owning a vacation rental is “worth it”. Please check out our blog to get more infographics on how much you can make money with your vacation rental.
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