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Estimating Revenue

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(@jakeh189)
Member Admin
Joined: 2 years ago
Posts: 1
Topic starter  

How do I estimate the revenue a new rental would generate?  I have a good understanding of my expenses, but I need to estimate my income to understand profits.


   
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 Jake
(@jacobh189)
Member Moderator
Joined: 2 years ago
Posts: 6
 

Tony,

   That is an excellent question.  The two big problems with estimating revenue are: 1) estimating average daily price; 2) estimating occupancy.  These values are hard to get.  Looking at other Airbnb listing in a similar building or area does not really help.  If fact, they only way I get daily price for my own listing is looking at the average the previous year.  In the post, http://www.relaxingcondos.com/step-3/, I discuss how to use a tool called AirDNA to get a better estimate on these two items.

 

Thanks,

Jake

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