AirBNB In Los Angeles?

[Raquel L.]

Hello all, I'm interested to find someone that is currently working the AirBNB market in Los Angeles. I'm interested in renting out my place while I'm traveling to make a bit of additional cash flow/offset my mortgage and expenses.

I'd like to find a good cleaning service, info on smooth management/key exchange, etc.. as well as any and all experience in this market and using AirBNB.

I'd love to hear from someone local!! Thank you!! :)

[Evan R.]

Hey @Raquel L.

I crunched the numbers on all 267 of the 1 bedroom, 1 bathroom entire apartment listings in West Hollywood on AirBnB.

The average per night price is $128/night. For the next week(April 4th to the 10th), the vacancy rate is 35%. The vacancy rate is more accurate than occupancy rate because a unit is shown as occupied whether it's occupied by an airbnb guest, or the host's family.

Some of the listings accommodate up to 6 people. Many listings charge more for extra people. Accommodating more people can get you more money, but large groups are liability to throw parties.

I've compiled all the listings and their calendars into a spreadsheet. You can get it here: WeHo4April2014VacancyRates.xls

It's a lot of data, if you have questions, reply!