Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

28
Posts
8
Votes
Jim Canull
  • Real Estate Broker
8
Votes |
28
Posts

Airbnb investment opportunity

Jim Canull
  • Real Estate Broker
Posted

All of our Airbnb properties start with one factor that drives rates up: LOCATION.  Walkability drives Airbnb property rates up 25% more than one that is not walkable.  This opportunity hits our top tier Airbnb, it sleeps 8 guests and is 6 homes away from the main strip in Fountain Square, Indianapolis.  This is a stones throw away from downtown along the cultural trail and is home to some of the hippest restaurants, galleries and bars.  This area is thriving and growing exponentially, this is a rare opportunity to grab a property so close to the strip. This property can be purchased for $135,000 and could be Airbnb rent-ready and staged for $165,000.  We also offer a full concierge service where we would take care of the entire process from purchase to rehabbing, to staging (everything: furniture, dishes, towels, bedding, funky art, etc.).  This is a flat fee of $10,000.  On this property the all-in cost would be $175,000 to be handed the Airbnb listing info with your first booking.   At that point you would either pass the property along to our property manager from there, or we would show you how to change the passwords on your Airbnb account and put your bank info in to take over from there.

This property would rent for $2,250 monthly on the safe side.  Feel free to ask us how we reached those numbers and we'd be happy to share.  We can also provide examples of other Aribnb's we successfully handled in the area to show you the level of finish we require.    BEFORE PIC BELOW AND AN EXAMPLE OF WHAT THE END PRODUCT WOULD LOOK LIKE BELOW THAT.

Our company specializes in helping investors acquire Airbnb rentals.  We usually only come across 1-2 monthly that fit our no-brainer Airbnb policy.  Airbnb is our top priority for one reason, they produce .5-1% more than a normal rental rate.  We have personally rehabbed and flipped properties as well as have been property managers for 275 properties for "normal" executive rentals.  This has given us the experience to know the level of requirements for normal tenants and how that differs for Airbnb tenants.  With this combination we have streamlined the process and can flip an Airbnb quicker and for around half the price of a normal rental property.  This coupled with the monthly income coming close to double that of a rental makes this a win-win for an investor.

Offering

Loading replies...