Short Term Rental Market in Albuquerque

[Carlos Licon]

Good Morning BP Community!

I am considering purchasing a single family home and renting as a short-term rental instead of the traditional long-term rental strategy. However, I am new to the Short-Term rental game, and I wanted to hear from people who have short-term rentals in Albuquerque. I know the answers are going to vary depending on a variety of different factors, but I was more or less looking at a 3/2 home in the NE heights area. 

So I was wondering what the average occupancy per month is, the average daily rate, and average monthly expenses (cleaning, management, etc)? Any insight is helpful, thank you. 

[Aldo Ornelas]

Hey Carlos!

That’s awesome. I am not in the short term rental space in Albuquerque but I know the website AirDna can give you some averages of the stats you are looking for. Keep in mind that cleaning is typically paid by the renter on AirBNB.