I found the sweet spot for 2/1 monthly rental income in my area

[Conner Olsen]

I have a duplex in North Austin that I am house hacking and listing the other side on Airbnb. I found the 'sweet spot' for what I can charge in terms of rent. I have been getting $2,650-$2,750/month recently for my 2/1. I increased the price to $3,000/month and left it there for three months while it was occupied. I was three weeks out from having my property vacant and wasn't getting any traction for my listing. I dropped the price back down to $2,750 and within a few days I got it booked again. The nice thing of renting your property monthly is that you can experiment with different prices all you want. At the end of the day, the market price is what someone is willing to pay for your product. You never know if someone doesn't do their research and takes the first listing or maybe they just doesn't have a lot of other options and end up choosing your product. After it got booked I increased my rates again, we'll see what happens!

*Note: All the numbers listed in this post are amounts being deposited in my bank account, not what the guest pays.