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Updated over 2 years ago,

User Stats

192
Posts
74
Votes
Scott Dixon
Pro Member
  • Rental Property Investor
  • Champaign, IL
74
Votes |
192
Posts

Will Students Start Converting To Airbnb's for Rentals?

Scott Dixon
Pro Member
  • Rental Property Investor
  • Champaign, IL
Posted

I have a couple Airbnb's up and running in a college market and I am starting to see college students / traveling scholars use Airbnb for their mid-term (1-6 month) housing needs.  Is anyone else seeing this transition?  As I plan out the remainder of my plan to 10 Airbnb units I am starting to lean towards the mid-term type of guest.  I believe with the higher occupancy and lower operational needs this is a better model as compared to trying to increase prices and attract more of a traditional 1-2 night guest. 

Questions

1)   anyone else started to see the transition to mid-term rentals on platforms like Airbnb, VRBO, and Booking.com for college markets?  

2)  Is there a future where 10%-25% of the housing needs (1-6 months) are through these platforms?  

3)  If you have experience: what is your minimum number of nights stay, pricing strategy, and expected occupancy across your units?

Appreciate the feedback! 

  • Scott Dixon
  • Loading replies...