Indianapolis Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Seeking out Airbnb pros. Help assess demand in an area.
It is hard to figure out vacancy rates on Airbnb because of their design. I've heard people have mixed reviews on the data on Airdna or similar research apps. So I am thinking it comes down to just getting in touch with some Airbnb pros locally to take advice from.
I am not so concerned at this point about the details of how to run an Airbnb, that will come later. I am concerned mostly with "will X location be profitable and have low vacancy" because I am looking for a single family home in a low crime area of Indy for me to live in and house hack through Airbnb.
Maybe we can discuss specifics for a bit on here as well. How would a renovated bungalow do in "West Indianapolis". Area has no crime according to Trulia. Minutes from Tibbs Drive In Theatre. Minutes from downtown and importantly the airport. Guests would have their own private bathroom. It would cost me $500 a month in mortgage payment and my goal would be to recoup that cost in renting out a room. Are you thinking I would struggle to do that, or I would easily do that and then some? There are no current Airbnb listings to compare to in that area.