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What is the average rental income by city?
Discover the average rental income by country, as well as the difference between classic rental and Airbnb income.
UpperKey Country | City | Classic rental income | Average price per night | Average occupancy rate | Revenue in Airbnb | Yield |
|---|---|---|---|---|---|---|
UK | London | £1,800 | £186 | 75% | £2,389 | 24.7% |
France | Paris | € 1,599 | € 155 | 87% | € 2,371 | 32.6% |
Italy | Rome | € 1,600 | € 129 | 90% | € 2,544 | 37.1% |
USA | Miami | $2,535 | $235 | 67% | $3,312 | 23.5% |
Malta | Valletta | € 955 | € 110 | 77% | € 2,052 | 53.5% |
UAE | Dubai | dh5,519.00 | dh631.76 | 60% | dh7,133.01 | 22.6% |
Portugal | Lisbon | € 1,200 | € 109 | 90% | € 2,225 | 46.1% |
Which factors can influence your rental income?
Maximizing your rental income hinges on several key factors. From your property's location and size to its amenities and recent renovations, each detail can significantly influence the price you can command on the short-term rental market.
Property Location
A prime location close to popular attractions, restaurants, and transport links can command higher short-term rental rates.
# of Bathrooms
Multiple bathrooms can add convenience for larger groups, potentially allowing for higher rental rates.
Year of Construction
Historic properties have a special appear, while newer ones often have modern amenities and designs that renters find appealing, leading to higher rental rates.
Size of Property
Larger properties can accommodate more guests, potentially increasing the nightly rate for short-term rentals.
Furnished
Well-furnished properties are more appealing to renters who desire a ready-to-live-in space that feels like home.
Floor Level
Properties on higher floors can offer better views and less noise, which can be a selling point for short-term renters, especially if an elevator is present.
# of Bedrooms
More bedrooms allow for larger groups or families to stay, or offer a home office, which can increase the rental price per night.
Special Amenities
Unique features like a balcony or monument view can enhance a guest's experience, allowing you to charge a premium.
Recent Renovations
Properties that have been recently updated or renovated can command higher prices due to their fresh appeal and modern conveniences for guests.
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Why use an Airbnb concierge?Using an Airbnb concierge provides local and professional support to manage the practical aspects of the rental, offering a hassle-free experience for hosts and guests.
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What is an Airbnb manager?The principle of a manager is to provide a full management service to owners for short-term rental accommodation on Airbnb and other rental platforms. This includes communication with guests, booking management, check-in, housekeeping, prices management, and assistance.
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What are the disadvantages of using an Airbnb manager?The disadvantages of using a manager may include a commission on generated revenue and a loss of control over the management of the type of property that is rented out. However, the benefits of delegating these tasks to professionals may outweigh these disadvantages.
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Why use an Airbnb manager?If you do not have the time or experience to manage your short-term rental property, or if you want to maximize your rental income by optimizing the quality of services offered to your guests. Using a rental concierge service allows short-term owners to benefit from a complete property management service and maximize revenue through high-quality services.
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How much does an Airbnb manager cost?The cost of managing your seasonal rentals depends on the services you choose, and the rates charged by the professional you engage. It is important to carefully research several managers to compare the rates and services.
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Which Airbnb manager should I choose?The choice of a rental concierge expert depends on your needs and preferences. However, it is essential to carefully review the terms of payment before selecting a partner.