June 28, 2017

How to make the most out of Airbnb



Stock Photo - Waving flag with Airbnb logo. Editorial 3D rendering
Copyright: moovstock / 123RF Stock Photo

Wellingtonians Georgina and Peter Kiss stumbled onto improved returns through Airbnb-ing after a traditional tenant moved out. Opinion is divided on whether renting out properties as short-term Airbnb lets is the solution for landlords looking to maximise their returns.

London-based online agent Nested’s international Real Estate Return on Investment Index suggested an Auckland investor would take 22.6 years to recover their purchase price leasing through Airbnb, compared to 31.6 years by traditional tenanting. Its broadbrush figures showed an investor who bought an Auckland three-bedroom property at last year’s $783,668 average NZ property price could pursue 2016’s average monthly rent of $2062 versus Airbnb’s average monthly Auckland rental of $7252.

Some Kiwis who have had hands-on experience switching rentals into Airbnb properties agree there are improved returns to be had, even after vacancies and expenses.

Wellingtonians Georgina and Peter Kiss stumbled onto improved returns through Airbnb-ing after a traditional tenant moved out. The couple bought a two-storey Roseneath home a couple of years ago.

They live upstairs with their three-year-old son, above a one-bedroom studio and two-bedroom apartment.

Georgina says: "We make about double leasing the extra spaces out by Airbnb compared to what we did as normal rentals. We really enjoy it and would […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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