How Accurate are the AirBnB Estimates?

Discussion in 'Airbnb & Short Term Letting' started by Big Aussie, 27th Jan, 2020.

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  1. Big Aussie

    Big Aussie Active Member

    Joined:
    17th Aug, 2016
    Posts:
    31
    Location:
    Perth
    So AirBnB will give you an estimate, based on location and number of guests. Its based on 15 days a month at the average rate. Is that going to be a fair approximation?
    How else should I estimate potential gross revenue?
     
    Big Aussie, 27th Jan, 2020
    #1
  2. Todd

    Todd Well-Known Member

    Joined:
    16th Oct, 2016
    Posts:
    303
    Location:
    Canberra
    Take a look at all the like for like properties in your area. Look at their booking calendars to estimate occupancy, and look at what they charge. That will probably give you a more accurate guide
     
    Todd, 27th Jan, 2020
    #2
    Big Aussie and Archaon like this.
  3. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    You need to do your own estimates based on comparable properties and how well they do. I wouldn't use any of the airbnb automated numbers.
     
    thatbum, 27th Jan, 2020
    #3