It’s even possible to make money with Airbnbs without actually owning the property, known as arbitrage. The median weekly rent in Burnside is NZ$493, says Tenancy Services market rent data.
They might be located near an airport or a large employer.Īn example of a busy Airbnb in suburbia is this listing, “Entire residential home hosted by Andrea” in Burnside, Christchurch, near the airport.Īt NZ$130 a night, the home is almost always booked, says Airbnb.
Guests have all sorts of reasons to stay in suburbia or small towns. The property doesn’t need to be in a high traffic tourist location. Airbnb hosts often let out sleepouts, baches, or other property that either isn’t permitted for long-term tenants or would otherwise be used by their family.Īnd investors sometimes buy properties or repurpose them from the long-term rental pool, furnish them and turn them into Airbnbs. Short-term guests can be handy for certain types of property. Cleanliness is very important in terms of getting good reviews.” “Between stays the property must be perfect. A single hair left in the bathtub between guests can lead to a negative review – and Airbnbs live or die on their reviews, says Stefan Nikolic, who runs Zodiak, a property management company just for short-term rentals. Landlords who have turned their properties into short-term rentals can double their net yield from, say, 2 per cent to 4 per cent, depending on their location, says Matthew Harris, managing director of Lighthouse Financial.īut short-term rentals may not always be a licence to print money.
And short-term guests are often a lot lighter on a property than regular tenants. There’s money to be made from hosting guests in Airbnbs.
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