The Additional Costs Associated with Airbnb | Ep. 56

In this episode, we discuss the additional costs you will face as an Airbnb property investor. These include all the utilities you need to cover e.g. water, power, internet. You'd also expect to pay for consumables like salt and pepper, shampoo, milk (all the creature comforts guests expect).

Property management is also more hands-on, which leads to higher costs. Management fees are also higher. Long term rental management fees are 7-10% of gross yield. Airbnbs will range from 20-30% of the net yield. 

Property investors will also need to furnish the property to a high standard including items to make the property homely e.g. coffee table books. And depending on where the property is located, you may be subjected to higher rates. In Auckland, rates can be as much as 3x higher than a standard tenancy.

This is the final episode in this round of podcasts where we are joined by Jon Lawry from Urban Butler. In the show, Jon mentioned that he has an ebook detailing the 5 things that every Airbnb host needs to know. To access that free ebook fo to the Urban Butler website