![]() ![]() Have a look at the current Airbnb research that’s available online James shares 5 tips on how to go about the study:ġ. ![]() “A strong, rigorous feasibility study is the best starting point, particularly if you aren’t in one of the country’s hotspots. ![]() The same apartment in a less central location, might struggle to get bookings except over the busiest times of the year,” says James. “We are lucky because our apartment is perfectly situated in the thick of the busiest tourist hub in South Africa, and is also close to the CTICC and CBD. James says he owns a one-bedroom unit in Green Point, Cape Town, which has a near 100% occupancy. Anything less than this, you should consider very carefully whether it is worth it or not,” says James. “I would recommend a goal of securing at least 60% more income from an Airbnb property than you would from a long-term tenant. He says compared with having a long-term tenant, there is a lot of extra work involved in running an Airbnb property. The average income quoted by Airbnb will be skewed by properties in the hottest locations in SA,” says Ashley James, co-founder of Property Fox. “Not all Airbnb listings are created equal and you don't want to be stuck with a financial deadweight. This is according to Nicola D’Elia, managing director for Airbnb Africa and Middle East, who says Airbnb can be an exciting income stream, but South Africans should do their homework carefully before buying a property specifically for this purpose. The average income quoted by Airbnb will be skewed by properties in the hottest locations in SA,” says James. ![]()
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