It was one of those moments that insisted the world stop what it was doing and watch! He shut his eyes for a moment, took a deep breath and then took a right-foot shot so precisely that David de Gea did not even jump for it. That’s right I’m talking about Ronaldo’s free-kick that made this year’s highlights of the World Cup! It was truly an inspiring moment. All the fans that traveled from all around the world and came to Russia to watch the World Cup felt that their trip was definitely worthwhile.
Why am I talking about the World Cup when my blog post should be about Airbnb rental properties? Well, except for the fact that I’m a soccer freak, I happen to see a connection between the World Cup and investing in Airbnb rental properties. Here is why. The United States Soccer Federation submitted a bid with the hope of hosting the 2026 FIFA World Cup! It may be just a possibility but that’s more than enough to get real estate investors to start planning for a very successful investment strategy. You see, in times such as the World Cup season, people are traveling from all over the world for the same purpose: to find a place to stay while enjoying the time of their lives cheering on their favorite team. Airbnb rental properties are exactly what they’ll be looking for!
Related: Become an Expert on Airbnb Rental Properties With This Guide
What are Airbnb rental properties?
Airbnb rentals have become a very popular type of investment due to the increasing number of people who are always on the go, looking for places to stay in for a short period of time which are more affordable and flexible than hotels. Airbnb is an online service that allows property investors to rent out investment properties of all types for a short period of time. These types of properties may include apartments, vacation rentals, your residential home or even a small room.
Another reason why Airbnb rental properties are becoming very popular is that anyone can become a real estate investor and make money from the comfort of his/her own home! You can simply rent out an extra room or the basement of your house. You don’t have to own an investment property to invest in Airbnb. Plus, you get to decide when to rent, who to rent to, how much to charge and the period of time you want the space to be rented out.
The question now is HOW to invest in Airbnb?
There are a few factors to keep in mind to make this Airbnb rental strategy successful. A property owner must take into consideration the housing market he/she is in, the type of investment property, the property management style, and the customer’s review. These are some of the big factors to consider before jumping into the Airbnb business. Let’s take a closer look.
1. Consider the location
The cool thing about Airbnb investment properties is that they don’t have to be fancy, high-class vacation rentals to be successful and get a high occupancy rate. All you have to do is find a location that has a high demand for Airbnb properties. For example, a city that is considered a tourist destination or an area where the World Cup is going to play would be a great choice!
Related: The 5 Most Profitable Airbnb Locations According to Mashvisor’s Investment Property Calculator
2. Consider Property Management
You need to take into consideration your Airbnb management style, meaning you have to give your guest the hospitality that they would expect from a hotel. This is not a passive investment rather a very hands-on business. As an Airbnb host, you have to meet up with the guests, fix any problems they encounter and keep the house clean in between stays.
3. Consider customer’s review
In any business, the customer’s review of the brand or service determines whether it will grow or not. So it is important to make sure your guests give you the BEST Airbnb reviews. How? To begin with, you can start by setting your rent below market value in order to attract guests. Once you have a good amount of reviews, then you can start to charge a more competitive price. Another trick to get good reviews is by providing the best possible services you can give. Always be on the job of making sure all your guests are well satisfied.
Related: The Ultimate Guide on How to Become an Airbnb Super Host
How to find Airbnb rental properties
We talked about the importance of finding the right location for your Airbnb rental. The question is how? Mashvisor can help you out! When searching for a property, you need a tool that you can depend on to give you the best investment property analysis. Mashvisor is your must-have tool for the job.
Mashvisor’s Airbnb profitability calculator is the easiest way to check the most profitable locations for Airbnb rental properties. Our tool can tell you the projected Airbnb occupancy rate, cash on cash return, Airbnb rental income and can even estimate just how much money you’re making from the most profitable Airbnb cities. Mashvisor is the perfect tool to give you all those crucial property metrics to help you find the most profitable investments. In order to become a successful real estate investor, you need to use investment tools and specifically Mashvisor’s tool! Trust me, you will not regret it!
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Related: How to Find the Best Airbnb Properties for Sale
The final score
For millions of people watching the World Cup is a MUST no matter how far they have to travel or how long they have to stay. The number one thing they would have on their mind is finding a place to stay in. This is the perfect ball to catch for real estate investors who are interested in Airbnb rental properties. These types of properties are perfect for investors looking for flexibility and high returns on investments. The World Cup was just an example of how you can use Airbnb rentals to your advantage. Think about the cities that attract the most tourists and go for them. In the end, I would have to say the final score is: Airbnb rental properties won!