How much can you earn renting your Apartment on Airbnb
How much can you earn renting your Apartment on Airbnb, UK:
Unlike long term lettings, all Airbnb rental costs are paid by the owner. However, guests pay a higher all-inclusive rate that include property rental, cleaning and maintenance.
For example, as an Airbnb rental owner with a 2-bed Birmingham City Centre apartment:
- Rent £85/night
- Occupancy 70% per month (3-5 nights per week)
- 5 bookings a month
Using Airbnb Management, our charges are:
| Cleaning*
Professionally cleaned apartment. All ovens & appliances cleaned, cutlery/crockery cleaned, bedding, linen and towels replaced. |
£250*
(£50 per turnover 2-bed apartment) |
| Check In / Meet & Greet
We will meet guests at the property, familiarise them with the apartment and release the keys. We find a personal meet & greet provides a better guest experience and leads to good reviews. |
£175
(£35 per check in) |
| Linen
Bedding linen washed and pressed, towels washed and folded, and delivered ready for cleaners. Collection of used linen and towels. |
£250
(£50 per turnover 2-bed apartment) |
| Stock
Items like toilet paper, tea, coffee and cleaning materials replenished. |
£25
(£5 per turnover) |
| Total monthly costs for Airbnb rental owner
(Check In, Linen & Stock) |
£450 |
| *Cleaning costs charged to guest at the time of booking | £250 |
Additionally, an Airbnb rental owner should consider the following property costs:
| Wifi / Internet
Costs are dependent on service provider. |
£40 (estimated) |
| Gas, Electricity & Water
Costs are dependent on the size of the property but it will be less than running a family home as it will not be occupied all of the time. |
£150 (estimated on 2-bed)
|
| Council Tax
Costs to be confirmed by Owner contacting Birmingham City Council. |
£103 (estimated on Band A) |
| Insurance
Owner should buy specialist insurance. |
£20 (estimated) |
| Total monthly costs for Airbnb rental owner | £313 |
| Rental income
(2-bed apartment at £85/night, 70% occupancy and 5 bookings) |
£1,785 |
| Total monthly costs for Airbnb rental owner
(Airbnb Management and property costs) |
£763 |
| Total monthly earnings | £1,022 |
Now is the time rent your apartment on a short-term basis!
For more details on how we can help please visit www.airbnbmanager.co.
