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Updated about 4 years ago on . Most recent reply

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Philip Williams
  • Rental Property Investor
  • Rockford, IL
702
Votes |
385
Posts

Luxury air bnb Rockford IL

Philip Williams
  • Rental Property Investor
  • Rockford, IL
Posted

Looking for some opinions and advise as far as pricing a unique air bnb. I came across a potential flip that the numbers seemed great on, but when I ran it as an air bnb, even conservatively the numbers were much higher than I expected. The particulars of the house include about 3400 sq ft up and down. The house will contain 5 bedrooms 4ba and sleep 14 adults, It will also have a movie room ie big screen recliners etc. A fully functioning arcade with 20+ arcade machines, 5 pinball machines, a handful of skeeball air hockey type machines and a retro gaming area. Did I mention the indoor pool and hot tub lol. I know this is very unique to the area and as such was hoping to get some helpful advise, opinions and anything else that you guys might have to offer! @Chris Youssi @Tim Jensen 

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88
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74
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Melissa Bovee
  • Investor
  • CA: Lake Tahoe Berkeley, San Diego; Boise ID; Las Vegas NV
74
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88
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Melissa Bovee
  • Investor
  • CA: Lake Tahoe Berkeley, San Diego; Boise ID; Las Vegas NV
Replied

I would search listings on Airbnb and on VRBO to see what they go for.  You can clearly charge a premium based on all the amenities, but your potential guests will be comparing your place to the other places available so you have to consider those alternatives. I stayed in something similar for a family reunion in the Smokey Mountains and it was great.  As long as the town is one with some draw where people would want to meet up, I'd say it sounds great.  I would not pay a bunch of money to gather my family in a random town, just for a cool house to stay in, so make sure you are buying in a vacation destination. 

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