Using AirBNB to evaluate new markets and generate higher rents...

[David Melamed]

I came across this brilliant strategy and thought I would share it.

http://needwant.com/p/buying-apartment-airbnb/

basically, this guy used the calendar scheduler on airbnb to find markets that have cheap apartments and lots of demand.

He bought an apartment, and rented it out on AirBNB, ...

Here are his numbers...

Cost of apartment: $40,000
Cost of redecorating and furnishings: $10,000

RevenueNovember 2012 – November 2013: $19,613Average monthly revenue: $1,634Rough monthly profit: $1,134 (after cleaning, bills and other expenses)
Yearly profit: $13,608