Two ADU’s for Rent in a capital city
Hello,
I have two ADU's on my property (one attached, one unattached). They are fully furnished with the attached one with a bar/kitchenette, a private bathroom for the both of them, and a shared laundry room with the main house. I'm putting them up on both furnished finder and air bnb. The location is in Olympia, WA where there are many government workers, a university nearby, and two hospitals also nearby. How much should I charge for daily rates to start off with? Any advice is much appreciated.
-Greg
@Gregory Boulet- Hi, have you gone on Furnished Finder and Airbnb and looked in your area? Look for similar properties to the ones that you have, you can typically get a good idea of what to list them for. Good luck!
Quote from @Olivia Radziszewski:
@Gregory Boulet- Hi, have you gone on Furnished Finder and Airbnb and looked in your area? Look for similar properties to the ones that you have, you can typically get a good idea of what to list them for. Good luck!
I haven’t yet but will today. Thanks for your reply Olivia
@Gregory Boulet I would run comps on furnish finders as if you were looking for a comparable stay as a travel professional. For Air BNB i would look into one of the data analytics companies like AIR DNA for example. Price under market 5% and get some strong reviews to raise prices.
I would also add @Eric Yu to this thread. He is an expert in Washington!
@Gregory Boulet, for one month rent comps try rentometer.
For Airbnb style (nightly rate), you can try mashvisor, airdna, or any of these services
Thank you