The short-term rental model, as an alternative to take advantage of real estate, has gained popularity among landlords in search of higher income. According to a study carried out by La República (LR) in November 2023, it is estimated that the costs of a short stay represent approximately 44% of the gross monthly income in stratum four apartments with an occupancy of 60% (Salazar Gaitán, 2023) .

Profitability Analysis in the Sector

LR's analysis, based on 27 accommodations available on Airbnb in the International Center sector of Bogotá and its surroundings, reveals that the average rental price per night is $180,000, including the average cleaning fee. With a monthly occupancy of 60%, this translates into estimated monthly gross revenues of $3,240,000 in this sector.

Operating Costs and Factors to Consider

However, these gross revenues are affected by various operating costs, such as platform service fees, cleaning expenses, utilities, and property management fees. For example, Airbnb charges hosts in Colombia 3% on total revenue, excluding the cleaning fee. Additionally, it is estimated that utility costs amount to $220,000, cleaning expenses $48,000 per night, and the property management fee averages $250,000.

In conclusion, the short-term model offers a significant opportunity to maximize income for property owners, although it is important to consider the operating costs and other additional expenses associated with this type of rental.< /p>

References

• Salazar Gaitán, I. (November 22, 2023). How much can you earn renting on Airbnb? The Republic. Recovered from https://www.larepublica .co/personal-finance/how much-can-you-earn-renting-on-airbnb-3753117