Airbnb is a great platform for allowing people to earn extra money by leveraging their properties, and this new Airbnb tool from Outgrow helps users to put a hard figure on just what they stand to earn. The calculator takes in a few simple factors relating to one's property, and it then spits out numbers that show the potential annual value for that home or apartment.
Outgrow's Airbnb tool asks just a few general questions about one's property, including the continent on which it's located, how much notice one would need in order to prepare it for guests, how often one would like to rent it out, the cost of upkeep, and any special qualities it might have. It then calculates an approximation of how much one stands to earn yearly after expenses.
Rental Value Calculators
Outgrow's Airbnb Tool Shows Property Owners What They Can Make
Trend Themes
1. Property Management Software - Develop software that can manage and analyze data related to property rentals for property owners and managers.
2. Customized Predictive Modeling - Create predictive modeling technology that takes numerous factors of a property and its market into consideration to enable more accurate forecasting of rental potential and occupancy.
3. Rental Value Monitoring - Develop applications that allow property owners and managers to track the fluctuation of rental rates for comparable properties in their area over time.
Industry Implications
1. Real Estate - Companies operating in the real estate industry can utilize Outgrow's Airbnb tool to create similar products that assist property owners and managers in accurately estimating the potential rental value of their assets.
2. Hospitality - Hospitality companies can use the data generated by Outgrow's Airbnb tool to more precisely target and cater to potential vacation rental customers.
3. Insurance - Insurance companies can develop products that rely on Outgrow's Airbnb tool to assess the value of properties for home sharing coverage policies.