Exactly, you are getting roughly the same rate Airbnb as a full time renter, Airbnb is a lot of work and commitment , año corrido is definitely a no brainer now days. Like everything in Chile, everyone has jumped in thinking it's a fantastic idea and that is depressing returns for everyone, happens with everything here.at46 wrote: ↑Thu Nov 22, 2018 3:15 pmIf the purchase price is around 2200-2400 UF, as it is in the Centro around Bellas Artes, and Airbnb with superhosts starts at 20 mil these days, you need to rent it out for 18-22 days just to cover the mortgage, GGCC and utilities.admin wrote: ↑Thu Nov 22, 2018 7:09 ami dont know. the airbnb is probably not too bad of a return.
say you have a house or apartment in a high demand area. if it is not, your airbnb biz is not going to do well anyway. you pribably get at least 10 to 15% a year in apreciation. if you can get even probably one two airbnb a year, you have covered cost of ownership such as community expenses, property tax, etc. a few more a year, and you are covering the interest payment on the mortgage. a few more a year and you are covering the mortgage payments. especialy the last few years with historicaly low interest rates. cost of ownership can get close to zero with just few bookings a year, which probably gives a better return than a full yearly rental with rents running pretty close to mortgage payments or even a bit below.
the numbers are probably even better for anykne that owns their property outright, or at least has so.e substantial equity built up in their property.
i would never do it. too much of a hassel, but i can see why it would be popular.
Average occupancy used to be around 22 days back when I looked at it a few years ago. You could get a bit more if you really pushed it, but it´s a lot of hassle, as you correctly pointed out, and you´d still not be able to get to 365 days a year if you wanted to have a life and not just prove a point.
At the same time you can get it rented out unfurnished for around 290-310 ano corrido and get all or most of your mortgage covered that way while the renter pays the gastos and utilities.
Appreciation is the same in both cases.
So, to me, renting it unfurnished is a no brainer, and I think that's what Chilean Airbnb superhost wannabes have started to realize in the last year or so.
The early Airbnb apartment owners have probably cashed out and banked their cap gains they are probably already out of that game and have found something else to invest in while the followers are wondering what they have got themselves into.