We have posted before about how lucrative it can be to have short-term rentals in a Super Bowl city. The basic laws of supply and demand (especially) kick-in which can be a boon to your bottom line. A recent article on Forbes.com talks about the upcoming Super Bowl in Atlanta, GA and how Airbnb hosts are planning to accommodate an estimated 9k+ guests from 59 countries and 49 states – now that’s quite a surge! Forbes says that 23% of Atlanta hosts will be on the Airbnb platform for the first time, with a typical host standing to make about $690 from January 27 to February 3. Interestingly Airbnb says over 40% of Airbnb guest spending is done in the neighborhood where the guest stays.
Real estate investor Rich Munroe of Buford, Georgia, is no stranger to Airbnb. He owns seven properties and also manages five properties in Midtown Atlanta, where he plans to hosts guests….“I also do rehabbing of properties, fix and flip,” he said. “I use the short-term rental business of Airbnb as a residual income to help with my future retirement.”
Investors….take note:
- 2020: Super Bowl LIV will be in Miami Gardens, Florida.
- 2021: Super Bowl LV will in Tampa, Florida
- 2022: Super Bowl LVI will be in Los Angeles
- 2023: Super Bowl LVII will be in Glendale, Arizona
- 2024: Super Bowl LVIII will be in New Orleans
Click here to read the full story on Forbes.com.
