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305: The Rookie’s Guide to Analyzing Rental Properties and Airbnbs in 2023
Real Estate Rookie
How to Analyze Your Average Daily Rates
ADR stands for average daily rate. Occupancy tells you how many days out of the year you can expect to be booked. Cleaning fee income is something that's unique to short-term rentals. However, you should recognize it as income for two reasons. First, because it's included in your deposit from Airbnb and Verbo when they pay you out. And then second, you also have the opportunity to turn this into a slight profit center.
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