2 . Property Conversion Project : Transforming my 4-bedroom house into a potential 6-bedroom short-term rental in the southern suburbs .
I ’ d appreciate any insights on how to get started , as well as recommendations for where to find reliable advice , courses and resources in this growing market . Thank you !
Answer from Robin Booth
2 . Property Conversion Project : Transforming my 4-bedroom house into a potential 6-bedroom short-term rental in the southern suburbs .
I ’ d appreciate any insights on how to get started , as well as recommendations for where to find reliable advice , courses and resources in this growing market . Thank you !
Answer from Robin Booth
There is strong demand for Airbnb in Cape Town , both from guests seeking places to stay and from investors aiming to increase their yields . Fortunately , there are numerous strategies that allow for diverse investment opportunities to thrive .
The first option through rental arbitrage that you are looking at is one of the easiest ways to get started , which requires a lower capital outlay . With this approach , it ’ s crucial to ensure you have landlord permission to sublet on Airbnb . Nowadays , you can even rent linen , furnishings and appliances , further reducing your initial costs .
The second option is another profitable strategy which is converting a house into individual rooms for short-term rentals . This market differs significantly from renting entire apartments , houses , or luxury villas . In fact , Airbnb actively promotes room rentals , as it ’ s a niche offering that hotels and other platforms don ’ t typically provide . If you ’ re considering this route , my online courses cover a range of essential security features , from digital locks and Wi-Fi cameras to noise monitoring devices , all of which ensure guest safety .
In South Africa , even an average host can earn a decent income . However , with some training and the right skills , you can break into the top 5 % of hosts , which can significantly boost your revenue . The key is mastering the fundamentals of how to leverage the Airbnb algorithm to increase occupancy rates and properly price your units .
Over the past five years , I ’ ve watched countless students who have taken my courses successfully scale their Airbnb portfolios to 30 + properties across the country . Their only regret ? Not starting sooner !
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