Airbnb Philadelphia Monthly (2024)

FAQs

Are Airbnbs profitable in Philadelphia? ›

You don't need to worry anymore. Airbtics confirms that investing in an Airbnb property in Philadelphia is lucrative. In fact, this city is one of the top Airbnb cities in the USA where you can earn a monthly revenue of $2,000+!

Airbnb is a valuable resource for many types of travelers, but it can be especially valuable for those looking for long-term stays. Booking a monthly rental on Airbnb can save significant amounts of money over shorter-term bookings, but it may still cost more than using a local resource.

Many Airbnbs offer discounted rates for monthlong and weeklong stays. Airbnb also has a separate search portal specifically for sublets.

Miami and San Diego are the most profitable cities for Airbnb hosts. The combination of warm weather and (relatively) affordable housing make these two cities a better bet for full-apartment listings than popular but expensive destinations like New York and San Francisco.

Occupancy Rate

Occupancy Rates in Philadelphia County are the highest in the summer. The Occupancy Rate at an annual level is 37%. The lowest occupancy rate was in February (23%) and the highest was in September (51%). Drop-in occupancy rates in February of 2021 can be partially explained by a surge in COVID cases.

Airbnb doesn't allow properties to be rented out for more than 90 nights per year. If your limit for bookings is reached, Airbnb will automatically close your property until the end of the calendar year. In addition to 90 consecutive days, the 90-day limit also applies to 90 days spread throughout the year.

For hosts in North America, the peak season is between May and September. The rest of the year is classified as 'off-season', but with pockets of busy periods. Thanksgiving, Christmas, and New Year are all big holidays and they just so happen to be in the off-season.

How many days is a month on Airbnb? ›

Airbnb automatically collects from guests 1 month upfront and at the beginning of each 30 day period. Learn more about payouts for monthly stays. Stays longer than 28 nights and longer are subject to your chosen long-term cancellation policy.

Step 2: Click on the "Pricing" tab from the top menu. Step 3: In the "Discounts" section, choose "Edit". Step 4: Below the weekly and monthy discount boxes, you will see a sentence stating, "You can also set a custom price for a specific week or month.".

An entire house may give you the most income and a consistently high occupancy rate. However, the costs of operating this property type can also be significant. This is why gross rental yield should also be considered when buying an Airbnb rental.

But running an Airbnb short-term rental takes a lot more work and can be more expensive, with frequent cleanings, inventory restocking and more maintenance. Revenue is not profit and your income will be determined by the difference in turnover vs expenses.

Rental and property licenses

You need a license to rent your property as short-term rental: You need a Limited Lodging Operator License if you have a limited lodging use. You need a Rental License with a hotel designation if you have a visitor accommodation use.

An Airbnb short-term rental can be more profitable than renting out your property on a long-term basis. You set your prices and Airbnb nightly rates are usually higher than for longer rentals. According to AllTheRooms, an Airbnb host in the U.S. earned an annual average of $44,235 in 2021.

Airbnb said Tuesday that it had its most profitable fourth quarter ever at $319 million. That was part of the company's first profitable full year on a GAAP (generally accepted accounting principles) basis as it generated $1.9 billon of net income. That compared to a net loss of $352 million for full-year 2021.