At Smarthost, we calculate your potential earnings from short and mid term rentals by analyzing a year's booking data from similar property listings in your area. This process is tailored to your property. If you provide an exact address, we focus on nearby listings, while an area input lets us evaluate the top 50% of similar properties based on their earnings.
We estimate your average nightly earnings by multiplying the average income from these comparable listings by the number of nights you plan to host. While our calculations exclude taxes and hosting expenses, they provide a clear picture of your earning potential, considering factors like your property availability, pricing, local demand, and compliance with local laws.
This approach helps us estimate how 2-bed homes in Marylebone, W1, in January 2024 could earn up to 27% more with short-term rentals compared to long-term lets.
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