PHOTO: Steve Goodey’s three-bedroom Petone house, which he’s converted to an Airbnb short-term rental, now generates significantly more profit.
Property investor Steve Goodey decided to turn one of his three-bedroom Petone houses into an Airbnb holiday let after a bad experience with tenants who did not clean the property.
It turned out to be a good financial decision – he now makes $4200 on average a month from the property, compared to $3100 when it was a long-term rental.
It used to be let for $700 a week but now pulls in an average of just under $1000.
Goodey said he had thought: “How hard could it be?” The process of transforming the property from a tenant’s home to holiday accommodation was not difficult.
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