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Why am I not surprised that you had great communication with the neighbors... :) you guys are so positive and mature. I am learning so much. Thank you!!
This is great information for all hosts starting out on this journey. We are a cleaning company in NYC and we specialize in Airbnb turnovers. You mentioned at 2:30 that if you are not changing sheets and cleaning yourself you should definitely be supervising those that are. I definitely agree, I think asking your cleaning service for before and after photos as well as providing them with a tailored checklists is a great starting point. As long as guests review the space as spotless (5 *****) all parties are happy!
Little tip from someone who grew up in the hospitality industry and that would help out his parents daily: NEVER use white anything! You will spend a fortune getting it cleaned or changed! Use gray linens/sheets, walls... Make them toffy/cream colored if you want it "formal" or i found blue/teal to be well liked. White gets dirty/stains WAY too easily! And before you know it'll be cream or worse... brown (walls, sheets, pillow cases, sofas, microwave, oven, kettle, stove, chairs, tables, TOILET SEATS 🤮) and it will be uneven shades of brown...
I’d love if you guys could ever do a video on what market research and price checking you did in order to locate the air bnb property without over paying for it and set your rates ! Just found this channel and loving it !!!
As a 20 listing host with 5 years of experience, I can tell you very clearly how to avoid nit picky guests and who are the ones who typically leave bad reviews. 1) other HOSTS. For whatever reason, hosts are the most critical when they come as guests. I’ve always wondered why since they are in your shoes. I’ve come to the conclusion that it’s sort of how women hate other women. They see you as competition and think you should have the same or better amenities than them. 2) guests over 60 years of age. There is nothing pleasing them and they will always find an issue even when there is none. I just had one argue with me claiming that the title of my listing should be changed because I have the word “mansion”. The house is 5,500 square feet and is a mansion by most people’s standards. My description also clearly states the square footage. Yet he gave me 3 star for accuracy based on semantics. He also said I don’t have enough seating for 8 guests. I have 3 sofas in the house. He suggested I have another tv in one of the houses many living rooms. The house has a total of 5 tv’s. Unreal right ? 3) guests that ask too many questions or ask for amenities you don’t provide. E.g can you set up a kiddie pool , can you put up a Christmas tree for my stay? Etc
I just hosted a guest who s also a host. I left things for him he did nt expect. He got mad because he was looking washer and dryer he couldnt find them when i disclosed on listing NO washer and dryer and I d ont even have pictures of them. He claimed he did nt look at the listing. Like you mentioned a lot of hosts are jealous of other hosts. I got 5 bedrooms and 2 baths .May be he wished he could have a big house like mine.
Thank you! Our neighbors also helped when we were out of town or if something shady was happening with guest. They would call us right away about any issues. Many host will will also partner with their neighbors to run an airbnbs. For instance, we have a friend who's neighbor is a stay at home spouse and welcomes guest to the unit. She will also clean the units on occasion.
I'm just amazed at how many of the comments you responded too. No Channel i've seen is so diligent. I'm curios what you like to give as gifts. I feel like I could improve on this front. I give a bottle of wine and Werther's Originals. I think my guests are underwhelmed!
My plan is to buy a cabin on a lake, I found one for 200K. And checking nearby AIRBNBs I think I can price it at 150/night, plus cleaning fee and be competitively priced. The only drawback is it's a four hour drive, so I will have to use a local cleaning service. If I develop a good relationship with a small company, and expand to several cabins I think I can make this work. As my Grandpappy would say.... there is only one way to find out!
Exactly my plan too. Found this cute cabin at a local lake listed for 350k (Canadian ) . Off season similar cabins are going for 250 and summer months 350 a night . It’s a great fishing lake that brings it tons of people and a super popular place for ice fishing / snowmobiling so even in winter months gets lots of business. Wondering if you ever went through with it and if so how are you doing ?
Good tips! My wife and I have 2 AirBnB's (Townhomes) in Raleigh, Nc and we manage it from Nyc!!! The keyless entry system we have has made that a manageable possibility with the two townhomes!!
Thank you so much. You must have some great systems in place to manage your listing from afar. We managed our California long-term rentals from Japan and having systems in place was crucial.
Suggestions on white linens Costco has Charisma white towels that have a very luxury feel. Total Wine has new wines for around $5.00 just ask store clerk for wines in the dollar range you want and they have new wines monthly that is a great touch for upscale properties . The chocolates are a great touch! Just some pointers my friends use in there AirBnB.
I experimented with Airbnb. I had a unit in my own triplex I rented out. And another unit in a fourplex. I did very well in terms of ratings--5 stars only, Superhost status--but ultimately I decided that it was just better to go long term, passive income. You're constantly managing the units--and trouble shooting--in a way that is time-consuming. Also, word of warning: I've known people who did Airbnb in a sneaky way, without squaring it with their landlords, and it became really acrimonious and anxiety-ridden. There always loomed the threat of eviction for these acquaintances.
We converted our basement to an AirBB and would only have 1 guest every other month or for holidays. We are thinking of turning it into a long-term rental now. We can get between $1500-$2000 This way.
That's is awesome! We'd love to buy a house with a basement unit. So much potential with something like that. For instance, we know a couple that uses their basement unit as an art studio to teach watercolor painting as an Airbnb experience.
Question for anyone who knows the answer. Being that your Air BnB is a property you own and it would then be your business investment, could you use it as a tax write off as far as the material you buy for the place? Like could you keep receipts for furniture, kitchen supplies, etc... and use it for taxes? Sorry if this is a dumb question
Absolutely! For any business you have you report at the end of the year what you spent for that business with your accountant as you would file business taxes. Good question.
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Great tips. Especially the white linens. We have stayed at some Airbnb’s that had grotty leftover looking sheets with pil balls and a mishmash of different pattern and colours of towels. It takes very little effort or $ to leave a ++ impression on your guests. Oh and it has to be 100% cotton Pima or percale but do not subject your guests to polyester sheets. It makes HUGE difference for a little extra in cost.
@@OurRichJourney She was so excited to get it and watch! Thanks for the great tips! (and while we're at it, thanks for all your other videos also! Adore your channel!)
GREAT video, just shared it with the wife. We are looking to buy our first property and build an AirnBnB (sp...?) on it. Some amazing advice given, thank you. Please don't take this down, I will need to review soon... lol
It didnt take too long. At first we lowered our prices to get stays and reviews. Once we had about 10 great ratings and reviews, which took about a month, we were able to raise our prices and our income went up fast.
It really depends on where you are and how much competition there is. With my Airbnb we saw success really quickly. We are located in a tourist town in South Eastern Utah.
And you know it's amazing Airbnb a property that's so beautiful you want to share it with other people that normally can't afford to live anywhere near that area and the greatest gift that you get back from the work is that you give your clients the best that you can at that time and you strive High
Michael Cotroneo hi mike. My name is Ron. Do you mind sharing, I actually have a 5 star B and B that I’ve been hosting..looking to get it to the next level...also what city do you live in?
Congrats on all your success. Will you be looking to continue scaling your business or are you comfortable with the current workload of handling 3 properties?
Funny you should mention that becuase we sold all three and took profits. We talk about it in this video: (How We Made $400,000 in Real Estate Profit - See Our Properties & Numbers) ruclips.net/video/uue_8I_94Z8/видео.html
I’m looking to start off with my first investment property in Door County, Wisconsin. I’ve been preapproved for the loan and I have my business plan in hand. I’m excited to try this out and will be starting out with a less pricey property with a lot of perks, including location. I’ve already been in touch with other owners who use their properties as airbnb and vrbo rentals in the same area. I’m thinking I’d probably leave some nice hint water in the fridge and leave some of my soap and cleanliness products from my beauty line in the bathrooms.
Awesome work! But you never mentioned if you actually owned the place or you rented it out and then did an AirBnB. If you purchased the property then what are your ROI in terms of percentages. Never the less these were awesome tips
Thank you! We stopped hosting when we moved to Japan 2 and half years ago. We converted the properties to long-term rentals and then began to sell them. We talk about the sells in this video: ruclips.net/video/uue_8I_94Z8/видео.html We had reached our profit point to sell and we wanted to invest the money in other places; which we will share in a future video. Thanks for asking :-)
New subscriber here! Loved all your informative videos. Question: Were you required to get a STR license? If so did you get a commercial or temporary license? We are in the process of getting our first condo to use on Airbnb. Thanks for your help
Making money isn't hard per say. At least it's not entirely complex in concept. Do something that someone needs and is willing to pay for. I just started Airbnb hosting at 23 and I think over the years that I'll eventually build up a few listings where I can quite my day job and work predominantly from home. I want to homestead eventually. So Airbnbs sound like an ideal solution to producing at least a moderate income to allow me to accomplish that.
You guys channel is so informative and valuable to a lot of people, incluiding myself. Once you got to the 7000 month, was that constant over a period of how many months? Or was that one of the peak income amount? Thanks in advance.
Converting your garage and renting it out is a great way to make extra income! I love the building process! As for the Airbnb income, it was fairly constant at over $7,000/mo, but one of the properties was a backyard property, so we didn't have that unit available everyday. We also phased in the AirBnBs, so we started with the house, then added the condo, then added the backyard studio. In total, we rented out on Airbnb for about 1 year before we started selling the properties and moving to Japan.
I have a question if you wouldn’t mind answering. Situation: I’m 25 and renting in a city but have enough to buy a home. I’m not planning on staying in this city much longer, however. There is much great rental/ air bnb opportunity in this city. Question: would it be worth it to purchase a home solely for the purpose of using it as a rental property while I continue to rent? Or would it be a better decision to purchase a home to live in first, and then go for a rental property as a second home? Thank you.
changing sheets every other day? I asked airbnb team and they replied that it's the client's responsibility to do that. As I am not a hotel, I am renting out my own house for short term stays. I provide the washing machine for them to use.
I agree on most of the things except the white sheets and towels sorry but NO I own 4 Airbnb’s in downtown my city and with experience I am telling you that most people don’t care and will stain with blood, make up even food in the bed , right now I have to buy 2 new comforters for 2 of my apartments cause they are stained with blood and make up , today I had to throw away a pair a WHITE pillow cases : cause there were stains of pink lipstick and other stuff and seriously it’s very annoying to get new sets of sheets or towels at Marshall’s or Ikea and to clean it up it’s impossible especially white bedsheets
Hello guys, you seem like an amazing couple! I am happy you are sharing valuable information for free at the time where others sell it. In case I want to use someone's else property to rent it. What's the procedure in terms of the agreement with the owner? what is the cost that I should consider like towels soaps tissues hairdryer gifts automatic lock... and how to clean the blankets and towels daily? Should I hire someone to do that for me? How to create an automated system so that if I had 10 properties rented that doesn't require my presence? THANK YOU IN ADVANCE
Great questions. I'd like to answer them all but I think it would be better if you read a book that helped us a lot. See amazon link here: amzn.to/2mnj2Wp
Now living the empty nest life* Ive been thinking about put our 4bedrm house & moving into the back guesthouse on Airbnb but i cant figure out how you schedule clean time between guest. Do you lose a whole day?
Set the checkout time for say 10am for the leaving guest and the checkin time for the next guest in the afternoon so you don't lost a day and can clean in between :)
It would be nice if Airbnb would align with all the major tourisms actors and remove their fees if the trip is cancelled. It is definitely quite unfair to keep the money of a deal that just couldn't go through. So far, Airbnb is not moving anywhere near such a measure. Is money the only thing they understand? It had to come from the U.S.A. for sure...
Thank you so much for your video! Love them. I want to use your channel to recommend some good short rental investment. We want to get more investors to invest in a building landmark (215 Piedmont Avenue NE, Atlanta, GA) for short rental. This is one of the 2 buildings in Downtown Atlanta that has no rental restrictions and the price is still low right now ($130K-$150K) and the rental potential can be over $3000-4000/month. Long term rental is about $1500-$1800.
A couple questions on the keyless entry (which I think is a great idea): --How often do you change the code on it since so many people are coming in and out of the property? --How do you ensure that guests are coming *after* the check-in time when they can let themselves in? Ring camera or something?
Hi, just reading your comments - I am a super host :) I would definitely recommend getting the WiFi door pad so each guest gets their own password and you can set the times for it to work. Hence they will only be able to get in at the set check in time. :) and check out time you can set it to lock out with your admin code
Great tips! What would you suggest as far as starting up your Airbnb? Is it better to register it as a legitimate business and wholesale apartments from property management companies or are you able to just get them in your name and as long as it doesn’t exceed the max number of consecutive days “per person” someone can stay with you, be okay? I’ve been running into the issue of apartment complex saying it’s not allowed, they don’t allow short term leases for non-residents. I’ve been searching in Charleston SC
Great question! Of the three Airbnbs we had going at once, we owned two of them and subletted one with permission from the landlord. Thanks again for the question :-)
Hi, my name is Romeo I’m 20 years old I just wanted to ask a few questions if you don’t mind. I’m extremely interested in doing this and real estate in a few years once I have enough money saved. I just want to get as kuch knowledge and advice as I can. My two questions are, How much money would you recommend to saved before you rent or buy your first property, to use for Airbnb? Also, did you guys clean your first properties yourselves or did you hire a cleaning crew right away?
Love this video!! I just stated AirBnB business in San Jose, is a 4 bedroom, 2 bath single house. However, I found out it's easier to rent it out the whole house and the income is more stable. AirBnB booking is not stable and might have two guests only in a week. With all the beds and linens investment, I cannot pay my $2500 mortgage. I am struggling if I should keep this business or rent it out the whole house. Help!!
You should check out a podcast called "Get Paid for your Pad". The host has so many guest that share how they maximize their airbnbs. For example they talk about making more money renting out by the room. Or creating a theme based airbnb. If you create a niche you could do better. Hope that helps :-)
For example, if two people stay in one Air BNB vacation rental that charges $100 per night, are they expected to pay $100 per person, or is it only the $100 total?
What about the new laws that took effect last year? The one that states you can only rent out your primary residence? Now what do you do with the other two properties??
Thank you for making note of this. In our city we didn't have these restrictions at the time. We haven't hosted on Airbnb since moving to Japan 2.5 years ago so we haven't kept up with any changes. If anyone is planning on doing this we mentioned in the video to always check with their local city ordinances to make sure their abiding by the rules. And their Airbnb business plan should have a back-up plan in case rules change drastically. In our case our back up plan was to rent the units out long-term; which we did.
How did you afford buying 2 properties (I understand the 3rd was subletted with owner permission) in San Francisco?! Did you start with good capital already? Did you start in a lot of debt via loans? I loved your AirBnB advice but can't fathom how you could put down that kind of cash in a city where people making an average salary can't even afford rent.
Heard the word business several times, does that mean you should create a business entity in order to properly be seen as a business of you plan on having several properties?
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Buying a house with a studio apartment that I could rent out on Airbnb was the best financial decision I have ever made!
Yes! If you buy the right property with studio, the studio on Airbnb could pay for the entire mortgage!
@@OurRichJourney Amazing!! I rent out my apartment (owned) when I travel and it covers all my trip expenses.
This is literally what I'm looking for in the home buying process.
@@mariakamboykos5006 that’s a brilliant idea!
@@OurRichJourney pls do u have video for biggner how to set up booking setting and calendar, smart pricing?
A couple who hustles 💰 together 😊
That's right! :)
...Stays together :D
Why am I not surprised that you had great communication with the neighbors... :) you guys are so positive and mature. I am learning so much. Thank you!!
This is great information for all hosts starting out on this journey. We are a cleaning company in NYC and we specialize in Airbnb turnovers. You mentioned at 2:30 that if you are not changing sheets and cleaning yourself you should definitely be supervising those that are. I definitely agree, I think asking your cleaning service for before and after photos as well as providing them with a tailored checklists is a great starting point. As long as guests review the space as spotless (5 *****) all parties are happy!
This was excellent feedback and tip!
Little tip from someone who grew up in the hospitality industry and that would help out his parents daily: NEVER use white anything! You will spend a fortune getting it cleaned or changed! Use gray linens/sheets, walls... Make them toffy/cream colored if you want it "formal" or i found blue/teal to be well liked. White gets dirty/stains WAY too easily! And before you know it'll be cream or worse... brown (walls, sheets, pillow cases, sofas, microwave, oven, kettle, stove, chairs, tables, TOILET SEATS 🤮) and it will be uneven shades of brown...
I will pass make up towels work 5 property superhost
Great tips
I’d love if you guys could ever do a video on what market research and price checking you did in order to locate the air bnb property without over paying for it and set your rates !
Just found this channel and loving it !!!
The “hair” on the pillow comment had me laughing so hard! 😂
Great great great advice. I love how articulate you both are.
I had that exact experience at an air bnb and it was so gross!
As a 20 listing host with 5 years of experience, I can tell you very clearly how to avoid nit picky guests and who are the ones who typically leave bad reviews.
1) other HOSTS. For whatever reason, hosts are the most critical when they come as guests. I’ve always wondered why since they are in your shoes. I’ve come to the conclusion that it’s sort of how women hate other women. They see you as competition and think you should have the same or better amenities than them.
2) guests over 60 years of age. There is nothing pleasing them and they will always find an issue even when there is none. I just had one argue with me claiming that the title of my listing should be changed because I have the word “mansion”. The house is 5,500 square feet and is a mansion by most people’s standards. My description also clearly states the square footage. Yet he gave me 3 star for accuracy based on semantics. He also said I don’t have enough seating for 8 guests. I have 3 sofas in the house. He suggested I have another tv in one of the houses many living rooms. The house has a total of 5 tv’s. Unreal right ?
3) guests that ask too many questions or ask for amenities you don’t provide. E.g can you set up a kiddie pool , can you put up a Christmas tree for my stay? Etc
Totally truth 🙌
couldn't agree more!
Wow thanks for the info...
I just hosted a guest who s also a host. I left things for him he did nt expect. He got mad because he was looking washer and dryer he couldnt find them when i disclosed on listing NO washer and dryer and I d ont even have pictures of them. He claimed he did nt look at the listing. Like you mentioned a lot of hosts are jealous of other hosts. I got 5 bedrooms and 2 baths .May be he wished he could have a big house like mine.
Thank you for this!!!
This was a excellent, informative video. I love how everything was explained in less then 10 minutes. I can wait to start my own AirBnB business!
Another great video! I really like the idea about checking in with the neighbors. I do have one Airbnb property now and have not done that yet.
Thank you! Our neighbors also helped when we were out of town or if something shady was happening with guest. They would call us right away about any issues. Many host will will also partner with their neighbors to run an airbnbs. For instance, we have a friend who's neighbor is a stay at home spouse and welcomes guest to the unit. She will also clean the units on occasion.
I love the tips that you gave, especially the ones about having a gift for the guests! The little touches truly count!
G
UGx
I'm just amazed at how many of the comments you responded too. No Channel i've seen is so diligent. I'm curios what you like to give as gifts. I feel like I could improve on this front. I give a bottle of wine and Werther's Originals. I think my guests are underwhelmed!
Great video, clear and straight to the point. Other people make their videos so complicated to understand.Great job.
Alton Lewis thank you so much!
My plan is to buy a cabin on a lake, I found one for 200K. And checking nearby AIRBNBs I think I can price it at 150/night, plus cleaning fee and be competitively priced. The only drawback is it's a four hour drive, so I will have to use a local cleaning service. If I develop a good relationship with a small company, and expand to several cabins I think I can make this work. As my Grandpappy would say.... there is only one way to find out!
sounds sick man, good luck and update us on how it goes
How's business going?
Exactly my plan too. Found this cute cabin at a local lake listed for 350k (Canadian ) . Off season similar cabins are going for 250 and summer months 350 a night . It’s a great fishing lake that brings it tons of people and a super popular place for ice fishing / snowmobiling so even in winter months gets lots of business. Wondering if you ever went through with it and if so how are you doing ?
Awesome idea
Who are the 10 salty people that did a thumbs down on this video?! They are literally giving you information on how to make more money.
LOL! Thank you :-)
@@OurRichJourney lol I got you fam
Bots usually
@@brettmessieh3827 I didn't know bots could give dislikes...who programs that stuff :-S
They hate freedom brother
excellent advice, I am renting locations with the landlords permission of course and airbnbing them. its going well.
That is awesome! Thank you for sharing!
do they get booked alot?
How did you get your landlord approval? I’ve been trying several times and to no success
Wow that’s amazing!!! That’s a lot per month but it makes sense in the Bay Area. These are great tips for anyone trying to be air bnb hosts!
Thank you!
Good tips! My wife and I have 2 AirBnB's (Townhomes) in Raleigh, Nc and we manage it from Nyc!!! The keyless entry system we have has made that a manageable possibility with the two townhomes!!
From the shots you shown in the video your homes looks great by the way! Are you still listed on Airbnb?
Thank you so much. You must have some great systems in place to manage your listing from afar. We managed our California long-term rentals from Japan and having systems in place was crucial.
Since moving to Japan two years ago we dont list them anymore on Airbnb. Instead we converted them to long-term rentals.
how do you manage the Abnbs with the cleaning? Cleaning personnel have also key less access?
@@OurRichJourney How do you manage long-term rentals from afar?
Suggestions on white linens Costco has Charisma white towels that have a very luxury feel.
Total Wine has new wines for around $5.00 just ask store clerk for wines in the dollar range you want and they have new wines monthly that is a great touch for upscale properties .
The chocolates are a great touch!
Just some pointers my friends use in there AirBnB.
Thank you for the insight!
I experimented with Airbnb. I had a unit in my own triplex I rented out. And another unit in a fourplex. I did very well in terms of ratings--5 stars only, Superhost status--but ultimately I decided that it was just better to go long term, passive income. You're constantly managing the units--and trouble shooting--in a way that is time-consuming. Also, word of warning: I've known people who did Airbnb in a sneaky way, without squaring it with their landlords, and it became really acrimonious and anxiety-ridden. There always loomed the threat of eviction for these acquaintances.
We converted our basement to an AirBB and would only have 1 guest every other month or for holidays. We are thinking of turning it into a long-term rental now. We can get between $1500-$2000 This way.
That's is awesome! We'd love to buy a house with a basement unit. So much potential with something like that. For instance, we know a couple that uses their basement unit as an art studio to teach watercolor painting as an Airbnb experience.
@@OurRichJourney that's so cool.
Question for anyone who knows the answer. Being that your Air BnB is a property you own and it would then be your business investment, could you use it as a tax write off as far as the material you buy for the place? Like could you keep receipts for furniture, kitchen supplies, etc... and use it for taxes? Sorry if this is a dumb question
Absolutely! For any business you have you report at the end of the year what you spent for that business with your accountant as you would file business taxes. Good question.
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Great video! Christina, you losing weight?! I see you! Hair getting long, getting snatched and rich! I’m not mad!!
Thank you so much! You just made Christina's day :-)
I've hidden $1000 somewhere on the internet. The riddle on my channel leads the way to it. Good luck looking!
Great tips. Especially the white linens. We have stayed at some Airbnb’s that had grotty leftover looking sheets with pil balls and a mishmash of different pattern and colours of towels. It takes very little effort or $ to leave a ++ impression on your guests. Oh and it has to be 100% cotton Pima or percale but do not subject your guests to polyester sheets. It makes HUGE difference for a little extra in cost.
My friends are starting to do this! I just shared your video with them for the great tips!
Thank you! We wish your friends success :-)
@@OurRichJourney She was so excited to get it and watch! Thanks for the great tips! (and while we're at it, thanks for all your other videos also! Adore your channel!)
Kate - Thanks so much for the comment - so positive! And we just LOVE that you shared our video (sharing is caring!). Glad your friend liked it!!! :)
How did you guys start ? What do I do.🥺
GREAT video, just shared it with the wife. We are looking to buy our first property and build an AirnBnB (sp...?) on it. Some amazing advice given, thank you. Please don't take this down, I will need to review soon... lol
@@jaesoncortez9859 thanks!! I'll check his stuff out
This is gold!!! Thanks so much!
Our pleasure. So glad you enjoyed the video :-)
How long did it take for you to start earning this kind of money regularly? Was it a slow process?
It didnt take too long. At first we lowered our prices to get stays and reviews. Once we had about 10 great ratings and reviews, which took about a month, we were able to raise our prices and our income went up fast.
It really depends on where you are and how much competition there is. With my Airbnb we saw success really quickly. We are located in a tourist town in South Eastern Utah.
And you know it's amazing Airbnb a property that's so beautiful you want to share it with other people that normally can't afford to live anywhere near that area and the greatest gift that you get back from the work is that you give your clients the best that you can at that time and you strive High
Congrats. Making 20k a month ;)
Please help me! lol
Who cares
@@sashasmith9947 obviously you do enough to comment
Michael Cotroneo AWESOME great job!
Michael Cotroneo hi mike. My name is Ron. Do you mind sharing, I actually have a 5 star B and B that I’ve been hosting..looking to get it to the next level...also what city do you live in?
Nice, I do lots of financial videos also. I have a few rental properties in the Bay Area, and Im thinking of getting into airbnb.
Pro Exotic Lifestyle You definitely should. It’s the kind of thing that can be scaled to becoming a large source of income. Good luck 👍
What type of financial videos do you do and do you have a website
Congrats on all your success. Will you be looking to continue scaling your business or are you comfortable with the current workload of handling 3 properties?
Funny you should mention that becuase we sold all three and took profits. We talk about it in this video: (How We Made $400,000 in Real Estate Profit - See Our Properties & Numbers) ruclips.net/video/uue_8I_94Z8/видео.html
I love this video and the family dynamic that you guys bring! Keep it up!
Thank you so much for the love :-)
@@OurRichJourney I would love for you to be on my podcast. Let me know if you're interested.
Live Let Thrive thank you so much for the invite. We’ll let you know 😊
I’m looking to start off with my first investment property in Door County, Wisconsin. I’ve been preapproved for the loan and I have my business plan in hand. I’m excited to try this out and will be starting out with a less pricey property with a lot of perks, including location. I’ve already been in touch with other owners who use their properties as airbnb and vrbo rentals in the same area. I’m thinking I’d probably leave some nice hint water in the fridge and leave some of my soap and cleanliness products from my beauty line in the bathrooms.
that's great advertising.
Empress Bryanna Thanks! I think lots of folks do this, and I can see why they would.
@@Dominiqueuqinimod You're very smart! Good luck for the future
Empress Bryanna Aw thank you. Same to you! Love your RUclips handle by the way. Empress Bryanna!
Very helpful video. Some of the topics you talked about I never really considered. Please keep posting videos, your content is valued.
Awesome work! But you never mentioned if you actually owned the place or you rented it out and then did an AirBnB. If you purchased the property then what are your ROI in terms of percentages. Never the less these were awesome tips
Amziiiing!! Thank you guys for this very inspiring video!!!
Thank you so much. We are so happy to inspire others to take action :-) Thats what its all about!
Wow! Your Arabnb looks beautiful as you guys ! Thanks for sharing!
Aww :-) Thank you so much!
Thank you! I have been Hosting since June 2012 and I love it. Have you stopped Hosting?
Thank you! We stopped hosting when we moved to Japan 2 and half years ago. We converted the properties to long-term rentals and then began to sell them. We talk about the sells in this video: ruclips.net/video/uue_8I_94Z8/видео.html
We had reached our profit point to sell and we wanted to invest the money in other places; which we will share in a future video. Thanks for asking :-)
New subscriber here! Loved all your informative videos.
Question: Were you required to get a STR license? If so did you get a commercial or temporary license?
We are in the process of getting our first condo to use on Airbnb. Thanks for your help
You guys are amasing so much energy
WOW! Thank you so much!
Making money isn't hard per say. At least it's not entirely complex in concept. Do something that someone needs and is willing to pay for.
I just started Airbnb hosting at 23 and I think over the years that I'll eventually build up a few listings where I can quite my day job and work predominantly from home.
I want to homestead eventually. So Airbnbs sound like an ideal solution to producing at least a moderate income to allow me to accomplish that.
You guys channel is so informative and valuable to a lot of people, incluiding myself. Once you got to the 7000 month, was that constant over a period of how many months? Or was that one of the peak income amount? Thanks in advance.
By the way, i live in san diego and we are looking to convert our garage into a granny flat to rent it out.
Converting your garage and renting it out is a great way to make extra income! I love the building process! As for the Airbnb income, it was fairly constant at over $7,000/mo, but one of the properties was a backyard property, so we didn't have that unit available everyday. We also phased in the AirBnBs, so we started with the house, then added the condo, then added the backyard studio. In total, we rented out on Airbnb for about 1 year before we started selling the properties and moving to Japan.
@@OurRichJourney Can I ask how much to convert the garage roughly? Thx! Love your videos.
Thank you for the useful tips. Just what I needed to feel confident we will be successful on our first hosting!😎
I love your videos, I notice your wife always give you a smirk while you begin to talk.
LOL! I noticed that too :-) Thank you!
I have a question if you wouldn’t mind answering.
Situation: I’m 25 and renting in a city but have enough to buy a home. I’m not planning on staying in this city much longer, however. There is much great rental/ air bnb opportunity in this city.
Question: would it be worth it to purchase a home solely for the purpose of using it as a rental property while I continue to rent? Or would it be a better decision to purchase a home to live in first, and then go for a rental property as a second home?
Thank you.
really great value. Going to check out your channel more, because I am sure there is some hidden gems
Quick and straight to the point, great video!
Great Video! I run a Airbnb Business myself and it’s definitely a profitable business. Anyone can do it 👍
Oh really I'm interested
changing sheets every other day? I asked airbnb team and they replied that it's the client's responsibility to do that. As I am not a hotel, I am renting out my own house for short term stays. I provide the washing machine for them to use.
I agree on most of the things except the white sheets and towels sorry but NO I own 4 Airbnb’s in downtown my city and with experience I am telling you that most people don’t care and will stain with blood, make up even food in the bed , right now I have to buy 2 new comforters for 2 of my apartments cause they are stained with blood and make up , today I had to throw away a pair a WHITE pillow cases : cause there were stains of pink lipstick and other stuff and seriously it’s very annoying to get new sets of sheets or towels at Marshall’s or Ikea and to clean it up it’s impossible especially white bedsheets
YES. Thank you for sharing :-)
Did you rent out a room or did you purchase a house/condo for your airbnb business? Any problems with airbnb-ing your units?
Love the tips and advice. Very informative for all hosts.
Thanks for your experience, insight and tips on Airbnb hosting....👍👍👍 I will be trying this soon😃
Great video! Really good information. I’m a new fan of your channel.
Thank you so much for subscribing :-)
Hello guys, you seem like an amazing couple! I am happy you are sharing valuable information for free at the time where others sell it.
In case I want to use someone's else property to rent it. What's the procedure in terms of the agreement with the owner? what is the cost that I should consider like towels soaps tissues hairdryer gifts automatic lock... and how to clean the blankets and towels daily? Should I hire someone to do that for me? How to create an automated system so that if I had 10 properties rented that doesn't require my presence?
THANK YOU IN ADVANCE
Great questions. I'd like to answer them all but I think it would be better if you read a book that helped us a lot. See amazon link here: amzn.to/2mnj2Wp
Thank you for this wonderful, informative video!
Just wondering how you deal with theft of items?
Great Video! Love seeing new business Ideas!
Thank you so much for the love :-)
Now living the empty nest life* Ive been thinking about put our 4bedrm house & moving into the back guesthouse on Airbnb but i cant figure out how you schedule clean time between guest. Do you lose a whole day?
Set the checkout time for say 10am for the leaving guest and the checkin time for the next guest in the afternoon so you don't lost a day and can clean in between :)
It would be nice if Airbnb would align with all the major tourisms actors and remove their fees if the trip is cancelled. It is definitely quite unfair to keep the money of a deal that just couldn't go through. So far, Airbnb is not moving anywhere near such a measure. Is money the only thing they understand? It had to come from the U.S.A. for sure...
Dope Video! Sending blessing your way, Keep inspiring!🎒🙌🏻
Right on! Thank you!
Thank you so much for your video! Love them. I want to use your channel to recommend some good short rental investment. We want to get more investors to invest in a building landmark (215 Piedmont Avenue NE, Atlanta, GA) for short rental. This is one of the 2 buildings in Downtown Atlanta that has no rental restrictions and the price is still low right now ($130K-$150K) and the rental potential can be over $3000-4000/month. Long term rental is about $1500-$1800.
These are great tips!
Thank you - glad you found them helpful! :)
What sort of insurance did you have for your properties? Homeowner’s wouldn’t cover, right?
great CRAFTED video great tips straight to the point
Thank you so much :-)
A couple questions on the keyless entry (which I think is a great idea):
--How often do you change the code on it since so many people are coming in and out of the property?
--How do you ensure that guests are coming *after* the check-in time when they can let themselves in? Ring camera or something?
Hi, just reading your comments - I am a super host :) I would definitely recommend getting the WiFi door pad so each guest gets their own password and you can set the times for it to work. Hence they will only be able to get in at the set check in time. :) and check out time you can set it to lock out with your admin code
You set the code using your phone or computer
These are great tips. Hopefully this virus can be controlled soon. It's really put a hurting on the travel industry.
excellent and CLEAR video great work guys!
Great tips! What would you suggest as far as starting up your Airbnb? Is it better to register it as a legitimate business and wholesale apartments from property management companies or are you able to just get them in your name and as long as it doesn’t exceed the max number of consecutive days “per person” someone can stay with you, be okay?
I’ve been running into the issue of apartment complex saying it’s not allowed, they don’t allow short term leases for non-residents. I’ve been searching in Charleston SC
Smart and detailed information, thanks to both of you
Wonderful video! This is so helpful and clear!
awesome advice looking into getting a not the airbnb business. I want to make $10,000 a month
Any tips on how you furnished your first property without any of your own money or at a low cost?
Do you guys own the airbnb property or u just rent them?
Great question! Of the three Airbnbs we had going at once, we owned two of them and subletted one with permission from the landlord. Thanks again for the question :-)
Is the $7,000 per unit or is it including all three units?
@@Almediale At the very beginning of the video he says it's all three.
@BobRocksBaby shut up dingus
Hi, my name is Romeo I’m 20 years old I just wanted to ask a few questions if you don’t mind. I’m extremely interested in doing this and real estate in a few years once I have enough money saved. I just want to get as kuch knowledge and advice as I can. My two questions are, How much money would you recommend to saved before you rent or buy your first property, to use for Airbnb? Also, did you guys clean your first properties yourselves or did you hire a cleaning crew right away?
Love this video!! I just stated AirBnB business in San Jose, is a 4 bedroom, 2 bath single house. However, I found out it's easier to rent it out the whole house and the income is more stable. AirBnB booking is not stable and might have two guests only in a week. With all the beds and linens investment, I cannot pay my $2500 mortgage. I am struggling if I should keep this business or rent it out the whole house. Help!!
You should check out a podcast called "Get Paid for your Pad". The host has so many guest that share how they maximize their airbnbs. For example they talk about making more money renting out by the room. Or creating a theme based airbnb. If you create a niche you could do better. Hope that helps :-)
Do you constantly replace linens and towels due to stains since they are white? Accidents happen so I’m always Leary of that.
Keep crushing it! 🙂
Good Info!!!...how did you guys get the ball rolling? I want to start doing this not sure how to even begin lol
This is all great information. It sounds like lots of work. do you still run all of your Airbnb's?
Thank you so much! It was a lot of work but we put systems in place to make it run smooth. And no we dont still run them.
Kylie Evanz I agree... it’s definitely work in the beginning, but once you start putting automated systems in place, it because fairly hands off.
@@NuCents44 I have to learn more about all of this. 😀
Those were great tips, do you not do Airbnb anymore and if not why?
Are these your personal properties or rentals you rent? Is it just one Airbnb? Or did you say three?
Did you have all these properties already, did you purchase them simply to airbnb them, or did you rent property and then airbnb it out?
Great vid! Are you doing rental arbitrage or those are your own properties?
Awesomw video, thanks for the ideas and show us how to start correct!!!
For example, if two people stay in one Air BNB vacation rental that charges $100 per night, are they expected to pay $100 per person, or is it only the $100 total?
What about the new laws that took effect last year? The one that states you can only rent out your primary residence? Now what do you do with the other two properties??
Thank you for making note of this. In our city we didn't have these restrictions at the time. We haven't hosted on Airbnb since moving to Japan 2.5 years ago so we haven't kept up with any changes. If anyone is planning on doing this we mentioned in the video to always check with their local city ordinances to make sure their abiding by the rules. And their Airbnb business plan should have a back-up plan in case rules change drastically. In our case our back up plan was to rent the units out long-term; which we did.
Thank you for sharing this!
Great video! Thank you!
Chenise - glad you liked it! Thanks for watching!
How did you afford buying 2 properties (I understand the 3rd was subletted with owner permission) in San Francisco?! Did you start with good capital already? Did you start in a lot of debt via loans? I loved your AirBnB advice but can't fathom how you could put down that kind of cash in a city where people making an average salary can't even afford rent.
build your credit and use a credit card and pay it back with the money you make
Heard the word business several times, does that mean you should create a business entity in order to properly be seen as a business of you plan on having several properties?
Michael Addison yes of course, tax benefits are downplayed otherwise
Very informative! Thank you
Excellent Tips! Thank you!
Hello..wondering what your net earnings were. Trying to understand the average level of monthly expense to expect, besides any mortgages. Thanks
Thank you great video and informative!!
Thank you so much for watching. Glad you like it :-)
Thank you I loved this it helps very much
Excellent Video.....Thats me...i am starting this year 2020....