12 Ways Your AIRBNB Can Make MORE Money💰!! (2019)
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- Опубликовано: 10 окт 2024
- Here's 12 ways to make more money with your current Airbnb.
Links👇👇👇
Richard’s Get Started on Airbnb Link: geni.us/QDDPrR
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GUIDEBOOK TOOL: geni.us/fbpB7xb
Get easy funding for your next STR: geni.us/hOaF62Y
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I offer these these but I don't collect the money. Guest make arrangements with my housekeeper and driver, I just act as the go between. This way my staff get an additional source of income and I am not liable if something goes wrong. It has lead to plenty 5 star reviews.
Now I started to have reservations at my two lofts in the second better climate of the world (said by National Geographic) in Ajijic Mexico and I’m offering airport transportation, GOOD QUALITY TEQUILA! :) artisan made, tours, experiences, chef, driver, cleaning service, horse back riding to the mountain ended with a delicious meal up there, Serenade with Mariachi (Mexican traditional music band for your wife or girlfriend to declare your love in a Mexican romantic way) , going to the market in order to explain what are the “exotic fruits” and other foods are not well known because Mexican gastronomy is so extend and rich! So thank you to share this Erica eland Richard, makes me feel I’m on track!
Gracias!
It may be a year before my property is available for STR. I am "hospitality driven" already and this video opened my eyes to some great entrepreneurial ideas to help AIRBNBs in my area. I can learn so much this way. Thanks!
Christine Green excellent. Go live sooner. Faster. Revenue > ready. Don’t be a perfectionist. Get started.
I have a room above the garage....I think a massage therapist would do well up there with some zen music etc.
This is amazing. I was just thinking about doing something like this with my Airbnb. It’s in such an amazing location...near all the high end restaurants & venues in the city. I’ll affiliate with some of the local businesses, with the goal of making my guests happier & making some commissions from the sale of different services.
One host I know even has a small “shop” in her Airbnb. If guests see decor or products on her Airbnb, they can go online & buy the exact thing...having it shipped to their home.
AWESOME
Tonya Smith thanks for sharing!
I'm thinking about including passes to the Disney parks if people book with us.
Now that I see your video that might be a premium service 🤔
Sean Wright where are you located? I'm downtown
@@TheRealAustinHair hey Austin sorry I just seen this...I have properties in Altamonte & Apopka.
Thank you Richard and Erica. At this time of year, I am burnt out from some entitled and unappreciative guests, and your positivity and new ideas are really appreciated.
Open invitation to come stay at our waterfront estate as our guests and help with ideas! It is also a prime wedding site.
We are on the Central Oregon Coast. Would love to host you both.
Lauri Hines thank you so much! What generosity and hospitality. I love Oregon. Maybe one day? Thanks again!
STR University You brighten my spirits every time I see your posts. Would love to have you guys out sometime. Take care and talk soon.
Also, did not mean to imply a wedding for you two but just that it’s a destination 😎
I love the way she's talking to you very closely and a beautiful smile she's so gorgeous
Patrick Igomokelo thanks!! I agree wholeheartedly! 👊🙏❤️
Are they a couple?? If not, this is too close...weird
@@fatumaali6403 thought the same thing. All in his face lol
@@pawsitivelivingllc4292 😂😂
Wish y'all could sit closer.
My biggest problem is the TIME vs. Money ratio. My interest is more on spending LESS time or only make more money/time ratio. also have less headaches, getting the best quality guests.
Joe Kim totally. Never want to be trading time for money. Hence Erika’s suggestion to partner or outsource. Find someone else who specializes in X and receive referral, affiliate, commissions, fees etc.
@@imrichardfertig I would pay top dollar for that kind of person. but finding the "right" people is extremely time consuming and takes more than one take (hire/fire, repeat and try again). each time is a huge time investment.
@@joekim4345 Just choose 2 or 3 services that have the best margins, least headache, and most demand. Try to use providers who are full time established businesses. Easier to work with a well oiled machine.
Great content, thanks! Hey, I'm wondering what you do to mitigate liability with offering ancillary services? Like something happens with the kids when the babysitter is there, or the dogs with a dog walker, etc.? TIA!
Terri Hayley I think as much as possible work with a licensed, bonded, insured agency. Especially with children involved!
Good stuff Richard. I recently added photography work shops which mostly I am hoping will add more bookings. My best buddy is an accomplished fly fisherman and would rather fish than work, this has added value for my guests and my friend’s pocket book. I’m not trying to make much from these activities but rather land more bookings. The addition of a chef or caterer sounds like an idea worth trying.
Paul Burkholder awesome Paul! Thanks for sharing and inspiring others with your ideas and success.
I love these ideas. Some are very capable of doing for any host. These things I have thought for myself. Thanks for sharing.
"Capital constrained" is why lots of people do the STR in the first place so this is great info Richard. Thanks for the video!
Wayward Woodworker indeed! Hustle. Make it happen. Whatever it takes!
@@imrichardfertig Just literally doing the final cleaning and check over of my first STR, to open it this month. It's been way too long in the making. Very nervous. Very hopeful. Fingers crossed!
Wayward Woodworker you are choosing a negative word “nervous”. Train yourself to believe and associate the same exact feelings with a positive word “excited”.
And, I’m sure you will love the results that exceed your expectations! Get it! You got this! Bravo!! 💪💪💪
@@imrichardfertig Anxiously anticipating! How's that! LOL Thanks man.
Very Educational.
Some good ideas in here! Added some to my list of ideas to work on for the future. Thanks!
What type of company would provide those types of crib/playpen/etc services? What would I search for to find them online?
Homie Rich still got it wit da ladies lol
DJ Naydee lmfao I was looking for this comment.
DJ Naydee but of course. Ain’t nothin but a thang. Jk. Lol. 🔥❤️🙏
Thanks for researching and sharing.
I offer car rental , tour's of the island and pick up and drop off from the airport
How do you handle the payment for your extra services?
Anthony Edwards awesome!
I have the same question. Where do you include the extra service and how do you handle payment?
I advertise my car rental on Airbnb I also put up photos of the vehicle and I also let them know I will pick them up and take them shopping for a better rate than the airport Taxi, and for the island tour when they get to the property the next day I will show them the historical site's and offer a tour all the money is collect at the property
You guys make a great team. Thanks!!
RVing We Go 🙌💪🙏
Thank you for another awesome video Richard! I'm just curious isn't it illegal to have Airbnb in Hawaii?
Extra Services I will offer after seeing this
1. Piano Recital (I will play Mozart, Beethoven, Charlie Brown & Evanescence for you on the white piano)
2. Piano Lesson (1-hour piano lesson with yer boy)
3. 1-hour Memoir Writing Consultation with an award winning author. Free signed copy of my memoir included.
4. Car Rental (Rent my old college car)
Great information; thank you, Richard and Erica!. I am totally new to this line of business and would love to get in touch with you for mentoring. How can I get in touch with you? We've just put an offer on a property and waiting to hear if it gets accept it or not. Look forward to hearing from you.
Hi Richard we are going to add Kayak Tours in our STR in Leigh on sea Essex
Regards. Kit Barker (Kits-Place )
Christopher Barker awesome!! Safety first. Get a liability waiver drawn up and executed before they touch the water. Enjoy!
airbnb does not allow payments outside their platform so other than the resolution center, how would this all fall into place to where airbnb is ok with it.
Rebeca Palik it’s not an Airbnb related matter. It’s a separate service you are offering independent of their platform.
Does that mean you will advertise those services on your brand website?
Hi Richard .........I've been following you for quite some time as at some point maybe not too far away now, I hope to be doing Airbnb with our own home and maybe others as well. I had a suggestion about a previous video that you made regarding a reservation that you took for a family through a third party, who later wanted to cancel. You said that you had strict rules about that which is fine, but I was thinking that the reason that the reservation came about was because you didn't follow your own rules per say, that strictly. You said that you have rules for yourself and that is to never take reservations from 3rd parties. You bent the rules for yourself but didn't bend the rules for these guests and from what you said in that video you didn't do that out of fear of not renting the property out again during peak season, an important time for the rental of that property. In your video about squatters that you put out a week ago, you mentioned that what a lot of people start to do in Airbnb is they start "to think" about ......what if this and what if that and what about this and what about that?..... and then they make less than the best decisions. It almost seems like you did the same in this case. In the end you won the case that came up with these people and yes, you were right, but to show flexibility is something that feels fantastic. Technically you were right. Rules are rules. But you bent your own rules for yourself but didn't bend the airbnb rules for these guests. If you were to contact airbnb again regarding this case and offer the family something under the understanding that you realize that this scenario could have possibly been handled better. It's hard to be wrond AND have to pay for it while on vacation, and I'm under the impression that that was what these people were hoping for with you, just because we all hope for this while on vacation. We always hope that people at hotels, etc. will forgive our mistakes and mishaps and not charge us for them, and I imagine that these individuals deep down felt the same way. Don't get me wrong, they're not right. I was just wondering if your handling of everything was more based on fear of the yearly financial success of this property and less based on what you feel towards airbnb, people in general and just how much you love being a part of this whole new people/business world that you came across only a handful of years ago. This is just a thought, nothing else. You were right in that case and I'm not trying to diminish that in any way. I love your videos and enthusiasm and over all care about the people involved in airbnb, etc. and wanted you to know that you have been an inspiration to me. I wish you the very best!!!
ann lore hey Ann, I think either potions of the video were edited, not clear or the whole story missing. I took the reservation from the gentleman’s executive assistant. In hindsight, that was a mistake although a perfectly reasonable booking (for decades, I never made a travel reservation myself - my executive assistant handled everything from planes, hotels, cars, restaurants etc so it’s a valid booking method just not what I’ve learned is best practices on Airbnb. That said, with their recent push into business travelers, wonder how they bridge this gap? Many busy business execs delegate that travel booking to admins).
2) I gave them plenty of opportunities to cancel long initially and I think there was a breakdown of communication on their end or they didn’t understand the urgency. By the time they decided to cancel, my two busiest months of the year were upon us with virtually no possibility of re-renting to others especially given NYC strict rules of no less than 30 days)
So...yes, all things being equal I wish it played out differently. That said, fair is fair and Airbnb ultimately did what was right after weeks and tens of hours of calls, listening to calls, reading the chain of correspondence, etc. Clearly if the guest was correct, Airbnb would have ruled in their favor.
Thanks for allowing me to clarify. And, thanks for your continued attention and support! 💪🙏
@@imrichardfertig Hi Richard, thanx for getting back to me so quickly! With all that you do, I didn't think I'd be hearing back from you for a while or possibly even at all. I can only imagine the number of emails that you receive on a daily basis and trying to keep up with them must be tricky. Back in 2009 I rented a home on a lake where I could vacation with my family and have enough room to invite up other friends and extended family up to "join in our fun". I remember the owner of the home, whom I still know to this day, was a little on the nervous side when renting to us, not for any personal reason but rather just because you never really know what you're going to get when renting. Later when airbnb came out in 2011, I remember thinking that this is the perfect thing! .....being able to read reviews about possible future guests at your home has got to be greatest thing for home owners because you don't want the owner of the home that you're vacationing in to be stressed out in any way....... that kind of thing can spread and no one needs any more stress in their life. I am really glad that you're doing airbnb and spreading all your wisdom to the rest of us. Again many, many thanks for getting back to me so quickly!!!
The one thing i"m researching to help with the future airbnb listing of our home remotely, as we intend to be moving at some point in the hopefully near future, is finding a property manager/assistant who can be at the property within a half hour if some personal assistance is needed by the guest. I have 2 people in mind as I like how they work and how they handle things over all. Although they're not actually property managers, I do see them as individuals that I would like "on my team" per say. I just watched your video about remote hosting and what I just mentioned was in the back of my head but I was hesitant about it because maybe it doesn't "sound" right or it isn't "how" it's actually done....... but your video about remote hosting just solidified what I was knew deep down seemed the right way to go............... thanx soooo much for that video as well! I will let you know how all that eventually goes........ I still remember your video about fast drying sheets that I thought was such a good idea..... I'm a big fan of cotton in general and cotton sheets, even sometimes cotton blend percale is a must for me. When you spend a third of your life on sheets, they'd better be comfy, and skin friendly as well! Again, many thanks for getting back to me so quickly. It was a pleasure to hear from you! Hope you're having fun in Costa Rica! It looks really enjoyable.
@@imrichardfertig Hey Richard, I forgot to mention, have you ever heard of CLEP.ORG? For something that came out in 2006, I came across it pretty late but quite happily just the same! I was just wondering if you'd ever heard of it. I don't find many people who know what it is.
Thanks Richard I’ve seen a suitable Air BnB but where is it being held ? What’s the venue called please
Thanks. Kit
Christopher Barker the kimpton surf comber 🏄♀️
What type/model of camera would you recommend for Airbnb host?
Hi Richard and Erica
Do you have advice on hosting retreat weekends?
Oakhill House Australia Bridgetown figure out who you want to attract. For instance, yoga 🧘♀️ retreats. Then, I would find top yoga instructors via Instagram and their blogs. Reach out and share your link and offer them an incentive. They can come and stay for 3 nights and inspect your location, neighborhood, etc and book your place for their forthcoming retreat.
Or, substitute yoga for wedding planners or anything else. Keep us updated! Good luck!
Do you use any management software? I am thinking cloudbeds. Which do you recommend?
Great video Richard very helpful Kit Barker (Kits-Place ) super host
Regards. Kit
Christopher Barker 💪
Great video Richard very helpful thanks kit Barker (Kits-Place ) super host
Regards. Kit
Christopher Barker the pleasure is mine! Oops. New show, new hostess. The pleasure is OURS!
Hi Richard what are the dates in November for your next STR course please
Thanks. Kit Barker
Christopher Barker November 2&3! Link in the description my friend. Would love to see you there! Say YES!
OK I have this idea but anyone I told about it thinks I’m crazy. So my property is in a beautiful rural spot. It’s on a picture perfect mountain stream with beautiful trees in an open area. So I found out in my county that you can get a license to be married and use it that same day or up to 60 days later.! so I became a minister with the universal life church LOL and I can legally marry people. I know all the rules about what you have to do afterwards to get it certified. So I’m thinking about offering marriage services from the venue to the bride and groom can stay in the property. Do you think that using the property to marry people is crazy? Edited to add that my county is ridiculously easy about serving liquor I would wholly be allowed to provide alcohol for the event and get paid for it without having to get an expensive license or anything
Ricardo how would you say is the best way to handle payment on these extra services? Thanks
Bucky Barnes PayPal. Stripe.
Here we are talking about making a little bit more of money, with Those additional services. I already tried that 2 years ago, i spoke to good restaurants but they dont care about an airbnb, they care if you send them over a high amount of clients because they are already famous, the same with spas, i tried, the same answer. One offer to give free appetizzer for the Guests but what benefit is that, plus i have to be aware that they know that its me sending them, which take more of my time for an appetizzer sometimes the Guests dont even like. And for transportation, the passengers, copy the number and prefer to negotiste themselve so they can get chipper prices directly with the provider if an uber is not available. How do you handle that when you are not a big airbnb that have hundreds of Guest monthly and the stress and time consuming is much higher than what you get for trying to create a better experience??
I dont think calling a 5 star resort and asking for tips on how to wow your own guests is very tactful at all. Its like calling competitors and asking for their secrets. Why not just research online?
Because tbh even if they stay at a different hotel a resort has other services open to the public that isn't just reserved for guests. Also it creates a rapport what if the person is unable to host someone due to an emergency and suggests the resort? I work at a hotel and have created a rapport with other hotels in the area.
FierceLove&Wisdom this is very common occurrence and it’s called professional courtesy. Happens in many / most industries. If the 4 Seasons called her seeking her advice, she would gladly reciprocate. And, in many cases, she would send the guests directly to the 4 Seasons when appropriate etc.
We are NOT in competition anymore friends. We are a COMMUNITY and sharing knowledge is exponentially rewarding (RELATIONSHIPS!!). Hiding or squandering knowledge is (at best) linear growth.
Thanks for allowing me to clarify. 🙏
So I only charge via paypal/point of sale terminal?
Is she going to kiss him ? the tension is present !
Ha, I thought so too. She's definitely in his personal space.
I couldn’t focus I thought they were about to kiss each other, lol
lol
Thx very helpful 14:25
Bike rentals.
Live national park.
This chick looks like she's totally invading your space.
Laundry service
I am confused, is this two girls or two guys ?
3 minutes of blah blah blah before getting to the topic. Finally put the video on pause and skimmed forward in a few seconds. Mostly lame ideas unless you're in vacation resort type biz. Also, non-starters in COVID-19 land.