3 YEARS ON AIRBNB: How Much $$$ We Made & What We've Learned!

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  • Опубликовано: 1 янв 2025

Комментарии • 63

  • @madhatter139
    @madhatter139 16 дней назад +4

    Know you're saying it's not a big jump, but that's an over 8% YoY increase; that's fantastic! Then to see 2024, just wow!

    • @kristenandmichael
      @kristenandmichael  16 дней назад

      Thank you so much, I mean yes that is a great increase! But this year we were very happy with the payoff after all our hard work.

  • @kimberiysmarketstrategy
    @kimberiysmarketstrategy 10 дней назад +3

    Hi guys! We are still here! Our 2nd full year weve done about 87,000 but after mortage we are at 37,000 too. Great ideas here ❤ thank you!

    • @kristenandmichael
      @kristenandmichael  5 дней назад

      Wow that’s amazing! We are so happy to hear you are crushing it!

  • @DeConstructingDreamz
    @DeConstructingDreamz 16 дней назад +7

    Howdy from Reno Nv, love the content. I was wondering if you could add 2 more metrics that I would think would be very interesting. Your average occupancy rate and average nightly rate. Glad to see you guys hitting some higher numbers. Yall have worked really hard to continuously improve the property.

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Hi there! Happy to share, our average occupancy rate was 45% for the whole year and the average nightly rate for the year was $321

    • @DeConstructingDreamz
      @DeConstructingDreamz 15 дней назад

      @ this is my first full year. Paid off the hot tub, had to have the circuit board replaced due to an electrical surge, and replace both garage doors. My average occupancy this year has been 71% with an average nightly of $220. This has given me just over $1,000 profit a month. Can honestly say STR is so much more work than LTR but I would not have this much in profit either. Huge learning curve for sure.

  • @minhchau3480
    @minhchau3480 15 дней назад +2

    For Summer I recommend
    1. Posting photos of surrounding areas and activities for Summer guests.
    2. Adding misters and more shading over the cowboy pool.
    3. Generally updating your photos. Photos of iced drinks, stocked fridge with drinks and cooling towels.

    • @kristenandmichael
      @kristenandmichael  15 дней назад +1

      Thank you so much for your ideas! Love the idea of of updating the photos seasonally to highlight the features tailored for the summer months.

  • @bikenraider99
    @bikenraider99 9 дней назад

    Agree with 100% on visiting the property first hand. As an owner/operator thr ultimate responsibility is yours.

  • @kristiecarter9179
    @kristiecarter9179 15 дней назад

    Such great lessons learned! We agreed - staying in your airbnb is so important! Congrats on the great increase!

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thanks, it's been a wild ride, but we are so happy with the results

  • @kristineb22
    @kristineb22 16 дней назад

    Yall did so good this year ! Very happy for you two! Such hard working couple! I have enjoyed watching your channel!

  • @thehurricane2800
    @thehurricane2800 13 дней назад

    Congratulations on an amazing year! We opened our Airbnb on Beaver Lake in Arkansas in July. I watched all your videos before we opened. It was a huge help! So, thank you! Love the channel, love the content, keep it coming!

    • @kristenandmichael
      @kristenandmichael  5 дней назад

      So awesome! Congratulations on opening your Airbnb, Beaver Lake is stunning! We’re happy to have been able to help in any way we could! 🤍

  • @goforlight
    @goforlight 15 дней назад

    Congrats on the increase! You deserve it!! Definitely agree about staying in the home. I would love a video on monthly/annual expenses - I think people will be surprised to know how much running a vacation rental can cost - it is really hard to decrease some of the expenses (i.e. electric costs in CA are so high)!

  • @Foxholehome
    @Foxholehome 16 дней назад

    Congratulations, guys, on an amazing 2024! We’ve had a solid year with our basement listed on Airbnb, earning $16,853.39 from 136 nights booked in 2023 and $17,300 from 126 nights booked in 2024, I’m pretty proud of that!
    Where I live, SLC, UT, there are a lot of basement apartments renting for $80-$110 per night, which sucks for them I think. That’s a lot of work to turn it around, if they do it themselves. I charge $132-$152 on weekdays and $137-$157 on weekends, depending on the month. Most of our bookings are on weekends, which I love because it means only cleaning once a week, and I can spread it out over a few days.
    Our space has 2 bedrooms and comfortably accommodates 6 guests, but it can fit up to 8. It’s a spacious basement, and I’ve really focused on creating a welcoming, home-base feel for families visiting relatives who don’t want the cost of renting an entire house. While other basements are cheaper, ours stands out as one of the nicer ones, with great amenities. I think we’ve hit a sweet spot: we aren’t the cheapest option, but we’re still affordable compared to a whole house, nicer than other basement apartments and spacious enough for families. I basically created a space that I would love to have available for our family. Anyway, It’s worked well for us! Could we be making more? Possibly but I like where we are sitting ate plus it’s bonus money anyway since it’s in our home.
    P.S. In response to your last video-I absolutely love what you’re doing right now. I watch no matter what you create! Personally, I really enjoy the mix of vlogging, life as STR owners, and the personal moments you share.
    But at the end of the day, while it’s great that you care about what we want to see, I think the real magic comes from you doing what you love-what feels natural and authentic to who you are. That’s what draws me and others I’m sure to your channel. So focus on what lights you up, because if you’re just chasing numbers or our views, it won’t be as enjoyable for you, and that’s what really matters.
    Love you guys! your 48.5 yr old/32 at mind and heart (i cannot believe I’ll be 49 next year!! 😩🤯) RUclips follower supporter, routing for you could almost be your mom and admirer😊
    - Karina

  • @TaavP
    @TaavP 15 дней назад

    Congrats! Even if we are in completely different markets, I can always take something, even if it's just motivation or inspiration. Really like you two, I hope you overcame everything from the past and you feel happy now. There are a lot of people here that you help in different way, even if it's just passing some time with a nice video, and we are all rooting for your success and happiness! 🌞

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thank you so much! So glad you found something in here that is helpful to you. Appreciate you being on this journey with us 😊

  • @_alexandersaldivar_
    @_alexandersaldivar_ 15 дней назад

    Long time watcher, you guys are seriously absolutely crushing it! big congrats!!!

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thank you so much!!! And thanks for being on this journey with us 😊

  • @Star-u3t1l
    @Star-u3t1l 16 дней назад +2

    full kitchen with pots, pans, cookie sheets (for the kids fries), kettle, dishes, cups, mugs, etc. most important for us!!!!!!!!!!

    • @kristenandmichael
      @kristenandmichael  13 дней назад

      It is definitely worth it to have a well-stocked kitchen! We always have this plus all of the spices and oils and teas and coffees!!

  • @JODIlYNN710
    @JODIlYNN710 15 дней назад

    Congrats you guys!!🎉🎉🎉 I see how hard you work and I'm so happy it's paying off for you!

  • @susangasporra1176
    @susangasporra1176 12 дней назад

    Fantastic! More shade patios with misters, greenery and maybe an enclosed porch that can be used as a game room.

  • @lost-south-lake-crafters
    @lost-south-lake-crafters 16 дней назад

    Congratulations! Thanks for sharing your experiences!

  • @purplepowell
    @purplepowell 15 дней назад

    Love watching you two grow in your Airbnb adventure.
    My wife and I started our Airbnb in 2015. Ours has also grown in design and quality of furniture. We have grown our Airbnb to always being a super host and the last year a top 1% Airbnb.
    Wear and tear is true via STR. I literally walk around with a paint brush once a month touching up. And we go through towels and sheets like wild fire.
    But sadly our family comes first and with the stress of taking care of two elderly parents with dementia we have decided to quit Airbnb and go long term. Our last guest departs in 12/31/24.
    We have 2 other LTR’s and the work involved is minimal as compared to STR.
    And yes the competition in STR has become fierce. Prices are way down as compared to the glory years of Covid.
    Hope you excel in your adventure.

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thank you so much. We totally understand that family comes first. Dimentia is a tough battle to fight and super taxing on families, we definitely relate to that. We wish you the best of luck on your LTR jounrey. And thanks for watching along on our journey!

  • @Keith4Prez
    @Keith4Prez 3 дня назад

    16:33 Cringeeeeeee, but good work. You're succeeding at this. Keep going.

  • @helenwilliams8471
    @helenwilliams8471 День назад

    Congrats on a grear 2024!!

  • @blankakovacs8271
    @blankakovacs8271 16 дней назад

    Congrats! Your hard work payed off.

  • @jblandingphotography
    @jblandingphotography 13 дней назад

    Congrats on 3 years!

  • @gabepopa790
    @gabepopa790 16 дней назад

    Hey we enjoy watching yor Airbnb videos, keep it coming! We’ve been on the Airbnb journey for 8 months now

    • @kristenandmichael
      @kristenandmichael  16 дней назад

      Thank you so much for watching! Congrats on 8 months, how's it been going?

  • @RonitaBairdPEIMedium
    @RonitaBairdPEIMedium 15 дней назад

    Thanks for sharing your information with us. It really helps us, as Airbnb owners. Congratulations on your 2024!

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      We’re so glad it helps! Thanks for watching. 🙏

  • @ajimenez8782
    @ajimenez8782 16 дней назад +2

    Congrats guys! Wonder if you’ve considered running the numbers for an in ground pool?!

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      We havent really "run the numbers" but we know from others that it costs around 90-100k to put on in and that's a lot!

  • @patassion
    @patassion 15 дней назад

    Really enjoy your videos. Str in Birch Bay wa

    • @kristenandmichael
      @kristenandmichael  15 дней назад +1

      No way! We were just up in Bellingham for Thanksgiving and stayed at an Airbnb. It was so beautiful up there during our stay! We definitely want to go back someday.

  • @incomeharvester
    @incomeharvester 15 дней назад

    Great video and overview. What options are you considering to improve the revenue in the summer months? Keep sharing!

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thank you! Obviously first thought is pool but we dont really want to invest 100k on a full inground pool. We'll take you along the journey of figuring this out! Thanks for watching 😊

  • @2ndchancesunrise
    @2ndchancesunrise 15 дней назад

    Great video and really helpful especially for anyone new or thinking about buying an STR. 3 years!!! Your growth is incredible. So happy for you both. Do you think the summer dip this year was because so many American's were traveling abroad>? We've been along on the journey with you since the start and we will hit our 3 year anniversary this March! We have some of the same struggles. Much like your hot tub, we put off adding a pool heater until this past year ($$$) and now most of our weeks are repeats. Keep up the awesome content.

    • @kristenandmichael
      @kristenandmichael  15 дней назад +1

      Thank you so much! Yeah, it could be that but also a lot of the new airbnbs in the area are new construction and have pools. We know if we had an in ground pool we would get booked all summer. Just hard for us to justify the high price tag ot put a full pool in.

    • @2ndchancesunrise
      @2ndchancesunrise 14 дней назад

      @@kristenandmichael completely understand, that is a long term ROI and then a lot of maintenance costs and aggravation, especially with the wind and dust out there.

  • @Junior8p1
    @Junior8p1 16 дней назад

    Great progress! Your numbers are way up during a time that most Airbnb numbers are on the decline. Bravo. Cheers to 2025! Can't wait to see what you come up with to boost the slow months.

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Thank you so much! We're super proud! We'll take you guys along for the journey on how were going to try and get those summer months up!

  • @ChrissyBowman-g8s
    @ChrissyBowman-g8s 14 дней назад

    Who did you guys use for photos?

    • @kristenandmichael
      @kristenandmichael  14 дней назад

      We did a whole video on it here and his info is in the description: ruclips.net/video/HJM4anv3P8c/видео.htmlsi=WAa45D3VGL5G5lCs

  • @alex_smallet
    @alex_smallet 15 дней назад +1

    From my experience staying at AirBnb places, the biggest issue is lack of cutlery. Most hosts provide the cheapest cutlery, they often do not provide a frying pan, and almost never - a decent chef’s knife.

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      True! We could definitely upgrade our knives. Our pots and pans are nice but great thought about a chefs knife! Thank you

    • @fifikengmo-bl8rc
      @fifikengmo-bl8rc 6 дней назад

      Thanks for sharing your experience. I'm fixing my basement to put on air bnb but I'm very scared to start

  • @Teltic2007
    @Teltic2007 15 дней назад

    What was your Nov 2023 revenue? I'm curious about the improvement from the photos year over year. I think Nov 2023 didn't have a hot tub either?

    • @kristenandmichael
      @kristenandmichael  15 дней назад

      Yes, Nov 2023 we did have the hot tub. In Nov 2023 we brought in $4,449. So the only difference was potentially the photos and it was a big jump!

  • @geoffl
    @geoffl 16 дней назад

    how did you increase revenue in 2024?

  • @rhondaturner8043
    @rhondaturner8043 16 дней назад

  • @Solar_Daddy
    @Solar_Daddy 15 дней назад

    If i see an AC limit, I'm out that's a bet

  • @darrenhankner5282
    @darrenhankner5282 16 дней назад

    not a fan of air b & b. Joshua Tree would be a better place without air bnb. 2nd owner next door. and still an air bnb. and I still cant get the huge desert willow hanging over all my front yard cut down. 2 feet of dry needles on my property. instant fire hazard. and get any of these owners to do the decent thing. renting a house on a yearly basis is what decent people should do. if they respect their neighbors.