Been following for a few years! It’s been fun to hear your journey again and revisit the homes I watched you post about a while back! Keep up the good work Rob!
Big fan, Rob! For better clarity, especially if you’re in “partnership” (OPM) deals, please only include “your” equity stake in net worth calculations or gross real estate portfolio numbers. To be fair and transparent. If it’s let’s say “$12 million dollars” total est. real estate holdings, and you only own 25-50-75% of that, not sure how honest it would be to claim portions of your real estate portfolio you don’t own (this generally applies to everyone, not just you). Seeing a ton of folks doing that online without disclosing that footnote. Other than that, keep up the GREAT content. 💯
Rob's airbnbs are almost empty for November and Decemeber. So don't feel bad if you aren't doing well even his listings are not super busy anymore compared to before... Airbnb has been declining this year, even Rob is not an exception to this trend right now.
Hmm this isn't true lol. There's a lot more to an "empty" calendar. Let's break it down a little bit. 1) Winter time is historically a slow time for many hosts, but specifically my portfolio. 2) The notable exceptions being my Scottsdale and Gatlinburg property. Last November, my Scottsdale property grossed $13,5000. This November it grossed $39,000. Last November, my Gatlinburg property grossed $5500. This year $9500. 3) I have a decent amount of last minute books. But many of my properties are weekend-only bookings. Like my Houston units. They run at about a 50% occupancy, but profit around $1500 (they are arbitrage units. So my expenses are lower than my other properties.) 4) My Crystal Beach property will face brutal vacancy until around March. 5) My LA property is wide open. Why? Because it's a MTR. I can only rent that property for 30 days at a time. So unless I have a tenant, then it's always going to look like that. 6) I get a fair amount of last minute bookings. More than I'd like tbh. But I've talked about this extensively on the channel. Anyway, arm chair experts are pretty annoying. Mostly because they don't actually know anything about seasonality and portfolio architecture. It's also no real secret that Airbnb bookings are "down." Following a crazy out of whack travel boom in 2020-2021 as a result of Covid. By the way, if you want to actually CHAT instead of assume. Shoot me a message on IG. I'm mega open and actually post the day-to-day of my properties on there. Cheers!
@@Robuilt I'm not saying you losing money on all your properties, just telling people that it is normal to have lower bookings than usual this year and its very hard to charge the same prices with the over saturation of Airbnb's at the moment. I mean the beach houses in Florida always do well and will continue to do well even without airbnb, my point is that Airbnb is not a cash cow as it was years ago you can still make money, but you need to be prepared to lower prices and be prepared to not make as much as you think you will.
@@RobuiltI think you’ll find a heated pool at your Crystal Beach property will be a game changer. Especially if you have a hot tub. Tear out the mini golf course and put in a real $ maker.
Congrats, great success story. Only critique is not emphasizing enough the RISK of using opm. One bad turn and it can really go south. Can't be over leveraged or you'll get wiped out and if you used family member's money you might not make it to thanksgiving or Christmas. Would love to hear more about your failures in your journey on the channel to get the harsh reality of the airbnb industry. Again congrats on the success but you can't give out advice with barely touching on the downsides. #responsibleadvice>views
Cool comment! Love it. Don't disagree. Although I would say, in general, I do document the downsides for people getting into this industry. I usually make it pretty clear people who dabble in this space will get their lunches eaten and how to avoid that.
Been following for a few years! It’s been fun to hear your journey again and revisit the homes I watched you post about a while back! Keep up the good work Rob!
I love hearing your raw step by step journey. This is pretty cool!
Can you tell us what credit cards have zero interest that you are using please ?
Those are some hella high Mario Lopez fan club fees, #worthit. Thanks for the great insights, as always, Rob!
Big fan, Rob!
For better clarity, especially if you’re in “partnership” (OPM) deals, please only include “your” equity stake in net worth calculations or gross real estate portfolio numbers. To be fair and transparent.
If it’s let’s say “$12 million dollars” total est. real estate holdings, and you only own 25-50-75% of that, not sure how honest it would be to claim portions of your real estate portfolio you don’t own (this generally applies to everyone, not just you). Seeing a ton of folks doing that online without disclosing that footnote.
Other than that, keep up the GREAT content. 💯
Thank you for this!
Edit: I did read the statements because I just knew you’d put some funny ish on there 😂 “Mario Lopez Fan Club Fees” tho?!
Rob's airbnbs are almost empty for November and Decemeber. So don't feel bad if you aren't doing well even his listings are not super busy anymore compared to before... Airbnb has been declining this year, even Rob is not an exception to this trend right now.
Hmm this isn't true lol. There's a lot more to an "empty" calendar. Let's break it down a little bit.
1) Winter time is historically a slow time for many hosts, but specifically my portfolio.
2) The notable exceptions being my Scottsdale and Gatlinburg property. Last November, my Scottsdale property grossed $13,5000. This November it grossed $39,000. Last November, my Gatlinburg property grossed $5500. This year $9500.
3) I have a decent amount of last minute books. But many of my properties are weekend-only bookings. Like my Houston units. They run at about a 50% occupancy, but profit around $1500 (they are arbitrage units. So my expenses are lower than my other properties.)
4) My Crystal Beach property will face brutal vacancy until around March.
5) My LA property is wide open. Why? Because it's a MTR. I can only rent that property for 30 days at a time. So unless I have a tenant, then it's always going to look like that.
6) I get a fair amount of last minute bookings. More than I'd like tbh. But I've talked about this extensively on the channel.
Anyway, arm chair experts are pretty annoying. Mostly because they don't actually know anything about seasonality and portfolio architecture.
It's also no real secret that Airbnb bookings are "down." Following a crazy out of whack travel boom in 2020-2021 as a result of Covid.
By the way, if you want to actually CHAT instead of assume. Shoot me a message on IG. I'm mega open and actually post the day-to-day of my properties on there.
Cheers!
Hey Niveshkomal2894, post your portfolio and P&L report for your properties.
Oh wait, you probably don’t have any.
@@Robuilt I'm not saying you losing money on all your properties, just telling people that it is normal to have lower bookings than usual this year and its very hard to charge the same prices with the over saturation of Airbnb's at the moment. I mean the beach houses in Florida always do well and will continue to do well even without airbnb, my point is that Airbnb is not a cash cow as it was years ago you can still make money, but you need to be prepared to lower prices and be prepared to not make as much as you think you will.
Do you have an Airbnb currently? And if so, where at?
@@RobuiltI think you’ll find a heated pool at your Crystal Beach property will be a game changer. Especially if you have a hot tub. Tear out the mini golf course and put in a real $ maker.
Hi Rob! Do you have an example of a flyer that list your co-hosting services and fees for online marketing? Something that can be posted to Facebook?
happy thanksgiving to you and your family
Hi Rob, did Big Bear ever happen? That looked like a great property
Sadly no! That deal didn't go through. We'll have other cools one though!
Congrats, great success story. Only critique is not emphasizing enough the RISK of using opm. One bad turn and it can really go south. Can't be over leveraged or you'll get wiped out and if you used family member's money you might not make it to thanksgiving or Christmas. Would love to hear more about your failures in your journey on the channel to get the harsh reality of the airbnb industry. Again congrats on the success but you can't give out advice with barely touching on the downsides. #responsibleadvice>views
Cool comment! Love it. Don't disagree. Although I would say, in general, I do document the downsides for people getting into this industry. I usually make it pretty clear people who dabble in this space will get their lunches eaten and how to avoid that.
…why does this keep happening 😅 happening 😅 happening 😅 happening 😅 Great journey #StayInspired