Definitely Buy Inside Golden Triangles
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- Опубликовано: 29 мар 2021
- Researching an area before spending hundreds of thousands of dollars on land or property seems somewhat important. Especially if you’re planning on monetizing the property. However, the majority of us are not quite sure where to start looking or even how to analyze an area we are unfamiliar with.
Fortunately there a tools all over the web to help us better understand a market. They’re AirDNA, Airbnb itself and something I call the ‘Golden Triangle.’
✅ WATCH ME THIS IF YOU WANT TO KNOW HOW TO MAKE 1300% FROM AN A-FRAME
• How she gets a 1300% R...
✅ WATCH ME IF YOU DON'T HAVE A LOT OF CASH BUT WANT TO START
• Start Getting Properti...
✅ WATCH ME TO SEE HOW A SINGLE MOM MAKES $50K/MONTH WITH 1 PROPERTY
• Single Mom Making $50K...
✅ WATCH ME TO SEE HOW PEOPLE ARE GETTING RICH OFF CHEAP RENTALS
• Why CHEAP Rentals Are ...
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CONNECT WITH ME:
- Website: KaiAndrew.com
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START MAKING MONEY ON AIRBNB & GET $50:
abnb.me/e/dcZC6dBbzab
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DISCLAIMER: Some of these links are affiliate links and I may get a very small percentage that goes directly to help support the channel. You will not be charged extra for clicking on the links
✅ WATCH ME THIS IF YOU WANT TO KNOW HOW TO MAKE 1300% FROM AN A-FRAME
ruclips.net/video/7zZM8EN9bdM/видео.html
✅ WATCH ME IF YOU DON'T HAVE A LOT OF CASH BUT WANT TO START
ruclips.net/video/_NFw_yliGY4/видео.html
✅ WATCH ME TO SEE HOW A SINGLE MOM MAKES $50K/MONTH WITH 1 PROPERTY
ruclips.net/video/wAUmeLGL2ao/видео.html
✅ WATCH ME TO SEE HOW PEOPLE ARE GETTING RICH OFF CHEAP RENTALS
ruclips.net/video/Q6GcbNcPDSw/видео.html
It's not the pink Triangle, so I think you're good.
Watching this in 2022 :) thanks for the info! Please can I have the golden triangle pdf download 🙏
Finally! A RUclipsr that has well thought out, informative advise. Great content, Thank you
I appreciate that!
Kai, I am in real estate and have one rental and want to expand. At first I thought your programming was going to be more like an informercial promoting some side business. Although you have a side consulting company I thought your material was great. I am a believer in you. Thank you for what you provide. The comment from Matthew is spot on. You really break this down into common sense. You could easily complicate this and show how smart you really are but you show restraint and clearly want to help break down those barriers. Well done! Rock on! Ken
Hey Kai, binged bunch of your videos today in preparation for buying some vacant land to build a tiny house on in Florida. We have lived in an RV traveling across the country for three years, but now are getting ready to settle back down doing it frugally in a small space in Florida. Thx for the videos. Larry
Love this video! Trying to implement! What tools are you using to draw your triangles 🔺️🤔 I tried putting it in paint but can't really zoom in and see more details once it's an image
this was alot more in depth and detailed than alot of other videos on rental properties, took so many notes, love the content!
New subscriber. Awesome videos! I’m looking into investing on becoming a glamspite/Airbnb owner. Thanks for the insight!
Awesome! Thank you!
Thank you for the information Kai! Appreciate you being simple and concise while being extremely informative.
Would you recommend taking your new calculated nightly rate (daily*occ rate) and multiplying that by the avg of days in a month (maybe 30)? That way you can have an idea of monthly gross income to compare to the expense of the property (mortgage, etc). Thanks!
Hey there! Yep, that’s how I run projections.
3:05 When you realize you share a market with this guy. My circle shifts just slightly north.
Fantastic video, I’ve typically invested in single family homes, but glamping has recently caught my interest.
How does this not have more views?! Great stuff!
Thanks, David! I'm trying to break into that dang YT algorithm. Hard stuff...;)
Love this content and business 2022🙏🏼🙏🏼
Dude! You and Rob are awesome! Thank you for sharing such great info! Also, love your cordless hole punchers!😍
This is dope. I live outside Austin so it was even better. Great stuff!
Thanks for the advice Kai…👍
Awesome tips. Thanks much!
Much appreciated! This is very helpful info.
You betcha, Brent! :)
Thank you-super helpful. 🎉
Great video and really helpful I’m interested in trying to get into the rental market. Thank you for making this video
That’s awesome, glad this was helpful.
great vid. thanks !!
Excellent video and tools, Kai! Thank you!
Hi Ryan! Glad people are finding this useful :)
Awesome vid thanks...hoodie from?
Way ahead of the game on this subject in 3 years its going to be a thing your going to have 2 million likes and we off to the new thing.
I have to wait 3 years for 2M likes??? Not worth it...;)
Hey Kai! Great video! I was wondering if after two years you still use this method and if so have you changed anything about this golden triangles workflow since? Any tools you would recommend?
Great stuff, thanks for sharing. We run a successful airbnb and the only problem I see with analyzing airbnb rentals based on reviews is that at least 50% of our guests don't leave a review. We're booked 85 to 100% occupancy rate so this data would not be accurate. Either way, keep up the good work.
Thanks, Brandt! Really?? Only 50%? I'm typically above 95% on all my doors. Do you leave them a review first? That usually gets them to leave you one.
yes, true. Also, half my reviews come from VRBO.
Great video! Extremely helpful. What are your thoughts on the total amount of active rentals in your target location? Is there a certain amount you tend to shoot for? The area I'm looking into only has 55 active rentals. ADR $272 and 72% occupancy. Small town in upstate NY. Located near hiking, fishing, casino and skiing during the winter months. I'm thinking it would be a decent ROI but a little concerned about the lack of active rentals in that market.
Thanks, Giselle! Those are pretty good numbers. At first glance I’d be a bit concerned with the low number of active rentals. I’d go onto Airbnb and count the number of reviews of the listings on the front page. I’d then figure out how many guests each “good” listing averages per month.
Loved this!!! Can't believe I missed this one since I've been watching your channel for awhile lol
Gold content mate! Your new Sub from down under!
Great information! Thank you for sharing!
Glad it was helpful!
Great information, Kai! Thank you.
I’ll have hear about your techniques someday!
Easily earned my sub👍❤️
Wealth $$$ of knowledge!
Great video!!! 🤩
What are your thoughts on Airbnbs near rural wedding venues? My target tenants would be wedding guests.
Can you share more Why this niche would be great?
These bigger investors like bigger markets for bigger projects.
You can do well in very small markets on a single property, as long as your competitors prove the market does exist.
A catchy rental in a small market will yield profit.
Great content
Just subscribed.
Hey man, great content !
I have a question for you, do you manage on your own your rbnb properties or you give it to some local company?
I mean if the interesting spots are far from you place, how do you manage ?
Thank you! I manage them myself, but hire out contractors to do all the work. Haven't found a property management company I trusted or operates at a high level.
@@KaiAndrew I feel you, it is very difficult to find somebody to trust...This is what keeps me from investing at other interesting places :/
Hi is this spreadsheet still available? I didn’t see it on your site
Been going to Austin for years. Lived there for a bit, my dad lives there. I still don´t understand why it is so popular. It´s fine, but just any other texas town but will hills and hippies.
It might be the weather, it's not as humid as say Houston. Plus, it's the State Capital.
Great details & advice with your knowledge! Take off the baseball cap, please!!!!
Hey man just found you today. Great content so far. My question is what is your exact formula you're using to calculate your competitions occupancy rate? You mention how you formulated it but you didn't go into detail. This is probably the most important metric to find out as it drastically skews your profit margins with just a +/- of 10% in either direction. I believe that checking their calendar may not be accurate... As sometimes owners block out dates for themselves. I am about to airbnb my first home near Disneyland and Newport Beach, 3 bed 2 bath and I'm on the high end of pricing around $350-450/night and the quality of my place reflects that...but I'll make a killing if I can get 70% booking rates. Anywhere from 20-45% ROI. Fingers crossed, this could be the move that changes my life
how is your progress? Any updates and thoughts on how it went after a year?
@@Romer224 I've been doing it for 3 months now. I can get up to $600 night but to book up weekdays to 90% occupancy I have to drop it way low sometimes like 125 night. Better to have someone in there than not I feel. Profitable but could do better
An abundance of great information for free!
Glad it was helpful!
How do you get vacancy rate from their earliest review? How can you divide the reviews by the length of time since 1st review? not all people review. Or do u al have an assumption of how many people review per stays.
Fire!!!
Th1ere is a place called the Golden triangle. I've wanted to build a small 4 or 6 place campment for years.
I just have no idea how to d1o1 it on $1500 a month income.
This is your one video that I can't save to a list - is there a way to save this one? Thanks!
Strange. I have no idea why not.
doesn't work what you described about dividing time on site by number of reviews on airbnb, because half of my reviews come from VRBO, and another percent from my own site. I have 330 days annual occupancy and renting 3 years with no long term stays, pulling in 150k/year, yet only have ~50 reviews on Airbnb.
Nice. You need to do a better job getting review man! Also you’re more of the exception rather than the rule of thumb. Airbnb up until the last year or two dominated the market - probably 80-90%. Very few markets are a 50/50 split between VRBO and Airbnb.
I got started on VRBO and Homeaway and used them exclusively for several years.
You talk about looking at comparables in the market and then at the end of the video you say to be different and better. If you're looking to provide a unique experience like glamping/tiny house but there are little to no comparisons in the market, is that a red flag? (assuming the zoning/permitting match the holistic business strategy)
Tiny houses do well in any market, if non exist you can compare to the average in the area. Tents do well in some areas but not well in others, tent sites have to be the right property and location
🙏
If you build a very quality product and do organic marketing, won’t people come regardless of where it is? There’s this Airbnb I follow, they open their calendars once a quarter and they are totally booked out for that quarter.
Rob send me
Who’s Rob...? 🤷🏻♂️
@@KaiAndrew Ahem...
Is New Orleans a good area?
Yeah, it could be. Just gotta find the right zoning and attractions.
2:03
The golden shower reference is really inappropriate.
illuminati confirmed
Lol
man u pro, but u shoud dont do rob sh***..not funny at all
Huh, I'm confused. I shouldn't do Rob stuff? Like talking about rentals and glamping?