People forget Rob started his youtube channel with DIY stuff. I found Rob when he did his backyard ADU video and just watching him grow. Thanks for the content!
Yo Rob! I hear your frustration in the intro about excuses and how it requires hard work to make the income. It’s true. We have a few airbnb, and a few long term rentals. There’s a big pay-off for a lot more work. Be well out there.
This is good stuff!! I own, manage and do rental arbitrage. I would also pay $100 a month to teach someone and have them help me. I’m in Hostcamp so learned lots of the skills but Rob puts a lot of info in RUclips. Personally my take away is I need to post on social media. I’m not new to real estate investing or Airbnb but I look forward to watching the rest of the series. Thanks Rob.
Super helpful for those of us just getting into CoHosting!! Your videos have been so helpful for the journey… Almost finished getting the ultimate cohosting portfolio together. With more of your wisdom, super excited to also start birddogging while searching for clients!! Awesome stuff as always, stoked for the rest of the series 🙌🏼
I like the video! Great advice. I got two rental arbitrage this year and got a cabin under construction now in a popular Kentucky market which will be our first owned investment . I got burnt out for a little while but now back on track.
Love the idea for this video. It's a grind, but that's how it goes starting out. I spent 2 years starting a traditional business working all day and then waiting tables/bartending at night. I had ZERO time for 2 years. The video is for illustrative purposes, and of course everything will not go perfectly, but you get the idea. There are ways to hustle, be opportunistic, and create extra income. If you don't like arbitrage (or the other strategies listed), don't do it. Find something else; or get a non real estate side hustle to pile up money. Starting a business from zero and building it is gonna suck for a couple of years. Also - I'd gladly pay someone $100 per month to be a VA for my properties. That's a great deal and great idea to get started and educated.
I've purchased two homes to airbnb last year. Both of these homes grossed over 105k, and both broke even. I have homes that I purchased a few years ago that net 20k a year. I like Rob, but he's being a little dishonest here.
I agree, rob doesn't talk about the negatives. I find it hard to watch him since he isn't transparent about how much money you can lose if things do not go well. He talks a lot about the upsides but skims on negatives on how much money you can lose if things go south.
@@Bluegrassrentalsofeky Get on airdna and find a property that will be profitable. I bet you can't in today's environment. You'd be hard pressed to break even.
Can you share more about your journey? Ex. Did they break even because your cost included furniture setup? After which you’ll make more $$? Are you including write offs from taxes?
problem is I must eat sometimes! and Live others.. As long as the renters never learns where the money goes....ell is well. Not many people ay 19X typical monthly rent payments!
I'm definitely interested in co-hosting because I have a rental property and have had a mid-term rental. Just don't have the capital to expand. Co-hosting seems like property management without having to go through any state-required education and licensing. My state requires property managers to have a real state brokers license. lol.
I did, but it was an accident lol. I was actually annoyed at myself for this blunder haha. Glad you like it though. Just goes to show I overthink things.
I did video production for the USMC for a few years so I just have a high attention to detail. I prefer 60vs30 myself as its just more crisp and still has motion blur. @@Robuilt
Truth is, STR's produce roughly 3x-5x the revenue of a LTR on the same property. With arbitrage, you make your money on that spread between the base LTR rent and the STR rent. The higher the actual gross revenue, the more the spread makes sense, so entry level properties make a lot less sense. Keep in mind you are on the hook for the base rent.
Good Video. I own a house that i do STR on. Can I write over an other person to run the business on their name while Ibalso are registerdcat the same adress?
Airbnb is way too over saturated... If you start this year as long as you are prepared to cut your prices to compete and are prepared for the busy and quite seasons then you can make it. It's actually really great to co host right now. There are co hosts that make much more money than owners with zero risks. I know of hosts than own zero properties that charge 15 percent to owners and have over 30 to 40 properties that are killing it! This is the best route to go but not easy anymore because owners now want you to already have listing before they are prepared to give you any property to run.
I’m about to lose it all to regulations. I don’t even know if I want to restart. I do like the idea of being a co-host on the side though. That’s a sweet little side hustle. I already manage mine & 40 other vacation rental properties, I’m sure I can handle ten more. 😅
@@kimberiysmarketstrategyhave you thought about the idea of renting by room? Could be a different way to rent your property to make enough to cover mortgage . I’ve heard of other investors doing this strategy
I have a team to support me with the 40 beach rentals, I work for a well known vacation rental management company. My personal rentals in New Orleans I manage remotely. You can google STR regulations in Dallas, Denver and New Orleans to learn more. I can’t think about it anymore, too much to explain.
I host someones home at 15 percent and its been a nightmare. Some people are very hard to work with. Also, i have a house in joshua tree. Super host and guest favorite . 2 beds. Private half acre, hot tub etc. I will be lucky to pull in 40k this year.
Hi! Have you considered adding more beds? More beds = more heads = bigger pool of people looking. We added more beds by utilizing a space in living area with a twin trundle so two extra beds. I think 4 beds is a MUST now Adams if your competing in a market like JT
Well, if you got no experience I wonder who will trust you with step 1 and 2. And everyone sells the ‘rent to rent’ strategy as great is like ok, I’m screwed if I have no money and my property doesn’t rent but I have to pay the real owner money or when I find a renter who don’t pay rent.
@Joeslowcostlifestyle-py9ww in california if it is a short term(less than 30 days- i dont believe you need a license- many people are hosts and co hosts without licenses here)
its not an excuse, and also its not easy for you. having said that, you never had issues like me, i wonder if you would ever interview me. i only have on str since july, but i made superhost in the first 2.5 months and since then keeping the 5stars up.
Mind you this is what he *WOULD* do *IF* he lost everything. It's *NOT* a reality considering the market right now. He's *NOT* mentioning how *difficult* it might be to *FIND* a deal and or *PARTNER* in the current market. Talking about the *money and or ideas* is *Inspirational* but *NOT* realistic.
I think you have a losing attitude. I find deals every day. I‘ve launched 3 arbitrage units in the last three months. If you don’t want to get into the business…then don’t. No one is forcing you. You either want it or you don’t.
@@Robuilt *"Losing attitude"* is a *REACH* You find deals everyday, I get it you're a pro! However, are these in your *market area?* Are you *scaling* in these areas? I think that's a little *unfair* to mention considering the *influence* already accounted for. Second, your video is speaking on *IF* you lost everything *NOT* you starting over. Get it, it's like one of those *what if scenarios* or *Hypotheticals* It's *NOT* black and white as you make it sound. There's smoke in this mirror
People forget Rob started his youtube channel with DIY stuff. I found Rob when he did his backyard ADU video and just watching him grow. Thanks for the content!
Bottom line is...do the work. It's why I still follow your stuff Rob. You're the real deal.
It’s always hard, always looks easy from the outside. Ty rob
Yo Rob! I hear your frustration in the intro about excuses and how it requires hard work to make the income. It’s true. We have a few airbnb, and a few long term rentals. There’s a big pay-off for a lot more work. Be well out there.
This is good stuff!! I own, manage and do rental arbitrage. I would also pay $100 a month to teach someone and have them help me. I’m in Hostcamp so learned lots of the skills but Rob puts a lot of info in RUclips. Personally my take away is I need to post on social media. I’m not new to real estate investing or Airbnb but I look forward to watching the rest of the series. Thanks Rob.
This was amazing! Do in-depth! I loved this video & all the tips ❤
Super helpful for those of us just getting into CoHosting!! Your videos have been so helpful for the journey…
Almost finished getting the ultimate cohosting portfolio together. With more of your wisdom, super excited to also start birddogging while searching for clients!! Awesome stuff as always, stoked for the rest of the series 🙌🏼
I like the video! Great advice. I got two rental arbitrage this year and got a cabin under construction now in a popular Kentucky market which will be our first owned investment . I got burnt out for a little while but now back on track.
Are you investing at the red river gorge??
Rob - broken down so well, thanks for sharing
Love the idea for this video. It's a grind, but that's how it goes starting out. I spent 2 years starting a traditional business working all day and then waiting tables/bartending at night. I had ZERO time for 2 years. The video is for illustrative purposes, and of course everything will not go perfectly, but you get the idea. There are ways to hustle, be opportunistic, and create extra income. If you don't like arbitrage (or the other strategies listed), don't do it. Find something else; or get a non real estate side hustle to pile up money. Starting a business from zero and building it is gonna suck for a couple of years. Also - I'd gladly pay someone $100 per month to be a VA for my properties. That's a great deal and great idea to get started and educated.
I've purchased two homes to airbnb last year. Both of these homes grossed over 105k, and both broke even. I have homes that I purchased a few years ago that net 20k a year. I like Rob, but he's being a little dishonest here.
I agree, rob doesn't talk about the negatives. I find it hard to watch him since he isn't transparent about how much money you can lose if things do not go well. He talks a lot about the upsides but skims on negatives on how much money you can lose if things go south.
How does your investment not working out prove Rob is dishonest ?
@@Bluegrassrentalsofeky Get on airdna and find a property that will be profitable. I bet you can't in today's environment. You'd be hard pressed to break even.
What area/ state?
Can you share more about your journey? Ex. Did they break even because your cost included furniture setup? After which you’ll make more $$? Are you including write offs from taxes?
Always Valuable Content 💰
problem is I must eat sometimes! and Live others.. As long as the renters never learns where the money goes....ell is well. Not many people ay 19X typical monthly rent payments!
I'm definitely interested in co-hosting because I have a rental property and have had a mid-term rental. Just don't have the capital to expand. Co-hosting seems like property management without having to go through any state-required education and licensing. My state requires property managers to have a real state brokers license. lol.
Offer a re agent a % for partnering. they would only be lending their license
Thank you Rob!😊
How to finance furniture if I have bad credit?
You changed the FPS on the videos. Looks crisp.
I did, but it was an accident lol. I was actually annoyed at myself for this blunder haha. Glad you like it though. Just goes to show I overthink things.
I did video production for the USMC for a few years so I just have a high attention to detail. I prefer 60vs30 myself as its just more crisp and still has motion blur. @@Robuilt
Truth is, STR's produce roughly 3x-5x the revenue of a LTR on the same property. With arbitrage, you make your money on that spread between the base LTR rent and the STR rent. The higher the actual gross revenue, the more the spread makes sense, so entry level properties make a lot less sense. Keep in mind you are on the hook for the base rent.
I love those extras you have in some of these shots: stealing hotel towels, how to hide bodies and answering Karen guests 😂
Yo dude, thank you so much for breaking that down. It's actually not that hard!!
Yes it is
Good Video. I own a house that i do STR on.
Can I write over an other person to run the business on their name while Ibalso are registerdcat the same adress?
Airbnb is way too over saturated... If you start this year as long as you are prepared to cut your prices to compete and are prepared for the busy and quite seasons then you can make it. It's actually really great to co host right now. There are co hosts that make much more money than owners with zero risks. I know of hosts than own zero properties that charge 15 percent to owners and have over 30 to 40 properties that are killing it! This is the best route to go but not easy anymore because owners now want you to already have listing before they are prepared to give you any property to run.
I’m about to lose it all to regulations. I don’t even know if I want to restart. I do like the idea of being a co-host on the side though. That’s a sweet little side hustle. I already manage mine & 40 other vacation rental properties, I’m sure I can handle ten more. 😅
You manage 40 short-term rentals?!? That’s nuts. I’d venture to say that’s a little more than a side hustle 😂
Why are you about to lose it all to regulations?
Me too.. its the taxes, the fees, the housing city rules. ETC ETC they city state & county are all trying to shut me down.
@@kimberiysmarketstrategyhave you thought about the idea of renting by room? Could be a different way to rent your property to make enough to cover mortgage . I’ve heard of other investors doing this strategy
I have a team to support me with the 40 beach rentals, I work for a well known vacation rental management company. My personal rentals in New Orleans I manage remotely. You can google STR regulations in Dallas, Denver and New Orleans to learn more. I can’t think about it anymore, too much to explain.
Hey There’s no link to the FB group in the description.
Here you go!
facebook.com/groups/robuilt/
I host someones home at 15 percent and its been a nightmare. Some people are very hard to work with. Also, i have a house in joshua tree. Super host and guest favorite . 2 beds. Private half acre, hot tub etc. I will be lucky to pull in 40k this year.
Hi! Have you considered adding more beds? More beds = more heads = bigger pool of people looking. We added more beds by utilizing a space in living area with a twin trundle so two extra beds. I think 4 beds is a MUST now Adams if your competing in a market like JT
Well, if you got no experience I wonder who will trust you with step 1 and 2. And everyone sells the ‘rent to rent’ strategy as great is like ok, I’m screwed if I have no money and my property doesn’t rent but I have to pay the real owner money or when I find a renter who don’t pay rent.
Most people accept that they’ll need to train you on a VA/internship type of role. I would.
What does the note behind your plant say?
It says:
PEOPLE TO KILL:
David Greene
Henry Washington
Codie Sanchez
Pace Morby
Jamil Damji
Ryan Pineda
Tony Robinson
Lol I’m a landscaper, never found a note like that behind a plant🌿😁🌿
Gotta have a brokers license in certain states to manage properties. Careful.
Not for short term usually
@@Joe-nx7nj what do you mean? In NC, you gotta have a brokers license to manage any property
@Joeslowcostlifestyle-py9ww in california if it is a short term(less than 30 days- i dont believe you need a license- many people are hosts and co hosts without licenses here)
its not an excuse, and also its not easy for you. having said that, you never had issues like me, i wonder if you would ever interview me. i only have on str since july, but i made superhost in the first 2.5 months and since then keeping the 5stars up.
Is it considerably harder to start in 2023
Yes it is but if you don’t start you get nowhere 🤷♀️ I bought with creative seller financing. It IS possible.
Some people want it. Some don’t 🤷🏽♂️ I think this video breaks down a realistic path for anyone.
Where do you find people looking for arbitrage opportunities???
Mind you this is what he *WOULD* do *IF* he lost everything. It's *NOT* a reality considering the market right now. He's *NOT* mentioning how *difficult* it might be to *FIND* a deal and or *PARTNER* in the current market. Talking about the *money and or ideas* is *Inspirational* but *NOT* realistic.
I think you have a losing attitude.
I find deals every day. I‘ve launched 3 arbitrage units in the last three months. If you don’t want to get into the business…then don’t. No one is forcing you. You either want it or you don’t.
@@Robuilt *"Losing attitude"* is a *REACH*
You find deals everyday, I get it you're a pro! However, are these in your *market area?* Are you *scaling* in these areas? I think that's a little *unfair* to mention considering the *influence* already accounted for.
Second, your video is speaking on *IF* you lost everything *NOT* you starting over. Get it, it's like one of those *what if scenarios* or *Hypotheticals* It's *NOT* black and white as you make it sound. There's smoke in this mirror
Yo dude, thank you for breaking that down, that’s actually not that hard 💈
I think this video I super dope
would definitely work if you simply tripled the number of hours in a week ✌️
Didn’t say it’d be easy.
"You down with O.P.P.? Yeah, you know me."
That air bnb , is bad right now .. ? Mtr is the think now
Considerably the most off topic comment, but grow your hair out. Long hair would suit you brother!
It’s less off topic than you think lol.
WAIT! I paid $22.93 for my double protein buritto! Thats not fair! WTH! 😂
10x this with glamping.
What if I say that our interest rates were 27% at some time? That getting 12% was pure luck?))) you need appreciate what you have.
"Fart face" 😂
Yo dude, thanks for breaking that down... that's actually not that hard.
not robuilt creating a pyramid scheme for airbnb
I don’t think you know how a pyramid scheme works.
Why not just save money and buy your first place with cash and bypass 100% of this video
this guy is full of himself.
First!!!