I owned a bed and breakfast. Over the course of eight years, I never once had a problem with guests. We made it so expensive that the rif raf stayed away. We hired a teen to help with cleaning, and we used the income to pay off the mortgage seven years early. The only downside was living like groundhog day, over and over. We were a small business that netted about $4000 a month. We spent about one hour per day on average working the business. We could have expanded, but chose to cash in the chips and move. We were landlords for years, and would say that the B&B was much easier, and much more profitable.
Thank you for these warnings! I’ve dreamed of running the most romantic b&b for honeymooners and anniversaries and I needed to know the worst that could happen before moving forward with my dream.
That personality point is such an overlooked thing but it matters alot, I was a salesman once and me and a coworker once competed on who would get the most sales monthly, I was about average but she would beat me every time but the difference was she was a very happy and optimistic social butterfly and I'm a very cranky and serious individual, so who would you think could better persuade random people to buy? surely not the guy with a frown and short patience.
I'm always interested in the downsides of running these businesses. It's the information they don't want us to know which is why it's nice to have you explain it.
Depending on the area, demographic conditions 🇺🇸, I'd say do NOT start a hotel, motel, extended stay. To maintain a living space for 10-200 guests is not for everyone. Heath codes, safety, credit cards/💲/payment, labor-staff, ads-websites-schedules, insurance. I worked as a security officer 👮🏻♂️ in a few places: central FL. Guests lie, fight, steal, damage property. Human trafficking, drugs, pest control can be serious problems. Mon to Thu most hotels, motels are barely 30% occupied. Metro Orlando.
We bought a house to use for Airbnb in 2016. It got worse every year and 2020 was the absolute worst due to covid restrictions. Bars were closed so people would try to party in our house. Underage parties, unruly people, marijuana smoke all the time. I’d have to go over at midnight on a weekend to call the police and break up parties. We finally said enough and sold the house in 2021. Oh and Airbnb was the worst to handle. A guest could be setting the house on fire and they would expect you to “honor” the reservation.
First thing I would buy in my hotel is a trash compactor . I would need a reason not to throw some of those people out the window with the rest of the trash. The only downside would be the heavier bill I would have to pay for frequent use
To be honest, about 60% of US 🇺🇸 hotel brands, properties across the nation are owned by Indian or South Asia immigrants. They already expect the problems, flaws, stress of these types of business conditions. I did approx 3yr in Orlando.gov area, 👮🏻♂️ security officer(armed & regular patrol). I saw ODs, domestics, thefts, suicides, human trafficking, fraud(fake 💵, fake IDs). The local police or county sheriffs are lax, unconcerned about helping hotels, motels. A problem hotel may be seen as "cheating guests" or a drug haven.
You are not being negative, people just don't like their "great" ideal shot down. Only it's the same ideal 100's of others have thought of so it's not only not "great" but it's saturated. What is so special about you that you'll make it work when others have tried or got in early when the market was new/down/not widely in the news.
I often get so frustrated with Hotel owners minutes before checkout Calling Or Standing @ my door Banging / YELLING "You've got five minutes to vacate Or we're going to charge you for another night"
Thank you for noticing! I was at a RUclips creator day earlier this month and met a dude with a pro photography channel - he gave me a few pointers. ruclips.net/channel/UCG3iF3ICBWwWgyiOnZBFkyw
First time I've watched you. I don't find you negative at all. Sometimes people need a reality check as they are too excited living in a dream world. Best to make sure you have all facts and figures as you don't want to pump so much money into something for it to fail. Negatives can be turned into positives. You just have to find solutions
Thank you! That is exactly how we intend it to be perceived. I assume some personalities prefer to have blinders on or they would never do anything knowing the risks and challenges 🙂
I grew up working w my parents motel and bars/restaurants. I have to say: it’s constant work, and women complain about everything and make even transactions they aren’t “complaining about” complicated. Men are easier, I wouldn’t want a business that attracted many women. I just wouldn’t. And it’s true, you learn to be very “good with ppl”. Despite this negative comment I’m one of those ppl now because of growing up in these mentally and emotionally draining environments. But I’d still leave hospitality and service industry a one star review. Lol. It sucks.
Lol. Absolutely - for some people this could be a very good business. But, investors need to consider all the negatives before they jump in. Most don't :-) Thx for the comment.
Thanks for the comment! Everyone else gives the "rosy" side of business, we give the reality check. There is no shortage of salesy, hype filled messages out there - we give the counter balance.
Hello! I am late to the party... I am curious what is your opinion on operating a hostel in a popular destination town or major cities? Since the metric of occupancy is based on number of beds available per night and the budget-friendly pricing allows higher turnover at a significantly higher revenue!
Im 17 and came across your channel today when looking up franchising. I wont be 18 till may but my job at walmart definitely wont cut getting the funds for getting anything on this channel. My gpa isn't looking good for college and i don't know where to start if i want to make enough money to do any of this. Could anyone give me some advice?
Internet marketing! Costs virtually zero and if you learn the biz you can become highly successful. keep away from the shady players. Sorry I missed your comment :-)
Robert you are in Canada, but Fanny Mae and Fredy Mac are US institutions. Does your consultancy refer to Canada, the US or both? I would comment that the restaurant might be much cheaper because it is on rented property. If your business fails you can more easily loose it all. In the B&B the assets represent a larger part of the investment.
Very true, although the liquidity of a B&B investment is questionable - especially in the current environment. We have several in this region that have been on the market now for 2+ years. A B&B is more of a lifestyle investment in most cases, and admittedly there are many (well suited) owners who are happy with the decision. We service Canada and the USA. Thanks for the comment!
I was thrown off seeing the numbers and realized these were Canadian figures. Had to convert the numbers into real money. Jokes aside I've always been very hands on with business and skeptical about how hands off these businesses can be and still profit. Am I being unrealistic in thinking you really trim your profits when you need to hire out for a general manager and other staff and/or outside company for things like cleaning? Can you really expect to make these figures when you just setup or even just buy the business and leave it largely to run on its own?
Thank you! I'll take a look at Whataburger. If you are exploring investing, remember our services are always free to qualified buyers www.franchise.city/our-services
Franchise City That’s how it’s still done in Canada, eh? Do I at least get a Labatt and bowl of Poutine for the trouble. How many Loonies does this cost? I’m interested in this service and picking a good franchise fit.
Welcome to the world of Amazon. It's no secret why they are closing. Underperforming stores, market saturation, desire to focus on e-commerce. They aren't opening many stores either.
FC makes some + points. Dollar Generals are BOOMING in the 🇺🇸 southeast. They are in locations, markets stores like Target, Walmart, Costco etc cant or wont get.
I know someone who airB&B'd her extra bedroom. 90% if her customers were people who had to have a full kitchen to cook in (on special diet) because they were in the city temporarily for specialized medical treatments. She never had a problem with anyone and eventually met a wonderful person who became a permanent room mate which was even more profitable so she ditched the AirB&B.
You know you CAN hire people to deal with these type of situations. the owner doesn't have to scrub the toilets or deal with irate customers. I guess it depends on the size of your business.
100% correct - mentioned that at 11:40. Most people considering a B&B are looking for a Mom & Pop situation. Smaller B&B's with just a few rooms don't have sufficient margins to support staff. But if the budget is there - no cleaning toilets! Thanks for the comment.
False. I worked at a few Orlando.gov 🏨 places. 2000s era. Do NOT buy or start a new hotel in a urban area, tourist area. Human trafficking, theft, drugs, scum, domestic disputes(cheaters), employees steal $/damage property. + there are state, local code enforcement/safety/fire 🚒📑💲... hotels-motels are not smart.
Im making $5000/ month one of my single family homes in the torontp area. Theres more than enough left over to higher somone to clean it everyday for $15/hr
I would be hesitant if for no other reason a hotel or BnB that plays by the rules, pays business taxes (that includes charging the usurious hotel taxes that many cities and counties have come up with, commercial real estate taxes and payroll taxes if you have any employees) will be competing against people who are renting out residential properties on Air BnB.
this video made me skeptical of franchise city motive. is it because you cannot make a commission on people renting out their places in airbnb. your reasoning, like mortgage payment balloon payment, isnt too relevant to the airbnb business as a whole.
How do you explain the videos where we interview people who lost their money to franchises? Or the videos where we could make a commission but choose instead to provide a warning? I have seen hundreds of people over the years lose their money due to not understanding the negatives of a business. In a world where everyone touts the positives of business, we simply provide the counter argument.
I remember Microtel starting in the late 1990s. They made several changes & had a good concept. The 🏨 is still around 2020 but I would not suggest a hotel for a business in 80-90% of the 🇺🇸.
I love to deal with problems and people who know everything , it adds a fun challenging twist to your daily routine 🤣and people seem to be getting more nutty nowadays 🤣
I am very appreciative of your fantastic advice. I like when someone can be real listing the cons and not just pros. I am very happy to have received these advice before commencing my B&B project. But this is my baby goal. I just have to be better prepared and up my game. 😊😊
Thank you - your feedback is appreciated! Absolutely, B&B ownership is a fine goal, and yes, there are many very happy and profitable B&B owners out there. Becoming successful is far more likely when you are aware of the industry challenges, and ready to overcome them. All the best!
That doesn't mean you are a people person can handle stressful situations. The point of these videos is to show you the good and the bad side, unlike most people trying to sell you something saying all you need to do is invest and work hard.
And people also always need to eat, yet restaurants fail at a higher level than any industry! These simplistic assumptions are sadly what lead people to losing their money. There is so much more to it than supply and demand. I will agree that the investment can be more stable, and for some people will be a logical investment. Thanks for the comment!
Actually Anthony that's all you need to do and I can sell you my Airbnb account as proof. But you wouldn't want to see that because then you have to be accountable for your own success instead of being a Negative Nancy and using this channel to confirm your limiting beliefs
@@ogdude438 139,000 people invested in a franchise between 2010 to 2015 and LOST EVERY PENNY. I hear the heartache firsthand from people who lost their retirement savings because of a bad decision. If you want to begrudge someone from trying to prevent hasty decisions, do it somewhere else. I never said people don't make money in this industry, they do. But some people, had they had been informed of the downsides, may have made a different decision and avoided a lot of heartache. As to my "limiting beliefs" ..... Picardfacepalm.jpg
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
I owned a bed and breakfast. Over the course of eight years, I never once had a problem with guests. We made it so expensive that the rif raf stayed away. We hired a teen to help with cleaning, and we used the income to pay off the mortgage seven years early. The only downside was living like groundhog day, over and over. We were a small business that netted about $4000 a month. We spent about one hour per day on average working the business. We could have expanded, but chose to cash in the chips and move. We were landlords for years, and would say that the B&B was much easier, and much more profitable.
@@kirstenjohnson_ It became like groundhog day. Everyday, new faces coming to your house, over and over and over. It's a business for older people.
@@kirstenjohnson_ that’s why you automate
@@rogerdodger8415 This is helpful. Like you, that routine would not work for me. Thanks.
one hour per day then who cleaned who answered the phones who managed accounting who bought the supplies
@@TeenGlamBoxx 1) A teenager 2)my self 3) my purse 4) Walmart.
Thank you for these warnings! I’ve dreamed of running the most romantic b&b for honeymooners and anniversaries and I needed to know the worst that could happen before moving forward with my dream.
Thanks for watching!
It's all fun and games until somebody brings bedbugs with them
Lmaoo asshole!!
or something really historic comes along and people get to live for free for a year.
@@ThePeterDislikeShow please, don't remind me! 😱😱😱
@@ThePeterDislikeShow worst part is it didnt come along. it was brought a long and it seems it might be back soon. theyre fucking with us
That personality point is such an overlooked thing but it matters alot, I was a salesman once and me and a coworker once competed on who would get the most sales monthly, I was about average but she would beat me every time but the difference was she was a very happy and optimistic social butterfly and I'm a very cranky and serious individual, so who would you think could better persuade random people to buy? surely not the guy with a frown and short patience.
I'm always interested in the downsides of running these businesses.
It's the information they don't want us to know which is why it's nice to have you explain it.
dabajabaza111 💯
Depending on the area, demographic conditions 🇺🇸, I'd say do NOT start a hotel, motel, extended stay. To maintain a living space for 10-200 guests is not for everyone. Heath codes, safety, credit cards/💲/payment, labor-staff, ads-websites-schedules, insurance. I worked as a security officer 👮🏻♂️ in a few places: central FL. Guests lie, fight, steal, damage property. Human trafficking, drugs, pest control can be serious problems. Mon to Thu most hotels, motels are barely 30% occupied. Metro Orlando.
Quietly knitting and praying lol 😂 that was so funny . Thanks for great advice.
Thanks for watching!
We bought a house to use for Airbnb in 2016. It got worse every year and 2020 was the absolute worst due to covid restrictions. Bars were closed so people would try to party in our house. Underage parties, unruly people, marijuana smoke all the time. I’d have to go over at midnight on a weekend to call the police and break up parties. We finally said enough and sold the house in 2021. Oh and Airbnb was the worst to handle. A guest could be setting the house on fire and they would expect you to “honor” the reservation.
Thanks for the insight! Sorry to hear about your bad experience 😞
Man Robert. Your truth is always golden! Thank u. I appreciate your straightforward responses and information
Thank you Kanita!
First thing I would buy in my hotel is a trash compactor .
I would need a reason not to throw some of those people out the window with the rest of the trash. The only downside would be the heavier bill I would have to pay for frequent use
@griffen98 I have just seen your post and its so funny! You are so witty!
The customers you talk about always complain just to get a free night and are mainly douse bags that want their way I know I work at a Marriott.
To be honest, about 60% of US 🇺🇸 hotel brands, properties across the nation are owned by Indian or South Asia immigrants. They already expect the problems, flaws, stress of these types of business conditions. I did approx 3yr in Orlando.gov area, 👮🏻♂️ security officer(armed & regular patrol). I saw ODs, domestics, thefts, suicides, human trafficking, fraud(fake 💵, fake IDs). The local police or county sheriffs are lax, unconcerned about helping hotels, motels. A problem hotel may be seen as "cheating guests" or a drug haven.
DL Lambert i heard a lot of people commit suicide in hotel rooms
You are not being negative, people just don't like their "great" ideal shot down. Only it's the same ideal 100's of others have thought of so it's not only not "great" but it's saturated. What is so special about you that you'll make it work when others have tried or got in early when the market was new/down/not widely in the news.
Buy a small hotel in Daytona Beach FL or Kissimmee, Orlando FL. A year later you'll feel like you were in Iraq in 2003/2004. 🥴
I often get so frustrated with Hotel owners minutes before checkout Calling Or Standing @ my door Banging / YELLING "You've got five minutes to vacate Or we're going to charge you for another night"
150k Airbnb
Mortgage: 600/month
Condo fees & Utiliites: $400/month
Revenue: $2000/month
Profit: $1000/month
+Franchise City can you do one on Marriott Hotel (Springhill Suits) and Hampton Inn (Hilton Hotels) franchises?
Wow your production values have really gone up.
Thank you for noticing! I was at a RUclips creator day earlier this month and met a dude with a pro photography channel - he gave me a few pointers. ruclips.net/channel/UCG3iF3ICBWwWgyiOnZBFkyw
First time I've watched you. I don't find you negative at all. Sometimes people need a reality check as they are too excited living in a dream world. Best to make sure you have all facts and figures as you don't want to pump so much money into something for it to fail.
Negatives can be turned into positives. You just have to find solutions
Thank you! That is exactly how we intend it to be perceived. I assume some personalities prefer to have blinders on or they would never do anything knowing the risks and challenges 🙂
Refreshing to see someone giving real knowledge
Great and hair raising information.
Don’t use your funds in a franchise. Start off with a tiny house which can average $5000 a month and then grow from there.
Mate you just made me feel destroyed because of my dream, when I get 50...
I grew up working w my parents motel and bars/restaurants. I have to say: it’s constant work, and women complain about everything and make even transactions they aren’t “complaining about” complicated. Men are easier, I wouldn’t want a business that attracted many women. I just wouldn’t. And it’s true, you learn to be very “good with ppl”. Despite this negative comment I’m one of those ppl now because of growing up in these mentally and emotionally draining environments. But I’d still leave hospitality and service industry a one star review. Lol. It sucks.
Thanks for the comment :-)
Agreed. That’s why I’m a custodian
the modern bnb link doesn't work- is there another valid link?
Sorry - must have been removed can't find a new one 😞
I bet you can make another video convincing the opposite 😄 excellent speech man
Lol. Absolutely - for some people this could be a very good business. But, investors need to consider all the negatives before they jump in. Most don't :-) Thx for the comment.
Informative as always! Thank you so much for making the video's.
Keep posting interesting contents like this!
It would be nice if you did a proper dialogue with someone who is doing well with an Airbnb so we can get a more holistic perspective.
Thanks for the comment! Everyone else gives the "rosy" side of business, we give the reality check. There is no shortage of salesy, hype filled messages out there - we give the counter balance.
@@FranchiseCityOnline agreed. Thanks for the response
I'm more worried about what life would be like, if me and my husband and another relative live on site. Would we basically be working 24/7?
thank you very much !
Hello! I am late to the party...
I am curious what is your opinion on operating a hostel in a popular destination town or major cities? Since the metric of occupancy is based on number of beds available per night and the budget-friendly pricing allows higher turnover at a significantly higher revenue!
One star towel miser 🤣
Lots of info. Thanks for the video.
Thanks for visiting!
Im 17 and came across your channel today when looking up franchising. I wont be 18 till may but my job at walmart definitely wont cut getting the funds for getting anything on this channel. My gpa isn't looking good for college and i don't know where to start if i want to make enough money to do any of this. Could anyone give me some advice?
Internet marketing! Costs virtually zero and if you learn the biz you can become highly successful. keep away from the shady players. Sorry I missed your comment :-)
Robert you are in Canada, but Fanny Mae and Fredy Mac are US institutions. Does your consultancy refer to Canada, the US or both? I would comment that the restaurant might be much cheaper because it is on rented property. If your business fails you can more easily loose it all. In the B&B the assets represent a larger part of the investment.
Very true, although the liquidity of a B&B investment is questionable - especially in the current environment. We have several in this region that have been on the market now for 2+ years. A B&B is more of a lifestyle investment in most cases, and admittedly there are many (well suited) owners who are happy with the decision. We service Canada and the USA. Thanks for the comment!
@@FranchiseCityOnlineThat’s true. I will contact you through your website. Thank you.
@@JavierBonillaC Thanks - just replied to you via email
@@FranchiseCityOnline thank you, I’ll send you some info via email. You’re most kind.
Managed a motel, the last 5 mins are gold and 100% true
Thank you for the comment!
As always you’re spot on.
Showing this comment to my wife she never believes me :-) Thanks for watching!
I was thrown off seeing the numbers and realized these were Canadian figures. Had to convert the numbers into real money.
Jokes aside I've always been very hands on with business and skeptical about how hands off these businesses can be and still profit. Am I being unrealistic in thinking you really trim your profits when you need to hire out for a general manager and other staff and/or outside company for things like cleaning? Can you really expect to make these figures when you just setup or even just buy the business and leave it largely to run on its own?
You are very helpful for a lot of people. Can you please upload your video about whataburger franchise.
Thank you! I'll take a look at Whataburger. If you are exploring investing, remember our services are always free to qualified buyers www.franchise.city/our-services
Ok - but who the hell is going to New Brunswick?
Everyone.
So where is this personality tool you mention? Is it online or is it “mid 90s” style via phone or email?
It's actually mid 1880's - via smoke signals. We then chisel the results into a rock and ride horseback with the results to the candidate.
Franchise City That’s how it’s still done in Canada, eh? Do I at least get a Labatt and bowl of Poutine for the trouble. How many Loonies does this cost? I’m interested in this service and picking a good franchise fit.
Nightmare I will stick to fixing cars. Great video like all of them.
I don't see how Walmart closing down. There must be reasons or issues for those stores in particular that are closing.
Welcome to the world of Amazon. It's no secret why they are closing. Underperforming stores, market saturation, desire to focus on e-commerce. They aren't opening many stores either.
FC makes some + points. Dollar Generals are BOOMING in the 🇺🇸 southeast. They are in locations, markets stores like Target, Walmart, Costco etc cant or wont get.
Hello there...I have been looking to frenchise on dollar store is there any video you can direct me or any suggestion pls thank you.
Not a big fan of dollar store franchise model tbh. Our consulting is always free to qualified buyers hit us up on the website.
Weirdos in your house
Thank you for the valuable info, great video. Could you please make a video about online businesses with some potential examples?
My favorite topic! Yes, I will absolutely do so. Thank you for the suggestion.
Cool video
This has to be the funniest, truthful video I've seen on this channel looooool
Truth hurts
And then a pandemic comes along and few people travel and the few people that check in take advantage of eviction restrictions and rent freezes.
Enjoy your content I’ve been putting a few investment videos on myself lately would love any feedback on what you think
Make sense!
Who in the world pay $200 for airbnb for a single room in a house shared with strangers ? you can get 5 star hotel with less then that.
I know someone who airB&B'd her extra bedroom. 90% if her customers were people who had to have a full kitchen to cook in (on special diet) because they were in the city temporarily for specialized medical treatments. She never had a problem with anyone and eventually met a wonderful person who became a permanent room mate which was even more profitable so she ditched the AirB&B.
these days people think you just need to put gel in your hair to be looked on as successful
"The Land the Internet forgot", "spoiler alert". There's some great 1-liners in this one! Nice! I wonder what Basil Fawlty would have to say?
Lol I thought of that very show while I was putting this together. Not sure if in todays environment he would have a business for very long :-)
You know you CAN hire people to deal with these type of situations. the owner doesn't have to scrub the toilets or deal with irate customers. I guess it depends on the size of your business.
100% correct - mentioned that at 11:40. Most people considering a B&B are looking for a Mom & Pop situation. Smaller B&B's with just a few rooms don't have sufficient margins to support staff. But if the budget is there - no cleaning toilets! Thanks for the comment.
False. I worked at a few Orlando.gov 🏨 places. 2000s era. Do NOT buy or start a new hotel in a urban area, tourist area. Human trafficking, theft, drugs, scum, domestic disputes(cheaters), employees steal $/damage property. + there are state, local code enforcement/safety/fire 🚒📑💲... hotels-motels are not smart.
Im making $5000/ month one of my single family homes in the torontp area. Theres more than enough left over to higher somone to clean it everyday for $15/hr
@@ogdude438 Thank you for that comment
Great video and I really value your knowledge/opinions. I am still ‘in love’ with the idea of opening a B&B in Europe. Maybe a 3-4 bedroom villa.
Thank you! Agreed, for the right operator a B&B can be a wonderful business.
I would be hesitant if for no other reason a hotel or BnB that plays by the rules, pays business taxes (that includes charging the usurious hotel taxes that many cities and counties have come up with, commercial real estate taxes and payroll taxes if you have any employees) will be competing against people who are renting out residential properties on Air BnB.
I wanted to hear the downside- it is reality!! Thank you… the last thing I need is go into bankruptcy
I think it's wise to first work with single home rental properties(owning quite a few of them) before moving into commercial property hotels.
Good plan! If owning rentals doesnt drive someone crazy they might be ready for the next step :-)
If you do that don't accept section 8.
@@1978garfield what's wrong with section 8, isnt their rent guaranteed
@@nordette yes but they trash the place.
this video made me skeptical of franchise city motive. is it because you cannot make a commission on people renting out their places in airbnb. your reasoning, like mortgage payment balloon payment, isnt too relevant to the airbnb business as a whole.
How do you explain the videos where we interview people who lost their money to franchises? Or the videos where we could make a commission but choose instead to provide a warning? I have seen hundreds of people over the years lose their money due to not understanding the negatives of a business. In a world where everyone touts the positives of business, we simply provide the counter argument.
U should’ve did one on one of the hotel brands
I remember Microtel starting in the late 1990s. They made several changes & had a good concept. The 🏨 is still around 2020 but I would not suggest a hotel for a business in 80-90% of the 🇺🇸.
I love to deal with problems and people who know everything , it adds a fun challenging twist to your daily routine 🤣and people seem to be getting more nutty nowadays 🤣
wow! very informative!keep sharing your awesome video
Generally what’s a franchise cost up front?
Very insightful information! Thanks for showing the other side of things!
Thanks for watching!
I am very appreciative of your fantastic advice. I like when someone can be real listing the cons and not just pros.
I am very happy to have received these advice before commencing my B&B project.
But this is my baby goal. I just have to be better prepared and up my game. 😊😊
Thank you - your feedback is appreciated! Absolutely, B&B ownership is a fine goal, and yes, there are many very happy and profitable B&B owners out there. Becoming successful is far more likely when you are aware of the industry challenges, and ready to overcome them. All the best!
Thank you for your views, didn't consider some points you made!
Thanks for visiting!
You make fair points. I think the counter argument would be stability and longevity. People will always need a place to stay.
That doesn't mean you are a people person can handle stressful situations. The point of these videos is to show you the good and the bad side, unlike most people trying to sell you something saying all you need to do is invest and work hard.
And people also always need to eat, yet restaurants fail at a higher level than any industry! These simplistic assumptions are sadly what lead people to losing their money. There is so much more to it than supply and demand. I will agree that the investment can be more stable, and for some people will be a logical investment. Thanks for the comment!
Actually Anthony that's all you need to do and I can sell you my Airbnb account as proof. But you wouldn't want to see that because then you have to be accountable for your own success instead of being a Negative Nancy and using this channel to confirm your limiting beliefs
@@FranchiseCityOnline *show you*
@@ogdude438 139,000 people invested in a franchise between 2010 to 2015 and LOST EVERY PENNY. I hear the heartache firsthand from people who lost their retirement savings because of a bad decision. If you want to begrudge someone from trying to prevent hasty decisions, do it somewhere else. I never said people don't make money in this industry, they do. But some people, had they had been informed of the downsides, may have made a different decision and avoided a lot of heartache. As to my "limiting beliefs" ..... Picardfacepalm.jpg