Landlords WILL Say Yes to Airbnb Arbitrage if you say this.
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- Опубликовано: 27 авг 2024
- A landlord or apartment WILL say YES to allow you to airbnb without owning property (by using theirs) if you know how to pitch the business. Here are four big points that get landlords to say YES to airbnb arbitrage. You can make good money fast in arbitrage with airbnb. Sean talks his favorite pitch points when negotiating with landlords in this video.
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There are other fake gurus out there that claim to know how to teach airbnb. There are phonies like Chi Ta trying to sell his course BNB university or Brian Page trying to sell BNB formula. There are no name hosts with barely any properties trying to claim they're successful, such as vacation rental machine or bnb riches, or the bnb system. None of these "gurus" have a decade of sales experience under their belt in addition to having over 100 properties. Only Sean Rakidzich with cracking superhost.
Key Take-aways: learn all the typical rebuttals so you know how to answer each one without doubt, hesitation, and with logical confidence
Great advice!
Is there a video or piece of literature that you can recommend?
@@missperry12345 The video you're on? lol
@@WholeArmourMinistries haha
Every sale ever lol
1. Tenant turnovers is a big headache
2. Constantly inside the property, cleaning, housekeeping etc. not unforeseen costs
3. No dog fight it business isn't doing well, because you want out too if it's not doing well
4. You will do more business with them, and dangle the future prosperity (trial "door"). Take over fear, and can't paint future relationships. Give them context that you're a bigger deal
#3 needs editing
same happen to me, my first deal i got 8 doors plus any property they purchase
So, I have just begun to work with this business model, but I've had trouble getting hold of a live person calling the landlords or management companies. Thy are 97% automated. And more than half have a "self Tour" Where you don't see anyone when you go to see the property. Also, I've gone to three apartment complexes now and every one said they don't do corporate leasing or have quite because of AirBNB. Even when I called ahead of time and asked and got an answer in the affirmative. How can I be more certain of my contact before going in? What is the best way to find complexes that do corporate leasing or allow STR's? Oh, main areas I've been looking in so far are Kissimmee/Orlando, Naples, FL, Tampa, FL
Did you ever get help with this ?
I'm just beginning studying the subject matter myself however I found that airDNA shows you where The other airbnb's are And if they're located in an apartment Complex that would be a place to start.
I downloaded the apartment app and blasted an email to maybe 10 apartment complexes. 2 actually sent over a corporate lease application
8:00 Sean you mentioned a spreadsheet to show landlord travel/STR market is uptake as a supporting doc to landlord. 1) Where and how to find such info? 2)And if approach to Apt like you said 10-15 units, how/where to find $$ for deposit and buy the furniture? because Apt management will want to see tax return and how much money we have in bank, income proof, 2-3 month bank statements so on to be qualified? 3) Also how to calculate strategized how many units take at particular location to keep $800/room monthly profit margin? 4) what is the exit strategy and what wording to use on the lease addendum to make sure we walk away without penalty?
You want to avoid property management companies. They make a percentage off the rent so the more they charge the more they make. You want to find landlords go don't use management companies
@@deadcell1I found a landlord willing to rent me his whole home for a set rent. I initially pitched to him that I intend to rent out the home to other renters. I havent told him it would be for the sole purpose of a short term rental such as airbnb. How do you suggest I go about it?
@mrsleepremedy1279 if you’re trying to learn sales to pitch landlords you’re on the right track. This RUclips channel is where you’ll find your answers
Sean honestly you have been and remain the best in the business .
Best regards!
Feels like this type of pitch would only work in run-down properties situated in low interest neighborhoods/cities though ... most interesting properites in sought after locations have 2 or 3 year waiting lists for rentals. Good properties have less than 1% inoccupancy and most are no vacancy year round. Landlords have no problem finding tenants that will stay forever. You'd be better to BUY the property and AirBnB it as the owner.
Thanks Sean for putting these 4 points back in front of me because I've been talking to property managers and they don't want to let me in. As soon as I get to 14 doors I'm leaving my JOB!!!!!
10 Doors for me Vince! I just got started. How's it going?
Vincent are you buying or leasing furniture?
@@thejohnsimienproject7329 you should buy sir
@@currently9143 why
How’s it going
yeah guys, i know some of you are in the comments worried about trying this. I do airbnb before i even heard about any of this stuff its just natural to me. Trust me it works you just have to get that lease babyyyyyyyy. leases are gold-bars in this business.
Lets gooooooo
I have so many questions! Could you guide me?
You give away so much knowledge other people gatekeep & charge for! I can tell you have an abundant mindset & will get good karma in return. 🌟
Thanks Aries!
Don’t we also need to know the legal requirements for the city? Example, in DC you can only Airbnb if you physically live in the home full time and ur renting a portion of ur home…or you have to do monthly rentals (but you would’ve doing so without a proper business license bc u can’t get a business rental license on a rental unit)….I’ve found it challenging to start arbitrage in dc. If anyone has any helpful feedback please comment!
It’s wild that all of these were the main points I’ve been putting together myself before I started watching RUclips videos.
Sean knows his stuff! Always great to hear from him.
Thank you so much for all the great advice. This is the first video that I watched that you uploaded and it has made it easier to want to start my own Airbnb busyness. I am hungry for success and I know I can accomplish it, so I am ready to start my own Airbnb journey.
It’s all in my head just super nervous to get off the ground. I’m hoping to find someone equally invested in growing this business to partner on my first few deals!
What do you have in mind, as I too am looking for a partner ..depending
Can i be your patner🤗?
@@blackpanther-no9zi got some ideas?
@@OneEyedRascal wait for yours first
@@blackpanther-no9zi hey I’m already have a property in play if your looking to partner on a next joint venture I’m ready
When exiting a current arbitrage agreement, do you own the furniture you’ve put into an apartment? Or does it stay with the landlord?
If you put it in the apt... it's yours!
When you say that you can assure the landlord you'll be leaving the apt in brand new condition if you ever move out, how can the landlord trust that? You say it's bc you have cleaners hired who come after every short term stay tenant leaves. But, how does the landlord know you'll make good on that? Maybe you as a renter are emotionally, financially unstable and don't tell the landlord that of course, and so your business suffers, and you don't follow thru on any of that eventually. And maybe even move in yourself and trash the place. How would you show the landlord you at least have a record of being a good tenant? References? And, is the answer maybe that there's always risk and judgement involved, and this would be another case of that?
Mind-blowing information! 🤯 Thank you!
Hi Carmel!
Hell yea I want to join the coaching. I’m jimmy from Key West Florida, I manage one property in the Florida keys and turned it into a event venue. My parter and I are planning on making a imprint in Panama City. Our goal is to have 5 beach side properties in a 12 month timespan.
When talking to apartment complex’s , what manager do I have to set the meeting with.
Hey, let’s connect. I manage a unit here in Orlando .
@@sydonnemyers3383 hey I stay in Orlando and am trying to get in the Airbnb
@@sydonnemyers3383 hey i just move to Florida i would like to start my own Airbnb manage how is your business in Orlando doing
Why don’t you just post the list of the 4 scripts. You’re giving points. Also post your coaching fees.
Where can i find the PDF version of 5 step cleaning system that Sean talks about?
In cracking superhost
How do you know which apartment complexes to contact?
My question is:
When signing you just sign "Boom industries" everywhere the name goes? And as far as the social do you simply ignore wherever it says social or do i write something in that blank?
When I do the online app I'm doing it and filling everything in under my boom industries and my business address?
Also when declaring an occupant and I'm going to the office with a copy of their DL and email and declare them?
Finally, if the office ask why I'm applying as an apartment or what my business is, should I just tell them that I'm an app developer and I host clients at times? Or something not related to hosting?
He clearly can't answer your questions bcs he's just another youtube "guru" that really doesn't do this business and just sells teaching packaging to make side money for his gay partner
This was incredibly helpful thank you 🙏
Hi Sean,
Love your class was curious. I live in LA and was planning on doing short term rentals here but there's a law that prohibits you from doing short term rentals unless you live there as your primary residence. The violation is a $500 fee would the best approach be to just go ahead and assume that's the cost of doing business?
@hellodog Hey I live in Los Angeles as well, I run a short term rental business in LA but it's monthly, i manage 5 properties. Here is the deal, what a lot of STR (short term rental) operators are not telling you.....
A. 80% of America no longer allows STRs, there are only about 5-8 cities left that allows STRs and it's possible it may change any time and wreck your business. The cities that do (do your research) are highly competitive although you can still make some money (nothing like you could 8 years ago).
B. STR are in demand only if you have a good relationship with a building owner or if you know outside investors. Start networking with real estate investors that want to invest and hire you as an STR operator. In LA the demand to live here is so high many building owners frankly don't see a need for you unless you offer them premium's (yearly operating fee's to use their property) which entices them but it eats into your profit margins.
C. Most nicer units don't need you, they have enough demand already. Your demand a lot of times will be run down building owners that NEED tenants and need them NOW. I live in LA and EVERYONE wants to live here! building owners frankly don't need you but the slum lords do! So most likely your first unit won't be in the best area.
D. STRs are no longer allowed in LA, only monthly bookings (30 day minimum) are allowed which decreases your profit by about 150%! Yes that much, your average take home on monthly rentals are between $200-$700 per property after internet, gas, water, etc etc etc
E. I've had building owners want to cancel their lease after the 1st year signing, why? EGO, they start to see that you're making money off their properties (sometimes more than what they margins are after the mortgage payments) so they start charging higher rent or they just want you out. ALWAYS sign a minimum 3 year lease! This way they can't do shit if it becomes a dick swinging contest and this protects you from paying back you furniture costs, liabilities, etc etc
F. Personally I think a better investment is pooling a down payment with friends and family and buy a single bedroom or multi unit building and set up and STR that way, this way you OWN the property for life and the property appreciates and you don't have to worry about insecure or unpredictable landlords. Not owning the property and be a big draw back, you can have a beautifully well operated business that can only go so far because you're working with a scum bag building owner.
mid term rentals ig
@@Niko132 Solid info. Thanks man. Since LA is a PITA, have you looked at secondary markets outside of cities? You mentioned 5-8 cities left so not sure if you're referring to major cities or small cities. So yes LA county might be a headache but what about the cities just outside? Good luck and continued success
@@currently9143 Mid term is allowed in LA if non-primary?
@@cyrusjulian187 yes, only short term is not allowed. search up the ordinance law thing
as you grow and gain more and more properties, how much is the cost for furnishing the place? is it like $5k per property or $10k?
It’s more like $6k as opposed to $5k a couple years ago
And you don't make this 5k back for over a year on that property dur
I’ve been trying to pitch to apt complexes & they’re not interested Lol as soon as they hear corporate housing they “don’t do corporate leasings”
Did u ever find an apartment .. how is it going
These are great tips for Landlords, but how do we get past the Realtor representing the owner??
You don’t. (My approach now is to win the realtor over)
Schedule a call with my team using my link
Linktr.ee/rakidzich
Ya but how you lease or rent if you don't have w2 proof of income or cash or no credit history ?
Anyone know how much his training cost? Want to get an idea.
Should I still get a LLC if I want to only have a rental arbitrage business with homes and not apartments?
Yes. You're running a business.
Thank you for the reply
You always want to be incorporated no matter what kind of business you do because of the liability protection
Where are people going to live???
Thank you so much!
Excellent Points
Hi Sean, are you willing to do trainings on Sundays or weeknights?
When you sublease, do you use “Rental Insurance” or “Landlord Insurance” on the property
As a renter, you’ll use renters insurance
And airbnb will cover your reservations liability
@@AirbnbAutomated but this is wrong. renters insurance will not cover anything if the house is used as a short term rental. this is fraud. you can't tell people this. if this is what you are telling people than you are running an illegal enterprise.
Love this video!!! You are such a smart guy!
Please write an Airbnb book 📚
You make a lot more money per unit when you own ... without a mortgage. But that's not at the reach of everyone.
I just wanna know how bnb host or bnb rental businesses are operating in other cities and countries doing business
LoL, well the average go-getter likely jumped into to the deep lake even though we were told to play in the kitty pool.
There is nothing wrong with being ambitious
How can you be connected and your website for more details?
I’m subscribing
What should I say when They want background checks for every person in the apartment
Hi Sean. Where can I find the scripts that you use to pitch? You mentioned that you also include the cleaning steps and schedule. Where can I find this?
Umber 3 didn’t make sense to me. But the others are great
What does it look like as far as a work schedule and finding them landlord's
How do you research the potential gross revenue of a potential location and apartment size? That's what's keeping me from pulling the trigger with arbitrage. I'm worried about taking on a lease that is to high to make money and potentially lose money.
Airdna
I believe AirBnb shares that info with you via zip code.
Jessica mentioned Airdna, which is very helpful.
Make sure the regular long term rental rates are enough to at least break even. Not ideal but at least it covers your butt
So how do we even get a meeting with the landlords in the first place. Also about cameras. Won't some tenants feel iffy about knowing there are camera in the space
Me personally, i would rather deal with apartments because im a business man, not a sales man. If i can convince a large business to deal with me, i can hang that over a landlords head like "dude i deal with multimillion-dollar land-owners" I mean i wouldnt say "dude" but you get what i meeeean
You could say dude. You should say dude
🎯Totally agree with this Paul
So I have a LLC and if I'm doing corporate leases do I need to have a extra waiver about subletting if it's under the LLC? I understand if I do a personal SSN I would need a waiver getting permission but do I need the same with a LLC
I want to do this in a rental that i am already in paying rent as a tennant. The rental is property managed so i dont deal with any landlord. Best way to go about this?
Easier said than done.
How to find these landlords?
very good
Whats everyone's average profit per unit and/or home?
I've spoken with many air bnb renters personally and they all say about 20 days a month rented is the MAX.
By my math, your lucky to gross a few hundred dollars a month. After my cleaners, electric, water, etc. I've lost money and/or created a headache hustle
Can you only apartments.
valuable information
How to do airbnb arbitrage in SF?
How can someone become your student?
I bought the other coarse and now I’m regretting it
man that sucks. But it's money spent on yourself, hopefully still a net positive. which course?
How much is your course?
Hey man! Interested in your clas that teaches the script and sales role playing but the links in this video don’t seem to be working. Let me know my next steps
Classes.milliondollarrenter.com
sean your the man keep it coming !
Thanks!
Is there a way to get ur LLC in Canada? Or anything else
Is your course suitable for the UK?
Absolutely is. It’s the same dynamics
Wow, this was amazing
at 3:33 he said "three" :)
Sean, Houses and especially Condos with HOA's (with anti- airbnb guidelines) are pretty much "untouchable" correct?
Unless the bylaws were not properly ratified
And where do we find that information?
The minutes for the meeting when they voted
You kinda contradicted yourself. You said offer to sign a 3 year lease, then you said if it's not profitable then you can just walk away. Any landlord will hold you to that 3 year lease and walking away means kiss your deposit goodbye. At the least.
That’s not really a contradiction.
You can negotiate a very small deposit.
how do i become a student?
Hey there, I am the fun. Thx for all useful info. I wonder one thing which is how do you run all that 100 doors. What program do you use or do you have a stuff to do that.
Has anyone taken his course? It's $1,200.
Just don’t tell them that’s what you’re doing
Im you student, i have signed up for your course, is there some way to ask questions other then comments on a video that you may or may not see?
Jamaica
Why should your cleaning staff be twice the week in the property if people book for months ?
With 100 properties we get both types of guests.
Great content.
Okay, how can be a student? I have airdna, capital, but no one wants to say yes here in San Antonio. Can’t believe that guy got apartments in Austin.
Are your in my Facebook group yet?
“The hosts of airbnb automated”
Alberto there can get you onboarded
YY-YO! THIS HAS BEEN @THE BACK OF MY MIND FOR QUITE SOME TIME! Basically, ur just selling/negotiating; something I'm still breaking into.
yep its a sale!
Anyone doing this in NYC?
I imagine this doesn't work well for introverts and people who hate being a sales person.
There’s a book for this. “The art of the sale”
Wow, you look so young in this video!
I’m a time traveler
if im 22 am i too young to start this. will landlords look at me at a threat?
You’re not too young. Don’t mentally try to disqualify yourself before you even get started.
I dont know why but i feel like he is wearing pj pants 😂
IM SIGNING UP FOR YOUR COURSE "RAT NOW" ... And I cant wait
Lol spoke too soon!
Often, much of what people are offering and making videos about fall under selling w/o them knowing FUNDAMENTALLY.
Ur a REAL one. Glad I subbed when I found u.
And thanks for sticking around
Anyone doing this in Houston?
I am , you ?
@@glaxayregions9215 I’m thinking about Houston
@@glaxayregions9215 if youre doing apartments do you mind sharing the name?
What if the landlord decided to put his property himself to airBNb 😢
Then he better get ready to work for once in his life
I doubt you even understand the meaning of Guru
Guru is a great teacher, who can relate to anyone in the matter where they are at in life.
Gs
First!
You should be in jail
I am in jail. Thanks for visiting
I really like what you’re selling. However, what’s pushing me completely away from wanting to look further into you is the fact that you continuously slandering other businesses (not by name) to make yours sound better. No matter how many facts you have to back how well your business is doing, you should never say things along the lines of “if you go somewhere else you’ll be getting trash”. That’s absurd and unprofessional.
You can interpret it as unprofessional. The truth is that in this world (RUclips / guru culture) there are a LOT of bad actors.
if you continue to watch how to videos here, either airbnb or real estate you’ll notice it. Everyone is angling st something. So yes, I am actively disparaging other sources, as a protector, not from a place of ego.
🤍
Does anyone know how much his course is? Im SO READY TO START!!!🤍
Even if you start an LLC, won't apartments still want to run your personal credit? How do you avoid that if you don't have the best credit?
no they won't. so an llc avoids the credit issue
I am running into a problem with this. I have an LLC and I always pitch that I am looking for a corporate leases in my LLC name but apartment complexes continue to request my SSN to run a credit check.
@@stephaniejames1718 they are basically asking for a "personal guarantor" on the lease, which you do not want anyway...So you would say "no" to that....
@@RussellD11 Thanks for the feedback! What might be some reassuring tips to offer them in lieu of providing a personal guarantor?
@@stephaniejames1718 as a general business practice "you dont".... Like I worked for a car dealer and when I got new parts accounts set up, they always wanted a "personal guaranty" and mind you this was a 30 year corporation I was in.. And I said NO, we do not do that... They said OK... lol... Its like co-signing for your kids car, the more people you can put on the hook, the less risk they feel ...
But that defeats the whole purpose of an LLC correct? Sean, talked about "aging you LLC" in a previous video, which does have some good points... The older your LLC is, the better... Thus he advised getting your LLC WAY before you where ready to start... Over 1 year is optimal....
Good luck!