Don’t Start an Airbnb Arbitrage business before watching this
HTML-код
- Опубликовано: 27 авг 2024
- Before you can get started renting to airbnb, you need a legal document ready and a landlords permission. I go over some of the finer points of negotiating a lease with a landlord and what goes into a lease addendum for airbnb arbitrage in this video.
Rakidzich.com
Host on Airbnb:
www.airbnb.com...
JOIN VRBO:
bit.ly/Join-VRBO
------------------------
My Links
linktr.ee/raki...
Check out my courses.
classes.millio...
JOIN PEERSPACE
bit.ly/3HWe2g1
All The Rooms - Advanced STR Data Platform
analytics.allt...
I use Wheelhouse. Check them out:
www.usewheelho...
WHAT I BUY FOR MY AIRBNBS
kit.co/rakidzich
MY FREE Facebook Group
/ 442411303158530
Request a 1 on 1 call with me personally:
clarity.fm/venom
WHERE I INVEST MY SPARE AIRBNB COINS
ibkr.com/refer...
---------------------------
Join this channel to get access to my private coaching Q&A sessions with students:
/ @airbnbautomated
If you've been following Chris Choi, Chi Ta, Alexia Wright, Jorge Contreras, Tai Lopez, Brian Page, or any other influencer that teaches airbnb. Reach out to me directly for a FREE course.
#AIRBNB #REALESTATE #SHORTTERMRENTALS
I started gettin into arbitrage last year, on my third unit, this videos a good introduction, also worth adding to choose your town extremely carefully and pay for air dna, some towns are a waste of time no matter how hard you try. College towns are incredible. Also don’t keep locked in booking rates, check out your competition and bring something to the table they don’t have like a body of water or pool table, and learn what is working from your local contest also 🙌🏼
hey, I am trying to start do you think a can contact you via email? please
You don’t need to pay for airdna if you know how to do market research
Kkl 😊on😊kiokkokkkkkj😊kkokokk😊kokkkokkk
@@AirbnbAutomated How do i learn how to creditably market research?
@@AirbnbAutomated also interested in market research
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Sonya lee Mitchell’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
On her page, she appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
You’re a blessing! I pray that people find you before they fall in a scam, where people say “buy my course” before offering any info and not checking motives of their students, and new students fall in trap with other students who have bad intentions of scamming new ones for money instead of networking and growing together.
I was just watching a RUclipsr expose someone that was doing this
@MONITRIQUI, any luck with Mr. Sean?
Just started my str and just posted my first one on air bnb a couple of days ago .. just waiting on my first booking 🤞🏾🤞🏾
Good luck buddy!
Hows it
How is it going?
@@disispressi2189 going pretty good honestly got my first booking shortly after this comment and I’m booked up the majority of this month and gotta few next month already
@Lamar Simss congrats! Did you do rental arb
I live in central FL near all the attractions so I think this will work well for me! I have my notebook taking notes on every video I watch thank you !
how’re things going?
99% of landlords will say NO. Find a property with no neighbours and shove it on Airbnb. Simple.
how exactly with no neighbours?
@@user-aniteamlr it’s tricky but can be done. First apartment I got caught. Managed to find a mews house with a huge apartment block on one side and an enclosed apartment complex on the other. This worked well until the lockdowns ruined it all. Subletting in an apartment block or having nosey retired neighbours next door will get you caught.
This video is very important pay close attention everyone. Thanks for the wisdom
Happy to help
Bro you are a legend my full respect goes to you for being honest and giving us the information. If I could subscribe 100 times I would !
Thanks for the info. Bringing value and showing your knowledge and personality instead of hiding it behind a course or paywall, is precisely what makes people want to dive in deeper and buy your course. Will continue to watch and definitely will consider joining the course.
Obviously this is happening but to me it makes zero sense. I don't understand why a landlord would allow a tenant to sublease their property for more money then they are charging for monthly rent. Why wouldn't the landlord just do the short term rental and keep the profits for themselves?!
Most landlords dont have the time and energy and skills and risk management to handle an airbnb
A longterm lease is super low-effort and low-risk since you only have to find 1 family that wants to rent and you're set up for years (plus the house becomes their responsability, they have to clean and do everything and you're just collecting money every month) while for short-term rent you have to find new people daily, clean the house every time, handle the neighbors complaining, handle the damage done by the different people that come, handle your listing's reviews and handle the risk of not finding new people to rent for and losing that money
THANK YOU SO SO MUCH. you gained a new subscriber and I will send this to everyone i know. I almost paid for the course. Thank you. I'm glad I searched it up first.
Thank you, this is the best video on this subject!
The pink one does look super cool, but I think I do like the green one the best. Dude you did a killer job on these wow 😯
I love your channel. Thank you!
I started with arbitrage but I got blocked by Airbnb because they told me that my property doesnt exist even though it is to be found on Booking as well
You were reported
Was just about to hit subscribe and then realized I already am!! Thank you Sean for being such an informative source on this, god bless you!!
Airbnb sucks these days. Earnings are garbage. But I still like you Sean
Life is garbage lately. That’s why crypto is up.
Wait so let me get this straight. I sign a lease, which is a commitment. Then I ask for a lease addendum, which is the thing I really need?
What if the property owner says no? I feel like I'd be stuck in limbo. Lol
You get the landlord to agree to the addendum before you sign either document and then you sign them both at the same time
@@AirbnbAutomated excellent! Love the video and info quality btw.
@@AirbnbAutomatedthank you
Plus, there’s so many sick creeps out there you know there’s hidden cameras in all the rooms, scary and absolutely no privacy!
Thank you this was so helpful!
I didn't even know if this was still possible anywhere. Thanks for the video!
No problem!
Blue is always soothing 💙
We work remotely. We're looking for a place that can serve as our primary residence during the school year, but also as a short-term rental during the summer and possibly holiday seasons. 🌞🎄 This way, we can enjoy vacations without worrying about paying both mortgage and rent! 🏖️💰
We'd love to connect with locals in the STR industry or anyone who help us find the perfect property that fits our unique needs. 🤝 If you have any recommendations, tips, or if you provide services related STR in the West Fort Worth Aledo area, please drop a comment how to connect.
In order to use the Lease addendum. Should I leased the apartment under my name ? Or under my LlC ? If so under my name if anything happened wouldn’t that affect my personal credit score and all ?? Also should you negotiate about the lease addendum right after you have been giving a tour ?
You’re absolutely going to use your LLC always
The lease addendum is introduced after your pitch with a landlord has been accepted.
Thank you for answering,
I am trying to get my first unit. Going for a tour this week and I will prepare a lease addendum just in case.
You’re very kind to share these informations .
Respectfully yours,
@@AirbnbAutomatedhey why under llc always
Great broadcast
Also I like the green masculine room, and of course my wife and kids like the purple and pink room.
Great information! Thank you 🙏
thank you sooo muchhh I was contemplating starting but you motivated me. For some reason I trust you just listening to your voice lol I am pushing for my first unit by June just because of you thanks ❤
Congratulations! I’m rooting for you
How is it going for you?
Thanks. I own a modest house property in the Santo Domingo D.R., in/near a rapidly growing area with a lot of building of all sorts. I'm curious to learn. Am presently speaking to a close friend or two about this. Advice?
Thanks for the info brotha!
The blue with green looks very nice 👍😊😍
Have you done any?
Im uk, council tenant very bad credit. Is this something i can do still? Also i only have £1000 i would be able to start out with and no extra cash to rent somewhere?
I do construction in Houston as a project manager/superintendent. Did you get those properties in Houston fixed? Let me know if you’re looking for someone local to help. Cheers!
I have a question that nobody seems to address… how does one get in direct contact with landlords to negotiate a deal, when all properties in my city are listed and managed by real estate agents?
I don’t think anyone would post a video like that for free. That’s true.
Because also my sales system doesn’t try to bypass the agents
Smarter/easier to rent out an apartment or a house?
How would you approach this with an apartment that’s under a company and usually doesn’t have a landlord on site
Sean, who are you using to set up bonds to secure a property?
How many do you need to quit your job? And how long does that take
If so many landlords want to "share the profit" why not just start a business that decorates and runs STR on behalf of lanlords?
In exchange for sharing in the profits, the landlord accepts some of the risk by not charging you rent. They're already willing to forgo several months of rent to negotiate a lease agreement so surely they'd be OK with providing a 60-90 day period to show results.
The STR manager does all the same things they do with rental arbitrage but they don't have the risk inherent with a long-term lease.
It's less risky, easier to scale and, best of all, it's win-win.
Thank You for all the incredibly helpful information!
Why would a landlord want to do this ?
Pink is my favorite too
Thanks for all your valuable input. While Iove the idea of making money out of a rented property. I feel like it is very difficult to achieve coz it's high risk for the property owner. Why rent to you when they can do Airbnb themselves and earn more?
Bc most dont have the time to run it
Do you have a videos on how to get financing to start this?
Trying to count your eggs before the chickens ya know. If you don’t know how to acquire financing first start there, not here.
It is better to buy a property than to do what he recommends. You are not creating any wealth doing airbnb airbittrage, nor do you get any tax breaks. You are at the mercey of the landlord. It is dangerous to do airbittrage.
Thank you!
Wow! I don't know where you're at but bare minimum for housekeeping is $20 per hour. if you're a housekeeper reading this $20 is what you should make.
Sure J. Tell us how the world works
@@AirbnbAutomated gladly, just subscribe to the trademarked Star student program for a small reoccurring monthly fee.
Has anyone said that the changes suggested in the last webinar had positive results?
I’d post this question in some Facebook groups, will be easier to find and get answers to
Thank you
What is happening to those exciting the industry?
Thanks Sean!! I commented on a video recently about exactly this type of stuff. I don't know if you did this because I requested it but I'm sure others feel like me and appreciate your effort.
I currently rent an Apt under my name. Can I simply make a business account under my name , (fictitious name) then proceed because my name would be the business?
thanks so much!
I can not find one single person or realtor or anyone even willing to consider subleting for air bnb
Holy smokes! two thumbnails in a row that you didn't feature Shelby in your thumbnail!
What about if you don’t rent for a month or 2. You are stuck paying rent for those months
If a have a arbitrage LLC do I declare my taxes schedule c or schedule E ?
I live in the state of Washington, it’s said to be that you are limited to only 2 units, is there anyway around that?, someone told me that I should make multiple accounts with each one having 2 units.. will that work?
What did you find out. I also live in Wa state. Would love to connect with you
Sean.... there is no link for cracking superhost. Not on your website either. Can't find.
Classes.milliondollarrenter.com
@@AirbnbAutomated That sends me to Airbnb MBA 2.0. Is that what you mean? I even logged out and viewed all classes and that class is not on there. Just fyi.
Youre a handsome dude and i just started watching your videos from the very first upload but man did stress really make you age so much in just 5 years ?
That, and a beard. If I shave, I swear I’m a whole different human.
@Sean Rakidzich didn't mean to sound rude!!! It's just you look different from 5 years ago
I know he looks like hell, doesn't he?
What about doing corporate leases with apartment complexes?
I’ve been teaching how to do that for 6 years. Here’s a playlist on arbitrage
ruclips.net/p/PLjdl1yk0inrX0qF5DD_hi6JO3ipmBORar&si=wIchWA_3mGUq7PrI
I subscribed and don’t like to but you sound honest. Hopefully..
Thank you for the vote of confidence. I’ll try not to let you down
I haven’t received the target webinar replay
Search your inbox for “million dollar renter”
@@AirbnbAutomatedok I just did but nothing in reference to the target webinar replay. Last email was from yesterday to ask if I can hop on a call and before that one on the 21st that reference a RUclips video you did on starting a business when you were homeless
@@AirbnbAutomatedstill haven’t received it
I will have Alberto re-send emails to the entire enrolled community
why’s it necessary to repaint and refinish property’s you sublet
U still have to. Pay taxes
The income I make as just a normal everyday employee is not enough to rent more than one apartment however I did get my LLC waiting for my EIN number and then I will get the STR license.
However I'm not sure how I could have any more than one apartment based on my income which is not very much but I really want to start this I feel like I need at least three Apartments to really get the ball rolling and actually make a profit that can start being my cash flow.
Do you have any suggestions?
You can have that same income used for a separate lease application and then a third. They won’t see that you’ve applied elsewhere
@AirbnbAutomated
So, they to be three different apartment complexes that have three different management companies for those apartment complexes? This would be because I'm just starting off
@@AirbnbAutomated
I'm in Austin Texas I'm having a hard time finding apartment complexes that allow you to do Airbnb Arbitrage for the whole month so far I have only found some that allow you to do it for 12 days only and that won't do I need the whole month so I can make a profit if I only have 12 days that I can rent out then there's no reason for me to do Airbnb Arbitrage. I've done the numbers enough to know I wouldn't even make the rent so I wouldn't make a profit.
I would looooove to hear your thoughts on Inaya McMillan’s teachings .
I literally only trust your content
The first tip I heard her say in a video someone showed me was “automate your messages”
her and I materially disagree on approach so far. I’ll look at more of her stuff to see what’s up
@@AirbnbAutomated thanks to your teachings I fundamentally disagree with so many of her teachings.
Also helped to watch your content creating video to spot that she’s only interested in selling her course . Thanks Sean !
Any advice on convincing a bank to give a loan for arbitrage? Trying to acquire a MTR arbitrage business of 17 units but banks aren’t interested in helping due to no collateral.
You don’t need that much money for arbitrage so you could file a new LLC and get a no doc loan for up to $50,000
In my mentorship, Cracking Superhost, we have a business credit coach that helps students build this
Also, don’t buy a business that does only MTR, that is a narrow approach to the market and won’t survive adverse market conditions like a short term rental company. Because an STR can always do MTR also.
@@AirbnbAutomatedWhat’s MTR please?
Are these apartments? Or large management companies? Or do you approach personal landlords?
I had a management biz for 2 years after COVID and last year just changed it to renting the houses out. I've got 5 atm that all came to me from my website. I made videos on what I do so the owners already know what my business does and they come to me. I find that easier than chasing people. Lots of people in my town use management businesses too and are at a loss so people with decked out Airbnb that fail come to me too. So they are already fully furnished houses ready to go. I advertise I'll take their Airbnbs off their hands
Green and blue
I just don't understand why a landlord will allow this, especially an apartment complex.
Why would they not?
@@AirbnbAutomated sorry I don't fully understand the business but just speaking from my own perspective. Being an uneducated and "old school" owner, I would have so many concerns but as you said, you have to know your stuff and be a great salesman.
As a landlord, I would never sign this addendum.
Why not?
Then I don’t think you are best suited for this business relationship. Thank you for your feedback. 😊
@@arronnguyenofficial😂
Next.
IS IT TOO LATE TO START AIR BNB ARBITRAGE?
Hi Sean, what is the FB group with the chat room? Thanks so much!
“The hosts of airbnb automated”
Please help me tell me how
Can we do this from anywhere in the world?
I know of people personally in over 40 countries that do
I’m 10k in debt and not good credit how should I go about starting this
Start an LLC and develop credit through the llc. Also apply for things only through the llc
Pay off your debt first.
sean i would love to get into private seminar with you due to my current situation respond to this comment with directions for how to get in touch with you
DM on IG @airbnbautomated
Pass
Tell me more
I can recognize gon's and killuas hair
Love the idea, but it seems like you need to have a big capital to do all these things.
Arbitrage is the little capital option for short term rentals. Buying is pricey
Green
Just watched a completely different video showing how 2023 is not the year to start an airbnb buisness....so who knows...
Which video?
We have a couple interested parties who will arbitrage out property and manage them from out of state. Is that a good idea?
Hopefully we never have to deal with eviction again, but is it doable if they live out of state?
Thanks
Of course. I manage mine out of state and visit randomly to inspect plus the cleaners send me photos and videos every time they come(usually monthly) so I can ensure the property is in good shape still :)
This person does not teach how to create wealth, you are at the mercy of the landlord. I would not do what he says to do. I wonder if he pays the landlord every month on time. It is better to own a property.
Sam. Thank you for your comments. I hope these videos help you learn how to run an airbnb
He's teaching you to create cashflow. What you do with that is up to you. There's nothing keeping you from converting cashflow to wealth. The way people grumble about free advice from experienced people never ceases to amaze me. You get pieces of education all over the place and compile what's useful to you. Nowhere did he say this was going to build your real estate portfolio.
All peaches and cream until Airbnb gets a call from a crazy guest lying, asking for full refunds. Then they will proceed to block/ pause your listing etc.
You will be at the mercy of the landlord, the guests and Airbnb. It’s literally a pain in the neck.
Oh let’s not forget housekeeping unless you are willing to be the cleaning person. It’s more cons than pros.
@@carymedina2884 1) Cameras in common areas usually solve the lying guest issue, as well as very clear house rules stated multiple times. Once you've established you're a good host it's not in Airbnb's best interest to lose you over a random guest. 2) Airbnb is not the only place you can list your property. Never put all your eggs in one basket, have a presence elsewhere as well even with it's just one or two rentals so you have reviews elsewhere. 3) Anything that makes you money can be a pain in the neck, especially if you own your own business. You get to decide if it's worth it or not. 4) How is finding a good housekeeper hard??? There are so many out there with great reviews that want to work for you and if you have cameras you don't need to worry as much. Honestly housekeeping is the least of my concerns with airbnb. If you get one bad one, fire and move on, there's a billion out there and most do a good job. I'm not saying Airbnb is for everyone but come on. Sounds like you want to just invest in something and not do any work - which is fine. Try the stock market or crypto.
I call bs... No way you made millions on Airbnb paying rent on house's. Maybe if you had 100 properties paid off.
It’s pretty nuts right? My students have made over $1 Billion total
@@AirbnbAutomated 👍
hxh hoodie
Been working on my Hatsu
Clickbait, where is the stuff about -$7000 ?
Well, it’s even worse than that. Just wait for the thumbnail that says -$9500 !! 😨
and this is why the rent everywhere is going up up upup upupuupu pupupu pupupupupupupppppppp lol
No, the rent is going up due to inflation still being a thing, and not nearly enough housing in many areas of the country. More housing equals lower rent. And that is pretty much the only thing that ever lowers it. Airbnb is still a very small percent of the housing market, you can't blame it for high rent. If your area needs lower rent talk to your local officials and ask they give better incentives for real estate developers, investors, and builders to build more. Where I live this would be bad, as rents are stable, we have enough housing and builders are currently backing off. But I live in a smaller town and so far development is very manageable and our city isn't run by idiots....
Think how much money you would have made if u bought some of those properties 🤔🤔🤔
I would have way less properties
Thats the truth! Well said!