Is Airbnb Still Worth It? How Much We're Making In 2023 vs. 2022

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  • Опубликовано: 8 фев 2025

Комментарии • 111

  • @SterlingSansing
    @SterlingSansing Год назад +16

    My numbers are nearly identical to yours. I am in Houston Downtown. Our house is relatively basic with 2015 design trends while our competitors are all complete remodels with 2020+ trends. With that being said I have focused on a few things to set us apart, cleanliness and amenities. While my house is somewhat basic I have spent money on what few other properties have...the landscape. Most properties are beautiful inside but few offer the large expansive outdoor oasis. That's where I see your property shining. I have a simple 2bed/1 bath property generating almost 2x what larger 3 or 4 bed properties are charging just because we have something different. Keep up the great work, excited to be on this journey with y'all.

    • @georgiadriven
      @georgiadriven Год назад

      How old do you have to be to get started? I’m currently 16 !😅

  • @wwgbert
    @wwgbert Год назад +6

    Always good to hear a straightforward answer to this now common question. Thanks for the video and hopefully the bookings continue to roll in.

  • @MsGlamourGrace
    @MsGlamourGrace Год назад +5

    I started my Airbnb in Austin on the January/2023 . It’s been 4 months but only see full booking from March and April . Like you said that Someone paying for your mortgage. But at the same time after taxes and all expenses right now we don’t make any , just make it even .
    This is my 1st property for Short terms . I have some Long Term properties too.
    I hope this Short Term rental investment will make more compare to my Long Terms investment in the future.
    You guys doing really good and I’m so happy for you both ❤️❤️❤️❤️

    • @MariaElaine0516
      @MariaElaine0516 Год назад

      Do you still feel like it’s worth it even though you just break even?

    • @MsGlamourGrace
      @MsGlamourGrace Год назад

      @@MariaElaine0516 it’s depends on what’s your goal or your financial . Right now it’s only few months and I can’t tell for sure . Normally if after all expenses if you can make 4% monthly that is worth of your times, energy ( beside your Job)
      It’s wouldn’t worth it if this is the only investment property and call this is a Main income in my opinion.
      Like I and my husband have to work on weekday and we maintenance the Airbnb On the weekend , try to save the money as much as we can to break all even .

    • @Eileen49654
      @Eileen49654 Год назад

      I wrote a response to the video. In short I've been a super host for 7 years.
      Did fantastic the first 5. From there bookings went down to a trickle.
      The longer we kept the house the less money we made.
      This year and last we are in the red. To continue we would have to spend our own money to pay the bills.
      That's not practical so we are listing our house for sale in Sept of this year.
      We canceled 3 bookings that were so spread out that we would have less money every month
      The reason? Over saturation, now there's way to many airbnbs around us.
      Ours is in a somewhat very popular tourist destination in Michigan.
      But there's still not enough bookings to go around.
      The straw that broke the caramels back is we have to renew the house ins. Because it's an airbnb. ins wants 2,300 per year that's up 600 from last year.
      Price of water went up this last month, internet price going up soon, and utilities also had a price hike
      Everyone wants a huge slice of the pie
      We did all our own maintenance, yard work, snow shoveling and cleaning never paid anyone but we still don't make enough anymore to hang onto it
      The positive is, we didn't invest in an airbnb, we walked away from the house we lived in for 16 years
      It was already furnished and beautiful.
      Plus we made enough money to help us along with some of our own income to purchase and remodel 2 other small houses.
      One we live in, one we rent out and their both fully paid for and are mortgae free.
      We will also make a profit off the sale of our main house, plus we kept it homestead so we will not pay capitol gains
      We will be forever grateful to and for our airbnb house.
      But now it's time to let it go
      Best of good to you

  • @restoring_hope_
    @restoring_hope_ Год назад +3

    i have been following your content and flipped a home into an airbnb, but your content helped me understand and be confident in everything i did to set mine up. got 5 stars and great reviews, thank you guys!

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      We love to hear that!! Congrats to you & thank you for being here :)

  • @Anastasia-ps1lv
    @Anastasia-ps1lv Год назад +14

    I am happy for you guys after all this work you totally deserve it keep going and keep inspiring us thank you❤

    • @kristenandmichael
      @kristenandmichael  Год назад +3

      Thank you! We will keep going & we're happy to empower others to go after anything they want in any aspect of their lives! Appreciate you for being here & your kind words

  • @nataliaflynn7852
    @nataliaflynn7852 Год назад +8

    Awesome video. Thank you! I have an airbnb and came to the same conclusion about long term guests :) Not only it's less money, the house is getting more wear and tear during long stays. Plus, I had a month stay once, when I had to call the police - the guest's parents were fighting while he was at work... I've limited stays to two weeks.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Yikes when the police have to get involved! That is a huge bummer. Smart to limit the # of days of a stay. I believe ours is 14 days as well. Thank you for sharing your journey with us too!

    • @pamwilkinson3901
      @pamwilkinson3901 Год назад

      Thanks from the info. Happy for you! You are smart young people. My hubby & I are looking into this business so we can fully retire. We own our home that is already divided into a duplex. We rent part of it at 2 bed 1 bath. We live in a small town in WV on the river. We will be able to offer kayaking, fishing, hot tub & smaller game room. We live semi close to snow skiing, state parks etc. We will be watching your utubes for more advice! We have lots of remodeling to do, so it will be at least a year. Thanks again!

  • @Time4aKiss
    @Time4aKiss Год назад

    You listened to my last comment & you finally got to the point by not wasting our time with fluff/vlogs. Thanks

  • @sanfordwilliams6845
    @sanfordwilliams6845 Год назад +1

    Thank you! I will definitely be reaching out to you!!!

  • @GregorFilms
    @GregorFilms Год назад +2

    Thanks for the video! I'm interested in starting in airbnb and appreciate these kind of videos!

  • @honeygemcreativellc5876
    @honeygemcreativellc5876 Год назад +1

    We never experienced it. we're in austin texas. switched from long term to str and we love it. we make more money, our property is not trashed, there is less damages, and less wear and tear. I think its like any business there are good and bad business owners but people like to talk badly about airbnb when bad business owners are applicable to all businesses. some do good some do bad.This is the case with hotels too.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Great to know - we have heard this a lot. Bookings are seasonal for us but this year has stayed pretty consistent compared to even last summer. We are already more booked now and consistently than we were last June / July. Whew!

  • @SAMCHICLA
    @SAMCHICLA Год назад +2

    Thank you, guys, for your transparency! You guys are one of the best ❤

  • @Abidjan-weekly
    @Abidjan-weekly Год назад +1

    AirBNB is hard now for some because mortgage is up so people don’t make enough money to pay the mortgage and compensate…..but for someone that owns their house, it’s a great business.

  • @helenwilliams8471
    @helenwilliams8471 Год назад +1

    Sounds like you're looking for an amazing 2023! ❤

  • @Iceloversunitee
    @Iceloversunitee Год назад +1

    Love the transparency! Keep em coming and much success going forward!

  • @heatherhg
    @heatherhg Год назад

    You guys are truly an inspiration! Excited to hear about the other projects as well! I just bought my first house last year and I’m wanting to build an airbnb on the property so if you have any insights or advice to give me I’d really appreciate it!

    • @kristenandmichael
      @kristenandmichael  Год назад

      That’s amazing, congrats on your first house! That is a huge accomplishment & good luck on your STR venture! Keep us posted on how it goes!
      Thank you for being here🤍

  • @nickhollis5308
    @nickhollis5308 Год назад

    Thinking about doing this. I'll have my house paid off in 2 years and it looks like a challenge I'm willing to take on. Love your videos and you guys are awesome ❤ Always wanted to run my own business and proceeds will pay our forever home very quick while reinvesting into the rental to keep the cash flow going. Washington is a great state to visit and should be a hot spot💪

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      Thank you for the kind words and for being here! It’s a fun challenge and there’s always different things going on so it doesn’t get old / boring. And your thought process on it is a wonderful way to set yourselves up for the future/future generations! 🙌🤍

  • @uncledrew4698
    @uncledrew4698 Год назад +1

    You guys have inspired me so much. Hoping to get a property in Florida hopefully in the next couple of years.

    • @kristenandmichael
      @kristenandmichael  Год назад

      That's awesome! We are so glad to be able to helpful in any way! You got this & good luck on your journey!

  • @giorgiamiololavorolibero
    @giorgiamiololavorolibero Год назад +1

    Feel like you’re having so much fun while investing and running your business. You’re great!

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      It’s definitely stressful and overwhelming at times but overall we’re having fun! Haha :) thank you for being here!

  • @studiosandi
    @studiosandi Год назад +1

    I think it's really cool that you guys have the same haircut. It's like the uni cut. Did you do that on purpose?

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      Uni cut! A new one! Never heard of that before. That’s amazing 🤣

  • @MegInWhispers
    @MegInWhispers Год назад

    really happy for you guys!

    • @kristenandmichael
      @kristenandmichael  Год назад

      Thanks, Meg! 🙌🏼We just subscribed to your channel! Love the ASMRs!!

  • @thegalexfamily
    @thegalexfamily Год назад

    You guys are the best. I got my professional pictures today and putting up on market today. I forgot which website you use to sync airbnb and vrbo.

    • @kristenandmichael
      @kristenandmichael  Год назад +2

      Amazing! Congrats! You can sync the calendars within both apps. Not a separate site :)

  • @tracysantamour6800
    @tracysantamour6800 Год назад

    What website platform do you use? What was the cost? This is a great video. Thank you so much.

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      Hi there, we use Lodgify, here is a video we did explaining it all and how it works. ruclips.net/video/olK9mjZfzfU/видео.html

  • @skyylark5
    @skyylark5 Год назад

    Are your earnings that you mention after expenses or before? And are you including the cleaning fees? Thanks.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Our earnings are gross, not net (take home). We did share on average how much we spend monthly though in this video!

  • @mark3158274
    @mark3158274 Год назад

    How many units do you have ?

  • @danielkelly8645
    @danielkelly8645 Год назад

    only new to your channel and loving the content. Finding it helpful. I am looking to launch my first AirBnb listing in the coming 30 days. By diversifying across different booking sites including your own, do they all work off a synchronized candler? or what way does that work?

    • @kristenandmichael
      @kristenandmichael  Год назад

      We are happy you’re here! And Yes! It all connects through our direct booking website and we break all of that down in this video: ruclips.net/video/olK9mjZfzfU/видео.html

  • @ronanmayneswaterpolo
    @ronanmayneswaterpolo Год назад

    Congrats on doing so well! Do you ever talk about your net at the end of the month after all expenses are paid?

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      Thank you for the suggestion! We are planning a few videos related to this :)

  • @adelamcvicker9563
    @adelamcvicker9563 Год назад

    Your videos are super helpful. Do you manage the property yourself? If so, how difficult has that been?

    • @kristenandmichael
      @kristenandmichael  Год назад +2

      We do manage the property ourselves and with our cleaners’ help, it’s smooth sailing MOST times. We try to look for the good in the situations we deal with, no matter how stressful things can get in the moment. Learning from the challenges will get you through & it’s helped us immensely. We were actually just talking about it tonight: we don’t nickel and dime everyone because we try to see things from both host and guests’ point of view & we truly feel that’s what’s carried us and got us more bookings!

    • @kristenandmichael
      @kristenandmichael  Год назад

      Also, thank you!!

    • @adelamcvicker9563
      @adelamcvicker9563 Год назад

      Do you mind sharing who your cleaners are or how you found them?

  • @tomj7382
    @tomj7382 Год назад

    Thanks. This is interesting.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Hi, Tom! At 4:14 the graphic says gross profit 2022 vs 2023 🤍

    • @tomj7382
      @tomj7382 Год назад

      ​@@kristenandmichael sorry I watched to the end and totally edited my comment.
      I'm very nervous to jump in but really want to. From NY but I want to spend most of my savings to both move to Florida and start short term rentals. Been putting it off for so long I'm just going to go for it any day now but trying to avoid the worst outcome.

  • @colinmcgraw
    @colinmcgraw Год назад

    Keep up the great content guys! Im giving both youtube a go (your videos are motivating me!). And im looking to get into STR!

  • @Dorumir
    @Dorumir Год назад

    My question is, is it scalable? is it possible at some point to open a 2nd airbnb property (in terms of time it takes) and so on so forth?

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      It’s definitely scalable if you find the right market and pick the right property.
      Our property is a 2 bed 2 bath on 5 acres. Lots of room and lots of maintenance and we market it to couples and friends as a relaxing retreat from the city. If you wanted to scale, we would suggest focusing on a market with a lot visitors and smaller units. Less maintenance and overhead. Also, if you have the right team in place it can easily be scaleable too

  • @gailsebastiao6265
    @gailsebastiao6265 Год назад

    I was told my amenity that VRBO has a lot of spam. Very discouraged against that. What are your thoughts? And what do you think about your experience with lodgify so far? Thank you in advance. Can you do a video on setting up a direct booking website?

    • @kristenandmichael
      @kristenandmichael  Год назад

      We have also experienced a lot of spam on VRBO when we started but nothing since the first month on the app. Our experience with Lodgify has been good - we do get nervous when we're directly booked only because its all on us in a way, without a big corp behind us but that's business - taking the risk for the reward. We are planning on doing a listing video soon!

    • @satyasadasivuni6933
      @satyasadasivuni6933 Год назад

      @@kristenandmichael When you get a direct booking, how confident are you that guests are going to be good without knowing their previous reviews. on other platforms?

  • @roadrunnerridge
    @roadrunnerridge Год назад

    May I inquire who you chose to clean your spa? I no longer offer my Joshua Tree home on Airbnb but pool upkeep is an issue

  • @angelicavasilyev2884
    @angelicavasilyev2884 Год назад

    Love your videos! when you talk about profit, is it gross or net?

    • @kristenandmichael
      @kristenandmichael  Год назад

      We clarify at 4:14! 🤍These numbers are gross & thank you for being here!

    • @kristenandmichael
      @kristenandmichael  Год назад

      Also these #s are 90% from Airbnb. The other 10% is from VRBO & our direct booking website, hopefully this helps!

  • @rfreeman5012
    @rfreeman5012 Год назад

    Complete opposite experience of what I am experiencing on the oregon coast. 1/3rd less income in q1 2023. I'm done with this, I think I'm going to sell my big house as much as it kills me.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Oh man! We are so sorry to hear that. Thank you for your honesty & sharing the heartache with us. We would be devastated as well. Sending you only the best vibes!🙏🏼

    • @Eileen49654
      @Eileen49654 Год назад

      Same here, we did outstanding for 5 years now were barely able to make a profit
      The market where we are got over saturated. To many STR. We have to sell and it's really a scary time for us.
      Having been a host for 7 years take others advice whether airbnb/str is a good investment lightly
      To many factors. Location, kind of property, price per night varies all across the country. Size of home, insurance cost etc...

  • @jocelynwaters2536
    @jocelynwaters2536 Год назад

    Remember that Joshua tree is the hot place right now literally and figuratively. it’s super weird to me because I used to drive through that area quite often and did not like it at all but it’s the Hot place so that’s why you guys are doing so well right now. I’m sure eventually that fad will pass.

  • @meetthebests2974
    @meetthebests2974 Год назад

    Man feel like I’ve been on this journey with you all

  • @gypsetstories5611
    @gypsetstories5611 Год назад

    Us too. Totally still worth it.

    • @kristenandmichael
      @kristenandmichael  Год назад

      So happy to hear that other hosts are experiencing the same as us!

  • @noved317
    @noved317 Год назад

    I think the bigger question is starting up like myself rather than already having a pipeline with furnished abnbs etc…

    • @kristenandmichael
      @kristenandmichael  Год назад

      Our channel is all about how we bought our house, lived in it and turned it into a STR. No pipeline of furnished Airbnbs here

  • @bridgebechtelt219
    @bridgebechtelt219 Год назад

    They do sell a defoaming liquid... Cheers guys! Keep doing good!

  • @lschoon
    @lschoon Год назад

    Have you produced a video of step one, step two, step three, as you would suggest to a brand new host

    • @kristenandmichael
      @kristenandmichael  Год назад +1

      No we have not but when we purchase our second STR, we will go through that entire process step-by-step and film it for the channel. We do have earlier videos after we purchased the house sharing how we got the STR permit, what that entailed and uploading images, etc. into Airbnb.

  • @karim271
    @karim271 Год назад

    Hello sjo I just moved to the red city MARRAKECH in Morocco 🇲🇦🇲🇦🇲🇦I was fed up with the cold climate of Europe. Now I live in our family HOUSE unfortunately I can't rent this house , but I want to start as A co host for airbnb . BUT I DONT KNOW WHAT TO DO AND WHERE TO START

    • @kristenandmichael
      @kristenandmichael  Год назад

      Marrakech sounds like a beautiful place to live! We don't know much about co-hosting, but wish you the best of luck on your journey!

    • @karim271
      @karim271 Год назад

      @Kristen & Michael thank you for you're replay, my advantage is that I speak 4 languages Dutch English French and Arabic, but what I am afraid of is taxes I am still registered in Amsterdam. And also don't how the payment works is there course online somewhere I can follow ?

  • @alejandrotorres5557
    @alejandrotorres5557 Год назад

    How are you only making max 300 for 6k

  • @whatsyourfundraiser
    @whatsyourfundraiser Год назад

    hi are those number you profit or gross, thanks

  • @KateSmyte
    @KateSmyte Год назад

    What's the net income? Would love to hear costs - mortgage amount, insurance, property taxes etc. Respectfully, gross income doesn't mean much without talking about the costs as well. Look forward to seeing a video on this!

    • @kristenandmichael
      @kristenandmichael  Год назад

      We've talked about it in a lot of our other videos on our channel. Our mortgage/insurance/property taxes is around $2,000/month (they are bundled). Utilities range from $200-500.

  • @whyworkwhenicanrap6830
    @whyworkwhenicanrap6830 Год назад

    How could we rent your Air bnb

    • @kristenandmichael
      @kristenandmichael  Год назад

      Hi there! The link to our listing is in the description of the video

  • @sanfordwilliams6845
    @sanfordwilliams6845 Год назад

    Love your videos. Great teamwork. I am currently in the process of buying my first investment property solely for the purpose of starting an Airbnb business. Please help! I am a beginner but determined to make it work!

    • @kristenandmichael
      @kristenandmichael  Год назад

      You can do it. If we can, you can. Feel feee to go back through and watch our videos. There is a ton of info in them as we’ve been documenting every step of the process from renovating to getting bookings!
      Best of luck in your journey!! Let us know if you have any questions

  • @Eileen49654
    @Eileen49654 Год назад +1

    Nothing against this video but having been a host for over 7 years take any advice wheather its a good investment lightly
    We did outstanding for 5 years, now August 2023 were barely able to make any profit if at all
    Its now over saturated where we are and bookings are very low
    We have a cheap mortgage of only 360 a month but the cost of utilities, water, internet, liabiliy ins, taxes etc is a lot
    Happy for anyone who is doing well but the factors are so broad as to whether you can make good money
    Location, size of place, cost to run it, and we do our own cleaning and upkeep
    We can only charge 145 per night where we are
    So to say its a good investment for all of us not fair and misleading
    Its a good investment for you, in your area, but that is not true everywhere, for everyone
    I am a superhost getting ready to sell my house because not enough profit
    Best of luck

    • @kristenandmichael
      @kristenandmichael  Год назад

      You are so right, every market is different and has its intricacies. Our goal is to share our perspective and not tell people what to do. Appreciate you watching and sharing your perspective!

  • @michaelmenes
    @michaelmenes Год назад

    Short Term Rentals aren’t Airbnbs. They are STR’s that use channels or take direct bookings. VRBO has increased. VRBO is achieving better search results. A lot of hosts and guests are tired of the Airbnb game. You guys get $720 per referral so that’s why you’re pushing it. Duh.

    • @kristenandmichael
      @kristenandmichael  Год назад

      Our pet fee is a one-time fee and I believe it is per-pet. Having a 'pet basket' sounds like a great idea! We had a recent guest grab one of our indoor blankets and set it out in the backyard for their dogs to lay on - the only reason we found out was because we can no longer use it anymore. It was covered in stickers, cacti and sand. Giving a dog towel is a great alternative to them messing up our blankets inside!

  • @ChaoticBun
    @ChaoticBun Год назад

    Had no idea Jenna marbles started doin airbnb

    • @kristenandmichael
      @kristenandmichael  Год назад

      Hahah we just laughed out loud. We both automatically assumed you were talking about Michael but now were curious if you meant Michael or Kristen. We loved Jenna back in the day.

  • @ykonratev
    @ykonratev Год назад

    Yeah right so not only can it be some complete creep with cameras setup watching you, its my job to fully clean it and then be charged a cleaning fee?? Legit a scam people are braindead

  • @russ2991
    @russ2991 Год назад

    Fear-mongering and clickbait on the internet?????????

  • @videogarage9221
    @videogarage9221 Год назад +4

    No thank you ... I rather stay at a hotel. I don't go on vacation to clean a home before I leave.