This Medellín Penthouse Owner QUADRUPLED his Airbnb income. Here's How!
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- Опубликовано: 4 июл 2024
- A lot of airbnb investors are actually hospitality business owners and are getting burned by Airbnb saturation in their markets. Meanwhile, people like Daniel Rusteen are going all in to Surprising and Delighting each guest to go above and beyond an apartment rental.
I had to take a walk through his Penthouse Airbnb located in Provenza, Medellín.
Danny's Best-Selling Book for Airbnb Hosts: www.amazon.com/Optimize-YOUR-...
Danny's RUclips Channel: / @optimizemyairbnb
See his Airbnb Listing here: www.airbnb.ca/rooms/52242906?...
If you´d like to get in touch with me send me an email at sam@sammiller.life or visit www.sammiller.life to see what I am up to.
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Never thought I’d see Miami prices in Medellin. Crazy.
It's nuts eh
at it's peak, it is 1000 a night but it is a 4 bedroom. divide that by 4. It can also host up to 8 guests. Still expensive though nonethless. Things are definitely changing down there. The good news is that you can still visit other cities that have very little tourism. Sure, they aren't probably as good as medellin, but they are still very cool and way cheaper.
@@ej1692 But it’s Medellin. Haha
Still not LA prices lol
This guys book is awesome.
That penthouse was nice. I was not expecting it to be so nice. Good video Sam.
2 legends!
Crazy prices. Fools pay these prices.
I can’t put my finger on it, but these guys come off as modern day conquistadors. Plucking up as many properties as possible pricing the natives out. “Cuidado con el hombre del caballo blanco pálido.” Colombianos!!!
Interesting
Whats its the other guys youtube channel?
youtube.com/@OptimizeMyAirbnb
Great content man, but you are in dire need of a better microphone. For a tenth of a 1% of one of these properties you could get a DJI Mic kit and 10x your audio quality.
Yep already have a new gopro 11. And will step up quality as I go.
@@SamMillerLife Your video quality is just fine! And a new GoPro will be great for video stabilization. It's mostly an audio thing. When it's just you talking on camera the audio is generally fine, but with a guest often is difficult to hear. Keep up the great work.
And this is exactly why Colombians hate the gentrification. A group from Pereira might have stayed there in the past but now the cost is 10×. It's happened all over the city unless you go to the barrios. It's nuts
And Colombians also love airbnb arbitrage, which is the biggest Accelerator of furnished apartment and shorter term rental creation.
Check out Maurice Hofra'a following on instagram. We're in a global real estate and hospitality market now. Residences priced by Square meter are now hospitality businesses priced by potential profits.
What will you do? What will I do?
Sure some people have tremendous family or economic wealth and have an advantage,but the questions are still the same.
@Sam Miller Life I wouldn't say Colombians as a whole but yes, your point is valid
After 13 years exploring every rincón de Colombia, it's very very very difficult to define "an average Colombian".
Most are entrepreneurial, echado pa delante, alegre, hospitable, open to tourism, enjoy economic growth.
Please correct me if I'm wrong, but any class of people working minimum wage in any city are getting priced out of the best parts of town.
I've just noticed that particularly in Medellín, unless it's a group comprised of paisas and foreigners, they aren't jacking rentals hundreds of dollars a night but maybe more like a million pesos a month. You can correct me if I'm wrong there because I'm only basing my observation off of people I personally know, not macro stats. I know a fair amount of people from the city. But I don't know anyone jacking prices on their rentals 10 fold
@@jonsnow9700 pre-airbnb and foreign run airbnb's in Medellin and bogota, furnished rentals came out at absurb premiums over unfurnished rentals. Even with cheapo furniture. It was quite bizarre. Airbnb is a platform that everyone is learning how to optimize and increase Profits. It made STR market accessible For all, but yes international citizens were generally quicker to adopt the tech. There is a huge airbnb education business in the US and is clearly being adopted here in the local market. Not to mention. 98% of the hospitality and restaurants that are all Colombian owned and in price discovery based on who's visiting and what they can pay.
In most places you can't rent for less than 6 months. That's the problem.
Opportunity*
Sounds like an unsustainable bubble that will eventually collapse.
And all these furnished apartments stop getting rented? No. Prices drop hard. Roi's Lower. Long term rentals make more sense. And then cycle repeats
@@SamMillerLife but sadly all that Airbnb conversion is gonna make life even harder for the locals who will be priced out of the market
@@bobbylong8348 along with other modern advancements it's certainly accelerating a byproduct of capitalism
Seems way overpriced but what do I know, guess passport bros coming to pay to play in Lleras for a few nights are willing to pay. This place looks nice on Airbnb photos but on video is quite underwhelming and I was shocked how old and dingy the building is. I live in something much nicer here for far less, but on a long term basis of course.
Mayor just past a law. If you rent to noisy people, or one's that bring women to their rooms at night. They uave the right to take it from you, no questions asked
Hey Sam, hope you didn't get hit too hard by FTX.
Oh I had already been hit. But did cash in 10x portfolio gains in the way up so all good.
@@SamMillerLife good for you, Sam, good luck on your next chapter, it's all about going with the flow and creating synergy, but you know that already!
@@SamMillerLife I hope you have a hard wallet!
I think AI will end expat nomad lifestyle
How so?
@@SamMillerLife all jobs that do not require a physical presence at the job site are the first to go...and the rest will be taken over by robots ....we will have more time to be full time travelers though ...but making money on the road will be gone in 3 years
I can assure you it won't end all of us. I work in a fairly niche position though that requires human to human interaction and am not a tech bro or remote sales guy.
prepassport bros.