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Why You Shouldn't Make an Airbnb in 2023
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- Опубликовано: 17 авг 2024
- This is my honest experience with Airbnb and why I wouldn't recommend getting into Airbnb in 2023. Comment down below your thoughts!
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Other people on RUclips have criticized her so hard for her Airbnb and she hits back with patience, knowledge, and facts. Love to see it
I agree. Wonderful lady with a lot of class. Hence why is she is probably successful.
Agree. Shelby and her sister are very smart people.
Love them both ❤️❤️❤️
I disagree. Airbnb is an excellent strategy. I know a ton of investors I work with that do extremely well.
@@PrimitiveMLG did you watch the video completely? She gives solid pros and cons either way. Sounds like your comment comes from reading the title and not watching the video.
I love airbnbs, but they used to be more affordable than hotels, now the average priced airbnb is around the same price of a 4-star hotel.
Those cleaning fees are ridiculous, especially if you’re only staying for 1 night, can double the cost
What you say is true, but you have to compare apples with apples.
You can't compare a 4 bed 2 bath houses price with a 1 room 4 star hotel.
There is no comparison, unless you rent 4 hotel rooms and even then you're not getting full kitchebs
That's why I just stay in a hotel. There is zero point for an airnb.
@@Eileen49654 You can of that 4 bedroom house requires you to do chores before leaving, doesn't have free/accessible parking, and if you honestly don't need a 4 bedroom house for a weekend vacation.
Air BnB makes sense when you're traveling with a large group but not in general.
Agree here 100%
Transparent youtubers are such a blessing these days and Shelby you are on the top. No sugar coating, just pure realities. Thank you really appreciated.
Hey Rabiya 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
You nailed it Shelby! I feel like you are the only person out there who is sharing TRUTH and the reality of the Airbnb market. The market has changed a TON. Our properties that are still performing are in highly regulated markets. Our other properties (scottsdale specifically) have completely died in bookings. So many RUclipsrs out there are acting like its still a great time to invest in Airbnbs but they also have coaching programs or are looking for investors. It's not for everyone and people should be extremely cautious. It doesnt always work and you can lose alot of money.
Hey Hanan 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
As a person living in a residential area! Living next door to an airbnb they SUCKS BIG TIME!
One of the main qualities that allows Shelby to be so good at RUclips is that she has zero ego, despite clearly being very successful financially. That's hard to find these days and allows her to be transparent and honest regardless of the circumstances, which in turn helps her channel.
pretty sure Shelby had money given to her by her parents
@@volcanoviewsfarm8470
Where are you getting this info from?
@@dontbanmebrodontbanme5403 his ass
@@volcanoviewsfarm8470 Shelby dad is a high school teacher.
Hey Derek 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Hi. I'm a first-time viewer on this channel. I have been a host on Airbnb for 17 years starting in 2007. I started Airbnb before the commercials and before it was a household name. I owned a duplex with one 3-bedroom 2-bath and the other a two-bedroom apartment. I went from buying the ugly house on the block to cleaning it up and putting a for rent sign in the front yard then later trying section 8 for a few years then one day I stumbled upon Airbnb online in 2007 and signed up. I went from renting one room in my unit to renovating both houses and remodeling each one then instead of bringing in $750 dollars per month for a two-bedroom, 2 bath I began bringing in $1500 to $2,500 per month and an additional $2,000 up to $3,500 with a three-bedroom unit.
I'm a single parent. I didn't have to get a job. I hired housekeepers to clean each unit when I was too tired or away I was making money hand-over-fist in the South not California. I also rented out rooms in our private cabin in Louisiana as well as campgrounds space on an acre of land in the backyard. The bubble burst in 2020 when the pandemic hit and Airbnb cancelled our reservations worldwide the following year we were hit by hurricane Ida the next year. We sustained significant damage to our house and yard.
The world is different since the pandemic. Property values, real estate, vehicles, food etc have all increased significantly.
Now that we're coming out of the pandemic and people are beginning to travel more they are coming back to Airbnb but not at the rate they booked pre- Covid. People are still leery, self included.
Since 2020 we're now homesteading on an acre. I'm considering building a few small tiny homes/sheds to start Airbnb again to help bring in money to our Homestead. I think the narrator of the video was pretty spot-on that the world has changed and so has Airbnb. For our sake I'm hoping that offering a Homestead experience will be enough of an allure to attract more Airbnb guests to our property. However, guests stays will not exceed the weekend. I know the good, bad and the Oogly of Airbnb. It's not all roses. There's always those who will run a good thing so get ready. Also, the municipalities now I know how much money the airbnb's bring in and they want their cut to now. Check with your local government first just to see what their rules are in general. Some states have began to tax Airbnb hosts which should be illegal so do your research.
Signed,
Seasoned Airbnber
The free ride is over, parasite.
Hilarious and couldn't agree more! I was a first time viewer and think it's odd to hear someone's viewpoints entering airbnb essentially late and in a terrible overpriced market. I was an Airbnb host in nyc for 12 years when it was still considered couch surfing and it changed my life. All of my international guests got canceled and airbnb left decade long hosts out to dry with zero support during the pandemic lock down.
Things initially started to change back in 2018 when my city became saturated with awful kid hosts that just didn't care. Neighbors got pissed from parties. Honestly all the social media influencers claiming to get rich quick attracted these types and ruined it.
The pandemic crushed me and hit tourism hard. I had ptsd from all the people trying to steal from me and squat. Big cities did pretty bad throughout that lock down period (no one wanted to be in elevators), but remote places did well.
I'm just starting to get back in the game and my strategy is different now. I'd never invest in a 750k+ house in a market that didnt have multiple attractions and also had a significant slow season or in a city with heavy regulations.
Airbnb is global. Choose your markets/locations wisely!
Good luck to you all!!
Sincerely,
Another Seasoned Airbnb Superhost
You do not suck at this! You thought this process through properly and the market simply just changed. You have been very transparent and we thank you for that! 🙏🏽 Sean is suffering like everyone else and took a shot at you for views lol Unlike you he is not being very transparent from beginning to end. Keep doing what you are doing! Your content is absolutely great! 🙏🏽🙏🏽🙏🏽
Hey @Brainz Music 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
@@ivantejeda You should absolutely make a vid on this :) I've been an AirBnB host off and on since 2013 lol. However if I have any additional questions i'll hit you up... And you got a new follower out of me :)
IMO this is one of the best filmed videos you’ve made Shelby. The beginning cuts, everything… so good.
Hey Sara 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
This is so informative, thanks for Your honesty and transparency. Someone had to say it, the Airbnb has negatively affected the housing market for a while now. I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@Stanley EdwinThats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@louisairvin3052 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@anthonyrussell5718
My advisor is "Lisa Ellen Shaw". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.
@@louisairvin3052 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.
I cannot believe he is using your face in his thumbnails... of course he's selling course and will basically trick ppl into thinking Airbnb is still where it is 5 years ago. Being this deceitful is literally scamming. I'm glad you addressed it Shelby!
Im an Airbnb host, I’d like to address everyone’s complaints about cleaning fees. What people REALLY need to understand is cleaning an entire place, doing laundry for multiple beds, taking out all the trash, dusting, sweeping, mopping, vacuuming, cleaning bathrooms plus outside, etc. takes hours and cleaners will charge $30-50 an hour per cleaner (if they need to bring in more than one). I have a 1 bedroom beach condo and my cleaner charges $150 to clean that. I of course have to charge that cleaning fee whether I have 1 guest stay 1 night or a whole family staying for 2 weeks, even if my nightly rate is only $90. Most hosts charge exactly or less than what their cleaners actually charge. It is expensive for sure but also a lot of work to get these places ready in between guests. And for those complaining about chore lists, most Airbnb’s do not have those, maybe less than 10% might have wanted things like stripping beds. As for taking out trash, we’ll isn’t that just normal that you put your trash in the can? I have not asked anyone to do that but guess what, all of my guests do it.
how is that the guest's problem - cleaning is your cost. Staying one night is cost prohibitive for most Airbnb stays
💡Great point @Dethdesigns! Would you mind sharing more?
Even when you are calling someone out, you do it in such a polite way...classy!
🔥 I’m with you on this Baileys! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Airbnbs used to be cheaper than hotels. That's not the case anymore. You'd only get an Airbnb if you wanted something unique & different. In a recession, it's no surprise people are going back to hotels which are cheaper & consistent.
Hey @Trades by George 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I’m someone who used to stay in Airbnbs a lot and have now been choosing hotels more often. My main gripe with Airbnb is that you are expected to fully clean the place, take trash out, sweep/vacuum, etc. or risk getting a bad review. Yet, you are charged absolutely outrageous cleaning fees. Like $145 at my last one, which had a long list of cleaning tasks and associated fines for not completeing them. Like a $75 fine for not taking the trash out. Ok so then what’s the cleaning fee for? At hotels you are not expected to do any of that, and you can usually also get a late check out. These days the prices are comparable so Why TF would I stay with Airbnb??
Agree 100%. And you just never know what you're going to get when you leave. Our last 'host' accused us of stealing a part off of her window blinds and tried to charge us $150.
hmm, strange. most airbnb's in the area where i live only require dishes to be washed, which makes sense. people leave a lot of messes.
@@pastrami00 that's too bad, always look at reviews before you book. Most of hosts are not like that and end up chalking up small damage to the cost of business. Cost of cleaners has gone up, much like everything else in the past year. Us hosts get none of that fee it goes all to the cleaner.
I was going to say the same thing. The hidden fees dramatically change the price and they are all different for each property. It’s not worth the effort to figure out what you’ll actually pay.
Unfortunately, inexperienced hosts are ruining an otherwise solid business model.
We can all help fix this issue by sharing honest reviews of poor hosts.
WHATEVER YOU DO... DO NOT PUT YOUR APARTMENT OR HOME ON AIRBNB I HAD 3 OF MY CLIENTS STEAL ITEMS FROM MY HOUSE AND AIRBNB CUSTOMER SERVICE LITERALLY DIDN'T AND COULDN'T DO ANYTHING ABOUT IT I SPENT LITERALLY WEEKS GOING BACK AND FORTH WITH CUSTOMER SERVICE TO ONLY GET ABSOLUTELY NO RESOLUTION OR RESOLVE. DO NOT START AN AIRBNB YOU WILL REGRET IT
Hey @UNTOLD official RUclips 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
@Craig Daniels Given current recession pressures, it is unlikely that the stock will yield substantial returns in the near term. However, it may be a suitable investment opportunity. I will monitor market conditions and consider purchasing when there is an improvement in the relevant economic indicators, any idea which stocks this may be?
@@tatianastarcic that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.
@@richardhudson1243 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
I think you haven't heard what the Fed Reserve actually said. Powell said it's their goal to reduce home prices. He said they need a reset (which has been true for 20 years). Buyer demand MUST tank for that to occur. Prices will fall off a table in 2023.
@@ezdeezytube exactly
🤦♀🤦♀💔💔It's really difficult to stay afloat and make a good steady income from all this... I mean, the information is overwhelming. Pretty exhausting and on top of that I'm making losses
Lol, same thing here... I bought at a bad time, it was literally like the crash of 2011. No regrets but we just have to be patient until things get better... Hopefully the good season will come to an end 🤷♂
It happens to everyone, you have to be patient... Although some people are smart by getting professional help✌
Wow 😮. It's surprising to hear about Sabrina here. She really made a name for herself
How does it work and can I connect to it?
I used to work with her before my fogged up phone froze and erased everything. She really was a lifesaver... Please, who can connect me?
you put that youtuber in his place and shed light to possible money schemes in the classiest way without putting him down in any mean sort of way! love that!
Hey Madison 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Shelby is a classy, transparent, self-made QUEEN.
I love the subtle nice pleasant way you throw shade back. You throw nice person shade.
If you’re buying in cash it still is a big deal, the reason is is lost opportunity on the money that you invest. Right now I can get 5% on 6 to 9 month treasury yields. So for me I would have to get 10 to 12% rate of return on my money in order to put out the risk investment. Right now with everything going on in the economy I’d rather sit back and make 5% of my money rather than going through all the headache of chasing higher interest rates.
Hey Gene 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I think the reality is with the flooded markets and people being frustrated with experiences with Airbnb is that a lot of people will transition to long term rentals. That being said I think there will still be a market for hosts, it just won’t be as “easy” as people want it to be. You have to care about your guests’ experience and be a good host with a well taken care of home. There are enough of us that already give that type of care, but they’re still are plenty that give us a bad name.
I quit using Air bnb permanently because of the excessive fees. I won't go back.
@@briansprayberry8844 I hear you!
I've never used them because of the outrageous fees
I’m wondering if this is happening on other STR platforms or is it just Airbnb?
With any luck, the inexperienced hosts and get-rich-quick crowd will drop out and the market will stabilize for the remaining hosts.
And Screw the folks that live next door full time! We hate these airbnb's in our neighborhood! They have made our lives hell!
You are genuine and your transparency is much appreciated. Thank you!
Hey @greensuburbanite 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I applaud your transparency and openness regarding this topic. So many were quick to hate. You answered in the most polite way possible 👏👏
Hey @MHFIN 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
I can assure you Sean does NOT need the money he charges for his master classes….. that money is for people who truly WANT to pursue that and make that money. He would probably do them for free, but some advice and info….. you’ve just got to pay for! I have known Sean since he was a wee kid driving an old rusty Ford Bronco II. He truly has gone very far in life, and he has not taken any hand outs. He has EARNED everything he has. Can he be cocky or arrogant seeming….. for sure. But that’s cause you’re snap judging him. I recommend Shelly, that you actually LISTEN to some of his free AirBNB content…. You may learn something. In fact, I guarantee you will.
I understand your loyalty and respect but it sounds like he's slamming her and using her as click bait for his course and clearly her point that others might not be objective holds true in this case.
love how you clap back at that guy who is basically using your content and honesty to try to make a buck, but still stay classy and fact based!
🔥 I’m with you on this Michelle! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
As much as I like the RUclipsr and the content I can’t lie that some thoughts came to mind …
Is this to diminish competition?
Having plenty of money in the bank VS having this same amount of money on a property… I still lose money if it’s in the bank … so why not putting this money on a property?
I’m not concerned about competition, the city of Palm Springs just passed more regulations here so it’s already deterring new people here. And people watching this video would be looking at hundreds of different markets, not just Palm Springs
@@ShelbyChurchthank you for responding and clarifying my doubts. My appreciation and admiration for you remains the same: high and above 😇
Hey Yeshaya 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I swore by Airbnb for years but now I only book at hotels. The prices are astronomical, it makes absolutely no sense unless you travel with a big group. Unless I’m splitting the bill 4 ways, I’ll never book Airbnb again sadly
I appreciate her transparency. Honestly I would avoid Airbnb whenver possible, unless I am traveling with a large group. What hosts are charging, plus cleaning fee, and worst of all I have to added chores before I check out, just make the whole experience not worth it for me and lot of people I know. For the price Airbnb host, I better off staying at hotel, fresh towels daily, daily room cleaning, free breakfast and not mention reward pts. It is no a brainer.
Shelby, you just nailed that Sean guy, I come across his vids on youtube. he seems really promoting airbnb and how still wonderful everything is with his airbnb business. Hard to believe thow.
Thank you Shelby
Hey @Panorama Travel 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
If a person rents for 78 night x 31 2418 rent is 1200 or less that is a 1218 profit minus now utilities that is a 1068 profit for 12 months 12816 and you own nothing to help leverage to your house purchase!
Hey Jazmine 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thank you, Shelby, for such a clear and even-handed explanation of the situation from your perspective.
🔥 I’m with you on this Dorit! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk
I love Shelby’s transparency and she’s so genuine. I love watching the vids!
Thank you!!
Hey JJ 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Love this video! Great addressing the effect of airbnb on the housing market! It’s the ppl and companies who own 5+ airbnbs that’s are the issue! A single person having one investment property isn’t the issue
Hey Valerie 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
So we are finding this out in our little corner of the world. We were going to open 10 vacation rentals by the end of 2023 (at least it looked like a good idea in 2021). We started in 2018, renting a private suite in our Queen Anne Victorian home, with a competition of no more than 50 STRs, but now there are 140! (Last I checked)
So we made the switch to long term rentals, and the upcoming renovation (rehabilitation) projects that we have going on are all going to be long term rentals. We are more focused on improving the beauty and safety of our community by rehabilitating properties that are close to condemnation.
We plan to keep one STR, because it is a historical stay and is very unique in the area, and it won’t just be a stay, it offers catered private dinners, events, historical tours, etc. Multifaceted use.
I will say, Sean’s video led me to your channel because I like to get all points of view. So now I follow you both. 😊
Hey Monica 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
It is about trust. I don't trust Airbnb sites. The 5 star reviews destinations are not 5 stars. They are actually on a level of 2 stars and that is being generous. I was in three locations last year and every single one had great pictures and 5 star reviews. One of them had excessive mold, receptacles without plates, AC unit with a 1/2 inch gap over the top of it, black goo on the tub surround, left over food in the frig, and stains, yes, stains in the toilet (that were removed upon my cleaning with the cleaner), and I could go on and on. It is like a party happened and the owner did not clean. And, don't get me started about $10 microfiber sheets. Also, it is the exorbitant fees. And, Airbnb doesn't give your money back on safety issues like I mentioned above. A good hotel wouldn't think twice. They are greatly concerned about ratings and customer service. Also, (continue the rant) Airbnb when it started was wonderful. You would rent an efficient space and really got the untold part of the town, met the owners, got tours, met the neighbors, etc. Family. Personal touches of friendship. Doesn't happen with electronic key pads and emails. I think most Airbnb hosts have lost the hospitality part of hosting.
I don’t do airbnb even though I had no bad experience. It is just simpler, straight forward, and better overall satisfaction booking hotels.
Good for you Shelby for calling out these RUclipsrs who are promoting courses. They're just trying to clout chase off of your name. Disregard those haters.
People have known that airbnbs negatively affect the housing market for a long time. Adam Ruins Everything did an episode on it in like 2015.
So true!!
Hey Broke 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
You're giving advice based on one property experience, for 1 year, that you don't even run, in a niche market. How useful.
💡Great point @outrage9! Would you mind sharing more?
I agree with your assessment! Fortunately, my A-frame cabin in Tahoe has not experienced the “Airbnb Bust” probably because: 1) I bought my property before Pandemic prices and rate hikes; 2) I obsess excellent design, experience, amenities and customer service; 3) new permits have been banned in my area; 4) I am on multiple booking and direct platforms. I also don’t over-inflate my rates, because I am thrilled when I just break even (I enjoy staying myself!). I think it’s the responsibility of owners who don’t live in the area to be active and contributing members of the community whether it’s through donating to local causes or the environment. I like to think that what’s happening is this weeding out of all the get-rich-quick “passive”investors. Hopefully the homeowners who really do care about the home, the neighborhood and guest experience, as well as strive for quality (instead of TJ Maxx decor) will survive this moment in time. These new bad eggs shouldn’t ruin it for those of us who are responsible and in it for the right reasons. Cap rate, cash flow, ROI, aren’t the only metrics that matter when it’s a passion project and you are hosting from the heart.
Lol. I can picture HomeGoods/Target/TJMaxx/Walmart level decor and furnishings combined with $450/$600 a night total price tag including fees.
@@33Jenesis Oh so only Fortunoff &ñ Raymour & Flannigan's decor and furnishings are the only way to go in an ABNB? What are you smoking? Not even hotels spend that much for things that most of the guests will destroy anyway. You're ridiculous.
Hey Keryn 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@@ivantejeda hi Ivan! I think it would be a great topic! Too many irresponsible owners have made it hard for those of us who want to be respectful of the other full-time homeowners and support the community, not just take advantage of a “deal”. No wonder STR’s have a bad rap. If more STR owners were active contributors (not just…”well, I pay taxes and bring income to businesses bc I have rich guests who spend money”, STR’s may be more welcome. I think this attitude is lazy, disrespectful and self-centered. We can be better and empathetic to our neighbors.
@@cyagurl couldn’t agree more, well said. Adding to the queue. Thank you!!
The OUTRAGEOUS fees are why I’ve stopped booking AirBnBs. I went from booking AirBnBs frequently from 2018-2020, to not having booked one in the past two years. Every time I’ve gone to book an AirBnB in the past two-ish years, the fees have ended up being almost as much as the nightly rate; making the actual price almost double the listed price in some cases.
same. Paying a $200 cleaning fee for what? I’ll book myself in a 5 star hotel at that point with views
Hey @The Groovy Guitar Dude 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Great publicity for Sean. Only the strong will survive in this game
Hey Kelton 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Shelby, you look gorgeous in this video! ✨ the hair, the outfits 😍
Great video! I totally agree with everything you said. On my last vacation the main reason why I didn’t say in an Airbnb is because of the extensive check out list. I would have to wake up early in the morning to completely clean the place, pack and be out before 10AM!
I just read another comment where the lady said the same as you here. I have used alot of airbnb's and never clean the place. I am in Europe so maybe that is the difference.
Luv the transparency u have with these types of videos!
Hey Ede 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I can tell you as I’ve stayed in Airbnbs and also Hiltons as I am actually a DIAMOND member for Hilton, I stopped staying at Hilton even with having a LIFETIME DIAMOND because, 1. They don’t care about you, 2. It’s WAAAYYY higher than Airbnbs, 3. If you are traveling than I rather cook than spending money on outside food, 4. The customer service is very rude and most of their amenities are down and they don’t care.
Now again, you can make profitability on arbitration like apartments as I have some apartments in Nashville and you can make 350/450 a night on 2:2 and 1:1 on 150 night.
Let me share my numbers with you!
Guess I am that one person as I am buying cash, but waiting till Q3 2023 before buying. Buying and building a home in Northern Québec that I'll live in, but do short-term rentals and live in an apparent i have. or travel when it's rented out.
Hey Patrick 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
When she says, probably only like one person watching has the ability to pay cash. It automatically made me think of Graham. 😂
Hey Thomas 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Shelby, another incredible video about a subject you have a lot of experience in. The video quality you have in making these videos are just getting better and better.
Hey Kieth 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Simply make it affordable so people can travel in these tough times... Oh, I have 3 bnb's in Australia
Hey @TradingLounge 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Your honesty and transparency is refreshing. I wish you the best of luck and can’t wait to see the Joshua Tree project.
Hey Jonathan 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
10/10 video. I see renting to good long-term tenants a better strategy overall. AirBNB takes too much time to manage with all the cleaning, communication and extra maintenance imo. The best AirBNBs are run by owners who are on-top of every little detail, not what I would call "passive income".
Some airbnbs are insanely profitable, though. You will never be able to get that with long-term tenants.
Hey J R 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
We have an airbnb as a guest suit in our house. Things have totally slowed down a ton and we've had to change our strategies. I think this is just the market regulating itself and that's not necessarily a bad thing. That's why any investment property you buy should work as a long term rental even if you plan to use it as a short term rental.
Thank you for pointing that out! Every time my husband and I purchase a rental property we always look for Plan B and see if it would work as a long-term rental. In my opinion this is so important to account for the fluctuating housing market and changes that may occur.
Hey @Laina Brown-Money at Home 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@lainabrown-moneyathome My husband and I are planning to AirBnB our downstairs suite and there doesn't seem to be many (if any) videos on AirBnB-ing a room in a primary residence. Do you have any resources you'd recommend?
@@hannahabt3989 I have a few videos on this on my channel. We run an Airbnb in a suite in our house, it's not downstairs, but it has worked really well for us.
You can open a successful Airbnb any time, you just have to buy the property in the right location and at the right price. The palm springs house you bought sold for 150k in 2007 buying it at 700k is unwise.
Hey @social seahawks fan 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I think that’s the key, unlike Graham Stephan or that other guy you mentioned, they have anterior motives. They’re selling courses. I love your honesty and RUclips needs more of that! THANK YOU for being real! 👍🏽👍🏽
Hey @Y6FM 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thanks for the honest appraisal. My Palm Springs vacation rental is booked through April and then nothing until November! I would agree that as an investment it isn’t satisfactory and too risky.
Hey George 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Yes Ivan, I think that would be a timely video. As an investment, there are so many things people should be aware of. The three things that I would highlight is that revenue is cyclical (dependent on the economy, which may be heading into a recession in 2023), costs of settling up a competitive vacation rental are more than most people realize, and that vacation rentals are subject to city, county, and/or HOA regulations (and there is a trend now to either limit or ban vacation rentals.)
Don't let Sean get under your skin, Shelby.
As a generalization, she's spot on. Much respect and love the content. Mediocre anything in this recession will not do well...
Hey @The No BS Realtor 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
It sounds crazy but $725,000 in 3 rentals or a multi unit rental property have higher value in short and long term that’s 241,000 value average by a .40% increase in value that’s a slightly a little under $100,000 in value in each location that could be used to buy more properties for more cash flow also having multiple locations and multiple units allows you to be versatile in your expansion plans or options. You learn more about seasons or seasonal locations and tourist destinations. It also gives you the freedom to also have vacation destinations. You don’t have to use Airbnb
Hey Kyle 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Great video thank you!
Hey @PkmnMasterHolly 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Hi Shelby, i watch your shows just for fun and even though im not always interested in the topics for me to do myself, i like watching just to gain more knowledge. But i love and appreciate how your give your opinion. I feel that you’re being honest and it makes me trust your word a lot. Love your videos❤
Hey Karen 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
So very true that people who promote Airbnb often have a vested interested. This is refreshingly honest - thank you for sharing. And that this video is not clickbait.
Hey Justine 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Things like stories about women getting trafficked by their Airbnb hosts, rising costs of nightly stays, and hosts requiring you to do things like the laundry, take out trash etc are some of the reasons why I personally only use hotels now.
Avoid the bad hosts. Plenty of good ones to still book with.
Hey Tanika 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Fantastic, honest perspective. Feel like I’ve been out of your demographic since subscribing (middle aged dude, no airbnbs, ambivalent about social media) But I continue to come back to your vids over and over. Well done.
Hey Mike 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
What happened to the AirBnB market? They got too fancy and priced themselves too high. Instead of being 1/3 of the cost of a nice hotel(as it used to be), they became more expensive than a hotel. The STR market became saturated, so people had more options. Hosts quickly began buying properties that were too expensive, to begin with. Shelby made this mistake and grossly over capitalized, based on the seasonal attractiveness of the desert. We are in a recession. 2023/24 will be a blood bath for most people. They do not/will not have the expendable income for non essential spending, such as Air BnBs. Food/energy prices will continue to climb. Friends in CA have received notice that their gas bills will be 300% more, starting with the next bill. You would have to be absolutely delusional and not paying attention, to buy a STR now. I would sell or switch to LTR for some sort of stability.
Hey @Southern Fried Kiwi 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Well done. Quality video production as always. Great accurate information on Air B&B, with solid support to back it up.
Hey Mark 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any questions about starting & growing your Airbnb business lmk.
7:05 this lightning is EPIC It is really brining out your eyes. Great set up Shelby! Ok let me keep watching lol
Hey Jessica 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@@ivantejeda Howdy I think you sent your comment to the wrong person. Unless youre doing a video on how amazing Shelbys eyes look or lighting LOL. 🤣
In London I find that most nice hotel rooms are cheaper for a night than an Airbnb. I used to find Airbnb more appealing because it was usually more affordable than a hotel room and you could rent a bigger place. I still love the idea of Airbnb but I can't justify some of the prices when there's a perfectly nice hotel room for half the price!
Hey @Meadow & Theo 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Ok, but you are not staying in a neighborhood. You're staying in just room in a high rise in a busy city.
@James R and?
Not all SHORT TERM RENTALS are airbnb. We get more bookings thru vrbo at both our rural cabins
The only thing is after recession there will be depression. One, two more lockdowns, prices high like you can't even imagine and airplanes grounded ( just happened ) will stop people from traveling almost completely.
Really smart content, very impressive. Thank you.
Hey Lou Ann 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
At least airbnb owners received good mortgage rates! haha. Even with the higher int. rates, you have the ability to negotiate. And I would agree, the fee's in Airbnb are ridiculous.
Hey Kosan 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Posting this right after Graham’s video is peeerfect 😂
Omg I didn’t even notice hahah
Hey @This is Tech Today 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have questions about starting & growing your Airbnb business lmk.
Really good video. Loved the editing and the information.
Hey Kelli 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
We own 6 cabins/chalets. We are still doing well. We even own in those "down markets" she mentioned. We did our research and made sure our cabins could cash flow. We are still looking forward to a great 2023. The point is to have great properties that stand out. Offer things others don't and make sure you do your DD before you buy. :)
how u get the funding to buy them or ru doing arbitrage//
@@Eastbaypisces Cash out refi, HELOC, earnings from cabins, investors, etc. All in all we were able to buy 6 cabins in 3-ish years.
@@toddparker8639 what areas? cheap states im assuming?
@@Eastbaypisces Smokies and Blue Ridge. Not cheap anymore.
@@toddparker8639 smokies? blue ridge?? what state? oh its not cheap anymore oh ok, what u suggest for somebody gettting started?
Airbnb is a great way to make money. However, if there are any permanent neighbors nearby it sucks for them.
Hey @Everything is fine 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
*Despite the financial instability all over the world, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days...*
Her good reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit.
She's awesome, perfect and a genius. I've made up to $162,050 trading with her.
Please how do I contact her. ?
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Count me in I'm placing my trades with Expert April Nicolle Jacob asap.
I literally just subscribed to your channel and was binging videos when I saw this new one come up! Perfect timing 👌Great content!
Thanks for watching them!!
@@ShelbyChurch Thank you for your honest takes in this field!
🔥 I’m with you on this Monica! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Truth never goes out of style. Honestly video is very refreshing.
Love it Shelby!
Hey Marissa 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
She is right about starting (meaning buying a property to use as STR) in 2022 and 2023. I don’t own a STR but in 2022 April I started to have interest in possibly owning/buying one in the Smokies. Since 2022 April, I’ve looked deeply at more than a hundred revenue or Profit/Expense statements. It doesn’t make sense cuz you would make very little money (just slightly more than LTR) The main problem in the Smokies is the property prices have increased dramatically in the last 3-7 years. Many properties have doubled in 2-3 years. Many properties have gone up 4X in 7 years. 4X… I was looking at a cabin, it sold for $144k in 2017. Now it’s pending at $590k. Property price appreciation is the craziest I’ve seen, and that makes current buyer very hard to make money
like many investments - when people and Y Tubers were not talking about it, it was a good investment. Now that everyone has a "formula" it's over. They were late to the trend and now they justify it by saying it's a vacation home. The sunk costs of the place it's just a vanity purchase now. PS like Joshua Tree is oversaturated with keypad owners
Hey @chriswei1870's channel 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Interesting research about Sean. I wonder why his calendar is so empty? He’s got about $150k in lease overhead a month!
I seem to notice a lot of social hating bandwagon trends atm, like hating airbnb, Tate, greta, Logan, rich/wealthy people, socialism etc, without looking at the facts.
Hey @lexnite22 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
@@ivantejeda Don't think, just do it. People will watch it. ☺
I like that you're so transparent about the struggle. Obviously you're still able to spin it into a positive by using it as content, but it still takes a secure person to put it out there for others to criticize.
Hey @m h 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Totally agree, been to many Airbnb rentals and usually 1 out 5 have some kind of issue, which makes you think why not get a hotel next time. Also agree with owning real estate, one of the best investment vehicles. So if you can buy at a great price and hold, real estate will always appreciate.
Hey @Finding Profits 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Shelby: "No shade to Sean!"
Also Shelby: drags Sean through the mud with receipts 😂
That's the sad part. He tried to give her some basic advice to help her and she did not even bother to reach out to find out about him. I have been a host for only a year with only 4 properties and even I can tell her what she is doing wrong. Also, 99% of Sean's content is free (6 years worth) and the other 1% is for already established entrepreneurs.
Hey Crystal 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thanks for sharing!
Hey Daniel 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Very Very Very honest confession on the current Airbnb market, ESPECIALLY to some RUclipsrs who trying to promoting their courses and those courses are insanely EXPENSIVE!
Hey Ken 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
I stopped using air bnb because it’s way more expensive than a hotel with less amenities and it’s not always a quality stay. Hotels are consistently clean and have great amenities generally speaking. Air bnbs worked because when they are more affordable.
Gotta be honest, I wasn’t going to click on this video because I usually hate the negative clickbaity titles. But this video is very honest and not as negative as I was thinking it would be. There is some good advice here. Thank you!
Thank you for your transparency. Your Palm Springs home is beautiful and fortunately is a home you and your family enjoy using!
Hey @carableu 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
i appreciate this video! i’ve honestly always kind of been a tad resentful of air bnbs. mostly because there are quite a bit in my apt building, which can make living here feel a bit like a hotel. so i wasn’t sad at all hearing a bunch of them were stopping.
That would be very annoying to have in your apartment building!
Hi Shelby, I’ve watched all of your Airbnb related videos and I have thoughts as another Airbnb host.
I honestly think you picked the wrong market and the wrong property. I would never invest in a city like Palm Springs that has extremely high prices, city regulations, oversaturation, and houses that aren’t unique.
The way to be successful on Airbnb is to have a unique stay like a treehouse or an Aframe or a dome, in a non-saturated area with little city regulations.
I have an Aframe cabin in Arkansas near a lake outside city limits and I can do whatever I want with my property with no extra fees or regulations. My monthly mortgage is $1391 and I’m bringing in on average $4000 gross a month and still getting bookings. And I manage it myself aside from paying a cleaner. It’s been a great investment so far.
I believe you would’ve gotten a lot more success if you tried a different type of property somewhere else.
This! She paid too much, over improved, and selected one of the most restrictive markets in the country to launch. If not for the capital expenditure of replacing the AC unit and paying a property manager she would have still made 30k.
...did I just read someone say houses in Palm Springs aren't unique?
This comment was spot on! Airbnb is still profiting and I personally know many hosts like myself that are doing exceptionally well. It comes down to how much your monthly expenses are including your mortgage. Last year when prices were high, but interest rates were low you could find deals around the US if you really looked. Majority of them were in lesser known areas not as congested as say Palm Springs. Unfortunately, with the price she paid in the amount of money she put into the property has caused her model to be unfit in an over saturated market.
💡Great point Hobbity! Would you mind sharing more?
I agree with your video. It may still be doing well for some. This year I am still holding my properties strictly as airbnb because I don't want to deal with renters long term and all their issues but I have certainly come close to cutting out airbnb and just possibly doing long term rentals, when things got really slow but thank God a booking always fell through by advertising on several platforms to include insurance rentals for displaced homeowners. Great video.
Thanks a lot for the honesty.❤
Hey Rodrigo 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
6:30 cute little cow at the background 🥹
I have found from personal experience rental properties are high risk investments. Many people do not factor in realistic costs and risks. It can look like easy money, but you'll soon discover it's not.
Hey Murray 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Our Airbnb is already rented for over 200 nights in 2023. After a strong 2021 and 2022 we have no issues.
Loved the filming/editing on this video, Shelby! Nice work! 👏👏😁
Hey Annie 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Millions of Airbnb homes will be for sale in the next 2 years with no buyers in a down market. If you can get $1.2 million for this home, I'd do it. Immediately.
Hey James 👋 I’m thinking about making a video on this. Let me know if that’d be helpful.
P.S. If you have any other questions about starting & growing your Airbnb business lmk.