In today's video, I'm going to be giving you a full tour of this Airbnb investment
property I'm staying at this thing is a cash count. So I'm going to show you the house,
show you the location, break down the numbers, everything like that. Let's jump into it.
To start with, the outside is pretty cool because first you have these paddle boards,
so right behind me is the ocean, so you can take it out there,
which is nice with an Airbnb to have all these little amenities.
And then, you have this area to relax. Right now, they're doing some construction behind me, but
at night it's really nice and scenic and you have that Caribbean breeze.
This is probably my favorite part of the house because you're in the shade.
You got the ocean views. You got the nice breeze. So everything's cool. Got the world's biggest dog
coming up. It's like a... I guess it's a great Dane. What's up buddy?
Good boy. Good boy.
Some other little details they have. They have all these little seashells
lining the stairs, which is cool.
We have the wooden alligator. If you're coming here at night, so just be careful. It looks
pretty legit.
There's actually a lagoon or a swamp just down the street, so you might actually see a real one
if you go walking around there too much. You come up, you have this one-car garage. I wasn't able
to get in there, but check out these doors. I'm a big door guy. These things look like they're
medieval-looking doors; has that rustic look.
And then this is the last stop. All this land is undeveloped. They're building that, but this
is cool because there's nothing back here. These stairs are a little treacherous at night, however,
you do have lights on them, handrails. You just don't want to slip down there.
All right, another amazing door.
Right here, we have a little dining area. This furniture's actually pretty heavy
and pretty quality, so you can tell this Airbnb host wasn't
messing around. I've talked to her a few times. She's really on top of everything,
very easy to work with. It looks like it's hand-carved. Then you have this nice glass
table and, most importantly, you have the water. So I have a bottle of tequila right there, but
when you're in the sun and hiking, going out on the water, you want to be well-hydrated.
Here, we have the living room and this couch, you'd probably fit two people on this couch,
but this is just the perfect little couch just to look out at the ocean. I was actually doing
a lot of work here. I go on vacation, do some work, just editing some YouTube videos to send
to my editor. But you put your laptop out here, got the nice view of the ocean and you
can actually open up these windows. So if you want to get a nice breeze, just open these up.
People talked about the bugs in Belize. I don't know. I haven't really seen too many.
This breeze is amazing. It's hard to show you on a video, but it's... Just trust me on it.
What's cool is, they put these little touches. They have the birds, the tropical vibes.
We got more... They definitely had a decorator or someone that knows what they're doing. With
Airbnb, to get the maximum value, you really want to just pull out all the stops. Look at the
checklist online to make the best Airbnb because all these little details definitely add up.
Then, we have the kitchen and this is a very small refrigerator. I think I actually bought the same
size at one of my rental places I have. It's great, great for small apartments and whatnot.
The beer of Belize, Belikin, and then the Coke bottle. I mean, what tastes better than Coke
and a bottle? Belikin's pretty good too. I might have one after this video is done.
Then, you have lots of space for storage. You got a safe in there.
I didn't put anything in there for now. Probably shouldn't say that on camera. So
lots of storage space, a small kitchen. You got a refrigerator, nice back splash, really cool sink,
toaster. I haven't really been cooking much here just because I'm in Belize, so I want to try all
the street food. I was trying to food tour the other day. However, if I didn't want to cook,
it's a fully functional kitchen in here. Here's the bedroom and you have a lot of
windows obviously, but at nighttime or even if you want to take a nap, you can pull those down.
This is the AC unit. It's actually pretty hot in here right now, but after you turn it on,
takes about two or three minutes and all of a sudden it gets pretty cold in here.
So before I show you the bathroom, which I think is one of the coolest parts of the property,
I want to break down the numbers real quick. So I'm paying 330 per night plus Airbnb fees,
and cleaning fees, and stuff like that. So if you add that up over the course of a month,
for those mathematicians out there, that's about $10,000 every single month
in gross take-home income. Now the property's not going to be booked 30 nights per month. There's
going to be some vacancies here and there and you're going to also pay a property manager.
Property management fees with Airbnb can be probably a minimum of 10% upwards of 20%,
just depends on the area, location, type of property, that type of thing. However, even if
you say, "You're not going to make a 10,000." Even if you say, "We're going to make $5,000
every single month from that," that is very substantial. I have apartment buildings
that don't make that much and this is like a little vacation, 300 square foot property.
So there's really something to be said about that. Not only that, but... I didn't get the exact price
from the owner. However, she told me she owns the one right across the street with the black
pillars right there. And then she said the one right next door to it just recently sold for 380.
She said, she listed hers for 425 about a year ago and then COVID messed some things up for her.
However, those properties were much bigger. They weren't right on the beach like this one's right
on the beach, but I imagine that this one would probably sell in the 300 range, maybe low 300s
because it's literally just one room. So I almost want to make a deal with her. If these numbers
are accurate, I might have to reach out to her. When I'm looking at rental deal, I usually like
to be at the 1% rule. So if a property sells for 300K, then you want to make sure that the
gross rental income is $3,000 per month: 1% of 300 K. However, if it's a property in Belize,
you need to add a little bit more margin of safety into it. So, $5,000 a month, to me, would be that
margin of safety. So here's the bathroom and this is not your Home Depot stuff right here.
They got all these cool artifacts on the wall. Looks like bonefish grill over here.
I also meant to say this mirror's really cool. If you don't want it to steam up,
you can press that. This does something. Actually, that's this team one.
You can light it up; turn the lights off, so a cool little sizzle feature there.
And then they got the map of San Pedro, and so we are pretty far down south.
We are south of the city. We're about four half miles south of San Pedro.
Got a really nice shower as well. Also, something a little unusual about this property
is that there's no door for the bathroom. So I think in the
instructions that they did mention something, or the owner did mention something about a door,
but it was a pretty lengthy thing of instructions so, of course, I didn't read it all, but
there's no door. So what are you going to do? Thanks for watching this video and let me know
in the comment section below if you could stay here for a few nights, if you would invest in
Belize. Also, if you're interested in real estate mentoring, I do offer some different options,
so definitely check out the links below and I'll see you on the next video. Bye.