People are becoming millionaires on Airbnb and this is how. Have you ever wondered how in the
world could someone do Airbnb and rent their property out and make millions of dollars?
Well, there's a secret. I'm going to tell you because I do it and
some lies that I need to clear up for you. Let's go.
I'm going to share with you my true story of running a 6-figure Airbnb business. Yes, I
said 6-figure Airbnb business. Not 7. I don't make millions with my Airbnb but I'm going to tell you
how I get to 6 figures pretty easily and how you can too. Then I'm going to share with you the real
way to get to 7 figures with short-term rentals. And last but not least, I'm going to share with
you the biggest mistake that I've made in my Airbnb business so you do not make the same
mistake and you don't lose money like I did. So, let's talk about what Airbnb is. Many of you guys
are familiar with the term Airbnb because that has now become a term. But Airbnb is a website.
It's an app that puts together hosts that want to put their properties on Airbnb for guests to come
stay at and guests who are interested in staying the night at people's homes, their condos, their
apartments, and not staying in a hotel. It's very similar to the hotel business but it is not the
hotel business at all. In today's market, people are not wanting to stay at hotels. They're wanting
to stay at entire homes. They want to be able to spread out, they want to be able to bring their
kids, their friends, their families, couples. They want to travel and get the whole house and stay in
a place that's as comparable as a hotel but with more space. And so, this has opened up an entire
market called home sharing. And those of us that do it professionally, I have dozens of Airbnbs,
we make tons of money with them. If you do it professionally. Many people will put their
property on Airbnb and make a few bucks but I'm going to talk about how you really make a lot
of money with Airbnb because the opportunity is there. So, let me start by quickly telling you my
story. This is Noelle Randall. I'm a real estate entrepreneur, millionaire, mentor, mom of 5 or 7
depending on which day you're asking me because my 2 stepdaughters are actually adults. So, anyway,
I have been doing real estate for quite a long time. And the bottom line to this is there were
so many things that I did wrong and Airbnb didn't exist when I started in my real estate venture.
So, when I got rental properties, I needed over 40 rental properties in order to quit my 6-figure job
just to create the same type of income. But when I started teaching and mentoring in real estate
and showing people how I got my fix and flips and my rental properties, I came across a student that
taught me how to make 3 times what I was making on one rental property with something called Airbnb.
So, instead of renting my properties out on a monthly basis unfurnished, he told me,
"Let's furnish them. Let's equip them. Let's put them together. And let's rent them out on a
nightly basis on Airbnb." Today, I have properties that make a minimum of $1,000 per unit. And again,
I have dozens. What I learned is I didn't need so many properties to make that same amount of
income. So, one of the awesome things that I was able to do was start to sell off some of
the rental properties that I did not need and to convert some of my long-term rental properties
into Airbnbs and increase my income. It was life-changing. This is something that I did and
something that I would encourage you to do too. Let me tell you how. So, one of the things that
I learned from this 18-year-old is that I could make money off of properties I did not own. Like
I said, this student told me "Let's invest some money, let's get some properties, we could rent
some apartments. They were studios and 1 bedrooms. Let's furnish them and let's put them on Airbnb.
So, I had invested about $8,000 with this student. You know, we did a joint venture. And in 3 months,
he was making a minimum of $1,500s per unit. And again, we had 5. I was immediately sold
because I learned and what he taught me was that you can rent them out for about $140 per night on
average versus renting out an apartment for about $1,200 per month. But with the mortgage, you are
only making about a $300 profit. But when I was renting them out even with that same 900-dollar
mortgage, I was now making nearly $2,000 per month. It was crazy. The opportunity changed my
life. One of the things that you need to learn and know hopefully you picked up is you do not have to
own properties in order to start making money off of them. And that's how real estate has created
so many millionaires because you're wanting to start cash flowing. Yes, you can make money off
properties you own when you sell them but you can start getting cash flow and income from properties
you don't own. So, as long as you get permission from the landlord to put the properties on Airbnb
which I'm able to do, we can make a ton of money. So, I have properties that I own that I put on
Airbnb. I have properties that I rent that I put on Airbnb and I have properties that I control
that I put on Airbnb. It really doesn't matter to me. As long as I can put the properties on Airbnb,
use them for short-term rentals. It really doesn't matter whether I own them, rent them
or control them. The cash flow is still mine. And that's how you can make a ton of money. Again,
if you want to make a million dollars per year, you really only need about $83,000 per month. So,
let's just think about that. If each property is making you $2,000 per month on Airbnb,
in order to make $80,000 per month, you would need about 40 of them. Yeah, I know that sounds
like a lot. But this is how you could do it which is probably why I don't make 7 figures with my
Airbnbs but I easily make 10-20 thousand per month off of mine. And so, you can do the same thing
pretty easily. Another way that you can make a ton of money and become a millionaire with Airbnb
is with direct bookings. So, after you start getting guests that come and visit your property,
you will start to reach out to those same people. You'll leave a notecard in the properties. There's
some tricks that we do. And we get those people's information. And the next time, we get the direct
booking. Meaning, we don't have to split any of our money with airbnb which increases our profits.
People get to come back to our properties and their repeat customers. We offer them a discount.
In return, they pay us directly. That's another way to make money with Airbnb and get into that
millionaire status. Next, Airbnb is a gateway into corporate housing. Corporate housing makes
way more money than my Airbnbs. But unfortunately, to get in with most corporate housing with the
larger companies like Pepsico and Frito-lay and GE and Apple, these really large companies
that do corporate housing and they move their engineers or their project managers, you know,
they move them around and they stay places for months on end, that is corporate housing. That
is when a corporation will pay for your furnished property. Very similar to an Airbnb. The awesome
thing about corporate housing though instead of Airbnb is corporations usually pay more per month
than Airbnb. So, it's even more profitable. So, I even have gone from Airbnbs. Now,
into corporate housing and we have great contracts with some really big companies and they will rent
out our properties most of the time for 3 times what the rent is. So, if I have the rent is 1,200,
they will rent it for about 3,600 per month. You can also do crowdfunding. That is another way that
I have made millions and how I got into 7 figures with Airbnb. Crowdfunding has allowed us to take
a fund where people put in as little as $500 and all we do is get Airbnbs and we split the profits
with our investors. It's governed through the SEC, the securities and exchange commission. So,
you can check it out at trucrowd.com. That's t-r-u-c-r-o-w-d, ".com". Trucrowd and lookup
Nuurez, NUUREZ.com. This is an amazing way if you only have a little bit of money,
you're wanting to learn about real estate to invest in Nuurez and start seeing what we're
doing and make some money in the process. We're going to take that company public in a few years
so you might want to get in on it while you still can. So, there you have it. If you really want to
learn all about how to have this business and get business funds and use business credit and
make money off properties you don't own, I've created a very affordable course that you can
check out at bnbriches.com. That's B like boy, N like nancy, B like boy. Riches, R-I-C-H-E-S.
Go to bnbriches.com. Check it out. I'll teach you all about how I do this. You'll get all
of my contracts, all of my templates and all of my scripts for you to have your own airbnb
business. I want to make sure that you have all of the tools, all of the knowledge,
and all the resources that you need to be successful. This is Noelle. To your success.