Hi there. I'm Noel Randall. Have you been looking for a way to start working or
making money part-time? Maybe not even owning any property but the money's
coming in? Well, have I got a secret for you when it comes to making money with
Airbnb. By the end of this video, you're going to be confident on how to make money
with Airbnb.
We are going to be diving in today and I'm gonna be sharing with you why Airbnb
is now my go-to thing. Why I am hooked? Why I'm making bigger profits? Why
have better properties and how I am sharing this with you also you can do
the same thing. In this video, I'm going to tell you what you need to do. So, there,
we're going to go through. One, how you can get on Airbnb, how you can learn their
system. I'm going tO tell you how to learn their system, the tit, the tricks, the
tools to use their system and when. We're going to talk about how you decide if this
is the business for you. What are the pros, what are the cons. We're going to talk
about how to take your business to the next level with great reviews and things
like that. I'm going to give you some great tips on how to do it in exactly why you
would want to and how to do it. We're going to talk about how to grow your
business faster than anyone else and in any other way that you possibly could in
real estate. And then lastly, we're going to talk about how you scale, baby scale. How
you can get lots of properties for the cheap and make a lot of money doing it.
So, when it comes to making money with Airbnb, the first thing that you need to
do is learn their system. Learn the platform. And again, this is super easy to
do. I have tons of content on this teaching you all about the platform. But
I'm going to give you some really cool tips and tricks right now on how to
learn their platform and what you should do before you ever even list the
property. So, knowing the Airbnb platform is so important to people. So, many people
will list the property up there. And they don't even know how Airbnb work. And
it's easy so take the time to learn it. The first thing that you want to know
about Airbnb is that it is a platform. They do not care what properties people
book. They want the best experience for the people that are booking. Right now,
Airbnb has so many people looking to book properties that people with
properties can't even keep up. So, they are actively looking for entrepreneurs
like yourself and like me that have properties that want to list and want to
make money on Airbnb. But at the same time, their biggest concern is that user
experience, it's that guest. So, the guest that
homes and books your property, did they have a good time? Did they enjoy
themselves? Was the property clean, comfortable and safe. That's what you
need to convey and you're listening and with the experiences that you give to
people. So, know that that is the number one priority. And so, when you first list
your property on Airbnb, it is going to be key that those first reviews are
five-star. Those first reviews are killer for your business. You need 3 reviews
before you ever really start ranking on the Airbnb platform. So, the key to it is
get those 3 bookings and get those three 5-star reviews as soon as you
can. And the way that you do that is by asking. Ask your guests for that
five-star review. And I don't mean do it in a cheesy way. Give them a five-star
experience. Tell them you're going to give them a
five-star experience and then ask for a five-star review. Pretty simple, right?
I'll give you some wording some detail on that but just know that's the gist of
it. You want to give a great experience to the guests so that the guests have a
great time. Give a great review and then Airbnb rewards you by showing your
property to more people and then you can increase your prices. The second really
important thing when it comes to making money on Airbnb is deciding to make it a
business. You need to decide if this is something that you're doing one
or two properties or if this is something that you want to make a
business. Because that decision really affects how you do everything and it'll
affect all of the things that you have for your business.
For example, the Welcome book. The Welcome book is a book that you put together for
your guests when they come to your property. Letting them know how things
work, what your rules are, what the Wi-Fi code is. Things like that. I'll make an
entire video on it actually. I have for you that tells you what should be in
your welcome book. But just know that it's all about making it a business. In
fact, I'm in an Airbnb right now. And so, one of the things that
I'm telling you is about the welcome book. It doesn't have to be anything
fancy. This is one here. And it just kind of outlines like I said some of the
things about the property, where to find things, what the Wi-Fi code is. And how to
reach the host or the co-host. And we'll talk about that. Because the guest needs
to be able to contact someone should they need anything. And this is super
important for your business. So, when you do this as a business, you'll treat it as
such and you'll make sure that you have the amenities and things in place that
your guest is looking for. I always suggest that you do things as a business
because there are so many benefits that come along with doing things as a
business. And you get those tax benefits, you get the notoriety. You can have
credibility to your guests things that you can tell them that sets you apart
from other people. And it really just takes you up to that next level. Reviews,
reviews, reviews. The next thing that is so important when it comes to making
money on Airbnb are those five-star reviews. You will not be successful on
Airbnb or any platform that deals with short-term rentals and guest experiences.
You won't even really be a successful landlord with a bunch of bad reviews but
I can tell you in the Airbnb world, this is key. One, because like I said earlier,
Airbnb rewards you for giving great experiences to their guests. That is who
drives their platform. They want more guests. Yes, they need us with the
properties and they need a host but they really need millions and millions of
guests because that's what drives the business. So, for you, the new host and to
make money with Airbnb. You really got to focus on those five-star reviews. And to
do that, you need to communicate to your guests that you want a five-star review.
Let them know as soon as they book your listing, "I can't wait to have you in my
property. You're going to enjoy a five-star experience. Please let me know if you
need anything." That's like the first message. A second message when they
arrive, "I'm so glad you checked in. Hopefully everything is great and you are enjoying
your five-star stay." You know, when they leave, "I've given you a great review.
Hopefully you can give me a five-star review. If you can't, please let me know
in advance." Again, keep asking for what you want. I
asked for five-star reviews, I get five-star reviews. You don't ask, you don't
get them. The next thing that you need to know when it comes to making money on
Airbnb, like I said, if you treat it like a business then you can literally borrow
money in your business's name and scale your business. This is something that not
a lot of people know understand or really talk about. So, I'm going to give you
some really cool tips. If you can get your business license, so important, get
an LLC or corporate ever you decide. I'm not an attorney or anything
like that. I'm not going to guide you on that. But know that you want to register
your business legally. Then once you start hosting on Airbnb, all of those
profits, all of the money from the bookings put them in your business
checking account. After about 3 months of doing this, literally, you're
going to get offers in your business's name to borrow money and you can use
that money in your business's name to purchase things for your properties to
get more properties, to hire people whatever you may need to do. In other
words, this is what you're going to do to scale, baby scale. And this is how I have
students that go from 2 to 10 properties in a matter of months because
they start off small (because we all do) then we show that we have some success.
And now we have all of these people wanting to loan your new business, your
startup money and then you can just scale that business. Scale it, you can get
more properties. On average with Airbnb you're making 1,000-2,000
dollars per properties. So, the more properties you have, the more money your
business has. Now again, you don't want to go too fast or too crazy with this. But
know that you can grow this business really quickly and start making a lot of
money really quickly if you treat it as a business. So now, we're going to talk
about the last few hidden ways to make money on Airbnb. So, of course, you have the
nightly rates. You charge for a property one hundred, two hundred dollars a night.
Whatever the property gives you. So, this one here it's probably this is a really
nice one. A lot of beds. This one that I'm in here very well decorated but
very simple. Commands probably about $200 per night. You do the
math to that. Now, that's just the nightly rate. We have other fees that we can
charge. We can charge cleaning fees. If you allow pets, which I do. i do
non-refundable pet deposit. Extra guests. When other people's per say for example
this property is sleeps 19 but it's not $200 a night for 19 people. Anything over
5 or 6 people, you can charge ten, twenty, thirty dollars per person. You get
to decide. It's your business. And Airbnb opens that right up for you, okay?
It makes it easy to send a request for payment and get that money directly to
you. Super easy. So, giving you a great example on how I kill and make a ton of
it with Airbnb. So, giving you a quick story on how I make a ton of money with
Airbnb and some of these extras. Like I said, in most of my Airbnbs, not all,
I have really nice flooring. But I don't do a lot of carpeting. For example an
Airbnb like this one has a laminate floors which are perfect for a dog.
They're not going to scratch it up, they're not going to really mess it up. It's not
real wood, okay? So, what I do is I charge
$250 for pets. Non-refundable. They must pay that pet deposit prior to
them arriving. It's due 5 days before their check-in. So, in other words, I got
my money before they ever came. 2, most people that literally will pay for their
pet usually are a pet lover. They're usually a dog lover. And those are the
people that I love. If you love your dog, so do. I'm not really looking for dog
owners. You'll get the difference in what I'm saying in a second. I'm looking for
dog lovers. People that are willing to pay to have their pet come with them on
vacation. There's some people that are not willing to do that. Totally okay. I
probably don't want their pet in my pretty anyway. But those that are willing
to put a non-refundable deposit, they want their pet to come, they pay those
fees gladly. And that's all my money, okay? Now and again, it's $250
for up to 2 dogs is what I allow. I only allow dogs.
I don't allow cats and go into some more detail about that maybe in another video.
But I'm telling you I make a ton of extra money just with pet fees. And
here's the key: If they have a dog, they probably need it to board the dog while
they were on vacation. So, that costs money. So, they're really not that opposed
to paying those non-refundable pet deposit. I do get a couple of people that
ask me if they can get their money back if the dog doesn't do anything. My answer
is no. Again, you can create your own answer. It's your business to run as you
please. I suggest keeping the money because it
is an added benefit and not all Airbnb s allow them to bring their dogs.
So, that's just one of the ways that I rack up get extra money, plus the nightly
fees, plus the cleaning fleas, plus the extra guests, plus the pet deposit. Man, I
could go on and on. So, the possibilities are endless. All you need to do is think
of what some of the needs are of your guests and charge for their solutions.
Hopefully that answers all of the questions that you have in regards to
making money with Airbnb. I've listed out all of the steps. I'm going to continue
making these videos so that you have full information on how to get started,
how to make money. Please take this opportunity to go ahead and subscribe to
my channel. If you like the content, please go ahead and like this video.
Hit the little notification bell so you get those notifications and you don't
miss a thing. I'll see you next time.