What does short-term rental mean?
Short, term, rental?
Are we talking about a day?
A week?
A month?
Like what is short-term?
Okay, I'm going to tell you on this video.
Because it has a real meaning for some people and has a great meaning for me.
And I'm going to tell you why.
Let's go.
Welcome back.
So, in this episode, we're going to be talking about short-term rentals.
What does it mean?
How does it work?
And kind of what does it mean for me.
And then what does it mean for you.
That's really the key.
And so, please go ahead and take this opportunity and subscribe to my channel.
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a free course right here with me.
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you.
And now you can get some money, too.
So, let's get into it.
So, in this video, I'm going to be covering with you short-term rentals.
What does it mean?
Is it good?
Is it bad?
You get mixed reviews.
But I'm going to tell you the real deal.
Number 2, I'm going to share with you: Do you need a license?
What do you need in order to do this, if you decide to do this.
And number 3, I'm going to tell you the shocking story of how I learned about short-term rentals
and what it meant for me and my business.
I promise you, it was a shock.
And you will be shock and I don't know if it's good or bad, though.
So, let's go.
The term short-term rental means a rental property that can be rented out per night
on a per-night basis basically.
On a per-night basis.
Most of the times when you go to apartment complex, for example, they are now offering
you a short-term rental.
They are offering you a long-term rental.
Usually they are also offering you an unfurnished rental.
That's where you take the property for 6 months, a year, 2 years.
You put all your stuff in there and you live there.
Awesome.
That's what most of us know about leasing.
So, let's go to what a short-term lease is because that is a property that's usually
furnished that you can get per-night basis.
Now, mind you, you can rent it usually for a night, 5 nights, 7 nights.
Usually up to 2 or 3 months.
Usually when you get over that, they may call that a long-term lease.
But the key usually with short-term rentals is that they are furnished.
They are fully equipped with the things that you need to just go in there with the suitcase
and just live.
So, some people call short-term rentals vacation rental properties.
Some people call them Airbnb properties.
Some people call them vacation rental property, short-term rental.
You get all of these different terms.
But they usually mean the same thing.
Again, a property that is furnished, equipped with everything that you need --pots, pans,
towels, sheets.
Fully equipped for you to just take a suitcase and move right in.
That's what a short-term rental is.
So, let me tell you the surprising thing about a short-term rental that you probably didn't
know.
The surprising thing that you probably don't know about short-term rentals is the enormous
growth that they had in the past 5 years.
So, so many new website have popped up.
Mainly, sites like Airbnb, Vacation Rental By Owner, HomeAway where normal people can
just put their own property on a website and start making money.
This has changed the game for short-term rentals because now people can take property that
they have.
They can even take a room that they have in their property and start making money.
And this has changed the game for so many people especially older people like baby boomers
and younger people like millenials.
This is a game changer.
Most of the people in the middle maybe live in the suburb.
They have families and kids.
But these 2 groups are changing real estate in great way.
And I'm going to tell you how you can make some awesome money doing it.
So, let's kind of go back really quickly and let me tell you just about Airbnb.
Airbnb is this awsome company.
I'm not sure if you've already been on Airbnb, stayed in an Airbnb.
I absolutely love Airbnb's.
And so, do many of my friends.
We all own them.
We furnish them beautifully.
And we absolutely make a killing with Airbnb.
But the company itself is not very old.
I believe Airbnb is only maybe 11 or 12 years old, period.
But here's a surprising fact you do not know.
Airbnb is so profitable.
Why?
Why is Airbnb so profitable?
Airbnb is profitable for 2 reasons.
One, because they do not own any properties.
All they are is basically a website that facilitate people that have properties.
With people that want properties.
So, there's lots of people that do not want to get into long-term leases.
They love the flexibility of being able to move wherever they want to.
Or they love the flexibility of just staying somewhere from maybe a month or 2 months and
not having to be committed to that place, okay?
That's one reason.
The second reason is the exponential growth of those 2 groups that I told you.
The baby boomers who have homes with a lot of empty rooms.
They're starting to become entrepreneurs and put those properties in those rooms on Airbnb.
And they're making a lot of money.
And then you have millenials who may be strapped with a lot of college debt, a lot of student
loan debt.
They're not interested in buying any properties.
In many cases, they can't because of the credit or the situation.
But in many cases, they just don't want to.
The whole psychology of the millenial is different.
They want to be free.
They want to be able to move wherever they want to.
And this has created this enormous opportunity where Airbnb is literally worth...
And I look this up.
And you can look this up too.
At the time of this video, the company is worth 63 billion dollars.
Yeah, a billion with a B. Now, let's talk about what industry they replaced.
They replaced kind of the..
They don't replace but they're cutting in essentially on the hotel industry.
So, let's talk about one of the biggest hotel chain.
Hilton.
Hilton has been around for 100 of years.
You guys have heard of Paris Hilton or whatever.
She's like the granddaughter.
And she's rich.
So, you already know.
Hilton makes a lot of money.
But look at the number.
Hilton is over 100 years old.
That company evaluation, I believe when I just last look, it was 22 billion.
Airbnb, what did I just say?
63 billion.
So, you're talking about a company that's over 100 years old that's worth 22 billion.
And a company that's like 12 years old that's worth 64 billion.
Think about this for a second.
How are they worth so much money?
Well, I'm going to tell you the big secret.
The reason they are really worth so much money is because they let you make money.
They let me make money.
The have created an opportunity for entrepreneurs to make a lot of money without spending a
lot of money.
And so, the short-term rental market is exploding on every level.
And I am teaching you how to do it as an entrepreneur.
And it's a great way to make a lot of money and create an entire business.
And they're giving you everything that you need.
Hilton on the other hand, great hotel.
But they have been giving me anything that I can use to make money.
So, like I said, I make money with Airbnb.
And I'm going to tell you exactly how I do it and how you can, too.
I literally had a house in Texas.
Now, of course, I have tons of rental properties that at one point, I had over 40 rental property.
But I'm going to tell you what I've done as of late and what my students are doing as
of late.
Because again, when I start getting rental properties in 2010 and 2011, Aribnb didn't
really exist.
So, I have rental properties and I would make maybe 4 or 5 hundred dollars per month on
the property based on having at least...
A tenant would stay there, they sign up for a year.
Maybe the mortgage was a thousand.
They're paying me $1,400 a month.
I get $400.
Minus all the fees.
Really not making that much money on each property.
However, there's concepts in real estate, cost of depreciation and leveraged depreciation.
So, I was still making money.
But let me tell you what happened.
So, lo and behold, I'm in Texas doing my thing.
I have a young friend.
He's in Florida around Disney and he asked me to invest in some thing that he's doing
with Airbnb short-term rentals.
And I threw a little bit of money at him so that we could get a few properties.
So, he goes out and he gets 5 properties.
And on each property, he's making a thousand, 15 hundred, 2 thousand dollars per month on
those properties.
Profit, okay?
So, I got a lease.
I'm renting it out for like 40...
You know, basically when you break it down, I'm renting it out for $1500 a month.
It comes out to like 56 bucks a night.
Now, I got this guy telling me, "You know what?
We don't even have to rent it the whole month.
We don't have to deal with any of that stuff."
And we're getting a thousand, 15 hundred 2 thousand dollars per unit.
Oh, my gosh, was my life changed?
I looked at the numbers.
I analyze what I was doing.
And I Immediately started transitioning a lot of my long-term rental properties to short-term
rentals.
Putting them on Airbnb's BRVO, HomeAway, blah, blah, blah.
Nuurez, NUUREZ.com.
We actually help you get properties and put them on Airbnb and make a ton of money.
We have mastered this thing.
And it is taken our income through the roof.
And this is all thanks to short-term rentals.
So, the concept is always been out there.
But the opportunity was definitely not the way it was.
We have a new opportunity.
It's 2020-2021, we're making..
Technology is awesome.
And this is the time.
This is the time, people.
If this is something that you're interested in, you need to do this and I'm going to tell
you how.
So, in conclusion, this is what you want to do.
If you're interested in short-term rentals, I have an amazing opportunity where you can
start getting short-term rentals on hundreds of properties with very little money and have
no debt at all.
Just go to Nuurez --NUUREZ.com and I'm telling lots of free ways where you can learn about
this or invest a little bit of money.
And own hundreds of properties.
If this is something you're interested and you want to know a little bit more, we do
love to talk to you and teach you more about this.
Because it is really good.
Alright, guys, I'll see you next time.
To your success.