How to start an Airbnb management business. Managing short-term
rentals and airbnb properties can be one of the most
lucrative businesses out there. And there's a ton of demand for it because
this is a very specialized niche that many people are not involved in. So,
let's just imagine you can start a business doing this make a ton of money,
making people happy, giving guests what they need giving
hosts what they need and here's the fun part:
You can do most of this without ever leaving your home,
just using your phone. I'm going to tell you how. Let's go.
So, first of all, let's talk about what Airbnb is. We said
short-term rentals. And I told you when we started, short-term rentals are a very
lucrative business to be in. That's because you're instead of renting
the properties out on a monthly basis like most people have a rental property
and they rent it out on a monthly basis, you know, obviously people stay there for
a year or 2 years and they pay the landlord each month.
That's typically how the rental business works. However, with the short-term rental
business, instead of renting out an unfurnished
apartment or unfurnished house, you furnish the property, you put in the
necessities and you rent it out on a nightly basis
and you use sites like Airbnb, HomeAway, Vacation rental by owner, booking.com
and all of these other great websites, okay? And I'm actually really starting to
really like booking.com. So, we'll get to that in a second. This is basically a
business. When we say an Airbnb business management business, this is a
business where you will help manage the business. You will
help manage the properties. So, with the Airbnb platform, you have
guests that will go to the Airbnb website or the booking.com website or
again whichever website. And it has properties there that are
picked there's pictures. And the person can rent the property out
for a night for 3 nights, for 7 nights,
whatever. Host, those are people that have properties,
they go on the website and they list their properties, okay? So, they're the
host and then they find guests and Airbnb and
those websites act as the intermediary between the guests and the host. So, the
business of an airbnb management business is the person that
helps the host manage the guest, okay? There are tons of
people that want to do Airbnb, they want to do short-term rentals, they
want to make more money with their rental properties.
However, they are just not interested in dealing with guests.
They don't want to handle how we check them in, how we check them out,
how do we get the properties clean. And this is the opportunity that exists.
Because there are so many people that have properties with long-term tenants
in there, they don't even know that they could be
making 2, 3 times more money than they're making on that
property if they just put the property as a short-term rental property. But many
of them think that, "Oh, man. That's just too much work for me.
I'd rather just have that tenant. They pay me each month. I can't even be
bothered." Well, you can help them get that extra
money and be that person that helps do this
business. So, let me tell you how. So, now here is the opportunity that
exists, okay? Airbnb management businesses.
These are companies that can be created and that have already been created but
there's just not that many. That help owners, people that already
have properties, people that are already landlords turn their business or
turn that property into a short-term rental business but
they need help managing it, okay? Think about this for a
second. I literally have students that are
making 5, 10 thousand dollars a month and here's the caveat: With airbnb
management, no owning properties, okay? You do not
have to own the properties. Like I said, there's already people that have rental
properties that want to do this, okay? You don't have
to make the mortgage or the rental payments.
I'm not talking about you having your own Airbnb business.
All right? I've made that as a separate video if you want to actually rent the
properties yourself or own them yourselves and do this.
You can. But i'm just talking about creating a business where you help
manage, you manage Airbnbs. You do not have
any mortgage or rental payments. You do not have to do that, okay?
And tell you how. And then no credit checks.
Again, you're not going to be applying for these properties you're helping
manage them. You're going to be managing the guests, you're going to be managing
the cleaning team. This is what i'm talking about. This is what you're going
to be managing. And then no income verification. All
right? So, you do not have these things. This is
so important. This is why this is amazing thing that you can start today because
you don't have to do any of these things. So, what you are going to be managing
like I said, are the guests and the cleaning. So, let's
talk about that. So, as an Airbnb management company, as a
business that does Airbnb management, you're going to manage
the guests and the cleaning team. Those are going to
be your primary responsibilities. You may have to do a couple
or manage the handyman if there's a couple of repairs that need to be done
or things like that. But usually you don't have to you just manage those
things. You don't have to actually do them.
So, let's talk about managing the guests. What does that mean? Because that's
pretty simple. And this is why you can do all of this
from your phone. So, the person again that you find and they need help turning
their properties into Airbnb manager or they want to put their properties on
Airbnb but they don't want to deal with that stuff, okay? And literally I have
properties in Dallas and I pay an Airbnb management company and they
get 20% of my revenue. And I gladly give it to them because I
make more than I would on the properties than i would with a long-term tenant. And
all they do is they manage those messages to and
from the guests letting the guests into the
properties, telling the guests how to check into the properties.
If the guest needs to know like where is the coffee or where do i find the extra
towels, that company handles it. And this is the
company that you can create. There's tons of people like Noelle that
have decided to go from long-term tenants
to short-term tenants or short-term guests. Sorry, they're not tenants. They're
guests. And we don't want to deal with the
guests. We have enough money. We have enough properties, we don't want to or we
only have a couple of properties so we need to make even more money on them.
Truth be told, this is actually a business that you could do with people
that just have onesie, twozy properties because they are going to be more apt
and open to this because they probably don't have someone to do this. They're
used to the long-term tenant, they want to make more money so they
actually will make more money even with your cut. So, giving you an example, if
there's a landlord that you find, very easy to do you can find them on
craigslist, you can find them on Zillow, I talked to you about how to find them. I
have plenty of videos on that and I'll make sure i put description
in the box below for you. You find people that already are landlords. They have a
long-term tenant and now they want to move to a short-term tenant.
All you have to do is sign them up as the management company. I'm not saying
sign a lease. I already have videos if you want to actually own them
and rent them yourselves and have control over them. But this is just a
business where you manage the guests. You will handle the messaging, you will
handle the communication with the guests, you will handle the cleaning team,
you will make sure the cleaning team cleans the property. When they leave, when
they schedule it, you will handle those things. That's an
entire business that you can do directly from your phone. All you have to
do is put the properties up there. The owner of the property is the host
and you become the co-host. That's it. And you literally can start adding in a
management fee. All of the costs can be pushed onto
the guest essentially. The host could pay you the
person that owns the property could pay you or you can put a small management
fee. And for every single booking you get... And again people book for 1 night, 2
nights, 3 nights. You may have 8, 10 bookings a month
with one unit. And imagine if you picked up 50, 100 dollars
for every single one of those and you have multiple properties. So, this is the
business of it where you're just managing the Airbnbs. You manage the
guests, you manage the cleaning, you do it from the Airbnb app, the booking.com app,
you never even have to leave your home. It's amazing. Last but not least, you may
be called in to help with some of the decor or
furniture pickings or getting... You know, he property may need something and you
may be responsible. For example, people steal towels. I'm just
going to be honest with you. You know, not that they steal towels all
the time, you're buying towels every single day. But there's going to be some
guests that may steal the towels. And as the management, bnb management, you
would be responsible to go ahead and replace those towels for them,
okay? So, you would do some of those type of things for the owner so that they are
not bothered in any way buy that property.
They just make sure they pay the rent, they make sure the taxes and the
insurance is paid and then you handle the rest.
And you pick up your management fee. You can pick up the cleaning fees.
You can pick up a percentage of the revenue from
the seller. You know, you make you do a profit share with them.
And that is how you get paid. And this is how I have students that have just a few
properties. And I mean just a few. And they are making $5,000
minimum a month managing other people's Airbnbs. Okay. So,
I have made an entire course teaching you all of this on how
to actually have an Airbnb business and then if once you
learn that, I teach you how you can then scale that. You can do Airbnb cleaning
business. You can do just the Airbnb management.
You can do all of the things that you need to do. Go to bnbriches.com.
It's a very very affordable course that I've made that will teach you all of
this it provides all of my scripts, all of my contracts, the templates that you
need. Give you the education that you need and
now, I have a code you can say 50% off. This very very low price. Again, I
just want you to be successful. You can pay a very, very low price and
get 50% off. Go to that website use the code SAVE50
And make sure you go ahead and get the full training on this
so you can start making money in the next 30 days.
This is Noelle. To your success.