Have you ever wonder how much money you can make on Airbnb? I get that question all
of the time. What are the real numbers? How much money are people really making?
I'm going to tell you how and show you how much I make.
In this video, we're going to dive deep on how you can make the most money with your
Airbnb, how to maximize that. I'm going to give you all of the tips, tricks, tools,
tips to do it. We're going to talk about what you should be looking at, where you
should be handing your research, where you should be researching to find and
make the most money on Airbnb. I'm going to tell you exactly how to research how
to use Airbnb to actually help you on Airbnb where to look what to do and how
to find the best ways to make money on your Airbnb using Airbnb is platform
with the information that's already there. And finally, we're going to talk about
how to take it to the next level and turn your business into a million dollar
Airbnb business. So let's dive into the number one thing that you need to know
when you're trying to make a lot of money on Airbnb because you are going to
make a ton of money on Airbnb if you listen to the things that I'm going to
teach you. So again, the first thing is going to be about how many people the
property sleeps. So this comes down to number of beds. So many people miss this.
This is the important thing. It's not about the number of rooms. It's not about
you know how many rooms the property has or how many bathrooms the property has.
It's really about how many beds the property has. Airbnb is stands for if
you don't know, the Air in Airbnb actually stands for air mattress, okay? So,
the inventors founders or whatever you want to call it of air B&B started off
with air mattresses and making money renting out places, renting out their own
property. So, they count the beds and that's so important with this platform
is to know that that they're talking about how many beds and you want to
maximize that. So, you want to put as many beds in a room as you can sometimes. Now
again, don't go crazy and just fill the room up with beds. But know that this is
super important to your profitability. And you want rooms that have lots of
beds in them. You want to do the bunk beds. You want to do the trundle beds. You
want to have air mattresses in the closet. You want to have and be able to
sleep as many people as possible in your space. So, number 2, if you want to
really make money on Airbnb, you really got to start looking at what hotels are
charging in the area. You're not competing against other Airbnb's. You're
competing against the hotels. And just think if you can just get one of those
rooms per night and your property is getting one of those rooms, that's your
money. So, if a hotel has 500 rooms and they're getting 133 dollars a night. All
you're trying to do is get some of those rooms from their business the hotel to
your business on Airbnb. The next thing that you want to do that's super
important when you're making money with Airbnb is you want to research what
other properties on Airbnb are. What they look like, what the interior is like. How
many beds do they have? Research your competition and see what's out there. And
charge more than they charge. I know that sounds crazy. I'm telling you to look and
see what they're charging. But I'm also telling you, you're probably going to
charge more than what they're charging. That's the key to making money on Airbnb.
You got to know that most people are giving their properties away for free
and they are not making enough money. But you can. That's why I said in the
previous one, you want to look at what hotels are charging not what Airbnb is
charging. Because there's so many things that we can do where we charge what the
hotel is charging and then we give a nice little discount. And it draws people
right to our listing. When we're talking about how much money you can make on
Airbnb, you got to maximize what you're making. So, when you look on Airbnb
platform and you check out your competition. And even before you even get
on Airbnb, you can go on to their website and they're going to give you what the
average person is making on a property similar to yours. That's going to give you a
great idea of how much you can make but we're going to take that a step further
because on average, they're going to tell you probably about half of what you're
really going to make doing some of the things that I teach you. So, just know
that you could pretty much double the number that they are saying. So, if you
see that in your area the average is a thousand dollars per month, please know
that if you listen to me and you follow the things that I'm teaching you on this
channel for free, you're going to double that and that's how I make 2 to 3
and 4 thousand dollars per month on my properties just one property. You got
to look at their numbers and then know that you're going to make double. And number
4, when we're talking about how much money can you make on Airbnb, you got to
know that the real money is to be in longevity. You want to stick
with this and you want to become a super host. Once you become a super host, Airbnb
is going to reward you. They're going to push your property to the top and then
you can increase your prices. Being a super host comes with a number of
benefits that you want to capitalize on. And Airbnb helps you to start making a
lot of money on your properties when your Airbnb hosts. So, that is the real
key and the real ways that we make a lot of money on Airbnb. And like I promised, I
was going to share with you how much money I make on Airbnb. So, right now, I have 15
properties on Airbnb 5 of them though I co-owned with another person. So, before
I just jumped in, I'm going to give you a quick story. Before I just jumped into
this Airbnb thing, like I said, I was a landlord. I had regular rental properties
with regular tenants in them. And I was not hip to this short-term rental game
or to Airbnb. But I had a younger friend, a guy that I know and he had some
properties that he was interested in getting and he just needed an investment.
So, I invested in him helped him get a few properties and within 6 months, I
could easily see that what he was doing with Airbnb was totally blowing out the
water what I was doing with my regular rental properties and that's when I made
the switch. So, with those 5 properties, he was
making on average... And these were just apartments and townhomes, okay? None of
these were big houses, none of these were 4 bedrooms and 5 bedrooms. None of
the big properties that we're talking about. I'm talking just apartments, one
bedrooms and 2 bedrooms. Nothing crazy. And on his... Actually he had one studio in
there because he got one studio apartment. The studio apartment was
making about $1,500 a month. And the other properties were making over $2,000
a month like maybe 2,000. 100-2,000. But just say, again, $1,500 a month and $2,000 a
month. Meanwhile, I'm thinking I'm doing well
with my rental properties getting about 7 to 8 hundred dollars per month.
Which again is really good. I've told you most people don't even make that on
their rental properties. That is coming out to be a little less than 5
hundred thousand dollars per year. And then the numbers that he was making on
those 5 properties was about the same, okay? That's crazy. So, he had 5
properties and he was getting... Sorry, it was about 250,000
dollars per year is what he was going to... When he was projecting out based on the
6 months. And that again is not including just the nightly fees. But it
also was some of the other things that I've taught you guys with charging for
extra gas and allowing pets and the properties and things like that. Really
maximizing the profits. And then once you really get into this game, we've scaled
it because what he was able to do was those duplicate people that wanted to
come to the properties again, he didn't go through the Airbnb platform so he had
been booked directly with him and he gets all of the money. Now, this is not
something that you want to just go out and do because Airbnb does have a lot of
protections that I want you guys to take advantage of, like the insurance. But once
someone is stating your property and they've shown themselves as a great
guest, you can book them yourself and you don't... Not saying cut Airbnb out but you
can cut Aibnb out of it and get the money directly to yourself. So, to your
business which is why I tell you to do it as a business. Because you don't want
to just to come to you once come to your business. Okay. Hopefully you learned
everything about how much money you can make with Airbnb and how much money I
make with Airbnb. And hopefully, You're super excited and they're really
interested in doing this because there's a ton of money to make. So, go ahead. I'm
going to take this opportunity to ask you as I always do to please, please
subscribe to my channel so that can keep bringing you this content,
keep making you great videos basically giving you a free course on my YouTube
channel showing you exactly what to do step by step so that you can be
successful. Alright? To your success.