So, you probably have heard that it's pretty simple to start an Airbnb
business. Well, there is some truth to that in a way. But I'm going to tell you
exactly so you don't make any mistakes. Let's go.
Okay, I'm going to give you the fastest way to get started because it is go time. I'm
going to tell you the top mistakes so that you don't make them. And as always, I'm
going to tell you the truth so that you can make the most money without any fluff
like I always do. Okay. So, the first thing that you want to do when you're starting
an Airbnb business is you want to prepare. You want to prepare. You do not
just want to go and say, "Okay, I'm starting a business and go get a license
and just go." Because this is the easy way. I'm going to tell you the easy way. And I'm
going to tell you the easy way because I got started the easy way. And it's
probably not what you think. So, Noelle, you guys know me. So, I used to work a
corporate job. I was a manager sat in a cubicle and made lots of money in
corporate America but hated my job. But I was able to quit my job using real
estate investing. And that's why I'm here now. But how I got into Airbnb might
surprise you. Because it surprised me. So, about a couple of years ago, I had this
young student. He was about 18 or 19 years old. He tells me, "Hey, I can make you
more money than you are making on your rental properties." And I was like, "What?"
Because mind you, at the time, I'm tutoring, I'm mentoring, I have students,
okay? And I'm teaching on real estate investing. And I had already quit my job.
So, I had probably over 40 rental properties. I am just doing my thing in
the real estate investing game. And I have passive income coming in and I'm
happy. But this young kid is like, "No. I know you've got your rental properties.
But I'm going to show you a way that you can make double on those rental
properties." And so, he introduced me to Airbnb. And I'm going to tell you how.
So, as I'm teaching you guys on real estate investing, I always tell you
partnering with people is not a bad thing. So, this young kid offers me a
joint venture where he offers me to give him a few thousand dollars. I think it
was maybe $8,000. And he was going to rent some studio in some
one-bedroom apartments. And he was going to furnish them and put them on this new
thing called Airbnb. And boy did that change my life. We got about 5 or
6... I think it was actually 5 apartments, okay? And again, regular normal
apartments. Nothing too fancy, nothing too crazy. He furnished the apartments and
within a couple of months, he was making a thousand to $1500 on
every single Airbnb units. Mind you, I have all of these properties. And I'm
making maybe 4 or 5 hundred bucks per property. And some properties I was
making a little bit more, some a little bit less. But nowhere near the amount of
money that he was making on these rental apartments, okay? And so, my mind was
changed then and so I'm going to tell you how we did it. The first thing after
you've prepared and you're saying, "Okay, this is what I'm doing." And you've set
aside the time the money and the effort to do it. Again, you don't need a ton of
money, I'll tell you how to do it. But you will need to put a little effort in a
little bit of time. But it's pretty easy because here's where you're gonna spend
most of your time. It's going to be in finding properties, okay? Because I'm
going to tell you this way to do it. It's pretty easy and it's not going to cost
you very much money. And the thing that you want to do if you don't already own
any property that you can Airbnb, okay? Because if you have property and you
want to put some of them on Airbnb, you don't even have to worry about this. You
literally can just furnish those properties and put them on Airbnb. And
I'll teach you that. Or if you have no properties at all and you're kind of
like me you're just trying to test this thing out or you're like, "Yes, this is
what I want to do. But I don't have any properties", then you can use what we call
rental arbitrage. Where you start to find properties that are that you can rent
and then you get the landlord to give you permission or you get him to sign an
addendum or an amendment to the lease that allows you to have other people
there. And this is pretty simple to do. Now, when you're looking for properties,
you want to find properties that are going to be suitable for Airbnb. Now, the
thing that people are looking for with Airbnb are 3 major things. They're
looking for comfort, they're looking for safety and they're looking for clean. So,
they want a place that's clean, safe and comfortable. That's really the major
things that people need. They don't need big hotel. They don't
need 5-star, 20 bedrooms. They
don't need... They don't need a lot. Again, we're in an Airbnb. So, as you can see, it
doesn't have to be this huge place. It just has to be clean safe and
comfortable. So, if you have properties that you own and they meet this criteria
then it probably works for Airbnb. If you're going to be finding properties
and you have to go rent properties to do this, then make sure they also meet that
criteria. I'm going to give you a couple of little things. Again, you're going to have
to furnish these properties. You're going to have to stock the properties with you
towels and plates and forks and a few other things. And again, I have a
whole course here for you that tells you exactly how to do that for a great price.
But this is the easy part. This is not hard to do.
Finding property is really just about finding properties that meet these needs.
Or again, you don't have to buy any properties, okay? You do not have to buy
any properties. You literally can find landlords that already are renting their
properties to people then you rent the property either in your name or your
business's name which is what I recommend. And then you get the lease on
where they are allowing you to have other people there, okay? And again, I have a
total lots of other videos that teach you exactly what to say so I'm not going to
get into that here. But the key is going to be about starting to have those
conversations and getting some properties. And you can start this with
just one or 2 properties. You don't need a lot of money to start this.
Remember what I said, I actually had this young 18-year-old, 19-year-old guy that
started off. He had my money so he went and got 5. But when he had
just his money before he had any of my investment before we did that joint
venture, he had his one property. He already knew he could make this type of
money. So, it doesn't take a lot to get started and you don't have to be a
genius to get this stuff going, trust me. And then last but not least, once you
have your properties going and you've decided where they are, you want to go
ahead and list the property on Airbnb. I give you a link below with my link and
you can go ahead and set up a free Airbnb account. And again, it's not just
Airbnb. You have Airbnb, you have Home Away, You have VRBO, you have so many
other sites, okay? You really can google this. Airbnb is
the only game in town. It just happens to be the biggest platform right now. But
know that once you get these properties, you can list them on all of these
different sites so that your calendar stays booked. And again, nice story. We
only put them on Airbnb. Now, I put them on other different sites and we have our
occupancy rates almost at 100%. Even during some of the slow stuff that's
going on. Even during some of the downturns in the market. I teach you how
to just change your pricing and keep it moving so that you're always making
money on your properties. And I'm still making money on my Airbnb properties
more money than I'm making on my traditional long term rental properties.
So, I really encourage you that this is not hard to do you. Just follow those
steps and you will be successful, okay? So now, you have all of the steps you can
see this is super easy. Nothing too difficult to go on for you to
do here. So, if you want to take this deeper and get fully trained on how to
do this, I have a course available for you guys. It's super affordable. Again, you
can watch my videos here or you can go to bnbriches. That's BNB
riches.com. I have a full training course available for you guys. Super affordable
that teaches you everything all of my contracts, all of my scripts, all of my
template. Everything that you need so that you can start this business and be
successful in the weeks or months. Not years. Alright,
bnbriches, guys. To your success.