Where to look for short-term rentals? That's a really good question because
I'm going to tell you. They're not everywhere. And finding the wrong one can
take your whole business down. I'm going to tell you everything you need to know.
Let's go.
Welcome back. As you can see, I am in a beautiful short-term rental Airbnb here.
And I would love to know where you are. So, comment below if you get a chance and
tell me where you are and then put Airbnb behind it. Because I'm going to
comment and see where people are because there's some amazing places where we are
looking for properties. And we may be able to help and get you a check. Let's
see. Short-term rentals are awesome if you know what you're doing. In this video,
I'm going to share with you the best place to find the most profitable properties
that are making 2 to 3 hundred percent more than the average rental
property. And I'm going to tell you how you can find those properties and get them
for yourself and start making money in about 30 days. So, the short-term rental
business has exploded since the invention of Airbnb, HomeAway, VRBO and a
lot of other vacation rental sites where people can put their short-term rentals.
And so, let's kind of go back. A short-term rental is a furnished
properties similar to the one that you see here that is completely furnished
and equipped for someone to just come and stay, okay? So, not only are these
properties fully furnished. They're also equipped with everything that one might
need. I'm talking pots, plates, pans, towels, sheets. Pretty much what you would need
if you came to a hotel. But a little bit more because you're in a property. So,
what short-term rentals are doing is taking the hotel business and taking it
to a whole another level. We have so many people that are not interested in
getting in a long term lease. Lots of Millennials and baby boomers, we got a
lot of those different groups that are not looking for 1 in 2, 3-year
leases. They want to be very mobile. They want to be able to move from one place
to the next without the hassle of breaking a lease or being in a long-term
commitment. And so, with the rise of Airbnb which is a company
that's worth like $63 billion dollars now. We are finding a whole new
lane for us to start making money in. And as an old real estate investor, I'm going to
tell you this is amazing. Let me give you the details. So, those of you that don't
know me, I'm going to tell you really quickly. I used to be this working person
that just worked a corporate job and I used to wholesale properties.
Then I started fixing and flipping properties. And then I own rental properties and I
became rich doing so. But then at the same time, I still had a lots of rental
properties and this Airbnb was not a thing, short-term rentals were not a
thing. I would just have rental properties. You know, my tenants would
stay there for a year maybe 2 years or they would do a lease purchase and then
eventually buy the property for me. And I thought I was doing amazing. Well, boy was
I wrong. There was even more money to be made. I
was living in Texas and now I live in Florida. And I'm going to tell you why I
made the move. I literally was living in my house with my family. We lived outside
of Dallas Texas. And we were thinking about moving to Florida. Well, I had one
of my investors come to me and they were telling me about this Airbnb thing and
how they were making all of this money by furnishing the property and then
renting it out on a per-night basis. Okay, a short-term rental. And I was like, "Oh,
man. That sounds crazy. I got to buy furniture, I got to buy plates. I got to buy
forks. That sounds crazy. Why would I do that?" Well, he said, "Let's just do it. Throw
a little money at this. Invest in me and I'll make you lots of money.' And boy, did
he deliver. He started getting these properties. I'm talking about just some
apartment. Similar to the one that you're looking at now that we own. One bedrooms,
studio apartments where he was renting them. Furnishing them equipping them and
then renting them out for like a $150 per night. Mind you, I'm
in Texas with my 30-40 rental properties or whatever. I'm making 3-4
hundred dollars a month on a property thinking that's pretty good.
Mind you, this young kid is putting properties that he doesn't even own on
Airbnb and we're making a thousand, 2 thousand dollars per property in a month.
My mind was blown. I was a believer. What I learned about the short-term rental
business was there was opportunities pretty much everywhere that there was a
hotel. So, once we started kind of ramping up the business, I basically decided to
get rid of all of my long term tenants and I started transitioning those bad
boys -to Airbnb and making a ton of money on
properties. And I even realized we did not have to own the properties to make
this money. We were renting properties and they were getting us cash flow. Oh my
gosh, my mind was blown. So, let's talk about where this works best. Because I'm
telling you, we are making 2 to 3 hundred percent more than we were ever
making on just a long-term rental property. So, like I said, we moved from
Texas, Dallas area to the Orlando area because there was so much opportunity
around the Disney World Park, Universal Studio, SeaWorld. But we are finding that
this model is working pretty much everywhere in the country and even in
other countries. The bottom line to this whole thing with short-term rentals is
if there are hotels in the area, then you can make money doing this. You're really
trying to compete against the hotels and start taking away some of those nights
that they're getting. You basically run your business instead of a rental
property business. You have Airbnb business or a short-term rental business
or vacation rental business. Whatever you want to call it. The bottom line is
instead of renting out the property for a whole month unfurnished, furnish that
bad boy. Put it all together and rent it out on a per night basis and that's that.
Okay. So now, you know exactly where to find
short-term rentals. How to make a ton of money doing it and you can see that we
are in a short-term rental that's making lots of money each month. And these
owners don't even need as many properties to get the same level of
income that I need it like 30 properties to get. I got people with like 7
properties making what I was making with 30 properties. It's a game changer,
people. So, if you need more information or if you enjoyed this video, please take
a moment and go ahead and like this video. Comment below where you are. Tell
me what city you're in and then put Airbnb behind it. And I'll give you some
information as to what you can do to start making money doing
this. Alright. To your success.