so your rev for that month was $50k but you pay 40k in rent and 10k in cleaning fees on average per month did u lose money that month that u generated 50k rev? I also have an airbnb business and understand all of the costs and expenses very well so please respond to this comment and let me know how that month actually went for you.
This is the question that few UA-camrs are willing to answer. $50K looks impressive until you factor in all of the operating expenses, rent, etc. then that number shrinks dramatically. She’s probably taking home just below $10K a month if that even with 14 properties, and for someone who’s broke with no other skills that’s fine, but realistically that’s equivalent to a $100K a year job, which most middle class adults already have.
Business credit please!! I just spoke to a friend about this model this week and he is doing it already. I’m about to get started and would benefit from the business credit video. Thx!
It is no different than what banks do in the money business. But you are trying a long term rental, and then renting short term. 1 month missed renting it out will wreck your profits. This idea is nowhere near as lucrative or easy as what You Tube experts say it is.
Not true. Renting long term then re-renting short term creates way bigger margins. Typically you can charge nearly double the rent on a 2 week stay. Say for example I’m renting a property with a landlord for $3,000/mo, it’s not uncommon to rent this short term for $6,000/mo. This means I could rent 6 months then have vacancies the other 6 months and still manage to break even. Saying 1 month of vacancies will wreck your profits is just completely untrue.
Great question! Not every single area requires permits, but in the areas that do - It is not a bad thing. If anything it makes the market usually more profitable because people see that as a detour. Some markets require permits but don't enforce their regulations and others are more strict.
Been following your journey , thanks for all the helpful information. When you sign the lease is that something the landlord or property manager provides you with or are you providing a special lease that you created? Also when your lease is up what do you do with all the furniture?
You are so welcome, glad you are finding the information helpful! I don't create leases, they do. I create lease addendums ( you get access to the same one I use in my Airbnb Takeoff program) the goal is to always resign the lease, so I'll never move out. But if I do leave, then the goal is to find another unit to transfer the furniture too or worst case, sell it all.
Question! About to sign up for your program. Do you need a gurantor ? For example, will the landlord or properpty manager take a deal from a brand new LLC ? I am a college student and dont have a stable income "yet." My credit score is fair. But definently have the liquid cash. Please let me know!
Theres a few ways you could go about it, you could have the business sign the lease and then personally guarantor, get an investor, or work with privatley owned companies or landlords who are willing to work with your new LLC. Offering higher sequirty deposits is always an option as well.
Thanks for sharing this video. Amazing content by the way if you could make a video on how to utilize funding from third-party lenders that would be nice. Also much success to you and congratulations.
Thank you so much for your kind words and I am so happy you are enjoying the content! I will keep this in mind for a future video. More content coming soon.
I recommend reaching out to private landlords and asking to rent their home. Ask if they allow STR, create a pitch deck and share it with them explaining your exact intentions and plans for the property.
@@Hailiemaarie you’re super inspiring, me and my boyfriend are currently in the process of trying to get our first Airbnb. You showed us it’s possible. 💪🏼 i haven’t taken your course yet, but im looking forward to it!
@@misshollywood6796MY HEART! I'm just now seeing your comment for some reason but this was 7 months ago... where abouts in your journey are you two at?
LLC not LCC It is Limited Liability Company بالعربي شركة ذات مسؤولية محدودة كنا نشوفها على سيارات الشركات في الكويت واحنا صغار ليتنا بقينا صغار simple as this: if somebody is to sue the company, they cant sue you on your personal property like you house or car
There is no way you have enough Short Time travellers to Rent out your Airbnb every Month in a normal City or village Apartment to make this anyhow work out, if you dont have the craziest vacacion Apartment somewhere in Bali…
Not every market is extremely profitable, correct. But that's why market research and property analysis is so important. Just because you get a yes doesn't mean it will make a good Airbnb, but you also don't need an Airbnb in Bali in order to be successful...
so your rev for that month was $50k but you pay 40k in rent and 10k in cleaning fees on average per month did u lose money that month that u generated 50k rev? I also have an airbnb business and understand all of the costs and expenses very well so please respond to this comment and let me know how that month actually went for you.
Great question, I’m confused on this too
This is the question that few UA-camrs are willing to answer. $50K looks impressive until you factor in all of the operating expenses, rent, etc. then that number shrinks dramatically. She’s probably taking home just below $10K a month if that even with 14 properties, and for someone who’s broke with no other skills that’s fine, but realistically that’s equivalent to a $100K a year job, which most middle class adults already have.
Profit margins are 40-45% on Airbnb. Not including VRBO, and direct bookings.
@@Hailiemaarie Is that before or after you deduct cleaning fees?
@@Hailiemaarie ???
Thank you for being clear about the upfront costs 🙏
You are so welcome! Transparency is key.
Thank you for sharing this!! The firs video I see of yours but I’m already so proud of you ❤
You're so kind! Thank you for your support!
Business credit please!! I just spoke to a friend about this model this week and he is doing it already. I’m about to get started and would benefit from the business credit video. Thx!
Awesome! Did you get the chance to check out the business credit video I posted?
These tips are gold! The 0% Apr cc are genius
Thank you❤
Question: what made you choose remotely vs. close to your actual residence?
My local market was not profitable so I needed to find else where to operate!
It is no different than what banks do in the money business. But you are trying a long term rental, and then renting short term. 1 month missed renting it out will wreck your profits. This idea is nowhere near as lucrative or easy as what You Tube experts say it is.
Not true. Renting long term then re-renting short term creates way bigger margins. Typically you can charge nearly double the rent on a 2 week stay.
Say for example I’m renting a property with a landlord for $3,000/mo, it’s not uncommon to rent this short term for $6,000/mo.
This means I could rent 6 months then have vacancies the other 6 months and still manage to break even. Saying 1 month of vacancies will wreck your profits is just completely untrue.
what about short term rental license/ permits? I heard this is hard to obtain as laws are limiting the amount of airbnbs allowed in most cities
Great question! Not every single area requires permits, but in the areas that do - It is not a bad thing. If anything it makes the market usually more profitable because people see that as a detour. Some markets require permits but don't enforce their regulations and others are more strict.
Awesome video! Business credit for sure!
Thank you!
Been following your journey , thanks for all the helpful information. When you sign the lease is that something the landlord or property manager provides you with or are you providing a special lease that you created? Also when your lease is up what do you do with all the furniture?
You are so welcome, glad you are finding the information helpful! I don't create leases, they do. I create lease addendums ( you get access to the same one I use in my Airbnb Takeoff program) the goal is to always resign the lease, so I'll never move out. But if I do leave, then the goal is to find another unit to transfer the furniture too or worst case, sell it all.
Super helpful, straight to the point, GREAT CONTENT THANK YOU
Youre welcome!!!
I’m a bit confused, so for your first rental property did you pay the starting costs out of your pocket? Great video btw very informative!
Thank you, the info you provide is very helpful.
You are so welcome, happy it can be of help to you!
Business credit
Question! About to sign up for your program. Do you need a gurantor ? For example, will the landlord or properpty manager take a deal from a brand new LLC ? I am a college student and dont have a stable income "yet." My credit score is fair. But definently have the liquid cash. Please let me know!
Theres a few ways you could go about it, you could have the business sign the lease and then personally guarantor, get an investor, or work with privatley owned companies or landlords who are willing to work with your new LLC. Offering higher sequirty deposits is always an option as well.
Thank you so much for this info VERY informative. I was looking for guidance on how to start up my business.
You are so welcome! I'd love to help you start and scale your own short term rental business. Are you looking for a mentor?
Hello. Did you use Legal Zoom or Incfile( Now Bizee)?
Also what tier package did you use?
I use the basic one on both
Thanks for sharing this video. Amazing content by the way if you could make a video on how to utilize funding from third-party lenders that would be nice. Also much success to you and congratulations.
Thank you so much for your kind words and I am so happy you are enjoying the content! I will keep this in mind for a future video. More content coming soon.
I'm having a hard time finding apartments that will let me Airbnb the rooms, any tips on that?
I recommend reaching out to private landlords and asking to rent their home. Ask if they allow STR, create a pitch deck and share it with them explaining your exact intentions and plans for the property.
thank you for the information, i just started, could you give us some examples on pitching to Landlords?
You are so welcome, glad you are enjoying! Yes I will take note of this for my future video.
Do you teach course @ Hailie Anderson
I do have a mentorship program! You can join it here: www.airbnbtakeoff.com/
What about utilities? Don’t you need to pay the light and water for each unit?
Yes, same as a personal apartment lease.
Tess Lakes
how did you get 0 % credit card from bank for your new company?
You need good credit - get a personal credit card
When is the slowest season (months) in your area?
Winter
im always waiting for you to post 🥰
This makes me smile 🥹🥹🥹
@@Hailiemaarie you’re super inspiring, me and my boyfriend are currently in the process of trying to get our first Airbnb. You showed us it’s possible. 💪🏼 i haven’t taken your course yet, but im looking forward to it!
@@misshollywood6796MY HEART! I'm just now seeing your comment for some reason but this was 7 months ago... where abouts in your journey are you two at?
Lavonne Courts
What markets are you in
Austin and Nashville
Olson Shores
What is LCC please?
LLC not LCC
It is Limited Liability Company
بالعربي شركة ذات مسؤولية محدودة
كنا نشوفها على سيارات الشركات في الكويت واحنا صغار
ليتنا بقينا صغار
simple as this:
if somebody is to sue the company, they cant sue you on your personal property like you house or car
Biz Credit
There is no way you have enough Short Time travellers to Rent out your Airbnb every Month in a normal City or village Apartment to make this anyhow work out, if you dont have the craziest vacacion Apartment somewhere in Bali…
Not every market is extremely profitable, correct. But that's why market research and property analysis is so important. Just because you get a yes doesn't mean it will make a good Airbnb, but you also don't need an Airbnb in Bali in order to be successful...
Shea River
Hey, you are going to keep uploading videos?
Yes! Staging 5 new airbnbs tomorrow, will be vlogging that and back to consistent posting!
Just take 25-30 % from the monthly profit.
I profit 45%
Teach us Business credit
Great video
Thank you so much!
Business credits
Runte Mall
can someone from canada arbitrage in the states ? Open a visa etc?
Not 100% sure on the process but I have students who live in Canada and operate in the states, def possible.
Businesses credit
🔥🔥🔥
Business credit please 🙏🏽
King Junctions
Business credit
Business credit
Business credit
Business credit
Business credit
Business credit
Business Credit
Business Credit