This is exactly how much your property will make on Airbnb
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- Опубліковано 26 вер 2024
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The next co-host of the biggerpockets podcast…pulling for you man! You and David have a budding bromance, that I want to see bloom!
This guy knows what's up
🔥
This would be great to see Rob on BP more! He seems like he has a lot going on. Lol
Hell yeah
If you are serious about getting into Airbnb watch this start to finish (like I did!). Super super helpful to get me started on the hunt. - Rob you might consider doing live streams of you breaking down properties like you did in this video. I think that might save you time in production and be super useful to your audience.
agreed!
Is the monthly mortgage payment accounted for in the cal? Does operating profit minus the mortgage?
what if you have a home that is paid for. 5 bedroom 3 bath pool. indoor theater with stepped seating with 8 recliner theater seating.
Rob, yes we want more analytics!!!! Thank you.😀
Definitely want more videos like this, I’m currently at rock bottom in my life and I need a way out of it. Your videos have been giving me hope on Turing my life around and achieving financial freedom!
Hang in there friend. You can grow and change and climb back out to build the life you want!
Great video, I learnt a lot! I bought a similar property in that exact neighborhood you analyzed. I am the kind of person who would go into analysis paralysis. I bought this property since my analysis worked. But, I missed one thing. My viewings were done remotely, I did not do enough research of the town, the neighborhood, the people, and how day to day life feels like there. Turned out that the particular community has a bad rep, huge, and some part even crime-ridden, and regulars to the Poconos stay away from this community. I understand one can do a lot of things right to get above your competition, but I am just trying to say that you need to feel the place and learn beyond your number crunching of the place before you buy.
I’m looking in this area also - can you share what the community is? I’m scared I may be in contract within this same community you’re referencing 😳 is it by Lake Carobeth?
@@burrleywurley I thought I replied to you but I didn't. Yes, my property is in that community you are referring to. But if you seem to be in main section, which is better.
I grew up in the Poconos. I was browsing real estate and stumbled on the same house you analyzed lol.. never underestimate the power of NJ and NYC folks coming to northeast PA to to enjoy some nature and get away from city and sprawl.
We’re in the planning stage of putting a couple of small Airbnb’s on our farm and while the real estate game is not new to us, the rental game is and I very much appreciate the depth of knowledge that you share on your videos. I listen carefully to your caution of common pitfalls and love hearing about your successes. To me, the voice of experience is the most valuable teacher, so thanks for taking the time to share.
Since your asking for things we would like to see more of I would be interested in how a partnership would work for buying and running a Airbnb.
Do you purchase the property in both your names or does one person put the property in their name?
What's the best way to setup who has what responsibilities and a good way to make sure everything is being taken care of and the property is running smoothly?
I say we show Rob we LOVED this video and have him make another just like this. Hit the thumbs up on this comment to make it happen!
woah the camera quality 🤩 great info as always!!
That was my first thought too .. :)
Same! Love that buttery, buttery bokeh! New lens?
It’s always a good day when I get a comment from Shelby Church!
@@pvillella74 yes! It’s the Sony 50mm.
@@Robuilt It’s beautiful. Thanks for this video, too BTW. So much great, detailed info. You’re always inspirational but this one is really bringing it all together. Loved it!
Thanks for this! Please continue to make more analysis videos.
I've loved how you advocate for self-managing our properties. I completely agree that the fees property managers charge are typically too high - especially considering most of them are using the same tools you've mentioned to automate the business anyway.
Video request: It would be great if you can touch on how you find your team on the ground (i.e. cleaners, repair, and contractors) for the market, if it's a new market for you. Also, how much has finding a team on the ground in the market impacted your decision to invest or not (i.e. will you buy the house and hope you find good people or do you invest after finding the people you would need)? Thanks so much for all the great info you've provided!
This video alone got you a new subscriber. This is great info for someone looking to get into this line of work. Myself and I'm sure others would deeply appreciate more videos like this with examples. Thanks!!!
Fabulous content! This is the nitty gritty you don’t find on other channels! This is why I follow you. Please for the love of God (ok maybe a little dramatic) do more of this type of content! Your the best!!
Yes!!!!! Make this a series!!
Really great video Rob. I appreciate you brother 👊
This might be the most useful STR analysis video anyone has made thus far. Thanks!
Yes more AirDNA and analytics please. As always, your videos are a gift.
Just a note on the second home mortgage loans... Please check with your lenders on the additional fees that have been implemented on any second home or vacation home loans. I believe it is now a percentage of the total purchase price. So depending on the home that you buy you might be paying an additional 10 to $20,000 just to qualify for that loan. I could be wrong but please check with your lenders to make sure. And also if I'm not mistaken, second home loans are now being treated as investment loans so the interest rate is a bit higher than primary residence loans. Again, please double check with your lenders.
Literally the best analysis video I’ve yet to see on Airbnb and the actual thought process behind it was thorough! Thank you and please more of these types of vids
Awesome video Rob..... thank you. How about analyzing the other two in two separate videos. I know you're a busy guy but hey some of us actually watch the full 44:13 minutes. Not an over analyzer at all 😉 Thanks again and hey you're killing it Caleb 👍
series please!!!! I got my second property in September and getting ready to help my brother get his first!! Your videos are SUPER SUPER helpful!!!! MUCHAS GRACIAS
Chipotle proximity 😂 that was a good little sneak in there
we want more! watched the whole thing twice. please do a series and talk more about how you pick a region
you're the man thank you keep it up
Is it possible to get this spreadsheet?
Hey Rob I really wanna thank you man just watching your show a few minutes has already made me hundreds of thousands. You open my eyes and I appreciate that. I have one suggestion for your logo as I don’t think you need the. Thanks
Another great video. Would love more content on analytics. This is stuff is a large part of my decision making process and insight into how others do it is extremely helpful.
Rob, this is awesome. Making it a series is a great idea.
Rob, thank you for your great, informative videos. Could you please make a video about the big elephant in the room... "lawsuits". What extra steps do you take to protect yourself and your assets besides having your properties under LLC's or any other kind of legal entities? Thanks. Keep up your great work.
Yall this content is gold. I paid $1500 for inayah and brysons course and i still learned more from this channel. Be careful who you get course from esp if the guru doesnt make their own youtube videos
Love your channel! Thank you for taking your time to share such valuable information!
amazing video, really appreciate the deep dive... I continue to be perplexed by how you know whether a host is blocking days out on air bnb or they are truly booked.... how can I base my projections on the air bnb calendar if there is no way to actually know? Thanks as always, ready to go book my call for host camp!
I just started watching your videos last week and I'm getting hooked on them. Long video but worth tio watch it, especially while having dinner and planning a new adventure.
Great content never ages big thumbs up from San Antonio Texas!
This was an amazing video. Thank you! Got a couple dozen long term rentals, and this channel has me beyond stoked to start my short term rental journey!
Rob can you please make a video on how you hold your properties (LLC vs your own name). Can you do 10% down and hold it in an LLC? Thank you for the great content!
Yes, yes. Good idea for a video!
yes yes yes please do this!!
For a new llc, the short answer is no, as loan for llc is based on llc’s cash flow and income, the rates are higher as well usually.
LLC has to show income to qualify for a loan under the LLC. However, you can buy under the guise of a second home and only put 10% down. If your intention is a rental / investment property (Non Owner occupied) typically you need to put 25-30% down
If the LLC doesn’t generate income prior to applying to for the loan than it will be difficult to get approved. Just my experience…
I bought as a 2nd home under my name and put just 10% down and then down the road turned it into an airbnb. Then setup an LLC for liability
I would still be very interested to know the legal structure of renting a part of your house out, buying a second home and then converting to Airbnb, all that. Maybe need a lawyer co-host for something like that though
Did you confirm that the hoa allows overnight rentals? 100k for a sub 300k property seems too good to be true.
I have the same question, HOA stands for no short term rentals in my dictionary
Ooooowwee that camera quality 😍😍
It's 3:05 AM and I'm still watching your channel. Can I go to bed now? I think I've watched this video three times...
This whole channel is like going to school for this. When I am wildly successful, it's gonna be your fault. Thanks, Rob!
Please make this a series - this was awesome!
make it a series pls! very helpful, thank you!
What percentage of the properties that you purchase come from the MLS? My investor friends tell me that (in this market), by the time the property hits the MLS 20 investors have passed on it and there’s not enough margin in it.
Not enough margin for their money but that dont mean not enough for you remember big corps have big overhead you dont as a single person with a property or two foreal!!
I'm grateful to find you channel. Continue the positive energy
Yet another fantastic video, I really appreciate you breaking it down step by step and really get into the details. Its amazing. Thank you :)
Rob how do you find reliable cleaners and property management for these seemingly remote cabins and cottages?
Love it!!!! More More MORE!!!!!!!! Love the analytics.
37:27 - I have contacted AirDNA through chat before to ask if the cleaning fees were built into the Annual Revenue calculation. I was told by the responder that the cleaning fees ARE NOT included in the Annual Revenue number from the Rentalizer. However, I do check the FAQs and it's shows under Annual Revenue LTM (Native & USD) that the cleaning fees ARE included.
Them telling me that it was not included has been jacking up my calculations!! This was a few months ago too.
Don't the guests pay for the cleaning fees anyway ? Is that why they aren't included ?
Thank you! You are a great man.
Thank you for sharing this! I would love to watch you furnish and decorate properties. 😍😍😍
YES Please more analysis! Thanks man
Why are cleaning fees a line item for deduction? Aren't these passed to the guest? So essentially a zero item?
I just asked the same thing! Very curious
I'm in this neck of the woods. There are some big draws to the Tobyhanna area like Great Wolf Lodge, Kalahari water Park, a yearly NASCAR race, and winter seasonal skiing. That may explain some of the odd booking cycles.
This information was amazing and I would love a series! Thank you so much!
Subjectivity is the Word. You had it right the first time.
More AirDNA!!! Thank you Rob.
I love watching your videos and getting confirmation that what I’ve been doing is on point. Thanks for sharing!
the focus in this video is great!!
Thank you so much for this! Yes please to more!!!!
More of this! I love seeing how you are thinking … and why…the best I have watched so far…
The analytics and learning more about the process of reviewing the area, market, rental flow part was great. Would love to see more details on this part to give confidence on buying. thanks for taking the time to make it
Rob this was outstanding! Thanks and I look forward to the series on the topic. 👍🏼
Absolutely needed this video today. You rule!
More number running, loved this video. It was so helpful in understanding how to run your numbers on the property you are about to purchase and why. MORE PLEASE
You just randomly popped up on my feed. Really great video
Soo helpful! Yes, please make more videos analyzing properties and your process :) Thank you!!
Been following you for a minute man. Extremely proud of you. You have amazing energy. Thank you for being a badass inspiration 🤘🏽
Great video! But how you gonna deal with the HOA? Doesn’t HOA means NO for short term rentals?
I've asked this before but I don't recall an answer. What kind of 2nd home or investment loans are you asking for that only require 10% downpayment?
I was wondering this as well! Which banks offer this?
Wow! This information was so helpful, entertaining, and thorough. I learned so much, and the time flew by. Thank you!!
Love love this. So insightful. Keep making these type of videos!
I think you really love money!
Great info.
How can I download your excel Airbnb analysis sheet?
Came to ask the same thing!
Fantastic video. Would love more of this! Subbed
New camera? Looking extra crispy today!
Thanks for your very valuable information & advice! 👍
This is so helpful. Thank you. I’m embarking on the short rentals journey and I have much to learn. Thanks!
My dear, I love all your videos and learn so much from you, so I sincerely appreciate you. Since English is my second language sometimes I find a little hard to follow as you talk fast is there any possibility that you could slow down a little bit when you speak I was just really really appreciate that
One of your VERY BEST videos! Your content rocks!
Damn rob, you’re always going above and beyond. Can’t wait to join the mentorship, about a month or so! It’s so much A1 information it’s crazy 💯
What's the cost of this mentorship ?
Rob - great video really taking a dive into the analysis of a property. One of the best lessons I’ve seen. Thanks!
Love the video, please make more! Coincidentally I have been looking at this market; so I’m extra glad to hear your insights!
Please keep doing these kind of videos. These are so helpful
Rob, please make more videos like this.
wooot another video!
Yes please do more videos like this. It helps my paralysis by analysis.
when you see that the calendar is booked, how do you know if it is booked by paying holiday makers vs booked by the property owner for their own use?
This is the exact video I was looking for! Yes more on this topic!
Love this video Rob
Yes! In the middle of trying to figure my first purchase out. Using airdna, but could use help finding the most prosperous location near me.
Rob, since you brought it up, can u do a video on your recommendations for asset protection? U mentioned LLC. Thanks again
I love the STR analytics! This was super helpful. I’d never seen the airDNA pro capabilities before. Thank you!
video of your office please, desk looks awesome
Great content as usual!
This is great! Make it a series please! More analytical videos please! Thank you!!!
From superhost to superhost, I love what you’re doing man. Stay in the rare finds my friend! We are extremely similar which is why I’ll stick with my properties in Dallas 😂
How can I get access to the spreadsheet you showed? And yes, do a series 🙌🏻
Incredible episode man
Awesome vid Rob! I've been doing some quick calculations on some properties I'm interested in and happy to see you approach it in a similar way. Makes me feel like I'm on the right track to secure my first place in the next couple months!
Super helpful Rob!! Thanks for doing this and for the calculator!!
If anyone is looking for a really cool modern arcade cabinet for their rental, check out the wall-mounted cabinets I build at Umbrella Arcades.
More. We want more.
Love your energy!! Always great info Rob!