Airbnb has been VERY VERY good for me !!!!!! I am retired. I own one property ( in Puerto Vallarta , Mexico ) and I am making 3 times more income than i did when I was working back in the states . All the numbers just worked out way more in my favor . The house is bought outright and took 6 years to pay for itself as of Dec 2024 from here on out it's ALL profit . I'm usually booked at +/- 50% meaning i average 14 to 17 nights a month . That's all I want . I am 5 stars. superhost, Guest Favorite . I do large groups up to 16 people (7 bedroom suites ) rooftop pool .. VERY competitive with my peers for my level of lux. Off season at 3 night min stays $499 weeknights $550 weekends plus $220 cleaning *** In season at 4 night min stay $550 weeknights = $575 weekends plus $220 cleaning . 10% off after 7 nights . IT WORKS ! But don't be fools it is not really a self running business . you gotta put in the work and you need to create a great team of people working for you .
We run a 2 door Airbnb resort property in Mexico at a 75% profit margin. We own the property and property taxes are $120 USD a year. CAPX is super cheap here (I can get a new 2 ton minisplit installed for $600). We net over $30k USD per door per year and our ROI on our total investment is 27%. Working to add three more doors soon but we have to wait until we have cash to expand. We look at it as part of our investment strategy which at a 27% return beats all of our other investments by 3x-4x with almost zero risk since our fixed expenses are less than $100 per month with no guests and they cannot seize your property for nonpayment of property taxes in Mexico.
Having owned 4 rental properties myself, I feel that man. I’ve always been a real estate guy but it’s crazy how people are basically retiring just from timing stocks or cryptocurrency
@@improvechannelonrealestate5487 I'm in a low cap rate market (CO), with a lot of competition for off-market deals and deals under 75% ARV are rare or get snatched up quickly. Sourcing our own deals is a waste of time and money. To then take out debt and have the tenant pay it is (BRRRR) is not worth the risk or time involved to self manage the property. Real estate is a scam
Thanks Rob. You have been my youtube mentor since 2020 and inspired me to buy my first property as a BRRRSTR-househack in 2021. Going on 4 years as a STR host and I can surely say I'm ready to pivot to LT 😅
@eliasdiaz2634 I bought near 7 national parks in Canada. Tourism is super high here, so it just made sense. Plus, the property already had 1 airbnb on it.
Airbnb has been VERY VERY good for me !!!!!! I am retired. I own one property ( in Puerto Vallarta , Mexico ) and I am making 3 times more income than i did when I was working back in the states . All the numbers just worked out way more in my favor . The house is bought outright and took 6 years to pay for itself as of Dec 2024 from here on out it's ALL profit . I'm usually booked at +/- 50% meaning i average 14 to 17 nights a month . That's all I want . I am 5 stars. superhost, Guest Favorite . I do large groups up to 16 people (7 bedroom suites ) rooftop pool .. VERY competitive with my peers for my level of lux. Off season at 3 night min stays $499 weeknights $550 weekends plus $220 cleaning *** In season at 4 night min stay $550 weeknights = $575 weekends plus $220 cleaning . 10% off after 7 nights . IT WORKS ! But don't be fools it is not really a self running business . you gotta put in the work and you need to create a great team of people working for you .
We run a 2 door Airbnb resort property in Mexico at a 75% profit margin. We own the property and property taxes are $120 USD a year. CAPX is super cheap here (I can get a new 2 ton minisplit installed for $600). We net over $30k USD per door per year and our ROI on our total investment is 27%. Working to add three more doors soon but we have to wait until we have cash to expand. We look at it as part of our investment strategy which at a 27% return beats all of our other investments by 3x-4x with almost zero risk since our fixed expenses are less than $100 per month with no guests and they cannot seize your property for nonpayment of property taxes in Mexico.
The more I invest in real estate the more I get convinced stocks and options are WAY better
Having owned 4 rental properties myself, I feel that man. I’ve always been a real estate guy but it’s crazy how people are basically retiring just from timing stocks or cryptocurrency
@@eliasdiaz2634 All time high today...you could have closed your eyes and clicked buy haha lol
Reallll
If that is your opinion, that means that you are doing it (investing in real estate) wrong.
@@improvechannelonrealestate5487 I'm in a low cap rate market (CO), with a lot of competition for off-market deals and deals under 75% ARV are rare or get snatched up quickly. Sourcing our own deals is a waste of time and money. To then take out debt and have the tenant pay it is (BRRRR) is not worth the risk or time involved to self manage the property. Real estate is a scam
Good stuff Rob!
Now add 20-25% in expenses for those who DO utilize a property management company -- then you're in REAL trouble if you fail to underwrite properly.
Good Video!!
Teach us!! 🩷
Airbnb is death for me to much expensive to run you forget insurance and town fees
Most people can ONLY profit from Airbnb if they no longer have mortgage 💸
Brother, thank you!
Body bags?
As an LTR investor I'm proud to say I cover all *discrete* body removal and baby oil needs for my tenants 😊
Mid term rental is 29 days. ✅
damn this is really making me reconsider what business I want to start next. thanks for the video rob!
part 2
Thanks Rob. You have been my youtube mentor since 2020 and inspired me to buy my first property as a BRRRSTR-househack in 2021. Going on 4 years as a STR host and I can surely say I'm ready to pivot to LT 😅
Long term is the better option IMO for real estate. I’ve never had the guts to do Airbnb
@eliasdiaz2634 I bought near 7 national parks in Canada. Tourism is super high here, so it just made sense. Plus, the property already had 1 airbnb on it.
@eliasdiaz2634 maintenance has been really high, and I'm looking to pass the torch to the right property manager.