Airbnb Just Became the Worst Investment Ever..

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  • Опубліковано 29 бер 2024
  • Airbnb investors are losing their shirts. (and their properties). Airbnb is a BAD real estate investment. its a BAD passive income strategy, it has been like that for a long time, but only now are we really seeing the effects of this in the investment community. if you are a real estate investor that is interested in airbnb, this is your wake up call.
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КОМЕНТАРІ • 174

  • @AirbnbAutomated
    @AirbnbAutomated  2 місяці тому +1

    Gosh I’m dating myself here. Watch this video if you’d like to better understand the airbnb business model
    The 7 Parts Of An Airbnb Business
    ua-cam.com/video/R8R4koPoXWI/v-deo.html

  • @UptownCharlotteAirbnbs
    @UptownCharlotteAirbnbs 2 місяці тому +25

    Shilling airbnb arbitrage is what killed the game. Telling people it’s easy and over saturating the market is what killed the game

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +6

      you sound a little salty. Did the hosts that watched these free UA-cam videos put you out of business??
      PS don't lie and accuse me of claiming this is easy. Even in this video im discussing how it's much more difficult than people are willing to put the effort in for. I am the opposite of a shill.

    • @UptownCharlotteAirbnbs
      @UptownCharlotteAirbnbs 2 місяці тому +3

      @@AirbnbAutomated nah I’m not out of business. I buy all of my properties, renovated them, then use Airbnb to cash flow them. I’m making cash flow and equity and doing well. Also noticing my market get over saturated by people who have new business in business, but watched a few UA-cam videos and thought that’s all it takes

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +3

      @UptownCharlotteAirbnbs
      They could have also seen an instagram ad for some 22 year old influencers airbnb course

  • @MrKeaneNg
    @MrKeaneNg 2 місяці тому +16

    At first I was going to criticize this video but I agree. This is an owner occupied business that when done right, has great leverage and can be operated on a high level without killing yourself like running a restaurant BUT if you’re hoping it’ll be a fully passive investment like normal rentals, you’d be wrong.
    Unlike you I own all of my Airbnb’s BUT they all would be fine rentals are just more profitable as Airbnb’s and I enjoy running them for extra revenue.

  • @zaha594
    @zaha594 2 місяці тому +4

    Sean is correct. And it’s very easy to beat your competition when you operate as a real business. Dive deep, learn the full operation, learn sales and venture off into direct bookings.
    It’s a process many “co-hosts” and hosts would not be willing to take on.

  • @veneziablau
    @veneziablau 2 місяці тому +3

    Palm Springs has capped the number of Airbnb licenses to small percentage of overall housing. As licenses expire, you join the waitlist, you do not get an automatic renewal and your license, if you have one is not transferrable with sale of the property which has caused the housing value to plummet.

  • @stevemouton7531
    @stevemouton7531 2 місяці тому +8

    That sucks, I can't say that's happening to our vacation rental. I will gladly take on those clients from those whom may quit.

  • @miguel66014
    @miguel66014 2 місяці тому +6

    As a long time host, I can say interest and business has certainly dropped over the last couple years. I basically don't host any more. It's not because I don't like Airbnb as a concept, it's because the guests have been more and more entitled and difficult to make happy. I'll call it the "Karenfication" of the business. They simply make it that you don't want to do it anymore. That combined with young people lying to want to have crazy parties. No thank you...

  • @sanjayaiyar4351
    @sanjayaiyar4351 Місяць тому +3

    The first phase of easy money is over.
    Your property needs:
    - An aesthetic curb appeal
    - At least 1 unique cover pic that makes people stop scrolling
    - Several other statement pics that keeps them scrolling & click in
    - A description that gets them excited to book
    - Amenities or features that others DONT have and makes them want to pay to stay
    - A dynamic pricing strategy to maximize your revenue
    If you don’t do this you will likely fail at STRs.

  • @californiakarma
    @californiakarma 2 місяці тому +46

    I rarely comment, but as an owner I can't resist. We bought this property in 2019 at a great interest rate, because it had a guest house that we could make work for AirBnb. The price was low because the place needed so much work. It took us a year before it was ready, our first guest was July 2020! We were booked every weekend solid for 2 years. Now, it is slower. But ABB has paid for all the improvements in the guest house, and has generated cash flow and tax deductions for depreciation. We do not need the income, and can afford the mortgage payment even at 0 occupancy, so if we had to we could lower our prices to be fully booked. We do not because we do not want the low-end guests. I do watch and appreciate your insights!

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      That sounds like a great real estate investment!

    • @jeffmartinaz
      @jeffmartinaz 2 місяці тому +10

      You are the excerption, not the rule. I'd be extremely careful with the kooky CA laws that are being proposed. I wouldn't own anything in CA as a landlord because if your lawmakers have their way, you will have zero rights to control your property if there is a dispute (or a professional tenant who knows the laws).

    • @Chronosjf
      @Chronosjf 2 місяці тому +20

      I've been running 16-20 condos on the beach in North Myrtle Beach for the past 9 years. I've always turned a profit, and my strategy is always manual dynamic pricing. I don't like price labs or airbnb's smart pricing. One thing I never do is turn down money. the falicy of the statement above "low-end guests" is laughable. making money is a smart move regardless (mostly) of the price you charge.
      Rich people, well off people, mid teir people, and even those people who don't have a lot of money can all be amazing guests. The biased thought that someone who pays less for a place is going to treat it poorly is just stupid.
      In my extensive rental experience I can only count on 1 hand how many issues I've had where I've had to ask a guest for money to replace something, and I have over 3000 stays.
      I have a morgtages on my properties, but even if I didn't, I'm in this business to make money, not turn it away on the incorrect notion that people with less are trash. My experience is exactly the opposite. When I lower my prices (usually within two weeks of something not being booked) I get the best guests that are so grateful for a stay on the beach at a price they can afford.
      The secret to making money is not spending your own. :)

    • @Net446
      @Net446 2 місяці тому +1

      ​@Chronosjf do you have a mortgage on all the condos? And I always wondered, because no one every clarifies this part. Are utility bills for each condo all in your name. Never understood how utility bills work when having several airbnb's. I will like to get started. One popular couple is charging $10,000 to learn how to airbnb and even help securing first home with arbitrage method. I'm willing to bet how they make their millions is by selling the course and not from actual airbnb.

    • @brianmills4891
      @brianmills4891 Місяць тому

      Same here. The reasons that so many are struggling with their Aribnbs vary, but MANY just simply made bad investments. Bought too high, ignored sound financial decision making, over-leveraged, had no knowledge or experience in rentals and found out that it's work, etc. Sure, some locations have changed laws and are over crowded with competition but none of that means that AIRBNB, or better said, Short-term rentals, are finished. Interest rates have definitely put a damper on my purchasing interest during this season, but the great thing is that folks like you who made a sound real-estate investment have added equity to their property through the process and can stop at any time, for any reason, with gains. That's sound investing! good job.

  • @20Abbs11
    @20Abbs11 2 місяці тому +13

    I’m done after 8 years. Renting all mine out long term starting June 1st.

    • @MrHamlet
      @MrHamlet Місяць тому

      I have a couple of LTRs that I turned into STRs and MTRs. One was a townhome next to a new Google campus with a lake view. At first I was making a lot of money, that was until all the new Google employees found more permanent housing. I ended up converting that one back to an LTR. That being said, I still have MTRs and STRs that are awesome because of their location and demographics. They provide balance to my real estate portfolio.

    • @claudioccornejo
      @claudioccornejo Місяць тому

      Why?

    • @claudioccornejo
      @claudioccornejo Місяць тому

      What location?

  • @adelrezk3758
    @adelrezk3758 5 днів тому

    You bring lots of value to your audience! Thanks.

  • @bradk7653
    @bradk7653 2 місяці тому +2

    I don’t plan on quitting my Airbnb/Vrbo. We purchased a small lake cottage in 2019 and have been running it as Airbnb/Vrbo, and although last year was a little slower than prior years, it is still highly profitable. Even with last year being slower the Cash on Cash return was 16%. When you add in property appreciation the return tops most anything available, at least anything that doesn’t have massive risk.

  • @KevinBurns86
    @KevinBurns86 2 місяці тому +9

    Everyone’s situation is different. You really need to do your due diligence, before you delve into Airbnb hosting. You should start with your own home and you will learn a lot. Then see if you want to delve into arbitrage. But you start slowly and learn. Shelby Church is a cautionary tale, but far from the only result. Some people are doing very well on Airbnb. Using Airbnb profits to invest in other things.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      You’re right. I’ve made $10,000,000 on airbnb. And my students have made over a billion dollars collectively.
      But they catch. They aren’t investing.
      They’re business owners, they’re leading from the front

    • @jessicalight484
      @jessicalight484 2 місяці тому

      That's what we did; we rented out the basement (with a separate entrance) and learned a ton. Now we are purchasing our first Airbnb Home (also for vacation). I am happy we started this way first. If we made a mistake or we didn't think of something we could easily run downstairs. One time, we didn't leave a plunger and the guest had to go to the gas station. They were very nice about it and we felt terrible. If we were hours away it would have been an issue.

  • @stevemiddleton9645
    @stevemiddleton9645 2 місяці тому

    Thank you 😊

  • @airbnbabcs2050
    @airbnbabcs2050 2 місяці тому

    If you're investing in actual vacation markets very few properties will work as an LTR but they should work very well for ab STR vs trying to STR in a non vacation matket.

  • @SolidNate99
    @SolidNate99 2 місяці тому +17

    Well they announce they quit but then they make new videos and debunk it next video

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +4

      That’s rather confusing.

    • @SolidNate99
      @SolidNate99 2 місяці тому +5

      @@AirbnbAutomated in short. UA-camrs titles don't mean a damn thing usually and they lie to get clicks

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +15

      @SolidNate99 I’m switching all of my titles to “free puppies” should get some clicks

  • @stevenvogel3961
    @stevenvogel3961 2 місяці тому

    I'm looking to purchase a brand new house. Build for personal use and also use as Airbnb. To offset the mortgage payment. Should I be looking into this at this time?

  • @rometimed1382
    @rometimed1382 20 днів тому

    Interesting. In our Province they just banned STRs outside of your primary residence as of May 1st. We are actually turning our attached LTR (Tenant is leaving July 1st) to STR, which we have never run before. Lots of upfront costs and added insurance. Neighbours run Air BnB and it makes roughly 50% more on average than our LTR did. We also wish to run an actual BnB in the future so we are excited for the experience.

  • @user-zo9ej6zv7c
    @user-zo9ej6zv7c 2 місяці тому +5

    One of first videos i saw and learnt from Sean was that it makes more sense to go the arbitrage way and simply put it made so much sense. I definitely realised and its basic logic that there's a limit to how many properties one can buy and then the strings that come attached with loans and mortgages. My good fortune is that I followed Sean. like he says in another video : the best way to start an Airbnb is just copy everything a competitor (whos doing well) has. Similarly if applied to this scenario, just listen to him and copy what Sean's doing.
    Today i have 15 properties on 10 years leases running today. Thanks

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +2

      I’m proud (of us both) to hear that story. Congratulations.

    • @user-zo9ej6zv7c
      @user-zo9ej6zv7c 2 місяці тому +1

      Many thanks, Sean. Here in India, we use the term Guru for exceptional teachers or mentors. Thanks Guru🙏

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +2

      @user-zo9ej6zv7c that’s a huge compliment. Thank you. 🙏🏼

  • @jaysonx5576
    @jaysonx5576 2 місяці тому +3

    I bought a spot to be an Airbnb that doubles as a vacation home. I didn’t need cash flow, just break even. That model fell apart. So now it’s just a vacation home. It is what it is… (ps I made money just no cash flow. Like Shelby)

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +2

      It’s probably a beautiful home.
      Take more vacations 😜

    • @jaysonx5576
      @jaysonx5576 2 місяці тому +2

      @@AirbnbAutomated Ha! Exactly. 😂🤙🏾

  • @Secret_Rare_Oreo
    @Secret_Rare_Oreo Місяць тому

    I'm a real estate investor and used airbnb to make higher cash flows, but it is definitely not the case anymore. My main issue was the cities not allowing it, leaving notices, having to pay hotel tax, and now too competitive. Short term airbnb is no longer worth it (for me), but 30 day rentals and more is still very profitable.

  • @onetwo4932
    @onetwo4932 2 місяці тому

    Hey Sean im stuck between two routes first one is building my credit to obtain a buisness credit card with 0% interest and cohost ( I don’t have any experience) or go in using my own capitol with arbitrage

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      Picking up a cohost deal is hard without experience but I did a recent video on cohosting you should watch. Theres a way you can do it.
      (Do both)

  • @newvideoplaylist
    @newvideoplaylist 2 місяці тому

    Sean, you look very sharp in this suit and man bun. Very gentlemanly 👍👍

  • @willbaron1
    @willbaron1 2 місяці тому

    Does this just apply to USA what about it vacation destinations in Latin America?

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      the lesson to be learned on innovation and treating this like a business is a lesson every airbnb operator needs to learn immediately. Even if there isn't a local horror story (yet)

  • @susanburger3673
    @susanburger3673 Місяць тому

    Shopping for Airbnb and found many have a cheap IKEA basic aesthetic and bare minimum furnishings that look like left overs from the last time you did a makeover of your own home furniture. Also the locations are ordinary or non distinct. The service fees are excessive relative to price of stay.

    • @jazz22354
      @jazz22354 6 днів тому

      Why would they use expensive furniture so guest can damage it ?

  • @itsgeorgianot
    @itsgeorgianot 2 місяці тому +2

    I see people in my area with 10-15 properties and very little reviews. They invested in the property, the set up, the house keeping, management…. I can’t fathom how they have enough occupancy to make it worth it. My suburban area isn’t a destination for anything special. I have popular airbnbs in the city, which I keep fully booked but have to do so at reasonable rates. I have no idea how these other people survive.

    • @GetIntoTheBLACK
      @GetIntoTheBLACK 2 місяці тому +2

      They might be on Airbnb but they are also on other platforms. If someone has 10-15 properties highly doubt they are only on Airbnb. They might also target a different kind of guest besides just retail travelers.

    • @eddiemalvin
      @eddiemalvin 2 місяці тому

      Are you sure they're the owners of those properties? Perhaps they're co-hosts operating on behalf of the owners. If that's the case, they don't really have anything invested except a bit of their time.

    • @itsgeorgianot
      @itsgeorgianot 2 місяці тому

      @@GetIntoTheBLACK yes I’ve considered they’re probably also on Vrbo and I’m not seeing the whole picture

  • @PushProd-dy3fg
    @PushProd-dy3fg Місяць тому

    I'm so happy! They are the only company where customer service is not just bad. It's toxic.

  • @buzztrucker
    @buzztrucker 2 місяці тому

    Let me mention as a host that other expenses are certain cities, counties, jurisdictions clamping down on short term rentals with new/higher expenses like application fees, short term rental filing/taxes, etc. This has raised the cost of doing business for hosts and made them rethink the value of STRs.
    I was long term renting at a real good rate and after tenants were done I came back into STR on the property only to see the rising costs of doing business. Plus Airbnb has slowly taken a lot of power out of hosts' hands so that hosts can't run their Airbnb businesses as they see fit.

  • @Joe-nx7nj
    @Joe-nx7nj 2 місяці тому +4

    Having worked as a contracter for sonder, it was evident they would fail. Their leadership was hilarious. At first, it was great, but once they started to appease shareholders, they started to act silly. Air bnb is great for those who got in early, like anything else. This last wave of investors are the ones that got screwed. I have a $900 mortgage and my competitors have a $4,000 mortgage.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      I bet you have some amazing stories

    • @Joe-nx7nj
      @Joe-nx7nj 2 місяці тому +2

      @AirbnbAutomated oh yeah. I learned what not to do from them. It's amazing to me how companies like this get the funding and these types of valuations. Is there nobody on the ground floor overseeing the chaos 🤔

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +2

      @Joe-nx7nj absolute chaos.

    • @jeffmartinaz
      @jeffmartinaz 2 місяці тому +1

      Sonder is getting killed here in PHX. We are direct competitors in the neighborhood with about a dozen places. They refuse to lower their rents to fill spaces. We change our rates several times a day to get them filled, if needed. We actually had a management company ask if we'd be willing to break our lease with two units in a building so that Sonder could come in and rent the whole floor from them. We laughed and said no way. Now Sonder is choking on several dozen apartments in a building across the street from us who bent over for them. They're inches away from becoming Stay Alfred...

    • @Joe-nx7nj
      @Joe-nx7nj 2 місяці тому

      @jeffmartinaz Sonder has tried the whole floor thing here in San Diego, as well. When they first came here, they picked the worst apartments. I'm talking roach infested places. No parking, shady areas. Charged top dollar, used awful linens. They used all the funding money, hiring 6 figure employees that had no experience in this industry. They dismissed their eyes and ears on the ground.

  • @dylanfitzgerald1
    @dylanfitzgerald1 2 місяці тому +1

    I see what you're trying to say, that Airbnb is a business, not a passive investment. And I agree - mine are run like a business, and that's why I succeed.
    However, when you BUY your real estate, not arbitrage, it can be a GREAT investment due to the bonus depreciation you can take. I make back my down payments in year 1 by taking bonus depreciation against my active income. That is not something you can do with long term rentals.

  • @josephcokermusic
    @josephcokermusic 11 днів тому

    Most hosts got lazy, and became divas, and are partially to blame. People put nothing into their homes and are furious when they don’t print money.
    In the old days airbnb was always the answer. Now I think it’s only sometimes the answer.
    Definitely agree that self fun is best in theory if you don’t suck.
    But as long as I’ve hosted I’ve seen people saying airbnb is over and it’s not. The game market and world just change

  • @christopherwilliams1317
    @christopherwilliams1317 2 місяці тому +9

    Broooo you single handedly killed airbnb by giving the game to everyone. "Knowledge is power " has a whole mew meaning. The knowledge you gave thinned airbnb host power by creating to much competition. If i were airbnb id pay you to stop making videos. Lol. So yeah call aorbnb and tell them that they owe you money... Tons of money!

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +6

      I don’t know if you could pay me enough to stop helping poor people.
      But you highlighted my biggest error. Not brokering a deal with airbnb. Way my bad.

    • @DM-xu8gv
      @DM-xu8gv 2 місяці тому +2

      Game is game, no matter the industry it’s never saturated at the top

    • @zaha594
      @zaha594 2 місяці тому

      This is exactly what’s happening in every industry. Too many people on the internet talking lol

    • @sawlewicz
      @sawlewicz 2 місяці тому

      100%@@DM-xu8gv

  • @lewisburton1852
    @lewisburton1852 2 місяці тому

    Even if you intended to operate it as a business, there are much better business models available. Just managing housekeepers is challenging enough, with same-day turnovers, inventory, linens, guest requests, maintenance issues, not to mention the constant need for linens. The effort isn't worth the reward; it's too decentralized. You might as well run a hotel, a proven model.

  • @JasonDelodovici
    @JasonDelodovici 2 місяці тому +1

    The best thing that could happen for Airbnb is for those that suck to get out.

  • @hidanhan
    @hidanhan 2 місяці тому +2

    I'm about to list several rooms as long term rentals on Airbnb. Maybe bad timing? LOL
    Been binge watching your videos. Thanks for all the info!

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      It’s not bad timing if you have the right business mindset. I’m still picking up doors. Just do it right. Stay sharp

  • @franksanchez9355
    @franksanchez9355 27 днів тому

    As a host I feel several things are wrong. 1.Airbnbs have got way to expensive. 2. Host demand some crazy things from their guest. Don’t make guest clean when they paid a 200 dollar cleaning fee. No one wants to clean while on vacation customer service is key !

  • @therapy2009
    @therapy2009 Місяць тому

    Like all bubbles, only the best will survive. It's a business.

  • @thomasrebotier1741
    @thomasrebotier1741 Місяць тому

    All it takes is 15% vacancy and the prices drop 50% because everybody undercuts. It's the hype that killed the business model, for now. The market will find a balance.

  • @SportsIncorporated
    @SportsIncorporated Місяць тому

    What in the AirBnB experience is painful or annoying? As a host. As a renter.

  • @filipsalamon
    @filipsalamon Місяць тому

    I have two properties in two countries on Airbnb one with 93,7% average occupancy and it's incredible investment with great ROI.

  • @nadya6582
    @nadya6582 2 місяці тому

    Hello Sean, I found you during my research time here. I would like to ask whether it still makes sense to buy an apartment (with my own money) and rent it out on the Airbnb platform? The thing is: I would buy it in another country where I lived years ago. I know how things are there and that you could earn a lot more there. I also know a few people there who could help me build a network of all the helpers I need. If it involves cleaning, repairs or other emergencies, I would have to stay there for a few months to "teach" it the way I imagine. Then I come back there just to check and renew things sometimes, and the rest with video calls and my management tools. I will earn this money by selling the old apartment in a small village for which I did not receive adequate rent and I hope to earn more with this new idea. I am ready to make any effort necessary because I love everything related to it. I love interior design, I'm a photographer, I always get compliments on my own apartment and I love making people happy. I've done Airbnb years ago, just for two months, and I know what kind of work goes into it. But if you say that doesn't make sense anymore, what could I do instead with that money? Or do you think it would still be possible, of course with gaining a lot of knowledge etc. Thank you very much! Ps: I am seeing this as a second job, not as a passive-non-work-included-income...

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      Hey Nadya. If you’re going to operate this business, even do some of your own housekeeping to learn how this runs inside and out, then there are still plenty of opportunities
      If you’re buying, that’s a whole other real estate question to answer.
      Both “where’s” need to line up

    • @nadya6582
      @nadya6582 2 місяці тому

      ​@@AirbnbAutomated Wow! Thanks for your fast answer! So you think that if I invest all that energy (and using in addition your knowledge you are teaching here) I could make a small extra income? I honestly did not understand the "buying that's a whole other real estate question" answer. I would buy anyway that new apartment to do the "airbnb". Otherwise my only other option would be "fix and flip" and for that I am a total newbie and don't know enough people for helping me with it to hold the costs low, even if i think that is very interesting.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      @nadya6582 invest that energy into any endeavor you’re willing to become the best at, you’ll succeed. This industry isn’t easy street like it used to be, but it’s not a hard science either.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      @nadya6582 buying property is real estate.
      Doing airbnb is not.
      So where you airbnb profitably will be different as to where you’d buy an apartment as a good investment.
      Sometimes both overlap and that’s a winner

    • @nadya6582
      @nadya6582 2 місяці тому +1

      @@AirbnbAutomated Thank you so much for your answers! I guess I will compare and study even more, before reacting. 🙏😘

  • @neamsitno
    @neamsitno 2 місяці тому

    Real Estate Holding Companies just passed the BAD Real Estate from their holding to ordinary people. People blindly bought with zero knowledge about LONG TERM CASHFLOW investments and capital gains, same as in every other industry where arbitrage and leverage are part of.
    Rince and repeat.

  • @LorrieBracaloni
    @LorrieBracaloni 2 місяці тому

    my airbnb is dead last year booked

  • @tammyrussell-rice5508
    @tammyrussell-rice5508 2 місяці тому

    I just SOLD my ABNB stock. Since its IPO it really has done nothing. I felt lucky to dump it at $170 a share.

    • @ayo9057
      @ayo9057 Місяць тому

      Still an incredible business model.

  • @annmagnuson3338
    @annmagnuson3338 12 днів тому

    I really wanted to start your Airbnb course. I'm eager to begin, have the capital, time to invest, ready to learn. I set up a phone call with your team. Andrew is most definitely not doing a successful job selling your course or mentorship. I'm bummed because I have gleaned a lot from your free content. Still want to do the mentorship, but I went from a 10/10 excitement to a 1/10. Considering other mentors and experts on STR.

    • @AirbnbAutomated
      @AirbnbAutomated  12 днів тому +1

      Thats insightful feedback. Can you send me an email or DM, with your experience with more specifics?

  • @sawlewicz
    @sawlewicz 2 місяці тому +1

    My Airbnb is only successful because I do 100% of everything (well my parents help me clean sometimes). Profits are all mine.

  • @user-mw6dd2wx3i
    @user-mw6dd2wx3i 2 місяці тому +1

    Sean, you never disappoint! So happy to call you my mentor! Thanks for the GOLD! Keep shining bother. Grateful for you! 🙏🏾

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      It’s my great honor to be here for you

  • @brendanhoxie2831
    @brendanhoxie2831 2 місяці тому +2

    So don't be an investor be an entrepreneur with Airbnb, right?

  • @markroserealtor
    @markroserealtor 2 місяці тому

    I watched the Shelby Church videos on her AirBnb's and she was making lots of bad decisions with her STR.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      I think she was getting bad advice.

    • @markroserealtor
      @markroserealtor 2 місяці тому +1

      @@AirbnbAutomated I think the biggest issue I saw was how much money she put into the property and how long it took to get up and running.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      @markroserealtor that’s a huge one. I’ve lost my arse before letting my team take their sweet time on some townhomes. That’s when I learned to treat launching a property like project management

  • @happymariam4290
    @happymariam4290 2 місяці тому +2

    What a bad advice to pay cheap to the cleaners.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      Hertz paid Stephen Scherr $1.2 million per year. And he still royally screwed the company. Paying more is not correlated with better work.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      The average wage for a nurse is $35 an hour in Texas. Let’s keep this in context.

  • @DistractedDaisy
    @DistractedDaisy Місяць тому

    yeah, yeah, yeah, sounds like people will finally be able to afford a home.

  • @brandicollom6647
    @brandicollom6647 2 місяці тому +1

    Hey!! Don't run me out of business! I'm a new and highly invested Property Manager specializing in STR's and I'm a million percent passionate about hospitality and doing things above and beyond for my guests. I want to do right by my clients, please keep in mind there are those who truly love the hospitality side of things but at this point do not have the capital to start their own. Love your videos but please keep us PM small business owners in mind

    • @brandicollom6647
      @brandicollom6647 2 місяці тому

      also, we live in an area where airbnb cleaners are extremely hard to come by and those who are available to clean operate as "Independant Contractors" and work independently and not for a cleaning company - I trust these girls to do excellent work and they do and are paid well. Not all areas have cleaning companies they can rely on

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      I think you are going to do great because this industry honors effort, and it sounds like you’re willing to put in a ton of it

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      @brandicollom6647 stop hiring cleaners. Start creating them

  • @Tassonebeats
    @Tassonebeats Місяць тому

    This company is fully negligent

  • @eddiemalvin
    @eddiemalvin 2 місяці тому

    Its a bit ironic that the hosts leaving Airbnb due to lack of profitability will help improve profitability for the host that remain.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      It all balances in the end. Love that fact

  • @davidpham9353
    @davidpham9353 2 місяці тому

    Glad I sold all, of my 37 properties on july 2022 which was the peak of the market and laugh so hard looking at others have been losing money for the last almost 2 years😂

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      Killer timing David. A blockbuster exit

    • @davidpham9353
      @davidpham9353 2 місяці тому

      @@AirbnbAutomated i realized on march they started to increase rate fast so i guessed the time is coming to exist since its been the greatest bull market ever.

  • @TheAceLewis
    @TheAceLewis 2 місяці тому

    I was expecting “it’s not worth it being an Airbnb host when someone can stay in your property for 30 days and claim squatters rights and take your home using the government.”

  • @user-tl7mj2bm4m
    @user-tl7mj2bm4m 2 місяці тому

    Was it EVER a good investment? AirBnB's have ALWAYS been a bad investment.

  • @ldn876
    @ldn876 2 місяці тому +6

    Died in the uk 🇬🇧 years ago. Only those selling air bnb courses left.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      Reminds me of the Disney cartoon (episodic) Aladdin. Way back in the day

    • @DM-xu8gv
      @DM-xu8gv 2 місяці тому +2

      still making cash

    • @superhostreacts
      @superhostreacts 2 місяці тому

      @@DM-xu8gvin the UK?

    • @cole9516
      @cole9516 Місяць тому

      What is bro talking about

  • @theredhideaway
    @theredhideaway 2 місяці тому +8

    Fake news - lol - Robuilt isn't quitting Airbnb. He's still going strong and adding properties, if it makes sense for the cashflow...Like any good investor is doing. What he is focusing on is optimizing the properties he has for greater cashflow and to stand out in a market that is seeing struggles for less spectacular properties. So, he is still all in on STR's and helping his students make good investment decisions.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      Go on, tell me the screen shot I posted is fake..
      But… by your words..
      It sounds like he’s been watching my videos. That’s good. Glad he’s learning. 😉

    • @MrMichaelMerrill
      @MrMichaelMerrill 2 місяці тому +4

      Hmmm. I'm in Rob's Hostcamp and he shared his strategy last week. He's still investing, just more carefully.

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +3

      @MrMichaelMerrill so by your words, he’s lying publicly and giving contradicting advice in private?
      Some of us preach in public what we coach in private. Been like that for 8 years.
      You can see the advice he gave you last week (that you paid $5k-10k for) for free on my channel a year ago.
      Public, a year ago, for free.
      I invite you to look up a form of influence called confirmation bias. It’s used in brainwashing

    • @theredhideaway
      @theredhideaway 2 місяці тому +2

      @@AirbnbAutomated ha! You guys should meet. I think you'd find you actually both want to help people and have great stories.
      The screenshot is real, but I don't see it any different from your video saying that "Airbnb just became the worst investment ever". I assumed that was a similar "click bait" link. Do you really feel like it is the worst investment ever? Or was it a way to draw attention?

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому +1

      @theredhideaway airbnb is a terrible investment. Investors get killed. Business owners succeed.
      I’ve said this for years. That drum beat hasn’t changed.
      I’m sure he’s a cool and nice guy.

  • @coreytim
    @coreytim 2 місяці тому

    A+ Hand gestures

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      Did I do a knife hand at one point? Sometimes I get a little “fruit ninja”

  • @miker8687
    @miker8687 2 місяці тому

    Real estate is a great investment. And short term renting your real estate is still a great holding strategy. The title of this video alone doesn’t even make sense. Airbnb isn’t an investment unless you’re buying their stock.

  • @MaseratiSen713
    @MaseratiSen713 2 місяці тому

    I miss the glory days 🥹

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      I'm waiting with a fork and knife for the fall out.

    • @christinarevels8643
      @christinarevels8643 2 місяці тому

      @@AirbnbAutomatedcan you elaborate? Looking to expand once unprofessional hosts wash out?

    • @AirbnbAutomated
      @AirbnbAutomated  2 місяці тому

      The negative sentiment from people failing and appear to peer space like this causes people to avoid the industry. The effects are slightly delayed, because people have to quit and complain, but it does create the potential for being less Airbnb Host over the next few years.

  • @toddmartin4900
    @toddmartin4900 2 місяці тому

    The cream always flow to the top. Get rid of these investor hosts that taint good hosts.

  • @MrHamlet
    @MrHamlet Місяць тому

    Not even a minute in and this video has dumped out a pile of misinformation. *files under clickbait.

    • @AirbnbAutomated
      @AirbnbAutomated  Місяць тому

      I sense a bit of bias from the viewer. You’re going to miss the punchline

    • @MrHamlet
      @MrHamlet Місяць тому

      @@AirbnbAutomated hmm I see my response is missing.

    • @AirbnbAutomated
      @AirbnbAutomated  Місяць тому

      Weird. Did you use a restricted keyword? Maybe a link?

    • @MrHamlet
      @MrHamlet Місяць тому

      @@AirbnbAutomated I didn't use a link nor any words that would cause offense. Hmm oh well.
      I went back and watched the entire video. I agree with your conclusions that people need to put in the elbow grease to make money. Was that the punchline?

    • @AirbnbAutomated
      @AirbnbAutomated  Місяць тому

      @MrHamlet the punchline is that airbnb (as a verb/ service) is not an investment. Treating it like a mere investment loses money, making it the worst investment.
      To make money, treat it like a business. Thats the premise of the punchline yes sit

  • @patrickg8461
    @patrickg8461 Місяць тому

    Clickbait and smearing the competition...

    • @AirbnbAutomated
      @AirbnbAutomated  Місяць тому

      Not at all: dont be salty.

    • @patrickg8461
      @patrickg8461 Місяць тому

      @@AirbnbAutomated I agree with the main point that it is a business and should be handled like one. Thank you for your video. But my point remains valid.

    • @AirbnbAutomated
      @AirbnbAutomated  Місяць тому

      Not clickbait, a well deserved lesson that was framed to be remembered.
      And using various influencers claims that they’ve quit or dialed back is just honest reporting. If in your perspective that was smearing, it means you don’t like what the facts imply.

  • @toasgreece
    @toasgreece Місяць тому

    FKURAIRBNB

  • @rocket9580
    @rocket9580 2 місяці тому

    good quit...lol