I totally agree. Thanks for sharing! I appreciate how you summarize at the end. We have only 2 properties on our farm. It's an experience, we are onsite hosting with flexibility and we live near a tourist site that sees 7 -10 k people everyday. I'm not sure I would host without being able to check those boxes. Our area has flooded with airbnbs over the last few yrs. I have to stand out or get out.
Let me sum it up.... This is the behavior of a late-stage bubble in a market. Shrinking margins, higher investment costs, increasing speculation. Beware.
Damn dude. I took a break from UA-cam for about a yr and havent watched your videos since. You went from looking like about 30ish to looking like you just got your AARP card. Airbnb must be super stressful
What I don't like is the fact that there is no way to keep Airbnb accountable. Airbnb retaliated against me for reporting a party, threatened to delete my account. They made a bogus claim about my security disclosure made me change a few words just so they said I wasn't compliant then they threatened me if it happens again I'm banned for life. Airbnb sucks for hosts.
In Europe the picture is different. Here is cheaper to rent well furniture and clean whole apartment than just a room. Depends on hospitality and good behaviour
Excellent sales technique, in this case sales of your short term rental course/master group/consulting. Agree and sympathize with the struggling people. Then subtly tell them they can make 4000 a month from a single property. Add in a 10k per month property later. Throw in how you are "different" with a the "new" strategies of using great properties in great locations providing great service (wow, who could have thought). All the while providing no counter for the oversaturation or realities that without capital you can't make a "grand piano" property. I am impressed, you are a great salesman.
To add on to what Sean said, PICS matter just as much. A well-designed house with great amenities will underperform without great Photos. People shop, eat, and spend with their eyes. This is not a passive business, I have 4 STR properties and spend at least 1hr per day, per house online working. Plus the situations and emergencies that come up that must be dealt with.
You’re such an inspiration! I am just about to invest in my first property, super nervous but so ready for this next chapter in my life. Thank YOU, Sean. It was you who made me take this next step. 🙏🏼✨
Airbnb are selfish & only care about the interest of the guest. What ever happens they support the guest mostly, they don’t care about the Host. I pulled my apartment off Airbnb & rented it out to a sitting tenant and I’ve never regretted. In London the guests are a bunch of complainers and think the government should be responsible for their housing woes, so they stress hosts with complaints. Guests would steal napkins, spoons 🥄, toilet 🚽 paper paper, hand wash 🧴 and towels from my airbnb. I got tired & let the apartment out to a tenant.
My experience with 4 properties has shown me that design, pics, amenities matter. A well designed house with good pics and the right amenities will outperform the same BR+BR house in the same area in both OC rate and PPN. I can show you the numbers. I completely agree with @airbnbautomated Sean.
Not true. The luxury market cares but it depends also on where you are. Btw, The luxury market isn’t going anywhere. People like ambiance, tasteful decor and attention to detail. Kids at the beach might not but the rest do I think. Jmo.
I WILL NEVER RENT AN AIR B&B AGAIN! the last 3 were crap! Shady owners, horrible neighborhoods, rental pics are glossed up, you get there and it's 💩 air b&b makes you fight the owner to get out of the rental and get your money back, even if you leave within 24 hrs! No thanks greedy 💩 holes!
Thanks Sean! I have one commercial property that does between 30k and 40k. So not too worried about regulation here is SC. You are an important source. I think where we are at is trying to figure out design to stand out more and charge more. We are a unique stay and setup, but really nothing special at the same time. Last winter sucked, and trying to get ready for this winter. Ups and downs finishing up year 8 now. Keep it up!!
Let's talk guests. Every guest comes inside the home with a magnifying glass searching for reasons to get a discount. Now they are looking on the outside of the house. Two week stay and a spiderweb appears outside ? Give me a discount or I will leave a bad review. Will they write that out word for word? No they are smart. The only way it will work in the future is you have enough extra cash to burn through to ensure guests give 5 stars
The more hands-on you are as a host of the easier this is to defend against It becomes a necessary step of deterrence to systemize reporting and documentation to head off this negative side effect of being an absentee host and guests nailing you for refunds due to lack of defensive reporting
Most markets are very oversaturated. Your property isn’t even being seen if it’s not on the first 2 pages or so. You’re also competing with part time landlords that aren’t expecting to profit, just cover a little expenses.
Sean thank you for the great content. Launching our first property over next 2 months. New build so lots invested but definitely have been listening to your insights.
As always, I appreciate you sharing your wisdom and valuable experience. I'm cashing out on the equity I've earned in CA, and am buying a home base in Puerto Vallarta to relocate, so I can begin my arbitrage career. I'll be joining your training courses once I relocate. I know I can do a better job than 90% of the places I've stayed there since 2020. All I see is potential everywhere. I can't wait to begin!
I love your content. I've done some value added plays. I've taken a home and converted it into three studios. I have my own cleaning team. I've done this on several homes and have themed them. I've got some in Reno so if you are passing through during Burning Man, please reach out.
Before even seeing the video: airbnb is EASY. I have a master in physics, research is hard, being pressured to find something new is hard. Airbnb is very easy compared to it unless you want to do it to get rich with a lot of properties and so on, but the hard thing there isn't airbnb itself, it's running a company that is hard. Let's be real, managing check-ins/outs, cleaning and messaging guests? A not very smart normal person with some empathy and enough brain to manage money in/out, can easy do it, at most the airbnb platform just makes it easy. Now to the video, I'll edit this if needed
@@AirbnbAutomated I many times have different opinions from yours, I also live in a different continent (Portugal) which makes some things different. But still, I keep coming here, different well put opinions can make you think further. There is a lot of value in your videos if one is critic and thinks after them. So thank you ☀️
@@TaavP Physics is hard and Airbnb is hard in different ways. You don’t deal with 10 different personalities every week with physics. You do with Airbnb. One week you will have a person with mental health issues and you have to navigate that. Another week you will have a guest trash the house. Another week you will have to fire your cleaner and find someone better. There’s hundreds of moving parts with this business. There isn’t with physics
@@AirbnbAutomated Good one ahah But like I said, that's not airbnb that's if you have a company with a lot of str, if you just have your single str you don't have a lot of hard things to go through. Like I said, managing a company is had, doing airbnb no. Also I'm happy to have different people in the house and talk with them, if they have mental issues I'll be super happy to make them have the best time possible. Bad guest happen, I've been lucky no one trashed the house hard yet, but I try to sell the str to a certain type of people, people that like Hiking and care about the nature, etc so they are most likely also taking good care of the house. They even water my plants because they like 😂
... absolutely and you also forgot recently there's been a lot of light shined on some hosts installing hidden cameras. But the big thing is the cost like you said, most people are better off just with a hotel these days.
I totally agree. Thanks for sharing! I appreciate how you summarize at the end. We have only 2 properties on our farm. It's an experience, we are onsite hosting with flexibility and we live near a tourist site that sees 7 -10 k people everyday. I'm not sure I would host without being able to check those boxes. Our area has flooded with airbnbs over the last few yrs. I have to stand out or get out.
Run it like a 4 or 5 ⭐ hotel, or get out.
facts !!!! best answer here
make sure to ask renter to clean up then charge them with cleaning fee
Let me sum it up....
This is the behavior of a late-stage bubble in a market. Shrinking margins, higher investment costs, increasing speculation. Beware.
Beware indeed. And whats more, use it.
Damn dude. I took a break from UA-cam for about a yr and havent watched your videos since. You went from looking like about 30ish to looking like you just got your AARP card. Airbnb must be super stressful
As a former short term rental business with 55 units in four countries, there is no waxing over the fact Airbnb is worst run Company in America 🇺🇸
Why former? What happened
@@brendanhoxie2831 Airbnb is worst run Company in America 🇺🇸. That’s what happened.
They treat hosts like garbage
What I don't like is the fact that there is no way to keep Airbnb accountable. Airbnb retaliated against me for reporting a party, threatened to delete my account. They made a bogus claim about my security disclosure made me change a few words just so they said I wasn't compliant then they threatened me if it happens again I'm banned for life. Airbnb sucks for hosts.
They ban hosts for life all the time with no proof of anything
In Europe the picture is different. Here is cheaper to rent well furniture and clean whole apartment than just a room. Depends on hospitality and good behaviour
Excellent sales technique, in this case sales of your short term rental course/master group/consulting. Agree and sympathize with the struggling people. Then subtly tell them they can make 4000 a month from a single property. Add in a 10k per month property later. Throw in how you are "different" with a the "new" strategies of using great properties in great locations providing great service (wow, who could have thought). All the while providing no counter for the oversaturation or realities that without capital you can't make a "grand piano" property. I am impressed, you are a great salesman.
To add on to what Sean said, PICS matter just as much. A well-designed house with great amenities will underperform without great Photos. People shop, eat, and spend with their eyes.
This is not a passive business, I have 4 STR properties and spend at least 1hr per day, per house online working. Plus the situations and emergencies that come up that must be dealt with.
I'd say 50% of my bookings are through VRBO; with the remainder Airbnb or private booking through Marketplace. Just sayin' ...
You’re such an inspiration! I am just about to invest in my first property, super nervous but so ready for this next chapter in my life. Thank YOU, Sean. It was you who made me take this next step. 🙏🏼✨
Friendly advice...look into selling options for premium vs. Air BnB.
Airbnb are selfish & only care about the interest of the guest. What ever happens they support the guest mostly, they don’t care about the Host.
I pulled my apartment off Airbnb & rented it out to a sitting tenant and I’ve never regretted. In London the guests are a bunch of complainers and think the government should be responsible for their housing woes, so they stress hosts with complaints. Guests would steal napkins, spoons 🥄, toilet 🚽 paper paper, hand wash 🧴 and towels from my airbnb. I got tired & let the apartment out to a tenant.
What happens if that tenant sublets
@@AshwinnMusic
How do you know the future?
I disagree. No one care what the place looks like whatsoever as long as the price is reasonable, it’s got a bed 4 walls and a roof.
Front door value. City to city that value may vary
Depends on the market! In Bali the expectations are high vs the money
My experience with 4 properties has shown me that design, pics, amenities matter. A well designed house with good pics and the right amenities will outperform the same BR+BR house in the same area in both OC rate and PPN. I can show you the numbers. I completely agree with @airbnbautomated Sean.
Thats old game. The new game is competitive. Just because the Joe Doe now have a scenario to be petty.
Not true. The luxury market cares but it depends also on where you are. Btw, The luxury market isn’t going anywhere. People like ambiance, tasteful decor and attention to detail. Kids at the beach might not but the rest do I think. Jmo.
I WILL NEVER RENT AN AIR B&B AGAIN! the last 3 were crap! Shady owners, horrible neighborhoods, rental pics are glossed up, you get there and it's 💩 air b&b makes you fight the owner to get out of the rental and get your money back, even if you leave within 24 hrs! No thanks greedy 💩 holes!
Totally agree. You have summed it up very well!
Amen! Shitty, greedy people are most likely to become AirBnB hosts. That's just how the world works.
Thanks Sean! I have one commercial property that does between 30k and 40k. So not too worried about regulation here is SC. You are an important source. I think where we are at is trying to figure out design to stand out more and charge more. We are a unique stay and setup, but really nothing special at the same time. Last winter sucked, and trying to get ready for this winter. Ups and downs finishing up year 8 now. Keep it up!!
Excellent advice. And wonderfully explained. ❤
Let's talk guests. Every guest comes inside the home with a magnifying glass searching for reasons to get a discount. Now they are looking on the outside of the house. Two week stay and a spiderweb appears outside ? Give me a discount or I will leave a bad review. Will they write that out word for word? No they are smart. The only way it will work in the future is you have enough extra cash to burn through to ensure guests give 5 stars
The more hands-on you are as a host of the easier this is to defend against
It becomes a necessary step of deterrence to systemize reporting and documentation to head off this negative side effect of being an absentee host and guests nailing you for refunds due to lack of defensive reporting
It's the state that America is in, Turned into a bunch of selfish crybabies.
We don't suffer this problem. We have our Airbnb running well.
@@thomaswilliam630 I just had someone ask for money back because the AC was too cold. In the Summer heat.
What is the mechanism to even get money back through AirBNB?
@@christobar the mechanism is complaining to Airbnb
For my last vacation, I used VRBO and I was happy with the price and value as a consumer.
Most markets are very oversaturated. Your property isn’t even being seen if it’s not on the first 2 pages or so. You’re also competing with part time landlords that aren’t expecting to profit, just cover a little expenses.
I have a house in a gated neighborhood in Pensacola. Renting it is a hassle and we lose a bunch to property managers.
Do you know why you keep losing your property managers?
Always much appreciated Sean!
Sean thank you for the great content. Launching our first property over next 2 months. New build so lots invested but definitely have been listening to your insights.
Please keep me posted. Im expecting success!
Excited for you! Congrats!
Always appreciate your insight. Thanks Sean for the video.
Extremely well explained content. Love the format, information, and how matter of fact the delivery is on the topic 👏🏼👏🏼
Thank you sir
As always, I appreciate you sharing your wisdom and valuable experience. I'm cashing out on the equity I've earned in CA, and am buying a home base in Puerto Vallarta to relocate, so I can begin my arbitrage career. I'll be joining your training courses once I relocate. I know I can do a better job than 90% of the places I've stayed there since 2020. All I see is potential everywhere. I can't wait to begin!
Bnb treats hosts like garbage.
I love your content. I've done some value added plays. I've taken a home and converted it into three studios. I have my own cleaning team. I've done this on several homes and have themed them. I've got some in Reno so if you are passing through during Burning Man, please reach out.
Thanks for the invite. I’ve got to drive to Sparks to drop off a generator shortly after Burning Man so I will be in the neighborhood.
And also congratulations on all of your success
@@AirbnbAutomated I'm working on a project in Sparks. Hope to open soon. One is a beach themed room and the other is an Asian Zen room.
Great video again, coach!
What about direct booking?
Thanks Sean nice 1
Before even seeing the video: airbnb is EASY. I have a master in physics, research is hard, being pressured to find something new is hard. Airbnb is very easy compared to it unless you want to do it to get rich with a lot of properties and so on, but the hard thing there isn't airbnb itself, it's running a company that is hard.
Let's be real, managing check-ins/outs, cleaning and messaging guests? A not very smart normal person with some empathy and enough brain to manage money in/out, can easy do it, at most the airbnb platform just makes it easy. Now to the video, I'll edit this if needed
I like these insights thanks for that
@@AirbnbAutomated I many times have different opinions from yours, I also live in a different continent (Portugal) which makes some things different. But still, I keep coming here, different well put opinions can make you think further. There is a lot of value in your videos if one is critic and thinks after them. So thank you ☀️
@@TaavP
Physics is hard and Airbnb is hard in different ways. You don’t deal with 10 different personalities every week with physics. You do with Airbnb. One week you will have a person with mental health issues and you have to navigate that. Another week you will have a guest trash the house. Another week you will have to fire your cleaner and find someone better.
There’s hundreds of moving parts with this business. There isn’t with physics
There is in quantum physics
@@AirbnbAutomated Good one ahah
But like I said, that's not airbnb that's if you have a company with a lot of str, if you just have your single str you don't have a lot of hard things to go through. Like I said, managing a company is had, doing airbnb no.
Also I'm happy to have different people in the house and talk with them, if they have mental issues I'll be super happy to make them have the best time possible. Bad guest happen, I've been lucky no one trashed the house hard yet, but I try to sell the str to a certain type of people, people that like Hiking and care about the nature, etc so they are most likely also taking good care of the house. They even water my plants because they like 😂
too expensive, hosts are too obnoxious, too demending about cleaning...sucks...used to be decent...hotels are less expensive.
... absolutely and you also forgot recently there's been a lot of light shined on some hosts installing hidden cameras.
But the big thing is the cost like you said, most people are better off just with a hotel these days.
bro just singlehandedly saved so much money and time 🙏
Airbnb is banned in my city. They require I get a city license now, which they won't give me. What's the best alternative?
I only have a room and an attached bathroom. Does a guest have to have access to a kitchen? Or is that just optional?
Sean I just set up a unique retro themed cabin in the Smokies and I am having such a hard time getting bookings. Any advice?
What is a good percentage for a co host?
No more inquiries and bookings in Airbnb 😭
I made 100 M on my airbnb
Who cares?
ORLY? I’m LouisXVI
150 properties? And we wonder why housing is so bad right now. One dude holds 150 properties.
Blackrock holds 300,000
Short term rentals are a plague and destroying home ownership for millions.
How can I become a student of yours.
Talk to my team:
Heres a link
Https://rakidzich.com/superhost
AirBnB has played a massive part in the global housing crisis
GOOD!!! let go of the homes so people can buy a house
If you DO start an airbnb business, start here to learn market research: ua-cam.com/play/PLjdl1yk0inrUASpyLWL3Wgo8vQw78t_Xm.html
airbnb is dead and buried
1st
🥱
2nd
Bullshit it's easy like tinder
Hi Sean, would you recommend setting up a direct booking site on wix or using a platform like Lodgify?
It sucks. Better to stay at a hotel.