👉 Join the Real Estate workshop (in person + offline event in Goa in OCTOBER 2024); sign up here rzp.io/l/AkshatREISOct24 ______________________________ 👉 Join India's biggest investor community (only at 159/month): ua-cam.com/channels/qW8jxh4tH1Z1sWPbkGWL4g.html ______________________________ 👉 Join my May LIVE CRASH course today and build your fundamental knowledge on Stock Market investing in 2 weeks: wisdomhatch.com/courses/stock-market-live-course-crash-course-limited-seats-may/ ______________________________ 👉 You can check the airbnb here: airbnb.com/h/flatnearmartinscorner ______________________________
ua-cam.com/video/jjZy1pZ2HRo/v-deo.htmlsi=W-AQEJ2BzTunvxpA Gurgaon Uncle has responded with very valid logical points.. Also, i think he is depressed that you called him uncle.. he is very touchy about his age 😂 Acc. to him unka midlife crisis chal raha hai.. end life crisis nahi 😅
If you buy an apartment for 80 lakhs to 1 cr and put it up on Airbnb for 4000 rs a day, you will get around Rs. 2800 after taxes and charges. If you are able to get bookings for 200 days a year (given you are lucky), you will get roughly 5.6 lakhs per annum. If you buy a flat in Bangalore in a branded community for a similar price, you will get a fixed rent of 5-6 lakhs per annum with much lesser management stress and longer life of your paint, interiors, electricals and plumbing works. And of course, much better appreciation. Airbnb in Goa makes sense only if you buy a 2nd hand flat in the 50 lakh range. But that will not appreciate at all. Not every flat in a metro city costs 2 cr. You cannot count the cost in the prime areas which developed 30 years ago.
@@victor-ev6np Exactly. In fact I stayed in couple of areas in Bangalore and rent for a flat less than 1 Cr mostly stays in between 20-30K per month which is 2.4 to 3.6 lakh rupees before taxes and any maintenances.
@@victor-ev6np in Bangalore the rental for any branded builder's 2bhk flat fetches a rent of 40-50k now and is available for sale at 80 lakhs to 1 cr. Do check it out. It may not stay at that price too long though.
Here after listening to uncle ji from gurgaon and that that uncle ji is saying is on point. You have to understand the local indian nuances, politics, etc.
Just one question Akshat, why would anyone travelling for a very short duration, let's say even 1-2 weeks, would cook food there ? This usecase is practical and correct for a country like US ( I lived there for 6-7 yrs) where getting food of liking is difficult for most PPL. But, in a country like India - buying food is not a problem. Why would someone expect their spouse to COOK or Wash Clothes, when the family is on VACATION, trying to ENJOY the Life and Vacation ??
Multiple reasons when you want to cook your own food: a) health issues where you don't prefer to eat outside food when on vacation. b) Having outside food for all 3 times for a week or two is not good(health wise)/pocket friendly c) you can cook kids friendly food on your own.
Yes, also vegetarians have less options… and when cooking on vacation doesn’t mean full fledged cooking… quick n ready mix kind of cooking etc… we need to safeguard health too when going in vacation!!
@manojsuri9859 See, you may not cook all 3 meals on your own but some. It all depends on person to person. I did cook due to health issues when I was on vacation and really liked air bnb property equipped with kitchen facilities.
He just reads the story which probably anyone with information from internet can with good presenting skills while guruji is professor knows in and out
You can watch a video of Ahmed Khan on UA-cam, Serviced Accommodation UK (10 hour course) which is free of cost and you’ll learn everything from scratch 👍🏻
Bas mujhe yahi nahi pasand. Logo ka course bech kar paise kamaana. Stock market ka bhi yahi haal. Trading se bhale hi loss ho raha ho, but ye log courses bech bech kar hi paisa kamaate hai
the Airbnb manager will charge commission so can we expect the rental yield to be 6-7% instead of 8-9% , but still the rental yield of 6-7% is also very good . also since we are doing short term rentals the maintenance charges of the villa/flat/property will also be high
Being host on Airbnb for 7+ years and running 4 properties I feel this video is nice as an Airbnb ad. Not at all educational video and that course is big no no. I'm having second thoughts on his previous finance videos. Is he a real finfluencer. He is technically right but practically nothing makes sense. It's like saying jump from 50 feet you will land on feet or you may break leg or you may die. Only take away from video is rental yield is more in short term rental than long term rental depending on the market. Have lost faith in him after this video
@@MissingBihar Hi, I would like to connect with you regarding your Airbnb business. I am planning to start an Airbnb rental business but would like to speak to someone already in experienced in this field like yourself.
Difficult to make money on Airbnb in Goa. There are better destinations than Goa, where you get visa on arrival. There is plenty of accomodation in Goa that is not getting filled up.
.. When I was abroad , our office team used AirBnB extensively.It was a 30 member team outing and affording hotel rooms for two days would not fit with in our budget, hence we a booked an( church turned aprtment) AirBnB property 😝. We cooked our own food and had great time(dance,party etc..) . This concept is good. Obviously every business has risks and challenges. Liked that 'KB Warriors"
Akshat you were very much fond of Sbi card, Hdfc bank etc... I am not blaming, but do you remember the day youbcriticised Saurabh sir. Now its your turn... So be mature when you go up the ladder. Of course you have guided us immensely. But be humble
Hey akshat ! " clarity for youth " a channel led by AMIT SANGWAN HAD MADE AN EXPOSE VIDEO ON YOU AND on idea OF AIR BNB . He had pointed valid point against you . Could you counter it . According to me he is right In every sense .
Akshat already countered it with the points below, most silly ones because he doesn't have any answer. 1. He asked for a certificate for being a clarity giver. 2. Have you ever invested in Goa properties ever?
Did you leave out all other stocks and the advise to stay diversified, sell your kidney and bought only SBIcards and hdfc..😂😂 If you want sure shot returns within a year then get an FD.
It index 25% up, idfc first doubled, hdfc amc 1.5 times, nifty more than 10% gains and many more. Don’t spread hate. Further, keep holding hdfc and sbi cards and see the gains in 3 years
Don't get fooled by this person. He has to sell his course and create a content. My uncle who has retired from Navy has a Villa in Goa, not even 2% rental yield. Very few flats/ house/ villa has approx 6% rental yield, very few
Bakwas loc pe hoga property Else people are not fool to know how to choose and what to look into before choosing a property ALSO, ITS NOT EVERYONE’s CUP OF TEA TO BE PROFIT CHURNER DIMAAG BHI TO CHAHIYE Just coming from a highend position doesn’t make someone smart enough
I think its very important at what time you bought the property and what price. I don't found Airbnb property buy today in Goa a profitable business in any sense.
Goa is super crowded and prices have gone through the roof - you can think of all these ideas when you have crores of rupees - for average middle class people these things don’t make sense - loans come with interest - you can’t make money and it’s too risky - such high value investments are super risky and destroy your financials completely
In certain housing societies, the Residents' Welfare Association objects to operating Airbnb rentals, arguing that it's illegal to do so without obtaining permission from the relevant authorities. Please advise on how to handle this situation.
Akshat, a completely online course would be really appreciated as everyone cannot travel to Goa for a one day workshop. Alternatively, a charge only for the online classes can be communicated. I would really appreciate your consideration on this.
Quite vague vlog/advise for investment amount more than 1cr. My mother renting out flats in Mumbai for more than 30 years. And even staying close to those properties, it's very difficult to manage them. And here you are giving gyaan on buying property in another state.
But that's your mistake and lack of management skills if u can't manage those properties. I have 9 rentals, and I highly scrutinize my tenants. Looking for long term tenants, Its my most easily managed investment. I have no manager, and I generate 6 figures through rental yield alone. No need for a manager, only a day a month to take rounds, mostly don't even visit the flats. The more you try to be involved, the more you'll suffer. Give the tenants freedom, you don't have to answer to the other flat owners. Take a step back.
Hey Akshat, Spotted you at the BLR International Lounge last week while I was on my way to Dubai. Wanted to say hi, but it was pretty late midnight. Hope to meet you in person next time.
Let's not forget his main income stream which is rising exponentially, he is doing all this Airbnb after getting almost financially independent. If he has enough to buy 10 airbnbs , he can absorb 2-3 failed airbnbs and still keep going, an average person cannot absorb so much
Your videos are very interesting and educative. But I still struggle to understand why you did MBA from INSEAD if your target was financial independence through investment & AirBnB business. A lot of people are running multiple AirBnb in Delhi.. without any high education. So it just doesn’t sum up..
Hi Akshat, you keep on talking about creating an opportunity fund. Is there any video that explains about how to build an opportunity fund ? The question which am I always concern with creating opportunity fund is the opportunity cost itself of not investing it into let's say market , and feels like I have to time the market to make it work
All the math i did was even i buy a property in loan and my airbnb works fine, still it will take 10yrs to payoff that loan and then it will be profitable.
Thanks Akshat, need your guidance on point related to tax management. Are you required to have the apartment in the name of your business to be show revenue and expenses. Another query, as per Goa rules do you require to switch to commercial electricity meters from residential to operate Airbnb?
Hey I live in bhuj. I am interested but no initial cost no property. Yet if you invest in will look after your property. We have 4 season full occupancy during winter. As you may search Rann utsav in kutch Gujarat.
2 important expenses not openly disclosed... how much of that short term rental yeild does the AirBnB manager exactly take?? If the propery is making 50k a month..how much will be owners share if its managed by someone else? 2. Exact expense for registering property for short term rental...like why the hell didnt you just share the numbers with examples instead of doing word play 🙄
Hi Akshat, very informative and valuable video. Especially for me (very close to buying my first property/Villa in Goa). I have a unique question. I am looking to self-occupy (leisure) the villa for 15-30days and put it on rent for the remaining days. Most likely, this self-stay will be during peak season only (say 15dec-15jan). Now I understand that only the average rental of 200days gets reduced to 170-175days in this case. But since I eat up the peak season; rental yield goes down too. Overall, is this a good way to approach this business? Or should I keep leisure/ business aspects separate? Please suggest. Also, any possibilities to connect for a 1on1 "consulting session"? Your insights about the locations etc will be valuable to me. And I really cannot defer it to July24 so would appreciate a paid 1on1 in Feb at your convenience via video/telecon/in-person. Much thanks.
Bhai AirBnB is the worst thing you can do in Goa if you are not living there. I have been to Goa 12 times out of which 10 times I have stayed in AirBnB and spoken with multiple owners regarding this coz even I was exploring this option once upon a time, The summary my analysis is as follows:- 1. Rowdy/Classless/Chhapri Guests will take your cutlery, utensils, household stuff like its their Baap ka maal and included in the peanuts rent that they pay for the BnB and behave as if they are the friggin owners for the 2000-3000 Rs. per night that they paid. Some chors even go to the extent of taking the Batteries out of your remote and stealing your bedsheets. 2. Many A-Holes will smoke, drink, eat on the bed inspite of you requesting them not to and giving them a dining table, sofa, centre table and ashtray etc and they will ruin/burn your bedhsheets, mattresses multiple times in a month for which you have no respite from AirBnB or the tenant. I kid you not, one BnB owner lady told me that one of her renters was menstruating and left her period stains on her bedsheet. So this also happens. She has to discard and replace her bedsheets atleast once every month and sometimes even more. 3. Getting your property managed in Goa is a whole different nightmare as getting skilled labour who shows up on time is almost like a fantasy over there. If you are living outside Goa then you are at the mercy of the manager who will do the maintenance whenever he feels like coz he is doing 10 other things as well. 4. Not to mention, the innumerable amount of times your fixtures and fittings will be broken, almost every week coz Indians use the stuff of others very roughly and without any consideration whatsoever. 5. Only those who live there and who have good contacts and who are localites have any realistic chance of getting a decent return from their BnB coz in that case the renter is also aware that the owner is watching over me and they will behave accordingly. If the renters find out that the caretakers are looking after checkin and checkout and the owner is out of town/country, then they wont even hesitate to burn the place down. Also being a local has its advantages in maintaining the place as you have the required contacts. 6. In my last Goa trip in Nov 2023, the local lady in whose BnB I stayed in Benaulim was so fed up with the maintenance shit that she told me that after this season, she will rent it out on monthly basis to a long term tenant and not be bothered with this bullshit anymore as this takes up so much of her time/energy/effort and it is not worth it. So imagine when local people who are born and brought up in Goa and lived their whole lives there are not able to handle this nonsense, then an outsider with barely any contacts and not living in Goa has no chance in hell to deal with it. 7. Daarubaaz Guests specially from North India will break bottles in your house, drink near the Society Swimming Pool, play loud music often till late in the night, cause a ruckus in the society, abuse guards and fight with fellow residents and there would be many instances where Police will need to be involved and you know Police waala aayega toh Dakshina lekar hi Jayega. Also you cant control if criminal minded elements are coming in your Home who will do drugs, get Pros in your home and do all kind of anti social and illegal activities. We Indians have a long way to go to become civilised enough to be renting AirBnBs like the Europeans. So if you are not a person who has some local Corporator/MLA/Police friend and contacts, then you are royally screwed in instances like these which will happen sooner or later. 8. Lastly, even if you deal with all the issues listed above, The return does not justify the hassle at all as the return is almost at par with the rental yield of similarly priced property after cutting all expenses. Reason- Every Maintenance, no matter how big or small is your purview in the AirBnB whereas in the rental property normal wear and tear is looked after by the tenant as he is staying there for the long run. Also you are very well aware and have a long term relationship with the tenant as you do your due diligence by judging where the person works, what is his nature/personality like etc. This you cant control in AirBnB. Peace of Mind is guaranteed in a long term rental whereas the opposite can be expected in AirBnB as you will be dealing with a shitload of issues almost on a weekly basis in peak season. If you are so bored in your life that you want this kind of action and adventure, then by all means go for it. If you have been able to read till here, then Kudos to you and by now you know that its a foregone conclusion that AirBnB is BIG NO NO. Specially when you are not living in that particular city or you do not have rock solid local contacts and muscle power as well.
Sir Could you please provide suggestion , is nifty mid cap index good or active mid cap fund are good Similarly for small cap index fund vs active funs
I am not sure if Akshat is becoming aware of the fact that he speaks a lot of Hindi in this channel as well. As a genuine non-hindi speaking follower of him since long time, recent days it becomes very difficult for me to get the full knowledge from his videos. Same goes with this video too.
Fully agree, Same is the case with my colleague from Madurai but he is using this as an opportunity to improve his Hindi 😊 along with knowledge finance
a quick tip Akshat...pls make your video smaller... most people get attracted to shorter clips then longer clips...for eg i havnt watched this because of the length....nyways love your content/...
Akshat wonderful stuff..You make a lot of sense in your videos, I have been following you for a while now..Would you be able to share Prekshas coordinates ?
Bhaiya Indian tourist segment considers in Air BNB just once, hardly a repeat customer. None goes to a vacation where he wants to do everything. People go to vacation to relax not the Household chores.
Your Airbnb’s maths are fine, however, problem lies with 90% of India the airbnb properties that are owner managed, where quality and upkeep is a huge concern. This is in sharp contrast to what you experience in west.
hey Akshat I am a host on Airbnb, running the business for last two years in Mumbai and successfully renting out 6 listings, can I get a link of listings?
Us startup’s know very well when to launch which product if Indian startup’s like Zomato,bigbasket,Ola and other startup’s didn’t existed how can airbnb grow
Look at the car and bike rental companies in India. You will never make a profit with this kind of business. Numbers will look rosy in excel and ppt but in reality it will be different.
Can you give info about Zion verse , i listened ur advice, i invested but no use, no one is there to answer, this is all looking i wasted my hard earned money, in the name of Lakshmi NFT
![Passive Income From a Second Home? [AirBnb VS Rental]](http://i.ytimg.com/vi/zOdANwjAbUg/mqdefault.jpg)
![Passive Income From a Second Home? [AirBnb VS Rental]](/img/tr.png)
👉 Join the Real Estate workshop (in person + offline event in Goa in OCTOBER 2024); sign up here
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ua-cam.com/video/jjZy1pZ2HRo/v-deo.htmlsi=W-AQEJ2BzTunvxpA
Gurgaon Uncle has responded with very valid logical points..
Also, i think he is depressed that you called him uncle.. he is very touchy about his age 😂
Acc. to him unka midlife crisis chal raha hai.. end life crisis nahi 😅
Either you talk in English or Hindi completely. It's annoying when you drift into Hindi and back. Actually irritating 😢
Goa is doing well in real estate here in mumbai I am struck with oversupply
Want to join
Akshat please help me buy a property
If you buy an apartment for 80 lakhs to 1 cr and put it up on Airbnb for 4000 rs a day, you will get around Rs. 2800 after taxes and charges. If you are able to get bookings for 200 days a year (given you are lucky), you will get roughly 5.6 lakhs per annum. If you buy a flat in Bangalore in a branded community for a similar price, you will get a fixed rent of 5-6 lakhs per annum with much lesser management stress and longer life of your paint, interiors, electricals and plumbing works. And of course, much better appreciation.
Airbnb in Goa makes sense only if you buy a 2nd hand flat in the 50 lakh range. But that will not appreciate at all. Not every flat in a metro city costs 2 cr. You cannot count the cost in the prime areas which developed 30 years ago.
👍
If the flat doesn't cost you ~1.5 -2 Cr...you can't be expecting to get a rent of ~ 5 lakhs
@@victor-ev6np Exactly. In fact I stayed in couple of areas in Bangalore and rent for a flat less than 1 Cr mostly stays in between 20-30K per month which is 2.4 to 3.6 lakh rupees before taxes and any maintenances.
+1
@@victor-ev6np in Bangalore the rental for any branded builder's 2bhk flat fetches a rent of 40-50k now and is available for sale at 80 lakhs to 1 cr. Do check it out. It may not stay at that price too long though.
Here after listening to uncle ji from gurgaon and that that uncle ji is saying is on point. You have to understand the local indian nuances, politics, etc.
Is that Sango sutra channel?
Like who all watched Guruji video on this topic. Clarity for youth.
Sango ki jai ho
Guruji ne keh k leli Akshat ki😂
@@amitsaharan07sahi kaha 😂😂
Bhabhi ji Namaste 😂😂😂😂
@@amitsaharan07And still you have joined Akshat's membership! 🤣🤣🤣 Purane paap hain toh dho lo.
3 Things are required to Become legendary Investor -
1. Vision
2. Courage
3. Patience
Thanks to Guruji from Gurugram people now have more clarity and don't fall for such fraudsters schemes.
Which guruji?
Just one question Akshat, why would anyone travelling for a very short duration, let's say even 1-2 weeks, would cook food there ? This usecase is practical and correct for a country like US ( I lived there for 6-7 yrs) where getting food of liking is difficult for most PPL. But, in a country like India - buying food is not a problem. Why would someone expect their spouse to COOK or Wash Clothes, when the family is on VACATION, trying to ENJOY the Life and Vacation ??
Multiple reasons when you want to cook your own food: a) health issues where you don't prefer to eat outside food when on vacation. b) Having outside food for all 3 times for a week or two is not good(health wise)/pocket friendly c) you can cook kids friendly food on your own.
Yes, also vegetarians have less options… and when cooking on vacation doesn’t mean full fledged cooking… quick n ready mix kind of cooking etc… we need to safeguard health too when going in vacation!!
Same question arises from my side.
@@ashav2502 99.99 percent people won't cook their own food when on vacation.
@manojsuri9859 See, you may not cook all 3 meals on your own but some. It all depends on person to person. I did cook due to health issues when I was on vacation and really liked air bnb property equipped with kitchen facilities.
He just reads the story which probably anyone with information from internet can with good presenting skills while guruji is professor knows in and out
He is selling course, don't fall into trap. He wants to make money by selling course
You can watch a video of Ahmed Khan on UA-cam, Serviced Accommodation UK (10 hour course) which is free of cost and you’ll learn everything from scratch 👍🏻
Please share a link
Bas mujhe yahi nahi pasand. Logo ka course bech kar paise kamaana. Stock market ka bhi yahi haal. Trading se bhale hi loss ho raha ho, but ye log courses bech bech kar hi paisa kamaate hai
So called finfluencer main source of income is course. And akshst tops the list
the Airbnb manager will charge commission so can we expect the rental yield to be 6-7% instead of 8-9% , but still the rental yield of 6-7% is also very good . also since we are doing short term rentals the maintenance charges of the villa/flat/property will also be high
On top of that airbnb also takes a cut so we won't get full 5k if we rent out the apartment for 5k
u will get 4 % . NOTHING MORE .. I had done this . against 1 cr today u will get 3k per day after cuts 2k per day x 200 = 4 lakhs .
6-7% if you get then you would have achieved what 99% AirBnB owners could not.
Being host on Airbnb for 7+ years and running 4 properties I feel this video is nice as an Airbnb ad. Not at all educational video and that course is big no no. I'm having second thoughts on his previous finance videos. Is he a real finfluencer. He is technically right but practically nothing makes sense. It's like saying jump from 50 feet you will land on feet or you may break leg or you may die. Only take away from video is rental yield is more in short term rental than long term rental depending on the market. Have lost faith in him after this video
Can you share your learnings?
Then Please share your learning as well..
May i know do you manage properties listed on airbnb? I have two in ncr region and looking for manager for airbnb listed property
Hello im from delhi, may i know where is your property... I can help u find someone apt for the job @@MissingBihar
@@MissingBihar Hi, I would like to connect with you regarding your Airbnb business. I am planning to start an Airbnb rental business but would like to speak to someone already in experienced in this field like yourself.
I am watching this video just because Guruji is giving clarity on this😅
Difficult to make money on Airbnb in Goa. There are better destinations than Goa, where you get visa on arrival. There is plenty of accomodation in Goa that is not getting filled up.
.. When I was abroad , our office team used AirBnB extensively.It was a 30 member team outing and affording hotel rooms for two days would not fit with in our budget, hence we a booked an( church turned aprtment) AirBnB property 😝. We cooked our own food and had great time(dance,party etc..) . This concept is good. Obviously every business has risks and challenges. Liked that 'KB Warriors"
Guruji from gurugram 🎉
Akshat you were very much fond of Sbi card, Hdfc bank etc... I am not blaming, but do you remember the day youbcriticised Saurabh sir. Now its your turn... So be mature when you go up the ladder. Of course you have guided us immensely. But be humble
You saurabh Mukherjee? Did Akshat insult him ?
200 occupy no chance.. Revise calc to 150.. Plus management fee and taxes on.. Math would collapse
Hey akshat ! " clarity for youth " a channel led by AMIT SANGWAN HAD MADE AN EXPOSE VIDEO ON YOU AND on idea OF AIR BNB . He had pointed valid point against you . Could you counter it . According to me he is right In every sense .
Right
Akshat will never rather he can never make a response video to Guruji from Gurugram...
Akshat already countered it with the points below, most silly ones because he doesn't have any answer.
1. He asked for a certificate for being a clarity giver.
2. Have you ever invested in Goa properties ever?
Bro, don't take sides.
Learn from both. I follow both. Both are good from their perspective.
Required lot of clarity from Clarity from no.1 clarity Giver.
Sbi Card is at its support levels, it has not broken it. Remember how Akshat keeps telling about operator's game for FII entry.
u added?
Yes. Yes. Buy. It's a falling comet. Buy on every dip and downward average. 😄
Downward average to zero 😂
@@rudebutgoodmutual funds really 😂😂 mutual funds houses are one of the biggest scammer 😂😂
I really appreciate ❤Akshat's content, although I tend to steer clear of his real estate advice due to practical considerations.
Everybody who bought SBICARDS, HDFC and so on one year ago with his opinion are now wiped out. Now comes new idea from the Boss. ❤
Did you leave out all other stocks and the advise to stay diversified, sell your kidney and bought only SBIcards and hdfc..😂😂
If you want sure shot returns within a year then get an FD.
Did HDFC, SBI cards go down to zero? How did investors in these stocks get wiped out then.
😂
It index 25% up, idfc first doubled, hdfc amc 1.5 times, nifty more than 10% gains and many more. Don’t spread hate. Further, keep holding hdfc and sbi cards and see the gains in 3 years
😂😂👍
Don't get fooled by this person. He has to sell his course and create a content. My uncle who has retired from Navy has a Villa in Goa, not even 2% rental yield. Very few flats/ house/ villa has approx 6% rental yield, very few
Bakwas loc pe hoga property
Else people are not fool to know how to choose and what to look into before choosing a property
ALSO, ITS NOT EVERYONE’s CUP OF TEA TO BE PROFIT CHURNER
DIMAAG BHI TO CHAHIYE
Just coming from a highend position doesn’t make someone smart enough
@@thenortheastkid Kid, you think you will get good location property? Go and try buying and buy.
Matlab galat location oe hai property tumhari @@RajeshSingh-ky2oq
He lives in an area for wealthy people. Locals wouldn't bother people in such places
Don't follow him, but at least listen to him. Always see good part.. He is explaining things in good faith..
Why are you irritated?
Loved the whole video bhai.... Full of knowledge in simple way. 😊🙏
I think its very important at what time you bought the property and what price. I don't found Airbnb property buy today in Goa a profitable business in any sense.
Akshat aisa kya bola ki gurgaon se guruji had to come out with clarificatiry video 😂😂😂. I am so enjoying this tu tu mein mein.
This guy was promoting a big NO to real estate and promoting one now
Not now at least past 1 year
Mamma tune changes..
Akshat class to Sango sir lerehe hain UA-cam pe.😂
Bro have course for everything
Sir can you please show the villa in detail. Please please please. I liked it so much and want to build a house like this in future.
Your video talks about income - what about the monthly/ yearly expenses. What is the net that you can make.
Goa is super crowded and prices have gone through the roof - you can think of all these ideas when you have crores of rupees - for average middle class people these things don’t make sense - loans come with interest - you can’t make money and it’s too risky - such high value investments are super risky and destroy your financials completely
15:38 i watch both of akshath and sango guruji videos and it's good seeing both of u troll each other😂😂😂😂
and Guruji sounds better and logical
Guruji video is out
🤣🤣🤣
He cannot respond to Amit Sangwan the way Amit replies to him on each point.
😂😂😂😂
What about maintenance cleaning after a guest leaves and giving salary to Airbnb manager?
The girl at the end has great comm skills ❤ Nicely explained
🎉🎉 GREAT IN 6:25 FORMATION 🎉
Can we Join in Kerala.
Can give buildings in important places in Kerala.
In certain housing societies, the Residents' Welfare Association objects to operating Airbnb rentals, arguing that it's illegal to do so without obtaining permission from the relevant authorities. Please advise on how to handle this situation.
Exactly.Even of police harass for bribe.
Buy a house not flat
Confusion in maths part: 4:40
4000*200= 8L
And from this also some days it's 3k-3.5j
How come 12L?
He's not talking about HUL anymore!!
Could you give more valuable info on giving the propwrty to operating manager..for eg legal agreements ,who will be supplying the furniture etc..
Akshat, a completely online course would be really appreciated as everyone cannot travel to Goa for a one day workshop. Alternatively, a charge only for the online classes can be communicated.
I would really appreciate your consideration on this.
Quite vague vlog/advise for investment amount more than 1cr. My mother renting out flats in Mumbai for more than 30 years. And even staying close to those properties, it's very difficult to manage them. And here you are giving gyaan on buying property in another state.
But that's your mistake and lack of management skills if u can't manage those properties. I have 9 rentals, and I highly scrutinize my tenants. Looking for long term tenants, Its my most easily managed investment. I have no manager, and I generate 6 figures through rental yield alone. No need for a manager, only a day a month to take rounds, mostly don't even visit the flats. The more you try to be involved, the more you'll suffer. Give the tenants freedom, you don't have to answer to the other flat owners. Take a step back.
Thank you such informative Vidoe looking forward to inperosn session
Hey Akshat,
Spotted you at the BLR International Lounge last week while I was on my way to Dubai.
Wanted to say hi, but it was pretty late midnight. Hope to meet you in person next time.
Can you make a video explaining why Tata Technologies is experiencing a decline?
Please post videos when you used to advice against Residential real estate 😂😂
You have a very constructive discussion today
Let's not forget his main income stream which is rising exponentially, he is doing all this Airbnb after getting almost financially independent. If he has enough to buy 10 airbnbs , he can absorb 2-3 failed airbnbs and still keep going, an average person cannot absorb so much
Gurgaon wale Guruji ne mana kar diya 😅
To hum kya karein? Guys, please clap and give this greate tycoon a standing ovation 👏
Develop Growth mindset!
You can manage AirBnBs in Goa.
There are people with properties, but need help with managing them.
Cleaning, maintenance, add-on services.
Your videos are very interesting and educative. But I still struggle to understand why you did MBA from INSEAD if your target was financial independence through investment & AirBnB business. A lot of people are running multiple AirBnb in Delhi.. without any high education. So it just doesn’t sum up..
Great insights Akshat ! loved hearing it all.
Sir, please make detailed video on credit card industry and on SBI CARDS
@clarityforyouth sango Sir has made some real good points.
Very informational, can you also talk about Airbnb manager costs? How much do they charge to maintain a property? Share in rent or monthly salary?
Gurgaon WALE UNCLE... The Best Funney Part.. I am still laughing ;-)
i like both.. both r correct at their places... we just need to find our way
Hi Akshat, you keep on talking about creating an opportunity fund. Is there any video that explains about how to build an opportunity fund ? The question which am I always concern with creating opportunity fund is the opportunity cost itself of not investing it into let's say market , and feels like I have to time the market to make it work
This one beat me. Full bouncer. If you wish to work a lot while earning peanuts....
Wow thanks bro... Great opportunity discussed ❤
1st 200 days booking is wrong, 2nd wont get as much rents ,
3rd commotion and tax will be leave you with too less.
All the math i did was even i buy a property in loan and my airbnb works fine, still it will take 10yrs to payoff that loan and then it will be profitable.
Do we need to change the electricity tariffs from domestic to commercial? If we start renting one of our room in B&B or Homestay.. please advise
In my society in Goa, Airbnb is not allowed for security reasons. So check first with society first before you invest.
GREAT VIDEO SIR ... NEED MORE FROM YOU LIKE THESE BIZ IDEAS
Airbnb is a good option for short term rentals and can give good return in tier 2 cities too
As someone from Goa🚀🚀 THIS IS GOLD
Sir, please post videos with maximum 10 minutes question only. Please.
Thanks Akshat, need your guidance on point related to tax management. Are you required to have the apartment in the name of your business to be show revenue and expenses.
Another query, as per Goa rules do you require to switch to commercial electricity meters from residential to operate Airbnb?
Hi Akshat, requesting your guidance. Thanks in advance
Apki Sakal dekh ke lgta Tha ki shi advice dete Hoge pr thanks to sebi jisne aise youtubers ko ban kr diya for stock advising
Excellent video. Thanks a lot for sharing your experience!
What a taxes of Goa govt.sir? Hidden charges pls mention
Hey
I live in bhuj. I am interested but no initial cost no property. Yet if you invest in will look after your property. We have 4 season full occupancy during winter. As you may search Rann utsav in kutch Gujarat.
Delh is a decent AirBnB option if you have the right property. It sees a lot of tourists.
Please speak entirely in English than speaking here and there in Hindi.. It helps larger audiences & myself too!
🎉🎉 GREAT INFORMATION 🎉
Guys agar HDFC and SBI cards pe Akshat sir ko 40-50 Lakhs ka loss book bhi hota hai toh koi Farak nahi parega unko. Samag lo apna apna 😢😅
is HDFC a good buy at this price?
Great timing sir! Thanks :) I was exactly looking for guidance on setting up an Airbnb
Please don't listen to his advise. Watch Clarity for Youth for actual reality on Airbnb. He skimmed over many important considerations
2 important expenses not openly disclosed... how much of that short term rental yeild does the AirBnB manager exactly take?? If the propery is making 50k a month..how much will be owners share if its managed by someone else?
2. Exact expense for registering property for short term rental...like why the hell didnt you just share the numbers with examples instead of doing word play 🙄
Hi Akshat, very informative and valuable video. Especially for me (very close to buying my first property/Villa in Goa).
I have a unique question.
I am looking to self-occupy (leisure) the villa for 15-30days and put it on rent for the remaining days. Most likely, this self-stay will be during peak season only (say 15dec-15jan). Now I understand that only the average rental of 200days gets reduced to 170-175days in this case. But since I eat up the peak season; rental yield goes down too.
Overall, is this a good way to approach this business? Or should I keep leisure/ business aspects separate? Please suggest.
Also, any possibilities to connect for a 1on1 "consulting session"? Your insights about the locations etc will be valuable to me. And I really cannot defer it to July24 so would appreciate a paid 1on1 in Feb at your convenience via video/telecon/in-person. Much thanks.
@akshatzayn watch out for imposters from your channel like the one above
Bhai AirBnB is the worst thing you can do in Goa if you are not living there. I have been to Goa 12 times out of which 10 times I have stayed in AirBnB and spoken with multiple owners regarding this coz even I was exploring this option once upon a time,
The summary my analysis is as follows:-
1. Rowdy/Classless/Chhapri Guests will take your cutlery, utensils, household stuff like its their Baap ka maal and included in the peanuts rent that they pay for the BnB and behave as if they are the friggin owners for the 2000-3000 Rs. per night that they paid. Some chors even go to the extent of taking the Batteries out of your remote and stealing your bedsheets.
2. Many A-Holes will smoke, drink, eat on the bed inspite of you requesting them not to and giving them a dining table, sofa, centre table and ashtray etc and they will ruin/burn your bedhsheets, mattresses multiple times in a month for which you have no respite from AirBnB or the tenant.
I kid you not, one BnB owner lady told me that one of her renters was menstruating and left her period stains on her bedsheet. So this also happens. She has to discard and replace her bedsheets atleast once every month and sometimes even more.
3. Getting your property managed in Goa is a whole different nightmare as getting skilled labour who shows up on time is almost like a fantasy over there. If you are living outside Goa then you are at the mercy of the manager who will do the maintenance whenever he feels like coz he is doing 10 other things as well.
4. Not to mention, the innumerable amount of times your fixtures and fittings will be broken, almost every week coz Indians use the stuff of others very roughly and without any consideration whatsoever.
5. Only those who live there and who have good contacts and who are localites have any realistic chance of getting a decent return from their BnB coz in that case the renter is also aware that the owner is watching over me and they will behave accordingly. If the renters find out that the caretakers are looking after checkin and checkout and the owner is out of town/country, then they wont even hesitate to burn the place down. Also being a local has its advantages in maintaining the place as you have the required contacts.
6. In my last Goa trip in Nov 2023, the local lady in whose BnB I stayed in Benaulim was so fed up with the maintenance shit that she told me that after this season, she will rent it out on monthly basis to a long term tenant and not be bothered with this bullshit anymore as this takes up so much of her time/energy/effort and it is not worth it. So imagine when local people who are born and brought up in Goa and lived their whole lives there are not able to handle this nonsense, then an outsider with barely any contacts and not living in Goa has no chance in hell to deal with it.
7. Daarubaaz Guests specially from North India will break bottles in your house, drink near the Society Swimming Pool, play loud music often till late in the night, cause a ruckus in the society, abuse guards and fight with fellow residents and there would be many instances where Police will need to be involved and you know Police waala aayega toh Dakshina lekar hi Jayega. Also you cant control if criminal minded elements are coming in your Home who will do drugs, get Pros in your home and do all kind of anti social and illegal activities.
We Indians have a long way to go to become civilised enough to be renting AirBnBs like the Europeans. So if you are not a person who has some local Corporator/MLA/Police friend and contacts, then you are royally screwed in instances like these which will happen sooner or later.
8. Lastly, even if you deal with all the issues listed above, The return does not justify the hassle at all as the return is almost at par with the rental yield of similarly priced property after cutting all expenses. Reason- Every Maintenance, no matter how big or small is your purview in the AirBnB whereas in the rental property normal wear and tear is looked after by the tenant as he is staying there for the long run. Also you are very well aware and have a long term relationship with the tenant as you do your due diligence by judging where the person works, what is his nature/personality like etc. This you cant control in AirBnB. Peace of Mind is guaranteed in a long term rental whereas the opposite can be expected in AirBnB as you will be dealing with a shitload of issues almost on a weekly basis in peak season. If you are so bored in your life that you want this kind of action and adventure, then by all means go for it.
If you have been able to read till here, then Kudos to you and by now you know that its a foregone conclusion that AirBnB is BIG NO NO. Specially when you are not living in that particular city or you do not have rock solid local contacts and muscle power as well.
@@D.B.Cooper..thanks for this
Airbnb is useful only in areas close to city centre or airport
Any comments on the Chinese market as a whole right now? Also could you share the best ETFs to buy on SIP right now? Thanks 🙏🏽
Sir
Could you please provide suggestion , is nifty mid cap index good or active mid cap fund are good
Similarly for small cap index fund vs active funs
This guy is gonna make everyperson put their homes on Air BNB soon...
🤣🤣
I am not sure if Akshat is becoming aware of the fact that he speaks a lot of Hindi in this channel as well. As a genuine non-hindi speaking follower of him since long time, recent days it becomes very difficult for me to get the full knowledge from his videos. Same goes with this video too.
Fully agree, Same is the case with my colleague from Madurai but he is using this as an opportunity to improve his Hindi 😊 along with knowledge finance
+1, I unfollowing due to this reason
Hindi sheek lo phir.. simple...itna to aana hi chahiye
I am a Bengali but don't have any issues understanding Hindi as well, You can on the subtitles
Instead of yapping you could have turned on subtitles
a quick tip Akshat...pls make your video smaller... most people get attracted to shorter clips then longer clips...for eg i havnt watched this because of the length....nyways love your content/...
increase the playback speed
Akshat wonderful stuff..You make a lot of sense in your videos, I have been following you for a while now..Would you be able to share Prekshas coordinates ?
Bhaiya Indian tourist segment considers in Air BNB just once, hardly a repeat customer. None goes to a vacation where he wants to do everything. People go to vacation to relax not the Household chores.
Your Airbnb’s maths are fine, however, problem lies with 90% of India the airbnb properties that are owner managed, where quality and upkeep is a huge concern. This is in sharp contrast to what you experience in west.
@akshat do you have a video on how to get a licence/taxation/ Airbnb management companies in Goa ?
He will not say because his course will not sell?
@@worldwatchers24x77 Ah... but even if there is a course which explains this il be ready to take
@Straffyboi Go Ahead Sir
hey Akshat I am a host on Airbnb, running the business for last two years in Mumbai and successfully renting out 6 listings, can I get a link of listings?
Hi Akshat..Planning to travel to Goa.. pls suggest ur Airbnb details .. I would like to look it for options to stay
comments section providing more Insights about the topic
Us startup’s know very well when to launch which product if Indian startup’s like Zomato,bigbasket,Ola and other startup’s didn’t existed how can airbnb grow
Ab goa Jana hua to high probability hai k Akshat Bhaiya ka flat book ho jayega unknowingly..😂 jokes apart.. learning a lot from you bhai
Look at the car and bike rental companies in India. You will never make a profit with this kind of business. Numbers will look rosy in excel and ppt but in reality it will be different.
Hey Akshat, is your villa near Varca beach? Asking as I stayed in a place shown in your video.
Sir, could you please help me how to find airbnb manager. TIA
Can you give info about Zion verse , i listened ur advice, i invested but no use, no one is there to answer, this is all looking i wasted my hard earned money, in the name of Lakshmi NFT
It's Laxmi Chitfund 😂😂😂
Dhoka hua Babu bhaiya