Airbnb Businesses Explained. Hosting, Cohosting and Rental Arbitrage business models
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- What is an airbnb business? That is the central question. But first we must answer what is airbnb. What is hosting, cohosting, rental arbitrage and what are short term rentals. We talk about the airbnb software as it should be, a technology. But also about what airbnb created, which is a low barrier to entry in a new peer to peer home share marketplace. We discuss why you may prefer to cohost instead of choosing rental arbitrage or ownership.
#airbnb #airbnbbusiness #cohost
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With cities that don't allow airbnb all you have to do is go right outside of the city limits.
Bro not gonna lie your intro is perfect, you know exactly how long a person attention span last nowadays. To the point it bothers me when other people’s intro are too long. Bravo
You have a great delivery, to the point, but not above or below the general understanding level. I take notes, and stop and start and go again. You keep my slightly ADD attention just perfectly!
Love the information! Are you in Philly often? I would love to meet with you to talk more about Airbnb. I also would to shoot your properties as I am a real estate photographer as well!
Thank you for doing this series! I just discovered this business ideal and I have so many questions so this is just what the doctor ordered.
Today is October 9, 2019. i am just starting this training and will keep a running log via these comments of my progress. I have ZERO experience in the space and am exhausted with "9-5". Lets see how this goes!
I will be following the rental arbitrage system.
Great idea! Today is 11/2/2019. Today I am taking action!
@@rafikiAli Great job, going to follow along with you !!!
@@rafikiAli What city are you in? I am in Atlanta.
@@roluko6496 I'm in Dallas/Fort Worth area.
Roluko started with airbnb in Brazil last month and it is very exciting, will follow tour progress :) keep up
Do you have a list of anti airbnb cities? Also, how does a co-host make money? Do they get paid through airbnb or does the owner of the house pay them via their payment methods?
I have a list in my google cloud. Also the admin Airbnb host pays their cohosts
Great Videos thanks
Also will you do a video talking about taxes ? Please
Wow yeah the 20 cohosting listings is awesome, where it’s one listing per person!!! 💰💰💰
Man, I am so bummed. I've been consuming your TH-cam content non-stop for weeks, since I initiated a deal with the owners of an apartment building in Denver to rent two of their micro units and then start my AirBnB business with them. Love your channel, your story, your delivery, everything. I was ready to move on this and am literally 24-48 hours from finalizing the lease contract with the owners and start listing. Then I discovered that the City of Denver has made the short-term rental business model illegal, and most of the metro suburbs are following suit. I doubt you've experienced this in Texas, but I am curious if you've come across this dynamic in other markets, if you've branched out beyond Texas yet. If so, what are your thoughts? I'm not giving up yet, as I've already established an LLC, and EIN, and a business account for this, but I may have to work outside of my own market to make it happen.
That is brutal. Do you have specifics on what way exactly that it is illegal?
There may only be hurdles and it may still be possible
@@AirbnbAutomated I intend to call the City of Denver tomorrow morning and try to drill down on the specifics, but they have structured licensing requirements such that businesses, LLCs, partnerships, etc are prohibited from operating them, and any individual must prove that the unit is their primary residence, and only accessory dwellings to the primary residence may be used as short-term rentals. It's apparently been an ongoing circus of legislation over the past few years in Denver. I found an article of a couple charged with a felony this last June for fraudulently claiming two separate properties as their primary, renting them on AirBnB and actually living in a third property elsewhere. I have no intention of claiming any properties as my primary residence, since I would like to follow your lead and use the LLC I've established and rent units as a business in order to scale this to 100+ units. I will just have to dig deeper, because there appears to be plenty of hosts in Denver with multiple properties, so they are either doing it illegally, or have found a way around the system.
@@AirbnbAutomated I've confirmed with Denver that this business model is prohibited and the short-term rental game is being legislated to prevent overactivity in that market, allowing only individuals to rent their primary residences, no more.
I believe I have a good idea for how to modify my business model to make this work, without breaking any rules. It requires some sales ability and splitting proceeds with property owners, but I think it could work. Think property management entity but for AirBnB (or VRBO, etc) short-term renters.
what's the difference between your business model and companies like lyric or zencity?
which country except for US is the best for airbnb business?
Please come to Newark NJ and show me how to do this Airbnb please help me out
I have question how many landlords agree to your business model and how many say no approximately?
The better you get the higher the %. At this point I close over 50% of the landlords I talk to
@@AirbnbAutomated amazing :)
Sean, I currently working with a landlord in my first property. He seems more interested in the cohosting opportunity. Do you have a video on how to navigate cohosting? I’m trying to figure out what is a good percentage split. Thanks
did you figure it out?
Hi, I'm in Austin TX and it appears that you will need a license for short term rental and you can only practice short term rental in commercial zones not residential. I'm a bit confused if I will need to obtain a license to practice rental arbitrage or does the license only apply towards the homeowner? If so, I am able to proceed with STR only if the homeowner has this license?
Perfect "channel intro video" .. I'm way past this but I've also been here with you for the last two years ;)
Thanks for being part of the movement!
Taking your advice and changing the intro now
Hi Ryan what state are you working in and did you need to obtain any type of licensing to get started on rental arbitrage? Also how were you able to fund your start up costs? Did you sign under an LLC with a business loan? Angel investors are a bit difficult to commit
Thank you so much
Hey! Love this free content! Very informative, inspiring, and appreciated!!! I’ve created an LLC but I was just trying to figure out how I can make this work if I’m currently unemployed but have a fair amount of capitol to get started with this 3x rent requirement??? Any insight?
Excited to start this journey in 2020! Thank you for the the 2 years worth of vids. Your the man 😎
This is really awesome training, thanks!
I want to do this soooo badly but I’m still too nervous/skeptical, even with the knowledge of Airbnb having a strong history. After binge watching your videos, there’s still a lot questions I have. (It could have been answered already in a video I didn’t watch yet) Like, it just seems too good to be true that people are out there just throwing money at you to stay at a random house for a few nights. I can understand how this is possible if these properties are in high tourism areas, but someone like me who lives in Philly, I can’t see people randomly buying rooms if it’s not in a tourist area. So the question is, do you go for high tourist areas? Does it even matter, and you work with any landlord who okay with this idea? How and why does this have such a high demand? How much money do you need to start? I’m aware you did it with 3k, but what’s the min-max range start up costs? How does one even approach this idea to the landlords? I’m sure these are questions that you already addressed in some of your content but I would appreciate it if they were answered. If you somehow took the time to read this.
Much appreciated, keep up the great vids.
Subbed
Here’s an organized playlist in order of what you need to learn and understand first. Skip ahead to the first video you don’t recognize. Hope this helps
th-cam.com/play/PLjdl1yk0inrX018sTh0IvwxvJsvuqRwFK.html
Same doubts here !
Definitely understand that people love unique stays. Harder with apartments though. Rural property has more potential for glamming treehouses etc...
I Sean. I liked ur channel airbnb automated. I am from Pakistan and host also. I just want to inform u here is growing rate of uses airbnb very high. So can u ask airbnb officials to add Pakistani currency option in airbnb. It will boost airbnb business in Pakistan
love your content
I saw this airbnb, and I must say I am interested but now how do I start as I don't have a property and I'm in SA. Please help 🇿🇦
are you coming to the pacific nw ? i would luv luv to volunteer for one of your events. thx you thx you ! i need your link so i can register on airbnb.
12/19/19 my first day on the training and hope to get things going by new year. Great lesson you are straight to the point. Thank you.
Welcome to the movement!
How’s it going now?
Great content Airbnb Automated and I'm amazed that you're giving it for FREE :) I have a question: So you're business is in the USA, but... are all these rules applying to Europe? If not... someone can recommend an online course that applies for Europe? (I am from Romania)
@@ivantejeda yes I'm interested and it would be helpfull for all european airbnbsters 😍
#1 video there.
Great ! Thx Sean
They just approved short term rentals in Henderson Nevada for October 14. But they said owners have to go to a class and pay $820 per property in order to do it. Does that mean we have to request for the landlord's who lease their house to us to go through that class and pay the $820 before we take over for corporate leasing of their house?
This specifically says the owner and not the operator?
I would imagine this is most achievable with businesses that own multi unit properties because they can have a representative of the LLC or the investment group take that class
Airbnb Automated this is word for word...”To legally operate a short-term rental, homeowners must register with the city, pay a yearly fee of $820, take a class, pay for insurance, and prove compliance with HOA rules.” Might be too much trouble in this city if this is the case you think?
Great video! Thanks again
Yeah advertising by the night
Slept on air mattress before as well Mr. Sean you said you were homeless you think that struggle and life experiences made a big part of the man you are now I look up to what you accomplished and you are willing to pay it forward to us wish you a lot more to come.
You didn't mention about the risks and consequences if the tenants did something illegal in your property.
Are you affraid of using airbnb name on yt and ig due to copyright law?
I speak with airbnb regularly and no one has had an issue with it yet. So at this point no I’m not concerned
Is there a legal way to scale a rental arbitrage business in New York City ?
There could be “legally defensible” ways. I don’t have the secret though.
Airbnb Automated can u lead me in the direction where I may find “the secret”. I’m so frustrated, I’ve been looking everywhere. I’ve been even considering talking to an attorney because there must be a way.
Which are the cities that are completely banned from Airbnb arbitrage?
Just found out today that Denver is one of them. I am two days from signing a two-year lease on two apartments for this. I'm beyond upset.
New York, manhattan? Cool. Yeah I think you can do it out of manhattan.
I live in Vancouver. Best place in the world for this. Life is great :)
Is it possible to scale up in New York City?
I commented on it too early. Cohosting is the answer!
play your guitar for us! ;)
Why is an llc in california $900 a year!!!! This is a big coat
Because everyone starts them in Nevada anyways
@@AirbnbAutomated but you still have to start a foreign llc in California. Is it cheaper that way? I am conflicted . thanks
California is a very business unfriendly state run by socialist politicians. Now they're trying to institute statewide rent control.
@@suncat9 we could use some kind of rent control here. I pay 2k for a one bedroom. 3 years ago it was 1600 in the same development. Its so fucked
I also want to make money on Airbnb .
Thank You for All information....
Is this good/ legal in Orlando ?
Yes. And yes!
Do you have a course?
Course is currently being edited and uploaded. For now there’s 16 hours of free content on this channel. Tons of information, enjoy!
Awesome, yeah a few keen to know your thoughts
Great info. Thanks!
Pro tip: Rent furnished
Alex Jay if you have cash, buy unfurnished. Even after furniture and everything, it's still cheaper
Definitely a good intro switch... is chicago one of those eight cities?
Chicago is Airbnb friendly don’t worry
Airbnb Automated cool, can’t wait until the 15th! Don’t be too expensive for me ok lol
Sean - THANK YOU for your generosity - stay blessed! This year 2020/01/01 I have started my new journey with Short Term Rental Business inspired by YOUR sharing. Greetings from South Africa 🇿🇦 🙏😎
23rd April 2023 is the starting day of my rental arbitrage currier, thanks a lot respected sean. Pray for you.
Hi Can you assist me with pricing my AirBnB properties?
I can. I recommend you start with my pricing strategy playlist
Thank you! Great video!
This is nothing like I thought. Very cool!
Thank you.
Thanks man
Where's the "other side?" I don't see him...
Great content clear and precise
pretty scrappy
I'm poor I need a job, i can do any job to earn money, my family is really poor
Scam business