I do not talk about Airbnb to people who do not do it. I can’t stand when someone doesn’t do it and only repeats what they’ve heard or what they think but it is not from actual experience. That’s like me telling someone how to be a good parent….I don’t have children.
Dave Ramsey speaks to the employee mindset people. It is good, safe, mindless advice. No one is growing wealth following Dave. They're getting a safety net.
Good points. 👍 1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
Adding an STR component to our business expansion model was the wisest move we could make. I really appreciate Rob sharing his experience, expertise, & enthusiasm for this sector. 4:57
I have been renting a mother Inlaw unit at my house for the last 5 years and it’s been great I clean it myself usually just a couple times a week takes me about an hour. It’s not a big deal to me if it’s rented or not. And I am able to make pretty good money. It’s the way to go In my opinion
I prefer freedom over security myself. Why anybody would ask short term rental advice from Dave is already a potential recipe for a disastrous response from him lol.
I was very impressed with DR advise in the past before I became more knowledgeable about finances and investments. I started disliking him because of his attitude. He is so condescending, smug, arrogant and rude. Always calling people stupid among other things. I found other money experts that are more genuine and kind in giving advice.
Everyone I know that quotes Dave Ramsey is broke. Why is that? They don't have any true understanding of how to develop and accelerate generational wealth responsibly. He paints this picture of leveraging debt as being the worst idea ever. I get frustrated trying to help my family out with investing in real estate when they have the Dave Ramsey mindset, their Achilles heel. If I had listened to naysayers like Dave, I would be way behind the retirement curve.
Hmmmm then again look at all the tech start ups who don’t even produce a profit to this day and maybe he’s onto something. Not to mention the collapse of the tech banking sector and cryptos.
@@glenn7721 obsoletely? I was commenting to the person who made the comment above, which I believe the word you met to use was it absolutely had to do with the comment on Dave, not the video that Rob made about Dave when Dave never attacked Rob, but thanks for getting involved with your useless comment
@@stevenashwood1090 It was your comment that was useless. Had nothing to do with the conversation. It was you who got involved when it was not needed.😆
Rob, you were WAY too nice! DR is so arrogant and condescending. If anyone wants to deviate from his self-serving advice he will rip them to shreds. He is a very smart businessman though. He's somehow managed to take a postcard worth of the most basic personal financial advice and turn it into 20+ books, a radio show, a multimillion-dollar company.
Agreed! He has gotten way worse through the years! He thinks he is KING DONG and all his family is ROYAL. Anyone who disagrees with him is an ungrateful peasant.
@@sanjayaiyar4351 That is very true. They just wing it! This is often true even among well educated high wage earners. There's a strange disconnect it seems.
@@77Tadams The irony is that attitude is what got him into trouble at 26 when he lost everything. He was a young hotshot realtor/investor who thought he knew it all. 🤦♂️
Excellent points. 👍 1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
First of all.. I myself, can not stand Dave Ramsey, however I fully agree with him this time. I will never do airbnb again with my properties. It's a nightmare, and all the automation you talked about is easier said than done. Very hard to find a good and always available when you need cleaning crew. And cleaning is the most, most important part of airbnbing. Hand man, almost impossible. And that's not even talking about the airbnb platform with no support what so ever to hosts, yet with so many demands on the hosts. All they care about is the guests, no matter how bad these guests have behaved previously on other properties. If you reject guests, they will ask you a thousand questions and wants to know the why for your decisions, plus threat to close your account if you reject too many times. A nightmare. Never again, not for me.
You have to realize that Dave's audience is the least common denominator. So his advice isn't necessarily the "best" way to do things, but it's the best way for lazy, unmotivated, non self starters that will never follow through with anything to do something. His show is about fixing problems and is definitely good for that. But once you're on track, you've got to move on to something to actually grow wealth and that is not his gig
I agree. 👍 1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
I used to listen to Dave Ramsey and followed his steps. I lost all respect for him and no longer follow him... He said he evicted his tenants to raise the rental rates, not because it's his doing, but because it is the markets doing. At the very least, he should own his greediness.
Well done - good explanations. Ramsey has a nasty habit of crapping on things he doesn't know the ins and outs of... the upside, even when you're doing work, is better than trying to find passive options while working a job.
I agree with your points. 👍 1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
A caller mentioned a gofundme for a kid with cancer, he never heard of it and immediately started saying it was a scam. It look about 15 minutes of having it explained to him before he “allowed” it.
An out of state investor purchased a home next to me at the height of the market and listed it on airbnb. They must not have done their homework as airbnb is not legal in my area. They started getting fined $1000 per day until they finally took it off airbnb. Its been sitting empty for about 4 months now. Gotta check those laws for sure.
I agree you have definitely been transparent with the work that goes in and the struggles and I really appreciate hearing those stories. Also your story telling is amazing, please bring back more of those crazy tales. 🐻
Rob is Right on! I especially like the carpet replacement fallacy. My wonderful wife & I have owned 2 ski resort STRs in Magnificent Mammoth Lakes for 21 & 18 yrs. Of all places that could need carpet replacement, it would be in a place that averages close to 400 inches of snow a year. Yes - 400, right now they just broke the 600-inch mark!! We also own long-term rentals in Sunny So-Cal. The BIG WINNER in LE$$ carpet replacement is Magnificent Mammoth Lakes.
The problem with Dave Ramsey is that whenever he steps out of his lane, he talks nonsense. Want to know how to fairly quickly and methodically get yourself out of credit card debt, then he's your man. But other than that, he's rubbish.
Dave's Financial Peace university is great for getting people that have made bad financial decisions get out of the hole. That said I disagree with him on debt and Airbnb/STR. I automated everything like Rob suggests & it's been going great. ALSO! Turno now integrates with Guesty For Hosts! More automation! 😊
You changed the title of his video. I just found that video on his channel and he never mentioned you and the title is 3 problems with Airbnb. Your videos are great but you don't need to make fake edits like this. There are a ton of videos on here of Airbnb damage and even though you have been lucky with your guests because of the way you manage/ select them.
I'm generally not a fan of what DR says about the housing market as he's a permanent bull. However he's correct on AirBnB. Short term rentals and finance bros with 20 mortgages will lead this coming correction. Easy money is over and reality will smack them in the face. Best of Luck.
Dave has a place in the financial world but it has a ceiling that minimizes Risk and unfortunately it hurts his desire to provide advice that goes out of that safe zone but what do I know he’s the multimillionaire…
Being mean to vulnerable people is never ok. But the thing that bugs me the most about Dave Ramsey is that he doesn't suggest first that you question the system that makes so many people poor. He has you going through extreme deprivation without suggesting that you call the credit card company first and try to get a better rate or use the system by getting another card with lower interest and transferring the amount or questioning why you have the medical debt, etc. Assuming that people are in debt because they are either stupid or weak or not deserving is more the mindset. It doesn't surprise me that he is so limited on this issue.
Excellent points. 👍 1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
My Air bnb guests hardly ever mess up anything (now pillowcases and washcloths, I buy in bulk haha) I've had long term renters cause over 20k in damages. Worst Air bnb was a party with $800 additional cleaning fee and 2 lamps. I vote Air bnb!
...but Rob, there is only so much of the job that automation can alleviate. 80-percent sounds high to me. You still need to manage it. And, that's just one aspect of being in the STR biz. As a 20-Year Veteran Owner/Host, I agree that it can be a hassle. It's certainly not passive. It is a 24/7 job. It's not partiers per se who are the problem. I agree they are the exception. It's everyday folks who outside of their own homes can be problematic. Their filters fail to work. I have had a fist put through a bedroom door. Quartz Countertops ruined by Guests placing hot pans directly on them. The frames of bicycles bent! Headboards pulled off of walls. Before everyone carried a cell phone, I had a computer and printer in the house for Guest use. I was always calling a tech out to debug that system. These days, I only provide a desk and WiFi. My appliance repairman is on 'speed dial.' Guests are always abusing the refrigerator and dishwasher. On his last trip out, the dishwasher was found blocked up with cherry stems?! I could write a book. Suffice to say, as much as I am pro STRs, it's not for everyone. I think a lot of investors jump in with rose colored glasses on. They should be considering the cons before committing. Again, it can be a hassle. However, running an STR business also can be very rewarding. As they say, 'Buyer Beware.'
WOW!! And you have a co-signed on Mr. Ramsey a time or two. I think David should have called Rob not Dave!!! Duh??? But the most important take away from this video is that your co-host is soooooo much CUTER than you!!! HA! 2nd that insert of Nick Cage = I'm dead!! Lastly someone who does not walk in your shoes should not give opinions on what they feel like. Nuff Said!!! LOL!!! Rob Rules!!! Dave Drools!!!
My issue with Mr. Dave Ramsey is that his teachings push and encourage people to have a slightly above comfortable life. His teachings will provide peace financially if you follow them but very few will achieve true wealth. Take the food from Dave and leave the bad. Good financial advice when educating oneself for anyone 😎😎
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios. 2. He markets unrealistic near-zero risk entrepreneurialism. 3. He markets to people who are financially illiterate. 4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security. 5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
who cares what Dave has to say (I like Dave) I get the same crap from people telling me about how bad rentals are. as a low income person I turned a $5000 cash advance into $400K in Real estate and there rented for $3300 a month Keep up the good work Rob you know what you are doing
I like this video for the alternative points of view, I also think you're better than this, Rob, you're kinda throwing some low blows here.. come on, Dave Ramseys head on Cartmans body? yes its a little funny, yet, quite uncouth. seems like you're kinda getting defensive. you dont need to defend yourself! we trust you.
Aww. Is Davey Wamsey afwaid of a widdle work? I mean, people like him do say nobody wants to work anymore.... oh well, maybe he's just too busy giving poor people bad advice that keeps them in the lower class where he thinks they belong.
Ramsey just answers it for himself. Doesn’t ask the caller what it is that the caller enjoys doing in providing service to other people. It’s a hassle to Ramsey. Well, who cares?
Dave Ramsey is old school. Different mindset, Cannot comprehend the younger generation. Most of my baby boomer friends have an aversion to everything new to making money 💰
Dave Ramsey usually gives terrible advice. He steers people away from leveraging loans, even the super low cost ones. Now people have no cash because of his advice and have to leverage expensive loans.
to get you to make a comment like this so the video gets more engagement. TH-camrs will often use this tactic of hiding things in videos to get more engagement. Brilliant move Rob. Well done. lol
Thanks for this video Rob! I actually had seen this video from Dave Ramsey not that long ago and I was disappointed. I do have respect for Dave and what he has done for so many (got me and my wife out of debt in our first two years of marriage), and was surprised by his thumbs down look at STRs. Thanks for your balanced approach and your respectful agree to disagree attitude. I wanted to prove him wrong with all his points, but you even tried to agree with him on some of it, especially point 3. Good work and good stuff!
I think Dave is right on, STRs are more work, they do get worn down more and leverage isn’t going to be a good strategy for this next part of the economic cycle. I get that your biased toward STR but his advice is solid for the next 5 years.
LEVERAGE. I would love a video detailing such. Always shocked when folks add multiple properties per year. It's a major disconnect in my mind. Thanks Rob!
Dave Ramsey's problem is he is old, set in his ways and totally risk adverse. And that works for some people but for Dave to pass off his advise as gospel is a disservice to anyone listening, where's the balance Dave? I do however admire his tan and perfectly sculpted beard lines.
People tend to dive in business with out knowing a thing about it. Worst they ask for advise to people that know nothing about it. Man do not teach them.
I don't automate anything. I set reminders on my phone to email and text guests. I spend an average of about 2 hours a week dealing with my condo and I net about 30K+ a year. 4:45 I agree with that. No business with family. Hire a cleaner and find plumbers/electricians/HVAC people that you can call at any time. 6:45 The worst thing that has happened was they broke the glass out of my coffee table. It cost me $125 to replace. The guest offered to pay for it but I told them I would just consider it a cost of owning a condo.
I had a renter replace my carpet when he moved on because his dad owned a carpet. However, six months later he left me the carpet destroyed by his dogs.
I do not talk about Airbnb to people who do not do it. I can’t stand when someone doesn’t do it and only repeats what they’ve heard or what they think but it is not from actual experience. That’s like me telling someone how to be a good parent….I don’t have children.
@Robuilt.Yes lets😂
@Robuilt. You need my cc #?
Dave Ramsey speaks to the employee mindset people. It is good, safe, mindless advice. No one is growing wealth following Dave. They're getting a safety net.
Nailed it 👍🏽
yep you called it
You said it better than I could, and nicer than I would lol.
Disagree
Good points. 👍
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
Adding an STR component to our business expansion model was the wisest move we could make. I really appreciate Rob sharing his experience, expertise, & enthusiasm for this sector. 4:57
I have been renting a mother Inlaw unit at my house for the last 5 years and it’s been great I clean it myself usually just a couple times a week takes me about an hour. It’s not a big deal to me if it’s rented or not. And I am able to make pretty good money. It’s the way to go In my opinion
I wish I could get $650 for plunging toilets. Mine clog up every week. But I use a snake which works much better than a plunger.
Ever see the one where he says your can’t patch plaster and lath you have to redo the whole wall …. Funny
Thank you Rob for your thoughtful responses to some valid arguments.
Body disposal ---LOLOOOLLLLLOOO
the search bar 🤣
I am trying to get a HELOC on my STR stuido it's paid off $0 mortgage. Why I am getting the run around.
I prefer freedom over security myself. Why anybody would ask short term rental advice from Dave is already a potential recipe for a disastrous response from him lol.
"How to get Chipotle out of underwear" 🤣
Glad I'm not the only one who noticed this lol
For an individual with one house would having a management company manage your one house as Airbnb still be profitable?
I was very impressed with DR advise in the past before I became more knowledgeable about finances and investments. I started disliking him because of his attitude. He is so condescending, smug, arrogant and rude. Always calling people stupid among other things. I found other money experts that are more genuine and kind in giving advice.
I love the subject of Dave's TH-cam video 😂😂😂😂
Ugh Dave Ramsey is so arrogant and judgemental, his attitude makes my skin crawl. Can barely get past that to hear what his message is.
Two and a half hours is a long drive to go snake a toilet.
the average working class person cant even save up for a down payment anymore....never mind buy five houses cash
I can't stand DR. He is so clueless on multiple topics. Especially when it comes to Real estate.
Everyone I know that quotes Dave Ramsey is broke. Why is that? They don't have any true understanding of how to develop and accelerate generational wealth responsibly. He paints this picture of leveraging debt as being the worst idea ever. I get frustrated trying to help my family out with investing in real estate when they have the Dave Ramsey mindset, their Achilles heel. If I had listened to naysayers like Dave, I would be way behind the retirement curve.
To be fair, Dave Ramsey is wrong about a lot of things...
Dave Ramsey is wrong about a whole lot of things
The search bar above the Ramsey videos.. Lol! "how to get Chipotle out of underwear?" great video Rob!
Dave perpetually lives in 1978; extremely dated philosophy and not up with current markets.
Hmmmm then again look at all the tech start ups who don’t even produce a profit to this day and maybe he’s onto something. Not to mention the collapse of the tech banking sector and cryptos.
@@stevenashwood1090 And all that cheese in China. What about it? Oh, wait, that has obsoletely nothing to do with this video.
@@glenn7721 obsoletely? I was commenting to the person who made the comment above, which I believe the word you met to use was it absolutely had to do with the comment on Dave, not the video that Rob made about Dave when Dave never attacked Rob, but thanks for getting involved with your useless comment
@@stevenashwood1090 It was your comment that was useless. Had nothing to do with the conversation. It was you who got involved when it was not needed.😆
Rob, you were WAY too nice! DR is so arrogant and condescending. If anyone wants to deviate from his self-serving advice he will rip them to shreds. He is a very smart businessman though. He's somehow managed to take a postcard worth of the most basic personal financial advice and turn it into 20+ books, a radio show, a multimillion-dollar company.
Agreed! He has gotten way worse through the years! He thinks he is KING DONG and all his family is ROYAL. Anyone who disagrees with him is an ungrateful peasant.
It’s funny how all the advice you need fits on a post card, yet 75%+ still can’t seem to have the discipline to follow it…
@@sanjayaiyar4351 That is very true. They just wing it! This is often true even among well educated high wage earners. There's a strange disconnect it seems.
@@77Tadams The irony is that attitude is what got him into trouble at 26 when he lost everything. He was a young hotshot realtor/investor who thought he knew it all. 🤦♂️
Excellent points. 👍
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
First of all.. I myself, can not stand Dave Ramsey, however I fully agree with him this time. I will never do airbnb again with my properties. It's a nightmare, and all the automation you talked about is easier said than done. Very hard to find a good and always available when you need cleaning crew. And cleaning is the most, most important part of airbnbing. Hand man, almost impossible. And that's not even talking about the airbnb platform with no support what so ever to hosts, yet with so many demands on the hosts. All they care about is the guests, no matter how bad these guests have behaved previously on other properties. If you reject guests, they will ask you a thousand questions and wants to know the why for your decisions, plus threat to close your account if you reject too many times. A nightmare. Never again, not for me.
You have to realize that Dave's audience is the least common denominator. So his advice isn't necessarily the "best" way to do things, but it's the best way for lazy, unmotivated, non self starters that will never follow through with anything to do something. His show is about fixing problems and is definitely good for that. But once you're on track, you've got to move on to something to actually grow wealth and that is not his gig
I agree. 👍
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
I used to listen to Dave Ramsey and followed his steps. I lost all respect for him and no longer follow him... He said he evicted his tenants to raise the rental rates, not because it's his doing, but because it is the markets doing. At the very least, he should own his greediness.
Well done - good explanations. Ramsey has a nasty habit of crapping on things he doesn't know the ins and outs of... the upside, even when you're doing work, is better than trying to find passive options while working a job.
I agree with your points. 👍
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
A caller mentioned a gofundme for a kid with cancer, he never heard of it and immediately started saying it was a scam. It look about 15 minutes of having it explained to him before he “allowed” it.
HIDE tv remotes and CREED posters😁 Caleb I am sending help
An out of state investor purchased a home next to me at the height of the market and listed it on airbnb. They must not have done their homework as airbnb is not legal in my area. They started getting fined $1000 per day until they finally took it off airbnb. Its been sitting empty for about 4 months now. Gotta check those laws for sure.
I agree you have definitely been transparent with the work that goes in and the struggles and I really appreciate hearing those stories. Also your story telling is amazing, please bring back more of those crazy tales. 🐻
Rob is Right on! I especially like the carpet replacement fallacy. My wonderful wife & I have owned 2 ski resort STRs in Magnificent Mammoth Lakes for 21 & 18 yrs.
Of all places that could need carpet replacement, it would be in a place that averages close to 400 inches of snow a year. Yes - 400, right now they just broke the 600-inch mark!!
We also own long-term rentals in Sunny So-Cal. The BIG WINNER in LE$$ carpet replacement is Magnificent Mammoth Lakes.
The problem with Dave Ramsey is that whenever he steps out of his lane, he talks nonsense. Want to know how to fairly quickly and methodically get yourself out of credit card debt, then he's your man. But other than that, he's rubbish.
Dave's Financial Peace university is great for getting people that have made bad financial decisions get out of the hole. That said I disagree with him on debt and Airbnb/STR. I automated everything like Rob suggests & it's been going great. ALSO! Turno now integrates with Guesty For Hosts! More automation! 😊
You changed the title of his video. I just found that video on his channel and he never mentioned you and the title is 3 problems with Airbnb. Your videos are great but you don't need to make fake edits like this. There are a ton of videos on here of Airbnb damage and even though you have been lucky with your guests because of the way you manage/ select them.
Lol yeah that was a joke 😂😂
I'm generally not a fan of what DR says about the housing market as he's a permanent bull.
However he's correct on AirBnB. Short term rentals and finance bros with 20 mortgages will lead this coming correction. Easy money is over and reality will smack them in the face.
Best of Luck.
Dave has a place in the financial world but it has a ceiling that minimizes Risk and unfortunately it hurts his desire to provide advice that goes out of that safe zone but what do I know he’s the multimillionaire…
Being mean to vulnerable people is never ok. But the thing that bugs me the most about Dave Ramsey is that he doesn't suggest first that you question the system that makes so many people poor. He has you going through extreme deprivation without suggesting that you call the credit card company first and try to get a better rate or use the system by getting another card with lower interest and transferring the amount or questioning why you have the medical debt, etc. Assuming that people are in debt because they are either stupid or weak or not deserving is more the mindset. It doesn't surprise me that he is so limited on this issue.
Excellent points. 👍
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
1st rule of Robuilt: do not steal the stove.
2nd rule of Robuilt: DO. NOT. STEAL. THE STOVE.
Ty Real Estate Robinsons. Sorry that happened Robert.
Does anyone notice the search bar on TH-cam?? How to get chipotle out of underwear... hahahah valid question!!! Lol
The things I notice when I'm not paying full attention lol
My Air bnb guests hardly ever mess up anything (now pillowcases and washcloths, I buy in bulk haha)
I've had long term renters cause over 20k in damages. Worst Air bnb was a party with $800 additional cleaning fee and 2 lamps. I vote Air bnb!
Lol Dave Ramsey 😂😂😂 Rob is the 🐐
He's wrong about A LOT of things. It's an old school approach and works for people who have no idea what they're doing with their money
I live in LA and we run an Airbnb in Cabo San Lucas and it has no problems 😎
My goal! 👍🏽 or Cancun
...but Rob, there is only so much of the job that automation can alleviate. 80-percent sounds high to me. You still need to manage it. And, that's just one aspect of being in the STR biz.
As a 20-Year Veteran Owner/Host, I agree that it can be a hassle. It's certainly not passive. It is a 24/7 job.
It's not partiers per se who are the problem. I agree they are the exception. It's everyday folks who outside of their own homes can be problematic. Their filters fail to work.
I have had a fist put through a bedroom door.
Quartz Countertops ruined by Guests placing hot pans directly on them.
The frames of bicycles bent!
Headboards pulled off of walls.
Before everyone carried a cell phone, I had a computer and printer in the house for Guest use. I was always calling a tech out to debug that system. These days, I only provide a desk and WiFi.
My appliance repairman is on 'speed dial.' Guests are always abusing the refrigerator and dishwasher. On his last trip out, the dishwasher was found blocked up with cherry stems?!
I could write a book. Suffice to say, as much as I am pro STRs, it's not for everyone. I think a lot of investors jump in with rose colored glasses on. They should be considering the cons before committing.
Again, it can be a hassle. However, running an STR business also can be very rewarding. As they say, 'Buyer Beware.'
WOW!! And you have a co-signed on Mr. Ramsey a time or two. I think David should have called Rob not Dave!!! Duh??? But the most important take away from this video is that your co-host is soooooo much CUTER than you!!! HA! 2nd that insert of Nick Cage = I'm dead!! Lastly someone who does not walk in your shoes should not give opinions on what they feel like. Nuff Said!!! LOL!!! Rob Rules!!! Dave Drools!!!
My issue with Mr. Dave Ramsey is that his teachings push and encourage people to have a slightly above comfortable life. His teachings will provide peace financially if you follow them but very few will achieve true wealth. Take the food from Dave and leave the bad. Good financial advice when educating oneself for anyone 😎😎
1. Dave Ramsey markets pessimism for anything that doesn’t conform to his idealistic scenarios.
2. He markets unrealistic near-zero risk entrepreneurialism.
3. He markets to people who are financially illiterate.
4. Reviewing his own personal entrepreneurial history, he did not adhere to the restrictions he now preaches to others to attain his own financial security.
5. When listening to Dave Ramsey’s advice, proceed with caution. 🚨
who cares what Dave has to say (I like Dave) I get the same crap from people telling me about how bad rentals are. as a low income person I turned a $5000 cash advance into $400K in Real estate and there rented for $3300 a month Keep up the good work Rob you know what you are doing
I like this video for the alternative points of view, I also think you're better than this, Rob, you're kinda throwing some low blows here.. come on, Dave Ramseys head on Cartmans body? yes its a little funny, yet, quite uncouth. seems like you're kinda getting defensive. you dont need to defend yourself! we trust you.
Body disposal lol😂. That had me rolling. There’s certainly no automating that 😂
Aww. Is Davey Wamsey afwaid of a widdle work? I mean, people like him do say nobody wants to work anymore.... oh well, maybe he's just too busy giving poor people bad advice that keeps them in the lower class where he thinks they belong.
Ramsey just answers it for himself. Doesn’t ask the caller what it is that the caller enjoys doing in providing service to other people. It’s a hassle to Ramsey. Well, who cares?
Not sure why people follow Ramsey. I can tell you what his advice will be for every scenario: get a job, work there 30 years, don't buy anything
Would love to see a video about leverage. I really need help in this area! Thank u!
Dave Ramsey is old school. Different mindset, Cannot comprehend the younger generation. Most of my baby boomer friends have an aversion to everything new to making money 💰
I’m cash flowing almost 2500 a month off my short term rental and I work full time, I maybe spend 10 minutes a week on my str
“Dave Ramsey called me out.”
Um. He doesn’t know you.
Narcissist much?
Dave Ramsey is helpful. Listening to him help me find more helpful sources 😂 to create wealth
Dave Ramsey usually gives terrible advice. He steers people away from leveraging loans, even the super low cost ones. Now people have no cash because of his advice and have to leverage expensive loans.
Hahahahahah😂 this kills me. Ahhh Dave. Sigh
Let’s not pretend that you got in to STRs a long time ago and now the home prices don’t allow for the income that you make in the current market
"How to get Chipotle Out of Underware" ROFLMAO!
Your mini assistant is little cutie, looks like dad, future STR entrepreneur?
That why Rich dad said “Dave Ramsey is a f-ing idiot” 🤣🤣🤣🤣
Looking forward to the workshop! Just found you a month ago and can’t stop listening to your content! Thank you!
I’ve never cared for Dave’s recommendations
Rob, do you have any video on the use or pricelabs or the likes of it?
I hate Dave Ramsey, he's like Dr Phil of economics
Dave Rsey is d school and from a different generation.
Ramsey gets a lot of things wrong.. some things right :)
Listen to daddy you are just a kid. Get put straight
Why does it say, "How to get Chipotle out of my underwear" on the search bar?
Rob has some wild Airbnb parties
to get you to make a comment like this so the video gets more engagement. TH-camrs will often use this tactic of hiding things in videos to get more engagement. Brilliant move Rob. Well done. lol
Sorry Dave your wrong on alot of what your saying
I wanna hear about leverage! :)
How can I find your Arizona Airbnb?
What is the link to the original video?
My Airbnb is upstairs.
Thanks for this video Rob! I actually had seen this video from Dave Ramsey not that long ago and I was disappointed. I do have respect for Dave and what he has done for so many (got me and my wife out of debt in our first two years of marriage), and was surprised by his thumbs down look at STRs. Thanks for your balanced approach and your respectful agree to disagree attitude. I wanted to prove him wrong with all his points, but you even tried to agree with him on some of it, especially point 3. Good work and good stuff!
I think Dave is right on, STRs are more work, they do get worn down more and leverage isn’t going to be a good strategy for this next part of the economic cycle. I get that your biased toward STR but his advice is solid for the next 5 years.
gotta love common sense
LEVERAGE. I would love a video detailing such. Always shocked when folks add multiple properties per year. It's a major disconnect in my mind. Thanks Rob!
Dave Ramsey's problem is he is old, set in his ways and totally risk adverse. And that works for some people but for Dave to pass off his advise as gospel is a disservice to anyone listening, where's the balance Dave? I do however admire his tan and perfectly sculpted beard lines.
I agree with DAVE
I don't like Airbnb's either but this just seems irresponsible for Dave to talk generally about it rather than be specific to the callers situation.
Lol Body disposal 😂
He don’t understand
lol Ramsey probably has half a dozen Airbnbs on the side and doesn't want any competition from his followers.
People tend to dive in business with out knowing a thing about it. Worst they ask for advise to people that know nothing about it. Man do not teach them.
How to scale your portfolio using leverage video please! Thank you
I disagree with Dave Ramsey on nearly everything financial related.
I agree to the long term renters, those guys could really cause some damage if they do not take care of your stuff
Dave Ramsey doesn’t know jack about body disposal
I learned so much from this!
I don't automate anything. I set reminders on my phone to email and text guests. I spend an average of about 2 hours a week dealing with my condo and I net about 30K+ a year.
4:45 I agree with that. No business with family. Hire a cleaner and find plumbers/electricians/HVAC people that you can call at any time.
6:45 The worst thing that has happened was they broke the glass out of my coffee table. It cost me $125 to replace. The guest offered to pay for it but I told them I would just consider it a cost of owning a condo.
I had a renter replace my carpet when he moved on because his dad owned a carpet. However, six months later he left me the carpet destroyed by his dogs.
If you only have one the reminders work. What if you had 20?
@@lindseysevert1199 What are you talking about?
@@jaimeavakarianvillamonte744 So, long term renter? Replaced the carpet when he moved out or in?
@@glenn7721 you said you use reminders instead of automation. I was asking what you would do if you had 20 listings.
Would love to hear more about scaling through leverage!
I’d love to hear how you’re leveraging your portfolio.
OK, BEST opener you've ever done! :D
I would like to see that video about leverage