Due to your advice and pricing strategies, our main rental has been booked over 300 days this year. We just have to fill up November and half of December. Thanks for everything Sean.
Hey Sean, guess what? I just put in a monthly discount on my listing and hours later got a booking for 1 month! Thanks for the tip! You are the true MVP in the short term rental space! Thank you
Man... I made a HUGE mistake and hired Evolve to get me bookings. After 4 weeks they got me ZERO bookings and my calendar was blocked off (to prevent double bookings) starting Sept 1. So I fired them about a week ago. Fortunately I had gotten a couple of longer stays and some smaller bookings for August and we finished with around $23,000 for 7 doors. But Sept had nothing (except for one of my places)... Big. Fat. Goose Egg! As of now, one of my units is on fire (I did not relinquish this one to the Evolve crew) and I have a full house for my 6 plex in Cocoa Beach for Labor Day. But after that is slim pickens (really slow for most of us here in Cocoa Beach). I am grateful I found this video and will implement the notes that I took. Thank you Sean!
"Do not run out of CASH!" Boy, we all learned that lesson thanks to COVID. I have now increased my Rainy Day Fund significantly. As always, mahalo for the lesson.
Loved the video! Currently I am cleaning an Airbnb and want to begin managing it! The host is happy about this as well but I want to present why picking me to manage their property over big companies is a better choice! Also, I want to learn more about providing experience to the guests stays ! Look forward to hearing what you have to say! Also, at what percent do I ask for or would a percentage number move according to how successful I am at booking the place?
Pure value Sean! Use game theory, implement dynamic pricing strategy to account for seasonality, deploy pattern interruption to engage future potential guests with discount strategy.
Hey Sean, great videos! I've got a question for you (and other fine people here), what about STARTING an airbnb rental business during the low season? I'm currently getting my ducks in a row to start my business and would like to get it running soon, say october, but that will be the start of the low season here (low months are very similar to your Philly market). I get that it could be easier for me to pick up properties to start because of lower local demand, but I'm afraid to loose a lot of money during the first months because I won't have the credentials of an establised listing. Thoughts?
Hey Sean, I have my first airbnb that I just listed. We had 3 stays with great reviews, but are struggling to get bookings even with low prices and one night minimum. It is definitely the slowest season. Any tips?
Hi Sean! Thanks for your content! About to start a rental arbitrage in San Diego this month. A little scared since it's technically slow season but it might be offset because it's a really nice PH. Any reccos? PS - your link for 1 on 1 coaching isn't working!
Some of your advice is great for the owners but terrible for the cleaners. I run a vacation rental cleaning company and long-term stays really mess with my ability to keep a strong crew on board. Super fast way to lose your cleaning/guests contact team.
I see your point but this video is not a video on how to make your housekeepers happy we have discussed the importance of housekeeper retention in other videos but this video is meant to solve a specific subject in a vacuum
@@AirbnbAutomated It's not about keeping your housekeeper's happy! You're right it's about keeping them employed! I have now written it in the contract before a home comes on bored. No long term stays without a mid stay cleaning. Just sharing information.😊 I like your videos and I think you give great advice. I just feel like the cleaners get forgotten about since I deal with that end professionally. Thank you for responding back.
In the specific video yes we are not considering the dynamic of the relationship between cleaners and the host because hosts can have many types of cleaner relationships where you are simply contracting out a large third-party company or you are employing them by the hour. Navigating that nuance is a complex topic for an entirely different video. Thanks for giving me something to think about
As a newbie I just watched a couple of your videos. Great ideas. Looking forward to implementing some of them in Serbia. One suggestion, though, I feel visual aids for some of what you are explaining could go a long way. I found myself backtracking several times to make sure I understand the explanations, which would be much more clear if I could see the actual example you are explaining.
I heard a lot about your pricing strategies but I CANNOT believe no one ever told me you were a Harry Potter fan. SMH. Came for the tips and stayed for the Potter cracks.
Hi Sean can you make a video on STR insurance. Like proper? Do you recomend it. I had a slip and fall in my pool house. Luckily the lady didn't sue but it got me curious to know if AIRBNB would cover.
I love the timeline of topics at the bottom of your video screen. Would you be considering putting timestamps in the description to match that? Timestamps are hyperlinked and allow viewers to jump right to the section. As always, outstanding video!
@@AirbnbAutomated - I want to join your student-base and be your poster-child coming out of Chicago. I have binge watched a TON of your videos and have limited capital to start, but I've been preparing for your mentorship. I have created a Business GMail account, a Business Instagram account, a Business Facebook account and now need help with establishing an LLC so I can do what you do full-time starting (yesterday). I have free time now and not working, so I can jump in. Watching you're "slow season" video and I'm wondering if I should use Chicago as my first property acquisition market or if I should look somewhere across the country. I saw that you started your first property ever for about $4,000. That's what I'm looking at, about $4,000 startup. I also seen another video where you say that there are some tips and tricks for possibly getting properties that are already furnished or that have been used as a prior rental arbitrage. The big final conclusion here is, that I don't have beyond $4,000 to start up, HOWEVER...I do have cushion funds that I may be willing to use for my first property if it means at least starting off with one major mamajama property. What I mean by MamaJama property...what would it take for me to get one single property that can get me net-profit of $3,000 per month all year round'ish after all is said-and-done? Is the answer to that a $7,000 start-up cost? An $8,000 start-up cost just to hit that $3000k/month (or so)? I'm willing to explore. Perhaps a $1800 to $2000 per month (per unit) net profit would also be great if I then had two of such properties, because then that could potentially be $4/month net. The only curiosity is what it would cost to be your student just to start me off in a matter of a week or so because that mentorship cost will have to also be factored into my overall start-up cost. All I know is.....I need this really bad. And fast for private reasons that I can tell you away from this public forum. I'm ready now. Just need to know how go start an LLC because I want to market myself as a business entity and scale from there on. We love you so much, bro..... you're an angel on this earth to so many people.
I would say if you started immediately you do have some months of time or Chicago would be good if you start in a few months it would be right before their worst months which would be not ideal but then the spring in Chicago would be perfect
Fantastic video Sean. topic for a future video-how would you deal with local regulations which are becoming tougher and tougher on Airbnb hosts? A town where I have two properties recently required a STR license and a 2 night minimum. Now they are talking about limiting the number of licenses that they will issue. Any suggestions on combating this?
I've adopted some tips form this channel and really cant complain. Someone just booked my apartment for a record price, for me it was insane. It was all about 1 day availability and long stay discounts.
I don’t have an AirBNB but we do have an RV and I almost sold it back cause we only used it once in 6 months but then the agent who sold it to me told me to rent it. We made $4200 in 6 months (it paid the RV for 12 months) with absolutely no knowledge on how to be successful. This year we’re focusing on being more strategic, hoping some of these tips will help us 🙌🏼
Hi, Sean! What happened to us in L.A. initially during COVID were cancelations. But soon those cancelations were quickly rebooked by people who were literally marooned in Los Angeles -- or just preferred to stay in Los Angeles than return back to their hometown. So, ultimately we had an abundance of potential booking, many seeking long-term short-term rentals. So that's how COVID played-out for our property in SoCal.
I’m a little bit disappointed as I thought you weren’t charging anything for your course and you bash gurus who charge for there course then found out that it’s 2800 for your course
I have a free course right here on TH-cam. My free course is 10x the knowledge of what any other paid course can teach you. I wall off my super secret stuff yes. But you don’t need that course if you’re not a host with multiple properties yet
During the 24:00 mark are you referring to landlords who typically have long term rentals? You are targeting them and asking if they are interested in subletting to you so you can BNB it out?
Hi Sean, you were mentioning the video where you were showing how you can see how many bookings others in your area are getting. Where can I find this video? /what’s it called
Hi Sean, Huge fan of your content! I watch you literally everyday probably, haha. I have a pretty decent savings and I’m ready to start so that’s all good. But I am unable to find an offering of all your courses, the links to your site never allow me to navigate around. Could you link one? Also the 1-on-1 link isn’t working either, and that is something I was going to consider as well?
THANK YOU for such value! In my Market, having a Strict Cancellation policy is a reason for Booking Inertia. But right now I am dealing with a less than 10% Occupancy Rate for my entire location. I wouldn't be able to quickly find another Guest with a 24 cancellation before Check In. What would you recommend?
@@AirbnbAutomated No Sir, for the next 3 months, my Calendar is booked for 8 nights and when I go to the "Similar Listings" graph, my location (a Caribbean island) is 5-10% occupied at the most.
Oh I see. My intuition would be to expand your marketing practices to work with all local businesses that touch tourism where they might refer customers to stay at your place
Great video!! I just subscribed 👍. In your opinion is now a good time to get into the Airbnb business? My wife and I are using the great equity (heloc) our primary home currently has to use as a down payment for an investment property/airbnb. We live in St Augustine, Florida where the Airbnb market is great. But as we all know, it's a sellers market right now and home prices are inflated. There are a few good listings out there that can be good for Airbnb. We are torn between holding on to the heloc money vs buying now and getting in the game??? 🤔 Your thoughts? Thank you ahead of time.
Due to your advice and pricing strategies, our main rental has been booked over 300 days this year. We just have to fill up November and half of December. Thanks for everything Sean.
John, help me..Il not exactly getting it. Im getting weekend stays only right now
@Johnathan Reichel _ Is November and part of December normally considered a slow season?
@@izi.z2384 unless we get a long term guest. Yes. It is slow now.
Hey Sean, guess what? I just put in a monthly discount on my listing and hours later got a booking for 1 month! Thanks for the tip! You are the true MVP in the short term rental space! Thank you
Man... I made a HUGE mistake and hired Evolve to get me bookings. After 4 weeks they got me ZERO bookings and my calendar was blocked off (to prevent double bookings) starting Sept 1. So I fired them about a week ago. Fortunately I had gotten a couple of longer stays and some smaller bookings for August and we finished with around $23,000 for 7 doors. But Sept had nothing (except for one of my places)... Big. Fat. Goose Egg! As of now, one of my units is on fire (I did not relinquish this one to the Evolve crew) and I have a full house for my 6 plex in Cocoa Beach for Labor Day. But after that is slim pickens (really slow for most of us here in Cocoa Beach). I am grateful I found this video and will implement the notes that I took. Thank you Sean!
OUCH
"Do not run out of CASH!" Boy, we all learned that lesson thanks to COVID. I have now increased my Rainy Day Fund significantly. As always, mahalo for the lesson.
I love ❤ your word choices and enthusiasm It's fun to learn with you!! Haha. "Fortune cookie 🥠 advice"
"slow season blues"
You are the best!
Glad you enjoy the quirky commentary.
@@AirbnbAutomated haha "revenge travel" was my fave. What a perfect name 😀
This intro is outstanding 👏
Loved the video! Currently I am cleaning an Airbnb and want to begin managing it! The host is happy about this as well but I want to present why picking me to manage their property over big companies is a better choice! Also, I want to learn more about providing experience to the guests stays ! Look forward to hearing what you have to say!
Also, at what percent do I ask for or would a percentage number move according to how successful I am at booking the place?
Revenge travel.I love that!
So so good information
Thank you!!
Super helpful video!
This is great info!
Always great info and advice. Thank you. Oh, and those big arms make everything just more enjoyable to watch. ✨🙏✨
Haha thanks. That was the whole goal. Lift for watchtime gains
great vid
Pure value Sean! Use game theory, implement dynamic pricing strategy to account for seasonality, deploy pattern interruption to engage future potential guests with discount strategy.
Yep yep yep!
Love the Harry Potter intro reference 🥰 Imma Subbie…
Hey Sean, great videos! I've got a question for you (and other fine people here), what about STARTING an airbnb rental business during the low season? I'm currently getting my ducks in a row to start my business and would like to get it running soon, say october, but that will be the start of the low season here (low months are very similar to your Philly market). I get that it could be easier for me to pick up properties to start because of lower local demand, but I'm afraid to loose a lot of money during the first months because I won't have the credentials of an establised listing. Thoughts?
in the middle of slow season is much better than starting a month or two before. (as a newbie)
once you have property and you can soak some costs, then picking up more on the way in to slow season makes sense for the lease savings
Hey Sean, I have my first airbnb that I just listed. We had 3 stays with great reviews, but are struggling to get bookings even with low prices and one night minimum. It is definitely the slowest season. Any tips?
Hi Sean! Thanks for your content!
About to start a rental arbitrage in San Diego this month.
A little scared since it's technically slow season but it might be offset because it's a really nice PH. Any reccos?
PS - your link for 1 on 1 coaching isn't working!
great video, is there a video that shows how to do price strategies step by step on the backend of the website
I have a playlist on pricing strategy here on the channel
Hi friend do you know what is the form for IRS JUST FOR host no owner
Do I need a real estate or property management license to cohost or arbitrage?
Can I book you for a consultation?
Sure thing. I have a link in the bio for 1-1
Some of your advice is great for the owners but terrible for the cleaners. I run a vacation rental cleaning company and long-term stays really mess with my ability to keep a strong crew on board. Super fast way to lose your cleaning/guests contact team.
Your profitable vacation rental would not be achievable without your cleaners. Too many people take advantage. It should be a symbiotic relationship.
I see your point but this video is not a video on how to make your housekeepers happy we have discussed the importance of housekeeper retention in other videos but this video is meant to solve a specific subject in a vacuum
@@AirbnbAutomated It's not about keeping your housekeeper's happy!
You're right it's about keeping them employed! I have now written it in the contract before a home comes on bored.
No long term stays without a mid stay cleaning. Just sharing information.😊
I like your videos and I think you give great advice. I just feel like the cleaners get forgotten about since I deal with that end professionally. Thank you for responding back.
In the specific video yes we are not considering the dynamic of the relationship between cleaners and the host because hosts can have many types of cleaner relationships where you are simply contracting out a large third-party company or you are employing them by the hour.
Navigating that nuance is a complex topic for an entirely different video.
Thanks for giving me something to think about
First person here
Want a cookie
If you have some please bring cookies for the whole class
@@AirbnbAutomated hahahah got em
you have such pretty eyes I am not a creep or anything but I notice those eyes
Thank you! Great vid!
As a newbie I just watched a couple of your videos. Great ideas. Looking forward to implementing some of them in Serbia. One suggestion, though, I feel visual aids for some of what you are explaining could go a long way. I found myself backtracking several times to make sure I understand the explanations, which would be much more clear if I could see the actual example you are explaining.
I heard a lot about your pricing strategies but I CANNOT believe no one ever told me you were a Harry Potter fan. SMH. Came for the tips and stayed for the Potter cracks.
Hi Sean can you make a video on STR insurance. Like proper? Do you recomend it.
I had a slip and fall in my pool house. Luckily the lady didn't sue but it got me curious to know if AIRBNB would cover.
I love your teaching videos like this. Please post more hard content!
Really wonderful
Thank you, more to come
Your hair is a lot better this way brother
Hey Sean!!! Love the 'video content info markers' at the bottom of your screen. Such a great idea only a perfectionist would think of. LOL
Thanks :) trying to put a little more work into my edits to make life better on your side of the screen. Glad you like it
My slow season is summer because its 120 degrees and nobody comes to the desert
This aged well. Sean I see you bro. 👀 I do. I really do
Sean been in the gym. Thanks for this!
Loving the graphics! I think the increase for Philly was also due to Made In America(MIA) going on this labor day weekend
Ahhh. That’s a thing
Such great content as always thanks bro 🙏🏼🔥
I love the timeline of topics at the bottom of your video screen. Would you be considering putting timestamps in the description to match that? Timestamps are hyperlinked and allow viewers to jump right to the section. As always, outstanding video!
I want to tease the knowledge but would prefer they watch the whole video to not miss any goodies.
@@AirbnbAutomated - I need for you and I to purchase my very first property within a week or two. ♥️ Let's talk.
What do you need help with?
@@AirbnbAutomated - I want to join your student-base and be your poster-child coming out of Chicago. I have binge watched a TON of your videos and have limited capital to start, but I've been preparing for your mentorship. I have created a Business GMail account, a Business Instagram account, a Business Facebook account and now need help with establishing an LLC so I can do what you do full-time starting (yesterday). I have free time now and not working, so I can jump in. Watching you're "slow season" video and I'm wondering if I should use Chicago as my first property acquisition market or if I should look somewhere across the country. I saw that you started your first property ever for about $4,000.
That's what I'm looking at, about $4,000 startup. I also seen another video where you say that there are some tips and tricks for possibly getting properties that are already furnished or that have been used as a prior rental arbitrage.
The big final conclusion here is, that I don't have beyond $4,000 to start up, HOWEVER...I do have cushion funds that I may be willing to use for my first property if it means at least starting off with one major mamajama property. What I mean by MamaJama property...what would it take for me to get one single property that can get me net-profit of $3,000 per month all year round'ish after all is said-and-done? Is the answer to that a $7,000 start-up cost? An $8,000 start-up cost just to hit that $3000k/month (or so)? I'm willing to explore. Perhaps a $1800 to $2000 per month (per unit) net profit would also be great if I then had two of such properties, because then that could potentially be $4/month net. The only curiosity is what it would cost to be your student just to start me off in a matter of a week or so because that mentorship cost will have to also be factored into my overall start-up cost.
All I know is.....I need this really bad. And fast for private reasons that I can tell you away from this public forum.
I'm ready now. Just need to know how go start an LLC because I want to market myself as a business entity and scale from there on. We love you so much, bro..... you're an angel on this earth to so many people.
I would say if you started immediately you do have some months of time or Chicago would be good if you start in a few months it would be right before their worst months which would be not ideal but then the spring in Chicago would be perfect
Fantastic video Sean. topic for a future video-how would you deal with local regulations which are becoming tougher and tougher on Airbnb hosts? A town where I have two properties recently required a STR license and a 2 night minimum. Now they are talking about limiting the number of licenses that they will issue. Any suggestions on combating this?
Join the Libertarian Party
I've adopted some tips form this channel and really cant complain. Someone just booked my apartment for a record price, for me it was insane. It was all about 1 day availability and long stay discounts.
Sean is there anyway you can make a video on how you found and pay your property manager and how to incentives them to find you new properties?
My business doesn’t have that structure currently, but it did for a short period of time so I could swing the bat at this
@@AirbnbAutomated thank you Sean.
Thank you for yet another great video !
Will this also work in a seasonal vacation spots?
Yes. Changes are a bit more dramatic the more seasonal a place is but definitely yes.
this guy always bs ... so many irrelevant stories instead of the meat
Absolute gold! Thanks for the video!
Total eye opener video! Thanks for sharing all this wealth of knowledge!
You a beast bro sheesh 🙏🏾
Thanks Fam
How can we get the superhost course your top course online and skip the first two courses..
DM me on IG
Hayley is the best !!
Game recognizes game!
Can’t wait for snow! Ski season = $$
I don’t have an AirBNB but we do have an RV and I almost sold it back cause we only used it once in 6 months but then the agent who sold it to me told me to rent it. We made $4200 in 6 months (it paid the RV for 12 months) with absolutely no knowledge on how to be successful. This year we’re focusing on being more strategic, hoping some of these tips will help us 🙌🏼
Did you just meme me with Harry Potter?
I went there
Dude thanks for all the help you provide to your watchers. I live in Oklahoma city, and I own a duplex do you think OKC is a good city for AirBNB?
Most definitely
check regulations
Hi, Sean! What happened to us in L.A. initially during COVID were cancelations. But soon those cancelations were quickly rebooked by people who were literally marooned in Los Angeles -- or just preferred to stay in Los Angeles than return back to their hometown. So, ultimately we had an abundance of potential booking, many seeking long-term short-term rentals. So that's how COVID played-out for our property in SoCal.
I’m a little bit disappointed as I thought you weren’t charging anything for your course and you bash gurus who charge for there course then found out that it’s 2800 for your course
But look what he does for free. If he can help me acquire a 3rd of what he has we'd be even!
If he give all this game for free, imagine what the 2800 dollar course will give you.
I have a free course right here on TH-cam. My free course is 10x the knowledge of what any other paid course can teach you.
I wall off my super secret stuff yes. But you don’t need that course if you’re not a host with multiple properties yet
(And I am bashing gurus that don’t teach for free and only charge) huge difference
The extras that you get with the course equate to saved time, and time is money. It's worth it.
So much awesome info in this video 😍😍
Glad you think so!
During the 24:00 mark are you referring to landlords who typically have long term rentals? You are targeting them and asking if they are interested in subletting to you so you can BNB it out?
Hi Sean, you were mentioning the video where you were showing how you can see how many bookings others in your area are getting. Where can I find this video? /what’s it called
Losing around 1,500 a month on mine smh
Your website for your course isn't working.
Thanks for the update. Links change over time. You can find all updated links using linktr.ee/rakidzich
Great video! Lot’s of value.
Hi Sean,
Huge fan of your content! I watch you literally everyday probably, haha. I have a pretty decent savings and I’m ready to start so that’s all good. But I am unable to find an offering of all your courses, the links to your site never allow me to navigate around. Could you link one? Also the 1-on-1 link isn’t working either, and that is something I was going to consider as well?
I’ll have to get that link fixed.
The 1-1 is clarity.fm/venom
Classes.Milliondollarrenter.com has everything else
THANK YOU for such value!
In my Market, having a Strict Cancellation policy is a reason for Booking Inertia. But right now I am dealing with a less than 10% Occupancy Rate for my entire location. I wouldn't be able to quickly find another Guest with a 24 cancellation before Check In. What would you recommend?
you could try the Moderate/non refundable option
you have less than 10% of your calendar booked?
@@AirbnbAutomated No Sir, for the next 3 months, my Calendar is booked for 8 nights and when I go to the "Similar Listings" graph, my location (a Caribbean island) is 5-10% occupied at the most.
@@AirbnbAutomated Nationwide, August averaged about 12% with a 15% spike one week.
Oh I see. My intuition would be to expand your marketing practices to work with all local businesses that touch tourism where they might refer customers to stay at your place
Great video!! I just subscribed 👍. In your opinion is now a good time to get into the Airbnb business? My wife and I are using the great equity (heloc) our primary home currently has to use as a down payment for an investment property/airbnb. We live in St Augustine, Florida where the Airbnb market is great. But as we all know, it's a sellers market right now and home prices are inflated. There are a few good listings out there that can be good for Airbnb. We are torn between holding on to the heloc money vs buying now and getting in the game??? 🤔 Your thoughts? Thank you ahead of time.
I have a home that would be perfect for air bb. Do I have to tell my town officials I plan to do this? Novice here‼️
Not likely. But look up local short term rental regulations and join a local host group online.