You can checkout my Airbnb here: airbnb.co.in/h/flatnearmartinscorner __________________ Sign up to host on Airbnb and get a listing feedback from me :) www.airbnb.co.in/r/prekshac79?s=6&t=061n0g __________________ For any business queries: hello@prekshachand.com
You go girl, explain it very nicely and dont lose your honesty due to some stupid people sitting ideal and not doing anything.More power to you and looking forward for more videos.
I found your video about running an Airbnb very informative. Your honesty and transparency are refreshing, especially the breakdown of expenses, profits, etc.,
Great video, @Preksha! You explained everything really well, but I think there's more to consider. You left out costs like cleaning or housemaid services, product refills, property repairs, WiFi subscriptions, Airbnb commissions, room service, utensil repairs, and more. For a more accurate picture, it would be helpful to include these real expenses.
Wow. just stumbled upon your channel. subscribed. Your video was extremely helpful as i was planning to start an Airbnb as well. i was offered a furnished apartment in a gated society with pool and security, located 400 meters from the beach for 25k per month. But since i didn't have the number i could not make the decision.
Thanks @preksha. Great video, appreciate the transparency you shared in this video. Looking forward for more such data backed videos related to Airbnb from you :) tc
Does your expense include laundry expenses which is required considering the rental is occupied, basic refurbishments other than cylinder, also in some areas water cost is charged separately based on usage just like an electricity charge? The tourism license fee has gone up considerably in the last one year. Along with this pollution, fire noc etc are some of the mandatory things to have. The venture is profitable depending on number of occupancy days in a year. Considering how competitive the market is now, it is hard to have a desired occupancy. Profit after all this is not so good. My two cents.
Thanks for sharing this details in transparent matter, i believe and trust like akshat you are also helping to teach community ❤ in true manner... love to find this channel
10:06 These profit estimation is pre tax right? Also what is the rate of comission charged by air bnb for allowing owners to list their properties? Is that also factored in for the income.
You are well educated. You would have made >15L/year full-time. That means you'll need to manage 5 properties simultaneously (you have not excluded tax on your profits, still giving that leeway) to break even from your missed job-opportunity. Plus what about growth, can you scale these to 50 without hiring a staff and letting go off the margin %age. Not to forget the untimely checks, hassle and that one guest who ruins bug time dimnishing all the margins.
I work full time alongside this; managing airbnbs is currently one of my side hustles. The ballgame becomes different if you want to make it your primary source of income. But still, the profit margin remains overall above 20% (post tax) if optimisation is done well.
@@prekshachandANOTHER scammer. Roi is poor. At a lease cost of 5 to 7 lakhs and over heads of 6 lakhs. Best case scenario u make 4000* 250 nights - 10 lkahs . Air bnb takes tgreee lakhs Net loss - five lakhs per year. Where do u get a caretaker at three thousand per month 😂😂😂😂😂😂 Bahoth fekthi hai ye ITEM
Why dont I see any cost of laundry, internet. Also how is it that the electricity cost is lower than a studio appt i run. The maintenance cost is not there. The caretaker is working at rates much lower than average.
I have a 3bhkproperty in bengaluru. 35k rent excluding maintenance. Airbnb seems to be not worth for me by your profit number.Truly appreciate your honesty
Good question - laundry in my case is handled using the washing machine [detergent etc accounted in utilities] Otherwise if outsourced, it is an additional cost of approx 5-7k/month - depending on the checkins.
Nice video Preksha as a property owner with fully furnished apartments I'm skeptical to start Airbnb. I don't want to give for daily rent and experience young unmarried couples checking in or guest who get drunk and start a fight or 🤮 puke. Have you come across any nuisances, how do you deal with it. And is it possible to put the ad that the property is only for family and minimum rental period is 1 week in Airbnb
Unless you activate the instant book option, every booking will be accepted by the host after screening their Airbnb rating. And you can very well spelt out house rules (like unmarried couples not allowed) including the option of minimum booking days. 👍
airbnb also take commission and fees for listing and also on every booking. why there is no mention of it? and whatever consumables like floor cleaner, toiletry, and lot of other things. and also important that the property was naked or comes with all furniture from land lord or not and also a laundry cost. all these coasting will make your video with detailed break up. internet costs also add up. cctv as well. which are mandatory these days. lot of things are missing.
@@prekshachand thank you i didnt notice the excel in description. but i would suggest that keep revenue actual without commission and later you can put down in overheads. this way it can give more idea about actual revenue as commission can be vary from one platform to another as there are lot of travel companies are now offering styacation and villa in their website. i understand you made video particular for Airbnb calculation. many people wont know the commissions and again i feel there can be more monthly overheads. i have lived in airbnb for many weeks in different places and laundry is also an biggest overheads after every guest's checkout. but i also understand it depends on hosts own policies
Love the video.. I still remember one video of you with Akshat, where a person was about to scam you by paying you via crypto😂, you made some cookies for them. I want to start an AiRBNB in kolkata.. this video is quite helpful ❤
My dear Preksha ...Your vids are duacting and very genuine in content .......My wife and I are starting out an Air bnb in Delhi in the next 2 weeks .......i wanted to interact with you on how are legal issues of registeration,taxes etc handled......would it be possible to interact ...I could send a mail on any id you are comfortable with...
How much should a property manager charge to manage someones property ? Like if some one lives out of state and wants to a person to manage their property Please answer in terms of Residential Property and AirBnB property
![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)
You can checkout my Airbnb here:
airbnb.co.in/h/flatnearmartinscorner
__________________
Sign up to host on Airbnb and get a listing feedback from me :)
www.airbnb.co.in/r/prekshac79?s=6&t=061n0g
__________________
For any business queries: hello@prekshachand.com
You go girl, explain it very nicely and dont lose your honesty due to some stupid people sitting ideal and not doing anything.More power to you and looking forward for more videos.
I found your video about running an Airbnb very informative. Your honesty and transparency are refreshing, especially the breakdown of expenses, profits, etc.,
Thanks a lot! :)
Great video, @Preksha! You explained everything really well, but I think there's more to consider. You left out costs like cleaning or housemaid services, product refills, property repairs, WiFi subscriptions, Airbnb commissions, room service, utensil repairs, and more. For a more accurate picture, it would be helpful to include these real expenses.
Wow. just stumbled upon your channel. subscribed. Your video was extremely helpful as i was planning to start an Airbnb as well. i was offered a furnished apartment in a gated society with pool and security, located 400 meters from the beach for 25k per month. But since i didn't have the number i could not make the decision.
Thanks @preksha. Great video, appreciate the transparency you shared in this video. Looking forward for more such data backed videos related to Airbnb from you :)
tc
Thanks Achuth for the kind words :)
Does your expense include laundry expenses which is required considering the rental is occupied, basic refurbishments other than cylinder, also in some areas water cost is charged separately based on usage just like an electricity charge? The tourism license fee has gone up considerably in the last one year. Along with this pollution, fire noc etc are some of the mandatory things to have. The venture is profitable depending on number of occupancy days in a year. Considering how competitive the market is now, it is hard to have a desired occupancy. Profit after all this is not so good. My two cents.
Hello ma’am
Does it make sense to lease a property in Goa and run it as Airbnb ?
Whether we have to cook for them compulsory or not.
Great work Preksha! Thanks for sharing
Thanks a lot Akash! 😊
Could you please share how you have structure your rental agreement with the property owner ; Breakdown of the terms and conditions ?
Would definitely talk about it in future videos :)
How to get a good property manager
Thanks for sharing this details in transparent matter, i believe and trust like akshat you are also helping to teach community ❤ in true manner... love to find this channel
Thanks for the kind words Piyush :D
love your honest Prreksha!!!!! super helpful. I have a few ideas and would love to connect if possible.
Im glad! :)
Please drop me an email
@@prekshachand Hey Preksha, I sent you an email! would love to hear your thoughts over my strategies.
10:06 These profit estimation is pre tax right? Also what is the rate of comission charged by air bnb for allowing owners to list their properties? Is that also factored in for the income.
You are well educated. You would have made >15L/year full-time. That means you'll need to manage 5 properties simultaneously (you have not excluded tax on your profits, still giving that leeway) to break even from your missed job-opportunity. Plus what about growth, can you scale these to 50 without hiring a staff and letting go off the margin %age. Not to forget the untimely checks, hassle and that one guest who ruins bug time dimnishing all the margins.
I work full time alongside this; managing airbnbs is currently one of my side hustles.
The ballgame becomes different if you want to make it your primary source of income. But still, the profit margin remains overall above 20% (post tax) if optimisation is done well.
@@prekshachandANOTHER scammer.
Roi is poor.
At a lease cost of 5 to 7 lakhs and over heads of 6 lakhs.
Best case scenario u make 4000* 250 nights - 10 lkahs .
Air bnb takes tgreee lakhs
Net loss - five lakhs per year.
Where do u get a caretaker at three thousand per month 😂😂😂😂😂😂
Bahoth fekthi hai ye ITEM
@@prekshachandI f u r extremely extremely lucky u might make fifty thousand per year
@@prekshachandso your a youtuber, property manager with full time job, matlab jhand krlo life
@@gurpreetkakkarsir kam wo kar rahi hai taklif app ko kyun ho raha hai😊
Why dont I see any cost of laundry, internet. Also how is it that the electricity cost is lower than a studio appt i run. The maintenance cost is not there. The caretaker is working at rates much lower than average.
Looking forward! 😊
I have a 3bhkproperty in bengaluru. 35k rent excluding maintenance. Airbnb seems to be not worth for me by your profit number.Truly appreciate your honesty
Hi even I'm planning on starting an Airbnb in Bengaluru, would like to know more!
@monicatudu3623 sure. What do u want to know?
Appreciate the efforts 👌👌🙌🙌
HI..can i know how can i get contacts of landlords who are ready to do rental arbitrage
who takes the tourism license you or the owner
You haven't accounted for laundry, consumables etc
How are you handling laundry?
Good question - laundry in my case is handled using the washing machine [detergent etc accounted in utilities]
Otherwise if outsourced, it is an additional cost of approx 5-7k/month - depending on the checkins.
@@prekshachand I manage operations for 27 airbnb properties in Bangalore. Looking forward to interacting with you sometime :)
Nice video Preksha as a property owner with fully furnished apartments I'm skeptical to start Airbnb. I don't want to give for daily rent and experience young unmarried couples checking in or guest who get drunk and start a fight or 🤮 puke. Have you come across any nuisances, how do you deal with it. And is it possible to put the ad that the property is only for family and minimum rental period is 1 week in Airbnb
Unless you activate the instant book option, every booking will be accepted by the host after screening their Airbnb rating. And you can very well spelt out house rules (like unmarried couples not allowed) including the option of minimum booking days. 👍
@@photoaddiktt7633 cheers mate
How much is the airbnb's cut? I didnt see that added in the expenses.
It is mentioned in the revenue sheet :)
what is mean by caretaker fees you mentioned in your video. if its an employee then they wont be coming for such a low salary pl comment
How much initial investment is required
Hi I have few house. But these are empty houses. How much I have to spent on furniture.
You can rent furniture on furlenco
How much you paid for lease?
Which location mam
Please provide info on Air bnb commission
airbnb also take commission and fees for listing and also on every booking. why there is no mention of it? and whatever consumables like floor cleaner, toiletry, and lot of other things. and also important that the property was naked or comes with all furniture from land lord or not and also a laundry cost. all these coasting will make your video with detailed break up. internet costs also add up. cctv as well. which are mandatory these days. lot of things are missing.
mentioned it all if you watched the video carefully and say the revenue breakup sheet mentioned in description :)
@@prekshachand thank you i didnt notice the excel in description. but i would suggest that keep revenue actual without commission and later you can put down in overheads. this way it can give more idea about actual revenue as commission can be vary from one platform to another as there are lot of travel companies are now offering styacation and villa in their website. i understand you made video particular for Airbnb calculation. many people wont know the commissions and again i feel there can be more monthly overheads. i have lived in airbnb for many weeks in different places and laundry is also an biggest overheads after every guest's checkout. but i also understand it depends on hosts own policies
does the owner now that you are renting the property in AirBNB?
Yes, of course.
Love the video..
I still remember one video of you with Akshat, where a person was about to scam you by paying you via crypto😂, you made some cookies for them.
I want to start an AiRBNB in kolkata.. this video is quite helpful ❤
My dear Preksha ...Your vids are duacting and very genuine in content .......My wife and I are starting out an Air bnb in Delhi in the next 2 weeks .......i wanted to interact with you on how are legal issues of registeration,taxes etc handled......would it be possible to interact ...I could send a mail on any id you are comfortable with...
i'm also planning to start Air bnb in delhi
How much should a property manager charge to manage someones property ?
Like if some one lives out of state and wants to a person to manage their property
Please answer in terms of Residential Property and AirBnB property
It depends on the responsibilities the manager is dealing with. The more support, the higher cut - anywhere in the wide range of 10 - 30 or 40% :)
Nice video...appreciate the efforts
Will try to learn more. If i have questions is it okay to ask on Linkedin ?
Thank you
Heyaa!! Some help to get started in my region. Thanks if you saw it.
Good! 🎉
Great Video! With full transparency and real numbers are rare! Do you happen to be Ayushi Chand's sister?
I'm really glad you liked it! Yes :)
your expression are expressive :P
Haha I'll take it as a compliment :)
@@prekshachand I`ve Complemented Indeed, I did smiled when you were silently giving expressions in the starting of the video.
I wnt to share AIRBNB business in Goa
The owner is an idiot for not charging higher rent!
They do already charge a higher rent compared to long-term rental :)
already sounds inflated 40k per month
Isn't that akshat shrivastava's apartment?
Yup, correct - *Akshat Shrivastava
Yeah, I think auto correct made it akshay. So, you have to pay 40k rent to him even if you don't get any booking
So owner makes more profit 😊
Good information Thanks for sharing ,Will surely love to contact you in future while i am with my family in GOA
Stop that click sound from next video really bad irritating sound
Full transparency video on youtube.
Thanks :)
sxxxxxxxxxxxxxxxxxxxxxxxxxxx
Hi Preksha, i have a property in Goa, can i have your email to discuss ?
hey preksha is there a way to contact you , like an email address?i have a few questions i would lke to ask
yes sure. you can reach out to me on hello@prekshachand.com :)