Where to Airbnb - How to find the Best Airbnb Cities in 2021
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- in this video Sean gives you 5 ways to check a city to see if its a good candidate to airbnb. these 5 filters can help you identify the best cities to invest in an airbnb in 2021 and in the years to come. Sean talks about supply, demand, competition, under serviced markets and regulations. how to find the best airbnb deals using those five metrics, and he gives killer examples. This is a cracking super host course module that is being shared with you for FREE.
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For those of you who stayed til the end, here's an update. I'm doing RIGHT NOW what I said I would do in philly. I gave you all a chance to beat me to it. BUT NONE OF YOU went to philly and did what I said at the end of this video. SO I'll just take all of these free Airbnb's thanks.
I’m going I’m in Philly lol love your channel confirmation for me to get the ball rolling
Where do I begin? I started looking in Philadelphia
This comment is oddly motivating. Thank you my friend for being such a decent person
Thank you 💁🏻♂️ I’ll call our more opportunities as I find them
@@AirbnbAutomated what about in the northern New Jersey area?? 🧐👀
NY is very difficult to do Airbnb.Many regulations. The bad thing is you don't mention even one time, to check out the city ordinances. A number if cities outlaw it altogether. For example, in LA, you are only allowed to do it in YOUR PRIMARY residence while you love there and only one space in your residence. ANd if you want to work year-round in LA you have to get a permit for over $800.00 annually and have no complaints - just an example. Basically, the RED states who don't protect renters much would be decent places to do AIRBNB.
He did closer to the beginning of #5...🤷🏽♀️
Nice guys (sic) finish last. You certainly did because he mentions NY specifically in the content.
This is true, in NYC is the same regulation of you having to live in that residence in order to rent just a spare room as Airbnb right??
yeah, that is the FIRST thing to check! Regulations; which he barely mentioned.
Red states do everything better
You would think cities would loosen regulations to increase tourism $$$ spent in their city. I'm in SD, CA and they just proposed a 1% cap of STR to take effect in 2022. The STR permits will be won by lottery which will be charged annually to have (SD always looking for a way to fleece you). I worked in a downtown hotel for several years and we would overbook/sell out rooms all the time. There is a need for STR in my city and we def use more tourism since this once bustling city is dying from Covid lockdowns/restrictions. If occupancy taxes are being paid; what is the problem? Not everyone wants to stay in a hotel.
you wont believe it. Next year I am planning to live in the US and I want to run a airbnb business there. I was just looking for info on the internet what are the best cities and you just uploaded this. Thanks
Love your videos. Thank you for all you do.
I’m beyond impressed by how you can be so successful in this market…and still have time to be a full-time Avenger!! Thanks Hawk Eye!!
Learned from Tony. Thanks!
I think airbnb's are great for people who want to move somewhere but need to stay for atleast a month to check out the area
How do we do LA seems like such a puzzle, but interested since market there is amazing for return
hey maybe I'm a bad listener, but besides NYC and Austin, where there any other cities you recommended in this video?
Detroit he also mention and Philly.
And in NYC you can't do less than 30-day rentals because of new regulations.
It doesn't matter your level of experience as a short term rental host or rental arbitrage, this man has FACTS for all!!! Thank you, brother. Found your account just a few weeks ago, even your videos for starters have valuable data for experienced hosts. Amazing!!
I'm a long time Airbnb host, I worked for the biggest short term property management company in the Caribbean, managing approximately 40 of their top properties, in charge of handling absolutely every responsibility. From home owner success manager, guest services manager, housekeeping manager, etc. all at the same time. Still, after 4 years of experience I've learned sooo much from your videos. You can't imagine how you've already changed our lives (my wife, our new born and I) in just a few weeks. POWERFUL!
Dope! Earned a sub
Thanks for the info! Really helpful! Many cities do have legal issues with Airbnb, for example, they only allow primary residence for Airbnb. How to handle this issue?
Great video, and so much resources, what would you think of Cape Coral FL for AirBNB?
Again amazing info
Why is the Los Angeles STR income so low? AIRDNA just cam out w their “Arbitrage Opportunity report came out and found many other smaller markets getting higher rev.
I’m in Los Angeles where it has to be your primary residence. I don’t know where to go. If I operate in another state do I need an LLC in that state? & is there disadvantages to not being physically there? I don’t even know where to go & do it. Plus isn’t qualifying hard if you’re a first timer?
I've been a flip contractor for 30 years. I'd say you'd need to live close, unless you have unlimited emergency funds
Thanks for the great advice! Is there a website that covers most cities regulations?
Philly! Call on Monday!
If I’m living in Toronto am I able to do this in the US even though I am a Canadian citizen?
you can buy wherever you want
I’m right next to Dallas i am in garland, my neighbor has a home for sale he hasn’t sold it yet for over a month, you think I could give it a shot and furniture the home for 4-5k, that’s if I get the deal, but you think it would be oversaturated since it’s next to Dallas? There’s a lot of tips here though I’ll check the app for more inside infor but I’m asking someone that’s already in the Dallas market (you) THANK YOU EVEN IF THIS DOESNT GET READ🙏 god bless for sure
update?
Thank you for the inspiration I have a question what if I waited to start 2023 after taxes so like April of 2023 is that a good idea?
That’s hard to answer. Just see how the market is around that time. We haven’t made it that far yet. That’s like asking to predict the future when it’s not always going to be accurate.
how do i get into the zoom calls?
Hey Sean, do you run biz through an LLC in your home state? Even for out of state properties? Have you covered this/taxes in another video?
Awesome content bro.
Wondering this too
I’d like to know this as well.
Yes always run your Airbnb business (or any real estate investment) with an LLC. Many tax benefits and personal liability protections.
How about Ocean City, NJ?
Thanks Sean. San Diego a good or bad city for 2021 and 2022?
In Canada ? Best area? How about Belleville? Ont.
How are you dealing with the updated changes in the Philly market regarding Airbnb. I believe there was an update in June @airbnb automated
Voted in June but does not take affect until April 1, 2022
We are getting involved in the appeal process to try to overturn the regulation and planning ahead with landlords
@@AirbnbAutomated got it & great! Got my first two units in Philly only to find out about the regulations afterwards. Thanks for all you do.
What changed in Philly?
what the most promising cities are to buy AirBnB properties.
Take the word airbnb out of the question if the question includes the word “ buy.”
@@AirbnbAutomated Sir, I do not know that I am collecting some information just for my work, my job is to collect information about buying AirBnB properties in the most promising cities. I juct need information about promising cities . Thanks
Vegas has strick regulations
Hi I'm in vegas I airbnb my timeshares here I want to branch out need your help I'm a superhost
Is nc a good state to do this business?
Yessir
What about STR laws that prohibit doing this?
They are rare. Just do a check as part of your research for an area
Good information. Thank you
I've been trying to find a place to rent for 3 weeks...no success yet
Youll make it just keep calling, finally signed mine last week💯
@@joshuafrancis1725 apartment complex or home owner?
Sean is straight up lying to people to sell his "course"
As someone whit extensive short term rentals experience in NYC, I can tell you that it is extreamly difficult to get through the laws as it is now straight up illegal to operate in the city.
Even if you can manage to operate one, New York City largely depends on international toursim and that will not come back until at least Europe gets fully vaccinated and EU citizens are allowed to come back. Even then, rates will stay low while hundreds of city hotels compete for customers. Even then, prior to 2020, NYC it is a very seasonal industry, with around 6 months of the year with low demand (Jan-March/Jun-Aug).
You DONT NEED A COURSE to learn how to operate an Airbnb.
You do NOT need a course. 100%z I’ve been saying this for years
But if we are going to talk travel data. You’re not looking at the data...
Show them some gaiinzz Bro. 🔥
Great video! One of your best. Any chance of an invite to Clubhouse? 😁
Question regarding Austin, you’ve mentioned it being a great place however do you think it’s still a good idea to invest given the high property taxes in Texas?
Property tax? Don’t buy the rental property, use someone else’s property
@@storyeatermichael9046 I don't think he was talking about arbritrage
Still not buying properties sean?
Still not buying
Can you please provide an example city that would be a BAD place to go?
ones that are regulated heavily like LA. Currently SF is on a crime spree, bad right now. Miami is starting to get so hot (rental market) that it changes the risk/reward profile on deals.
@@AirbnbAutomated Thsnk you!
It would be cool to see a video on how to get started with expanding short term rentals outside of your state. I live in the Northeast and would love to do short term rentals in the south (without buying property), but I don't have the time to travel, meet up with potential landlords (to possibly have them just say no). Once you actually get a property the rest is easy because you can always have a property management company take on the rest (furnishing, cleaning etc) but just trying acquire properties in a different state is hard especially when you can't do this process over the phone. Do you have any suggestions?
Love your transparency and you’re making the best content that I need. I’m in the process of starting my Airbnb business !!
I just wanna thank you for all the knowledge! I'm starting this month!
Happy for you!
Hey, how did it go?
Updates???
@Airbnb Automated
I am a notary so I help a lot of people close on their homes and just yesterday I held a closing for an investor who purchased a condo in Austin. He was told that in order for an owner to Airbnb in Austin that the property would need to be their homestead, or their main place of residence. Was he misinformed?
I had the same issue, it is city restriction apparently
Kayaks are bliss, send it baby! I list in a tourist destination area, the hotel/motel industry is obliterated, even the casinos on Mohawk land are sucking air. Their prices and good will have tanked. Look for areas near casinos too. Another of my gigs is regulatory municipal solid waste audits- I get insider info over a vast area. I like your business model evolution, "if you want to live like the fox on the hill"
Great video but I think you missed one thing big time. You put NYC as a top place for air Bnb. But you gotta realize that NYC essentially banned Air BnB. Anyone that lives in NYC (like myself) will attest to the fact that anyone running air bnb in this city is essentially illegal. So it’s really not as simple as you put it.
Lmao yeah I guess he missed the part where NYC banned airbnb.
He said in the future authorities may change regulations due to not receiving tax money from hotels. Did we watch the same video?
I’m sure this is an ignorant question but is this due to the liberal “nature”/policies of NYC?
Nice tank!!!!
Great video!! We live in St Augustine, Florida where the Airbnb market is good, but right now the market to buy an investment property is pretty high. We got a heloc to use as a down payment when a good deal or the right time comes.
over priced, as well as Phoenix
Sean, I know this is an old video but, how to get around NYC rules? I have a friend who has an apt which I could "have" it looks like, but how can I make this work? I could have a one BR in a prime location in Manhattan, but building will tell him NO STR likely.... Help!
Austin doesn't allow str due to laws. How do you get around those laws?
Austin does allow short term rentals
They do but they’re not issuing anymore permits.
I am surprised you said NY first. its illegal to run short term rental of any sort. I got into so many complications because of it and would never consider NY after I ran 7 listings there.
Definitely Atlanta
Are there any unspoken rules, like not opening a new rental property in the same street in a small town as another (especially when it will be a visible rental property with a sign)?
Why can I select the one on one under your videos?
It was the Hallo and Goodbye from Cancun for me lol...Mic drop
It's tough here in vegas to airbnb
How do you get management on those places if you don't live there?---- I only have a couple of properties but I'm looking to expand to other cities where rental expenses are lower.
Where to rent in austin
What do you think about north fort worth texas market?
I own 30 acres on a lake untouched off grid in the woods of Maine next to the biggest famous Mt katadin it’s a hot water lake next to Canada I want to Airbnb tents then get I have some cool houses/cabins done. I have two miles of lake and stream frontage how do you think this would do!! Boy I need help with this!!
That sounds awesome.
When applying for a apartment to sublease do you fill out application first or talk to leasing Manger and tell them what you want to do?
We tour first, talk, then apply
What do you think about Palm Springs?
good spot. remember California has a lot of regulations
Hey buddy do you think it’s better to rent a apartment or a actual house to do Airbnb?
Thanks
Usually the margins are better on Houses. But at scale I prefer to have 100 apartments as opposed to 25 houses
@@AirbnbAutomated thank you
Any advice on starting an Airbnb in Mexico City?
Yes. Hurry up before I take all of the available property lol.
But for real just read the horror stories that landlords have to go through with evicting tenants and he will feel really confident about Mexico City
MAC-ALLEN
Great Texas Content- received a couple of golden and a few silver nuggets.
What’s the difference between the two? What are their parameters to classify in said areas
About that Swole life! Great Vid too.
Dude you're awesome! Thank you for the info. I took tons of notes
I am looking to get into this business and live in NY but have learned there are slot of restrictions for air Bnb in NY saying you must live in the property in order to air Bnb😩 any suggestions on how to go around this?
Airbnb and NYC are a bad investment right now UNLESS you have a class b building. Check the laws because the fines are big.
I love cancun. Tulum is also awesome
Do you have a rental in tulum. It’s a beautiful place and what do you think of the market there
@@Oceanatravler I do not have rental there. I'm just starting out. Florida will be my 1st. I've got the money but these apartments want my taxes from last year and my last business got burned down
Hey Sean! Thoughts on Nashville? I've been researching the area and demand/profit potential is high with a decline in listings due to COVID, but the red tape is pretty dicey. Anything that is zoned residential is barred from getting new STR permits.
I live in Nashville and unless you are grandfathered in from a few years ago it is pretty much a no go with the permits and rules. It is a tough market to enter now.
What is better in your opinion Sean? Getting a good concession on a one bedroom lease for the long term or large space to compete with people who list their homes? Thanks for all the knowledge brother 👍🏻💯🔥
I would find a large space to compete if the market looks good for larger spaces but then I would still negotiate the concession. You can have both.
If you go with small spaces get many of them and try to create a lean operation to compete on price
Really appreciate it. Taking Action💥
Extremely inspiring 🔥💯🙏🏻
This is awesome! I’ve been waiting on this.
Quarantine made Sean brolic I see 💪🏾keep up the work
You've got to make the right decisions on what to do with your time!
Love your teaching! Thank you so much for all the info. Can you please refer me to a cleaning crew in Dallas?
Awesome video.
My dude is huge !
Great video im in the new york so its great idea thanks
How much do people typically charge for managing an airbnb for someone else? Thanks.
20% down to 15% if it’s a larger portfolio
Spent a whole weekend in Dallas trying to find an apartment complex willing to rent out for the purposes of airbnb. I feel stuck 🤦🏽♀️
You’d benefit from the weekly group coaching with my cracking Superhost students
@@AirbnbAutomated I'm sure I would benefit a lot from it, how do I proceed?
You can talk with Alberto and/or Enzo about the course. I have a link in the body of this video, and on my Instagram. They can answer all of your questions
Wow. He is looking buff and very hot! Woof