Airbnb Just Became the Worst Investment Ever..

[@AirbnbAutomated]

Gosh I’m dating myself here. Watch this video if you’d like to better understand the airbnb business model The 7 Parts Of An Airbnb Business kzbin.info/www/bejne/iGm1ZZ6lhdSLjas

[@UptownCharlotteAirbnbs]

Shilling airbnb arbitrage is what killed the game. Telling people it’s easy and over saturating the market is what killed the game

[@AirbnbAutomated]

you sound a little salty. Did the hosts that watched these free KZbin videos put you out of business?? PS don't lie and accuse me of claiming this is easy. Even in this video im discussing how it's much more difficult than people are willing to put the effort in for. I am the opposite of a shill.

[@UptownCharlotteAirbnbs]

@@AirbnbAutomated nah I’m not out of business. I buy all of my properties, renovated them, then use Airbnb to cash flow them. I’m making cash flow and equity and doing well. Also noticing my market get over saturated by people who have new business in business, but watched a few KZbin videos and thought that’s all it takes

[@AirbnbAutomated]

@UptownCharlotteAirbnbs They could have also seen an instagram ad for some 22 year old influencers airbnb course

[@infinitelyblessed1778]

Seems to be the case with most business models. The early ones make the money in the investment and then make even more money on the programs they create to teach anyone willing to shell out the money. Most of those students will not make as much money and the longer it takes you to get in, the less money you will make. That is if you even make money due to over saturation of the market.

[@naldebol]

@@infinitelyblessed1778 To me, over saturation of the market will not be the feeling I get when I see prices in the USA as high as they are for AirBnb. When prices drop lower and lower, then maybe I can begin to feel that way about it.

[@zaha594]

Sean is correct. And it’s very easy to beat your competition when you operate as a real business. Dive deep, learn the full operation, learn sales and venture off into direct bookings. It’s a process many “co-hosts” and hosts would not be willing to take on.

[@yanicemtl]

Exactly!!

[@MrKeaneNg]

At first I was going to criticize this video but I agree. This is an owner occupied business that when done right, has great leverage and can be operated on a high level without killing yourself like running a restaurant BUT if you’re hoping it’ll be a fully passive investment like normal rentals, you’d be wrong. Unlike you I own all of my Airbnb’s BUT they all would be fine rentals are just more profitable as Airbnb’s and I enjoy running them for extra revenue.

[@sanjayaiyar4351]

The first phase of easy money is over. Your property needs: - An aesthetic curb appeal - At least 1 unique cover pic that makes people stop scrolling - Several other statement pics that keeps them scrolling & click in - A description that gets them excited to book - Amenities or features that others DONT have and makes them want to pay to stay - A dynamic pricing strategy to maximize your revenue If you don’t do this you will likely fail at STRs.

[@EvSqPr]

Also need to hope that airbnb won't increase how much percentage they take.

[@augurcybernaut4785]

Nice breakdown

[@veneziablau]

Palm Springs has capped the number of Airbnb licenses to small percentage of overall housing. As licenses expire, you join the waitlist, you do not get an automatic renewal and your license, if you have one is not transferrable with sale of the property which has caused the housing value to plummet.

[@bradk7653]

I don’t plan on quitting my Airbnb/Vrbo. We purchased a small lake cottage in 2019 and have been running it as Airbnb/Vrbo, and although last year was a little slower than prior years, it is still highly profitable. Even with last year being slower the Cash on Cash return was 16%. When you add in property appreciation the return tops most anything available, at least anything that doesn’t have massive risk.

[@magdalenadacunto888]

Hotels are the losers

[@californiakarma]

I rarely comment, but as an owner I can't resist. We bought this property in 2019 at a great interest rate, because it had a guest house that we could make work for AirBnb. The price was low because the place needed so much work. It took us a year before it was ready, our first guest was July 2020! We were booked every weekend solid for 2 years. Now, it is slower. But ABB has paid for all the improvements in the guest house, and has generated cash flow and tax deductions for depreciation. We do not need the income, and can afford the mortgage payment even at 0 occupancy, so if we had to we could lower our prices to be fully booked. We do not because we do not want the low-end guests. I do watch and appreciate your insights!

[@AirbnbAutomated]

That sounds like a great real estate investment!

[@jeffmartinaz]

You are the excerption, not the rule. I'd be extremely careful with the kooky CA laws that are being proposed. I wouldn't own anything in CA as a landlord because if your lawmakers have their way, you will have zero rights to control your property if there is a dispute (or a professional tenant who knows the laws).

[@Chronosjf]

I've been running 16-20 condos on the beach in North Myrtle Beach for the past 9 years. I've always turned a profit, and my strategy is always manual dynamic pricing. I don't like price labs or airbnb's smart pricing. One thing I never do is turn down money. the falicy of the statement above "low-end guests" is laughable. making money is a smart move regardless (mostly) of the price you charge. Rich people, well off people, mid teir people, and even those people who don't have a lot of money can all be amazing guests. The biased thought that someone who pays less for a place is going to treat it poorly is just stupid. In my extensive rental experience I can only count on 1 hand how many issues I've had where I've had to ask a guest for money to replace something, and I have over 3000 stays. I have a morgtages on my properties, but even if I didn't, I'm in this business to make money, not turn it away on the incorrect notion that people with less are trash. My experience is exactly the opposite. When I lower my prices (usually within two weeks of something not being booked) I get the best guests that are so grateful for a stay on the beach at a price they can afford. The secret to making money is not spending your own. :)

[@Net446]

​@Chronosjf do you have a mortgage on all the condos? And I always wondered, because no one every clarifies this part. Are utility bills for each condo all in your name. Never understood how utility bills work when having several airbnb's. I will like to get started. One popular couple is charging $10,000 to learn how to airbnb and even help securing first home with arbitrage method. I'm willing to bet how they make their millions is by selling the course and not from actual airbnb.

[@brianmills4891]

Same here. The reasons that so many are struggling with their Aribnbs vary, but MANY just simply made bad investments. Bought too high, ignored sound financial decision making, over-leveraged, had no knowledge or experience in rentals and found out that it's work, etc. Sure, some locations have changed laws and are over crowded with competition but none of that means that AIRBNB, or better said, Short-term rentals, are finished. Interest rates have definitely put a damper on my purchasing interest during this season, but the great thing is that folks like you who made a sound real-estate investment have added equity to their property through the process and can stop at any time, for any reason, with gains. That's sound investing! good job.

[@20Abbs11]

I’m done after 8 years. Renting all mine out long term starting June 1st.

[@MrHamlet]

I have a couple of LTRs that I turned into STRs and MTRs. One was a townhome next to a new Google campus with a lake view. At first I was making a lot of money, that was until all the new Google employees found more permanent housing. I ended up converting that one back to an LTR. That being said, I still have MTRs and STRs that are awesome because of their location and demographics. They provide balance to my real estate portfolio.

[@claudioccornejo]

Why?

[@claudioccornejo]

What location?

[@jrod7359]

What in the world is going on!!! Sean i just watched all these video you've posted about AIRBNB, as it pertains to getting into the business of co hosting and everything one needs to do " in short" to being successful. Now you create this video that seems to be reversing all that you said and literally spill the beans....😮

[@KevinBurns86]

Everyone’s situation is different. You really need to do your due diligence, before you delve into Airbnb hosting. You should start with your own home and you will learn a lot. Then see if you want to delve into arbitrage. But you start slowly and learn. Shelby Church is a cautionary tale, but far from the only result. Some people are doing very well on Airbnb. Using Airbnb profits to invest in other things.

[@AirbnbAutomated]

You’re right. I’ve made $10,000,000 on airbnb. And my students have made over a billion dollars collectively. But they catch. They aren’t investing. They’re business owners, they’re leading from the front

[@jessicalight484]

That's what we did; we rented out the basement (with a separate entrance) and learned a ton. Now we are purchasing our first Airbnb Home (also for vacation). I am happy we started this way first. If we made a mistake or we didn't think of something we could easily run downstairs. One time, we didn't leave a plunger and the guest had to go to the gas station. They were very nice about it and we felt terrible. If we were hours away it would have been an issue.

[@ManInTheBigHat]

I've had 90% bad experiences on Airbnb. And the interior design is so lame and generic. I finally went to a hotel. It was great!

[@gezglobal1117]

Ours was 100%. Never again!

[@oxcsymbol]

@@gezglobal1117 I love airbnb, what type of stuff goes wrong with you guys?

[@tandro26]

I can’t lie I had the same type of experiences….so I decided to switch back to hotels and to be honest I don’t I’ll ever go back to airbnb

[@ManInTheBigHat]

@@oxcsymbol : Extremely expensive - $350+ a night plus cleaning plus plus plus - sauna broken. Noisy AC can't keep up with the hot house. Hot tub is milky, gross, broken window. LOTS of instructions about how to clean up as if there's no big cleaning fee. It's over. I'm done. Hotels are fine, professional.

[@Lejuno1]

Same here,hotel room with a place to cook for a week stay is wayyy better than abnb

[@Slicknine]

I think I'm selling my beach condo this year. Profit has been dropping every year. Market is way too saturated. Rates are dropping. My cash return is like 5.8 percent this year. I can do way better with a long term. I'm also sick of the entitled renters who leave horseshit reviews

[@franksanchez9355]

As a host I feel several things are wrong. 1.Airbnbs have got way to expensive. 2. Host demand some crazy things from their guest. Don’t make guest clean when they paid a 200 dollar cleaning fee. No one wants to clean while on vacation customer service is key !

[@stevend8785]

In my market, there are many people like myself who do it just to offset some of their cost and don’t expect the bnb to be profitable. We’re offsetting some of the cost of our vacation home, enjoying tax breaks, making money on appreciation, and enjoying the property ourselves. The only way I can see being booked full time is to have been in business for years with repeat customers or be really cheap. The problem is being cheap attracts the wrong crowd.

[@sssm1051]

Yeah you don't wanna price it too cheap or you'll get horrible guests, many who are using burner accounts and close account once they leave, if they do leave. They'll treat your place like a garbage dump and smoke pot all day long. Plus many speak Spanish only.

[@TheTraveller-e2t]

One of first videos i saw and learnt from Sean was that it makes more sense to go the arbitrage way and simply put it made so much sense. I definitely realised and its basic logic that there's a limit to how many properties one can buy and then the strings that come attached with loans and mortgages. My good fortune is that I followed Sean. like he says in another video : the best way to start an Airbnb is just copy everything a competitor (whos doing well) has. Similarly if applied to this scenario, just listen to him and copy what Sean's doing. Today i have 15 properties on 10 years leases running today. Thanks

[@AirbnbAutomated]

I’m proud (of us both) to hear that story. Congratulations.

[@TheTraveller-e2t]

Many thanks, Sean. Here in India, we use the term Guru for exceptional teachers or mentors. Thanks Guru🙏

[@AirbnbAutomated]

@user-zo9ej6zv7c that’s a huge compliment. Thank you. 🙏🏼

[@susanburger3673]

Shopping for Airbnb and found many have a cheap IKEA basic aesthetic and bare minimum furnishings that look like left overs from the last time you did a makeover of your own home furniture. Also the locations are ordinary or non distinct. The service fees are excessive relative to price of stay.

[@jazz22354]

Why would they use expensive furniture so guest can damage it ?

[@WildJack8]

@@jazz22354 "Quality" furniture doesn't have to be "expensive." Cheap furniture looks, feels, and performs "cheap." Furnish with quality that will not cause bad reviews or your time to replace it.

[@nesq4104]

You do know that caucasians carry lice and bed bugs right?

[@lewisburton1852]

Even if you intended to operate it as a business, there are much better business models available. Just managing housekeepers is challenging enough, with same-day turnovers, inventory, linens, guest requests, maintenance issues, not to mention the constant need for linens. The effort isn't worth the reward; it's too decentralized. You might as well run a hotel, a proven model.

[@Secret_Rare_Oreo]

I'm a real estate investor and used airbnb to make higher cash flows, but it is definitely not the case anymore. My main issue was the cities not allowing it, leaving notices, having to pay hotel tax, and now too competitive. Short term airbnb is no longer worth it (for me), but 30 day rentals and more is still very profitable.

[@SolidNate99]

Well they announce they quit but then they make new videos and debunk it next video

[@AirbnbAutomated]

That’s rather confusing.

[@SolidNate99]

@@AirbnbAutomated in short. KZbinrs titles don't mean a damn thing usually and they lie to get clicks

[@AirbnbAutomated]

@SolidNate99 I’m switching all of my titles to “free puppies” should get some clicks

[@airbnbabcs2050]

If you're investing in actual vacation markets very few properties will work as an LTR but they should work very well for ab STR vs trying to STR in a non vacation matket.

[@naldebol]

That's not correct. Remember that there are towns that even if they are not vacation towns, they do very well for AirBnb. University campuses areas Important business district areas as well They do very well for Airbnb regardless if they are not vacation towns. This is true in and outside of the USA. My properties in Rio de Janeiro are matched equally by my properties in Minas Gerais by the Universities (Brazil)

[@rickvenne6355]

Probably supported by Hotel chains. Because they are losing money. I have had a short term rental for 3 years and I am still killing the game.

[@sssm1051]

So in a nutshell, Airbnb isn't a good passive investment, but is a good active investment you must work on it like you're running a business.

[@remarkablemoonwalker]

I like your perspective toward it 👍🏽

[@RootBeerGMT]

The reality is that there is no ROI on property in most markets. Florida in particular. The acquisition costs are simply far too high.

[@Easyservice-x8q]

Your videos are very nice You speak very well

[@AncientLemomTree]

I see people in my area with 10-15 properties and very little reviews. They invested in the property, the set up, the house keeping, management…. I can’t fathom how they have enough occupancy to make it worth it. My suburban area isn’t a destination for anything special. I have popular airbnbs in the city, which I keep fully booked but have to do so at reasonable rates. I have no idea how these other people survive.

[@GetIntoTheBLACK]

They might be on Airbnb but they are also on other platforms. If someone has 10-15 properties highly doubt they are only on Airbnb. They might also target a different kind of guest besides just retail travelers.

[@eddiemalvin]

Are you sure they're the owners of those properties? Perhaps they're co-hosts operating on behalf of the owners. If that's the case, they don't really have anything invested except a bit of their time.

[@AncientLemomTree]

@@GetIntoTheBLACK yes I’ve considered they’re probably also on Vrbo and I’m not seeing the whole picture

[@jaysonx5576]

I bought a spot to be an Airbnb that doubles as a vacation home. I didn’t need cash flow, just break even. That model fell apart. So now it’s just a vacation home. It is what it is… (ps I made money just no cash flow. Like Shelby)

[@AirbnbAutomated]

It’s probably a beautiful home. Take more vacations 😜

[@jaysonx5576]

@@AirbnbAutomated Ha! Exactly. 😂🤙🏾

[@tammyrussell-rice5508]

I just SOLD my ABNB stock. Since its IPO it really has done nothing. I felt lucky to dump it at $170 a share.

[@johnnypunish]

We own and manage hands-on our own BnB (4) casitas in Mexico. We live on property. It's a grind, a job. In 2024, we are again profitable.

[@andrianamadz7244]

❤

[@stevemouton7531]

That sucks, I can't say that's happening to our vacation rental. I will gladly take on those clients from those whom may quit.

[@AirbnbAutomated]

That sounds like an awesome plan

[@JasonDelodovici]

The best thing that could happen for Airbnb is for those that suck to get out.

[@AirbnbAutomated]

This is so true.

[@Analyticalinadream]

This seems really obvious. I no longer stay in Airbnbs because the harm they are doing to the housing markets in local communities. More and more communities are zoning against short term rentals. And, I think this is a good thing.

[@Joe-nx7nj]

Having worked as a contracter for sonder, it was evident they would fail. Their leadership was hilarious. At first, it was great, but once they started to appease shareholders, they started to act silly. Air bnb is great for those who got in early, like anything else. This last wave of investors are the ones that got screwed. I have a $900 mortgage and my competitors have a $4,000 mortgage.

[@AirbnbAutomated]

I bet you have some amazing stories

[@Joe-nx7nj]

@AirbnbAutomated oh yeah. I learned what not to do from them. It's amazing to me how companies like this get the funding and these types of valuations. Is there nobody on the ground floor overseeing the chaos 🤔

[@AirbnbAutomated]

@Joe-nx7nj absolute chaos.

[@jeffmartinaz]

Sonder is getting killed here in PHX. We are direct competitors in the neighborhood with about a dozen places. They refuse to lower their rents to fill spaces. We change our rates several times a day to get them filled, if needed. We actually had a management company ask if we'd be willing to break our lease with two units in a building so that Sonder could come in and rent the whole floor from them. We laughed and said no way. Now Sonder is choking on several dozen apartments in a building across the street from us who bent over for them. They're inches away from becoming Stay Alfred...

[@Joe-nx7nj]

@jeffmartinaz Sonder has tried the whole floor thing here in San Diego, as well. When they first came here, they picked the worst apartments. I'm talking roach infested places. No parking, shady areas. Charged top dollar, used awful linens. They used all the funding money, hiring 6 figure employees that had no experience in this industry. They dismissed their eyes and ears on the ground.

[@usa91787]

Well, I think it depends on where you buy. We just bought our first one in a small tourist town on the Mississippi. And there is just one hotel in town. Are there other Air BnB's? Yes. But plenty of business to go around. People work together to help each other. Raise all bosts as it were. And the city loves them too. Lots of people are being forced out because of restrictions on how many you can have or outright bans of STRs.

[@sawlewicz]

My Airbnb is only successful because I do 100% of everything (well my parents help me clean sometimes). Profits are all mine.

[@AirbnbAutomated]

Good man

[@newvideoplaylist]

Sean, you look very sharp in this suit and man bun. Very gentlemanly 👍👍

[@BeautyWithTiffy]

I’ve cleaned houses for people and there’s no way in hel-ll that you’re going to get me to clean a house for $75. To dust and clean that house from top to bottom one time a month and pick up what everyone else is left behind is ridiculous. So I don’t agree with you on that because that’s a lot of work. Waxing walls that are wood or whatever washing out bathtubs and then using Windex on them to make them shine washing bedding dusting all the fake plants cleaning out the refrigerator and all that good stuff. Absolutely not that it’s just despicable to expect somebody to do that kind of work and want to pay them $75 for three hours of work on the house. Disgusting and despicable and you have to have your own insurance as a cleaner. There’s cost associated with it and many times we have to purchase our own cleaning equipment. So absolutely no. Trying to be rude just trying to be real. That’s just ridiculous and then your gas to drive there correlate no that’s ridiculous Ludacris no. Not even for $75 a week to go in and take out the trash because you still have to do sanitization and one deep clean every month to keep it safe. Disgusting no no no no no

[@miguel66014]

As a long time host, I can say interest and business has certainly dropped over the last couple years. I basically don't host any more. It's not because I don't like Airbnb as a concept, it's because the guests have been more and more entitled and difficult to make happy. I'll call it the "Karenfication" of the business. They simply make it that you don't want to do it anymore. That combined with young people lying to want to have crazy parties. No thank you...

[@imnitguy]

I have noticed this as well. The sense of entitlement is over the top. And reading the stories where the guests complain and get the stay comped in unconscionable.

[@miguel66014]

@imnitguy yes, Airbnb is so much on the side of the customer and NOT on the host. They treat the host as "second class" citizens.

[@buzztrucker]

Let me mention as a host that other expenses are certain cities, counties, jurisdictions clamping down on short term rentals with new/higher expenses like application fees, short term rental filing/taxes, etc. This has raised the cost of doing business for hosts and made them rethink the value of STRs. I was long term renting at a real good rate and after tenants were done I came back into STR on the property only to see the rising costs of doing business. Plus Airbnb has slowly taken a lot of power out of hosts' hands so that hosts can't run their Airbnb businesses as they see fit.

[@rometimed1382]

Interesting. In our Province they just banned STRs outside of your primary residence as of May 1st. We are actually turning our attached LTR (Tenant is leaving July 1st) to STR, which we have never run before. Lots of upfront costs and added insurance. Neighbours run Air BnB and it makes roughly 50% more on average than our LTR did. We also wish to run an actual BnB in the future so we are excited for the experience.

[@annmagnuson3338]

I really wanted to start your Airbnb course. I'm eager to begin, have the capital, time to invest, ready to learn. I set up a phone call with your team. Andrew is most definitely not doing a successful job selling your course or mentorship. I'm bummed because I have gleaned a lot from your free content. Still want to do the mentorship, but I went from a 10/10 excitement to a 1/10. Considering other mentors and experts on STR.

[@AirbnbAutomated]

Thats insightful feedback. Can you send me an email or DM, with your experience with more specifics?

[@dylanfitzgerald1]

I see what you're trying to say, that Airbnb is a business, not a passive investment. And I agree - mine are run like a business, and that's why I succeed. However, when you BUY your real estate, not arbitrage, it can be a GREAT investment due to the bonus depreciation you can take. I make back my down payments in year 1 by taking bonus depreciation against my active income. That is not something you can do with long term rentals.

[@mikeh4053]

was in the game before the boom, and i'm in the game after the bust. another knee jerk reaction to the now. long term investment these are. these are still work. just less work than going to a 9 to 5.

[@filipsalamon]

I have two properties in two countries on Airbnb one with 93,7% average occupancy and it's incredible investment with great ROI.

[@adelrezk3758]

You bring lots of value to your audience! Thanks.

[@thomasrebotier1741]

All it takes is 15% vacancy and the prices drop 50% because everybody undercuts. It's the hype that killed the business model, for now. The market will find a balance.

[@prestonphelps1649]

airbnb sucks and people like this huckster are a good example of why.

[@magicjohnson669]

Operating short-term rentals is more expensive and riskier than long-term rentals. Significant profits are more likely when you manage homes yourself and deliver consistent 5-star worthy homes and services. If you must hire a property manager, make sure they are local and have a proven track-record 4.95 or higher ranking. Otherwise, you are paying them 20% or more of the gross and they will have to drop your nightly rates because nobody "wants" to stay in 4.8 home with legitimate complaints and at a cost that is higher per night homes with 4.9 ratings and glowing reviews. Bad PMs with crappy reviews will just drop the nightly prices to raise occupancy if the product and services are perceived as not worth the asking price. If you hire a good PM, be prepared to follow their lead and pay whatever it takes to quickly remedy any repairs or defects that could negatively impact the guest experience and their review. When your unreasonably cheap, you make your PM and property look bad, that's a formula for failure, too.

[@neamsitno]

Real Estate Holding Companies just passed the BAD Real Estate from their holding to ordinary people. People blindly bought with zero knowledge about LONG TERM CASHFLOW investments and capital gains, same as in every other industry where arbitrage and leverage are part of. Rince and repeat.

[@brendanhoxie2831]

So don't be an investor be an entrepreneur with Airbnb, right?

[@AirbnbAutomated]

That’s a good way to summarize it

[@hidanhan]

I'm about to list several rooms as long term rentals on Airbnb. Maybe bad timing? LOL Been binge watching your videos. Thanks for all the info!

[@AirbnbAutomated]

It’s not bad timing if you have the right business mindset. I’m still picking up doors. Just do it right. Stay sharp

[@infinitelyblessed1778]

This is great news.

[@onetwo4932]

Hey Sean im stuck between two routes first one is building my credit to obtain a buisness credit card with 0% interest and cohost ( I don’t have any experience) or go in using my own capitol with arbitrage

[@AirbnbAutomated]

Picking up a cohost deal is hard without experience but I did a recent video on cohosting you should watch. Theres a way you can do it. (Do both)

[@stevenvogel3961]

I'm looking to purchase a brand new house. Build for personal use and also use as Airbnb. To offset the mortgage payment. Should I be looking into this at this time?

[@Wiseinvestorguide]

Check Airbnb dna

[@imnitguy]

Too many unknowns to answer this but the general consensus is probably not. I got in 6 years ago in 2017. It was a much better time for hosts than in 2024.

[@brandicollom6647]

Hey!! Don't run me out of business! I'm a new and highly invested Property Manager specializing in STR's and I'm a million percent passionate about hospitality and doing things above and beyond for my guests. I want to do right by my clients, please keep in mind there are those who truly love the hospitality side of things but at this point do not have the capital to start their own. Love your videos but please keep us PM small business owners in mind

[@brandicollom6647]

also, we live in an area where airbnb cleaners are extremely hard to come by and those who are available to clean operate as "Independant Contractors" and work independently and not for a cleaning company - I trust these girls to do excellent work and they do and are paid well. Not all areas have cleaning companies they can rely on

[@AirbnbAutomated]

I think you are going to do great because this industry honors effort, and it sounds like you’re willing to put in a ton of it

[@AirbnbAutomated]

@brandicollom6647 stop hiring cleaners. Start creating them

[@infinitelyblessed1778]

ABB always sounded like it takes a lot of time, effort and money to me. Making money does not have to be that complicated.

[@markroserealtor]

I watched the Shelby Church videos on her AirBnb's and she was making lots of bad decisions with her STR.

[@AirbnbAutomated]

I think she was getting bad advice.

[@markroserealtor]

@@AirbnbAutomated I think the biggest issue I saw was how much money she put into the property and how long it took to get up and running.

[@AirbnbAutomated]

@markroserealtor that’s a huge one. I’ve lost my arse before letting my team take their sweet time on some townhomes. That’s when I learned to treat launching a property like project management

[@stevemiddleton9645]

Thank you 😊

[@SportsIncorporated]

What in the AirBnB experience is painful or annoying? As a host. As a renter.

[@nadya6582]

Hello Sean, I found you during my research time here. I would like to ask whether it still makes sense to buy an apartment (with my own money) and rent it out on the Airbnb platform? The thing is: I would buy it in another country where I lived years ago. I know how things are there and that you could earn a lot more there. I also know a few people there who could help me build a network of all the helpers I need. If it involves cleaning, repairs or other emergencies, I would have to stay there for a few months to "teach" it the way I imagine. Then I come back there just to check and renew things sometimes, and the rest with video calls and my management tools. I will earn this money by selling the old apartment in a small village for which I did not receive adequate rent and I hope to earn more with this new idea. I am ready to make any effort necessary because I love everything related to it. I love interior design, I'm a photographer, I always get compliments on my own apartment and I love making people happy. I've done Airbnb years ago, just for two months, and I know what kind of work goes into it. But if you say that doesn't make sense anymore, what could I do instead with that money? Or do you think it would still be possible, of course with gaining a lot of knowledge etc. Thank you very much! Ps: I am seeing this as a second job, not as a passive-non-work-included-income...

[@AirbnbAutomated]

Hey Nadya. If you’re going to operate this business, even do some of your own housekeeping to learn how this runs inside and out, then there are still plenty of opportunities If you’re buying, that’s a whole other real estate question to answer. Both “where’s” need to line up

[@nadya6582]

​@@AirbnbAutomated Wow! Thanks for your fast answer! So you think that if I invest all that energy (and using in addition your knowledge you are teaching here) I could make a small extra income? I honestly did not understand the "buying that's a whole other real estate question" answer. I would buy anyway that new apartment to do the "airbnb". Otherwise my only other option would be "fix and flip" and for that I am a total newbie and don't know enough people for helping me with it to hold the costs low, even if i think that is very interesting.

[@AirbnbAutomated]

@nadya6582 invest that energy into any endeavor you’re willing to become the best at, you’ll succeed. This industry isn’t easy street like it used to be, but it’s not a hard science either.

[@AirbnbAutomated]

@nadya6582 buying property is real estate. Doing airbnb is not. So where you airbnb profitably will be different as to where you’d buy an apartment as a good investment. Sometimes both overlap and that’s a winner

[@nadya6582]

@@AirbnbAutomated Thank you so much for your answers! I guess I will compare and study even more, before reacting. 🙏😘

[@ManInTheBigHat]

How does one do "direct bookings?"

[@michaelhagans965]

Get a website

[@dk1meruem390]

There's nothing of "real state" here when you "buy" with your "money" a property, keep living 150 years ago

[@therapy2009]

Like all bubbles, only the best will survive. It's a business.

[@NancyHexagonInfinitumSTRCo]

Sean, you never disappoint! So happy to call you my mentor! Thanks for the GOLD! Keep shining bother. Grateful for you! 🙏🏾

[@AirbnbAutomated]

It’s my great honor to be here for you

[@evewhittaker7987]

Good luck, Airbnb is being called the worst investment of 2024 and the worst way to get into real estate.

[@christopherwilliams1317]

Broooo you single handedly killed airbnb by giving the game to everyone. "Knowledge is power " has a whole mew meaning. The knowledge you gave thinned airbnb host power by creating to much competition. If i were airbnb id pay you to stop making videos. Lol. So yeah call aorbnb and tell them that they owe you money... Tons of money!

[@AirbnbAutomated]

I don’t know if you could pay me enough to stop helping poor people. But you highlighted my biggest error. Not brokering a deal with airbnb. Way my bad.

[@DM-xu8gv]

Game is game, no matter the industry it’s never saturated at the top

[@zaha594]

This is exactly what’s happening in every industry. Too many people on the internet talking lol

[@sawlewicz]

100%@@DM-xu8gv

[@eddiemalvin]

Its a bit ironic that the hosts leaving Airbnb due to lack of profitability will help improve profitability for the host that remain.

[@AirbnbAutomated]

It all balances in the end. Love that fact

[@CobraPR893]

Will never rent another airbnb, host im philly rented a cray place.

[@francvancanvas]

But you never say why? It is just a summary of the content of other contributors.

[@willbaron1]

Does this just apply to USA what about it vacation destinations in Latin America?

[@AirbnbAutomated]

the lesson to be learned on innovation and treating this like a business is a lesson every airbnb operator needs to learn immediately. Even if there isn't a local horror story (yet)

[@TheAceLewis]

I was expecting “it’s not worth it being an Airbnb host when someone can stay in your property for 30 days and claim squatters rights and take your home using the government.”

[@miker8687]

Real estate is a great investment. And short term renting your real estate is still a great holding strategy. The title of this video alone doesn’t even make sense. Airbnb isn’t an investment unless you’re buying their stock.

[@andreadan-ty7cv]

airbnb will never pay you damages and will leave you dealing with scammy guests

[@carlosr192]

That's a point. Airbnb is a hotel type of business and is good in the right place. Like any business you have ups and downs and competition.

[@LorrieBracaloni]

my airbnb is dead last year booked

[@Tassonebeats]

This company is fully negligent

[@ldn876]

Died in the uk 🇬🇧 years ago. Only those selling air bnb courses left.

[@AirbnbAutomated]

Reminds me of the Disney cartoon (episodic) Aladdin. Way back in the day

[@DM-xu8gv]

still making cash

[@superhostreacts]

@@DM-xu8gvin the UK?

[@cole9516]

What is bro talking about

[@GeneDexter]

Not to mention how Airbnb is worst run Company in America 🇺🇸

[@theredhideaway]

Fake news - lol - Robuilt isn't quitting Airbnb. He's still going strong and adding properties, if it makes sense for the cashflow...Like any good investor is doing. What he is focusing on is optimizing the properties he has for greater cashflow and to stand out in a market that is seeing struggles for less spectacular properties. So, he is still all in on STR's and helping his students make good investment decisions.

[@AirbnbAutomated]

Go on, tell me the screen shot I posted is fake.. But… by your words.. It sounds like he’s been watching my videos. That’s good. Glad he’s learning. 😉

[@MrMichaelMerrill]

Hmmm. I'm in Rob's Hostcamp and he shared his strategy last week. He's still investing, just more carefully.

[@AirbnbAutomated]

@MrMichaelMerrill so by your words, he’s lying publicly and giving contradicting advice in private? Some of us preach in public what we coach in private. Been like that for 8 years. You can see the advice he gave you last week (that you paid $5k-10k for) for free on my channel a year ago. Public, a year ago, for free. I invite you to look up a form of influence called confirmation bias. It’s used in brainwashing

[@theredhideaway]

@@AirbnbAutomated ha! You guys should meet. I think you'd find you actually both want to help people and have great stories. The screenshot is real, but I don't see it any different from your video saying that "Airbnb just became the worst investment ever". I assumed that was a similar "click bait" link. Do you really feel like it is the worst investment ever? Or was it a way to draw attention?

[@AirbnbAutomated]

@theredhideaway airbnb is a terrible investment. Investors get killed. Business owners succeed. I’ve said this for years. That drum beat hasn’t changed. I’m sure he’s a cool and nice guy.

[@DistractedDaisy]

yeah, yeah, yeah, sounds like people will finally be able to afford a home.

[@Festvangelist]

I can understand why when you hear that Republicans are not welcome and cancelled , specifically Pennsylvania.

[@victoriyaking1664]

If you need a cohost you do not belong in this space

[@josephcokermusic]

Most hosts got lazy, and became divas, and are partially to blame. People put nothing into their homes and are furious when they don’t print money. In the old days airbnb was always the answer. Now I think it’s only sometimes the answer. Definitely agree that self fun is best in theory if you don’t suck. But as long as I’ve hosted I’ve seen people saying airbnb is over and it’s not. The game market and world just change

[@DEE-o4v]

Was it EVER a good investment? AirBnB's have ALWAYS been a bad investment.

[@AirbnbAutomated]

Exactly. It’s not even an investment.

[@davidpham9353]

Glad I sold all, of my 37 properties on july 2022 which was the peak of the market and laugh so hard looking at others have been losing money for the last almost 2 years😂

[@AirbnbAutomated]

Killer timing David. A blockbuster exit

[@davidpham9353]

@@AirbnbAutomated i realized on march they started to increase rate fast so i guessed the time is coming to exist since its been the greatest bull market ever.

[@zvotaisvfi8678]

wow. dude has 150 AIRBNBs wow

[@imnitguy]

I have weathered the Airbnbust by owning my properties outright. I can charge less because my overhead is less. It has taken some time but I actually got three reservations in one week, so I am encouraged that perhaps enough of the hosts in my local area have decided to move on. I have as well on three of my four properties. We are keeping the one next door to us because it is easy to manage and we like to extra space for out of town guests and family around the holidays. Diversification is a big key to investing and this is no different. We had a VERY strong run over 6 years with 4 doors but the only constant in life is change!

[@User-dn4vi]

You talk way too much

[@toddmartin4900]

The cream always flow to the top. Get rid of these investor hosts that taint good hosts.

[@Adam-rz4wr]

Good, short term renting ruins cities. I lived near one for a year and I was constantly woken up in the middle of the night by visitors who didn't care because they would be gone in a few days. Owner's response? I should ask them to behave or call police. As if I was staff in her hotel. The sooner airbnb goes out if business the better for our siciety.

[@sssm1051]

What a cry baby! there's traffic, trucks, planes, neighbors, animals, crickets etc that make noises. Visitors are out at the beach or visiting relatives, I doubt many have the energy to party till 4am next to you. And if Airbnb is doing badly, bookings are down, therefore less people staying, it must be quieter than ever.

[@Adam-rz4wr]

@@sssm1051 I wouldn't know if it's quieter there as I moved out 2 years ago. No longer am I being woken up in the middle of the night. I guess must be because I moved to a place without cricets, planes, trucks etc.

[@coreytim]

A+ Hand gestures

[@AirbnbAutomated]

Did I do a knife hand at one point? Sometimes I get a little “fruit ninja”

[@christianmadsen1797]

Here is my one pushback. Please correct if wrong. The washing of linens, towels, toiletries and kitchen clean up for a 3 bathroom and 4 bedroom airbnb. Minimum wage in NY is $15.50 . Explain how you can justify paying $70 for a cleaning fee. If we are going about this legally and we are out sourcing in cleaning the only way to get something that low is to hire these poor ladies who are not in the country legally to clean the airbnbs. So i respectfully ask how is paying $70 for cleaning legally possible?

[@sssm1051]

$70 is dirt cheap! I'll pay you minimum wage to scrub 3 toilets/showers/floors, clean 4 bedrooms, a kitchen, living room, dining, hallway, stairs, porch, furniture, windows, doors, walls, appliances, dishes and more, and you got 3-4 hrs to finish it all! $62 maximum pay for you pal!

[@TheSbaty]

FAKE NEWS!! You should of course do your math and research. The problem with this channel is that Sean doesn’t understand the tax benefits of owning your property. You save so much money on taxes by being the owner. I haven’t done the math to be fair but in my opinion you come out ahead owning vs renting. BTW Rob is still buying properties he is just building or “buying” by creative finance. Don’t spread lies!

[@MrHamlet]

Not even a minute in and this video has dumped out a pile of misinformation. *files under clickbait.

[@AirbnbAutomated]

I sense a bit of bias from the viewer. You’re going to miss the punchline

[@MrHamlet]

@@AirbnbAutomated hmm I see my response is missing.

[@AirbnbAutomated]

Weird. Did you use a restricted keyword? Maybe a link?

[@MrHamlet]

@@AirbnbAutomated I didn't use a link nor any words that would cause offense. Hmm oh well. I went back and watched the entire video. I agree with your conclusions that people need to put in the elbow grease to make money. Was that the punchline?

[@AirbnbAutomated]

@MrHamlet the punchline is that airbnb (as a verb/ service) is not an investment. Treating it like a mere investment loses money, making it the worst investment. To make money, treat it like a business. Thats the premise of the punchline yes sit

[@MaseratiSen713]

I miss the glory days 🥹

[@AirbnbAutomated]

I'm waiting with a fork and knife for the fall out.

[@christinarevels8643]

@@AirbnbAutomatedcan you elaborate? Looking to expand once unprofessional hosts wash out?

[@AirbnbAutomated]

The negative sentiment from people failing and appear to peer space like this causes people to avoid the industry. The effects are slightly delayed, because people have to quit and complain, but it does create the potential for being less Airbnb Host over the next few years.

[@vingleam1190]

cohosts be like......

[@happymariam4290]

What a bad advice to pay cheap to the cleaners.

[@AirbnbAutomated]

Hertz paid Stephen Scherr $1.2 million per year. And he still royally screwed the company. Paying more is not correlated with better work.

[@AirbnbAutomated]

The average wage for a nurse is $35 an hour in Texas. Let’s keep this in context.

[@patrickg8461]

Clickbait and smearing the competition...

[@AirbnbAutomated]

Not at all: dont be salty.

[@patrickg8461]

@@AirbnbAutomated I agree with the main point that it is a business and should be handled like one. Thank you for your video. But my point remains valid.

[@AirbnbAutomated]

Not clickbait, a well deserved lesson that was framed to be remembered. And using various influencers claims that they’ve quit or dialed back is just honest reporting. If in your perspective that was smearing, it means you don’t like what the facts imply.

[@cris7ea]

another fear mongering video....

[@toasgreece]

FKURAIRBNB

[@zvotaisvfi8678]

"i bought a 775k house to rent on air bnb..."

[@myraordonez1732]

How is it going?

[@GeneDexter]

@@myraordonez1732It’s sarcasm. Buying $775k homes for an Airbnb is worst idea ever.