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How Much Money My Airbnb Made In It's First Month

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Shelby Church

Shelby Church

2 жыл бұрын

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Пікірлер: 675
@doctorpalmer
@doctorpalmer 2 жыл бұрын
Hey Shelby, Superhost here in South Carolina. I would recommend allocating at least 25% of your profits into an account for long-term maintenance. In the luxury market, you will need to be constantly looking for expensive maintenance projects. You may have cracked concrete in a year. New roof in 7 years. New appliances every 3 years. Many of your furniture items will wear out about every year. People expect furniture to not be worn, scratched, or stained. In luxury markets, a lot of this constant maintenance is not accounted for right out the gate. My second piece of advice is allocating 25% of profits into an account going towards your next property or unit. Scale this thing, automate everything, and that’s where the real money comes in. Third piece of advice: don’t take damage too personal. I can tell you put a lot of heart into this project. Now that it’s done, let it go, grieve the loss and treat everything as the cost of doing business. It’s easy to get down in the dumps when someone destroys something you invested your heart into. Great job Shelby!
@andrewbae4357
@andrewbae4357 2 жыл бұрын
Great advice 👍
@saptab1344
@saptab1344 2 жыл бұрын
Wow great advice! I’m 18 and I wanna become a host in the future!
@flight815
@flight815 2 жыл бұрын
Thanks for your post. Within it, you gave me an interesting idea for a possible venture to launch.
@googiegress7459
@googiegress7459 2 жыл бұрын
Having to replace furniture regularly anyway because it gets worn, really makes a huge psychological difference for me, because now I don't think I'd be as pissed that someone destroyed a piece of furniture. Thanks!
@Sukhraj
@Sukhraj 2 жыл бұрын
@@saptab1344 good luck! :D
@MY93025
@MY93025 2 жыл бұрын
I think it would be better if you calculate the yearly pool heating costs and slightly increase your average price per night. Personally pool heating fees would put me off and I'd rather go to a hotel
@LilleAllen
@LilleAllen 2 жыл бұрын
Agreed!!!
@kingpin81486
@kingpin81486 2 жыл бұрын
Always, hide that shit from me just like resort fees and parking.
@sophiem5921
@sophiem5921 2 жыл бұрын
Totally agree!
@sethbender2863
@sethbender2863 2 жыл бұрын
I agree. But the reason they most likely do it this way is Because some guests would rather just save the $ and not even heat the pool. It’s optional.
@MY93025
@MY93025 2 жыл бұрын
@Seth Bender considering the pool is their main feature, most guests probably book the house because of the pool.
@jennijones9176
@jennijones9176 2 жыл бұрын
SHELBY! GET A POOL COVER THAT TRAPS THE HEAT IN!!! It’ll make it soooooo much cheaper!! They pull in the sunlight and trap heat under the cover and they’re soo easy to put on and off the guests can do it !!! It’ll save so much money
@jboudie
@jboudie 2 жыл бұрын
this is great advice!
@tracy_cakkes
@tracy_cakkes 2 жыл бұрын
Great idea or a solar heating system
@mybitchinvegankitchen900
@mybitchinvegankitchen900 2 жыл бұрын
This is FALSE! They are NOT EASY TO PUT ON OR REMOVE!!! Omg I spent 3600 on mine and it sits in the pool box! Get a pool heater. Period
@jennijones9176
@jennijones9176 2 жыл бұрын
@@mybitchinvegankitchen900 this isn’t true, I’ve stayed at so many airbnbs with them and it takes less than a minute to take off and 2 minutes to roll it back on
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea Jenni! Would you mind sharing more?
@terynaliya
@terynaliya 2 жыл бұрын
This is such a great video. I really want to get into real estate soon. Even if your profit stays at the minimum of 6k a month, that ends up being around 72k a year. That’s a whole salary or two for some people. So proud of you figuring this stuff out one day at a time!
@1happyfamily775
@1happyfamily775 2 жыл бұрын
I am trying to get into real estate also. We should talk
@nuclearpoweredbrain2211
@nuclearpoweredbrain2211 2 жыл бұрын
How many years to break even, or recoup sunk costs?
@LuisLopez-mz3yl
@LuisLopez-mz3yl 2 жыл бұрын
@@nuclearpoweredbrain2211 I’d say 3-5 years. If it was a regular rental closer to 10, that’s the power of a STR.
@gregkareem9824
@gregkareem9824 2 жыл бұрын
@@1happyfamily775 no she don't want chu simp
@jj-if6it
@jj-if6it 2 жыл бұрын
@@nuclearpoweredbrain2211 yeah they spent $80k at least on the backyard alone...
@rclines001
@rclines001 2 жыл бұрын
My brother purchased a 22 acre lot with a main house, 3 small cabins and 1 big cabin in east Texas a couple years back for about $500k. He turned the 4 cabins into short term rentals on Air BnB. He brings in between $15k and $18k per month. Expenses are about $4.5k per month. He is getting ready to add a 5th cabin. He absolutely loves it. He has super host status too. Already talking to the neighbors about purchasing their land to expand. There is a lot of money in it if you do it right. He was afraid Covid was going to slow him down. Not at all. People wanted to get away from the city during that time.
@jamescc2010
@jamescc2010 2 жыл бұрын
Very nice. He should do UT vid on this airbnb :). Thanks
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea! Would you mind sharing more?
@bwest9840
@bwest9840 2 жыл бұрын
You should add solar for the pool, made a huge difference for us and it pretty much keeps it heated at 82-84 year around!! You can adjust temp if you want, we just usually kept it at 82, which was perfect!!
@radhikapatil1986
@radhikapatil1986 2 жыл бұрын
My family installed solar water heater system 10years ago when solar systems were pretty new and if you live in sunny area like palm springs it's actually pretty effective. Yes intial cost is there and you do need to maintain it time to time but in long term it saves lot of money. Hope this helps. 😊
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
Not to effective. We had solar in Palm Springs. Works in the spring. But in the cold months doesn't really heat much. It's more than just the sun. Your outside temps also affect the temp of the pool and how effective the solar works.
@radhikapatil1986
@radhikapatil1986 2 жыл бұрын
@@RichardDeHaven i should have mentioned that I live in India. And it's true in winters it takes time to heat up because of the angle of the sun rays. But we use it for domestic purposes for the family of 5 (showers etc) not for the pool and it serves it's purpose.
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
@@radhikapatil1986 domestic purposes makes a huge difference and it works great for that purpose. A pool is 10,000 to 15,000 gallons of water. That's a large body of water.
@JimGray65
@JimGray65 2 жыл бұрын
I was thinking the same thing. :)
@ranp237
@ranp237 2 жыл бұрын
I had the same suggestion to my friend and he said the problem with that is that it only work during day time and also keeping the water hot during the day get them evaporated faster so he would need to refill the pool constantly and here in LA water are very expensive
@Shaddyz
@Shaddyz 2 жыл бұрын
This is such a good video! Im looking to purchase a property in Puerto Rico and Airbnb it, the homes there are still slightly cheap and is a vacation area for alot of people. This video definitely helps!! Thank you! 🙌
@Sakuems
@Sakuems 2 жыл бұрын
I think that if people are willing to book a 700$/night house they would appreciate not having a pool fee to heat it up. Maybe you can keep that for the winter months but starting in spring, just add that to the night fee. People are more likely to spend more on the house itself and they know it's expensive due to the pool being heated.
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
In Palm Springs. there is no need to heat the pool in the hot months which is on average 6 to 7 months out of the year. So why have the guests pay more when it's not needed? Soon that 700 a night house becomes 1,000 a night. When you give discounts for weekly and monthly you'll end up giving a discount on the included hidden pool fee as a nightly fee which then you end up losing money.
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea! Would you mind sharing more?
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea! Would you mind sharing more?
@christine1huynh
@christine1huynh 2 жыл бұрын
I have a successful Airbnb and the key is really around launching properly and knowing Airbnb’s algorithm to make sure your listing is on the top of everyone’s search. The first few weeks are very crucial to your success. Also comparing what other places go for on Airbnb isn’t a good indicator of how you’ll do or how you should price your property as it doesn’t account for occupancy rate. There are lots of programs out there where you can buy actual Airbnb data which helps create better projections. I’d love to connect and learn more about your strategy and provide any help or just maybe just a few things you might not have considered to help boost your listing!
@TechWithLukasz
@TechWithLukasz 2 жыл бұрын
Can you share what data tool this is?
@ThinkEddiee
@ThinkEddiee 2 жыл бұрын
@@TechWithLukasz you could use airdna
@AhmedAmin-hc8gd
@AhmedAmin-hc8gd Жыл бұрын
How can I contact you I need help
@rutchjohnson
@rutchjohnson 2 жыл бұрын
You can coil a gardening hose in a spread out pattern on your roof and pump water through it from your pool back into your pool. Have the sun heat the hose with water in it. This is what my Grandpa does to save on pool heating cost.
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
genius
@FarazShaikh09
@FarazShaikh09 2 жыл бұрын
That doesn't work all the time , What if customer wants hot water at night ?
@rutchjohnson
@rutchjohnson 2 жыл бұрын
@@FarazShaikh09 the idea you suggested as an alternative is way better, you’re right…
@FarazShaikh09
@FarazShaikh09 2 жыл бұрын
@@rutchjohnson because I have gone through all this type of situations, I own 2 farm house's in india so i have lil experience in it !
@rutchjohnson
@rutchjohnson 2 жыл бұрын
@@FarazShaikh09 but it’s still a valid approach as a supplement to the expensive heater… lol
@itsnotme07
@itsnotme07 2 жыл бұрын
Pretty cool of you to share this info Shelby! Even if you end up averaging $2-6k/month gross profit over the year...it's making money and the guests will help you improve by making suggestions. I know I offer suggestions all the time when I rent on airbnb and vrbo to the owners from my experience. Plus you'll learn more as you go to help streamline things. 2 wicked smart women running the show. Nice!
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea! Would you mind sharing more?
@CharlieChang
@CharlieChang 2 жыл бұрын
These videos are cool! Great breakdown. I'm gonna book your place some day
@mallorygraf8574
@mallorygraf8574 2 жыл бұрын
I wouldn't call it passive at all. You guys put your blood, sweat and tears plus tons of money into this place. And in the meantime you vlogged the entire job and by doing that, you taught your viewers and/or subscribers what to do or what not to do when renovating a house. So maybe residual income better word? Regardless, you deserve a standing ovation!🥰🥰
@jboudie
@jboudie 2 жыл бұрын
don't forget she also made money from the vlogs of the whole process!
@tracy_cakkes
@tracy_cakkes 2 жыл бұрын
Yes So happy for them Shelby’s done a good job
@ivantejeda
@ivantejeda Жыл бұрын
💡Great idea Mallory! Would you mind sharing more?
@AnthonyRecenello
@AnthonyRecenello 2 жыл бұрын
Shelbers if you made a Skillshare course on how to buy, renovate, and monetize a house, I would watch.
@cozyhome307
@cozyhome307 2 жыл бұрын
Very interesting!! My husband and I run an airbnb in a small town in Wyoming. We don't make nearly as much as you do, winter was quite slow BUT we've been very successful with this endeavor overall. We bought a sad, 100 year old house a year ago. It took my husband just 5 months to flip it, with the help of friends and family. I got to decorate it in the end and I handle all the cleaning, bookings, lawn care in the summer. Snow removal. Most of the communication. I mean, we handle everything ourselves. We're lucky to clear $2500, even in the summer but it's been very rewarding hosting and having everyone so satisfied with what we've done with this old house. With all that said...we are selling our airbnb this fall and moving on to different real estate opportunities. ☺️
@aznpridebuhhd
@aznpridebuhhd 2 жыл бұрын
Wow, I was very shocked by how much it costs to heat a pool! Not something I’ve ever considered or even knew was something that came with owning a pool!
@takingstock163
@takingstock163 2 жыл бұрын
mmm, we are putting in pool heating and guests just expect it, they've no clue how pricey it is. also costing $10K just to install it.
@JimGray65
@JimGray65 2 жыл бұрын
I might invest in Solar or a cover that keeps the pool warm.
@vlogginggamingandcoding
@vlogginggamingandcoding 2 жыл бұрын
If it pays the mortgage, taxes and expenses it's already a great investment. Maybe people are more likely to rent a bigger pool as long as the heating cost is on par with the competition. I think that in the end you might make more by paying some of that heating. But if it looks like it's always fully booked then maybe re-evaluate.
@harrisvangeest5134
@harrisvangeest5134 2 жыл бұрын
Have been making losses trading myself .... I THOUGHT trading on demo account is just like trading the real market .. can anyone help me out or at least advice me on what to do ?
@debbiecowdrey1358
@debbiecowdrey1358 2 жыл бұрын
I literally want to wake up one morning to discover my portfolio is above $60k
@joachimmilberg2313
@joachimmilberg2313 2 жыл бұрын
@@harrisvangeest5134 I will recommend you stop trading on your own if you keep losing and start trading with a professional.
@stevenwalker2117
@stevenwalker2117 2 жыл бұрын
The mentorship from a professional coach should definitely be the first step taken while trading.
@stevenwalker2117
@stevenwalker2117 2 жыл бұрын
@@joachimmilberg2313 This is refreshing coincidence,she has been handling my trade, it’s been a year now and the experience has been amazing.
@OldMan_PJ
@OldMan_PJ 2 жыл бұрын
Look into solar heating for the pool where the water runs through pipes on a roof, it's what my folks had in San Jose, CA and worked great.
@tmetm13
@tmetm13 2 жыл бұрын
im so glad i found this channel. im hesitant about starting this with my moms property but you make it really easy to understand and not hectic like some people. Thank you for that!
@JasonJFlippingLife
@JasonJFlippingLife 2 жыл бұрын
I appreciate how honest you are about your airbnb process. Not all other large KZbinrs are transparent about the realities of short-term rentals.
@DiannaCarney
@DiannaCarney 2 жыл бұрын
Oh my goodness! The gardener!! I need answers!! That’s so odd he never charges you?? Is it going to bill you all at once? Is he in love with you? Were you somehow forgotten about by the bill people?!? Not sure why THATS the detail I’m stuck on but this is gonna haunt me
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
I'm sure he will eventually bill me but it's very odd! lol
@Melorto6969
@Melorto6969 2 жыл бұрын
Excellent video Shelb. Gotta be honest and say I didn't think this experiment would work out. But I gotta eat shit. You two knocked it out of the ballpark. Congratz.
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
Speaking from experience running a vacation rental in the desert. People keep saying include the heating fee don't fully understand how it all works. When you rent a vacation rental in Palm Springs or other cities, there are taxes, resort fees, cleaning fees, pool fees, insurance fee and possibly others. Some of your fees and taxes are based on the per nightly charge. So if you were to include the fees you will end up paying more in fees and taxes than if separated. Pool usually only needs to be heated during the cold few months. 6 to 7 months out of the year it's not really needed so people don't usually pay the heating cost. Jacuzzi is another issue. If it's separate from the pool easier to heat. Heating a pool in palm springs daily for a month averages $3,000 but that is all dependent on the size pool. Our fees are a base nightly charge of 400. Cleaning fee went from 240 to 480. We steam clean everything now. Takes double the time than before covid. We don't keep that money. Goes directly to the professional cleaners. resort fees and taxes are dependent on the nightly base charge. 50 a night pool heating fee is optional, 99 dollar insurance charge (not optional) which goes directly to insurance company in case you break anything. We have used it 3 times. One time to replace the wood flooring cause the guests flooded the house. one of the kids left the bathtub water running while it was plugged and they were gone all day. That was a 12,000 dollar repair job. Another time the guests raised the water heater temp to the highest possible without asking us, which plumbers tell you not to do. The water heater built up pressure and failed. The insurance replaced it at a cost of $1500. Another time a group of bachelorettes plugged up the plumbing with all the feminine products. Plumber was called out to fix the problem and it was 800 dollars to clear the pipes but the insurance paid for it. We will never rent without that insurance policy again. We learned the hard way when guests broke the garage door and we had to pay for the repairs. $2,000. We could have taken the guests to court but they were from out of state. Too much trouble. Dont' forget the service fee that airbnb or vrbo or the others charge too based on your nightly charge.
@seanharding
@seanharding 2 жыл бұрын
Over the years, most of our gardeners have sent us a bill once every 2-8 months 😂 And they never know how much I owe if I just ask them while they happen to be here. I think they just aren't very good at paperwork (or don't like it) so there is no regular cadence, but in my experience they all do eventually ask for their money.
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
okay I figured he would eventually hahah
@lauraelisee
@lauraelisee 2 жыл бұрын
@@ShelbyChurch I would ask him next time! Though free gardening would be nice lol
@amandaplease9403
@amandaplease9403 2 жыл бұрын
that was the funniest part 😂
@Packingpaws
@Packingpaws 2 жыл бұрын
Same. My parents gardener nails them an invoice 🧾 and never seems to know what’s going on regarding finances😂 🌱
@josephaugello1527
@josephaugello1527 2 жыл бұрын
@@ShelbyChurch you are aware there is a battle to ban them in palm springs
@AdrianaGreaves
@AdrianaGreaves 2 жыл бұрын
I’ve loved watching this whole process from when you guys bought the house to now! So cool to see how far the house has come and super exciting to hear that it’s already doing well for you guys on Airbnb!
@ModernJewelryMakers
@ModernJewelryMakers 2 жыл бұрын
Congrats girls!! And of course a BIG Thank You to your dad for all the help!! Though that's what Dad's are for - I'm sure he is very proud! It will be really exciting after a full year to compare the $$ for renovations, etc.. and at what point that breaks even. This has been great to follow & hopefully it has been lucrative content for you as well! Thank you for sharing the journey!
@mitchelltc0913
@mitchelltc0913 2 жыл бұрын
Shelby, you should DEFINITELY make a video about picking your next property based on AirDNA.co data. It’s worked marvels for finding my first property. Cash flowing so much
@NateBee
@NateBee 2 жыл бұрын
Just a couple of thoughts…give your friends or family the house for a couple of long weekends after launch to get a few positive reviews and bump up in the search rankings. List it through the website for cheap and have them pay for it or list it at market price and just pay for it yourself. You’ll have to eat the fees and taxes, but totally worth it! Edit: this will also help you to understand the livability of the house more and allow you to fix any small issues before having “real” renters. Also, you need to charge a separate non-refundable “pool heating fee” throughout the entire year and just let the renter decide. Also that heat cost is close to normal. You should look into a thermal pool cover for non rental days. The sun will help heat the pool…and the sun is free!
@wizzybamf6856
@wizzybamf6856 2 жыл бұрын
I highly recommend getting some solar panels for heating the pool or just to offset your electric bill and charge your Tesla while you’re actually there.
@Philip05932
@Philip05932 2 жыл бұрын
Good luck for the next month! Have seen your whole journey excited to see you succeed in your projects
@AndrewChun791
@AndrewChun791 Жыл бұрын
Omg i just saw this for the first time in March 2023! Holy cow, I can’t believe how far you’ve come, Shelby! 🤯
@electricpenguin32
@electricpenguin32 2 жыл бұрын
From someone living in such a different area it’s crazy to see “$700/night” when my mortgage is under $400/mo 😱 Obviously my home isn’t as nice but my income isn’t either. Just crazy to hear different numbers when I’m so rich in my area but would be so poor somewhere else.
@tracy_cakkes
@tracy_cakkes 2 жыл бұрын
Yeah same here Where I live, a $50K salary is considered ballin lol
@TheKRGS
@TheKRGS 2 жыл бұрын
I think the airbnb cost is meant to be split amongst guests staying at the house. But I agree that it is pricey :P
@whatever_12
@whatever_12 2 жыл бұрын
Do a pool calculation for winter & summer. If it cost $50 more p/d in winter divide it in 2 part $20 goes to the normal heating rate, 30$ Is absorbed by you and regain in summer when heating is less by putting $2+ p/d. The less you increase it in the winter the better, it's a great marketing point to increase sales. I manage hotels private villa and that's what i do, idk if other hotel do the same thing but it's my way and work great so far.
@PaisaWaisa
@PaisaWaisa 2 жыл бұрын
Best wishes for the next month, Shelby :)
@MO-mi7uy
@MO-mi7uy 2 жыл бұрын
Really enjoying hearing more about the behind the scenes of the AirBnb! But its so annoying when influencers advertise non-apple products when they exclusively use apple products any other day!
@lg6134
@lg6134 2 жыл бұрын
Hi Shelby! Thank you for the video! In the annual profit video, can you also include the cost to fully furnish the property and replacement of items you provided (like toiletries, new bedding, new towels, etc.)?
@alberthbyang
@alberthbyang 2 жыл бұрын
ooo congrats on the fully booked March! Good luck with future bookings :)
@mthomas1091
@mthomas1091 2 жыл бұрын
You guys are so inspiring. Thank you for sharing these experiences Shelby!
@joexg50
@joexg50 2 жыл бұрын
I like your honesty tiny gal, good or bad.. You will do LOT better as summer gets closer.. Looking good.
@PeteWentzPlease72
@PeteWentzPlease72 2 жыл бұрын
I’m super curious how many of your bookings mention being a follower of yours vs finding your house organically on Airbnb!
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
I think it’s mostly organically on airbnb!
@annabanana771
@annabanana771 2 жыл бұрын
I would be interested to learn how long it will take to pay off all the renovations and beginning costs you put into the house.
@bondman6262
@bondman6262 2 жыл бұрын
Over time property value goes up, cost of booking goes up, profit goes up, mortgage gets paid down, great stuff
@jonesingforfood6380
@jonesingforfood6380 2 жыл бұрын
Really enjoyed this video. The place looks sick as well! Can I come do food reviews in your Airbnb if I rent it out?
@ScottWallace5
@ScottWallace5 2 жыл бұрын
Was so looking towards this video! Glad to hear after all your hard work the income/profit that you're getting. Keep up the great work!
@ViolaMaster
@ViolaMaster 2 жыл бұрын
Great video! Thanks for sharing! 🙂 As for the pool heating issue, I personally don't want to be charged for something I probably won't use so if it's possible to make it a choice during booking that would be great. So, if I say, I am going to use the pool during my stay, apply the heating fee, thats fine. But if its winter and I just need a space and don't need the pool then I don't want to be applied a general heating fee, I don't think thats fair. If there's an issue with "I planned to use the pool but didn't, can you take off that fee" then write that disclaimer in and make it non-refundable, so people know what to expect. I don't like hidden fees, I want fair and visible fees for services I use.
@jboudie
@jboudie 2 жыл бұрын
While i agree with you that sometimes hidden fees can be bad, i also think most people renting this particular house will be making use of the pool, otherwise why would they book a house with a pool as such a large main amenity? I'd rather rent a house without a pool if i'm just looking for a place to stay, since I'd assume the listing is probably priced higher due to all the awesome amenities (pool, hot tub, etc.) available anyway.
@ViolaMaster
@ViolaMaster 2 жыл бұрын
Thats a good point but what happens when this is the only house big enough in my price range available? I would want a large house that can house a lot of people and the extra amenities are definitely a plus but not really the primary reason. In the summer that would be fine because Shelby said heating a pool doesn't cost much, but in the winter that can become expensive. Either way, I'd personally like the option to choose to pay for a service/product. Just my two cents! 🙂
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
@@ViolaMaster In our vacation rental not everyone chooses the heating fee in the winter. During the hot months which is about 6 months out of the year in Palm Springs there is no need to heat the pool. The water is warm. In the dead of summer heat it's like a jacuzzi. One time we had a client ask if we could dump ice into the pool cause it was so warm in July. The outside temp was 124. The pool was 95. What did they expect. It was a ridiculous request cause it would take a truck load to cool the water and then it would warm back up.
@ViolaMaster
@ViolaMaster 2 жыл бұрын
@@RichardDeHaven I've never met anyone who wanted to go swimming outside in the winter time. Maybe if it was an indoor pool like some gyms have. I can see a hot tub being used though but I don't know the temps in Palm Springs to say something for sure but my earlier comment was just an opinion of mine.
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
@@ViolaMaster Yet in Palm Springs Every renter in our place has paid the heating fee cause they use it. The temps are great here 70s and 80s most winter months.
@shannelsosa
@shannelsosa 2 жыл бұрын
I appreciate that you keep pool costs separate- I don't enjoy pool time much and having an option to opt out is NICE
@efroggys
@efroggys 2 жыл бұрын
Congratulations! You guys worked so hard on this. It makes me want to get into Airbnb. This is a good example of the rich getting richer, but more power to you!
@jboudie
@jboudie 2 жыл бұрын
definitely gave me mixed feelings. on one hand, it's impressive and they did work hard. on the other....ugh more passive income from a secondary property when a lot of people can barely afford a primary residence :/
@tracy_cakkes
@tracy_cakkes 2 жыл бұрын
Yeah not really their fault tho I’d be doing the same in their position Not to mention it’s both Shelby and Monica’s money put into it Most of us don’t have a sibling to split costs with like that in order to make more money
@treeahisazebra
@treeahisazebra 2 жыл бұрын
Hey Shelby! Would be interesting to see if this could be turned into a series or patreon topic as it would be interesting to learn about how this airbnb journey goes for you. Curious to know if you had any concerns about property maintenance over the long run for this airbnb. congrats again on this exciting venture!
@user-hn8wm5xd9f
@user-hn8wm5xd9f 2 жыл бұрын
YOU COULD FIND A CHEAPER HOST FOR ONE HOUSE 3,600 THATS REDICK
@garrettcooper8183
@garrettcooper8183 2 жыл бұрын
I used to think airbnb was very cool and in many instances I still think it can be, however with the increasing housing crisis and growing homelessness population, it is very sad that people are buying properties simply to rent them out, especially people from out of state, which in turn is taking housing away from the city. Congrats anyways on your success!!
@paprika8d9
@paprika8d9 2 жыл бұрын
Yep, airbnbs are a big contribution to the limited family homes available. It’s something I used to want to do and now I can’t even find a home for myself to purchase let alone an investment.
@josephaugello1527
@josephaugello1527 2 жыл бұрын
@@paprika8d9 there is a battle to ban them in palm springs
@nomadhues8606
@nomadhues8606 2 жыл бұрын
People who are able ,will take advantage as much as they can no mater who’s hungry or homeless as long as it’s not them . They will party and profit till the meek inherit the earth
@JimGray65
@JimGray65 2 жыл бұрын
@@nomadhues8606 When I was going to school to better myself. I used to Sleep in my car. I worked hard to go from $7 an hour to making way over 6 figures. I know a lot of people who are not working very hard but are always complaining about the system. I think temp assistance is fine but teaching people how to fish instead of giving them fish might be best.
@nomadhues8606
@nomadhues8606 2 жыл бұрын
@@JimGray65 I agree 100% now take your school age self and image you had to do the same thing today . Way too much nonsense to deal with for what? A chance to be house poor and in debt . Good for you and your 6 figures but much more people in this country make way less then that. Look at the US and how it is crumbling before our eyes and tell me you would still have the same opportunities.Where there’s a will there’s always a way. I’m a realist. the citizens of the US are over leveraged due to the country’s global expansion over the decades . Assistance is not the answer cause that’s just borrowing more from tomorrow which is what the boomer generation has done their whole life passing the buck so now they can pontificate on how hard they work in their day.
@jessicadelaney9296
@jessicadelaney9296 2 жыл бұрын
Hey Shelby! great video as always - i've loved seeing the progression of the palm springs house over the year! Just a heads up: i think your description just needs a double check! :)
@chrisredwoods
@chrisredwoods 2 жыл бұрын
You should build a bread oven where your visitors can cook pizzas while heating the pool very quickly. Run 2 inch metal tubing through the bread oven walls to heat the pool water and circulate it for free. It would add to the desire and uniqueness of your property as well as cutting your bill by $75 each day.
@hello_danielle
@hello_danielle 2 жыл бұрын
Hmm I wonder if having solar would help with heating the pool/electricity costs. Also, do you have it in your current system to ask them if they want to pool heated? They may not even want it heated if they aren't planning on using it. If they have to pay to have it heated it also gives them the option of saving themselves money and having it be cold.
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
yes! People choose to pay additionally to heat the pool, and so far every single booking has done it. Solar pool heating requires a different system to be installed which would be pretty expensive from what I've heard
@kermitcyeh
@kermitcyeh 2 жыл бұрын
Have you thought about solar panels in general on the roof to save on energy costs?
@hello_danielle
@hello_danielle 2 жыл бұрын
@@kermitcyeh ya that’s what I was thinking, not just for the pool. It would be an investment but if it helps costs on a monthly basis, adds to the resale value, and it’s a business expense so you can put in on your taxes. Just overall seems like a good option, maybe something to save up for?
@tracy_cakkes
@tracy_cakkes 2 жыл бұрын
@@hello_danielle yes I definitely would Since their house is basically used for how sunny and warm it is there
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
@@ShelbyChurch We did solar. Not worth it. The pool water temps don't get up there during the winter months in Palm Springs. It helps during spring. We finally had to install a gas heater for the winter cold nights. The ambient temp makes a huge difference with heating a pool through solar. It was about $8,000 for solar heat. So now we use both systems. We set the pool at 82. Solar keeps it there and if it goes below the gas kicks in.
@courtneyswart8216
@courtneyswart8216 2 жыл бұрын
There has to be a better way to navigate the pool situation. A solar cover or panels specifically for the pool heater would be worth expensing. As other comments have mentioned, paying for pool heat would deter me from staying.
@DiannaCarney
@DiannaCarney 2 жыл бұрын
I LOVE the details you’ve continued putting into the place! The balloon animal statue is amazing 🤣💙
@DURTYMAXLML
@DURTYMAXLML 2 жыл бұрын
I need an Airbnb man! Cool Vid!
@abjunk8753
@abjunk8753 2 жыл бұрын
I don't know why but I am so invested in this story. Live for these updates. Looks fabulous. Congratulations.
@WWPTV
@WWPTV 2 жыл бұрын
3:30 Dell XPS or no PC really! I have had 2 XPS laptops. Shelby, I like what you do and I hear what you are saying, but I have made the switch to Mac. It is more of a workflow issue. It isn't perfect and you have to get used to exFAT, but it works. The Air Drop from laptop to phone and Copy/Paste back and forth was worth the change alone.
@johntherat339
@johntherat339 2 жыл бұрын
In the winter months I wouldn't even offer a heated pool and it seems like a huge waste of energy. There's a perfectly working hot tub that should suffice in the winter.
@aayotechnology
@aayotechnology 2 жыл бұрын
Another interesting video, Shelby. But personally I see the pool as a big waste of a lot of fossil fuels...all those you are saving by driving your Tesla! At the very least buy an insulating cover for it. Or install a hot tub. If people aren't willing to pay the FULL cost of heating in the coldest months it says to me they don't really value the heated pool. So don't pay for that out of your own pocket! TTFN
@kermitcyeh
@kermitcyeh 2 жыл бұрын
There is already is a hot tub in the side yard.
@exploringwithbellanoche1286
@exploringwithbellanoche1286 2 жыл бұрын
We stayed at an Airbnb in April in Palm Springs CA called “Casa Nova” OMG that place was amazing! We paid 650 per night and it’s was well worth it. Goodluck on making that money👌
@drdatalearning2213
@drdatalearning2213 2 жыл бұрын
Have you looked into solar for heating the pool or a pool cover? Should help you have some money. There are a few different options for pool covers. An electric pool roller cover is probably the easiest.
@edithgray4278
@edithgray4278 2 жыл бұрын
If not already suggested, a pool blanket uses sunlight to warm the pool water. Check into it :)
@MillaExplores
@MillaExplores 2 жыл бұрын
This is great! I really enjoyed this video, it's so interesting to see how much money you made from airbnb and hopefully you'll continue making lots of money with it. ☺️
@joannegross6813
@joannegross6813 2 жыл бұрын
Congratulations on the growth. This is a GREAT series. And the most informative video out there. Great job.
@bergerfry5424
@bergerfry5424 2 жыл бұрын
Just a thought that may help…Solar cover on your pool will heat , keep it cleaner, and keep heat in.
@DiscoverWithDima
@DiscoverWithDima 2 жыл бұрын
This was great. I would definitely want to get into this myself. Loved the vibe of your Airbnb!
@g.243y.6
@g.243y.6 2 жыл бұрын
This is really helpful information Shelby. I have always enjoyed watching your videos. I think what make your channel different from other people's is that you are very honest with your numbers and actually showing us the numbers, which is super super helpful for us (audience) thinking to getting into similar business. Really really appreciate! I will continue to be your fan and support you! :) Hope you and family have a great year ahead!
@APizzle.
@APizzle. 2 жыл бұрын
Enjoyed the video, thanks! Curious about diving deeper into the ROI/cash-on-cash return - what did you put down on the mortgage (if you had one), expenses/renos for year 1 and what you project for future years... Hearing about the $6-9k profit/m is hard to tell if that's good or bad without knowing what your investment principal is :D
@SALFXEF
@SALFXEF 2 жыл бұрын
Property management fees are usually about 10% of the rental income 18% seems like you're getting taken for a bit of a ride. But then again California's a mess
@peacelife
@peacelife 2 жыл бұрын
Thank you for consistently bring us with great info videos in diff areas
@WWPTV
@WWPTV 2 жыл бұрын
All inclusives are the way to go. Average your heating costs out over the year and then roll it in to the cost. If you have a bigger pool, take a worthy photo. Sell your property's strengths.
@juliamrtn4837
@juliamrtn4837 2 жыл бұрын
So cool that all your hard work is finally paying off!
@orlinchirinos1981
@orlinchirinos1981 2 жыл бұрын
Good 👍🏼 to know the ins and outs your own Airbnb property. The gardener I'm sure he likes you for being you 👍 you're a cool person and a KZbinr.
@Brina_Dee
@Brina_Dee 2 жыл бұрын
Have you considered getting a solar cover for the pool or a solar heater?
@amandalong907
@amandalong907 2 жыл бұрын
California utilities are insane!! $900 a week for heating a pool?? That's crazy.
@jdrou
@jdrou 2 жыл бұрын
This is awesome! I’d love to see more videos like this!
@audriannarice8537
@audriannarice8537 2 жыл бұрын
Awesome work Shelby! You have inspired me to want to do something like this someday with a family member or solo. Congrats on all of your success!
@brandtc.7991
@brandtc.7991 2 жыл бұрын
Thank you for sharing this! I know sharing financials can be scary because of how much people judge, but this really is educational and helps me with financial decisions.
@murraypollard
@murraypollard 2 жыл бұрын
I note in Palm Springs that vacation rentals in Palm Springs have annual limits for guest stays, which is 32 guest stays per calendar year. An additional 4 guest stays are allowed during July , August and September. As a former Landlord of 2 rental houses, I'm not sure how you are going to make money at this unless each stay has a minimum number of days. It would be interesting to see the ROI on this investment, including the time and money spent during the first year set up.
@ShelbyChurch
@ShelbyChurch 2 жыл бұрын
It's a minimum 4 days (except coachella), and then we also plan to do some 28 day+ stays
@elasticharmony
@elasticharmony 2 жыл бұрын
What good summer is there also, it gets very hot.
@josephaugello1527
@josephaugello1527 2 жыл бұрын
@@ShelbyChurch you are aware there is a battle in palm springs to ban air bnbs completely
@jwg529
@jwg529 2 жыл бұрын
@@ShelbyChurch this I don’t understand. If it’s $500/day on the low end who is paying $14k to rent a house for 28 days. I guess some people have way too much money and not enough common sense. It makes my middle class head hurt
@RichardDeHaven
@RichardDeHaven 2 жыл бұрын
@@jwg529 they do it all the time. I have a vacation rental and they pay.
@elfirasser
@elfirasser 2 жыл бұрын
You should invest in Solar Panel (on the Root) for Hearings the pool, would save a lot of money in future 😉
@inthesun3884
@inthesun3884 2 жыл бұрын
Consider getting a pool cover. I think you can get solar ones that will use the sun to heat the pool and also keep the heat in when it's closed. They can be automatic and operated with a switch or key.
@NickFaulkner
@NickFaulkner 2 жыл бұрын
WOW that is crazy, I really want to start an Airbnb even more now!
@AlaskaMelina
@AlaskaMelina 2 жыл бұрын
You should look into a solar pool heater that can go on our roof. My parents place in PSP has it.
@kimberlyduarte2722
@kimberlyduarte2722 2 жыл бұрын
Thanks for sharing Shelby! I found your channel a few years ago and you inspired me to start working on my own stuff. Thank you and I am glad I cam across your channel. Best wishes for you ^_^
@CookingwithYarda
@CookingwithYarda 2 жыл бұрын
I hope, that one day, I will be able to buy my own house !!
@OMGXSUGARXCOOKIEXX
@OMGXSUGARXCOOKIEXX 2 жыл бұрын
Keep in mind that revenue has to be divided in half since the twins both went in on the house (presumably 50/50)
@rockercover
@rockercover 2 жыл бұрын
That natural gas bill… Ouch? I do recall my in ground spa and pool might have been $70.00 *per month* , not per day. 🙃 Might want to get a heater remote control installed.
@SabaandChic
@SabaandChic 2 жыл бұрын
This is great. I'm so happy that you're getting some of your money back. You invested so much! I hope you continue to have much success with this.
@tonyb5586
@tonyb5586 2 жыл бұрын
Hey Shelby, super host here in Florida! I really like what you are doing here. One thing I'd suggest you do is buy all your furniture from IKEA. It's super stylish and cheap. You want to keep your guests feeling like they are having a better experience than a hotel. Also for your slow months try free days! It's crazy how much business I've gotten from word of mouth. If you give away 7 days a month, I promise you that your calendar will always be full! Anyway, wish you the best my friend!
@mazda2621
@mazda2621 2 жыл бұрын
I would put the bathroom renovation money into solar heating the pool.
@Skipper_Jones
@Skipper_Jones 2 жыл бұрын
15k in a month, that's amazing! We just launched an Airbnb in Florida that cost us 180k after home purchase/renovation/furnishings. In March we will be netting 6k so far, but we manage/clean the home.
@EddyGraphic
@EddyGraphic 2 жыл бұрын
The gardener probably has a crush on her 🤣
@rasberry4739
@rasberry4739 2 жыл бұрын
Get solar and a heat pump to heat pool.
@saphiaer
@saphiaer 2 жыл бұрын
Me seeing the initial shot of Shelby opening the Dell and knowing straight away it was a sponsor because she doesn’t use a Dell 😂
@themanironmask
@themanironmask 2 жыл бұрын
Those B roll shots are slick
@nikkiliu0000
@nikkiliu0000 2 жыл бұрын
Learned a lot through this video! Thank you! I wonder how do people find the management team who help you manage the property and what specific things they cover? Maybe next video😆
@9779chelsea
@9779chelsea 2 жыл бұрын
Wow I love this!!! I’ve been wanting to buy a home to use for air bnb and this was so nice to see the number breakdown!
@roxii73
@roxii73 2 жыл бұрын
7:39 what a stunning shot!! Also, really off topic but your hair looks amazing in this 🤩
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