How to Make $3M/Year with Airbnb Business

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UpFlip

UpFlip

Күн бұрын

Since buying their first property in 2009, Sid and Eva have grown their Airbnb business Nicasa to 22 properties that generate up to $400,000 in revenue a month. They talk us through how to start Airbnb hosting for beginners in this video.
This video has been sponsored by Bitrix24. Check out Bitrix24: www.bitrix24.com/~rRjv6
The first question many beginners have about how to start an Airbnb business is how to pay for their first property. The good news is, you don’t need to be rich to invest in real estate. Eva was still in college when she used her student loans to buy her first home. She’ll share how to Airbnb your house based on her experience. You’ll also learn about Airbnb arbitrage and other strategies to get started with little money.
Being an Airbnb host doesn’t need to take up a lot of time, either. Both Sid and Eva work full-time jobs in addition to running their properties. They’ll share the tools they use to run the business efficiently and how they’ve built a team to cut their time commitment down to just a few hours a week.
Nicasa’s consistent bookings are what drive their high revenue and 30% profit margins. Sid and Eva will share their Airbnb listing tips for generating consistently high bookings, as well as their Airbnb set up tips and what guests want out of a property. They’ll also explain the business model they use and how their Airbnb pricing strategy both keeps their revenue high and helps them avoid problem guests.
Anyone who wants to get into the Airbnb industry needs to watch this video! And make sure you check out our other interviews with real estate investors for more tips and advice.
My Journey to $2M/Year in Real Estate ►
• Here's How I Make $2M ...
$100M In Real Estate from Scratch ►
• $100M In Real Estate F...
Resources
www.nicasa.co/ - Find out more about Sid and Eva’s business on their website
www.bitrix24.com/~rRjv6 - Check out Bitrix24
www.upflip.com/academy - Start, Build & Grow Your Business
www.upflip.com/blog/how-to-st... - Our step by step blueprint to starting an Airbnb business
www.upflip.com/podcast - Hear more interviews with business owners on the UpFlip podcast
www.upflip.com/equipment-list... Premier Equipment List
hospitable.com/ - Vacation rental management software
turno.com/ - Resource for Airbnb cleaning services
Timestamps:
00:00 - START
00:48 - Meeting Eva and Sid
01:16 - Getting started
03:18 - Getting first property
04:43 - Finding clients
05:06 - Leschi property
05:21 - Tour of home
05:47 - Managing properties
06:49 - Cost to remodel a home
07:12 - Replacing furnishings
08:52 - Business model
11:07 - Design of Airbnb properties
11:52 - Revenue and margins
12:48 - Factors in choosing properties
15:03 - Investment mistakes
16:09 - Where to find properties
17:14 - Home theater room
17:51 - Scaling an Airbnb business
19:42 - Fan Blitz
20:58 - Booking properties
22:45 - Steps of getting properties
23:55 - Signs of a good investor
24:55 - Rental guest satisfaction
25:41 - Dealing with problem guests
26:19 - Marketing budget
27:21 - In-demand home features
28:00 - What they do differently
29:07 - How to succeed in Airbnb rentals
30:59 - Employees
31:38 - Finding and hiring employees
32:32 - Choosing a name
33:34 - Leadership style
34:57 - Hours worked per week
35:50 - Airbnb management software
37:40 - Attracting clients
39:09 - Airbnb myths
39:51 - Outro
#airbnb #airbnbbusiness #airbnbhostingforbeginners

Пікірлер: 336
@UpFlip
@UpFlip Жыл бұрын
Register your free Bitrix24 account: www.bitrix24.com/~rRjv6
@yourpathmatters
@yourpathmatters Жыл бұрын
We miss the old host
@bekstalasch1543
@bekstalasch1543 8 ай бұрын
@@yourpathmatters Bitrix24 russian company from Moskow
@NokthulaMadondo
@NokthulaMadondo Жыл бұрын
Sid's passion for his business is infectious. He's dropping knowledge bombs all throughout this video. If I were in this space, I would definitely get my notebook and note down his business tips. This was sooo educational.
@UpFlip
@UpFlip Жыл бұрын
Couldn't agree more! What are your takeaways? ☺️
@LivingtheDRdream
@LivingtheDRdream Жыл бұрын
except he said zero or little money needed is lie. you still money for airbnb arbitrage or 20 percent down payment for hard money loan. the only thing that you don’t need money is rent out your individual room out ( house hack )
@zparklezztudioz782
@zparklezztudioz782 Жыл бұрын
I think 🤔 this what happens when a Chinese and Indian brain unite 😅. Just awesome entrepreneurship 🎉
@troyverdialez596
@troyverdialez596 9 ай бұрын
To keep profit margins at 75-80percent occupancy. Absolute genius. if your bookings are lower the 75%, then they are too expensive, if higher, then your bookings are higher then raise the price. Gold. @@UpFlip
@meetube30
@meetube30 6 күн бұрын
​​@@zparklezztudioz782 well they are still Asian though 😂
@lfemmecoure
@lfemmecoure 8 ай бұрын
I have tried renting out my duplex as a vacation home in Florida and it is convenient. I made twice more then working at my full time office job.
@UpFlip
@UpFlip 8 ай бұрын
Wow! That's serious profit and could turn into a full blown airbnb biz. 💪
@butterflynero
@butterflynero 10 ай бұрын
It's my first time seeing people giving actual realistic advices. I had to grab my notes. I came out with 27 points, imagine 🤯
@user-ke6bm2kc8g
@user-ke6bm2kc8g 5 ай бұрын
"I bought a house while in college using student loans!"
@davismarklin
@davismarklin 7 ай бұрын
Great video! Really love how detailed they are on standardization. One thing that slightly bothered me is they are calling the $3m/year their revenue, which it is not. Their revenue is 25% of that or $750,000 if they are doing $3m in total property volume. It would be the same as Airbnb claiming their gross booking volume (e.g. every dollar going into Airbnb) as their revenue.
@LivingtheDRdream
@LivingtheDRdream Жыл бұрын
i’m confuse . he said you don’t no money or very little money but then at 24 mins into the video , they require their homeowner clients to have high quality furnishing and high standard home ( which you will need a lot of money to furnish your home to his standard . everything else he said are on point and it make sense
@777Bviews
@777Bviews Жыл бұрын
2 seconds into the video and the homes look spotless, I'd definitely stay at one of their Airbnb homes
@UpFlip
@UpFlip Жыл бұрын
Very enticing! Thanks for watching and supporting our channel! ☺️
@kwadwogyamfi6428
@kwadwogyamfi6428 Жыл бұрын
😊😊😊😊
@bellad1063
@bellad1063 Жыл бұрын
Binging for months … best interview! Had to grab my notebook because of the sound information 😊
@paragnakhate7844
@paragnakhate7844 Жыл бұрын
Really very informative and encouraging video. Its more practical hence very useful. Thanks a lot.
@TheJeffGeorge
@TheJeffGeorge Жыл бұрын
Standardization is a very interesting thought not just on short term rentals but long term as well. Having the same fixtures and flooring could go a long way. And I definitely will keep this in mind for my rentals!
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your thoughts @ Jeff George - HandyJeff DIY!
@babalolapaulayomide3987
@babalolapaulayomide3987 11 ай бұрын
The love I have for the Airbnb business called Shortlet renting here in Nigeria is so crazy... I have learned a lot from this interview than I have gathered in the Last 2 years of gathering information on the business
@babalolapaulayomide3987
@babalolapaulayomide3987 11 ай бұрын
I got more insight on property management for investors which is the line I’m looking into... Thank you for the free knowledge.
@UpFlip
@UpFlip 11 ай бұрын
Wow! Thank you so much for the feedback. We are beyond happy that you learned a lot from this video. Good luck on your business! ❤🙏
@UpFlip
@UpFlip 11 ай бұрын
Wow! Thank you so much for the feedback. We are beyond happy that you learned a lot from this video. Good luck on your business! ❤🙏
@shanellanderson9791
@shanellanderson9791 Жыл бұрын
I LOVE THIS CHANNEL! started with the lady candle maker video last night and have been binge watching these videos ever since!! Definitely subscribed!
@UpFlip
@UpFlip Жыл бұрын
Welcome aboard @shanellanderson9791 ! So happy you're enjoying our videos! What has been your favorite so far?
@shanellanderson9791
@shanellanderson9791 Жыл бұрын
@@UpFlip Ep 152! Making 100M from scratch in real estate! I took good notes from that one. Loved the tips he shared about getting a lot big enough to place two houses or a row of apartments. Those apartments with the rooftop area were so nice!!
@Emanuel27236
@Emanuel27236 Жыл бұрын
​@@shanellanderson9791 hello ma sorry if am disturbing you please I really wish for your assistance ma, am a African student who is finding it hard to see myself through school due to the bad polices Of the government, please any assistance from you will go a long way to help me start up something for myself, am real am not a scammer am just soliciting for help for whoever wish to help me ,you can call if you wish I can drop my contact for you God bless you as I await your your reply thank.
@Wisdomseeker1028
@Wisdomseeker1028 Жыл бұрын
I love this channel! So much amazing invaluable insight into business! It's so inspiring
@UpFlip
@UpFlip Жыл бұрын
Thanks for watching and supporting our channel!
@miaphillips5113
@miaphillips5113 Жыл бұрын
Super informative video. I took away so many tips for my Airbnb. With all of the comments hating, good! More houses for me to buy 😊
@tanshmay
@tanshmay Жыл бұрын
Downloading this right now! Thank you!
@UpFlip
@UpFlip Жыл бұрын
You most welcome!!
@sirprestige8803
@sirprestige8803 11 ай бұрын
This was soooo good. Very informative and very well presented. Kudos to you 3. Enjoyed every minute of it and saved it to watch again. Thanks
@UpFlip
@UpFlip 11 ай бұрын
We appreciate your kind words! What videos would you like to see more of?
@konfidentlothevirgo
@konfidentlothevirgo 4 ай бұрын
Great tips! Especially having the same furniture pieces in each property
@miamivacation
@miamivacation Жыл бұрын
For earning $20,000 per month you need to list $1200 per night, make sure get 80% occupancy rate every single month.I don’t think it’s truth. My Disney Airbnb single family house with Luxury renovation, 3500 sq ft, can host 18 guests per night, with private swimming pool and a professional home theatre,I only charge $350 per day,just got 60% occupancy rate.
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your piece of the industry. Reason for pricing is the location! Seattle is an expensive place to be in.
@mjpm7888
@mjpm7888 Жыл бұрын
As always you never dissapoint me guys 😎
@jamescc2010
@jamescc2010 10 ай бұрын
Host: 1. How to handle emergencies and cost such as water leak, gas, electrical, fire, major damage to property ? What kind of agreement / contract so both host and owner are on the same page with no conflict (and law suit)?
@jessie90640
@jessie90640 9 ай бұрын
I WAS SO EDUCATED AFTER WATCHING THIS VIDEO. GOT A LOT OF IDEAS NOW.
@chetnakatyal5625
@chetnakatyal5625 7 ай бұрын
thankyou for all the info...gr8 work ,both by the interviewer and interviewees !
@UpFlip
@UpFlip 7 ай бұрын
Thank you! Are you considering running your own Airbnb biz? Hope you learned a thing two from them 💪
@AndrewNguyenOfficial
@AndrewNguyenOfficial Жыл бұрын
This video couldn’t come at a better time! I’ve been looking to start a side hustle in AirBnB.
@ajm-wu6wd
@ajm-wu6wd Жыл бұрын
Just beware of all the squatters now in Airbnb, as well as rental houses. Too many in my area are having issues with professionals (educated individuals with good income) squatting in Airbnb and rentals. Just look into that pitfall before rushing into this one.
@AndrewNguyenOfficial
@AndrewNguyenOfficial Жыл бұрын
@@ajm-wu6wd I didn't even know of that issue. Thank you for pointing that out!
@networth00
@networth00 Жыл бұрын
You're about 10 years too late.
@ajm-wu6wd
@ajm-wu6wd Жыл бұрын
@@AndrewNguyenOfficial My apologies, I don't want to discourage anyone, but please beware of this issue. You can look it up on youtube as well. Good luck kind sir .
@ajm-wu6wd
@ajm-wu6wd Жыл бұрын
@@networth00 I thought it started 2020, but now hearing it's been going on for at least 10 years in California(my state).
@mayraramirez8071
@mayraramirez8071 Жыл бұрын
I own a Drywall construction company, so my funds will go real estate in the future, this my goal ❤.
@UpFlip
@UpFlip Жыл бұрын
That's a great goal @mayraramirez8071 ! What do you think your next step is?
@keqinzhou8070
@keqinzhou8070 Жыл бұрын
What great content, great job NICASA thank you for selflessly share all the amazing tips, wish all the success in your business I would love to work with you!
@UpFlip
@UpFlip Жыл бұрын
Glad to hear you liked it ;)
@BrittanyDLloyd
@BrittanyDLloyd 10 ай бұрын
This video is GOLD! Thank you for sharing....
@philiq18
@philiq18 10 ай бұрын
Their transparency and insight are admirable. Kudos to them.
@SEBAYANI08
@SEBAYANI08 Жыл бұрын
Applause and hats off! These guys are we should all strive for in regards to starting and maintaining any business. Beautiful.
@UpFlip
@UpFlip Жыл бұрын
Thank you @SEBAYANI08 ! What was your favorite part of the video?
@SEBAYANI08
@SEBAYANI08 Жыл бұрын
@@UpFlip quite frankly all of it. I'm looking into becoming an entrepreneur and this video is like a tutorial to start a great Airbnb business AND make it succeed over time. Every bit of it was great. I can't wait to get started owning real estate.
@1donKlanzDon
@1donKlanzDon 3 ай бұрын
Thanx for this video. I might have to use them and see if they willing to do Miami area. I appreciate this video
@UpFlip
@UpFlip 3 ай бұрын
Glad it was helpful!
@katalynnmataperez8748
@katalynnmataperez8748 3 ай бұрын
Wow! I love what you have to offer. I'm looking into starting airbnb, thus is great information... how do you start a management co?
@Yeibiolidia
@Yeibiolidia 11 ай бұрын
I love their model and their energy
@UpFlip
@UpFlip 11 ай бұрын
glad you liked this video! are you interested in having airbnb business?
@Lewis24hrs
@Lewis24hrs Жыл бұрын
This is the Goal for My New Apartments in The future!
@UpFlip
@UpFlip Жыл бұрын
That's so cool @Lewis24hrs ! What do you think your next step will be?
@m77ast
@m77ast Жыл бұрын
Really enjoyed this. Thanks.
@UpFlip
@UpFlip Жыл бұрын
Hope you learned a lot from this video! ☺️
@titop6152
@titop6152 3 ай бұрын
What about squatters is there a video for that please explain 😅
@czxherrjamias2704
@czxherrjamias2704 Жыл бұрын
This is amazing. I am learning so much. ❤
@UpFlip
@UpFlip Жыл бұрын
What are your takeaways? ☺️
@mayraramirez8071
@mayraramirez8071 Жыл бұрын
Wow, wish I can work free part time weekends in exchange to learn from them for this people 😊
@UpFlip
@UpFlip Жыл бұрын
We certainly learned a ton from them. Thanks for watching! ☺️
@Boostly
@Boostly 9 ай бұрын
26:52 don’t forget direct bookings
@omarghosn8655
@omarghosn8655 11 ай бұрын
AirBnB stories are quite misleading because it has now become very competitive and if you had started a couple years ago like this couple and have built up reviews you are much more likely to continue to be successful - much much harder for someone to come in new. Also there are many places where your rental income yield is not very good due to high property values. So not everybody can buy a house for $15,000 and rent it for $500/m...that is unheard of in many places. I love in an area where you cannot find deals so you are assured a yield of 10% or less.
@tcb7098
@tcb7098 Жыл бұрын
Great videos...be nice to see more online businesses.
@UpFlip
@UpFlip Жыл бұрын
Glad you like them @tcb7098 ! What kind of online businesses would you like to see?
@tcb7098
@tcb7098 Жыл бұрын
@UpFlip nothing particular....just something a person could do even for a side job to make money....lot of people have ideas just don't know where to start.....I've had shopify store and had a few sales....but need faster shipping times, Aliba alternatives......or maybe a .....oh a food order business like oh .....nuts or something. Coffee is popular. Some suppliers will put your logo on the items for you for Coffee or nuts or whatever. I've had the pressure washer idea before.... those are good videos
@vincentlim3968
@vincentlim3968 3 ай бұрын
Who's your writer? Excellent interview questions!!!!! This was generously informative. Keep it up guys!
@UpFlip
@UpFlip 3 ай бұрын
Thank you!! Are you also in real estate?
@princekwadzokpoe5983
@princekwadzokpoe5983 Жыл бұрын
Great content👍
@UpFlip
@UpFlip Жыл бұрын
Thanks @princekwadzokpoe5983 ! Was there a part that you particularly liked?
@rafal9405
@rafal9405 11 ай бұрын
Great content. I'm aiming to start this business in Suffolk UK
@UpFlip
@UpFlip 10 ай бұрын
Thank you! And you got this! Let us know how it goes, will you? ☺️
@Lik3ToSing
@Lik3ToSing Жыл бұрын
Hope more rules coming for airbnb
@UpFlip
@UpFlip Жыл бұрын
Did you learn a lot from this video? What are your takeaways? ☺️
@Usctrojanduo
@Usctrojanduo 5 ай бұрын
Sid and Eva are amazing
@turgayaydnllar1407
@turgayaydnllar1407 11 ай бұрын
Thank you
@UpFlip
@UpFlip 11 ай бұрын
You're welcome! Thanks for watching. ❤
@lailamuhammad6889
@lailamuhammad6889 11 ай бұрын
thanks for the info.
@UpFlip
@UpFlip 11 ай бұрын
No problem! Thanks for the support. 🙂
@jeffreynguyen2574
@jeffreynguyen2574 8 ай бұрын
Did you guys see their credentials? The guy is a Wharton MBA and the wife is a Michigan MBA, UCLA undergrad in finance and Microsoft employee. No wonder his business is so organized.
@UpFlip
@UpFlip 8 ай бұрын
They're a power couple! They converse in numbers and it's amazing! 🔥
@afrikikianimation435
@afrikikianimation435 Ай бұрын
That makes sense. I could tell there was something different about them. They are building synergy and looking at long term potential in both rental and human capital.
@Tom.2005
@Tom.2005 10 ай бұрын
Did you change the thumbnail because I’ve never seen this thumbnail when I watched it last time it was a man in front of a white big house?
@AllyMzee-st2yk
@AllyMzee-st2yk 9 күн бұрын
great ellaboration
@nicknico4121
@nicknico4121 Жыл бұрын
Watch out for local regulations. Where I live everybody needs a hotel certification now.
@UpFlip
@UpFlip Жыл бұрын
That's true. Before operating any business, always consult with your local business lawyers. Curious to know where you live?
@nicknico4121
@nicknico4121 Жыл бұрын
@@UpFlip Montreal (Canada). Law changed this year, not enough apartments available for citizens.
@saras.raywhite
@saras.raywhite 7 ай бұрын
I love this. Very inspiring.
@MichelleBarhamblog
@MichelleBarhamblog 11 ай бұрын
Great information.❤
@UpFlip
@UpFlip 11 ай бұрын
Glad it was helpful!
@hosackies
@hosackies 9 ай бұрын
sounds sus that they can get 500-1k/NIGHT... that's too good to be true. And are they also implying that their fill rate is 100%?
@hollywoodhomes4373
@hollywoodhomes4373 4 ай бұрын
They said 85%
@abhishekti
@abhishekti 2 ай бұрын
The mind of an IITian !!
@bboylorettoEight08
@bboylorettoEight08 Жыл бұрын
That’s amazing
@UpFlip
@UpFlip Жыл бұрын
We hope you enjoyed the video - thank you for watching! ☺️
@marlynfana6679
@marlynfana6679 Ай бұрын
Great information
@namrehh
@namrehh Жыл бұрын
this feels like a market thats peaking
@UpFlip
@UpFlip Жыл бұрын
It is! We appreciate you tuning in! Thank you! ☺️
@wackpattynacknick
@wackpattynacknick 11 ай бұрын
This couple just gave you a short versioned AirBnb MBA
@UpFlip
@UpFlip 10 ай бұрын
They sure did! They're really knowledgeable and generous with their wisdom☺️
@righteousone1
@righteousone1 Жыл бұрын
These type of first time investors are going to lose everything in a few years once we're deep in a recession.
@Most.Palone900
@Most.Palone900 Ай бұрын
Would be nice to see an update on this strategy.
@anamonroy6521
@anamonroy6521 Ай бұрын
Do you have to buy the Toiletries and decoration or the owner does?
@UpFlip
@UpFlip Ай бұрын
It depends! Sometimes your cleaning team can handle that for you.
@franknorth1573
@franknorth1573 11 ай бұрын
How do you buy a house for $15,000 in Seattle or anywhere else for that matter Even in bum f*** Idaho it's more than 15,000 for a home
@marisolvillanuevathebuilder
@marisolvillanuevathebuilder 9 ай бұрын
Wow he’s amazing and smart
@UpFlip
@UpFlip 9 ай бұрын
Couldn't help but admire him at what he does too! 👊
@u2damoney
@u2damoney Жыл бұрын
debt to income ratio?
@UpFlip
@UpFlip Жыл бұрын
To learn more about it, please keep on watching! ☺️
@afrikikianimation435
@afrikikianimation435 Ай бұрын
What the lady did with her student loans I don’t believe is legal but I am impressed.
@UpFlip
@UpFlip Ай бұрын
She's made a very smart move! 👏
@mohdnazam6466
@mohdnazam6466 Жыл бұрын
Nice content ❤️
@UpFlip
@UpFlip Жыл бұрын
Thanks!
@mohdnazam6466
@mohdnazam6466 Жыл бұрын
Thanks for reply
@LuanaOnMaui
@LuanaOnMaui Жыл бұрын
AirBnB’s are ruining the housing situation on Maui. People who don’t even live here buy up all these houses and condo’s for AirBnB/Vrbo. Maui people have no where for their families to LIVE because of all of the short-term rentals everywhere.
@V1N_574
@V1N_574 Жыл бұрын
Yeah but with enough money you can forget about ethics and empathy. I really hate this kind of videos is just a slap in the face to everyone that can't afford a house because of businesses like this. Legally they are ok but ethically I could never seeing the state of things.
@LuanaOnMaui
@LuanaOnMaui Жыл бұрын
@@V1N_574 - So true. I’m glad the people in the video are so successful at this, but these kinds of short-term rentals are an absolute nightmare here on Maui.
@UpFlip
@UpFlip Жыл бұрын
We are so sorry to hear about the situation in Maui. :(
@davidpham9353
@davidpham9353 Жыл бұрын
let me guess. You are local right ? And I own 9 listings here, so whats up :)) Look like I give a F ? Just move . thats it. Btw, I live in San Francisco :))
@LuanaOnMaui
@LuanaOnMaui Жыл бұрын
@@UpFlip - It’s the current situation here. The county and state are cracking down on the illegal short-term rentals and the nuisance ones that are located in residential neighborhoods where they don’t belong.
@sutats
@sutats 10 ай бұрын
Did anyone else get an Airbnb ad with this video?
@hajs8273
@hajs8273 2 ай бұрын
Smart couple!
@jessed6379
@jessed6379 Жыл бұрын
Makes no sense to have 20 of the same coffee makers because if one coffee maker goes down you don't have to replace it with the same exact brand
@UpFlip
@UpFlip Жыл бұрын
Interesting point @jessed6379 !
@Andre-jp4yt
@Andre-jp4yt Жыл бұрын
common sense is not so common.
@Eliaschanel-te7rs
@Eliaschanel-te7rs 11 ай бұрын
it's cool,great idea!
@UpFlip
@UpFlip 11 ай бұрын
Glad you like it! Thank you!
@youtubeessentials2996
@youtubeessentials2996 2 ай бұрын
wow this video was very helpful
@UpFlip
@UpFlip 2 ай бұрын
Glad you found it helpful! Did it inspire you to start exploring opportunities in this industry? ☺️
@MedAli_Tube
@MedAli_Tube Ай бұрын
i'm wondring does the owner alow you arbitrage his own properitie, is that legal in usa? and thinks for all i'm from morocco
@UpFlip
@UpFlip Ай бұрын
It all boils down to the specific state law and what the property owner's rules are.
@james33338
@james33338 2 күн бұрын
I just got an offer declined on a home I was trying to purchase in my small coastal town I’ve lived, rented and been a community member in for almost 10 years because a guy from out of town wanted to start an airbnb and had all cash to do it.
@onetwo4932
@onetwo4932 Жыл бұрын
states are breaking down on airbnbs
@UpFlip
@UpFlip Жыл бұрын
Thank you for taking the time to watch! ☺️
@dr.noemachaplin7208
@dr.noemachaplin7208 4 ай бұрын
Airbnb - is a good business.
@UpFlip
@UpFlip 4 ай бұрын
You're right! Thanks for watching ☺️
@sharminfaraj5550
@sharminfaraj5550 9 ай бұрын
but if they sell all houses and buy a hotel is more easier and manageable.
@mrmadden6097
@mrmadden6097 Жыл бұрын
How can I reach out to them to ask em stuff
@UpFlip
@UpFlip Жыл бұрын
They do have a website. Link’s in the description! ☺️
@JamesRoy_
@JamesRoy_ 5 ай бұрын
Which books did he recommend?
@UpFlip
@UpFlip 5 ай бұрын
He recommended How To Win Friends and Influence People by Dale Carnegi and Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel! ☺️
@akshaykamathb2788
@akshaykamathb2788 Ай бұрын
8:57 amazon flywheel
@dontclickme17
@dontclickme17 11 ай бұрын
So these guys hog up houses on the Seattle market to make millions when buying a house in Seattle isn't hard/ expensive enough. Thanks
@greekbarrios
@greekbarrios 6 ай бұрын
This is the last thing the reeling real estate market needs right now, as an Air BnB investor i think due to the similar mode of operation like WeWork, we might soon be run off the market. Essentially why i'm at large for exit measures or where to allocate $1m
@keithmugisha6417
@keithmugisha6417 Жыл бұрын
Their kids are gonna be geniuses!
@ahberlowkz852
@ahberlowkz852 Жыл бұрын
Racist
@tf2368
@tf2368 Жыл бұрын
You don’t have to be a genius for a property business
@kingofkings9
@kingofkings9 Жыл бұрын
I doubt that
@UpFlip
@UpFlip Жыл бұрын
Thank you for watching and engaging with the content! ☺️
@nobodystaysawaketotheend9848
@nobodystaysawaketotheend9848 Жыл бұрын
Toronto only allow one Airbnb property per owner and it has to be principal residence
@V1N_574
@V1N_574 Жыл бұрын
Wish it was like that in the states also.
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing that info with the community! ☺️
@juicylyricstv1640
@juicylyricstv1640 Жыл бұрын
Get in touch with a CPA FIRM
@UpFlip
@UpFlip Жыл бұрын
Noted on your suggestion ☺️
@narreshgunda8257
@narreshgunda8257 Жыл бұрын
Super
@UpFlip
@UpFlip Жыл бұрын
We appreciate you tuning in! Thank you! ☺️
@narreshgunda8257
@narreshgunda8257 Жыл бұрын
@@UpFlip I am from India HYDERABAD 🇮🇳
@HT_Ray
@HT_Ray 2 ай бұрын
Seasoned Airbnb experts
@UpFlip
@UpFlip 2 ай бұрын
They absolutely are!
@Sanholomc
@Sanholomc Жыл бұрын
I didn't know you could use your student loans to buy a house
@groomergirl6642
@groomergirl6642 Жыл бұрын
Its likely from the overpayments you get after tuition and books are covered.
@ElectroWits
@ElectroWits Жыл бұрын
Tuition can cover many type of authorized expenses. Rent/mortgage is one of them
@UpFlip
@UpFlip Жыл бұрын
You certainly could! Thanks for watching! ☺️
@VoltHaul
@VoltHaul 11 ай бұрын
People: "man, housing has gotten really expensive" Also people: "hurray to those driving prices up"
@michaelwolff264
@michaelwolff264 11 ай бұрын
I make 200k a month with airbnb…
@nicolescarlett4618
@nicolescarlett4618 Ай бұрын
Which country and how many properties ?
@thewildkhalid4416
@thewildkhalid4416 24 күн бұрын
Like how??
@ahmedakthar5193
@ahmedakthar5193 24 күн бұрын
Stop lying
@simon7474
@simon7474 15 күн бұрын
I make more than you do. 😎
@michaelwolff264
@michaelwolff264 14 күн бұрын
@@simon7474 my comment was ironic….🙄
@SecretOfUnitedStates
@SecretOfUnitedStates Ай бұрын
Good
@UpFlip
@UpFlip Ай бұрын
We hope you enjoyed the video - thank you for watching! ☺️
@SurfLouco
@SurfLouco Жыл бұрын
Basically the company profits between $15k to $30k per month, let's say around 250k per year profit. For the company. Then the company has to pay taxes on that $250k. Then you have more taxes if they want to take the money to their own bank account. So in the end, they get like 50k each or less.
@charliekennelly8112
@charliekennelly8112 Жыл бұрын
Ownership is key to Airbnb's in my opinion. The equity built by renters and tax (depreciation) benefits for only a few homes is enough to retire on.
@onlyitj
@onlyitj Жыл бұрын
What kind of calculation is that, they are married, you think they paid 150k tax on 250k income? The tax would be around 20 to 30 percent max. So there take home is 180k to 200k
@SanaatanSatyaHai
@SanaatanSatyaHai Жыл бұрын
@@onlyitj Also its a business and there are a lot of tax havens
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your thoughts! We appreciate you tuning in! Thank you! ☺️
@Therealclayton
@Therealclayton Жыл бұрын
@@onlyitjright? How do you pay 150k taxes on 250k profit? 😂
@meetube30
@meetube30 6 күн бұрын
Btw how is the indian guy on h1b making money on rental property? Did he get gc from this lady?
@mybootscamewithoutstraps
@mybootscamewithoutstraps Жыл бұрын
The only thing I think about is how these people make a ton of money by making sure 22 properties cannot be purchased by others to have as their primary residence.
@UpFlip
@UpFlip Жыл бұрын
Thanks for sharing your opinion!
@sohrobby
@sohrobby 9 ай бұрын
Who cares about the housing crisis in Seattle?! As long as they get theirs right? 😂
@mybootscamewithoutstraps
@mybootscamewithoutstraps 9 ай бұрын
They get theirs and 22 other families get told to deal with it. Fair deal!@@sohrobby
@afrikikianimation435
@afrikikianimation435 Ай бұрын
Very smart couple
@UpFlip
@UpFlip Ай бұрын
Smartest we've interviewed! 🔥
@pauln7029
@pauln7029 Жыл бұрын
Nobody is renting from Airbnb, we know it ain't even worth it anymore
@UpFlip
@UpFlip Жыл бұрын
@pauln7029 Believe it or not, AirBnB is still reporting a 16% to 21% growth in 2023 Q1!
@nyrubin
@nyrubin Жыл бұрын
So 900x365 doesn’t even come close to 3 million on 7 properties. But that’s renting it for 900 per day he mentioned it goes as low as 300 per day. Ama call another cap. 85% occupancy a year we’re getting further away from the 3 million a year lol
@UpFlip
@UpFlip Жыл бұрын
They have more properties. To learn more about it, please keep on watching! ☺️
@nyrubin
@nyrubin Жыл бұрын
@@UpFlip not what the thumbnail saids lol
@Chiszle
@Chiszle Ай бұрын
@@nyrubinRelevant but perhaps not on this video: Rule of thumb on house tours and the likes is that any amount thrown out there is actually double of what it really is at a yearly peak. I am a video editor and I cannot stand the amount of lying that clients expect me to just gloss over. They bend facts and numbers and I have to cut dialog and video to remove anything that gives away the truth. Lying is the norm currently.
@worldofmusicsa
@worldofmusicsa 10 ай бұрын
Its not passive
@yeetboi268
@yeetboi268 8 ай бұрын
Its passive if you use their management service
@inwonderland5539
@inwonderland5539 5 ай бұрын
People making this much on air bnb is why rent is so dang high
@ingamingyt7188
@ingamingyt7188 Жыл бұрын
I am join your business plzz help
@UpFlip
@UpFlip Жыл бұрын
If you want to learn the nitty gritty of starting any business, please head on over to our blog and listen to our podcast for more detailed information. Best of luck! 👊
@TheeLaosD
@TheeLaosD 9 ай бұрын
🥺
@UpFlip
@UpFlip 8 ай бұрын
Thanks for watching and supporting our channel! ☺️
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