How to Make $3M/Year with Airbnb Business

[@UpFlip]

Register your free Bitrix24 account: www.bitrix24.com/~rRjv6

[@yourpathmatters]

We miss the old host

[@bekstalasch1543]

@@yourpathmatters Bitrix24 russian company from Moskow

[@NokthulaMadondo]

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]

Couldn't agree more! What are your takeaways? ☺️

[@LivingtheDRdream]

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]

I think 🤔 this what happens when a Chinese and Indian brain unite 😅. Just awesome entrepreneurship 🎉

[@troyverdialez596]

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]

​​@@zparklezztudioz782 well they are still Asian though 😂

[@lfemmecoure]

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]

Wow! That's serious profit and could turn into a full blown airbnb biz. 💪

[@Lanainvestor]

what zip code?

[@butterflynero]

It's my first time seeing people giving actual realistic advices. I had to grab my notes. I came out with 27 points, imagine 🤯

[@AnnaMeredith-e1m]

"I bought a house while in college using student loans!"

[@abdullahimussa2309]

What about sharing it here. Just take a pic of ur notes, copy and paste them from google lens(search). And thanks

[@777Bviews]

2 seconds into the video and the homes look spotless, I'd definitely stay at one of their Airbnb homes

[@UpFlip]

Very enticing! Thanks for watching and supporting our channel! ☺️

[@kwadwogyamfi6428]

😊😊😊😊

[@babalolapaulayomide3987]

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]

I got more insight on property management for investors which is the line I’m looking into... Thank you for the free knowledge.

[@UpFlip]

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]

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! ❤🙏

[@davismarklin]

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.

[@aguiarmatth]

This is click bait but the video is completely detailed with rralistic experience

[@AndrewNguyenOfficial]

This video couldn’t come at a better time! I’ve been looking to start a side hustle in AirBnB.

[@AndrewNguyenOfficial]

@@ajm-wu6wd I didn't even know of that issue. Thank you for pointing that out!

[@networth00]

You're about 10 years too late.

[@jeffreynguyen2574]

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]

They're a power couple! They converse in numbers and it's amazing! 🔥

[@afrikikianimation435]

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.

[@bellad1063]

Binging for months … best interview! Had to grab my notebook because of the sound information 😊

[@shanellanderson9791]

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]

Welcome aboard @shanellanderson9791 ! So happy you're enjoying our videos! What has been your favorite so far?

[@shanellanderson9791]

@@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]

​@@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.

[@TheHandyJeff]

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]

Thanks for sharing your thoughts @ Jeff George - HandyJeff DIY!

[@paragnakhate7844]

Really very informative and encouraging video. Its more practical hence very useful. Thanks a lot.

[@mayraramirez8071]

I own a Drywall construction company, so my funds will go real estate in the future, this my goal ❤.

[@UpFlip]

That's a great goal @mayraramirez8071 ! What do you think your next step is?

[@elivan1700]

Didn't wait time makes money in real estate

[@miaphillips5113]

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 😊

[@SEBAYANI08]

Applause and hats off! These guys are we should all strive for in regards to starting and maintaining any business. Beautiful.

[@UpFlip]

Thank you @SEBAYANI08 ! What was your favorite part of the video?

[@SEBAYANI08]

@@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.

[@konfidentlothevirgo]

Great tips! Especially having the same furniture pieces in each property

[@miamivacation]

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]

Thanks for sharing your piece of the industry. Reason for pricing is the location! Seattle is an expensive place to be in.

[@geoleo2597]

Yeah some of the figures they quoted maybe are a bit unrealistic. In a perfect world 80% occupancy is great. But I think 60% is more realistic. So if you put your property on the STR market given this % you will be better off

[@mjpm7888]

As always you never dissapoint me guys 😎

[@sirprestige8803]

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]

We appreciate your kind words! What videos would you like to see more of?

[@LuanaOnMaui]

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]

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]

@@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]

We are so sorry to hear about the situation in Maui. :(

[@davidpham9353]

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]

@@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.

[@LivingtheDRdream]

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

[@Wisdomseeker1028]

I love this channel! So much amazing invaluable insight into business! It's so inspiring

[@UpFlip]

Thanks for watching and supporting our channel!

[@vincentlim3968]

Who's your writer? Excellent interview questions!!!!! This was generously informative. Keep it up guys!

[@UpFlip]

Thank you!! Are you also in real estate?

[@tansmay23]

Downloading this right now! Thank you!

[@UpFlip]

You most welcome!!

[@jessie90640]

I WAS SO EDUCATED AFTER WATCHING THIS VIDEO. GOT A LOT OF IDEAS NOW.

[@omarghosn8655]

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.

[@BrittanyDLloyd]

This video is GOLD! Thank you for sharing....

[@Boostly]

26:52 don’t forget direct bookings

[@keqinzhou8070]

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]

Glad to hear you liked it ;)

[@geoleo2597]

Great ideas 💡 and education. I think the very first most important factor even before location is determining the potential for STR local law changes. Many municipalities have restrictions making STRs very difficult or not feasible. I guess in Seattle STRs are not as restricted as other municipalities. In Hawaii being a high tourist destination STRs were booming. But the hotels and tourism boards are more politically connected than your average private homeowner. Soon after the new regulations came out many of the STR investors sold their properties, many at a loss. They didn’t have a well defined exit strategy. Of course no one has a crystal ball for future political changes. But due diligence should include researching the political climate of the area you’re considering buying. Next have a clear exit strategy in case STRs become too restrictive.

[@philiq18]

Their transparency and insight are admirable. Kudos to them.

[@Yeibiolidia]

I love their model and their energy

[@UpFlip]

glad you liked this video! are you interested in having airbnb business?

[@1Don42_1Klanz]

Thanx for this video. I might have to use them and see if they willing to do Miami area. I appreciate this video

[@UpFlip]

Glad it was helpful!

[@charitybatzlen6473]

watched more than 2 times !!! thank you for uploading

[@Lewis24hrs]

This is the Goal for My New Apartments in The future!

[@UpFlip]

That's so cool @Lewis24hrs ! What do you think your next step will be?

[@jamescc2010]

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)?

[@chetnakatyal5625]

thankyou for all the info...gr8 work ,both by the interviewer and interviewees !

[@UpFlip]

Thank you! Are you considering running your own Airbnb biz? Hope you learned a thing two from them 💪

[@mayraramirez8071]

Wow, wish I can work free part time weekends in exchange to learn from them for this people 😊

[@UpFlip]

We certainly learned a ton from them. Thanks for watching! ☺️

[@titop6152]

What about squatters is there a video for that please explain 😅

[@hosackies]

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]

They said 85%

[@czxherrjamias2704]

This is amazing. I am learning so much. ❤

[@UpFlip]

What are your takeaways? ☺️

[@afrikikianimation435]

What the lady did with her student loans I don’t believe is legal but I am impressed.

[@UpFlip]

She's made a very smart move! 👏

[@nonsomichael3321]

i learnt so much from this, you guys are doing great

[@UpFlip]

Glad you found it helpful! Hope what you learn here helps unlock a new level of success! 🚀

[@KM_TwinCities]

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?

[@tcb7098]

Great videos...be nice to see more online businesses.

[@UpFlip]

Glad you like them @tcb7098 ! What kind of online businesses would you like to see?

[@tcb7098]

@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

[@sutats]

Did anyone else get an Airbnb ad with this video?

[@wackpattynacknick]

This couple just gave you a short versioned AirBnb MBA

[@UpFlip]

They sure did! They're really knowledgeable and generous with their wisdom☺️

[@rafal9405]

Great content. I'm aiming to start this business in Suffolk UK

[@UpFlip]

Thank you! And you got this! Let us know how it goes, will you? ☺️

[@namrehh]

this feels like a market thats peaking

[@UpFlip]

It is! We appreciate you tuning in! Thank you! ☺️

[@righteousone1]

These type of first time investors are going to lose everything in a few years once we're deep in a recession.

[@JoeSlaxon]

Would be nice to see an update on this strategy.

[@Usctrojanduo]

Sid and Eva are amazing

[@m77ast]

Really enjoyed this. Thanks.

[@UpFlip]

Hope you learned a lot from this video! ☺️

[@rira12621]

People: "man, housing has gotten really expensive" Also people: "hurray to those driving prices up"

[@Tom.2005]

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?

[@nicknico4121]

Watch out for local regulations. Where I live everybody needs a hotel certification now.

[@UpFlip]

That's true. Before operating any business, always consult with your local business lawyers. Curious to know where you live?

[@nicknico4121]

@@UpFlip Montreal (Canada). Law changed this year, not enough apartments available for citizens.

[@gnome2024]

Im at minute 18:58... $836 just in airbnb fees is why I will never support airbnbs. Just ridiculous. You can get a nice spacious hotel in downtown for $2600 on those same dates with walking distance to everything. Or you can do boutique hotels or boutique management companies like Sonder and get a two bedroom house/apartment on those same dates for $2100 out the door. Compare that with $4,900 these people are charging. Double the price! Unbelievable.

[@UpFlip]

Thank you for sharing your opinion! It's very important for us to hear all sides. Thanks for watching! ☺️

[@CALIRedHood]

You forgot to add that you get no room service and no.hotel amenities, and they expect you to wash the towels and blankets before checkout.

[@Lik3ToSing]

Hope more rules coming for airbnb

[@UpFlip]

Did you learn a lot from this video? What are your takeaways? ☺️

[@MichelleBarhamlifestyle]

Great information.❤

[@UpFlip]

Glad it was helpful!

[@mohdnazam6466]

Nice content ❤️

[@UpFlip]

Thanks!

[@mohdnazam6466]

Thanks for reply

[@SurfLouco]

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]

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]

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]

@@onlyitj Also its a business and there are a lot of tax havens

[@UpFlip]

Thanks for sharing your thoughts! We appreciate you tuning in! Thank you! ☺️

[@Therealclayton]

@@onlyitjright? How do you pay 150k taxes on 250k profit? 😂

[@abhishekti]

The mind of an IITian !!

[@keithmugisha6417]

Their kids are gonna be geniuses!

[@ahberlowkz852]

Racist

[@tf2368]

You don’t have to be a genius for a property business

[@JayandLisa]

I doubt that

[@UpFlip]

Thank you for watching and engaging with the content! ☺️

[@AllyMzee-st2yk]

great ellaboration

[@mybootscamewithoutstraps]

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]

Thanks for sharing your opinion!

[@sohrobby]

Who cares about the housing crisis in Seattle?! As long as they get theirs right? 😂

[@mybootscamewithoutstraps]

They get theirs and 22 other families get told to deal with it. Fair deal!@@sohrobby

[@make575perday]

"Opportunities don't happen, you create them." _Chris Grosser

[@UpFlip]

Well said. We appreciate you tuning in! Thank you! ☺️

[@saras.raywhite]

I love this. Very inspiring.

[@jessed6379]

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]

Interesting point @jessed6379 !

[@Andre-jp4yt]

common sense is not so common.

[@spuggeddiee848]

I want to get into this

[@UpFlip]

If you want to learn the nitty gritty of starting this business, please head on over to our blog and listen to our podcast for more detailed information. Best of luck! 👊

[@marlynfana6679]

Great information

[@dr.noemachaplin7208]

Airbnb - is a good business.

[@UpFlip]

You're right! Thanks for watching ☺️

[@lailamuhammad6889]

thanks for the info.

[@UpFlip]

No problem! Thanks for the support. 🙂

[@turgayaydnllar1407]

Thank you

[@UpFlip]

You're welcome! Thanks for watching. ❤

[@youtubeessentials2996]

wow this video was very helpful

[@UpFlip]

Glad you found it helpful! Did it inspire you to start exploring opportunities in this industry? ☺️

[@akshaykamathb2788]

8:57 amazon flywheel

[@nyrubin]

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]

They have more properties. To learn more about it, please keep on watching! ☺️

[@nyrubin]

@@UpFlip not what the thumbnail saids lol

[@Chiszle]

@@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.

[@Sanholomc]

I didn't know you could use your student loans to buy a house

[@ggps8161]

Its likely from the overpayments you get after tuition and books are covered.

[@ElectroWits]

Tuition can cover many type of authorized expenses. Rent/mortgage is one of them

[@UpFlip]

You certainly could! Thanks for watching! ☺️

[@onetwo4932]

states are breaking down on airbnbs

[@UpFlip]

Thank you for taking the time to watch! ☺️

[@marisolvillanuevathebuilder]

Wow he’s amazing and smart

[@UpFlip]

Couldn't help but admire him at what he does too! 👊

[@greekbarrios]

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

[@Eliaschanel-te7rs]

it's cool,great idea!

[@UpFlip]

Glad you like it! Thank you!

[@Ray_eddi]

Seasoned Airbnb experts

[@UpFlip]

They absolutely are!

[@bboylorettoEight08]

That’s amazing

[@UpFlip]

We hope you enjoyed the video - thank you for watching! ☺️

[@michaelwolff264]

I make 200k a month with airbnb…

[@nicolescarlett4618]

Which country and how many properties ?

[@Ishowspeedfans101]

Like how??

[@ahmedakthar5193]

Stop lying

[@simon7474]

I make more than you do. 😎

[@michaelwolff264]

@@simon7474 my comment was ironic….🙄

[@anamonroy6521]

Do you have to buy the Toiletries and decoration or the owner does?

[@UpFlip]

It depends! Sometimes your cleaning team can handle that for you.

[@u2damoney]

debt to income ratio?

[@UpFlip]

To learn more about it, please keep on watching! ☺️

[@franknorth1573]

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

[@ladesigner8764]

Taking housing away from locals, increasing housing costs. Glad the bubble has burst. Sell your Airbnb at a fair price for locals, not tourists. Or, rent it long term to a local.

[@jansmith3158]

If you are renting to renters that are "break things & you have to replace items every week or two" you are renting to the wrong people or the furniture is very cheaply made. Having the same furniture in all the rentals properties does not allow for someone to rent your property they dont like say the "modern style". Best to have each home individualized to attracked more rental customers to your rental property management company. They must make money off of the furniture sales too and this is why they push for every rental property to look the same which is very odd. I would not allow a property management company to dictate how I want to style/decorate my rental. To me the way they have styled these homes they are already outdated since they have decorated way to trendy. This comiing from a family of vacation property owners for more then 40+ years.

[@UpFlip]

Really interesting insight @jansmith3158 ! Thank you so much for your comment!

[@Andre-jp4yt]

"They must make money off of the furniture sales too and this is why they push for every rental property to look the same which is very odd. " I totally missed this point. Spot on Jan.

[@dontclickme17]

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

[@MedAli_Tube]

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]

It all boils down to the specific state law and what the property owner's rules are.

[@hajs8273]

Smart couple!

[@TheSilentStrikez]

lets all do it

[@james33338]

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.

[@pauln7029]

Nobody is renting from Airbnb, we know it ain't even worth it anymore

[@UpFlip]

@pauln7029 Believe it or not, AirBnB is still reporting a 16% to 21% growth in 2023 Q1!

[@nobodystaysawaketotheend9848]

Toronto only allow one Airbnb property per owner and it has to be principal residence

[@V1N_574]

Wish it was like that in the states also.

[@UpFlip]

Thanks for sharing that info with the community! ☺️

[@SecretOfUnitedStates]

Good

[@UpFlip]

We hope you enjoyed the video - thank you for watching! ☺️

[@MegaMunizaga]

montreal banned airbnb

[@MegaMunizaga]

@@wideolink 7 ppl died in a building managed by an airbnb owner not having the building up to code so the city banned them

[@MegaMunizaga]

@@wideolink downtown core to be precise

[@UpFlip]

We're so sorry to hear about the unfortunate incident. :(

[@KK-pm7ud]

Good

[@lukefromtexas]

I wish more cities would

[@D-A-N-]

29:15 3 skills

[@JamesRoy_]

Which books did he recommend?

[@UpFlip]

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! ☺️