How to talk to Landlords for Airbnb Arbitrage - Real Estate Investing

[@ugochichiwike4350]

What of first timers, who are looking for your first unit

[@-RLM]

Thank you for sharing this video. I got alot great value and tips. Wishing you much more success in your future endeavors!

[@n8658]

Do you have an example of what a website should look like if you're just getting started?

[@rcolucci09]

I have a million questions. The uncertainty of operating expenses, risk of losing money and how to automate management, cleaning and maintenance is creating doubts. I have a FT job and need to automate everything.

[@RealDealsbyChloe]

Hey Richard- I love your comment...truly now I know what videos to make next ;). Okay, so first of all sometimes I get too busy I forget to make a KZbin video, but I would document the process on my instagram (@realdealsbychloe)- I should start saving them. Yes- they fluctuate but there are still ways to create a pro-forma. First of all, do you know your actual goals? Because my video kzbin.info/www/bejne/jWGTg2mVep2Wmbc helps you figure out what you REALLY need. If you have a FT job, then I would do the BRARA method (buy, renovate, airbnb, refinance, again)- because with 5 homes you can achieve closer to $300,000k passive income vs. arbitrage or any other method. I can go on and on....automation is not easy, and housekeepers quit everyday....BUT there's a method to the madness, I just need to make more videos about it. I will. and YOU can do it 💪

[@IAMSUNDARAB21]

You mentioned the resume . when you say make sure you can back up what you say and need prior reviews. What if you do not have prior reviews and you’re just starting out ?

[@RealDealsbyChloe]

I would partner with someone more experienced then yourself. That’s how i started, we were 50/50 partners (capital setup + profit split), but i was doing ALL the work….but i learnt every step of the way. So you can use their portfolio, website, bring them with you to the listing meeting with owners and let them close the deal for you- then you do all the work, learn and next time you can speak from experience. I do that now, people join my team and I mentor them through a deal together- this way you truly learn.

[@mangomadnnesss]

You can just show them that you can pay for the unit with or without the income from airbnb

[@AirbnbRentalEmpire]

Informative stuff, keep it up! :)

[@RealDealsbyChloe]

Thank You! Pick your next topic ;)

[@mariaakele5146]

this video is not about how to talk to landlords, its just going around the subject

[@paradisestudios6986]

Hi just watched the full video, love your stuff. Was wondering how you would go about getting through to a landlord in a country where there is a real estate agent for every valuable property.

[@RealDealsbyChloe]

Thank you so much- Is there a reason the agent can’t assist you in the process? Don’t forget everyone has a “mouth to feed” so to speak so helping you solidify a deal with the landlord could work in their favor.

[@Boostly]

Ooooh you got to get me in on one of these in the future

[@RealDealsbyChloe]

Let’s book it!!

[@tyeshbarnor4618]

Hi, I thank you for this amazing video. I am sorry that I missed this originally recorded. I am now in the process of looking for my very first short-term rental. I am on the hunt for my first unit this coming week. What do I bring with me if I am trying to obtain my first property?

[@RealDealsbyChloe]

Thank you so much!!! You’re so appreciated. Bring with you? Do you mean to a closing or you’re signing an arbitrage lease?

[@Crazywoof]

he looks fed up with those questions

[@notarant5107]

What about a person who’s *fresh and brand NEW* that *DOESN’T* have pictures, company’s, or positive reviews? His advice is admirable at best but it’s *NOT* realistic for a beginner

[@andrestriveno8565]

Great video! I thought NYC banned all short term rentals?

[@djtlotoka]

Finally.. I found people from New York

[@MariaGutierrez-hx6ri]

Hey, do you know where I could find the contracts you said you would upload please?

[@jefffeltes9309]

For such a successful guy in his field that was a surprisingly short vid. Good quality though, thanks!

[@RealDealsbyChloe]

I could do longer ones too- what topic do you want to hear about next?

[@Curiouslycurious008]

If you don’t have any properties to show because it would be your first what would you show them to insure them it’s okay

[@RealDealsbyChloe]

I would collaborate with someone seasoned- so you can learn on the job with them.

[@lasvegasadventures8729]

When you are managing multiple units over several states, I am sure there will be times when you have to cancel/can not renew/move out of a property. What do you do with the furniture in those properties? There is no guarantee that you will be able to re-use/re-stage the furniture within reasonable time in that town. Do you just keep them in some storage units in each town?

[@RealDealsbyChloe]

Great question! This happened to me in March 2020 i lost 2 units due to Covid. I put everything into a storage unit, but i also posted on Facebook marketplace and local Facebook groups in that specific city and tried to sell off at least the mattresses.

[@wildfire2323]

When you sublease, do you use “Rental Insurance” or “Landlord Insurance” on the property

[@RealDealsbyChloe]

Hi. I would do renters insurance, and I also have business insurance as well. Most of my agreements outline which insurance owners must have and which ones operators have.

[@wildfire2323]

@@RealDealsbyChloe Thanks

[@dfromtheblock1537]

Could you share your short term rental contract that you mentioned?

[@Curiouslycurious008]

If you are getting your first property do you think having additional renters insurance can be good

[@RealDealsbyChloe]

Congratulations on getting your first property. Very exciting. You’ll need insurance, but your tenant will get renters insurance for the interiors. Best to speak to an insurance broker to cover all of your needs. 👏

[@amoskalets]

How would I be able to get some contracts? I'm just starting out and need some help.

[@ajackson9326]

Ty

[@SketchbookStudioo]

Great content

[@RealDealsbyChloe]

Thank You Jonathan- what do you want to learn about next?

[@johncatanzaro9627]

Hello Chloe, Great Video. 1st Time Listening To U And Ur Channel.. 👍👍 Will Keep U On My 1st 2 Listen To.. JohnCat 😎

[@RealDealsbyChloe]

Thank you Johncat 🙏🏻

[@matlubabdul-haqq6452]

What if the seller has a real estate agent?

[@courtneylarsen1873]

This is gold

[@RealDealsbyChloe]

Glad it’s helpful. Want to pick the next topic or have any questions?

[@DianaMartinez-wh6jf]

Where can you find the contracts?

[@brandonlifefamily8331]

its a numbers game on getting units telling your story if a good way too and getting to know each other .. but how do we get units we wont lose money on?

[@RealDealsbyChloe]

You want to run the numbers to make sure you won’t lose on money on them prior to taking them on

[@brandonlifefamily8331]

@@RealDealsbyChloe maybe you can do a video with example or point me in the right direction.

[@blockbusta6040]

I'm starting an air bnb in Los Angeles where they have all these new rules on short term rentals. I can only operate in buildings without rent stabilization ordinances, which makes it tough to find new buildings. I heard him talk a lot about using business leverage in negotiations but what if this is your first air bnb? I have no reviews or references to give and don't have big money to buy mass units.

[@Angel-yh8cd]

I have the same question. What do you do if you have no references?

[@mangomadnnesss]

As long as you can pay for the unit without needing to rely on the projected income your fine. As long as the unit is being paid for thats all they care about they dont care about your reviews and other stuff

[@Ice-qq1or]

Where do you recommend getting a website for real estate investing and str

[@RealDealsbyChloe]

I have a developer, so we built our own and host it on our servers. You can buy a domain and set up hosting for a few hundred and up work you can find a designer to set it up for you. For example Godaddy. Or an Easier options are wix and square space, but I don’t use those.

[@hoodlutalo3708]

Do you have a course on this

[@officiallyiamwhitney]

Boston is not illegal to airbnb she needs a permit look on their website

[@sandi6818]

Any advice on getting funding to get started?

[@RealDealsbyChloe]

Hi- funding for what? Arbitrage or to purchase for Airbnb specifically? You can do hard money lending or private money if you don’t have your own capital but can refinance after…

[@mangomadnnesss]

I wouldnt recommend getting a loan. You can easily furnish a apartment for 1k and that just with all the basic amenities. Then after your making money you can decorate or make it better. You can easily start with an extra bedroom or even bed. I wouldn’t put myself in debt for this because this is a risky business

[@wassimmourad3373]

Do you have a course or a place to get started for international Airbnb?

[@RealDealsbyChloe]

I have a free masterclass on my website realdealsychloe.com

[@waynesmith9611]

How are you air bnb-ing in new york city ? I would love to know. I have to do this in Florida but live in NYC. Would love to know.

[@RealDealsbyChloe]

Hi Wayne- so the laws have changed depending on property and how many days on the market. You can do furnished monthly rentals, you can do room by room rentals…there are a few options. There are buildings that allow Airbnb in FL and i have coached clients out there to set it up and just have a local housekeeping team and maintenance person to help you if you’re remote.

[@cindypossible]

@@RealDealsbyChloe hi how can i get started

[@gadepalliamrutha]

Can u please post the contract with the landlord

[@RealDealsbyChloe]

So the contract I have in my FREE masterclass on my website, it’s a downloadable guide. I’m working on adding them to my website so you can download it directly

[@gadepalliamrutha]

@@RealDealsbyChloe thank you so much. I’ll check it out

[@alexzhang5229]

@@RealDealsbyChloe Unsure if this is available on your website still! Would appreciate it if it's available!

[@arianaball]

Was the lease addendum ever posted? If so, where can I find that?

[@RealDealsbyChloe]

Hi- do you mean the lease with landlord or the lease with the guest? You can email me at realdealsbychloe@gmail

[@FrostySnowCones]

This is only helpful if you have a lot of money. There are better videos that actually speak to people who are just starting.

[@RealDealsbyChloe]

It works even if you don’t have a lot of money. You can always partner with someone who is already established and learn that way. I can make another video for you, if you post a question. Lmk.