SIX MONTHS on Airbnb: What We Learned + How Much We Made

[@Ky-zp1my]

Awesome videos, very detailed and well thought out! Thank you! Question regarding checkouts. If you have someone request a late checkout are usually able to make it work or does it throw off the whole schedule with the cleaners and the new people coming in? How do you work your scheduling is it completely open where people can book it one stay after another? Or do you typically block of 1 day between bookings so you have the time you need for a deep cleaning and whatever else you may need?

[@kristenandmichael]

If we have someone request a late check-out we text our cleaners as soon as we are asked to make sure they are able to fit it into their schedule. If it won’t work we let the guests know it’s a busy weekend and we hope they understand (usually they do, esp if it is a last min request). We leave the cal open and we do deep cleanings in between guests and block off a day during the week to get in there and do the job ourselves! We do this about once every week / week and a half depending on our work schedules. Hope this helps!!

[@Ky-zp1my]

@@kristenandmichael Yes very helpful! Thank you!

[@neomorphs7583]

My friend tim wishes you well he had nothing but kind words to say about yous amazing airbnb owners ❤

[@kristenandmichael]

Thanks so much! Glad you're here :)

[@moddified360]

😂 Tim’s synopsis was right on. That’s all I’ll say.

[@samuelcollinsTX]

Oh my God! Too funny! Tim really is a good Judge of character!

[@iamdannygl0ver440]

Tim really showed us your true colors about speaking your truth

[@TheRetirementality]

Congrats on the house! I have airbnbs in Florida and Puerto Rico. I've been doing it for about 10 years and I retired at 45 and live off my rental income. You'll be very happy you've gone down this path. New Sub.

[@kristenandmichael]

That’s awesome, congrats!! Thank you for the support! 🙏🏼

[@SelfLoveBoost]

what part of florida?

[@TheRetirementality]

@@SelfLoveBoost Panama City Beach

[@SelfLoveBoost]

@@TheRetirementality ok cool. Im by tampa. thank you

[@brendanorie]

Where in Puerto Rico? I’m looking into doing this in Dorado, PR. But so scared to pull the trigger

[@lewisburton1852]

managing the cleaners and the home in general will get old really quick, oh and add laundry, inside maintenance, normal wear and tear of the house and items, inventory count, bad guests, guests request/demands/questions, trash day 🥵 much success to you guys.

[@kristelwalton3141]

I've had STR & furnished rentals since 2016 and one thing I've learned is that people spend A LOT of money on their pets. I suggest you consider allowing pets, raise your prices, and that gives you room to offer discounts to guests who are considering your house and don't have a pet. Plus a higher price house draws more serious guests and gets rid of people who don't make decisions based on value. That makes guests happy all around! and people who travel with their pets are USUALLY clean about them.

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@willtKel1109]

I disagree. Not everyone wants to stay in a smelly dog house! Slobber and hair all over the place! Gross! No Thanks!

[@izakventer3374]

As a host & co-host of numerous properties, I always make sure I have both options available to my clients when it comes to pets & kids.

[@albinothug]

@@willtKel1109 must send pics of dogs for approval

[@tamaskalman1939]

We have a dog at home but i don’t want to rent a place with dog hair all over the place.

[@b5846967b]

I think your final point about how this allowed you to enter the realestate market in CA is a big factor. Well done..... This will set you up for your future.

[@kristenandmichael]

Thank you… we hope so!

[@BeastieRaj]

This channel is a treasure trove of knowledge. Thanks Tim Dillon for introducing me to this channel!

[@thattannerguy856]

I'm in Denver. Started Airbnb May 2021. Made about the same in my first 6 months. Learned a lot. 2br 1ba, use pricelabs. Reinvested my money too. Huge expense of $15,000 to completely gut the backyard and landscape it, let alone buying a grill, outdoor furniture, firepit. Had over $4K repairs already this year too. But hey, it pays my mortgage after all expenses paid and sometimes and as much as more than 2X my mortgage. Congrats!

[@kristenandmichael]

So glad you're having a positive experience as well and we're on track with what you're doing in your first year as well. That's comforting to know! Best of luck to you and your STR!

[@ellamaurergraduation]

I'm renting out my condo annually in Denver (Aurora actually)... the market is crazy, pricing is crazy & I honestly don't think the market is far off from CA. What I'm currently collecting for rent is DOUBLE+ my mortgage on a 2/2. It has legit been a huge blessing, allowing upgrades, double payments, and ultimately financial security 🙏💖🙏

[@alexannatv5754]

Привет! Мы в Centennial, CO. Ищем инвестора из Colorado или другого штата, хотим переехать в горы и принимать гостей в доме,в который купит инвестор. Если заинтересованы, то пишите пожалуйста. Спасибо 🤗

[@jalensykes5677]

I’m also in Denver, I just recently acquired an LLC and am looking to get into short term rentals. Any advice for someone just starting out?

[@MegaBuzzedGaming]

@@jalensykes5677 check their 1 month update video

[@therarebreed8038]

Amazing video guys. Myself and my wife watched your video before starting our Airbnb Maple Blue in St. John’s Newfoundland and now we are into our second month. We opened to guests on June 29th and have been booked everyday since and everyday up until Sept 17th (minus days between guests of course) We have had more success so far then we could have ever dreamed possible. Thank you for your tips and tricks and I hope you guys continued success with your listings. Cheers Chad and Janine

[@kristenandmichael]

Oh wow! Thank you so much for the super sweet comment. And congrats on all your success so far! We are so happy we could share our experience with you guys and so happy we could help in some small way. Best of luck on your journey! Keep us updated 👏🏼

[@therarebreed8038]

@@kristenandmichael No doubt. Will do. Thank You!! 👍

[@Ruthta]

Hi Dear, I was wondering how did you start your Airbnb. I'm from NB and looking to start an Airbnb. What advice would you give someone starting?

[@Ruthta]

@therarebreed8038 Congratulations 🎉 I'm looking to do research on Airbnb I lived in NB what advice would you give someone looking to start this business? Would you be eligible for a small loan? Who should speak to ask more questions? When buying the house do you have to list the house as a business home?

[@sheilakilby5162]

We self manage 3 STR's. Great advise. I get into my property at least once a month to do a deep clean and restock. Also having good cleaners is key. Can't wait to watch you grow your business.

[@kristenandmichael]

Thank you! And congrats to you guys on 3! That’s awesome 🥳

[@jayr1170]

Amazing that this wonderful lesbian couple can help others achieve their airbnb dreams ❤

[@tomaqsetoma]

It's not easy to find youtubers so natural, humble and honest as you are. You are not trying to sell anything and you keep it real and clear. Thank you so much for the video, I found it very informative.

[@kristenandmichael]

Thanks so much for this comment. We are trying to be as transparent as possible about our Journey in STRs. :)

[@nathanroberson]

Here in Louisville I only spent $1500 renovating a shotgun house in the restaurant district. And regularly have income double the house overhead. A large place to be able to tweak the mathematical equation of profit is spending very little on the renovation. I found that keeping things clean is more important than having new things.

[@user-iv6ty3cd5i]

plants are a no brainer. Tons of realistic faux plants on line. Worth it. Also make your check list for cleaners ahead of time and save yourself a headache!

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@WKaliberr]

I came here cause your page got featured on the Tim Dillon show. It was funny.

[@ashleydempsey-henshoney7583]

Oh my gosh, do not get a hot tub! It's my biggest regret. I bought a brand new one to put in our airbnb because I felt like we didn't have something to really draw people in. It definitely helps with bookings, especially in the Winter here. But it's soooo much work and such a headache. No one follows the rules and it leads to serious time and money in cleaning. Nightmare.

[@kristenandmichael]

This is good info to have! Thank you for your honesty!🙏🏼🙌🏼

[@001yinkus]

A few questions: 1. Where is your property located? 2. How many bedrooms are in the house?

[@sammysolis8495]

The whole pet advice is really good . Had someone sneak their pet in and after they checked out, they said it was a service animal. I placed that lack of transparency on their review despite me reviewing them well. I had told them to let hosts know next time. Can’t assume it’s ok without consent .

[@kristenandmichael]

Thank you so much! Yeah, that's not very cool. But it's nice of you to let other hosts know.

[@brianwood155]

FYI: Guests do not need to inform the host if they are bringing a service animal.

[@smokymountainlookout5287]

What about a pet cleaning fee. Can’t we charge that fee even though it is a service dog?

[@chrisrojas9455]

@@brianwood155definitely should lol

[@Amarideout]

Lol at "Love= gas, money, and time" great work guys! Thanks 4 sharing❤️

[@VardanenCo-qu8nz]

Thank you for the good information. You were more transparent than i would think at the beginning of the video. Greetings from Belgium 🇧🇪

[@kara5958]

Great video!! I’ve commented on your last video about dogs. We have a granny flat that we built on our property but we had a full remodel of our property and had the granny flat built so it’s completely private from ours (fenced off and has their own steps). We did install a spa (guests LOVE this), heated floors in bathroom and anywhere and everywhere I could add luxury, we did it. High end guests want high end amenities. I knew allowing dogs was going to be a big deal, and I fully believe many guests will find “ways” to make sure they can bring their dog, so we just went with it and all of our guests except one had dogs (most have two). I could not agree more with you about spotless cleaning. Luckily, I manage our airbnb and I am in there cleaning the unit with our cleaner when we have to flip it. I also schedule my handyman every 4 months or so to go in and touch up anywhere that needs it. I always am buying new fresh WHITE towels/sheets to replace anything stained. I try to make our unit the absolute best I can and we have been so lucky with being rented all the time (we are at least one month STR due to local laws). I have asked every guest how I can improve on anything and I’ve been surprised with some of the answers but I appreciate the feedback and make changes where I can. I can not stress how great airbnb has been for us. They definitely are more slanted towards the guest than the host but that is their platform and it works. We only built a 725 sq ft one bedroom and we clear anywhere from $6500 to 8G a month. If you guys can swing it, try to get closer to a highly desirable beach town (ours is in San Diego) because the draw is year round for bookings. Best of luck to you!!!!!!!

[@Abu-Lutfy]

tim daddy dillon entered the chat

[@aaronoldchannel]

What a coincidence - I just found your one month update video today and you also today uploaded the six month update LOL Appreciate the in-depth insights. My wife and I are thinking about grabbing a property to Airbnb but just trying to weigh the pros and cons!

[@kristenandmichael]

Haha, perfect timing on both our parts! In the long run... hopefully, more pros than cons. Good luck to you guys!

[@mens_essentials]

who else is here because of the Tim dillon podcast?! Imagine calling cleaners "weeds".

[@swicheroo1]

I just got notice of my VRBO Pay Out. It doesn't get old. One thing for viewers to consider in terms of profit: Your mileage will vary! So for me, the numbers you guys have recounted are great--and realistic--but don't reflect my numbers as a host in nearby Los Angeles. Ohio, Alabama, or Florida--they all have variable rates and profit margins. So, look at the comps in the area where you will actually set up your operation. And that will provide you with a realistic benchmark!

[@kristenandmichael]

Yes! Thank you fellow STR’er! We make sure to say we are in the Joshua Tree area in the intro so hopefully viewers will know where we’re at.

[@hugoleivaa]

Thank you guys for being so transparent, especially with your numbers. Y'all rock! Keep it going!

[@kristenandmichael]

We appreciate that! It's always scary to share but it's our truth... we did have one more month of $ we did not include which is in our first month on Airbnb video. Thank you for your support!

[@adelitavalle1852]

I been in some of the AirBNB homes, and deep cleaning is so important.

[@kristenandmichael]

10000%

[@shellypoffley8401]

Thanks for sharing your experience. We've considered being hosts (currently in the research stage), and your videos are very insightful. I can't remember in what video you recommended a wall heater/AC unit. Could you share that again? Thank you! :)

[@MultiBthompson]

Thanks for the sharing, really appreciate it. Best of luck in your venture 🙏

[@michelleachacoso4983]

Thank you kindly! I appreciate your transparency! Hope you all are wildly successful!

[@kristenandmichael]

Thank YOU for the support! :)

[@colinmcgraw]

Great tips guys! This is something I'm seriously considering. Starting the initial research stages. Little nervous about airbnb laws and regulations - so educating myself there as well.

[@kristenandmichael]

Good luck on your STR journey! Thanks for watching :)

[@CyrusMurphy]

That's why we went with barrel sauna over hot tub. Don't want to deal with maintenance, cleanliness complaints, and higher electric and water bills. So happy we went that route

[@kristenandmichael]

How much does the sauna require clean/maintenance? We have a sauna at our personal home but think it’s prob too hot the majority of the time in the desert to justify one

[@CyrusMurphy]

@@kristenandmichael At first, it tripped the breaker every few weeks but once we figured out where moisture was coming from and sealed it, maintenance has been zero. Our cleaner spends 5 min with a portable vacuum in between guests. And once a month we deep clean it

[@stephaniemulroy2541]

Would you ever buy/build a brand new house to air BnB? We are debating if it is better to get a fixer upper or just purchase land and build. I like the idea of knowing there will not be issues with new but also worry a new house will get trashed. Costs will be slightly higher for new but also won’t take months to do our own renovations. Thoughts?

[@CourtneyRobinson]

I’ve had an Airbnb for three years in Arkansas on our property, a ranch. We are located in a national park. I am a little confused about the service fee. I did some research and I cannot find where to lower it. Currently it looks like it’s about 15%. I hate that we charge $115 per night for our little studio cabin and people have to pay $40 for two nights in service fees. We’ve had the same issue with pets, I get asked all the time. I’m very clear in our listing that we have Donkeys and that if someone’s dog got loose it could get killed. We are also an allergy free unit due to family members who stay there. When I say this I have no problem. I learned the same about amenities. I have guest occasionally suggest things like bird feeders that would be a lot of work and I just say “Thank you for the feedback.” I also learned that putting fresh fruit in the house is a waste of money. And 100% on the cleaning. I try to clean mine randomly between the cleaners just to find things that may get overlooked. One thing I have found with the hair is lint rollers on the sheets are so valuable. I love your honesty and authenticity.

[@kristenandmichael]

In the description of this video we link to a video that shows where to adjust service fee, it’s not lowering it it’s just switching it so that it doesn’t come out of your pocket. And same, we have coyotes that run through our property so we don’t want anything to happen to anyones pet but all we can do is warn them to be cautious. Thank you so much for watching. 🙏🏼

[@CourtneyRobinson]

@@kristenandmichael thank you so much. Somehow I overlooked it. I will watch.

[@WKaliberr]

Seems like a nice couple, I wish them well.

[@kristenandmichael]

Appreciate that. No hard feelings here!

[@indiablackwell]

Hehe

[@rachaelmoran5205]

cant wait to watch this. I'm still clearing my mums today in NZ and listening to you guys.

[@kristenandmichael]

Thank you!

[@danielho3347]

Thank you for sharing the tips. Awesome videos. Very valuable!

[@kristenandmichael]

Glad you like them! Thank you so much for watching.

[@lostislander253]

I am about to start my AirBnB journey in the next few weeks..... you guys are awesome, thank you for this video!!!

[@kristenandmichael]

Thanks so much for the nice message. Best of luck on your journey and let us know if you have any questions. If you want you can sign up with this link and get $40 and you can message us through airbnb if you have any questions setting up your account. www.airbnb.com/r/mchaelm9

[@mariavako]

Why in the world would the guests have to pay the service fee as well? IT should be either 50-50, or on the host. The person booking is already making a "blind date" investment to the place, when there may or may not be a good or bad day for the airbnb. If you do not deep clean every time, the least hosts can do is pay for the service fee.

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@wesleywright1983]

Tim was right about these two. The female especially seems like a pleasant gal who's loads of fun to be around.

[@Boubacar-Basse-dev]

I love the honesty, your genuine vibe really makes me wanna follow you guys for more : ) keep up the hard work !!

[@kristenandmichael]

Thank you so much!!

[@kayvon.]

Cash-out refinance may be a good idea for getting into another property! *Not financial advice!

[@MsBush-zi4gd]

Saw these two on tim dillons pod cast. Hilarious.

[@thepricklyonesbyyanawhelan]

Good to be here! I like this video, very educational and informative...I am taking notes. I am an REI with multiples LTR but looking to expand my endeavors into the STR.

[@kristenandmichael]

Thanks for watching!

[@yugantshekhar782]

Great video guys! Helped alot I am going into this business and I think your channel will be really helpful.

[@ScottLabenski]

let me guess...we pay a 200 dollar cleaning fee but are required to clean it all ourselves as guests

[@kristenandmichael]

Ours is only $130. And we only ask you clean your dishes and put your trash in the bin out front.

[@poisondamage4564]

@@kristenandmichaelYou're telling me I'd have to pay $130 and do a few chores? Hotdog!!! Count me in!

[@yaranzo5pwns]

Don't buy that dream house yet, keep investing, reinvesting, and leveraging! The dream house will come don't make it the end all be all.

[@kristenandmichael]

That’s what we’re doing! 🤍🙏🏼

[@castles8463]

Tim Dillion absolutely roasted you on his most recent show 😂

[@kristenandmichael]

Absolute toast. It was amazing!!

[@Praenuntium]

Regards from Tim Dillon.

[@kristenandmichael]

Ah, Thanks Tim

[@kyleDhoman]

Tim Dillon brought me here. Thanks Tim

[@kristenandmichael]

Hahah it's an honor to get roasted by Tim!

[@herplace9827]

Beautiful Couple. May God bless you both on this journey!

[@kristenandmichael]

Thank you 🤍🙏🏼

[@Evanthebat15]

New subscriber! Thank you so much guys for your videos. This is something we are looking into for short-term and might turn long-term. These videos have been extremely helpful.

[@DaydreamAboutNiceThings]

You guys have the best Airbnb channel on YT. Real deal !

[@kristenandmichael]

We appreciate this so much! Trying to be as transparent as possible... which can be hard to find!

[@nathan_johnson]

Tim Dillon anyone?😂😂

[@ncik33195]

He’s spot on lmao

[@mfnannygram]

Well done, kudos to you both! An incredible amount of hard work and effort goes into maintaining and managing a vacation rental (been there, done that)... But in a market like CA, such a smart way to get into the real estate market. Best wishes for continued success. And can we all just say how much we love good guests...!?

[@karen_y_andres]

Congrats! you inspire me all the time!... please !! Share the rute for deactivating the airbnb service fee ? Please !!!

[@kristenandmichael]

Thank you and yes, the direct website link is in the description of this video!!

[@Jbone306]

I am also friends with Tim. Sounds like you two might be getting some new subs and comments.

[@kristenandmichael]

We love a good roast at our expense so no hard feelings here 🙌🏼🤍

[@josephputnam7586]

I reserved an Airbnb a few months ago. 3 days later I had to cancel. lost over 700 dollars and part of it was a cleaning fee. So, I didn't stay but got charged like I did. Weird fees kind of go both ways.

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@JimBurch]

Who's here from Tim Dillon 😆

[@daniellacaetano1]

First, you guys are so cute and have such a nice/kind approach. I have been thinking about to get something around Joshua Tree and you both are inspiring me!

[@kristenandmichael]

Go for it! Thank you for being here :)

[@JaimeLynn2002]

I adore y’all 💜💜 Great Job!! It’s hard work owning & self managing. Those numbers are fantastic!! 💜

[@kristenandmichael]

Thank you so much for watching and we appreciate the support :)

[@Winston118]

I am so happy I found you two. I bought a course from some guru couple that teaches Airbnb and long story short I had to schedule a fraud charge for 6k, I just learned more from this 17 minute video than that entire course haha, keep up the good work 😋

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@necromeowcer1672]

Haha youre both psychopaths. Thank god for tim, this video was funny!😂

[@christheodorou31]

Thanks guys for open honesty! Wish you the best! You both are amazing

[@kristenandmichael]

Thank you! Good luck to you! 🙏🏼🙌🏼

[@annac5196]

Wish i found you guys sooner before i spent $1500 on a course taught by 2 20 year old tiktokers who claim they know everything and a course put together less than an hr that didnt provide as much value as you ❤

[@kristenandmichael]

Wow! We’re so sorry you paid all that money and didn’t get much out of it. Let us know if you have any questions and we can do our best to help!

[@TJ-th9hw]

Congratulations on your 6 months anniversary on Airbnb. I appreciate your openness about the setting up of the property and the numbers. I really love the fact that you’re working side by side. It’s Powerful! All the best to you both. 👍👍

[@kristenandmichael]

Thank you all around! We have realized we’re a good team, that’s for sure. Thanks again!

[@colemanhubert6151]

Damn some people commenting really have nothing better to do during the day, be kind y’all you will be happier

[@jtimwest]

See a tax attorney before selling. A 10-31c will help you avoid paying taxes by reinvesting in new properties within a certain time frame

[@juliegeorge8533]

What a lovely young couple you are! Very best wishes in all your endeavours xx

[@kristenandmichael]

Thank you! You too!

[@vancityflyguy]

awesome content guys! Thanks for sharing

[@kristenandmichael]

Thanks for watching!

[@LearnEnglishwithTrev]

Good advice bad guests need to know about them.

[@allenspencer6672]

Welcome to our comment section, I can make you a profitable airbnb investor with zero risk Reply if you are interested

[@zakriakhan2752]

Thank you so much for this insight!!!!

[@kristenandmichael]

You are so welcome! Glad it was helpful 🙌🏼

[@katiemiaana]

Tim Dillon was hilarious about you two clowns sorry.

[@kristenandmichael]

No apologies needed - it was amazing!

[@d00dl3SEd]

Haha y’all got roasted on Tim Dillon

[@kristenandmichael]

hahah We thought it was hilarious!

[@wesleytarver629]

Way to be a good sport.

[@altheanewman9867]

You guys are so real and so pleasant to listen to. I appreciate all the advice!

[@kristenandmichael]

Thank you for watching! 🫶

[@tommccoy6708]

Here is an idea for you. I am setting up an Airbnb and wanted outside plants. You guys should look into a Blumat system. Perfect for miro irrigation. I have the best looking plants on the street.

[@kristenandmichael]

Wow! The Blumat system is actually really cool. I'm curious if there's a way to hide the water source so guests can't see the long tube running out of the pot (for inside plants). Thank you for sharing! We had no idea.

[@yurimlrs]

Very good video! Loved it. Keep it going!

[@kristenandmichael]

Keep on keeping on is what we will do! Thank you for the support!

[@MsGlamourGrace]

I love your guys Thanks for share all those your experiences. It helps a lot I’m ready for my 1st AirBnB in Austin . Nervous and excited at the same time Hopefully things will goes smoothly

[@kristenandmichael]

Thank you for watching. We were so nervous our first time hosting too, but you're going to be just fine! Let us know if you have any questions.

[@CloudMarTexas]

Gross income is irrelevant. When talking about income, expenses are very important. Next time tell all. 1600 net isn’t bad! I hope your saving for that remodel work.

[@Clivetinker]

We self manage. We also hire cleaners because cleaning is work for the poors

[@jcc7360]

Preach, cleaners is like 1 level up above the homelesses

[@MrDemoMan01]

Until you desperately need one and cannot find one,… THEN THEYRE PRICELESS!!!

[@Stnzbst]

You may not be wrong but you don’t need to be rude about it. No one likes a prude.

[@Clivetinker]

@@Stnzbst I was pointing out the hypocrisy. You can't say you self manage if you hire out external help for all the tasks that need to be done. You self fund.

[@heatheraw]

@@jcc7360pls explain your logic. As I do STR cleanings with our rental (we actually really do self manage) and make great money. Not sure what your comment is all about lol

[@pauljasmin8383]

You, too, have inspired me to open my own Airbnb property. You guys are so honest and open about your mistakes and good things , and I really appreciate it. Keep these types of videos coming. Keep up the good work. Also can you guys make a video how you list your property in Airbnb?

[@kristenandmichael]

Thank you, Paul! That really means a lot to us. Congratulations & good luck to you on your STR journey! Definitely keep us posted on the progress. We wish we had filmed a step-by-step on how to list your property when we did it initially but maybe if /when we launch another one, we will! We have a "create your own direct booking website" coming in the next week or so, so keep an eye out for that!

[@MJ-fn4vo]

Love it fam, keep it up!!

[@kristenandmichael]

Thank you!!

[@andrewmerrill9676]

Love the video guys! Question, are the figures you stated after deducting your expenses or were they gross revenue before expenses? TIA!

[@kristenandmichael]

Thank you!! These #s were before we took out expenses. All gross - but we did touch on roughly how much we spend on things in this and our latest vid!🙏🏼

[@sophiathe380sl]

This is a very helpful video. It shows that it’s a lot of freakin work. I’m also have real estate in southern cal. Passive income is great when there isn’t much work to it but you guys sure are working hard for that money. Also, 4k income is great but you didn’t mention the purchase price. I’d like to know the return on investment so you can compare short term vs long term rentals. I hope Joshua Tree houses are in the 250s. Thanks!

[@demonicpanda4602]

To summarize number 6. Automate things where you can.

[@kristenandmichael]

1000%

[@savann.sun1980]

You guys rocks and congrats for all the steps you did. The story gives me some excitement and a little bit of anxiety.

[@kristenandmichael]

Hahah thank you so much. Appreciate you watching our journey!

[@libertysprings2244]

Very good video. You guys make a great couple working together on your dreams. The journey is half the reward.

[@kristenandmichael]

Exactly! And thank you for the love! 🤍🙏🏼

[@ricoofsantafe4994]

Average Monthly Income $4,000. Your after expense income? What is your NET INCOME? EQUITY: Is that just a head game? Everyone’s value went up…BUY LOW - SELL HIGH! Factoring in all the fees associated with SELLING & BUYING property…How do you overcome this money pit?

[@beforeicroakt9271]

They said their expenses were around $2400

[@ricoofsantafe4994]

Cool but that's not the question I asked. But lets play with that...$2,400 +/- is that monthly? What does that $2.4k include?

[@kristenandmichael]

The 2,400 includes, Mortgage, Electricity, Water, Wifi, Trash, and water bottles and snacks we leave for our guests and any cleaning supplies that need to be refilled. We pay $130 to our cleaners every time they clean. But for the first 3/4 months we cleaned it ourselves so we saved that money. Our STR rental insurance is around $2,000 a year and the permit is like $600 annually as well. Let me know if you have any other questions!

[@Arachnid-XXX]

Tim Dillon sent me here. LMAO

[@kristenandmichael]

We love a good roast 🔥

[@TheeeJester68]

The Tim Dillon Podcast brought me here 😂😂😂😂. Let’s just say he’s not a fan.

[@tamaratravels44]

just as long as you break even at the very least, its worth it - then in time, once you learn the ins and outs, you can really make good money.

[@kristenandmichael]

100% agree!

[@LM-ily]

My partner and I are doing the same thing. It was the only way we could ever see owning a home with housing prices being so crazy. We converted our house into a duplex, we live in one unit and Airbnb the other. It’s been a lot of work but worth it.

[@kristenandmichael]

That’s awesome! Congrats to you guys! Yes, we feel you on how much work it is to run it all but again: so worth it!

[@ryuhouse]

That’s what I exactly did! Congrats - that’s I was able to quit my job :)

[@STR_360]

Lovely video ! Great tips ..

[@kristenandmichael]

Thanks so much!

[@jackt.2516]

Love how transparent and honest you guys are about this entire process. Thinking of going into it but don't know the startup costs of owning an Airbnb property VS renting out someone else's property. Do you guys have a Vlog on the startup costs? Why buy a property in the Cali desert vs Miami, LA, etc? Would love to hear your take! Thanks for doing this and I wish you much success!

[@kristenandmichael]

Thanks so much! The start up costs are significantly lower if you can airbnb a rental property but that comes with its own caveats. You're also limited on what you can do in terms of decorating and remodeling. I don't think we did a vlog on the start up costs but it was somewhere around 60-70k (that's off the top of my head) but some people spend way more. We chose Cali desert because we love it out there and we wanted to buy in some place we loved and could use if we ever needed a break from the city. Thanks for watching and let us know if you have any questions and we'll try our best to help :)

[@jackt.2516]

@@kristenandmichael Thanks so much for the quick reply! I think (IMHO) a video on the costs associated with the start-up costs, location scouting for max revenue, etc. would be so helpful for those looking to get started. Appreciate you guys!

[@brycehall4995]

Omg Tim Dillion got me here😂😂😂 dear god

[@jeannelinenbach305]

We are just starting waiting to get our local license...super excited

[@kristenandmichael]

Congrats & good luck! 🙌🏼

[@SimpleEverydayLifewithRachael]

There are no certificates for an actual service animal. Anyone can go online and buy a certificate but they are not recognized for the court. You'll know a real service dog by their temperament and ability to take care of their person in public. NEVER ask for a certificate for a service dog. If you get sued, you'll lose big in courts. Best to be transparent and read reviews of your guests that book you.

[@KrisBowlr]

Thank you for these videos and all the info!💖💙

[@kristenandmichael]

Glad you like them! Thank you!

[@scottfitzgerald6299]

Thank you so much for sharing. My wife and I purchased our first investment home as an ABB. 20 days into the renovation. Hopefully be ready in three to four months. I’ve learned so much from you guys. Thank you so much for such great content. Keep it coming!

[@kristenandmichael]

You guys got this! It’s so much work but you will be so proud of yourselves. What an exciting (and taxing time🥵)! Just know it’s temporary and KZbin everything if you don’t know how to fix something lol and give yourselves some grace. We bickered A LOT during reno bc neither of us knew what we were doing but it def made us stronger and better at working together. Congrats and good luck!!

[@sharondelissa]

Great video!!!!! Very informative. Thanks for sharing

[@kristenandmichael]

Thanks for watching!