The Dark Reality Of Airbnb Rentals!

[@kmac2789]

I never met a homeowner that wants a AirBNB next door.

[@marcosaceacevedo]

I never met a homeowner that wants a tenant renting next door. 🤷🏻‍♂️

[@Ribrubrob]

@@marcosaceacevedoI’ve never met a decent person who makes broad generalizations of people.

[@rjthesmoke]

Good negotiable stand point when you’re buying or renting to lower $

[@Mr_Bones.]

This is an oxymoron 🤔

[@sole__doubt]

We have a short term rental moratorium in my town. I lived in neighborhoods with rentals and yeah people who rent just dont have the same incentive to maintain the property. They let the grass get high and leave the garbage receptacle out by the street because they dont care. I used to think HOAs were crazy before I realized they are the best way to stay on top of that stuff.

[@bigrr64]

I have to agree with the city on this one. Being a homeowner myself there's no way in hell I would want to live next to an Airbnb. What a nightmare that would be. Nobody wants to live around that horseshit

[@yahlace]

Problem is still the cities. I was buying a 4 unit in my city with the intention to live in one and airbnb the rest. The city said only one unit could be an airbnb which essentially forces two tenants who aren’t homeowners to live by an airbnb

[@martianmandela]

Not to mention, citizens have to compete with investors to buy a single family home. Pushing rents up as well.

[@sanjayaiyar4351]

@@martianmandelathe amount of people buying Airbnb is a tiny tiny % of the housing stock. It’s an insignificant amount.

[@sczr1186]

Highly depends on the host and what they allow.

[@JacobsNews]

​@@sanjayaiyar4351they were buying and converting to Airbnb in Myrtle Beach but once they had to actually start paying the cleaners the whole business model collapsed😂

[@officialbrandonlampkin]

This guy is a lazy investor. Airbnb failed for him because trusted a third party. You have to be hands on with your business.

[@Mr_Bones.]

Not necessarily, sometimes you hire the wrong person sometimes you hire the best person. That’s working with the public 🤷🏽‍♂️

[@user-qh7rj9wj4p]

Says the guy with no $ in his moms basement

[@rzrpwr]

Should not we live in a world when you hire someone they do the Job? If they do it poorly they get fired, contract or not? And if they cheat you they get the breaks beat off them, legally?

[@TimCasey444]

This is facts, never ever ever ever just blindly trust someone in business.

[@laubachm11]

lol he is literally has like 500+ million in rentals

[@ParisKarlaPrecious]

smarttripai AI fixes this. The Dark Reality Of Airbnb.

[@alejandroalba391]

Most of these problems are because your trying to make passive income in a non passive industry.

[@touchtone101]

Facts. Its hes fault for not managing hes staff properly, which brings the question of how he made hes money in the first place, if hes not aware of that.

[@danielwilson7605]

@@touchtone101inheritance… 🤷🏻‍♂️

[@thisgame2]

Almost every hustler in Miami is food for bigger hustlers,

[@rally_chronicles]

Yup. Basically the guy who built the condo building doesn't worry about renting the units cuz he sells them to individuals, and THEY take the risk. The builder gets his money quick while the sucker's spend 40 years paying it off.

[@KingHazy-OnlyHaze]

You don't know how much of a jewel you just dropped. I'm screenshotting that comment

[@youngriley3473]

Big fish take lil fish

[@IamBigPapiPGGoforth]

That area to basic of money

[@nbadecali1927]

So I used to DoorDash in Miami and damm near every condo I ever delivered has a sign that says short term rentals are prohibited

[@OrwinSmithSr]

Airbnb isn’t bad at all. I’m in the process of doing 12. You HAVE TO HE HANDS ON! I don’t know any other way right now. David messed up by doing out of state short term. That’s crazy work. I pull up on my properties at least 4 outta 7 days a week! Cameras EVERYWHERE but the inside and I log into the portal daily. You have to be able to check behind on your managers

[@donlean2164]

i need one in Miami if you know any

[@sczr1186]

Unless you have a top notch property manager, I dont see how you can not be heavily hands on an airbnb. So many issues wit these guests I tell ya.

[@quinnrivera5075]

Knew a guy in Chicago that had 500 rental units , mostly in Humboldt Park area. He was worth about $50 million 20 years ago. He lived in the neighborhood. His tenants would call him when they had problems. Frozen pipes? He would go into crawl space and replace the pipes himself in below zero weather. This guy is lazy. Period

[@deerick3109]

Never own property if you can’t drive by it and keep an eye on it yourself.

[@TheHouseOfRonin]

Hes worth 50 million yet he cant hire a plumber to fix that pipe ? Sounds cap

[@quinnrivera5075]

@@TheHouseOfRoninnah. He could afford it. He was cheap. He drove old beaters. Wore jeans and flannel shirts. It wasn’t about popping bottles and getting a Benz for him. He could have afforded a whole crew of guys working for him. He just didn’t want to pay for anything. Believe what you want.

[@whatzurexcuse3035]

Power hungry cleaners?? 😂😂 That's called capitalism the Free Market!! They know what they offer.

[@rzrpwr]

Bro that literally sent me. "Investment bro" buys houses to turn money on them and "THESE pesky lower caste people have the gall to also play capitalist! Don't they know they should stay in their lane and not try to make more money? Unlike me? Ahh!"

[@martianmandela]

Raises rental rates when he can because of supply and demand, but calls workers power-hungry demons for doing the same with their manual LABOR 🤦‍♂️

[@whatzurexcuse3035]

@@martianmandela yup.... They only want capitalism to work for them...

[@mrdeebo313]

​​@@martianmandelathe hypocrisy is crazy

[@hateinyoureyes5864]

😂 the “Rich” real estate guy is mad that the people doing the real work actually want to be rich too.

[@DeadshotGunner]

I think the reason people fail in short term rental investing is that they get money hungry and expect it to be a way to solely generate revenue. I own two short term rental properties one lake house and the other in a major city and the money I do make from Air bnb/Vrbo is a way to subsidize my mortgage payments and property expenses. Some months I do profit but if it can at least pay for most of my expenses on the property then I am happy. Me and my partner both are hands on and clean the units ourselves so we save money hiring a cleaner. At the end of the day, whatever money comes in goes towards paying down the properties. In the end we own 3 properties and 2 of them are being paid by renting them so we are happy and have grown our asset portfolio by doing so. You just have to be realistic about it. Don’t expect immediatly to get rich off of it.

[@28goldenboy]

Best comment on this video

[@antonpinder5874]

They changed the rules everywhere overnight. I live in Virginia Beach and they limited airbnbs. Atlanta made it so you can only have 1 and you have to be a resident. These rules are gunna spread which is why I gave up that idea

[@stevenundisclosed6091]

There are nothing more detestable than petty tyrant Karens.

[@valentinesday7406]

Karens? Because they don't want to live next to an AirBnB and have random people coming in and out? Yea, I hope all short term rental owners go broke.

[@thatwaslaughable]

Bro literally said they weren’t on Airbnb OR Vrbo but kept saying airbnb is the issue…. Make it make sense. How about get someone on who actually manages AIRBNB listings and get their opinion. So much misinformation in this vid its wild.

[@fluent_In_finance]

This is exactly how governments in the Caribbean operate. Don't care, lazy, unhelpful, & a crook.

[@rally_chronicles]

Airbnb bro's are former bartenders and real estate agents are former bottle girls. Lol they outsourced hotel rental and condo rental risk to individuals rather than the corps. Loolololllolol

[@Aright231]

Haha you are spot on. This guy probably wasn’t a bartender though. Just looks like someone that managed to convince a few investors to sign on to his vision. He’s kind of burly so maybe he was a bouncer.

[@metalmadness90000]

Bartenders totally make enough to buy multi unit properties in mega cities to make multiple 6 figures a year 😂

[@tariqramadan1521]

This whole thing is going to collapse because unemployment will rise.

[@infamoussnyc3761]

employment in a debt based environment is a man made problem to get people ask for more debt. most jobs are fake, the pandemic showed that

[@sczr1186]

Nope. Ppl always need a roof over their head at minimum. How you think motels stay in business?

[@tariqramadan1521]

@@sczr1186there won’t be any money for roof over your head.

[@jlou606]

I’m glad I saw this

[@Sixfigg]

flordia airbnbs kinda mid

[@Almonte_speech]

Airbnb should only be for like places like Cancun or Hawaii

[@ibrahimkamara9508]

Airbnb is destroying Hawaii. People from the mainland are buying up all the properties and turning them into Airbnb's for the tourists

[@sczr1186]

Nope, because, theres people that are local and between long term places. Airbnb is great for those type guests.

[@ddfelder2]

So glad to see David embarking on his own!

[@rfreeman5012]

So glad I 1031'd out of airbnb. Long term rentals are so much easier. I did it out of state for 5 years with 2. The money was great for a bit and finished with a 4.98 but it really was a 2nd job. Met some really cool people and had some great employees too

[@gabrielist22]

airbnbs are simple supply and demand structure in every large city there is a demand for vacation rentals / hotels homeowners and individual investors being able to rent their homes takes the power away from mega corporations and large international hotel chains looking at miami, there are a million airbnbs in the million range with like 4 bedrooms. its over saturated and there fore that guy was losing money because a) he didnt want to do it himself and was losing money to a management firm b) his homes werent not in demand bc they arent special c) he doesnt want to add the recourses to make them better and turn them into high demand homes airbnb and vrbo also takes large cuts of any income, regardless of the home owners expense, that why everyone wants to be inhouse

[@markmilitant]

I’m shocked squatting is not a thing in airbnbs fk that ✌🏽

[@joshualambert8346]

They have no rights to the property. You can throw someone out with the sheriff in 10 minutes and one phone call. I switched all my LTR to STR in 2020 when the moratorium came down.

[@markmilitant]

@@joshualambert8346 in Florida not the northeast

[@joshualambert8346]

@@markmilitant airbnbs are operated under the hotel industry. You are the manager. If you say they gotta go, they gotta go.

[@rzrpwr]

"OH NO! The politicians in the area do what their local community wants! How dare they!? Why aren't they for us investment bros??" FFS once in a blue moon politicians do something right and he moans because it's bad for only him. 🥴

[@ColombianCode]

I said it b4... If you wanna do short term rentals on Airbnb get ready to LOSE money 💯

[@Curling_Rack]

bticoin is a better asset

[@OrwinSmithSr]

Naw. It’s money being made. Just have to be smart

[@ryanchristopher31]

I’m making money on the platform lol there’s DEFINITELY money to be made. And a lot

[@sczr1186]

Not an accurate assessment. All about location and the price point you bought at. Nice try.

[@iHadWaterForDinner]

You’re a renter for sure

[@charityscreams5366]

These big STR's in residential neighborhoods suck! I have 2 STR's near me. One is a 2 bedroom and it's never a problem. Mostly couples and small families. They are never rowdy or rude. The other is a 4 bedroom with wall bunks built into 2 of the rooms. It's always packed, 7 or 8 cars parked up the street. Loud parties every weekend, it's obnoxious. They are packing 12 to 20 people into this house. It's unbelievable. I live in a quiet rural area adjacent to a tourist lake town.

[@IvanPlayStation4LiFe]

I was one day going to do Airbnb but now hell no never

[@GaryGoRound-to7ld]

I live in a town that isn't a tourist hub or anything fancy...rentals suck ..I have next to me and it the people in those places are always trash...trash the yard, leaving garbage every where ..police drug raids 2-3x a year ..

[@yourwifewasinmedms5137]

You know what, I’m not mad at it, people and companies buying u properties by the mass is what’s hurting the future generations…and sending them into renters for life situations.

[@warrydud]

Great snippet nice to not hear Myron screaming about women and dating bs all the time

[@pierrejulienregnard1892]

I have been a realtor in Florida for years and rules about permitting always been the same

[@LatinRuthlezz]

Just do dividend stocks that pay monthly and avoid stupid tenants

[@watchnoface8770]

Facts, i rented next to one and thankfully managed to promptly leave quickly. Attracts loud party goers and mischievous types who don’t care about the property or area because they are only there for a weekend etc. NO THANKS. The Air BnB fad isn’t what it’s cracked up to be and that’s just the view from someone staying next to one, not even owning one!!

[@marcus4489074]

I would go after the cities. I would investigate all of the houses nearby for the same or similar infractions, present it to the city and if they don’t do the same ish they did to me to those owners, I’d go to the local news organizations and pay them off to air it if I had to.

[@jannkey7710]

The bureaucracy that comes with dealing with the city or the counties just to do things the right way. Just stick to doing business with other businesses that want to see one another get ahead

[@amreldib3978]

These are all lies for views. Airbnb is bringing me 2X the profits I would with long term rental. Did it over multiple units and have it automated. I spend less than 3 hours a week on 4 units.

[@alejandroalba391]

There having these problems because they treat it as passive income. Obviously your doing more then they want to.

[@amreldib3978]

@@alejandroalba391 3 hours of work a week for $12,000/month of profit. That’s passive. The 3 hours are used to oversee the management you hired. That’s called passive. These guys know nothing about Airbnb.

[@LinguistRevolutioner]

What about all the zoning laws that he talked about? Cause I can imagine that they would make like a living hell for you

[@BrightResultsMedia]

I’ve been using Airbnb for years. It’s good and bad. Good because competition means value for the buyer. Makes hotels stay on their toes. But there is a lot of bad too. For instance, after Hurricane Katrina investors bought up a ton of New Orleans. Neighborhoods were gutted of homeowners and replaced with partygoers. Imagine living in the same neighborhood 40 years and one by one your neighbors are priced out of your community. You wake up one day and all your neighbors are gone and replaced with strangers that are new every weekend. There’s no neighbor cell number to call if someone is playing music loud or peeing in your yard. Airbnb can wreck home and rental prices. St Pete is another example. Neighborhoods aren’t commercial zones and Airbnb was really sneaky in that they never asked permission. They just did it and then fought once they were there. Kinda like a virus. Don’t get me wrong, I’m in an Airbnb in a foreign country as I type this. It helps a lot of folks make money. It just comes at a high price for others.

[@johnqdoe]

Take your short term rentals and shove them bro. You make it harder for regular people to obtain homes and ruin neighborhoods.

[@danerook]

You shove it. We are trying to make money

[@javiersantana848]

@@danerook "We are trying to make money" Stop trying and do it already. Do better

[@jayrollo1352]

@@danerook Where is it then? Where's the money?

[@Aright231]

@@javiersantana848haha seriously. Dude everyone is trying to make money. But not everyone is a linchpin or innovator. Those people are called W-2 employees.

[@giffy7962]

Haha you broke boy get your money up lil bro

[@Maxrotor1]

I agree that tenants will threaten you with a bad review to get free nights.

[@justSTUMBLEDupon]

The recession is here bro

[@bpric13]

Such a damn good clip. You guys are doing truly helpful content

[@magiala5577]

CAM are still the kings.😎

[@anthonywebster8638]

I definitely regret trying Airbnb. Longterm rentals are the way to go.

[@soelost1313]

anyone who calls him lazy doesn't understand scaling and delegating

[@prereq7186]

Have to babysit your STR's, its the reality. Rule #1 : Dont put things of high value in your STR.

[@theukeconomist6518]

I never understood the appeal of Airbnb, why would I pay money to stay in accommodation that I need to clean myself and also not receiving first class customer service like in hotels?

[@mikeswanger4339]

Airbnb are nice for a group of people, hotels are good for 2 maybe 3 or less.

[@sczr1186]

Whats the price for hotel rooms that include a full kitchen?

[@theukeconomist6518]

@@sczr1186 Well, I don't book accommodation with kitchens as I eat out whilst on holiday, I don't understand why one wants to spend time doing tasks that a hotel or restaurant can do.

[@Aright231]

@@theukeconomist6518food quality. Pure and simple. Some people’s lives (like mine) heavily rely on proper food, proper diet. Especially when away from home.

[@theukeconomist6518]

@Aright231 From a logical sense I guess it meets your specific needs. Who cleans the property and removes trash on a daily basis? Does the property owner do it or do they send in housekeeping?

[@Zalen88]

These are reasons I would avoid residential rentals. The world is so full of scumbags, its not worth it.

[@sebastiangomez6187]

Extortion by guests allows you to rejuvenate the review

[@theindivisible]

Hotel owners lobbying..

[@dobia4486]

Are they complaining because the city asked them to get permits for home changes????

[@Benucci_music]

The cleaners can hold you hostage becauee they hold the mop. Hence they hold all of the power

[@soundwave3977]

A lot of deleted comments

[@boodrowwilson1894]

alot of bots getting reported

[@davisdavis7883]

Welcome to Boston/Hell 🔥

[@jls1869]

LOL, cities are giving you the finger and I love it.

[@TheresaCharlotte-nh5ng]

How come you're not more famous?!

[@tylerharris4568]

bottttttttttttttt

[@mallred32]

When its not your business, its actually their business

[@brax0789]

Let’s buy properties for ABNB and just sit back to watch the money grow. Ok buddy

[@Aright231]

He thinks his job is making and taking phone calls from investors and property managers to talk everyone off of cliffs as he sees fit. Doesn’t want to deal with the customer.

[@RealLiveCrew]

Power hungry cleaners !!? Nobody is stupid now a days you have to pay how you weight

[@DarrenMossman]

But its passive income bro

[@DerrickRuiz]

Can you guys please leave a link or info for the guest or his podcast? thx.

[@engulfed4372]

Bigger pockets

[@TheIzzbop]

Now I see why this guy's isn't with bigger pockets anymore HAHAHAHAHAHAH

[@Aright231]

I get low T vibes from him. Has delusions of being a mogul in his head. Thinks a mogul isn’t hands on, just sits in a command center chair and calls shots.

[@RealLiveCrew]

You are the owner that’s the 1st mistake you put wrong people in position and trusted them that’s on you sir accountability. It’s never hands off, thinking it’s passive was the 1st mistake

[@IamBigPapiPGGoforth]

I don't have to worry a them if I'm in a Airbnb in my state I'll bring my aluminum bat with me until I can afford a gun

[@Bliz33]

ill never understand the allure of airbnbs as investments unless you run a tight ship and you have 80+% occupancy....id much rather have my money invested in equities..the last decade ive averaged ~20% CAGR with equities while my real estate has been sub 9%

[@theshortguy4530]

who needs permits lol what a joker

[@alphakingnima]

Rare W video despite Myron as a Ghey

[@wesleydowns3244]

Fear mongering

[@Calvinmob681]

It's all part of the problem

[@taylormade7959]

Shout out to the great governor high heel Ron Desantis 😂😂

[@Mikey90210]

Funny the on;y time I been to Miami. I didn’t enjoy Miami Beach neither

[@darkice7669]

Get your passport fellas

[@ahmedhammoud9039]

@@darkice7669 just don’t get them ready for the Arab countries. We don’t want RP ideology

[@darkice7669]

@@ahmedhammoud9039 I'm done with western women as a whole man, no way would I bring one anywhere. They are liabilities

[@xtrey19x]

@@ahmedhammoud9039You mean the same Arab countries that forces women to coverup?

[@ransizzles]

just invest in the stock market.stress free

[@Neoquaker1]

VNQ, Vanguard real estate ETF, owning it is like being a landlord without the hassle.

[@Quadster19]

Manitoulin Island place to be in 10 years, look it up. The indians are already figuring it out.

[@whocares-f7w5g]

Sounds like Miami

[@baalzebub5000]

F air bnb

[@Mr_Bones.]

This guy is doing AirBnB in California, which real estate in CA is an instant L. Then he hired the wrong people. Whole lotta mismanagement going on with this “investor”

[@wl6020]

Dude bought many properties, taking them off the market for long term rentals, making rent rise for the average person.

[@jjsupremeorta15]

You can't fake this level of stupid ;D

[@stevenmarxs374]

Cry harder. Listen to the bullshit he puts up with to be "rich"

[@GodFearingHuman]

He’s an asshole, no shocking revelation. He knew he was in it for selfish reasons, karma hit him back. Let that be a lesson to him.

[@gabeb4419]

Lmao these fools are clowns

[@letsstartfromsomewhere]

Get JERMAINE BENNING on the show, man is still taking care of two kids that DNA tests proved are not his. Good man about to be homeless and still will not abandon the kids.

[@john-paul7325]

Buy Bitcoin. Sit on your hands.

[@TazKidNoah]

Airbnb has been a waste because airbnb doesn't support property owner; also enjoy republican states🤣 no different from dem states

[@danbam465]

Who cares tbh these "investors" suck

[@rogerdelillo2394]

Walter always thinks hes got great insights

[@marcosaceacevedo]

Examples of how NOT to run your business.

[@marcosaceacevedo]

Airbnb is a HANDS ON work… and it is a LOT of work.

[@AdamEgret]

Two interviewers are so out of their depth. Like a bunch of kids trying to come up with fake stories to impress the guest, who sees right through them. What a bunch of clowns 🤡

[@ryanbesco8067]

If you like black house parties and foreigners from countries you never knew existed then by all means rent your house out on Airbnb.

[@nichutton2839]

Should’ve done your research first.

[@user-ru2hf1sg4e]

David is blaming everyone else for his problems. So annoying to listen to. Stop being lazy

[@senseilit3234]

Airbnb is a job so manage it like a job and you’ll be fine

[@stephen9906]

This podcast and literally this guy are the problem

[@nico28lasRE]

Tbh, I’m glad to hear these stories. Corrupt property managers are our heroes 😀

[@lilbitcoin7182]

Real estate is wack! Bitcoin is the only way to go.

[@bigcockedman714]

no carry cost!

[@Mr_Bones.]

This comment written by Larry Fink and Soros 🤦🏽‍♂️

[@Ruth-os4mi]

I'll go full Karen on any short term rental near my home.

[@mohammadwasilliterate8037]

*Imagine strangers having control of your expensive property, it's not a good financial plan, everyone thinks it is but no it's a headache, they abuse it, i did it, $130,000 renovation required.* 😮😮😮