BNB INVESTING BLUEPRINT

In this section we’ll walk you through how to choose the best market to start investing in for short-term rentals.

In this module, we cover common traps and pitfalls when choosing a market. We’ll also dive into the pros and cons of the three major types of STR markets.

Here's what we cover:

• Avoiding the Perfect Market trap
• Vacation Rental Markets
• Business Travel Markets
• Tourism Markets
• Pitfalls to Avoid

In this module, we walk through how to identify potential markets to invest in, as well as how to research various different markets, exactly what to look for, and how to keep track of all the information you collect.

Here's what we'll cover:

• Choosing Initial Markets
• Researching Markets (Phase 1)
• Researching Markets (Phase 2)

In this module, we’ll show you how to evaluate all of the markets you’ve researched so far and confidently choose thee best market to focus on.

Here's what we'll cover:

• Narrowing Your Search

In this section we’ll walk you through how to find properties for sale in your chosen market and start generating deal flow.

In this module, we’ll show you how to build a team of people who will help you to acquire properties, as well as how to find potential investment properties to begin analyzing.

Here's what we cover:

• Building Your Acquisition Team
• Finding On Market Properties
• Finding Off Market Properties (brief overview)

In this section we’ll walk you through how to run the numbers on prospective investment properties so that you can confidently choose which properties to place offers on.

In this module, we cover the main investment terms you'll need to know, as well as the formulas and examples to understand from start to our most important number: our cash-on-cash.

Here's what we cover:

• Common investing terms
• Investing formulas you'll need

In this module, we cover the first of the three levels of analyzing a property.

Here's what we'll cover:

• Introduction to Quick (Level 1) Analysis
• 3 Elements to Level 1
• How to Filter

In this module, we cover the ROI spreadsheet and Level 2 Analysis.

Here's what we'll cover:

• The ROI Spreadsheet
• Projecting Revenue
• Projecting Occupancy & Average Length of Stay
• Projecting Expenses
• Filtering Properties

In this module, we cover the final level of analyzing a property.

Here's what we cover:

• Qualitative Analysis

In this module, we'll discuss how to map out and create an initial budget for any renovations you plan to do.

Here's what we'll cover:

• Roughly Planning Your Renovations
• Estimating Renovation Cost
• Getting an ARV from Your Realtor
• Adding Renovation Numbers into Your Analysis

In this section we’ll guide you through everything you need to know about financing the purchase of your first (or next) short-term rental property.

In this module, we'll discuss the application and pre approval process for getting a loan for your short-term rental property.

Here's what we cover:

• The Application Process
• The Pre Approval Process
• What to Expect Throughout The Application Timeline

In this module, we'll discuss some of the pros and cons of holding your property under a business and how to go about doing so.

Here's what we'll cover:

• Changing Things on Title for Your Property After Closing
• Closing in the Name of a Business
• The Best Way to Structure Your Deal

In this module, we'll walk you through the ins and outs of the various different loan programs available to short-term rental investors.

Here's what we'll cover:

• Different Types of Loan Programs
• Which Loan Programs Are Most Common for STR Investors
• The Rules for Each Type of Loan
• Things to Look Out for

In this module, we're going to talk about receiving and using gift funds for your investing, as well as how to partner with other individuals on deals.

Here's what we cover:

• Gift Funds
• Partnering With Other Individuals for Real Estate Investing

In this module, we'll be discussing private mortgage insurance, what it is, and how it may impact you.

Here's what we'll cover:

• What is PMI
• How PMI May Affect You

In this module, we'll discuss financing and investment strategies that will help you to scale your RE portfolio quickly.

Here's what we cover:

• Strategies to Scale Your Real Estate Portfolio Quickly

In this module, we'll cover things to look out for and be aware of when working with realtors and insurance agents to be sure you're properly aligned.

Here's what we cover:

• Things to Look Out For When Working With Realtors
• Things to Look Out For When Working With Insurance Agents

In this module, we'll be showing you how tax write offs can either positively or negatively impact your ability to access certain loan products.

Here's what we cover:

• How Write Offs Can Impact Future Lending

In this section we’ll guide you through everything you need to know about placing offers on properties you're interested in, negotiating the purchase price (and other components of the deal) and finally, closing and taking possession of your next property.

In this module we'll discuss the process of offering, negotiating and finally closing on properties.

Here's what we cover:

• Offer Process
• Negotiating
• Closing

In this section we’ll guide you through everything you need to know about tax and accounting for your first (or next) short-term rental property.

In this module, we'll discuss the STR Loophole and how it can save you as much as 5-6 figures in taxes.

Here's what we cover:

• How STRs Can Save You Up to 5-6 Figures in Taxes
• An Overview of The Passive Activity Rules
• How To Get Around The Passive Activity Rules
• The Short-Term Rental (STR) Loophole and its benefits

In this module, we'll be discussing strategies that will help you to be as tax efficient as possible with your short-term rental investing.

Here's what we'll cover:

• Deductions You Don’t Want To Miss
• Entity Structuring for Tax Efficiency
• Are LLCs necessary for STRs?

In this module, we'll provide an overview of the basics that you need to know about bookkeeping for your short-term rental property and how to do it the right way.

Here's what we'll cover:

• Why You Can’t Afford To Neglect This Part of Your Business 
• What is Bookkeeping?
• Benefits of An Updated Bookkeeping System
• Downsides of Not Having Bookkeeping 
• What Types of Financials Do You Need?
• Bookkeeping Software
• DIY, Hire, or Outsource?

In this module, we'll walk you through how to find the best accountant for your STR property.

Here's what we cover:

• Why Not All Accountants Are The Same
• Why You Need A Real Estate Specialist 
• The Different Tax & Accounting Roles
• Finding Real Estate Tax & Accounting Specialists
• Questions to Ask

In this section we’ll guide you through the steps you need to take to ensure that your renovation process runs smoothly.

In this module, we will discuss how to manage your renovation.

Here's what we cover:

• Planning Your Renovation
• How to Find the Right Trades
• Setting Yourself Up for Renovation Success
• Managing Your Renovations

In this section we’ll walk you through the various steps to successfully furnishing and setting up your STR so that you can start welcoming guests.

In this module, we will walk through how to start designing your interior.

Here's what we cover:

• Hiring a pro vs. designing yourself
• Optimizing your space for maximum returns
• Must haves, nice to haves, and total wastes of money
• Budgeting

In this module, we will talk about your property's amenities.

Here's what we'll cover:

• Identifying High-ROI amenities
• Must haves, nice to haves, and total wastes of money

In this module, we will talk about the sourcing of your amenities.

Here's what we'll cover:

• Maximizing ROI vs. maximizing efficiency
• Staying organized and on budget
• Organizing pickup/delivery

In this module, we'll discuss how to set up your property to look its best.

Here's what we cover:

• Setting up your space for guests
• Initial deep cleaning & staging for photography
• Hiring the right photographer

In this module, we'll guide you through how to get great photos of your property.

Here's what we'll cover:

• The importance of getting great photos
• The goals of your photos
• What shots you need to get
• How to ensure your photos convert
• Hiring the best photographer

In this section we’ll show you how to optimize the performance of your property so that you're maximizing both bookings and guest satisfaction.

In this module, we'll help you to understand Airbnb's algorithm so that you can use it to your advantage.

Here's what we cover:

• What Airbnb’s algorithm is
• Why understanding Airbnb’s algorithm is important
• How Airbnb’s algorithm works
• The golden rule of performance
• The importance of a strong start
• Troubleshooting poor performance

In this module, we'll show you how to create the perfect Airbnb listing.

Here's what we'll cover:

• Understanding your ideal guest
• The key components of a great listing
• Crafting a winning headline
• Writing the perfect listing description
• Building the perfect listing

In this module, we'll talk about how to properly price your listing.

Here's what we'll cover:

• Pricing a new listing
• Ramping up to full capacity
• Managing seasonality
• Understanding averages
• The goal of pricing optimization
• Setting targets for each listing
• Hitting your goals and achieving peak performance

In this module, we will talk about how to deliver an amazing guest experience.

Here's what we cover:

• What it means to be a great host
• Preparing yourself and your listing
• Optimizing pre-check in
• Delivering an outstanding stay
• Streamlining the checkout process

In this module, we'll be discussing how to manage and monitor your finances.

Here's what we'll cover:

• The importance of financial tracking and analysis
• Tools for in-depth tracking
• Hiring a great accountant

In this section we’ll walk you through everything you need to know in order to effectively manage your properties while removing yourself from the day-to-day operations.

In this module, we will begin to discuss how to manage your property.

Here's what we cover:

• Pros and cons of managing yourself
• Pros and cons of hiring a property manager

In this video, we'll show you how to select the right property manager.

Here's what we'll cover:

• Finding property managers in your area
• Managing your property manager relationship

In this module, we'll show you how to setup your operations for success.

Here's what we'll cover:

• What a channel manager is and why you'll need one
• Setting up your channel manager
• What dynamic pricing software is and why you'll need it
• Setting up your dynamic pricing software

In this module, we'll teach you how to put a great cleaning team together.

Here's what we cover:

• Mastering the turnover process
• Finding a good cleaning team and building a great one

In this module, we'll walk you through how to hire your guest communication team.

Here's what we'll cover:

• What the role of a guest communication team is in your business
• How to master guest communications
• Finding and training great guest communication team members

In this module, we'll cover how to handle maintenance requests and how to hire a gofer.

Here's what we'll cover:

• What the role of a Gofer is in your business
• How to all but eliminate the need for a Gofer
• Finding a good Gofer and setting him/her up for success