Answering MORE of your Airbnb Investing Questions
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SUMMARY:
And we’re back! The last FAQ video had such great feedback, thank you. In this video, I answer five more questions from you about short term rental investing. It’s your chance to pick my brain.
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Thanks to everyone who sent in their questions after the last video. If you have Airbnb or short term rental investing questions, comment on the video or click the free investing training link above. I might answer it in that video.
Today I answer five new questions about Airbnb investing.
The first question is, “How or where do I find good properties?”
This one of course makes people think there’s some secret that only certain investors know about.
Not really. I’ll go over exactly what I’ve done.
The second question is, “How do I know if the deal is good or not?”
Now that one is a bit of the secret sauce. For short term rentals, you’re looking at something different than “regular” home buyers. But you still need to know if you’re going to make a profit. I talk about it in this answer.
The third question is, “Can I get financing on a short term rental?”
There are so many variables to this question, but I take a stab at the high level answer.
Fourth question is, “How can I do this and it be passive?”
For sure it can be another part time job if you let it. Or you can set up systems. I talk about how to make your short term rental passive in this answer.
Final question is, “How do you make sure your property stays booked?”
Here I talk about how exactly I make sure we hit our booking AND revenue targets for my property. And it’s something that only takes 20 minutes a week to get us to the top 90th percentile in revenue for our area.
VIDEO TRANSCRIPT: