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How to Achieve Time-Freedom with your Airbnb Business

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Find out how you can set up your Airbnb management business so you can achieve freedom! 

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Earn a full-time income managing other people’s properties on Airbnb:

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Many of us start businesses with the hopes of having more freedom in our lives, whether that is financial freedom, spending time with family, being able to travel, etc. The problem I see a lot of people facing, is that they actually build themselves a job, something that requires their daily inputs on an ongoing basis. When that happens, they don’t actually get the freedoms that they want. Today we’re going to talk about building freedom into your business so you can get the outcome you’re looking for.

The first thing you have to do is outsource cleaning. I see way too many people wanting to save money by doing the cleaning themselves. If there’s anyone here who is thinking that’s a good idea, I’m going to give you a warning – that is one of the lowest leverage activities that you can possibly be doing in your business. You’re going to be earning a low hourly wage, depending on your area, which is not a great way to be using your time. If you put that same amount of time into going out and finding more clients, or improving your pricing, then you’d be making a lot more money long term than you would save by doing the cleaning yourself. Along with that, it’s really important to outsource or automate the management of your cleaning, because there’s a substantial amount of work that goes into scheduling your cleaners and making sure that they do a great job so you can have a seamless guest check in. You are going to want to have a back end system in place to manage that for you. With cleaning as well, I see people trying to save money by hiring individual cleaners. But the problem with that is that if they call in sick, you have to jump in and fight that fire, move the schedule, fix it up. Before you know it, you’re running a cleaning company. I highly recommend hiring a cleaning company, because even though it costs more, the benefit you’re going to get from it far outweighs the cost. 

Step two is going to be to get yourself out of guest communication, whether that’s before or after they book, or during or after their stay. The nice thing about that is it’s relatively inexpensive to do, and you can use software to automate quite a bit of it. You can program the software to send a message to the guest a few hours before check in with a detailed list of check in instructions, and things like that. And for the other components of guest communication, you’re going to want to put in place a virtual assistant. We go into full detail about the automation software and how to find great virtual assistants at a reasonable amount in our free training.

The last thing you want to make sure to automate is your maintenance. In the training, we go over how to find yourself a gopher, or a person who is going to be the point person on the ground for the property. They’re going to make sure everything runs smoothly, the guest has enough towels, taking care of a plugged toilet, etc. You can actually make that an additional profit center for your business because you can pay your gopher hourly, and bill at a slightly higher rate than you pay them to get some additional profit. Once you have those systems in place to have most of the day-to-day activities outsourced and automated, your business is going to be in a fantastic place, and you’re going to have a tremendous amount of freedom, where you can manage 20 or 30 properties with as little as 3 or 4 hours a week.

VIDEO TRANSCRIPT:

What's up guys, it's James here and in today's video, I'm going to talk about something that I'm really excited to dive into in more detail. And that is how to get time freedom from your Airbnb business. Now, a lot of us start our businesses with the hopes of having a lot more freedom in our lives. Understandably, we want more financial freedom, we want to be able to spend time with family want to be able to travel, and doing all that stuff is really what drives us in building our business and what what makes us want to start a business in the first place.

And the problem that I see a lot of people running into in all different types of businesses is that they actually just build themselves a job, they build themselves a business that requires their daily inputs on an ongoing basis. And so they don't actually get that freedom that they want. Sure, they might get a little bit more financial freedom, and there's still great benefits to having your own business. But at the end of the day, a lot of the time people don't put the systems in place to be able to get real time freedom. So if they want to go on that vacation, sure, it's not their boss telling them No, but they know that their business isn't going to keep growing and keep producing results without them there.

So there's a really big trade off that they have to make. And oftentimes, it just doesn't make any sense to do that. Well, you know, if you set out from the beginning to build your business to give you freedom, and you don't build it in the right way and have it not give you freedom, then you're not really accomplishing that goal. So I want to share in this video today with you a couple steps you can take to make sure that you actually build time freedom into your business, and make sure that you get the outcome that you're looking for.

Now, if you haven't checked it out already, I highly recommend that you take a look at the free training that's linked down in the description below. So that training is going to walk through step by step exactly how you can build a business, it's going to get to a full time income managing other people's properties. on Airbnb, we show you how to do this without owning any properties, renting any properties without deploying any capital into buying renting, furnishing any properties up front, and how to build that into a full time income managing other people's properties.

And in that training, we're also going to show you in more detail a lot of the systems I'm going to talk about in this video to allow you to really get time freedom. That's the ultimate goal. We've now worked with a few 100 students all over the world, helping them to build incredible businesses managing other people's properties on Airbnb, and really get real freedom back into their lives. So if you want to be one of the next students who work with, if you want to learn from us and learn how you can build a business that gives you freedom and control back over your time, then just click the link in the description down below to check out that free training.

So let's just jump right into it. The first thing that I want to talk about that you need to do in order to get yourself to a place where your Airbnb business gives you real freedom over your time is you need to outsource cleaning. That is step number one, I see too many people wanting to save money by just doing the cleanings themselves doing the turnovers themselves. Now, I know for a lot of you, that's gonna seem really obvious. No, I shouldn't do that.

But for anyone here who's doubting it, anyone here who's thinking, well, maybe I should just do the cleanings early on to get some additional income coming in, I want to issue a really strong word of warning, that is going to be one of the lowest leverage activities that you can possibly be doing in your business, you're going to be earning not a huge hourly wage, depending on the area, you're in how much you're charging for cleaning fees, it's likely that you're only going to be making about 20, maybe $30 an hour, yikes.

That is a really low hourly wage to be putting your time into when a lot of people don't realize is that although you may look at it and say, well, I've got free time my schedule, I might as well go and do this and make money, is it Yeah, sure you're doing something that's gonna make you money now, but it's a very small amount of money that you're making. Now, if you put that time into going out and finding more new clients, or improving your pricing so that you could satisfy your clients even further and help your property to actually earn more money, then you'd make a lot more money, you just make it a little bit longer term.

Obviously getting a new client doesn't pay off right away, right that second the way that cleaning a property does. But it does pay off 10 2030 100 times as much as doing that cleaning does, once you actually get done long term, it's going to really give you that big payoff. So number one, you have to make sure that you outsource your cleaning. Now along with that it's really important that you actually outsource or automate the management of your cleaning as well, because there's actually a substantial amount of work that goes into scheduling your cleaners and making sure they show up and do a great job. And the guests can seamlessly check in once you've got four or 5678 910 properties under management.

So you want to make sure that you have a system on the back end to be able to manage that for you so that you're not spending a whole bunch of time coordinating your different cleaners. I speak with people often who try to save money and getting cut corners by trying to hire individual cleaners. Now the problem with that is if you hire an individuel cleaner for each one of your properties, then they call in sick, then you have an issue and you have to jump in and fight that fire and move the schedule around and fix things up. The other challenge is that those cleaners aren't going to manage themselves very well. So you start having to take on that management role doing quality assurance, making sure they're showing up on time, everything else. And so before you know it, you're running a cleaning company.

And that's again, going to take a lot of time and energy away from you being able to grow and properly manage your property management company, which is going to earn you a lot more money than trying to run your small little cleaning company. So for that reason, with your cleaners, I highly recommend hiring a cleaning company, because yes, it is going to cost you a little bit more. But the benefit you're going to get from that far outweighs the cost, they're going to be able to reschedule their own cleaners, if someone calls in sick, they take care of that, they're going to be able to integrate with your schedule, you have one point of contact for everything.

And that point of contact can take real ownership over the role. And they have a vested interest in making sure that everything runs really smoothly. So in my experience, it's always going to be a better direction to go. Unless your goals are very, very minimal. And you just want to be managing a couple of properties. But the next thing that you're going to want to do, after you've really sorted out your cleaning, and outsource and automated all the aspects of that you can that's going to now be running very smoothly. So the turnovers will happen, the guests are able to check in and check out without any intervention from you great job, that's one awesome thing to be able to remove yourself from completely.

And once you have the right system that's relatively easy to do. Again, if you want to learn more about the exact systems we have for how to find the right clean team, train them put this checklist in place, they do a great job, the software's we use to schedule them all those tools, everything the whole system, then just check out the link down below in the description, it's going to go through that in a lot more detail. Step number two, in order to really free up your time from the business is going to be to get yourself out of all the guests communication, that tends to be the next natural place where there is an investment of time is in communicating back and forth with guests, whether it's before or after they book before or after, or even during their stay, whatever that might be, you want to get people in place to be able to handle that completely for you.

Now, the nice thing about that is it's relatively inexpensive to be able to outsource that completely. And you can actually use software to automate quite a bit of it. And as a bonus, the software is actually going to do a better job than you will in a number of different circumstances. So I'll break it down really briefly here. But again, if you want more detail on it, then just check out the link in the description down below to that free training, we're gonna go into more detail. But essentially, your software is going to do a great job of timing messages that your guests are going to want to receive at specific points throughout their stay where their booking process.

So for example, you can program software's to have them just send a message automatically to guess a couple hours before they're checking, giving them a full detailed set of checking instructions. That's something that you as a human being could obviously quite easily make a mistake on. And that would cause a huge inconvenience to your guests. So by automating that with software, you're actually improving the consistency of it. And you're gonna get really great results for all of the automatable components of your guests communication, you're going to want to put in place a virtual assistant.

Now, inside of our training, we also go into full detail about how to find great virtual assistants how to make sure that you're paying them a reasonable amount, but that's going to cost you almost nothing per property, we work it out to be about $40 per property per month is all you ended up having to spend to get all your communication off of your plate. And part of having those VA s do a really great job of those virtual assistants is make sure they have the right set of systems so they can communicate effectively figure out the answers to guests questions, whether it's a local question like directions or a property specific question like how to adjust the thermostat, you really want to make sure that they have all those systems and strategies to be able to answer all those questions effectively.

So again, if you want more detail about how to get your hands on all that, then just check out the link in the description down below to that free training. Now, the last thing you're really going to want to make sure you automate is going to be your maintenance. Again, scheduling your maintenance is going to be important to make sure you have the right systems and tools in place to be able to do that. And then the rest is just outsourcing it to the right person. inside of our free training.

We go over how to find yourself a gopher, this is going to be the person who's going to go for this go for that they're gonna be the point person on the ground for that property. And they're going to make sure that everything runs smoothly. Anything from a guest needing more towels to a toilet being plugged to electrical issues, they're going to be the point of contact to take care of that. Then really nice thing about that is that can actually be an additional profit center for your business. Because by having fuel in place you're going to have in your contract and your agreement that you build them out hourly, and then you're going to build them out at slightly more than what you pay them.

So it's a really great office. to actually make some additional income and other income stream for your business. Now, I don't recommend up charging that massively because you still want to give an affordable rate to your clients. But you will want to bake in a little bit of margin into that. So that you can make a little bit of additional income on maintenance needs everything like that. And then finally, the last component, those are the three major components really, once you've gotten your your systems in place to have that stuff automated and outsource, your business is going to be in a fantastic place.

And you're going to have a tremendous amount of time freedom, the last component is going to be pricing, which depending on the market that you're in, depending on the types of properties you manage, it's going to be more or less time consuming. But you can also put in place real easy to implement systems and even in some cases, certain software's to really automate that process, or the very least streamline it massively so that you can manage absolutely everything in your business, even at 20 or 30 properties and as little as just three or four hours a week.

Now, that makes things really, really easy to manage, you're then at the at that point making an incredible income, especially when you think about the hourly rate that you're actually earning on your time. And you at that point really have a tremendous amount of freedom to step away from your business, go and travel, spend time with your family, do the things that you want to do. And rest assured knowing that your business is going to continue growing and thriving without you there.

So again, if you want more details, if you want access to our tools and our resources that I've talked about and our systems I've talked about in this video, then just go ahead and check out the link in the description down below. Click on that register for free training, it's gonna ask for your name, your email, you're going to input it, select the time for the training and then you can register Get yourself a spot into one of those upcoming free trainings.

And then you can go through it with us in person where we really just walk you through step by step by step over the over the conference event just exactly how we went about building this business and getting it to six figures getting into a full time income managing other people's properties on Airbnb, again, I highly recommend you check out that free training if you haven't already done so and it's linked in the description down below.

Otherwise, just click that like button click that subscribe button to keep up to date with the channel and to show your support for the channel. I really really do appreciate it and until next time, I will see you in the next video.

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