Airbnb Host Has Her BEST MONTH EVER in July 2020?!
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How did one of our students achieve her best month ever on Airbnb in July 2020? Watch this video to see what she did and how you can do the same!
One of the students we work with recently had her best month ever hosting on Airbnb. In July 2020, she brought in over $16,000 on a single property! We are going to look into how that was possible for her and how you can take advantage of the same opportunity!
So in recent months, we’ve seen a really interesting change in supply and demand for Airbnb properties and listings. In fact, demand has been steadily increasing, while supply has remained low due to many hosts removing their properties from the platform and exploring long-term rental options in the months leading up to this domestic tourism boom we’re seeing now.
What that means is, the $144 billion tourism spending Americans usually bring abroad every year is staying in the US, with a lot of that money going towards the domestic tourism and travel industry. With the current situation, a lot of people are travelling closer to home, places they can drive to, and are wary of staying at crowded hotels, which has driven the big increase in supply for Airbnb properties.
So imagine our client’s property in an area of Florida where there are normally 500 listings, and 400-500 people looking for Airbnb properties. That means normally, there would always be some properties that aren’t getting booked, so they aren’t usually at full capacity.
But now, with the ways things have been changing, that same area has only 300 listings, but 700 people are looking for a property. That has led to an increase in prices, and an increase in capacity! So for her property, where there was normally an 80% booking rate, now for the 31 days of July she had 30 nights booked at a higher rate than was previously charged!
This amazing opportunity isn’t going to last forever, because in the next 6-12 months as we see international tourism picking back up again, things are probably going to level out again and go back to normal, so this is definitely something to take advantage of while it lasts.
In our free training session, we go into more depth and examine how you can achieve the same results even if you’re a total beginner, so click on the link in the description if you’re interested in finding out more about this huge opportunity.
Hey everyone, its James here and in today's video, I want to talk about a student that we work with who recently had her best month ever in July of 2020, and brought in over $16,000 on a single property on Airbnb in just one single month. I mentioned this in a couple of other videos and I've had people ask me questions about that, ask me how that's possible, what happened, what was property like? So I want to just dive into that a little bit more in detail in this video, it's probably going to be a pretty quick video where I just kind of go through some of the numbers and some of the breakdown of how this is possible.
And if you want to learn more about how you can do this for yourself, and there's a couple handy links down in description below to some free trainings we put together. One of those is for you if you are if you have a spare space, what spare bedroom Yeah, but investment property, whatever it might be, if you have a place that you want to list on Airbnb, I've linked down below in the description to a free train that we put together that helps hosts to really maximize performance on Airbnb and do it with all without a lot of the of the headache that comes along with hosting on Airbnb. And most people Ces. So if you want to learn more about that really want to optimize your listings performance, make sure that it does as well as possible right now and every month to come and just check out that link in the description below to check out that free training, we're gonna give you a couple free tools as well to help you out with that.
Now, on the other side, if you want to manage fields properties on Airbnb, and you want to help clients to perform really well, you don't have any property on Airbnb, but you want to manage other people's and you want to get started without any experience without having to buy or rent any properties or incur any other hard upfront expenses. And there's another link in the description down below to a free training on how to earn a full time income managing other people's properties on Airbnb, now is also obviously a fantastic time to be getting started with that. So if you want to, if you want to learn more about the step by step process for how to get started in that with no experience, get a couple free tools as well that will help you to start building that business. Then again, there's another link in the description below to one of those trainings as well.
Now, let's just dive into it and really dissect the student of ours who was able to bring in 16,000 In a single month, have our best month ever what happened here and I've discussed this a little bit in other videos, but I'll break it down here again, is that demand went up and competition went down. So basically what happened is demand for these books for these listings for this particular listing as it does for a lot of listings right now, all throughout America and a couple other countries, is you're seeing demand skyrocketing upwards. There's a lot more domestic tourism.
Again, I've discussed this in other videos. But basically a lot of the hundred and $44 billion that Americans typically spend in a given year on on international tourism is now being spent domestically because Americans like everyone else can't really travel internationally. So all that money is basically locked into the country. People are spending it domestically in America. So their booking stays typically within about 200 miles of their homes where they can drive to without having to hop onto a flight for health reasons, obviously. And so we're seeing a lot of that money being spent domestically and so bookings for Airbnb s in the US have gone up month over year. year in recent months compared to 2019.
Now the other factor is that people don't want to stay in crowded hotels and so they're booking more Airbnb s than normal. So that's another reason why demand has gone up. Now what's also happened is it supply has gone down supply has been reduced on Airbnb because a lot of people in recent months, you know, leading up to this have left Airbnb in favor of long term rental because they weren't sure what was going to be going on. Not many people expected things to bounce back as quickly as they have here. And so because of that a lot of people left and switch over to long term rental. And that means that there's fewer listings in a town and more people looking for listings.
So just picture your listing being located in Florida like our client, Jenny's was picture your listing being being located in Florida and a part of Florida where, let's say arbitrarily, there are 500 other listings normally, and in a given month, there's maybe you know, 500 people looking to book places, and maybe 400 even so you're gonna have a couple people that are going to get booked that aren't going to get booked. Normally, that's the way it would go. And now suddenly you have 700 people looking now those 500 listings are gonna get booked up a lot more quickly and probably for a little bit higher rates. But combine that with the fact that now there isn't 500 listings, there's only seven or there's only 300 listings on on Airbnb now because a lot of people left and went over to long term rental.
Now suddenly, instead of having four or 500 people looking for one of 500 listings, you now have six or 700 people looking for one of 300 listings. So now you've got a huge amount of excess demand. There's more people that want Airbnb properties to stay at for their holiday, then there are that actually have them, right. And so what happens then, is people that are smart, that have those properties, increase their prices, because they know that people are going to be competing more they want, there's more demand for the property and so your price can go up. Now if you learn the right pricing strategy, and you can see the early indications of this then you can increase your price quickly enough to really capitalize on this opportunity here.
Again, we talked about about that in the free trainings down below as far as how to actually maximize performance. And so basically what happens then you suddenly you are able to get a higher nightly rate. And your all your nights are gonna get booked up. Maybe in a normal month, you'd only get, let's say, an 80% occupancy rate in July, Jenny, for example, got 30 over 31 nights booked almost 100% occupancy rate at higher nightly rates than normal than ever before. And so as a result, she was able to bring in $16,000 in that one single month on that one single property on Airbnb. Pretty crazy, right? And so that's basically all of what's going on right here right now. Now, how long is this going to last? We don't know. I don't know how long this opportunity is going to last but good chances are it's going to be a couple months now here and then it's going to be gone or at least it's going to be slowed back down to normal.
Now things are certainly going to sustain for as long as the as long as there are effects from this pandemic. basically what's going to happen is we're going to see that As international tourism starts to open back up, which it looks like we'll probably be at least another six or 12 months here, that's when we're going to start to see this slowly start to ease back to normal because Americans will be able to spend their money elsewhere in the world. And as we will get more and more comfortable with that, we're going to see it slowly transition over. So it's not going to be some kind of steep drop off in Airbnb bookings, unless there's something crazy that happens, which obviously could happen.
I'm not sitting here with a crystal ball. I'm just sharing my perspective from looking at all the data and crunching all the numbers. And so what we're going to see is there's this huge boost in Airbnb performance, it's likely going to last another couple of months, and then slowly start to get back to normal. So if you are looking to get into Airbnb, you're looking to manage properties on Airbnb or host your own space on Airbnb. There is has never been a better time like virtually in the last five to 10 years, there hasn't been a better time to get started. So we're seeing a really, really big opportunity right now.
I would highly recommend that if you're sitting on the fence, you're kind of thinking about it that you just pull the trigger and get started. Because you're probably not going to see an opportunity like this come up for another several years in the future, if at all. So if you do want to get started, I recommend checking out those free trains link down below, they'll walk you through step by step how to do it, and how to do it the right way. Because it's not as easy as just setting up a property, whether it's your own or one that you're managing, just setting it up on Airbnb, setting it and forgetting it, you have to know exactly what price to set it out how to optimize it for the type of people that are booking right now how to set everything up perfectly.
So if you want to learn all of that, then just check out the free training down below. And like I said, we're also going to give you a couple free tools that will help you actually go through that process and get started with some properties. So that's just kind of a breakdown. I know it's pretty, pretty high level. But if you want to get really into the nitty gritty of the exact specs on like how Jenny was able to price her property, how she saw this coming, how she was able to adjust and make sure that her property performed as well as necessary and that no money was left on the table, how she's able to get that high booking rate. All those are things we dive into all the nitty gritty is The free train down below, there's just only so much I can really cover in a 10 minute YouTube video.
Whereas this training is an hour long in depth training where we really dive into all the details, so I'd highly recommend checking that out. Also, if you're new here to the channel, just click that subscribe button and you can get notified when we post new videos. We post them twice every single week. If you liked this video if you want to see more like this and just give it a quick like, like hit the like button in the bottom right hand corner does help me out a lot with YouTube's algorithm if you just click that like button so if you did appreciate the video, then I would love it if you leave it a quick thumbs up.
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