Why NOW Is The Best Time to Start Managing Airbnbs… Ever

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What's up guys, my name is James and in today's video I want to talk about why now is specifically a really, really fantastic time potentially one of the best times ever to get started in the business of managing other people's properties on Airbnb. And I also want to talk about specifically, which areas are the best ones to get into right now, because isn't universally applicable. Now, before we dive into, I know what you're thinking, you're probably thinking, how could this possibly be one of the best times ever to get started managing properties on Airbnb, don't worry, I'm going to break it down. And like I said, it doesn't occur in every single market, there's different pockets that are actually going to be a lot more opportunistic than others.

Now, before we get into the meat of explaining all of that, and breaking it all down dissecting it, I do want to remind you that there's a link down in the description below this video to a free training that you can get checked out that you can learn how to earn a full time income managing other people's properties on Airbnb. So if during this video, you realize that there's a fantastic opportunity, and you can see that opportunity, you want to have yourself, give yourself the tools to be able to take advantage of it, then I highly recommend checking out the link in the description down below.

That's going to give you a free training completely free to register for and join for a limited time only. And some really great free tools that you can use that will give you absolutely everything you need to build your business to a six figure income managing other people's properties on Airbnb, without owning, buying, renting furnishing any properties whatsoever. It's a really great business to start up right now. And it's a really great business to start up anytime, really, if you want to get started with as little money invested into the startup costs as possible.

So now with all that out of the way, let's just go ahead and talk about why right now is uniquely a great time to get started managing other people's properties on Airbnb. Well, for starters, there's some fantastic markets right now for managing property domestically, especially in larger companies, or larger countries rather, like Canada or the United States, where there's a big population, and especially with the United States, I mean, Canada, it's great. But United States, you can't beat that huge, massive population of people that are actually stuck traveling domestically. Like you see, there's not a lot of opportunity for people to travel internationally right now. And so there's a lot of domestic travel happening.

So right now, there's a huge opportunity for managing properties in areas that are really interesting or really attractive for people to travel to locally. So for example, that cottage property that's a couple hours outside a major city that's going to be doing really, really well right now. Because those people that are in that major city, that big population are going to want to get away somewhere. And we're seeing that all across the map. There's areas around national parks, cottage areas, in fact, I just brought a property a couple hours outside of Toronto and a great cottage destination, because a lot of people in Toronto want to get away want to travel like they normally do. But they can't travel internationally.

So what's the answer? The answer is to travel domestically, and typically, they're not going to want to jump onto a flight for obvious reasons. So typically, that's going to be a couple hours away a couple hours drive that is Now what that means is that those cottage areas, National Park areas are really booking up quickly right now. Now another opportunity that's just on the horizon here is international travel is going to start opening up.

Now we just saw it down in the US, they had their first official sporting event that opened up to to a massive, massive live audience there with the UFC fight recently, and that booked up in a matter of minutes, you can tell people are eager to get back to the way they normally live their lives, going to sporting events, jumping on a plane and traveling. And so once that international travel does open back up, my prediction is that we're going to see a huge spike in the numbers of people traveling internationally and staying in Airbnb, because people are still going to want to stay in their own private space rather than being in a crowded hotel if they can. So there's a lot of opportunity brewing.

And there's some current markets right now that are doing way better than normal. So for example, the area that I just bought an outside of Toronto is up about 35% in terms of the overall revenue in 2020 compared to 2019. And we're projecting that 2021 is going to pull some similar numbers. So it can be really, really great time to start managing. Now the other aspect of this whole equation that makes it really interesting and enticing to get into actually managing these properties is the fact that a lot of people are now investing in properties for short term rental. Obviously with interest rates being at all time lows. There's a lot of new activity in the market.

You can see it if you look if anyone here has been interested in buying real estate recently, you'll notice that the prices are sky high and there's huge bidding wars. There's a lot of people buying property. There's a lot of people getting into the market. And what that means for us is it means that new people without experience are getting into Airbnb and short term rentals for the first time. Now, what are they going to need, once they get things set up and running? Well, they're going to want someone to manage the property for them and take care of it. Because a lot of these people are buying places that are not super close by them. So it's a challenge for them to manage it themselves. And they just don't have the right tools and systems to be able to really optimize the performance of the property.

So understandably, there's been a huge boom in demand for Airbnb and short term rental property managers and a lot of different markets. So that represents a really big opportunity, if you're in the game now, or you're getting into the game right now is that there's a whole bunch of additional demand for our services with a whole bunch of new investors jumping into the market, given that interest rates are at such an all time low. So this is a really big opportunity for us. And then to cap it all off, the real kind of cherry on top of the sundae is it Airbnb themselves as a company are making a huge marketing push, trying to get new hosts onto the platform right now.

So again, because of that, we're seeing even more new hosts getting onto the platform and needing help managing their listing, and therefore they're coming to us, the property managers to get that professional help to optimize those properties. And then all that put together equates to a really great opportunity for us, because obviously, there's a lot more demand for our services as property managers.

And there's a lot of bookings coming into these Airbnb if you're managing them in the right area. So if you're doing the percentage management fee model, which I talked about in the free training linked in the description there, where you actually earn a percentage of all the revenue that the property generates, that means that the more bookings you get when the property is booming like it is right now, the more income that you get for managing that property. So 20%, you can easily man be earning $702,000 per month for one single property if you have the right property in the right area.

Now again, if you want to learn all the ins and outs of how to find those incredible properties in areas near you, and how to actually get in touch with those property owners how to bring those properties on board, how to actually manage them, then just check out the link in the description down below. That free training is going to walk you through absolutely everything step by step by step and show you how to get started and how to build this into a six figure income from managing other people's properties on Airbnb. So I hope this has been a really valuable video for you.

I hope you got some great takeaways. If you have any questions about anything that I've covered in this video, then please leave me a comment in the comment section there and let me know I'd be happy to answer your question in the comments or make another video about whatever question that you have. So the last thing I'd ask for you is to just quickly press that like button click the like button below this video it helps me out tremendously with YouTube's algorithm so if you're still here watching then I'm sure you got some great value from this video I would really appreciate if you took a quick second to just press that like button give the video a quick thumbs up because again, that helps me out tremendously with growing my channel and helping more people to earn a full time income managing properties on Airbnb. I hope you got value from this and I'll see you in the next video.