$10,000 PER MONTH on Airbnb… Without Owning Property
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Lots of ways to make money in real estate and on Airbnb. But how can we do it without bothering with property down payments? Or furnishing for “arbitrage”? Watch this video to learn exactly how.
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In this video I outline the way to get to $10,000 per month, over $100,000 per year in income with as little time spent as possible.
Honestly, it’s crazy how backwards the thought is. Everyone who tries short term rental management thinks to go for busy areas.
Well, lots of homes to choose from, they think.
But that’s backwards.
In the video, I outline what is the difference between managing a small Airbnb and a large Airbnb. I mean like a studio or 1 bedroom versus a four or five bedroom.
How much more work does it take to manage a large Airbnb? And how much more does it earn?
We’re trying to find the intersection – the perfect match between our level of effort and how much we earn.
I also share the exact areas you should be aiming for. Pro tip: it’s not the busy, urban areas with lots of visitors.
If you want maximum profit for the least amount of work in Airbnb, I’ll share with you exactly how in today’s video.
I’ll also share with you WHY those areas are so ripe for the picking, even if it sounds backward.
After all, business is all about solving problems. And if you can solve these problems, you make really good money.
Hey, what's up guys, it's James here and in today's video, I'm going to talk to you about how you can earn up to $10,000 a month or more on Airbnb without owning any property. And even managing just as little as five properties to get to $10,000 A month $120,000 per year. This video is one you do not want to miss if you're interested in learning more about and just actually getting started with managing other people's properties on Airbnb and earning a fantastic full time income doing it without having to put any money into buying, renting furnishing any properties at all. Now, this is something that a few students that I work with, for those of you don't know, I have a program where I actually work with people and teach them exactly how to manage other people's properties on Airbnb and walk me through the whole step by step system, there's a free training to get started with it's linked in the description down below, we're also going to give you some free tools when you sign up for that. So make sure you check that out as well links in the description. But there's a few students that I work with in that program who are out there actually doing this and actually managing properties that are bringing in up to $2,000 a month in management fees from a single property. So with that, it means that they only have to manage five properties to get to $10,000 a month managing other people's properties. And again, that means that they didn't have to spend any money buying the property, renting the property furnishing the property, nothing, they literally can get started this business with no money out of pocket to invest in it anything to do with starting the business as far as like, you know, resources, materials, supplies, anything like that, and then build up an income of $120,000 a year. I know for a lot of you guys watching this channel, that kind of income would be absolutely fantastic. Especially if you could then replace your nine to five and have freedom be able to run the business remotely from anywhere in the world that you want travel, spend more time with family. So again, links in the description if you want to learn more about this step by step by step for exactly how to do that for yourself and whatever market you're in. But really, I want to talk about why this opportunity is so fantastic, and how you can actually go about doing getting to $10,000 a month with so few properties. And it really comes down to picking the right market and picking the right properties within that market. And so one of the big advantages is that a few of my students are in markets where properties will be able to bring in over $100,000 a year. And we are finding those markets more and more and more frequently all over the map. So I'm seeing I'm going I'm looking like even just yesterday, I was looking if you can believe it. Yesterday, I was looking at data for North Carolina, and I found a geodesic dome in North Carolina that was able to bring in $100,000 in the last year $97,000 Actually, in the last year for one geodesic dome, for those of you who don't know, that's like an auxilary dwelling unit. It's basically a tent. It's a very cool, really sweet tent with like a really cool interior. But it only sleeps two to four people, it's very small, and noplace was able to bring in $90,000 $97,000 per year in North Carolina, like nothing special. It's not in downtown New York, it's not some fancy penthouse. And those types of properties can do really, really, really well. So I'm finding more and more that rural areas with larger properties or cooler properties. cabins, a frames are consistently consistently seeing market spring up where properties all over are doing 80,000 90,000 100,000, even $150,000 per year. Take for example, the property that I own that I've talked about a bunch on this on this channel, one of those properties that we own, it's doing it did over $150,000 In this last year, and it's nothing special, it's not some crazy property. It is a you know, 3000 square foot bungalow, if you count the basement, it's only 1500 square feet up top. It's a bungalow, it's in a rural area in kind of the middle of nowhere in cottage country, and not property brought in over $150,000 in its first 12 months as an Airbnb. Now, the cool thing about that, and the reason that's such a huge opportunity for short term rental managers is because those properties bring in incredible revenue. And as a property manager, you earn your income, your management fees as a percentage of the overall revenue on the property. And so if you can manage a property that's bringing in $100,000, here, that's gonna bring you in $2,000 a month, or $120,000 a year is gonna get you $2,000 A month in total management fees. So to get to $100,000 a year, all you need is five properties that can bring in $100,000 here to get to $10,000 a month, all you need is five properties that can bring in $120,000 per year. And so doing that is very, very easy. If you have the right market and you're looking for the right types of properties. That's the other reality that we've seen is that in virtually, you know, so many markets all over the world, especially around North America, we're seeing that they're consistently prop areas where there are a certain type of property that perform really well. So very ample if you look at any number of markets, sure, yeah, the one bedroom and two bedroom properties are bringing in less income. But if you start focusing on four, and five and six bedroom properties, those larger properties, or you start focusing on really cool, unique properties like a frames, geodesic domes, things like that, those properties are routinely bringing in over $100,000 per year. And so by focusing in on those types of properties, you're serving unique section of the market that has really, really high revenues, so that you can earn really, really high management fees. And that's very beneficial to you because it means less work for the same amount of money, because you're managing much fewer properties to get your monthly income to where you want it to be. That's one big reason why this opportunity is so great. But honestly, probably the bigger reason why this is such a ripe opportunity for the taking is because these rural markets tend to be really, really lacking in good property management services. And so what we found is that all you know, all of the focus with property management is flowing into the major metropolitan areas, that's where people think the majority of the opportunity is, but a lot of these rural markets, the numbers are huge, like the revenue on these properties is absolutely massive. But the market is severely underserved. There aren't good property managers in that area. Now, for us personally with the property that we manage that I just talked about that over $150,000 a year, that property, we manage ourselves. Now, obviously, I have the tools and the skills and the team to be able to do that. But I actually looked at property management companies because I thought, Hey, maybe I can work with a property management company, have them actually do some of the work and maybe I can help them to grow their business as well. But there just weren't good options in the area, the only person I was able to find that manages properties in that area was some company that must have started 30 years ago, because they don't even use Airbnb. Imagine that. Imagine having a short term rental management company that doesn't even use Airbnb, they don't use any OTAs any of these platforms, they do everything through their own website. And as a result, their properties are severely underperforming. Now, I will say I have seen some companies in luxury high end markets do well with that approach of you know, catering to direct bookings. But this company is not one of them, they didn't take care of management, well, they didn't have a good cleaning solution. And they didn't get good booking rates, they you know, they quoted me that I could probably earn about 60 to $70,000. And we went out and did $150,000 for this property. So it just goes to show that these markets are severely underserved. And there's opportunity absolutely everywhere. If you set up a management company in those locations in those areas, you'll be able to get clients very easily, very quickly, you'll be able to help them perform better. And a lot of the time as well, like one of my students is up in one of these cottage markets. And he's finding that, hey, these people are buying properties here as vacation properties, their cottage properties. And so any money they can bring in, they're very happy with, they planned on just having it sit vacant for most of the year. So all of this additional income they're able to get bring in is just icing on the cake. So they have really low expectations or you know, easygoing people that are harder, they're really easy to please, the opportunity is endless, because there's very little competition. And the revenue potential is massive, meaning that your income potential is massive. You combine all those factors, and it creates this absolutely incredible once in a lifetime opportunity. So again, if you want to learn how you can actually take advantage of that and start earning a full time income managing other people's properties on Airbnb, then make sure you check out the free training that's linked in the description down below, it's going to really just walk you through everything step by step by step show you all the different tools that you need all the different strategies for how to find these properties, how to get in touch with the property owners,
you know how to bring the properties on board, absolutely everything, how to manage them, set up systems, all of it. And so ultimately, you'll have everything that you need to be able to, you know, actually manage these properties successfully have a full time income and have it be completely remote so that you don't actually have to be there and you can run this business from anywhere in the world and have real freedom and control over your time and your location. So if that's something you're interested in, check out the free training, it's linked in the description down below, it will not disappoint. And also if you liked this video, give it a thumbs up it really does help me out a lot with YouTube's algorithm. Make sure that you subscribe to the channel. If you haven't already, make sure you hit that subscribe button because i post two new videos every single week on this channel. So make sure you stay up to date with that. Also make sure that you let me know if you have any comments, questions, thoughts, anything you want to share, just let me know in the comment section down below. Other than that, have a great rest your day and I'll see you in next video.