The HARD TRUTH of Airbnb Investing in 2024

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00:00 Intro
00:56 Hard Truth #1: Increased Competition
05:43 Buy an Airbnb in 90 Days
06:56 Hard Truth #2: Rising Interest Rates
10:15 Hard Truth #3: You're Running a Business
16:25 Hard Truth #4: Guests Are Expecting More
20:27 Hard Truth #5: The Economy
22:50 Hard Truth #6: Airbnb Regulations

[RicksCafeAmericana]

Great content! Thank you.

I own one rental in an affluent suburb in nor cal and I co-host another in the same area. These are furnished midterm rentals. I don’t get travel nurses. The homes are too big for what they typically need. Occasionally a physician with a family will inquire.

But I have managed to have a high rate of tenancy because I charge a fair rate (still $1500 over what I would get for a long term rental). Most of my guests are people moving to the area, getting their homes remodeled, or contracting with an employer for a time. I also keep in contact with corporate and insurance housing agencies and middlemen.

Remember, the guest is a customer. Give them first class treatment and build a relationship with them.

[OHANA-Beach-Suites]

Great info here guys! We are just regular hard working couple in Seattle, building a boutique Beach Resort in the Philippines, opening Ohana Beach Suites later next year! Excited! Dreams come true! 🤙

[robynsplittstoesser]

I have a landlord in CO Springs, CO interested in talking to someone about leasing to a small airbnb arbitrage biz... any advice on how to find and shop these businesses

[campfit]

Tony J, do you even lift bro?! lol jk great vid guys, thank you!

[wildernesscapes]

I don't see the link to your video on more detail about your PMS?

[JasonJFlippingLife]

Loved the video. I have several long-term rentals in the Birmingham alabama area. I am considering turning a few of them that are a 5min drive to downtown into short-term or midterm rentals. What is the ratio comparison of revenue you would suggest to consider changing a property from long-term to short-term?

[paulnastasi]

Hello, my property is currently on VRBO since July 1st. So far I have 3 bookings. Do you recommend Airbnb as well? Thanks, Kevin

[FeliPeltier]

The hard truth is that those who own Airbnbs are helping with the destruction of their communities and the housing market. So, thank you, I guess.

[yodajackson]

We send our guests 2 messages, A Greeting at the beginning of a stay and a reminder for checkout at the end, I'm curious as to what the other 11 messages would be that you have automatically sent? As a Host and guest, the less correspondence I have with a guest/host, the better.

[ihorhordiienko-ojqp]

Excellent. Our company provides architecture and interior remote consultation services for house flippers and investors.