Flipping America 206, Rentals Part Two

By on October 16th, 2022 in Podcast

podcast 206 airbnb

Expected Air Date: 11/08/18

Opening

You don’t get far these days in talking about rental properties before someone wants to bring up the AirBnB strategy. It’s relatively new, but I suppose we should not be surprised that people have already developed a strategy around this. At first I was skeptical but I’ve looked at the actual financial results from several friends and I’m convinced if you are willing to put in the work or hire it done, this can be the most lucrative form of rental ownership out there. The trade off is either greatly increased work load or higher expenses. But those expenses should be offset by the profit potential. If done well and located optimally, your short term rental house could produce income that doubles what you could get from long term residents. This is also a fine solution for 1 and 2 bedroom homes. 

I’m trying to say “short-term” more than AirBnB, not because I have anything against AirBnB. In fact the opposite is true. But I want you to know there are other providers out there as well including VRBO and HomeAway. But AirBnb has come from nowhere to dominate this industry and those who use these services will tell you there’s a reason. And that reason has to do with payment policy. But I’m not going to repeat hearsay at this time. If you are interested in this, make it a point to call the service provider and ask them how long it takes to received payment from them. 

Jason Sterner is a pioneer of the AirBnB strategy. He has mastered the process and is one of their highest rated Hosts. He’s going to join us in a few moments to tell us how he did it and how you can as well.

How to contact us

www.flippingamericanetwork.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

YouTube: bit.ly/FlippingAmericaOnYouTube

Linkedin: bit.ly/FlippingAmericaOnLinkedIn

We now have a profile at houzz.com for what it’s worth. 

Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. 

Announcements:

  • Lunch with me every Wednesday.
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

Resources:

Guest: Jason Sterner

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Emails:

questions@flippingamericnanetwork.com  Tell us where you’re from!

  • Winifred, Villages of Ocala, FL “My husband only wants to use the cheapest paint, the cheapest carpet, the cheapest fixtures and cheapest everything in our investment houses. He says the tenants don’t care and wouldn’t appreciate better things. He also won’t do anything about controlling bugs or termites. He says that’s the tenant’s responsibility and it says so in the lease. I know we don’t want to put the finest products in our houses, but it seems like we ought to be better than the cheapest. I’d like to know how you handle this.”
  • Sammie, Atlanta, GA “How do you have so many deals to look at? I don’t know where to find them.”

Motivational Thoughts for the day

“Even if you are on the right track, you’ll get run over if you just sit there.” – Will Rogers

Leave a Reply