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by Spencer Cooper (Author)
Airbnb Startup Guide: How to Make Money with Airbnb and Short Term Rental Investing
I was failing financially. I was in a dead-end customer service job and owned a failing laundromat. I needed a quick way to get out of debt and become financially free. I took a stab at renting my apartment out on weekends when I was out of town using Airbnb - and it paid off.
When I first started renting via Airbnb, I really had no idea what I was doing. I was just trying to make a quick buck. I made an account and listed my apartment with nothing but a few photos. That first year, I managed to make about $9,000 but felt it could make more if I did something right.
I quickly changed my strategy. I needed to approach this whole Airbnb thing like a true business. I took a look from the inside out and tried to make it the best business that I could. I adapted new strategies, brushed up my listing, and the rest is history The next year, my bookings and sales nearly doubled. Now, as it's not even my full-time job and I only rent at specific times, my Airbnb side income brings me in over $50,000 per year.
With the right approach, you can turn your space into a hosting platform that easily accommodates people from all walks of life and cultural backgrounds. Guests can step into your home and stay for as long as they want without feeling homesick.
Everything I learned since 2013 about Airbnb I share with you in my book Airbnb Startup Guide - Building Wealth with Airbnb You will learn from my years of experience as I show you how to start, run, and grow a business with Airbnb and short term property rentals. Don't worry, in most cases, you don't even have to own a house
You will learn all about these topics:
- My Personal Journey to Growing a Successful Airbnb Business
- Airbnb Terminology Worth Knowing
- An Overview of Airbnb
- Understanding the Advantages of Airbnb
- Understanding the Disadvantages of Airbnb
- Discrepancies in Property Descriptions
- The Effect of Covid-19 on Airbnb's Cancellation Policy
- First Step to Becoming an Airbnb Host
- How to Create a Striking, Long-Lasting Impression with Your Listings
- Familiarize Yourself with the Local Laws
- Pricing Advice
- How to Create a Cancellation Policy
- How to Become More as An Airbnb Super Host
- Creating a Great Listing on Airbnb
- The 7 Available Property Types
- Airbnb Tiers such as Airbnb Plus and Beyond by Airbnb
- Investing in a Property
- How to Pinpoint the Ideal Cities that Promote Airbnb
- Conducting a Comparative Market Analysis (CMA)
- Optimizing the "Rental Arbitrage" Platform
- How to Minimize Costs and Maximize Your Profits
- Potential Rental Generation for Long-Term Rental
- Legal Options to Consider
- A Listing of General Expenses
- Legal Issues Concerning Bed and Breakfast/Hotel Services
- Self-employment taxes - Medicare and Social Security
- Handling Positive and Negative Reviews Effectively
- Resolving Other Challenges Experienced with an Airbnb business
- How You Can Expand Your Real Estate Properties Via Airbnb
- Examining The Impact of Property Location on Your Listing
PLUS Two Bonus Sections: Rental Property Apps Worth Trying and Investing in Other Related Jobs
You should review the Table of Contents in the book preview so you can see just what you're getting for your money. You can make money with Airbnb, I will show you how
