so you probably stumbled upon this video because you want to learn how to start an Airbnb business where do you start how do I begin how do I get my first property where do I look how do I furnish it I'm here to answer all those questions for you today today I'm going to be giving you a dummy guide on how to start your Airbnb business from scratch and by the end of this video I promise you won't have to watch another damn video on this topic ever ever again now you're probably wondering who's this guy teaching me about Airbnb and what does he really know well my name is Blake roacha I go by Mr 4 to8 online and in the last couple of years I've built and scaled my Airbnb business portfolio to $17 million and it does a little over $2 million a year in Revenue plus I've coached over 2500 students on helping them get their first airbnbs let's start by breaking down what it means to build an Airbnb or short-term rental business as a beginner it's important to understand right off the bat that this is not a real estate game that you're getting into this is a Hospitality business now the asset that you're going to be buying or acquiring is going to be a piece of real estate but what we do with that piece of Real Estate state is unlike any other business model typically when you buy a property and use it as a long-term rental it's supposed to be somewhat of a semi passive type of income and in this business model especially early on this is not passive at all I want to warn you right up front that this is a business and it is simple but it is not easy let me repeat that this business model is simple because the steps that I'm going to give you are easy to follow but that does not mean that it is easy it takes work it takes commitment it takes a few long hours and in my opinion it takes one to years of really going hard at this so that you can get to a point where your business is fully fully automated now I want you to ask yourself why do you want to get into Airbnb rentals anyways is it the money is it the time freedom is it the location Freedom do you want to work from anywhere in the world depending on what your answer was let me tell you what the true answer is after somebody that's been in this business and has done millions of dollars in revenue and and Profit the true answer is you want to be in this business for Freedom the money is great and the money allows you to buy back your time and buy back your freedom within your first couple of properties you should be able to replace your current 9 to-5 income if you're currently working a job that's step number one and that's what the main focus should be of building your Airbnb business early at least replace that 95 income so that you can buy back your time and then we focus on growing and scaling at a rapid rapid rate there is a mindset piece of Airbnb investing that many folks miss out on okay you have to think about all of these things before you go all in because it's not just about finding a property purchasing setting it up on Airbnb and letting it run this is a business as I said this is a Hospitality business and so over the next couple of months over the next year or so what are you willing to give up ask yourself seriously what are you willing to sacrifice are you willing to give up the Netflix every single night for 3 or 4 hours are you willing to give up the pointless spinning at bars and clubs that is what it's going to take when you're starting a business early on so now that we've got some of the mindset stuff and laid out some of the ground rules for Airbnb investing in today's video as you can see in the title we're going in depth into how to buy your first Airbnb and more importantly how to scale that business out there's also other ways that you can make money with Airbnb that I'll have links to the other videos in you can do co-hosting and you can do Airbnb Arbitrage but again today we're going to focus on simply how to buy your first Airbnb property and scale that out all right so you've made it this far step one you know the time commitment it's going to take the money commitment that it's going to take and you're ready to embark on your journey now where do we go first things first we need to address the biggest question that everybody always has for me which is how do I choose a market to invest in it's a very simple concept that I like to use okay one thing that's important to understand especially as you're getting started is you can invest in your backyard now I don't mean exactly it's not always going to work out in the city that you live in you may live in the middle of nowhere but many times after coaching thousands of students I found that there is a great location to set up an Airbnb business within one and a half to 2 hours of them now one of the reasons why I recommend starting within 1 and 1 half to 2 hours of you or in your backyard is because you're going to be able to handle some of the problems as they arise just in case you don't have a team on the ground or don't have the systems in place to be able to handle some of these problems that come up for example when I got my first Airbnb property I decided to go out of state I was living in California I bought the property in Florida and there early on I did not know what I didn't know yes I had mentors and yes I had people coaching me and guiding me on what to do I done all the research but there's no amount of research that can have you prepared for when the pool pump goes out or when you have a creepy guy that is standing over the fence and they're you know looking at kids swimming I mean literally weird things are happening at this Airbnb and I'm like what do I do so it would have been much better if I was closer it's not the end of the world and in fact I actually highly do encourage if you have the guts and you have the ability to investing out of state is another great option but for your first property if there's a great place to invest within 1 and 1/ half to 2 hours of you and I'm going to explain to you how you can find that then that is the place to start so how do I how do I determine if a city is going to be good on Airbnb or bad on Airbnb currently I use airdna.co so the website is airdna.co as of now it's the best software that is out there I'm currently building a competitor so I'll plug the competitor when it is done which is going to be mine but currently airdna is the best software for doing market research and finding out if a city is going to perform well on Airbnb what its growth patterns are if it's been declining how much money you can expect to make all of that good stuff now I'm in the process of building a competitor so shh we'll keep it on the down low but until then airdna.co will work now when you go to airdna Simply search the cities that are within the 1 and 1 half to 2 hour radius of you or whatever city that you would ideally like to invest in maybe you're mom or your dad or your cousin or your uncle lives in a different city in Minnesota or Wisconsin or wherever it may be if you want to do the research simply search the city and it's going to pop up just like this let's just say that I lived in Wisconsin and I'm considering investing in Milwaukee but I don't know how good of Market Milwaukee is I know it's cold there half the year I know that I don't want to be there half the year but is there a reason why people are there maybe is there big hospitals is there a military is there sports teams perhaps so in order to do that research I'm going to search Milwaukee Wisconsin in the top left corner in the search bar and what's going to pop up as you see is going to be an average occupancy an average daily rate and it's also going to tell us how many active rentals there are in the city now just for a rule of thumb as you're doing your market research what I tell all of my students is we ideally want to have a city that has a minimum of 70% occupancy and a minimum of $150 average daily rate because anything less than that is like hotel rates motel rates and we also want to see at least 250 active listings on Airbnb if it checks all these boxes or it's very close let's say 67 68% occupancy then chances are this is a very good City to begin investing in with Airbnb again I want to drive home the point that you do not need to invest in in the Miami Los Angeles Houston Austin New York City Chicago these places that you'd imagine oh that's where Airbnb is popular yes it's popular there but there's also a lot of restrictions you have to work around um there's a lot of competition and there's really a ton of money to be made in these cities that people sleep on the way that I like to classify them is this are they a growing city yes do they have a growing economy yes is the downtown getting bigger is the city expanding are there more restaurants are there more stores is there more shopping if you answer yes to all of that then yes this is probably a good place to begin investing in Airbnb if you're in and around a national park or national forest yes that is a great place to begin investing in airbnbs because you can't do it in the national forest and there's people traveling there for any sorts of reasons also if you're near amusement parks a Disneyland a water park and a knsb farm you name it then many times as long as it's a travel destination for people this is a great place to start with Airbnb also another thing to consider is hospitals is there big hospitals is there schools is is there colleges is there huge high schools any reason why people would need to be traveling for either work pleasure or play this would be a good reason to begin looking or at least considering the city as a good investment for Airbnb so I'll tell you from personal experience my investing strategy is choosing one to two markets when you're first starting out and scaling out there okay now I may be jumping ahead a little bit but this is very important to understand people begin buying or arbitraging properties on Airbnb all over the US so now let's just say for for example I have 10 properties and I have one or two in every other state I personally like to use the strategy of choosing one to two cities that I know are rockars on Airbnb and build out everything there what does that look like that means my cleaners my handymen my pool cleaners anybody that I have on my team my realtors anything like that they are all in a central location they all are able to communicate and they all know that we work together and it's much easier to communicate with less people in less properties than more people in more properties so now now that you've located the city that you want to invest in it's time to start looking for properties the way that I look for properties is on Zillow and realtor.com the other way that I look for properties is I find real estate agents online so I Google them I'll call four or five of them I'll see who is the most fit and most equipped to find short-term rental properties that could be good potentially good if they understand the game and then I'm going to give them a criteria of exactly what I'm looking for let me give you an example bring hello my name is Blake roacha I am an out of State short-term rental investor I'm looking for three-bedroom two B properties whether they're on Market or off market and I'm happy to pay you a finder fee and I'd love to work with you and I'm going to acquire more and more units boom that simple and just kind of fill them out see if they're a good fit for you see if you guys could work together good to have them start firing you off properties right away the good thing is when you give somebody a task like this it's a little bit easier of a load for you and they may be able to find properties that are off Market that you wouldn't have been able to find otherwise because of the network that they've built so so let's just say that I found a property on Zillow in St Louis Missouri what I'm going to do then is I'm going to go back to airdna.co and I'm going to use their rentalizer tool it's on the left hand side it's for free to use what I'm going to do is I'm going to copy the address I'm going to paste it in on air DNA's rentalizer tool I'm going to click analyze and then it's going to pop up some general projections as to how much this property is going to make on Airbnb or on short any short-term rental website it will give you an average daily rate it's going to give you an average occupancy and based on that number and average gross revenue that you could expect at the end of the year now where do they get that number from they get that number from scraping data from all other properties that that are the same type of house that are in the same zip code whether it's a house or apartment condo Treehouse it can kind of recognize it one of the fears that most people have is that that data is not accurate and in many cases I found it to be very very accurate actually now I've built out a calculator tool that myself and all of my students use that helps me identify all of The Upfront costs as well as the air DNA numbers so at this point I have my Revenue number and I have the price of the property that's for sale I'm going to plug that into my proprietary calculat it's an Airbnb profitability calculator and that is going to help me calculate whether or not this property is going to be worth investing in or not now if you want access to that calculator and want to learn how to use it I host a free Workshop every single Thursday again $3.99 click the link in the description below to register and grab your spot I'll see you guys there takes about an hour and I'll go over in depth how we can use that otherwise let's jump into the next step so where we at right now so far you have found the market that you want to invest in you've done the market research and found a property that you like you've calculated out the revenue projections and found out that this is going to be a winner now it's time to purchase the property so if you've never purchased a property listen up turn up the volume grab your pen and paper this is a very very important section for you we're going to go over the pre-approval process and financing options but first these are the 15 steps to buying a home step number one and I know it sounds easy but make sure you're ready so many people think that they want to buy a house and of course everybody wants to buy houses but do you have the time do you have the energy do you have the money and that leads me into the second step step number two is get your finances in order make sure that everything is lined up know what kind of money you have coming in coming out and available to purchase a property number three is make a game plan for the down payment so are you going to be putting 20% down are you going to be putting 10% down are you going to use an FHA loan which we'll go over in a minute to put 3.5% down whatever it is make sure you have a game plan ready so you know what kind of money you're going to be giving up on this property number four is create a wish list what do you want what kind of what does this house look like for you is it going to be something you're putting time into putting money into or is it something that's TurnKey are you going to put down just a little bit of money or are you willing to put down a lot of money are you paying all cash right these are things you have to think about and create a wish list for so you can Manifest this to actually happen number five is find the right mortgage for you there's tons of different lenders out there even more options on loans that you can get so make sure that you do some research and find the right mortgage for yourself number six get preapproved for your mortgage number seven find a real estate agent this is super super important you find a good real estate agent don't be afraid to talk to two to three of them at a time and figure out who is the best so that you can work with them because they especially if you're investing out of city or out of state they're going to be your eyes and ears and really have an understanding of the area that you're investing in number eight go shopping and number nine make an offer it's time to make an offer if you've ever written up an offer I promise you that this is going to be the scariest thing that you've done in your life I've jumped out of planes I've um done some like insane Helly skiing trips and a lot of just crazy and I will tell you that there is no fear like the first offer that you write up in fact I still get afraid when I Rite up offers sometimes because there's two expenses in your life that are a lot bigger than the others when you buy a car and when you buy a home or buy an investment property so it's important that you are understanding that yes it's okay to to feel scared yes it's okay to feel nervous but you want to have the done the most amount of research and really came up with a really solid game plan and had the right mentors coaching you so that you can feel safe and comfortable when it's time to write up an offer and buy a property number 10 is get a mortgage now there's a lot of different mortgages that you can get balloon payments and there's I've heard some crazy options recently just based on the market that we were in I have always tried to go the 30-year fixed rate mortgage route you're going to pay a little bit more in interest rates but if you were to get like a 5year or a 3year or a 7-year balloon and the interest rates are way higher in the next couple of years then you're going to be stuck having to refinance when that term is up or pay off that balloon payment and you will not be happy so for myself and my students I always encourage a 30-year fixed rate mortgage number 11 get homeowners insurance number 12 set up a home inspection tour now I'm just going to let you know right now that Home Inspection tours are always going to come back back uglier than you imagine they're going to find that you'd never seen before rats and stuff in the ceilings and you won't believe this concrete and the foundation and and you know you really just have to take it with a grain of salt yes every house if you pull up the curtain and look under the blanket there is going to be issues with it now they're not always going to be as big as they seem so it's really important that you have somebody who knows what they're doing take a look at the home inspection report and let you know what the mandatory things are that you need to fix and in a second I'll tell you a couple ways we can get back some money at this point once we're under contract number 13 you're going to have the home appraised so you're going to get your appraiser to go out there the appraisal report will come back and they're that's going to tell you how much the property is worth if it's worth less than what you bought it for then you're going to have to split the difference and come up which we do not like to do ideally the home is worth the same amount or more than you purchased it for number 14 this is when you're going to negotiate any repairs and get back some credits with the seller so what does that mean that means you can while you're under contract go back to the seller and say hey look I didn't think that this was represented correctly we didn't know about this crack we didn't know about this problem over here I want you to either give me credits uh at closing or reduce the price somewhere in the middle meet somewhere in the middle right and this is a lot of times where I've gotten much much better deals you can tell them hey this wasn't right and in most cases I've done that gone back to the seller or when I've sold houses had it happened to me as well and you kind of just have to meet in the middle or they're they're going to give you that credit many times because you're so deep along in the process and there's always a little bit of wiggle room and number 15 close on your home congratulations you've closed on your home now one of the things I want to Circle back to is the loan products that are out there as a short-term rental investor you're going to have really in my opinion two main options and there's a lot of other loan options out there and so if you're a lender please in the comments leave some different options for our listeners typically what I've used is conventional loans and I've used dscr loans okay so a conventional loan is very simple just think about the loan that you would get from your bank or your private lender a dscr loan or a debt service coverage ratio loan is much different than this with this kind of loan you don't have to show personal income many times what the lender is going to do is they're going to competitor match or they're going to look at other airbnbs in the area run the comps and based off of how much that property is generating give you a loan for the property that you're investing in because it's an investment loan the downside to a dscr loan is because it's a little bit more hands-off and touchfree and and easier to do it's going to cost you okay so if your average interest rates at 7.5% then many times your interest rate on a dscr loan is going to be closer to 9 and 1 12% right usually 1 and 1 half to 2% more based on my experience with properties that I've purchased guys I'm going to give you a major cheat code that not enough people use and I honestly think that it is one of the best ways to build wealth with just a little bit of money and when you're buying an Airbnb this is called the FHA loan house hack okay so in the United States of America we have a loan for first-time buyers called an FHA loan which allows you to put 3.5% down on a property so for example if you were buying a $100,000 home for easy math you'd only have to put down $3,500 this is a fantastic incentive for you to go buy a property because as we know property prices have continued to rise over the years and it's becoming more and more difficult to buy a property so how does this work with Airbnb because one of the caveats for this loan is you're supposed to live in the property for at least one year what you do is you're going to go find a duplex or a Triplex for sale in a city that is a little bit more affordable that would also work with Airbnb let's say for the sake of example that you find a $500,000 duplex in El Paso Texas what you're going to do is put 3.5% down which is $17,500 you're going to put $17,500 down on this property you're going to move yourself yourself and your family or whoever it may be into one unit and with the other unit you're going to rent it on Airbnb what this is going to do is not only pay down your mortgage because you're going to have somebody else renting out the property every single month but it's going to allow you to live for free essentially okay and make profit on top of that how does that work and what do I mean by that well let's just say that your mortgage for example was $2,500 per month on each side or $33,000 a month I'm not can't do the math off the top of my head now I'm not great at math but let's just say for sake of example that your mortgage was $4,000 a month total between both sides now your share would be$ 2,000 and technically speaking if you renting out the property as a long-term rental that would be a $2,000 a month or $2,200 a month place but what you're going to do is make charge way more on Airbnb rent out the property and now hopefully if you've done the right research pay off your mortgage every single month that $4,000 you're going to make some money on top of that hopefully and it's going to allow you to live for free free so a fantastic way to get started with an FHA loan hack the next thing that we're going to do is analyze Home Furniture costs and maintenance costs it's important to understand what kind of operation you're getting yourself into and how much money is going to be required from you on top of purchasing the property in order to get this thing ready to rent on Airbnb so with Furniture as a rule of thumb because I know that you guys love rules of thumb and this is honestly what I use all the time this is my hack to figuring out how much I'm going to be spending on furniture in general okay if you're buying an apartment or a condo starting with a one-bedroom one bath you're going to start at a base price of $4,500 okay so expect to spend at least $4,500 somewhere in that ballpark on your investment apartment or condo then every additional room after that is going to be $2,000 okay so if you have a three-bedroom condo for example or three-bedroom apartment expect to pay 4500 for the base and another 2,000 for every room so for example if you were buying a three-bedroom apartment or condo then that would cost you about $88,500 to $9,000 you can expect to pay in Furnishings one of the things that I always encourage my students to do in the negotiation process is negotiate Furniture if the furniture is good okay because everything is negotiable many people are business people and they don't know what they want to do with stuff they don't want to move things around so if the furniture is good and you can use some of it then negotiate that as a contingency as a part of the sale now when you're buying a home it's going to be a little bit different and more expensive keeping a base price at one bedroom is going to be $66,000 and every additional bedroom after that to furnish is going to be an extra $2500 okay so a three-bedroom house would be $111,000 to furnish essentially again guys this is all depending on where you're investing or if it's a crazy nice house is it on the beach are you trying to go cheap with it in general this is my rule of thumb after doing this time and time again and last but not least for those of you guys that are buying luxury properties very simple rule of thumb is use three times the monthly mortgage or the monthly rent okay so if your monthly mortgage is $10,000 a month then expect to spend at least $30,000 to go in and furnish this property okay something that is wildly overlooked is what are the highest Roi appliances or furniture or anything you can add to a house to make more money and in my experience it has been hot tubs cold plunges saunas and things of that nature yes art and yes you know cool decoration are great um I think that themed houses are trending in a downward Direction but people like to use amenities right these amenities that they can't get other places or maybe that they have at their personal home so if you can apply some of these you know spend $5 to $8,000 on a cold plunge or a hot tub or you know like I said a sauna you will see a big big return based on how much you're able to charge with your average daily rate so you've made it this far in the video and you're probably thinking the same thing that I used to think man where am I going to come up with the money for this this is going to cost a lot of money to buy my first property if I'm not doing the FHA loan house hacking then it's going to cost tens of thousands of dollars to buy a property to furnish a property and to get this operation going I may not have that well if you're one of the people that's saying that and you don't really know too much about Airbnb Arbitrage then do me a favor you're going to see a link right here you're going to see a link down below I've made a full guide teaching you how to do Airbnb Arbitrage now without getting into too many details Airbnb Arbitrage is a very simple concept where we are renting properties from landlords and subleasing them on Airbnb with the landlord's written and legal agreement the great thing about this is it requires just a little bit of startup capital and you don't need good personal credit so if that's you and you're one of the people that's listening but not ready to buy a property then hit that link check out that video and let's dive a little deeper now this is a very very important part of the process that most people Skip and very few people talk about strategy okay so there's only two things you should worry about is your strategy to buy a turnkey property meaning hey when I buy this thing I don't want to put much money into Furniture this thing should basically be ready to go the day that I purchase it and the keys are in my hand I should be able to rent it on Airbnb you're going to pay a premium for that on the other end of the token is the strategy to buy a house that needs some work like a fixer upper there's win-wins in both situations for somebody like me where my life has been pretty crazy the last couple of years as I've been scaling my business I've opted to go more of a turnkey route because I didn't want to have to go in and you know add a ton of value and a ton of crazy stuff to these properties just because of my time restrictions so the three things you need to worry about here how much time do you have how much money do you have to invest and what is your goal the guideline that I would follow is this if you have time and if you have money and if you have resources then I would buy properties that need work done okay these are called value ad properties why would I do this very simple let's say that I bought a house for $300,000 in Memphis Tennessee it's a four bedroom three bath property and it needs some work okay it needs some work it probably needs about 20 $30,000 of work the shingles are ugly we need to replace the the whole kitchen looks like crap right we need to put some TLC into this bad boy the strategy here is buying the property spending a month or two fixing this and then getting it ready to rent on Airbnb now what you have is a high cash flowing Airbnb property that you bought at a discount you've added value to it and over the course of the next couple years as property value begins to rise you can do what's called a Cash out refinance and pull your Equity out of that property based on how much that property is worth now okay so if you have the time energy and money and resources then that's the way to go if you don't and you just want to be able to get this ball rolling and get operating ASAP Ferg then you need to buy a turnkey property next is setting up your Airbnb listing now I'm not going to harp on and on about this there's tons of long form videos about how to technically set up your Airbnb listing guys it's a freaking Cakewalk mom and dad can do it Grandma and Grandpa can do it the thing that people mess up and hear me loud and clear when I say this grab your pen grab your paper imagine I have a brand right here and I'm putting it on your forehead you need to have two things professional photos and professional staging and decorating if your property is not staged properly then you are not going to have great photos if you don't take great photos duh you're not going to have great photos the only thing that matters on Airbnb it's way less than the title and way less than damn near anything else is going going to be photos you want to make your property photogenic make things in there that are unique add some sauce add some flare add some colors make this thing pop take a drone shot at dusk and make sure that that bad boy is lit up on the inside and it looks like the best damn cabin in the forest the reason why I say this is they've done studies showing that the only thing that you know they can track people's eyes now I don't know exactly how they do it if they're putting Google Glasses or goggles on these mofos but what they're doing is tracking their eyes and they say hey look what are these people looking at and every single time it's the first photo then when they click the link to your Airbnb now is when we can get into the nitty-gritty okay so your first four or five pictures that are going to pop up that's your grid and those are going to be very very important as well so make sure that both the title of your Airbnb listing and the pictures in your Airbnb listing show exactly what your best amenities and best features are you don't have to show the front of the house as the first picture you can show the best amenity if you have some crazy pool but the house is ugly damn it put the pool on there and not the ugly house in front you feel me are you picking up what I'm putting down now when it comes to writing a description I wish I had this a year ago but I didn't I've had to do it myself descriptions can be tricky not anymore with chat GPT now go watch a YouTube YouTube tutorial on how to use chat GPT it should be very very simple but essentially what you're going to do is ask chat GP a prompt that says hey I have a home that is a badass cabin in Gatlinburg Tennessee it has has four beds it has three baths it has a beautiful pool and some of the best views around write me an Airbnb description that is X long that is three paragraphs long and it will write a beautiful beautiful Airbnb description for you bada boom bada bing you my friend now have a banging Airbnb listing now as we transition over to learning how to automate our Airbnb business you want to know what everybody gets wrong with this Airbnb business they want to do everything themselves they want to manage it themselves they want to communicate themselves they want to clean themselves folks it is 2023 this is a business model that can be fully optimized fully damn near automated and it can be extremely passive if you put the right people in place I know what you're saying how can Airbnb investing be passive well let me give you an example I currently am operating 10 Airbnb properties making me over $2 million per year but I probably spend 15 to 20 minutes of my time running the business week to week and what is my time spent doing it's spent finding properties to buy and finding properties to Arbitrage how am I able to do this well it didn't start like this I started on with my first property I flew out to it I did everything Hands-On I met people I was meeting my cleaners building a team and really establishing myself and then I was responding to guests and doing all this by myself and that's expected okay you can mix in the girlfriend you can mix in the mom or the wife or the husband or the brother to help you out which is great but what you're going to do from here is as you continue to grow your business you're going to see that you're easily able to automate this business using Hardware software and other people so here is a list of the hardware software and other people that I've used in my business to fully automate it when it comes to software I use a property management software and I've used many I've used guesty I've used hostfully they're all damn near the same thing between the two of them they're pretty similar I like using hostfully but this is going to allow you to basically have all of your operations in one place whatever property management software you decide to use understand that it is its job is to make your life more simple it's to condense all these different places and different actions that you have to do into one place so that you can easily easily manage everything from one place the other software that's going to be most important for you to use is called price labs. Co okay so price.co you can see right here I'm going to post a screenshot of what one of my properties looks like on price Labs essentially price Labs is a dynamic pricing software and what this is going to do is it's going to determine the best rates that you can charge every single night using AI how is it able to do this it uses supply and demand of and understanding what is available in the same area for similar properties you give the software boundaries as to how low you want to charge and how high you want to charge and every single day it is changing it all the time and updating the prices so that you have the best prices and you're able to maximize the amount of money that you're able to make with Airbnb Pro tip do not use Airbnb Smart Pricing tool it is so shitty you will lose so much money I've seen so many of my students go against this teaching and lose money and then ask me what the hell the problem is hey don't come crying to me you can lead a horse to water but you cannot make him drink it okay when it comes to Hardwares very simple you want to have something that's protecting your guests from the outside and protecting your home from the outside as well that's going to be your ring doorbell or your Google Nest either one works it's again it's for the protection and privacy of your guest and you want to make sure that people are exactly who they say they are you don't want somebody booking your one-bedroom house that said there's two of them showing up and 40 dudes named Eric walk in and they trash the place okay the other thing that's allowed me to automate my business and travel the world just you know operating this from my phone is smart locks now I encourage you to check out the market for them I tell people that you know what I use is the schay incode I think that's how you say it schay Schlage SCH whatever the schay incode um it has Wi-Fi capabilities it's able to communicate with your phone you're able to change everything from the comfort of your phone so this makes it very easy and you don't have to be on site to drop off keys and exchange keys or Hell lose even any keys and last but not least for Hardware we have the minute noise monitor I hope that's how you say it I've been saying it like that for 2 three years now you plug this thing in and it is going to monitor the decibel levels in your house what does that mean basically it's the party pooper if it hears people partying and it's too loud in the house it's going to send an alert to your phone and an automated message telling the guest hey guys please tone it down otherwise we're going to have to take action one more warning you're kicked out okay so yes I understand I don't want to be that guy I've been to airbnbs I've partied in a thousand airbnbs it is what it is but some people are disrespectful to your properties and don't listen and so if they throw something that's an absolute rager and you have old people next door and police are coming and all that stuff this can be easily prevented using the noise monitor now the bread and butter of this business and how you're really able to operate this without property managers and without being on site is going to be your cleaners and your handymen I found all of my cleaners on two websites care.com and turn.com which is formerly turnover bnb.com these websites are great you interview these people and ask them hey look have you ever had experience with short-term rentals they say yes you build some Rapport you interview them very simple concept find these folks that are rock stars pay them well okay pay them well and then through them typically I ask hey if I'm in a new city do you know any handymen and many times it's been like a brother or a husband or a wife or you know whoever it is that is related to them and they will hook me up with the handyman and another Pro tip I charge my handymen $75 anytime that they're on call and have to go out to the property so if there's a party they have to go break up 75 bucks call if there is a little plumbing issue 75 bucks you get it it's just cash cash business send them a Veno send them a zel whatever it is and that's going to save you so much time energy and money and allow you to run your business from anywhere in the world all right so you've made it this far in the video it's time for you to rock and roll but before you do that let's talk about the time and energy commitment that's going to take to set up up your Airbnb now with my first couple of properties before I had a team built out now when I say team I really mean I've hired my family uh and they they handle a lot of these tasks now I hired my mom to be my property manager I hired my dad to be the helping hand and go help with setting up the property so that I'm able to continue to do things like this where I don't have to be um setting up properties because I'll be honest with you I don't enjoy setting up properties I'm not I don't have the eye for it I don't have the touch for it I'm not too Savvy with my hands but I can talk on a camera right so it's important that you have a checklist before you get started of everything that you have to do every punch hole every task that needs to be done you also want to have a checklist of your furniture list and make sure that you are organized enough to figure out how long stuff is going to take to ship so that if it's going to that house or if it's going to a storage locker if it's going to out of state then it all arrives there when you arrive as well with smaller Homes apartments and condos I recommend that you give yourself six to 7 days to set up a property very few times have I seen it done especially with your first property setting up if it's a a completely blank slate in less than 6 to 7 days and with bigger properties like more luxurious at least give yourself 14 to 21 days to set up a property nowadays it takes my team about 14 to 15 days on average on a luxury property so use that as a baseline once you're there setting up the property whether it's you by yourself I recommend especially early on asking your family to help out asking friends to help out phone a friend say hey look I'll give you 100 bucks even if you don't even if they don't want to accept it I'll give you 100 bucks please help me do this stuff and on top of you want to hire task rabbits you don't need to install the TVs you don't need to install the monitors you don't need to install the ring doorbells there's people that will do this for literally dirt cheap and it's going to save you time energy and money it's all about optimizing and doing the tasks that are going to make you the most amount of money so H task rabbits or people that are you know like that and have them keep coming out for the next couple of days they'll do all the unboxings hell use living spaces living spaces is great because if you purchase over a certain amount of furniture they will come out and deliver the furniture built for you another thing guys girls whoever's watching this if you're not great at interior design me no bueno not good and you need some ideas use Pinterest I didn't really know too much about Pinterest I thought it was an app where girls looked at fashion stuff and honestly they have some of the best ideas and best Concepts and best designs um for your properties sometimes they have really good ideas of how you can decorate a property and make it look amazing for dirt cheap so Pinterest set up a board on Pinterest and use that to help design your property now at the end of the day all you have to do is make sure that that property is set up and staged the way that you like it I like to be on the ground or have somebody on the ground with the professional photographer so that we know at least even if it's the realtor so that they can give you a little FaceTime video let you know how things are set up before the photography is done because you only want to do that photography one time knock it out of the park and you my friend now have your first Airbnb listing and the tools to scale this business as well if you've made it this far congratulations it's been an honor to spend this last 20 or so minutes with you going over step by step how you can get your first Airbnb because I'll be honest with you there's a lot of out there there's a lot of fluff and this is no fluff from somebody who has actually done this time and time again if you're new to Airbnb you love this video and you want to see more of this hit that subscribe button I have a ton of other tutorials on my page that you can check out and learn from the Airbnb goat thank you for watching and I'll see you guys in the next video