Airbnb Rental Business: Earn money from property you don't even own

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“I wanted something where I didn't have to trade my time for money.

I didn't want any employees to deal with.

I wanted daily cash flow not waiting weeks for commission.

I wanted to work from anywhere in the world.”

Does this sound like you? We are always on the look out for ways to help our readers break free from the “normal” 9-5 to be able to travel more or live life freely. There is definitely work involved at the beginning to get to the passive income or 4-hour work week life, but it’s absolutely doable.

This “side-hustle” option also has the potential to replace your traditional income. Keep reading to learn how you can get started.

Real Estate on Steroids

That is about how it is described by our friend Javier, an expert Real Estate Agent in Florida, whom Bradley met in a Running Club. Javier has been working this business for a few years now, and he’s bringing in over $25,000 per month doing it (profits over $11,000 monthly)… but, he doesn’t even own many of the units that he makes the money from!

“Last month - I generated over $25,000 in cash collected revenue from my Airbnb and VRBO listings (45% net profit)

I don’t own all these properties

Some of these properties are in regulated areas (which I abide by legally)”

Javier has taken advantage of a difference in pricing between homes that are for rent and hotel prices in those areas. Essentially, if you can rent out a place for $1,000 per month at the same time that a hotel is charging $125 per night ($3,750 per month), then you should be able to rent the unit for $1,000 and then place it on Airbnb for $75-$100 per night and earn $2,250 - $3,000 per month from the unit. So, after your cost of $1,000 is deducted, you still end up with a profit of $1,250 - $2,000 per month. And Javier has 10+ units that he does this with, a few of which are even with luxury houses.

How Difficult is Running an Airbnb Business?

Normally, it would take quite a bit of effort to clean the house or apartment after each person stays at his Airbnb, and Airbnb bookings can be quite sporadic, meaning you never know which days you might have many units to clean. So, you may get stuck attending to multiple different houses if you are trying to scale your business like Javier did. It could end up making you quit your day job just to keep up, so is it really worth it?

Well, Javier doesn’t clean any of the units. He has found a way to automate most of the legwork to local cleaning businesses - and even offset those additional fees so that they are already included in the cost of the units he is renting as a “cleaning fee.” This prevents the automation from eating away from his profits. Check out this message that Javier posted in his group on September 7th, 2020:

“HOW I FOUND THE RIGHT CLEANING TEAM THAT ALLOWED ME TO ONLY SPEND 2-4 HOURS PER WEEK ON MY AIRBNB BUSINESS

3 years ago, I was stuck.

My Airbnb business was taking up too much of my time and I couldn't scale beyond 4 properties

I was getting dragged into the day-to-day too much and couldn't focus on actually growing the business and revenue

Plus my day job as a realtor was stalling and I wasn't finding enough time to prospect new leads

After some deep problem-solving - I suddenly found a huge problem inside my Airbnb business that was holding me back & keeping me stuck.

My cleaning team was constantly letting me down by not cleaning the properties on time for the next guest, not cleaning the property up to a high standard and charging me an arm and a leg to do so.

I was anxious, stressed, and didn't know where to start about finding the right partner.

I finally found the right cleaning team at the most profitable price to clean my Airbnbs and allow me to scale

Finding the right cleaning team is probably the most important part of the process once you have the property and it can make or break your operations

With the right cleaning team in place, you can scale from $10k/month to $20k/month to $30k/month and beyond

... and live an amazing life at the same time.

Today, I'm managing 10 Airbnbs, while only spending 4 hrs per week on operations.

At the same time, I've booked up more than ever and getting more 5 star reviews than before

So if you’re excited to see how I found the right cleaning team that allowed me to scale to $25,000 per month…

The cleaning situation may be the most important aspect of running an Airbnb Rental business, however there are other things that are involved.

Yes, you do have to do your research to find out what areas are ripe to earn these types of profits. And yes, you do have to make sure that you are following all of the local laws and make sure that you are completely covered if something goes wrong. But Javier’s system covers both of those and more.

“Imagine you get your first Airbnb...

You have the keys to the property in your hands...

You open the door to the property...

Then it hits you...What next?

How do I get this ready for guests ASAP?

Who's going to do the cleaning?

Who's going to drop off and collect keys?

Am I going to be left holding the baby here?

I have a full-time job, there's no way I can do this?

Well that's exactly what I talk about in my free masterclass!

WHAT CAN YOU DO IF THERE'S AIRBNB RESTRICTIONS IN YOUR AREA?

This is a common question I get from my students who are on the fence about getting into Airbnb

Most (not all) counties/cities classify short term rentals as anything under 30 days and some restrict Airbnb

Or there might be certain caveats such as you have to be living in the property whilst the guests are there

Or you can only rent out half your home at once

Most people see these restrictions and instantly give up on their dreams of having an Airbnb passive income machine

But..

There is another solution..

You can still list your property on Airbnb for 30+ day stays to attract guests looking for long term stays, traveling nurses, engineers or families relocating to the area.

You will still net $750-$1000+ per month more than a long term rental

Case in point below

This is a 3 bed 2 bath property that I co-host with the owner and typically rents out $1,800 long term.

We spent around $2k on interior design and art work etc to get it looking great in photos

Now we've had 3 inquiries within a week like this below for between $2,500 and $2,750. That's an extra $750-$1000 per month net income for a month to month lease

Just because we furnished the property!

That means the payback will be within 2-3 months

Thereafter its just extra disposable income

Even though he basically gives you the step-by-step for free, if you want to try to figure it out on your own, he also has a relatively affordable accelerator program that will basically do it all for you. That program gives you all of the legal stuff that would take you months or years to figure out on your own, plus it walks you through every detail - and why they are important - so that you can get started in as little as a month or two!

Javier has Helped Dozens of People Become Successful

Even during the Coronavirus Pandemic, Javier has led people to success in this Airbnb Rental Arbitrage business.

“Thankful to announce I have just surpassed my biggest month on Airbnb! Starting my first business at the age of 20 years old, AirBnb Arbitrage. With My own friends & family doubting me, telling me to stay in college & not drop out and put all your eggs in one basket but it only made me 10x hungrier. I began in late November of 2019. Worked day & night, 24/7 and was picking up at least 1 property every month, cold calling landlords & real estate agents and door knocking in full force I got all the [way] up to 8 properties!” - Gary Hadida

You can check out a number of his other clients’ success stories on this page, and also get a free case study.

How to Run an Airbnb Rental Business

Here is the winning formula, provided by Javier himself:

“How to get started on Airbnb in 7 steps even if you don't own any property

1. Research the market using www.Airdna.co to find the most profitable areas and find a property using sites such as Padmapper, Facebook marketplace and Craigslist.

2. Meet with landlords (it only takes 1 yes) and take control of the property with a special lease addendum (a lawyer can knock one up for $250)

3. Furnish and stage the property so it attracts eyeballs (use Wayfair, overstock, and amazon for high-quality low cost)

4. Find a cleaning team that will turnover the property for you so you don't have to lift a finger using turnoverbnb.com.

5. List your property on Airbnb so it ranks on the first page by copying the top 10 competitors in your area (again you can use Airdna.co to find this)

6. Use guest messaging templates to automate the conversations back and forth with smartbnb.io so you can sit back and enjoy your free time

7. Automate the rest of the operations such as keyless entry locks where you can change the codes from your phone (Yale/Schlage locks), noise monitoring (Minut), and security cameras (RING) and then move onto finding your next property.

There it is - straight forward and simple

It doesn't take a lot of budget, it just requires effort

Fast forward to today and I’m on track to cross over a quarter of a million per year in gross revenue ($100k net)”

While this is a straightforward step-by-step list, each of these steps requires some level of knowledge. If you don’t have experience with them all, you may find it to be considerably challenging to get it going in a way that runs smoothly and profitably. Javier has tried to make it even easier for you to do on your own by providing the “5 levers” to automate this process.

“Growing a wildly profitable Airbnb™ or short term rental business without having to get involved more than 2 hours per week, comes down to you implementing these 5 levers:

Lever #1.) Dynamic Pricing

Lever #2.) Synced Cleaning

Lever #3.) Smart Messaging

Lever #4.) Self Check-in

Lever #5.) Home Security Automation

When each of these 5 levers are implemented, your Airbnb™ or short term rental can become a powerful passive income machine.”

It may take a year or two for you to really figure all of this out on your own, but once you do - you’ll be set for life! You’ll truly have the freedom that you’ve been looking for and can start traveling the world as a Nomad or whatever else you’d like after you have it in place.

Yes, it takes a bit of commitment to figure out and do on your own. The thing is, you may miss out on thousands in profit each month over that period of time as well… but, this is a process that you can still achieve with some hard work on your own.

It can be done if you set your mind to it! That being said, there is also a shortcut to get everything rolling at optimal level within just a few months. You’ll have Javier as a mentor and you’ll be able to ask questions to him and many other people that have been successful in the Airbnb Rental Arbitrage Business.

Jumpstart and Automate Your Airbnb Business

If you’re interested in getting started with this huge side-income business, jump onto Javier’s Facebook group and check it out. The more you know the better - and the more you’ll realize this really is something that you could do!

Our recommendation is to book a meeting with Javier himself, and then jump into his Airbnb Accelerator Program (don’t forget to list Eat Wander Explore as your reference! - If you do, we’ll also throw in a $100 credit that you can spend on travel here through our site!)

“GRAB YOUR SPOT IN THE BNB ACCELERATOR

So far - I've had a handful of new people join this unique coaching experience - where I’ll be personally helping them set up their first Airbnb property over the next few weeks & months under my guidance.

Here’s what we’ll be working on together inside this unique coaching experience:

# 1.) How to know exactly which property is going to be a dud and which one is a gold mine so that you can generate residuals for years to come

# 2.) Reveal the exact scripts and techniques I used to approach clients and landlords about using their property for short term rentals to grow faster.

# 3.) Use the exact technology and automation systems I use to put my entire short term rental business on autopilot (automating cleaning and guest communications)

Additionally…

When we speak on the phone, and you hear all the details of how this coaching program will help you get results quickly…

… I believe you're absolutely going to love it.

If you have any specific questions around The BNB Accelerator, feel free to drop your question below & I will be able to assist you 

Here's just a handful of realtors and RE investors who we’ve been able to help thrive

Wael Georgey going from $1,500 per month to $6,000 per month

Michelle Elsaid going from $0 to $5,000 per month within 60 days

Mike Shulman going from $0 to $6,000 in 60 days

David Duncan going from $0 to $7,000 per month in 60 days

Joe Symonette going from $1,700 to $5,000 per month even though he doesn't own the property

Who’s ready to earn passive income from Airbnb and short term rentals with us?

Again, we definitely recommend booking a meeting with Javier himself. If you have any interest in Real Estate at all, or if you have a good amount of experience with Airbnb already, you’ll find that getting started in this business will be fairly straighforward to do - and actually fairly easy for the amount of money you’ll be making from it.

If you don't have experience with Airbnb, check out the article we wrote about it to help you get started.

Then, jump into Javier’s Airbnb Accelerator Program (and again - DON’T FORGET to list Eat Wander Explore as your reference! - We want to make sure you get your $100 in free travel credit that you can use through our site - it’s totally worth it)!

Javier’s Story

“Ready to become an Airbnb rockstar?

That's me in the photo below. The scruffy dude selling feed and hay.
Since I never went to college, my journey all started working at Winn Dixie as a bag boy, working 9-6 for minimum wage of $8 per hr.
During the summer I would work at a horse show selling hay and feed working 12 hours per day 7 days a week for 4 months straight.
In the back of my mind I knew there was a better way to generate more income for less effort, but hadn't yet figured out a way to do it.
I was stressed, exhausted and felt like a failure.
I was looking for a way to get out of the 9-5 so I came up with a plan to do this
First of all I needed to get out of Ocala and be surrounded by more ambitious people and opportunities
So I looked at nearby cities, Orlando being one of them and found a shared house with a room-mate for $400 per month
After 5 months i was then introduced to one of my room-mates mutual friends Andres Ospina Rivera :)
I asked him what he did and he told me he was a real estate agent.
I started asking him some questions about real estate and how the process worked, how he found clients and how much commission he was making.
Some houses he was making $5k-$10k per sale, and he'd do 3-4 sales per month, manage his own schedule and basically be his own boss.
He gave me the vision of how I could use my work ethic and effort towards making real money and not just min wage.
So that's what i did
I went and studied for my real estate license in the evenings, passed the exam, and quit my other low paying jobs
I really felt like I'd turned a corner
That being said, the first year was really hard
I had to build up a client base from scratch through endless cold calling and networking
But after 3 months i finally got my first sale, which was a $140k townhome based in Orlando
The commission check was only $1.5k but in any case I was excited and knew that if i could do this 4-5x per month I would be earning over $10k per month and could take over the world haha 
For the next few years, I was averaging 2-3 hours per month, able to manage my own schedule and take more vacations 
After a while, I realized there were some downfalls with real estate sales.
Not only is it very transactional but there's also a lot of uncertainty in the process
I couldn't even count on my own fingers how many times the transaction fell apart at the closing table and I wasn't paid for my hard work and effort
Also, the commission doesn't get paid until 30-45 days after the house goes under contract
After a while, I decided to write down all the things I wanted in the perfect business
I wanted something where I didn't have to trade my time for money
I didn't want any employees to deal with
I wanted daily cash flow not waiting weeks for commission
I wanted to work from anywhere in the world
My Airbnb journey all started when I actually became real estate business partners with my mutual friend from earlier, Andreas.
He told me that he had just purchased his first house, a 3 bed 2 bath with a 1 car garage, and he had converted the 1 car garage into a small studio apartment and advertised it on airbnb.
The money he made just from a small 1 bed studio on airbnb was enough to pay for the entire 3 bed 2 bath mortgage. It was crazy!
I got to see the entire process of setting up and managing the airbnb first hand.
Combined with the experience of selling real estate, I decided to take the leap and try one myself.
So when one of my real estate clients reached out to me and said he wanted to buy an investment property.
I knew the perfect house that would be the right fit which was a 3 bedroom house that had a detached mother-in-law suite also.
I asked if it would be ok for me to put it on airbnb instead of long term renting the property.
In my first month on Airbnb I made $500 profit, which doesn't sound a lot but it was basically passive income with only 1-2 hours of work required.
5 years and 8 properties later I am grossing around $250,000 per year and netting $100,000 per year in pure profit.

So Javier, what is the point in all of this?
Well I want to prove to you that EVERYONE from any background has the ability to do what I have done with Airbnb
No really, you do
The traditional education and employment system is flawed.
We’re taught that to hit $100k per year in a job is the holy grail of life.
But what they don't tell you is that it can take decades of going through college/university, starting from the bottom doing slave like hours, battling for positions and promotions.
Most of the time $100k a year is still never achieved for most of us
Being the one that gets to share your knowledge and potentially change the lives of other people is amazing, right?
It’s changed my life in such a short space of time and I'm honored to be able to share the process of how I generated six figures in Airbnb with you too.
So… to show you how its done, I just finished creating a short, sweet and to the point masterclass as I value your time.

Ready to party?”

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