How to Turn Your Property into An Airbnb

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With no real estate background or any rental property to start with, the owners of 50 properties have started earning over $50,000 a month from short-term rental converted properties alone.

 

Airbnb is a peer-to-peer online marketplace connecting users with rental listings and unique experiences. Today, it has over 150 million users and hosts more than half a billion guests per year. Here’s a look at its user base and Airbnb demographics.

  • Airbnb has 5.6 million active listings worldwide.
  • There are at least 100,000 cities with active Airbnb listings.
  • 150 million people use Airbnb to book vacation stays or experiences.
  • Over 1 billion guests have stayed at Airbnbs.
  • Airbnb has listings in over 220 countries and regions.
  • Roughly 60% of Airbnb’s user base are millennials.

    • What else do you need to know to peak your interest in this money-making industry?

     

    Glenn and Amber Schworm, founders of the Home Flipping Workshop, have a recent video that walks viewers through the Airbnb process, How to Turn Your Property into An Airbnb.

     

    They explain how a newly renovated house can make money and while also providing a home away from home.

     

    Whether you are starting from scratch or already have an existing property this training teaches you how to generate passive income.

     

    Glenn and Amber will guide you in that direction.

     

    Airbnbs do not require a lot of investment or a rocket science technique to get started. It is simple, accessible, and a good fit for us at the time.

    POOF! YOU ARE NOW AN AIRBNB

    We already know that Airbnb is an excellent means of earning extra money. Before you can identify your property as an Airbnb, you must do the following:

  • Check Local Regulations
  • Create Listing
  • Essential Purchases
  • Furniture Purchase
  • Necessary Property Upgrades
  • Photos Of Property and Location
  • Research Of Competitors

    • Following these tips can create a successful Airbnb that guests will love. The more work you put into the process the more success you’ll achieve. 

     

    There is a correct way to do this and stay focused. It’s important that you maximize your earning potential. 

     

    If you want your property to stand out, you must make thoughtful moves toward converting the property. Creating the most unique experience possible is what will earn large amounts of passive income using an existing property. 

    SHORT-TERM RENTALS

    People who are into real estate investing are usually trying to create wealth. Therefore, short-term rentals can be a highly lucrative way to do so.

     

    There is a new trend of people vacationing in group settings. The most popular kind of Airbnb creates luxury while housing multiple people under the same roof. Group vacationing is a different setup from hotels.   

     

    Airbnb investors submit details about the property’s location, availability, pricing, and photos to help with reservations. However, it would be best if you tried not to depend solely on this factor as a reliable source for cash flow.

     

    Everyone dreams of making money. Investing in short-term rental properties offer many benefits, including recurring income and increased cash flow. If you plan on succeeding with short-term rentals, it is to your advantage that you consider how lucrative Airbnb can be for your financial portfolio. 

    AIRBNB VS. HOTEL, MOTEL, HOLIDAY INN

    One thing for sure is that travelers prefer Airbnb to hotels for various reasons:

  • Comfort Of Home
  • Cost
  • Detail Description of Premises Diversity
  • Location
  • Peace And Quiet
  • Privacy
  • Space

    • Airbnb’s are rising to the top as the first-choice option for vacationers. They are alternative accommodations offering unique experiences.

     

    With hotels, you are paying for comfort, service, and housekeeping. However, any help is a phone call away, and everything is guaranteed. 

     

    One is not necessarily better than the other. It depends on what you are looking for in your trip. However, Airbnbs can make you an independent competitor of major hotels. 



    PASSIVE BUT NOT AGGRESSIVE INCOME

    Passive income streams help build a financial plan which can increase your savings, build your portfolio, and eliminate debt. It is money you gain from resources that do not require much effort.

    Rental properties can be a source of passive income. Short-term rentals generate passive income, so you can start earning passive income if you have a property. 

    Contact Glenn and Amber, and their team of real estate investing experts to l;earn how to get started on your journey to economic independence.

    Register today for the next 3-day virtual course at the Home Flipping Workshop. The online classes are engaging, informative, and interactive. Afterward, continued mentoring and coaching is available.  

    Airbnb’s are the new passive income resource. As stated previously, polls show that Airbnb earns close to one billion dollars in revenue.

    Short-term rentals have a higher ROI than long-term rentals, which is why many real estate investors invest in Airbnb. Let us teach you how to diversify your real estate investing portfolio.