AirBNB Expert Brian Page Tells All About Short-Term RentalsReading Time: 2 minutes
Brian Page is an expert entrepreneur, speaker, and international business coach. Years ago, he was still working at a small software company when he realized that he wanted to have his own business and be his own boss.
Brian began to leverage other people’s properties (you read that right) and list them on Airbnb. By following a simple “formula”, he earned over $300,000 in his first year. Now, Brian teaches this formula to others and trains them on launching their own Airbnb businesses.
He sat down with us for a Facebook Live ALL access AMA (Ask Me Anything) round and told us everything we need to build a short-term rental empire without owning property. Our talk was jam packed with useful information!
If you missed our session with Brian, you can still view it here.
Watch our talk with Brian and learn:
- How to get started with short-term rentals
- What the whole process is like
- How to convince homeowners to post their properties on Airbnb
- Advantages of short-term rentals
- Tips for success in the business!
Below, we’ve included the main topics Brian discussed during his conversation with us so that you can skip to the parts you’re most interested in learning about…
3:41 What is your background?
5:28 Traditional rental portfolio vs. short-term rentals
6:39 How did you stumble upon the Airbnb business?
9:06 What is the short-term rental process like?
11:20 Tenants vs. Airbnb guests
13:38 What is the insurance coverage given by Airbnb for homeowners?
15:25 What is the best way to get started in this business?
17:51 Which risks are removed by short-term rentals?
19:54 Do you lease single family homes?
20:22 How do you deal with HOAs?
21:45 How do you estimate cash flow for properties?
27:17 What is your average occupancy rate?
31:18 Laws governing the industry
36:42 How do you manage rentals across the US?
39:24 Do you furnish your rental units?
44:44 Who checks in your guests?
48:06 Do you ever reject guests?
50:44 How important is location?
51:43 How do you take care of taxes?
52:23 Dealing with market saturation
54:25 Are you doing Airbnb full-time?
55:56 What advice would you give a younger you?