29 Nov Amazon List: My Top 9 Products That My Guests Raved About
I started doing my Airbnb Arbitrage about a year ago and I’ve had more than 100+ reservations. I took a look at my total spend on Amazon and it is close to $20,000 dollars. Some of the purchases are impulse purchases that were utterly useless, while some impulsive purchases turned out to be a godsend. In this experiment, I would like to share with you on my experiences and learnings to provide you with the knowledge and insights of my previous guests!
If you are just starting out, you want to maximize your budget. A typical budget to furnish a 1-bedroom is somewhere around 4-5k and a two bedroom unit is anywhere around 5-6k. Check out my blog post here to see a detailed spreadsheet on the costs for 1 and 2-bedroom units.
To save you some time, I have listed out the top 9 products that my guests absolutely loved! If you’re on a budget and would like to maximize your capital, then these products are what you should look into! All of these products are found on Amazon and if you have Amazon Prime, then I have just made your life super easy.
Amazon List: Kitchen Things
Ninja Professional Blender You would be surprised to know how many times that my guests use the blender for morning smoothies! I have one of those in my own home and I absolutely love it because it’s a blender that is powerful yet affordable. Cost: $68.94 / 4.5-stars
Keurig Coffee Maker It’s a convenient machine that my guests use a lot. I host a lot of business travelers and they love it because coffee is a push of a button away. Cost: $85.35 / 4-stars
96 Count Variety K-Pods For Keurig These k-Pods are what goes into your Keurig and without it, there wouldn’t be any coffee! My guests love the variety of blends that it provides. Cost: $33.95 / 4-stars
Cuisinart 15-Piece Stainless Steel Knives & Cutting + Serving Board Set. These knives are stylish and sharp! I have done my research and they’re the best for its sharpness, style, and price! Cost: $63.72 / 4-stars
Amazon List: Living Room Things
43-Inch 1080p Smart TV (2017 Model) I don’t have cable television intentionally because it’s expensive. But I do have a Smart-TV that connects to my WiFi and streams subscription-based television like Netflix. Guests love it and I save on cable costs! Cost: $299.99 / 4-stars
Amazon List: Security Things
Master Lock Lock Box – Portable People ask me how do I automate my check-in process? Well, this is my secret! I like this one because it has a wide lock body. You can fit a few keys in there!
It’s a time-saver for my guests because they can access it 24/7. Cost: $19.90 / 4.5-stars
Amazon List: Bedroom Things
Zinus Queen Platform Bed- Queen Size I outsource all of my bed platform to this brand because they’re cheap, easy to assemble, and looks great! My guests always ask me where I got my platform bed and sometimes I’m embarrassed to tell them that I actually got it from Amazon! Cost: $205.15 / 4.5-stars
Zinus Memory Foam 8 Inch Mattress, Queen My secret weapon! I have had multiple compliments on this bed. In my opinion, it’s better than some of the more expensive memory foam mattresses on the market. Cost: $189 / 4.5-stars
Check out another recent guest’s experience sleeping on my memory foam bed. She was skeptical at first until she tried mine!
LINENSPA Mattress Protector – Queen This mattress protector saved my mattress multiple times! It’s completely waterproof and even wine proof! I am glad that I had this protector on all of my memory foam beds! Save your mattress and be smart! Cost: $16.99 / 4-stars
Amazon List: Bonus Products – Replenishable Goods
There are 2 things that I buy every month or so on Amazon. I love it because it is shipped directly to my units and I can get them in bulk and at a discount.
Cottonelle Ultra Comfort- 36 Toilet Paper Rolls It comes in 4 separate packages of 8. Each pack will last up to 7 days of heavy use. It’s extremely sturdy and comfortable. Cost: $23.72 / 4.5-stars
Paper Towels, Big Roll, 6 Count (Pack of 4) These paper towels are long-lasting for me and it’s the best price I could find! Cost: $28.99 / 4.5-stars
There you guys go! Hopefully, this list of things helped you guys outsourced some of your purchasing decisions.
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DanielPosted at 17:51h, 05 December
how do you make profit with so high expenditures on top of the rent?
SamPosted at 18:56h, 05 December
The key is to find highly profitable areas where you can make 2x, 3x, or even 4x your daily rent. This is how you calculate your daily rent = monthly rent/days in a month. For example: 1000 dollars monthly rent / 30 days = 33.3 dollars a day. If you can find an area that charges 67 dollars per day, then you have a profitable area.
Hope this helps!
DanielPosted at 03:28h, 06 December
I understand, but no one has all days reserved so effective profitability is (much) lower I assume…
DanielPosted at 03:30h, 06 December
because $20,000 dollars for around 100 reservations means almost 200 cost per reservation. I know that everything is not amortised/depreciated yet, but anyway…
SamPosted at 03:41h, 06 December
In order for me to reach profitability, I’ll have to maintain a 45% occupancy during low-season and 35% occupancy rate during high-season. I spent 20k not just on one unit, but multiple units. It takes around 2 months to make back what you invested in on furniture and other things that go into the property.
I hope this helps!
Torri L HaydenPosted at 22:30h, 27 November
This is great stuff, much thanks!
Sam ZuoPosted at 03:00h, 30 November