Passive Airbnb Frequently Asked Questions
A couple of things that I’d like you to know.
- Passive Airbnb just hit our 100th posts today. Woohoo! This is really awesome because, without your continuous support, we would not have achieved this milestone. It’s great to know that we have lots of loyal readers!
- We celebrated by creating these comprehensive FAQs.
Here are the Basic Passive Airbnb FAQs
The questions gradually get more technical as we climb down the list of questions and answers. Please bear with me.
What is Airbnb?
Airbnb is the most popular home-sharing platform in the world. Airbnb had $2.6 billion in revenue in 2017. In 2016, they had close to $1.7 billion in revenue. That’s close to a BILLION dollars in growth in just one year. Come and join this crazy growth!
I don’t own any properties. Can I still start this business?
Yup. That is why I created this blog to show you how you can leverage rental arbitrage to build a profitable business on Airbnb and start getting passive income.
I have students that are consistently earning 6-figures and one student that is clearing over $87,000 a month, which puts him in the infamous 7-figure earner!
What is a Superhost?
Superhosts are experienced hosts who provide a shining example for other hosts, and extraordinary experiences for their guests. On average, they earn a lot more than regular hosts.
I live in Europe, Australia, Malaysia, India…will this work here?
Here’s what you should do. Go to Airbnb.com and look for actual units in your area. Pay attention to 2 things: prices and reviews. Airbnb is live across 65,000 cities and 191 countries. Chances are that it’s already working in your city.
What is the time commitment for this thing? I have a full-time job.
If you have time to grab a beer or sit on the couch to watch TV, then you can make time for this course. You’ll just need to set aside a few hours per week. You can do the course on your schedule.
More importantly, I will teach you how to put yourself in the top 10% of global Airbnb earners with just a few hours of work each week.
I have a spare room… Can I rent it on Airbnb?
Yes, that is perfect. Focus on module 6 & 7. When you’re ready to scale, you can go back and study module 2-5.
How much does it cost to get started?
Good question. Your rental market will probably be different from mine in Silicon Valley. So your start-up costs will be different. Here are a few things to keep in mind: 1. Monthly rent 2. Security deposits 3. Furniture costs.
I am looking to start in xyz city, will this work for me?
Great question, lousy answer: perhaps. It’s really important for you to find a profitable market that has little to no short-term rental (STR) restrictions. The bad news is you’ll have to do some work on this. The good news is that I will teach you how to do research as well as how to find a profitable market to do STR.
I am looking to make some money quick… is this right for me?
Probably not. The course is for those who want to work toward reaching their passive income goals. Get started, do the work to get it working, then repeat. That’s who the course is for. Please come back when you’re ready.
More Technical Frequently Asked Questions…
How do you deal with the standard “No Sublease” contract clause?
The course includes a template that you can use in lieu of the standard no sublease contract.
Why don’t landlords just do this themselves?
They certainly could. But…They don’t want to manage the day-to-day of an STR business. Most landlords just want to collect their monthly rent. That’s where you come in. The course will help you convince a landlord to work with you.
Can I run this business remotely?
Never thought you’d ask. Yes, that is the beauty of this business model. You can run it anywhere in the world. But most of my students start near their current residence.
How can you guide people who have been evicted from the building for operating one Airbnb?
You need to get out of this mess because you broke your lease by subleasing it illegally. There’s no going back once you already got caught.
However, there is good news. In my blog and e-course, I teach you how to find willing landlords and property managers that want you to take their units to sublease. It’s all about your value proposition.
I’m worried about Occupancy rate. How do you ensure that I get booked consistently?
Great question! In my blog and e-course, I’ll teach you how to consistently ensure a 5-star guest experience so that you’ll be on track to earn your Superhost Status.