How to Make Money With Airbnb

Gifts & Recommendations:

For this episode we’re giving away a copy of The Insiders Guide To Funding Real Estate Investments. A critical tool for finding the money to fund your rentals and Airbnb properties.

Full FREE Real Estate Investing Training 
CiX.com/see-it

Need to line up a private money lender for your first or next real estate deal? Just go to PrivateLenders.com to get a conversation started with a verified private lender, for free!

Here’s the link to Alex’s book, Airbnb Listing Hacks

Here is the link to Alex’s Airbnb listing copywriting service

Our guest Alex Wong also talked about two recent books he is reading and listening to. Meditations by Marcus Aurelious and Can’t Hurt Me: Master Your Mind and Defy the Odds by David Goggins.

Is Airbnb A Good Investment?

Airbnb can be a great real estate investment niche. It can provide investors with high daily rental rates. There are many ways to be creative in getting in and gaining leverage. This ranges from using private lenders for funding rental properties to sandwich lease options and managing other people’s listings. You can often get two to four times the income as an Airbnb rental than leasing the same place to local annual tenants.

Airbnb Tips 

Step 1: Know Your Target

Talk to your ideal customers and past guests. Find out what they really want, what they didn’t like and how you can deliver more. Call them, email them, or just talk to them in person.

Step 2: Find A Unique Way To Position Your Property

How is the experience of staying at your property superior or different to other options? Is it by a ski resort? Will you cook for your guests? Will you take them on tours of your city and local activities?

Step 3: Describe The Tangible Benefits Of Your Property

How are your property features and assets a real benefit for your guests? Even if you are just renting a couch in your living room, how does that couch help them? Is it super soft and relaxing? Will the views make their day?

Summary 

In this episode Alex shows us there are many ways to make money around the real estate industry. For those with rentals, one of the easiest ways to increase your bookings and profits is to invest in writing better listing descriptions. Listen in to find out how to improve yours.

Action Steps for How To Make Money On Airbnb

1.) Find rental properties from other landlords or using PiN software 

2.) Create amazing listing descriptions

3.) Get your Airbnb listing online

About Alex Wong

Before getting into writing Alex Wong was a waiter and public school teacher. That all changed after staying at Airbnbs in Asia and realizing that while the places were great, the listing descriptions were terrible. In addition to writing for dentists over the past five years, he’s also written a book on Amazon called Amazon Listing Hacks: The Complete Guide To Maximizing Your Bookings And Profits. Check it out for examples of his work.