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Ep 209: Q&A from our AirBnB Masterminds Facebook Page
04:27 – I looked up laundry service but it’s really expensive. Does anyone have anything or any idea?v05:50 – Typically a cleaning team already is equipped and kind of knows how to work around these kinds of things.
08:25 – How can I go about talking to her about putting my business on the lease instead of me if she doesn’t put my business on the lease, and instead puts my business as the personal guarantor?
09:25 – If the owner has an issue specifically with something that they have a misconception of, then you can speak to that misconception.
11:17 – You have to kind of make that decision based on your risk level.
11:46 – I’ve been wondering if it would be smarter to have lower priced places or one high priced place diversify, or put all my eggs in one basket?
21:36 – This is why I put this in the calculator because you have to understand what I am doing with my money to multiply it. If I’m not multiplying it at a high rate, it doesn’t matter. What my net income is every month it matters how multiply my money.
21:59 – When I first got into real estate, my mindset was I don’t care about the return on investment, I care about my bottom line monthly income. But when you think that way, then you start putting large sums of money at something just to get a specific cash flow versus a return on investment.
23: 26 -What is the best advice you can give someone starting an Airbnb? What lesson would you learn that you would start and what lesson Have you learned since you started?
24:37 – Automate, use as much technology as possible. Don’t do pricing manually. Don’t do messaging manually get it all automated as quickly as possible.
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