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Ep 225: Calculate AirBnB Rents in 5 minutes
0:00 – First off, calculate your Airbnb fast. This does not have to be too hard. We’re going to do this in five minutes or less here on the fearless investor channel.
03:42 – This is what’s so amazing is most people are chasing eight to 10% returns we’re chasing right now at 200% Return on arbitrage. This is why the short term rental industry is so profitable.
04:05 – One is air DNA and then one is my Airbnb profit calculator which you can get absolutely for free by going here to get your first Airbnb in the next 30 days.
04:55 – I’m probably going to assume that you’re going to start with a free membership on your DNA which by the way, if you want to start an air DNA membership, the link is down in this video in the description and a free version is a great place to start because you can save money and you also can get a majority of the information that you need already.
06:07 – And so you want to be able to figure out the good data. Find the good data from three different properties, divide those three or find the amount.
07:24 – So I’ve already filled out a few things on this Airbnb calculator for you including initial expenses. I’ve included all the monthly expenses, minus the rent, and then I’m also leaving the estimated cleaning fees because I just want to assume for a second that we’re not going to make any money and we’re not going to lose any money on cleaning, but that is another great way that you can earn some income.
08:21 – Look at those three grand in a place that I don’t own, and then I’m arbitraging. And what a great return here and this is one thing that I would definitely recommend taking a look at. This is going to measure your risk: it’s dividing your net earnings which are right here into your gross earnings and if your net to gross is at least 33%. As you can see this one’s 51%. If we do find a place that is rentable for 2500, then we know that it’s a pretty good deal.
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