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Ep 145: Make money in AirBnB without managing properties | Braydon Ross
03:43 – Something to look out for is making sure that you are not listed too low in terms of a price point because you’re gonna attract the wrong guest, Ross said.
12:05 – I started realizing that I could get airbnbs by doing a co-hosting revenue share model with homeowners instead of having to put upfront capital for renting and deposit.
12:22 – You can do multiple ways about doing airbnb, whether you own, rent, manage, or even partner with hotels and management companies. For people that are getting started, Ross recommends that you can do one of each ways just to know the difference.
14:13 – Ross hated the routine of knowing what he had to do next. He wanted to create different options and freedom the most people desire. And the reason why he didn’t quit is because he was so addicted to the ability to be free and not listen to everybody telling him what to do.
15:42 – If you want to learn it yourself, Ross recommends that you try to manage or rent property and understand how that process works. The more knowledgeable you are about the process of airbnb is better.
17:18 – If you have the cash to invest and turn properties into airbnbs but your intention is to airbnb, sure try it. But I’d rather do a least option on a property if I’m looking to buy that property.
17:51 – You have to get a little bit uncomfortable. Braydon’s biggest tip for beginners is to put enough bait on it (airbnb).
22:42 – When analyzing the deal or looking for a homeowner to convince, I like to tell the homeowner that I am a potential buyer, but not in every situation.
25:27 – Usually what I do is, if it’s a condo, I prefer smaller units over bigger units because the turnover rate is a lot easier, and less problems with parties.
32:54 – We connect with different travel agencies, influencers, I use my brand, we run ads, and we’ll get direct bookings on the platform. And we will offer these companies direct bookings which is super valuable.
35:29 – Connect with Braydon via instagram.
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