Airbnb

“A really high percentage is Airbnb. And then as much, I would say, Oh, probably 80% or over.”

“I was making like, 15 to 20,000 dollars a month. In gross revenue, and my monthly payment on that was like, 5600. P-I-T-I, or Principal Interest Tax and Insurance. So after operating expenses, there was months where I was taking home like a 10 K check.”

“Remote hospitality is significantly harder than in-person hospitality, and so starting an Airbnb investment in a location that's a really strong market that you cannot touch if you're just starting out to me is typically not the right route unless you have an …”

“You will see an immediate decrease in performance when you start taking bookings off of their platform.”

“I personally steer away from now anything lower than a four to five bedroom because the value proposition of Airbnb is a collective experience in my opinion, and you can't really provide that in a one to two bedroom and the one to two bedroom and three bedroom…”

“What I tell people when they're designing Airbnbs is take risks on your Airbnb design that make you think like, oh, this is interesting. I wouldn't do this in my own home, but this is interesting because that's what you want the guest to feel when they walk in…”

“What you have to know about how these tools estimate income is they're basically scraping The prices from existing Airbnbs. And so let's say that you have an Airbnb with Monday, Tuesday, Wednesday open, right? At 300 dollars a night. And then the next day the …”

“They'll only make maybe like, all right, I want to drive direct booking. So I'm only going to make the next three months available on Airbnb and everything outside of that are going to block off. Like that is going to hurt you on the algorithm. So making sure …”

“A lot of times they'll get the cathodic nature of complaining out to you through that text message and then not do it through the review.”

“And we've seen that hiring a professional manager can generate higher returns than managing yourself. You're gonna have a full-time revenue manager. You're gonna have someone that is generating direct bookings. Not having to pay the fees to Airbnb and Vrbo for…”

“So we track the performance of every single listing on Airbnb, Vrbo, booking.com around the world.”

“The general rule of thumb is you don't want to be too dependent on any one channel. So I don't want, I'm more than 60% of my revenue coming through any one spot, because then I'm dependent on them, right? If I get a bad review and Airbnb delist me, like that's…”

“So if you're getting going and you don't, and my suggestion is, is you do lower your prices at the beginning, you get five, 10 reviews. On Airbnb, Vrbo that's going, and with the algorithm, if you're getting booked, you're getting reviews, they're positive rev…”