Investor Andrew Keene contrasts casual room-sharers on Airbnb with commercial real estate investors seeking cash flow.
0:00 / 0:04exact quote · 4.5s
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“80% of everybody that has a listing at Airbnb aren't doing it for business.”
quote is from the automated transcript, cleaned for reading:
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More from Andrew Keene
AssertionNot checkable as stated
Keene: San Diego and Miami are the most profitable Airbnb markets
“Basically San Diego and Miami are the most profitable places for Airbnb.”
Andrew KeeneDec 8, 2016▶ 4:26EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
AssertionNot checkable as stated
Keene: Smaller markets like Cleveland generate higher percentage Airbnb returns
“Profitability wise as a percentage, like smaller places, actually like a Kansas city and Cleveland are going to be better percentage wise, but I don't really want to be there or like own places there.”
Andrew KeeneDec 8, 2016▶ 4:42EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
PredictionNot checkable as stated
Keene: San Diego Airbnb condo will yield about 35% cash-on-cash in 2016
“My return on capital probably this year will be about 35% of the money that I put down. That's without even appreciation of the unit.”
Andrew KeeneDec 8, 2016▶ 4:53EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
AssertionPartly supported
Keene: Airbnb Superhost status doubles your chances of getting booked
“You're twice as much, quite as twice as a chance of renting your place out if you're a super host, because then they basically advertise for you.”
Andrew KeeneDec 8, 2016▶ 6:21EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
AssertionNot checkable as stated
Keene: Most San Diego buildings ban short-term rentals through HOAs
“So most buildings in San Diego, you cannot do it because your HOA won't allow it.”
Andrew KeeneDec 8, 2016▶ 7:24EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
AssertionSupported
Keene: San Diego rejected proposed ban on short-term rentals
“So they're trying to ban all short-term rentals in San Diego, and that did not pass.”
Andrew KeeneDec 8, 2016▶ 7:48EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene
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