In today's excellent episode of The BiggerPockets Podcast, Zeona McIntyre shares how her investments in short term rentals - some local and some long distance - have provided her with enough income to retire early and travel the world.
She has some great tips for furnishing your rental inexpensively, how to price it properly, and how to get a maximum number of listings.
Download today or listen here .
Loved this one!! Great job!!
Just what I was looking for!
Listening to it now. One of my favorite quotes on "Luck" was from Chris Sacca:
"I may have been lucky, but it wasn't by accident"
This is one I have been waiting on.
This was awesome. One of my favorites so far. Keep it up guys and keep changing lives!
Really great stuff!
I listened to it earlier, but am unable to listen at the moment. What was the name of the services she referenced to track pricing/bookings?
Loved this one!
This greatly appeals to me, more so than the long term rental scenario. I would think that location would play a much larger roll in rental incomes for Airbnb, thoughts?
Did anyone else notice that Brandon now calls himself the host and the other people guest Co-hosts? Before he always used to call them guest hosts and he remained the co-host. Does this mean the Josh is stepping away from the podcast on a permanent basis?
@Christopher Meis yes, location definitely plays a role. For instanace, I reside in Norfolk, VA and when I look at the Airbnb map I only see rentals near the beach and downtown. In Hampton, I see rentals predominately near the beach. In my area it seems to be based on the areas of main attraction.
@Brett Jones it was everbooked and beyond pricing
I've been doing Airbnb for the past 6 months but I learned so much from listening to this episode. I wrote out a few new RE goals after listening!
I enjoyed this podcast, Zeona is energetic and lively, loved her aspect of the investing journey and how she started out with a PML/Friend. I want at least one Airbnb property since we are close to the beach, I think it will do well. Thanks Bigger Pockets!
That was a really good show. It actually gave me a great business idea. It had never occurred to me that there was a such thing as a "co-host" for AirBnB listings that handles all of the operations for some of the properties.
I am curious if these co-hosts have to be licensed like a traditional property manager? If not, I could probably easily launch into this space and manage AirBnB listings for other people for extra money.
Well I just spent 15 minutes signing up for AirBnB only to find out that co hosting isn't available yet in my community. My business plan is out the window. However I think there is still the opportunity to list my services on sites like Craigslist in the local area.
Great podcast! This has opened my eyes to opportunities in the Phila area as well as outside the Phila area.
Question: Are you all hosting your personal investment properties, OR are you hosting properties that you rent? In the beginning of the episode, Zeona shared that that was her strategy a few years back.
I went looking for more information on Air B&B and wasn't able to find anything thing until this podcast! Thanks for bringing her on!
Am I the only one that took serious issue with this podcast? @biggerpockets putting out to its members to violate the rental agreements they sign and turn someone's investment into a hotel without their knowledge? She says herself she lived in fear of getting caught. It doesn't mention what should have happened to her when she did get caught, which should have been an eviction, loss of her deposit and in most states a large chunk of the remaining rent still owed.
As a real estate investor what's the point of screening tenets or saying its such an important step if the tenet will then run a business of letting un-vetted people with no ties to my property stay there? Another thought struck me. Without a contract with the actual property owner the people she is illegally renting to could be considered trespassing.
Disclosure: I could only listen to 20 minutes before it pissed me off and I shut it down.
Have never seen her or heard of her before this, but I think I'm in love......
Great show! A ton of value as always. Definitely going to try to AirBnB my house when I'm away in September and December
I also did not appreciate the aspect of doing short term rentals on properties you don't own without the owner knowing. You can get in a lot of legal trouble doing that and it's just a really poor idea for many reasons besides being dishonest and unethical.
I think @Joshua Dorkin would not have condoned that part of the conversation if he was hosting.
That said, I have a new vacation rental myself and learned a lot.
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