Investor · Kingston, NY · Member since 2015 · 65 posts · 39 votes
I was wondering if anyone has tried or heard of Brian's Page's Airbnb formula for signing leases on rental units and then using the apartments as a full-time Airbnb model. I've been an Airbnb host for some time, and I'm intrigued by the idea of operating on a larger scale and automating the front-desk aspects. Anybody heard of this guy? I'm considering his tutorial...
Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
8y
$997 is a lot of money to learn something that you can figure out on your own using common sense, psychology, finance and marketing.
Put yourself in your potential tenants shoes and do what it takes to rent yourself a house, from scratch.
That's Paul Sandhu's STR Formula, and it was free! Put the $997 of yours towards unexpected expenses, they will happen. Especially when a meth head breaks into your STR and steals the HDTV, Roku and modem; but you can catch them the next morning when they are still sleeping in the house. That happened to me 72 hours ago.
Sugar Hill, GA · Member since 2018 · 25 posts · 51 votes
8y
Sorry for just now getting back. Life has kept me quite occupied.
Challenges
- Finding the right property - Making sure zoning worked, etc.
- Cleaners! These are your boots on the ground. We've had good ones, and not so good ones. Do your research here. These people will be what make or break your place.
That's about it at the moment. All the other things are just normal doing business type stuff. I typically see PM's faster than I do posts so, feel free to hit me up. I'll try and respond as soon as I can.
Btw, Brian is currently about to update BNBFormula to a newer, simpler version. I for one am looking forward to that.
I really like the program as it grows, and evolves especially with the monthly coaching calls. There are students that have informed Brian of different things to try/implement and he has and then recommends those. Really cool stuff.
@Emily G. Hi Emily!! Are you still willing to share tbe Brian Page Airbnb program your mentioned on the discussion board? If so, please consider sharing with me. I am very interested and eager to learn.
I have purchased another online airbnb course from another instructor. Has actual airbnb experience but no luck renting from another landlord yet so I can do short term rental for the property. While my other course covered much of the Airbnb operation including automation, am hoping to get more proven templates from BNBFormula. That's why the hesitation to purchase directly as I may not get as much from what i have learned from the other course and actual experience.
I will be glad to share my actual experience too if needed and be an accountability partner. I really want to grow my AIRBNB business by renting other landlord's property that I will definitely take care of.
Lender · Central Florida Markets · Member since 2017 · 137 posts · 135 votes
8y
Hi all
I am actually a Landlord that is open to AIrBNB leases. I will lease a Beach block property in the St Pete / Gulf Coast area , Per AirDNA - Avg monthly NET income is over $2300 per Studio . The apts are just across from one of the nicest beaches in the country . All of The apts are Stuidos. with all new appliances , floors, paint bathroom and cabinets. You can furnish as you wish or for extra fee I can rent a furnished package to you . I also partner with a cleaning crew that I will be glad to put you in touch with. IF you want to get your feet wet with as an Airbnb Landlord or add a beach property to your current portfolio . Please PM include your contact info , email and phone and I will give you all the details. Of course if you are in the Gulf Coast of Florida you can swing by and take a look ..
Rental Property Investor · SF Bay Area, CA · Member since 2014 · 352 posts · 543 votes
8y
BNB formula is a good course. I highly recommend it. The only thing I would not do is the LLC. You may get stuck on getting that setup. Just do everything else in the course.
I spent $997 on the course and it was worth every penny.
I'm at Airbnb #6 now and setting it up as we speak.
Honestly Airbnb aint easy even using the rental arbitrage method. Not everyone makes money and a few make FANTASTIC returns.
But if you are scared of spending $997 or $499 on a course, then how are you going to spend $10,000-20,000 for your first Airbnb (1st month rent, deposit, furniture costs)
hello everyone, I was thinking to get into Brian’s program. Although after doing some intial research I saw cities are passing laws one by one and making it illegal for people to rent out on Airbnb if they don’t live there physically or they have to rent out for minimum of 30 days. I saw they are going after the listings and give them big fines. Any idea about that?
Sugar Hill, GA · Member since 2018 · 25 posts · 51 votes
7y
Wow. The responses to my post have been unbelievable! Thanks everyone. Update: We are still continuing to do well, and I just checked out our numbers versus other players in the area. We are at 86% occupancy versus the next highest in our area is at 57%! ADR is similar. I attribute a LOT of that to BNBFormula.
Keep on sending me your questions and I will do my best to answer them. I've had some great conversations with several folks and look forward to talking with even more of you!
Sugar Hill, GA · Member since 2018 · 25 posts · 51 votes
7y
Hi Joe. Sorry, I'm on and off the forums. Thanks for reaching out in DM though. If anyone else would like info please send me a DM with any specific questions you may have. I've also offered up phone calls with several people also.
Atlanta, GA · Member since 2015 · 38 posts · 28 votes
7y
I just stumbled on this youtube channel, after watching a couple of videos, it seems to have good content that could a newbie or a more experienced STR host wanting to rent out properties from landlords:
Rental Property Investor · Fairfield, CT · Member since 2017 · 15 posts · 2 votes
7y
Ben Hooper - thanks for that youtube link - I've been doing rental arbitrage (although not through airbnb) for about 5 years and I didn't even realize there was a name for it --
Since I have just been introduced to Brian Page's airbnb fomula through this page, the one bit of info I would be interested in discovering, is whether his strategy to approach potential arbitrage landlords is different from the airbnb automated tactics?
Hi Guys, i am new here and very interested to do Airbnb Arbitrage in New York. We have friends that recently moved there, and we like to find and use an apartment for us when we visit them. But also get some money out of it.
I have been researching and researching for months now and i think @Paul Sandhu is right. There is ton of free information available, and i have watched almost all videos, pod-casts from Brian Page, and i don't know if i should buy his or other class or go with the free knowledge i obtained on the INTERNET.
Other guy that i researched are Airbnb Automated, but the more i go through the videos i don't like how he don't care about the landlords.
I think this is crucial! This kind of lack of communication and mutual understanding between a Landlord and You in this business can get you sued. I have read this numerous times through my research.
Another course that i am considering is from Sam Zuo (passiveairbnb. com) where he offers free information almost on everything on his blog. Since last month he started showing REAL TIME CASE Studies of his students and their journey with his course. They show the entire process, how they equip apartment, how much money they are earning, what are their expenses each month etc.
There are other guys, websites that i researched but none of them seem active in the past year. Weird.
Investor · South Jordan, UT · Member since 2017 · 16 posts · 8 votes
7y
I am a member and I think it was well worth it. Skeptics can make your mistakes and figure it out but you will make mistakes like we did when we started and lost money. FB group is a great resource. Mentorship is one of the keys to success.