Is Airbnb Profitable In 2024? | My Earnings After One Year On Airbnb.

Рет қаралды 7,800

6 ай бұрын

Over the past few months, there has been a lot of noise around AirBnb and whether or not it is a good investment. At the end of 2022, my husband and I decided to list our property, situated in a small town in North Carolina, on Airbnb. Having spent an entire year on the platform, I wanted to share how much we earned and give my opinion on whether it was worth it. This video is meant to bring more transparency and perspective to the community. I hope you enjoy.
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Just Joaqui
#airbnb #rentalproperty #sidehustle #investmentproperty #investmentopportunity #investmentstrategiesforbeginners #investmentstrategy #northcarolina #murfreesboro #smalltownlife #sidehustle #virginiabeach #northcarolinarealestate #realestateinvestment #realestatelife #realestateinvesting #realestatetips #isitworthit #airbnbhosts

Пікірлер: 44

@jameswaggoner2646 5 ай бұрын

Looking forward to more content.

@thesocialreset 5 ай бұрын

Thank you for watching and subscribing. I really appreciate it ☺️

@thadlm2698 2 ай бұрын

A very good and informative video. Thanks for sharing…

@thesocialreset 2 ай бұрын

Thank you for watching

@SimonSozzi7258 Ай бұрын

You should do a cash out refinance, interest rates depending.?. Buy another place. 🎉

@markitawilkins3698 5 ай бұрын

💯💯💯 great video!

@thesocialreset 5 ай бұрын

Thanks for watching!

@hlb0111 5 ай бұрын

Just subbed. Can you do a video about figuring out if an airbnb is appropriate to attract corporate renters and best practices for attracting them in the first place?

@thesocialreset 5 ай бұрын

Thank you so much for subcribing to my channel. Your suggestion is a good video idea because I was asking the same questions. 😊

@eblawrence 2 ай бұрын

I would like to see that video too

@thesocialreset 2 ай бұрын

Hi Thank you for watching. This video is in the works. This is one of the questions I had when I first started out. Stay tuned 😊

@NikolaPiterskiMiami 3 ай бұрын

thanks 4 the video, but just wanted to note that Murfreesboro, NC in 2010 had nearly 3000 people living there, not 55 i am sure that in 2023 it was even more, despite that being a VERY remote location for sure. I worked in Charlotte couple of years ago... congratulations on your achievement, but i like doing my Airbnb’s in Miami:)

@thesocialreset 3 ай бұрын

Congratulations 🎊 on your Miami Airbnb’s. That is definitely a great place to have one. Just wanted to highlight when I spoke about the census, it was for Como not Murfreesboro. Thanks for watching

@NikolaPiterskiMiami 3 ай бұрын

@@thesocialreset oh, yea, that’s definitely a VERY remote location, I’m shocked that people there even know what an Airbnb is 🤭 keep up great work

@AtAg1962 5 ай бұрын

I just subscribed

@thesocialreset 5 ай бұрын

Thank you so much for subscribing. I am glad you enjoyed the video 😊

@livewholistic 5 ай бұрын

Now that you have corporate relationship(s), I would suggest you start charging way more. Being that you're the only airbnb in the area, that makes you extremely valuable (especially to the college). People will pay more, please raise your prices and see. Congrats!

@thesocialreset 5 ай бұрын

You are absolutely right. That is definitely the plan. I appreciate you watching the video. Hope you come back for more 😀

@groovyhueyofficial 5 ай бұрын

☝🏾💯

@thesocialreset 5 ай бұрын

Thank for the comment. I really appreciate it. 😊

@guyredares 18 күн бұрын

great video! how does this compare to a long-term lease? how many nights per month on average was it rented?

@thesocialreset 18 күн бұрын

Hi. Thanks for watching the video! To answer your first question, I'll be releasing a comparison video soon that will cover everything from cost versus income, required time relative to service provided, and much more. Please stay tuned for that 😊. Regarding your second question, during slower periods and shutdowns for maintenance, our average ranges between 10-15 nights, while during busier times it exceeded 25 nights.

@NikkiCarrero-vy8qm 16 күн бұрын

What about cleaning expenses or did you do the cleaning yourselves?

@thesocialreset 16 күн бұрын

All cleaning expenses and utility expenses where all bundled into total expenses. Thank you for watching 😊

@Mr_T817 2 ай бұрын

Gone girl!

@thesocialreset 2 ай бұрын

Thank you for watching

@michaellalanae7228 17 күн бұрын

Taxation will be the downfall of Airbnb. It's already at 50%.affordability .

@purplepowell 5 ай бұрын

Are you not including property taxes, utilities and cleaning fees????

@thesocialreset 5 ай бұрын

Hello, yes I am including it all cleaning fees, property taxes , and all utilities month over month. Depending on the month it varies anywhere from $250 up to $800 if we have constant turnover or not. Thanks for asking and watching. I really appreciate it😀

@gerarddaniels3590 2 ай бұрын

You tell us that you did got an opportunity to 'take over' this BnB. But did you buy the house or do you rent it? Where are those expenses?

@thesocialreset 2 ай бұрын

Hello, thank you for watching. The property is owned by my Grandparents. During the pandemic, they reached out to me and asked was I interested in managing their property. Since my husband and I were in the market for one we decided to go for it. They were no longer interested in maintaining the property due their age , so we agreed to fully manage the property on their behalf. Also, everything listed in the video is the total cost of operation ( income & expenses) for the whole year.

@gerarddaniels3590 2 ай бұрын

@@thesocialreset Thank you for your answer. That's indeed a nice opportunity. But normally you have also rent to pay or a mortgage. So this you have deduct from your profit.

@ngapuikuemberirua3670 4 күн бұрын

@@gerarddaniels3590 my thoughts exactly. Not a good example to show airbnb profitability without factoring in a mortgage/rental payment. It’s misleading and not a true reflection. Should have at least factored in an estimated mortgage/rental payment per local market. Straight talk, no hate ✌🏾

@DS-gt1ft 3 күн бұрын

You're wasting your time. You'd make for with a traditional 1 yr lease with a lot less work.

@Unortha Ай бұрын

Im so rayvn x Guy Fieri

@thesocialreset Ай бұрын

Hilarious. Thanks for watching 😊

@beverlybroomfield837 Ай бұрын

Great, you are a monopoly.

@LorraineMolina 2 ай бұрын

How on earth are your expenses so cheap? No taxes, insurance, utilities? No mortage?

@thesocialreset 2 ай бұрын

Hi, the property is paid off and is located in a very small town in North Carolina. The property is also not that big roughly 900 square feet that is well insulated. Every month I budget 500 a month for utilities. For the taxes I was shocked as well, to the point I thought it was a typo; but the taxes are less than 100 dollars a year. Thank you for watching.