The REAL cost of starting an Airbnb (that no one tells you)
Рет қаралды 96,844
Күн бұрынGet $600 off your tickets to Host Con - The #1 STR conference in the world 👇🏽👇🏽
bit.ly/ythostcon
STEP 1: Watch my case study on creative hosting 👇🏽
www.robuilt.co/creative-host
STEP 2: Download my free guides 📚
Airbnb Analysis Calculator 📈 - bit.ly/48PQgQL
My $10,000/month blueprint 💸 - bit.ly/47yiLR9
The Ultimate Airbnb Shopping List 🛒 - bit.ly/468Qcto
Top 5 Airbnb Business Models 🏘 - bit.ly/3teK2tl
My Airbnb Listing Tips ✍️ - bit.ly/48A06G5
STEP 3: Sign up to host on Airbnb and get my listing feedback
www.airbnb.com/r/robuilt
STEP 4: Join my free Airbnbesties Facebook group 👯♀️
tinyurl.com/airbnbesties
*All content on the Robuilt KZfaq channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
@crossfitbilly 2 жыл бұрын
Quack, Quack, Quack, Mr. Ducksworth :-)
@NolanGouveia 2 жыл бұрын
🤑🤑
@dynhamik 2 жыл бұрын
Rob. Thank you very much for the excel spreadsheet. Most people would charge for something like that. You deserve all of your success.
@adamdorsey7850 2 жыл бұрын
Hey Rob! I love that you make your excel spreadsheets available to everyone, I love excel and your spreadsheet works amazing! I was wondering if you have made or could make a video going into greater depth about how you use the spreadsheet and what everything means exactly. Thanks!
@gmm1028 2 жыл бұрын
Howdy Rob, I'm so glad I found your channel! Such great content, vision, and passion for STR. I'm using your energy to keep focused as I move into the STR deals
@teresamariadepazborroto2390 2 жыл бұрын
Pure success for you Rob!!! I really enjoyed this video and laughed a lot every time that light came up 😁🤭. You have an amazing way to make boring things interesting. So much amazing energy in your videos!!! Amazing.
@seyi8206 2 жыл бұрын
Oh. MG. The kid is adorable. And, as always, thank you for this video. You have really helped me in my deliberations about whether or not to start an AirBnB business.
@dawnd2856 Жыл бұрын
It only so you generously share incredibly valuable information, but your videos are super entertaining! Thanks for all you do!
@austinennis6855 2 жыл бұрын
This videos is awesome thank you so much man!
@bashiri79 2 жыл бұрын
I love your videos! You are entertaining to learn from.
@padronianful 2 жыл бұрын
Super helpful video as always Rob. Also, your editor is hilarious.
@naturespeace7406 2 жыл бұрын
This video was hilarious and informative I’m glad I found you I will subscribe
@lisainnewarknj8313 2 жыл бұрын
Thank you for your leadership!
@shanbailey100 2 жыл бұрын
I'm from Destin and excited to see what you do there!
@countylaw6985 2 жыл бұрын
I think a lot of people want to see more glamping videos and break down cost of the the lotus bell set up
@blakelewis8547 2 жыл бұрын
ty bro for your help
@NolanGouveia 2 жыл бұрын
Great timing! Deciding between long term rental or Airbnb
@benjaminwest4485 2 жыл бұрын
Dude i love how goofy you are. That air drum solo killed! 😅
@ashdb4157 2 жыл бұрын
I’m a photographer and I was more interested in the info which was gReat lighting is just fine. thank you so much, you have inspired me in STR.
@JoeHendersonOfficial 9 ай бұрын
that intro was a masterpiece, keep it up
@ariakate6541 2 жыл бұрын
Just got a place in destin, Florida! So excited!
@AshleyBassHairAndMakeup 2 жыл бұрын
Great VIDEO - SOOO Good, thanks so much Rob. This clears up allot for me plus I SUCK at spreadsheets - So Im gonna cop this one ATM and go forth into the new year and make some dreams come true. LMK if ya need an eager intern to helpout with any stuff around LA RURAL areas- ID LOVE to share with ya where IM looking to buy. (Hint - 1.5 hrs form LA and totally unheard of, but a premier mountain biking destination)
@Ayjrin 2 жыл бұрын
Subbed last night at 3am bc I found a kindred spirit. gotta love my late night, adhd friends. ty for the content.
@shleebeez 2 жыл бұрын
that cycle is so funny because i've experienced something similar with my househacking process
@maxmoser412 2 жыл бұрын
Hi @Robuilt, quick question. In your cost spreadsheet where it asks for the "Percentage to investor", is this assuming you have a partner to pay out to, or am I the investor? Not sure what to put in that field if I do not have any partners. Love the channel! Thanks!!!
@oscarcaballero7988 2 жыл бұрын
Great editing the lawyer part just killed me 😆
@katherinereynolds3659 2 жыл бұрын
Only a minute in but that wall behind you is awesome!!
@jasminerosado7257 2 жыл бұрын
Love your video! What about apartment units?
@KC-ym6uk 2 жыл бұрын
The parent look of uncertainty 😂 your little one is too cute 💜
@matttriesoffroadoverlandca380 2 жыл бұрын
Another great video. What do you think of the Joshua Tree Market. Is it saturated yet, still worth to start an rental property at the average price you mentioned?
@davek2906 2 жыл бұрын
Rob, love you. That’s all.
@apojukay6676 2 жыл бұрын
Question on the second home loan, how many days, weeks or months are you suppose to stay in the property?
@savionreed2875 2 жыл бұрын
I live in Destin Florida , I want to start my air bnb business at 19 , hopefully this takes off
@tenacioustadpole 2 жыл бұрын
I am working on my first air BNB rn (heavily inspired by you, thanks❤️) and my question is....where are you getting 15 percent investment loans?
@marvinpyles3274 2 жыл бұрын
Damn! you said Destin. That's where I've been trying to buy!
@NickFaulkner 2 жыл бұрын
Great video, so how would I go about doing this with investors to help with the up front down payment?
@irmafranke1012 2 жыл бұрын
Hi Rob, your baby is sooo cute!! Who do you use to help you set up LLC? I'm here in LA too.
@bencruz1475 Жыл бұрын
Can you do a video on cash on cash return? Im very new to this and would like to know how to analyze a deal prior to a purchase. Thanks
@clemdane 2 жыл бұрын
I'm starting with a place I own outright, so the largest expenses will be remodeling and furnishing. In fact, I am thinking of getting a home equity line to finance those expenses. I have done a lot of planning, but need to do a lot more. I need more time to work on it. Since I work remotely I may move out of my current place out of state into the planned rental so I can live here rent free while I am working on it.
@elbareca 2 жыл бұрын
I have a HUGE doubt!!! If you built a tiny house in JT for less than 200K and sold it for more than 600K, why don't you keep on doing that over and over until the ends of time?!?!?! PS:Sorry for my english, I'm from Argentina. Best
@erickr.8977 2 жыл бұрын
Because he can't build a house in 2 or 3 months and sell it for X amount of money. It takes time and money to do things and him renting out houses makes him that money.
@rachaelbratsch 10 ай бұрын
Oh my gosh.....you daughter's soooo cute, haha! Thank for the info!
@SGFAdventures 2 жыл бұрын
Great information Rob!
@karenrochelle2056 2 жыл бұрын
Good information! Thanks for sharing.
@claudediggs7467 2 жыл бұрын
I’m really interested in doing a dome and finding land in VA. How would you suggest planning for that? Would love to talk.
@rosseaton990 2 жыл бұрын
Rob’s worst lighting is better than my best lighting
@hudonedem8517 2 жыл бұрын
question: Do you need insurance for your rental business if you are doing arbitrage and it is only you working for the business and paying other people through contract? like cleaners and maintenance.
@Idontknowhowtonameshit Жыл бұрын
Hey Rob can you give me a breakdown of a host’s monthly expenses? I really want to know what I’m getting myself into
@franciscoarroyo8093 2 жыл бұрын
It depends.
@HitsandHeadlines 2 жыл бұрын
Hey Rob, Love your videos. Serious question though: are you worried about an oversaturation problem happening in the near-term future. Let's say everybody's trying to get into this Airbnb game. You got double the supply but the demand stays the same. Do you ever fear that this could drastically harm your profitability in the future? Could make for a great video 😏
@flowerpot5973 2 жыл бұрын
I think most people are too afraid to even ask for the amendment to a lease. That combined with actually being good at picking good properties and finding good locations/ managing the cleanup and marketing game make it not so easy to get into as people think.
@airbnbabcs2050 2 жыл бұрын
If you really think about it, everyone could own an Airbnb because people would vacation at each other's place. But the reality is the percentage of the population that would even seriously consider this, let alone follow through, is insanely low. Risk aversion is widespread.
@honeybeejourney 2 жыл бұрын
@@airbnbabcs2050 Very good point.
@tweetiebird 7 ай бұрын
It's already happening and with people now watching their extra spending the inventory is higher than the demand now!
@bryanfahey3144 2 жыл бұрын
Nice…I’m also looking at Destin. Any thoughts on the palms of Destin?
@dbourdeau 2 жыл бұрын
What about interest on construction loans? How would you estimate that? -Dan B
@evgenyonishkevich8494 2 жыл бұрын
RHCP block was awesome
@jkander4 2 жыл бұрын
How do you find investors to partner with?
@enlamiradelmundo79 2 жыл бұрын
Orale!! I get it !!
@roler1973 2 жыл бұрын
Rob, has considerado invertir en un Airbnb fuera de USA? Saludos, Roger Erosa
@carissasanders 2 жыл бұрын
2:38, definitely the best part
@MacMiggity 2 жыл бұрын
I'm definitely doing the 2nd home thing right now on a 350k property 3rd row from the beach. AirDNA has me at roughly 55k gross rents per year.
@JoshuaS0394 2 жыл бұрын
Good occupancy percentage rating?
@a2motivationaifm48 2 жыл бұрын
Pls add me
@airbnbabcs2050 2 жыл бұрын
15% down investment loans are awesome! Much nicer than 20% down and the lender usually considers projected rent to qualify.
@tweetiebird 7 ай бұрын
In my experience, rentals are considered by lenders more of a risk and vacation rentals sparactic income are not viewed as reliable income either as in showing a steady long term rental lease and monthly income to qualify for loans. I suspect this man has a lot of capital to begin with and mutiple mortgages is a house of cards!
@Johnniewilliams20 2 жыл бұрын
John Mayer trivia. Nice. What was John Mayer's first job?
@matthanson313 2 жыл бұрын
What would be a name for an industry leading tiny home building company?
@onetwo4932 2 жыл бұрын
Rob you said you make 25k per property…. Adding that up, what percent is the expense like electricity, cleaners…? If if you don’t mind I see how much do you take home
@stompingjooface409 2 жыл бұрын
Rob. How would I become your investor?
@tj_tracy_ 2 жыл бұрын
Whatttt??? Rob recording when the sun is up???
@lanajacknichols8397 Жыл бұрын
i have a 2nd home,my weekender lake house.i own it outright and its fully furnished. what would the total startup costs run me just to go through airbnb?or vrbo ?
@CornelioAustin 2 жыл бұрын
You forgot chipotle burritos man!!! lol
@nisharenee9593 2 жыл бұрын
Do you have separate teams in different states to manage your Airbnbs remotely? Or do you have one team and they fly where they are needed
@adamharris5003 2 жыл бұрын
separate for sure
@derickhogan8501 Жыл бұрын
Hey! I was curious if you have several months worth of mortgage payments available before you buy? Almost as an emergency fund in case the rental doesnt book as fast as you expected. If so, how many months do you have saved up?
@tweetiebird 7 ай бұрын
Who is managing this thing. I have two and when you have a problem you have to be able to respond asap or you get a bad review and that can damage your business depending how and where you get reviews at.
@cooper3189 2 жыл бұрын
I have a question. When it comes to making the payments on the properties, does it make more sense to try and get them paid off as quickly as possible, or just make the minimum payments and take the cash flow from the unneeded money you would use to first pay the bills with? How long would it typically take to pay off a property?
@raia9 2 жыл бұрын
Would depend on the interest rate, your debt level, your income, cost of the property, the loss of any tax break by not having a mortgage - speak with an accountant or financial advisor.
@johngutormson9619 2 жыл бұрын
Heyyyyy!!!!
@Warpoet1 2 жыл бұрын
We have the cash to get started but it’s scary with the market being on the edge… SOS.
@elig1646 2 жыл бұрын
Where do you find your comps to work out the income on Airbnb?
@jaimetrevino4650 2 жыл бұрын
Does anybody know how different this would work in Canada? Ontario, in particular
@MrKmichaelw 2 жыл бұрын
❤️ RoBuilt
@chrissheffield5468 2 жыл бұрын
When the "Twilight Zone" theme kicked in, the video went to a Grant Cardone commercial. Please don't scare me like that.
@Scarielys Жыл бұрын
Hi Rob. Top of the mornin to ya. ☀️ I hope you’re still answering questions on here, because LAWD HAVE MERCY. $80,000 down 🥲🥲🥲 can we get a loan for a loan?? Oh my lort. 😂
@goonies_never_say_die 2 жыл бұрын
What were the numbers on your first property that you bought solely to Air BnB?
@thoyo 2 жыл бұрын
quack quack quack Mr. Ducksworth!!
@pauldwalker7418 2 жыл бұрын
What do you mean 'you've had the opportunity to set up 25 - 30 Air BnBs'? Shouldn't that be a finite number? Why the range..
@digital1937 2 жыл бұрын
What if government imposes lockdowns and makes it illegal for owners to rent out their short term rentals like what happened during C-19?
@nydrew18 2 жыл бұрын
Quack, quack, quack, Mr Ducksworth
@boastfulboost8295 2 жыл бұрын
Can I land hack a 3-acre lot on an FHA loan? I have a tiny home in the back of my property and want to add some cabins and put them on air BnB for short-term rental but keep hearing I cant. but I live in property so don't see why not. need some expert help. I am in parker county in texas west of fort worth, the county is an open zoning area, and no permits are needed FHA rules say only can be rental after living in the property for longer than a year then you can rent it but longer than 30 days no short term rental allowed but I guess that's for a primary residence it's not clear for adu and I am still living on the property. What's your opinion? thank you!!
@zanesutherland406 2 жыл бұрын
It’d be worth it to do long term if you had to. Also less risk and less work. More stable and passive.
@boastfulboost8295 2 жыл бұрын
@@zanesutherland406 Rent in my area is 1000 dollars, but if I rent out the tiny home or add a cabin for 100-200 a night I am looking at 3000-6000 dollars. and plus not to be mean but the tenant you attract for 1000 rent or less not very good in my opinion some times but with air BnB, you attract vacationers people looking to relax and experience
@UNDaDog757 2 жыл бұрын
Should a property be placed in a llc before closing
@habitualrytuals Жыл бұрын
This might be a dumb question, but how does one come up with that kind of down payment on an average salary? $100,000 is more than I make in a year. How does everyone come up with this?
@brendavidaure3564 Жыл бұрын
You only need 10% down for a second home but if you're smart you would buy every property as your primary residence and only pay 3.5% - 5% down. All you have to do is start your LLC and retitle every property into your business AFTER purchasing.
@zack1610 Жыл бұрын
Nobody seems to ever have a straight forward answer when it comes to questions like these
@RichardSilvius 2 жыл бұрын
Home prices in the US are a lot higher than they were pre-pandemic. What would you say to someone who's interested in starting, but concerned that the much higher cost of home buying (relative to people who bought pre-pandemic) would potentially make it really hard to compete with larger houses in better areas? When trying to calculate the mortgage, utilities and management fees (for those who need that) it looks like the price per night would be too high and not many people would want to stay there.
@RidleyE 2 жыл бұрын
Interested in this reply as well!
@christobar 2 жыл бұрын
Yeah I came to the same conclusion, houses have become priced as if investors are buying them - for everyone. This has led to most properties cash flowing 0 dollars, or near enough to not be worth it. It really seems to be certain areas that are popular and making money...
@Shilo1o1 2 жыл бұрын
My thoughts, firstly Rob himself is still investing, second so instead of 30% returns we’ll have 15% returns, I can live with that. Third it’s inflation times, so just like home prices are rising, so are wages and business returns. Those are my thoughts, you could leave it and totally disregard this..
@RichardSilvius 2 жыл бұрын
@@Shilo1o1 good points. The only thing I disagree with is wages. They’re not going up as fast as home prices or inflation. But especially home prices.
@christobar 2 жыл бұрын
@@Shilo1o1 I think at this point it's about finding the areas that people are visiting and have a lack of vacation housing. But on the properties I considered purchasing and went through in deep dives, the basically cash flowed 0%. No worries though, I just picked up a duplex that should cash flow near 1k a month as a long term rental :-D
@lucascitarelli8581 Жыл бұрын
hey, for the 50% cash on cash return, are you looking to have 50% of the total cost of the property, or just the total cost of what you invested in it? for 1.4Million, 300,000 annualy is around 20% but if you only invested 300-400k then that would be great. Thanks
@Robuilt Жыл бұрын
You're looking at the total cash invested, not the entire purchase price.
@alysonparker6089 2 жыл бұрын
You haven't seen the classic Mighty Ducks?! lol
@laurihines300 2 жыл бұрын
GIVE…ME…YOUR…BABY Grandma hormones kicking in, OMG she is adorable
@Tyler-lt4xh 2 жыл бұрын
Is this 20% minimum COC based on what occupancy level? 100%? 80%? Thanks!
@JoshuaS0394 2 жыл бұрын
Yes, coc is based off occupancy level and also daily rates. You can always adjust your daily rates for higher coc. Hope this helps!
@christopherpennington6449 2 жыл бұрын
Is that the Winston from Warby?
@Larajb217 2 жыл бұрын
Love the videos love your explaining insightful etc all the interruptions to be funny is annoying.. bec I was following your train of thought and thinking and then I have to look at a cartoon or a movie clip.. you dont need to be funny you are very informative
@michaelvonneupert 2 жыл бұрын
Quack, quack, quack, Mr. Ducksworth. I feel used somehow...maybe I'll go check out that movie Fracture. I've heard it's pretty...dammit!
@nathaneaston8423 2 жыл бұрын
Rob I dare you to invest in Denver ;)
@bvssrsguntur6338 6 ай бұрын
$10/Sq ft...1200 Sq ft...$12,000 for furnishing
@streakingclothed 2 жыл бұрын
Quack Quack Quack, Mr. Drucksworth!!!!
@WillHeidt 2 жыл бұрын
Aye I live in Destin!
@oscarcaballero7988 2 жыл бұрын
I wonder how much coffee rob drinks lol
@tameralynn7579 Жыл бұрын
I got into an Airbnb investment that I can’t afford. Yay me. Terrible first property analyzation 😢
@iansansburn4619 2 жыл бұрын
For the cash on cash return Example of $50,000/$100,000 - is that $50,000 annual profit / $100,000 initial investment? Or what timeframe is that $50,000 number made? Thanks for the videos!!
@helmutneher 2 жыл бұрын
Annual before tax cash flow / total cost of the property. So annual divided by total cost.
@matthanson313 2 жыл бұрын
What do I name my tiny home building company?
@brendavidaure3564 Жыл бұрын
Tiny builders lol 🤷🏻♀️
@MrMaikeruzera 2 жыл бұрын
Quack, Quack, Quack, Mr. Ducksworth!!! ... what more be said!
@gjkMN Жыл бұрын
Quack, Quack, Quack, Mr Ducksworth! .....iykyk
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