The sharing economy has been a boon for consumers, but it also brings about new challenges as well. Airbnb review Jorge Contreras discusses how the sharing economy affects people of different races and abilities in this article.
The “real system reviews” is an app that allows users to review their Airbnb stays. The reviews are real but the author of the app is not. Jorge Contreras, a former Airbnb employee, created the app so he could get feedback on his own experiences with his company. Read more in detail here: the real system reviews.
Jorge Contreras is the inventor of The Real System, a mentorship program that teaches you how to earn money on Airbnb without having to own any homes. Why is Airbnb so popular? Jorge thinks it’s the most efficient approach to achieve financial independence. Unlike glitzy investments like Amazon FBA and FX, which take a lot of money and skill. Airbnb is a simple method to obtain your first victory as a real estate investor by dipping your toes into business. Continue reading to learn more about Jorge’s Airbnb approach.
Next, follow these steps to create your own rental website.
How can you contact landlords to inquire about starting an Airbnb company on their property? Jorge enjoys using Zillow. There you may look for marketed homes in the hopes of finding a long-term renter. Find something in a hip, touristy area. Something that is equipped completely or partly. Contact the landlord and make one of two offers to them.
One, you tell them you manage a vacation and short-term rental company. You inquire whether they’d want to make more money without having to work harder. That is, co-hosting. For them, you run the Airbnb. You are not required to pay rent or provide a deposit. There is no need to purchase furnishings or appliances. You’re giving a service while also reducing future earnings. On the phone, don’t attempt to shut them. Get them to agree to a face-to-face encounter so you can close the transaction.
Alternatively, you might sublet. The property is rented from the landlord. Let’s say it’s $1500 each month. Then put it up for rent on Airbnb. Maybe you earn $3,000 each month doing that. And you keep the $1500 difference in your pocket. In this case, you essentially become the Airbnb bank. You use other people’s assets to establish a new spread from which you may benefit. All while reducing your own risk.
If you discover the correct property, any monetization approach may work effectively. One with lots of free parking is ideal. Make sure you’re not accountable for any continuing upkeep. That would contradict the goal since it would turn into a highly active source of revenue. The house must be in good to excellent condition. People will complain, give negative reviews, and want their money back if it smells awful, if there is evident structural damage, or if the dishwasher is broken.
What’s left? The air conditioning and heat must function properly. Especially if it’s in an area with large temperature changes between winter and summer. Jorge favors single-family houses. The tenant receives more value for their money. They receive a front yard, a rear yard, a driveway, and anything else they need for their stay. Condominiums, townhouses, and flats are all overcrowded. You hear complaints from your neighbors. It’s not working. To safeguard your ROI, stick to single family homes.
Other suggestions? Any agreement you have with your landlord should be written down. Take precautions. Also, don’t give them any extra money for rent above what the market will bear. Thinking beyond the box isn’t your fault. They could always figure out the Airbnb game on their own if they desire greater income flow from the house. Finally, double-check with the city before proceeding with any arrangement to ensure that Airbnbs are permitted in that region. You don’t want to discover up thirty days later that they’ve shut you down and charged you a slew of fees.
ANOTHER OPTION: Investing In Online Real Estate
Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
Jorge Contreras is a man who has lived in the same house for his entire life. He was born and raised there, so he knows every nook and cranny of it. Now, he’s sharing this unique space with guests from all over the world through Airbnb. Reference: jorge contreras airbnb yahoo.
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