Into The Airbnb

Above 25% Gross Rental Yield rentals in Greenville. Co-hosting 6 properties. Owner of Airbnb Marketing Agency. Bnbthesmartway.com

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Today's guest is Renee. She cohosts 6 properties at Greenville in South Carolina. Cohosting here means she primarily runs someone else's property and gets a 20% commission from revenue. She also runs a marketing agency for Airbnb hosts. It's www.bnbthesmartway.com. Her listing is called "Open Hearth Cottage- 3 miles to Downtown + Furman," is generating $46,000 in revenue (after paying a cleaning fee, service charge, and supplies). Considering that this type of property can be bought at below 200k, it is an impressive rental yield. 


Visit: www.bnbthesmartway.com to get more Airbnb bookings. 

Listings: www.airbnb.com/h/openhearthgreenville 


Vacation Rental Career (00:57)

  • First property: 2018 Aug
  • First co-hosting: 2019 May
  • Six co-hosting properties: 2020 Mar
  • Owner of Airbnb marketing agency - www.bnbthesmartway.com

    • Key numbers (6:10)

    • Target minimum $160 per night / 65% occupancy rate
    • In average $3,500 - $4,000 per month in revenue (Assumed $170 / 75% occupancy rate = 3,888) (8:40)
    • In Greenville, you can get a 2bedroom house around $200,000 (7:10)

      • About her business (9:25)

      • Run Facebook Ads to keep their Airbnb Search ranking up.

        • Software (11:15)

        • Yourporterapp.com
        • Turoverbnb.com
        • Pricelabs.co

          • Reasons why Renee is co-hosting instead of rental arbitrage (12:45)

          How does she find co-hosts? (13:30)

          • Networking
          • Member of BSI (Business Network International)

            • Airbnb tips (14:48)

            • A comprehensive 5-6 pages checklist of everything that needs to be in the house
            • Small things like ice cream scoop, snacks, water, soda, welcome message on the fridge, 25-page guide book.
            • Extension cords wherever needed for guests convenience (eg. near a bed)
            • Beach towels for pet owners
            • Dog dishes, dog house.


              • Podcast sponsored by Airbitcs - find more interviews here.

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