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Dr. Jerry, you got the whole world waiting.

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Been ready for you to start the conversation.

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No point of view, we've got the haters confused.

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Leave it up to you to bring us all the good news.

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Positive five lives and a sixth appeal too.

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Dr. Andre Jerry, can I get an interview?

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You, you, you, you, you, you, you, you, you, you.

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Good evening, you are live with Dr. Andre.

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Thank you for tuning in to our show tonight.

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And for supporting the Artist First radio network.

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We sincerely appreciate your listenership.

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For my friends in Puerto Rico who are tuning in,

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gracias por su apoyo siempre.

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Y pito felicidades por tu vida nueva.

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Okay, so for tonight's show,

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we're gonna be discussing Airbnb

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and how you can leverage your living space

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to generate an additional stream of income

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for your household.

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Or add to your existing real estate portfolio.

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But first, how has everyone been doing?

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I hope everyone has been enjoying this very hot summer

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that we've been having so far.

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We have temperatures rising in record triple digits

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across the U.S.

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which has led to a lot of cases of heat exhaustion,

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heat strokes and heat related deaths

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which are on the rise already this summer.

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So you guys be really careful out there, stay cool,

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drink plenty of water and check in on your loved ones.

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You know, especially if they're elderly

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or sick and shut in due to illness.

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I read an article recently on USA Today

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about a man in Cincinnati who unfortunately died

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in his home from heat exhaustion.

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Isn't that terrible?

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The article didn't really mention his age

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but I'm guessing he was probably elderly,

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maybe living alone, clearly didn't have air conditioning

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and was just overcome by the heat.

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And you know, according to studies,

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most of these heat related deaths occur at home.

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And I know we often take it for granted

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but not everyone has air conditioning in their homes.

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Or they do have it but can't really afford to run it

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because they might be on a fixed income.

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And you know how high utility bills can get during the summer

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when we're running our AC and we're trying to keep our homes

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cool or at least comfortable.

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So when we read or hear about people who've died

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in these heat waves we often think, or at least I do,

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oh they must have been outside in this extreme heat

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or outdoors exercising.

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No, not necessarily.

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The data has proven that it happens at home most times.

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And remember a lot of people already have underlying

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health issues going on.

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It's difficult for even a healthy person

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to cope with extreme heat.

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I was out on the tennis court yesterday

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with a friend of mine and the heat was just incredible.

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And if we weren't on the shady side of the court,

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I don't think we would have been able to stay out there

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very long.

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It was so hot.

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So you can imagine if you're elderly or have

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an underlying health issue like high blood pressure

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or asthma or something, obesity, that extreme heat

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is only going to exasperate those ailments.

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So be sure to check in with your loved ones.

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Ask them, hey, how are you coping in this heat?

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Are you feeling OK?

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Is your AC working pretty good?

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Do you need me to call a repairman for you?

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Do you have plenty of water?

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Maybe drop them off a pack of bottled water or something,

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or at least make the offer.

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Little things like that can make people feel less alone.

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And like someone cares about them.

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And a lot of people feel like their pride is all they have left.

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They don't really want to ask anybody for help

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or be a bother to anyone.

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So take a little time to check on that aunt or uncle who

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gets on your nerves sometimes.

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Yours may be the only call they get that day.

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So aside from it being the hottest part of the year,

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summer is also the start of vacation season for many of us,

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which means there are going to be a lot of travel

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over the next few months.

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Some of you may have already traveled this year

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and this summer.

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But according to various sources,

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Americans are expected to spend a significant amount

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of money on travel this year.

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And they're predicting that it's going to be the most expensive

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summer for travelers yet.

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A recent Nerd Wallet survey indicated

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that Americans are expected to spend, on average,

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about $3,600 on flights and hotels,

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totaling over $400 billion.

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That's how much is estimated to be spent just

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by Americans alone on travel this year, over $400 billion.

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That's a lot of money.

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So the question I have, because I'm always

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thinking about different ways on how to make money,

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how much of that $400 billion can I redirect back to my pockets?

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So we already know that a good portion of that money

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is slated to be spent on hotels, right?

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Well, did you know there's a growing large segment of travelers

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who are now opting to stay in home rentals over hotels?

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So yeah, this has been a growing trend over the years

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for a number of reasons, because travelers, vacationers,

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they're looking for more customized options

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for their accommodations.

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They want more amenities.

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They want more space.

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They want to be comfortable.

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They want to be cramped into a hotel room during their stay.

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They want a more personalized travel experience.

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And they want a glimpse of what the local culture is like.

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They don't want to stay in a tourist area.

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For larger groups, staying in a home rental

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can equate to more cost savings.

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And even if you're a single traveler, in most cases,

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you can get a home rental for cheaper

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than you can get a hotel.

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So with all of that in mind, I think

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that presents an opportunity for enterprising individuals

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to cash in on some of those travel dollars that

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are going to be spent this year.

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And don't misunderstand what I'm saying.

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Overall, most travelers still prefer hotels.

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But like I said, home rentals are becoming increasingly

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popular with each year that passes.

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So let's talk about home rentals.

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What exactly are they?

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OK, it's simple.

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Basically, home rentals are when people rent out

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their entire home or a section of their home

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to travelers and vacationers.

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That's it.

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And most of us have heard of Verbo and Airbnb.

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Well, those are the two top home rental platforms,

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like by a long shot.

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But for the purposes of tonight's discussion,

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I'm going to focus on Airbnb specifically,

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because that's a platform that I'm most familiar with,

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and that's the one that I use for my business.

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And so as you may recall, a few episodes back,

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I talked about how when I returned from Saudi last year,

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I briefly stayed with my friend and his girlfriend, who

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operated Airbnb out of their home.

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And that was a disaster, by the way,

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and not the best decision on my part.

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I'm not even going to get into it.

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But if you want to know the details about what happened

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with that, go back and replay episode 17.

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And you can get a good laugh.

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But anyway, I want to begin our discussion on Airbnb

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by telling you the same thing that my friend told me.

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You're leaving money on the table.

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If you have extra rooms in your house that you're not using,

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you're leaving money on the table.

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Now, I'll be honest, it's not a fit for everybody.

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If you're anti-social, if you're a germaphobe,

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or if you have some level of OCD with cleanliness

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or the placement of things, or if you're just not good with people

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or we're sharing your space with others,

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then I'll be honest, it's not going to work for you.

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I wouldn't even waste your time with Airbnb.

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But if you don't have any type of weird quirks

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and you're fairly sociable and you have extra rooms

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in your house or apartment, then yes, you could very well

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be leaving money on the table.

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So if you've been looking for a side hustle or ways

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to supplement your income and you've

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been thinking about starting your own Airbnb business,

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but not exactly sure how to get started or afraid to get started,

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or if you just need a good laugh tonight, then stick around

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for the rest of the show.

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So my friend, who I mentioned earlier,

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he had been on me for years about starting an Airbnb business.

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And as a real estate investor and entrepreneur,

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I'm no stranger to operating a business.

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But I think the reason why I procrastinated so long

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on doing this is because of all the reasons I gave myself

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as to why it wouldn't work.

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I told myself that this particular city wouldn't

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be a profitable city to do an Airbnb.

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I kind of had the idea that it had to be in Atlanta or San

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Francisco that a medium size or smaller town wouldn't do as well.

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I told myself that finding a property manager for this type

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of short-term rental would be too difficult.

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What else did I say?

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Yes, they might damage my property.

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I'd have to hire a cleaning service.

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And I just, I wasn't sure how I could make this work

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if I'm overseas most of the year.

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So I had generated all of these concerns in my mind.

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And they were valid.

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They were valid concerns.

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But they were somewhat still rooted in fear a bit.

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And it kept me from really taking a look at Airbnb

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as another stream of income for my real estate investment

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business.

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And then there was also the timing aspect of it all.

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Things happen in the season they're supposed to happen in.

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But if I'm being all the way honest,

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I was procrastinating because I was afraid.

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I was afraid to try something different.

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I had experience with long-term rentals

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and with being a traditional landlord.

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But short-term rentals were different.

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It kind of scared me a little bit

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because they're more fast-paced.

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There'd be more quicker turnover than with traditional rentals

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where you've got someone staying for on the low end six

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months.

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But you've got in traditional rentals,

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you've got people staying for a year, two, three years.

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So with short-term rentals, of course,

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you have the potential for a higher profit

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because of the high turnover.

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But on the flip side, there's more effort involved with that.

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And there's more stress, more work.

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So I just wasn't ready.

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I wasn't ready to get into short-term rentals just yet.

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But sometimes life will give you a little push,

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a little nudge that will make you to force you to make changes

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even when you think you're not ready.

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And that's what happened in my case.

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So if you remember, just last year,

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I was staying at my friend's house

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in one of his Airbnb bedrooms.

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Had his girlfriend not been such a witch

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and made everyone's life a living hell,

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I'd probably still be staying in his Airbnb

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right now instead of operating my own Airbnb today.

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Because I had planned to stay much longer.

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But because the girlfriend was such a nightmare to live with,

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I ended up getting a two-bedroom apartment, which

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ended up being my first Airbnb property, rather.

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Now, when I made the decision to move out and get an apartment,

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I had every intention of using it for Airbnb.

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I did.

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That's why I opted for a two-bedroom apartment

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instead of a one-bedroom or a studio.

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I remember being very intentional about that

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because I was already super pissed that I

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had to change my plans.

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Because I was supposed to stay with my friend for a year.

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I was going to stay for a year, stack my money,

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and buy another house around the fall of this year.

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And then eventually convert that property

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into another rental property once I went back overseas.

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But his girlfriend started really acting up.

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And I ended up having to regroup and reassess my plan

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and spend money up.

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Didn't plan on spending to pay all the expenses that

260
00:14:37,900 --> 00:14:41,300
come with leasing an apartment.

261
00:14:41,300 --> 00:14:44,620
Application fees, a security deposit.

262
00:14:44,620 --> 00:14:48,060
You got to pay the first couple of months rent, utilities,

263
00:14:48,060 --> 00:14:50,500
moving expenses, just everything.

264
00:14:50,500 --> 00:14:52,900
So yeah, I was pissed.

265
00:14:52,900 --> 00:14:53,460
I was pissed.

266
00:14:53,460 --> 00:14:55,020
And I was like, you know what?

267
00:14:55,020 --> 00:14:57,780
If I have to spend money for an apartment,

268
00:14:57,780 --> 00:14:59,460
then you better be damn sure I'm going

269
00:14:59,460 --> 00:15:02,460
to find a way to make money with it.

270
00:15:02,460 --> 00:15:06,020
And so I mean, that's how my Airbnb journey began.

271
00:15:06,020 --> 00:15:12,220
It kind of began out of inconvenience and discomfort.

272
00:15:12,220 --> 00:15:15,740
And I had a sheer determination, though,

273
00:15:15,740 --> 00:15:20,100
to turn lemons into lemonade.

274
00:15:20,100 --> 00:15:24,860
And just keeping it real, I really

275
00:15:24,860 --> 00:15:27,580
shouldn't even been staying with my friend and his girlfriend

276
00:15:27,580 --> 00:15:29,500
in the first place.

277
00:15:29,500 --> 00:15:30,220
I shouldn't.

278
00:15:30,220 --> 00:15:32,460
Not at 44 years old.

279
00:15:32,460 --> 00:15:37,100
Because it would be one thing if I didn't have any place else

280
00:15:37,100 --> 00:15:40,260
to go or was struggling financially.

281
00:15:40,260 --> 00:15:42,300
But none of that was the case.

282
00:15:42,300 --> 00:15:44,620
I had just came from overseas.

283
00:15:44,620 --> 00:15:49,260
I had plenty of resources to do whatever or live wherever

284
00:15:49,260 --> 00:15:51,580
I wanted.

285
00:15:51,580 --> 00:15:55,180
But because I had become so spoiled from not having

286
00:15:55,180 --> 00:16:00,100
to pay bills and living virtually expense-free overseas,

287
00:16:00,100 --> 00:16:05,700
when I came back home, I opted for the path of least resistance.

288
00:16:05,700 --> 00:16:08,260
And plus, I knew that my friend and I

289
00:16:08,260 --> 00:16:10,180
that we would have a great time.

290
00:16:10,180 --> 00:16:11,900
You know, I was comfortable staying in this place.

291
00:16:11,900 --> 00:16:14,100
I stayed there before.

292
00:16:14,100 --> 00:16:19,420
And I also think I was trying to relive or recreate

293
00:16:19,420 --> 00:16:23,180
a moment in time that had come and gone.

294
00:16:23,180 --> 00:16:28,380
So back when my friend and I were roommates,

295
00:16:28,380 --> 00:16:29,780
we had a really great time.

296
00:16:29,780 --> 00:16:30,620
We had the best time.

297
00:16:30,620 --> 00:16:32,420
We had so much fun.

298
00:16:32,420 --> 00:16:36,380
But that was nearly a decade ago.

299
00:16:36,380 --> 00:16:39,180
Life for both of us is much different now.

300
00:16:39,180 --> 00:16:40,420
He's older.

301
00:16:40,420 --> 00:16:42,140
I'm older.

302
00:16:42,140 --> 00:16:45,860
We're both in committed relationships now.

303
00:16:45,860 --> 00:16:48,140
We both have a different mindset.

304
00:16:48,140 --> 00:16:50,100
It's just different.

305
00:16:50,100 --> 00:16:55,020
So sometimes, and I talked about this during my last episode

306
00:16:55,020 --> 00:16:59,020
when we talked about the psychology of money.

307
00:16:59,020 --> 00:17:00,340
Sometimes you have to pay attention

308
00:17:00,340 --> 00:17:03,780
to the psychology behind your behavior

309
00:17:03,780 --> 00:17:06,060
and the decisions that you make.

310
00:17:06,060 --> 00:17:10,380
And for me, and I know I'm getting off the topic a bit here,

311
00:17:10,380 --> 00:17:16,540
but for me, I know I can be very nostalgic.

312
00:17:16,540 --> 00:17:21,580
Like, for example, if there was a particular time or area

313
00:17:21,580 --> 00:17:26,180
in my life where I was very happy,

314
00:17:26,180 --> 00:17:29,060
it's hard for me to let go of that.

315
00:17:29,060 --> 00:17:34,500
Like, I will hold on to people and places and things

316
00:17:34,500 --> 00:17:39,060
for way too long, even if they no longer serve me,

317
00:17:39,060 --> 00:17:46,020
all in an effort to hold on to a moment in time that has passed.

318
00:17:46,020 --> 00:17:53,340
And I'm just realizing on air, that's exactly what I did

319
00:17:53,340 --> 00:17:56,740
when I moved into my friend's house last year.

320
00:17:56,740 --> 00:17:58,660
When I knew I was coming back to the States,

321
00:17:58,660 --> 00:18:02,500
I should have rented me a house or an apartment

322
00:18:02,500 --> 00:18:05,020
until I was ready to buy another house.

323
00:18:05,020 --> 00:18:07,260
Had I done that, I think I would have

324
00:18:07,260 --> 00:18:10,260
avoided a lot of headaches.

325
00:18:10,260 --> 00:18:12,500
But it's all good.

326
00:18:12,500 --> 00:18:16,020
If you believe in God and trust in God,

327
00:18:16,020 --> 00:18:21,700
He can take even our missteps and what the devil intended

328
00:18:21,700 --> 00:18:23,260
to be a stumbling block.

329
00:18:23,260 --> 00:18:25,780
And He can repurpose it and turn it

330
00:18:25,780 --> 00:18:31,220
into a stepping stone for success in spite of ourselves

331
00:18:31,220 --> 00:18:32,220
and what we got going on.

332
00:18:32,220 --> 00:18:34,180
He can do it for His glory.

333
00:18:34,180 --> 00:18:35,340
Yes, He can.

334
00:18:35,340 --> 00:18:38,700
So that's sort of the backstory as to how

335
00:18:38,700 --> 00:18:41,780
I got started with my Airbnb business.

336
00:18:41,780 --> 00:18:46,660
I wasn't quite ready, but God frustrated my plans

337
00:18:46,660 --> 00:18:51,660
and He forced me into a situation where I had to make a move.

338
00:18:51,660 --> 00:18:58,140
So before you start an Airbnb business,

339
00:18:58,140 --> 00:19:02,820
it's very important that you remember

340
00:19:02,820 --> 00:19:05,780
that this is first and foremost a business.

341
00:19:05,780 --> 00:19:06,540
It's a business.

342
00:19:06,540 --> 00:19:09,260
Yes, you're going to be partnering with Airbnb.

343
00:19:09,260 --> 00:19:10,820
You're using their platform.

344
00:19:10,820 --> 00:19:12,620
You're using their marketing.

345
00:19:12,620 --> 00:19:16,700
But you are the one that's going to be doing the heavy lifting.

346
00:19:16,700 --> 00:19:20,500
You're going to have to make sure you have great communication

347
00:19:20,500 --> 00:19:22,940
with your guests, make sure they have everything

348
00:19:22,940 --> 00:19:26,780
that they need to have a comfortable visit.

349
00:19:26,780 --> 00:19:31,420
You're going to be recommending places to eat, entertainment.

350
00:19:31,420 --> 00:19:33,740
If they're unfamiliar with the area,

351
00:19:33,740 --> 00:19:37,740
you're going to have to reinforce your house rules.

352
00:19:37,740 --> 00:19:40,300
And you have to make sure they don't disturb other guests

353
00:19:40,300 --> 00:19:44,300
and cause a disturbance to the community.

354
00:19:44,300 --> 00:19:48,860
So there's a lot that goes into being a good host.

355
00:19:48,860 --> 00:19:52,820
And there are a couple of ways you can approach hosting.

356
00:19:52,820 --> 00:19:57,420
It just depends on what your circumstances are.

357
00:19:57,420 --> 00:20:02,100
You can host a guest in the same house that you live in,

358
00:20:02,100 --> 00:20:04,740
which is how I started out.

359
00:20:04,740 --> 00:20:10,140
Or you can host remotely from an entirely different location,

360
00:20:10,140 --> 00:20:14,060
which is how I run my business today.

361
00:20:14,060 --> 00:20:16,220
Of course, if you're just starting out,

362
00:20:16,220 --> 00:20:19,340
I would recommend in-house hosting

363
00:20:19,340 --> 00:20:23,620
until you can gain your footing and gain some experience

364
00:20:23,620 --> 00:20:26,220
being a host.

365
00:20:26,220 --> 00:20:29,180
Now, I had a bit of an itch when I started out,

366
00:20:29,180 --> 00:20:33,300
because I stayed at my friend's Airbnb a couple of times.

367
00:20:33,300 --> 00:20:38,220
So I knew what was behind the curtain, so to speak,

368
00:20:38,220 --> 00:20:42,620
and what was required of a host.

369
00:20:42,620 --> 00:20:47,980
And by the way, that's a great way to get a feel for whether or not

370
00:20:47,980 --> 00:20:50,900
this is something you actually want to do.

371
00:20:50,900 --> 00:20:54,580
I would look into booking an Airbnb.

372
00:20:54,580 --> 00:20:55,740
Doesn't have to be out of town.

373
00:20:55,740 --> 00:20:57,780
It could be even locally in your own town.

374
00:20:57,780 --> 00:21:02,540
Just to see for yourself what it's like to be a guest.

375
00:21:02,540 --> 00:21:04,980
And then when you do that, make sure

376
00:21:04,980 --> 00:21:09,140
you pay very close attention to the details of your visit.

377
00:21:09,140 --> 00:21:10,740
And take note.

378
00:21:10,740 --> 00:21:12,900
Take note of all the things that you'd

379
00:21:12,900 --> 00:21:15,220
like to implement in your business,

380
00:21:15,220 --> 00:21:20,460
or jot down things that you would improve upon.

381
00:21:20,460 --> 00:21:22,980
This type of stuff will help you to understand your guests

382
00:21:22,980 --> 00:21:24,460
better once you have them.

383
00:21:24,460 --> 00:21:29,820
And it will help you to improve your skills as a host.

384
00:21:29,820 --> 00:21:35,220
And when you have a guest, it's very much

385
00:21:35,220 --> 00:21:38,860
like having your in-laws over for the first time.

386
00:21:38,860 --> 00:21:40,140
When you have your first guest, you're

387
00:21:40,140 --> 00:21:41,180
going to be very nervous.

388
00:21:41,180 --> 00:21:43,140
It's just normal.

389
00:21:43,140 --> 00:21:45,500
But it's just like having in-laws over.

390
00:21:45,500 --> 00:21:47,420
You're going to go out of your way

391
00:21:47,420 --> 00:21:49,780
to make sure that they're comfortable,

392
00:21:49,780 --> 00:21:51,420
that they have an enjoyable stay,

393
00:21:51,420 --> 00:21:53,020
make sure they have everything they need.

394
00:21:53,020 --> 00:21:54,340
It's the same concept.

395
00:21:57,740 --> 00:22:05,220
If you have kids in the house, like anyone under the age of 20,

396
00:22:05,220 --> 00:22:10,540
I personally wouldn't do an Airbnb.

397
00:22:10,540 --> 00:22:15,260
There are a lot of reasons I can give you as to why.

398
00:22:15,260 --> 00:22:18,340
But just don't.

399
00:22:18,340 --> 00:22:23,180
It's not worth the potential risk of anything going awry.

400
00:22:23,180 --> 00:22:26,300
But if you have a spouse or other adults

401
00:22:26,300 --> 00:22:30,060
that live in your home, then definitely make sure everyone

402
00:22:30,060 --> 00:22:34,380
understands that we're now operating a business

403
00:22:34,380 --> 00:22:37,820
inside the home, which means that everyone

404
00:22:37,820 --> 00:22:43,020
will need to govern themselves accordingly

405
00:22:43,020 --> 00:22:44,980
when they're guest present.

406
00:22:44,980 --> 00:22:49,340
And so getting everyone on the same page

407
00:22:49,340 --> 00:22:52,300
and getting everyone's buy-in from the onset

408
00:22:52,300 --> 00:22:55,820
is going to be really important.

409
00:22:55,820 --> 00:23:00,100
You also need to decide upfront whether you

410
00:23:00,100 --> 00:23:03,380
want to run your Airbnb as a sole proprietor

411
00:23:03,380 --> 00:23:05,940
or as a corporation.

412
00:23:05,940 --> 00:23:09,660
Because when you're creating your host account with Airbnb,

413
00:23:09,660 --> 00:23:11,540
that's one of the first questions

414
00:23:11,540 --> 00:23:13,700
that they're going to ask you.

415
00:23:13,700 --> 00:23:16,700
Because Airbnb is required by law

416
00:23:16,700 --> 00:23:21,460
to report all earnings from your Airbnb to the IRS.

417
00:23:21,460 --> 00:23:23,300
So you'll either be providing them

418
00:23:23,300 --> 00:23:28,020
with your social security number or your company's employer

419
00:23:28,020 --> 00:23:29,220
identification number.

420
00:23:29,220 --> 00:23:34,940
For specific details on which option is more advantageous

421
00:23:34,940 --> 00:23:37,380
for tax purposes, you'll definitely

422
00:23:37,380 --> 00:23:40,380
want to consult with your tax advisor or accountant

423
00:23:40,380 --> 00:23:41,540
about that.

424
00:23:41,540 --> 00:23:46,540
Personally, I'm running my Airbnb under an LLC.

425
00:23:46,540 --> 00:23:48,980
But you have to decide the best option

426
00:23:48,980 --> 00:23:51,940
for your particular situation.

427
00:23:51,940 --> 00:23:57,340
Now, like most people, I had a few misconceptions

428
00:23:57,340 --> 00:24:01,740
about Airbnb that weren't exactly true.

429
00:24:01,740 --> 00:24:04,420
This was way before even my friend started

430
00:24:04,420 --> 00:24:07,220
his Airbnb business.

431
00:24:07,220 --> 00:24:11,460
And back when we first started to see sort of a shift

432
00:24:11,460 --> 00:24:15,620
in short-term rental markets, and Airbnb

433
00:24:15,620 --> 00:24:18,780
was just starting to disrupt the hotel industry

434
00:24:18,780 --> 00:24:25,220
and stuff like that, I didn't know that you could open up

435
00:24:25,220 --> 00:24:32,260
an Airbnb in your home if you were living in your home.

436
00:24:32,260 --> 00:24:35,660
I thought it had to be an unoccupied home.

437
00:24:35,660 --> 00:24:39,700
I did not know that you could stay there with your guests.

438
00:24:39,700 --> 00:24:44,060
And I know some of you are like Dr. Andre Duh.

439
00:24:44,060 --> 00:24:46,460
That's the whole premise of the entire platform.

440
00:24:46,460 --> 00:24:49,140
But look, I didn't know.

441
00:24:49,140 --> 00:24:50,580
I didn't know what I didn't know.

442
00:24:50,580 --> 00:24:53,460
And I also didn't know that you could just

443
00:24:53,460 --> 00:24:56,540
list a space in your home.

444
00:24:56,540 --> 00:25:01,300
Like, it doesn't have to be an entire bedroom or a bedroom

445
00:25:01,300 --> 00:25:02,380
at all.

446
00:25:02,380 --> 00:25:05,300
I'll give you an example.

447
00:25:05,300 --> 00:25:10,140
You could take a walk-in closet and repurpose it

448
00:25:10,140 --> 00:25:14,460
as a makeshift sleeping space with a little futon

449
00:25:14,460 --> 00:25:18,300
or an air mattress, put a little lamp in there,

450
00:25:18,300 --> 00:25:22,900
maybe a small TV, and list that on Airbnb.

451
00:25:22,900 --> 00:25:25,660
And as long as it's priced accordingly,

452
00:25:25,660 --> 00:25:28,460
it will get booked.

453
00:25:28,460 --> 00:25:30,580
I know that seems like an extreme example,

454
00:25:30,580 --> 00:25:35,020
but you really be surprised at what types of spaces

455
00:25:35,020 --> 00:25:37,180
people list on Airbnb.

456
00:25:37,180 --> 00:25:40,340
Just download the app on your phone,

457
00:25:40,340 --> 00:25:44,220
and you'll see for yourself what type of listings are offered

458
00:25:44,220 --> 00:25:48,260
right there in your own city and in what the daily rate is

459
00:25:48,260 --> 00:25:49,340
for it.

460
00:25:49,340 --> 00:25:52,140
And I promise you, you're going to be like,

461
00:25:52,140 --> 00:25:56,220
they charged $50 a night for that?

462
00:25:56,220 --> 00:25:59,220
I know I can offer something better than that.

463
00:25:59,220 --> 00:26:01,700
And if somebody's Airbnb, I'll be honest with you,

464
00:26:01,700 --> 00:26:05,500
they look a mess, and they get booked.

465
00:26:05,500 --> 00:26:10,380
I mean, we talked about $50, $60 a night, $1,200,

466
00:26:10,380 --> 00:26:15,860
up to $1,700 per month, which brings up another point.

467
00:26:15,860 --> 00:26:19,620
Before you get into this, you need

468
00:26:19,620 --> 00:26:25,260
to decide how often you want to have guests in your home.

469
00:26:25,260 --> 00:26:27,860
That's another reason why I procrastinated so long on this,

470
00:26:27,860 --> 00:26:32,220
because I didn't know that you could tailor

471
00:26:32,220 --> 00:26:36,500
how long your guests could stay.

472
00:26:36,500 --> 00:26:38,580
I mean, I knew you could block out certain dates

473
00:26:38,580 --> 00:26:41,180
that you wouldn't be at home, like, for example,

474
00:26:41,180 --> 00:26:44,060
if you're going to be out of town for a couple of days.

475
00:26:44,060 --> 00:26:47,820
But I didn't know that you could fully customize your bookings

476
00:26:47,820 --> 00:26:52,660
according to your preference in terms of how long or short

477
00:26:52,660 --> 00:26:55,540
your guests stayed or what you preferred.

478
00:26:55,540 --> 00:26:59,500
Because at first, I was like, I don't really

479
00:26:59,500 --> 00:27:03,220
want people in and out of my house every two or three days,

480
00:27:03,220 --> 00:27:06,220
because that's a lot of wear and tear on your property.

481
00:27:06,220 --> 00:27:11,420
And it also attracts too much unnecessary attention,

482
00:27:11,420 --> 00:27:14,020
especially if you live like in an apartment community.

483
00:27:14,020 --> 00:27:17,900
I'll touch on that later on in the show.

484
00:27:17,900 --> 00:27:21,660
But it wasn't until I actually got on the platform

485
00:27:21,660 --> 00:27:25,420
and I started listing my space that I understood, oh, wait,

486
00:27:25,420 --> 00:27:28,700
damn, you can really customize this thing

487
00:27:28,700 --> 00:27:33,980
and set it to where guests have to stay a minimum of five

488
00:27:33,980 --> 00:27:38,300
or six or seven nights or whatever.

489
00:27:38,300 --> 00:27:40,820
So I thought about it.

490
00:27:40,820 --> 00:27:46,420
And for my business model, I preferred long-term guests.

491
00:27:46,420 --> 00:27:51,340
So I set my minimum stay at 30 days.

492
00:27:51,340 --> 00:27:53,660
And I know some of you are probably thinking,

493
00:27:53,660 --> 00:27:57,540
who is going to book an Airbnb for 30 days for that long?

494
00:27:57,540 --> 00:27:59,060
A lot of people.

495
00:27:59,060 --> 00:28:01,620
You'd be surprised.

496
00:28:01,620 --> 00:28:04,740
I just started this in April.

497
00:28:04,740 --> 00:28:07,700
And I've had a total of three guests so far.

498
00:28:07,700 --> 00:28:11,260
One gentleman booked for 30 days.

499
00:28:11,260 --> 00:28:14,340
He was having a house built in the area.

500
00:28:14,340 --> 00:28:19,500
And he needed a room until he closed on his property.

501
00:28:19,500 --> 00:28:22,420
The other two, who I'm still hosting,

502
00:28:22,420 --> 00:28:24,340
they're both long-term guests.

503
00:28:24,340 --> 00:28:26,580
They're staying for five months.

504
00:28:26,580 --> 00:28:29,900
They're both graduate students here in town.

505
00:28:29,900 --> 00:28:31,500
They're just in town temporarily until they

506
00:28:31,500 --> 00:28:34,140
complete their internships.

507
00:28:34,140 --> 00:28:35,740
So the point I'm trying to make here

508
00:28:35,740 --> 00:28:39,580
is that there is a market for whatever

509
00:28:39,580 --> 00:28:43,660
niche works best for your business model.

510
00:28:43,660 --> 00:28:47,980
There are plenty of people who only need a place for two

511
00:28:47,980 --> 00:28:51,140
or three days or maybe a week tops.

512
00:28:51,140 --> 00:28:54,060
And that may work best for you.

513
00:28:54,060 --> 00:29:00,940
But if you prefer longer stays and a steadier revenue stream,

514
00:29:00,940 --> 00:29:06,180
then a minimum 30-night stay or 15-night stay

515
00:29:06,180 --> 00:29:08,420
may be a better option for you.

516
00:29:08,420 --> 00:29:13,100
But just keep in mind that it's fully customizable

517
00:29:13,100 --> 00:29:17,060
and that there is a market for virtually any approach

518
00:29:17,060 --> 00:29:21,100
that you want to take with your bookings.

519
00:29:21,100 --> 00:29:23,100
But we're going to pause here.

520
00:29:23,100 --> 00:29:26,380
And we're going to take a brief commercial break.

521
00:29:26,380 --> 00:29:29,420
When we come back, we're going to talk more in detail

522
00:29:29,420 --> 00:29:33,700
about tips and best practices on getting your property set up

523
00:29:33,700 --> 00:29:36,860
for success and things you can do to ensure

524
00:29:36,860 --> 00:29:39,660
a positive experience for your guests.

525
00:29:39,660 --> 00:29:43,580
And I'll also warn you of some common pitfalls to avoid.

526
00:29:43,580 --> 00:29:46,660
And I'll share a funny story about something that happened

527
00:29:46,660 --> 00:29:48,140
with one of my listings.

528
00:29:48,140 --> 00:29:49,140
So stay tuned.

529
00:29:49,140 --> 00:29:50,900
We'll be right back.

530
00:29:50,900 --> 00:29:52,180
Hey, ladies.

531
00:29:52,180 --> 00:29:55,100
Have you ever dated a married man?

532
00:29:55,100 --> 00:29:59,020
Have you ever thought to yourself, that would never be me?

533
00:29:59,020 --> 00:30:02,100
Have you ever wondered, how could she?

534
00:30:02,100 --> 00:30:06,420
Have you ever said, she should be ashamed of herself?

535
00:30:06,420 --> 00:30:09,420
Well, I used to say those same things.

536
00:30:09,420 --> 00:30:12,580
And I've pointed fingers that I don't point anymore.

537
00:30:12,580 --> 00:30:16,060
Because now, I am that other woman.

538
00:30:16,060 --> 00:30:18,900
What do you do when you meet a man that makes you question

539
00:30:18,900 --> 00:30:21,140
everything you thought was wrong?

540
00:30:21,140 --> 00:30:24,540
Where do you go when life has led you into a dark place,

541
00:30:24,540 --> 00:30:28,420
where society frowns upon you, and even your own mother

542
00:30:28,420 --> 00:30:30,540
is disappointed in you?

543
00:30:30,540 --> 00:30:33,140
Who do you turn to for guidance and support,

544
00:30:33,140 --> 00:30:36,300
when there's no one you can share your secret with?

545
00:30:36,300 --> 00:30:39,460
Life is more complex than the list of rules you've

546
00:30:39,460 --> 00:30:41,180
been taught throughout the years.

547
00:30:41,180 --> 00:30:44,620
Situations are not always black and white.

548
00:30:44,620 --> 00:30:46,940
Sometimes, your mind and your heart

549
00:30:46,940 --> 00:30:48,660
don't want the same thing.

550
00:30:48,660 --> 00:30:52,500
And you find yourself in a battle between right and wrong.

551
00:30:52,500 --> 00:30:55,540
I never understood how women got themselves

552
00:30:55,540 --> 00:30:59,780
in these situations until I was that woman.

553
00:30:59,780 --> 00:31:03,620
We don't always seek the circumstances we end up in.

554
00:31:03,620 --> 00:31:06,260
Although many people may not understand,

555
00:31:06,260 --> 00:31:08,940
there are some that do.

556
00:31:08,940 --> 00:31:12,060
If you ever find yourself dealing with a forbidden love,

557
00:31:12,060 --> 00:31:15,380
how to date a married man 10 rules of engagement written

558
00:31:15,380 --> 00:31:18,580
by Dr. Andre Gerry is a must read.

559
00:31:18,580 --> 00:31:21,460
It's not comprised of judgments and lectures,

560
00:31:21,460 --> 00:31:25,100
but rather rules of engagement that you must apply

561
00:31:25,100 --> 00:31:28,540
when you find yourself the other woman in his life.

562
00:31:28,540 --> 00:31:30,180
Ready to learn more?

563
00:31:30,180 --> 00:31:33,620
The controversial new book, How to Date a Married Man, 10

564
00:31:33,620 --> 00:31:36,940
Rules of Engagement written by relationship expert Dr.

565
00:31:36,940 --> 00:31:40,940
Andre Gerry is now available for sale exclusively

566
00:31:40,940 --> 00:31:43,180
on Amazon and Kindle.

567
00:31:43,180 --> 00:31:45,900
You're back live with Dr. Andre Gerry.

568
00:31:48,780 --> 00:31:49,460
Hey, everyone.

569
00:31:49,460 --> 00:31:52,340
Welcome back to live with Dr. Andre.

570
00:31:52,340 --> 00:31:53,820
If you're just joining us, we've

571
00:31:53,820 --> 00:31:58,420
been discussing Airbnb and how you can leverage your living

572
00:31:58,420 --> 00:32:01,140
space to generate an additional stream of income

573
00:32:01,140 --> 00:32:04,820
for your household or add to your existing real estate

574
00:32:04,820 --> 00:32:06,300
portfolio.

575
00:32:06,300 --> 00:32:08,300
So before the break, we were talking

576
00:32:08,300 --> 00:32:11,780
about different ways you can customize your listing

577
00:32:11,780 --> 00:32:13,980
according to your preferences.

578
00:32:13,980 --> 00:32:17,260
And like I mentioned, for my bookings,

579
00:32:17,260 --> 00:32:21,420
I have a minimum stay of 30 days for my guests.

580
00:32:21,420 --> 00:32:26,100
That way, I know I'm booked for the entire month,

581
00:32:26,100 --> 00:32:29,180
and I don't have to worry about having any days during the month

582
00:32:29,180 --> 00:32:31,340
where I'm not booked.

583
00:32:31,340 --> 00:32:34,220
Because remember, if you're not booked,

584
00:32:34,220 --> 00:32:36,500
you're not making money.

585
00:32:36,500 --> 00:32:38,220
So keep that in mind.

586
00:32:38,220 --> 00:32:42,300
And you can also limit the number of additional guests

587
00:32:42,300 --> 00:32:44,780
that people can bring.

588
00:32:44,780 --> 00:32:51,060
For me, I don't allow guests to bring any additional people.

589
00:32:51,060 --> 00:32:52,620
Some hosts don't care about that.

590
00:32:52,620 --> 00:32:57,180
But for me, I prefer for my guests to come alone.

591
00:32:57,180 --> 00:32:59,260
I also don't allow children.

592
00:32:59,260 --> 00:33:03,620
So if a guest has children, then they'll just

593
00:33:03,620 --> 00:33:06,020
have to book somewhere else, because I'm not

594
00:33:06,020 --> 00:33:08,580
dealing with all of that.

595
00:33:08,580 --> 00:33:11,700
But if you do allow additional guests,

596
00:33:11,700 --> 00:33:14,940
then you do have the option to limit

597
00:33:14,940 --> 00:33:17,540
how many additional guests are allowed.

598
00:33:17,540 --> 00:33:23,060
And Airbnb allows you to charge a fee for each additional guest.

599
00:33:23,060 --> 00:33:25,460
And you can set that fee.

600
00:33:25,460 --> 00:33:29,220
And so there are just many other options

601
00:33:29,220 --> 00:33:32,900
in terms of how you can customize your bookings.

602
00:33:32,900 --> 00:33:34,300
I'm not going to go over all of them,

603
00:33:34,300 --> 00:33:37,180
because there are just too many to name.

604
00:33:37,180 --> 00:33:39,900
But just be aware that you do have options

605
00:33:39,900 --> 00:33:44,460
as it relates to how you want to set up your Airbnb business.

606
00:33:44,460 --> 00:33:48,860
You're not locked into some rigid construct that's

607
00:33:48,860 --> 00:33:52,420
set by Airbnb that you're going to have to follow.

608
00:33:52,420 --> 00:33:55,540
It's very host-centric, because hosts

609
00:33:55,540 --> 00:34:01,900
are a critical component of how Airbnb makes money.

610
00:34:01,900 --> 00:34:07,100
So now let's talk about apartments.

611
00:34:07,100 --> 00:34:12,340
Can you have an Airbnb business in an apartment?

612
00:34:12,340 --> 00:34:15,940
Yes, you absolutely can.

613
00:34:15,940 --> 00:34:21,940
Now, does your lease allow you to run an Airbnb?

614
00:34:21,940 --> 00:34:24,300
Probably not.

615
00:34:24,300 --> 00:34:29,220
But like my mom always told me, there's a right way to do wrong.

616
00:34:29,220 --> 00:34:36,100
So if you currently live in an apartment or a condo community

617
00:34:36,100 --> 00:34:39,540
and you want to do this business, it can be done.

618
00:34:39,540 --> 00:34:45,340
But you have to be very discreet.

619
00:34:45,340 --> 00:34:48,740
It's probably not a good idea to go to the leasing office

620
00:34:48,740 --> 00:34:54,100
and say, hey, I'm going to be running an Airbnb in my apartment,

621
00:34:54,100 --> 00:34:56,860
and I want to make sure it's all right with you, God.

622
00:34:56,860 --> 00:34:59,300
No, it's not all right.

623
00:34:59,300 --> 00:35:00,940
It's definitely not.

624
00:35:00,940 --> 00:35:05,100
And as a matter of fact, they will very quickly remind you

625
00:35:05,100 --> 00:35:09,060
that it's likely in violation of your lease agreement

626
00:35:09,060 --> 00:35:12,700
and that you could risk eviction if they find out

627
00:35:12,700 --> 00:35:15,740
that you're subletting your apartment.

628
00:35:15,740 --> 00:35:19,420
Because that's essentially what Airbnb is.

629
00:35:19,420 --> 00:35:24,740
You're subletting a space in your home to a guest.

630
00:35:24,740 --> 00:35:28,500
It doesn't matter if it's two days or for two months.

631
00:35:28,500 --> 00:35:30,260
It's subletting.

632
00:35:30,260 --> 00:35:36,220
And 90% of apartment communities simply will not allow that.

633
00:35:36,220 --> 00:35:40,340
And to an extent, I can understand that.

634
00:35:40,340 --> 00:35:42,860
Because I'm a landlord.

635
00:35:42,860 --> 00:35:46,460
I certainly wouldn't want my tenants to sublet my house

636
00:35:46,460 --> 00:35:49,900
to some other people I don't know.

637
00:35:49,900 --> 00:35:51,020
I've never met.

638
00:35:51,020 --> 00:35:53,060
I haven't been it.

639
00:35:53,060 --> 00:35:56,940
So that subleasing provision in your lease

640
00:35:56,940 --> 00:35:59,580
is intended to protect the property owner

641
00:35:59,580 --> 00:36:02,860
from all sorts of liability.

642
00:36:02,860 --> 00:36:07,020
And OK, so let me be very clear about something.

643
00:36:07,020 --> 00:36:10,940
I'm not advocating for anyone to violate

644
00:36:10,940 --> 00:36:13,260
any contractual agreement.

645
00:36:13,260 --> 00:36:15,980
I'm simply sharing with you some experiences

646
00:36:15,980 --> 00:36:18,940
that I've encountered in this business.

647
00:36:18,940 --> 00:36:21,980
That's my disclaimer.

648
00:36:21,980 --> 00:36:24,580
So again, for apartments, you have

649
00:36:24,580 --> 00:36:29,660
to be very discreet about your business.

650
00:36:29,660 --> 00:36:33,820
It's not the leasing office or your neighbor's concern

651
00:36:33,820 --> 00:36:37,100
who's visiting your apartment.

652
00:36:37,100 --> 00:36:40,300
As long as your guests are respectful

653
00:36:40,300 --> 00:36:43,740
and they're not being a nuisance to the community,

654
00:36:43,740 --> 00:36:45,940
no one should be bothering you.

655
00:36:45,940 --> 00:36:48,500
No one should be questioning your guests.

656
00:36:48,500 --> 00:36:51,820
As a matter of fact, for my Airbnb,

657
00:36:51,820 --> 00:36:56,260
I tell all of my guests, look, direct all questions to me.

658
00:36:56,260 --> 00:36:58,860
Nobody should be asking you anything.

659
00:36:58,860 --> 00:37:01,220
But if they do, you direct them to me.

660
00:37:01,220 --> 00:37:03,500
And as far as they are concerned,

661
00:37:03,500 --> 00:37:06,660
you are a friend visiting from out of town.

662
00:37:06,660 --> 00:37:08,260
It's nobody's business.

663
00:37:08,260 --> 00:37:11,540
Definitely don't say anything about Airbnb.

664
00:37:11,540 --> 00:37:16,180
You have to let your guests know when

665
00:37:16,180 --> 00:37:17,420
you're in that type of situation.

666
00:37:17,420 --> 00:37:18,820
It's just nobody's business.

667
00:37:18,820 --> 00:37:21,580
This is about you getting your money.

668
00:37:21,580 --> 00:37:25,300
But what I would suggest is that you

669
00:37:25,300 --> 00:37:28,180
may want to look into limiting the amount of turnover

670
00:37:28,180 --> 00:37:31,260
for your guests if you're going to operate this business

671
00:37:31,260 --> 00:37:33,340
in an apartment community.

672
00:37:33,340 --> 00:37:34,900
And that's why for my bookings, you

673
00:37:34,900 --> 00:37:36,820
have to stay a minimum of 30 days,

674
00:37:36,820 --> 00:37:41,180
because all of my listings are in apartments.

675
00:37:41,180 --> 00:37:45,380
And I can't afford to have different people coming in

676
00:37:45,380 --> 00:37:49,060
and out of the apartment every two and three days.

677
00:37:49,060 --> 00:37:50,980
That's just going to attract way too much attention.

678
00:37:50,980 --> 00:37:53,060
So you've got to be smart about this.

679
00:37:53,060 --> 00:37:57,180
And then you've got maintenance driving around.

680
00:37:57,180 --> 00:38:02,300
And maintenance is just always a trip wherever you go.

681
00:38:02,300 --> 00:38:05,260
And I'm going to tell you something really.

682
00:38:05,260 --> 00:38:07,940
Let me tell you something about maintenance people

683
00:38:07,940 --> 00:38:10,220
at these apartments.

684
00:38:10,220 --> 00:38:11,620
I'm just going to be real with you.

685
00:38:11,620 --> 00:38:14,020
They're spies.

686
00:38:14,020 --> 00:38:16,100
Let's just cut the BS.

687
00:38:16,100 --> 00:38:17,740
They're spies.

688
00:38:17,740 --> 00:38:21,340
They are the ones that go running back to the leasing

689
00:38:21,340 --> 00:38:26,060
office and telling the property manager all of your business.

690
00:38:26,060 --> 00:38:29,660
This one's got two dogs, and she's only supposed to have one.

691
00:38:29,660 --> 00:38:31,820
And this one's selling drugs, I think.

692
00:38:31,820 --> 00:38:34,660
And I think this one's running an Airbnb.

693
00:38:34,660 --> 00:38:40,140
So be very leery of maintenance professionals.

694
00:38:40,140 --> 00:38:45,580
I don't care how friendly they may seem that they are spies.

695
00:38:45,580 --> 00:38:48,580
And unless you have a good relationship

696
00:38:48,580 --> 00:38:53,060
with the property manager and maybe have an agreement where

697
00:38:53,060 --> 00:38:56,860
you slide him or her a cut under the table,

698
00:38:56,860 --> 00:38:58,940
be discreet as possible.

699
00:38:58,940 --> 00:39:00,780
Keep your business your business.

700
00:39:00,780 --> 00:39:05,700
Set your minimum stay for your guests to at least seven

701
00:39:05,700 --> 00:39:07,660
to 10 days to avoid any issues.

702
00:39:07,660 --> 00:39:11,540
I would recommend 30, but seven to 10 days

703
00:39:11,540 --> 00:39:12,060
is the least.

704
00:39:12,060 --> 00:39:15,940
That way you don't have people coming in and out, in and out.

705
00:39:15,940 --> 00:39:17,380
And let me tell you something else, too.

706
00:39:17,380 --> 00:39:20,580
You've got to watch out for some of these guests, too.

707
00:39:20,580 --> 00:39:23,380
Because somebody will get you messed up with these apartments.

708
00:39:23,380 --> 00:39:26,060
I'm going to tell you a really quick story about what happened

709
00:39:26,060 --> 00:39:26,560
to me.

710
00:39:26,560 --> 00:39:30,980
I booked this guy, and he was supposed

711
00:39:30,980 --> 00:39:34,300
to stay for like 30, 60 days somewhere around there.

712
00:39:34,300 --> 00:39:37,020
It was a long-term stay.

713
00:39:37,020 --> 00:39:39,940
But I should have known from his picture

714
00:39:39,940 --> 00:39:43,060
that he was a little weirdo and just a moron.

715
00:39:43,060 --> 00:39:47,500
But the way Airbnb is set up, they

716
00:39:47,500 --> 00:39:51,620
won't let you see the picture until after the person has

717
00:39:51,620 --> 00:39:52,940
booked with you.

718
00:39:52,940 --> 00:39:55,140
Because that's their mechanism that they put in place

719
00:39:55,140 --> 00:39:57,220
to limit discrimination.

720
00:39:57,220 --> 00:39:58,380
Because a lot of people are like, I

721
00:39:58,380 --> 00:40:00,100
want to rent to any agent.

722
00:40:00,100 --> 00:40:01,780
I want to rent to any blacks.

723
00:40:01,780 --> 00:40:03,980
And so a lot of people were getting discriminated against.

724
00:40:03,980 --> 00:40:05,700
They couldn't get bookings.

725
00:40:05,700 --> 00:40:06,940
Because people were discriminating

726
00:40:06,940 --> 00:40:10,420
based on race and all types of other stuff and gender.

727
00:40:10,420 --> 00:40:15,260
So they put that as a mechanism to prevent you

728
00:40:15,260 --> 00:40:19,300
from trying to say.

729
00:40:19,300 --> 00:40:21,140
So I couldn't see this guy's picture

730
00:40:21,140 --> 00:40:24,780
until after he had confirmed his bookings.

731
00:40:24,780 --> 00:40:26,780
And but once I saw his picture, I was like,

732
00:40:26,780 --> 00:40:28,780
he looks like a fucking weirdo.

733
00:40:28,780 --> 00:40:29,700
And he just did.

734
00:40:29,700 --> 00:40:32,220
He just looked stupid.

735
00:40:32,220 --> 00:40:33,500
Some people just look stupid.

736
00:40:33,500 --> 00:40:36,060
And I was just like, but I was trying to be nice.

737
00:40:36,060 --> 00:40:37,980
I was trying to be fair.

738
00:40:37,980 --> 00:40:40,860
And I just hoped for the best.

739
00:40:40,860 --> 00:40:44,140
But I had an inkling that something was off with him.

740
00:40:44,140 --> 00:40:46,700
But I ignored it, trying to be nice.

741
00:40:46,700 --> 00:40:50,660
And so fast forward a couple of weeks later,

742
00:40:50,660 --> 00:40:54,180
is the day he's supposed to arrive.

743
00:40:54,180 --> 00:40:56,140
You can communicate with him via the app.

744
00:40:56,140 --> 00:40:59,660
All your communication with the guest is via the app.

745
00:40:59,660 --> 00:41:02,300
And Airbnb is monitoring all of this.

746
00:41:02,300 --> 00:41:04,220
So there are some safeguards there with that.

747
00:41:07,100 --> 00:41:08,940
It's the day he's supposed to move in.

748
00:41:08,940 --> 00:41:13,380
He's supposed to come between 1 and 2 o'clock that day.

749
00:41:13,380 --> 00:41:15,420
It was a Saturday.

750
00:41:15,420 --> 00:41:20,980
And I'm making sure the place is clean.

751
00:41:20,980 --> 00:41:24,540
Everything set up is getting 1 o'clock, 1.30.

752
00:41:24,540 --> 00:41:25,580
It's getting 2 o'clock.

753
00:41:25,580 --> 00:41:27,140
So I'm texting him through the app.

754
00:41:27,140 --> 00:41:29,180
And I'm like, hey, where are you?

755
00:41:29,180 --> 00:41:30,980
Are you still coming?

756
00:41:30,980 --> 00:41:33,660
Or do you need directions?

757
00:41:33,660 --> 00:41:34,860
I already gave him directions.

758
00:41:34,860 --> 00:41:37,700
But just trying to make sure he had everything he needs.

759
00:41:37,700 --> 00:41:40,300
Crickets, not hearing anything.

760
00:41:40,300 --> 00:41:45,180
And so I kind of go out the door, kind of walk around,

761
00:41:45,180 --> 00:41:48,540
see if I see anybody that looks lost or whatever.

762
00:41:48,540 --> 00:41:51,900
And this is a whole different story.

763
00:41:51,900 --> 00:41:56,940
But I have another car that I was having some work done to.

764
00:41:56,940 --> 00:41:57,820
So it wasn't running.

765
00:41:57,820 --> 00:42:01,180
I saw where there's a sticker on my car.

766
00:42:01,180 --> 00:42:02,700
And I went over to the sticker.

767
00:42:02,700 --> 00:42:04,700
And I'm seeing something about they're

768
00:42:04,700 --> 00:42:05,820
going to tow the car.

769
00:42:05,820 --> 00:42:07,380
It's in the offerable.

770
00:42:07,380 --> 00:42:08,540
You got three days.

771
00:42:08,540 --> 00:42:11,900
So I go over to the leasing office to basically cuss them out.

772
00:42:11,900 --> 00:42:14,700
Because you don't put stickers on my car.

773
00:42:14,700 --> 00:42:16,100
I was pissed about that.

774
00:42:16,100 --> 00:42:18,860
So I get to the leasing office.

775
00:42:18,860 --> 00:42:21,540
And there's a line of people waiting

776
00:42:21,540 --> 00:42:24,540
to speak to the property manager or the leasing agent

777
00:42:24,540 --> 00:42:25,700
or what have you.

778
00:42:25,700 --> 00:42:30,420
And so I could tell it was going to be a moment.

779
00:42:30,420 --> 00:42:34,020
But I had my phone on me in case the little moron called

780
00:42:34,020 --> 00:42:35,020
or whatever.

781
00:42:35,020 --> 00:42:38,820
And I just sat down because I was like,

782
00:42:38,820 --> 00:42:40,660
this is going to be a minute.

783
00:42:40,660 --> 00:42:45,620
And I was looking at the guy who was next in line

784
00:42:45,620 --> 00:42:47,780
to talk to the property manager.

785
00:42:47,780 --> 00:42:50,660
And I said, he looks familiar.

786
00:42:50,660 --> 00:42:52,180
And I was like, wait a minute.

787
00:42:52,180 --> 00:42:57,020
I know that's not the guy that's supposed to be running from me.

788
00:42:57,020 --> 00:42:59,340
So I went back to the Airbnb platform.

789
00:42:59,340 --> 00:43:00,660
And I looked at his picture.

790
00:43:00,660 --> 00:43:06,380
I said, that is him looking like a fucking weirdo.

791
00:43:06,380 --> 00:43:11,460
But he was standing right next to the leasing agent.

792
00:43:11,460 --> 00:43:12,700
And so I couldn't.

793
00:43:12,700 --> 00:43:14,940
And then he had like an older gentleman with him,

794
00:43:14,940 --> 00:43:19,820
like maybe his dad or he was a young guy, like maybe 23 or 22.

795
00:43:19,820 --> 00:43:21,780
And he had an older gentleman with him.

796
00:43:21,780 --> 00:43:24,180
I think it was his dad or his grandpa.

797
00:43:24,180 --> 00:43:26,260
And they were waiting to speak to the leasing agent.

798
00:43:26,260 --> 00:43:29,860
And so they were in such close proximity to her,

799
00:43:29,860 --> 00:43:33,820
I couldn't go over there and be like, hey, are you my guest

800
00:43:33,820 --> 00:43:34,220
or whatever?

801
00:43:34,220 --> 00:43:36,820
Because this is on the down low.

802
00:43:36,820 --> 00:43:43,100
And so I just sat and I watched.

803
00:43:43,100 --> 00:43:47,500
And eventually the person got up and he talked to the guy.

804
00:43:47,500 --> 00:43:49,180
The guy talked to the leasing agent.

805
00:43:49,180 --> 00:43:55,580
He was like, hey, I'm looking for apartment such and such,

806
00:43:55,580 --> 00:43:56,860
such and such.

807
00:43:56,860 --> 00:43:59,540
And I just was like, shit.

808
00:43:59,540 --> 00:44:01,700
I was like, what the fuck is he doing?

809
00:44:01,700 --> 00:44:04,500
I was just like, what is he doing?

810
00:44:04,500 --> 00:44:07,260
And she was like, whose apartment is this?

811
00:44:07,260 --> 00:44:09,580
The lady was like, whose apartment is this again?

812
00:44:09,580 --> 00:44:11,500
Yeah, I'm supposed to be staying for a month.

813
00:44:11,500 --> 00:44:15,060
And I just wanted to know where it is.

814
00:44:15,060 --> 00:44:19,180
And I was just like, you fucking idiot.

815
00:44:19,180 --> 00:44:24,660
And then so of course, the leasing agent, she was like,

816
00:44:24,660 --> 00:44:28,460
well, I'm not sure whose apartment this is.

817
00:44:28,460 --> 00:44:33,860
But actually, they're not supposed to be doing this.

818
00:44:33,860 --> 00:44:36,980
And that whole song and dance.

819
00:44:36,980 --> 00:44:39,020
And it just went down here from there.

820
00:44:39,020 --> 00:44:42,500
And so I was like, fuck, I'm just fucked.

821
00:44:42,500 --> 00:44:44,820
And so I was like, this is such a moron.

822
00:44:44,820 --> 00:44:47,420
If he didn't know where to go, I gave him directions.

823
00:44:47,420 --> 00:44:49,620
He could have contacted me through the app.

824
00:44:49,620 --> 00:44:52,740
He just blew up my whole operation.

825
00:44:52,740 --> 00:44:56,780
And so I just quietly walked out of the leasing office.

826
00:44:56,780 --> 00:44:58,940
And you know I was pissed.

827
00:44:58,940 --> 00:45:02,460
And so by that time, I caught the tail end

828
00:45:02,460 --> 00:45:06,620
of the conversation between he and the leasing agent.

829
00:45:06,620 --> 00:45:09,340
And she was like, well, the only thing I can tell you

830
00:45:09,340 --> 00:45:11,820
is that you should contact Airbnb

831
00:45:11,820 --> 00:45:14,740
and let them know that it's an illegal property and da, da,

832
00:45:14,740 --> 00:45:15,660
da, da.

833
00:45:15,660 --> 00:45:17,980
And I was like, this is just going to be a mess.

834
00:45:17,980 --> 00:45:20,940
So I knew what was coming.

835
00:45:20,940 --> 00:45:24,900
So I went ahead and contacted Airbnb.

836
00:45:24,900 --> 00:45:32,100
I told them if this particular guest needs to cancel their

837
00:45:32,100 --> 00:45:36,380
booking, make sure they get a 100% refund.

838
00:45:36,380 --> 00:45:39,700
Because if a person changed their mind for whatever reason

839
00:45:39,700 --> 00:45:44,260
after they decided to book with you, they're not really

840
00:45:44,260 --> 00:45:50,380
entitled to a refund unless the host says give them a partial

841
00:45:50,380 --> 00:45:54,860
refund or give them no refund or give them an entire refund.

842
00:45:54,860 --> 00:45:57,500
And so just because of the nature of what was going on,

843
00:45:57,500 --> 00:45:59,020
I knew this was on the download.

844
00:45:59,020 --> 00:46:01,820
I wasn't really technically supposed to be doing this

845
00:46:01,820 --> 00:46:03,260
in an apartment community.

846
00:46:03,260 --> 00:46:08,620
I just said, give the freak his full refund.

847
00:46:08,620 --> 00:46:10,140
I don't want any problems.

848
00:46:10,140 --> 00:46:12,140
And so I just knew that I was going

849
00:46:12,140 --> 00:46:15,980
to get either an email or a call from the leasing agent

850
00:46:15,980 --> 00:46:18,780
or the property manager saying, hey,

851
00:46:18,780 --> 00:46:21,820
this is a violation of your lease and XYZ.

852
00:46:21,820 --> 00:46:22,940
I never got the call.

853
00:46:22,940 --> 00:46:24,740
No one ever contacted me.

854
00:46:24,740 --> 00:46:29,220
But it was a really, really close call.

855
00:46:29,220 --> 00:46:31,380
And so you just have to be careful.

856
00:46:31,380 --> 00:46:34,020
The moral of that story is you really

857
00:46:34,020 --> 00:46:38,540
have to be discreet when you're running an Airbnb business

858
00:46:38,540 --> 00:46:40,260
in an apartment community.

859
00:46:40,260 --> 00:46:42,980
Keep people out of your business.

860
00:46:42,980 --> 00:46:45,100
Don't trust maintenance.

861
00:46:45,100 --> 00:46:47,780
And if you get a feeling or a sense

862
00:46:47,780 --> 00:46:53,140
about a prospective guest, don't book them.

863
00:46:53,140 --> 00:46:54,340
Trust your gut.

864
00:46:54,340 --> 00:46:57,340
Because something told me that this was a fucking idiot.

865
00:46:57,340 --> 00:47:00,700
But I was trying to be nice and trying to be fair.

866
00:47:00,700 --> 00:47:01,820
Forget that.

867
00:47:01,820 --> 00:47:03,380
Go with your gut.

868
00:47:03,380 --> 00:47:07,420
And I promise you, you avoid a lot of problems.

869
00:47:07,420 --> 00:47:09,940
And I'll say this.

870
00:47:09,940 --> 00:47:13,420
If you're going to run an Airbnb out of a house that you own,

871
00:47:13,420 --> 00:47:15,460
you're not going to have to worry about this type of stuff.

872
00:47:15,460 --> 00:47:18,260
You're not going to have any of these types of problems.

873
00:47:18,260 --> 00:47:18,940
None of that.

874
00:47:18,940 --> 00:47:22,140
If anything, you might have to deal with some minor issues

875
00:47:22,140 --> 00:47:24,740
with a guest.

876
00:47:24,740 --> 00:47:27,220
That can be easily resolved between the two of you.

877
00:47:27,220 --> 00:47:30,060
But overall, it's gravy when you own your own home.

878
00:47:33,340 --> 00:47:36,660
Now, if this is a business that you want to do,

879
00:47:36,660 --> 00:47:39,220
you know you want to do it, but your home is not quite

880
00:47:39,220 --> 00:47:42,580
set up for Airbnb right now.

881
00:47:42,580 --> 00:47:45,260
Maybe you have kids at home, or you've

882
00:47:45,260 --> 00:47:47,300
got a bunch of people living with you already,

883
00:47:47,300 --> 00:47:50,420
but you still notice you want to do this.

884
00:47:50,420 --> 00:47:53,580
Especially if you live in a metropolitan city.

885
00:47:53,580 --> 00:47:58,660
What you can do is lease an apartment specifically

886
00:47:58,660 --> 00:48:01,380
to use for Airbnb.

887
00:48:01,380 --> 00:48:04,380
Don't fuck with these gated communities

888
00:48:04,380 --> 00:48:08,460
and these fancy new apartments that's

889
00:48:08,460 --> 00:48:13,100
on this BS because they're new and bougie and all of that.

890
00:48:13,100 --> 00:48:17,500
Instead, look for older, well-established apartments

891
00:48:17,500 --> 00:48:20,740
that aren't gated.

892
00:48:20,740 --> 00:48:24,580
A lot of these older apartments have been completely

893
00:48:24,580 --> 00:48:26,780
renovated on the inside because they're

894
00:48:26,780 --> 00:48:30,100
trying to compete with all these other new, hot apartments that

895
00:48:30,100 --> 00:48:32,380
are springing up everywhere.

896
00:48:32,380 --> 00:48:35,060
And so a lot of these apartments, because they're older

897
00:48:35,060 --> 00:48:39,580
and perhaps in less desirable parts of town, not the ghetto,

898
00:48:39,580 --> 00:48:42,100
but you know what I mean.

899
00:48:42,100 --> 00:48:45,780
The rent is very reasonable in these apartments.

900
00:48:45,780 --> 00:48:50,260
And if you come in dressing and acting professional,

901
00:48:50,260 --> 00:48:52,860
they're probably not going to run a credit check.

902
00:48:52,860 --> 00:48:54,860
They may run you through a tenant search

903
00:48:54,860 --> 00:48:57,100
just to make sure you don't have any prior evictions

904
00:48:57,100 --> 00:48:58,300
or anything like that.

905
00:48:58,300 --> 00:49:05,020
But if you come in correct, you can typically avoid

906
00:49:05,020 --> 00:49:06,620
a hard credit pool.

907
00:49:06,620 --> 00:49:08,740
I hate those.

908
00:49:08,740 --> 00:49:12,420
So when you come, come with your documents

909
00:49:12,420 --> 00:49:14,100
that you know that you're going to need.

910
00:49:14,100 --> 00:49:19,260
Bring your ID, your last three to four checkstuffs.

911
00:49:19,260 --> 00:49:22,420
If you have a work badge, I like to come in wearing my work

912
00:49:22,420 --> 00:49:24,100
badge.

913
00:49:24,100 --> 00:49:25,780
They're probably going to ask you why you're

914
00:49:25,780 --> 00:49:27,500
looking for an apartment.

915
00:49:27,500 --> 00:49:29,180
Have your story together.

916
00:49:29,180 --> 00:49:33,500
Do not mention anything about Airbnb.

917
00:49:33,500 --> 00:49:35,060
You can tell them you're getting divorced

918
00:49:35,060 --> 00:49:38,380
and need to get an apartment that you recently relocated

919
00:49:38,380 --> 00:49:42,580
to the area and you're looking for an apartment close to work.

920
00:49:42,580 --> 00:49:48,340
Whatever story makes sense for your particular situation,

921
00:49:48,340 --> 00:49:53,060
let them know that you work from home a few days out the week

922
00:49:53,060 --> 00:49:56,540
and you prefer a more quiet, peaceful section

923
00:49:56,540 --> 00:49:59,820
of the community where there's not a lot of kids

924
00:49:59,820 --> 00:50:02,500
and foot traffic.

925
00:50:02,500 --> 00:50:04,100
They'll probably say something like,

926
00:50:04,100 --> 00:50:06,860
I have a perfect unit for you.

927
00:50:06,860 --> 00:50:08,580
They're going to take you to see it.

928
00:50:08,580 --> 00:50:12,340
When you view it, I want you to put your business hat on.

929
00:50:12,340 --> 00:50:18,380
And imagine how your guests would like this unit.

930
00:50:18,380 --> 00:50:21,900
Think about how you decorate it, whatever.

931
00:50:21,900 --> 00:50:24,020
When you go back to the leasing office

932
00:50:24,020 --> 00:50:28,380
and he or she asks you when you'd like to move in,

933
00:50:28,380 --> 00:50:31,100
ask them when is the earliest date available.

934
00:50:31,100 --> 00:50:32,980
Start from there.

935
00:50:32,980 --> 00:50:35,260
And if you're sold on the apartment,

936
00:50:35,260 --> 00:50:37,140
then let them know that you like to move for it

937
00:50:37,140 --> 00:50:39,700
with the application today.

938
00:50:39,700 --> 00:50:44,300
Because the key is to go ahead and to secure the apartment,

939
00:50:44,300 --> 00:50:48,220
the first suitable apartment that you can find.

940
00:50:48,220 --> 00:50:51,500
And these older apartment communities,

941
00:50:51,500 --> 00:50:56,740
they're not on that same BS that these newer apartments are on.

942
00:50:56,740 --> 00:51:01,100
They're just trying too hard, these new apartments.

943
00:51:01,100 --> 00:51:03,140
And they're so bougie.

944
00:51:03,140 --> 00:51:05,460
So they're just on guard.

945
00:51:05,460 --> 00:51:07,260
I just won't even mess with them.

946
00:51:07,260 --> 00:51:11,940
These older communities, they're trying to get the units occupied.

947
00:51:11,940 --> 00:51:13,780
Because if the units aren't occupied,

948
00:51:13,780 --> 00:51:16,620
then they're losing money by the day.

949
00:51:16,620 --> 00:51:21,140
So they're very motivated to do business with you.

950
00:51:21,140 --> 00:51:23,140
And they don't really care if you're

951
00:51:23,140 --> 00:51:26,980
operating a business Airbnb otherwise.

952
00:51:26,980 --> 00:51:29,780
As long as you're not bringing any drama to the community

953
00:51:29,780 --> 00:51:33,420
and you're paying your rent on time every month,

954
00:51:33,420 --> 00:51:36,060
that's all they care about.

955
00:51:36,060 --> 00:51:38,140
So I'm telling you right now, there's

956
00:51:38,140 --> 00:51:40,700
a lot of money to be made with Airbnb.

957
00:51:40,700 --> 00:51:45,940
So I would urge you to get on it now while the getting is good.

958
00:51:45,940 --> 00:51:50,780
Because what I'm seeing is that a lot of these local municipalities

959
00:51:50,780 --> 00:51:53,820
and jurisdictions, they're starting

960
00:51:53,820 --> 00:52:00,780
to place heavy restrictions on Airbnb's and companies like Airbnb's.

961
00:52:00,780 --> 00:52:05,100
Because they're looking to limit the number of Airbnb's

962
00:52:05,100 --> 00:52:06,700
that are in certain areas.

963
00:52:06,700 --> 00:52:11,540
And they're doing stuff like imposing hefty fees and taxes

964
00:52:11,540 --> 00:52:14,220
on operators and hosts.

965
00:52:14,220 --> 00:52:20,020
Because what's happening is that a lot of savvy investors,

966
00:52:20,020 --> 00:52:24,340
they're snatching up properties that's for sale, like left and right.

967
00:52:24,340 --> 00:52:27,460
And they're converting them into Airbnb's,

968
00:52:27,460 --> 00:52:34,180
especially in metropolitan cities like Atlanta, Charlotte, Miami,

969
00:52:34,180 --> 00:52:38,140
destination cities like San Francisco, New York,

970
00:52:38,140 --> 00:52:41,740
and regular home buyers that are looking to buy a home,

971
00:52:41,740 --> 00:52:45,140
they're struggling trying to find a home to purchase.

972
00:52:45,140 --> 00:52:47,300
Because all of the inventory is virtually

973
00:52:47,300 --> 00:52:50,940
being bought up by real estate investors and speculators.

974
00:52:50,940 --> 00:52:56,660
And in some cities like Honolulu, for example,

975
00:52:56,660 --> 00:53:00,900
you have neighborhoods or entire communities

976
00:53:00,900 --> 00:53:08,420
where 70% to 80% or more of the homes are Airbnb properties.

977
00:53:08,420 --> 00:53:11,940
And it's driving the local community crazy.

978
00:53:11,940 --> 00:53:19,740
Because imagine you're living in what was once a tranquil community.

979
00:53:19,740 --> 00:53:27,020
And it's now being overrun by a large tourist population.

980
00:53:27,020 --> 00:53:31,060
Imagine how frustrating that would be for homeowners and locals.

981
00:53:31,060 --> 00:53:37,260
So many local lawmakers are starting to tackle this head on.

982
00:53:37,260 --> 00:53:43,740
So it's only a matter of time before platforms like Airbnb

983
00:53:43,740 --> 00:53:48,180
will be so heavily regulated that it's just not

984
00:53:48,180 --> 00:53:51,300
going to be as profitable as it once was.

985
00:53:51,300 --> 00:53:57,340
So get out here and make this money while you can.

986
00:53:57,340 --> 00:54:03,220
I'll tell you some other things to look at if you want to do this.

987
00:54:03,220 --> 00:54:05,100
Because I feel victim to this.

988
00:54:05,100 --> 00:54:08,180
Don't try to grow too fast.

989
00:54:08,180 --> 00:54:13,380
I would focus on perfecting your existing listing

990
00:54:13,380 --> 00:54:15,980
until you have it down to a science.

991
00:54:15,980 --> 00:54:19,300
Me, I got excited.

992
00:54:19,300 --> 00:54:23,420
Because once I've listed my room, oh, let me tell you this.

993
00:54:23,420 --> 00:54:25,300
This is how small you can start.

994
00:54:25,300 --> 00:54:28,060
Of course, I told you I had the two-bedroom, right?

995
00:54:28,060 --> 00:54:30,580
So I'm living in one bedroom.

996
00:54:30,580 --> 00:54:34,260
So I'm like, OK, for this guest bedroom, I'm going to list it.

997
00:54:34,260 --> 00:54:38,220
When I listed it, the only thing that was in that room,

998
00:54:38,220 --> 00:54:43,900
and I'm not exaggerating, was an air mattress, a lamp,

999
00:54:43,900 --> 00:54:51,020
and it was on the floor, a candle, three books, and a teddy bear.

1000
00:54:51,020 --> 00:54:53,540
And that's what I listed.

1001
00:54:53,540 --> 00:54:55,700
I put the pictures up.

1002
00:54:55,700 --> 00:55:00,340
It was booked in less than 24 hours.

1003
00:55:00,340 --> 00:55:01,860
Less than 24 hours.

1004
00:55:01,860 --> 00:55:05,700
I thought, no one's going to book this.

1005
00:55:05,700 --> 00:55:08,620
I don't even have a real bed in there yet.

1006
00:55:08,620 --> 00:55:10,340
People do not care.

1007
00:55:10,340 --> 00:55:14,660
The young man that booked that room, he's still in there now.

1008
00:55:14,660 --> 00:55:17,460
Now, I have upgraded his bed to a real bed.

1009
00:55:17,460 --> 00:55:19,580
But it was a few months before I did that.

1010
00:55:19,580 --> 00:55:24,740
But it doesn't take much to get started.

1011
00:55:24,740 --> 00:55:27,500
Start with the little that you have.

1012
00:55:27,500 --> 00:55:32,060
You'd be surprised at how quick people will snatch this up.

1013
00:55:32,060 --> 00:55:35,340
Because that particular guest shared with me

1014
00:55:35,340 --> 00:55:39,780
before he booked my place, he was staying at a motel.

1015
00:55:39,780 --> 00:55:42,780
And he said, I just didn't feel safe at that motel.

1016
00:55:42,780 --> 00:55:47,580
And so he was so glad to see a room like mine that

1017
00:55:47,580 --> 00:55:51,820
was nice, clean, modern, for basically the same rate

1018
00:55:51,820 --> 00:55:54,740
that he was paying at a crappy motel.

1019
00:55:54,740 --> 00:55:56,740
So you can start with very little.

1020
00:55:56,740 --> 00:55:58,020
It doesn't have to be perfect.

1021
00:55:58,020 --> 00:56:00,420
Just get out there and just start.

1022
00:56:00,420 --> 00:56:04,820
And in terms of your pricing, you'll get the pricing right.

1023
00:56:04,820 --> 00:56:10,060
The market would tell you if the price is too high or whatever.

1024
00:56:10,060 --> 00:56:11,580
If you see where you're listing, it's

1025
00:56:11,580 --> 00:56:14,740
been sitting for seven, eight, nine days.

1026
00:56:14,740 --> 00:56:18,260
OK, it lets you know you need to bring that price down

1027
00:56:18,260 --> 00:56:19,380
a little bit.

1028
00:56:19,380 --> 00:56:21,340
And I see where we're running out of time.

1029
00:56:21,340 --> 00:56:23,620
But I want to mention this too.

1030
00:56:23,620 --> 00:56:25,100
Just get out there and do it.

1031
00:56:25,100 --> 00:56:27,460
With the pricing, I love that Airbnb

1032
00:56:27,460 --> 00:56:32,260
has this option now that's called Smart Pricing.

1033
00:56:32,260 --> 00:56:36,700
And what that does is that it surveys all the AirBnBs

1034
00:56:36,700 --> 00:56:39,340
in a particular geographic area.

1035
00:56:39,340 --> 00:56:43,860
And it will, depending on the size of the space, one bedroom,

1036
00:56:43,860 --> 00:56:46,420
two bedroom, an entire apartment, whatever,

1037
00:56:46,420 --> 00:56:50,980
it'll automatically set your price in a range

1038
00:56:50,980 --> 00:56:54,860
so that you're not pricing it too low, pricing it too high.

1039
00:56:54,860 --> 00:56:56,980
It gives you a good gauge.

1040
00:56:56,980 --> 00:56:59,980
And I'll tell you this, your first listing

1041
00:56:59,980 --> 00:57:03,100
is going to be a little lower than what you want.

1042
00:57:03,100 --> 00:57:08,660
But the thing is to get out there, get that first booking.

1043
00:57:08,660 --> 00:57:10,100
Be really great to that guest.

1044
00:57:10,100 --> 00:57:12,220
Make sure you're taking care of.

1045
00:57:12,220 --> 00:57:15,660
Make sure they give you a five-star review.

1046
00:57:15,660 --> 00:57:19,780
And make sure that you're deserving of a five-star review.

1047
00:57:19,780 --> 00:57:22,060
Once you get your first five-star review

1048
00:57:22,060 --> 00:57:24,180
and got your first booking out of the way,

1049
00:57:24,180 --> 00:57:26,380
everything is going to start clicking in place.

1050
00:57:26,380 --> 00:57:28,380
You're going to be like, OK, I got this.

1051
00:57:28,380 --> 00:57:30,100
Just don't grow too fast.

1052
00:57:30,100 --> 00:57:32,180
I went out and got another apartment.

1053
00:57:32,180 --> 00:57:37,980
Once I start to make money, it can easily get overwhelmed.

1054
00:57:37,980 --> 00:57:39,060
Go overwhelming.

1055
00:57:39,060 --> 00:57:43,780
So just pace yourself and don't try to grow too fast.

1056
00:57:43,780 --> 00:57:44,620
All right, guys, listen.

1057
00:57:44,620 --> 00:57:47,180
I want to go over so much more.

1058
00:57:47,180 --> 00:57:49,660
That's pretty much all the time we have for tonight's episode.

1059
00:57:49,660 --> 00:57:52,260
But I really appreciate you tuning in.

1060
00:57:52,260 --> 00:57:55,140
I might talk about this some more in a future episode,

1061
00:57:55,140 --> 00:57:57,500
because there's a lot that I wanted to get to.

1062
00:57:57,500 --> 00:57:59,940
But I appreciate you tuning in and spending time with me

1063
00:57:59,940 --> 00:58:01,180
this hour.

1064
00:58:01,180 --> 00:58:04,180
And I hope I've enlightened you about Airbnb

1065
00:58:04,180 --> 00:58:07,420
or perhaps opening your mind to the possibility

1066
00:58:07,420 --> 00:58:09,740
of using the platform to generate

1067
00:58:09,740 --> 00:58:11,860
an additional stream of income.

1068
00:58:11,860 --> 00:58:15,900
Or maybe I'll scared you from getting involved with Airbnb.

1069
00:58:15,900 --> 00:58:16,780
I don't know.

1070
00:58:16,780 --> 00:58:19,420
But either way, I hope you learned something.

1071
00:58:19,420 --> 00:58:23,500
And I hope you enjoyed tonight's broadcast.

1072
00:58:23,500 --> 00:58:25,580
I want you to join me for our next episode, which

1073
00:58:25,580 --> 00:58:30,500
is going to air Wednesday, July 24th at 8 PM Eastern.

1074
00:58:30,500 --> 00:58:32,740
We're going to be discussing a new trend that's

1075
00:58:32,740 --> 00:58:36,860
happening in the workplace called quiet quitting.

1076
00:58:36,860 --> 00:58:38,380
I don't know if you heard of that.

1077
00:58:38,380 --> 00:58:40,500
Be sure to join us next month so you

1078
00:58:40,500 --> 00:58:42,580
can learn more about this topic.

1079
00:58:42,580 --> 00:58:46,980
Until then, have a safe and happy Fourth of July holiday.

1080
00:58:46,980 --> 00:58:48,980
Enjoy your friends and family.

1081
00:58:48,980 --> 00:58:50,860
And have a great night, everybody.

1082
00:58:50,860 --> 00:58:51,380
Take care.

1083
00:59:21,380 --> 00:59:26,280
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