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@yourpathmatters

Жыл бұрын

We miss the old host

@bekstalasch1543

7 ай бұрын

@@yourpathmatters Bitrix24 russian company from Moskow

Sid's passion for his business is infectious. He's dropping knowledge bombs all throughout this video. If I were in this space, I would definitely get my notebook and note down his business tips. This was sooo educational.

@UpFlip

Жыл бұрын

Couldn't agree more! What are your takeaways? ☺️

@LivingtheDRdream

11 ай бұрын

except he said zero or little money needed is lie. you still money for airbnb arbitrage or 20 percent down payment for hard money loan. the only thing that you don’t need money is rent out your individual room out ( house hack )

@zparklezztudioz782

11 ай бұрын

I think 🤔 this what happens when a Chinese and Indian brain unite 😅. Just awesome entrepreneurship 🎉

@troyverdialez596

7 ай бұрын

To keep profit margins at 75-80percent occupancy. Absolute genius. if your bookings are lower the 75%, then they are too expensive, if higher, then your bookings are higher then raise the price. Gold. @@UpFlip

It's my first time seeing people giving actual realistic advices. I had to grab my notes. I came out with 27 points, imagine 🤯

@user-ke6bm2kc8g

4 ай бұрын

"I bought a house while in college using student loans!"

I have tried renting out my duplex as a vacation home in Florida and it is convenient. I made twice more then working at my full time office job.

@UpFlip

7 ай бұрын

Wow! That's serious profit and could turn into a full blown airbnb biz. 💪

Their transparency and insight are admirable. Kudos to them.

Great video! Really love how detailed they are on standardization. One thing that slightly bothered me is they are calling the $3m/year their revenue, which it is not. Their revenue is 25% of that or $750,000 if they are doing $3m in total property volume. It would be the same as Airbnb claiming their gross booking volume (e.g. every dollar going into Airbnb) as their revenue.

2 seconds into the video and the homes look spotless, I'd definitely stay at one of their Airbnb homes

@UpFlip

Жыл бұрын

Very enticing! Thanks for watching and supporting our channel! ☺️

@kwadwogyamfi6428

Жыл бұрын

😊😊😊😊

Really very informative and encouraging video. Its more practical hence very useful. Thanks a lot.

Binging for months … best interview! Had to grab my notebook because of the sound information 😊

The love I have for the Airbnb business called Shortlet renting here in Nigeria is so crazy... I have learned a lot from this interview than I have gathered in the Last 2 years of gathering information on the business

@babalolapaulayomide3987

10 ай бұрын

I got more insight on property management for investors which is the line I’m looking into... Thank you for the free knowledge.

@UpFlip

10 ай бұрын

Wow! Thank you so much for the feedback. We are beyond happy that you learned a lot from this video. Good luck on your business! ❤🙏

@UpFlip

10 ай бұрын

Wow! Thank you so much for the feedback. We are beyond happy that you learned a lot from this video. Good luck on your business! ❤🙏

This video is GOLD! Thank you for sharing....

Host: 1. How to handle emergencies and cost such as water leak, gas, electrical, fire, major damage to property ? What kind of agreement / contract so both host and owner are on the same page with no conflict (and law suit)?

I love this channel! So much amazing invaluable insight into business! It's so inspiring

@UpFlip

11 ай бұрын

Thanks for watching and supporting our channel!

I LOVE THIS CHANNEL! started with the lady candle maker video last night and have been binge watching these videos ever since!! Definitely subscribed!

@UpFlip

Жыл бұрын

Welcome aboard @shanellanderson9791 ! So happy you're enjoying our videos! What has been your favorite so far?

@shanellanderson9791

Жыл бұрын

@@UpFlip Ep 152! Making 100M from scratch in real estate! I took good notes from that one. Loved the tips he shared about getting a lot big enough to place two houses or a row of apartments. Those apartments with the rooftop area were so nice!!

@Emanuel27236

11 ай бұрын

​@@shanellanderson9791 hello ma sorry if am disturbing you please I really wish for your assistance ma, am a African student who is finding it hard to see myself through school due to the bad polices Of the government, please any assistance from you will go a long way to help me start up something for myself, am real am not a scammer am just soliciting for help for whoever wish to help me ,you can call if you wish I can drop my contact for you God bless you as I await your your reply thank.

Super informative video. I took away so many tips for my Airbnb. With all of the comments hating, good! More houses for me to buy 😊

Standardization is a very interesting thought not just on short term rentals but long term as well. Having the same fixtures and flooring could go a long way. And I definitely will keep this in mind for my rentals!

@UpFlip

11 ай бұрын

Thanks for sharing your thoughts @ Jeff George - HandyJeff DIY!

As always you never dissapoint me guys 😎

I WAS SO EDUCATED AFTER WATCHING THIS VIDEO. GOT A LOT OF IDEAS NOW.

i’m confuse . he said you don’t no money or very little money but then at 24 mins into the video , they require their homeowner clients to have high quality furnishing and high standard home ( which you will need a lot of money to furnish your home to his standard . everything else he said are on point and it make sense

@SandhyaTayshetye-cj2ih

11 ай бұрын

Rental

I own a Drywall construction company, so my funds will go real estate in the future, this my goal ❤.

@UpFlip

Жыл бұрын

That's a great goal @mayraramirez8071 ! What do you think your next step is?

Wow! I love what you have to offer. I'm looking into starting airbnb, thus is great information... how do you start a management co?

Downloading this right now! Thank you!

@UpFlip

Жыл бұрын

You most welcome!!

What great content, great job NICASA thank you for selflessly share all the amazing tips, wish all the success in your business I would love to work with you!

@UpFlip

Жыл бұрын

Glad to hear you liked it ;)

Applause and hats off! These guys are we should all strive for in regards to starting and maintaining any business. Beautiful.

@UpFlip

Жыл бұрын

Thank you @SEBAYANI08 ! What was your favorite part of the video?

@SEBAYANI08

Жыл бұрын

@@UpFlip quite frankly all of it. I'm looking into becoming an entrepreneur and this video is like a tutorial to start a great Airbnb business AND make it succeed over time. Every bit of it was great. I can't wait to get started owning real estate.

This was soooo good. Very informative and very well presented. Kudos to you 3. Enjoyed every minute of it and saved it to watch again. Thanks

@UpFlip

10 ай бұрын

We appreciate your kind words! What videos would you like to see more of?

Great tips! Especially having the same furniture pieces in each property

thankyou for all the info...gr8 work ,both by the interviewer and interviewees !

@UpFlip

6 ай бұрын

Thank you! Are you considering running your own Airbnb biz? Hope you learned a thing two from them 💪

This video couldn’t come at a better time! I’ve been looking to start a side hustle in AirBnB.

@ajm-wu6wd

Жыл бұрын

Just beware of all the squatters now in Airbnb, as well as rental houses. Too many in my area are having issues with professionals (educated individuals with good income) squatting in Airbnb and rentals. Just look into that pitfall before rushing into this one.

@AndrewNguyenOfficial

Жыл бұрын

@@ajm-wu6wd I didn't even know of that issue. Thank you for pointing that out!

@networth00

Жыл бұрын

You're about 10 years too late.

@ajm-wu6wd

Жыл бұрын

@@AndrewNguyenOfficial My apologies, I don't want to discourage anyone, but please beware of this issue. You can look it up on youtube as well. Good luck kind sir .

@ajm-wu6wd

Жыл бұрын

@@networth00 I thought it started 2020, but now hearing it's been going on for at least 10 years in California(my state).

Thanx for this video. I might have to use them and see if they willing to do Miami area. I appreciate this video

@UpFlip

2 ай бұрын

Glad it was helpful!

26:52 don’t forget direct bookings

I love their model and their energy

@UpFlip

10 ай бұрын

glad you liked this video! are you interested in having airbnb business?

AirBnB stories are quite misleading because it has now become very competitive and if you had started a couple years ago like this couple and have built up reviews you are much more likely to continue to be successful - much much harder for someone to come in new. Also there are many places where your rental income yield is not very good due to high property values. So not everybody can buy a house for $15,000 and rent it for $500/m...that is unheard of in many places. I love in an area where you cannot find deals so you are assured a yield of 10% or less.

This is the Goal for My New Apartments in The future!

@UpFlip

Жыл бұрын

That's so cool @Lewis24hrs ! What do you think your next step will be?

This is amazing. I am learning so much. ❤

@UpFlip

Жыл бұрын

What are your takeaways? ☺️

Really enjoyed this. Thanks.

@UpFlip

Жыл бұрын

Hope you learned a lot from this video! ☺️

Who's your writer? Excellent interview questions!!!!! This was generously informative. Keep it up guys!

@UpFlip

2 ай бұрын

Thank you!! Are you also in real estate?

Great videos...be nice to see more online businesses.

@UpFlip

Жыл бұрын

Glad you like them @tcb7098 ! What kind of online businesses would you like to see?

@tcb7098

Жыл бұрын

@UpFlip nothing particular....just something a person could do even for a side job to make money....lot of people have ideas just don't know where to start.....I've had shopify store and had a few sales....but need faster shipping times, Aliba alternatives......or maybe a .....oh a food order business like oh .....nuts or something. Coffee is popular. Some suppliers will put your logo on the items for you for Coffee or nuts or whatever. I've had the pressure washer idea before.... those are good videos

What about squatters is there a video for that please explain 😅

Great content👍

@UpFlip

Жыл бұрын

Thanks @princekwadzokpoe5983 ! Was there a part that you particularly liked?

So are owners of these property? Or are you just managing?

Did you change the thumbnail because I’ve never seen this thumbnail when I watched it last time it was a man in front of a white big house?

Did you guys see their credentials? The guy is a Wharton MBA and the wife is a Michigan MBA, UCLA undergrad in finance and Microsoft employee. No wonder his business is so organized.

@UpFlip

6 ай бұрын

They're a power couple! They converse in numbers and it's amazing! 🔥

@afrikikianimation435

26 күн бұрын

That makes sense. I could tell there was something different about them. They are building synergy and looking at long term potential in both rental and human capital.

For earning $20,000 per month you need to list $1200 per night, make sure get 80% occupancy rate every single month.I don’t think it’s truth. My Disney Airbnb single family house with Luxury renovation, 3500 sq ft, can host 18 guests per night, with private swimming pool and a professional home theatre,I only charge $350 per day,just got 60% occupancy rate.

@UpFlip

11 ай бұрын

Thanks for sharing your piece of the industry. Reason for pricing is the location! Seattle is an expensive place to be in.

Wow, wish I can work free part time weekends in exchange to learn from them for this people 😊

@UpFlip

Жыл бұрын

We certainly learned a ton from them. Thanks for watching! ☺️

Did anyone else get an Airbnb ad with this video?

Wow he’s amazing and smart

@UpFlip

8 ай бұрын

Couldn't help but admire him at what he does too! 👊

Great content. I'm aiming to start this business in Suffolk UK

@UpFlip

9 ай бұрын

Thank you! And you got this! Let us know how it goes, will you? ☺️

Whats the risk?

thanks for the info.

@UpFlip

10 ай бұрын

No problem! Thanks for the support. 🙂

Sid and Eva are amazing

Great information.❤

@UpFlip

10 ай бұрын

Glad it was helpful!

sounds sus that they can get 500-1k/NIGHT... that's too good to be true. And are they also implying that their fill rate is 100%?

@hollywoodhomes4373

2 ай бұрын

They said 85%

These type of first time investors are going to lose everything in a few years once we're deep in a recession.

@Human.Animal

2 күн бұрын

Would be nice to see an update on this strategy.

Watch out for local regulations. Where I live everybody needs a hotel certification now.

@UpFlip

Жыл бұрын

That's true. Before operating any business, always consult with your local business lawyers. Curious to know where you live?

@nicknico4121

Жыл бұрын

@@UpFlip Montreal (Canada). Law changed this year, not enough apartments available for citizens.

8:57 amazon flywheel

I love this. Very inspiring.

this feels like a market thats peaking

@UpFlip

Жыл бұрын

It is! We appreciate you tuning in! Thank you! ☺️

Hope more rules coming for airbnb

@UpFlip

Жыл бұрын

Did you learn a lot from this video? What are your takeaways? ☺️

Thank you

@UpFlip

10 ай бұрын

You're welcome! Thanks for watching. ❤

but if they sell all houses and buy a hotel is more easier and manageable.

This couple just gave you a short versioned AirBnb MBA

@UpFlip

9 ай бұрын

They sure did! They're really knowledgeable and generous with their wisdom☺️

Do you have to buy the Toiletries and decoration or the owner does?

@UpFlip

Күн бұрын

It depends! Sometimes your cleaning team can handle that for you.

Nice content ❤️

@UpFlip

Жыл бұрын

Thanks!

@mohdnazam6466

Жыл бұрын

Thanks for reply

i'm wondring does the owner alow you arbitrage his own properitie, is that legal in usa? and thinks for all i'm from morocco

@UpFlip

11 күн бұрын

It all boils down to the specific state law and what the property owner's rules are.

That’s amazing

@UpFlip

Жыл бұрын

We hope you enjoyed the video - thank you for watching! ☺️

Great information

How do you buy a house for $15,000 in Seattle or anywhere else for that matter Even in bum f*** Idaho it's more than 15,000 for a home

debt to income ratio?

@UpFlip

Жыл бұрын

To learn more about it, please keep on watching! ☺️

What the lady did with her student loans I don’t believe is legal but I am impressed.

@UpFlip

26 күн бұрын

She's made a very smart move! 👏

AirBnB’s are ruining the housing situation on Maui. People who don’t even live here buy up all these houses and condo’s for AirBnB/Vrbo. Maui people have no where for their families to LIVE because of all of the short-term rentals everywhere.

@V1N_574

Жыл бұрын

Yeah but with enough money you can forget about ethics and empathy. I really hate this kind of videos is just a slap in the face to everyone that can't afford a house because of businesses like this. Legally they are ok but ethically I could never seeing the state of things.

@LuanaOnMaui

Жыл бұрын

@@V1N_574 - So true. I’m glad the people in the video are so successful at this, but these kinds of short-term rentals are an absolute nightmare here on Maui.

@UpFlip

Жыл бұрын

We are so sorry to hear about the situation in Maui. :(

@davidpham9353

Жыл бұрын

let me guess. You are local right ? And I own 9 listings here, so whats up :)) Look like I give a F ? Just move . thats it. Btw, I live in San Francisco :))

@LuanaOnMaui

Жыл бұрын

@@UpFlip - It’s the current situation here. The county and state are cracking down on the illegal short-term rentals and the nuisance ones that are located in residential neighborhoods where they don’t belong.

Makes no sense to have 20 of the same coffee makers because if one coffee maker goes down you don't have to replace it with the same exact brand

@UpFlip

Жыл бұрын

Interesting point @jessed6379 !

@Andre-jp4yt

Жыл бұрын

common sense is not so common.

This is the last thing the reeling real estate market needs right now, as an Air BnB investor i think due to the similar mode of operation like WeWork, we might soon be run off the market. Essentially why i'm at large for exit measures or where to allocate $1m

The mind of an IITian !!

So these guys hog up houses on the Seattle market to make millions when buying a house in Seattle isn't hard/ expensive enough. Thanks

The only thing I think about is how these people make a ton of money by making sure 22 properties cannot be purchased by others to have as their primary residence.

@UpFlip

Жыл бұрын

Thanks for sharing your opinion!

@sohrobby

8 ай бұрын

Who cares about the housing crisis in Seattle?! As long as they get theirs right? 😂

@mybootscamewithoutstraps

8 ай бұрын

They get theirs and 22 other families get told to deal with it. Fair deal!@@sohrobby

How can I reach out to them to ask em stuff

@UpFlip

Жыл бұрын

They do have a website. Link’s in the description! ☺️

it's cool,great idea!

@UpFlip

10 ай бұрын

Glad you like it! Thank you!

Smart couple!

wow this video was very helpful

@UpFlip

Ай бұрын

Glad you found it helpful! Did it inspire you to start exploring opportunities in this industry? ☺️

Super

@UpFlip

Жыл бұрын

We appreciate you tuning in! Thank you! ☺️

@narreshgunda8257

Жыл бұрын

@@UpFlip I am from India HYDERABAD 🇮🇳

Which books did he recommend?

@UpFlip

4 ай бұрын

He recommended How To Win Friends and Influence People by Dale Carnegi and Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel! ☺️

states are breaking down on airbnbs

@UpFlip

Жыл бұрын

Thank you for taking the time to watch! ☺️

Airbnb - is a good business.

@UpFlip

3 ай бұрын

You're right! Thanks for watching ☺️

I would never rent my house. No protection if the wrong tenant comes in

@UpFlip

9 ай бұрын

Rentals are not for everyone but can be lucrative once you've figured it out and considered the risks

@Tom.2005

9 ай бұрын

@@UpFlip Did you change the thumbnail because I’ve never seen this thumbnail when I watched it last time it was a man in front of a white big house?

Get in touch with a CPA FIRM

@UpFlip

Жыл бұрын

Noted on your suggestion ☺️

Their kids are gonna be geniuses!

@ahberlowkz852

Жыл бұрын

Racist

@tf2368

Жыл бұрын

You don’t have to be a genius for a property business

@kingofkings9

Жыл бұрын

I doubt that

@UpFlip

Жыл бұрын

Thank you for watching and engaging with the content! ☺️

I didn't know you could use your student loans to buy a house

@groomergirl6642

Жыл бұрын

Its likely from the overpayments you get after tuition and books are covered.

@ElectroWits

Жыл бұрын

Tuition can cover many type of authorized expenses. Rent/mortgage is one of them

@UpFlip

Жыл бұрын

You certainly could! Thanks for watching! ☺️

People: "man, housing has gotten really expensive" Also people: "hurray to those driving prices up"

Good

@UpFlip

Күн бұрын

We hope you enjoyed the video - thank you for watching! ☺️

Basically the company profits between $15k to $30k per month, let's say around 250k per year profit. For the company. Then the company has to pay taxes on that $250k. Then you have more taxes if they want to take the money to their own bank account. So in the end, they get like 50k each or less.

@charliekennelly8112

Жыл бұрын

Ownership is key to Airbnb's in my opinion. The equity built by renters and tax (depreciation) benefits for only a few homes is enough to retire on.

@onlyitj

Жыл бұрын

What kind of calculation is that, they are married, you think they paid 150k tax on 250k income? The tax would be around 20 to 30 percent max. So there take home is 180k to 200k

@SanaatanSatyaHai

Жыл бұрын

@@onlyitj Also its a business and there are a lot of tax havens

@UpFlip

Жыл бұрын

Thanks for sharing your thoughts! We appreciate you tuning in! Thank you! ☺️

@Therealclayton

11 ай бұрын

@@onlyitjright? How do you pay 150k taxes on 250k profit? 😂

Toronto only allow one Airbnb property per owner and it has to be principal residence

@V1N_574

Жыл бұрын

Wish it was like that in the states also.

@UpFlip

Жыл бұрын

Thanks for sharing that info with the community! ☺️

Seasoned Airbnb experts

@UpFlip

Ай бұрын

They absolutely are!

Nobody is renting from Airbnb, we know it ain't even worth it anymore

@UpFlip

Жыл бұрын

@pauln7029 Believe it or not, AirBnB is still reporting a 16% to 21% growth in 2023 Q1!

People making this much on air bnb is why rent is so dang high

Very smart couple

@UpFlip

26 күн бұрын

Smartest we've interviewed! 🔥

Its not passive

@yeetboi268

7 ай бұрын

Its passive if you use their management service

montreal banned airbnb

@MegaMunizaga

Жыл бұрын

@@Wideolink 7 ppl died in a building managed by an airbnb owner not having the building up to code so the city banned them

@MegaMunizaga

Жыл бұрын

@@Wideolink downtown core to be precise

@UpFlip

Жыл бұрын

We're so sorry to hear about the unfortunate incident. :(

@KK-pm7ud

Жыл бұрын

Good

@lukefromtexas

Жыл бұрын

I wish more cities would

I make 200k a month with airbnb…

@nicolescarlett4618

2 күн бұрын

Which country and how many properties ?

These people why home prices are so high

@arggggg6040

2 күн бұрын

😂😂

Passive?