Avid traveler, Airbnb host, PharmD, millennial, mom of 3, classic INTP human, proud Ravenclaw.
I like to:
- Take (calculated) risks in investing and entrepreneurship
- Say yes to challenging projects
- Travel + step outside comfort zone
- Keep learning, growing, sharing with others, and then more learning and growing together.
On this channel, I document my work in progress + anything learned that may be helpful to someone else.
Пікірлер
Coming up on 7 months of hosting here in the Az high country. One of the best and most concise channels for content on str insights Lydia. Always look forward to your new videos. Sounds like a monster month for July, keep it up!
Thanks so much for your support! Hope all is going well in AZ 😊
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Mary Patricia Hester
This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
Isn't she the same Mrs Mary Patricia Hester neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
Her platform is wonderful, and her services are exceptional
Thanks! this has been helpful info
You have such a lovely voice. And your video was beneficial and saved lots of my time. Thank you❣
Thanks! ☺️
I'm wondering with your vacation rental, if something happens and needs attention that requires someone's presence, who would you send to look at it or fix it, especially when there are guests? I assume also you hire cleaners affiliated with a company vs a self employed so they are bonded for theft and/or accidents?
100% on the cleaner arrangement. We have a local assistant we pay weekly (a small fee to be our point of contact) and he’s the first one we’d call if needed. We also have a few handy people we call on, and as a last resort coord with cleaners
Thanks for the content! Great info! I'm looking at potentially investing in property for a rental, both already existing structures and land to build something. Thanks for your time and transparency!
Thanks for watching and best of luck with your project!
thanks for the info, we are just now looking into doing a vacation rental, we have a lot learn before we jump in.
Thanks for watching!
Can you do a video on the upper market of Airbnb or holiday lettings. Like luxury properties in the heart of a city
Thanks for the idea, I’ll take a look!
Thanks!!
Shipping the elderly overseas is easier than moving the toddlers below 5, so get the grandparents on business class, then make sure kids stay home.
Definitely easier- we do both, because the kids need to see the world too!
Bakit po ba tinatawag rin na airbnb ang transient na wala namang gina offer na breakfast? Dba po ang airbnb nanggaling sa words na airbed and breakfast?
Thanks for sharing how you manage your time.
😂😂😂😂 you killed me over the usage of terminology there. Legend!
I've watched a lot of your videos. I learned a lot especially these softwares that are crucial to running the business. I am ready but hesitant to execute for fear of what if I don't get enough bookings, is it going to be profitable, etc. I am planning to start a couple of arbitrage in Naples and at one point I need to overcome my fear. I think I have that analysis paralysis. I encountered people selling me their courses or services such as finding properties. I figured ur the only one not really selling a service so I trust your content more. Lol! Thankful for all the information you share with us!
Haha thanks! Ultimately it’s such a personal decision whether this fits into your overall goals and a lot depends you find a property that works. Taking time with analyzing is ok! ❤️ best of luck!
@@lydiapatelll Thank You!🙏
I've been researching and this whole process is overwhelming. Especially as I would do a 1031 on a long term rental I would sell, then thinking of the possibility I don't make nearly the amount on it as I do now. But I have always wanted a place in the Carolina's.
TLDR: AI interior design tools have potential for generating initial ideas and providing realistic design options, but they currently lack the ability to receive feedback and make adjustments, limiting their usefulness for refining designs. 1. 00:00 📝 The speaker tests 10 AI interior design tools, finding that while they can generate initial ideas, they lack the ability to receive feedback and make adjustments, limiting their usefulness for refining designs. 1.1 The speaker tests 10 online AI interior design tools to find a practical and cost-effective solution for generating feasible and creative designs with the right dimensions and real-life furniture. 1.2 The speaker presents two spaces for testing interior design tools: a challenging living room with tricky flow and layout, and a cluttered bedroom with temporary furniture and unnecessary items. 1.3 The speaker selected 10 interior design and AI tools from Google, contacted the companies for access, and will provide an unbiased review based on their personal experience and how they would use the tools for their next project. 1.4 Consider factors such as cost, input/output capabilities, reiteration process, timeline, and ability to purchase items when using AI interior design tools, and make sure to convert images to JPEG format before uploading them. 1.5 The speaker tested out different themes for a modern living room, including minimalist and vintage designs, but found that some elements didn't match their current layout and would be costly to change. 1.6 The AI interior design tools can generate initial ideas for color palettes and textures, but lack the ability to receive feedback and make further adjustments, limiting their usefulness for refining ideas. 2. 05:06 🤔 The AI interior design tools made strange changes to furniture and layout, but one slightly adjusted the layout and provided reasonable designs for bedrooms, although downloading images may require payment and include a watermark. 2.1 The AI interior design tool made some strange changes to the furniture and layout, including replacing coffee tables with Ottomans and moving the fireplace. 2.2 The AI interior design tools did not impress the speaker with their design quality and did not provide inspiring ideas, although one of them slightly adjusted the layout. 2.3 The AI interior design tools provided reasonable and cohesive designs for bedrooms, allowing users to experiment and generate ideas, although downloading the images may require payment and include a watermark. 3. 08:30 🤔 The AI interior design tools tested in the video were disappointing in terms of accuracy and customization, but there is potential for improvement with the concept of multiple products and the ability to upload pictures of spaces for redesign. 3.1 The speaker discusses their experience with various AI interior design tools, mentioning the downsides of figuring out prompts and the cumbersome signup process, but highlights the potential of kolov GPT which allows for uploading a picture of a space and getting redesigned images. 3.2 The AI interior design tool generated new and cohesive layouts that looked good, but it had drastic structural changes and the products it identified were not accurate. 3.3 The AI interior design tools tested in the video were disappointing as they did not accurately filter by price, consider the size of the room, or fulfill the requested design preferences, but the concept of multiple products shows potential for improvement. 3.4 Users can generate design images and use a shopping tool to bring them to life, with options for AI room planning and design services available, although some tools may have limitations and slow loading times. 3.5 This AI interior design tool provides a full service experience, including a style quiz and survey, allowing users to describe their project and preferences, and upload inspiration images. 3.6 The speaker downloaded an app that uses augmented reality to create a floor plan of their house without having to physically measure anything, and after a few days, they received 2D floor plans and are waiting for a 3D render. 4. 15:20 🏠 Home Designs AI is a versatile tool for interior design, offering realistic and customizable layouts, with potential use cases in real estate staging and space redesign, although it is relatively expensive at $27 per month. 4.1 Home Designs AI is a good tool for interior design where you can upload a photo of the room, make various adjustments, and choose different design prompts. 4.2 The metallic wood veining on the hexagons and the echoing circles are a great introduction of new textures, while the art stands out and complements the structure of the room, although the purpose of the enhance button on the AI designed image is unclear. 4.3 Coastal design is versatile and can be incorporated into modern spaces, while the bedroom design options were less impressive, prompting the exploration of postmodern design with soft, airy, and organic textures. 4.4 The AI interior design tools discussed in the video offer realistic and customizable layouts, with potential use cases including real estate staging and help with redesigning spaces, although the software is relatively expensive at $27 per month. 5. 18:58 🏠 Two Tree is a furniture shopping service that provides cohesive furniture choices based on your room layout, while Full House is a furniture resale company with an AI tool called Ludwig catered towards vacation rentals at scale. 5.1 Two Tree is a furniture shopping service that provides cohesive furniture choices based on your room layout, where you answer questions about the space and provide dimensions and pictures, and then an actual person sends you a floor plan and layout with the option to meet for questions, and the furniture is presented on their website for mixing and matching. 5.2 The AI interior design tool does not have markup in pricing and offers items from popular furniture stores, with designers ensuring accurate measurements, but does not include decor items like art and throw pillows. 5.3 Two Tree works best for modern design and is helpful for quickly furnishing an Airbnb or translating an AI-generated image into an online shopping cart, while Full House is a furniture resale company with an AI tool called Ludwig catered towards vacation rentals at scale. 6. 21:43 📐 AI interior design tools have pros like offering contract grade furniture and being free to use, but they have the con of not considering individual space and dimensions, with some tools having weaker structural detection; customization and rendering features are available but may not work well and some tools may be costly, with Spacely being recommended for a free trial. 6.1 Instead of uploading a picture of your space, this AI interior design tool allows you to upload an inspiration photo and finds furniture that is on theme with it, resulting in fun and creative ideas. 6.2 The AI interior design tools discussed in the video have pros such as offering contract grade furniture and being free to use, but they have the con of not considering individual space and dimensions, with one tool called Archie having weaker structural detection compared to others like Home Designs Ai. 6.3 Bohemian and art deco designs were not accurately represented, while Home Styler is highly customizable but time-consuming. 6.4 You can customize details, add furniture, create video tours, and render images with AI interior design tools, but some features may not work well and some tools may be costly, with Spacely being recommended for a free trial. 7. 25:44 📐 AI interior design tools have potential for idea generation and realistic design options, but still have limitations in terms of machine learning capabilities and cost. 7.1 The search results in this AI interior design tool are mainly in Thai baht, but there are also U.S options available, and the quality of the search results is similar to a Google image search, making it a potentially useful tool. 7.2 The AI interior design tool allows users to upload an image and receive multiple realistic design options, with the ability to customize specific objects and access a color palette and furniture options for purchase. 7.3 The AI interior design tools provided designs that were closer to the desired style, with some structural misses, but overall had good design choices and can be used for inspiration. 7.4 AI-powered interior design tools are still in early stages, with a wide spectrum of machine learning capabilities, but there are useful options like homedesigns.ai for idea generation, spacely for image translation, and two tree or Hestia for space planning, with the downside being the cost. 8. 29:28 👍 There are pros and cons to each AI interior design tool, so watch the full review to find the one that suits your needs, and let the speaker know if there are any other tools they should try.
TLDR: AI interior design tools have potential for generating initial ideas and providing realistic design options, but they currently lack the ability to receive feedback and make adjustments, limiting their usefulness for refining designs. 1. 00:00 📝 The speaker tests 10 AI interior design tools, finding that while they can generate initial ideas, they lack the ability to receive feedback and make adjustments, limiting their usefulness for refining designs. 1.1 The speaker tests 10 online AI interior design tools to find a practical and cost-effective solution for generating feasible and creative designs with the right dimensions and real-life furniture. 1.2 The speaker presents two spaces for testing interior design tools: a challenging living room with tricky flow and layout, and a cluttered bedroom with temporary furniture and unnecessary items. 1.3 The speaker selected 10 interior design and AI tools from Google, contacted the companies for access, and will provide an unbiased review based on their personal experience and how they would use the tools for their next project. 1.4 Consider factors such as cost, input/output capabilities, reiteration process, timeline, and ability to purchase items when using AI interior design tools, and make sure to convert images to JPEG format before uploading them. 1.5 The speaker tested out different themes for a modern living room, including minimalist and vintage designs, but found that some elements didn't match their current layout and would be costly to change. 1.6 The AI interior design tools can generate initial ideas for color palettes and textures, but lack the ability to receive feedback and make further adjustments, limiting their usefulness for refining ideas. 2. 05:06 🤔 The AI interior design tools made strange changes to furniture and layout, but one slightly adjusted the layout and provided reasonable designs for bedrooms, although downloading images may require payment and include a watermark. 2.1 The AI interior design tool made some strange changes to the furniture and layout, including replacing coffee tables with Ottomans and moving the fireplace. 2.2 The AI interior design tools did not impress the speaker with their design quality and did not provide inspiring ideas, although one of them slightly adjusted the layout. 2.3 The AI interior design tools provided reasonable and cohesive designs for bedrooms, allowing users to experiment and generate ideas, although downloading the images may require payment and include a watermark. 3. 08:30 🤔 The AI interior design tools tested in the video were disappointing in terms of accuracy and customization, but there is potential for improvement with the concept of multiple products and the ability to upload pictures of spaces for redesign. 3.1 The speaker discusses their experience with various AI interior design tools, mentioning the downsides of figuring out prompts and the cumbersome signup process, but highlights the potential of kolov GPT which allows for uploading a picture of a space and getting redesigned images. 3.2 The AI interior design tool generated new and cohesive layouts that looked good, but it had drastic structural changes and the products it identified were not accurate. 3.3 The AI interior design tools tested in the video were disappointing as they did not accurately filter by price, consider the size of the room, or fulfill the requested design preferences, but the concept of multiple products shows potential for improvement. 3.4 Users can generate design images and use a shopping tool to bring them to life, with options for AI room planning and design services available, although some tools may have limitations and slow loading times. 3.5 This AI interior design tool provides a full service experience, including a style quiz and survey, allowing users to describe their project and preferences, and upload inspirational images. 3.6 The speaker downloaded an app that uses augmented reality to create a floor plan of their house without having to physically measure anything, and after a few days, they received 2D floor plans and were waiting for a 3D render. 4. 15:20 🏠 Home Designs AI is a versatile tool for interior design, offering realistic and customizable layouts, with potential use cases in real estate staging and space redesign, although it is relatively expensive at $27 per month. 4.1 Home Designs AI is a good tool for interior design where you can upload a photo of the room, make various adjustments, and choose different design prompts. 4.2 The metallic wood veining on the hexagons and the echoing circles are a great introduction to new textures, while the art stands out and complements the structure of the room, although the purpose of the enhance button on the AI designed image is unclear. 4.3 Coastal design is versatile and can be incorporated into modern spaces, while the bedroom design options were less impressive, prompting the exploration of postmodern design with soft, airy, and organic textures. 4.4 The AI interior design tools discussed in the video offer realistic and customizable layouts, with potential use cases including real estate staging and help with redesigning spaces, although the software is relatively expensive at $27 per month. 5. 18:58 🏠 Two Tree is a furniture shopping service that provides cohesive furniture choices based on your room layout, while Full House is a furniture resale company with an AI tool called Ludwig catered towards vacation rentals at scale. 5.1 Two Tree is a furniture shopping service that provides cohesive furniture choices based on your room layout, where you answer questions about the space and provide dimensions and pictures, and then an actual person sends you a floor plan and layout with the option to meet for questions, and the furniture is presented on their website for mixing and matching. 5.2 The AI interior design tool does not have markup in pricing and offers items from popular furniture stores, with designers ensuring accurate measurements, but does not include decor items like art and throw pillows. 5.3 Two Tree works best for modern design and is helpful for quickly furnishing an Airbnb or translating an AI-generated image into an online shopping cart, while Full House is a furniture resale company with an AI tool called Ludwig catered towards vacation rentals at scale. 6. 21:43 📐 AI interior design tools have pros like offering contract-grade furniture and being free to use, but they have the con of not considering individual space and dimensions, with some tools having weaker structural detection; customization and rendering features are available but may not work well and some tools may be costly, with Spacely being recommended for a free trial. 6.1 Instead of uploading a picture of your space, this AI interior design tool allows you to upload an inspirational photo and finds furniture that is on theme with it, resulting in fun and creative ideas. 6.2 The AI interior design tools discussed in the video have pros such as offering contract grade furniture and being free to use, but they have the con of not considering individual space and dimensions, with one tool called Archie having weaker structural detection compared to others like Home Designs Ai. 6.3 Bohemian and art deco designs were not accurately represented, while Home Styler is highly customizable but time-consuming. 6.4 You can customize details, add furniture, create video tours, and render images with AI interior design tools, but some features may not work well and some tools may be costly, with Spacely being recommended for a free trial. 7. 25:44 📐 AI interior design tools have the potential for idea generation and realistic design options but still have limitations in terms of machine learning capabilities and cost. 7.1 The search results in this AI interior design tool are mainly in Thai baht, but there are also U.S options available, and the quality of the search results is similar to a Google image search, making it a potentially useful tool. 7.2 The AI interior design tool allows users to upload an image and receive multiple realistic design options, with the ability to customize specific objects and access a color palette and furniture options for purchase. 7.3 The AI interior design tools provided designs that were closer to the desired style, with some structural misses, but overall had good design choices and can be used for inspiration. 7.4 AI-powered interior design tools are still in early stages, with a wide spectrum of machine learning capabilities, but there are useful options like homedesigns.ai for idea generation, spacely for image translation, and two tree or Hestia for space planning, with the downside being the cost. 8. 29:28 👍 There are pros and cons to each AI interior design tool, so watch the full review to find the one that suits your needs, and let the speaker know if there are any other tools they should try.
All the info I needed! And kids are now free starting in October. Time to sign up!
Very cool!
I'm from MN too! Recently relocated to LA, love how informative u are & what ur doing
Thanks! I lived in LA for a year and had a wonderful time
We are going next month with our 16 month old. So thank you for the video. Was it easy to get around with the stroller. Also, did you take the subway with the kids? Would you recommend it?
We did the tiny stroller when we went with our then 15 month old. It’s a bit of lugging up and down the subway, so I didn’t love it for that.. but going to the parks and museums worked well with the stroller! For subways we ended up just going without the stroller. It’s so convenient and honestly kinda fun for kids too 🥰
@@lydiapatelll thank you ❤️
Thank you for that reality check. You are right, there's lots of videos showing how they scale their business fast and gives the false impression that it's so easy.
For some reason, the link to your calculator isn't working - Great video though!
Oh no! Shoot me an email, [email protected] I’ll send you a copy 😉 thanks for letting me know
this was pretty lame actually.
Do give us some pointers, drop some knowledge!
The most relevant Airbnb coaching ever.
I think you’re just being too hard on yourself about the photos. I think everything in life is normally like that when you see it in person, you’re either dramatically, disappointed or dramatically impressed.
❤ omg I love it
Thanks!
why so loud music?
Because I was a complete amateur and learned to edit my own videos on the side? 🤷🏻♀️
On average will u be able to say how many days in a month is ur Airbnb booked? Is there a way to see how many days is a property listed on Airbnb booked or thru AirDNA?
Air DNA should have listing level occupancy data. There’s quite a bit of seasonality when looking at this info to keep in mind
@@lydiapatelll Thank you. I found it. I appreciate it.
i love this idea. can you help me how? Thank you
Check out my other Airbnb related content, and let me know if you have further questions!
I loved your goal setting video at the beginning of the year and now this follow up. It’s inspiring me to look at the goals I set for myself at the beginning of the year too. Thanks 😊
Love that we keep each other inspired!
Great content! More power to you!
Just a tip for bedroom furniture. Remember that many people will use a CPAP machine these days. So the bedside table needs to be big enough to accommodate a decent CPAP unit and an easily used light, either on the bedside table or wall mounted. There also needs to be a powerpoint or two close by. It might be worth showing a photo of this convenient setup because it is something I always try to double check.
Great tip! Thanks!
Amazing content on this and the other video I've seen - just wanted to say thank you!
Keep it up!!
I am amazed that you have goals for all aspects of life. it inspires me to do the same. would love to hear more about how your streamline the operations and lessons learned
the local governments is the problems they placed a limit, restrictions, licenses , sorry thumbs down, most people are switching to long term
I have one of each and definitely see pros and cons to both approaches
I am so glad I discovered your channel! Love your content. I have been watching your videos nonstop lol. You are where I want to be. Thank you for sharing your journey. It’s really inspiring.
This made my day!! Great to have you hear. I am still a work in progress but happy to share what I'm learning.
@@lydiapatelll❤
Hey Lydia,do you edit your videos? I can streamline content process by editing your videos + thumbnails
Hi Jeremiah, thanks for reaching out! I'm ok for now.
@@lydiapatelll okay
I’m struggling with how to furnish basement suite bright interesting and comfortable. Your 4 steps of how to really helpful. I’m wondering do you help people remotely.
I have a video about my favorite apps for doing this!
@@lydiapatelll thanks for replying I appreciate. What is the name of video ?
I am currently Analytical scientist in FAR&D lab , want to purse MS in clinical pharmacy . My question is what are job opportunities after doing MS in clinical pharmacy? & how much we get monthly income ? Thank you so much for the video ! Nice to see you working in hospital!
In the US it’s a PharmD so not sure about options after masters
We want freeeeee appppp 🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫🚫
Would be nice
Who would spend time to build for free tho..
@@lydiapatelll 😁but i think that we can find some free app
I like the STR and the funds. Ive been a landlord before n swear I will never be one again. The experience just put me off it n I have not heard anyone who has a good experience either. I like the security and system of airbnb which I am only now learning, although Im leaning towards arbitrage for less risk. Thanks for another great and helpful video! 😊
That’s excellent perspective. I heard this from a colleague (from healthcare) as well!
Hi Lydia. Your videos are really informative and helpful. Thank you for making them. Wanted to ask about AirDNA, how come an area can have a market rating of 50% - Okay, but the Annual Revenue is high vs an area that has 75% - Good and the Annual Revenue is lower. Wondering if it's good to base it on the Market Rating or Annual Revenue?
I don’t rely on their rating much, it’s quite subjective. (I think I may have mentioned in a different video but don’t remember whether it’s the one where I project revenue or the pick a market one). The rest of the data is super helpful, and I just download them as a spreadsheet and manipulate further. Hope this helps!
Just one word PATEL 😂😂😂
If you ever want an Aussie passport Lydia comment below❤😜
Thank you so much! As usual another great and helpful video! Exactly what I was wondering about. The guest problems you mentioned seems manageable. However when I read thru other's experience in the comments, wow, makes me think again! I know every customer service field will always have outrageous customer complaints sometimes, even in my field of finance. Im in the process of writing my business plan. Thanks for all the helpful tips!
Thank you again for the helpful videos! What is your rule of thumb when booking back to back, do you need two hours for instance for cleaning in between?
Bigger houses need at least 3 Depends on size
Thank you for this very informative video. Wondering how much was net revenue for the smaller property? For the beach house can't you spread the expenses over several years?
Revenue was about $1200/mo average I think. It’s been a while! Profit not that far off, honestly don’t remember. Beach house capital expenses from an accounting and tax perspective yes it’s spread out. But cash paid is still cash paid at the moment 🤷🏻♀️
@@lydiapatelll true! 😆
Thanks very informative!!💪👍👍
You are a very sharp gal! Excellent video. Straightforward. No b.s. Thank you!
Thanks!