Hey there, I'm James!
If you want to:
1) Make more money
2) Have more fun
3) Use Airbnb to do it
Then you're in the right place.
Whether you're looking to host your own place, co-host someone else's property, or invest in short-term rental properties, I'm you're guy.
I've been doing this since 2017 and I've now directly helped over 1,000 students to succeed with Airbnb.
If you wanna join a tribe of successful Airbnb hosts, co-hosts and investors...
Plus get access to a bunch of great training and over $2,000 in deals and discounts, then check out BNB Tribe (linked below or just copy and paste: bnbmastery.com/bnb-tribe)
I'm also the co-author of Airbnb for Dummies, so if you want you can check that out here: bit.ly/3LlaYeH
I'm pretty biased but I also think that you should subscribe :)
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Just saw the "live broadcast" is it really live or just pre-recorded? Because I tuned in last week and it was the same.
RIght pricing at the right time!
Hot tips 🔥
Very important to ask for a pet fee when you rent our home in Malibu
Lovely presentation.
Iam a host and airbnb has locked my profile due to security reasons how can i unlock my hosting
Your best bet will just be reaching out to Airbnb's support for assistance
This video is amazing. Great work
Oh no, poor Jordan :( someone send the guy a link to BNB tribe 🤣
The link is literally in the description.
You are a bit off on your numbers. Isaac did not "make" 7M. He sold it for 7M-big difference. He had a loan against the property of $2.4M. A Broker commission of $550k and $100k of extra closing cost. That comes to $3.05M in selling/closing costs or $3.95M after expenses. He only owned 55% of the project, leaving him $2.172M before taxes. If you say he took $1M of depreciation in the first year and normal depreciation in the second year, he would need to recapture that depreciation upon the sale and pay taxes on any gain. I figure Isaac made about $1.2-1.5M on this project.
Great video. Thank you for posting it. What province are you? I'm in BC and looking into getting a dome on my property.
Great video but FYI all photographer are trained and re-touching and editing. You do absolutely not need to hire a separate editor to edit the photos. Real estate photographer and Airbnb photographer shoot HDR. This means they shoot 3 to 5 frames and those frames are combined to one frame for shot light room or adobe camera raw or photomatix or some other software. Professional like myself also adjust the images and brighten them and the colors and also paint in the area of the windows, etc. it is not necessary to hire an editor. In fact those editors are also photographers! They also use lens to straighten vertical lines in the shots and the tripod, so yes, please hi photographer the images look so much better that way and they make a place look magical! Step photographer to shoot twilight images they can insert a sunset and show your backyard string lights, etc. it can really look amazing to have some nice shots!
Yeah for sure, most photographers can do editing, although I always like to hire a separate editor for 2 reasons: 1) Photographers aren't always good at photoshopping things like the removal of an object that shouldn't have been in the frame, adding fire to a fire pit, adding Netflix to the TV screen, etc. For basic color correction, they're great, but for other stuff often not so great. 2) Editors on Fiverr are waaayyy cheaper than most photographers for editing work. It's an easy way to save a few hundred dollars so that I have more budget for extra photos, etc.
I'm an airbnb host with property in Jamaica. Hurricane Beryl left massive property damage to the yard. Our area is still without electricity and water. Our guests are asking for a refund. Are we covered, what should we do?
Dang, I'm sorry to hear about that! Your best bet will be reaching out to Airbnb and/or your home insurance provider for assistance with that!
this was a great video, new sub 👏🏼🫶🏼
Glad you liked it!
I have a question ; by joining BNB Tribe for $49/month ,can I receive all the training that I need to start my business or I still have to pay $$ for actual training?
You'll have all the training you need! :)
Hey James! Are you looking for a new editor for your team? let me know, I can help.
I checked the sites in the besty site and none of them have the chatwidget bot integrated is there something wrong with it?
Isn’t there an Airbnb co-host profile app?
No, unfortunately not, but if you're looking for help getting co-hosting clients, check out BNB Tribe! bnbmastery.com/bnb-tribe/
Hi James, do you know if Hostaway or other platforms similar have insurance coverage similar to Aircover??
Are we doing this research after we got the property ready to go or before even considering buying/ renting the property?
Beforehand!
Excellent video, Thank you
Glad you liked it!
Thank you for the mention!
You bet!
Boostly has been a major headache for me. Support is terrible at the moment, but I do agree with the websites looking good. Just started using Besty AI this week. Incredible.
Love your content but annoyed with your course. Very generic content on there and its just a paid gatekeeping wall to your upsell “cohost mastery” course. Well played 🥲
Have you been to Columbus? It has a small vibrant downtown, a huge university with avid alumni, a variety of conventions, a well known art center and several professional teams. Dont judge smaller Midwest cities. They sometimes attract big spending visitors
Great info! I have worked with Host clients who purchase these larger properties and also rent out individual rooms in slow season or mid week. This requires more work of course and someone available to lock off unused bedrooms and bathrooms. That said, cleaning costs may still be a bit high, as the kitchen will still need to be cleaned after every guest and they tend to be large kitchens. Most block the individual room calendars during peak travel season and on weekends, only making the whole house available.
Does it work in the Philippines?
I don’t know why James doesn’t have 100x more subs! I recently subscribed & I’ve owned 2 STRs for decades. James is one sharp operator. I just signed up for a free class. If it goes well - I will join Bnbtribe
Thanks so much, glad you're getting value and would love to see you in BNB Tribe!
Let’s goooo
Great video! Exciting to see this technology come to the industry!
I haven't been this excited about STR tech in a long time!
🤖
Why do you talk like a Valley Girl??? Just speak normally.
Thanks for the info James. Going to implement these strategies right away. Question. Are PriceLabs price updates considered "updating listing"? Meaning when PriceLabs syncs new pricing daily, would that look, to Airbnb, like my properties were updated?
Unfortunately not. I've found that actual manual updates will actually move the needle.
The bank would have needed a guarantor regardless of the viability of the plan. Daddy probs would have saved the day there also.
This video doesn’t explain a lot of hidden savings that the dad is able to provide to his son. So kinda misleading. Owning a general contractor company is lucrative that I can promise you the son clearly took advantage. It’s not a one person project, it’s a family project. Not hating, just seeing it from a different perspective.
Yeah they saved about 30% on construction costs because obviously they weren’t paying a general contractor (because his Dad took on that role). So that definitely saved them a few hundred thousand (that his Dad ultimately earned back from his equity share in the end).
If only we all had a dad who could loan us half a mill.
Finding a business partner who has access to credit is pretty doable tbh. His dad didn’t loan him half a mil, he took equity in the deal and provided access to a line of credit
Great video!
Thanks!
How he turned 50k into $7 million? by having a rich dad give him half a million 😭
Half a million in DEBT. Very different from half a million lol
@@james.svetec DEBT owed to your parents is very different from DEBT
The debt was owed to the bank. His Dad gave him access to a line of credit… from the bank.
I believe it is called capitalism...If not to your liking can move. Nothing forcing y'all to stay.
There’s not one word in the Constitution establishing capitalism as the primary economic force in America. America was founded on democracy, not capitalism.
Don’t think America is gonna switch anytime soon lol
@@PaigeOnePictures i agree. BUt now we are capitalists. Agree, reform or leave...can you fight this? Prob not..
Excellent Information 🙏
Great video James! Did you come across how he paid for furnishing the cabins?
All funded via the line of credit and construction loan to my knowledge!
Paid $0 in tax after all that gain? What a despicable human being. There is nothing honourable in creating great wealth, not contributing to society whilst expecting to be saved should you falter.
Well he paid $0 tax on the $500,000 in income. He did end up paying tax upon the sale of the property. And if you watch the video, he used a tax DEFERRAL strategy, so he'll need to pay the tax later, just not now. Nothing dishonourable in my book about paying less taxes legally! Also, do you think that paying taxes is the only way to contribute to society?
@@james.svetec One has to question their moral compass when paying $0 in tax after turning $50k into $7m as per your title. The majority of the global working population contributes to society via an adopted agency. Not perfect but it is what we have. Some of the most wealthy in society seek to practice legal tax reduction. Fine. But what kind of person are you? Taylor Swift benefits from a 50% average reduction in property taxes through a scheme you approve while the majority of Americans are choking on increased rates of property tax. And she has the vitriol to sing about hardship. There's no measuring stick long enough to gauge that hypocrisy. By all means reduce your tax legally, but a multimillionaire is still going to be a multimillionaire after 50%.
That's a fair enough point of view (though not necessarily one that I agree with). I'd argue that *most* of those who make significant income actually do so by contributing more value to society. The government also doesn't have a reputation of spending taxpayer money wisely, so legally giving less money to them (using schemes that THEY created) I think is prudent. I'd much rather see someone like Taylor Swift deploy that money to sources other than the government, where it'll make a greater positive impact on society. I also don't think that being successful in life precludes someone from being able to experience or express negative emotions. We're all just human after all :)
@@james.svetec I hear that one a lot, the wealthy do more for society. I would love to believe that. It seems to me they have convinced their flock well as inequality now reaches obscene levels. Did you know in America alone 1% of households held 32.3% of the country's wealth, while the bottom 50% held 2.6%. How did we get here? Tax avoidance is a key contributor to this statistic. And now, somehow, people defend the ultra rich over government who ultimately provide security, food, energy and infrastructure as the rich build rockets for jollies to low earth orbit. Incidentally, Taylor Swift has taken 160 private jet flights over the past 12 months . Not once for business purposes, just personal use. Fine. But are we fine with an individual who has annual carbon footprint equivalent to 1,800 times the average joe? How does that benefit the greater society as the climate visibly deteriorates around us. I'm not trying to be facetious, more just a despair at the way things are and the unwillingness of individuals to recognise it. Even resist it.
I don’t know that they’d be wealthy if they didn’t provide more value.. the reality is that they gain money by individuals parting with their dollars, which they only do if they view the product or service being provided as being equal or greater value. Income inequality is a whole other topic, and again in an ideal world I agree that there’d be no corruption, but alas, as you said the system we have is the best that we’ve got. I also think the reason many people tend to side with the wealthy over the government is because the exchange of value is generally more fair. I pay a few hundred dollars to Taylor Swift and I get a fun concert. I pay tens of thousands to the government and watch them waste it all away on inefficiency, bureaucracy, and the corruption you’ve pointed out.
Your video was very helpful.
Glad it was helpful!
how to check the ranking of AirBNB keywords according to SEO
Airbnb doesn't allow guests to search with keywords. However to check how your property ranks in search, just open an incognito window (using a VPN can also help) and search for your listing on Airbnb!
If airbnb is illegal in the country that I live, can I do co-hosting in another country without living there ?
Yes, absolutely!
If airbnb is illegal in the country that I live, can I do co-hosting in another country without living there ?
Yes, absolutely!
Hey all! Sam here, cofounder of Besty AI. Big thanks to you James for doing my job for me! Reach out to James if you want to get an exclusive discount for signing up.
Legend!
Hi Dude, would love to do a quick call with you and get some tips on how I could maximise. My property is quite busy but I want imrove my pricing a little
Have you checked out BNB Tribe? Would be perfect for what you need: bnbmastery.com/bnb-tribe/
Show the reservations or occupancy of the listing.
I'm interested in that video. I have a second listing that is not performing well and am considering adding VRBO along with existing Airbnb.
Thanks for sharing
Thanks for watching!