Above 25% Gross Rental Yield rentals in Greenville. Co-hosting 6 properties. Owner of Airbnb Marketing Agency. Bnbthesmartway.com
Today's guest is Renee. She cohosts 6 properties at Greenville in South Carolina. Cohosting here means she primarily runs someone else's property and gets a 20% commission from revenue. She also runs a marketing agency for Airbnb hosts. It's www.bnbthesmartway.com. Her listing is called "Open Hearth Cottage- 3 miles to Downtown + Furman," is generating $46,000 in revenue (after paying a cleaning fee, service charge, and supplies). Considering that this type of property can be bought at below 200k, it is an impressive rental yield. Visit: www.bnbthesmartway.com to get more Airbnb bookings. Listings: www.airbnb.com/h/openhearthgreenville Vacation Rental Career (00:57) First property: 2018 Aug First co-hosting: 2019 May Six co-hosting properties: 2020 Mar Owner of Airbnb marketing agency - www.bnbthesmartway.com Key numbers (6:10) Target minimum $160 per night / 65% occupancy rate In average $3,500 - $4,000 per month in revenue (Assumed $170 / 75% occupancy rate = 3,888) (8:40) In Greenville, you can get a 2bedroom house around $200,000 (7:10) About her business (9:25) Run Facebook Ads to keep their Airbnb Search ranking up. Software (11:15) Yourporterapp.com Turoverbnb.com Pricelabs.co Reasons why Renee is co-hosting instead of rental arbitrage (12:45) How does she find co-hosts? (13:30) Networking Member of BSI (Business Network International) Airbnb tips (14:48) A comprehensive 5-6 pages checklist of everything that needs to be in the house Small things like ice cream scoop, snacks, water, soda, welcome message on the fridge, 25-page guide book. Extension cords wherever needed for guests convenience (eg. near a bed) Beach towels for pet owners Dog dishes, dog house. Podcast sponsored by Airbitcs - find more interviews here.