START AN AIRBNB NASHVILLE BUSINESS! MAKE MONEY ON AIRBNB WITHOUT OWNING!
Hello, everyone I'm really, excited about this. Airbnb Nashville. Video I was, doing some research last, night and I. Had. To do this video it's, for anyone who has any interest in Nashville, and if, so why you should, start your. Airbnb. Nashville, business, and. Especially. If. You'd. Like to, make a lot of money on Airbnb. Without. Owning property, i'm jim g from jim g coaching club calm and in, this video i'm gonna take you quickly through the numbers, so. You can see why. Nashville, is a goldmine, for, Airbnb arbitrage. Then. I will show you how. To get started, I'm. Gonna give you a little peek into my. Live. Portfolio. Online to, one of my live Airbnb, portfolios, right there online so. You can see how it all works and. If. You. Watch, to the end I'm, gonna give you access to, my free, Airbnb, getting started cheat sheet, so. That you could run, with this information, and. Potentially. Have, your first Airbnb. Passive, income, property. Within, a week or so without. Owning. But. Two things before we get started the, doors to my Airbnb. Accelerator. Coaching. And mentoring Academy, are. Now open, it's, by invitation only, so. If you're interested, in coaching or mentoring then. Just, set up a live, one on one call. With me by. Clicking. On one of the links in the description below, and. Second. If you. Like the information that, I share with you today I want you to like and share, this video and subscribe to, my channel. Other. Than that let's, get started. Okay. Okay. So now, you're gonna see why I was so excited. And and, so. Let me I'm gonna I'm gonna try and fly through this real quick for you I'm, not really trying to get into a heavy, heavy detail, but just so that you could get a general, understanding, understanding. And, feel for what the. Gist of what I'm talking about is and and. What I found and how it's gonna benefit, you and then, and, so you can just take it and run with it and if you want to know more, if you, want more detail, as to how to do certain things right. Right on my on my youtube channel you'll find a lot of a lot of videos. That I do where, I get into a lot of detail, as to some, of the things I'm gonna be discussing here right so so. Anyway let's let, me let me get started so first things first right um what. I want to look at is I, want, to look at Nashville. So, let's talk about Nashville just, for a second this is a website I came across it's called macro trends and this, website shows, you the trend, of the population. In Nashville, and. In any area actually you could do two research, in any area and what it's showing is that every, year the. Trend is it's going up now we already know Nashville. Like we we I mean if you have an interest in Nashville, then. You know Nashville, is just a great place with what people like to say is is that it's a it's a small town in a big city there's. A lot of wonderful things about Nashville, so when you if you if you do like to try if you've never been there, then, you you may not necessarily get.
It But, if you've been there then you know what I'm talking about right and um, and so it's. A place, that many. People like to go to right. And let, me tell you how I know that also is, because. I also, did some some. Statistics. On. Nashville. Tourism, and. Nashville. Tourism. This site is called. Community, Impact I've got, community, impact calm and it. Says, Nashville. Sent to tourism record. In 2019. With. 16.1. Million, visitors. So. It's telling me now here. In that, that Nashville. Has. A population, today of 1 million 249. 249. Thousand, he's telling me that just, last year, it had, 16. Million, visitors. That came into Nashville but, not only that but, it's also talking about how the trend. Has. Just. Gone up and up and up as far, as people. Coming. To Nashville so, back, in 2013, here were twelve million 13 million 2014. 13, point, 5 million, 2015. 13 point nine million fourteen. Point five fifteen, point two sixty point one so the trend is going up it's go all going in the right direction right, and. So then. I, look, at this I saw. Long stars is a another. Website called lone starter comm and what, this does is it's telling us about. Nashville. And the. Population. Growth, expected. And so. Right, now when it talks about Nashville it's just it's not just talk about Nashville itself, but it's also talking about the, other 14, counties, in the metro area of Nashville. Right in in metro area of Tennessee and. What. It's saying if you read this it says that. It's it's, set to soar, 38, percent. From. 2010. To 2025. So. Today. They're. Saying it's it's, just over, 1.8. 1.9. Million. People. In that in that County area right, the Metro County area and it's expected to get up to 2.4. Million. Right. So. So. From 2010, 1.7. To 2.4, million. 3. 38 percent increase over 50. Your period and this is showing again. That, it's expected, to get up to 2.4. Million people so there's. A ton, of people, going in Asheville, and they like it right, here's another sight of the culture trip.com and it tells you why people come, to. Nashville and what is it saying it's saying. There, it says what they're imagine there, are major US cities such as New York City and East Coast on the, East Coast in LA on the west coast that attract, millions, of, visitors each year in the, South there's, Nashville, it says more, than just a country music hotspot, Nashville, is a small town that's what I said small, town trapped in a big city and that's where I kind of got that I that idea I was reading this and it makes sense it says them you know always live country music it, says but, you'll find a lot of rock blues a Christian. Pop. And. There's always always. Live. Music, everywhere there's live music everywhere, also it says you. Know it's easy to make friends you'll, run into celebrities, that Reese. Witherspoon, and. You. Know food a lot of good food in in, Nashville, it. Just says you know there's. A lot of stuff going on basically there's, a lot of stuff going on so. I. Look. At all that and then I go alright. Let's. Take. A look at Airbnb right, cuz I'm always I mean I'm an investor, real estate investor, that's what I do I'm, also, a coach in a mentor, and so, I'm always researching, things also even. In areas that I may not be looking at specifically, but you know I may have students. That have an interest or, or. Some. Other things I like to point out to my students as they're looking to grow and do things remotely as well so, as. I. Came, across some, of this information on Nashville, I said. Let me go over to Airbnb and, take. A look at you. Know if there's this many people coming to Nashville then, it should be a ton of Airbnb, s right and. Let's. See what I found and. Not. Only that but. It there also should be.
You. Know the property, should be pretty high as far as rentals are concerned the cost of property should be pretty high. Neither. Of those are the case what. When, I look at Airbnb I go on I look, and. So. I did I was on Nashville stays and what, it's showing me is look, I mean there's not a ton. There should be dots everywhere there's, not a ton of properties, on Airbnb, there's. Not a ton there's enough but but I said okay now. If there's not a ton that means the people that are actually doing. Their listings, they, should be they, should have hundreds, of reviews so. If. In, fact there are that many people that are interested is coming to Nashville, and and. It's. In. Staying, there. In you. Know in an air B&B and so what I look is and when I look it shows, this person's got 160. This person's got 298. This person's got 234. This person's got 304. This person's got 386. 450. 160. So. Now. Like, bells, and whistles are going off in my head because I'm saying this is the thing that I look, at when I'm when I'm considering, an area. Or when, I talk to my students about considering, an area and it's, about. Saturation. And demand. And in this case there's, very high demand, meaning, the more people the most people out of all the people that are looking, to to, book on Airbnb when. They come to Nashville most. Of them have to go to a hotel because there's not enough places which, is why everybody. Has such, high. Reviews. Right, because the reviews, are not the number of people that stay it's, actually the number of people that, that, stayed. -. The people that didn't leave a review so, there's, more people that stay then actually, leave review, left review so, it's telling me that just, a few people that are on here are just making a killing right, they're making a killing they have very high occupancy, and. But. What does that mean to me and you what, that means to you if you have. Access. To property, whether it's your own place, whether, you own it or you lease it and you have extra space in your place you if you learned how to put your air be put, that space up on air BnB the. Correct way then, immediately. You're, gonna be able to start making generating, income right. Boom. So let me talk to you about how, much what that looks like from a price from up from an income perspective, I'm gonna do that real quick so I know I'm moving quickly but I want, to get through this because I'm trying I'm trying not, to have a long drawn-out, video here my, last couple were really long and I'm just I'm really not trying to do, another long one so in anyway in any case here's here's, the, the. Calculator. And this is what I did so when I looked I looked at the average stay and just. So you know these. Are for private rooms like, these are the numbers for private rooms when I go when. You look at private, rooms, the, average, stay and this is all we do we deal with business business. Travelers those, are my clients, that's my niche that's what my students, do as well business travelers you make a lot more money doing, private, rooms for business travelers in a space where they, share the bathroom kitchen, living room it's unless, there's a room inside, the house that has its own private bedroom bath. Then, you know then you. Know it's, still a shared, space because they're still sharing the kitchen. In the living room but, but. It's it's a great niche and the, Airbnb algorithm. Loves, these, kinds, of. Of. Listings. Because, there's a there, are a number of people out there that are not trying to to to, come, in and pay for a whole house when they go somewhere they just they just want a nice, clean safe. Affordable. Space that they can lie their head in a shower when. They come into town whether, it be on business or for events or whatever and then you know and then they're gone so they're happy they're excited when they get here and then they're going then the next person comes right but then you have like two three four or five rooms in. In one house that's, generating. Income because they're all their, own separate, listing right and they, know that these Airbnb, guests and business travelers are people, that when, they come they're in an, environment, with people just like themselves so, so, it's a great niche, and let, me show you what that looks like so I did the numbers already on average, it looks like we're getting about thirty five dollars a night here, on average per room and, so what I looked at here is when, I multiply, thirty five dollars at night times, four rooms that.
Equals, A hundred and forty dollars so if all of our rooms were occupied. A hundred. And forty forty dollars a hundred and forty dollars is what we would make right and and. So if I multiply that, by thirty. To. Tell me how much I'm gonna make for the month it comes out to forty-two, hundred dollars, now we, don't expect, to, have a hundred percent occupancy, so, but that is really the baseline, that I, use to give me a maximum. Number of what. I could make on that house so that I can also determine a couple things one what, would I make at, the. Occupancy. Rate that. That. I would that's normal, and what. I can also pay, for rental. So, so. That I could be confident. That, whether. It be up times down times no matter what's going on I'm never, gonna have to reach into my pocket to pay the rent if I'm renting a place to do this right to pay the rent. For. My Airbnb it's always going to come out of cash flow so let me show you how that looks so forty two hundred dollars is what the max you can make on the house on an apartment, and that's at four bedrooms now the other thing is the more bedrooms are better I typically don't do anything less than three bedrooms but the more bedrooms, the better that means if I'm gonna go out and rent a place right, and so and, in fact let me just jump over real quick I'm gonna show you something real quick this is my. Air maybe portfolio, this is my live air maybe one of them anyway and this, one it shows that I I made, one hundred forty-four thousand, 803, this, one has twenty one listings, in in. There and I. Only own seven, of them so the others I lease and so, far for the year so last year we booked forty, five we hosted. 4500, stays in this in, this portfolio alone, and then when I look at where, we are for the year year today this, shows that year, to date as of today, is, six as, of, March 6, I've. Generated. Thirty three thousand, two hundred forty, four dollars for the month right, and so I mean not for the month for the year so far year-to-date, and um. And, so, for the month it's actually showing that I've generated. Just. Over seven just, over seven thousand, actually I'm. Sorry approaching, eight thousand dollars right now right. So so. In any case that's. What it's showing and the. Other thing is the, other thing that I want to show real, quick is.
Is. I. Want to show you the. Type of money. That is generated from. Airbnb as well and with. That what it's showing is, like, one two things one that the the cash flow from Airbnb is it is pretty, much everyday for me right, and so every, day you know when I when I when I when, I guess books every. Me collects the money so, I don't have to ever talk about or worry about money when. Air when, they the date that they're supposed to check in Airbnb. Will do an electronic funds transfer, into. My account so every, day pretty. Much every day they're they're making transfers, into an account and so. Yesterday. They, did a transfer, of one hundred seventeen dollars and thirty seven cents the, day before that seventeen, hundred twenty eight dollars. And 99 cents the. Day before that two thousand, fifteen dollars and seventy, nine cents the. Day before to have four hundred dollars and three cents before that, twenty-two, 2601. Before. That, 157. 155. 117. You get you get the idea you get the picture so so. In any case that's, how this, works so now. That I got that out of the way I want to just show you that like, I'm really doing this stuff this is what I do and um. But. Let me show you what that looks like from. An Airbnb perspective, for you we get back to that when. When. We look at $4,200. Being the most you can make what. I always say is on average when. You optimize properly, the way I do it and my students, do it you've, been a you're going to be. You should be, in. Normal, circumstances. You should be averaging. Between 75, and 85. Percent occupancy. Right. So what, I like to do is in in normal circumstances, like where I'm at and in Rochester, New York you're, going to have. A. Roughly. About an 80% occupancy. That's. Where you should be so some some much you're gonna have higher someone's you're gonna have lower but at all, averages. Out to about 80% right, and so at 80% this, is telling me at 4,200. Times 0.8. Is telling me that I'm gonna bring in I should expect 30, 360. Dollars from, a four. Bedroom place, at, $35. A night right, and, okay. So that tells me that now how. Much can I pay so. Let's take a look at how much I could actually pay, for an Airbnb. Or. A rental, like if I don't own if I don't if I'm not in my own place. Then how much can I pay so. What. I do is you take the 40 you, take the. The. $4,200. And you, multiply, that times. 0.4. Right. So, $4,200. Times. 0.4. Is. $1,680, and where did I come up with that number, 40%. Occupancy so. I had 40% occupancy, in, normal, circumstances. Is really. Where you know you're pretty much I mean you never have to ever as long as you have a pulse as long as you're breathing if you copy my copy my algorithm, my optimization. Properly. Then, you'll. Never have to reach, in or be concerned about reaching into your pocket to pay the rent if you've gone out and rented a place in order to do Airbnb arbitrage. Rental arbitrage right, so so. Now you're comfortable 1680, is what it says we could we could make in this situation. However there. Is much higher demand, in much. Lower. Saturation. Where your numbers are actually going to be higher than 85, 80 % you're gonna be operating between 80 and 90, percent occupancy, in some cases I'm sorry, 80, in ya. 90%, accuracy in some and, some, instances, it's gonna be even higher than that right so, so. What what I did is I looked at well what would I make if I was, at. 85%. Instead of 80 and normal circumstances, in this case let's go up 85, instead of 90 it's saying I'm gonna be bringing in thirty five hundred seventy dollars so if I could pay up to sixteen, eighty four, place right let's go on to zero, Zillo is one of the ways I look at, properties. To get an idea in the area what, you know what they're going for and and, it's. Also one of the ways that I actually get, the properties, as well and that's something I'm not gonna show you in this but you can you, can again. Go to one of my videos I go. Through the whole Zillow, formula, and how all that works and again it's all free information, so go use it right binge out on the stuff use it but. In any case Zillow. Zillow. Is telling me excuse me Zillow is telling me that I can. Bring, it I mean I could pick up a four-bedroom. Property. Here in Nashville. For here's. One for twelve hundred twelve fifty. $12.99. 1288. 1313. Ninety-five, 1400. 1450, 14.95. So, everything, is well under, the, amount, that is telling me I could I could pay which is 1680, right, it's well under that so let's say we, pick up a place you, know and, you. Know a decent area this was thirteen fifty it looks like a nice one. This. One is. It's. A nice house thirteen, so let's go let's, say let's say fourteen hundred let's use fourteen hundred as a number, we're not even paying the whole 1600 so if we are making. At. 80, percent. 3360. If that's how much we're bringing in and we subtract.
Fourteen Hundred from that. How. Much am I making. 1960. Dollars right, that's what it's showing me and if. I'm. Doing at eighty five percent 35. Right, and I'm subtracting the, 1400, from that it's telling me that I'm bringing in, 2020. $170, per month this is monthly, these are monthly numbers guys so, let's, take a quick peek at what that looks like on an annual basis at eighty four eighty percent, if I, if. I'm bringing in 1900. After I pay my rent 1960. Dollars I multiply, that times 12 that's a, total of twenty, three thousand, five hundred twenty dollars at eighty five percent if I'm, bringing. It and, I subtract, the fourteen hundred that's 20 170. If I multiply, that by 12, it's telling me that I'm bringing in twenty. Six thousand, dollars a year so anywhere between 23, and twenty-six, thousand dollars a year on one. Property, after we pay the rent one, property, this. Is why I'm telling you that I, was. Just sick just, I had to get this video done because. If you have any interest, in doing Airbnb. Or if you have any interest, in Nashville. And any, interest in real estate. Consider. This consider it, like just just go, to some of the sites I just showed you and consider. The information, that I that I that I that, I'm I'm just putting out it's really just for your benefit, um, I hope. You take it I hope you use it. Though, I know I went pretty fast but hopefully. You, got the gist to what I was talking about and and. Hopefully. It also added value, to you and if it did. Type. In the comments, below needed, that needed that in the comments below, so. Now you can see why I was so excited about. Sharing. The, Airbnb Nashville, information, that I just shared with you and why, I'm also so excited about and why. I love the, Airbnb, passive. Income, strategy. For. Building. And starting, an Airbnb. Rental, arbitrage, business, without, owning property.
First. It's. Simple. Second. It's. Predictable. It's, reliable. Cash flow it's daily. Cash flow and you. You never have to worry once. You get your first one you'll, never have to well, your first your second, one you'll never have to worry about money anymore. So. Who. Is this for like Airbnb. Passive. Income is for. Whether. You're a real, estate professional whether. You're a landlord whether, you're a newbie, whether, you're flipper whether you're a wholesaler. Whether, you're a stay-at-home mom, or dad whether you're a student like. As long, as you have, a little, bit of interest in real estate and, either. Desire. Or the need. To. Have. Two. To, four to, 10k. Passive. Income monthly income. It. That's. It that's what that's what for I mean, it's great to have the money you, have a little fun right you have the income you have a little fun but. It's also it's mainly, really to give you freedom now to, finally. Be, able to do the things that are, really. Important, right, the things that are really important, to you spending. Time with family. Friends, and loved ones like, quality, time. Being. Able to you. Know be more of a blessing to your church you community being, able to help family, members that just, you know need really, need to help but you can't really do as much in the situation, you're in now being. Able to travel being. Able to enjoy. And. Share your. God-given gifts, as much, as you'd like. And. Do those things because now you have the income you have the freedom without. Having to to, to, punch a clock right. Or to be running. Around doing a bunch of things to earn, extra income because. You're trying to make ends meet that's. Who it's for so. It, really, doesn't matter which, category, you fall into. If. You, just decide to, do things just a little differently, then, what you're. Doing the way you're doing it today take, the information that I gave you take. Information. From my my youtube, videos that. You'll see you. Know you can go in just again binge watch the stuff because I get into detail, download, the free cheat sheet that's in the. Description below and. Start implementing, implementing. Using, the information then. Whether. You have a place of your own that. You're already in and you have the space or you're, going out and get in a place. It. Really it really doesn't matter how you start, as long as you get started and if you get started, like literally, after you have your your your, first couple places like, life. Will. Be different for you like, it will change dramatically. Right. When you take a look at the numbers I mean how much with two thousand, four thousand, six thousand dollars. Per. Month mean. How. Much of a difference would it make for your life so again if you have, fifteen. To. Thirty minutes a day that you can carve out and, you. Can follow some. Simple. Directions, simple, steps then. I recommend you download the free cheat sheet utilize. It watch. Some of the videos and get started however. If you. Just if you're if you're just thinking well you know what I don't want to bounce, back. And forth from video to video and, and you know just to kind of get started then. One thing you can do is inside. The description you can also go to my my, free, Airbnb, Empire. Masterclass. Go ahead and download that information, and then after, you do not download it watch. It watch, the information, and then after you do that apply. To join my, Airbnb. Accelerator. Coaching. And mentoring, group once. You do that what's. Gonna happen is you, I'll, set, up 101. Appointment. With you about an hour and then we'll, just talk and see really what your current situation is, and what it is you're trying to achieve and if I believe I can help you get there I'll explain, how we do that and and. At, that point you you, and I will put our heads together if we, decide and think together, it's a we're good fit working together then, I'll, just get you going I'll get you started so I appreciate. You guys watching the, video. And. Again if you, got, value out of it like and share the video and subscribe to the channel and, again.
As, Always. God. Bless you and I'll see you on the next video, bye. Bye.
2020-03-13 06:08
