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How Much Money You Need For An Airbnb Business Startup (2019) 

Robert Iacob
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How much money did I spend in order to start my airbnb business? I breakdown where the bulk of the cash ended up going.
#airbnbbusiness #startup #rentalarbitrage
How Much Money You Need For An Airbnb Business Startup
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29 авг 2024

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Комментарии : 132   
@MoneyRecall
@MoneyRecall 5 лет назад
Walked in on solid haha thats great.
@robert_iacob
@robert_iacob 5 лет назад
Money Recall omg it was incredibly awkward
@MoneyRecall
@MoneyRecall 5 лет назад
@@robert_iacob I bet. Low key envious I have been away from civilization to long to start up with any brick and mortar ideas.
@robert_iacob
@robert_iacob 5 лет назад
Money Recall you will have your time! I have an older whose last day in the marine corps was today! 4 years of that behind him. You’ll have the opportunity soon enough 👊🏼
@boknows2133
@boknows2133 5 лет назад
I really need help trying to get my first deal. Do you a lease or what?
@robert_iacob
@robert_iacob 5 лет назад
Anthony Pacheco I have a one year lease agreement
@ewbruddauh21
@ewbruddauh21 4 года назад
This is what I like, concise and direct videos without talking unnecessary things, Enough and effective. Amazing vid
@robert_iacob
@robert_iacob 4 года назад
Thank you so much. I will continue producing this type of content!
@aliinaboricua8040
@aliinaboricua8040 5 лет назад
im telling you... since little i had problem talking to people and now i had to talk to bunch of people.... i got lots of NO! it hurt so bad but yesterday i was watching your video and the other guy and i decided i wont get any no anymore... and it happend, 2 home owners called me :) and now i have 2 empty homes and i have to do everything fast :D everything is working good so far, the bad part is i am in a island where is not amazon friendly nor craigslist, so i have to invest more then i would in US :) thank you for your videos!
@robert_iacob
@robert_iacob 5 лет назад
I am so happy to hear this from you! Where are you from?! This is why I have this channel, the fact that you’re able to start is so incredible. I’m sure you’ve learned so much from your experience with rejection. And you’re a better person because of it!
@LethaLMagiik
@LethaLMagiik 5 лет назад
Finally a video that gets straight into the point
@robert_iacob
@robert_iacob 5 лет назад
Thanks for the feedback!
@DamonLeeK
@DamonLeeK 5 лет назад
Love the transparency Robert. I have never even thought of doing this. Will definitely look more into it, especially because I have an appropriate amount of liquidity, but probably just not enough to buy yet. Thanks!
@robert_iacob
@robert_iacob 5 лет назад
That means a lot! It’s a relatively new and innovative way to match the imbalance between two markets (home sharing and traditional renting). You’re welcome, thanks for the comment!
@rhondasponders52
@rhondasponders52 5 лет назад
😂😂😂😂 he was early. I loved the look on your face.
@robert_iacob
@robert_iacob 5 лет назад
Haha it was definitely a surprise. Especially since I was filming 😂
@tanyaboboescu77
@tanyaboboescu77 5 лет назад
That first Backround though👍👍👍
@robert_iacob
@robert_iacob 5 лет назад
Our Airbnb is a little oasis, I love it there tbh
@tracy3066
@tracy3066 5 лет назад
Robert Iacob I loved the plants. To bad live ones aren’t working out. I was just going to get some until you said it wasn’t a good idea. Not sure I’d like fake plants in my short term rental.
@jesseancira4740
@jesseancira4740 5 лет назад
I admire the humble presentation. Thanks for the tips.
@robert_iacob
@robert_iacob 5 лет назад
Absolutely! And thank you Jesse!
@jaredritter2539
@jaredritter2539 5 лет назад
Solid content by an average dude. Thx for putting this out there Robert.
@robert_iacob
@robert_iacob 5 лет назад
Thank you Jared!
@alysafinch5090
@alysafinch5090 5 лет назад
😂😂😂 I was just doing yoga. What an awkward situation. People don’t know how to check in on time.
@robert_iacob
@robert_iacob 5 лет назад
Alysa Finch it happens :) we handled it like pros
@alysafinch5090
@alysafinch5090 5 лет назад
Robert Iacob “uhhhh I got your twizzlers” totally pro
@robert_iacob
@robert_iacob 5 лет назад
Alysa Finch totally
@olivianichole288
@olivianichole288 5 лет назад
We are thinking of buying an Airbnb investment property and then just refinancing and using that money to buy more rentals...however with rental arbitrage I wonder what kind of contract to use when talking with the landlord and ensuring we are on the same page.
@serg_lupescu
@serg_lupescu 5 лет назад
Haha how to be super hosts 😂
@robert_iacob
@robert_iacob 5 лет назад
Serg Lupescu haha bro we both almost had heart attacks when they walked in -_-
@0bbie610
@0bbie610 4 года назад
You gotta have some balls to spend that much money and just *hope* you get a bunch of bookings haha. Was there a specific tactic you had here? How can u have more faith that the property will book
@robert_iacob
@robert_iacob 4 года назад
Risk and reward my man, my tactic was learn as you go.
@osmanmohiuddin1
@osmanmohiuddin1 4 года назад
How many days out of the month is your home booked on average would you say? Why didn't you add more homes quicker? Is it because it's hard to find a landlord to allow subletting? Also how many times did landlords deny you until you got a yes finally?
@robert_iacob
@robert_iacob 4 года назад
On average 50-60% without actively managing the calendar. I’ve had the occupancy rate up to 97% percent some months. The main reason. Regulations! Lots of rejections. I’ve been told no over 20 times. (I’m on my second listing.) the key is don’t quit.
@JM-gu3tx
@JM-gu3tx 4 года назад
AirBnB also says it will receive complaints about unruly clients but that is a lie. They don't care. We need to change the law and prosecute them for destroying neighborhoods across America with noise pollution and toxic lung damaging vapors from leaf blowers going on for hours at a time several times a week, not to mention that even the EPA recommends decibel noise not exceed 75 decibels, above which hearing loss occurs and that is permanent. AirBnB is ruthless, callous and doesn't even have the decency to promote low noise electric leaf blowers. They truly are a scourge on America. They more they destroy neighborhoods the more there will be pushback and banning them and their noise leaf blowers ruining people's lives and destroying property values.It gets much, much worse. AirBNB destroys nice neighborhoods, and local property values, with constant (1 hr long jet engine noise) noise from leaf blowers that AirBNB requires by virtue of the fact that pictures have to represent reality, so you have horrible noise pollution by AirBNB owners who hire people to abuse the neighborhood with very loud leaf blowers that supercede EPA recommendations of 85 decibels for preventing hearing damage and sound like jet engines. I have seen Air BNBs have 1 hour leaf blower sessions 16 days out of the month. The is a company that is literally destroying the fabric of the community. Many communities are so sick of it that they are banning leaf blowers or implementing safe hearing decibel ranges of 60-70 decibels. It causes a lot of emotional distress, too when people can't hear themselves think. Very disturbing and abusive behavior caused by AirBNB.
@jenniferkannapel9450
@jenniferkannapel9450 5 лет назад
Thanks for the video! Good job!! Why did you spend 1/3 of your furnishing budget on real plants? Better furnishing is more valuable.
@robert_iacob
@robert_iacob 5 лет назад
It was a dumb mistake 🤦🏻‍♂️
@ZacharyLaid
@ZacharyLaid 5 лет назад
💯💯💯💯
@robert_iacob
@robert_iacob 5 лет назад
Zachary Laid Finding Freedom 😎
@traceyjennings3876
@traceyjennings3876 5 лет назад
I have heard you need to have a credit score of 680 or better. Did you find that landlords were sticklers on this issue?
@robert_iacob
@robert_iacob 5 лет назад
I personally have not. If that is the case there are easy ways to improve your credit score!
@Financialminds813
@Financialminds813 3 года назад
Rob where do you buy your properties? Thanks for all the awesome content!
@robert_iacob
@robert_iacob 3 года назад
Thanks! I rent them all 😉
@dylome13
@dylome13 3 года назад
Thanks for sharing ideas
@robert_iacob
@robert_iacob 3 года назад
You’re welcome!
@geewiz8253
@geewiz8253 3 года назад
What happens when your renters destroy the property or destroy something in the property?
@robert_iacob
@robert_iacob 3 года назад
Try charging them but most of the time you eat the cost.
@osmanmohiuddin1
@osmanmohiuddin1 4 года назад
Did you think about double dipping and renting your guests cars on turo?
@robert_iacob
@robert_iacob 4 года назад
I have tried it but no one Turos in Springfield for some reason. My Jeep is on there for $120 a day!
@aaaaaaa_9823
@aaaaaaa_9823 4 года назад
@@robert_iacob Are you in Springfield in IL or MO?
@tracy3066
@tracy3066 5 лет назад
I haven’t set anything up on VRBO yet. Do you get many bookings from their site?
@robert_iacob
@robert_iacob 5 лет назад
Yes I get consistent booking through them. They fill up a lot of our holes in the calendar! It’s the exact same structure as Airbnb and their customer support is awesome!
@ayshika
@ayshika 4 года назад
Awesome! But what happens when you spend all that money on the leased property and you list it but you land no bookings for a while? You still have to pay rent with no profit on empty months? (very new to this 😅)
@robert_iacob
@robert_iacob 4 года назад
That’s exactly right. If you’re optimizing the calendar you’ll always be booked.
@SalesWhispererTH
@SalesWhispererTH 4 года назад
Do you find it financially beneficial to be on VRBO as well? Do you make much from that avenue? Or if you had it to do over again, would you not spend $ that way?
@robert_iacob
@robert_iacob 4 года назад
Being on Vrbo is definitely financially beneficial. Airbnb bring the majority of guests, and vrbo fills in the gaps nicely.
@SalesWhispererTH
@SalesWhispererTH 4 года назад
@@robert_iacob Thanks!! We are just getting started and have our first one up and running and getting the next 3 furnished. Appreciate the intel.
@robert_iacob
@robert_iacob 4 года назад
You’re welcome! And congrats! That’s incredible
@SalesWhispererTH
@SalesWhispererTH 4 года назад
@@robert_iacob Thanks! Been in RE for a decade and a half, yet first foray into this. Just had our very first (young) guest complete their stay. Wow! You get to learn all the fun stuff right up front, right? Ha. Guest said they were staying there with a few friends and sibling to go to State Fair. So, as of this AM we are proud new owners of a case of beer and spiked strawberry lemonade, a vape, lots and lots of red solo cups, ping pong balls, etc.... lol! Bonus no towels or hygiene products used.🤣
@robert_iacob
@robert_iacob 4 года назад
haha I love the learn as you go principle. That is so funny! Guests leave items behind (especially beer) all the time! I am happy to hear you are enjoying is so far.
@dwanellwarren
@dwanellwarren 4 года назад
What market are you in? And how do you know if a market is a good market for air bnb? How many properties or air bnb would it have to be in a certain area minimum?
@robert_iacob
@robert_iacob 4 года назад
Midwest, there are a few things to look at that determine a good market. Population being one of them.
@dwanellwarren
@dwanellwarren 4 года назад
@@robert_iacob Hey thanks, i seen your last comment to my answer! Im also in the midwest, Lake county Indiana! My question is when i look in nice area's i only see that there are 10-12 active rentals in the area doing air bnb! My questions is this still a viable area to do air bnb in? Or should i pass and go to another location where I see 30 plus? Thanks man
@albertwilson959
@albertwilson959 4 года назад
I was wondering did you take a online course you said something about tai lopez in the video. I was thinking about purchasing brian page course for airbnb but tai lopez is a grand cheaper I am just curious?
@robert_iacob
@robert_iacob 4 года назад
I didn’t take a course, all self taught. I jumped in and learned from experience! I have a course for $497 that has the same info offered Tai Lopez’s + Brian Page. Along with personal contact with me.
@osmanmohiuddin1
@osmanmohiuddin1 4 года назад
Do you check local ordinance and zoning laws to see if the city allows short term leasing?
@robert_iacob
@robert_iacob 4 года назад
Yes. That’s the first thing I do.
@matthewcTV
@matthewcTV 2 года назад
how do you pay multi land lords always had me puzzled is there an app for that
@LOLATHEMANAGER
@LOLATHEMANAGER 3 года назад
So you get these leases in your name or you did it under a business (LLC)? And how did you pitch to the landlord/property mgmt?
@robert_iacob
@robert_iacob 3 года назад
I have an LLC and a C-Corp. let them know exactly what you want. You’re paying them rent that’s all that matters.
@ernest4520
@ernest4520 3 года назад
nice video bro , as of nov. 2020 how many properties you have under your belt?
@robert_iacob
@robert_iacob 3 года назад
28 units and I just closed on an apartment style building! Check my IG 🙏🏼
@ernest4520
@ernest4520 3 года назад
@@robert_iacob Congrats bro!
@shannonpizano4005
@shannonpizano4005 5 лет назад
So after I purchase Tai Lopez's course I will have to have some additional cash to cover the cost of fees and furniture, etc?
@robert_iacob
@robert_iacob 5 лет назад
Shannon Pizano yes, depending on where you live I’d say you’ll need about $4K-5K to be successful. You could go cheaper(cheaper furniture/amenities) but the guests will give you bad reviews and give you a bad value rating. Without consistent 5 star reviews you won’t book very often.
@shannonpizano4005
@shannonpizano4005 5 лет назад
@@robert_iacob I live in Scottsdale Arizona. It's a gold mine out here for this course. Lots of events in the area. I have about 5k to invest up front so I'll definitely keep that in mind. Thank you for the info. I appreciate it.
@robert_iacob
@robert_iacob 5 лет назад
@@shannonpizano4005 you're welcome! Thank you for reaching out!
@tracy3066
@tracy3066 5 лет назад
Shannon Pizano you don’t have to take his course. There’s lots of info out there!
@indian81able
@indian81able 4 года назад
Are your leases month to month, every six months , or is it a twelve month lease??
@robert_iacob
@robert_iacob 4 года назад
12 month-24 month
@TalkwithDennis23
@TalkwithDennis23 4 года назад
Six properties, are they all a single family homes?
@robert_iacob
@robert_iacob 4 года назад
So far two of them are single family.
@nellakane2622
@nellakane2622 4 года назад
How long are the leases that you sign for a first time property?
@robert_iacob
@robert_iacob 4 года назад
One year with first right of refusal
@nellakane2622
@nellakane2622 4 года назад
I got my first refusal today. Landlord explained some high taxes that he would incur for renting short term in an apartment complex down here in Tucson, AZ. Know any tax repercussions about doing this for landlords?
@brantblk7360
@brantblk7360 4 года назад
I’m in California this is going to be expensive
@robert_iacob
@robert_iacob 4 года назад
Make sure and do your due diligence. You’ll be okay.
@geebabyyy1002
@geebabyyy1002 3 года назад
What about the LLC?
@robert_iacob
@robert_iacob 3 года назад
Important.
@tracy3066
@tracy3066 5 лет назад
Wow that sucked that a guest just showed up early without letting you know. I’ve had guest checkin early but they’ve always asked me in advance. I also will be getting a lock where it only works at the 3pm checkin time unless I adjust that time.
@robert_iacob
@robert_iacob 5 лет назад
That’s really smart I’ve never thought about that! It’s okay they were really nice and went to grab a bite to eat while we finished up.
@ZacharyLaid
@ZacharyLaid 5 лет назад
Lol awkward
@robert_iacob
@robert_iacob 5 лет назад
Zachary Laid Finding Freedom you have no idea.. I had my entire filming set up there, who knows what he thought I was shooting 💀
@ZacharyLaid
@ZacharyLaid 5 лет назад
Robert Iacob hahahahaha oh man 😂
@osmanmohiuddin1
@osmanmohiuddin1 4 года назад
How many properties do you have by now?
@robert_iacob
@robert_iacob 4 года назад
Just secured my second property, third coming November.
@ItsTheseMoments
@ItsTheseMoments 4 года назад
@@robert_iacob How much did you make your first month ROI on 1 unit if you don't mind me asking?
@Diligently2U
@Diligently2U 4 года назад
How can I get my landlord to agree to my Airbnb.
@tiffanydrake1652
@tiffanydrake1652 5 лет назад
How soon did you make your return back
@robert_iacob
@robert_iacob 5 лет назад
3 months of net profit I made this back.
@CHEVYZEL
@CHEVYZEL 5 лет назад
Nice been sleep on this
@robert_iacob
@robert_iacob 5 лет назад
Thanks, this is the cost of opportunity 💰
@khadimdieng4338
@khadimdieng4338 4 года назад
Lol his face 😂
@robert_iacob
@robert_iacob 4 года назад
Caught me off guard
@ericafarley2850
@ericafarley2850 5 лет назад
Did you replace your day job with Airbnb?
@robert_iacob
@robert_iacob 5 лет назад
Airbnb is one of my four sources of income. Between the four revenue streams, I was able to quit my job and sustain myself. Airbnb has the potential to bring in 6 figures in the short term which is why I enjoy this opportunity.
@LifeCoached
@LifeCoached 5 лет назад
can i start airbnb while im in the philippines? thank you
@robert_iacob
@robert_iacob 5 лет назад
Yes you should be able to. Airbnb works anywhere you have an internet connection. When I traveled to Indonesia I stayed at multiple Airbnb’s.
@robert_iacob
@robert_iacob 5 лет назад
They are in over 190 countries around the world.
@LifeCoached
@LifeCoached 5 лет назад
wow! so how to start airbnb business
@LifeCoached
@LifeCoached 5 лет назад
i mean like for example i want to start this business in las vegas while im in my own country, how does it works thank you
@robert_iacob
@robert_iacob 5 лет назад
You would have to get in contact with someone in the states to do all the leg work for you. Trying to set it up without being present here would be difficult. You can fly to Vegas, get something set up and manage it from the Philippines.
@lll3388
@lll3388 2 года назад
How much but In CA 😅😅
@radugradinariu9667
@radugradinariu9667 5 лет назад
👍 💯
@robert_iacob
@robert_iacob 5 лет назад
Thank you Radu, the algorithm will bless this video now
@MrRudeboy5
@MrRudeboy5 3 года назад
Dude where you at??
@robert_iacob
@robert_iacob 3 года назад
In this video: my first Airbnb property. Currently: setting up 5 units in Des Moines, Iowa
@MrRudeboy5
@MrRudeboy5 3 года назад
Robert Iacob OK, I was just wondering because I haven’t seen you upload in a while.
@robert_iacob
@robert_iacob 3 года назад
Drew’s World check my recent uploads! I’ve put some fresh content out.
@MrRudeboy5
@MrRudeboy5 3 года назад
Damn! How come I wasn’t notified when you posted. About to go watch them all!
@robert_iacob
@robert_iacob 3 года назад
Drew’s World the algo hates me for disrupting my upload schedule lol
@DinizEngland
@DinizEngland 4 года назад
First 3 partners wanted: contact via www.roomtify.com Doesn’t matter where you live.
@robert_iacob
@robert_iacob 4 года назад
Epic!
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