My Container Home Lost Money on Airbnb Last Year 

Exactly ;)

Good way to put it. I guess I was explaining from a cashflow perspective. Like I mentioned in the vid, if I did dial back the loans I could have this earning me money each year and the numbers you said are accurate. 🙌🏻

​@@devonloeropso it's just clickbait then. "Not gonna sugar coat it." Got it. Never recommend videos from this guy. Bye bye.

@@devonloerop your title is clickbait. Do better

@@carolinabullfighter574 the first person calling this guy out. Finally someone with a backbone. Nothing is more frustrating than seeing people so desperate for RU-vid success they put out miss information and terrible data and clickbait titles.

It was so great to have you guys out on site. Thanks for helping to calm the nerves of launching the home and not knowing it if was going to be worth it! Next time you're back out this way you gotta check out the CH. It's going to be really cool!

Thank you very much!🎉

Trying to work hard in my 20'a so I can play a bit more when I'm older. Working on something really cool for this fall 🤫

Thanks man! Stoked to see you start building your plot out soon!

I hope so!

I hope so too! I love building and showing yall.

Thanks! It's doing well, 2024 is going to be interesting.

thanks a ton, I slowed this one down a bit and took my time producing it.

Thank you very much!

lol you're one of my true followers to know my mic struggles 😂

Haha so glad to hear! The construction plans mentioned in the video could get you off in the right direction if you're interested.

So much hard work. Social media sees so little of what it takes to make this stuff happen. Best of luck with the build.

I do understand that technically I made $ but that's just in equity. Cash flow, I ran negative for the year.

@@devonloerop yeah, cash flow is important - the life blood of a business.

Thanks so much!

He has no clue how to spend his money. He spent $2,400 in a single month to clean this tiny airbnb... the chances of him understanding a simple concept of paying a loan off as slow as possible isnt going to be something he understands.

My loan terms greatly incentivize paying it down quick or my rates escalate after year 3. So maybe once I get the loan to a manageable place I'll be able to dial it back and think about another build/property.

@@devonloerop so your video should of been titled something to do with paying down your loan quickly. Not giving your audience the impression that what you spent was out of necessity. because you could have spend under 80k easily.

100% he just says whatever he wants to try to become popular on RU-vid. Imagine is family members seeing is clickbait nonsense. Unreal.

Proud of you

🤣@@devonloerop

Huh?

Either way amazing home and awesome videos. Loving the transparency within and the build processes

Bro been watching since you starting watching pacific bin 🤧 hook it up with a free night stay up there? 😭I’m from Dallas

This might sound silly but have you thought about raising your nightly rates? Do you spend any marketing dollars on Instagram ads? We’ve found Instagram ads to generate a decent rate of direct bookings and with your video experience I could see you bumping up your rates with a little more marketing

BUILD MORE PROPERTIES!

@@calliousfriendsif you Venmo me $400 I'll gladly give you a 1 night free stay!

@@AestheticFilmFilesthat's actually a big plan for 2024. Since I won't have a build in the works I am aiming to lean really heavy into refining my business processes, and marketing these homes.

Exactly what I was thinking. Screw the people renting it 😂

I've been renting ever since I got out of school in my opinion it's worth just paying $1900/month in Seattle to open up that extra cash to pour into investment likes this. Plus it's a renters economy right now so once I figure out where I wana settle down then maybe I'll look at buying.

When I'm in the heat of a build I usually am working 90-100hr weeks between my 6am-4pm Engineering Job (40hrs), and then I work another 60hr/week on the build. Definitely not sustainable long term but trying to take advantage of the energy I have while I'm young.

No that's a good point. My starting revenue #'s started with taxes already being taken out. Airbnb takes their cut before I get paid out anyways so I don't ever see that cash.

The almighty algorithm!!

@@devonloerop I think it can read our minds now lol!

love the grind tho you're killing it. both those properties are just gonna keep getting sweeter

Yeah.. I guess I just hate the thought of having a debt looming over my head. This just gives me a lot of flexibility and have the goal of becoming my own bank 5 years down the road. I'll still take on short term debt (2-3 year cash infusions loans for the upfront cost of a build in the interim) to build homes but I want to get to a point where I can full cashflow all builds by the time I'm 40. I know this might limit my overall potential but the peace of mind and less stress of no debt is very appealing.

fair play man, love the vision. it's been fun watching all of this grow!

Yeah! Debt free sounds stupid

@@devonloerop It’’s a horrible short-term and long-term strategy. It’s a rookie mistake. Look at the other comments. Leverage is your friend. Instead of paying down your mortgage use that money to reinvest or improve the property. It’s the most basic 101 rule of real estate investing…

How bad do you want it?

Terrible take. You picked the wrong one, my friend.

🤡

@@devonloerop yes you are a clown… you spent $2,400 in a month to clean your small house.

You're not paying cleaners per hour to clean a remote Airbnb. It's probably a 1099 at a flat fee or payment to a larger company who has employees. His number makes sense as each turnaround is costing 120-200 for a cleaner to come in and clean.

I pay mine $250 in Tampa FL. If she comes 3 times a week that's $750 and they use my cleaning supply.

@@vickynoname9860 Just because you pay something doesn't mean it is a good use of money. Doesnt mean it is a fair price. I know lots of people would be willing to spend $250, But there are lots of people who have the ability to get it done for a lower amount and will put in the effort to get it done for a lower amount. He posted something with a title for clicks.

I lost money from a cashflow perspective and I gave a full breakdown on revenue/expenses. Seems pretty accurate to me.

I do particiapte in the community. I've made so many friends and they all think it's great that i've created a secluded space for others to enjoy some of Washington's stunning forest.

With the current loan terms I'm breaking even on a monthly basis. So yes the current annual liabilities are over $120k/year. I explain it pretty well in the video.

@@devonloerop You most certainly did Devon, you most certainly did! Congrats on your amazing journey!

​@@devonloerophe is correct your accounting off. But you're an engineer not an accountant so we forgive you 😂

even if you had a 1 million dollar loan at 10% intrest rate that would cost you less than $9,000 a month. $9,000 x 12 is way less than $120k/year. So yes, When I say do better, i really mean it. Your place didnt cost anywhere near a million dollars. just because you are really bad with spending money doesnt mean that is your cost. It just means you decided to spend a lot more than anyone super smart would spend on the property. I can easily pay my cleaners $500 per clean, doesnt mean your audience wont laugh at you. We are too smart, and we know how much things cost.

why would you encorage such bad data and inaccruate title? It isnt good to share such terriable knowlege to people who will actually thing its accurate and helpful.@@GavinKohAquascaping