You guys are the most honest STR resource out there, your the reason my wife and I finally pulled the trigger after 1.5 years of researching. Thank you 🙌🏽
My husband and I just brought our very first Airbnb property two months ago, and started experienced the haters. Sarah, you are absolutely right.. it is so hurtful...and it also bothered me more than my husband. I am so glad i found this video. at least, now i know i m not alone
My husband and I acquired one property earlier this year and are in escrow on a second. I think the hardest thing for me has been having no one to really talk to and bounce ideas off of. I wish I personally knew someone that can help mentor and that I can speak with. I completely agree that sometimes you think your friends and family will be happy and supportive, but theyre not. Its really sad and disappointing. Noticing that has made me hold back and not share information with people I care about. I totally get you Sara! I feel Im trying something new and these thoughts of passive income are so foreign to the ppl I associate with that they cant relate.
In the same boat! It's hard being socially isolated at the moment, because we're each discovering this business individually when it would be so much easier surrounded by other like minded people.
Yea, I feel like it’s never worth mentioning till all is off the ground and running. Kind of sad you cant always share the journey with friends, but rather strangers. It’s probably why I don’t really tell anyone about my channel where I’m documenting it all. Better it just be people after the same goal, so we can all learn from and encourage each other.
My wife and I have been going to Gatlinburg for years, and just got back 2 weeks ago. We plan on jumping into the deep end and buy a cabin and follow in y’all footsteps. Love your videos, and all the helpful advice given. Haters will hate, use that as fuel and keep grinding.
Your guys channel is encouraging! We are about to purchase our very first Airbnb property so keep these videos coming! Thank you for taking the time to make them
I wanna be Tony when I grow up!! I currently have one STR that is being managed by a PM. I was too nervous/ overwhelmed to do it myself. Now I am making plans to take it over and actively looking for my next one and a lot of the confidence comes from you guys! Thank you! 🙏
Good content guys! Airbnb is a fun and is super easy business! I own 5 Airbnb properties and love everyday, 98% of the guests make it special and I don’t worry about the 2% that I can’t help or control.
Omg, I love you’ll 🤩 very transparent couple. Thank you for sharing. I am considering to start one this year but very nervous about it. Can you tell us the requirements to start the process?
My husband and I own a vertically integrated asset and property management company for multifamily, and we’ve experienced literally everything you talked about from the trolls and haters to all the property management woes. You really nailed all the downsides of being a business owner. Thank you for your honesty!
Great video Tony and Sara! I can just see the stress in Sara’s eyes as Tony rattled off all the issues ongoing at properties. I am assuming you both had some great W2 income based on how much money some properties are making for you from previous videos. I know not all the profit is going into the pocket, and as you stated, you are rolling proceeds into more properties. Which I give you both kudos for because that takes sacrifice. Keep up the great work, and I’m super excited to make the leap into a STR property when I get back home from my deployment overseas!
Keep up the positivity! I’ve implemented many things that you have mentioned throughout your videos and I’m very thankful for you guys sharing! Luckily no crack heads yet for guests on our end 😂 We are shopping for our 2nd STR now 👍🏼
I appreciate you providing this, thanks a lot for doing so. Everything you said was quite useful information. This encourages me to think about opening an AIRBNB in the near future.
Thank you guys for being so honest and humble !! Have you guys ever thought about doing rentals out of the U.S. if so ? What is some advice or maybe you guys can make content about rentals out of the U.S. 🙏🏻?
Great video Tony and Sara - right now you are in the acquisition phase, in a few years, when your portfolio has grown more - how do you see yourself managing a large scale business in the event you want to take say a few months to 6 months or a year off
Thanks so much! We plan to expand our team, and have someone on staff that manages the day to day operations of the properties for us. But we need a bigger portfolio for that to make sense financially.
Both of you make a beautiful couple quite like my wife and I people are going just that reason alone. Keep up the excellent work. FYI my wife and I just purchased our first Vacation Airbnb Soo Keep the videos coming. Thanks D✌
Love your content! I just posted my first listing (we own the property as well) which is a unique up-down duplex. So far it's been going great. My question is with your first property when did you decide to do a cash-out refinance or HELOC? We are about 7 months into our mortgage and have built up equity in the property which I'd like to use to get the next property. I'm just struggling to choose between cashout refi or HELOC. I know Tony mentioned in a podcast that he was leaning towards a HELOC so just curious which you ended up going with and why. Thanks for any info really appreciate it. Keep crushing!
What about the neoghbors? I've lived Joshua Tree Friendly Hills 32 years. Corporations are snapping up the remainder of .5 acre lots and slapping in tiny ughly modern/homestead airbnbs. They are not esthetic to the neighborhood. We are not happy.
Great video guys!! To heck with those keyboard warriors!! Our biggest challenge right now is trusting the process and pull the trigger. We have a few LTR but the whole new world that is STR has is second guessing ourselves.
Hey Tony, as a W2 I am consuming as much bonus depreciation information as I can find. However, what little info I can find on YT is from these low rez videos made my tax guys. Which… makes sense, but I’d love to hear from actual investors on your tax successes and lessons learned.
I’m going to start getting my property up and running this Saturday! I am definitely nervous for those first guests and making sure everything is alright. Also, am fearful about managing it being 11 hours away!
Thanks! If you got double booked and your Prop Management System didn't prevent it then that's MAJOR information we'd like you to detail. What System do you use?and how did you guys resolve it with your guests? How did they respond? Please give us the Details on this one and thanks again!
I see you said you do VRBO and Airbnb. I know Airbnb income is now qualified by mortgage lenders, is VRBO income also qualified by mortgage lenders? Can you have a combination of the two?
Great insight into the day to day reality. Did this become more of a thing once you scaled up from 1-2 properties to more or definitely something you felt from the early days?
Great question! You definitely feel more of these "ugly truths" as you start to scale. Having one or two is pretty manageable. Have 10 to 20 creates a little more friction.
I was just typing this question out until I read your comment. Exactly my thoughts and has made me rethink my future plans. Thanks for the great video!
You guys should try fixing the angle of the camera ( not trying to hate just opinion ), the way your camera is angled it looks like your reading off notes or something
Any experience in dealing with unhappy neighbors (i.e. noise complaints)? My wife and I are close to activating a house in JT on Airbnb (our first short term rental), and we're nervous about how are neighbors will be about it. We've met them and are friendly with them. They don't seem to be opposed to it right now, but some of them complained to me about a contractor who was playing music loud while working on the house in the day time... So I'm concerned then about how they'll feel about guests.
Totally understand that! I’m a bit anxious about it as well in JT - how far are they from you? Smart you got to know them already - I’ve done the same too. You never know though. You should check to see if they airbnb their property as well? Funny enough, I found neighbors ADU on airbnb. So, that may help knowing that.
The short answer is, you won’t be able to keep every neighbor happy. The longer answer is, give your neighbors your contact info and encourage them to reach out with any concerns. Better they contact you, than Airbnb. Tell your guests to respect your quiet hours in the evening, and if you get a complaint from the neighbor, immediately contact the guest with your concerns. Honestly, most guest are pretty good, and it’s rare when we have noise complaints.
I can relate 💯 % lots and lots of ugly stuff but at the end of the day this is a Bussiness. We have 4 STR and so far evrything is manageable . Your allies are your housekeeper and handyman 👨🔧 plumber 👨🔧 and your neighbor lol! dont piss off your neighbor otherwise they will report you to the city and city will fine u or revoke your license 😬
Great video as always, definitely one of my biggest fears (as we haven’t started yet) is not having enough bookings to make enough to pay for the loans on the property 😬
haters are a blessing, because they only hate when your doing something right so keep it up :) yall both are awesome, tony did you leave the rookie podcast?, yea sounds like ill be getting a property mgr to do this lol
@@TheRealEstateRobinsons You’re welcome. You actually inspired my wife and I. We took a 7 hour trip to Pigeon Forge from northern VA. last weekend. Walked 8 cabin properties. Nothing really jumped out at us to put an offer in. We look everyday now. Thank you guys.
Check out our video titled “How to choose a perfect market”. We talk about how crucial it is to invest in markets that have strict STR policies in place already that require you to apply for permits etc. instead of markets that have zero rules because this can happen and unfortunately these rules override anything Airbnb can do for you
The strangest thing that happened to me (so far). Had a guest call about 11:00 pm. She was an older lady and was saying that they had checked in a few hours earlier but the property didn't look like the photos. After a few questions I realized she had checked into the wrong property. We have 3 STR units located on the same road, but they are all very different. They had rented our duplex unit but checked in to the brick house. And it took them several hours to figure out something was wrong. (yikes) Just so happened the codes were the same. I had cleaned and set them to the same number. Luckily I didn't have anyone checking into that property that night or things would have really gotten interesting. So, yes it can be challenging sometimes. But completely worth it.
I got nothing out of this. These tips apply to almost every business, not just ABNB. Seems like this was more focused on cross merchandising your other projects than anything else.
Many Short Time Rental landlords have never run a business before, so this video was probably geared to them - not to you. Buts its funny and ironic that you validated the remarks that haters are gonna leave rude comments.
Number 1 doesn't make any sense... You have haters because you are RU-vidrs, having an Airbnb business does not force a person to even use RU-vid, of course you can have bad reviews but that is not what you are talking about on nr 1
