Airbnb for Landlords - How to Increase Profits with Airbnb - Al Williamson

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How to Increase Profits with Airbnb Sponsored by

Transcript of Airbnb for Landlords - How to Increase Profits with Airbnb - Al Williamson

How to Increase Profits with Airbnb

Sponsored by

WELCOMELucas Hall, PMP • Landlord, 10+ yrs

• 5 Prop / 3 States

• IT Consultant

• Founder, Landlordology

• Community Manager, Cozy

@landlordology

Modern Property Management

www.cozy.co

www.landlordology.com

GUEST SPEAKER

www.LeadingLandlord.com

Al Williamson

How to Increase Profits with Airbnb

Sponsored by

WHAT YOU’LL LEARN1. The most lucrative way to operate a

rental business

2. Why every multifamily landlord should have at least one short-term unit

3. About an exciting new opportunity - just for landlords

• Landlord, 20+ yrs

• 11 Units, 10 res., 3 short

• Civil Engineer

• Community Advocate

• Profit Addict

MY STORY

LeadingLandlord.comAl Williamson

COMMUNITY CLEANUP

AS FEATURED ON

Mr. Landlord Conventions

WHY SHORT-TERM RENTALS?1. Our culture is moving away from

“the establishment”

2. We are more mobile than ever

3. There is a growing preference for shared resources (Uber, Amazon, Luxury Purse, etc.)

• Traditional Landlording

• Renting Rooms

• Rooming House

• Storage Units

• Short-Stay (Airbnb/VRBO)

• Corporate Housing

I TRIED IT ALL

MY DAY JOB

I TRAVELLED A LOT

HOSTING OBJECTIVES

All Airbnb Listings

Non-shared Units

BusinessTravel Ready

MORE NET INCOME

$$$

Airbnb Business Travel Ready Traditional Landlording

LONG-TERM OPPORTUNITYN

ET P

RO

FIT

TIME

Startup Costs

$0

Traditional Landlording

Airbnb Business Travel

TOURISTS VS. TRAVELERS

DAILY HOTEL ALLOWANCE

Per Diem Rates

gsa.gov/perdiem

BUSINESS TRAVEL READY

airbnb.com/business-travel-ready

QUALIFICATIONS

1. Non-Owner Occupied Listing

2. 5 stars for only 60% of reviews

3. Same amenities as a 4-Star Hotel

4. 3 Reviews

ADD’L QUALIFICATIONS

To maximize profits, I must

exceed expectations on things that matter

by a small margin.

“THE RULE

BE INTENTIONAL

To maximize profits, I must exceed expectations

on things that matter by a small margin.

“THE RULE

HIERARCHY OF NEEDSPriority Perceived Need How You Meet the Need

Highest Personal Safety Add a slide latch to the door

 

Cleanliness Make things look and smell clean

Comfortable bed – sleep experience

Pillow top, mid-grade or better sheets, variety of pillows

Fully equipped, easy to use kitchen

Get basic pots, pans, cooking utensils, etc. Brand names aren’t required.

Intuitive/well marked heating and cooling system

Use the icons in this kit and create your own as needed

Lowest Pleasant environment Hang more mirrors than pictures

“ “To maximize profits, I must exceed expectationson things that matter

by a small margin.

THE RULE

“ “Earn 5-Star reviewsfor as little of an investment as

possible…there’s no

6-Star Review

YOUR GOAL

LONG-TERM OPPORTUNITYN

ET P

RO

FIT

TIME

Startup Costs

$0

Traditional Landlording

Airbnb Business Travel

“ “Give them what they needto enjoy their stay

before they ask

POWER TIP

WELCOME GUIDE1. Maps w/ distances

2. Recommendations for breakfast, lunch & dinner (and coffee!)

3. Instructions for dirty linens, locks, parking, etc.

4. Provide cell number - invite to text

LABEL AMENITIES

YOU CAN DO THIS

Will you be the next

Success Story?

Introducing

What You Get

1. 1:1 Coaching

2. Detailed Strategy Guide

3. Workbook & Templates

4. Video Training ModulesAl Williamson

Free Bonuses!

• 1-year of Email Support

• Book Reviews & Tips

• Technology Reviews

• Examples of how to handle local regulations

Al Williamson

“ “ “TimIn the first 30 days I

had 5 bookings

Lisa Al helps you think

outside the box

Tamela The price was well

worth the cost!

$99only

available at

AirbnbLandlord.com

one-time

Q&ASponsored by

FREE RESOURCESwww.landlordology.com

Modern Property Management

www.cozy.co

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