AirBnB is big business and our guest today has created a formula for building a scalable AirBnB business by leveraging other people’s properties.
Brian Page became a millionaire in his 20’s as a residential real estate investor only to lose it all in the historic crash of 2008. Starting over with no credit or ability to purchase property, Brian discovered a way to use other people’s properties to earn an income.
He went on to make six figures in 6 months and over 300,000 his first year renting and listing properties on AirBnB.
Realizing that no one at the time was teaching how to build and scale an AirBnB business, Brian created his training called the BNB Formula.
His master class is now the world’s bestselling AirBnB training. He has taught thousands of people from 38 countries how to build a 6-7 figure AirBnB business, with several of his students now doing over a million in bookings.
I have several students that are crossing the million dollar mark in bookings. But to do a modest $100,000 a year net on AirBnB only takes about anywhere from four to six properties. So we’re not talking about a lot of properties to do that.
And on today’s show, Brian is going to walk us through his formula for this innovative strategy starting with how he approaches property owners with this opportunity and gives us two examples with two very different types of property owners.
So there’s a couple of different ways to do it but essentially either way I get to control the property. I don’t have to own it, I don’t have to put down payment, and I can immediately start making cash flow with these properties.
We also delve deep into:
- The numbers
- The scalability
- The types of properties this works for
- The risks
- City regulations
Brian also talks about the area where a majority of hosts fail and how he is able to get 95% in bookings every month by excelling in this one area.
Listen in now as Brian walks us through all the steps from getting control of the properties, to renting them out and collecting a monthly income without even owning any real estate.
TIP OF THE WEEK
Mark: Move the needle in your life, start generating serious income on short-term rentals and read Brian’s book—BrianPageBook.com.
Scott: Check out the app, Easy Peasy Password to generate cool-memorable passwords you could remember.
Brian: Check out the book, Deep Work by Cal Newport. It’s about how to get the work done in a very distractive world. Also, check out BNBFormula.com if you want to learn more about this niche for free.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?