24 Year Old Invests $340k of His Own Savings to Launch new AirBNB Data Tool
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 702 Ratings
🗓️ 30 December 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
Homeshopping sight with airbnb underwriting.
Transcript
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| 0:00.0 | You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom. |
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| 0:41.2 | STR brain helps you understand when you buy, when you want to buy a short-term rental, |
| 0:43.6 | what you can pay for it, what the returns could look like. |
| 0:48.1 | He's put in $340,000 of his own money into this business, spent $160,000 so far, |
| 0:49.0 | building the MVP. |
| 0:56.5 | He now has 12 customers, you know, doing about $2,000 a month in revenue, just getting going. He's bootstrapped it, team of three, him and his co-part, him and his partner, |
| 1:00.1 | and then a developer they've got out there in an Italy building, building, building, |
| 1:04.2 | hoping to ramp up here to go from 12 customers to $2,000 with paid ads and some other tactics. We'll see what happens. |
| 1:06.2 | Hey, folks, my guest today is arum Robin. He is building STR brain, stands for a short-term rental brain, |
| 1:12.0 | where you can gain access to underwriting with real-time data nationwide, no subscription needed. |
| 1:16.4 | They help you become a better short-term rental investor. No-Chimp, you ready to take us to the top? |
| 1:22.5 | Absolutely. All right. So real quick, if people want to buy a short-term rental and put on Airbnb, they'll use you to find it or they use you after they purchase to manage the short-term rental. |
| 1:34.0 | That's a great question. So that's two-fold. It's two-fold. Either you could buy a property and then see how much is the going rate in the area. But really, we like to focus on if you're looking to buy a property |
| 1:44.5 | for basically a Zillow and a short-term underwriting platform. |
| 1:48.5 | So you know that you want to buy a house for short-term rentals right near your house. |
| 1:52.7 | You want to see how much it's going to make prior to you buying it. |
| 1:55.8 | You're going to go onto the site. |
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