How To Launch Your Airbnb
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 12 June 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Jorge and Ryan share how they launched their Airbnb businesses
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Someone just starting out in Airbnb, you should have a quality Airbnb in a good area. Jorge utilizes Airbnb arbitrage, while Ryan owns his Airbnb's. They discuss issues they've ran into and how to avoid them!
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | What do you do? Okay, let's just say you're doing arbitrage, right? Most of the leases are a year. |
| 0:05.7 | Right. How do you get around that? Because you spend all this time and money furnishing it. Yeah. |
| 0:10.0 | Like, and then they're like, yeah, you know what? Yeah, we don't want you. How does that play out? |
| 0:14.3 | Yeah, that's a good question. That can definitely happen, right? Somebody might want to sell their |
| 0:18.6 | property. They want to move back in or they want to do something else. There's also a lot of |
| 0:23.2 | landlords, right? Being a landlord yourself. Maybe you can agree that once a lease is over, you don't |
| 0:28.1 | want to have to do some, you know, renovations, take it off, you know, off the rental market, put |
| 0:33.6 | it back on the rental market, miss out on one or two mortgage payments. So for us, as long as we've |
| 0:39.1 | taken care of the property, had a great relationship with the neighbors, we've renewed like 100% of our |
| 0:43.7 | leases since we started the arbitrage side three years ago. And so that's worked out really good. |
| 0:48.4 | And a lot of times these landlords, they do want to secure a two year lease or a three year lease |
| 0:52.3 | just because they want to secure their tenants too. So I think there's always going to be both sides |
| 0:56.8 | and people that maybe want to sell. So people that want to just continue. And I think it's just |
| 1:01.5 | going to be a numbers game like on real estate. Yeah, I was just wondering if maybe you were |
| 1:06.7 | wanting to sign two, three year leases just because you're putting all the furniture and all this |
| 1:11.6 | into it. I would absolutely and I have done it before. And I think it's better. You don't want to, |
| 1:17.2 | it's obviously a lot of work when you're launching an Airbnb, especially when you're getting started |
| 1:21.3 | and you're like that nine or five or you don't have a ton of money to have somebody just launch it. |
| 1:25.4 | Like I literally will find the property and my team will do everything all the way to listing it |
| 1:30.5 | for me. But for people who are just getting started, they often launch it themselves. It's a lot of |
| 1:35.2 | work. It could take seven days, 10 days to launch an Airbnb. You don't want to take it off the |
| 1:39.7 | market after a year. So I would definitely be the goal. I've launched almost all my Airbnb's. |
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