How To Manage Your Airbnb
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 11 June 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Avery Carl describes how to manage your Airbnb yourself...
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Avery Carl and Ryan Pineda discuss how they manage their Airbnb's and the ins and outs of furnishing the short-term rentals.
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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 | you're training them to manage it. Let's just talk about the management aspect of an Airbnb. |
| 0:05.6 | To me, the first thing is you got to go furnish the place, right? So are you guys helping them |
| 0:10.2 | with that? So that is the beauty again of the vacation market is that and most of our markets 95% |
| 0:17.8 | of them are either already going to be some sort of vacation rental. Now whether they've been |
| 0:21.4 | like optimized on Airbnb and VRBO or if they're on like UncleRicky's cabin rentals.com, |
| 0:26.8 | that's, you know, it just depends. But most of them are going to come furnished already. So you |
| 0:31.6 | might just have to budget to replace some things or do some sprucing, but you can knock off that |
| 0:36.0 | huge furnishing line item. So we've got recommendations for all those contractors and designers and |
| 0:42.7 | things like that. If that's a route you want to go. But most of them are going to come to. |
| 0:46.2 | Most of them are already furnished, all right? Yeah. Everyone I've bought, I've gutted. So, |
| 0:51.3 | you know, we bought them at Super Discounts and put a ton of money into fixing them up and then, |
| 0:55.9 | you know, furnished them and all that. But what's interesting now too is with the furnishings, |
| 0:59.5 | it's like, man, the life of the furniture does not last very long with short term. Like, what do |
| 1:04.4 | you see? So I think we, in our eight short term rentals, we've got everything from a studio up to |
| 1:13.6 | a few four and five bedrooms. I think we replace two beds a year across the board. |
| 1:20.5 | And we did just have a bed bug incident in one of our, so we replaced four beds and a couch. |
| 1:27.0 | And, but in terms of furniture, it just kind of depends like, you've got to buy |
| 1:31.3 | decently nice stuff. So like, host GPO has West Elm, which is like a nice middle of the road. |
| 1:38.1 | West Elm's great. Yeah, like, it's going to last, but if you're buying a bunch of like, |
| 1:41.7 | the cheapest thing you can find on Wayfair that just looks decent, you're going to be replacing |
| 1:44.9 | a lot more than if you buy a nice sturdy furniture. Yeah. I buy out here. I don't even know if they're |
| 1:52.2 | out in other places, but we've always bought it from RC Willie, which is out here. And, you know, it's, |
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