Is the Airbnb Market Crashing?
Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based
Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based
2.5 • 884 Ratings
🗓️ 24 November 2023
⏱️ 7 minutes
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| 0:00.0 | What is going on with the Airbnb market? |
| 0:02.0 | I think it's crashing. |
| 0:03.5 | I think it's burning. |
| 0:04.5 | It's done. |
| 0:05.4 | No one's making money. |
| 0:06.4 | Nobody, including myself, bro, like I'm here because I need to make some money. |
| 0:09.4 | Like you have any job openings, dude? |
| 0:10.8 | No, Airbnb arbitrage is done. He said no. Everyone's like 75% down on their |
| 0:16.7 | revenue like what is going on right now? I mean I don't know about everybody else |
| 0:20.3 | honestly but you know I'm not losing that much money I don't know if |
| 0:25.0 | people are just not doing it right or what the deal is but you know our |
| 0:29.4 | students and pro-host are you know a lot of them obviously are adjusting a lot of them are just getting started as well yeah |
| 0:35.5 | But we have people that are like a hundred percent books some months you know the strategy is I guess I won't give the strategy right now stick a little longer but yeah |
| 0:43.6 | the idea is that you need to really pay attention to price strategy number one right |
| 0:47.4 | and then also not just focus on short-term rentals but also think about |
| 0:51.0 | midterm rentals. |
| 0:53.0 | So, you know, when you put your, |
| 0:55.0 | when you position your listings to cater more sort |
| 0:57.0 | towards midterm rentals, people that are working travelers, |
| 1:00.0 | travel nurses, you're able to really tap into a higher occupancy than if you're just doing, you know, two, three night stays. |
| 1:08.0 | So is that what you're doing now? |
| 1:10.0 | So did you switch from doing short-term rentals to midterm rentals? |
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