What to do when Your Airbnbs are Under Performing
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
🗓️ 26 November 2023
⏱️ 8 minutes
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| 0:00.0 | I have air B&Bs right? Yeah, and they're just a pain in my butt. |
| 0:03.5 | Honestly, I just I've showed you my air B&Bs. Yeah. I feel like my air B&Bs are |
| 0:09.5 | underperforming. What are some things that I should look at to increase the revenue? |
| 0:14.0 | You should do something that my boy Rob Bill is doing because yours are in a vacation location, right? |
| 0:21.0 | Unlike mine, mine are metropolitan locations, it's catered more so. I'm trying to take the |
| 0:26.1 | hotels businesses, not resorts business, right? Meaning the working travelers, travel nurses, people, |
| 0:32.1 | I'm getting steady, you nurses, people, I'm getting steady occupancy throughout a year. |
| 0:36.2 | Whereas for example, someone like, you know, Rob Bill, |
| 0:39.2 | he's creating unique experiences, you know, vacation experiences, so how do you stand out from the bunch is what's going to increase your profitability now, right? |
| 0:49.2 | Something that he came on one of our coaching calls and it's in the recordings, but he came on and something |
| 0:53.2 | that he shared. I was like, dude, that's so smart. Instead of him getting more properties, |
| 0:57.8 | he's honing in on properties that he already has and enhancing them by adding pickleball cords by adding you know |
| 1:04.1 | if you're getting putt putts in the in the property different little experiences |
| 1:08.6 | that differentiates his properties from the rest of them which will obviously make it to where his properties get booked |
| 1:16.0 | versus the competitor because there's something special about it. |
| 1:18.5 | Right? |
| 1:19.0 | So for you, what I would suggest doing, |
| 1:21.0 | because you already have them. |
| 1:22.7 | It's probably it won't make sense to sell at this point |
| 1:25.2 | where we're at. I don't know. |
| 1:26.4 | But make them better, you know, like don't have them stand out in one way shape or form. |
| 1:31.0 | Whether that be adding a hot tub or you know, you have to do a little bit of a competitor analysis and see what other people are offering in your area. |
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