Ever thought about owning a piece of paradise near the beach? Today, I'm taking you on a tour of a 3 Bed, 2 Bath Home in a quaint beachside town in Florida โ just minutes away from the waves.
๐ Breaking Down the Numbers: I spill the beans on all things financial! From upfront costs to monthly expenses and the potential Airbnb profits, we're diving into the nitty-gritty. Spoiler alert: The numbers are looking sweet!
๐ฐ Cashflow by the Coast: Imagine owning a spot where the beach is your backyard. This place could not only bring in cash but also become your go-to retreat for amazing family moments and laid-back vacations with friends.
Where to Catch More Vibes: Instagram: matthew_varga TikTok- /matthewpvarga
๐จ Just a Heads Up: No sponsorships here, just me keeping it real. Sometimes I get freebies, but I'm always upfront about it. Thanks for the love, y'all!
Ever thought about owning a piece of paradise near the beach? Today, I'm taking you on a tour of a 3 Bed, 2 Bath Home in a quaint beachside town in Florida โ just minutes away from the waves.
๐ Breaking Down the Numbers: I spill the beans on all things financial! From upfront costs to monthly expenses and the potential Airbnb profits, we're diving into the nitty-gritty. Spoiler alert: The numbers are looking sweet!
๐ฐ Cashflow by the Coast: Imagine owning a spot where the beach is your backyard. This place could not only bring in cash but also become your go-to retreat for amazing family moments and laid-back vacations with friends.
Where to Catch More Vibes: Instagram: matthew_varga TikTok- /matthewpvarga
๐จ Just a Heads Up: No sponsorships here, just me keeping it real. Sometimes I get freebies, but I'm always upfront about it. Thanks for the love, y'all!How to Make $10,000 month with just one Property....Matthew Varga2024-02-22 | FREE Airbnb Beginners Guide- bit.ly/3nSMik8 FREE Real Estate Investing Checklist- bit.ly/3fRdSd9 FREE Budgeting Guide Download- bit.ly/3tWWP1I FREE DOWNLOAD OF DOWNPAYMENT PROGRAMS- bit.ly/3oTehzg
In today's video, we're pulling back the curtain and giving you an exclusive look into the financial side of our latest venture: a stunning Airbnb property in sunny Florida. Get ready for some serious numbers talk!
Here's What You Can Expect: ๐ Cost Breakdown: We're laying it all out on the table โ from the initial setup costs to every penny we've invested in making this property a dream vacation spot.
๐ก Monthly Expenses: Ever wondered what it takes to maintain a lucrative Airbnb? We're breaking down our monthly expenses, including utilities, maintenance, and more.
๐ต Cashflow Insights: The moment you've been waiting for โ how much cashflow are we expecting to rake in each month? We're crunching the numbers and sharing the bottom line with you.
Whether you're a seasoned investor looking for insights or a newbie dreaming of your first Airbnb venture, this video is packed with valuable information to help you succeed in the world of vacation rentals.
Where to Catch More Vibes: Instagram: matthew_varga TikTok- /matthewpvarga
๐จ Just a Heads Up: No sponsorships here, just me keeping it real. Sometimes I get freebies, but I'm always upfront about it. Thanks for the love, y'all!Exposed: The Ikea Trap Every Lazy Airbnb Host Falls For!Matthew Varga2024-02-20 | ๐จ Hosts, it's time for a wake-up call! ๐จ ๏ฟผ Say NO to Crappy Ikea Furniture and level up your Airbnb game. Let's get real: that cheap, breakable furniture might save you a few dollars, but it's a shortcut to looking like every other lazy host out there!
Invest in furniture that's durable, stylish, and sets you apart as a host. Here's the no-nonsense breakdown:
1. Wayfair for Budget-Friendly Chic: Break away from the ordinary with Wayfair. Affordable, trendy, and a vast selection โ perfect for hosts on a budget looking to make a statement. 2. All Modern's Sleek Selection: Opt for modern sophistication at All Modern. Upgrade your interiors with sleek pieces that elevate your Airbnb's overall appeal without the hefty price tag. 3. RugsUSA for Cozy Vibes: Don't underestimate the impact of a good rug. RugsUSA offers budget-friendly options to add warmth and style to your space, creating a welcoming atmosphere. 4. Etsy for Unique Touches: Skip the mass-produced look with Etsy. Find handmade and customized pieces that inject personality into your Airbnb, ensuring a one-of-a-kind guest experience.
Remember, it's not just about furnishing a space โ it's about curating an experience. A well-designed Airbnb isn't just a place to crash; it's a destination that leaves a lasting impression.
Ready to level up your hosting journey? DM me the word Guide and I'll send you my FREE Airbnb Guide #AirbnbDesignTips #HostSuccess101 #UniqueInteriors #FurnitureRevolution #HostUpgrade #SayNoToIkea #AirbnbDesignTips #HostLikeAPro #HostSuccessTips #AirbnbHosting101 #airbnbcoachThe REAL reason we converted all our properties into Airbnb...Matthew Varga2024-02-15 | The Real Reason we converted all our properties into Airbnb.
When we first got into real estate investing, we were all in on your traditional Long Term Rentals. Our goal was to buy alot of Single family homes and rent them out to nice families and retire early with our portfolio.
Then Reality set in.... The truth is the traditional way of investing in real estate is dead. With the rising cost of Interest Rates, utilities, Insurance and all the other costs that go into home ownership. We were no longer able to keep our old investment plan as those same properties were now bleeding money each month.
That's when we converted over to Airbnb and haven't looked back.
I still think there is a place for traditional Buy and Hold investing, but not in Canada. This is why we have moved that down to the USA where you can still do Buy and Hold investing.
#canadiansinvestingintheus #usrealestate #realestateinvesting #buyandhold #airbnbhosting #investingintheusa #usrealestate #retirewithrealestate #realestateinvesting101Must-Know Airbnb Tips: Creating an Experience!Matthew Varga2024-02-13 | One of the most important things in creating a successful Airbnb is layout and design. Discover the game-changing strategy behind a thriving Airbnb โ creating purposeful living spaces.
Having separate living areas where your guests can go and relax and hangout during their stay is one of the most important things you can focus on. When a guest is staying at your Airbnb, they want to feel like they are getting great value for their money. By creating separate Hang out spaces, you are able to create different vibes and experiences for your guest.
If you want to learn more about how to start your own Airbnb Business then DM me the word Guide and I'll send you my free Airbnb Guide. . #AirbnbHostTips #DesignWisdom #HospitalityHacks #passiveincome #airbnbbusiness #airbnbarbitrage #Shorttermrental #VRBO #incomestreams #airbnbsuperhostEnhance Your Airbnb Experience with a Tesla Charger | Tips for Higher Occupancy and Premium RatesMatthew Varga2024-02-06 | Rev up your Airbnb game with a game-changing addition โ a Tesla Charger right in your driveway!
Imagine a guest checking out your listing, scrolling through amenities, and there it is โ 'Tesla Charger on-site!' It's not just a charging station; it's a statement. Suddenly, your place becomes the top choice for green-conscious road trippers and EV enthusiasts.
And let's talk numbers โ having that Tesla Charger can be a game-changer for your occupancy rates. Think about it โ the more convenience you offer, the more likely guests are to book your spot. Plus, you can set your nightly rate a notch higher, justifying it with the added perk of hassle-free charging.
In a world where sustainability is not just a buzzword but a way of life, hosting with a Tesla Charger isn't just a smart move โ it's a savvy one. So, gear up, host with style, and let your Tesla Charger become the talk of the town. ๐โก๏ธ5-Star Airbnb Hosting: Insider Secrets to Transform Your Space! #airbnbMatthew Varga2024-02-01 | Unlocking the secrets to Airbnb success!โจ๐ก When it comes to running a lucrative Airbnb business, your living room is the heart of the experience. Invest wisely for those 5-star reviews! โญ๏ธ๐ฐ
Consider a comfy couch, a durable rug, and a show-stopping 75-inch TV to leave a lasting impression.๐บโ But it's not just about furnishings - think board games for that extra touch of hospitality! ๐ฒ๐ก
Ready to take your Airbnb to the next level? Join me for personalized coaching sessions and let's turn your space into a 5-star haven!๐๐ผAirbnb Hosting Tips 2024: Boost Bookings with a Stunning Backyard Oasis! #design #airbnbtipsMatthew Varga2024-01-31 | Unlock the secrets to turning your Airbnb backyard into an irresistible oasis for guests! ๐
As a host, crafting a memorable experience goes beyond just providing a place to stay. Let's dive into the details:
Sun-Soaked Loungers: Create the perfect tanning spot with cozy loungers, complete with essentials like towels and sunblock. It's all about making your guests feel pampered and relaxed.
Game On: Elevate your outdoor space with classic games like Connect Four. Think of it as setting the stage for good times and shared laughter, creating a vibe that guests won't forget.
BBQ Magic: Turn your backyard into a culinary haven with a well-equipped BBQ setup. Provide the tools and maybe even a few easy recipes, encouraging guests to savor the joy of outdoor cooking.
Chic Sectional Setup: Design a stylish seating area with an outdoor sectional. This isn't just about furniture; it's about creating an inviting space where guests can unwind, connect, and share moments.
Poolside Perfection: If you have a pool, go the extra mile. Stock up on pool floaties and toys to enhance the aquatic experience. It's the little details that make a splash in your guests' memories.
This isn't just about hosting; it's about crafting an experience that leaves a lasting impression. With these simple yet impactful additions, you're transforming your backyard into a destination, ensuring your guests have an unforgettable stay. Ready to take your hosting skills to new heights?
Let's turn your outdoor space into the ultimate Airbnb oasis! ๐กโจ .Boost Your Airbnb Revenue with Unique Stay Experiences! #airbnb #uniquevibes #shippingcontainerMatthew Varga2024-01-31 | The future of Airbnb hosting is all about thinking outside the box!๐ณ๐ก
Whether it's a cozy shipping container home, a dreamy treehouse escape, or a rustic barn conversion - unique stays are where it's at! ๐ Airbnb's algorithm is all about promoting these hidden gems to guests, and trust me, it's a game-changer for hosts. ๐
To rock the Airbnb scene in the coming years, dive into the world of extraordinary stays.
๐Boost your revenue and fill up those bookings by embracing the unconventional! ๐๐ฐ Let's turn your hosting dreams into reality.
Ready for a coaching adventure? ๐๐ก
#AirbnbCoaching #UniqueStays #HostWithTheMost #ExtraordinaryAirbnb #UniqueGetaways #Hostinnovation #UnconventionalHospitality #StayBeyondOrdinary #AirbnbSuccessTips #RevenueBoostHacksBest Gaming Setup for Your GarageMatthew Varga2023-10-19 | Give Your Airbnb the Ultimate Upgrade: A Games Room!
Make your listing unforgettable. We turned our garage into a gaming oasis, ensuring guests have the perfect entertainment spot regardless of the weather. From versatile game tables to our hit electronic pinball, it's a guest favorite every time.Labeling 101: Essential Tips for Airbnb Hosts Using Label Makers! #organizationMatthew Varga2023-10-18 | Label Makers
In our Airbnb, staying organized is essential, and a label maker is a valuable tool in our toolkit.
We use it to label various items like cups, switches, and outlets. This simple approach enhances guest experiences by providing clear instructions and smooth operations. โ
For more insights and ideas on optimizing your Airbnb, be sure to hit that follow button. Let me help you elevate your hosting game!Airbnb Design Tips: Transforming Corners into Cozy Seating Spaces #design #airbnbMatthew Varga2023-10-15 | Maximize Every Nook & Cranny!
Got an extra corner in your Airbnb? Consider setting up a separate seating space. It's not just about fitting more peopleโit's about creating those intimate, memorable moments for guests. A place for morning coffee chats, evening wine toasts, or a friendly chess duel.
When guests find cozy corners like this, they don't just stayโthey yearn to return.Increase Your Airbnb Bookings: The Power of Hot Tubs in Winter Destinations!Matthew Varga2023-10-13 | Let's dive into the sizzling topic of hot tubs in your Airbnb.
In some areas, like cottage country or the chilly North, a hot tub can be a game-changer. Why? People adore a soak in winter, setting your place apart and letting you charge a premium during peak seasons.
When you add a hot tub, you're not just offering accommodation; you're offering an experience that sets you apart from the rest. Ready to upgrade your Airbnb game and elevate your income potential?Airbnb Ambiance: Lighting and Decor Ideas for Memorable Nights! #airbnbtipsMatthew Varga2023-10-12 | Creating Unforgettable Nighttime Experiences
When it comes to hosting, it's not just about the daytime fun, nighttime memories matter too!
Take a cue from our recent Airbnb, where we've added magic to the night with string lights illuminating the pool, playful LED pool floaties, and a cozy firepit for guests to gather around.
These are just a taste of what you can do to create a memorable nighttime experience that'll leave your guests wowed and coming back for more.Transform ANY Property into a Top-Earning Airbnb!Matthew Varga2023-10-10 | Transforming overlooked spaces can be a game-changer! Turned my front porch into a guest haven with snug egg chairs and a firepit โ it's become the go-to spot for sunrise coffees and sunset wines.
Unlocking the full potential of an Airbnb space can be your golden ticket. I've transformed ordinary spots into profit magnets, and I know the blueprint to success. Want to turn your property into a consistent revenue stream?Why My Real Estate Win Feels Like a LossMatthew Varga2023-10-06 | Flashback to five years ago
I took the leap into Toronto real estate, investing in two prime condos โ a plush three-bedroom townhouse and a chic two-bedroom penthouse. Fast forward: Their value has skyrocketed, by a whopping $600,000 to $700,000! Sounds like a dream, right?
But here's the catch: with interest rates tripling, the rent from these properties now doesn't cover the increased costs. Monthly negative cash flow is the reality.
Lesson learned? Appreciation is stellar, but cash flow is KEY. Properties can surge in value, but if the numbers don't add up monthly, you might find yourself in a financial pinch.
To my rookie investors: don't just chase appreciation. Ensure your rent can weather interest rate hikes and market shifts. Otherwise, you could be waiting for the market to swing back to a sellerโs paradise before making a profitable moveAirbnb Hosting Hacks: Avoiding Remote Vanishing Acts!Matthew Varga2023-10-04 | Pro Airbnb Tip!
Invest in extra remotes โ they vanish like magic! I've been to stays where a missing remote cost the host $50. This simple fix will save the hassle and the cash, and elevate your guests' experience.
Because sometimes, it's the little things that leave the biggest impressions.Unlocking the #1 Airbnb TipMatthew Varga2023-10-04 | Lesson of the day for my budding Airbnb hosts: Always have a backup plan.
We're in a digital age, and it's enticing to get swept up in the convenience of electronic locks for your Airbnb. But as your mentor in this journey, let me share a nugget of wisdom: always bridge the gap between the modern and the traditional.
Technology, while fantastic, has its moments of unpredictability. Thatโs why every property you manage should have a physical set of keys on standby, securely placed on-site. Think of this as your safety net. Your guests will have a consistent access solution, even when tech falters. And, from a security standpoint, the ability to change the lockbox code is invaluable.
Your goal? Not just to host, but to excel, to create an experience where guests feel catered to and secure. So, to all my students: How do you plan to integrate this balance of old and new in your Airbnb strategy?The two apps I cant do Airbnb withoutMatthew Varga2023-09-30 | How I manage an International Airbnb 3000 Miles Away
I use two very essential apps - Thumbtack and TaskRabbit.
Thumbtack has been my go-to for finding skilled professionals for everything from furniture assembly to pool maintenance, lawn care, handyman services, and even electricians. What I love is the ability to communicate with service providers, share job details, and negotiate prices, all in one place.
Both apps provide valuable reviews from past users, ensuring the quality of service you expect but, not only that all service providers undergo identity checks and bonding for your peace of mind
Whether you're managing an Airbnb remotely or simply seeking top-tier services, these apps are indispensable.The Shocking Truth about Banks Theyre Not Really on Your SideMatthew Varga2023-09-28 | Let's chat about a topic we've all brushed upon - banks. ๐ฆ
Throughout our lives, we're kind of led to believe that banks are like our financial mentors, guiding our every move. But if we're being real? They're businesses with clear-cut objectives โ mainly, their profit. ๐ผ We need to navigate this landscape with both eyes open. Knowing their motives can help us make wiser, self-serving financial choices.
Anyone else ever realized this about the banking system? Share your thoughts. Let's foster some genuine financial dialogue! ๐ Turn 1 Airbnb into $30K a year!Matthew Varga2023-09-14 | Dreaming of a lucrative side hustle with zero upfront investment? Welcome to the world of Airbnb co-hosting!
Imagine playing a pivotal role in the Airbnb hustle without the financial strings attached.
Here's how it breaks down: Co-hosts typically charge a 20% fee on the total revenue. So, for a property earning $140K annually, your share would be a neat sum of around $27K or approximately $2.3K monthly โ all by managing guest communications, overseeing cleanings, and handling the day-to-day operations.
Now, dream bigger โ imagine managing 10 properties like this, now we are talking about a yearly income of $300K!"
Thatโs right, no startup cash needed! Just your expertise and commitment, paving your way to a handsome income. Curious to learn more? Swipe up to snag your free Airbnb guide packed with tips, strategies, and insider knowledge to kick-start your co-hosting journey. Letโs unlock that financial potential together!How we turned 34K into a cash flow kingMatthew Varga2023-09-13 | Just last October, we set up this property with an initial investment of $34K for furniture and other startup costs. Fast forward to today, and we are consistently raking in $6.8K in monthly revenue with costs at $4.8K, keeping a comfortable $2K as net profit.
This property is just one in our portfolio that is generating a positive cash flow. Want in on the secrets to running a successful Airbnb business? Weโre pulling back the curtain in our exclusive coaching program. Click the link in our bio for a free guide to get started on building your own empire of profitable Airbnb properties.Designing the ultimate vacation AirbnbMatthew Varga2023-09-11 | Ever wonder how to create that perfect, cozy, and inviting Airbnb space that guests fall in love with at first sight?
The secret lies in detailed planning and a touch of creativity, all streamlined using our favourite tool: Milanote.
Why do we swear by Milanote? Hereโs why Collaborative feedback and listing room essentials โ everything under one digital roof
Furniture assembly teams have detailed, room-by-room guides at their fingertips โ making setup a breeze!
Are you eager to take your Airbnb hosting to the next level? Slide into my DMs with the word โguideโ to snag your FREE Airbnb handbook and start turning those hosting dreams into realityLong term rentals are deadMatthew Varga2023-09-10 | why I transitioned to Airbnb
After chatting with a friend recently about long-term rental properties and it really reminded me why I transitioned to Airbnb.
You know the drill โ the unpredictable cash flow, sky-high utility bills, and ever-increasing property taxes that just take so much out of the joy of property management.
Making the switch to Airbnb was like finding a breath of fresh air. Itโs just simpler, with a more reliable cash flow, and honestly, it brings me joy helping travelers find a home away from home.
If youโre feeling the pinch with long-term rentals or just thinking about dipping your toes into property management, letโs chat. Iโm here to share all the ups, downs, and in-betweens from my own journey.Boost Income with themed roomsMatthew Varga2023-08-25 | Join me in our luxurious Florida Airbnb as we explore how creating subtle yet captivating themed rooms can boost your bookings and rates.
Step into the Pink Flamingo room โ a perfect blend of chic and coastal. Then, immerse yourself in the tropical vibes of our master bedroom, where greens and wood tones transport you to paradise.
Last but not least, meet the Blue Coastal room, adorned with calming blues and a serene whale painting, perfectly complementing the coastal aesthetic.
Tip of the Day: The key to success lies in subtlety โ themes should enhance, not overwhelm. Quality guests seek authenticity, not kitsch.Why you should Invest in High Quality FurnitureMatthew Varga2023-08-22 | Choosing high-quality furniture transforms your space from average to exceptional.
Here are some Key reasons why you should invest in Higher Quality Furniture for your Airbnb:
๐ The Impact of Perceived Value: Cheap furniture will attract Cheap Guests who donโt respect or value your home. By investing in better furniture you can attract a higher quality guest who will hopefully treat your home with respect.๐ผ
๐ Elevate Your Earnings: Quality speaks volumes. Investing in premium pieces allows you to charge higher prices per night. People on vacation want to have a great experience and they will pay more for a quality stay๐ฐ๐
Your space is more than just four walls; it's an experience, and you as the host want to create a memorable stay100K in one year from this AirbnbMatthew Varga2023-07-21 | ...What an Airbnb owner does in a dayMatthew Varga2023-07-12 | ...This Luxury Airbnb is projected to make us 100K this yearMatthew Varga2023-07-11 | ...Travel with me to see my Airbnb in FloridaMatthew Varga2023-07-07 | finally got to see my Airbnb in Florida, and let me tell you, it's beyond amazing!
After months of hustling and dealing with contractors, I finally got a chance to visit my new luxe Airbnb. The journey there was a blast!
And let me tell you, the place turned out even better than I expected! I'm beyond excited to spill all the juicy details about the incredible profits this property will bring in
What questions do you have for me about investing in the US market?Should we really be listening to these gurusMatthew Varga2023-06-29 | There are so many real estate โgurusโ out there who share tons of information on how much money they are makingโฆ but no one is showing the proof
Be very careful with who you trust for adviceโฆ there is a big difference between gross revenue and net profit and most gurus are only showing the shiny number but not truly showing how much money they are keeping in their own pockets.
Have you ever noticed things how some of the numbers these real estate gurus are showing seem too good to be true? Let me know down belowAirbnb Vs Long term rentalsMatthew Varga2023-06-23 | In today's economy I prefer Airbnb investing over long term rentals any day of the week
With long term rentals especially in a city like Toronto it is getting much harder to find renters that can afford to pay current rental rates, especially with the cost of living on the rise
Using the Airbnb model allows an investor to generate a higher amount of monthly revenue to help keep up with these rising costs.Take advantage of the coverage Airbnb provides their Airbnb ownersMatthew Varga2023-06-16 | ...Getting Creative with AirbnbMatthew Varga2023-06-13 | #shorts
If your creative with Airbnb the possibilities are endless ๐ฐ๐
Instead of just focusing on Airbnb there is so many additional revenue streams to add to your guests bookings ๐จ๐ปโ๐คโ๐จ๐ผ
Along with purchasing and using Airbnbโs in Florida we are looking to add additional services like using Turo to add to our guests experiences ๐ and create a two for one guest incentive.
By investing in more Airbnbs in Florida and adding Turo to the mix were investing more money into the guests booking experience
Getting creative with your Airbnbโs can add additional value to your guests booking experiences and leave a memorable experience to your Airbnb โจExploring Lucrative Possibilities #shortsMatthew Varga2023-06-02 | Unveiling Airbnb Investment Opportunities in Coveted US Locations
Setting Our Sights on Orlando, Nashville, and the Enchanting Smoky Mountains!
Finding the Perfect Balance: Unlocking the Potential of #PassiveIncome and Unforgettable Experiences!
Understanding market trends and investment strategies is essential for success in the dynamic world of real estate.
Learn how to build a diversified portfolio with Airbnb properties, capitalizing on emerging trends and unlocking financial growth opportunities.Automate your Airbnb business and alleviate the back and forth #shortsMatthew Varga2023-05-26 | Make your job as the host easier and their role as the guest simpler. Use the description features to your advantage and leave all relevant and FAQs in an easy accessible place for your guests.
As long as your Airbnbโs are optimized for the guests the simpler your processโs become as a host, which means less time working and more time livingThe Best Way to Maximize Airbnb Profits #shortsMatthew Varga2023-05-20 | Have you ever tried AirDNA from Airbnb? It's like having a secret weapon for your listings!
Honestly, you NEED this tool! Trust me, it's a game-changer! The best part? It won't cost you a penny! No need to pay for it! Save your cash
So here's the deal: AirDNA uses historical data to give you the inside scoop on how other listings in your area are raking in the dough. They spill the beans on revenue and occupancy rates, helping you make smarter choices when listing your place on Airbnb. It's like having a crystal ball for hosting success!
Have you given AirDNA a go yet? If not, you're missing out, my friend! Would you consider giving it a shot? Let's hear your thoughts!Prioritizing Time Over Things #shortsMatthew Varga2023-05-17 | Why spend your hard-earned cash on material possessions when you can invest in the one commodity that's truly priceless: TIME? Instead of fancy cars and extravagant watches, let's embrace a new mindset that values the minutes and hours we have each day.
Hire a professional cleaner to handle the household chores, delegate your emails to a virtual assistant, or outsource lawn care and snow removal. By reclaiming these time-consuming tasks, you can dedicate more moments to what truly matters in life: family, friends, and growing your business.
Let's redefine success and prosperity by recognizing that true wealth lies in the experiences we share and the memories we create, not in material possessions. Let's choose quality time over luxury items.Whats more important Location vs.Property: The Airbnb Dilemma #shortsMatthew Varga2023-05-15 | When it comes to buying an Airbnb, the age-old question arises: What matters more, the location or the property itself? In my opinion, the answer is crystal clear: Location reigns supreme!
๐ก Here's why I believe location should take the crown:
โจ You can always work your magic on an old house in a good area, but you can't change the neighborhood vibes! If it's a bad area, your potential guests might hit that "pass" button
โจ Wake up to breathtaking views, be steps away from the hottest spots, and enjoy easy access to public transportation. A prime location sets the stage for an unforgettable Airbnb experience!
โจ Investing in a stellar location guarantees demand for your property, no matter its current state. ๐ซ But if you're in a less-than-ideal neighborhood, no amount of renovation can save the day. Trust me, guests notice! ๐
So, remember to prioritize location when purchasing your Airbnb! Find that golden spot that makes your guests feel safe and at home, ensuring a steady stream of bookings. After all, an exceptional property can always be upgraded, but the area around you is beyond your control.How we make over $100,000 in revenue buying US Properties! #shortsMatthew Varga2023-05-11 | By switching our investing from Canada to the US we are able to make over $40,000 profit from one property ๐ค
Everything is better in the US. Cash flow numbers are much stronger, Airbnb Revenue is Higher and there are more ways to make profit when buying real estate in the US.
If you want to Invest in high Cash Flow US Vacation Properties then DM me the word USA.whats better a short or long term rental #shortsMatthew Varga2023-05-08 | Here is why I think all investors should convert their Long Term Rentals into Short Term Rentalsโฆ
1๏ธโฃ. Higher Cash Flow- Sure there is more work involved, but with Airbnb you can generate way more cash flow per property. With just two good weekend bookings we make more than we would with a month-long tenant.
2๏ธโฃ There can be alot less wear and tear on your property, plus if there are any issues, you will know about them alot sooner because your cleaners go through every few days and look for damage.
You need to make sure that your city allows Short Term rentals, and you need to run your numbers to make sure there is good demand in your area. If those two things check out then you are probably better off turning your home into an Airbnb.
If you want more advice on how to successfully run an Airbnb and make more money doing so make sure to DM me the word guide so you can learn all my tips and tricks ๐
#shortsvideoAn Airbnb in Barrie #shortsMatthew Varga2023-05-05 | Who would have thought Airbnb would be so profitable ๐ค?
I honestly had no idea how much more money I would make on Airbnb, over renting out my home to a long term tenant. In my city a typical Airbnb that is like mine is going for $250 - $350 a night, but by adding a Big Screen TV, Games Room and Outdoor Entertaining area, I have been able to charge as much as $800 for 1 night
Moral of the story is by thinking like your Customers, putting in that extra 10% of effort that your competition isnโt willing to do, you can be a Top Performer in any industry you want!
If you want to know more about how to build an Airbnb Business to leave your 9-5 Job, then download my free guide. Link is in my BIODo you need a property manager for your Airbnbs? #shortsMatthew Varga2023-05-02 | One of the first questions new Airbnb Hosts ask is if they can manage it themselves or do they need to hire a Property Manager to do it for them.
To be honest, I believe that anyone can manage their own Airbnb and they can save that 20% cost on a Property manager.
Managing and running an Airbnb is way easier for you as an investor as long as you have the right systems in place to automate the processes
I always recommend my coaching students to save that 20% fee and use it to grow their business or put that money in their pocket. All you need is to put good systems in place, set up the right automations, and possible hire a VA to help with Customer Service and you have just taken care of 90% of the work ๐What is Airbnb arbitrage #shortsMatthew Varga2023-04-28 | Here is how Rental Arbitrage is making me a Millionaire. Rental Arbitrage is one of the most talked about income streams at the moment. The reason why is because when done right you can quickly build a business that makes Thousands of dollars a month in Cashflow ๐ฐ
If you donโt know what Rental Arbitrage is yet, its when you Rent a home from someone ๐, furnish the home ๐๏ธ, and list it on Airbnb ๐จ. The profit you make is the difference between your rent and how much revenue you bring in from your nightly rates. ๐ธ
We have been doing Rental Arbitrage for a year now and have already built a 6 figure business in a very short time. Anyone can do this, you just need to learn and take action.๐ฌ
So tell me, What's your biggest roadblock in getting started with owning a Rental Property?Hard money loans are the best way to grow your investment portfolio #shortsMatthew Varga2023-04-24 | #shorts Hard Money Loans are one of the best ways to grow your Real Estate Investment Portfolio ๐ธ
If you're looking for alternative financing to buy a new investment property, hard money lenders may be an option worth exploring. Here are 3 Keys things to ask about when working with a Private Money Lender:
1๏ธโฃ What are the interest rates they are charging?
2๏ธโฃ How many points are they going to charge you for lending?
3๏ธโฃ What is the loan to value that theyโre willing to go up to? Remember the less money you put down on an investment the better your cash on cash return will be
Honestly, hard money loans can be risky and should be approached with caution. It's essential to do your due diligence and work with a reputable lender.Why You Should Not Save for an Emergency....Matthew Varga2023-04-21 | #shorts Saving for an emergency fund is a huge waste of your money ๐
Now I know this goes against the traditional way of thinking that you see from gurus like @daveramsey, but I think this is an outdated concept that hurts people more than it helps them.
Having 3-6 months of money sitting aside in cash in a savings account paying you 0% interest is a waste of your hard earned money. Personally I think a better idea is to invest your money and have it working for you! Investing your money in something that produces a solid rate of return like Airbnb or Blue Chip Stocks is a much better use of your money and now its being used to make you wealthy, not the bankโฆ.
You're Probably asking โWhat do I do if an Emergency happens and my money is all tied up in Investments?โ Great Question. This is where using Good Debt can be a great part of your Financial Plan.
I recommend setting up a Low Interest Line of Credit that is strictly there in the case of an emergency. This allows you to have peace of mind knowing that you have access to cheap money if needed, but it doesnโt tie up your money in limbo.
Tell me what you thinkโฆ Emergency fund or line of credit ๐๐ป?Tips on survive a recession #shortsMatthew Varga2023-03-02 | Surviving a recession in 2023This one tip helped me get 100% occupancy on Airbnb #shortsMatthew Varga2023-02-21 | This one easy hack helped increase my occupancy rate to 100% and helped me profit more money with my Airbnbs๐
Change the way your cleaning fees are structured! Most people like an Airbnb listing, then they see a cleaning fee and leave your listing! Cleaning fees are one of the biggest reasons people donโt book your airbnb. Here is a simple hack you can do to still make the same money, by not charging the cleaning fee. First, remove your cleaning fees, then increase your nightly rates โฆ guests are still paying the same amount but your fees are covered ๐
Make sure to follow for more tips like thisPay your mortgage down in 10 years #shortsMatthew Varga2023-02-16 | #shorts3 side hustles to make $500 a day #shortsMatthew Varga2023-02-16 | #shorts