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☆ I profited $1.4 million last year as an Airbnb Superhost. Here's how I'm using real estate to achieve financial freedom.
▼ + stars: | 2024-04-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

I wanted wealth, exotic cars, luxury vacations, time, and freedom, so I pivoted to real estate. I started my business in 2017, and in 2023, we made $11.5 million in revenue and $1.4 million in net profit. I started listening to the "BiggerPockets" podcast and read "Rich Dad, Poor Dad," which motivated me to pursue financial freedom. I expected it to take me 15 years to replace my salaried income through real estate, but I was determined. Here's my Airbnb adviceMy best advice to other aspiring Airbnb Superhosts is to learn from other hosts' experiences.

Persons: —, Syed Lateef, It's, Rich Dad, Dad, Gino Wickman's, you'll Organizations: Service, Business, Allstate, EOS, Facebook Locations: Chicago, Airbnbs

☆ I converted a sheep barn into an Airbnb with $2,000. Now, I manage over 100 listings. Here's how I grew my business and weathered the Airbnb apocalypse.
▼ + stars: | 2023-10-19 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

Jamie Inlow saw the Airbnb potential of her neighbor's sheep barn, and the two went into business. A property Inlow manages in Charlottesville, Virginia. In late 2020, the business took a real shift when a local real estate agent sent me a DM on Instagram. My partner and I run this Airbnb business full timeI didn't leave my consultancy job until July 2022 as my husband and I were also building our family home. The stylish interior of a Be Still Getaways property.

Persons: Jamie Inlow, Inlow, —, Airbnb, influencers, messaged, who'd, I'm, Inlow's, We're, we've Organizations: Service, Be, Appalachian State University, Facebook, House Locations: Scottsville , Virginia, Scottsville, Charlottesville , Virginia, Staunton , Virginia, Instagram

☆ 3 investors share the strategies they're using to earn passive income and build wealth while they sleep
▼ + stars: | 2023-09-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Building a side hustle or working a part-time job is a great way to increase your income — but it can be time consuming. Whereas, with passive income, the idea is you do upfront work and then the gig pays you while you sleep. Insider has spoken with individuals and couples who have built passive income streams that are helping them build wealth without having to put in a ton of hours. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. Today, he's a full-time real estate investor but spends just two to three hours a week on short-term rental business.

Persons: Erika, Kareem Hall, They've, , Kareem, —, Erika Hall, Rachael Victoria, Kent Organizations: Soccer Shots, Emory, Soccer, he's Locations: Georgia, Scottsdale , Arizona, Scottsdale

☆ Full-time Airbnb hosts who work between 2 and 15 hours a week on their portfolios share 5 tools that help them improve efficiency and free up more time
▼ + stars: | 2023-07-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Full-time Airbnb hosts Kent He and Nathan Turner are efficient with their time. He spends 2-3 hours a week managing his properties, while Turner spends no more than 15 hours. "We probably only work 10 to 15 hours a week," said Nathan, who used to deliver for FedEx. The Turners and He shared five tools they use that help them work efficiently on their Airbnb businesses and free up more time. You may have the most unique Airbnb property, but if you don't properly market it, guests might never see.

Persons: Nathan Turner, Turner, Rankbreeze, doesn't, Nathan, Taniera Turner, Taniera, —, Monday.com Turner, Airbnb, I'm, It's, they'll Organizations: Kent, FedEx, Marriott, Google Locations: San Diego, Scottsdale , Arizona, Houston, Scottsdale, PriceLabs

☆ A 34-year-old created 2 bachelorette-themed Airbnbs that have brought in a combined $243,000 this year. Take a look inside the successful listings that he spent months and hundreds of thousands of dol
▼ + stars: | 2023-06-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Kent He bought his first investment property in 2021 and turned it into a bachelorette-themed Airbnb. He and his wife bought their first investment property in August 2021 and spent three months converting it into a bachelorette-themed Airbnb. He owns three investment properties, two of which are bachelorette-themed Airbnb properties in Scottsdale. The bachelorette-themed Airbnb includes a beauty bar. Courtesy of Kent HeWhen Airbnb users have so many options to choose from, you want your property to stand out.

Persons: Kent, Scottsdale , Arizona —, PriceLabs, He, Kent He, — Locations: Scottsdale , Arizona, Scottsdale, niching

☆ A 27-year-old Airbnb host with 25 units says he works less than 15 hours a week thanks to 3 software tools
▼ + stars: | 2023-06-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

He started doing rental arbitrage and has since set up 25 Airbnb units that bring in up to $88,000 in monthly revenue. He says he works less than 15 hours a week, thanks to software tools like PriceLabs and Hospitable. "If I did overtime, I might bring home $700 to $800 a week, but that was after working 50 hours." PriceLabsOne of the early challenges Turner ran into was figuring out how to properly price his Airbnb units. Monday.comTo help manage his 10 employees, delegate tasks, and keep the internal team organized, Turner uses Monday.com.

Persons: Nathan Turner, Turner, Taniera, —, PriceLabs, Monday.com, I'm, It's Organizations: FedEx Locations: Houston , Texas, PriceLabs

☆ A 34-year-old who achieved financial independence and quit his day job after setting up 2 bachelorette-themed Airbnbs in Scottsdale explains how he uses data to find 'outsized opportunities'
▼ + stars: | 2023-05-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Kent He decided to invest in short-term rentals, he started looking at data. To find a market to invest in, he looked at rental demand using AirDNA. It took about six months from the time he started looking at markets to when he closed on his first property. In this particular example, the rental demand score is 81. In 2021, when he first started looking at markets, "the demand was right around 66 to 68," he noted.

☆ A 27-year-old started 'Airbnb arbitrage' after getting laid off during the pandemic. He explains how he got his first rental with $6,400 upfront and scaled to 25 units in less than 2 years.
▼ + stars: | 2023-05-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

After being laid off in March 2020 Nathan and Taniera Turner started looking into real estate. Today, they have 25 Airbnb units in three different states, plus an Airbnb cleaning business. They continued working with the client, who owned six Airbnb units total, and started learning more about the hosting side of the business. "They were telling us about their journey and how they were able to quit their jobs from doing Airbnb," said Turner. Moving to Houston and using rental arbitrage to set up an Airbnb rental with $6,400The Turners continued picking up clients and cleaning Airbnb properties in Louisville.

☆ I'm a 20-year-old Airbnb host who made $375,000 in revenue this year. Here's how I set up and scaled my properties.
▼ + stars: | 2022-12-08 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Inayah McMillan is a 20-year-old Airbnb host with 11 listings in St. Louis, Missouri. This as-told-to essay is based on a conversation with Inayah McMillan, a 20-year-old Airbnb host with listings in St. Louis, Missouri. We've made more than $375,000 this year in revenue, and our best month yet was this past May, when we made $58,120 in revenue. If I could go back, I would have registered my Airbnb business as an LLC from the very start. Automation softwares are key to scaling"Beaming Carriage Home" in Central West End, St. Louis mAnother thing that sets me apart is having a private booking website.

☆ I'm a former firefighter who made a $20,000 profit in my first year on Airbnb. Here's how I grew my portfolio to 5 properties in Colorado ski towns and Alabama.
▼ + stars: | 2022-10-06 | by ( Claire Turrell | ) www.businessinsider.com time to read: +8 min

Jake Cohen is an Airbnb owner who rents out properties in Colorado and Alabama. In 2007, my parents bought another property in Palm Springs, California, and when the manager left, they asked if I would run it. Today, I'm a full-time Airbnb owner who owns five rental properties in Steamboat and Denver, Colorado, and Gulf Shores, Alabama. When we bought the property, it was in a pretty rough state; it had foundation issues and needed remodeling throughout. We still rent out our two homes in Denver and our apartment in Steamboat on Zillow and Airbnb — whichever books first.

☆ I make over $475,000 in revenue each month as an Airbnb host. Here are the 10 most essential tools I use to manage 130 homes.
▼ + stars: | 2022-09-13 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Humza Zafar is a 26-year-old Airbnb host who leases and rents out 130 units across 5 cities. I first started my Airbnb business almost two years ago, in November 2020. My goal was to work on the business, not work in the business. Here's the exact software I used to automate my Airbnb business, and how much each subscription costs me per month. Whether your goal is to grow a million-dollar company or just have more free time, I definitely recommend investing in management software.

☆ This married couple make $118,000 in revenue a month as Airbnb hosts. Here are the tools they use to manage their 6 properties and how they got started.
▼ + stars: | 2022-08-25 | by ( Narina Exelby | ) www.businessinsider.com time to read: +6 min

Six years on, our Airbnb properties brought in $118,000 in bookings last month. In March 2020, after only three months on Airbnb, we were set to cash-flow over $7,000 after expenses. In September 2020, we bought our third property: a four-bedroom cabin in Gatlinburg, Tennessee, near the Smoky Mountains. With income from the Nashville properties, we invested $35,000 in a cosmetic rehab of the Gatlinburg cabin — new floors, light fixtures, toilets, mirrors, stairs, paint, and landscaping. When we opened in November 2020, the place booked up almost immediately; revenue in that first month was $14,158.85.

☆ I increased my beach house Airbnb rental income by $100,000 after firing my management company. I was nearly bankrupt, but now I feel accomplished.
▼ + stars: | 2022-07-28 | by ( Narina Exelby | ) www.businessinsider.com time to read: +7 min

Anissa Branch hired an agency in 2017 to start renting out her Oregon beach house for holidays. My dream was to have a beach house. When my dream beach house went on the market, house prices had slumpedI got the house on Gleneden Beach in Oregon for $350,000 and used my savings to cover the down payment. By 2020, I had finalized my divorce and walked away with only my beach house. The beach house was my only source of income, so I started to watch what the management company was doing.

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