WEBVTT - EYL #88 Air Bed & Breakfast 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:20.159 Donald J. 0:00:20.239 --> 0:00:21.200 Trump's leadership. 0:00:21.480 --> 0:00:25.079 I'm Christy nom the United States Secretary of Homeland Security. 0:00:25.440 --> 0:00:29.200 Under President Trump, attempted illegal border crossings are at the 0:00:29.240 --> 0:00:33.080 lowest levels ever recorded, and over one hundred thousand illegal 0:00:33.120 --> 0:00:36.920 aliens have been arrested. If you are here illegally, your 0:00:37.040 --> 0:00:41.160 next you will be fined nearly one thousand dollars a day, imprisoned, 0:00:41.479 --> 0:00:45.120 and deported. You will never return. But if you register 0:00:45.440 --> 0:00:48.520 using our CBP home app and leave now, you could 0:00:48.560 --> 0:00:52.720 be allowed to return legally. Do what's right. Leave now. 0:00:53.040 --> 0:00:57.840 Under President Trump, America's laws, border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.160 --> 0:01:05.080 All right, guys, welcome back EYL Hometown Heroes Edition at 0:01:05.400 --> 0:01:08.040 Shout Out the A, Shout out to the great city 0:01:08.040 --> 0:01:09.920 of Atlanta. It's like a second home for us. You know, 0:01:09.959 --> 0:01:13.600 we love Atlanta. So today's going to be a very exciting, 0:01:13.680 --> 0:01:16.959 very educational episode, something I'm actually very interested to learn about. 0:01:17.080 --> 0:01:18.640 Yeah, man's a lot because a lot of people are 0:01:18.640 --> 0:01:20.200 trying to get in this game and they have no 0:01:20.319 --> 0:01:22.360 idea all the things that had to go into it. Man. 0:01:22.400 --> 0:01:25.120 So yeah, people always ask us for like different topics, 0:01:25.640 --> 0:01:28.199 and one of the biggest topics had for a while 0:01:28.240 --> 0:01:31.080 has been Airbnb and use it a lot. 0:01:31.360 --> 0:01:33.760 If you travel, you likely have. 0:01:33.840 --> 0:01:36.440 State have stayed in the Airbnb, right, And a lot 0:01:36.440 --> 0:01:38.600 of people they want to know, like how do you 0:01:38.640 --> 0:01:41.000 get money? Like how does the business work? It's one 0:01:41.040 --> 0:01:42.960 of those things, like all things that we cover, there's 0:01:43.000 --> 0:01:44.959 really no college to learn about this kind of stuff. 0:01:45.000 --> 0:01:46.360 You just kind of got to learn on the fly 0:01:46.520 --> 0:01:49.520 or make a bunch of mistakes. So when we was 0:01:49.520 --> 0:01:52.920 coming to Atlanta, I reached out to the good Brother 0:01:52.960 --> 0:01:57.280 Alex Good Energy, to Alex Prestigious Alone, Prestigious, one of 0:01:57.280 --> 0:02:00.440 our pristigious alone now and I you know, Alex is 0:02:00.440 --> 0:02:02.400 the man in Atlanta. So I'm like, yo, I want 0:02:02.400 --> 0:02:05.240 to do an episode on Airbnbs and He's like, all 0:02:05.280 --> 0:02:06.480 I say, no more, this is what I'm gonna do. 0:02:06.480 --> 0:02:08.560 I'm gonna put it on my Instagram and I'm gonna 0:02:08.560 --> 0:02:12.760 see what. Yeah, So he put it and a lot 0:02:12.800 --> 0:02:17.359 of people hit him up about our guest today, Lexi, right, 0:02:17.520 --> 0:02:20.840 and we reached out to her and it was a 0:02:20.919 --> 0:02:23.280 quick turnaround. She's like, yeah, I'll do it, and here 0:02:23.320 --> 0:02:26.280 we are. So Lexi is young, she's twenty three years old, 0:02:26.800 --> 0:02:31.519 recent graduate from Georgia State University. Right, but she's making 0:02:31.560 --> 0:02:33.959 a killing in the airbnb game right now. She has 0:02:34.200 --> 0:02:38.959 currently has twenty two units that she has under management, 0:02:39.560 --> 0:02:42.880 and she's scaled very very quickly in a short period 0:02:42.880 --> 0:02:45.120 of time sat on instagramt from like three thousand to 0:02:45.160 --> 0:02:47.400 like almost like thirty thousand a month in airbnb profits. 0:02:47.440 --> 0:02:50.840 So we reached out to it, and she's going to 0:02:50.880 --> 0:02:52.520 give us a lot of games. So first and foremost, 0:02:52.520 --> 0:02:53.520 thank you for joining us. 0:02:53.520 --> 0:02:54.560 Appreciate it absolutely. 0:02:54.639 --> 0:02:56.440 Welcome, welcome, welcome. Yeah. 0:02:56.560 --> 0:02:58.240 So all right, so how did you get into the 0:02:58.240 --> 0:02:59.919 airbnb game? Like? What made you? 0:03:00.520 --> 0:03:02.720 Cause I know you used to work corporate, right, yes, 0:03:03.000 --> 0:03:04.760 So what made you say, Okay, I want to be 0:03:04.800 --> 0:03:07.799 an entrepreneur and a lot of people want to get 0:03:07.800 --> 0:03:09.440 into real estate, But what made you want to go 0:03:09.720 --> 0:03:11.440 to airbnb route? 0:03:11.560 --> 0:03:14.280 So when you talk about real estate, there's a lot 0:03:14.320 --> 0:03:17.560 of different avenues to the real estate industry. So when 0:03:17.600 --> 0:03:21.359 I look at the real estate how a lot of 0:03:21.360 --> 0:03:23.280 people do it, which is long term leasing, and then 0:03:23.280 --> 0:03:25.760 you look at Airbnb, which is short term leasing, and 0:03:25.800 --> 0:03:28.240 you compare the two. It's always better to do than 0:03:28.240 --> 0:03:31.000 short term leasing. So like I tell you guys, if 0:03:31.080 --> 0:03:33.640 I have a property and I put a tenant in it, 0:03:33.880 --> 0:03:36.840 a long term tenant, I might charge that tenant only 0:03:36.920 --> 0:03:39.800 a thousand or eleven hundred a month, Versus I could 0:03:39.800 --> 0:03:43.920 do that same house for short term leasing and make 0:03:43.960 --> 0:03:46.280 that eleven hundred and three or four days just off 0:03:46.400 --> 0:03:50.120 being on Airbnb. So I knew that Airbnb was it. 0:03:50.280 --> 0:03:52.560 If I can do short term leasing versus long term 0:03:52.640 --> 0:03:55.360 leasing and make the same amount of profits within three 0:03:55.440 --> 0:03:58.000 or four days, I can scale my business. See what 0:03:58.040 --> 0:04:02.960 I'm saying. Yeah, So I knew that the Airbnb was it. 0:04:03.640 --> 0:04:05.600 So what, like what was your first Airbnb? 0:04:05.760 --> 0:04:05.800 Like? 0:04:05.840 --> 0:04:08.520 How did you how did you initiate initiate getting into 0:04:08.560 --> 0:04:08.880 the game. 0:04:09.160 --> 0:04:11.720 So I moved out of my last place. And when 0:04:11.760 --> 0:04:13.640 I moved out of my last place, I was working 0:04:13.680 --> 0:04:15.360 with this military and she had moved out too, We 0:04:15.400 --> 0:04:18.640 lived in the same building, and when she moved out, 0:04:18.800 --> 0:04:20.440 I still kept seeing her in the building. So I 0:04:20.480 --> 0:04:23.440 was like, what are you doing here? And she told me. 0:04:23.480 --> 0:04:25.320 She was like, I put my unit up for Airbnb. 0:04:25.480 --> 0:04:27.880 So when I was ready to move out, she told me, 0:04:27.920 --> 0:04:32.760 she said, I it's paying my rent and it's rent. 0:04:33.040 --> 0:04:34.839 So I was like, well, I ain't gonna let mine 0:04:34.839 --> 0:04:36.520 go when it's time for me to go. And I didn't, 0:04:36.839 --> 0:04:38.720 and that's what happened to mine too. It was paying 0:04:38.760 --> 0:04:41.240 its bills and my bills at my new place. So 0:04:41.279 --> 0:04:42.479 then I was like, well, I might as well go 0:04:42.480 --> 0:04:44.200 get more. I was already in the real estate industry. 0:04:44.200 --> 0:04:45.679 We were both in real estate, So could. 0:04:45.480 --> 0:04:45.800 You do it? 0:04:45.680 --> 0:04:47.159 It was just the industry, you said. 0:04:47.160 --> 0:04:49.320 You was already in real estate, like in web capacity, so. 0:04:49.320 --> 0:04:52.680 Buying and holding okay, fix and flips okay. 0:04:52.720 --> 0:04:55.400 So I mean you're twenty three, right, So where's this 0:04:55.480 --> 0:04:58.240 business acting coming from? Is this something that was passed 0:04:58.279 --> 0:05:00.920 down from like family members. It's just like, you know what, 0:05:01.400 --> 0:05:04.080 something along the way during your experience, this is the 0:05:04.120 --> 0:05:04.719 route I have to go. 0:05:04.960 --> 0:05:08.000 I don't know. Honestly, I've always told my parents I 0:05:08.040 --> 0:05:10.560 didn't want to work for nobody, and I worked for 0:05:10.640 --> 0:05:12.840 chick I worked for the same job for six years, 0:05:12.839 --> 0:05:14.400 since I was fourteen. I worked for Chick fil A, 0:05:14.920 --> 0:05:17.680 and I just used to say, like, this is not 0:05:17.800 --> 0:05:20.560 for me. I even started my I started a lingerie 0:05:20.640 --> 0:05:24.120 line in high school. I was sixteen. My parents were like, 0:05:24.120 --> 0:05:24.600 you ain't start. 0:05:24.680 --> 0:05:29.360 No, that's that's all I'm thinking. Like, if my daughter 0:05:29.360 --> 0:05:30.840 tells me at sixteen we don't have that's what We're 0:05:30.839 --> 0:05:31.560 gonna have a problem. 0:05:32.760 --> 0:05:35.360 It wasn't that kind of lauderie. It was like pajamaware, 0:05:35.720 --> 0:05:39.359 I don't care, but it was cute. So at that 0:05:39.440 --> 0:05:42.320 point in time, I was like, I just I just 0:05:42.440 --> 0:05:44.960 can't keep working for nobody. I was like, I have 0:05:45.080 --> 0:05:47.800 to get out of this. My mom worked for the 0:05:47.800 --> 0:05:51.599 same company for fifteen years. My dad same thing, So 0:05:51.680 --> 0:05:55.279 it's like, who's gonna break it there? Honestly, my stepfather 0:05:55.360 --> 0:05:58.279 is the only entrepreneur in our family, and he came 0:05:58.320 --> 0:06:01.200 along later on down the line, so somebody had to 0:06:01.240 --> 0:06:02.400 break it. 0:06:03.560 --> 0:06:05.240 Yeah, I was. I was just we just had that 0:06:05.279 --> 0:06:06.400 conversation last night. 0:06:06.480 --> 0:06:09.680 As far as like we come from like working class environments, 0:06:09.720 --> 0:06:12.480 working class families, and working class communities where it's like 0:06:13.120 --> 0:06:15.760 you know, the goal a lot of times is to 0:06:15.960 --> 0:06:17.880 get a good job, right, you know what I'm saying, 0:06:17.920 --> 0:06:20.520 Like a good like yeah, like quote unquote was considered 0:06:20.560 --> 0:06:23.599 a good job. But it's like that's really a race 0:06:23.640 --> 0:06:26.680 to nowhere, not to not a job. But it's like 0:06:27.040 --> 0:06:31.160 ultimately your one paycheck away from poverty. Right, you're working, 0:06:31.520 --> 0:06:33.760 you're working for thirty years. You don't really have enough 0:06:33.760 --> 0:06:37.839 to retire. And it's like you see that with parents, grandparents, 0:06:37.880 --> 0:06:41.279 and it's like, like you said, it's like the entrepreneur 0:06:41.360 --> 0:06:45.159 route is not something that was always taught like now 0:06:45.200 --> 0:06:48.640 it is, but before it wasn't something that was always 0:06:48.760 --> 0:06:50.040 like a sexy thing to do. 0:06:50.440 --> 0:06:53.400 But it's important. It's important. So let me ask you this. 0:06:53.400 --> 0:06:55.440 All right, So the Airbnb, right, because we're going to 0:06:55.480 --> 0:06:57.560 talk about the airbnb and detailed. And it's interesting, I 0:06:57.560 --> 0:07:02.600 didn't even know that you can actually airbnb an apartment 0:07:02.720 --> 0:07:05.760 or home and not actually own it like I thought 0:07:05.760 --> 0:07:07.680 you had to like be the owner of the property 0:07:07.760 --> 0:07:09.280 and then cause it's like I didn't know you can 0:07:09.320 --> 0:07:12.920 actually do that. So before anything, right, can you explain 0:07:12.960 --> 0:07:16.800 the differences between okay, the different types of Airbnb's, like 0:07:16.960 --> 0:07:20.320 as far as owner occupied and renting, and like how 0:07:20.360 --> 0:07:20.760 those work? 0:07:21.120 --> 0:07:22.640 Is it like a subleasing type situation? 0:07:22.960 --> 0:07:26.400 So are you saying the difference between so. 0:07:26.440 --> 0:07:28.240 Like if I own this house, yeah, like if I 0:07:28.280 --> 0:07:31.400 own this house as opposed to somebody else owns the 0:07:31.400 --> 0:07:33.800 house and then I'm coming in and I'm renting it. 0:07:33.840 --> 0:07:36.760 Okay, So let's use this house for example. So you 0:07:36.800 --> 0:07:39.360 own this house. So, like I said, there's a few 0:07:39.400 --> 0:07:41.960 ways that you can go through Airbnb when it comes 0:07:42.000 --> 0:07:44.520 to knowing how to do the lease. So the owner 0:07:44.520 --> 0:07:48.120 could say, hey, I have this house and it might 0:07:48.160 --> 0:07:50.720 be up for the same thing with short term and 0:07:50.720 --> 0:07:52.440 long term leasing. It might be up for twelve hundred 0:07:52.480 --> 0:07:55.200 a month. Then I might come in, I might see 0:07:55.200 --> 0:07:58.800 that same property on the MLS or something. The MLS 0:07:58.840 --> 0:08:01.120 is the real estate site where people go look for houses. 0:08:01.520 --> 0:08:05.240 So I might say, hey, I wanna use this property 0:08:05.280 --> 0:08:07.400 for Airbnb and explain to you the difference between your 0:08:07.360 --> 0:08:09.480 short term and long term leasing. And this is considered 0:08:09.520 --> 0:08:11.160 master leasing. So I'm gonna come to you and I'm 0:08:11.160 --> 0:08:14.240 gonna say, hey, I have I'll have my master leasing 0:08:14.320 --> 0:08:18.520 contract with leasing. So master leasing is like say I 0:08:18.560 --> 0:08:20.920 have five properties already, or just say I had one, 0:08:21.000 --> 0:08:23.320 or say I had two and I'm gonna continue to 0:08:23.400 --> 0:08:27.480 keep adding. So it's like master leasing these different places. 0:08:27.640 --> 0:08:29.960 That's how that's how master releasing works. So I'm gonna 0:08:30.000 --> 0:08:31.600 come to you as the owner. I'm gonna say, hey, 0:08:32.120 --> 0:08:34.400 I have these two other properties. This is what I 0:08:34.400 --> 0:08:37.240 make off these properties. I don't have any issues with parties. 0:08:37.280 --> 0:08:39.840 I don't have any issues with bad guests. I do 0:08:40.040 --> 0:08:43.520 major screening, deep screening. So what do you think? 0:08:44.240 --> 0:08:44.640 Okay? 0:08:44.800 --> 0:08:46.839 And that's that's the approach when it comes to master lease. 0:08:46.920 --> 0:08:48.840 Of course, it gets deeper when you talk about contracts 0:08:48.960 --> 0:08:51.040 because there's different kind of mass releasing contracts as you 0:08:51.080 --> 0:08:54.880 can use. But generally speaking, that's just what it is. Hey, 0:08:54.920 --> 0:08:56.360 this is my portfolio. What do you think? 0:08:57.040 --> 0:08:59.640 So just from a number standpoint, Let's hypothetically say that 0:09:00.720 --> 0:09:04.839 I'm paying one thousand dollars rent, right, I can list 0:09:05.240 --> 0:09:08.520 that property that I'm renting for two thousand dollars or 0:09:08.720 --> 0:09:10.319 you know what I mean? Like, how does that work 0:09:10.360 --> 0:09:11.280 form a number standpoint? 0:09:11.400 --> 0:09:13.959 Okay? So are you so we want we want to 0:09:13.960 --> 0:09:16.720 talk about this house. So when it comes you have 0:09:16.760 --> 0:09:20.800 to specify the difference between short term and long term leasing. 0:09:21.400 --> 0:09:23.480 So like I said, if you were the owner of 0:09:23.520 --> 0:09:26.200 the unit of this property, and you had this unit 0:09:26.280 --> 0:09:28.560 up for one thousand dollars a month for a long 0:09:28.640 --> 0:09:31.079 term a tenant, meaning hey, this tenant is going to 0:09:31.120 --> 0:09:34.760 pay one thousand dollars for a twelve month lease. Versus Airbnb, 0:09:35.120 --> 0:09:37.560 I can say, hey, I'm gonna put this up on 0:09:37.600 --> 0:09:40.720 a short term mental platform and I can literally do 0:09:40.760 --> 0:09:43.600 this thousand dollars within a week. So what you're making 0:09:43.640 --> 0:09:45.560 in a month on long term leasing, I'm doing in 0:09:45.600 --> 0:09:45.920 a week. 0:09:46.160 --> 0:09:48.120 So I'm a profit if that is the case, right, 0:09:48.120 --> 0:09:49.360 and I'm doing that one thousand dollars a week, I 0:09:49.400 --> 0:09:50.520 profit three thousand dollars an inn. 0:09:51.120 --> 0:09:54.240 So but all right, that makes sense. But so it's like, okay, 0:09:54.320 --> 0:09:57.280 if I want to just rent a home, right usually 0:09:57.320 --> 0:09:59.240 I just get a tenant. I want to charge them 0:09:59.240 --> 0:10:01.720 a thousand dollars a month. They sign a one year 0:10:01.760 --> 0:10:03.520 at least with me, and they obligated to pay me 0:10:03.520 --> 0:10:05.520 one thousand dollars a month. Right, I get That's easy. 0:10:05.520 --> 0:10:08.520 Everybody understands that. But now it's like you're coming and 0:10:08.559 --> 0:10:11.760 you're saying, wait, don't do that. I'm gonna come as 0:10:11.760 --> 0:10:12.840 an Airbnb host. 0:10:13.040 --> 0:10:15.360 No, So what I'm saying is I'm gonna do the 0:10:15.480 --> 0:10:17.800 same thing that you just said, except I'm gonna put 0:10:17.840 --> 0:10:20.000 it up for Airbnb. So now when you talk about 0:10:20.040 --> 0:10:21.880 master releasing, is it becomes a point where you have 0:10:21.880 --> 0:10:23.880 to pay the play. So I might you might have 0:10:23.920 --> 0:10:25.199 to ze it up for a one thousand dollars, but 0:10:25.240 --> 0:10:27.120 I might need to convince you that I want to 0:10:27.120 --> 0:10:28.760 put it up on a short term. It's a platform. 0:10:28.840 --> 0:10:30.360 So I might say, hey, let me give you fourteen 0:10:30.440 --> 0:10:32.720 hundred a month. Okay, see what I'm saying, and now 0:10:32.720 --> 0:10:34.200 I'm gonna go put it up on the platform. Let 0:10:34.280 --> 0:10:36.080 me give you fourteen hundred a month. Your deposit might 0:10:36.120 --> 0:10:38.800 be half the rent, so your deposit might be five hundred. Okay, 0:10:38.800 --> 0:10:40.480 bet let me give you an eight hundred dollars deposit. 0:10:40.920 --> 0:10:42.760 All right, So we got that part. But let's go 0:10:42.760 --> 0:10:44.720 back just for a second. How do I even become 0:10:44.760 --> 0:10:45.640 an air and bb host. 0:10:46.280 --> 0:10:48.360 It's just so people's that's where a lot of people 0:10:48.960 --> 0:10:53.480 get they they don't really know. It's really just going 0:10:53.520 --> 0:10:54.880 on the website and becoming a host. 0:10:54.920 --> 0:10:55.240 That's it. 0:10:55.320 --> 0:10:55.679 That's it. 0:10:55.760 --> 0:10:57.560 Creator, user name, password profile. 0:10:58.000 --> 0:10:59.640 You don't have to do that loggy with your Google 0:10:59.640 --> 0:11:01.160 logging in your host. 0:11:01.120 --> 0:11:04.240 And your host without any problem, probably the host right now. 0:11:04.760 --> 0:11:07.880 No, no, no, you have to list a property. Okay, yep, 0:11:07.920 --> 0:11:09.199 you have to have at least one to become. 0:11:09.080 --> 0:11:10.240 It doesn't have to be a home. It could be 0:11:10.280 --> 0:11:10.600 a room. 0:11:10.880 --> 0:11:13.080 It could be a room, it could be a room 0:11:13.120 --> 0:11:13.680 in this house. 0:11:14.040 --> 0:11:16.319 So we sold that story on an episode of How 0:11:16.480 --> 0:11:17.360 MBB Was Founded. 0:11:17.400 --> 0:11:18.160 It was started out with. 0:11:18.640 --> 0:11:19.280 Yes in the room. 0:11:19.640 --> 0:11:22.640 Yeah, so all right, So okay, so if I have okay, 0:11:22.679 --> 0:11:24.560 so you come to me, you say, okay, I'm not 0:11:24.559 --> 0:11:26.160 gonna give you a thousand dollars a month. I'm gonna 0:11:26.160 --> 0:11:29.760 sign a year least for fourteen hundred, right, which, okay, 0:11:29.840 --> 0:11:32.200 now I'm getting fifty forty percent more than what I 0:11:32.200 --> 0:11:35.880 would have gotten. But now you're in control of you 0:11:35.920 --> 0:11:38.960 can make as much money as you want from the airbnb. 0:11:40.320 --> 0:11:40.719 Get it. 0:11:40.800 --> 0:11:42.640 So now you have to pay that fourteen hundred dollars 0:11:42.640 --> 0:11:46.600 a month, no matter what exactly. So our owners open 0:11:46.640 --> 0:11:49.360 to that because it's like, now it's one thing to 0:11:49.440 --> 0:11:51.480 have one person living in your place, but now you 0:11:51.559 --> 0:11:53.720 got ten people a month. 0:11:53.800 --> 0:11:57.120 Maybe if you're saying, like, what's the so one. 0:11:56.960 --> 0:11:59.120 Thing you have to understand about that that's what any business. 0:11:59.440 --> 0:12:01.959 Everybody's not gonna tell you. Yes, I haven't been told yes. 0:12:02.000 --> 0:12:04.520 All the time you run into those right people, those 0:12:04.520 --> 0:12:06.280 white people will tell you yes, that's how I feel 0:12:06.320 --> 0:12:10.040 about it. There are different people. But like I said, 0:12:10.040 --> 0:12:12.200 when it comes to even with my apartment, with my 0:12:12.240 --> 0:12:15.440 apartment buildings, I still do screening. So you need to 0:12:15.440 --> 0:12:17.360 have your email address on your profile. You need to 0:12:17.400 --> 0:12:20.120 have your profile picture, you need to have your phone number, 0:12:20.280 --> 0:12:24.400 you need to have your government ID uploaded. Everything needs 0:12:24.440 --> 0:12:27.120 to be on there. Before you book my place. You 0:12:27.160 --> 0:12:28.600 won't be able to book unless you have all four 0:12:28.640 --> 0:12:31.880 of those credentials. So then when you talk about different 0:12:31.880 --> 0:12:34.400 people coming in and out, it becomes a it's a 0:12:34.440 --> 0:12:36.880 risk anyway, it's a risk with a long term tenante. 0:12:37.280 --> 0:12:39.200 You don't know this person. It's a complete stranger. 0:12:39.240 --> 0:12:41.520 Yeah, so the long term turn it Usually when you rent, 0:12:41.520 --> 0:12:43.000 you have to get some type of insurance. Is it 0:12:43.080 --> 0:12:44.679 the same for airbnb? If I do it that. 0:12:44.640 --> 0:12:46.560 Way, so you have to have insurance, you don't. 0:12:47.000 --> 0:12:48.120 You don't have that insurance to rent. 0:12:48.200 --> 0:12:49.480 No, you don't have to have insurance to rent. But 0:12:49.480 --> 0:12:50.920 if I have a place, I have to have insurance. 0:12:52.400 --> 0:12:54.080 But you don't have to have insurance to rent a place. 0:12:54.160 --> 0:12:56.120 No, you don't, and you have to but the deposit. 0:12:56.440 --> 0:12:58.640 So it's just it's just like renting a regular apartment 0:12:58.720 --> 0:13:01.160 just a little bit more. But so you're just subleasing it. 0:13:01.440 --> 0:13:04.000 Yeah, because you're gonna make triple if you think about it. 0:13:04.280 --> 0:13:05.880 So it's really like, so it's a win win for 0:13:05.920 --> 0:13:08.480 everybody because you're gonna pay, You're gonna pay the own 0:13:08.520 --> 0:13:09.760 You always have to pay the owner. 0:13:09.640 --> 0:13:11.960 More anyway, you don't have to because you have some 0:13:12.000 --> 0:13:14.800 owners that will be like, Okay, a thousand is fine. 0:13:14.840 --> 0:13:17.800 You people don't understand in the real estate industry, the 0:13:17.840 --> 0:13:21.000 market is so it's saturated, but it's not. So then 0:13:21.040 --> 0:13:23.679 you run into those owners that are like, look, I 0:13:23.720 --> 0:13:25.360 just want to get this property. I just want to 0:13:25.440 --> 0:13:27.520 make income off of it. Because then there comes a 0:13:27.559 --> 0:13:30.640 point a time where some landlords are not even making money. 0:13:30.840 --> 0:13:32.679 So like this house, they probably just throw it up 0:13:32.679 --> 0:13:35.199 for Airbnb because they probably wasn't making anything off of it. 0:13:35.400 --> 0:13:37.400 And I can honestly tell that about the furniture that's 0:13:37.400 --> 0:13:41.480 in it. They get in the business to scale it. 0:13:41.480 --> 0:13:43.920 It's like, dang, this house probably not I couldn't find 0:13:43.920 --> 0:13:46.000 a long term tenant, it's probably the area. It could 0:13:46.000 --> 0:13:48.480 be the house, it could be the design, the structure, 0:13:48.520 --> 0:13:49.160 could be anything. 0:13:50.080 --> 0:13:51.760 So that's why I was gonna ask you as far 0:13:51.760 --> 0:13:54.480 as all right, so as far as the regular person 0:13:54.520 --> 0:13:57.000 off the sheet that just wants to get involved in Airbnb, right, 0:13:57.600 --> 0:13:59.640 how do you know? Because it's like you sign a 0:13:59.640 --> 0:14:02.320 one year a lease, but you're not planning on living there. 0:14:02.360 --> 0:14:05.320 It's a risk if you can't, So like, how do 0:14:05.320 --> 0:14:07.480 you know, Like this is something that I'm definitely gonna 0:14:07.520 --> 0:14:09.600 be able to get off on Airbnb? Like, how do 0:14:09.640 --> 0:14:13.840 you Is it the area? Is it the location? The 0:14:14.520 --> 0:14:15.880 like what's what's the most important? 0:14:16.040 --> 0:14:18.200 Are you saying making just making rent? 0:14:19.160 --> 0:14:21.320 I guess like the determining factors to say, like I'm 0:14:21.320 --> 0:14:24.040 gonna go a deal. 0:14:24.440 --> 0:14:29.320 Area the so let's talk about houses. The area is 0:14:29.360 --> 0:14:32.440 really the most essential thing. Where's the grocery store, Where's 0:14:32.480 --> 0:14:35.920 the nearest mall, where's the airport, where's the nearest movie theater, 0:14:37.600 --> 0:14:40.640 where are the amenities? Where's the leader of activity? There 0:14:40.680 --> 0:14:44.400 are some houses that are off, like for instance, the 0:14:44.400 --> 0:14:46.720 south side of Atlanta, there's houses that's off, but they 0:14:46.720 --> 0:14:50.320 probably get booked maybe every weekend and then with houses, 0:14:50.320 --> 0:14:53.160 you also have to understand the seasons. People aren't Families 0:14:53.160 --> 0:14:55.920 aren't traveling all throughout the year. You get holiday season. 0:14:55.920 --> 0:15:00.120 Families are traveling. That's it. Houses habits down seas and 0:15:00.400 --> 0:15:03.320 versus apartments. Like with my units, those corporate guys are 0:15:03.360 --> 0:15:06.440 always traveling like they have to work regardless, They're not 0:15:06.480 --> 0:15:08.120 coming to stay in a five bedroom house. They're not 0:15:08.120 --> 0:15:11.040 coming to stay here. You guys are working. But how 0:15:11.040 --> 0:15:13.400 many podcasts literally come through where it's four people when 0:15:13.400 --> 0:15:16.000 they need a three bedroom too bad? You see, we 0:15:16.040 --> 0:15:18.720 see what I'm saying. So then you can, as a 0:15:18.720 --> 0:15:20.680 regular person coming off the street to answer your question, 0:15:21.000 --> 0:15:25.000 I to just starting off with apartments because it's easier, 0:15:25.480 --> 0:15:29.800 it's cheaper, you're furnishing, it's not as much as furnishing 0:15:29.840 --> 0:15:30.120 the house. 0:15:30.200 --> 0:15:31.640 Yeah, I was just thinking in my head, like you 0:15:31.680 --> 0:15:34.160 do both. You own some properties and you rent exactly 0:15:34.200 --> 0:15:38.400 from which standpoint you're seeing now, like renting the properties easy, 0:15:38.400 --> 0:15:39.040 it's less risk. 0:15:39.080 --> 0:15:41.760 Yeah, it's less risk. And then when it comes to 0:15:42.000 --> 0:15:46.160 buying you if you already don't have a property under 0:15:46.160 --> 0:15:48.240 a mortgage, I don't suggest going to get a mortgage 0:15:48.280 --> 0:15:50.480 to put a property up for your BnB, because think 0:15:50.480 --> 0:15:52.600 about it, If you have a two hundred thousand dollars mortgage, 0:15:52.680 --> 0:15:54.240 how long is gonna take you to make your money bag? 0:15:54.480 --> 0:15:56.000 It's beau. 0:15:56.200 --> 0:15:59.720 If you already have a property and you're like, maybe 0:15:59.760 --> 0:16:02.160 I'm out of town, or maybe I'm moving on the 0:16:02.200 --> 0:16:03.880 other side of town, but I don't want to let 0:16:03.960 --> 0:16:05.840 my house go, or got time to sell it. 0:16:05.920 --> 0:16:07.880 Maybe you want to switch that property after the year 0:16:07.880 --> 0:16:08.520 at leases up. 0:16:08.520 --> 0:16:11.320 Yeah, or maybe you want some extra income. You got 0:16:11.360 --> 0:16:13.600 a bunch of different options there, So you get those 0:16:13.640 --> 0:16:16.240 people that are like, hey, I just want to do 0:16:16.280 --> 0:16:19.400 something with this house and it doesn't take you don't 0:16:19.400 --> 0:16:21.560 really know when to find a long term tenant. Then 0:16:21.600 --> 0:16:23.760 you get a wait list with long term tenants. People 0:16:23.800 --> 0:16:27.200 don't pass background checks, people don't make the deposit income, 0:16:27.240 --> 0:16:29.000 they don't got income. It's all kinds of stuff that comes 0:16:29.040 --> 0:16:31.320 with finding a long term tenant that people don't realize. 0:16:31.680 --> 0:16:35.000 So you would suggest, okay, if somebody was looking to 0:16:35.000 --> 0:16:38.720 get into airbnb, it makes more sense to do it 0:16:38.760 --> 0:16:41.320 the subleasing right as opposed to like buying a place 0:16:41.800 --> 0:16:43.280 just for the purpose of air being right. 0:16:43.560 --> 0:16:44.920 Correct, and it's gonna tell you a lot longer to 0:16:44.960 --> 0:16:47.040 get the money back. Makes sense, makes sense. 0:16:47.200 --> 0:16:49.160 I've honestly never seen anybody do it that way. 0:16:49.360 --> 0:16:50.640 You've never seen a nobody buy something. 0:16:50.720 --> 0:16:53.200 I've never seen somebody go buy something to go put 0:16:53.240 --> 0:16:57.360 up at Airbnb. Never even the huge corporations that are 0:16:57.400 --> 0:16:59.680 here that's short term leasing. They're subleasing. 0:17:01.080 --> 0:17:03.600 So there's corporations that do what you do pretty much. 0:17:03.680 --> 0:17:06.000 Yeah, they have them up on all the platforms. There's 0:17:06.040 --> 0:17:09.720 other platforms too, besides Airbnb. There's home away, there's vrbo, 0:17:09.800 --> 0:17:12.160 there's booking dot Com, trip Advisor, all those two. 0:17:12.359 --> 0:17:15.679 So those corporations that come in, they're not they're not 0:17:15.680 --> 0:17:19.520 getting one property. They're getting maybe six to twelve properties 0:17:19.520 --> 0:17:19.960