WEBVTT - Making a Living on Airbnb with Zeona McIntyre #253 0:00:00.120 --> 0:00:02.600 Welcome to How the Money. I'm Joel and I and 0:00:02.759 --> 0:00:06.080 Matt and today we're discussing making a living with Airbnb 0:00:06.440 --> 0:00:29.800 with Zianna McIntyre Da Jel. Our guest today is Zianna McIntyre, 0:00:29.840 --> 0:00:33.080 who went from earning minimum wage to becoming financially free 0:00:33.159 --> 0:00:35.760 in two years with real estate. And she didn't do 0:00:35.800 --> 0:00:38.559 it with any old, boring real estate. She did it 0:00:38.600 --> 0:00:43.879 specifically with Airbnb. Ziana now owns seven properties and she 0:00:43.920 --> 0:00:47.239 manages twenty and they're all over the world. She she 0:00:47.320 --> 0:00:50.440 also consults by working with her clients and helping them 0:00:50.440 --> 0:00:53.599 to achieve their short term rental goals right, so from 0:00:53.600 --> 0:00:56.800 finding an ideal rental property to purchase uh, she provides 0:00:56.840 --> 0:01:00.680 tips on furnishing all the way through to Tomain as well. 0:01:01.120 --> 0:01:03.040 And you know what's so great about ziana story is 0:01:03.040 --> 0:01:06.160 how she's used real estate to design the kind of 0:01:06.200 --> 0:01:08.880 life that she wants to live. And you know, hopefully 0:01:08.920 --> 0:01:11.320 too after this interview, How the Money listeners out there 0:01:11.400 --> 0:01:14.440 will be inspired to do the same. So, Zianna, thanks 0:01:14.440 --> 0:01:16.880 so much for joining us today on the podcast. Thanks 0:01:16.880 --> 0:01:19.840 for having me. Hey so glad to have Usianna and 0:01:19.959 --> 0:01:22.399 every episode. You know, Matt and I we actually drink 0:01:22.600 --> 0:01:25.920 a craft beer. Were big beer nerds. So for us, 0:01:26.040 --> 0:01:29.200 it's kind of this thing where we are splurging on 0:01:29.280 --> 0:01:31.800 something that we love now, while at the same time 0:01:31.800 --> 0:01:35.680 we're pretty thoughtful about saving and investing for our future. 0:01:35.959 --> 0:01:38.120 So do you have anything that you like to sport 0:01:38.200 --> 0:01:40.200 John in the here and now while you're building wealth, 0:01:40.200 --> 0:01:43.600 while you're building your real estate portfolio for your future self. 0:01:44.040 --> 0:01:48.960 I literally only buy holmes. My boyfriend says that some 0:01:49.040 --> 0:01:52.240 girls buy shoes. I just buy homes. So literally, all 0:01:52.280 --> 0:01:54.400 the money that I put aside, I'm like, oh, that's 0:01:54.400 --> 0:01:59.400 almost enough for a home. So Zianna has no fun 0:01:59.480 --> 0:02:01.800 with any money that she makes. It's all going towards investment. 0:02:02.080 --> 0:02:04.120 Is it all deprivation for you? Like, there's got to 0:02:04.160 --> 0:02:06.280 be something that you you enjoy. I mean it sounds 0:02:06.280 --> 0:02:08.880 like you enjoy real estate as well. But yeah, what else? Yeah, 0:02:08.880 --> 0:02:11.120 I think I've just learned to hack things, you know, 0:02:11.320 --> 0:02:14.520 Like I love clothes and I love costuming and fashion, 0:02:14.639 --> 0:02:17.920 but like I do um clothing swaps with friends. So 0:02:17.960 --> 0:02:20.040 we all just like bring a bunch of clothes to 0:02:20.080 --> 0:02:22.680 a house and like swap for free. And I don't 0:02:22.720 --> 0:02:27.520 buy anything. Maybe underwear, um and then other things like travels, 0:02:27.560 --> 0:02:29.720 Like I got so good at travel hacking that I 0:02:29.800 --> 0:02:32.959 do pet sitting and I do credit cards and all 0:02:32.960 --> 0:02:35.440 that kind of stuff. So miles and points pay for 0:02:35.520 --> 0:02:38.519 most everything, and then I don't have to pay for travel. 0:02:38.600 --> 0:02:40.720 So there are lots of things that I love to do, 0:02:40.800 --> 0:02:42.880 but I just like figure out how to have them 0:02:43.400 --> 0:02:48.040 pay themselves. Nice. It sounds like you're fairly optimized then 0:02:48.080 --> 0:02:50.200 when it comes to the things that you enjoy doing. 0:02:50.280 --> 0:02:53.440 So that's yeah, that's awesome. Yeah. Well, yeah, let's dive 0:02:53.880 --> 0:02:57.280 right into you know, how you got started with airbnb specifically, 0:02:57.440 --> 0:02:59.720 So a friend of yours gave you the idea after 0:02:59.760 --> 0:03:02.200 he got laid off. Can you share how that all 0:03:02.200 --> 0:03:04.640 that went down? Yeah, So my friend was living in 0:03:04.680 --> 0:03:06.120 New York, and I feel like New York is just 0:03:06.160 --> 0:03:08.640 like the epicenter you hear about everything first, you know, 0:03:08.680 --> 0:03:11.720 there's just so much happening there. And I was really 0:03:11.760 --> 0:03:14.000 familiar with this idea of couch surfing. I don't know 0:03:14.040 --> 0:03:15.679 if you guys had ever done that, but it was 0:03:15.760 --> 0:03:18.919 website that was really big and like oh six to 0:03:19.080 --> 0:03:22.320 maybe like two thousand ten or something like that, and 0:03:22.440 --> 0:03:24.760 I had like traveled and stayed at people's houses and 0:03:24.800 --> 0:03:27.919 you stay on their couch and it's like free. Um. 0:03:27.960 --> 0:03:30.600 But he told me about this concept of Airbnb, where 0:03:30.600 --> 0:03:33.120 you actually rent out your house and travelers come but 0:03:33.160 --> 0:03:35.320 they're paying you, and so I was like, oh, I'm 0:03:35.360 --> 0:03:38.880 super into that idea of like living vicariously through people's 0:03:38.920 --> 0:03:41.800 adventures and hosting people and all of that. So it 0:03:41.880 --> 0:03:46.280 already seemed like an easy match Airbnb. By the way, uh, 0:03:46.560 --> 0:03:51.000 I feel like it took it was CouchSurfing made legitimate, yeah, 0:03:51.120 --> 0:03:53.160 to a certain extent, because that also then cost you money, 0:03:53.200 --> 0:03:55.360 which totally I mean, I think there's something still really 0:03:55.400 --> 0:03:58.160 beautiful about the idea of couch surfing, but for some reason, 0:03:58.520 --> 0:04:01.320 I don't know, it didn't really stick around the same. 0:04:01.360 --> 0:04:05.480 But I guess people just really like money too. Yeah. 0:04:05.520 --> 0:04:08.000 But essentially he decided to try it out, and I 0:04:08.080 --> 0:04:10.800 was like, oh, that sounds really cool. Um. And he 0:04:11.320 --> 0:04:13.400 was stuck in this lease because he was living in 0:04:13.440 --> 0:04:15.360 New York and I think his apartment most like three 0:04:15.360 --> 0:04:20.640 thousand a month, you know, just crazy um. And he decided, Okay, 0:04:20.680 --> 0:04:22.760 I'm going to just try this Airbnb thing. I'm going 0:04:22.800 --> 0:04:25.440 to rent out my place hopefully it'll just cover my 0:04:25.520 --> 0:04:28.719 expenses until I can get out of the lease. So 0:04:28.839 --> 0:04:31.839 he was traveling like in Spain and South Africa. He 0:04:31.960 --> 0:04:35.200 was only going to be um, you know, like unemployed 0:04:35.279 --> 0:04:38.520 and having unemployment travel for like three months, and then 0:04:38.800 --> 0:04:41.000 he ended up making so much money off of his apartment. 0:04:41.040 --> 0:04:44.839 He traveled for an entire year. And the whole time 0:04:44.880 --> 0:04:46.840 he was like, man, you gotta do this, you gotta 0:04:46.920 --> 0:04:49.680 try this, And I was just distracted. I was in 0:04:49.760 --> 0:04:52.440 school and I didn't feel like I had the time. Um, 0:04:52.520 --> 0:04:56.279 but he's very persistent. Uh, And after an entire year, 0:04:56.360 --> 0:04:59.080 he told me that he made fifty thousand dollars off 0:04:59.080 --> 0:05:02.200 of this apartment that he didn't own. So that got 0:05:02.240 --> 0:05:06.120 me listening. Okay, You're like, okay, that's real stinking money 0:05:06.200 --> 0:05:10.040 right there. Off that you know for sure, and travel 0:05:10.080 --> 0:05:12.920 on that. So and then when you first got into 0:05:12.920 --> 0:05:16.200 a Zianna, you were basically subletting apartments that you were 0:05:16.240 --> 0:05:20.000 currently renting, but on the d L, right, and that 0:05:20.120 --> 0:05:22.320 was was that like a little bit shady? What were 0:05:22.320 --> 0:05:24.000 things like for you in those days? I feel like 0:05:24.000 --> 0:05:25.880 I've heard stories about that, like way back when when 0:05:25.920 --> 0:05:27.720 folks were like, but don't make any noise when you 0:05:27.800 --> 0:05:32.000 check it, okay, Like yeah, I think. Yeah, it's interesting 0:05:32.040 --> 0:05:34.880 because back then people didn't know about Airbnb, so kind 0:05:34.880 --> 0:05:37.200 of when I would tell people, they wouldn't know what 0:05:37.240 --> 0:05:39.599 I'm talking about anyway. So it was kind of like 0:05:39.640 --> 0:05:43.640 a really small I don't know, niche or something for 0:05:43.680 --> 0:05:46.600 at least the first couple of years. So the only 0:05:46.680 --> 0:05:49.360 thing that made me feel worried is just kind of 0:05:49.400 --> 0:05:52.240 my my like very clear sense of right and wrong. 0:05:52.360 --> 0:05:55.440 I was like, I think this is wrong, but it works, 0:05:55.680 --> 0:05:59.239 and there's no rule that says that it's wrong. Okay, right. 0:05:59.560 --> 0:06:01.320 So I think there was a part of me that 0:06:01.400 --> 0:06:04.480 was always kind of worried that a landlord would find 0:06:04.480 --> 0:06:06.960 out and I would get in trouble somehow, but it 0:06:07.000 --> 0:06:10.719 didn't really happen that way. There was two different incidentss 0:06:10.800 --> 0:06:12.840 when I got asked to leave an apartment that I 0:06:12.920 --> 0:06:17.120 was solely um renting and then re renting. One of 0:06:17.160 --> 0:06:22.480 the instances was it was like a nine unit apartment 0:06:22.520 --> 0:06:25.800 building and they owned the entire building. So then one 0:06:25.800 --> 0:06:28.160 of the neighbors routed me out. So I was like, okay, 0:06:28.160 --> 0:06:30.719 I get that, you know, like that's stupid. I didn't 0:06:30.720 --> 0:06:33.960 realize you guys had the whole building. Um. And then 0:06:34.000 --> 0:06:37.000 the next time that it happened, and I'll say that 0:06:37.000 --> 0:06:40.440 that first time, they gave me back my deposit and full, 0:06:40.600 --> 0:06:42.560 they gave me time to move. They were very cool 0:06:42.600 --> 0:06:45.000 about it, and they even said, wow, that was a 0:06:45.000 --> 0:06:47.159 really cool idea, but we don't want you to do 0:06:47.200 --> 0:06:50.960 it in our apartment. Credit that's pretty ingenious, like we 0:06:51.040 --> 0:06:54.200 love your furnishing and everything. But I get out. So 0:06:54.400 --> 0:06:57.400 that was cool. But then the second time that it happened, Um, 0:06:57.440 --> 0:07:00.000 I had a little like one bedroom at another place 0:07:00.000 --> 0:07:02.680 ace and I don't know how the owner found out, 0:07:02.680 --> 0:07:04.960 but maybe, Oh, I think it's because he was trying 0:07:05.000 --> 0:07:09.520 to list on Airbnb, and so you found out. I said, oh, sorry, 0:07:09.560 --> 0:07:13.360 I didn't know that's my place. Yeah, totally. And then 0:07:13.920 --> 0:07:16.280 he asked me to go and I got someone to 0:07:16.320 --> 0:07:19.680 take over my lease, and that girl later I found 0:07:19.720 --> 0:07:22.480 her and him on Airbnb and I was like, Okay, 0:07:22.680 --> 0:07:25.040 you can't stop the system. You know, they're all doing it. 0:07:27.160 --> 0:07:28.920 The floodgates were open at that point in time. Yeah, 0:07:29.080 --> 0:07:30.840 I mean, and so like you know, obviously in a 0:07:30.920 --> 0:07:33.600 lot of leases there are clauses built in. You know 0:07:33.640 --> 0:07:36.080 that don't allow you to sublet. But that's that's not 0:07:36.120 --> 0:07:40.120 necessarily something that like that you mentioned that is completely wrong. 0:07:40.200 --> 0:07:43.640 Like sometimes you are allowed to, you know, to sublet 0:07:43.680 --> 0:07:45.880 your place, and I mean there's a term for that, 0:07:45.960 --> 0:07:49.400 like that's master leasing. Right. Yeah. Um, I think people 0:07:49.440 --> 0:07:52.920 call it arbitrage as well. But yeah, I mean subletting 0:07:53.000 --> 0:07:55.520 is negotiable. I would say that everything in a lease 0:07:55.560 --> 0:07:58.320 and everything in life is negotiable. So what I would 0:07:58.360 --> 0:08:00.880 do when I was signing up for those situations is 0:08:00.960 --> 0:08:03.280 just say, hey, you know, I travel sometimes for work. 0:08:03.520 --> 0:08:05.160 I would love to be able to sublet if I'm 0:08:05.200 --> 0:08:07.320 gone for an extended period. And they would always just 0:08:07.360 --> 0:08:08.960 like cross it out of the lease and let me 0:08:09.040 --> 0:08:11.080 do it. So I was on the right there. It's 0:08:11.080 --> 0:08:13.960 just that they didn't realize that it was like Airbnb 0:08:14.160 --> 0:08:16.280 and I was making money on their apartment and all 0:08:16.280 --> 0:08:19.840 these other kind of things that sometimes make people upset. Yeah, 0:08:19.840 --> 0:08:21.360 well that's I mean think that's really important to know 0:08:21.440 --> 0:08:24.160 for people that are considering it, that that is negotiable 0:08:24.240 --> 0:08:27.560 when you're talking to a landlord, and that it's possible. 0:08:27.600 --> 0:08:30.120 Like I think if one of my tenants came to me, 0:08:30.280 --> 0:08:32.120 even if there were a percent above board, and we're like, 0:08:32.120 --> 0:08:34.240 I'd like to write your place and run it out 0:08:34.240 --> 0:08:36.360 on Airbnb all the time, but I'll pay you a 0:08:36.440 --> 0:08:38.680 hundred dollars more a month than market rate. Then what 0:08:38.720 --> 0:08:40.320 you're asking in order to do it, I'd be like, 0:08:40.360 --> 0:08:42.679 all right, cool, that sounds like, let's talk about it. Yeah, yeah, yeah, 0:08:42.679 --> 0:08:44.440 I mean I think, um that those kind of things 0:08:44.440 --> 0:08:47.240 are always open for negotiation. That's a good point. Uh. 0:08:47.280 --> 0:08:50.240 And then you kind of began to move past that 0:08:50.440 --> 0:08:53.199 and buy some real estate. But the first place that 0:08:53.240 --> 0:08:54.880 you bought, you kind of had to get creative with 0:08:54.920 --> 0:08:57.679 the financing. So can you tell us about that too. Yeah, 0:08:57.800 --> 0:09:00.400 So my first place, it took me a aisle to 0:09:00.520 --> 0:09:02.400 kind of get to that place and being able to buy, 0:09:02.440 --> 0:09:04.480 But it was already after my first two years where 0:09:04.480 --> 0:09:07.560 I was feeling financially independent, um, and those were just 0:09:07.679 --> 0:09:09.680 off of places I was renting, So it was really 0:09:09.679 --> 0:09:12.520 cool that that could happen on its own. Um. But 0:09:12.679 --> 0:09:16.120 when I went to buy, I had this great um 0:09:16.400 --> 0:09:20.240 position where I had a one bedroom apartment that was 0:09:20.320 --> 0:09:22.760 five minutes away from the other apartment that I was 0:09:22.800 --> 0:09:25.120 going to buy, and so I had already been renting 0:09:25.120 --> 0:09:26.720 this place out for like a year and a half, 0:09:26.840 --> 0:09:29.640 and so sometimes I tell people Airbnb is like training 0:09:29.640 --> 0:09:32.520 wheels for real estate, you know. So I had all 0:09:32.559 --> 0:09:34.800 the numbers. I knew what everything costs, and knew what 0:09:34.840 --> 0:09:36.959 my property could make, and so when I went over 0:09:37.040 --> 0:09:39.160 to buy the other one, it was really easy for 0:09:39.200 --> 0:09:41.600 me to know what would work and what wouldn't work. 0:09:41.960 --> 0:09:44.559 So that was like a great, you know, foundation for me. 0:09:45.280 --> 0:09:47.920 At the time, I had a friend who was a 0:09:48.000 --> 0:09:49.920 previous landlord of mine and we had just kind of 0:09:49.920 --> 0:09:52.920 stayed in touch, and he was a big investor. I 0:09:52.920 --> 0:09:56.400 think he owns like eighteen apartments or something and all 0:09:56.480 --> 0:10:00.760 in one complex, and so I think I had heard 0:10:00.760 --> 0:10:02.880 that he gives people loans, and so I just thought, 0:10:02.960 --> 0:10:06.480 you know what, let me just try. Um I got 0:10:06.520 --> 0:10:09.680 some money. Yeah, I was like, you know, I work 0:10:09.800 --> 0:10:12.400 for myself, and I've heard that's hard to get a mortgage, 0:10:12.440 --> 0:10:15.760 and I was doing like massage and Airbnb, and Airbnb 0:10:15.920 --> 0:10:18.679 wasn't really recognized his income yet. It was kind of 0:10:18.720 --> 0:10:20.760 this weird gray area, so I thought that would be 0:10:20.760 --> 0:10:23.520 difficult for lending. So I just thought, Okay, I'm just 0:10:23.559 --> 0:10:26.280 gonna go ask, and if he says no, then I 0:10:26.320 --> 0:10:29.360 have to figure out a new plan, you know. Um, 0:10:29.400 --> 0:10:32.800 but he was cool with it, and he ended up 0:10:32.920 --> 0:10:35.960 making a loan for me. The house that I got 0:10:36.080 --> 0:10:39.040 was like one sixty two. I think our loan was 0:10:39.080 --> 0:10:42.400 one forty four. And at that time, I mean literally 0:10:42.440 --> 0:10:43.880 that could have been a million dollars that I was 0:10:43.920 --> 0:10:46.760 asking for. It was just like so much money. But 0:10:46.800 --> 0:10:49.120 he made it really easy for me. And I feel 0:10:49.160 --> 0:10:52.319 super grateful that people in real estate are so open 0:10:52.320 --> 0:10:55.160 to helping people very often. You know, it's really like 0:10:55.200 --> 0:10:59.640 a mentor teaching kind of community, and I think sometimes 0:10:59.679 --> 0:11:02.079 you just you to ask. You never know if people 0:11:02.080 --> 0:11:04.319 are going to say yes, yeah. I mean what's cool 0:11:04.320 --> 0:11:06.040 about that too, is is yeah. I mean you kind 0:11:06.040 --> 0:11:09.319 of mentioned him as almost this mentor. I mean you're 0:11:09.320 --> 0:11:11.560 you're able to ask him questions and you talk with 0:11:11.640 --> 0:11:13.520 them and talk about the market. I'm sure you know 0:11:13.520 --> 0:11:16.960 when when if someone's that invested in the local market 0:11:17.000 --> 0:11:18.839 there and and interested in real estate, they're going to 0:11:18.920 --> 0:11:21.040 have a lot of wisdom. And that's not something you're 0:11:21.080 --> 0:11:25.679 gonna learn from, uh, talking to your bank, Like you 0:11:25.720 --> 0:11:27.720 don't get that, Like you can't even get that with 0:11:27.760 --> 0:11:29.560 a credit union, you know, as much as we love 0:11:29.600 --> 0:11:31.440 local credit unions. And I'm sure you know, he wants 0:11:31.480 --> 0:11:33.480 to make sure his his investment is going to do 0:11:33.559 --> 0:11:35.480 well and and so you know, he probably wants to 0:11:35.480 --> 0:11:37.680 talk through the fundamentals of the property you're buying to 0:11:37.720 --> 0:11:39.280 make sure that it's gonna work out well for him. 0:11:39.320 --> 0:11:42.640 So I'm sure that in some ways was a learning 0:11:42.640 --> 0:11:45.560 experience in and of itself. Yeah, it was surprisingly light. 0:11:45.880 --> 0:11:48.960 I mean, and I'm like, wow, they want everything and 0:11:49.040 --> 0:11:52.520 your first baby. He was really like, Okay, do you 0:11:52.559 --> 0:11:54.920 think you could cover this mortgage about And I was like, yeah, 0:11:55.200 --> 0:12:00.680 I think so. And he's like, uh, I'm glad to 0:12:00.679 --> 0:12:02.360 see that it worked out for you. Obviously, you know 0:12:02.520 --> 0:12:04.720 in the time since then that yeah, that's really panned 0:12:04.760 --> 0:12:06.720 out for you. But I mean, I assume you don't 0:12:06.720 --> 0:12:09.080 do that currently, right, you know, as far as private 0:12:09.120 --> 0:12:11.480 money lending, you know, so have you changed your approach 0:12:11.559 --> 0:12:15.160 to to find anything since then? Yeah? So I started 0:12:15.200 --> 0:12:17.800 with private money and I got two loans from this guy, 0:12:17.920 --> 0:12:20.680 which was really great. Um. And then from there I 0:12:20.720 --> 0:12:23.840 worked in partnerships and so I would find people that 0:12:23.920 --> 0:12:27.040 either had cash or they had an easy w two job, 0:12:27.520 --> 0:12:30.480 and we would partner together and work out some kind 0:12:30.480 --> 0:12:32.280 of split. You know, it might be a fifty fifty 0:12:32.360 --> 0:12:35.760 or sixty forty because I was managing and kind of 0:12:35.960 --> 0:12:38.400 found the property and did all the leg work for them, 0:12:38.440 --> 0:12:40.000 and they were just kind of like riding the coat 0:12:40.000 --> 0:12:42.720 tails and being able to get the mortgage. So I 0:12:42.720 --> 0:12:45.200 still have a few of those relationships, and I think 0:12:45.200 --> 0:12:48.440 that worked out really well. I'm just for the first 0:12:48.440 --> 0:12:51.320 time getting a mortgage on my own, and it feels 0:12:51.360 --> 0:12:56.600 like big girl steps. But you know, I guess lots 0:12:56.600 --> 0:12:58.560 of people probably don't know, but you're able to get 0:12:58.559 --> 0:13:02.600 ten conventional loans in your own name, and so if 0:13:02.640 --> 0:13:04.600 you max that out, it's nice to know that there's 0:13:04.640 --> 0:13:06.920 other creative ways to get loans with other people and 0:13:06.960 --> 0:13:12.480 their names or privately. So yeah, it's good to get creative. Well, Ziana, 0:13:12.600 --> 0:13:15.760 we have listeners basically who live across the United States 0:13:15.840 --> 0:13:18.880 international too, and you know, people who live in Los Angeles, 0:13:19.000 --> 0:13:22.120 people who live in Montgomery, Alabama, and and so you know, 0:13:22.160 --> 0:13:25.400 we're really talking about this wide range of real estate prices, 0:13:25.440 --> 0:13:28.760 just different scenarios. When you're talking about renting in an 0:13:28.800 --> 0:13:31.200 airbnb and actually, like before we started recording, you said 0:13:31.480 --> 0:13:33.680 that you're buying a home in Making, Georgia, just south 0:13:33.720 --> 0:13:37.280 of US, which is fascinating. So obviously it seems like 0:13:37.320 --> 0:13:39.760 you think that airbnb can work in any market. Is 0:13:39.760 --> 0:13:42.120 that true? Or their markets maybe where it doesn't make 0:13:42.160 --> 0:13:43.480 as much sense, Like what do you have to think 0:13:43.480 --> 0:13:46.120 through based on where you live? Yeah, that's really interesting. 0:13:46.160 --> 0:13:48.920 So this place I'm making, that's actually my boyfriend's buying 0:13:48.920 --> 0:13:53.000 it and I'm helping facilitate. I am the puppet master. Um, 0:13:53.040 --> 0:13:54.640 it is not going to be an Airbnb that will 0:13:54.679 --> 0:13:57.319 be long term, but could it work in making? Maybe 0:13:57.360 --> 0:13:59.400 I'd have to do a little more research. I think 0:13:59.400 --> 0:14:02.440 what's been really interesting since COVID is that a lot 0:14:02.480 --> 0:14:04.920 of the places that people thought would be like the 0:14:04.960 --> 0:14:08.960 hot markets forever, like all of the really dense cities, um, 0:14:09.080 --> 0:14:11.880 have become like a little less desirable because people are 0:14:11.880 --> 0:14:14.800 wanting to have more of a like drive to destination 0:14:14.880 --> 0:14:18.160 with space and work from home office. So I was 0:14:18.240 --> 0:14:20.320 finding that some of the kind of out of the 0:14:20.320 --> 0:14:22.680 way b and bs that I manage, we're doing so 0:14:22.760 --> 0:14:26.760 much better. Cabin in the woods so hot right now? Yeah? Yeah, 0:14:26.840 --> 0:14:29.640 So I think it just depends. I would say that 0:14:29.920 --> 0:14:33.600 maybe the middle of nowhere doesn't make sense as much. 0:14:33.640 --> 0:14:35.880 But I've also heard of people that live like right 0:14:35.920 --> 0:14:38.640 off the highway perfectly between two cities and it just 0:14:38.760 --> 0:14:41.240 ended up being like a great stop over. So you 0:14:41.320 --> 0:14:43.400 never really know. I think it's just about doing the 0:14:43.400 --> 0:14:46.080 research ahead of time, and airbnb can work in lots 0:14:46.120 --> 0:14:48.680 of places. Nice. Well yeah, well, I mean that's what 0:14:48.720 --> 0:14:50.840 we're looking to talk about the rest of this episode 0:14:50.840 --> 0:14:53.239 on just we want to get your thoughts on Airbnb 0:14:53.440 --> 0:14:55.800 and you know, some specific tips as folks might be 0:14:55.880 --> 0:14:59.120 looking to dabble in it themselves. And so yeah, we're 0:14:59.120 --> 0:15:01.440 gonna get your thoughts on that on Airbnb specifically. But 0:15:01.480 --> 0:15:13.440 first let's take a quick break. All right, we're back 0:15:13.480 --> 0:15:16.680 from the break. We're talking about making a living on Airbnb. 0:15:16.880 --> 0:15:20.000 We're talking with the Xiana McEntire and we we just 0:15:20.080 --> 0:15:22.320 kind of talked about your you're making rental that's gonna 0:15:22.320 --> 0:15:25.080 be a more long term one. So airbnb versus long 0:15:25.200 --> 0:15:28.400 term rentals. You see more gung ho about Airbnb than 0:15:28.480 --> 0:15:33.160 traditional rental properties. But yeah, you're you're delving into both. 0:15:33.200 --> 0:15:35.360 So yeah, where do you fall on those? Which ones 0:15:35.440 --> 0:15:37.720 do you like more? And why? I think it's like 0:15:38.000 --> 0:15:40.360 when you're young and starting out, it's great to be 0:15:40.440 --> 0:15:44.360 scrappy and you want to like maximize every little penny, right, 0:15:44.440 --> 0:15:47.520 and I think Airbnb can do that with the right places. 0:15:47.560 --> 0:15:50.280 I think airbnb is the best for a house hack 0:15:50.360 --> 0:15:52.520 if you live on the property, or you're living for 0:15:52.560 --> 0:15:55.000 free because you're renting a room or the basement or 0:15:55.040 --> 0:15:57.920 something like that. It is the best. If you're buying 0:15:57.920 --> 0:16:00.040 a property to airbnb it. There are a lot of 0:16:00.080 --> 0:16:02.400 people in that space that do it professionally, and you 0:16:02.440 --> 0:16:05.320 have potentially a lot of competition based on where you are, 0:16:05.880 --> 0:16:08.840 so that has gotten like a little less profitable. There 0:16:08.880 --> 0:16:11.360 were a few years back where it was like great. 0:16:11.440 --> 0:16:13.840 Every year was like more and more money and you 0:16:13.840 --> 0:16:16.640 could charge more and there was just so much demand. 0:16:16.840 --> 0:16:19.280 And I feel like it's kind of like shrunk down 0:16:19.280 --> 0:16:21.480 a little bit. So I wouldn't say don't do it. 0:16:21.520 --> 0:16:23.480 I would just say make sure that your numbers are 0:16:23.480 --> 0:16:27.280 going to work for you. UM, and I super encourage 0:16:27.280 --> 0:16:29.960 it for anybody that's like actually doing it at their home. 0:16:30.440 --> 0:16:32.760 We just bought a place, my boyfriend and I UM 0:16:32.800 --> 0:16:36.480 in January, and our whole plan was, um, we have 0:16:36.560 --> 0:16:38.840 an extra room here, but we also would rent it 0:16:38.840 --> 0:16:41.600 out any time that we travel and we go and 0:16:41.640 --> 0:16:44.720 do this pet sitting thing um, which basically means that 0:16:44.760 --> 0:16:47.800 we go and watch people's pets and then they don't 0:16:47.840 --> 0:16:50.200 pay us, but we're making like two fifty dollars a 0:16:50.280 --> 0:16:53.520 night on our Airbnb and so we you know, can 0:16:53.600 --> 0:16:55.600 live for free that way, and there's lots of creative 0:16:55.600 --> 0:16:59.040 ways to do that. So specifically, you know, with when 0:16:59.080 --> 0:17:00.800 it comes to like an air to be property, like, 0:17:00.800 --> 0:17:02.840 what is it that you're looking for in a property 0:17:02.960 --> 0:17:05.480 like that you are planning to list on Airbnb? Does 0:17:05.480 --> 0:17:07.360 it truly just come down to the numbers or are 0:17:07.359 --> 0:17:09.040 there other things that you're kind of keeping in mind 0:17:09.040 --> 0:17:11.880 as well? I mean, I think everything comes down to numbers, 0:17:11.880 --> 0:17:15.000 but there are lots of other considerations. I mean, you 0:17:15.080 --> 0:17:18.280 wanted to have kind of like a an interesting look, 0:17:18.560 --> 0:17:20.960 so an Airbnb kind of like I guess I would 0:17:21.000 --> 0:17:24.639 say instagramm herble look, right. So that can be with furnishing, 0:17:24.640 --> 0:17:26.959 but it can also be with architecture, and it can 0:17:27.000 --> 0:17:30.879 be with renovations. So it kind of depends on how 0:17:31.320 --> 0:17:33.520 deep you want to get into the project. I personally 0:17:33.560 --> 0:17:36.000 like to buy stuff already renovated in a cool way 0:17:36.080 --> 0:17:38.040 and then I just like move in and furnish it. 0:17:38.359 --> 0:17:41.120 But some people are real scrappy. So yeah, I would 0:17:41.119 --> 0:17:44.120 say the way that it looks is a huge factor 0:17:44.240 --> 0:17:48.880 because you're selling it by photos, um, and yeah, so 0:17:48.920 --> 0:17:51.399 that that's a huge thing. But then the location is 0:17:51.480 --> 0:17:54.040 also something that people really want, and of course that's 0:17:54.160 --> 0:17:57.360 very common in real estate. Everybody talks about location, so 0:17:57.640 --> 0:17:59.840 there are definitely ways to do research about that. But 0:18:00.400 --> 0:18:02.560 you're going to want a location that draws people in. 0:18:02.800 --> 0:18:04.879 It can be next to an airport, it can be 0:18:04.920 --> 0:18:08.840 by a hospital. Hospitals are huge actually, and universities. I 0:18:08.880 --> 0:18:11.840 find that I really like interesting. Those those are good tips. 0:18:11.880 --> 0:18:13.400 I would not have thought I would never have Yeah, 0:18:13.400 --> 0:18:15.439 I wouldn't. I mean with the hospital specifically. Is that 0:18:15.520 --> 0:18:18.320 just with folks you know unfortunately like coming to visit 0:18:18.359 --> 0:18:20.240 somebody in the hospital and they just need someplace to 0:18:20.280 --> 0:18:23.120 stay for a couple of days. No, actually, so there's 0:18:23.119 --> 0:18:27.520 this huge market of traveling medical professional oh god, like 0:18:27.680 --> 0:18:31.760 nurse housing. Yeah so nurses, doctors, um. Then people that 0:18:31.760 --> 0:18:34.320 are coming from medical treatments and the people visiting people 0:18:34.320 --> 0:18:40.640 with treatments. So yeah, you'd be really surprised about hospitals. Man. Okay, Uh, 0:18:40.840 --> 0:18:43.720 so we're talking a lot about we're using Airbnb, right, 0:18:43.760 --> 0:18:46.280 and and that's kind of where you've really done most 0:18:46.320 --> 0:18:49.399 of your short term your short term rental listings, and 0:18:49.480 --> 0:18:51.680 you've done really well like that. But there are other 0:18:51.720 --> 0:18:54.280 sites out there that compete with Airbnb, like v r 0:18:54.320 --> 0:18:57.440 b O, right, and so, are are there any other 0:18:57.560 --> 0:18:59.760 sites that you feel like people can do just as 0:18:59.760 --> 0:19:01.760 well on Is it worth it to look at airbnbs 0:19:01.800 --> 0:19:04.320 competition or is Airbnb like the only game in town, which, 0:19:04.320 --> 0:19:06.920 by the way, you said v r b O, Yeah, 0:19:07.040 --> 0:19:13.200 they rebraid. Haven't school ads on YouTube verbo? It's the worst. 0:19:13.359 --> 0:19:15.600 I'm sorry. Every time your verbo, I'm like, nope, I 0:19:15.680 --> 0:19:18.480 reject that v r b O. It's not going to 0:19:18.560 --> 0:19:22.520 buy into your new brand. It's so bad. Um, yes, 0:19:22.600 --> 0:19:24.840 I think it's valad to be on both of those websites. 0:19:24.960 --> 0:19:27.159 I have branched out and tried some of the others, 0:19:27.240 --> 0:19:30.320 and there are hundreds, but I really don't think that 0:19:30.400 --> 0:19:32.919 I get the return that I need. So it's like, no, 0:19:33.640 --> 0:19:35.920 every time you learn a new website, you have to 0:19:36.000 --> 0:19:39.040 learn their like back end, their extra net. It's just 0:19:39.200 --> 0:19:42.320