Airbnb Rental Strategy: Is it Right for You with Bill Powers – Episode #369
Today my guest Bill Powers and I are diving into whether the Airbnb rental strategy is right for you. How would you like to know how to 3x or 4x your rental income in this show by adding Airbnb to your rental portfolio?
“Base your buying decision on annual rents (not Airbnb rents) when you buy the property”.
If you want to gain a deeper understanding of the Airbnb Rental Strategy, this episode is for you!
Bill is a serial entrepreneur with experience in business development, sales management, marketing tactics, and business operations. His expertise arises from the operation of a global consumer products brand as well as management and investment in several small businesses including recent investments in real estate. He has identified market opportunities, built teams of employees/contractors, and secured financing for startup ventures at several organizations during my career.
[00:01 – 04:27] Opening Segment
- An overview of the Airbnb Rental Strategy
- Bill’s journey getting into Airbnb
- Why starting an Airbnb business can be lucrative and can help a local business grow
[04:28 – 15:48] The Business of Airbnb
- The main sources of Airbnb’s revenue, and how the company has been able to succeed in a small town
- Why Airbnb is a viable option for people to earn extra income
- How Airbnb conducts research on short-term rentals in order to stay ahead of the competition
[15:49 – 25:00] The Ways That Airbnb Can Help to Grow Its Business
- Have a team that is able to handle the organization and customization of the service
- How Bill built a successful business by doing it for himself and then expanding into Airbnb
- Components you should consider if you're thinking about investing in Airbnb
[25:01 – 26:49] Closing Segment
- Bill shares some great advice for those looking to invest in real estate
Want to connect with Bill? Follow him on LinkedIn. Make sure to visit RTO Property, a property consulting company based in Waukegan, IL. They currently manage over 300 units, mostly single-family homes in Lake County, IL!
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