Forget AirDNA | You Need This Free Market Research Webinar | Airbnb Host Growth Hacking 2018
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- čas přidán 4. 02. 2018
- Here is how you identify where to choose your next airbnb property using simple proven market research techniques. This will also teach you how to identify gaps in your local short term rental market.
#realestate #market #research
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Airbnb Automated is committed to providing you the best airbnb advice possible, real airbnb hosting tips, airbnb strategies that you can apply, and short term rental reports and news in real time as we discover information that you need to know. We hope to be your number 1 source for Airbnb instruction. Tell us what you want us to teach you below in the comments! - Sean Rakidzich
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Hey guys hope this was helpful! Leave me a comment with your thoughts?
Here are some resources for you:
1. Learn how to start a six-figure Airbnb business here:
ss.milliondollarrenter.com/free-training
2. Free Facebook Group: facebook.com/groups/442411303158530/
Great stuff. I suggest a video tutorial on listing SEO within the platform and to gain traffic from external sources such Google
My hacked algorithm video covers internal stuff. I’ll work on the Google video
Thank goodness she has to do something about it this week she said it would take me
Sean you are the quintessential American! You started from NOTHING, and through knowledge, courage and action now you have EVERYTHING!
As i was implementing this into my own research I stumbled upon a road bump, when you're looking at the current month to get the occupancy rate, any days that have passed by are crossed off, if we count those as "occupied" arent we inflating the percentage because we dont really know if it was occupied or not. love your content! would love to hear back.
Thank you for nerding out with this and showing us steps you take to dig down into the details
Omg! I cannot believe you gave this away for “free” this is golden thank you!!
I started watching ur videos a couple weeks ago and I’m already getting 5x as many bookings from the changes I’ve made after watching your videos, and getting feedback from the fb group. THANKYOU SEAN
Sean in a word you are ...AMAZING!!!
While anyone else would be selling it and becoming wealthy by that alone you give it all away for free .
Simply because you care for other people
You are worth your weight in Gold
Best to you !!
Thanks Eddy :) glad to help
@@AirbnbAutomated God bless you Sean. I'm a newbie and what are the first steps to get into this business
Wow, what a wealth of knowledge. Now I feel pretty confident in figuring out how to price my properties. Thanks for taking what could have been a complex subject and making it simple by walking us through every step.
Brilliant analytics!!
This is amazing! Watching here in 2021 post COVID and middle of vaccine. I’m very anxious about starting the very first STR in the Houston market. My husband and I are in LTR. Thanks Sean!
I am very glad to have found this channel
really enjoy this technical stuff man.
I used this to pitch. Thank you for this great content.
Thank you so very much for sharing this and creating your pricing course. I'm starting to apply all of this knowledge as of today, and I am confident this is what will turn around and save my airbnb properties despite the corona crisis. Thank you again.
So much helpful information here. Thanks very much and I hope to see more from you soon.
Hi, I love your videos, can you put the volume up when your recording please.
Volume seems fine to me
mate this video was so damn valuable, cheers!
Simply Amazing. Thanks a lot
Sean - This video is definitely a winner. Thanks for breaking down the pricing strategy you use. I will check this against the AirDNA data (tried it for one month).
hey, how did your comparison go? I was curious about that while watching too.
Hey Sean, great stuff. I've been watching your channel for a couple months now ... excited to dive into this business model.
@p never got a lease on a place, got busy with other things :(
Sean this is amazing
Excellent information, great value for a newbie like me 👏🏾👏🏾👍🏾
Interesting. Cool. Gave me a lot of insights. And how to adapt it. Slicing and dicing Airbnb to check what competitors do. And how to set competitive rates. And how/where to invest. Thanks.
nice work! thank you!
Invaluable content thank you!
Incredible tutorial!! Thank you so much
Great Vid man!!
Love this info thank you
Thank you, awesome content.
Awesome video, Sean! I have been looking at Air dna but they charge per market? It gets expensive if you are analyzing a bunch of markets to decide where to go. Thank you for this :)
Sometimes paying for a service can make you win some extra time. It is good to budget and know how to work things out, though sometimes it is better to leverage your time and spend on more essential tasks.
Sean this was awesome!!!
I live in South Florida and your market analysts although great , presents some challenges when I am trying to apply it to my area ( Fort Lauderdale) .
The daily rates in January- March are much different in comparison with daily rates in let’s say July - August!
South Florida winter rates are much higher then spring - summer .
Any suggestions how to go about that ?
Thank you soo much !!!
❤️❤️❤️
Thanks for the video.
This is also handy to know if you are renting.
How do you know that those days are actually booked by guests vs blocked by the host?
Great unanswered question.
@@alfonsosuarezvera1941 he answers it in min 6:20
@@asherlevy1951 doesn't sound like he
answered it
@@asherlevy1951 he doesn’t
Also consider minimum stays… if the minimum is 3 nights and two parties book three nights each with only 2 nights between then it looks in the calendar like 8 nights booked but it’s only 6. That will skew the numbers towards over estimating especially with properties with longer stays.
Really good Video
This is awesome! What do you think of the corona virus effecting demand?
Really interesting video, thanks!! However how do you know hosts haven’t blocked dates out for there own use
what is your actual initial investment on one property, are they already furnished or do you purchase the furniture. What is the actual cost of the lease and how do I determine is a location is actually viable?
THANKS FOR THE INFO.
Nice video you have! Is it convenient to set a starting price low in a suitable listing for gaining good reviews?
Awesome
thanks for another great Vid! in your opinion, what is a good average profit margin for a rental unit. If i am currently grossing $3000 after airbnb fees @ 80%+ ocupancy, on a rental unit costing me 1.8k + 300( Broadband and electricity/water)= 2.1k is this a good margin? what should be looking for in terms of profit margin?
Thanks for the video. There must be a way to automate all of this work with simple macros and such? Maybe you can hire a programmer to create something simple that auto extracts the data in each of those calendars and auto writes to a spreadsheet.
It is possible for sure, no way that there isn't someone that haven't already coded this. It pretty straightforward stuff. I've been looking for something that would solve this issue for the last hour but the best thing I've found is Octoparse, It does the basics but not exactly what I'm looking for. Did you find anything Fred?
How do you know that the first 3 days of the month have been booked? You recorded this video on the 3rd of february so those 3 days appear as not bookable since they belong to the past and you cant book them. It would be better if you counted the days starting from the 4th of the month and divided by 25 this would be more accurate.
Holy Moly, this video was a GREAT FIND! I'm new to the investment rental business and I am looking for a second and I feel like I struck gold with this guy's videos!! Subscribed!!
Great content Airbnb Automated and I'm amazed that you're giving it for FREE :) I have a question: So you're business is in the USA right? But... are all these rules applying to Europe? If not... (someone) can recommend some online courses that applies for Europe? (I am from Romania)
Hello! Love your channel and what you are doing to help everyone.
Which town?
But how do you research inbetween cities? How to compare cities to one another?
Thanks for a great video
would you rather get the largest property (8100 SF) in an area with no large property comps but several smaller and medium comps at 70% occupancy or a medium/large size property (6000 SF) in an area that has a few comps the same size that have 70%+ occupancy? Because it sounds like sometimes it is good to get the largest one. Or would it be better to get about the same size but put more beds? Sounds like some of those guys are gona get shut down though due to noise violation, parking violation, etc.
Is there a way to easily figure out the most sought out area codes for short term rentals? I know that I can just enter one are code into Airbnb and do research but was wandering if there was a way to know the 10 most sought out places.
Do you use a pricing software and if not how do you manage your pricing so well?
I'm glad i watched the entire video..... Extremely helpful... When is your course coming out?
That’s definitely a work in progress. I’ll be posting updates
Please do. I need a turn key program so I can start out running and avoid most pitfalls... this is excellent advice and training
Hi Sean, I love your videos too, but can you put the volume up when your recording please. Thanks
That’s been fixed lately! Will do another one of these soon
Great, Thank you Sean!
would be so great if you could look at past months in the calendar of airbnb posts. sigh..
Hi Sean - I've been implementing your market research strategy as you show us above, (but in EUROPE) I do come across calendars that look fully booked for the whole entire next year or longer period. Compared with other similar properties it is not logical that the calendar is fully booked for such a long time. How can I differentiate if the property is fully occupied or if the owner for example does not want to list it or keep it to himself for 2 months straight? Does Airbnb differentiate that and does Air DNA differentiate it as well? Maybe some of you also have answers thanks a lot
Sean: What percentage of condo / apartment buildings are not allowing Airbnb? Also assuming many buildings at this point are now limiting the number of Airbnbs they have as this may be something that other tenants are against?
I noticed that your listing shows a long term stay discount but the booking is for only two nights. I haven't been able to find how to set a discount except in a weekly or monthly setting. I must be missing a setting somewhere. Can you help?
hey how do i add a channel manager to my listings ? i will appreciate the help provided
How can I contact super hosts on Airbnb to ask them to be a co-host for me?
do you have any advice on how to pick your location for your apartments?
One bedrooms are very rare in my location. Majority are 3 bedrooms. Do larger units do as well? With 3 bedrooms is the entire house rented or what percentage of the time do you have to break it up and book individual bedrooms..?
Your videos are terrific. Do any of them discuss market research and pricing strategies against local hotels? Thank you.
I have a few pricing strategy videos yes. I’d have to go back to affirm how squarely we talk about Vs hotel considerations. I could always whip up a new one
@@AirbnbAutomated Please do, thank you!
This is great information to do this n your own. I really enjoying your videos and have been learning a lot. Do you have a recommendation on reading list on this topic?
A reading list for which topic?
Market Analysis for Airbnb@@AirbnbAutomated
What if the host was away last month? Would it be possible to think that it was booked, but it was closed for reservations?
I live in Houston, do apartments in downtown let you Airbnb?
YOU are AWESOME!!!! 😋 😎 😍The Super Hero of STR!!!! 🤴 The BARON of Arbitrage 👏👏👏 Seems like a lot of really NICE properties in TX...Why did you choose Houston? And where do you have properties in FL? Is Orlando a GREAT location? Do you have properties their and are they do well? Thanks
Houston's has good marketing value and there homes and apartment are understanding prices it's just good marketing just like the Tennessee areah just good for marketing air bnb in
Orlando is a good place cause of the Walt Disney theme park a alot of vacationers go there for vacation
How does this work when I want to price/search medium term stays
Am I doing something wrong or has AirBnB stopped showing the number of views for a given listing?
Sean, I don't know if you check these comments anymore since this video is 3 years old (I am just starting to dig into STR's) , but it looks like AirBNB changed the formatting for the property presentations and not in a user friendly way. Am I missing something? e.g. they appear to no longer have a business ready filter and only displaying properties in horizontal format so can only see one or two at a time. Is it me? Or did they significantly change their formatting. Not conincidentally, it seems to make evaluating the market and competitor pricing more difficult.
Can you share the link to that google drive file??
I was doing the identification and I am shocked and terrified. I saw that the average is really low. And many just have their place booked only in these 30 days, the rest is totally free. Is this telling me do not invest here?
Respekt - Ali G
What if you're someone like me that doesn't have a lot of cash. How do I make this business work.
I think I'm going to rent an abandoned prison and put in on AirBnB. "Hey I can host 165 people! Only 3000$ a night." 😂
I think there is one for sale and Dallas
People will surely book something like that. ^^
Boston has a hotel famous for being a prison so I really do think it would be a hit
There are apartments that were made from Michigan’s first state prison in Jackson. Lol
I am really curious of your Leasing strategy. It's hard to have them allow airbnb.
Yes. Would you please outline how you side step or directly get lessor to ok short term rental when most all leases state only the lease is allowed to live in the unit??
this would be a great video!
I think that’s something you should be able to do on your own. 🤷🏿♂️
Sean is mentioning it in a lot of his other videos. Basically what you do is form a LLC: a company can't "sleep" in an appartment therefore you'll need a tenant, which is by definition not subletting.
Does it work for all countries?
$90 at 50% occupancy is only $1350. Thats about the rent at most of those properties. What am I missing?
in bc to register an llc you need an office adress. should i put my home adress or should i rent an office just to have an office for all this. is it legal to use my home adress?
Laurel Kline northwest LLC hiring agency only a extra 40 plus state fees to use their address
How is the course going?
Thoughts while watching :
Wow I actually learned this type of data analysis in school... Just not how it was applicable....
You can totally write a web scraper for this....
The bigger the better hmmm?....
Blue ocean strategy applies...
Thank you Sean
That’s a huge opportunity
@@AirbnbAutomated the web scraper or 12+ beds?
Anyone know the website he was on?
How do you add the 2 day long stay discount on airbnb? Im unable to find it
I believe you have to have 5 active listings on the platform. I’m trying to confirm this
Excuse if this is the stupid question but , Is it ok to fluctuate prices from a day to day week to week basis
Absolutely
Why are you against minimum stays?
Hi. Why when I search in the past I cant found when the Airbnb was rent ? Every date is just grey
Did you figure it out? I think that you can't check the past bookings
Do you have a mentorship program?
I do. DM me on Instagram
What was the catalyst that got you started with Airbnb?
Did you start out renting your own place or did you launch with multiple listings immediately?
I was stuck with a lease that had 9 months left on it after using it as a short term relocation offer for a sales manager I hired. I had to either airbnb or buy out the lease. That was the nudge!
Excellent - It appears you made the most of that opportunity!
at what percentage of occupancy are you actually profitable in these units?
Kenneth Doyle usually at 35-40%
Zombies I want to throw up, illuminate brainless /heartless you manipulate the people for bud reasons and perpus,you are completely ediot you and your numbers,
@@holidaystropicanajuicebarb8454 and why does your bright mind think that buddy? Can you enlighten us?
I am really curious on whether airbnb host is able to block out the date in airbnb calendar on purpose. Let's say future dates.
If yes, how do we know whether the occupancy rate of what we are doing research is correct or not?
They can. You’ll need to ask yourself “why would they manually block dates?” They likely aren’t trying to harm their own airbnb business so they may only do so under special circumstances
Is there other way to calculate occupancy rate since they are able to block out the future dates which will make the information becomes inaccurate?
Without having access to other hosts accounts. I cannot say I know a better method. I do believe you may be overestimating the variance this would cause over a good sample size
Today is 11/5/2018. I notice that when I look back on April calendar, I see the host has over 80% occupancy rate. Is it reliable for me to look at the past dates?
Not so fast… what you see on the calendar isn’t all bookings
What site is this to do free market search?
This is on the airbnb platform
you need a microphone!
There is a lot of things you can kmow with airdna for less than a day of rent. I don't think you understood the tool. Yes you can do some research the way you are doing. But you are missing a lot
Can you really assume that the property is rented just because the dates don't seem to be available? Owners can block dates for personal use, not necessarily renting it. It's bias
When taking a decent sample size , how would you weigh into your calculation the % of those instances that the host wants the space? Would assume those days go 100% unbooked? 100% booked? 80%
If your blocking dates for personal reason, This isn’t going to make you money. I know ppl who have slept in the car and rent out the unit to make cash. M
@@AirbnbAutomated good point, When calculating the occupancy for the current month and all the previous days are crossed out simply because you can't book back in time - I'm assuming that would have quite an impact of the overall figures if you are to assume each night was booked. Is there any way around this? Cheers
"For free". Time is money, the time spent for doing all this (and repeating) is way more costly than Airdna subscription.
But when Airdna is wrong, mistakes cost money
there is no sound?
There is. Check if the sound is on mono or stereo
it was the browser thanks
For the Algorithm
Funny, you thought your filters were 1 bedroom, 1 bath but they were actually 1 bed, 1 bedroom, 0 bathrooms. I think you were just thinking too fast for the video.
I tend to be too quick for me own good lots of times. I’ll misspeak too. Having to prompt typos on the screen. Thankfully it rarely if ever diminishes the point