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Updated over 7 years ago,
AirBNB/Home Sharing Expert Consulting for Chicago
If you aren't getting the revenues you are expecting from airBNB, or if you are thinking about listing your property on home sharing market but aren't sure if it's a viable alternative. Talk to me first.
AirBNB has been great for many investors, but most of them are leaving money on the table. Make no mistake, airBNB *is* ecommerce and unless you have experience in this realm, you are going to make a lot of mistake, many of which you aren't even aware of.
I've run online businesses since the early 90's ranging from Internet service providers to e-commerce. Everything from the paint color on the walls, to how you communicate with your guests matters. I split test everything and run things by the numbers to maximize bookings. I have been able to generate eye-popping numbers in terms of booking rates (over 99% occupied!) with previous guests clamoring to get on a 'waiting list' if there is a cancellation.
I'm making 4x the money per door then I would with normal investing. My home share rental income is at a level where I'm recovering the entire purchase of my properties every 2 years. Even with double-digit percentage price appreciations annually for the past five years, I simply can't sell because the money is too good for me with homeshare.
I'd love to scale this out for others as part of my 'race to retirement', if you are interested in having an expert that will help you maximize the revenue out of your properties, reply to this thread with your property address. I'll take a look and if it's something I think I could work some magic, we can talk in private.