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Updated about 1 year ago on . Most recent reply

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Joel Oh
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One thing I learned from running Airbnb

Joel Oh
Posted

I had months like this (STR dream)

Also had months like this (my cleaner's STR dream)

and also months like this (where is my guest?)

but after all that, I learned that you don't need to stress about your bookings but just go with the flow.

In the end, the money comes from the number of units not individual performance. 

Even it makes $100 per month, if you have 100 of them, it is $10,000 per month.

Reviews are just reviews, tax is just tax. No stress and freedom = A good life

Hope y'all enjoy your life! 

Most Popular Reply

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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Joel Oh:

I had months like this (STR dream)

Also had months like this (my cleaner's STR dream)

and also months like this (where is my guest?)

but after all that, I learned that you don't need to stress about your bookings but just go with the flow.

In the end, the money comes from the number of units not individual performance. 

Even it makes $100 per month, if you have 100 of them, it is $10,000 per month.

Reviews are just reviews, tax is just tax. No stress and freedom = A good life

Hope y'all enjoy your life! 


Your running an STR that is listed on Airbnb.

$100 per month I'd not worth the effort to me. I would just have LTR houses that I cash flow over $1000 each after expenses because I bought them cheap with cash  These are very close to passive, even self managed, because I have systems in place.

STRs also run the risk of the rules being changed and areas becoming saturated. So I would want way more than $100 per month given the extra risk.

  • John Underwood
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