How to start an Airbnb business while working full time

0:00 in today's video we're going to go over if I started Airbnb while working full-time here's exactly what I would do if you don't know who I am my name is Preston today we're going to go straight to the point and dive straight into how you can start a profitable airb business while working a full-time job there's going to be no fluff in this video just actionable strategies that I personally use to build a multi6 fig Airbnb Empire you can set up and run a profitable Airbnb in just 3 to 5 hours per week and I know that sounds crazy but I've done it before and I've helped hundreds of students do it too and here's what we're going to cover today first up we're going to talk about my bridge method and how to start with as little as $10,000 and no property ownership and the exact systems that I use to automate 90% of the work we're also going to go over how to find Hidden Gem properties that most hosts Overlook let's jump right into the bridge method so this isn't just some Theory it's the exact strategy that I Ed to replace my corporate income in less than a year and here's how it works so first up you have to find a place you can use a place like zillow.com for rent and you can start hunting for properties in high demand areas I'm going to show you my exact filters here in a minute next you want to rerent it negotiate a lease with the owner's approval and then you rerent that out using a sub lease agreement I'm going to share with you a script that I use for this as well next we're to furnish the property I have a Furniture checklist that you're going to save you thousands of dollars and we're going to get to that here in a bit as well and then finally you're going to want to list on Airbnb vbo booking.com and this is where all the magic happens and you get all the bookings now let's break down all the costs monthly rent is going to depend on where you are and the market that you choose but let's call it $ 2,000 to $2,500 per month Furnishing

1:17 it it's going to cost about $4,000 to $6,000 depending on the size and then other startup costs about $2,000 for things like photography cleaning Etc so total investment is going to be about $10,000 to $12,000 depending on how big the property is now here's where it gets exced exciting with this method you can typically net around $2,500 per month from a single property that means you're looking at making your initial investment back in just 5 to 6 months now let's talk about the time management about fitting Airbnb to your full-time schedule and I know how hard it can be to fit these into your busy schedule especially when you have limited time so let's tle a big question how do you actually manage this while working a full-time job so I'm going to break it down week by week showing you exactly how I did it so from weeks 1 through two I did market research and property hunting and I spent about 2 to 3 hours per week doing this so you can use your lunch breaks to research local airb ations or you can use a tool called perplexity doai and this is where you can use AI you can ask a question about any location and it's going to tell you the most upto-date information then you can dedicate about an hour per day to start searching for properties on Zillow and creating a short list of potential properties and then you want to dedicate 30 minutes per day to analyze Market data for your short listed properties and then from weeks 3 to four I did remote property assessment and also negotiation so I use the evenings to analyze property listings in detail and then I use Google Street View to assess the neighborhood to make sure that's going to be a good location and then I prepare my pitch for landlords here's my exact landlord script that I use but I suggest that you come up with something similar based on how you make it sound

2:34 best then I started making calls to landlords during my lunch breaks or right after work and then I started conducting these virtual property tours if they were available and then I Ed tools like FaceTime for remote walkthroughs with the landlord or property manager and again the beauty of the bridge method is that you never need to physically visit the properties before you're going live this AES you tremendous amount of time and money and also allows you to expand into lucrative markets regardless of your location so some tips for remote property assessment number one you want to ask for detailed videos of the property including all the rooms and outdoor spaces you also want to request recent maintenance records to understand the property's condition and number three use online tools to research the neighborhood nearby amenities and also potential guest attractions and fourth prepare a comprehensive list of questions for the landlord about the property and its history and remember your goal is to gather enough information to make an informed decision without physically being there and this remote approach is what allows you to scale your Airbnb business efficiently while maintaining your full-time job weeks 5 through 6 you want to start setting up systems and Furnishing this going to take anywhere from 4 to 5 hours per week so first you want to start ordering your furniture you want to use use your weekend evenings to order Furniture online and you can use the sprad sheeet to track everything and create a budget for yourself so you don't go over budget and again your budget's going to depend on how big your property is but around $4,000 for a standard one or two-bedroom apartment now you want to also start building your boots on the ground team like hiring your contractors I like platforms like thumb tag or direct Google searches to find local contractors I even like to go on Facebook groups to go and search for them as well and they want to start

3:50 hiring movers to receive and set up all the furniture you also want to handyman on call for any minor repairs or adjustments and then you want to hire a professional cleaner for the initial deep clean the most important person on your boots on the ground team is going to be your cleaner because if a property isn't clean then you're going to get bad reviews and your property is not going to get a lot of bookings so you want to make sure that you thoroughly vet your cleaner and here's how you can do that I have this interview document I used to vet and hire good cleaners so you can get a better idea on how to do this right you can also take a screenshot of this and use these questions for yourself now let's talk about the contractor rules so obviously the movers are going to come in and set up all your furniture the handyman's going to come in for minor tasks like putting up ring cameras paintings Etc and the cleaner is going to come in for that initial deep cleaning and make sure that everything is good to go and then you're want to start start scheduling and coordinating the contractor visits I like to create a rough sketch of where I would like everything plac and send it to them beforehand and then for the finishing touches of the furniture placement and also the setup you can FaceTime your contractors and have them rearrange as you're on the phone with them now you're going to want to start setting up your back office and automation tools so you can set up your automation tools in the evenings it's going to take anywhere from about an hour per day you want to also create your digital guide book and check-in instructions so you're not constantly have to answer these every single time a guest want to book your place and then you want to start implementing tools like price labs and guesty so we're going to break down each of these tools and why they're crucial for running your airb business efficiently price Labs what this is It's a dynamic pricing software that automatically adjusts your nightly rates based on your demand local events and

5:08 also market trends this is why it's incredibly important because it maximizes your Revenue by ensuring your prices are competitive and optimized at all times the setup is really easy just connect it to your Airbnb account you set up your base price and minimum maximum rates and let the algorithm do the rest and pro tip review and adjust your base settings weekly for best results then we have guesse what this does is it automates the guest communication from initial inquiry to post day and follow-up this is incred important tool it saves hours of time responding to guests ensures consistent communication and also improves guest experience this again is super easy to set up you connect to your airbm account and create message templates for different scenarios like your booking confirmation checkin instructions Etc and also set up your digital guide book your digital guide book and check-in instructions it's going to provide your guest with all the necessary information about your property and the local area and again so you're not having to send this every single time manually again this is going to reduce guest questions improves their experience and can lead to better reviews you can use guess these built-in features to create a professional looking digital guide book super easy to do and this is going to include the check-in checkout procedures Wi-Fi information any house rules that you have how to use appliances and amenities and also any local recommendations you have like restaurants attractions Etc by implementing these systems and hiring people you're going to essentially create a virtual management system for your Airbnb that's going to operate 247 handling guess interactions and pricing decisions as well and this is how you can run multiple properties while only spending a few hours per week on your airb business and this is the time you invest in setting these up it's going to

6:24 save you countless hours down the linee it's all about working smarter not harder and these tools are the key to scaling your Airbnb business while keeping your full-time job and remember to always ask your contractors to send photos or videos of the completed work and it's going to help you ensure that everything set up correctly and gives you visuals for your airb be listing and by the end of week six or 42 days later your property should be fully furnished clean and ready for professional photos all without you ever having to visit it in person that is the power of the bridge method leveraging other people's time to build your business efficiently now let's talk about how you can actually manage this in just a few hours per week and the secret is Automation and Outsourcing here's my exact process so first up I hire a virtual assistant I like online jobs. pH to find virtual assistants for about 500 bucks per month they handle all the guest communication and booking management here's an interview document I used to hire good virtual assistants you can take a screenshot of this and again you want to make sure that use the right tools so that we can automate this business as much as possible price LS for dynamic pricing and also guesty for automated messaging checkin instructions and digital guide books then you want to set up your Sops I have five core Google doc Sops that cover everything from guest communication to cleaning protocols and my team uses these to run the operations without my constant input and then I also have a weekly checking call I spend about an hour each week reviewing performance metrics and then also address any issues that need my attention this system allows me to focus on the strategy and growth instead of getting bogged down in the day-to-day operations now that we covered the nuts and bolts of setting up and automating

7:41 your airb business I want to address something really really important here now I know what some of you guys might be thinking okay you're probably thinking Preston this all sounds great and all but I'm still not sure if I can do this on my own and you know what that's completely okay in fact it's normal to feel this way when you're starting something new now let me ask you this remember back in college when you had a big exam or a crucial assignment deadline did you lock yourself in your room and try to figure everything out from scratch or did you team up with classmates share notes and use resources that others had already compiled I bet you chose the second option and the reason is because it's smarter faster and far more effective think about your rbb journey you could be spending months researching markets properties and systems or you could leverage a proven system and fast trck your success this is where me and my team come in we've helped hundreds of people like you overcome these mental barriers and also launch successful airb businesses here's exactly how we do it we do the all the market research for you so you don't have to worry about choosing the wrong location and we also find preved properties with high potential and landlords ready to suas your properties saving you countless hours of searching we also provide you with all the Sops systems databases and all the resources that you need so you don't have to reinvent the wheel you also get access to our network of successful hosts so you never alone in this journey essentially we're offering you the chance to duplicate my successful system into your business and speedrun your airb journey so if you're serious about launching your airb business and want to Fast Track your success here's what you can do you can click the link in the description to book a call with my team and on this call we're going to Deep dive into your specific situation and your goals

8:57 identify the biggest obstacles holding you back and also create a custom road map for your Airbnb success and again if you're interested the link is in the description now you know throughout this video we've talked about the Practical steps of starting an airb business but there's one more crucial element that we need to address and that's the voice in your head that might be holding you back so let's just be real here for a second while you're first looking at starting your Airbnb business especially while you're working full-time it can seem incredibly overwhelming your brain might be telling you you know this is too complex or I don't have the time or even I'm not cut off for this and trust me I get it I've been there and when I first started I couldn't connect all the dots and it seemed like there were a million moving parts and I couldn't see how it all come together but here's the thing that's exactly why I made this video think of it like a dopamine hit for your brain I've broken down this seemingly complex process into simple actionable steps and the reason is because I want you to know that it's not as hard as you might think it's actually way more achievable than most people think and remember your brain loves Clarity when things are unclear it's hard to get started but now that you've seen this entire process laid out step by step from finding a property to automating your operations doesn't seem a lot more doable and this isn't about sugar coing the process because yes it actually takes work and yes they going to be challenges but the point is it's not this insurmountable task that your brain might be making it out to be so if you're sitting there thinking maybe I could do this then great that's exactly the point you absolutely can do this and now you have a ro map to follow don't let the fear of the unknown hold you back cuz you've seen in this process you know it's possible to run this business in just a few hours per week you have

10:14 all the tools the strategies and now the belief that you can do it and hey it's completely okay to not know how to go from A to Z you only need to know how to go from A to B and then just focus on the next step and figure out what to do after that don't get too overwhelmed by thinking about and mapping the entire path so what's your first step going to be researching properties setting up your Z Zill alerts whatever it is commit to doing it today because now you know this isn't just some pipe dream it's a real achievable path to Financial Freedom while working your 9o5 so with that being said I'll see you in the next video and let's make it happen