Every airbnb tutorial condensed into 40 minutes (starting with: should you even do it)

Get a $100 cash bonus when you fund a Baselane account: https://www.baselane.com/lydia MY TOOLS: My Clickup operations dashboard and template (Vacation Venture Vault): https://lydiapatel.com/vacationventurevault Short term rental calculator (free): https://lydiapatelll.ck.page/calculator Setup guide downloadable (free): https://lydiapatelll.ck.page/how-to TABLE OF CONTENTS: 0:00 intro 0:23 Should you Airbnb 4:44 How to pick a market 7:38 Buying property 8:25 Legal entity and business setup 9:18 Business banking 10:17 Business credit cards 11:30 Rental license and inspection 11:54 Documentation (bookkeeping, mileage, time) 13:10 Property setup 13:52 Security measures 16:09 Interior design, high ROI elements 18:30 Stocking supplies, inventory management 19:38 How to build your team 21:06 Standard operating procedures, downloadable PDF guides, project dashboards 22:23 Photography tips 24:30 Setting up listing and profile on Airbnb 25:59 Airbnb algorithm 26:48 House Manual tips 27:03 Pricing strategy, cleaning fees, cancelation policies 28:40 Guest messaging templates and tips 29:20 Add VRBO, booking.com, direct booking, etc 30:16 Property management software - do you need it? 31:20 Operations setup / final touches 33:30 How to set up your own project dashboard and build SOPs 35:50 How much ongoing time is needed? 38:56 First 6-12 months are HARD - beginner advice RELATED VIDEOS FOR A DEEPER DIVE aka basically a free course on Airbnb-ing: How to pick a market: https://youtu.be/WU5z_Ak3znE How to project revenue: https://youtu.be/4VfGy_tA6oI How to use IRR to assess an investment in real estate: https://youtu.be/IexZvsti93Q How to write the perfect listing: https://youtu.be/axxkShYgMqw Airbnb algorithm: https://youtu.be/fOe-1ZOK7FE Building an operations dashboard on Clickup: https://youtu.be/ffGqJW63mYI How to screen guests/deal with bad ones: https://youtu.be/oh3I4G29aRk How to guest messages: https://youtu.be/J41BWzZcMvc and https://youtu.be/R-LepDdJouk Tax-related benefits: https://youtu.be/9h0etOeWE-Y Mistakes to avoid: https://youtu.be/S6sL7xLNCH4 Interior design tips: https://youtu.be/v_YpNsCbsLs The original guides: https://youtu.be/IAmqFg8QZUg and https://youtu.be/TXmRiIwJXjI USEFUL LINKS IN YOUR SETUP: Airbnb hosting with me as your ambassador: https://www.airbnb.com/rp/lydiap12302 AirDNA (for projecting $$, free version available): https://invite.airdna.co/Lydia-Patel1 Pricelabs ($10 credit): https://pricelabs.co/users/sign_up?referral=WY3KiB Projection Lab: https://projectionlab.com/?ref=lydia98 free version works great, if need to save data then try the premium Landlord Insurance: https://lydiapatel.steadilypartner.com Northwest Agent discounted rate at $39 per LLC with link: https://tidd.ly/4gn0U5m Lodgify (PMS): https://www.lodgify.com/?afmc=1nq&utm_campaign=1nq&utm_source=leaddyno&utm_medium=affiliate Minut: https://minut.grsm.io/y038at04wf00 Upwork (for finding help e.g. assistants, staff): https://upwork.pxf.io/q4WYNb American Express Blue Business Cash (bonus and 0% APR 12 months) -https://americanexpress.com/en-us/referral/bluebusinessplus-credit-card?ref=LYDIAPuZmJ&XL=MIANS Chase Ink Unlimited (cash bonus of $900, 0% APR 12 months) - https://www.referyourchasecard.com/21w/JVCCM3NDR9 Aura (privacy/data removal): https://aura.com/lydiapatel Clickup: https://tryclickup.co/lydiapatel Modern furniture (including the bookshelf behind me): https://bludot.pxf.io/3JXPKv Business inquiries: hello@lydiapatel.com IG: I'm @ lydiapatelll Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income helps me keep the resources free for a greater number of people. :-) Everything I recommend have been fully tested by me. Thank you everyone for your generous support! Also- everything here is based on my own experience and knowledge. I am not a licensed tax or legal or financial person. I care deeply about being honest and transparent, and try my absolute best to give you everything I know, but I can't imagine every viewer's situation and ensure what I say applies to your circumstances. When in doubt, always seek professional advice! (Or at least, leave a comment and get some clarification!) #RealEstateInvesting #baselane #bankingwithbaselane