Thanks to the quantum leap in information sharing made possible by the internet, the sharing economy has sprung up. First with Priceline.com for airline seats, but now with AirBnB for individual rooms, apartments, and houses.
You may have though this was a “neat” way for property owners to make a bit more money on vacant units and spare rooms, but it is much more than that.
Image Credit: Airbnb.com
If you have been in the house flipping business, buying houses “subject-to” and selling on lease-option, AirBnB has made it possible for you to remove 99% of the hassle and magnify the cashflow.
Brian Page has shown how to create a virtual real estate cashflow business that can get into the six figure range inside a year, using AirBnB to fill other people’s properties.
"After personally experiencing the spectacular real estate crash of the mid 2000’s, Brian Page set out to find a NEW way to earn income from real estate. Starting over, he launched a profitable Airbnb business without debt, mortgages, or even owning his own properties. He earned over six figures in his first six months using Airbnb™ and over $300k his first year."
AirBnB is, to say the least a disruptive technology. And it is the hotel industry being disrupted here. But as Clayton Christensen showed in the Innovators Dilemma, it is when industry incumbents become so successful they start serving their own interests over the interests of their customers, either by complacency or the evolution of their industry, disruption of the industry is ripe to happen.
Image credit: Realestateinvestingmastery.com
Think Blockbuster Video (and their late fees) being disrupted by Netflix. More choice, more convenience, less cost.
The same is happening with the hotel industry and AirBnB. There is incredible over capacity with vacant units and spare rooms, and individual owners have the flexibility to make arrangements with occupants on a “makes sense”, win/win basis, often bypassing stringent rules and procedures hotels insist on, at a lower price.
Dollar for dollar, the value received for the renter of living in someone’s home for a short period beats the hotel experience 9 time out of 10.
Plus, the economics of renting by the day rather than by the month put monthly cashflow through the roof.
All of the marketing, negotiating, creative financing and business management chops you acquired and a real estate entrepreneur can now be put into and AirBnB rental business to create a highly automated, low risk, cashflow business.
See More Here: Real Estate Cashflow Without The Real Estate
No comments:
Post a Comment