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8 Steps I Took To Start My Airbnb Business (easy)



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what is going on YouTube in today's

video I'm sharing with you eight steps

that I took to start my Airbnb business

these eight steps can be implemented

into anyone's life and their actual

steps anybody could act on them I'm

sharing them through my experience you

guys want the details you guys want to

know exactly how to get from point A to

point B and that's why I'm gonna share

them with you there's a simple steps

each one of them I went through myself

and you guys can take action on these

steps what is going on guys my name is

Robert for those of you who don't know

me I'm a run to arbitrage house from

Springfield Missouri

tiny town here in the Midwest and I

shared my experience with my Airbnb

business on YouTube I've made plenty of

videos going over anything you can think

of regarding the business model I'm not

even kidding you guys can go find my

startup costs my net profit on a monthly

basis all the all the details are there

so you guys are more than welcome to go

check those out and if you guys want to

find out more in depth information be

sure to check out my facebook group

Airbnb mastery throw in to arbitrage you

just go search on Facebook and I'll

gladly accept your invitation so let's

say that you just have this brilliant

idea that's the kind of like the first

step that led me into taking action was

having the idea hearing that it worked

for other people seeing that I work for

other people having that conviction that

the Airbnb business model is effective

once you have that the next step for you

is to find out what your target market

is what its gonna cost you how long will

it take you to recoup your profits or

make your money back how long will it

take you to break-even the work so have

all that under consideration I wouldn't

necessarily say go write a 2-page

business plan just have an idea of what

the business model is gonna look like in

your situation and structure that

appropriately for whatever market you're

in once you've done that the next step

and a very wise step would be to go

create a legal entity now this is not

necessary I had a subscriber comment

before I said that you don't need an LLC

which in all honesty you do not need one

but it is highly recommended simply

because you're protecting yourself from

the guests from the people you have

coming into your home those are very

wise to set up a legal entity and that

way that legal entity will give you

access to a business bank account to a

business profile which is essentially

what you want to build you want to build

that right from the start so go create

an LLC or some legal entity of some sort

and once you've done that you are now

ready to move on to the next step and

that is register for taxes you have to

file for a ein number so once you have

your business LLC or whatever like once

you've created that entity you're able

to register it with the IRS and you're

able to create an employer

identification number or an EIN number

this is all stuff that I've done and I

did it on my own I took me probably two

hours to figure all this stuff out so

for those of you guys are out there

paying thousands of dollars to get this

stuff set up you guys are doing it wrong

and I teach you exactly how to do that

in my course and I've made a section I

think that is the selling point for my

course right there because I walk you

through setting up your legal entity

setting up your LLC and your EIN number

all that stuff I walk you through that

in my course and I know that people pay

thousands of dollars to go get this

stuff set up which is ridiculous in my

mind I spent $50 in the state of

Missouri to create my legal entity might

accidentally over all that so that is

all that there is to it for those of you

guys who are spending thousands of

dollars spending too much money please

do me a favor and do your own research

figure out how to do it on your own

you're saving yourself a lot of time and

energy and I'm just being Frank with you

guys I'm being honest with you guys I

personally know of a case where a kid

pulled out a personal loan of 10 grand

and spent forty five hundred dollars

just to make an LLC and this really you

know it really ticks me off it oh my god

I can't I can't imagine someone would do

that so guys be very careful don't fall

into a scam artist trap don't listen to

what other people are saying you know do

your own research that's what it comes

down to don't even listen to me

go do your own research figure it out on

your own so once you have your employer

identification of your EIN number you

can now go to a bank and you can hand

them this information and you can open

up a business bank account now having a

business bank account has its benefits

it keeps a very detailed account of your

expenses and you could track everything

very easily I highly recommend you don't

mix your personal and business bank

accounts that just causes confusion when

it comes time for tax season so guys do

me a favor go make yourself a business

bank account

this is step four by the way and these

four steps that I've shared you're

already halfway there as far as getting

started there's no reason why you

shouldn't be able to start today so you

go to the bank they give you your

business bank account and most likely

there's gonna be some kind of monthly

charge they're gonna charge you a

service fee and depending on the bank

it could be cheap it could be like a

little on the higher end I'm spending

$10 a month to keep my business man

count open here in Springfield Missouri

super cheap I think it's on the lower

end of bank accounts I know some bank

accounts charge like 30 or 40 a month

regardless you want to keep track of

those expenses and that's the easiest

way to do it so step 6

kind of should be step one but a lot of

people don't know how to deal with this

stuff and a lot of people run away when

they hear this so guys step six is

honestly get your listing get the

property permitted get the proper

licensing that it is required for Airbnb

and short-term rentals without these

permits without the legal regulated side

of Airbnb you're probably going to face

heavy fines I'm talking twenty grand you

know $1000 day fines $20,000 day fines

who knows I've heard of very extreme

instances where people are getting fined

for not having their permits for the

short-term rentals so guys go to City

Hall go speak to whoever sitting there

at the building and development desk and

ask them what is required for me to

operational tremendo for the zone for

the zip code and they'll be more than

happy to show that information with you

that's their job

they're paid government employees

they're sitting there waiting for you to

come by and ask them and simply go there

tell them I have this property at this

address I want to know what it will take

for me to have this license for

short-term rentals so once you're

regulated that's half the battle right

there I'm actually going to pick up my

permit for my listing today for all of

you guys who have been waiting and

keeping up with my story I'm finally

picking up my permit for the short term

rental that I currently have here in

Springfield today I'll share more of

that experience in another video getting

your permits and proper licensing is

such an important step make sure you do

that the next step for you is to go get

business insurance this is step 7 this

is important because you're gonna end up

having employees maybe you want to hire

cleaners in the future go ahead and do

the research go ahead and look into the

business insurance aspect of everything

and once again if you're doing rental

arbitrage you might need to get renters

insurance and this is probably required

I want to say that the Airbnb hosts

guarantee is not insurance

I mean they make it seem like that they

sell that like as you know walked in 1

million hours of coverage but what you

actually need to do is go get proper

insurance they don't cover a lot of

little things that you'd probably expect

them to they structure that 1 million

dollar guarantee in a way to where it's

very difficult to get your stuff covered

if if it does go missing or if it goes

damaged so be sure to do your research

once again the next step for you is to

have an action plan so take action on

these eight things and I guarantee

you'll have a listing before you know it

now

I didn't really go into details on how

to pitch the landlord and go to details

on how to acquire the listing I'm

assuming no you've already done that and

you've done the market analysis all that

stuff so from step one to step eight any

of you guys watching this right now

could take action so taking action has

been a thing I've battled with in the

past and I've learned and I want you

guys to take note of this I've learned

that the best time to act is now don't

wait till tomorrow don't wait till the

next day there's no such thing as

perfect timing the perfect time is now

and guys I mean that I'm with all my

heart if any of you guys watching this

these are eight brief and actionable

steps I'm sharing with you guys today I

know I didn't really go in-depth on them

I just think that they're very valuable

pieces of information and if you want to

just write them down one through eight

you already know what you have to do

i'ma try math today because of the

action I took and without that guys who

knows where I would be I'd probably

still be stuck at my job or I'd be

scrambling to find a way to make ends

meet for myself thank you so much for

watching this video be sure to smash

that like button and subscribe to my

channel I post airbnb and Red Frog trans

related videos investing videos I do

talk about stash invest my stash that

just hit 15k and I'm making an update

video soon so for all my Airbnb audience

expect the stash video soon one of my

subscribers requested that I make an

update video I think that's just proper

so I think you guys will find a lot of

value in my channel and I would

appreciate it if you would hit that

subscribe button and share this with

anybody that you think could use

information with that being said guys I

hope you all have a great day and I will

see you guys all in the next one for any

of you guys who want to learn more in

detail on how to get started Airbnb I

put together this course which will

constantly be updated with information

for a one-time payment you are getting a

source of information that is going to

be forever updated I myself have

personally spent up to $600 for a summer

school class at a college and haven't

even gotten the credit for it so like I

think education is shifting guys and I

definitely think you guys should

consider something like this if you

don't want to sift through tons of

information online trying to piece

together ways to build your business and

build your empire so I'm gonna go

through the some of the curriculum real

quick guys I go through a step-by-step

process and I talk about mostly

everything you don't need to get started

right like most of you guys have all

these questions regarding the business

model well guys what I have put together

here is all that information and access

to myself once you are enrolled in this

course you are my priority that is

something that I wanna make very clear

from the start there's something that I

look at is the long term development

with you guys and building a

relationship with you guys so make sure

that you guys have success with your

listing and I'm gonna be there for you

guys

and I'll have a more personal connection

to you once you join once again I

mentioned at the end of this video that

I give you guys the process of starting

and setting up your legal entity and

that alone guys is worth the price of

the course because you're paying

LegalZoom $300 up to 400 hours depending

on the state you're in you're paying

someone for the service of setting up

your entity and I like I said before I

know somebody who has just dropped 4500

bucks for an LLC and I show you how to

do it the cheapest way possible I think

that right there is a lot of value

another thing that I think is really in

high demand is the lease agreement that

I have with the landlord I share this

with you guys

Graham Stefan SiC I'm not gonna get Tom

comment Graham's vid because I'm

currently filming oh well but yeah guys

I definitely think I should check this

out I give you tons of information and

I'm adding information to it as you know

as we say here I'm currently working on

a bunch of curriculum to add to it to

make sure that is valuable once again

guys if you want to just take action

today you'll have complete access to me

just consider like a one-on-one

mentorship

I'll be able to answer questions for you

guys in detail and in depth

maybe even schedule a few phone calls so

guys I recommend you check it out and

I'll see you guys there

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