How to make 6 figures using Airbnb without owning property from Udemy

My name is David Odigie and im a 24 year old entrepreneur i started my rental arbitrage journey in august of 2021 with just $5,000 and in one year i've done over $250,000. Airbnb arbitrage is one of the best business models out there. Why? It takes very little upfront cost and you can scale very quickly. In this course, i will show you step by step how i was able to start, my exact methods for researching properties, pitching landlords, scaling, and automating. I run my business from halfway around the world and work less than 2 hours in a single month. Crazy right? Yeah it is. In this 3 hour comprehensive masterclass, you will receive all the tools and knowledge i didnt have starting out. I made over $50,000 worth of mistakes, but you don't have to. By the time you finish this course you will be an absolute expert in everything that concerns rental arbitrage. That is my promise to you. Come with me on the first step on your path to financial freedom.

What you'll learn:

1. Learn how to build and scale a fully automated 6 figure airbnb business

2. Learn how to pitch landlords and get them to agree to let you put their property on Airbnb.

3. Learn how to save thousands on upfront costs by my unique approach to furnishing.

4. Learn how to research properties and areas that are profitable.

5. Learn how to handle reservations, guest, and issues.

6. Learn the necessary steps you must take in order to become a superhost

7. Learn the legal aspects of rental arbitrage and how to incorporate your business and leverage business credit

8. Learn how to get started with no money down and the potential profit of rental arbitrage.

What's inside

Learning objectives

Learn what airbnb arbitrage is
How to research proprties
How to pitch landlords
How to optimize your listing
Legal aspects of airbnb arbitrage
How to save thousands on upfront investment cost

How to get started with no money
How much profit you can make on airbnb
What to do when you secure a property
How to become a superhost
Why airbnb arbitrage is better than owning a home

Learn what airbnb arbitrage is
How to research proprties
How to pitch landlords
How to optimize your listing
Legal aspects of airbnb arbitrage
How to save thousands on upfront investment cost
How to get started with no money
How much profit you can make on airbnb
What to do when you secure a property
How to become a superhost
Why airbnb arbitrage is better than owning a home

Syllabus

In this section i will introduce what airbnb arbitrage is, what the benefits are, potential profitability, why its better than owning a home and a different approach to airbnb arbitrage

What is airbnb arbitrage?

Introduction

Benefits of this business mode

What kind of business are you running?

Legalities

Incorporating

Potential Profitability

This section will succinctly break down how to research for a good property, how to pitch landlords, what to say, how to sign the lease and ultimately how to secure your first property.

Module 2 Intro

THE TRUTH

Research

How to pitch landlords

Overcoming landlord objections

Different approaches

Speaking directly to landlords

Closing the deal

The crucial steps you need to take in order to maximize efficiency once your property has been secured.

Module 3 Intro

Hiring a photographer

Hiring a handy man

Renting furniture

Mistakes to Avoid

Shopping List

Lockboxes

How to optimize your listing

Module 4 Intro

Titles/Descriptions

Titles/Descriptions (continued)

House Rules

Calendar Settings

Auto Pricing

Instant book V Request to book

Cancellation Policy

How to start with Little/No Money

Module 5 Intro

Starting with little/No money

Contracts with Investors

How to handle guests, how to deal with airbnb resolutions, and how to achieve the almighty superhost status

Module 6 Intro

Prescreening Guests

Responding to guests

Issues with guests

Airbnb Resolutions

Superhost Status

Conclusion

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Breaks down the process of Airbnb rental arbitrage, which can be a lucrative business model for those seeking to generate income through property rentals without needing to own property

Covers legal aspects of Airbnb arbitrage and business incorporation, which is essential for establishing a legitimate and sustainable rental arbitrage business

Details how to optimize listings, which is crucial for attracting guests and maximizing revenue in the competitive short-term rental market

Explores strategies for starting with little to no money, which may be useful for individuals with limited capital seeking to enter the Airbnb rental arbitrage market

Discusses how to handle guests and resolve issues, which is important for maintaining positive guest experiences and achieving Superhost status

Requires learners to engage with landlords and sign leases, which may present a barrier to entry for some individuals depending on their negotiation skills and local rental market conditions

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in How to make 6 figures using Airbnb without owning property with these activities:

Review 'Airbnb for Dummies'

Show steps

Gain a foundational understanding of the Airbnb platform and hosting best practices.

View Putting Knowledge to Work on Amazon

Show steps

Take notes on key concepts and strategies.
Read the book cover to cover.
Identify areas where the book's advice aligns with or differs from the course's teachings.

Review Basic Real Estate Concepts

Show steps

Solidify your understanding of real estate fundamentals to better grasp the nuances of rental arbitrage.

Show steps

Review online resources on real estate basics.
Focus on leasing agreements and landlord-tenant laws.
Take a short online quiz to test your knowledge.

Research Potential Airbnb Locations

Show steps

Apply the course's research methods to identify promising locations for rental arbitrage.

Show steps

Identify three potential cities or neighborhoods.
Analyze Airbnb data for each location.
Assess the local regulations and legal landscape.
Estimate potential profitability based on occupancy rates and average daily rates.

Four other activities

Expand to see all activities and additional details

Show all seven activities

Practice Pitching Landlords

Show steps

Refine your landlord pitching skills through role-playing and scenario practice.

Show steps

Write a script for pitching landlords.
Role-play with a friend or family member.
Record yourself and analyze your performance.
Refine your script and practice again.

Create a Furnishing Budget Spreadsheet

Show steps

Apply the course's cost-saving strategies to create a detailed furnishing budget for a hypothetical property.

Show steps

Create a list of essential furniture and decor items.
Research prices from various sources.
Identify opportunities to save money.
Create a spreadsheet with estimated costs.

Review 'Start Your Own Airbnb Business'

Show steps

Gain a deeper understanding of the Airbnb business model and explore different strategies for success.

View Start Your Own Airbnb Business on Amazon

Show steps

Read the book cover to cover.
Take notes on key concepts and strategies.
Compare the book's advice with the course's teachings.

Develop a Superhost Action Plan

Show steps

Create a detailed plan to achieve Superhost status on Airbnb.

Show steps

Review Airbnb's Superhost requirements.
Identify areas where you need to improve.
Develop specific actions to meet each requirement.
Track your progress and make adjustments as needed.

Career center

Learners who complete How to make 6 figures using Airbnb without owning property will develop knowledge and skills that may be useful to these careers:

Real Estate Entrepreneur

A real estate entrepreneur identifies opportunities to profit from properties, often through innovative business models. This course directly aligns with an entrepreneur seeking to leverage the rental arbitrage model using Airbnb. You will learn how to research profitable locations, pitch landlords effectively, and manage properties efficiently, all while building a scalable business. The course provides a step by step approach to building a rental arbitrage business without owning property, which directly relates to the real estate entrepreneur's goal of maximizing returns using different strategies.

See salaries and explore the career path for Real Estate Entrepreneur

Short Term Rental Manager

A short term rental manager oversees the day to day operations of properties listed on platforms such as Airbnb. This course directly prepares you to manage your own short term rental arbitrage business, by showing you how to optimize listings, handle guest communications and resolutions, and achieve superhost status. The course emphasizes strategies for automating many of these tasks, freeing up your time while maximizing potential for profitability. It's especially valuable for someone wanting to launch and scale their own short term rental business.

See salaries and explore the career path for Short Term Rental Manager

Airbnb Host

An Airbnb host manages their own property on Airbnb, creating listings, communicating with guests, and handling reservations. While this course teaches how to do this with leased properties, the core skills taught here such as creating optimized listings, handling guest communications, resolving issues, and achieving superhost status are very useful to any Airbnb host. The expertise gained from this course will be immediately applicable to starting and managing an Airbnb listing, even if you own the property. This experience may also improve a host's performance.

See salaries and explore the career path for Airbnb Host

Property Manager

A property manager is responsible for the upkeep, maintenance, and business aspects of rental properties. While this course focuses on Airbnb arbitrage rather than traditional property management, the skills learned here, such as researching profitable properties, negotiating leases with landlords, handling guest issues, and optimizing listings, are applicable to managing a portfolio of properties. If you're looking to expand your skillset, this course will be a great addition to traditional property management training.

See salaries and explore the career path for Property Manager

Small Business Owner

A small business owner manages all aspects of their own business, from operations to finance. This course directly prepares individuals to launch and operate their own business. By teaching the fundamentals of rental arbitrage, including property research, landlord negotiations, property management, and scaling operations, this course can serve as a hands-on guide to starting a successful business. The knowledge of automation and scaling is particularly relevant for a small business owner looking for efficient growth strategies, and why this course may be helpful.

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Business Consultant

A business consultant provides expert advice to organizations to improve their performance, efficiency, and overall success. This course, which covers how to build and scale an Airbnb business, can help a consultant gain insights into a specific, high-growth business model. The process of researching properties, approaching landlords, optimizing listings, and automating operations that you learn here provides practical knowledge that a consultant can use to advise clients in the rental space or in other small business ventures. This course is most useful for those seeking to establish a new area of expertise.

See salaries and explore the career path for Business Consultant

Hospitality Consultant

A hospitality consultant advises businesses in the hospitality industry on how to improve their services and operations. This course's focus on short-term rental management through Airbnb offers a focused and detailed understanding of a specific niche within hospitality. The course’s modules on optimizing listings, handling guest issues, and achieving superhost status directly relate to successful hospitality management and can help a consultant provide specific and actionable advice to clients in the short term rental sector. The detailed focus on this niche makes this course particularly helpful.

See salaries and explore the career path for Hospitality Consultant

Leasing Agent

A leasing agent is responsible for finding and securing tenants for rental properties. This course can provide supplemental knowledge that enhances a leasing agent's approach. Specifically, learning how to pitch landlords on the concept of Airbnb arbitrage, and how to research profitable properties can give a leasing agent a unique perspective and additional tools for marketing properties and negotiating lease agreements. This course may be useful to a leasing agent looking to expand their skill set and business acumen.

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Real Estate Agent

A real estate agent helps clients buy, sell, or rent properties. While this course focuses on rental arbitrage and not traditional real estate transactions, the skills in researching properties, identifying profitable opportunities and understanding market dynamics can be beneficial to a real estate agent. Learning about alternative investment strategies and rental income can help you better guide clients who are considering investment properties. The understanding of the rental market from this course may be a valuable asset to your real estate practice.

See salaries and explore the career path for Real Estate Agent

Operations Manager

An operations manager oversees the daily activities of a business, ensuring efficiency and effectiveness. The content of this course, which includes automating your rental business, managing reservations, and resolving issues, can help an operations manager gain useful knowledge. The course also covers how to optimize listing and scale your business, which can help refine your ability to manage operations. This course may be particularly useful for operations managers looking to better understand how to scale and automate systems in a small business.

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Financial Planner

A financial planner provides guidance to individuals on how to manage their finances and achieve their financial goals. This course could complement financial planning by giving real world insight into a specific type of investment. While the course focuses on a specific business model, learning about rental arbitrage and its potential profitability could be beneficial, allowing a financial planner to offer advice to clients who are interested in investing in alternative income streams such as those taught in this course. This course may be useful as it offers a new perspective.

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E-commerce Business Owner

An e-commerce business owner manages an online business, selling products or services through the internet. While this course focuses on Airbnb rental arbitrage rather than e-commerce, the general business concepts taught here like scaling, automation and business operations are relevant. The understanding gained from this course on how to build and scale a business, even in a different sector, may be beneficial to an e-commerce business owner who seeks to expand their skills in business management and growth. This course may improve business management understanding.

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Business Development Manager

A business development manager is responsible for identifying new growth opportunities and partnerships. This course delivers specialized knowledge on a potentially high-growth business model. A business development manager may use the insights from this course to seek opportunities in the rental arbitrage sector, or apply the understanding of scaling and automation to other business ventures. This course may be useful if a business development manager is seeking new areas for growth within their company.

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Operations Analyst

An operations analyst evaluates business processes and recommends improvements to increase efficiency. This course may be useful, as it offers a detailed look into the operations of a specific business model (Airbnb rental arbitrage). You will learn about scaling strategies and operational automation, which can enhance your ability to analyze efficiency in other businesses. Additionally, techniques for researching properties, optimizing listings, and handling guest issues can provide a practical view of the business. This course may improve your insight.

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Digital Marketing Specialist

A digital marketing specialist is responsible for creating and implementing online marketing strategies for businesses. This course can give you practical experience creating and optimizing listings for an online platform. The course covers how to create appealing property descriptions and how to optimize your listing to attract more guests. As a digital marketing specialist, these skills can be directly applicable to optimizing online listings and improving conversion rates across any platform. This course may broaden one's understanding.

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How to make 6 figures using Airbnb without owning property

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