Steven Billman went from military to millionaire by doing rental arbitrage on Airbnb.
Now he has a mustache and whips donies in a Lambo.
I’m not saying Steven’s a legend, but I’m not not saying it, either.
Steven currently has 17 Airbnb units that collectively bring in $3,895 per day.
Go back a bit, though. It wasn’t always seven figgies and chicken tendies.
After he left the Navy, Steven was sleeping in the back of his truck. He tried day trading, crypto, affiliate marketing, and drop shipping, all to no avail.
Then he attended a real estate seminar and discovered rental arbitrage.
That’s where you rent a property from a landlord, and then, with their permission:
- Furnish it.
- Get photos taken.
- List it on platforms like Airbnb, Vrbo, and Bookings.com.
- Or even rent it out to insurance companies, traveling nurses, and people relocating while their house is getting fixed.
You hope to make more than what you’re paying in rent, and keep the difference. That’s the idea.
An idea Steven became obsessed with.
Four years later, he had kicked down the door to become a millionaire.
And so can you.
Step #1, he says, is to use a tool called AirDNA to pick a winning market.
Yes, you can do this remotely. All of Steven’s properties are in different cities.
Once you’ve done that?
Step #2 is to find a property and close.
Steven glosses right over how to do that, stating only that, with his pitch, landlords prefer to work with him over traditional long term tenants.
Right, gotcha. So then what?
Step #3 is to model the competition.
Find an STR in that area that’s already killing it, and mimic what they’re doing.
Especially from a design and marketing standpoint.
From there?
Step #4 is to automate as much as you can.
Cleaning, laundry, check-ins and check-outs, communicating with guests, dynamic pricing, managing reviews, etc.
And then?
Step #5 is to rinse and repeat.
Run that back, Turbo!
And there you have it – Steven’s approach to Airbnb arbitrage.
But there’s a lot he left out.
Like what? Oh, I dunno, you still have to:
- Establish an LLC and open up a business checking account.
- Get a business phone number, email address, and mailing address.
- Set up a corporate-looking website.
- List your LLC on Google, Yelp, Bing, etc.
- Apply for business credit cards.
- Buy all sorts of different software and tools.
- Hire a virtual assistant, a handyman, cleaners, plus or minus an accountant – oh, and a lawyer probably wouldn’t hurt.
- Create standard operating procedures.
- Manage everyone and everything.
And that’s just off the top of my head, from what little I know about STR arbitrage.
It goes without saying but there’s no way I’d ever do this.
I can hardly peel myself off the couch and waddle to the kitchen to throw a frozen pizza in the oven.
I’m more of a napper than an entrepreneur.
But mad respect if you’re up for the challenge.
If so, Steven sells a 6-Figure Rental Arbitrage Program for a one-time fee of just $27.
Here’s what you’ll get:
- The entire BNB Syndicate Launch System featuring eight modules of in-depth training so you can start securing properties right away.
- The Novice-to-Pro Accelerator that breaks down Steven’s acquisition and automation system that made him over $1 million last year alone.
- Plus private access to the BNB Syndicate Facebook community where you’ll receive accountability and support and can connect and partner with other Airbnb arbitragers.
Steven’s after more than your spare change with this $27 offer though. Prepare for the upsell onslaught.
Or tap below for something more laid-back.