Eric Chen says the Airbnb market is worth $8.4 billion a year and growing, and you might as well break yourself off a little something.
You can do this with no money, no properties, and no real estate experience.
You can earn hundreds of thousands of dollars working part time from anywhere in the world.
Airbnb arbitrage makes it all possible.
Or does it? Isn’t Eric a little late to the game? You’re about to find out.
Read on for STR Breakthrough reviews.
Here’s how Eric does rental arbitrage:
- Find a profitable property in your selected area.
- Rent the property out from the landlord with permission to sublet.
- Furnish the place using business credit cards.
- List it on Airbnb.
- Repeat.
Every time a guest checks in, you get paid.
The goal is to make at least $2,000 profit, per unit, per month. Reinvest to scale up.
That’s what Eric’s top students have done. They’re now making $20,000 to $30,000 per month.
It’s a high cash flow business. No doubt.
But how do you get a landlord to agree to this?
If they wanted to earn extra money by treating their property like a porta potty, with a constant stream of people leaving it worse for wear, wouldn’t they just list it on Airbnb themselves?
Not when Eric sells them on the following:
- Stability. “I’ll rent this for a really long time and you’ll never have to worry about me being late on rent,” he tells ’em.
- Relationship. “Call or text me anytime,” he’ll tell ’em. “And I’m gonna take care of your place like it’s my own. After all, my short-term rental business depends on it.”
- Property management. “Think of me as your property manager only I’m not charging you a fee,” he tells ’em.
With the right strategy and objection handling, these landlords will comply, Eric promises.
Once you get your first unit, Eric will show you where to get the best quality furniture without breaking the bank.
He’ll show ya how to get approved for $80- to $100k in 0% APR credit cards for the first 12+ months. This should be enough to get 4-5 units up and running.
Here’s the path to $10,000 per month then:
- Research the market, negotiate rent, and pitch the landlord.
- Furniture acquisition and pricing strategy.
- Rinse and repeat on the next unit leveraging profit from the first unit.
Now let’s talk expectations.
You’ll need to network.
With real estate agents, with other Airbnb hosts, there’s for-lease-by-landlord Facebook Groups.
You’ll hafta get good at sales.
A mentor can vastly speed up your learning curve.
And it’s more than just using the right script. It’s about high level communication skills and empathy.
Study, role play, call, pitch, bomb, improve, and keep going. It’s the only way.
You’ll wanna become a top performer.
To make top 1% income, ya gotta be a top 1% person. Build and develop discipline. Have a routine. Follow a roadmap with clear action steps.
And it wouldn’t hurt to find an accountability partner who sees right through your smoke and mirrors.
Okay, now what?
Truth is, you can do this by yourself, Eric admits. But why would you?
If you wanted to be a boxer, sure, you could learn to punch for free on YouTube, but you might save some brain cells by hiring a trainer on day one.
Want Eric to be your Cus D’Amato? STR Breakthrough, your gym?
Gladly, but Eric only takes on a handful of new mentees per month. Book a call to discuss cost and any concerns you might have.
He won me over but Airbnb sounds like going to the DMV.
I prefer money without leaving the house.