Airbnb? I thought the mortician was pumping its graying corpse full of embalming fluid as we speak. No?
Nope. Airbnb is alive and well, according to Shaun Ghavami and Ari Rahmanian.
They’re the co-founders of Iconic Retreats, an Airbnb and Vrbo management company based out of Vancouver.
They also run 10xBNB, a mentoring program that teaches you their co-listing strategy.
They look like they’d greet you with a kiss on both cheeks before sending you to meet Vinnie on the corner to pick up an unmarked package and drop it by the deli later.
They’re tight with Abdul Samad, co-founder of the SMMA course Modern Millionaires, which has an F rating and 75 BBB complaints.
Abdul and his business partner Chance Welton allegedly charged students up to $15,000 before ghosting them.
Abdul then launched Lions Digital Studios to scale other e-learning businesses with a vertically integrated team.
My guess? He’s got equity in 10xBNB.
If so, who’s to say 10xBNB students won’t suffer the same fate?
But let’s start from the beginning.
10xBNB shows you how to make money on Airbnb without:
- Owning any property
- Renting any property
- Buying any furniture
- Or spending any money
Sounds almost too perfect. Like the time I tried to buy a purebred Golden Retriever online, but ended up with a mangy mutt that looked like its spirit was broken.
Shaun swears this is not BS though. Airbnb co-listing makes this dream scenario possible.
It’s where you manage other people’s Airbnb properties in exchange for a cut of the earnings.
Typically, 20-25% of the money generated, he explains.
Shaun has the vibe of a guy selling gold necklaces out of the trunk of a Buick Skylark behind a boarded-up Hardee’s.
He anticipates your next question: Why don’t landlords just do this themselves?
Imagine you’re a property owner.
If he told you he could double or triple your long-term rental rate, net of his commission, and handle all the work, what would you say?
Per Shaun, almost everyone he’s ever pitched has said yes to that exact question.
Shaun could probably grab my Starbucks drink from the mobile pickup counter and charge me again just to hand it over.
Shaun and Ari recommend targeting properties that have sat vacant for at least 20 days.
This way, you’re solving a real pain point for landlords.
You’re filling their beds with lumpy bags of meat hooked up to CPAP machines, all for hundreds of dollars a night.
And it’s entirely passive for them, which is key.
They don’t have time to:
- Carve out a niche in their market.
- Monkey with SEO to get their listing to the top on Airbnb.
- Constantly adjust pricing based on competition and seasonality.
- Calculate the minimum stay for the optimum booking window.
- Assess price pacing.
- Fully automate operations to avoid checking in guests, cleaning, and fielding endless emails, texts, and calls.
Doing Airbnb right takes expertise and effort – and these landlords would rather get repeatedly slapped in the face with a stranger’s dildo than deal with all that.
And that’s why 10xBNB reviews are trickling in, gloating about their wins, Shaun says.
Guys like Jonathan, who landed four properties and grew them to $50,000 per month in Airbnb bookings in just three months.
Here’s what you get if you join 10xBNB Mastermind:
- An online course breaking down their Airbnb co-listing system.
- Additional training on flipping beds via rental arbitrage.
- Access to a private Facebook community with over 1,700 members worldwide.
- Weekly coaching calls.
- Scripts, contracts, software, and tools.
How much does 10xBNB cost? Anywhere from $7,000 to $30,000, depending on the level of hand-holding.
Yeouch.
On that note, I’m off to hover-play YouTube videos and read the captions instead of committing to actually watching them.