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AirBnB Covid Bonanza with James Svetec & Riley Oikle

14:53
 
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Archiwalne serie ("Kanał nieaktywny" status)

When? This feed was archived on December 08, 2022 17:39 (1+ y ago). Last successful fetch was on November 04, 2022 13:05 (1+ y ago)

Why? Kanał nieaktywny status. Nasze serwery nie otrzymały odpowiedzi od kanału przez zbyt długi czas.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 305182581 series 2466103
Treść dostarczona przez Dave Dubeau. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Dave Dubeau lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

James Svetec is an Airbnb expert and investor, Co-Author of Airbnb for Dummies.

Riley Oickle is a Real Estate Investing Expert who manages a portfolio of over 70 doors across Southwestern Ontario.

In this episode, James and Riley talk about how their Airbnb properties are doing exceptionally well despite COVID. They share how they pivoted their strategies to keep their properties cash flowing and continue to build projects catered to the market's demands at this time and even well beyond COVID.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

  • Find out an investment strategy for Airbnb properties that can accommodate various market segments for more positive cash flow
  • Discover what amenities to add to your Airbnb properties that have high demand in the market
  • Learn how to make your Airbnb properties cash flowing even during a down season such as this pandemic

Resources/Links:

Topics Covered:

  • 01:06 - How Airbnb are doing pretty well despite COVID
  • 02:16 - The adaptation Airbnb has to do during this pandemic
  • 04:33 - Getting projects amid the pandemic
  • 06:02 - Providing amenities for Airbnb properties renters are looking out for
  • 07:32 - Renovating distressed properties into Airbnb rental single-family unit
  • 09:41 - Long-term and short-term rental rates for single-family unit properties
  • 11:16 - How rural properties are maintained
  • 12:28 - Know what you're doing when running your numbers

Key Takeaways:

"I'd say with Airbnb, in general, the major shift is that if you're in a downtown core location that relies a lot on international travelers coming in, get your place booked up, then you're finding you have to pivot your strategy." - James Svetec

"Any area within two to three hours drive of a populous downtown urban center, you see huge spikes in the numbers there. Inventory is getting completely booked up. So you can charge some pretty hefty rates compared to what you normally would, and you're going to see really, really high occupancy rates even through the winter." -James Svetec

"I always tell people like when you're investing in short term rental, a lot of people's concern is that there's a lot of volatility in the market. And the truth is, it's not unpredictable; it's highly predictable. And you can look at data to figure out exactly how well a property is going to perform. You just need to know what you're doing when you're running those numbers. And then you always want to have backups and contingencies in place." - James Svetec

"It's important to number one, just run the numbers conservatively and know what your worst-case scenario is. But then also just have different backups in place so that you're never left with the property that's not going to be cash-flow positive." - James Svetec

"I think what it really comes down to for a lot of people that are on Airbnb is looking for certain amenities, certain features. And especially right now, people in these urban centers wanted to get out of the city. But sometimes they're actually looking to go to the city to work still and maintain the same standard of living that they were in beforehand." - Riley Oickle

Connect with James Svetec and Riley Oickle:

Connect with Dave Dubeau:

Enjoyed the Podcast?

Please subscribe on iTunes for updates

  continue reading

364 odcinków

Artwork
iconUdostępnij
 

Archiwalne serie ("Kanał nieaktywny" status)

When? This feed was archived on December 08, 2022 17:39 (1+ y ago). Last successful fetch was on November 04, 2022 13:05 (1+ y ago)

Why? Kanał nieaktywny status. Nasze serwery nie otrzymały odpowiedzi od kanału przez zbyt długi czas.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 305182581 series 2466103
Treść dostarczona przez Dave Dubeau. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Dave Dubeau lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

James Svetec is an Airbnb expert and investor, Co-Author of Airbnb for Dummies.

Riley Oickle is a Real Estate Investing Expert who manages a portfolio of over 70 doors across Southwestern Ontario.

In this episode, James and Riley talk about how their Airbnb properties are doing exceptionally well despite COVID. They share how they pivoted their strategies to keep their properties cash flowing and continue to build projects catered to the market's demands at this time and even well beyond COVID.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode:

  • Find out an investment strategy for Airbnb properties that can accommodate various market segments for more positive cash flow
  • Discover what amenities to add to your Airbnb properties that have high demand in the market
  • Learn how to make your Airbnb properties cash flowing even during a down season such as this pandemic

Resources/Links:

Topics Covered:

  • 01:06 - How Airbnb are doing pretty well despite COVID
  • 02:16 - The adaptation Airbnb has to do during this pandemic
  • 04:33 - Getting projects amid the pandemic
  • 06:02 - Providing amenities for Airbnb properties renters are looking out for
  • 07:32 - Renovating distressed properties into Airbnb rental single-family unit
  • 09:41 - Long-term and short-term rental rates for single-family unit properties
  • 11:16 - How rural properties are maintained
  • 12:28 - Know what you're doing when running your numbers

Key Takeaways:

"I'd say with Airbnb, in general, the major shift is that if you're in a downtown core location that relies a lot on international travelers coming in, get your place booked up, then you're finding you have to pivot your strategy." - James Svetec

"Any area within two to three hours drive of a populous downtown urban center, you see huge spikes in the numbers there. Inventory is getting completely booked up. So you can charge some pretty hefty rates compared to what you normally would, and you're going to see really, really high occupancy rates even through the winter." -James Svetec

"I always tell people like when you're investing in short term rental, a lot of people's concern is that there's a lot of volatility in the market. And the truth is, it's not unpredictable; it's highly predictable. And you can look at data to figure out exactly how well a property is going to perform. You just need to know what you're doing when you're running those numbers. And then you always want to have backups and contingencies in place." - James Svetec

"It's important to number one, just run the numbers conservatively and know what your worst-case scenario is. But then also just have different backups in place so that you're never left with the property that's not going to be cash-flow positive." - James Svetec

"I think what it really comes down to for a lot of people that are on Airbnb is looking for certain amenities, certain features. And especially right now, people in these urban centers wanted to get out of the city. But sometimes they're actually looking to go to the city to work still and maintain the same standard of living that they were in beforehand." - Riley Oickle

Connect with James Svetec and Riley Oickle:

Connect with Dave Dubeau:

Enjoyed the Podcast?

Please subscribe on iTunes for updates

  continue reading

364 odcinków

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