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- Enjoy this discussion on Building Airbnb Business with Ethan Cooke who is crushing the Bay Area with Airbnb Rental Arbitrage.
Ethan Cooke runs a fast-growing business managing AirBnB units on behalf of homeowners in San Mateo County and San Francisco. He started his business in December 2017, and has been adding a unit a month to build cash flow and create freedom in his schedule. His business model is twofold: He rents units directly from the homeowner and then furnishes and re-rents them on AirBnB and other furnished rental platforms, and he partners with the owner to “Co-host” their property, managing it end-to-end for a fee. He focuses on 30+ day rentals for business travelers.
How to build your AirBnB Rental Arbitrage Business.
[bctt tweet=”Taking over the planet one house at a time with rental arbitrage.” prompt=”tell a friend”]
Here is a summary of our discussion on building your Airbnb business:
- How to find your first airbnb rental arbitrage opportunity with an in law suite or rentable basement
- Corporate rental opportunities for extended stays
- The best short term rental platforms
- How to determine neighborhood comps in your market
- How to get the right lease terms for your rental arbitrage
More about Ethan: After working in corporate Human Resources for 20 years and buying 2 investment properties in San Francisco, Ethan realized that his buy and hold strategy was great for long-term wealth-building, but not for cash flow. In late 2017, while doing a lot of research on BiggerPockets.com, he came across a community of “rental arbitrageurs” including Al Williamson and J. Martin. Ethan attended a real estate conference where he learned the basics of rental arbitrage, and decided launch a business using his experience as a landlord and part-time AirBnB host.
Today, Ethan manages 8 full-time units and does part-time HR consulting. He lives with his wife and 2 daughters in San Francisco and holds an MBA from UC Davis and a BA from Vassar College. In his free time he likes to travel, swim outdoors, hike and bike. He can be reached at efcooke@comcast.net, on Biggerpockets.com or on LinkedIn.com.
Are you working on growing your Airbnb Business? Leave me your comments on how it is going, what your challenges are and what you are doing to work through them.
Thanks to all who subscribe and leave reviews in I-Tune, etc! I super appreciate our Success Community! You’re the best!!!!!
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