Tuesday, October 15, 2019 / by Gianfranco
If you are making little cashflow right now from your properties, I mean like couple of hundred. That is great but how would you like to 10X that just by converting it to short term rentals. Not only you can 10X your cashflow but you can also automate the whole process so you don't have to fully operate it.
Today we're going to talk to you about how to 10 X your rental cash flow from your single-family homes, detached homes, semi-detached, any of those types of homes, how to 10 X your rental income just by switching it from long-term into short term rentals.
If you already had a tenant in there, then that's great. You're already a, you know, some of you may have started like a long time ago and already built that cash flow. You already have passive income possibly. You're either breaking even or you're paying a little out of your pocket or you already have cashflow and that's great. You're already on the right track. This is perfect for you and you'll understand this a lot more. But if you're only making like couple of hundred dollars or not at all, because sometimes then sometimes in they expensive properties, your mortgages out when that's your 10.
Let's just say like, you know, you're one of the smart ones and you're making a couple of hundred dollars, $300 and you're, you're renting your property out for $3,000 a month. The traditional one-year lease. Now typically for a house that's around $3,000 a month, you can get somewhere around, somewhere around two to 200 $200 to $250 a month using Airbnb. If you were to basically rent a property using short term rental on Airbnb, you would get almost $6,000 a month just doing it that way. One of what I'm wondering, why would anybody would rather get $3,000 a month when they can any get anywhere between five to $6,000 a month by just switching to Airbnb? And I think you have to mentally get yourself comfortable with that idea because a lot of people are scared by, you don't need to be because this is a proven system has been doing it for a long time.
We have come up with a really good solid system and making an automating this and making this really easy for you. And you know, tenants are great. Not to say that we shouldn't rent anything to tenants, but the chances of, you know, wear and tear on your house is a lot less if there's just a lot more. This is just a lot more profitable and it's, it's, it sounds almost too good to be true, but you know, that's what it was for me until I actually learned and understood how it works and realized that all these years, I've been full not taking advantage of this. So, better late than never. Right!