How Much My Airbnb Made In Its First Year

Lovely!

Very thorough financial analysis. Good job!

Thank you for doing this

Government rules and regulations prevent making any money with short term rentals and may prohibit it all together. Government does not want airbnbs short term rentals

Who the f cares?

Good info on AirBNB and the house looks great. You have to have a pool for “coms” to stay competitive but it seems worth it. Do you plan to stay in CA or move later with a more profitable AirBNB? Maybe Orlando and Disney/Universal nearby attractions? No State Tax in FL too!
BTW: You have a Carey Mulligan/Anna Ferris vibe going there which makes a possible $treaming option in the future.

also, once you get solar, switch to a heat pump pool heater instead of gas

love this transparency- thank you! I learned a lot!!

I have to appreciate your openness with the finances others would treat it like an NSA secret

If you don’t mind sharing, how many contracts or stays did you have during that year.

According to those numbers you would do just as well to live there full time yourself. You won't have to buy a new AC unit every year but even without that expense you would have only broken even anyway. If you lived there you wouldn't have the expense of property management and your gains would have been just the same because your only gains was in gaining equity and appreciation in the value but you can't get that until you sell it. If you have another house with a mortgage I would sell this one and get your equity out of it and apply that profit towards any other debts you may have. I have a property that's completely paid for and Airbnb still wouldn't make anymore money than just renting it out long term if I used a management company. Long term rentals are easier and you probably wouldn't need a management company then. I would either sell it or rent it out with a yearly lease. But even then don't expect much positive cash flow. With a mortgage you are fortunate to break even. And then you still have maintenance issues that come up. If it was me I would sell it and start looking for another flip.

Great video, I have had a similar experience with my STR, and I do feel like even though these businesses don’t explode on year 1, they have the ability to become more profitable over time. Sounds like y’all did a good job and have a lot of runway left to cover

Great video 🌅🌴

Love your video...very informative. A little note...there is a typo on of the graphics. The word "principal" is spelt incorrectly. When you're talking about the principal in a loan repayment it is spelt principal not principle.

🤦‍♀🤦‍♀💔💔It's really difficult to stay afloat and make a good steady income from all this... I mean, the information is overwhelming. Pretty exhausting and on top of that I'm making losses

Awesome videos! I think I've watched most of them.

What direct booking platform do you use or recommend?

Thanks!

Is anyone interested in having 80% occupancy? Reply to this comment if you want to hear more!

Great video Shelby... thanks for the honesty and transparency! Of course the location has a big impact on occupancy and pricing but I'd argue that the size of your Airbnb also has a big impact. I have a preference to smaller (vs. larger) properties for a host of reasons. Happy to share more if people are interested in hearing more about what I've learned.

Was in Palm Springs today drove by the house. Great location on cul-de-sac

Did you list your property on vrbo simultaneously so you could get more bookings?

Shelby, or anyone else who is in the business in PS, can someone explain to me why hosts keep holding high prices even though there are no bookings? I am looking for a week in March-April, and the prices are around 500-$700 per night, which seems a lot! It is possible to find a hotel room for around $300. So why hosts aren't dropping the prices???

I think what you're doing is great! Thank you for your transparency with the numbers!

Proud of you...keep shinning

You're like 24. How tf do you have that $? Oh duh. Cuz you're a gay dumb you tuber who doesn't have to work a 9-5 like the rest of us. GET FUCKED

What do these people expect was gonna happen when they extremely saturate the market for short term rentals?? Sorry I don't feel sorry when you guys do this to each other and at such high prices and don't even go lower when the demand is sooo low now...what are they even thinking?

Everyone is scrambling to get their 9-5 job again! The Airbnb business is doomed! It’s not worth it anymore! Especially with all the new local and state regulations they’re getting ready to implement. It’s over….

Two years from now it could easily drop back to the original purchase price or worse.

Keeping expenses down is huge. We have an awesome house we remodel. We're not making as much in high months, but able to make around $70k in 2022, but costs are way less (around $24k). Keep if up! Love to see info

Damn, I would sell the house.

I appreciate the honesty here.

The only thing I would add is how many hours you spent working on / managing the property times what you think you are worth working a typical job at the same hours. Since you didn't pay yourself, that would be considered an additional loss to calculate.

Management fees are eating your profits, self manage. It is not hard and you will learn a ton and have full control of your home.

sell it!

Considering you use the home yourself when not on Airbnb, I agree with you that it’s still worth it overall!

such an impressive video. i loved all the break downs. i learned so much watching this. very great video.

Once in a lifetime equity jump. I'd sell it and get that 200k.

Great video. I'm glad you gave a full picture of your endeavor. Props to you, and best of luck in the future

Airbnb charges too many fees! Decentralize

off topic, just because i hate dell with all my heart... they literally tried to copy asus with the taskbar thing and as usual they did a crap implementation of it ... just don't ever ever buy dell as a home user, dell is only good for enterprises ... they refused my faulty screen replacement because it was UHD and i didn't hit their 5% stuck to green pixel rate ... no ty ... i'll stick to better brands

omg - just like private renting - the more the landlord does themselves, the better the payoff... cannot believe the extravagance in your expenses...

u would get more money renting it

Love the honesty! The house is beautiful and just having it as a second home to be used for family and friends is amazing.

Love this video Shelby!!

Waiting for Scott Shafer's misguided response to this video.

Property taxes?

Really appreciate the transparency!! You also made your airbnb listing so unique and beautiful