Maximizing Profits with Rental Arbitrage on Airbnb and VRBO

Maximizing Profits with Rental Arbitrage on Airbnb and VRBO

On this episode of the Investor Financing Podcast, Beau interviews Quentin West, the owner and president of The Cozy Cosmo LLC, a nationwide short-term housing company specializing in helping victims of fire & flood find temporary housing.

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
Timestamps
[00:14] Beau introduces Quentin West on the show and talks about his credentials
[00:55] How did Quentin first find out about short-term rental investing?
[03:14] Early on, Quentin doesn’t even know how Airbnb and VRBO work
[04:20] Figuring out a creative way to buy more properties
[06:10] It is possible to rent a property and then sublease it on Airbnb
[06:15] Winston-Salem is one of the most emerging hot markets right now
[07:40] When you are looking in the right markets, it is possible to get your money back in one month
[10:20] This business is a business of relationships
[14:26] Being successful in short-term rental investing at the age of 24
[14:47] In Arbitrage, you don’t need much money you just need the skill sets to do it
[16:06] Getting virtual assistants in the Philippines to manage properties
[17:45] How to get 2,000 minimum profit per month for any new properties
[21:22] Using outsourcing turnover company for cleaning
[22:29] Arbitrage is the first step
[23:10] Build up your cash flow with arbitrage because it’s not long-term wealth, it’s temporary
[24:43] Coaching program to Quentin’s family and friends about Airbnb
[26:24] How to leverage from zero to over a million in a year, go to @qdealshomes on Instagram
[28:10] The biggest challenge when starting to learn the process of short-term rental investing
[32:01] Arbitrage is not just for single-family houses; you can do it in commercial spaces too
[33:10] Figure out what models will work in your market
[34:57] You are not trying to close them or sell them, you are trying to offer them a better tenant
[37:46] Is it feasible to buy a house if you do not have credit?
[39:56] Hire a mentor or a coach if you want to go faster and smarter
[41:06] By using an LLC you are able to get over all the different things
[43:22] You got to learn and take action
[45:01] You do not need money, you do not need credit, you just need to know how to put the deals together
[45:39] Join Quentin’s private real estate group: One More Door | Real Estate Tips for Serious Investors https://www.facebook.com/groups/244209344482282 to start and get some arbitrage units in the next 90 days

The video discusses how to maximize profits through rental arbitrage on platforms such as Airbnb and VRBO. The host interviews guest Quentin West, who quickly scaled his Airbnb business, earning over $100,000 per month in gross revenue within 24 months. West initially entered the short-term rental space out of necessity when he couldn't keep up with his mortgage payments after becoming a full-time real estate agent. He stumbled upon the Airbnb arbitrage model, where he rented properties and subleased them on Airbnb, allowing him to make several thousand dollars a month in profit off a property. West recommends using a channel manager to sync calendars between Airbnb and VRBO. He also suggests starting with arbitrage, wholesaling, or flipping to create cash flow, as opposed to buying rentals. West now coaches others on how to succeed in the short-term rental space, including how to build a business entity and business credit to leverage for financing. Finally, the video touches on the importance of building relationships with property owners and guests, providing value, and avoiding common mistakes like not conducting inspections or overthinking the process.

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💥 Thanks for watching 💥
#shorttermrental #rentalarbitrage #househacking

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.