It's always nice to start the week off by posting some wins and some money. Today we got a number of bookings roll in. This one in particular is for Stampede (high season) on one of our 3 bed townhomes. Here's the exact payout we're getting

Members! I'm going to start posting a listing each week that I think is a great deal for an arbitrage unit to pick up. For now, these will just be listings within Calgary, but if you ever have a city you want me to do one on just comment below! Deal Flow Friday: 4 Bedroom Duplex in West Hillhurst https://www.rentfaster.ca/properties/2526-4-avenue-northwest-calgary-519393 This is a newly built duplex in West Hillhurst which is a banger location for these types of larger properties. A few things stand out in this listing First, the price. $3,800/month for a 4 bedroom is a great deal! You can easily pull in $6K - $8K year round average on 4 bedrooms townhomes/duplexes. This property likely does $12,000/month in June/July, August avg if it's set up right. They also have internet included already which save you another $100ish/mont Second, it's brand new, never lived in before, newly built which means all the appliances will have warranty on them for next 1 - 3 years (saves you and owner headache) and it means they want to get it off their hands since they'll have holding costs on it. Third, it looks like the owner listed it, the photos are low quality phone photos, doesn't really showcase the place well. An owner is just trying to get it off his hands and you can be that solution. I guarantee this property is a lot nicer in person based on the photos, and in a great area. But since he has poor photos, it'll be harder for him to attract a regular tenant (regular tenants will discount this listing and thinks it's not as nice of a spot simply because of the photos) But as a Host/Operator we see through that and have a vision for what we can do with the place. Fourth, the layout and amenities: - Double car detached garage is a huge plus! - Laundry is upstairs by the bedrooms (massive for your cleaners and saving time, also preferred by guests) - Basement has it's own wet bar area - great for setting up a cozy space for your guests to hangout. - There's great storage and pantry cabinets in the kitchen which is a huge plus for longer term stays.

When you're getting started in Airbnb Rental Arbitrage, one of the most daunting tasks is making those calls to the landlords. What do I say? How do I get them interested? Are they just going to tell me to kick rocks and hang up? These are all questions I hear constantly from people and they're great to ask because you never want to just "wing it". You need to treat it like a sales process. I like to think about it like content that performs well on social media. People's attention span is short so you need to grab their attention with a strong hook. Landlords get calls every day from different people wanting to pitch them on Airbnb and things alike. So how do you actually stand out and get them to listen to you. Well, for the last 17 properties I've closed and added to my portfolio, I started every single call with this hook: "Hey, how's it going, I saw your add on RentFaster for XYZ property and I was just curious if you'd be interested in renting your property for 5 years." This is a strong hook, because it's immediately lowers their barrier and most landlords would love to do that and are now going to ask you for more information and say something along the lines of: "Umm yea of course, tell me more." We're already switching the dynamic to them asking us questions and positioning ourselves as a solution to their problem - which is getting their place rented long term so they can live their lives. This hook is very important because we want to flip the dynamic to where the landlord is our our client, and our customer wanting to work with us because we are here to solve their problems. From there they've given you permission to explain WHY you'd like to rent their place for the next 5 years and explain the business model. "I run a company that offers fully furnished accommodations and I work with corporate relocations, insurance stays, travel and more. I'm looking to sign a standard 5 year lease with you and then my company will come in, furnish the property and then have a list of clients ready to move in"

Hello there, my name is Reese Bobier and I began doing Rental Arbitrage back in June 2019. After almost 7 years in this space there's lots I've learned that I want to share with you today surrounding the question I hear so often...."What is Rental Arbitrage" In simple terms, the definition of rental arbitrage is: A real estate strategy where someone leases a property long-term (1 year minimum) and then sublets it for short, mid & even long-term stays (days/weeks/months) on platforms like Airbnb or Vrbo, profiting from the price difference between the monthly rent and the higher nightly rates, all without owning the property This creates a much lower barrier to entry for people to get into the space without owning their own property, and with the way housing prices have gone over the last decade, owning becomes more difficult for people, and this could be a way for them to get into real estate, with less risk than owing, turn a profit, save those profits and eventually have a down payment to go get their own property and start building equity. Alternatively I've also seen people just run with this model and build multi-million dollar businesses without ever owning any real estate. That's precisely what I did, and over the last several years I've launched over 75 properties under this model and have generated over $8,000,000 in revenue off of Airbnb alone. Airbnb Earnings (See first image below) That's a glimpse of what is possible with this model when you're willing to take on the risk of paying the rent and then executing successful launches and pricing strategy to make a profit. These types of results came through blood, sweat and tears, sleepless nights, 18+ hour work days for years on end. But that's what the entrepreneur does, a word that's so mis used in today's social space. The original definition is quite literally: a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. I once wrote a post stating that "Greatness is not for the faint of heart. Greatness is not fair to the one who seeks it, albeit rewards the one who constantly pursues it in the face of adversity"