Airbnb Rental Strategy: Is it Right for You with Bill Powers

Today my guest Bill Powers and I are diving into whether the Airbnb rental strategy is right for you. How would you like to know how to 3x or 4x your rental income in this show by adding Airbnb’s to your rental portfolio? 

If you want to gain a deeper understanding of the Airbnb Rental Strategy, this episode is for you!

Bill is a serial entrepreneur with experience in business development, sales management, marketing tactics, and business operations. His expertise arises from the operation of a global consumer products brand as well as management and investment in several small businesses including recent investments in real estate. He has identified market opportunities, built teams of employees/contractors, and secured financing for startup ventures at several organizations during my career.

Key Highlights:

[00:01 - 04:27] Opening Segment

An overview of the Airbnb Rental Strategy

Bill’s journey getting into Airbnb

Why starting an Airbnb business can be lucrative and can help a local business grow

[04:28 - 15:48] The Business of Airbnb

The main sources of Airbnb’s revenue, and how the company has been able to succeed in a small town

Why Airbnb is a viable option for people to earn extra income

How Airbnb conducts research on short-term rentals in order to stay ahead of the competition

[15:49 - 25:00] The Ways That Airbnb Can Help to Grow Its Business

Have a team that is able to handle the organization and customization of the service

How Bill built a successful business by doing it for himself and then expanding into Airbnb

Components you should consider if you're thinking about investing in Airbnb

[25:01 - 26:49] Closing Segment

Bill shares some great advice for those looking to invest in real estate

Want to connect with Bill? Follow him on LinkedIn. Make sure to visit RTO Property, a property consulting company based in Waukegan, IL. They currently manage over 300 units, mostly single-family homes in Lake County, IL!

WANT TO LEARN MORE?

Connect with me through my website, Instagram, and LinkedIn

Or you can send me an email at sharon@sharonvornholt.com 

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

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Tweetable Quotes:

“Just always envision yourself using a product. And if you can see yourself using it, then thousands of other people can too” -  Bill Powers

“It's the timeshare that pays you because you're making money on it, but at the same time, you can use it a couple of weeks a year." -  Bill Powers

"If you're looking for an opportunity to get into the real estate market, Airbnb is a great way to do it." - Bill Powers