30 AirBnbs: Lessons as Full Time Managers With Mai and Jonathan
The Truth About Real Estate Investing... for Canadians
English - October 10, 2023 17:00 - 1 hour - 109 MB - ★★★★ - 4 ratingsInvesting Business Careers business entrepreneur entrepreneurship finance health interview leadership marketing fitness lifestyle Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On to this week’s show we have my old friends Mai Nguyen and Jonathan Lim who’s travel agency business was hit hard by Covid but thanks to their experience as early adopter AirBnb hosts were able to successfully pivot into short term rentals, specifically AirBnb and now own a couple and manage a total of 30 Airbnb properties.
From Muskoka Cottages two hours north of Toronto, to downtown condominiums, to recreational properties in Niagara Falls they have quite a bit of experience on what works, what doesn’t work, the good, bad and the ugly. The truth about short term rentals is they are a hospitality business: that means lots of customer service, cleaners are critical to the business, location and amenities mean the difference between success and failure. It’s totally doable and comes down to education and execution.
Mai and Jonathan tell it like it is, including the mistakes they made when they first listed their home on AirBnb, to how it funded their travel, what types of properties to buy, red flags for potential guests, scams, and if you should be buying a property today to AirBnb.
Before buying a recreational property or course, I highly recommend giving this episode a listen
Please enjoy the show!
To connect/follow Mai and Jonathan
Direct business line: 416-521-3141
Airbnb host referral link: www.airbnb.ca/r/main8
IG: https://www.instagram.com/mainguyenlim/ and https://www.instagram.com/shortstaysinternational/