Udayan Deshpande’s Post

Yesterday on youtube i wrote "How to make passive income?" and i saw this amazing podcast by Wint Wealth on Airbnb as a side income business. here are the keytakeaways : 🏚 Revenue Potential and Earnings: The speaker manages 118 Airbnb listings, generating around 5 crore rupees annually, with 20-25% profit margins. They initially experienced high returns with their first property, earning significantly more through Airbnb than traditional rentals. 💰 Investment and Setup Costs: Setting up properties for Airbnb involved significant initial investments, with each room costing around 2 to 2.5 lakh rupees. Total setup costs for a multi-story property ranged from 15 to 18 lakh rupees. 🏢 Occupancy and Management: The average occupancy rate for their listings is 70-80%, with some properties reaching 100%. Management includes full-time and part-time staff, with an emphasis on maintaining high occupancy through strategic pricing and guest feedback. 😎 Property Ownership vs. Leasing: The speaker owns 18 properties and leases 100, using different models like revenue sharing and fixed rental management. Ownership offers flexibility but involves high risk and investment, while leasing provides more flexibility and lower risk. 💹 Market Insights and Strategy: The speaker highlights the benefits of operating in high-demand areas like Bangalore, with specific mentions of Indra Nagar, Koramangala, and Whitefield. #personalfinance #finance #airbnb #bangalore

I recently had a conversation with an Airbnb host who expressed genuine concerns about the increasing competition in our Bangalore neighborhood. It's true, with the surge of hotels, service apartments, and Airbnb listings, the hospitality landscape is evolving rapidly. However, success in this industry isn't solely determined by the new flashy spaces or the number of rooms. It's the essence, the SOUL of a business that truly defines its longevity. I encouraged him to think why some Airbnb hosts thrive while others struggle, despite similar properties and similar claims of cleanliness and safety. Through years of business experience, I've learned that competition serves as a catalyst for improvement, pushing us to innovate and excel. Remember, the ultimate differentiator in any business is YOU. By focusing on your strengths and unique offerings, competition becomes less daunting. In my own #Airbnb business, at Home Awaits I've found that our established community, flexible offerings, well-trained staff, and positive guest reviews create a substantial barrier against new entrants. Today, pricing, cleanliness, hygiene, and security are expected standards, not differentiators. So, embrace the competition, stay consistent, and continue delivering excellence in your own distinct way. Your authenticity and dedication will always set you apart. #HospitalityIndustry #Competition #BusinessSuccess

Finding the right property rental for Airbnb involves several steps to ensure you make a profitable and sustainable investment. Here are some key steps to consider: 1. Market Research • Location • Competition • Regulations 2. Property Features • Size and Layout • Amenities • Condition 3. Financial Considerations • Budget • Financing • Expenses • Revenue Projections: Estimate potential income 4. Target Audience • Guest Demographics • Seasonality 5. Legal and Safety Requirements • Permits and Licenses • Safety Compliance 6. Property Management • Self-Management vs. Hiring a Manager • Cleaning and Maintenance 7. Marketing Strategy • Listing Quality • Guest Experience • Dynamic Pricing 8. Networking • Join Local Host Groups • Build Relationships By carefully considering these factors, you can increase your chances of finding a property that will be successful on Airbnb. #airbnbhost #vacationrentals#

My startup Travinities has managed 300+ hotels and 50+ Airbnbs in the past 7 years. And this is my unpopular opinion- Airbnb is far better than a hotel. Why do I say this? Lesser costs, more amenities, better experiences. Airbnb bookings have increased by 30% as per the latest data and they are counting on India to be among the Top 10 revenue nations. And guess what? 90% of the first-time bookings are made by the Gen Z. Why? We love to have value over money. We love feasibility. Traditional ways of living have no value if they don’t give us value for money or experience. Booking a hotel room for 2k looks like this-  No extra living area space, no kitchen, no personalised experience, and not spacious at all for a large group of people Booking an Airbnb for this same amount-  extended stays, an entire house or apartment, a homely feeling, free wifi, furniture and amenities, cook your dinner or dine out, hold parties with large groups, everything feels just like home. Hence, Airbnb has a way better experience. Many AirBnB villas also have a pool at no added cost. This is revolutionary. Who would not choose the following over the same or a bit more costs? 1. Local life and neighbourhood- feeling of community 2. Self-catering options- feeling of potential savings 3. Homely atmosphere- feeling of belongingness 4. Personalised stays- feeling of importance Given that it is so much better, why would the customer not want to return? Have you ever booked an Airbnb? Comment below and tell me what you liked about it! #Airbnbvshotels #entrepreneurship

5 Essentials Hosts Should Restock After Guest Leave 1️⃣ Toilet paper 2️⃣ Hand and body soap 3️⃣ One towel per guest 4️⃣ One pillow per guest 5️⃣ Linens for each guest bed. 💕 💕 💕 💕 💕 💕 Meeting me for the first time? Like, share, comment, and follow the #Amara for more insightful information. 🌼🌼 🌼 🌼 🌼 I'm a seasoned Airbnb property manager with 2 years of experience under my belt. I've used a variety of tools and strategies to optimize listings and promote properties, and I'm knowledgeable about Airbnb's policies and regulations. In addition to managing properties, I also offer services such as virtual home staging with AI, pricing optimization, and listing promotion. With my experience and expertise, I can help you get the most out of your Airbnb investment.finding a property with a high ROI for Airbnb. #shorttermrentals #vacationrentals #vacationhome #realestateinvestors #virtualassistant #guestsatisfaction #upwork #airbnbhost #airbnbtips #customerservicejobs #propertymanagementservices

This is not a post about Airbnb apartments. Like, at all. But let's imagine that someone (you?) got an idea of a side income and ended up with a simple Airbnb business. You rent an apartment and turn it into a short-stay "cozy place at the edge of the forest" as they say. No, it's not a post about rent, I swear. Now, the question: how do you make your rental apartment look and feel great, amazing, incredible and all those things people usually write in comments?  The first option: go to Airbnb reviews, read them carefully, maybe even make a spreadsheet, learn from it and never make those mistakes from 1-star reviews. The right option: move into the apartment, spend there let's say a month, and make it work with all those towel hangers and sharpened knives 99,9% of your guests will hope to have. Bottle openers. A little bin in the bathroom. More than 2 coffee mugs, all the same colour. You got it. By this point of the text, you might have figured that we are not talking about Airbnb apartments here. What I'm saying is imagine the world where owners (founders?) would use their product daily. Create a new guest account every week and see the user journey. Find all the gaps and fill in. Dedicated growth team? You are your dedicated growth team early on, and that's how growth happens. Even for b2b, especially for b2b.

The real estate business is no exception to the digital revolution. With the emergence of platforms like Airbnb, a new business model is emerging. Miami-based luxury property developers have begun to collaborate with Airbnb to create Airbnb-branded apartments. These partnerships, enabled by a platform called Niido, allow hosts and property owners to rent out their units easily. This extends traditional real estate services with hotel-like amenities. Still, technology's role doesn't end there. The digital integration of businesses, like real estate, allows for streamlined operations and access to data analytics. This can help you understand your customers better, providing tailored services, and ultimately, increasing profitability. Do you leverage platforms in your own business model? Are you missing out on opportunities for growth? As a Business Owner, I'd love to help you navigate this. Let's discuss how this could be applicable in your context - feel free to reach out. #DigitalIntegration #InnovativeRealEstate #BusinessGrowth

𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗧𝘂𝗿𝗻 𝗬𝗼𝘂𝗿 𝗔𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗶𝗻𝘁𝗼 𝗮𝗻 𝗔𝗶𝗿𝗯𝗻𝗯 𝗜𝗻𝘀𝘁𝗲𝗮𝗱 𝗼𝗳 𝗟𝗲𝘁𝘁𝗶𝗻𝗴 The choice to rent out a property traditionally or turn it into an Airbnb can make a huge difference in your returns. Here’s why opting for Airbnb might just be the smarter choice: 𝟭. 𝗛𝗶𝗴𝗵𝗲𝗿 𝗜𝗻𝗰𝗼𝗺𝗲 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 With Airbnb, you can charge a higher nightly rate than you would get with monthly rent. Especially if your apartment is located near major amenities, or business hubs, short-term stays can be more profitable. 𝟮. 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 Unlike long-term letting where rent is fixed, Airbnb gives you the flexibility to adjust prices based on demand. During peak seasons, events, or holidays, you can increase your rates and maximize profits. 𝟯. 𝗦𝗵𝗼𝗿𝘁𝗲𝗿 𝗩𝗮𝗰𝗮𝗻𝗰𝗶𝗲𝘀 The beauty of Airbnb is that your property doesn't stay vacant for long. With proper management and listing, you can have a steady stream of guests throughout the year, reducing long-term vacancy issues faced by traditional rentals. 𝟰. 𝗟𝗲𝘀𝘀 𝗪𝗲𝗮𝗿 𝗮𝗻𝗱 𝗧𝗲𝗮𝗿 Long-term tenants tend to cause more wear and tear over time. In contrast, short-term guests are often more considerate since they are staying for just a few days. Plus, you can frequently inspect and maintain your property between guests. 𝟱. 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗢𝘃𝗲𝗿 𝗬𝗼𝘂𝗿 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 Renting out your apartment through Airbnb gives you more control over how often and when the property is used. If you want to use the apartment yourself or take it off the market temporarily, it’s much easier than with long-term tenants. 𝟲. 𝗔𝘁𝘁𝗿𝗮𝗰𝘁 𝗮 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 With Airbnb, you're not limited to local tenants. You can cater to tourists, business travelers, and even locals looking for short-term stays, opening up your apartment to a broader market. Ready to start your invesment journey? Check out our studio apartments located on Mirema Drive now selling at only 𝗞𝘀𝗵 𝟮.𝟱𝗠 here: https://lnkd.in/ewAp4KTz

"Ignorance is bliss." What if I do not concur? As someone who took a long time to understand the power of content creation on LinkedIn, I would say ignorance impedes growth. Pardon me for using a cliché, but better late than never, I have finally come to my senses. All thanks to Mr Duncan Angwin and his very intelligently written case study, "The Rise of a Unicorn: Airbnb." The curious case of Airbnb not only delves into the complex simplicity of idea generation but also into the core of strategic management. The fact that two broke guys in San Francisco who couldn’t pay their rent later went on to build a 10-billion-dollar company is both fascinating and inspiring. Airbnb's story began in 2007 when Mr. Brian Chesky and Mr. Joe G., struggling to pay rent in San Francisco, decided to rent air mattresses to conference attendees in their living room. They saw an opportunity in the market for affordable, home-like accommodations and, along with Mr. Nathan Blecharczyk, co-founded Airbnb in 2008. From renting out air mattresses to becoming a global phenomenon, Airbnb transformed the hospitality industry by creating a platform where homeowners could offer their spaces to travelers worldwide. Airbnb’s journey from a simple idea born out of necessity to a billion-dollar enterprise underscores the power of innovative thinking and strategic execution. It serves as a powerful reminder that knowledge, adaptability, and perseverance are key to overcoming obstacles and achieving success. Let Airbnb's story inspire us to challenge our limitations and embrace the boundless opportunities that lie ahead. Here’s a glimpse of the infographic I came across today:

The Airbnb story is not about rooms and homes. It's about differentiation and perseverance. The homestay platform has 150 million users. How did they go from renting mattresses in a west-coast apartment to $105bn valuation? The concept started when founders Brian Chesky and Joe Gebbia were struggling to pay rent for their flat. The 2 designers noticed an upcoming local conference, with hotels fully booked. They turned their flat into a 'BnB', offering a home-cooked breakfast. They made a simple website with pictures of the space, and posted it on Craigslist. That weekend they had 3 guests and a memorable few days. Inspired, they set out to build a platform to recreate the experience for travellers. They faced significant rejection from investors. VCs couldn't get behind the idea that people would want to stay in a random person's house. They questioned if many would have the trust to rent out their home to strangers. The founders bootstrapped until they got their big break getting into Y Combinator, and raising investment from Sequoia. 3 biggest learnings from their-early growth story. 1. Growth 'hacking' -> Having seen early success from Craigslist, they began scraping info on users who were regularly looking to travel or offer their home for short-term rentals 2. Focus on quality, not quantity -> Chesky was meticulous in only moving onto acquiring an additional user, once the previous user loved the product. 3. Differentiate -> In creating this new market, Airbnb invested in educating users on the safety and benefit features to build trust in their platform, creating brand advocates Brian Chesky is probably my favourite founder. The customer & product obsession, unshakeable tenacity and growth mindset are clear pillars of his story. It’s taken him a long way from a low-cost BnB host.