AirBnB
Cashflow Experts
At BBA we have many great properties for you to choose from as well as some great strategies that you can learn or simply tap into our years of knowledge. The great advantage at BBA is that we have done every strategy ourselves.
One of those options you may be looking at or open to is faster returns, extra cash-flow or positive cash-flow, faster mortgage repayments, and greater flexibility in using your property.
A consideration could be placing your property on the short-term rental market. If the correct property in the correct location is chosen this can be a great strategy for the reasons we stated above.
But done wrong, in the wrong location, the wrong property, the wrong management team, the wrong systems in place, your dream cash-flow can turn into a real-life nightmare pretty quickly.
Luckily for you, Aaron and his wife Nicole are Australia’s leading authorities in this space. Starting a successful 6 figure “Side hustle” in 2017 renting their 3-Bedroom guest house and their 2 studios on their personal acreage property, it quickly became a full time gig as they started taking on other people’s properties.
After that experiment they rented 40 properties around australia and placed them on the short term rental market (With the owners permission and a legal contract signed as to not come under the sub-letting clause and to also make sure they are doing the right thing by the owner and the law). This was a very profitable portfolio, banking the difference between rent and short-term rental income can be thousands of dollars per month per property.
From there, they also went on to manage another 40 properties on the behalf of the owners as licenced agents. This chapter was all about setting up tech, software and systems to manage the portfolio on as much auto-pilot as possible. With the technology in place and their amazing team of Hosts on the ground, it was also a great lifestyle business and the owners enjoyed much better returns than if it was tenanted in the traditional long term way.
With the success in this model they were approached by a promoter and asked to put together an online educational course to show others how to do it all professionally. So in 2018 “BNB Professional” was born. Through BNB Professional over 1,100 students have learnt and are still learning today, the strategies of being a BNB professional and also property owners are learning how to find these right properties and host them the right way for maximum profits and minimal dramas.
Aaron and nicole travelled around australia in 2018 and 2019 speaking and educating over 10,000 people on the cash-flow strategies of short term rental properties. There are many benefits, but also many pitfalls to watch out for such as strata, council, bad cleaners, pricing software, technology, booking platforms, security and so much more.
In 2022 Aaron and Nicole sold their management portfolio, but still teach other Entrepreneurs, property owners and Real Estate agents the right way to go about this niche through their education company, BNB Professional.
So, if it is a strategy that you want to consider, make sure you use up Aaron and Nicole’s knowledge on the right type of place to buy in the right council area. It can make or break your property investing success.
Of course, at BBA we can just find it for you, set you up with the right management company or educate you on how to host it and away you go. Our knowledge, conversations and consulting are included in our service all the way up to purchasing the property.