Digital Social Hour
How I Built a 13-Property Airbnb Empire in 1 Year | Brandon Meyer DSH #1088
Sat, 11 Jan 2025
🏠💰 Discover how to build a 13-property Airbnb empire in just one year! 🚀 Brandon shares his incredible journey from software engineer to Airbnb mogul, revealing insider secrets and strategies that can help you achieve financial freedom. 💼 Learn about: • Rental arbitrage and how to start with minimal capital 💡 • Maximizing profits with dynamic pricing software 📈 • Preventing parties and handling difficult situations 🎉🚫 • Creative financing techniques for real estate investing 💳 Brandon's story proves that anyone can build a successful Airbnb business, even while working a full-time job. From Pittsburgh to financial freedom, he shares valuable insights on market selection, property management, and scaling your portfolio. 📊 Ready to dive into the world of Airbnb investing? Watch now and subscribe for more game-changing tips from successful entrepreneurs! 🔔 Join the Digital Social Hour community and stay ahead of the curve in real estate and passive income strategies. 💪 #AirbnbInvesting #RealEstateStrategies #PassiveIncome #DigitalSocialHour #SeanKelly #realestatewholesaling #makemoneyonline #airbnbarbitrage #propertymanagement #recessionproofincome CHAPTERS: 00:00 - Intro 00:28 - Brandon's Airbnb Portfolio 02:12 - Understanding Airbnb Algorithm 06:37 - Preventing Parties in Airbnb 09:45 - Identifying Scammers in Airbnb 13:41 - Why Choose Pittsburgh for Airbnb 15:31 - Capital Investment in Airbnb 17:29 - Importance of Mentorship 22:03 - Bitcoin Overview 22:35 - Michael Saylor Insights 23:35 - Understanding Smart Contracts 27:23 - Creative Financing Strategies 29:25 - Tax Deed Auction Process 30:30 - Airbnb Cleaner Issues 34:00 - Where to Find Brandon APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Brandon Meyer https://www.instagram.com/moneywithmeyer https://www.youtube.com/@moneywithmeyer SPONSORS: Prolon: http://prolonlife.com/DSH LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad
Chapter 1: How did Brandon build a 13-property Airbnb empire in just one year?
Chapter 2: What strategies does Brandon use to prevent parties in Airbnb properties?
Yeah. How's the Airbnb stuff doing?
It's good. My portfolio is good. There's a lot of fear in the market with the Airbnb bust, but if you do Airbnb right, I found it to be very lucrative.
So that bust, did it wipe out a lot of sellers?
Chapter 3: How can Airbnb hosts identify and handle potential scammers?
It's an oversaturated market right now. you have a lot of people jumping in the game and they are,
just throwing furniture in they're not spending enough money to invest in a good home and advertise it well so they'll do they'll buy a lot of stuff off facebook marketplace they'll do ikea furniture just really cheap but with our properties i found that you put in enough capital and market it well uh and this this is like accent walls you know doing wallpaper paint uh just making it a scroll stopping design
it kills it it does it does really well so um yeah we we do we do really good so yeah because you got to separate yourself from everyone else exactly yeah there's a lot of competition out there and need to stand out. And a lot of it too is Airbnb is an interest-based algorithm. So if we try to optimize for that, we're setting up the listings and we're picking certain photos.
You can add a little bit of mystery, get people as they're scrolling through Airbnb to want to know more, see more of your photos, click into it, play with the listing. And Airbnb, the algorithm picks that up. And you get impressions, you get clicks and conversions. And that helps boost your ranking, put you on first page search on Airbnb.
Chapter 4: Why did Brandon choose Pittsburgh for his Airbnb investments?
Nice. When did the algorithm start getting incorporated?
The interest-based algorithm?
Chapter 5: What is rental arbitrage and how can it help start an Airbnb business?
Yeah.
I'm not sure of the year. I think it's always been based on interest-based algorithm to kind of gauge people's interest in wanting to go stay at a place. And the more a listing gets played with, the more it appears on top of search. Airbnb wants to list the best listings first. They want people when they're coming to their platform to see that.
Chapter 6: How does dynamic pricing software maximize Airbnb profits?
I mean, you can imagine if you were going there and you just saw
a bunch of dumpy houses you probably wouldn't book anything so in this case they're putting some of the best inventory first and um and they mix it in i mean if a part of the algorithm if you have a new listing they push you to the top for 30 days and that's something with my portfolio you know we do property management as well for other people we take advantage of that 30-day window
That's when the algorithm is going to be kind of gauging the success of the listing.
The first 30 days?
Yeah, it's crucial. And that's not to say that down the line you can't make some changes and bring it back. That's totally fine. But those 30 days are crucial for really driving up those bookings.
That's good to know for people just getting started. Absolutely. So maybe they should lower their price the first 30 days?
No. So that's a misconception. So I don't tend to do that. So with us, because you get that 30-day boost, you're likely to get more bookings to come in. So we keep our prices competitive. We use a dynamic pricing software, something like Price Labs. And we use Price Labs to... Sorry, I lost my train of thought there.
No, I didn't even know there was a software that... So it changes the prices of the listing for you?
Yeah, it changes the price of listing. So, uh, dynamic pricing is, is how it, uh, competitively prices amongst the competitors. So it takes into consideration things like events, uh, coming to town, similar like, uh, airline tickets and, and hotels and, uh, makes you competitive in the market. For example, we have properties in Pittsburgh.
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Chapter 7: What are effective ways to manage difficult situations with Airbnb guests?
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tickets don't get bought prices are going to drop to try to sell those tickets and that's kind of the same thing with uh airbnb inventory as you get closer to something if it doesn't sell you want to drop the price and and you got to be careful with that too with airbnb though because you can also invite parties in so what we tend to do with our pricing strategy is try to get it booked in advance there are certain zones or tiers and if we can get booked in advance the more bookings we can secure we can actually raise prices as those dates come closer and that's a good party prevention tool which
Chapter 8: What valuable insights can be learned from Brandon's Airbnb journey?
Parties are unfortunately a thing with Airbnb and a lot of hosts that, you know, people come in, trash the home and you see an Airbnb in the news for shootings and parties and stuff. Yeah, in Philly. It's a bad rap. Yeah, in Philly. Exactly.
So how common is parties? Like, has that happened to you? Yeah, quite a bit. I love the honesty.
Yeah. So we implement noise detection hardware in the houses. It just measures the decimal levels. Oh, smart. So I set a threshold around maybe 80 dB. If it goes over that threshold, I get a notification maybe around 8 PM that that happens. Then we have security cameras, one at the front door, one in the back door. Don't have any inside, right? Just monitoring the outside of the building.
So we get those notifications. I check the cameras and you can always tell a lot by you read a listing. I'll check to see who checked in. I'll see what the registered guest count is. They'll put down like I got two guests that are coming to stay. And then all of a sudden you look at the front doorbell camera and there's like six, seven people, you know, piling in the front door.
so at that point uh they're breaking our house rules they're breaking airbnb policy where you're only allowed to have registered guests at the home that's that's actually one misconception a lot of people think is that you have to register for every single person at home i didn't know that yep and uh you uh yeah you have to have those registered and if not you're in violation of airbnb policy and at that point the host can uh kick you out if they want because you're great interesting yeah
Yeah, I never knew that because I've definitely stayed and not. Is that a newer thing where you have to register all the guests?
As far as I know, it's been around. I think it's a liability thing, right? You don't want like all these people come into your house that aren't registered. And so Airbnb, you know, wants to keep track of everybody that's coming. And so no lawsuits and things like that.
Right. Yeah, that makes total sense. So what happened when you found out there was a party at one of your spots?
I mean, we've had a few. Having that system in place, we're able to stop things before they get out of control. Got it. When that happens, get that notification to the phone, check the camera, see that there's some funny business, try to reach out to the guests. If they don't respond, which a lot of times they don't, music is really loud, depending on where they are.
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