Speaker A made $200,000 in 45 days managing other people's Airbnbs, with bookings averaging $4,000 to $5,000 each. A single $500 Instagram ad drove the demand. Co-hosting requires no money down and can generate enough cash flow to buy your own properties within months.
We hit $200,000 45 days out from launch, and then we hit $300,000 just 3 months out from launch. We pumped in, I think, $500 into one Instagram ad on a reel that we made.
Hmm.
It wasn't even video. It was just like static images.
For $500 one time, how many bookings per day were you getting for that first period?
Our average booking size is somewhere between $4,000 to $5,000 a booking. And there were some days we were getting 5 to 6 bookings a day. And then at that point I was like, this deserves my full time and attention. This is something that deserves to be scaled. Like there's clearly a gap in the market. We had 10 to 15 people people a day reaching out why they couldn't book the dates they wanted because there was already booked it. We had a waitlist of hundreds of people that were waiting for the second one. I would say the better option for no money down to get into like managing an Airbnb would be through co-hosting, and you can co-host someone else's property. And I know a lot of people that have had major success in growing their co-host business and then, you know, taking their cash flow and then starting to invest in properties and buying their own.
So co-hosting is like being a property manager on steroids, like you're more involved but you're making more money, right?
I know some people that have gotten, you know, 10, 20 co-host clients in as short as 6 months. Co-hosting is a great way to get into the industry. Once I figured that out, the entire strategy of the company changed.
