Kim Steel from Property Mums is the ultimate AirBNB investor, making over 20% return on most of her properties. Listen in to hear some of the tricks of the trade and how you can maximise your investment dollar.
I’m really excited about this episode. Imagine investing in property and getting a massive 20% return each year. The key is finding the right property, setting it up right, and having the right people look after it for you. It’s all about getting it ‘Real Estate Eight’ – yes, it’s the perfect episode for us. Today, we have Kim Steel from Property Mums telling us exactly how to go about it.
Intro:
Kim Steel has been a property investor for 25 years. 12 years ago, she changed her tact, and changed her properties from long term leasing to short term leasing. She is the founder of Property Mums, a company that styles, mentors and manages some very busy AirBNBs in Melbourne, on the Mornington Peninsula and in Hepburn Springs. With some of her properties ranked the highest earners on AirBNB, welcome Kim.
Grant: Kim, what made you change your tact from long-term leasing to short-term leasing?
1. What do you need to consider when organising a house or apartment for AirBNB?
a. Furniture
b. Utilities
c. Kitchenware
d. On-going supplies – dishwashing liquid, washing powder, shampoo, soap, toilet paper, etc
e. Gardening and external maintenance
f. Entertainment – dvds or subscription service, internet, sporting goods, etc
g. Pre and post guest cleaning
2. How much should you budget to get all the things to set up a furnished property for holiday accommodation?
3. What would you expect from a premium AirBNB vs a standard AirBNB?
4. Kristen from Moorabbin is wanting to start up an AirBNB in Inveloch, she was wondering if all AirBNBs provide breakfast (considering the name of the sharing platform)?
5. What sort of return should you expect from your AirBNB in its first year?
A)how about subsequent years? Should it be consistently increasing?
6. How often should you change the furnishings and décor?
7. You’re a company that provides a service for investors, what sort of percentage do companies like yours take to manage an AirBNB?
8. What do you do differently that makes it appealing to investors to use your services?
9. Do you trust the AirBNB or other holiday-stay software to get bookings and payments right?
10. What about insurance? Do AirBNB offer insurance?
11. Are you prepared to reveal your formula?
12. What would you expect to be different between a city based property and a rural or coastal based property?
13. What’s a super host and what difference can it make?
14. Some of the councils are now asking investors to inform the council about their short term leased properties, even if it is just a room to rent? Do you know why they are doing it?
a. Do you think that it’s an opportunity for them to add more to the rates?
Contact Kim Steel at www.propertymums.com.au
Need Copywriting?
Call the 'Real Copy Right' Hotline: 5977 8889
Email: orders@realcopyright.com.au
Ep122: Sophie Lyon - The VCAT Process
Ep121 - Mark Perree: House and Contents Insurance - What You Need to Know When Selling Your House
Ep120: David Banks - Should I Buy First or Sell First?
Ep119: Kiani Mills - Title Insurance
Ep118: Lisa Carlyle and Chloe Martopo - How to Make Your Styling Unique to Your Property
Ep117: Luke Piccolo - Family Matters: Knowing the Steps When Selling a Deceased Estate
Ep116: Alistair McLean - The Appeal of the Retro and Mid-Century Home
Ep115: Shaun Moriarty and Steven Persson - Campaign Agent Collaborating with Homes For Homes
Ep114: Frank Valentic - Frank‘s Top 10 Don‘ts When It Comes to Investing
Replay Ep71: Josh Summers - Flipping Properties
Replay Ep52: Frank Valentic - The Cost of Selling
Replay Ep78: Nello Traficante - Using the Equity in Your Home to Buy an Investment
Ep113 - Town Taster: Venus Bay
Replay Ep56 - Sophie Lyon: The New Residential Tenancies Act
Ep112 - Christmas Recap Episode
Ep111: Chris Samartzis - Pool and Spa Safety Barriers and What You Need to Know When Buying, Selling and Leasing a Property
Ep110: Jodie Pipkorn from DISER - Energy Ratings - What Do They Mean?
Ep109: Kristen and Jax - Understanding the Different Sales Commission Structures
Ep108 - Town Taster: Lalor
Ep107: Tim Carson - Buying a Property for a Short Term Holiday Investment
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
Navigating Life After 40
Teaching Learning Leading K-12
Regenerative Skills
The Jordan B. Peterson Podcast
The Mel Robbins Podcast