Airbnb is an excellent platform for investors to make money without owning property. Since its inception in 2008, it has grown to astronomical figures worldwide and is still a great way of generating passive income for many people.
Statistics show Airbnb hosts make $924 monthly, close to $100,000 annually. However, operating an Airbnb business successfully requires tact and skill. The market is now saturated and riddled with many legal restrictions that make it challenging for new investors to make money.
Having a mentor like Ryan Pineda, a guru in the business, can help navigate the murky waters and operate an Airbnb profitably. Ryan maintains that Airbnb is still the best way of making money in real estate, but you need a coach to succeed.
Now, before you read what I have to say about Ryan’s program, let me let you in on a little secret: there are 2 categories of real estate: physical and digital. Imagine if you could rent out DIGITAL properties. I’m talking about renting out properties that exist ONLINE only (not in the physical world). You may not know this, but properties like this can get you much higher rent, and there are no property taxes, no repair costs, no homeowners insurance, and the profits can be MUCH greater: Digital Real Estate Video Here.
Here’s a video of my daughter’s business using this :
Click Here to Get The Course My Daughter Used.
The course my daughter used above is much better than Ryan Pineda’s Rental Property Academy. But since you are here to learn about Ryan’s course, lets get back to our review of that:
Ryan leverages his wealth of experience to develop a comprehensive training program—Rental Property Academy—to teach investors how to build wealth through Airbnb, long-term rentals, and creative financing. For this review, we’ll focus on his insights on Airbnb.
Who is Ryan Pineda? The Brains Behind Rental Property Academy AND Airbnb Arbitrage
Ryan Pineda is an entrepreneur, coach, husband, and former Oakland A’s baseball player. His passion for entrepreneurship started at a young age. At only 12 years old, Ryan sold Pokemon cards to a friend for $100, a decision that saw him suspended from school. Even so this fueled his entrepreneurial spirit.
After joining California State University, he was recruited to play baseball for Oakland A’s, a role he played for three years before the team released him. During this period, he doubled up as a realtor, a job he disliked.
He later decided to supplement his realtor income by flipping couches. He’d look for old couches on Craigslist, repurpose them, and sell them at a higher price. This side hustle helped him earn over $8000 a month.
However, he quickly grew tired of the business because it didn’t generate as much profit as he desired. Ryan felt that he would never achieve financial freedom by flipping couches. He wanted more but didn’t know the next business to venture in.
It was during a vacation with his wife, when he decided to invest in real estate. Coincidentally, he met an experienced house flipper on his flight back who explained what it entailed. This was another sign to focus on real estate.
After returning home, he raised some cash and purchased the first house. By the end of 2015, he had flipped five houses, and by 2016, 20 houses. He has since been in real estate, flipping houses and leasing out Airbnb. So far, he has flipped over 500 houses, closed wholesale real estate deals, and owns more than 400 rental units.
He’s also the author of Flip Your Future, a 2018 Amazon best-seller book. Ryan is also pretty influential, boasting over 250 million social media views across various platforms, including Instagram, TikTok, and YouTube. He also runs up to 11 businesses, including Pineda Capital, TrueBooks CPA, and Wealthy Way, to mention a few.
What is the Rental Property Academy Course?
Rental Property Academy course is a comprehensive training program that teaches aspiring real estate investors to invest in rental properties and Airbnb. Ryan also asserts that acquiring rental properties over a while is the best way of earning passive income. He explains how to invest in rental properties to make long-term wealth.
You learn how to take advantage of tax deductions like depreciation, appreciation, and other expenses that boost income. In the program, Ryan shares his proven Airbnb investment strategy that helps him generate over $450,000 on Airbnb.
He also teaches how to evaluate market deals and manage Airbnb properties efficiently. Ryan recommends using the strategy as-is to get a headstart in the game. Here are the three things he looks at when choosing an Airbnb market:
1. Location
A home’s location is critical to the client, hence the need to pick it out carefully. The first question Ryan asks when picking a house is if he would go for a vacation at the house; if not, he’ll pass. He’ll also find out the cost of managing the property.
A good rule of thumb is to choose a property whose management cost is not more than 20% of your income. Ryan also advocates self-management if you can prepare the house for your guests on time. You may hire handypersons and cleaners too to help you.
2. Legal Restrictions
Ryan recommends checking the legal restrictions around Airbnb rentals in the city or town you intend to set one up. Some cities have laws that make renting out property around specific areas challenging.
In Las Vegas, for example, investors find it challenging to set up an Airbnb near the Strip. Being one the most popular places tourists visit in Las Vegas, you’re locked out from a lot of business. Finding out about such restrictions is critical before renting out a space.
3. The Return on Investment
Lastly, you must analyze the returns you’ll get from that property. Check the cost of renting it out and deduct the expenses to determine the profit. Compare houses in different markets to find those with the highest returns and the lowest cost while factoring in their location.
What is the Cost of the Rental Property Academy Course?
Ryan charges $997 for the training. The course has over 80 videos covering a vast range of topics, including the types of properties, real estate markets, how to evaluate deals, and so much more.
Note that the course doesn’t come with a refund policy. Ryan cites that there’s no way of preventing people from copying and sharing the course material, hence the decision not to issue refunds.
What Do Others Think About Rental Property Academy Course?
You probably wonder what others think about the course, given that it’s a hefty investment. I’ve done the legwork on your behalf but haven’t found any reviews about the course except those on Ryan’s Rental Property Academy website.
Should You Invest in the Rental Property Academy Course?
The course is detailed and comprehensive for anyone investing in rental properties and Airbnb. I love that Ryan is quite experienced in this real estate investment and provides sober advice on the best way to go about the business. However, if you’re looking for advice on Airbnb investments only, his podcasts, books, and other affordable course material might be more beneficial. The fact that the course doesn’t have a refund policy or customer reviews is somewhat alarming. I find the $997 investment expensive for beginners in the Airbnb business.
Related posts:
- Commercial Multifamily Matrix Review
- The Creative Investor [ Real estate investment training ]