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EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

Released Thursday, 8th December 2016
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EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

Thursday, 8th December 2016
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Andrew Keene, president and CEO of AlphaShark Trading which is originally founded as KeeneOnTheMarket.com in 2011. Prior to that, he grew up working as a proprietary trader at Chicago Board Options Exchange. He began his career on a trade program and would eventually co-found the KATL group. He currently actively trades future equity options, currency options present in commodities, and was a regular guest/market commentator on such networks as Bloomberg, CNBC and Fox Business. His first love will always be trading but he’s arguably even more well-known for building a trading room. He is especially proud of having taught his personal strategies trading for over 50,000 guests for years.

Famous Five:

  • Favorite Book? – Automatic Customer
  • What CEO do you follow? –  Elon Musk
  • Favorite online tool? — N/A
  • Do you get 8 hours of sleep? — No
  • If you could let your 20-year old self, know one thing, what would it be? – “Not to date a girl for 8 years and be engaged”

 

Time Stamped Show Notes:

  • 01:38 – Nathan introduces Andrew to the show
  • 02:32 – Andrew is based in Austin and San Diego
  • 03:17 – Andrew is part of Entrepreneur Organization
  • 03:55 – Andrew purchased a place in San Diego and put it on Airbnb
  • 05:18 – “This year I expect to make $20,000 from that $70,000 investment”
  • 06:24 – Andrew wants to get the “Super Host” status on Airbnb
    • 06:33 – Airbnb advertises Super Host’s properties more
  • 06:53 – Andrew looks at Airbnb hosting as an investment
  • 07:25 – The risk of having your properties in Airbnb
    • 07:31 – Stand-alone is not covered by HOA
    • 07:48 – HOA wants to ban short-term rentals in San Diego
    • 08:10 – Hosts can take advantage of their cash-flow situation
  • 08:50 – Andrew has made $5M from trading
  • 09:30 – Andrew shares how he got into trading
  • 10:32 – Andrew has a place in Chicago, too
    • 10:38 – Andrew is making around $8,000 a year for his place in Chicago
  • 11:16 – Andrew is starting his second deal
  • 11:41 – People ask Andrew how he makes money through the investment
  • 12:04 – Andrew is working on a book with Airbnb
  • 12:11 – AirBNBopen in LA
  • 12:25 – There are around 7,000 people who paid Andrew for trading information
  • 12:35 – Andrew has more than 50,0000 people in his email list
  • 13:09 – Andrew shares how his cash flow works with his property in San Diego
  • 13:45 – Andrew names software that he uses other than Revestor
    • 13:50 – AirDNA is where you can buy reports of any city
    • 14:23 – Mashvisor use to search for rental properties
  • 14:45 – You can use analytics and research by  Revestor to get into the market
  • 15:50 – Standard percentage for payment fees
  • 16:30 – Nathan makes an offer to Andrew
  • 17:55 – Email Andrew to connect with him
  • 20:05 – The Famous Five

 

3 Key Points:

  • Find the right investment and STUDY it as best as you can.
  • Go to someone who is an expert in a market that you want to be in.
  • Stay independent as long as you can.

 

Resources Mentioned:

  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel
  • Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to the quality of Toptal
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
  • The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens and follow-up with email sequences
  • [email protected] – Andrew’s email address
  • Show Notes provided by Mallard Creatives
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