something like: “Hi! I have a company that helps va- cation rental owners connect with more international tourists. We have clients all around the world reaching out to us daily looking for apartments for rent. You live in a prime location where we compete very well. We pay 100 percent of your asking price and take zero commission! May we help you by sending more busi- ness your way?” Once you've gotten a confirmation from them, you need to collect the information. You're going to collect photos of the unit, rules for the apartment, and rules for the building. This would be rules like number of guests, noise level, and smoking rules, for example. You will also collect their list of amenities, like washer and dryer, Wi-Fi, air conditioning, distance from the beach, gym, and so on. Once you have this data, you are ready to list the unit on Airbnb. Once you have an apartment listed, you will start get- ting questions, requests, or even immediate bookings based on how you have this set up. Because you aren't 100 percent in control of the unit, I recommend that you authorize each purchase instead of allowing instant booking. When you allow instant bookings, you risk a double booking. Without having the complication of teaching owners how to use a shared calendar and still having instant booking, you have the financial leverage for authority on those bookings. It will only cost a bit more of the fee you charged via the booking platform. This is the easiest form of real estate income to lever- age in today's market. It is scalable. It is simple. It is efficient. And you can literally get started finding apart- ments faster than it has taken you to read this article. You simply need a bank account and a cell phone to create these opportunities, but you should set up a corporation by year-end for tax purposes. The income is residual. One apartment alone can easily net over $1,000 a month. Then, your profits can increase when you start talking about three- or five- day bookings. Once that happens, you're looking at making up to a couple thousand a month for every vacation property you list on your account. An- other thousand dollars in passive income every month is a big deal. Especially when you can multiply it at will. • Nick Veira is the founder of FromRagsToRentals.com and a partner at Alpha Home Flipping. At age 25, Nick ran a consulting/venture capital firm in Las Vegas, NV, and for over 10 years, he’s been training and scaling teams, strategizing and managing advertising and streamlining operations for various corporations worldwide. He’s managed and scaled companies specializing in nutrition, stock trading SAAS, wealth management, real estate marketing & education, outsourcing, and more. He’s currently a digital nomad who travels the world while running his business and is deeply passionate about teaching people that success is achievable by anyone, anywhere. Nick can be reached at FromRagsToRentals.com or Info@fromragstorentals.com.
Shipping container rentals in the Netherlands.
Can you imagine a rental owner turning down an opportunity to get more clientele without having to pay a commission? I couldn't either! What makes international vacation rental arbitrage so great is that the owners will manage everything. You can now do the co-hosting with- out the headache of managing clients. And instead of 20 percent, you can collect up to 70 percent.
Exactly how does this work? I’ll use my current des- tination, Cartagena, as an example. Start by looking for rentals on the Facebook Marketplace. You'll want to go through them to find units priced between 1.2 million pesos (or $400) and 3 million pesos (or roughly $1,000). Once you’ve found your units, you're going to reach out to them through Facebook Messenger and say
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