Airbnb Freedom Fast Track by Jonathan Farber is an online training program that teaches you to get your first Airbnb property within 90 days and how to automate your business so that you're not working in your business like an employee.
Jonathan's training covers more than just how to start Airbnb arbitrage. You'll learn about co-hosting, extended stays, partnerships, how to get a property through creative financing, and how to hire virtual assistants so you spend your time managing your business.
This Airbnb Freedom Fast Track review will reveal if the Airbnb business model allows you to make money online passively each month and how it compares to owning, ranking and renting digital properties with the local lead generation business model using free traffic on Google.
Pros
Jonathan makes multiple 6-figures in revenue as a property manager.
Jonathan's team helps you get into the best cities for Airbnb arbitrage.
One live coaching call on Zoom each Monday at 6pm.
Jonathan shows you which credit cards are the best to use in your Airbnb business.
Cons
Running an Airbnb business is far from passive, with all of its moving parts, which include buying all the furniture and managing the online listing.
A recession or global pandemic can stop you from making any money with Airbnb.
People can damage your rental property, causing you to spend time repair the property while not making money.
Price
They give you the price when you speak to them over the phone after applying.
Refund Policy
Action-based, money-back guarantee in 90 days plus $1,000.
Training
10 training modules covering all aspects of getting started renting properties with Airbnb. They provide you with many templates that help you with landlord & co-hosting outreach and guest messaging. They provide you with tools, checklists and spreadsheets to go along with your video training.
Group
Private Facebook community for questions.
Origin
Jonathan started making TikTok, Instagram, and YouTube videos about how to land a property in 90 days. He put this course together because there was a demand for his content in a training platform.
Reputation
Jonathan Farber has a good online reputation with over 200K followers and subscribers across all social media platforms.
Top 5 Challenges Airbnb Hosts Face
1. High startup costs
According to Jonathan, if you're going to purchase a property, you only need 10% down on a second home loan and 15% down when financing and furnishing costs. For Airbnb arbitrage, he says you only need between $5,000 and $7,000 to cover upfront costs, which include the first and last month's rent, furniture, and the deposit. This business model is not for those who don't have money ready to invest or people who are scared to get creative and look for financing options.
2. Last minute cancellations
Something that can frustrate Airbnb property owners is last-minute cancellations. Guests may have valid reasons for having to cancel their reservation. Therefore, hosts need to understand this is part of the business. To cut down on the number of last-minute Airbnb cancellations that don't have a legitimate reason, it's best to set clear cancellation policies on your listing.
3. Guests hosting parties
A tremendous problem many Airbnb hosts have dealt with since the inception of the company has been guests hosting parties. In August 2020, Airbnb announced a temporary ban on all parties and events for all listings. In 2022, they codified the ban as their policy. Even with the new Airbnb party policy, the possibility exists that guests are still going to throw parties if your Airbnb is in a touristic location, like near a college or University. This will happen even if you clearly state on your listing that parties are not allowed. You can't control everyone's actions while on your property until it's too late.
4. Noisy guests
Another challenge is noisy guests. This problem affects those hosts who own a condo, apartment or home in a residential area. You don't know how noisy your guests are until they set off your noise monitor and your neighbors or landlord complain. Airbnb recommends noise sensor devices to help you protect your space while also maintaining the privacy of your guests. An Airbnb sound monitor is a wise investment for anyone who is going to take this business serious because a landlord can stop doing business with you if you can't control your guests.
5. Damage to property
Damage to property is inevitable. At some point, someone will damage something resulting in you having to take the time to make repairs. Until the damage is fixed, depending on the type of damage, you may not rent your property, which will cut into your revenue and profit. Airbnb offers AirCover for Hosts, which provides hosts with $3 million in coverage in the event a guest damages your property. To get reimbursed for damage, you must take pictures to prove the damage occurred and file a request with AirCover for Hosts within 14 days of the guest checking out. Guests will have 24 hours to pay, but if they decline to pay or don't respond, you can involve Airbnb Support.
What do you learn inside of the Airbnb Freedom Fast Track?
In this module, Jonathan welcomes you to the program and gives you an overview of what to expect over the next 90 days.
Is Airbnb arbitrage legal?
Airbnb arbitrage is legal as long as the laws in the market you choose to go into allow it. Short-term rental laws are often changing across all markets, so to ensure you are legally compliant, you must do your due diligence before jumping into any market.
In this module, Jonathan teaches you how to analyze different markets and neighborhoods to see which will be profitable for an Airbnb property. He shows you what things to look for
How to find rental arbitrage properties?
To find rental arbitrage properties:
- Look on sites like Zillow for opportunities
- Look on Google or Facebook for landlords that are open to sub-leasing
- Reach out to Airbnb hosts that have poor listings who can use your help
- Seek help from local real estate agents
In module 3, you learn about all the properties you can invest in to use as Airbnb rental properties. Jonathan shares what his investment criteria is and what types of properties you should stay away from.
Jonathan explains how much money you're going to need to invest to acquire your rental property.
In module 5, you learn what exactly happens when you are under contract with a rental property. Jonathan goes over what you can and cannot do with your rental property at this stage of the game.
After you've acquired your rental property and have furnished it, it's time to go live with your listing so you can begin renting your property out and making money.
In module 7, Jonathan shows you how to put your listing together, paying attention to all the optimization strategies required to have your listing show up at the top of the Airbnb search results.
This module covers everything that will help you automate your Airbnb business so you won't have to monitor listings and reservations all day. Jonathan shows you how to outsource the work to virtual assistants just as he does.
In module 9, you learn how to take your listing and promote it on other rental property sites such as VRBO and Booking.com to increase your chance at fully booking your properties.
The final module in this course is one where Jonathan explains the different paths you can take with your Airbnb business. Arbitrage is...
Co-hosting is....
Extended stays are...
Who is Jonathan Farber?
Jonathan Farber is a successful online entrepreneur and Airbnb investor from Nassau County, New York. In 2011, he attended Hofstra University in Long Island, New York for a bachelor's degree in marketing. He also competed in Division 1 college golf tournaments.
Jonathan worked at NetApp for almost 6 years working as a sales development representative, virtual account manager and account executive. Over time, he didn't enjoy working there anymore, though he was making a 6-figure income. He started looking for another way to make money without having to live a 9-5 life.
In 2020, he began his real estate investing career. To date, he's built an Airbnb portfolio that generates over $25K per month in revenue. In 2021, Jonathan founded his company, Millennial Millionaires Through Real Estate (MMTR) where he sells courses that teach how to make money with Airbnb and podcasting. Currently, Jonathan makes over $50K per month in revenue and lives in MedellÃn, Colombia.
Jonathan has over 144K followers on his TikTok account.
On December 2019, Jonathan started the Millennial Millionaire Real Estate Podcast where his over 275 episodes provide tips and tricks every week on how to reach financial freedom with real estate. Each week, Jonathan's podcast averages over 2000 downloads.
Jonathan Farber Net Worth
Jonathan Farber has an estimated net worth between $300,000 and $750,000 if you factor in the $25K he makes each month on Airbnb and the thousands of dollars he makes from his online course.
Airbnb Freedom Fast Track Success Stories
Adam found success with Jonathan's course. His first property was the second home loan he got in Salt Lake City and pays him $4,000 per month. Adam didn't stop there as he created his second listing in California for extended stays and generated $8,000 per month. He is currently working on his next property to continue bringing him passive income every month. This was all possible because of the training Jonathan provides.
One of Jonathan's close friends started with house hacking. He bought his first property at 3.5% down, lived in it and rented out the other room. He purchased two 2nd home properties which pay him $6,600 every month. This success has allowed him to become financially free and invest in new properties to increase his cash flow.
Is Airbnb Freedom Fast Track worth buying?
Airbnb Freedom Fast Track is worth buying because Jonathan Farber teaches you how to get started Airbnb and how to run your business efficiently. He's made multiple 6-figures in this business model and is currently helping thousands of people do the same.
They provide you with all the training and tools you need to make this business work for you and there's even weekly coaching where you can have any of your questions answered. There are many students who have taken what Jonathan has taught them and started making thousands of dollars per month as Airbnb hosts.
Airbnb Freedom Fast Track Alternatives
Beyond BnB Secrets by Dr. Chau is a popular Airbnb course. This course is not like any other because Dr. Chau specializes in subletting corporate housing on Airbnb instead of a short term rental or a vacation rental. This method is like a niche within a niche and one that few people are doing. They offer no refund policy, but if you don't book your first property within 30 days, they will pay for your first month's rent.
Price: The price of Beyond BnB is given to you on the discovery call.
More Info: Beyond BnB Review
Airbnb Arbitrage Roadmap by Preston Seo is a comprehensive video course offering aspiring entrepreneurs a step-by-step guide to building a profitable Airbnb business through rental arbitrage. While the primary focus is on Airbnb, the course also covers managing short-term rentals on other platforms such as Vrbo, Homestay, and Booking.
Price: $2,500
More Info: Airbnb Arbitrage Roadmap Review
Robuilt Host Camp 3.0 by Robert Abasolo is a high quality course that comes with a step-by-step, 3-month course and a 1 year mentorship. You'll learn how to create an Airbnb business in uncommon markets such as national parks and glamping.
Price: The price of Robuilt Host Camp is given to you on the discovery call.
More Info: Robuilt Host Camp Review
For a more complete list of alternative courses, read my article listing the top Airbnb courses.
Is Airbnb arbitrage profitable in 2024?
Airbnb arbitrage is profitable in 2024 because, according to Tourism Academy, in 2021, Americans were taking over 2.29 billion domestic trips each year. That number continues to rise, which allows you the opportunity to make money as an Airbnb host. As long as you understand the challenges hosts face, have the money to lease or purchase and furnish a property in a prime location, and don't mind managing a team, you can make money.
The problem with Airbnb is that upfront costs are high and there are many moving parts from managing bookings, your listing, team, and your physical property. You also can't control what people do while on your property and your mind is always worried about your property.
If another pandemic similar to the COVID-19 pandemic were to occur, no one with an Airbnb property would make money. That's the risk you take these days.
Another problem with starting an Airbnb business is that there is a lot of competition from the thousands of other short-term rental properties on Airbnb, VRBO, Booking.com and more. You are also going up against large hotel chains. It is far more difficult to make money on Airbnb than the gurus make it seem.
Renting physical properties is not as profitable per property as it is with renting digital properties.
Owning digital real estate with local lead generation is more passive than owning an Airbnb
Digital real estate with local lead generation requires a much less initial investment and you can see a 95% profit margin.
You are also in more control of your business because you choose the niche to generate leads for, how to rank your property on Google, what local small businesses you'll send leads to and how much your client will have to pay you every month.
My tree care site in Grand Rapids, Michigan, has paid me $2,000 every month ever since I built in over 7 years ago. I got in the tree care niche, chose the business to work with, and I told them it was going to be $2K per month for exclusive leads after having sent them leads in advance to open their appetite.
With digital real estate, you will still make money during a pandemic by going into pandemic-proof niches such as plumbing, HVAC, and medical supplies. You also don't have to worry about filing any damage claims because no one will damage your digital property.
The benefits of creating and renting your digital property far outweigh those of being an Airbnb host.
To learn how to create digital properties that are more passive and profitable than hosting on Airbnb, check out the local lead generation training program.
