James Svetec’s BNB Mastery Review: Unpacking the Mastery Program, Inner Circle, and Hosting Accelerator

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James Svetec’s BNB Mastery Review: Unpacking the Mastery Program, Inner Circle, and Hosting Accelerator

August 28, 2024

BNB Mastery is an Airbnb e-learning platform by James Svetec, offering three distinct courses: BNB Mastery Program, BNB Inner Circle, and BNB Hosting Accelerator. These courses provide in-depth insights into Airbnb property management, short-term rental investing, and Airbnb hosting, respectively. The modules for each program are beginner-friendly and organized well. But they give the best value to people who’ve already started their own Airbnb business or short term rental business.

Given Svetec’s reputation as one of Airbnb’s top 1% performers and a co-author of Airbnb for Dummies, the courses claim to teach invaluable strategies responsible for over $5 million in annual bookings. BNB Mastery Program, in particular, promises to help you make a full-time income managing other people’s properties on Airbnb. And BNB Inner Circle guarantees that you’ll get a minimum of $30,000 increase in equity and cash flow in less than a year.

In this BNB Mastery review, we’ll dissect each online course in the platform and delve into James Svetec’s claims, so you can decide if BNB Mastery is your best option to enter the burgeoning $78.43 billion property management market. We’ll also look into James Svetec’s background, unpack the downsides to managing other peoples property, and enumerate Airbnb course alternatives. Whether you’re a beginner or an experienced real estate investor, read on to find out if BNB Mastery could be the stepping stone to your financial independence.

BNB Mastery Review: Pros and Cons

Pros

Experienced and Reputable Instructor: James Svetec is an experienced Airbnb host; he’s one of the platform’s top 1% performers and also a co-author of Airbnb for Dummies, a book with valuable insights about building an Airbnb business.

Structured, Easy-to-Understand Content: The course provides a step-by-step guide, complete with scripts and tools, making it a comprehensive resource for both beginners and experts in real estate.

Mentorship and Community Support: Students testify to BNB Mastery’s robust community and mentorship program, which are crucial for success in managing peoples property on Airbnb.

Low-Cost Startup: You don’t need to own or rent properties to start, so it’s a viable starting point if you want to get into real estate or short term rentals.

Location-Independent: The strategies taught in the BNB Mastery Program allow you to manage multiple properties remotely, offering flexibility that’s rarely seen in traditional real estate investing.

Cons

Small Community: With just over 700 students enrolled, the community size lags behind competitors like Robuilt Host Camp, which has at least 2,000 members in their mentorship program.

Expensive: The upfront costs for the BNB Mastery Program and Inner Circle are pretty steep, so if you’re not committed when enrolling, it’s just going to be a waste of money.

Free Alternatives Available: Websites like LearnBNB (also by James Svetec) offer free information about running a profitable Airbnb business and similar topics.

Not Entirely Passive: Contrary to their promise of passive income, managing Airbnbs through the strategies taught requires considerable time and effort. You’ll eventually get to a semi-passive or passive state, but the early stages of your business will be almost like a full-time job.

Lack of External Reviews: While there are numerous video testimonials on BNB Mastery’s official site, there are almost no reviews from independent external sources.

Reputation

James Svetec is a reputable real estate expert and has worked with industry legends like Robert Kiyosaki. His BNB Mastery Program is also one of the best Airbnb property management courses out there. However, the main platform, BNB Mastery, isn’t BBB-accredited.

Refund Policy

BNB Mastery Program has a 14-day money-back guarantee but the refund policies for BNB Inner Circle and BNB Hosting Accelerator are undisclosed.

Community

There is a BNB Mastery community called the BNB Mastery Community, which is a private Facebook group for students enrolled in the BNB Mastery Program.

Website

The internet address for BNB Mastery Program is bnbmastery.com.

Phone Number

The phone number for BNB Mastery Program is (747) 225-2371.

Unpacking Each BNB Course Inside BNB Mastery

1. BNB Mastery Program

BNB Mastery Program is a 6-week online course that teaches you how to establish an Airbnb property management business. You don’t need to become a property owner, nor do you need to rent or furnish any property. Instead, you work as a property manager, taking care of marketing, maintenance, and tenant interactions for other property owners.

The program helps you earn a full-time income by managing other people’s Airbnbs. It also promises to teach you automation and outsourcing to make your business semi-passive, with field-tested strategies responsible for over $5 million in annual bookings. Furthermore, the BNB Mastery Program is a lifetime membership, so you have access to future updates and market trends. Their teachings are also applicable wherever you live, so you can still become successful even if you don’t live in a major city or popular tourist destination.

The US property management market is on the rise, with a valuation of $78.43 billion in 2023 and a forecast to reach $95.13 billion by 2028, according to Mordor Intelligence. This program is a great entry point into this lucrative industry. What makes Airbnb property management so great compared to traditional real estate investing is the higher profitability because of variable nightly rates and more frequent turnovers. So, some real estate investors are more open to investing in short-term over long-term rentals, and therefore, make great clients.

This business model is different from rental arbitrage because you don’t need to lease or own property, which cuts down initial investments and financial risks. While rental arbitrage involves renting a property to sublet it on platforms like Airbnb, here, you’re simply providing vacation rental management services to existing property owners. And unlike traditional rental property models, you’re not bound by location. You can manage properties remotely, even if Airbnb doesn’t operate in your city.

How Much Does BNB Mastery Program Cost?

BNB Mastery Program costs $1,997 with an option for 5 installments of $597 if you want to spread out the financial commitment. The course also has a 14-day 100% money-back guarantee. The high price point was a common concern among the course’s enrollees, according to the website’s video testimonials. However, all of them agree that the value justifies the cost.

What’s Inside BNB Mastery Program?

Proven Step-By-Step Processes: The 6-week program covers everything from finding potential clients to turning your Airbnb property management business into a passive income stream.
Tools and Templates: The BNB Mastery Program provides practical tools like their Client Conversion script, automation systems, and worksheets that help you implement the course’s lessons in the real world. You also get performance-tracking spreadsheets, set-up checklists, messaging templates, and photography guidelines, so you have everything you need to operate your business.
Access to the BNB Mastery Community: Enrollees get access to a global network of aspiring and experienced Airbnb property managers and hosts.
Expert Mentorship: This program provides 24/7 access to world-leading Airbnb experts via Facebook and bi-weekly Q&A sessions with James Svetec.
Bonuses and Perks: On top of lifetime access to all resources, you receive $1,500 in savings on Airbnb-related products and a $400-value interior design training. And if you manage to sign 5 properties, you earn a free ticket to an annual in-person mastermind event.

BNB Mastery Program course content and curriculum

BNB Mastery Program Curriculum

Week 1: Building Your Foundation

Week 1 is all about the fundamentals of Airbnb property management. Here are the 6 modules for this week:

Module 1 - Laying Your Foundations: This introductory module addresses the common pitfalls to avoid and how to set goals for your Airbnb property management business.
Module 2 - Taking a 30,000 ft View: This module lays out the 4 key factors for success and provides a BNB formula for making at least $100,000 a year.
Module 3 - Understanding Natural Law: This video discusses the concept of “Natural Law” and the “BNB Management Master Equation.”
Module 4 - Choosing Your Destination: Here, you’ll focus on defining clear business goals and structuring a plan to achieve them.
Module 5 - Plotting Your Journey: You’ll dive into selecting a niche, explore different service offerings, and learn how to craft your Minimum Viable Offer (MVO).
Module 6 - Researching Your Market: This module teaches how to pick the right location for your business, understand the legal landscape, and analyze key financial metrics.

Week 2: Creating Transformation

This week is all about mindset. Here are the 4 modules:

Module 1 - Setting Intentions for Transformation: This module is all about transformation and setting intentions to succeed in your business.
Module 2 - Understanding Self: Here, you’ll dive into self-assessment by defining your current identity and understanding its origin. You’ll also identify the gaps that could hinder you from achieving your goals.
Module 3 - Harnessing the Forces at Play: In this module, you’ll explore the external and internal forces that either obstruct or propel your progress.
Module 4 - Hacking Your Mind & Mastering Your Character: You’ll receive strategies on how to intentionally reprogram your mindset. You’ll also learn key concepts like synchronicity and confirmation bias.

Week 3: Client Conversion

Week 3 of the BNB Mastery Program zeroes in on client conversion. These are the modules:

Module 1 - Understanding Sales: This module tackles myths about sales and aims to build your sales acumen through ethical conversion techniques.
Module 2 - Crafting Your Offer: This module outlines how to set up your Conversion Value Deck, Profitability Projection Tool, and Client Agreement.
Module 3 - Crafting Your Presentation: Module 3 guides you on how to structure and conduct meetings with property owners. It also introduces the Need Satisfaction Sales Cycle and details the steps for property onboarding.
Module 4 - Mastering Your Sales Skills: This module will help sharpen your tactical sales skills, so you can solve client problems efficiently. It also discusses the art of presentation, closing deals, and reframing objections.
Module 5 - Avoiding the Pendulum of Doubt: You’ll address the common pitfalls in sales, like dealing with rejection, and you’ll learn how to use data as a tool for constant improvement.
Module 6 - Taking Your Offer to Market: This is a recap module of your progress so far.

Week 4: Client Attraction

In week 4, you’ll focus on client attraction and creating a reliable pipeline of new property owners, so you’re consistently generating high-quality appointments.

Module 1 - Understanding Client Attraction: You’ll learn how to attract clients by blending outbound and inbound strategies.
Module 2 - Crafting Your Message: This module breaks down the components of a compelling message to encourage property owners to set up meetings with you.
Module 3 - Assembling the Machine: This part guides you through choosing a business name, purchasing a domain, creating a minimum viable website, and establishing your business structure.
Module 4 - Tracking Your Results: This section is about data analytics, so you can monitor your performance.
Module 5 - Taking Your Message to the Market: This lesson covers 5 different methods for attracting clients, along with the steps for refining your messaging based on feedback.
Module 6 - Stacking the Deck in Your Favor: Here, you’ll learn pre-qualification and pre-closing techniques, as well as how to use the Ultimate Client Conversion Script.
Module 7 - Maintaining Consistency: This chapter talks about client attraction and how consistent action is better than intense bursts of action.

Week 5: Making the Car Run

Week 5 is about becoming an Airbnb host that outperforms the competition. You’ll learn how to maximize your management fees, boost listing performance, and ensure your guests are satisfied.

Module 1 - Understanding the 80/20 of Performance: You should focus on the 20% of actions that will drive 80% of your Airbnb properties’ optimization and success.
Module 2 - Understanding Airbnb’s Algorithm: This module explains the mechanics of Airbnb’s algorithm and how to use this knowledge for listing performance and troubleshooting.
Module 3 - Onboarding & Setting Up Properties: You’ll be guided through efficiently setting up new listings, prepping properties for Airbnb, and selecting appropriate insurance policies.
Module 4 - Mastering Photography: You’ll learn how to capture quality photos and how to pick an impactful cover photo for your Airbnb listings.
Module 5 - Creating the Perfect Listing: This part outlines the steps for crafting a compelling listing description and headline that attract your ideal guests.
Module 6 - Mastering Pricing: Understand how to set a long-term pricing strategy, manage seasonal changes, and use analytics tools to hit performance targets.
Module 7 - Mastering Guest Services: This lesson shows how to optimize each stage of guest interaction from pre-check-in to checkout for positive guest experiences leading to 5-star reviews.

Week 6: Automation & Outsourcing

In Week 6, you’ll pivot your role from an active business operator to a business owner, where you’ll only focus on high-leverage activities by automating and outsourcing daily tasks.

Module 1 - Understanding Operations at Scale: Automation helps grow your team and business. In this module, you’ll cover how to lay the groundwork for removing yourself from day-to-day operations.
Module 2 - Monitoring & Managing Your Finances: You’ll need to track your finances regularly, so you’ll be introduced to tools and practices that can help you track finances for only a couple of hours per month.
Module 3 - Setting Up Mission Control: This module introduces channel managers and dynamic pricing software as key tools for automating your business operations.
Module 4 - Putting a Cleaning Team in Place: You’ll learn how to optimize the turnover process between guests and how to recruit and manage a reliable cleaning team.
Module 5 - Finding a Gofer: This module describes the role of a Gofer in your business and how to find and train a good Gofer.
Module 6 - Hiring Your Guest Communication Team: In this section, you’ll master guest communications and assemble a team dedicated to this task.
Module 7 - Focusing on High Leverage Activities: This is a reflective module to assess your current standing and suggest the next steps for business growth.

Week 7: Bonus Week

Week 7 serves as a bonus week that dives deep into lucrative niches, offers additional revenue streams like interior design, and gifts you over $1,500 in exclusive discounts.

Module 1 - Real Estate Investor Niche: This module explains the full-service management potential of targeting real estate investors. It also features tools like the Niche Definition Worksheet, Crafting Your Offer Worksheet, and Message Hypothesis Worksheet.
Module 2 - Vacation Home Owner Niche: Pre-check-in management is a great key service offering for vacation homeowners. You’ll learn more about this niche in this module.
Module 3 - Earning Additional Income (Interior Design): This module details how you can make an extra $500 - $3,000 per property through interior design services.
Module 4 - Over $1,500 in Discounts & Savings: The BNB Mastery Program offers exclusive discounts on Airbnb-related products and services.
Module 5 - Free Copy of Airbnb for Dummies: Enrolling in the program also includes a free copy of Airbnb for Dummies by James Svetec and Symon He.

BNB Mastery Program Reviews

BNB Mastery Program reviews online are mostly positive, with the official website brimming with 54 video testimonials lauding the program’s comprehensiveness and structure. The program’s students come from diverse backgrounds—like nurses, Starbucks workers, and experienced real estate investors—and they all testify that the program is actionable and complete with the necessary tools to launch an Airbnb property management business. Some students, like David Herrera and Cees Hofman, report tangible results, such as improved earnings from existing rentals and gaining new clients.

On the other hand, discussions on Reddit caution against the program, branding it as a “money trap” and arguing that real-world experience is a better teacher. There’s also skepticism revolving around why anyone would let a stranger manage their Airbnb, which is the very premise of the course. Note that the Reddit comments regarding BNB Mastery Program aren’t from actual students.

You can make an average of $50,000 per year with the BNB Mastery Program. However, most Airbnb property managers charge a commission on the property’s rental income for their services, so your earnings are based on how many properties you manage and their rental value. Commission rates range from 5% to 25%, depending on your services and experience.

2. BNB Inner Circle

BNB Inner Circle is an elite training program for serious investors in the short term rental industry. Designed by James Svetec and Riley Oickle, this course combines pre-recorded lectures with private mentorship to walk you through investing in a short term rental property. James helps members identify lucrative vacation rentals to invest in, while Riley specializes in acquisition and property management.

The benefits of following a short term rental course are gaining a competitive edge and scaling your business effectively. In a market expected to reach $19.39 billion in revenue in 2023 according to Statista, knowing the ins and outs of running a short term rental business is critical for long-term success. BNB Inner Circle helps you stay ahead by offering hands-on coaching that covers everything from market analysis to property management. They even guarantee results, promising at least a $30,000 increase in equity and cash flow within a year, which is backed by numerous testimonials.

How Much Does BNB Inner Circle Cost?

BNB Inner Circle costs are undisclosed and determined on a case-by-case basis following a 45-minute strategy call with their team. In the call, the Inner Circle team will evaluate your profit potential, find out if you’re fit to work with their investment model, and audit your current investment strategies.

What’s Inside BNB Inner Circle?

Inside BNB Inner Circle, you’ll get access to a pre-recorded course and hands-on coaching from James and Riley, who’ll teach you their 3-step STR investing process:

You’ll learn a proven method for analyzing markets and sniffing out profitable deals.
You’ll learn how to secure properties and structure deals.
You’ll establish a system for maximizing returns while maintaining control over your short term rental property—setting you apart from stock market gambles where you have no control.

BNB Inner Circle Reviews

BNB Inner Circle reviews are largely positive, but all the video testimonials for this program can only be found on the official website. Most students highlight the accessibility of the mentors and the course’s tools (like the Target Occupancy Tracker for optimizing your property’s pricing) as the most valuable features of the program. They also praise the private Inner Circle community and frequent coaching calls.

In some testimonials, students talk about their wins. For instance, one student acquired 4 short-term rentals after joining the program. Another was able to reach $500,000 worth of bookings. However, most enrollees who’ve achieved results are experienced real estate investors, longtime Airbnb hosts, or existing property owners. The verdict is still out for beginners who joined the program, like Mark and Carrie Rauch, who don’t even own a property yet. All in all, BNB Inner Circle can help you grow your Airbnb business if you’re engaged in the program. You have to be proactive in following their strategies, otherwise, you’re only wasting money.

While nothing compared to BNB Inner Circle’s social proof so far, there is a Better Business Bureau complaint about high-pressure sales tactics and refund requests that weren’t met. This complaint ended up being resolved.

3. BNB Hosting Accelerator

BNB Hosting Accelerator is a 4-week Airbnb course that teaches you how to become a top-performing Airbnb host by maximizing your property’s profitability and guest satisfaction. You’ll learn how to attract potential guests, dominate your market, and run a successful vacation rental business.

This course is backed by proven strategies tested across 100+ global listings and has been adopted by hosts in over 31 countries, generating over 5,000 satisfied guests. James Svetec partnered with his co-author, Symon He, to create this program.

According to BNB Hosting Accelerator, the best Airbnb hosting business success roadmap includes:

Understanding the basics of how Airbnb operates
Creating an appealing listing with professional photography and compelling sales copy
Optimizing the performance of your Airbnb listing
Streamlining operations through automation and outsourcing

How Much Does Hosting Accelerator Cost?

Hosting Accelerator costs $497, but discounts sometimes reduce the price to as low as $72. Some people purchase this course and resell it online for cheaper. While it’s tempting to consider third-party websites offering the course at steeply discounted prices–even as low as $24–these sites aren’t only questionable but purchasing from them is unethical.

What’s Inside BNB Hosting Accelerator?

Inside BNB Hosting Accelerator, you’ll find James Svetec and Symon He’s methodical approach to Airbnb that has undergone years of rigorous testing and refinement. The course offers many similar bonuses to the BNB Mastery Program, such as checklists, messaging templates, and photography guidelines.

BNB Hosting Accelerator Content and Schedule

Week 1: Understanding the Basics: Week one lays the groundwork with an introduction to how Airbnb operates and how to maximize the platform.
Week 2: Preparing for Launch: The second week is all about getting your listing off the ground. You’ll learn property setup, securing eye-catching photos, and crafting a stand-out listing.
Week 3: Optimizing Performance: Week 3 aims to ramp up your listing’s performance by teaching you how to maximize earnings and manage your finances.
Week 4: Streamlining Operations: Efficiency takes center stage this week as you learn to streamline operations through automation and outsourcing, including choosing the right management software and training a cleaning team.

BNB Hosting Accelerator Reviews

BNB Hosting Accelerator reviews are practically nonexistent online compared to the platform’s other two courses: BNB Mastery Program and BNB Inner Circle. This is the least popular course among the three. While this doesn’t necessarily mean that the course is a bad investment, it does limit its credibility, especially if you depend on peer reviews to gauge a course’s effectiveness.

Who Is the Founder of BNB Mastery?

James Svetec is the founder of BNB Mastery and co-author of Airbnb for Dummies. He’s a self-made entrepreneur with a rocky but resilient journey that started from running lemonade stands in his hometown of Peterborough, Ontario, to generating $250,000 in his first 2 years at a student painting business in Ottawa.

James is now an Airbnb expert, joining the ranks of real estate influencers like Robert Kiyosaki, with whom he has collaborated on short term rental investments. His expertise has been showcased on various real estate media platforms, including Toronto’s #1 Real Estate Podcast and the Property Profits Real Estate Podcast.

Riley Oickle is James’s partner in BNB Inner Circle. He’s a real estate expert with a background in deal sourcing, renovations, and property management, with over 70 properties in his portfolio. He has built multiple successful contracting businesses from the ground up, and he also works as an active mentor within BNB Inner Circle.

Symon He is a real estate entrepreneur, instructor, and James’s partner in BNB Hosting Accelerator. He has taught over 600,000 students globally across platforms like Udemy, LinkedIn Learning, and Entrepreneur.com.

Symon is based in Los Angeles, California, and he’s also a licensed real estate broker and consultant who previously held roles like Head of Marketing Analytics at Panda Restaurant Group. He has dual degrees in computer engineering and economics from UC Irvine and an MBA from Stanford University. Airbnb for Dummies is a comprehensive Airbnb hosting guide that Symon co-authored with James. The book is a roadmap for hosts to optimize listings, perfect pricing, and enhance guest experiences.

James Svetec’s Airbnb Journey

James Svetec’s Airbnb journey started when his watch business, Pursuit Watches, failed and left him $20,000 in debt and unemployed. Despite this, he bought a one-way ticket to Thailand. After spending 3 months there, he started another crowdfunding campaign to sell his watch store’s remaining stock. This campaign raised CAD 26,653, well beyond his initial $3,000 goal, which salvaged his finances.

However, it was his pivot to the service-based Airbnb model in 2017 that became his turning point. In just 12 months, he was managing 40 properties in Toronto, several of which ranked in the top 1% among 14,000 listings. This made him an expert in the field, and when people started seeking his advice, he decided to return to coaching, which led to the launch of the BNB Mastery Program.

James Svetec’s Claims

1. You can earn a full-time income managing other people’s properties on Airbnb

This is James Svetec’s main claim for the BNB Mastery Program. And, yes, you can make a full-time income managing other people’s properties on Airbnb. According to KeyData, the short-term rental industry had a 21.6% increase in revenue per available room and a 16% annual jump in demand for short-term rentals in 2023. So, there’s still significant money to be made managing vacation rental properties for other people.

To achieve financial independence on Airbnb, start by controlling properties without necessarily owning them, which can be done with this business model. Focus on high-demand areas and once you’ve established a portfolio, automate your operations to free up time and scale your business.

2. The BNB Mastery Program is the world’s best training on Airbnb property management

James Svetec claims that the BNB Mastery Program is “the world’s best training on how to get started managing other peoples property on Airbnb without buying, renting, or furnishing any properties.” This is ultimately going to be subjective, but it is one of the most popular Airbnb property management courses out there.

However, there aren’t a lot of these courses to begin with. Most Airbnb courses teach Airbnb arbitrage or hosting. There are official property management courses (with certifications), like the Certified Apartment Management Course by the National Apartment Association (NAA) or Penn Foster’s Property Management Certificate Course, but they’re more general and don’t go in-depth into building a property management business around Airbnb. There are also co-hosting courses, like Bailey Kramer’s Airbnb CoHosting Mini-Course, but they’re not as structured or have the same amount of support that’s in the BNB Mastery Program.

3. BNB Inner Circle will give you at least $30,000 in additional equity and cash flow within a year

BNB Inner Circle promises at least $30,000 in additional equity and cash flow within a year. Given that the short-term rental market is strong and growing, with an occupancy increase of 17.6% this year, the claim seems feasible for those committed to applying the strategies taught.

Issues with James Svetec's Main Claim: What Are the Downsides to Managing Other People’s Properties on Airbnb?

The downsides to managing other people’s properties on Airbnb include the lack of a set routine and the high demands of the role. Property management isn’t a set-and-forget operation. Tenant issues can be unpredictable and demanding, sometimes requiring immediate attention. You’ll also need to be familiar with local rental laws and implement effective lead-generation strategies to attract new clients. So, while you can make a full-time income with Airbnb property management, it’s not passive income. And, if you’re managing only a few properties, it’s difficult to create a consistent flow of money.

There are other ways to make money on Airbnb without owning property that don’t have the problems that come with Airbnb property management. Rental arbitrage is the most popular one, because you at least get 100% of the rental income, whereas in property management, you only get a percentage.

What Are the Characteristics of a Good BNB Masterclass?

The characteristics of a good BNB masterclass are structure, specialty, and authority. A compelling course teaches a proven, step-by-step system, ideally by a creator who’s already successful in running a profitable Airbnb business. It should also be tailored to specific needs.

For instance, Rob Abasolo’s Robuilt Host Camp specializes in using small spaces, making it an ideal Airbnb course for people with limited property. Moreover, a reputable online course should also offer community support and mentorship, like the BNB Mastery Program, to help students seek expert advice.

BNB Mastery Program Alternatives

The BNB University Course by Chi Ta: This course is a comprehensive 3-tiered program that covers Airbnb business scaling, property management, and rental arbitrage. The first level of the course is free and showcases how Chi went from zero to $2.4 million in profits within 9 months.
Vacation Rental University by Micah Berg: This online academy aims to elevate your vacation rental business with proven systems, tools, and industry trends. The platform also offers free lessons.
STR Profit Academy by Eric Moeller: This program targets intermediate to experienced short-term rental hosts. It’s an exhaustive guide on how to remain competitive and how to scale your profitability.
Vacation Rental Secrets by Antonio Borlotti: This course has trained over 17,000 rental entrepreneurs worldwide with its online training and one-on-one consulting. It’s also the host of the Vacation Rental World Summit.

What Is My #1 Recommendation To Make Money Online In 2024?

Local lead generation is my #1 recommendation to make money online in 2024. Despite the appeal of Airbnb property management detailed in James Svetec’s BNB Mastery Program, some challenges make this business model less than ideal. Yes, you can make a full-time income while working remotely as an Airbnb property manager. But you’re ultimately tied to the unpredictable challenges of tenant management, maintenance issues, and fluctuating rental rates. Your revenue here is also commission-based, which has its upsides, but it can make cash flow inconsistent.

When it comes to startup costs, local lead generation requires only $500 to construct and rank a site, which can then yield profits ranging from $750 to $2,000 monthly for years. In comparison, an Airbnb property demands a substantial down payment for a home or apartment (roughly $26,000). With Airbnb hosts making $924 per month on average, your ROI will take months to just break even. With local lead generation, you're looking at a significantly higher return on investment, reduced risk, and no tenant and maintenance-related nightmares that arise with short-term rental properties. Local lead generation works with digital real estate, and you're simply generating high-quality leads for local businesses and essentially helping them make money.

Unlike Airbnb property management or short-term rental investing that require you to focus on high-demand areas for profitability, local lead gen can be implemented almost anywhere and scaled more seamlessly. You can also generate a more consistent and passive income by building trust with search engines and building high-converting websites. If you want to dive into a less risky, more manageable venture, check out this comprehensive lead gen coaching program.

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