Noelle Randall’s BnB Riches Review: Legit or Scam? Ugly Truths Revealed

July 31, 2023

BnB Riches is a four-module rental arbitrage course by Noelle Randall. It teaches how to make passive income from Airbnb without owning property. The course also covers other short term rental platforms like FlipKey, Tripping, and VRBO.

You won’t get rich with Airbnb arbitrage within a few weeks or months. But Noelle Randall claims that it’s possible to build a 6-figure business from it, even if you’re starting with no money, credit, experience, or connections.

Compared to traditional real estate investing, rental arbitrage is the cheaper option. But it’s not as easy as Noelle makes it sound. To succeed in this space, you’ll need to be skilled in:

  • Finding properties with consistent income potential
  • Negotiating with and securing permission from landlords
  • Dealing with local regulations

You’ll also have to shoulder financial responsibilities like repairs, cleaning, and furnishing. These can eat into your profits. And because you’ll have to manage multiple properties to make significant rental income, some of them may cost more than they earn.

This means that rental arbitrage isn’t beginner friendly. There are other passive income options, like local lead generation, that are less expensive, have higher profit margins (85-90%), and carry lower risk. In this business model, you'll be working with digital real estate instead of physical properties. This means you can avoid the high overhead requirements and potential for damages when working with physical real estate

Noelle Randall’s BnB Riches Review: Pros and Cons


Lifetime Access: You can revisit the content and resources whenever you need them.

Less Investment Required: BnB Riches requires less upfront capital compared to traditional real estate investment, making it more accessible for those with limited funds.

Great Advice: Noelle shares valuable advice and insights about Airbnb arbitrage and even real estate investing.

Opportunities in Countries with Active Rental Markets: The course can help you if you live in the US, UK, Europe, or other areas with active rental markets and tourist attractions.


No Refunds or Cancellations: The course has no refund or cancellation policy, which isn’t good if you’re unsatisfied with the content or decide it’s not right for you.

Labor-Intensive: BnB Riches teaches a labor-intensive business model that may require hiring a team to handle the workload, which can lead to unexpected costs and loss of profits.

Expensive for the Content Provided: Some customers feel that the course isn’t in-depth enough to justify the price.

Not Beginner-Friendly: There are less expensive and less risky options available.

Limited Freedom Over Properties: You don’t own the properties you rent out, so you have limited control over them.

Reports of Bad Customer Service: Some customers were dissatisfied with customer support’s unresponsiveness.


BnB Riches costs $1,997 and you get lifetime access to future updates

Refund Policy



Noelle Randall is a successful real estate entrepreneur, YouTuber, business coach, and author. She has helped people achieve financial freedom via real estate investing and Airbnb rental arbitrage

Overall Review: Is BnB Riches a Scam?

BnB Riches is not a scam. It teaches a legitimate business model that people have profited from. But is the course worth your money? Most likely not. Priced at $1,997, BnB Riches is cheaper than similar programs. However, it’s only 4 modules long and you can find the information taught there online for free.

It could be valuable for beginners because it covers the fundamentals of starting an Airbnb rental arbitrage business. So, if the cost doesn’t break the bank, you can learn a thing or two from Noelle Randall. However, if you know what to study to succeed in this business model (lease negotiations, managing peoples properties, etc.), you’re better off doing your own research.

How Much Does BnB Riches Cost?

BnB Riches costs $1,997. It seems steep, but it’s comparatively cheaper than similar programs. Some customers have claimed that the course’s content and length don’t justify the price tag. But some have said it contains good advice for beginners. Overall, don’t buy it if the price is too expensive for you. You’re not missing out on anything if you don’t buy the course. You can always self-study the concepts online.

Can BnB Riches Help You Build a 6-Figure Airbnb Business with Little to No Money, Connections, Credit, or Experience?

You can build a 6-figure Airbnb arbitrage business, but it’s almost impossible to do with little to no money, connections, credit, or experience. Succeeding in Airbnb arbitrage is harder than Noelle Randall makes it out to be.

How Much Money Do You Need to Start an Airbnb Arbitrage Business?

You need at least $10,000 to $20,000 to secure and furnish your first 2-3 units. You may have to spend more depending on the agreements you have with the property owner.

Noelle Randall herself says that if you don’t have money, you’ll have to leverage OPM (other people’s money). This means you’ll have to borrow from banks, hard money lenders, private money, or even the person you’re renting the home from.

In other words, you’ll be in debt. So, if you don’t have money in the first place, Airbnb arbitrage is pretty risky. Noelle Randall does teach you to start renting your own property so that you don’t have to pay rent, but this is not applicable to everyone. Even then, you may have to buy furniture to set up the space before listing it on Airbnb.

Do You Need Connections to Start an Airbnb Arbitrage Business?

You don’t necessarily need connections to start an Airbnb arbitrage business. But you’ll have an advantage if you already know people from the real estate industry and property owners to negotiate with.

Do You Need Good Credit to Start an Airbnb Arbitrage Business?

You don’t need to have good credit to start an Airbnb arbitrage business, but you’ll need excellent credit to leverage loans and scale fast. In this business model, you have to oversee multiple properties to generate a substantial income. Unless you have enough cash to sustain and grow your business in the next 2-3 years, you’re unlikely to reach 6 figures without using credit cards.

Do You Need to Be Experienced with Airbnb Arbitrage to Build a Successful Airbnb Business?

You don’t need to be experienced in Airbnb arbitrage to build a successful Airbnb business. However, you’ll have to learn sales and marketing, so you can negotiate good deals with landlords. You’ll also need those skills to excel as an Airbnb host.

What Do You Get in BnB Riches?

You get lifetime access to 4 modules about Airbnb arbitrage when you purchase BnB Riches. These modules cover the mindset you should have and how to start and scale an Airbnb business from scratch. Aside from that, you get this welcome bonus as well:

  • Noelle’s “Success Blueprint,” which is a short PDF with tips on how to become a better Airbnb host
  • Tools, templates, scripts, guides, and forms for streamlining your business operations
  • Five-star welcome messages that you can send your guests

BnB Riches Modules

Module 1: Starting a Six-Figure Business FAST

  • Understand the importance of having the right mindset to overcome fear and doubt in the rental business and Airbnb industry

  • The fundamentals to help you start your business

  • Learn how to find the best opportunities in real estate

  • Discover the strategies on how to leverage retail arbitrage to live rent-free

  • Acquire skills to generate leads effectively

Module 2: Getting Profitable Properties (For FREE)

  • Effective strategies for finding the best properties

  • How to assess a property’s profitability

  • Legal procedures associated with property rentals

  • How to evaluate rental profitability on Airbnb

  • Day-to-day operations of managing rental properties

Module 3: Prepare It and List It

  • How to effectively prepare and list your acquired property

  • Furnishing and essential items you need to have in your rental properties

  • How to list properties on Airbnb to attract attention from potential guests

Module 4: Manage and Grow Your Business

  • How to scale your rental business by attracting property owners to collaborate with you

  • Strategies to create a win-win situation for both you and property owners by providing incentives for them to work with you

  • Improving business systems to enhance management

  • How to price properties

  • Techniques on how to secure consistent bookings

  • How to scale your business to achieve a six-figure revenue

How Long Does It Take To Make Money From BnB Riches?

It takes about 2 months to make money from BnB Riches. At least, that’s the ideal scenario. Assuming you do everything right, you can get your first few apartments within that time period and rent each for $1,000 to $2,500 per month. Better yet, rent them on a nightly basis to get more profits.

But with the upfront capital required to lease and furnish apartments, you won’t be making a lot in profits. You’re also not guaranteed to have guests every night. Therefore, you’re not guaranteed to profit from your apartments right away.

While you can potentially see early returns with this business model, you’ll have to work hard and maintain consistency to succeed. If you’re not fully committed in the next few years, you’ll most likely fail. This business will require you to go all-in, as it’s not a mere side hustle.

BnB Riches Reviews: What Are BnB Riches Students Saying About the Course?

Students of BnB Riches have mixed reviews about Noelle Randall’s course. Most positive reviews can be seen on Noelle’s website and YouTube video comments. As a social media influencer, she has inspired plenty of her viewers to pursue real estate or rental arbitrage.

However, negative feedback outnumber the positive ones. But note that a lot of these negative comments have nothing to do with the BnB Riches course at all. Instead, they’re mostly targeted toward Noelle Randall’s other businesses, such as her coaching program, books, and crowdfunding.

Positive Student Reviews for BnB Riches

Negative Student Reviews for BnB Riches

Have Students of BnB Riches Made Money After Taking the Course?

Students of BnB Riches have made money after taking the course. One student said that in less than a month, they were getting bookings that paid for their rent. Another one claimed that they’ve started managing 5 units after following Noelle’s scripts and step-by-step guides. Although, these testimonials were taken from BnB Riches’ official landing page, and there are no case studies available that detail exact earnings.

Is BnB Riches Up to Date?

BnB Riches is up-to-date according to its website. And since members get lifetime access, they get future updates for free. However, there’s a certain line from the landing page that makes it seem like the course was last updated in 2020:

Who Is the Creator of BnB Riches?

Noelle Randall is the creator of BnB Riches. She’s a successful businesswoman not just in rental arbitrage but in the entire real estate market. She also builds brick-and-mortar and car rental businesses.

Despite experiencing bankruptcy in 2007, Noelle has rebounded and achieved significant financial success, earning over $3 million in less than two years. In 2014, she founded FDR Horizon Enterprises, LLC and has built popular brands and real estate investments, amassing a portfolio of over 40 properties.

Today, she’s also a well-known YouTuber with over 687,000 subscribers. And she’s an author, coach, and public speaker. Noelle Randall’s net worth, updated in 2023, is $10 million.

Is Noelle Randall Legit or a Scam?

Noelle Randall is not a scam. She’s a legitimate business owner with nearly 20 years of experience in the real estate industry. However, she has received backlash for having terrible customer support and unreliable systems in her company. People have raised their complaints on numerous issues:

  • Delayed response to customer queries

  • Book deliveries that didn’t go through

  • Not getting refunds

  • Not getting access to purchased modules

  • Delayed payroll for her coaches and employees

In a Youtube video testimonial by Christy, a student-turned-coach in Noelle’s company, she claims that these complaints would sit in the backend for days without being addressed and responded to. So, despite Noelle having a good business background, you should practice caution when pursuing a business relationship with her or pursuing her products or services.

How Active Is Noelle Randall in BnB Riches?

Noelle Randall is not active in BnB Riches. She's more focused on her mentorship programs, public speaking events, and other businesses. Plenty of Noelle's customers claim to have had a terrible experience with customer service. Although many complaints aren't specifically for BnB Riches, they're still worth noting because she's the founder of the businesses receiving the negative feedback.

What Is Airbnb Rental Arbitrage?

Airbnb rental arbitrage is a business model that involves leasing long-term properties from landlords and subletting them as short-term vacation rentals on Airbnb. It’s a way to make money online without owning property. By charging a higher nightly rate than the long-term lease payment, you can profit from the price difference, essentially “trading” on the disparity between long-term and short-term rates.

How Can You Make Money from Airbnb Without Owning Any Property? (Aside from Airbnb Arbitrage)

  • Co-Hosting: You can offer to become a co-host to property owners who’ve listed their homes on Airbnb. As a co-host, you’ll assist with tasks such as guest communication, check-ins, check-outs, cleaning, and maintenance. In return, you can negotiate a fee or a percentage of the booking revenue.
  • Vacation Rental Photography: Become a freelance photographer who takes professional photos of Airbnb listings. You can charge a fee for your services.
  • Property Scouting: Some Airbnb business owners may not have the time to find suitable properties for short-term rentals. As a property scout, you’ll be helping them locate properties that have the potential to be successful Airbnb listings.

How Do You Make Money on Airbnb With No Money to Start?

  • Offer Experiences: Airbnb Experiences are unique in-person or online activities offered by local hosts to travelers. These include tours, workshops, cultural immersions, and outdoor adventures. If you love doing activities in your local area and want to share them with new people, you can signup on Airbnb Experiences for free.
  • Rent a Room in Your House: You can earn rental income from a spare room in your house by listing it on Airbnb. This setup is common for solo travelers or travelers on a budget.
  • Create Welcome Guides: Welcome guides can include local recommendations, tips for getting around the area, and information about nearby attractions. You can offer to create these guides for Airbnb hosts.

Is Airbnb Rental Arbitrage Still Profitable in 2023?

Airbnb rental arbitrage is still profitable in 2023, but it requires strategic property selection and management. Airbnb has grown over the last decade, generating over $30 billion in revenue and attracting 150 million users. As a result, the market has become increasingly saturated. So, you’ll need to select properties carefully to stand out from the competition.

What are Alternatives to BnB Riches?

Is Airbnb Rental Arbitrage the Right Business for You?

Airbnb rental arbitrage is the right business for you if you have capital ($10,000 to $20,000), industry connections, excellent credit, and enough experience in sales negotiations or managing Airbnbs. If you want to start a business with lower startup costs, local lead generation is a better use of your time.

Unlike Airbnb arbitrage where you rent out physical properties, local lead generation revolves around renting digital real estate to local businesses. In this business model, you can generate passive income without having to deal with landlords, property maintenance, or lease negotiations. There’s less room for making costly mistakes. Your primary focus will be creating high-converting local websites that generate leads for local businesses.

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