The Superhost Academy is a short-term rental arbitrage mentorship by Brad Dillard that teaches you how to make a short-term rental business on platforms like Airbnb and VRBO without owning property. It is the rebrand of the Six-Figure Superhost mentorship and is a 3-phase 1-on-1 limited mentorship. What makes The Superhost Academy unique from other mentorship is that they have a co-hosting program where you can earn while getting hosting experience.
Reviews for The Superhost Academy are overwhelmingly positive. They have a 4.6 star rating on Google. The rebranded program is only a few months old, so there aren’t any success stories yet from students. So far, I have found no complaints about the mentorship or the creator.
According to AirDNA, many Airbnbs are sitting empty in the wake of the pandemic because of oversupply in what is being called the “Airbnbust”. Many large cities have restricted or outright banned short-term rentals in response to the housing crisis. In this The Superhost Academy review, you will find out if the mentorship has what it takes to find success in an admits the “Airbnbust” issue. The review will cover the benefits of being a Superhost, who the mentorship is for, what you get and how it helps you make money, and who Brad Dillard is and what his claims are.
Brad Dillard's The Superhost Academy Review: Pros and Cons
Pros
Customized mentorship based on your experience and situation.
Co-hosting program for new students to earn while learning.
Cons
Lack of transparency in the website in terms of price and contents.
Short-term rental arbitrage holds a lot of risks.
Short-term rentals are in risks of losing business because of saturation and tightening restrictions.
Price
Price is given during the scheduled call. Various upsells.
Refund Policy
No refund policy listed.
Origin
Originally branded as Six-Figure Superhost.
Reputation
Mostly positive reviews.
Do You Make More Money With a Superhost Badge?
You may make more money with a Superhost badge on Airbnb, as it provides several benefits. Most people who book prefer Superhost properties as it is a guarantee of quality hosting. Airbnb Superhosts make an average of 64% more than regular hosts. Superhosts charge 11% less per night than standard hosts but have an average occupancy rate of 47% against the 27% for standard hosts.
It is easy to become a Superhost if you provide the best Airbnb experience to ensure guest satisfaction.That said, only 19.4% of Airbnb hosts are Superhosts. You don’t have to be a host long to qualify for the Superhost badge. A new Airbnb host can get their Superhost status as soon as they meet the requirements and pass the assessment. Your Airbnb Superhost status shows up for multiple properties. This means even if one of your properties is subpar, it still displays the Superhost badge.
What Is the Benefit of a Superhost Badge?
The benefit of being having an Airbnb Superhost badge comes down to marketing. You get preferential positioning in Airbnb's search results pages, which increases the visibility of your listings. Aside from additional visibility, Superhosts also benefit from exclusive privileges, reduced commission fees, and exclusive rewards.
What Are the Requirements for Becoming an Airbnb Superhost?
Anyone host who meets the requirements is eligible for Airbnb Superhost. Property type does not affect your eligibility. It takes up to 1 week for your Superhost badge to show up on your listing. You do not need to apply as Airbnb will assess your profile automatically. Having a Superhost badge lasts for 3 months until the next assessment period. If you fail to meet the Superhost requirement in the assessment, you will lose your badge.
The number of reviews is irrelevant to qualify for Superhost. You just need to maintain an average of at least 4.8 guest review rating. Canceling an Airbnb reservation will affect your Superhost badge eligibility. If you cancel a reservation within Airbnb's Extenuating Circumstances Policy and file a claim, it will not affect your eligibility.
Who Is The Superhost Academy For?
- Beginners who want to learn how to create a short-term rental business. This works even if you do not own or have much capital to invest in a property.
- Current hosts who want to scale their business. This is for those who do not have enough capital to buy more property but want to scale.
- Real estate investors who want to learn short-term rental arbitrage to diversify their portfolio. The custom mentorship works well with experienced investors.
How Does The Superhost Academy Help You Make Money?
The Superhost Academy helps you make money with their 3-phase mentorship program. The phases will take you from earning money while getting experience in being a host to creating and scaling your own listings.
What Do You Get With The Superhost Academy?
The Superhost Academy Reviews
The Superhost Academy reviews by their students are extremely positive. They have 11 reviews on Google averaging a 4.6 star rating. However, these reviews do not give any real world examples of success and appear to all be posted on the same date. There is also one negative review but it is from a non-student who wasn't able to get a callback. Take these reviews with a grain of salt.
Is The Superhost Academy Worth It?
The Superhost Academy is worth it if you want 1-on-1 customized mentorship on short-term rental arbitrage. The 3-phase program is great for beginners to earn while getting the much needed experience. Co-hosting with more experienced members can also help you get an idea of what markets are not saturated. Just keep in mind the pros and cons of short-term rental arbitrage. The Superhost Academy is also a partner of the long-term real estate investment mentorship called The Landlord Academy.
What Is The Landlord Academy?
The Landlord Academy, previously known as Six-Figure Landlord, is a real estate investment course by Dallas Hileman that teaches how to create a 6-figure long-term rental business. This course is for those who are not concerned about the 5-10 year timeframe that it takes to be profitable.
Who Is Brad Dillard?
Brad Dillard, full name Bradley Neil Dillard, is a short-term real estate investor and mentor and creator of The Superhost Academy, LLC from Salt Lake City, Utah. He is the creator and host of Rocky Mountain Homestays. Before venturing into short-term rentals, Brad was working 80 hours a week as a tax associate. He worked for overs 2 years for Poston, Denney & Killpack, PLLC, then for Stayner Bates PC. After being denied a raise, he quit and went into sales. Brad created Airbnb hosting with Rocky Mountain Homestays in 2020 and when it grew to earn six-figures, he resigned in 2021 as a sales manager after almost 3 years of working in sales. He is also the co-founder of L&D Tax and Consulting Services and has a master’s degree in taxation from Weber State University.
What Is Brad Dillard's Claim?
Brad Dillard claims that he can help you make $500-$1,000 a month with working 5-7 hours a day while starting out with The Superhost Academy. He is referring to the co-hosting part of the program which will pair you up with an experienced host within 30 days of signing up. Just how practical are his claims?
How Much Does a Co-Host Make?
A co-host typically makes 10%-20% of the nightly rate. Hosts on Airbnb make an average profit of $924 a month. This means you earn $92.4 to $184.8 a month on average. As there is no information on how many experienced hosts are available for you to partner up with in the program or how much they earn, we cannot verify this claim.
Is Short-Term Rental Arbitrage Worth It in 2024?
Short-term rental arbitrage is worth if in 2024 if you have the capital to buy property in cash as you won’t be affected by high interest rates and high cost of rent. This also reduces the effects of oversupply to your business as you have a back-up plan for the property, such as using it for your own, reselling, or putting it up for long-term rental.
A short-term rental business is very risky as cities around the world tighten short-term rental restrictions amidst the housing crisis caused by rent increases and short-term rental oversupply. In the AirDNA report, listings in the United States skyrocketed to 1.38 million as many investors flocked to the business in search of passive income, which is a 23.2% year increase. The report noted that many Airbnbs remain vacant in places like the Smoky Mountains, Eugene, Oregon, North Georgia Mountains, and even South Florida. Cities like New York City, Dallas, Philadelphia, and New Orleans have passed laws that virtually banned short-term rentals. Memphis, Tennessee, among others, requires a license for short-term rentals. San Francisco can only list their property for 90 days a year. Changes in regulations in your market could spell the end to your short-term rental business. This worldwide phenomenon was named "Airbnbust." The challenge of finding a property open to rental arbitrage in areas with high demand but low supply will be very difficult.
According to Fannie Mae, housing prices are expected to rise another 3.9%. Interest rates remain high at 5.5%. This means that you will be paying more to rent your rental arbitrage properties or pay high interest rates when buying your own property. With the risks of low occupancy rates, there is a high possibility you will lose money.
Last, more travelers are moving back to hotels, unless booking for big groups, because of the hassles of Airbnb such as bad experiences, checkout list, hidden fees, etc. Expected recession is also affecting the booking as fewer people are willing to spend on renting an Airbnb.
Create Low-Risk Passive Income With Local Lead Generation
Local lead generation is my recommended business model that creates complete passive income without the risks involved in real estate investment. As local lead generation deals with digital real estate, there are no oversupply issues or strict regulations. It involves creating a site and ranking it on Google then renting it out to local businesses. These businesses pay you rent in exchange for the leads your ranked site brings them.
If you do short-term rental arbitrage by renting a house at $2,000 per month and have a 100% percent occupancy rate and profit $100 per night, then you can earn $3,000. However, given the state of the market, this is unlikely. A single local lead generation site can earn up to $2,000 a month of predictable income for a low $30. This makes local lead generation a more sustainable business.
I launched this tree care site in 2015 and it's been earning me $2,000 a month of hands-free passive income. A site can stay ranked on Google for years before you even need to update it. Scaling a local lead generation business is as simple as repeating the process of rank and rent. There is no limit as to how many sites you can create which makes local lead generation the best business model to create time and financial freedom.
