George (Geo) Pedro heard about making money on Airbnb, and jumped at the chance like a tweaker diving over a pharmacy counter.
Less than a year later, he had built a six-figure business.
Today, he’s closing in on seven figures.
And here I thought, with city bans, hidden creeper cams, and cleaning fees that cost more than the nightly rate, Airbnb was on life support.
Far from it, Geo says.
Keep reading for BNB Navigator reviews.
Despite the negative headlines, Geo reports that Airbnb is still growing year over year – it’s now bigger than most hotel chains.
George has been an Airbnb host for just over two years.
- In his first month, he made around $9,000.
- He quit his sales job a few months later.
- He’s now got a handful of properties generating multiple six figures in bookings each year.
- One of his listings ranks in the top 5% in the country.
- He only works 1-2 hours per day.
- And travels every 2-3 months.
Throw a collar around his neck – he’s got that dawg in him.
None of George’s properties are in his own city. He manages them all remotely.
Did he buy them outright? Of course not.
George does Airbnb arbitrage, no surprise there. It’s as common as floppy boobs and fanny packs at Disney.
Sign leases, spam listings, repeat.
Arbitrage lowers the barrier to entry and allows you to scale faster. You can always buy a property with the cash flow, if you want.
Here’s Geo’s approach.
1. Market Research
Understand what’s going on in the city you wanna invest in.
Are short-term rentals even allowed? Is there a limit on how many you can have? What do you need to provide to the city or state to operate legally?
2. Identify The Perfect Property
Balance the size, amenities, location, and rent to maximize profitability in that market.
3. Close The Deal
Find a landlord who’s cool with subleasing and negotiate your lease.
4. Stage It
Shoot for A-tier furniture and decor with B-tier pricing.
Interior design represents your brand, so don’t half-ass it.
5. Build Your Team
Hire quality individuals to tackle laundry, cleaning, and maintenance.
6. Optimize Pricing
Charge what the market will pay instead of copying competitors. Adjust rates for seasonality and special events taking place nearby.
7. Rank In Search
Relentlessly improve your listing until it’s showing up on the first page of Airbnb search results.
8. Automate Your Business
Leverage software, tools, and maybe an assistant to handle check-ins, check-outs, guest interactions, dynamic pricing, and whatever else.
There you have it – Geo’s pillars for earning six figures with Airbnb arbitrage.
The reason you’re not too late, he explains, is because 90% of hosts are clueless. They don’t have a mentor breaking it down step by step for them.
But you do – his name is Geo Pedro.
If you would like assistance turning this knowledge into action, apply for his BNB Navigator coaching program.
Once accepted, you can piggyback off Geo’s copy-and-paste system to replicate his results.
No mention of cost, no glowing testimonials, and honestly, nothing I haven’t already heard in 900 other Airbnb pitches.
Verdict?
Look, Geo seems like a nice guy and definitely walks the walk, but I was hoping for more than surface-level clichés about running an Airbnb business.
Honestly, I wouldn’t touch Airbnb with a 10-foot pole, and I could’ve rattled off those tips myself.
And I still don’t get why anyone would go to this much trouble to make $10k a month when you could just buy a domain, type some words, and hit publish.
