The real estate sector in the United States is growing, especially in the residential property market, according to Statista. This increase is due to the growing number of people working remotely, which has opened up new opportunities for generating steady income without directly owning property.
One option that has capitalized on this growth is the 10XBNB course by Shaun Ghavami and Ari Rahmanian. This course teaches participants how to earn through Airbnb’s platform using the co-listing model. In this post, we explore the details of the 10XBNB course, giving ideas on how it can speed up your entry into the Airbnb market and increase your earnings.
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What is the 10XBNB Course?
10XBNB is a training course created by Shaun Ghavami and Ari Rahmanian, designed to help participants learn how to generate income through the Airbnb platform without the need to own properties.
This course uses a co-listing model to manage Airbnb listings for property owners who prefer not to handle the day-to-day operations themselves; you earn a share of the rental income in return. As a co-lister, you are responsible for everything from:
- Setting up the listing.
- Managing bookings.
- Communicating with guests.
- Overseeing the maintenance of the property.
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What Can You Learn in the 10XBNB Course?
In the 10XBNB course, you’ll learn how to work within a co-listing model and manage Airbnb properties for others without having to invest in real estate yourself.
This course offers a step-by-step guide to generating passive income through Airbnb, featuring self-paced modules, an active Facebook group, and detailed live coaching calls. Here’s a breakdown of what the course covers:
1. Introduction to 10XBNB
You’ll start with an overview of the course, insights into the founders, and the mindset required for success in this business area.
2. The Basics of Airbnb Business
You’ll explore the operational aspects of this business model, the industry at large, and the path to making a good income.
3. Setting Up Your Business Legally
You’ll receive advice on forming your company, managing legal requirements with tools like Legal Zoom, and setting up business insurance. The course also shows you how to create a professional online presence, including domain registration, website creation, and setting up a business email.
3. Dealing with Local Laws and Airbnb Regulations
Learn about responding to local regulations related to Airbnb operations and creatively selecting a name for your Airbnb business.
4. Market Analysis and Property Sourcing
Discover how to identify lucrative markets and properties using factors like location, regulatory environment, popularity, competitive analysis, seasonal trends, and target demographics. You’ll also learn about setting up a niche and how to expand your operations.
5. Bed Flipping Fundamentals
The course introduces bed flipping, covering everything from initial contact with property owners to closing deals and calculating potential earnings.
6. Rental Arbitrage Techniques
You’ll get practical advice on engaging with property owners, negotiating agreements, and managing the financial aspects of rental arbitrage.
7. Designing Attractive Airbnb Spaces
The course will show you how to research competitors, choose themes, and set up your units to attract guests, including tips on taking quality photos that make your listings pop.
8. Revenue Management and SEO Tactics
Get tips on setting optimal pricing, adjusting for market conditions, and improving your listing’s visibility and attractiveness through effective SEO practices.
9. Managing Operations and Enhancing Guest Experience
The course talks about operational efficiency, including cleaning and maintenance protocols, and shares strategies for offering excellent guest experiences that promote loyalty and meet top hosting standards.
What are your Responsibilities as a Co-lister?
As a co-lister, you’re responsible for the end-to-end management of the Airbnb experience, which includes:
- Marketing the property effectively to reach potential guests.
- Ensuring a seamless check-in and check-out process.
- Maintaining high standards of cleanliness and guest satisfaction to secure positive reviews.
How Much Does the 10XBNB Course Cost?
The 10XBNB course offers three payment options for different levels of commitment and investment:
- DIY Tier: Priced at $7,000, this option is self-guided, providing you with all the necessary materials and resources to manage Airbnb properties on your own.
- VIP Tier: Priced at $15,000, this tier includes everything in the DIY package plus one-on-one coaching to help you with the complexities of Airbnb management.
- Diamond Tier: Priced at $30,000, this premium option offers the most comprehensive support, including one-on-one coaching and a complete setup done for you, making it as hands-off as possible.
Additional Costs
Apart from the main course fees, you might need to form an LLC to manage your Airbnb operations professionally and legally. This is an additional cost that varies depending on your state, but is essential for separating personal and business expenses.
Financing Options and Payment Plans
While the course does not mention specific financing options or payment plans, 10XBNB does offer discounts on a case-by-case basis. It’s a good idea to contact their support to ask about any potential financial assistance or flexible payment structures that could make the application process more accessible.
Does 10XBNB Have a Refund Policy?
10XBNB has a strict no-refund policy. Once you have signed up in any of the tiers—DIY, VIP, or Diamond—there is no option to receive a refund under any circumstances. This policy is in place because the course requires an important upfront investment in resources and personal coaching.
Is the 10XBNB Course Legit?
Yes, the 10XBNB course is legit. Feedback from Trustpilot shows that the course has a positive reputation, scoring an overall rating of 4.7 and being categorized as excellent with a verified company status. Here’s a more detailed look at what users are saying:
- Community Support: Many reviewers talk about the strength of the community and the interactive elements of the course. The Facebook group and live sessions offer a platform for support and sharing insights, which is highly valued by the participants.
- Hands-on Learning: The course is highly commended for its practical approach, offering real-world advice on managing Airbnb properties. This includes discussions on different rental terms and adapting strategies based on current market data.
- Success Stories: Some users mention that the course helped them successfully engage in deals and refine their business strategies. The opportunity to learn from the experiences of others and address common challenges collectively is particularly praised.
- Varied Experiences: Despite the overall high rating, some reviewers report less satisfactory experiences. Issues such as insufficient support and questions about value for money are brought up, with some feeling that the benefits did not justify the costs.
In general, the majority of feedback on Trustpilot is favorable, focusing on strong community support and practical insights. Coming students should also be aware of the mixed reviews and consider both the potential benefits and drawbacks before committing to the program.
Tips to Generate Income with Airbnb Hosting
If you want to start earning more with your Airbnb account, you can diversify your hosting income with some strategies beyond just listing your property. Here are some tips, complete with examples and ideas, to help you raise your earnings:
1. Offer Unique Experiences
Offer unique experiences that align with guests’ interests and the local culture of the area. For example, if your region is well-known for its culinary traditions, you could consider hosting a cooking class. This opportunity allows guests to delve into the local culture by learning to prepare traditional dishes.
2. Co-host
You can diversify your income by volunteering to help other property owners with their Airbnb operations. For example, consider reaching out to busy hosts or those new to Airbnb who might need help with guest communications, cleaning schedules, and optimizing their listings.
3. List on Multiple Platforms
Improving the popularity of your property can lead to more guest bookings and higher rates. For example, consider listing your property on other platforms like VRBO, and Booking.com to reach a bigger audience.
4. Dynamic Pricing
Consider setting up dynamic pricing strategies that adjust to market conditions and demand. For example, use pricing tools that automatically update your rates based on factors like seasonal demand, local events, and competitive pricing in the area.
5. Host More Guests
Consider how many guests your property can hold. For example, you can put a sofa bed in the living room or bunk beds in a spare room. This will make your property bigger and allow you to charge more per night.
6. Upgrade Services
Improving your Airbnb with services that improve the overall guest experience can help increase your property’s attraction. For example, you could upgrade to a high-speed internet, installing a hot tub, or equipping the kitchen with high-quality. Additionally, you can offer bicycles for guests to explore the area, making your listing more attractive.
Maximize Your Earnings Streams with Airbnb
In a context where the real estate market is increasingly in demand, programs like 10XBNB offer an attractive alternative for those looking to enter the market without being homeowners. This course provides a unique approach that appeals to prospective participants.
If you want to make money online but aren’t interested in real estate, starting an online business that matches your interests and needs can be a good way to take control. This approach lets you use your passions and skills in a flexible and potentially lucrative market.
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Frequently Asked Questions (FAQ) About 10XBNB Course
Who Created the 10XBNB Course?
The 10XBNB course was created by Shaun Ghavami and Ari Rahmanian. They developed the course based on their experience in managing and hosting properties on Airbnb, including generating over $5 million in booking fees and hosting over 3,000 guests. Their innovative co-listing system allows participants to manage Airbnb properties without owning them.
Is the 10XBNB Course a Scam?
No, the 10XBNB course is not a scam. It offers tools and guidance for building a successful Airbnb business, but it requires commitment and effort. You shouldn’t expect instant wealth; rather, view it as a business investment that demands time and dedication to yield results.
Do I to Own Property to Participate in 10XBNB?
No, you do not need to own property to participate in 10XBNB. The course teaches you how to generate income through Airbnb by managing other people’s properties using the co-listing model. This allows you to earn a percentage of the rental income without the need to invest in or own real estate.
What Kind of Support Does 10XBNB Offer to Its Participants?
10XBNB offers a variety of tools to help participants manage Airbnb properties effectively. These tools include property management software, automated messaging systems, pricing optimization tools, and resources for guest communication and maintenance coordination
