The Chris Voss Show The Chris Voss Show Podcast – Quentin West, President of The Cozy Cosmo LLC., Airbnb Millionaire And Life/Business Coach on Building Real Estate Passive Income & Success
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Aug 1, 2023 Quentin West, a Short Term Rental Professional and real estate investor, shares his inspiring journey from college dropout to generating over $100,000 per month in passive income. Topics include overcoming adversity in real estate, building a strong foundation for investing, mastering algorithms and marketing on Airbnb, seeking expert advice, and the value of networking for financial success.
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How One Airbnb Listing Saved His Home
- Quentin West dropped out of Virginia Tech after an academic dispute, returned home, worked construction, then became a real estate agent and faced foreclosure soon after getting licensed.
- A chance lunch led him to list a family house on Airbnb in Nov 2019 and earn $1,000 the first month, which saved the home and launched his short-term rental career.
Start With Airbnb Arbitrage And Add Value
- Do use short-term rental arbitrage: rent properties with permission to sublease, furnish them, and charge a premium on Airbnb.
- Quentin rents, furnishes, manages cleaning and charges higher nightly rates because he offers a premium turnkey product.
Get Started Fast By Cohosting For Owners
- Try co-hosting to start with no money: manage other owners' listings for a fee and keep a percentage of revenue.
- Quentin used 20% management fees on other people's units to generate cash flow when he couldn't afford growth.
