Is Airbnb Still Worth It? How Much We're Making In 2023 vs. 2022

Are Hosts Still Making Money on Airbnb/VRBO in 2023? In this week's episode we catch you guys up on where we are at for the year on our income and our perspective on the ever shifting landscape of short term rentals. We cover everything from the numbers, reinvesting in our house, are we feeling the effects of the "Airbnbust," to breaking down our 2023 verses 2022 income so far.

Signing up to host on Airbnb? Get $40 by using our link: https://www.airbnb.com/r/mchaelm9

Create your own Direct Booking Website Through Lodgify:
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Stay tuned for more lifestyle, DIY projects as well as short term rental hosting tips!

Thank you for all of the support always... we appreciate YOU!

New to our channel? Well, hi there! We're Kristen and Michael, a couple embarking on a wild adventure of transforming our dream desert home into a short-term rental biz!

As crazy as it sounds, we decided to ditch our beloved Los Angeles (which we called home for 7 years) and chase our wildest dreams of owning a piece of land in California. And guess what? We did it! We finally bought our desert house in the summer of 2021, and we've been DIY-ing our hearts out ever since!

We're talking about an (almost) complete renovation, from top to bottom! But that's not all! We're also building our business from scratch, with the goal of sharing our little oasis with our family, friends, and even strangers from all over the world.

So come on and join us on this crazy ride! We promise it'll be full of laughs, tears, and lots of DIY fails (and wins!). Welcome to our channel!

Let us know in the comments if you have any suggestions or questions for us.

Check out our listing and website:
https://www.airbnb.com/rooms/51232282
https://www.theseventhrayhouse.com

Find us on Airbnb: https://bit.ly/3UPajHZ
Follow our Airbnb on Instagram: https://bit.ly/3Wt5C7v

Full House Tour | Before Renovations https://bit.ly/3BUq5tW
Full Airbnb Tour | After Renovations https://bit.ly/3BWvmBb

Shop Our Gear:
Sony Alpha a6000
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DJI Mini SE (Drone)
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iPhone 13 Pro:
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Our Home Decor, Kitchen, and Bedroom Essentials, and MORE
LTK: http://bit.ly/3tj5Twj
AMAZON: https://amzn.to/3UH6qUq

Shop our new (& old) bedroom decor here: http://bit.ly/3FaPwHM
Get 40% off Cozy Earth sheets -- aka: the coziest/cool sheets we've ever slept on & they're 100% bamboo -- using code SEVENTHRAYRBO
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Get 20% off your Brooklinen order by shopping their Sleep Week Sale here: https://bit.ly/BrooklinenKristenMichael . (*If you’re watching this video after 3/20, you can still get a discount by using our promo code KristenMichael for $20 off orders over $100.)

Try our productivity hack, MagicMind by using our code SEVENTHRAY20 at check-out for 20% off

#airbnb #airbnbhost
00:00 Are Airbnb's Still a Good Idea?
00:11 2023 Airbnb Update Intro
00:24 Airbn-Bust Fear-Mongering
01:08 Still a Good Idea
02:06 Pandemic Bookings
03:05 VRBO, Lodgify & Alternate STR Sites
03:25 Direct Booking Update
04:16 GROSS Profit 2022 vs 2023
06:21 Summer Bookings
06:35 Pricing Our Home
07:36 WHY Our Numbers Stayed
07:56 Competitive Market
09:26 Equity = Generational Wealth
09:51 Buying a STR Now
10:35 We've NEVER Paid Our Mortgage
11:10 Join Local Facebook Groups
11:28 Grow With Your STR
12:29 New Project Sneak Peek
12:51 Sign Up With Our Link & Make $$
13:19 Bloopers + Finn