Shutting Down Airbnb Business [Real Estate Market Crash 2020]

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Added 4 years ago by andem

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Shutting down after starting a business that did $2,900,00 annually.

COVID19 has decimated by business, the worse month I've ever had in this business I would lose 10% of my total rent cost. Our company usually carries enough to sustain 12 months of loss in a row which is unrealistic for this business not even in a recession. However, the Airbnb business is ever-evolving and apparently, it won't hold up against the coronavirus pandemic.

In March & April, we sustained nearly a 100% loss compacting in a year's loss into each month, taking a nearly 100% per month is like losing out 2 years in a row, without any time in between to recover.

Anyways... This is the final video, I hope you all enjoy it.

Check out my other videos here:

Top 6 Most Important Questions On Airbnb Answered
https://youtu.be/Ai1gRvEQzHQ
Top 5 Ways to Rank Higher On Airbnb
https://youtu.be/FYzln7NU6xE

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