149 - 😷[Airbnb vs. COVID-19] Bay Area Airbnb Rental Arbitrage Market Update with Evan Huynh

Today we have Evan Huynh from the Gopropertyhop group, an Airbnb rental property management group. We had Evan on the show back on episode 39!  In this episode, I wanted to get Evan’s take on the market, because I know a lot of my friends who are doing the Airbnb arbitrage strategy are hurting pretty badly right now.   Yet somehow, during this time of crisis, Evan’s properties are maintaining a higher than average occupancy rate.   Here are some of the key takeaways from this episode.   These are unprecedented times and no one could have predicted that we would be where we are right now. You need to adapt in order to stay ahead of the game.   Instead of trying to rent out our properties to corporate clients who’ll stay for over 30 days and have their company pay for over $200/night, we’re renting the home by the room at a lower price and increasing our cleaning procedures to meet the CDC guidelines.   You should also use this down-time to work on yourself and your business strategy so that when this is all over, you’ll be able to capitalize on the opportunity.