10XBNB Review

10XBNB Review

If you’ve ever dreamed of venturing into the lucrative world of Airbnb without owning any property, 10XBNB offers a comprehensive guide taking you through the steps of crafting a successful Airbnb business.

Shaun Ghavami, originally pursuing a successful 9-to-5 banking career, found his life taking an unexpected turn when he decided to list a spare bedroom in his rented apartment on Airbnb for a mere $65/night.

Witnessing the potential of making money while he slept, Shaun and together with Ari Rahmanian, his friend and business partner, decided to take a leap of faith, envisioning an Airbnb business that could liberate them from the constraints of the traditional corporate retirement plan.

Starting with minimal savings, they had to innovate their unique “co-listing” income generation system, allowing them to enter the Airbnb arena with no money and no risk.

Unfortunately for us, their program is, of course, not for free.

But before getting into the review…

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The Founders

10XBNB Review

Shaun Ghavami and Ari Rahmanian, the co-founders of 10XBNB which they established in March 2022, share a background rooted in Iranian families seeking freedom from dictatorship, the two initially met at the University of British Columbia and later found themselves feeling unfulfilled in their respective careers, pursuing different paths—Shaun in the banking sector and Ari in medicine—they both felt dissatisfied and lost within the corporate system.

In 2017, Shaun’s perspective shifted when he was introduced to Airbnb by a coworker. Overcoming skepticism, Shaun tried to list a spare bedroom in his rented apartment on Airbnb for $65/night and delved into the potential of Airbnb. He recognized an opportunity too significant to ignore.

He dedicated his free time to learning the ins and outs of Airbnb, particularly focusing on how to initiate a venture without owning any property. Through a series of trial and error, Shaun developed innovative business systems that allowed him to generate income by providing valuable services to property owners.

Recognizing the potential for growth, Shaun enlisted Ari’s help, and together, they expanded their business to manage 24 properties. Their success propelled them into the top 0.1% of all Airbnb practitioners, showcasing their expertise in the field. As friends inquired about their seemingly abundant time freedom, Shaun and Ari began sharing their successful system.

The overwhelming demand for their insights led to the birth of 10XBNB, a platform designed to teach others how to start their own Airbnb businesses, even if they don’t own any property.

The duo also founded Iconic Retreats in Vancouver, Canada, recognized as the “Hollywood of the North.”

10XBNB Review

What is 10XBNB?

The 10XBNB program is structured to offer personalized coaching, ensuring you gain the necessary insights and tactics to establish a successful Airbnb venture.

They begin with pinpointing an ideal location and property. The coaches guide you through employing effective negotiation strategies to secure exceptional deals. However, this is merely the initial phase.

What stands out is the program’s emphasis on scaling your business. The 10XBNB system provides a roadmap for elevating your income to new heights, enabling you to multiply your success in a matter of months.

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The Options

Here’s a breakdown of how the 10XBNB program works:

The first step in embarking on your Airbnb journey with 10XBNB is selecting the right package for you. The program offers three distinct packages tailored to different needs and preferences.

  1. Do-it-yourself 10XBNB Package
  2. Done-with-you 10XBNB VIP Package
  3. Done-for-you 10XBNB Diamond Package

The first package is ideal for individuals with prior experience in Airbnb or those confident in navigating the process independently, the Do-it-yourself 10XBNB Package. For the second one, Done-with-you 10XBNB VIP Package, is best suited for those who desire expert guidance but prefer not to be extensively involved in the hands-on aspects of the business while their third package, Done-for-you 10XBNB Diamond Package, is designed for individuals eager to enter the world of home flipping but may lack clarity on the process or prefer having someone else manage the majority of the work.

The Process

Let’s break down the hows of 10XBNB process:

Bed Flipping

Ever heard of “Bed Flipping”? It’s a cool way Shaun and Ari from 10XBNB came up with to be an Airbnb host without actually owning a place. This step is perfect if you’re on a budget or don’t know much about real estate. They teach you how to use other people’s properties to make money on Airbnb. You’ll learn to get homeowners and landlords interested, providing insights on attracting these owners who are open to collaborating with you, manage properties, and earn some cash from every booking.

It’s important to note that property owners take care of all the expenses and repairs, allowing you to concentrate on maximizing your profit. Foster strong relationships with homeowners and landlords by prioritizing excellent communication and delivering reliable service. Building trust and providing a positive experience can lead to repeat bookings and favorable referrals, enhancing your overall success in the bed flipping strategy.

Rental Arbitrage

The process is straightforward: you rent a property from a landlord and then sublease it on Airbnb at a higher rate, resulting in a profit.

After successfully earning a significant amount, say at least $5,000, through bed flipping, the 10XBNB program steps in to reveal valuable tips and tricks for securing lucrative rental arbitrage deals. Benefit from their proven strategies, honed through Shaun and Ari’s extensive experience, providing you with a competitive advantage in the market. They say you can make 3 to 6 times the rent you pay a landlord on Airbnb.

For a successful venture into rental arbitrage, conduct thorough market research to pinpoint areas with high demand and appealing rental rates. Negotiate favorable lease terms with landlords to maximize your arbitrage profit.

Ownership

The next logical step once you’ve got around $50,000 from bed flipping or rental arbitrage (or if you’re just loaded with cash), is to level up to “Ownership.” 10XBNB guides you on finding properties on Airbnb that hold significant potential for maximizing your return on investment and figuring out how to get the most money back. Shaun and Ari share their secrets emphasizing the importance of keeping expenses low to ensure more substantial profit margins.

Focus on properties located in desirable areas, close to popular attractions or business districts. Pay attention to factors such as the condition of the property, available amenities, and competitive pricing. These considerations will enhance your ability to attract bookings and achieve higher occupancy rates.

10XBNB Review

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Is it Worth it?

Investing in 10XBNB can be a worthwhile consideration, depending on your goals, experience, and financial situation. Here are some factors to weigh:

Pros:

  1. Diverse Packages:
    10XBNB provides different packages tailored to varying needs and levels of involvement, catering to those who prefer a hands-on approach as well as those who want more assistance.
  2. Innovative Strategies:
    The program introduces innovative strategies like “bed flipping” and “rental arbitrage,” which, if executed correctly, can provide an alternative way to generate income without substantial upfront costs.
  3. Private Group Network:
    When you join the 10XBNB program, you become part of a private community. In this group, you’ll interact with experts and fellow entrepreneurs who are also into the Airbnb real estate scene

Cons:

  1. Cost of Enrollment:
    The investment required to enroll in the 10XBNB program, ranging from $7,000 to $30,000, may pose a financial barrier for some individuals.
  2. Potential for Risk:
    While the program claims to enable entry into the Airbnb market with minimal risk, any investment involves an inherent level of risk. Success may vary based on individual circumstances, market conditions, and the ability to execute the strategies effectively.
  3. Level of Involvement:
    The level of success achieved with 10XBNB may depend on the individual’s commitment and involvement in the process. Those expecting a fully hands-off approach may not find the same success as those willing to actively engage with the strategies.

Despite the substantial amount of investment, a.k.a the enrolment fee for their program, Shaun guarantees participants a minimum five-figure semi-passive monthly income or continued support until that goal is achieved. As proponents of “bed flipping,” they emphasize the absence of upfront costs or risks, apart from the educational investment.

Conclusion

10XBNB can offer valuable assistance, especially when you’re just starting out, providing guidance and insights you might overlook as a newcomer.  Nevertheless, in this particular business, firsthand experience holds unparalleled value. Becoming a proficient host and effectively managing one’s business primarily involves learning from mistakes and continuous improvement—a dimension that a course may not comprehensively cover.

Consider your financial capacity, commitment to learning and implementing the strategies, and your overall risk tolerance. Regarding their course reputation, it appears that there are not many complaints from genuine students who have enrolled in the 10XBNB program but only a few negative reviews that do not seem to originate from actual program participants.

If you are prepared to invest both time and money, and the program aligns with your goals, it could be a valuable opportunity to explore the world of Airbnb and real estate investment.

Before leaving..

If you are serious about starting your own online business, I highly recommend you to check out my #1 recommendation.

This is simply the BEST business to start right now and it made me $30,391 in the last month alone.(*and sky’s the limit*)

Go here to start leasing leads to small business owners and become a digital landlord

Best Business To Start >>