Dave Bynum – LuxHomePro Profit Formula

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Dave Bynum – LuxHomePro Profit FormulaLesson 1: Identify the Ideal

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Property Location to Maximize Profits

• Speak with a Short Term Rental Specialist in the area to identify
• the hottest spots for short terms rentals and the ones to avoid
• Use Airdna to get a general sense of the area
• Use the Create Listing section of Homeaway to review their data about an area or a specific property
•  Check comps on VRBO
• Check comps on Airbnb

Lesson 2: Dial In on the Perfect Area

• Take a deep dive into 2 to 3 comps from your search in Lesson 1 to determine average occupancy rate and average nightly ate
• Check the seasonality of the area
• Determine if there are any short term rental restrictions in the area

Lesson 3: Assemble Your A-Team (Short Term Rental Specialists)

• Find local specialists by googling “short term rental specialists” + your area
• Use the Short Term Rental Specialists questions (in the members’ area) during your interviews
• Keep track of all referrals using the Referral Spreadsheet

Lesson 4: Assemble Your A-Team (Realtors)

• Identify top-performing realtors in your area
• Speak to realtor on the phone to determine if they are:

1. knowledgeable,
2. worth meeting in person, and
3. can follow directions
4. Meet with realtors in person
5. arrive prepared
6. Emphasize win-win solutions and how you do business

•  Follow-up with realtor to meet with homeowners

Lesson 5: Work Directly with Homeowners

• Identify homeowners
• Public records
• Linked-In

Real Estate Sites

• Use search terms: distressed, must sell, divorce, owner carry, owner financing, make offer, vacant, fast close, and all offers considered
• Craigslist
• Rent to Own
• For Sale by Owner
• Networking Events
• Social Media
• Place Ads
• Friends and Family

Lesson 6: Evaluate Property Profitability Potential

• Find properties that have potential revenue of at least a 2X lease rate
• Can you add extra value to the property with unique features and characteristics of your offer?
• Determine the daily rate you’ll need to charge in order to make your desired profit
• Determine your profitability based upon the formula: total income – total expenses = profit…

Lifetime support – Download unlimited when you buy Dave Bynum – LuxHomePro Profit Formula Course at Course Farm. The market leader in online learning – Offers a variety of diverse topics: Internet Marketing, Forex & Trading, NLP & Hypnosis, SEO – Traffic, …

The Shortcut To Making 6 Figures From ONE Luxury AirBnB Rental … In Under 180 Days

Introducing The LuxHomePro Profit Formula^™

The LuxHomePro Profit Formula^™ is a proven and tested 90 day implementation program that teaches you how to start a wildly profitable 6-figure luxury vacation rental business and get your first property in less than 180 days.

It doesn’t matter if you don’t have any previous real estate or business experience. Everything you need to know is provided step-by-step in this training program.

Battle tested and proven results

The methods taught in the LuxHomePro Profit Formula^™ program have been battle tested and proven with students around the world.

The program has created new rich millionaires, 4-hour work weeks, freedom, wealth and SECURITY in the “New Economy”.

The perfectly engineered change agent

To start a business and change your life, content is not enough, you need an environment

Proven Process

We turned the unknown gray area of how to start a luxury vacation rental business into a precise science. While others use guesswork, we use a predictable process. Our methodology has been documented and proven over and over and over.

New Paradigm

We engineered a new way to think and reprogram your mind that’s so profound; it’s like seeing for the first time. Successful people take lifetimes to build their mindset for success. We figured out how to install a new paradigm in just weeks.

Winning Community

It’s hard to change your life when you’re surrounded by the people you’ve always been with. Our students join a worldwide community of others on the same path so that dreams aren’t laughed at but achieved on a daily basis.

Expert Mentorship

Everyone needs help and advice when tackling new challenges but true experts are out of reach for most people. Our students get access to the smartest minds in the world.

Learn the way that best suits you

Learn anytime, anywhere and whatever way you like with multiple training formats

Online E-learning platform

When you join the LuxHomePro family you get access to our revolutionary e-learning platform. We provide the 90 day training in multiple formats so you can learn the way that best suits you. Watch the training videos in HD video, listen to mp3 recordings or read the transcripts. Access the training online from any desktop or mobile device anywhere in the world anytime you like.

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Program content and schedule

With just four pillars, we’ll help you start your own Luxury Rental business from scratch, here’s how

Expand All: 52 Modules

PILLAR 1: LOCATE 7 Modules

• Lesson 1: Identify the Ideal Luxury Property to Generate Rental Income
• Lesson 2: Dial In on the most Profitable Markets
• Lesson 3: Assemble Your A-Team (Short Term Rental Specialists)
• Lesson 4: Assemble Your A-Team (Realtors)
• Lesson 5: Work Directly with Luxury Homeowners
• Lesson 6: Evaluate Every Property to Determine Rental Income Potential
• Resources Pillar 1: Locate Luxury Income Properties

PILLAR 2: NEGOTIATE 6 Modules

• Lesson 1: How to Negotiate Six-Figure Deals
• Lesson 2 & Lesson 3: Deal Structuring Strategies
• Lesson 4 & Lesson 5: Negotiation Secrets
• Resources Pillar 2: Negotiate Win-Win Deals

PILLAR 3: SET UP 6 Modules

• Lesson 1: Identify hidden profit centers to maximize rental income
• Lesson 2: Set-up Furnishings (if the home doesn’t include furniture).
• Lesson 3: Get Spectacular Photos of Your Property
• Lesson 4: Create an Amazing Experience for Guests.
• Lesson 5: Build Your Management Dream Team
• Resources Pillar 3: Set Up

PILLAR 4: MARKET 6 Modules

• Lesson 1: How to get your property listed at or near the top of every search engine
• Lesson 2 and Lesson 3: Optimize your listing for maximum bookings
• Lesson 4: Price your luxury home for maximum profitability
• Lesson 5: Provide stellar customer service
• Lesson 6: Recap

Here’s a summary of everything you get

This is not your typical “course”. We provide you with everything you need to be successful

LuxHomePro Profit Formula

• 90 day training program
• Community + Coaching Calls
• Documents, Tools, Resources
• Live Intensive “On The Job” Training

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