EP 502: 30% Annual Yield AirBNB Investing with Andrew Keene

Andrew Keene, president and CEO of AlphaShark Trading which is originally founded as KeeneOnTheMarket.com in 2011. Prior to that, he grew up working as a proprietary trader at Chicago Board Options Exchange. He began his career on a trade program and would eventually co-found the KATL group. He currently actively trades future equity options, currency options present in commodities, and was a regular guest/market commentator on such networks as Bloomberg, CNBC and Fox Business. His first love will always be trading but he’s arguably even more well-known for building a trading room. He is especially proud of having taught his personal strategies trading for over 50,000 guests for years.

Famous Five:

• Favorite Book? – Automatic Customer
• What CEO do you follow? –  Elon Musk

• Favorite online tool? — N/A
• Do you get 8 hours of sleep? — No
• If you could let your 20-year old self, know one thing, what would it be? – “Not to date a girl for 8 years and be engaged”

Time Stamped Show Notes:

• 01:38 – Nathan introduces Andrew to the show
• 02:32 – Andrew is based in Austin and San Diego
• 03:17 – Andrew is part of Entrepreneur Organization
• 03:55 – Andrew purchased a place in San Diego and put it on Airbnb
• 05:18 – “This year I expect to make $20,000 from that $70,000 investment”
• 06:24 – Andrew wants to get the “Super Host” status on Airbnb
• • 06:33 – Airbnb advertises Super Host’s properties more
• 06:53 – Andrew looks at Airbnb hosting as an investment
• 07:25 – The risk of having your properties in Airbnb
• • 07:31 – Stand-alone is not covered by HOA
  • 07:48 – HOA wants to ban short-term rentals in San Diego
  • 08:10 – Hosts can take advantage of their cash-flow situation
• 08:50 – Andrew has made $5M from trading
• 09:30 – Andrew shares how he got into trading
• 10:32 – Andrew has a place in Chicago, too
• • 10:38 – Andrew is making around $8,000 a year for his place in Chicago
• 11:16 – Andrew is starting his second deal
• 11:41 – People ask Andrew how he makes money through the investment
• 12:04 – Andrew is working on a book with Airbnb
• 12:11 – AirBNBopen in LA
• 12:25 – There are around 7,000 people who paid Andrew for trading information
• 12:35 – Andrew has more than 50,0000 people in his email list
• 13:09 – Andrew shares how his cash flow works with his property in San Diego
• 13:45 – Andrew names software that he uses other than Revestor
• • 13:50 – AirDNA is where you can buy reports of any city
  • 14:23 – Mashvisor use to search for rental properties
• 14:45 – You can use analytics and research by  Revestor to get into the market
• 15:50 – Standard percentage for payment fees
• 16:30 – Nathan makes an offer to Andrew
• 17:55 – Email Andrew to connect with him
• 20:05 – The Famous Five

3 Key Points:

• Find the right investment and STUDY it as best as you can.
• Go to someone who is an expert in a market that you want to be in.
• Stay independent as long as you can.

Resources Mentioned:

• Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
• Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel
• Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to the quality of Toptal
• Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
• The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens and follow-up with email sequences
• Andrew@AlphaShark.com – Andrew’s email address
• Show Notes provided by Mallard Creatives