VRM Formula is an online course that teaches you how to build a profitable short term rental management business using other people’s properties through master leasing and cohosting.
VRM Formula is for anybody who wants to start their own management business and grow it to 6-figures or 7-figures with as little as 4 hours of maintenance a week. It works for anybody, regardless of your previous knowledge or experience.
VRM Formula is online and consists of training videos, tools, templates, and a private online community. You complete it online, on your own time.
You can watch, listen, or follow along to the training as well as complete worksheets to help facilitate learning. There are tools and templates included as well. Ask questions in the private student group, follow the process, build a business using other people’s properties.
VRM Formula is an online course that starts the moment you enroll. You can complete it in your own time and work through it as fast or slow as you wish. You get lifetime access.
Airbnb is life changing platform to build a business on like Amazon, Facebook and YouTube. Billions of people are travelling and looking for places to stay. There has never been a time better than now to create a business on Airbnb.
To scale a business and change your life, content is not enough, you need an immersive environment.
VRM Formula provides proven process, resource vault, community and expert mentorship.
We took the guess-work out of starting a business on Airbnb using other people’s properties and turned it into a step-by-step process. Follow practical instructions that are proven to work and track your progress using a reliable metric.
It doesn’t matter how good the training is, you’ll always have lingering questions. Get 24/7 access and support from experts in our private group where you can ask your questions & weekly zoom meeting with Jon & Julian. Learn from business mentors that are actually operating and scaling a $1,000,000+ business using other people’s properties.
You are given the golden key to our private list of resources and contacts WE USE to build our own businesses. You can’t get these resources ANYWHERE outside of this program. We’ve estimated the value of this component alone to be $10,000.
It’s hard to change your life surrounded by the same people. Join an active community of entrepreneurs, collaborate, get help, practice pitching, make friends and have fun.
In just 8-weeks , we’ll help you scale your business on Airbnb and turn it into a machine, here’s how.
Step 1: Framework
Like a strong house, you need a strong framework. In this step we will be creating a strong foundation for your Vacation Rental Machine by identifying our branding & target customer as these will be vital steps in building a scalable business.
Here’s what we cover:
– Reality of Hosting
– Rental Arbitrage, Cohosting, Brrrr & Turnkey Explained
– Identifying Your Target Guest
– How to Define Your Branding
– Raising Money for Your First Property
– Which Business Entity to Set up
– Creating Your Airbnb Profile
Step 2: Market Research
Your Market Research phase is where many hosts we see get stuck so we decided to show you multiple real step-by-step ways of analyzing a market. We have even created a special tool for you to use so you can analyze deals and see if the numbers make sense. You will confidently be able to analyze any market and any property after this section.
Here’s what we cover:
– Types of Travelers
– Criteria for a Good Market to Invest In
– Regulations
– Market Research Tools
– Seasonality
– Things and Places to Avoid
– Analyzing the Competition
Step 3: The Offer – Rental Arbitrage
Pitching landlords, confidently understanding your business and services, and setting up the deal the right way is the most intimidating part but crucial to what makes a good investment. After this section you will be able to identify the right properties and landlords to work with and have a lease on a property.
Here’s what we cover:
– Building your Prospecting List
– How to Qualify a Rental Arbitrage Property
– Objection Handling
– Corporate Lease Addendum
– Discounts & Benefits
Step 3: The Offer – Cohosting
Setting up a Cohosting agreement with a landlord or investor can be intimidating. They are entrusting you to help them make profit and guide them along this new short term rental market… After this week you will have successfully found and offered your services to your first Cohost client.
Here’s what we cover:
– How to Find Your first Cohost Client
– How to Handle Your Cohost Client
– Service Tiers
– Running the Numbers for Cohosting Clients
– Memorandum of Understanding
– Cohost Operating Agreement
– Cohost Client Property Inspection
Step 4: Dream team
Your team is the backbone of your business. Without a strong team your business will fail. After this week you will have successfully found and hired your team members.
Here’s what we cover:
– Members of Your A Team
– Choosing the Right Insurance
– How to Find Cleaners
– Turnover Cleaner vs Residential Cleaner
– Top Cleaning Tips
– Training Your Cleaning Team
– Managing Your Cleaning Team
– Designing Your Rental
– Choosing the right photograher
Step 5: Materials
What starts to differentiate a professional host from an amateur? Their tools. Through the right tools and automations we are able to earn significantly more than our competitors and automate nearly everything. After this week you will have set up all of your tools and systems to automate your business.
Here’s what we cover:
– Dynamic Pricing
– Automated Messaging
– Channel Manager/PMS
– Cleaning Management
– Welcome Guidebook
– Accounting Software
Step 7: Listing Details
The majority of hosts fail to succeed getting top dollar for there listings and getting consistently booked because of their listing details. You can fake it till you make it with any step before this, but if you don’t have a eye catching image, a compelling description, and a great price, then you will fail. After this week your listing will be finished and published.
Here’s what we cover:
– How to Set Up Your Airbnb Profile
– How to Set Up Your Airbnb Profile with Your Cohost Client
– How to Get Paid Out as a Cohost Client
– Selecting Photos For Your Listing
– How to Come Up With the Perfect Title
– Writing a Description That Sells
– How to Price Your Property
– Instabook
– Cleaning Fees
– Extra People Fees
– 1 Night Rentals
– Security Deposits
– Cancelation Rules
– Well Crafted Listing Walkthrough
Step 8: Operations
Now the fun begins and the new challenges arise. Being a host is unlike any other business as you are going to be getting a wide variety of challenges, most are simple… but when you are operating multiple units or hosting long enough you will find some unique situations… After this week you will have gone through some of the common and challenging situations and how to handle them like a pro.
Here’s what we cover:
– How to Prescreen Guests
– Check In & Check Out Process
– Responding to Inquiries
– Discounts & Special Requests
– Responding to Unhappy Guests
– How to Squash a Party Quickly
– Airbnb Resolution Center
– Long Term Booking Requests
– Providing Income Reports / invoices
Step 9: Optimization
We are now focused on optimizing your listings performance. This is all about helping you to earn more money and staying on the top of search results. You are fine tuning your Vacation Rental Machine to peak performance. After this step you will be earning more and building your email list for off platform bookings.
Here’s what we cover:
– Making Superhost
– Staying on Top of Search
– Earning Extra Money from Guests
– Building Your Email List
– Listing on Multiple Booking Channels
– Airbnb Plus
Step 10: Scaling
Our focus now is all about scaling and operating multiple properties. After this step your focus now is to keep optimizing and scaling your Vacation Rental Machine.
Here’s what we cover:
– Runners
– Turnover Hubs
– Remote Properties
– Virtual Assistants
– Full Time Employees
– Building Out Multiple Properties
– Direct Booking Site
– Property Management Site
– Social Media Marketing
– Running Ads
– Channel Manager Upgrade
– Task Management Upgrade
Learn the way that best suits you. Learn anytime, anywhere and whatever way you like. VRM Formula comes with online, social, live and simulated material.
No need to reinvent the wheel. We’ll provide you the same materials we use in our own business that has generated over $1,000,000 in sales from Airbnb.
Watch custom made training videos in stunning 1080p HD with transcripts for each video. Access the training online from any desktop or mobile device, anywhere in the world, anytime you like.
Get personalized mentorship from Jon Bell & Julian Sage who can troubleshoot your problems and provide direction in our private student group & live zoom calls.
This is not your typical “course”. We provide you with everything you need to be successful.
Our students aren’t just satisfied, they have successful businesses on Airbnb and they’re making money.