TLDR – What’s The Verdict On Chi Ta AirBnb Program?
If you’re looking for a quick answer, here it is…
No, I don’t think you should buy the Chi Ta Airbnb program.
To be clear, I don’t think Chi Ta is a scam.
But getting landlords to agree to rent out their properties for Airbnb is kind of like trying to get a kid to do their homework on a Saturday morning.
They don’t want to do it!
It’s a hard sell no matter how you try to slice it.
Many states have strict laws against Airbnb. For instance, New York practically bans Airbnbs…
Not to mention, it’s a HUGE risk for property owners.
Noise complaints, property damage, legal restrictions….
Why would they do that, instead of finding a normal tenent who will happily pay the normal rent fees without all the risk and hassle?
And learning real estate isn’t easy either. You have to know which homes and specific neighborhoods are performing well. Then you need to know how to furnish a place…
If you’re someone that gets all their info from HGTV, forget about it.
But what if instead of focusing on physical properties, you could make money from digital real estate?
When you’re a digital landlord, you build digital assets that compound over time. The more assets you build online, the more recurring income you make.
It takes the benefits of Airbnb arbitrage business, but removes the barriers like:
- Inconsistent income
- Lack of control (Airbnb and state laws dictate how you run your business)
- Dealing with tenants
- Dealing with cleaning and repairs
The cool part is that the income is mostly recurring and you could make between $2,000 to $10,000+ per month doing it.
If that sounds like a better plan, you might want to check out Digital Landlord.
Then, you can take the profits and start investing into physical real estate.
But if you want to continue with the BNB University review, keep reading.
Who Benefits From Chi Ta and Who Should Avoid?
BNB University might be worth it if…
- You’re already an experienced real estate investor or agent and want to learn about short-term rentals.
- You have a lot of money in the bank and open to taking on huge risks.
But… learning from Chi Ta might be a bad idea if…
- You have ZERO knowledge about real estate.
- You expect a ton of in-depth training. His course is short and as many redditors have said, you a lot of the info is available for free online.
- You want to earn predictable income, like you would with lead generation.
The BNB University Review: 1,000 FT View
This section covers a bird-eye view of the Airbnb business model and the guru, Chi Ta.
Let’s begin with the basics.
|It takes a lot of upfront work to negotiate with landlords and spruce up the property. But there’s little work once you set everything up.
|Level of Control
|Airbnb rules and state laws are constantly changing. One new update can wipe out your business.
|Ease of Implementation
|You might be pulling out your hair trying to get this to work. Convincing landlords to take a huge risk isn’t easy.
|Profits are okay. You need to be booked often and charge high enough to cover the rent costs set by property owner.
The Airbnb rental arbitrage model works by renting a property from a landlord and then subleasing it to tenants on a short-term basis.
You’ll need to do all the work of furnishing the property, creating Airbnb listings, and incurring on all cleaning and maintenance fees.
The problem is, unlike Digital Real Estate, you have to physically be present at those locations.
Who Is Chi Ta?
|Social Media Pages
|# of Followers
Chi Ta is the brain trust of BNB University. Like Brian Page, he teaches how to build an Airbnb business.
In 2017, Chi Ta started his Airbnb business once his company Senior Advantage Association went under. That happened because The Department of Housing and Urban Development passed a new law that completed changed the qualifications for reverse mortgages.
Recently, Chi Ta’s instagram page has taken off, where he now has 554k followers.
Personal Opinion Of Airbnb Rental Arbitrage Business
If you’ve been a reader of the Center for Worklife blog, you know that I’m a big believer in finding the right mentor and program to help you achieve financial freedom.
So, the million dollar question is, is BNB University a scam?
No, not necessarily. But the value given in his course is underwhelming.
With less than 5 hours of training for $2,497, there’s really nothing to write home about.
Go to YouTube, and you’ll probably be able to find a lot of that information for free anyway.
Even though Chi Ta has done well with his Airbnb business, it doesn’t mean you will either.
States across the US are cracking down on Airbnb businesses, restricting the regions you’re able to do business in and, in some cases like New York, banning short-term stays of less than 30 days!
The truth is, you’re at the mercy of Airbnb and the state you’re operating in.
And I ask you a simple question: Do you really want to run a business that you don’t have full control over?
In a blink of an eye, a new law or new Airbnb rule can derail your business.
If it were up to me, I want FULL CONTROL of my business. I’d rather put in the same few months of work (in my spare time) and build a handful of Digital Rental Properties that each generate $500 to $2,000 checks every month.
Unlike Airbnb, you can run your Digital Landlord business from anywhere in the world, so it’s truly a laptop-lifestyle business.
Many of my friends run their Digital Landlord businesses from cool spots around the world such as:
- A beach house in Hawaii
- A fancy suite in Dubai
- Their camper van in the middle of the woods
using the Digital Rental Method allows you to put your life first. You get to spend time with your family, loved ones or simply just sip on coconut drinks if you like.
You can take weeks or month off, without worrying that your business will crumble. The money just keeps rolling in….
So if this sounds more appealing, using the Digital Rental Method might be for you!
BNB University offers three courses, all catered to people with different goals and experience levels.
- AirBNB Intro Course (Level 1): This program is completely free and teaches you the basics of Airbnb rental arbitrage and why it’s a profitable model.
- AirBNB Management Made Easy (Level 2): It costs $2,497 to join. Here is where you nuts and bolts of what to do, such as how to set up an Airbnb listing, how to add dynamic pricing, and how to pitch property owners.
- Arbitrage Course: The pricing isn’t disclosed for the public, but you’ll get access to work with Chi directly and a community of students.
Conclusion – Should You Buy?
No, I don’t recommend buying BNB University.
To me, it’s simple, if I were to shell out a few thousand dollars for a program, I want to get my money’s worth.
It doesn’t seem like Chi Ta gives enough practical modules and video training to justify the cost.
And even if you made it work, short-term rentals don’t drive predictable income, which is why I prefer this business opportunity instead…
What’s The #1 Way To Make Money Online?
I’ve personally tried all of the major real estate business models such as:
- I’ve rented out extra couch and room to make a few extra bucks off Airbnb
- I’ve fixed and flipped beat-up properties.
- I’ve bought rental properties and found long-term tenants.
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.
But Airbnb just doesn’t give me the sustainable income I want.
That being said, my #1 recommendation for making real money online as a beginner is, hands-down, being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
Time: If you’ve got a spare hour-or-two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
Read Our In Depth Breakdown Of The Top 5 Real EstateOpp Courses For 2024
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Real estate investing is a FULL-TIME JOB. If you stop finding deals, your money dries up.
Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.
If you miss a single payment, the property can be taken from you.
Why pour your soul into a business that could be taken away from you at the drop of a dime?
With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets and owning A LOT of them.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases and the effort put into creating the next property decreases.
Best case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with real estate investing, you would need twice as many properties or double your profit margins on each property. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
Make Money Helping Real People: With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other opportunities BNB University, which might make you money.
You could keep researching and researching for the next few months (or a few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people who need it.
If this sounds like you, click here to see how it all works.