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

Lesson 2: Dial In on the Perfect AreaLesson 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 ateTake 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 areaCheck the seasonality of the area
• Determine if there are any short term rental restrictions in the areaDetermine if there are any short term rental restrictions in the area

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

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

Lesson 4: Assemble Your A-Team (Realtors)Lesson 4: Assemble Your A-Team (Realtors)

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

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

•  Follow-up with realtor to meet with homeowners Follow-up with realtor to meet with homeowners

Lesson 5: Work Directly with HomeownersLesson 5: Work Directly with Homeowners

• Identify homeownersIdentify homeowners
• Public recordsPublic records
• Linked-InLinked-In

Real Estate SitesReal Estate Sites

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

Lesson 6: Evaluate Property Profitability PotentialLesson 6: Evaluate Property Profitability Potential

• Find properties that have potential revenue of at least a 2X lease rateFind 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?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 profitDetermine 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…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 CourseAvai. 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 DaysThe Shortcut To Making 6 Figures From ONE Luxury AirBnB Rental … In Under 180 Days

Introducing The LuxHomePro Profit FormulaIntroducing The LuxHomePro Profit Formula^™™

The LuxHomePro Profit FormulaThe 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. 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.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 resultsBattle tested and proven results

The methods taught in the LuxHomePro Profit FormulaThe methods taught in the LuxHomePro Profit Formula^™™ program have been battle tested and proven with students around the world. 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 The program has created new rich millionaires, 4-hour work weeks, freedom, wealth and SECURITYSECURITY in the “New Economy”. in the “New Economy”.

The perfectly engineered change agent

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

Proven Process

We turned the unknown gray area of how to start a luxury vacation rental business into a precise We turned the unknown gray area of how to start a luxury vacation rental business into a precise sciencescience. While others use guesswork, we use a predictable process. Our methodology has been documented and proven over and over and over.. 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; We engineered a new way to think and reprogram your mind that’s so profound; it’s like seeing for the first time.it’s like seeing for the first time. Successful people take  Successful people take lifetimeslifetimes to build their mindset for success. We figured out how to install a new paradigm in just  to build their mindset for success. We figured out how to install a new paradigm in just weeksweeks..

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

Expand All: 52 ModulesExpand All: 52 Modules

PILLAR 1: LOCATE 7 ModulesPILLAR 1: LOCATE 7 Modules

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

PILLAR 2: NEGOTIATE 6 ModulesPILLAR 2: NEGOTIATE 6 Modules

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

PILLAR 3: SET UP 6 ModulesPILLAR 3: SET UP 6 Modules

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

PILLAR 4: MARKET 6 ModulesPILLAR 4: MARKET 6 Modules

• Lesson 1: How to get your property listed at or near the top of every search engineLesson 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 bookingsLesson 2 and Lesson 3: Optimize your listing for maximum bookings
• Lesson 4: Price your luxury home for maximum profitabilityLesson 4: Price your luxury home for maximum profitability
• Lesson 5: Provide stellar customer serviceLesson 5: Provide stellar customer service
• Lesson 6: RecapLesson 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 successfulThis is not your typical “course”. We provide you with everything you need to be successful

LuxHomePro Profit Formula

• 90 day training program90 day training program
• Community + Coaching CallsCommunity + Coaching Calls
• Documents, Tools, ResourcesDocuments, Tools, Resources
• Live Intensive “On The Job” TrainingLive Intensive “On The Job” Training

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