Airbnb Hosting: Transitioning from a Traditional Landlord
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Airbnb Hosting: Transitioning from a Traditional Landlord

Does It Make Sense To Make The Switch From LandLord to Host?
4.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
9 students enrolled
Created by Sharon Cunnington
Last updated 4/2016
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Current price: $10 Original price: $45 Discount: 78% off
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  • 1.5 hours on-demand video
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Make informed decisions on the transition from Traditional Landlord to Host
  • • List the pros and cons of converting your existing traditional rental (e.g. 1 year lease) to a nightly or short term rental
  • • Decide if a short term rental (like Airbnb, VRBO, FLIPKey etc) can help you achieve your life goals
  • • Recognize if you have the skills and temperament to be successful
  • • Increase your understanding of what is expected in a sharing economy
  • • Think through all the components of making the switch or possibly trying it out by converting just 1 unit
  • • Exposure to legal differences and similarities between long term and short term rentals
  • • Explore the financial differences and record keeping
  • • Increase revenue by transitioning from a long term rental property model to a short term property model
  • • Vette guests so you rent to the best
  • • Build a great guidebook and welcome package
  • • Price dynamically
  • • Learn how to differentiate your unit and yourself
  • • Make it fun and rewarding so you get repeat guests
  • • Save $ when setting up your unit
  • • Manage the day to day activities to reduce your time required
  • • Make informed decisions on setting up, listing and managing a short term property for long term success
  • • Ideas on mitigating risks
  • • Compare maintenance and management to what you are doing today
  • • Build social capital and understand the peer review system
  • • Understand responsibilities to your neighborhood and setting expectations with your neighbors
  • • And much more….!!!!
View Curriculum
  • nothing is needed, just a willingness to learn

Do you currently own rental property or have you wondered if running Airbnb or VRBO rentals are right for you? If so this course is for you. You will learn in detail the differences of being a traditional landlord and becoming a host of an Airbnb space. You will have a better understanding of the many decisions you need to make to see if this new rental model will work for you. You will get a spreadsheet to help you assess the financials – how much more money will you really make and is it worth your time and effort. The cheat sheets and videos will help you answer other burning questions like: What is involved in setup; How do I protect myself; What does it take to be successful in this new business; and much more. It might make sense to convert only 1 of your units and try it out first – take this video and make your own educated decision!

As a traditional landlord you might have a flexible schedule, freedom to travel and do what you want with your time.  Many students ask me does this change – will my lifestyle change? It might but it doesn’t have to. Take the course and figure out how to create a semi-automated process so you can retain your flexibility.  You can still travel the world, pay for school, or achieve your dreams with a short term rental – you just have to be smart about how you do it so you stay in control of your schedule.

Who is the target audience?
  • • Anyone who has a traditional rental property and is thinking about converting it to an Airbnb model
  • • Current landlords who rent out their rooms/duplex/tri-plex, 4-plex, apartments, etc.
  • • Anyone thinking about purchasing a rental property
  • • Anyone interested in making money to help them achieve their personal goals e.g. school, travel
  • • Current Airbnb, VRBO hosts who want to go to the next level
  • • If you aren’t ready to roll up your sleeves and work hard to be successful, you may not find this course useful
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Curriculum For This Course
15 Lectures
Introduction & Overview
2 Lectures 07:19

This lecture provides an overview of basic terms and Traci shares her incredible story converting from a traditional landlord to Airbnb.

Preview 05:04

We’ve created the Shared Housing Lifecycle as a framework to help guide you through the decisions and steps involved in the conversion of your current rental units to a short term rental space.

Preview 02:15
Start Here - Let's Take Action
5 Lectures 40:54

Answer these questions before making your decision to convert.

Preview 10:10

Learn tips for setting up your site so you can save money and time.

Amenities Needed For Setting Up Your Site

Learn what areas of the business you might want to develop templates or automate to help save you time.

Efficiency, Processes, and Developing Systems

At the end of this lecture you will be able to easily register yourself and your space.

Register as a Host & List Your Space

Listing your space is so critical there is another lecture on it.

Listing Your Space Part 2
I'm Committed, Let's Keep Going
5 Lectures 35:02

This lecture will provide you with ideas on how to run your space and make the day to day activities fun.

Run Your New Business & Build Social Capital

Community is critical to success; this lecture will give you ideas on how to stay connected, learn from others and share your story.

Be Part of a Community

The old saying is “make your money on the buy, keep your money with management”, maintenance is a big percentage of property management so you’ll learn how to keep more of your money.

Maintenance, Don’t Let It Keep You Up

This lecture provides you an overview of the finances as cash flow is king!

Financials, Make Money or Go Home

How much is your time worth, I’ll walk you through a financial worksheet to help you determine your cash flow and your returns.

Math Is Fun, Calculate Your Return On Investment
Know Your Exit Strategy - Closing The Doors
1 Lecture 01:51

As with traditional buy and hold rental strategy, you always want to know your exit strategy.

Shut Down, Time to Close the Doors
Ready To Make BIG Money!
2 Lectures 11:57

This lecture summarizes what is different between being a traditional landlord and running a short term rental.

Break It Down - What is Really Different

This quiz checks your understanding of the lease differences between long term and short term rentals

Leasing Differences
5 questions

Don’t be confused on your next steps – we’ve outlined them for you; tick them off 1 by 1 to begin your journey.

About the Instructor
Sharon Cunnington
4.5 Average rating
4 Reviews
65 Students
3 Courses
Entrepreneur, Real Estate Expert, Coach, Inventor

Sharon Cunnington is a Real Estate Investor  and Private Lender who has been the buyer and seller in many real estate transactions in the last 15 years. Sharon is also a licensed Real Estate Broker specializing in helping fellow investors find positive cash flow investment properties. Her portfolio consists of single and multifamily properties located primarily in the Pacific NW and Midwest. Sharon is on the Board of Washington's Rental Housing Authority. As a software industry veteran, Sharon has over 23 years’ experience leading large scale international technology businesses. Her expertise ranges from product development and business strategy, to operations efficiency and project management. Sharon lived in Europe for 3 years and has been active in the non-profit sector volunteering and serving on a variety of Boards. Sharon holds 8 patents in the intersection of technology communications and human emotions and has won several presentation and research awards. She is a graduate of Washington State University with graduate courses from Harvard and Kellogg School of Business.