Million Dollar Renter Review (2024): Is Sean Rakidzich Worth It?
"Airbnb arbitrage" is a popular business strategy for those interested in operating short-term rentals, and Sean Rakidzich is confident that everyone can create a six-figure income using his Million Dollar Renter program.
However, even though Airbnb has the potential to be profitable, the business model is not without its difficulties. It can be challenging at the outset for newcomers. Negative comments from customers, complaints from neighbors, slow business periods, and other various issues.
Can Sean's automated tools overcome these difficulties? Or is Airbnb just as volatile as regular real estate investing?
Let's find out.
This Million Dollar Renter review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.
- The courses are recorded videos
- 14-day refund policy
- Some valuable resources are free
- Pricing is not revealed in some courses
- Lacks negative reviews
- Airbnb is getting more competitive
Why Listen To UsMy name is Josiah, and this is my Dad, Joel.
Together, we make up the team here at Scamrisk.
If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.
In early 2020, I had just graduated from college & had no real career prospects.
I knew I was destined for something more, but I had no clue how I was going to make it happen.
I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.
I had fiddled around with some different online businesses in college:
Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.
Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.
All I really wanted was to find something that was going to actually work for me.
Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.
So I searched! And searched… and searched… and searched…
And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).
I didn’t really want to be “rich”.
The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.
Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.
I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.
Fast forward a few days and a few phone calls & I was enrolled!
Here’s the first “money making website” I put up:
I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.
The best part to me? My dad and I get to do it all together!
So between the:
Is why I recommend local lead generation as my #1 business model for making money online.
Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.
I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!
Million Dollar Renter is an AirBnb short term rental program.
Like most Airbnb courses, you’ll likely be exposed to the “Big 3” Airbnb types:
- short term rentals
- long-term rentals
Regardless of which path you go down, there is a lot of potential with AirBnB
After all, it’s the world’s oldest wealth-builder re-imagined.
However, before you leave this Airbnb Pricing Workshop review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into AirBnB?”
Because, no matter which way you slice it, airbnb investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into AirBnB.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of Airbnb investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic guests
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in Airbnb down the line.
However, if you’d still like to know more about Million Dollar Renter, keep reading.
What Is Million Dollar Renter?
Milllon Dollar Renter is an Airbnb program ran by Sean Rakidzich. It offers Sean's advice on starting an Airbnb rental arbitrage business, claiming you can make a million dollars in real estate without ever buying a property.
Airbnb rental arbitrage is a strategy that, in some places, can help you save money. Buying cheap rental properties and turning them into money-machines is obviously attractive to investors.
According to Sean's LinkedIn profile, Million Dollar Renter owns and distributes the top education product for the vacation rental market. Not bad.
Some of these programs will answer easy questions like "can Airbnb hosts review guests?", but Sean's Airbnb automated community promises to go deeper than that when breaking down what attracts Airbnb guests.
Who Created Million Dollar Renter?
For those looking to learn more about short-term rentals and Airbnb, Sean Rakidzich claims to be the man to learn from.
He is the creator of the Airbnb Automated YouTube channel, offering free Airbnb lessons on his channel to help other hosts grow their vacation rental businesses.
In addition, Sean is the mind behind Basilisk, a creative solution to some problems found in automated Airbnb services. He also serves as President of Media Press Promotions, a company that merges direct marketing with digital tools to generate effective audience expansion initiatives.
The Million Dollar Renter website claims that Sean currently holds 155 properties in his Airbnb portfolio spread out across eight cities. Without even purchasing a home, he now claims to make over $200,000 a month from his Airbnb business.
By automating every aspect of his Airbnb business, he was able to take a year off in 2021. As an Airbnb host, he has earned nearly $10 million in total.
What Does Million Dollar Renter Offer?
Airbnb MBA 2.0
If you want to start a business in the short-term rental industry, Airbnb MBA 2.0 is the free course you could start with. The course curriculum includes, but is not limited to, the following topics:
- Airbnb Millionaire Explains What Airbnb is & How to Airbnb Owning no property
- How Much Does an Airbnb Cost?
- The Math Behind Short-Term Rentals And Rental Arbitrage
- How Much Sean Made His First Year On Airbnb
- Is Airbnb The Right Business for YOU?
- Airbnb Pricing Strategy 101 A Beginners Guide
- The six things you must change on your Airbnb Listing Immediately After Publishing
- Airbnb Property Management Tutorial Cleaners, Cohosting, and Admin Accounts
RE: Algorithm ($174)
The RE: Algorithm video is a 2-hour webinar where Sean explains how to beat Airbnb's filtering system and get on the front page.
Target Price ($410)
Target Price instructs students in developing a pricing plan "that drives bookings and maximizes profits." Topics covered in this in-depth, 161-minute webinar include:
- How to access the proprietary price calculation tool
- How to spend $0 on cleaning fees
- How to set your price based on your competitors
- How consumer psychology can affect pricing
Pricing Masterclass ($525)
In Pricing Masterclass, Sean reveals his tried-and-true strategies for generating revenue.
"My pricing strategies have proven more than anything else on the internet, with thousands of testimonials."
Topics covered in the training include:
- Intro To Pricing Strategy
- Introduction To Length Stay Discount
- Introduction To Dynamic Pricing
- Pricing Definitions
- Pricing Settings With Or Without Cleaning Fees
- Pricing Techniques With Rule Sets
- Using The Multi Calendar
- Booking Velocity
- SEO Strategy
Closers Crash Course
This 5-hour Closers Crash Course will teach you everything you need to know, such as renting with bad credit, negotiation, property acquisition, etc.
It also includes:
- Where To Find Properties
- Free Market Research Airbnb Host Growth Hacking
- Script For Single-Family Properties
- Script For Multi-Family Property (Apartments)
- Five Options for Securing a Rental Home Despite Poor Credit or a Past Eviction
- How To Negotiate Deals In Person - Beginner To Expert in 27 Minutes
Big Data ($180)
Big Data is a 142-minute webinar and is dedicated to studying the vacation rental business. Sean promises to educate his students on the significance of data, the meaning of data, and how to use data to identify the best properties available.
Sean's proprietary research methods, cutting-edge tools, and competitor analysis are included in this product, and have been featured in many an Airbnb Automated review.
Is Million Dollar Renter A Scam?
So, is Million Dollar Renter a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Sean Rakidzich makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and - most importantly - the actual profit margins on Airbnb investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months - looking at deals, sending out offers, negotiating with the seller and lender to buy an Airbnb property - and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike Airbnb, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Million Dollar Renter?
Yes, there are plenty of other business models to choose from if you want to pursue this method of making money online. Here are just a few:
- Local Lead Generation
- Digital Real Estate
- Real Estate
- Website Building
What Is My Top Recommendation For Making Money In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Handling an Airbnb rental is a full-time jobs (and more), no matter what any guru tells you. You always have to be keeping up your units, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in Airbnb you kind of “own” the properties. But there’s also a ton of debt tied to most Airbnb investments, and rowdy guests can wreck a home overnight...so it's not really yours.
A lender can also take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket...even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With Airbnb, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs, profit margins are slim.
Plus, you never know if there will be another pandemic, bankrupting everything overnight.
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Airbnb investing, you’d have to double your monthly rates, double your number of properties OR double your profit margins. And I can guarantee that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either...a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Million Dollar Renter which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.
#1 Business Recommendation
We each make around $10,000 per month with the help of this system.yes, show me more