Starting a real estate business is one of the best ways to achieve financial freedom, replace your W2 income, and leave your nine-to-five. Why? Because you don’t need a ton of money OR a rental property to get started. Today’s guest built a million-dollar business with just $150, and in this episode, she provides the blueprint for you to do the same!
Brittany Hailey and her husband were living in an expensive market and working low-paying jobs when they were introduced to short-term rentals. They eagerly bought a house and turned their mother-in-law suite into an Airbnb, and right off the bat, this tiny rental skyrocketed to the top of the listings and covered 100% of their monthly mortgage payment. With proof of concept, Brittany decided to launch her own management side hustle with just $150. Little did she know that this fledgling business would soon allow her to quit her W2 job and bring in over $1,000,000 in annual revenue!
Ready to launch your own profitable real estate business from scratch, just like Brittany did? Tune in as she shows you how to start a vacation rental management company with little to no money and scale it into a wealth-building machine. Along the way, you’ll learn which services to offer, how to compete with national brands, and how to keep homeowners and guests happy!
In This Episode We Cover
How Brittany started a real estate business with $150 (and grew it to over $1,000,000!)
Covering your entire mortgage payment by converting extra space into rentals
How to create multiple streams of income within your real estate business
The FIRST hire you should make when building your real estate team
The advantages small businesses have over national vacation rental brands
How to keep homeowners and guests happy when managing a short-term rental
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Join the Real Estate Rookie Facebook Group
Find Investor-Friendly Lenders
Property Manager Finder
See Tony and Ashley at BPCON2024 in Cancun!
Grab Your Copy of “Short-Term Rental, Long-Term Wealth”
Real Estate Rookie - Episode 373: Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business with Nicole Rutherford
(00:00) Intro
(00:48) Launching Her Airbnb
(05:22) Leaving Her Nine-to-Five
(12:41) Vacation Rental Management 101
(18:44) What Services Should You Offer?
(23:30) Competing with National Brands
(26:19) Creating Multiple Income Streams
(35:12) How to Build Your Team
(40:52) Over $1 Million in Revenue?!
(44:12) Connect with Brittany!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-433
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