727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental
BiggerPockets Real Estate Podcast
Is That Really the Case?
"I always say that you need professional photography and most people will spend the three to 400 bucks to get that," he says. "The day I reposted that photo, we got $18,500 in bookings like the same."
Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year!
On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year.
They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details!
In This Episode We Cover:
Scottsdale real estate and why David and Rob picked this perfect vacation rental destination
The downside of buying dozens of properties and why one large purchase beats many small ones
Finding an investor-friendly agent and why you NEED a rockstar in your real estate market
How much David and Rob spent on furnishing, painting, and fixing this property
David’s five-point matrix for a profitable rental property
Guest horror stories and why you should ALWAYS keep your TV manual
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
BiggerPockets Podcast 680 with Direct Booking Expert, Mark Simpson
The Ultimate Guide to Short-Term Rental Properties
Airbnb Horror Stories (& How You Can Prevent Your Own)
Watch Rob’s Vlog on The Scottsdale Mansion
Learn More About David’s Upcoming Retreats
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727
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