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Tiny House Lifestyle Podcast

How to Transform Tiny Homes into Profitable Rental Ventures

May 10, 2024
55:20

MJ Boyle is a mastermind in the tiny house community and the founder of several successful tiny house businesses, including My Tiny House Village and Oregon Teardrop Rentals. MJ has not only built and rented out nine unique tiny homes but has just embarked on transforming a construction trailer into an alluring tiny home called โ€œMy Tiny Bunkhouse.โ€

In today's episode, MJ will share her innovative approach to waterless and odorless toilet systems that enhance both guest and staff experiences. We'll also delve into the art of rehabilitating and renovating tiny structures, a skill MJ has honed over years of experience, turning dilapidated shells into dream homes with sustainable practices. Join us for a comprehensive discussion on maintaining high occupancy rates, exceptional guest satisfaction, and the strategic intricacies of managing multiple tiny house locations efficiently. Itโ€™s a packed interview you won't want to miss!

In This Episode:

  • Pet-Friendly Policies ๐Ÿพ: MJ allows pets but requires a deposit and adherence to specific rules to grant a free stay, addressing the challenge of finding pet-friendly rentals.
  • Flooring Choices ๐Ÿก: Luxury vinyl flooring is highlighted due to its scratch and water resistance, plus its ability to make spaces appear larger.
  • Built-In Furniture ๐Ÿ”จ: Stability and practicality are achieved through built-ins instead of traditional furniture, tailored to renter needs.
  • Profitable Rentals ๐Ÿ’ธ: MJ shares a success story where investing in tiny homes yielded substantial profit and emphasizes the importance of long-term planning.
  • Laundry Logistics ๐Ÿงบ: Discusses the high costs and logistical challenges of laundry management across multiple rental properties in different states.
  • DIY Composting Toilet ๐Ÿšฝ: MJ designed a cost-effective, odorless composting toilet system using buckets, wood pellets, and cedar shavings, enhancing guest experience.
  • Property Rehabilitation ๐Ÿ› ๏ธ: MJ transformed a dilapidated trailer into a functional and inviting tiny home, showcasing her talent in renovation.
  • Business Growth During COVID ๐Ÿ“ˆ: The pandemic brought high demand, with rentals fully booked for an extended period, demonstrating business resilience.
  • Infrastructure Challenges ๐Ÿ”Œ: MJ recounts the technical and regulatory hurdles in establishing a new site for her tiny house village.

Visit the show notes page for more photos, links and resources.

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