Has the Airbnb market become TOO saturated? It might not matter if you can rise above the competition and make your property stand out like Katie Cline did. Thanks to luxury amenities, personalized touches, and an unforgettable guest experience, her two rental properties bring in a whopping $30,000 in annual cash flow!
Welcome back to the Real Estate Rookie podcast! When Katie saw a golden opportunity to combine her extensive background in hospitality with real estate investing, she bought two short-term rentals and focused all of her energy on creating places where she would want to vacation. In just eighteen months, this move has already paid off, as this pair of New York properties generates constant five-star reviews and a huge amount of profit that helps build her real estate portfolio!
In this episode, Katie offers some game-changing advice that will elevate your property, increase your bookings, and boost your cash flow. Tune in to learn about the “little” details that will raise your bottom line, using social media as a powerful marketing tool for your business, and the two things Katie believes will set new investors up for success!
In This Episode We Cover:
How Katie makes $30,000 in annual cash flow from just TWO rentals
Making your vacation rental stand out in a saturated market
The keys to crafting an unforgettable guest experience for your Airbnb
The luxury amenities and personalized details that will explode bookings
How to use the power of social media to grow your Airbnb business
Two types of short-term rental portfolios (and which one you should build!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Try Baselane, the One Platform for All Your Property Banking & Finances
Buy the Book “Short-Term Rental, Long-Term Wealth”
Property Manager Finder
The “Luxury” Rental Property That Brings in $150K/Year of Pure Profit
Connect with Katie
Katie’s Instagram
(00:00) Intro
(01:35) Hospitality in Real Estate
(03:02) The Lake George Property
(06:54) Making Your Rental Stand Out
(13:23) Airbnb Strategy & Using Social Media
(19:52) The Saratoga Property
(23:53) Katie’s Investing Goals
(28:45) HUGE Cash Flow Numbers
(32:13) Connect with Katie!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-471
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Real Estate Rookie