Real Estate Investing with Coach Carson #366: How We Make $140K/Year with One Rental Property
β Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
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ποΈ Episode #366 β Curious how a single Airbnb can pull in $140K a year? Joe and Katie transformed an underperforming property into a thriving short-term rental. From securing the deal and navigating construction setbacks to delivering top-notch guest experiences, you'll learn the strategies that turned their challenging first year into a $140K success!
βΆοΈ Next Episode: House Hacking Guide
π Show Notes:
https://www.coachcarson.com/airbnb140kyear/
π¬ Timestamps:
00:00 - Initial Property Purchase and Remodel Costs
09:21 - Challenges and Cash Flow in the First Year
11:18 - Expanding Their Target Rental Market
12:13 - Airbnb and VRBO for Short Term Rentals
13:09 - Google Reviews for Growing Your Business
14:56 - Hospitality and Design Elements
30:29 - Increasing Value of the Property
33:42 - Partnership Structure and Benefits
39:36 - The Future of Switchback Suites
47:57 - Advice for Aspiring Real Estate Investor
π Show Links:
Get Joe's Short-Term Rental Tech Stack: https://www.coachcarson.com/strtech
Book your Stay in Kalispell, MT: https://book.switchbacksuites.com
Switchback Suites on Instagram: https://www.instagram.com/switchbacksuites/
Joe on Instagram: https://www.instagram.com/joe_r_jimenez/
Joe's Previous Episode: "How We Turned an 8-unit Building into a Cash Flow Machine in 6 Months" https://youtu.be/WHO9iA1RZW0
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https://www.coachcarson.com/toolkit-pod
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π° DealMachine β Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine