#366: How We Make $140K/Year with One Rental Property

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm

🎙️ Episode #366 – 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!

▶️ Next Episode: House Hacking Guide  https://podcasts.apple.com/us/podcast/the-house-hacking-guide-how-to-hack-your-housing-live/id1448707654?i=1000428608108

📄 Show Notes: https://www.coachcarson.com/airbnb140kyear/

🎬 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

🔗 Episode Links:

• Get Joe's Short-Term Rental Tech Stack: https://www.coachcarson.com/strtech
• Book your Stay in Kalispell, MT: https://book.switchbacksuites.com

🔗 Connect with Joe:

• 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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📙 Retire Early with Real Estate

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