Paying Off $130K Debt in ONE Year With THIS Real Estate Business

Building a real estate business is one of the best ways to unlock financial freedom, but that’s not to say that every strategy is the right fit for you. Today’s guest had to strike out multiple times before arriving at the perfect real estate investing strategy!
Like many new investors, Nicole Rutherford got her start in the rental arbitrage space, where she would bring in at least $1,500 per unit each month. But once landlords decided to raise rents and more competition arrived, her profits evaporated and her Airbnb bookings took a nosedive. Suddenly, she was hemorrhaging money. With $130,000 in debt, Nicole was forced to cut her losses and start over. Rather than giving up on real estate investing, however, she simply pivoted to another strategy. Just one year later, Nicole is debt-free and runs a thriving Airbnb co-hosting business with fourteen units!
Whether you’re new to the world of real estate or looking to pin down your strategy, there’s plenty of helpful information to glean from this episode. Tune in as Tony and Nicole discuss the differences between arbitrage and co-hosting, the different services that co-hosts provide, and what to include in your co-hosting agreements. You’ll also learn how to leverage your network to find your first clients and how to build trust with property owners!
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Making $140K/Year & Retiring His Wife in 18 Months with “Rental Arbitrage” w/Keron Bryce:
www.biggerpockets.com/blog/ro...
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How to Start an Airbnb Business in a Brand New Market:
www.biggerpockets.com/blog/ro...
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Rookie Reply: How to Choose Your Real Estate Investment Strategy:
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Connect with Nicole:
BiggerPockets: www.biggerpockets.com/users/n...
Instagram: @_nicolerutherford_ or / _nicolerutherford_
LinkedIn: / nicolemarierutherford
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Connect with Tony on BiggerPockets:
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Connect with Tony on Instagram:
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
00:52 $130K Debt from Rental Arbitrage?!
10:27 Finding Real Estate & Arbitrage Mistakes
17:52 Scaling the Co-Hosting Business
24:45 How to Get Airbnb Clients
31:29 Co-Hosting Services & Agreements
38:05 “Hot” Markets & Investing “Myths”
41:46 Connect with Nicole!

[@grabthemappodcast]

The detail about offering full transparency to property owners stood out to me. It's rare to find that level of honesty and openness in business relationships.

[@TheNicoleRutherford]

Thank you! We appreciate transparency when we are working with people/businesses and want to provide the same service we would want to receive ourselves.

[@Storybooktea7167]

I wish you came on the podcast two weeks ago! I just moved all of my furniture out of my air BnB property. I needed help.

[@TheNicoleRutherford]

It is SO much work!! 😅 if you need help on your next property, let me know!

[@theonerealestatesecret]

I love this interview. Great idea on getting into real estate without the large cash outlay. Thank You.

[@theresamcgallicher]

Co-hosting is managing someone else's Short Term Rental property for them in exchange for a cut of their profit.

[@ValensRentals]

Hi there! Thank you so much for watching my interview 🤗 I absolutely love co-hosting and super happy to answer any additional questions someone has about co-hosting.

[@dhowto3005]

Congratulations Mrs. Nicole Rutherford on your co-hosting success. This interview shared a lot of good information.

[@TheNicoleRutherford]

Thank you so much! I greatly appreciate it 😊

[@TheKhaosripit]

Does anybody know anything about acquiring assets through tax deed investing/ delinquent tax properties in Kansas State not (Kansas City Missouri)

[@dara.carrillo]

Great episode. I'm curious to learn more about the numbers and how the fees are set up between the owner and rhe cohost.

[@TheNicoleRutherford]

Hi Dara! Thank you so much.
All about transparency here- We take a 15-20% fee of the nightly rates 😊 if you want any more detailed information, feel free to contact me.

[@rssoto8245]

What specific course was she referring to?

[@TheNicoleRutherford]

I don’t publicly want to bash anyone. There are other people in the course that had a lot of success so it’s not that the course was bad itself but I just wish I would have done more research on the person running it. It was a course just for rental arbitrage

[@christie4336]

Is this an investment? Or a job?

[@TheNicoleRutherford]

Co-hosting is certainly a business model, but if you can scale it and have people working under you, then could become much more passive. I do work in our business

[@marylouisone]

Wow going into a property with out seeing it ??? What about videos !!! Boots on the ground ?

[@TheNicoleRutherford]

That was one of our biggest newbie mistakes 😅 the landlords & agents did send us videos but they did not properly reflect the property conditions