I Rented Out My House for Coachella. Here's How Much Money I Made and What It's Really Like!
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- เผยแพร่เมื่อ 21 เม.ย. 2023
- This is the 2nd year I've rented out my house for coachella - here's what it's really like!
My direct booking site for the racquet club resort: platform.hostfully.com/vacati...
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me, someone who has no interest in running an airbnb: this is so helpful! i hope you know you’re so freaking good at what you do!
hahahaah. Also I love your videos Damon!! The editing is sooo good
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.
@@bernisejedeon5888 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
“Julia Ann finnicum” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Owning a property is such a huge responsibility. I've been in my house for 18 months and the maintenance, keeping it looking nice.
Agree! 3 years and it’s still blows my mind how much it takes to keep up on
Been a home owner for 7 years and there's always something that needs to get done
LMAO you all know nothing about maintenance, my last house was 7,000 sq.ft with a 2,500 sq.ft guest house, 2,000 foot long driveway on 21 acres. You want to learn about wallet breaking maintenance, buy a house like that. 😢$1,000 a month alone to cut grass.
And people don't pay rent and won't leave!
@@venom5809 LMFAO you know nothing of maintenance, my last house was 10,000 sq.ft with a 4000 sq ft guest house. 1/2 mile drive way on 30 acres. You want to learn about wallet breaking maintenance, buy a house like that. 5k a month alone on tree pruning out in the family orchard
It makes me so happy to see all the positive comments! This video was amazing Shelby. They’ve been getting better and better and they were already so good. Can’t wait to see what this year holds for you 😊
I love how well edited and put together your videos are, and I believe you do all the filming & editing yourself. Such amazing work ethic!
I love how transparent you are about the numbers. And the quality of the video is amazing. Always fun to watch!
These updates are great!
Always love how open you are about everything that you do, Shelby! It's like I'm learning from your wins and losses, and it's awesome because you're teaching me what NOT to do if I want to be successful in life. That includes what you've done with your TH-cam channel and how far you've come.
This editing style feels different but in a good way, and I'm here for it. Keep crushing it, Shelby.
It’s always a good morning when I hear from you! I agree, hang in there I’m sure you’ll be profiting. It’s been a learning year for you. Love seeing you enjoying your pool! 🍹
I love your videos explaining everything in such detail instead of being vague. Thank you!
Your videos are TOO good!! def wanna stay at your place soon
Always astonished with how amazing your editing is! I loved this video, chefs kiss 😅❤
And props to you for always being so honest about stuff like this!
I can almost guarantee she has hired someone to do her editing.
You can tell Shelby is having fun with making her videos now… I already love this! Keep it up
Loooooooved this video! The editing is amazing, and you look SO happy Shelby. ❤️
This is my favorite (arguably the best) finance channel! Thanks Shelby!
Shelby, love your breakdown of costs, and Airbnb STR. Thanks for your honesty
What a great video! Your use of b-roll in your videos gets better and better with each video! The production quality is better than most TH-camrs I’ve seen. Very talented :)
I loved the clips in this video! Like on the pool float, drone, etc. Very nice twist on your usual clips at tour Airbnb!
you're my favorite youtuber. you're so down to earth and really share your knowledge no clickbaits. you're the best
You are doing it, girl! Keep up the great work, I'm so inspired by it! I can't wait to see what else you share
Incredibly professional videos/editing/content! So excited you're going solar - looking forward to that video, especially the tax credit info!
Love following the progress and updates on all this. Thanks Shelby for sharing
just taking a step back because I'm kind of blown away by the production level of this video. Although appearing very casual, I can see all the thought you put into making it. Amazing sound quality on that mic too.
Great video! Lots of good information, well thought out. It's always fun to see what you are up to next.
This looks so well produced! Another fantastic video
Great video again Shelby. Love that you wore your blouse which you shared before I believe in Seattle. Love ❤️ the coverage you shared
Shelby, I love your videos for your honest transparency! ❤
Such an excellent video!! I can tell how much effort you put in to the production for this one. Please keep these videos coming!
As always, love your content. Thank you for your transparency.
This is such an insightful and interesting video! I'm so glad to see you doing updates on your airbnb and sharing the ups and downs. I think a lot of people make it seem like it's an easy way to make passive income while in reality it requires so much work and a lot of investing. 😊
These updates ❤. Your transparency is so refreshing
Shelby, you really stepped up the video editing quality. Congrats! Also, loooved the pink top, looks great on you. Keep it up! Fan from 🇵🇹
Congrats on a successful month in April! Really interested to see how the Airbnb does! As always, you have such great video/filming quality quality!
Love the videos, thank you so much for keeping us posted on all this, its super interesting.
Love this content but also want to tell you that your videos get better quality each time you post. This is the coolest and best editing I’ve seen you do so far and I’ve been following since like 2013
Your videos are very very very well made. Wow! I appreciate the effort you put into your videos and I like that you edit them since your personality shows in the edits.
Hello shelby from London, I discovered your channel and just want to say well done for been an independent woman and sharing your knowledge with the world. So proud of you as a older sister! Ps. The is weather looks lovely and scenery is amazing.
Love the video! Thanks for the transparency Shelby!
P.S. the b-roll was bomb in this one!
Your filming and editing is always top tier. I love watching your videos, they are so interesting
Great video! Thanks for sharing! I'm always surprised to hear that people want to heat their pools when they live in a hot climate like Palm Springs or Las Vegas. I would think that having a cold pool would be preferred. I remember staying at a ski resort in Park City Utah in the winter and I loved having a heated pool when it was 30 degrees outside but, When it's in the 80's and 90's outside, I would think that you'd want a cool pool. Thank you so much for sharing all of this information though! I've learned so much from these videos!
You do such a great job on these type of videos, and I really enjoy the financial transparency and detail.
The way you filmed this is incredible. Bravo
Your editing and shots are so good! Amazing you do all this yourself
I enjoy your channel. We sold our VRBO mountain house 2 years ago and I can’t believe how stress free life is without dealing with all that. It was a great deal because we bought below market in a down market and held it for 12 years. But, it sure felt good to take the appreciation of value and eliminate the headaches of operating a rental
Shellby this my 5th year i followed your channel. I think you have grow up as as person also as a business woman. Your past videos were about simple things like a table or a camera. Nowdays you are are successful business woman. You receive mainly from youtube your incomes but you invested them in some creative businees so in that way you have more revenues than just put your money in a bank account to wait for some interests. Congratulations Shellby for your growth as a person and also as a business woman .
You inspire as well as teach honestly and clearly. A+++
And, so I subscribed! I love your creative, business poise..all I got for now 😉
I love it when you do these kinds of videos and break the fourth wall!
Great video, filming, comparison delivery, and your BROWS LOOKS SO GOOD!!
Thank you!!
Great video, Shelby! And good call on charging for pool heat. Aside from covering some of your costs, you'll also be able to potentially capture guests who don't plan to use the pool and therefore don't want to pay an inflated nightly rate for a heated pool they won't use.
yes! and I got new liability insurance from your guy!!
Oh that’s great news! He always comes through for us!
Definitely you’re amazing. Such a good video and doing very well 👍🙏 keep going you go far 👍
This channels videos are informative. Always worth watching.
Very cool, love seeing the behind-the-scenes financials for your Palm Springs house!
The video editing was fire Shelby
Shelby your editing!!! This style is so fun!!
Thank you!! I wanted to bring the Palm Springs vibes into the video haha
Fantastic shots in the video! Loved the drone shots and I think you used your new sliding thing...? Great job!
Hi Shelby!! Great profit for April 2023!! Love you!! ❤❤
Great update. So glad you're adding solar panels.
For cheap pool heating: I highly recommend that you get a bubble pool cover. It's literally like a huge sheet of bubble wrap that you can cut to the shape of your pool. Pretty cheap, maybe a couple hundred bucks, and it can raise the temp of the pool by nearly 15-20 degrees just from the sun! I was shocked at how well it worked! We now have passive solar heating for the pool, but the bubble wrap def works, super easy on and off, no maintenance and free heat from the sun.
Could you expalin me about pool heating?
Wouldn’t I be needed for colder months ? Like if Coachella is hot around this time wouldn’t you not need pool heating ?
Loved the overall aesthetics of this video!
Super excited to see the solar panel video!! 🌎☀️
San Juan County WA recently capped STR permits. Orcas island will not receive any further permits until we lose about 200. Our permits run with the land like an easement. This increases the property values of current permit holders and will basically eliminate new permits being issued. You can add a premium of $100-$200K for a house with a permit to it’s value.
This is nice info!! Btw, @6:40 that beige is so your color!! Looks great!
Hi Shelby thanks for the content! In the future, you could potentially swab your pool heater to an electric one to cut the gas bill. There are also lots of ready-made solar pool heating systems you can buy.
Have you considered solar heated tubes for the pool? They use them out here in vegas a lot and are a good alternative to gas or electric pool heaters.
I love the editing style of this video!
Regulatory ladder-pulling is always going to result in outsized profits. Thanks for the update, I do long-term rentals and enjoy hearing about those having some level of success in other spaces.
Shelby. Your channel is very informative and I encourage you keep it going.
I have a suggestion regarding your Palm Springs property. Get an inexpensive "bubble wrap" type of pool cover and a spool to store it on. The cover will significantly heat the pool (especially in PS summer heat) for "free" and will significantly reduce your pool chemical bill. Your clients request for pool heating will probably decline. There is one possible issue: liability. If someone were to try to swim with the cover on the pool, issue. BUT, simply make a requirement on your property manager to remove the cover prior to the rental and then reinstall it after the rental expires. The heat loss will be insignificant compared to running without gas heat.
The aesthetics of this video are so on point.
Can't wait for that solar panel video - was literally typing out a question when I heard you mention it in the video lol but there's also solar rooftop pool heaters you might want to look into. I think it's cheaper to run than a traditional gas one, and if it's very warm/sunny where you live it might even be more efficient. My parents have one here in Canada, so... Might be worth a google.
You should really look at solar pool heat. My parents installed it and ir works amazing when you have good sun. Even if you need some gas it's still WAY cheaper. It's also not a super high install price. I think you would get more of a savings than the regular solar power you will be getting.
I love when you do videos like this!
Everything ages 3x faster in PS, just got a new filter system and my pool was built only 4 years ago. House is looking good! Do you charge separate for EV parking? I’ve referred quite a few people to Racquet Club. Before I purchased a home, I rented villas there and paid up to $50 a day for pool heat. ❤
Looking forward to the solar panel video. Live in DC and trying to figure that out soon for my place. Not a rental, but still, hopefully you’ll include some useful information around how to navigate it all. It’s a bit confusing.
On the right track to prove the haters wrong 💪Just another 7 months and we'll know for sure 🙌
I was really hoping you made a video about this! Thank you!
Great video! And Shelby your eyebrows look good. 😊
I love your Airbnb and the pool is so awesome! I would love to go there sometime!❤
I’m laughing so hard at you in a the robe shots, this video is awesome love it hahahhaha
Rented out my place in Palm Springs for both weekends too! Love it
Just had to come say I love the edit on this one!!
This was a great video. I don’t know if you already have one out, but I would love a video explaining of how to get into rental properties and Airbnb👏🏾
your videos helped me getting into selling on Amazon and now im actually doing it, thank u so much
Direct booking site? Re-adjusting a few things to cut costs and make money? Sounds like you've been hanging out with Robuilt. I'm glad you didn't let the haters get you down and quit. Real estate is often a long term strategy. I'm setting up one of my properties to be a STR and it's not too far from your area. It's in the Joshua Tree zone. Here's to more successes in your STR journey.
She actually does a new construction project in Joshua Tree with Robuilt 👍
giiiiiirl this video & editing quality?? incredible. your efforts SHOWS!
OK I just got to the solar panel part. GAME CHANGER for your profits!!
Thank you!!
Great video! Have you thought about maybe applying sun blocking anti UV reflective window tint to the windows to passively cool the house? If you are interested, get one that blocks >80% of infrared rays and >=90% of UV (ultraviolet) rays....
Also she seems very happy in this video. Whatever is going on in her personal life is definitely good and showing in the video 😂
6:25 when I saw the blueprint that the expenses included mortgage, I was like OH that’s a lot! Congrats, I might just rent out my property on airbnb too
Good job everything seem to be working out you guys.
Thankful for the content and happy for you
really interesting to hear all these details! That pool heating bill is insane! I guess all nightly rates are pretty high relatively speaking, since you have to pause your listing after the first 36 rentals each year!
Loved the video. Great work. Sounds like you're finding creative ways to make your airbnb more profitable. Would you consider doing a video on setting up a self-booking site?
Congrats on making more this year vs last year 🎉
I like how this is also an ad for your cute air bnb
Love as always!
Excellent video Shelby
Congrats on the solar panels! We added them in 29 Palms without too much initial issue, but SCE took ~6 months to finally send a bill, and it didn't seem to include the net metering correctly (still working on it). Keep an eye out and make sure you're working with a company that you can follow up with if things don't play out as you expect.
Wow your editing these days s is fire. Almost like a proper show
I lived in Palm desert and our electric bill was over $1000 with Edison without turning the a/c under 80 degrees and not heating our pool. 😅 we just moved because we couldn’t afford it anymore… Have y’all considered a solar heating set up for the pool too? It’s a few grand but you would be able to pay that off in a few months as opposed to flushing that cost with the power company. ❤