$150K/Year in Pure Profit from ONE “Luxury” Rental Property
ฝัง
- เผยแพร่เมื่อ 1 ก.ค. 2024
- Making six figures from one rental property is every investor’s dream, but to achieve this, you need to choose the right investing market, buy the right property, and create luxurious “moments” that other rentals don’t offer. Today’s guest is going to show you the ropes of luxury real estate investing!
Welcome back to the “Real Estate Rookie” podcast! When Veronica Garreton decided to try her hand at short-term rentals, she went straight for the big fish-a $750,000 rental property in Joshua Tree, California. At the time, it was the area’s most expensive property listed for sale, and in year one, the rental barely broke even. Using her background in architecture, however, Veronica identified creative value-adds that would attract more guests and allow her to charge her ideal nightly rate. The very next year, she pocketed a whopping $150,000 in pure profit!
Whether you own a basic rental or a “luxury” property, there is plenty of wisdom to glean from today’s episode. Veronica talks about analyzing deals, using the power of influencer marketing to get more bookings, and the small touches ANY property owner can make to enhance the guest experience!
~~~~
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
~~~~
Join the Real Estate Rookie Facebook Group:
/ realestaterookie
~~~~
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
~~~~
How to Start an Airbnb Business in a Brand New Market:
www.biggerpockets.com/blog/ro...
~~~~
Should You Convert Your Rental Property Into An Airbnb? 6 Factors to Consider:
www.biggerpockets.com/blog/co...
~~~~
Protecting Your Future in Short-Term Rentals: It Starts By Providing a Powerful Guest Experience:
www.biggerpockets.com/blog/th...
~~~~
Connect with Veronica:
BiggerPockets: www.biggerpockets.com/users/v...
Instagram: @rockboundoasisretreat or / rockboundoasisretreat
Portfolio: linktr.ee/rockboundoasisretreat
~~~~
Connect with Tony:
BiggerPockets: www.biggerpockets.com/users/t...
Instagram: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
01:16 $150K Profit in ONE Year?!
10:09 Creating Luxurious “Moments”
14:58 Property Management & Standing Out
24:02 How to Analyze a Luxury Rental
26:11 Influencer Marketing 101
36:45 “Luxury” Touches YOU Can Make
46:18 Connect with Veronica!
![ภาพนี้ก็ฮาเหมือนกันนะเนี้ย #1 SS8 [ พากย์นรก MEME.EXE ] | easy boy](http://i.ytimg.com/vi/Ytc50m91QK8/mqdefault.jpg)
😃Thanks for having me! It was such an honor to talk with you Tony and share what I've learned on my real estate journey! As a long time listener, this was so exciting. I hope listeners take away some good actionable items for their own properties and please comment or reach out if you have thoughts or questions about STR, MTR, or luxury design/properties.
You SO inspired me, lady! I've been a host for 3 years and still learned a ton from this episode. Gave me a different perspective. Thank you!
This is GOLD! Loved all the insightful information. Thanks for sharing the knowledge!!!!❤
It's my pleasure, I'm so glad you find it insightful!
Love the shop! Super cute house. That half bath sink has to be the most adorable thing I've ever seen.
Thank you, so kind! Hope you enjoyed the podcast!
Wow! So informative! Thanks for sharing and congrats on your success!
Appreciate that, thank you for listening!
Wow, you truly know what you're talking about! So many small details to consider! I count myself as lucky to have stayed at Rockbound and it was unforgettable. Kudos to you!!
Come back soon!
This was THE most amazing rookie’s pod episode
Thank you so much, that is so nice, I'm so glad you found something good from it!
This was such a good interview! I got lots of good tips and ideas. Thank you so much.
Very kind, I appreciate you listening!
The podcast is truly remarkable, providing insightful information. Veronica demonstrates genuine concern for the customer experience, which is evident in every aspect of her rental properties. Our stay at Rockbound Oasis was exceptional. The location, amenities, and comfort were all of the highest caliber. We can't wait to stay again!
It's my joy and honor to share Rockbound with those who feel it's magic. Thanks so much for listening!
Amazing interview. Wealth of knowledge. Veronica had so many good tips for anyone starting a high end STR.
Thank you, I hope you took away some good things to apply in the future!
Thank You Tony and Veronica Garreton for sharing.
my pleasure, I love talking about real estate and design!
Clear and thoughtful insights to the subject. Excellent interview. Highly recommend.
Thank you, so glad you found value in what I had to share!
We stayed at Rockbound Oasis several times, it’s truly an amazing place. Stunningly beautiful, very well appointed, and incredibly relaxing. It’s a family favorite for us and best enjoyed with others! Veronica has done such a great job creating this rental masterpiece!
Thank you for sharing your Rockbound experience, come back soon!
I love this podcast, it's full of gems.
Thank you so much, I've gotten so much from this podcast, it's great to share and have someone feel the same way!
Great information.. Thank you Tony and Veronica
You're welcome! Glad you took away some good information!
Her intuition is true power ❤
Thank you, so kind
This podcast is packed with valuable insights!
How kind, It was a lot of fun to talk and share with Tony. So glad to hear you took so much away form it.
I’ve stayed at this place before!! It was amazing and loved this interview.
Aww so kind to see so many past guests sharing their thoughts. Appreciate you listening!
Interesting approach. Thanks!
Sorry to hear about the divorce.
Thank you. Life happens!
Awesome interview. Bring her back?
They did! Check out the new episode and let me know what you think!
Great for competing in luxury markets on any kind of rental or selling really!!!❤
I appreciate you taking the time to listen and comment, Luxury rentals are a small niche but I think so much of it is applicable to any rental!
80% of the money is made by the top 20% of the properties. If you go cheap with STR properties and amenities, you have an uphill battle ahead of you.
Absolutely, it's very hard once you get into the race to the bottom.
@veronicagarreton-jt3vu so cool to see you interviewed here and hear more about your story - you are an inspiration - congrats on your success. 🥰🤩
So kind, thank you!