Why CHEAP Rentals Are Making People RICH
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2024
- People around the world are starting to realize that you don't need an expensive home to make money. Thousands of people are taking "cheap" structures and turning them into serious income producing rentals. Like 6-figure incomes off tent ridiculous.
I share some of my favorite cheap rental structures and how much they're making each month. I also show you what these smart entrepreneurs are doing differently to stand above all the others and command such high rental prices on Airbnb.
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I’m 40k in on my glamping site - from start to finish I should be up and running within 90 days. Everything in this video is real !!!
Awesome! How many sites and what kind of structures?
Ah its you 😄
Any updates?
Started off small. Own 3 acres of land and have a tiny a-frame cabin. Things have gone great in terms of interest and bookings. I’m still working out some logistical kinks to have the business run as efficiently as possible.
@@KeepItTiny
What was the zoning like? Was it easy? What state are you in?
I'm about half done with my first cabin on 87 acres in KY - no permits required! Local builders call it Freedom County. Next unit will be wheel chair accessible, seems to be a big need in that department!
That's awesome!! I love some states so much more than others based on their ordinances.
For viewers, these are gross numbers: does not include the cost of property, AirBnB fees, managing the site, etc
I need to set something up soon as I already have a house with 34 acres.
What’s stopping you?! Good area?
@@KaiAndrew yes just been busy and close to Lake Michigan but out in the country.
The structure may be inexpensive, but land/location makes all the difference. Zoning and permitting is also something that folks need to really watch out for. Lastly, if you’re not investing in a building that meets international residential code, you’re taking a risk as well, since you don’t have an asset that will reliably appreciate, or that could be rented long term if STR laws change in the area. Just food for thought.
sober comment
good point
4:35 a quick side note: even though those gains are impressive and recurring, note that they are not compounding.
I already own a home on 82 acres in Nova Scotia in a tourism area. I have a separated 8 acres of woodland on the shore of a massive fresh water lake. I plan on putting 5 units along the shore. A cabin, a few glamping tents and a trailer.
Dude that sounds like a dream location. Drop your instagram if you have one.
You have the ability to make an incredible amount of money, man!
Stick around and take a look at these gems:
✅ WATCH ME TO FIND THE RIGHT ZONING
th-cam.com/video/g43qIgsZdeY/w-d-xo.html
✅ WATCH ME TO SEE HOW I CONVERT RAW LAND
th-cam.com/video/We7Mc8bCbyE/w-d-xo.html
✅ WATCH ME TO SEE IF CONTAINERS ARE WORTH IT
th-cam.com/video/0qxJmaxmStg/w-d-xo.html
✅ WATCH ME TO SEE HOW I'M EXPERIMENTING WITH GLAMPING
th-cam.com/video/_OjBGzw0708/w-d-xo.html
Ok.Your greatest talent is that you are a very gifted "sales" person and very charismatic. A very smart god looking man
Man, you are getting me pumped up with these videos! I’ll share my channel soon with the moves I’m making in this space! Keep up the great work!
That ocean view property in Malibu costs a mil before you even add the airstream though
Hey Adam. I think you're missing the point. The amount of revenue the "simple" structure is bringing in is SIGNIFICANTLY more than what the land is worth. Whether it's a $1m or $100k, land in the right area can prove profitable without a giant (expensive) home on it.
@@KaiAndrew Hey man, I love your content and your concept of land hacking. I’m just saying in that Malibu example, the barrier to entry is insane. The land itself would require 7 figures in cash and if it were a land hack with a house on it, we’re talking like $10M which most of us won’t qualify for.
Haha, ahhhh. Yeah, that’s very true. Gotcha. Sorry, I missed your point 🤪
Hi, I like your videos but I agree with this point. That Malibu land will be at least 6 figure or 7 figure number (if it is in Malibu California) and we can't call this cheap investment. After Calculate whole cost (include purchasing land) ROI will be totally different story
I'm loving this TH-cam page. Thanks for your knowledge. And wish me luck
You can do it!
The world is becoming more digital and crypto is the future of the world that's why it good to invest in it now is the wisest thing to do now especially the current rise in the market value of some coins
Stock but crypto more profitable
I wanted to trade crypto but got confused by the fluctuations in price
That won't bother you if you trade with a professional like Mr Jason
@Robert Edward Yeah
My first Investment with Mr Jason earned me profits of over $24,320 US dollars and ever since then he has Been delivering
Are you guys running solar on those remote locations. Self sustaining homes are becoming the future you might want to take a look at that also.
Good tips as usual Kai, interesting sector stepping up from traditional camping. I’ll look to se if you have a vid on creating your local management team; if not there an idea for later… thanks 👍
Sure hope that “fire pole” is part of the disinfecting protocol 🔥 lol
That's ground zero right there for any new variant.
🤣
Love your content brother! keep it up.
Thanks, Albert. Much appreciated :)
Bro, great content once again. I'm currently looking for my first 8-10 acres with an appraisable structure on it. How much are your consultations?
Nevermind, I found your consults link. 🤦♂️
Location, location, location.
The correct term is payback not payout
Yup 👍 Had stocks on the brain :)
So $1000 a night?
I am having a hard time finding the zoning information on the county website for the property I am looking at - so frustrating - lol
12:05 - the deck on that safari tent probably cost $20,000 in itself right now!
Lol yeah, right now maybe. Lumber prices did fall significantly this week. I’m building a 800+ sq.ft deck for about $17k right now
Kai, where are you located? I’m in the construction supply industry, one of the products I sell is lumber. Curious to know where prices are dropping.
Interesting. FairlY cheap in europe
@@SiXiS4 I don’t think construction continued in Europe the way it did in the US. We actually had an increase in sales of construction materials. That’s why we had such a hard time keeping up with the demand on lumber. Not to mention our transport/freight companies don’t have enough drivers. It’s really insane out here. This market has never been this Volatile.
Hey Kai, I really like the aesthetic of your recording setup. Unrelated to the video, but i want to get a streaming set up kind of looking like this so are there any resources you took inspiration from and/or used to create such high quality and enjoyable content to watch?
I’m feeling a bubble growing here 🙈 this might become the next Amazon fulfillment / drop-shipping thing
Hahah - not sure if my small channel is really contributing to that bubble though.
@@KaiAndrew appreciate the response!
Everything counts :) channel might be small, but niche is bigger. If ROI is high, it means that product is overpriced. Price is formed by demand vs supply. Once supply grows (and it will) the price will go down. Potentially reaching non-lucrative levels. This is TBD.
It’s the wild Wild West right meow with AirBnBs. Once the market becomes saturated in about a decade the prices will inevitably go down with what will be an exponential increase in BnBs.
I’d say that there’s a minimum of a decade to make enough money on this to make yourself rich for the rest of your life.
Just do it!!!!
Staying adaptable along the ride will be the key imo. Being able to adjust and adapt, being creative with land. I started years ago with the arbitrage model, that quickly became oversaturated in the major cities and travel destinations. Great foot in the door but had to adapt quickly to survive.
Good info
post and beam construction, wire tension railings, wooden entry doors, etc, that platform tent setup is costing way more than $25,000 to build! You have no clue! Neither do I for this particular structure, but I've built 2 homes and talked with lots of builders and contractors and know in general. Would estimate $60,000+ cost.
We talking 2022 prices or 2018/19 prices. Big difference. Also DIY or contractor built. I’ve also built my own homes ;)
Besides my entire lumber package for a 2500 sq ft home in 2016 was 40k, including glulams and 2x6 construction and two large decks. That platform deck has a lot less lumber in it.
Awsome content Kai! I Started my Airbnb journey a while ago doing rental arbitrage and managed to buy my first investment property in Orlando area, all theme rooms etc... At the moment I'm struggling to find the perfect land to landhack as each county has way different zoning ordinances which are not clear to me if I can put a Tinyhouse/container/dome over there. Any advice?
Hey there, Felipe! That's awesome. Congrats on just getting started. Yeah, Florida is tough, especially around Orlando. You're going to ideally look for Agricultural zoning districts outside of the city and make your tiny/container/dome a accessory dwelling unit or SFH.
The land for the Malibu trailer....isn't it extremely expensive?
Oh yeah. Without a doubt. But $21,000/mo helps with that mortgage payment :)
I live on a farm in Wisconsin, 12 miles from the capital Madison. If our weather is only good 6 months out of the year ,do you think it's worth setting up glamping here .Our land is breathtaking. Thanks
Hi there, Mary! Sounds like you may have a good little piece of land there to create a cool space. You can totally do a part-time operation. Obviously the numbers won't look as good, but if you can make an extra $40k a year off your land - why not? Just be sure to run the numbers first before investing into your property.
how big should an aframe cabin be to have appreciation?
Must be fully permitted and I recommend 800 sq.ft. minimum. (2bd, 1bth)
Yeah buddy!!
whatsup, Logan :)
I am trying to start my STR business. my parents have land that is perfectly located according to your golden triangle. I contacted my city vs county because the land is unorganized property. this is kinda how it went.
I am trying to get a tiny house on wheels ( a retired fishhouse that looks like a log cabin) to be accepted by my county. I was just told that even though I was going to have a composting toilet in the unit the ordinance states that " the short term rental unit must be connected to an approved SSTS or served by central sanitary sewer system.
" I don't know a tiny house on wheels that have septic connected to the mains. Rvs and camper trailers are not allowed to be rented in this area. do either of you know a way around this hurdle?
I've noticed that Airbnb has insurance to cover guest damages to the property and items in the structure. Is this enough insurance?
bro it is 1 million insurance!
Put in a septic tank then! Solutions not problems!
@@matthewmoore202 ya thought of that. Parents don't want another septic tank in. Or inspectors poking around there land or the original septic. In the end the entire project fell through. Thanks for the idea though.
Is it too late to get into this game
We don't think so! As long as you offer a really awesome/different and instagrammable experience people will come. If there are many other glamping accommodations in your area, maybe think of something different you can offer that will set you apart! Our next build we think will be a completely glass house made out of old windows in the forest or a shed house that is geared toward families that is a big playhouse with a slide coming out of one of the bedrooms and make it a really cool family getaway. What type of experience did you have in mind?
Waste of Time !
Hey Kai, I've been trying to get a hold of you and Rob to discuss investing. I also own short terms and have a finance YT channel with access to small businesses looking to invest heavily in BNBs. I'm on insta askbilder if you want to discuss in further detail.