#2235 - First $1,000: “I built an Airbnb rental in my backyard…”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 13 February 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
In this week’s First $1,000 segment, we hear from a serial side hustler who builds an ADU in his backyard, allowing him to earn $1,500/month in passive rentals. He then uses the profits to buy another property.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Twitter: @chrisguillebeau
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Visit Chris's main site: ChrisGuillebeau.com
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Monso Business Banking. It just works. So you can too. Join businesses like Target |
| 0:05.7 | to Wishing by opening a Monso Business account. |
| 0:07.7 | What I love about Monso Business account is how easy everything is. It can be filtered, |
| 0:13.1 | it can be tagged. We thought we'd have to manage our business around our banks, but that's |
| 0:17.3 | not the case for Monso. |
| 0:18.4 | My name is Shun. I am the Founder of Target Trition. |
| 0:21.6 | Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director |
| 0:26.6 | of a limited company, UK Business is only terms and conditions apply. |
| 0:40.8 | All right, all right. Welcome to Side Us All School. Welcome to a brand new week. |
| 0:44.7 | My name is Chris Gillibault. You're host. Excited to have you with us. |
| 0:47.7 | Today's episode is part of a feature we call your first $1,000. How did somebody out there get |
| 0:53.2 | started? How did they go from zero to, well, I guess it would be a thousand since it's your |
| 0:58.4 | first $1,000. Not your first $100,000 or your first $1,000,000. That's cool, but that's a different |
| 1:03.9 | day of the week. Actually, we don't have that as a day on the week, but I'm trying to help people |
| 1:07.6 | get started. That's the point. I'm trying to help you see how ideas go from this generation phase |
| 1:13.2 | to the income phase. I want you to get into the income phase. With that in mind, we're just going |
| 1:18.7 | to jump into it here. Today's feature comes from Tom, a serial side hustler who builds an ADU in his |
| 1:24.1 | backyard. ADU is assisted dwelling unit. That's like a little cottage, you know, or could be a |
| 1:30.1 | treehouse in some cases. There's various zoning requirements depending on where you live for how |
| 1:34.8 | you can do this. But building a small structure in his backyard, allowing him to earn $1,500 a |
| 1:39.4 | month in passive rentals. And then because Tom is that serial side hustler, he uses the profits |
| 1:44.6 | to buy another property. I respect the hustle. How did it all get started? Let's hear it from Tom. |
... |
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