$30K/Year Cash Flow from 2 Properties by Doing What Other Investors Won’t

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 16 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Has the Airbnb market become TOO saturated? It might not matter if you can rise above the competition and make your property stand out like Katie Cline did. Thanks to luxury amenities, personalized touches, and an unforgettable guest experience, her two rental properties bring in a whopping $30,000 in annual cash flow! Welcome back to the Real Estate Rookie podcast! When Katie saw a golden opportunity to combine her extensive background in hospitality with real estate investing, she bought two short-term rentals and focused all of her energy on creating places where she would want to vacation. In just eighteen months, this move has already paid off, as this pair of New York properties generates constant five-star reviews and a huge amount of profit that helps build her real estate portfolio! In this episode, Katie offers some game-changing advice that will elevate your property, increase your bookings, and boost your cash flow. Tune in to learn about the “little” details that will raise your bottom line, using social media as a powerful marketing tool for your business, and the two things Katie believes will set new investors up for success! In This Episode We Cover: How Katie makes $30,000 in annual cash flow from just TWO rentals Making your vacation rental stand out in a saturated market The keys to crafting an unforgettable guest experience for your Airbnb The luxury amenities and personalized details that will explode bookings How to use the power of social media to grow your Airbnb business Two types of short-term rental portfolios (and which one you should build!) And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Try Baselane, the One Platform for All Your Property Banking & Finances Buy the Book “Short-Term Rental, Long-Term Wealth” Property Manager Finder The “Luxury” Rental Property That Brings in $150K/Year of Pure Profit Connect with Katie Katie’s Instagram (00:00) Intro (01:35) Hospitality in Real Estate (03:02) The Lake George Property (06:54) Making Your Rental Stand Out (13:23) Airbnb Strategy & Using Social Media (19:52) The Saratoga Property (23:53) Katie’s Investing Goals (28:45) HUGE Cash Flow Numbers (32:13) Connect with Katie! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-471 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How do you make your Airbnb stand out in today's market? Is it too saturated to be successful?
0:06.7	Of course not. Katie Klein has built a portfolio of two airbambies and what sets them apart are the high-end touches that keep the guests coming back.
0:17.0	From luxury amenities to personalized details, Katie has mastered the art of creating an unforgettable guest experience.
0:24.8	If you've ever wondered how to elevate your own short-term rentals and increase bookings,
0:30.0	this episode is packed with insights you won't want to miss.
0:33.1	We are going to discuss how Katie went from purchasing her first property in London
0:37.8	to two short-term rentals in the US.
0:40.3	Then why she believes customer service is just as essential in real estate as any other business
0:46.2	Lastly how social media impacts the success of her portfolio
0:51.1	Welcome back to the real Estate Rookie podcast. I'm Ashley
0:55.0	Care and sadly I am not joined by Tony Robinson because he's busy being a
1:00.9	real estate investor but he'll be back next week. So welcome to the
1:05.2	podcast where every week three times a week we bring you the inspiration
1:09.4	motivation and stories you need to kickstart your investing journey.
1:14.0	Let's give a big welcome to Katie Klein.
1:17.0	Thank you Ashley.
1:18.0	It's such a pleasure to be here with you today.
1:20.0	I am very excited to have you on because as I was kind of telling you before the show started I have a property right now that I feel like could use some jazz and you know
1:30.2	Get those nightly rates up and hopefully we can talk about that during the episode.
1:34.4	Absolutely.
1:35.4	Okay so Katie to kind of set the tone here what was life like for you before you
1:40.7	started investing in real estate? Yeah I'm actually a fairly new real estate investor.
	...

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