433: The Million-Dollar Real Estate Business YOU Can Start Today with Just $150 w/Brittany Hailey

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 17 July 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starting a real estate business is one of the best ways to achieve financial freedom, replace your W2 income, and leave your nine-to-five. Why? Because you don’t need a ton of money OR a rental property to get started. Today’s guest built a million-dollar business with just $150, and in this episode, she provides the blueprint for you to do the same! Brittany Hailey and her husband were living in an expensive market and working low-paying jobs when they were introduced to short-term rentals. They eagerly bought a house and turned their mother-in-law suite into an Airbnb, and right off the bat, this tiny rental skyrocketed to the top of the listings and covered 100% of their monthly mortgage payment. With proof of concept, Brittany decided to launch her own management side hustle with just $150. Little did she know that this fledgling business would soon allow her to quit her W2 job and bring in over $1,000,000 in annual revenue! Ready to launch your own profitable real estate business from scratch, just like Brittany did? Tune in as she shows you how to start a vacation rental management company with little to no money and scale it into a wealth-building machine. Along the way, you’ll learn which services to offer, how to compete with national brands, and how to keep homeowners and guests happy! In This Episode We Cover How Brittany started a real estate business with $150 (and grew it to over $1,000,000!) Covering your entire mortgage payment by converting extra space into rentals How to create multiple streams of income within your real estate business The FIRST hire you should make when building your real estate team The advantages small businesses have over national vacation rental brands How to keep homeowners and guests happy when managing a short-term rental And So Much More! Links from the Show Join BiggerPockets for FREE Join the Real Estate Rookie Facebook Group Find Investor-Friendly Lenders Property Manager Finder See Tony and Ashley at BPCON2024 in Cancun! Grab Your Copy of “Short-Term Rental, Long-Term Wealth” Real Estate Rookie - Episode 373: Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business with Nicole Rutherford (00:00) Intro (00:48) Launching Her Airbnb (05:22) Leaving Her Nine-to-Five (12:41) Vacation Rental Management 101 (18:44) What Services Should You Offer? (23:30) Competing with National Brands (26:19) Creating Multiple Income Streams (35:12) How to Build Your Team (40:52) Over $1 Million in Revenue?! (44:12) Connect with Brittany! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-433 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	This is Real Estate Ricky Show 433.
0:04.0	What's up guys? My name is Tony J Robinson and welcome to the Real Estate
0:06.7	Ricky podcast where every week, three times a week,
0:09.3	we're bringing you the inspiration, motivation, and stories
0:11.8	you need to hear to kick start your investment journey.
0:13.7	Now, guys, our guests today took action to start her own real estate business with only $150.
0:21.1	Yes, you heard that right, $150.50.50.
0:23.0	And she decided to go all in on a vacation rental management business,
0:26.5	which she actually started by accident.
0:28.4	So today, we're going to learn how to scale a successful vacation
0:31.4	rental management company. What kind of services should you offer,
0:35.2	how you can actually stand out from your competition and just an overall blueprint of how to get started.
0:39.6	So Brittany Haley, welcome to the Real Estate Rookie podcast.
0:42.4	Hey Tony.
0:44.0	I'm super excited to have you here.
0:46.0	Thank you.
0:47.0	I'm really excited to be here.
0:48.0	Now, you've got a really interesting backstory, but I guess we're, maybe we're
0:52.0	we can start us is how did you discover
0:53.7	vacation rental management? Yeah well it was really by happen chance and like you
0:58.9	said by accident how I came upon it so my husband and I moved back to Denver after living abroad for about a year and a half and we decided that Denver just wasn't going to
1:13.9	cut it anymore. You know after a year and a half Denver went from zero to
	...

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