727: Seeing Greene: Making $300K Per Year On ONE Short-Term Rental

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 14 February 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Short-term rental investing is where the big bucks are made. Unlike long-term traditional rental properties, short-term rental hosts can charge higher daily rates, allowing them to lock in far higher revenue. This revenue number grows exponentially the bigger, better, and more unique a property gets. So, a Spanish-style Scottsdale mansion will rent out for a LOT more than a traditional large home. And that’s exactly what we have on this episode of Seeing Greene; a Scottsdale, Arizona mansion bringing in over $300,000 per year! On this special edition of Seeing Greene, David Greene and Rob “Robuilt” Abasolo will give a Deal Deep Dive on their latest partnership property. This massive mansion in sunny Scottsdale was one of the most expensive properties Rob had ever bought, but with the help of David, they’ve been able to turn it into a cash cow, even as headaches pop up. David and Rob walk through the property cost, how they found it, the renovations they made, and how much they expect to bring in this year. They also share guest stories that’ll make you feel sympathy for any vacation rental host, the problem with pool heaters, and what to do when your guest pulls a Glock on your house cleaner. These are the stories most vacation rental hosts won’t tell you, so stick around if you want to hear all the cash-flowing details! In This Episode We Cover: Scottsdale real estate and why David and Rob picked this perfect vacation rental destination The downside of buying dozens of properties and why one large purchase beats many small ones Finding an investor-friendly agent and why you NEED a rockstar in your real estate market How much David and Rob spent on furnishing, painting, and fixing this property David’s five-point matrix for a profitable rental property Guest horror stories and why you should ALWAYS keep your TV manual And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 680 with Direct Booking Expert, Mark Simpson The Ultimate Guide to Short-Term Rental Properties Airbnb Horror Stories (& How You Can Prevent Your Own) Watch Rob’s Vlog on The Scottsdale Mansion Learn More About David’s Upcoming Retreats Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-727 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 727.
0:04.3	When I saw the house, it wasn't just, like most investments that I buy and I'm like,
0:09.7	this is a good investment, what's it look like on a spreadsheet?
0:12.7	It's just fun.
0:13.7	The architecture is really amazing.
0:15.9	There's so many different places within the house where you can gather and have a conversation
0:20.1	or have a different experience whether you're sitting by a fire inside, sitting next to
0:24.6	the 85-inch TV, at the pool table, at the kitchen where I think somebody said like, it's
0:29.8	the largest countertop they've ever seen in a property.
0:32.9	It's going on everyone.
0:33.9	This is David Green, your host of the Bigger Pockets Real Estate Podcast here today with
0:37.9	a seeing green episode.
0:39.5	And guess what?
0:40.5	I brought some backup.
0:41.5	I'm joined today with my co-host Rob Abbasolo on this special seeing green episode because
0:47.5	by popular demand, you have all insisted that you want to hear more about the property
0:51.4	that we bought together.
0:52.4	But you don't just want to hear about the property.
0:53.8	You want to hear the deets.
0:54.8	You want the juicy details.
0:56.6	What goes on behind the scenes?
0:58.3	It's the story.
	...

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