Turning Her House into a Part-Time Rental Property (Makes $2,000/Month!)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 20 October 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you dream of financial freedom, but aren’t sure how to reach it? Ashlee Perry was in a similar boat, but in just one year of real estate investing, she has been able to turn her home into a money-making machine and buy a rental property with low money down—bringing her one step closer to her ultimate goal! Welcome back to the Real Estate Rookie podcast! Ashlee had always wanted to reach financial freedom, but it wasn’t until she discovered real estate that she saw a clear roadmap for achieving it. To test the waters, Ashlee listed her primary residence on Airbnb and stayed with her parents and friends while it was booked out—a move that made almost $25,000 in year one. She has since bought her first investment property—a duplex she currently house hacks—and converted her previous home into a long-term rental! In this episode, Ashlee shares the strategies she used to create a five-figure income stream using only her primary residence and how she’s building a real estate portfolio with low-money-down investment properties. She also offers several helpful tips for rookie landlords, like best practices when inheriting tenants! In This Episode We Cover Ashlee’s roadmap for achieving financial freedom with real estate investing How to turn your home into a part-time rental that pays your mortgage How to buy an investment property with low money down (less than 20%) Best practices for managing and communicating with inherited tenants Scaling your real estate portfolio fast with the house hacking strategy And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-629 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	Have you thought about financial freedom, but you don't know where to start?
0:04.4	Well, today's guest is going to show you the path that she took to build the lifestyle she wanted,
0:10.3	starting off with listing her property as a short-term rental and then getting a multifamily to house hack.
0:16.0	And throughout this episode, you'll learn what it means to sacrifice for your goals.
0:19.9	You'll learn the mistakes that Ricky's typically make, but more important, I think you'll walk what it means to sacrifice for your goals. You'll learn the mistakes that
0:21.2	Ricky's typically made, but more important, I think you'll walk away with an action plan and the
0:25.2	inspiration to do it in your own life.
0:31.5	This is The Real Estate Rookie Podcast, and I'm Ashley Care. And I'm Tony J. Robinson. And let's give a big warm welcome to today's
0:38.5	guest, Ashley Perry. Thanks for having me. I'm excited to be here. What was the moment in time when
0:44.2	you decided that you wanted to pursue financial freedom? I think it's something that I've kind of
0:51.0	always been striving for most of my life. I just didn't have a name for it and didn't know exactly what it looked like.
0:57.9	But throughout my career, I was always looking for the next cool job that could kind of give me that freedom.
1:04.8	And being a product designer, I am working in tech, being able to work remotely has definitely started that journey towards
1:14.8	financial freedom and what that might feel like. And especially around COVID when everywhere
1:20.6	kind of went remote and I was able to move from San Francisco back to Denver where I'm from.
1:30.4	I started really getting that Jonesing for my flavor of financial freedom, which basically means being able to work wherever
1:40.3	I want to, work on whatever I want to, and explore all the different creative
1:45.3	projects and ideas that come up for me at any given moment.
1:49.4	Would you say that financial freedom is more of a number to you? Do you have a number
1:55.0	goal you want to reach? Or is it more of a lifestyle goal? I think it's more of a lifestyle goal.
2:01.4	I really like, I grew up in Colorado.
2:05.0	I really like being outdoors and going on adventures.
	...

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