Turning One Property into an Entire Portfolio by Doubling Down on This Niche

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 23 September 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Glamping” investments have slowly become massive money-makers in the real estate industry. What used to be someone setting up a tent and potentially a portable toilet for guests looking to get into nature has now become a full-blown luxury business that travelers will pay good money to get a taste of. One large glamping property allowed today’s investor, Garrett Brown, to replace his music producer job and reach levels of success most short-term rental investors can only dream of. Garrett owns a ten-acre piece of land in a lake town outside Houston, Texas. Even though many non-Texans won’t be familiar with the area, local travelers flock to it to escape the big city. Since buying the property, Garrett has made some serious expansions, such as building cabins (and even geo-domes) with WiFi, running water, and the creature comforts many of us don’t want to live without. Plus, Garrett is doing it all while getting most of his bookings directly from social media. That’s right, he has (mostly) cut out Airbnb and other middlemen booking platforms, so he keeps much more of the profit and even gets his guests to upgrade with “add-on packages” that make the deal even sweeter. You can do it, too, but you’ll need to hear how Garrett does it in this episode! In This Episode We Cover: Why “glamping” has become such a popular (and profitable) version of short-term rental investing The “sixty-thirty-ten” rule that helps you identify the best areas for short-term rentals Leaving your career to build income streams that don’t take up all of your time How to get seventy to eighty percent of your guest bookings through direct booking Why you should offer your guests “add-on packages” that help make YOU more revenue The reason you should “start small” when building out your glamping sites And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Put Your Vacation Rental on Autopilot with Hospitable Grab the Book, "Short-Term Rental, Long-Term Wealth" Find an Investor-Friendly Agent in Your Area See Dave and Garrett at BPCON2024 in Cancun! Investing in Short-Term Rental Properties: A Beginner’s Guide & How to Get Started Connect with Garrett Connect with Dave (00:00) Intro (01:49) Music Producer to…Real Estate? (08:50) His First House Flip (11:50) Switching to Short-Term Rentals (18:11) Buying 10 Acres and Building Cabins (23:57) Can Anyone Do This? (30:21) Getting Guests Through Social Media (34:33) Start Small! (36:31) Learn from Garrett! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1021 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Imagine a nice relaxing weekend in the outdoors, waking up to bird calls, hiking in a
0:06.4	national forest, enjoying a sunset around a campfire.
0:09.9	But instead of pitching a tent and crawling into a sleeping bag, you spend the night in a luxury cabin with a nice septic system,
0:18.0	solar power, and even to Starlink Internet. It's this concept called glamping and today's guest has used it to
0:25.2	create a unique and very profitable short-term rental business by offering a
0:30.3	taste of wilderness paired with the comforts of home.
0:34.0	Hey everyone, Dave here, it's Monday, which means we have an investor story for you, and today's guest is Garrett Brown.
0:45.6	If that name sounds familiar to you, it's because Garrett recently joined the team here at Bigger
0:51.0	Pockets as a content creator and a short-term rentals
0:54.2	expert. So if you see maybe some of his writing or our new short-term rental
0:58.9	newsletter or talking on Tik-talk about short-Ticoc about Short-Tor-rentos,
1:02.6	this is your chance to hear his amazing investor story,
1:06.5	learn a little bit more about his background,
1:09.1	what's motivated him, and got him
1:11.7	to the point he's at in his very successful short-term rental investing career.
1:17.0	In our conversation today, I'm looking forward to learning more about Garrett,
1:21.5	specifically how he went from producing music to operating one of
1:26.4	Houston's premiere short-term rental experiences. Seems like a big career jump.
1:31.2	I'm also curious about why he believes customer service is so important in real estate and really sets him apart from other competitors and
1:41.1	how generating direct bookings through social media impacts his monthly cash flow in a really compelling and positive way.
1:49.0	Garrett, welcome to the BiggerPockets Real Estate Podcast.
1:52.7	Thanks for being here.
	...

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