Updated almost 5 years ago on . Most recent reply
Mountain House Transformation: $29k In Bookings The First Week!
I have three short term rentals that I rent out on Airbnb. This mountain house was a different project for me. The house had great bones and structural integrity, but just needed a little love. We finished October 14 and listed on Airbnb and VRBO. Within the first week, we have had over $29k in bookings between Oct 16-Dec 31 2020! This has surpassed my original forecasts. We are now forecasting to bring in around $125k in revenue and net around $75k during the first 12 months! That's around $6,500/ month cash flow on average. Crazy returns... Has anyone else had success flipping and renting houses out in hot STR markets? I also create some content on YouTube, focused around my experience on short term rentals, Airbnb, etc if anybody has interest in seeing how I evaluate properties, furnish them, etc. :) Let me know what you all think and if you have any suggestions, questions or comments.
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- Real Estate Broker
- Cody, WY
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Yes, I would like to see some numbers. What did you pay for the property? Cost to renovate and furnish? Are you self managing? What are your expenses?
Inquiring minds want to know!
- Nathan Gesner
