Raking in twelve thousand dollars each month from only four rentals might seem like pie in the sky, but that’s the power of investing (and reinvesting!) in short-term rentals. Find the right market and property, and you can charge a premium for an unforgettable guest experience!
Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Zoey Berghoff, an investor who earns a significant amount of income from a small real estate portfolio. While other investors might use their profits to buy more properties, Zoey bucks conventional wisdom by reinvesting those profits back into her rentals—a move that has not only boosted her booking numbers but also allowed her to charge more for her unique stays. But that’s not all Zoey is doing to maximize her profits. By “land hacking,” she creates multiple income streams on one property while keeping her rental property expenses down.
What does it take to succeed in the short-term rental space? Stick around and find out! In addition to maximizing Airbnb profits, Zoey talks about how to approach new builds—from assembling the right team for the job to getting your county on board. Finally, she highlights the importance of setting reasonable expectations for your Airbnb guests—even if it means narrowing your pool of potential guests!
In This Episode We Cover:
The power of reinvesting your profits back into your real estate portfolio
Lowering your overhead costs through land hacking
How to assemble the ideal team for your short-term rental build
Getting your county to sign off on your new build or home renovation project
How to analyze a unique rental property (when there are no comps!)
Creating a unique guest experience that makes your rental stand out
Things you MUST include in your short-term rental description
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Ask Us Your Investing Question
Apply to Be a Guest on the “Real Estate Rookie” Podcast
10 Income Streams on 1 Property by “Land Hacking” w/ Andrew Kai
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson
$11,000/Month with One VERY Unique Rental Property w/ Garrett Brown
Connect with Zoey:
Zoey's Instagram
Zoey's Website

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-337
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