Ep 54: BONUS FURNISHED RENTAL STRATEGY... How Serving One Incredible Audience Can Generate Great Revenue AND Free Up 75% (or MORE!) Of Your Time
Uplevel: Make Money with Airbnb, Short-Term Rentals, Real Estate Investing, Passive Income Strategies
English - December 11, 2020 23:19 - 13 minutes - 11.1 MB - ★★★★★ - 3 ratingsEntrepreneurship Business Marketing financialfreedomstrategy howtomakemoneywithairbnb passiveincomestrategies shorttermrentals timefreedom Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Are you still on the fence about adding a vacation rental to your income portfolio? Or, are you simply looking to have a secondary, or "back up" strategy, to ensure your place stays consistently booked?
Well, this episode was created just for you! Today we'll discover one incredible group of guests that can not only generate great revenue but will also save you 75% of your workload (and frankly, there wasn't much of a workload to begin with!!).
Often times, when people think about having bringing a vacation rental online, they think of listing on one or more of the "big 3" site: Airbnb, VRBO, or HomeAway.
But did you know there are specific audiences of guests to which you can cater?
And there are lots of places to list your house once you have a niche!
But sometimes it’s not obvious the niches you may choose
- and in a normal economy, those groups of potential guests are even greater (sports fans, pet-owners, etc)
But today is all about a bonus strategy, or back up plan, or lower-key option for your furnished rental…
Traveling Nurses
Remember in a normal world traveling nurses are a sustainable audience group to support, and in our current one, even more are activated…
Here's some reasons why they're PHENOMENAL guests:
- You'll be paid by the hospital
- They're great tenants... they’re barely home, take great care of the place, neighbors will be grateful
- They typically have 3 month commitments, some extend to 6 or 9 months!
So, you have the upside of furnished rental income but may only need to find 4 guests per year!!
Interested? Here's what to do next:
- Find what the cap is in your area
- Look for properties close to hospitals
- List on specialty sites
- Reach out directly to the hospital you’re closest to - nurses sometimes ask the hospital for recommendations
- Think about specific amenities traveling nurses would want
And before you know it, you'll be on your way!
And if you’re curious about how much you could potentially earn with an Airbnb in your area, I can send you a free and pretty powerful tool to help you estimate…
Visit GinnyTownsend.com/estimate to claim access to this powerful free tool!
Thanks for joining me, and until next time, continue to be up and to the right.