logo
episode-header-image
Jul 2024
52m 51s

433: The Million-Dollar Real Estate Busi...

BIGGERPOCKETS
About this episode

Starting a real estate business is one of the best ways to achieve financial freedom, replace your W2 income, and leave your nine-to-five. Why? Because you don’t need a ton of money OR a rental property to get started. Today’s guest built a million-dollar business with just $150, and in this episode, she provides the blueprint for you to do the same!

 

Brittany Hailey and her husband were living in an expensive market and working low-paying jobs when they were introduced to short-term rentals. They eagerly bought a house and turned their mother-in-law suite into an Airbnb, and right off the bat, this tiny rental skyrocketed to the top of the listings and covered 100% of their monthly mortgage payment. With proof of concept, Brittany decided to launch her own management side hustle with just $150. Little did she know that this fledgling business would soon allow her to quit her W2 job and bring in over $1,000,000 in annual revenue!

 

Ready to launch your own profitable real estate business from scratch, just like Brittany did? Tune in as she shows you how to start a vacation rental management company with little to no money and scale it into a wealth-building machine. Along the way, you’ll learn which services to offer, how to compete with national brands, and how to keep homeowners and guests happy!


In This Episode We Cover

How Brittany started a real estate business with $150 (and grew it to over $1,000,000!)

Covering your entire mortgage payment by converting extra space into rentals

How to create multiple streams of income within your real estate business

The FIRST hire you should make when building your real estate team

The advantages small businesses have over national vacation rental brands

How to keep homeowners and guests happy when managing a short-term rental

And So Much More!


Links from the Show

Join BiggerPockets for FREE 

Join the Real Estate Rookie Facebook Group

Find Investor-Friendly Lenders

Property Manager Finder

See Tony and Ashley at BPCON2024 in Cancun!

Grab Your Copy of “Short-Term Rental, Long-Term Wealth”

Real Estate Rookie - Episode 373: Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business with Nicole Rutherford



(00:00) Intro

(00:48) Launching Her Airbnb

(05:22) Leaving Her Nine-to-Five

(12:41) Vacation Rental Management 101

(18:44) What Services Should You Offer?

(23:30) Competing with National Brands

(26:19) Creating Multiple Income Streams

(35:12) How to Build Your Team

(40:52) Over $1 Million in Revenue?!

(44:12) Connect with Brittany!


Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-433

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

Up next
Yesterday
5 Ways to Buy Rentals Without a Huge Bank Account
Most rookies think you need a mountain of cash to buy a rental property, but the truth is that the financing strategy you choose matters much more than the size of your bank account. Today, we’re breaking down five of the best (and sometimes overlooked) ways to get your hands on ... Show More
38m 3s
Oct 6
4 Overlooked Real Estate Investments That Pay Big in 2025
There are dozens of ways to make money in real estate—including some tactics that are currently flying under the radar and quietly making smart investors a ton of money in 2025. The best part? Many of them are easier to implement than you probably think, and in this episode, we’l ... Show More
43m 39s
Oct 3
BRRRR for Beginners & The “Lazy” Method to Raise Rents (Rookie Reply)
Welcome to another Rookie Reply, where Ashely Kehr and Tony J. Robinson answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: A more beginner-friendly BRRRR method for those without six figures Strategies t ... Show More
32m 55s
Recommended Episodes
Apr 2025
Buying ONE Rental Changed My Life: 4 Years Later, I Quit My Job
Just buy ONE rental property and watch your life change. Today’s guest was working multiple jobs, and a single property purchase allowed her to finally free up her weekends and regain some freedom in her life. The best part? She did it with just around $4,000, then repeated the p ... Show More
38m 51s
Feb 2025
‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property
Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This ... Show More
38m 35s
Sep 25
How to Start a Hot Tub Rental Business: Zero to $1000s per Month (Greatest Hits)
You've heard of Hot Tub Time Machine, but how does Hot Tub Cash Machine sound? That’s effectively the business model this week’s guest, Steve Nadramia. Steve is a high school history and economics teacher in New York, and a listener of the show. He reached out after our Thanksgiv ... Show More
47m 26s
Mar 2025
Building HUGE Equity With 100% Hands-Off Investing
House flipping can make you wealthy. Everyone has seen the TV shows, podcast interviews, and the high-priced renovations, even in their own neighborhoods. But what if where you live is WAY too expensive to flip houses? The home costs are high, the labor costs are high, and underp ... Show More
40m 6s
Jul 2024
544: 80-Hour Workweeks to Lean FIRE in 8 Years through Real Estate
Reaching financial independence and becoming a millionaire before the age of thirty?! While this path requires several years of ruthless saving, smart investing, and unwavering discipline, there’s no reason why YOU can’t enjoy financial freedom and attain the lifestyle you want! ... Show More
48m 49s
Jul 30
The Stages of Real Estate Investing (Where Do You Stand?)
Within 10 years, today’s guest went from zero experience in real estate investing to millionaire through investment properties. Now, she’s reverse-engineering her path, showing you how to do it faster, even if you’re just getting started on your first deal. Almost every (successf ... Show More
34m 51s
Jan 2018
Ep #195 - Tamar Mar Recently Closed on 15 Multifamily Units and Has a Background as a Real Estate Broker and in Business Startups
 In this episode you will learn Tips on how to properly make the switch from a day job into the business. What details to evaluate on a property before putting an offer in. The benefits of syndication and how you can use it to close deals. The possibility of closing on a deal wit ... Show More
30m 46s
Feb 2025
How I Turned $9,000 into My Dream Home By "Level-Up" Investing
Can you afford your “dream house” right now? The one with the pool and the ocean views, space for the kids to run around, and a huge pantry. The secret nobody will tell you: you CAN afford your dream house right now—or at least you can afford the investment that will get you ther ... Show More
40m 12s
Jan 2025
How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early) w/Chad Carson
Want to retire early? Then, STOP buying rental properties. You heard that right; buying more rental properties may actually push you further away from early retirement IF you’ve crossed a certain threshold. Today’s guest proves you don’t need dozens of rental properties to reach ... Show More
47m 38s
Feb 2025
10 Ways to Buy Real Estate with No or Low Money (Step-by-Step Guide) | Ep 120
🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGEhttps://go.abetterlife.com/bb_pod_analysis  🧔‍♂️ WHO AM I?Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing! 1️⃣ WANT TO GET YOUR FIRST DEAL?http ... Show More
29m 11s