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
Today
This Lucrative “Rental” Strategy Brings in $800,000 Per Year
Buying a regular rental property can provide steady, predictable income, but if you're looking for something more lucrative, we’ve got the perfect strategy for you. Today’s guest used it to build a real estate business that brings in $800,000 in annual revenue. The best part? It ... Show More
52m 42s
Jul 7
$900/Month Cash Flow from His FIRST Rental ($0 Down!)
Could rental properties be your ticket to financial freedom? When today’s guest realized his “secure” corporate job wasn’t quite as secure as he thought, he plunged head-first into real estate investing and hasn’t looked back. In just three years, he’s built a real estate portfol ... Show More
42m 32s
Jul 4
Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)
Welcome to another Rookie Reply, where Tony J Robinson and Ashley Kehr answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: Who should provide and maintain appliances in your rental What steps should you t ... Show More
34m 39s
Recommended Episodes
Apr 7
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
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
Aug 2024
How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson
You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, ... Show More
50m 46s
Mar 2025
13 Rental Units with a “Rinse and Repeat” Investing Method
This investor built a multimillion-dollar real estate portfolio with low-money-down loans and little cash-to-close. Thanks to his smart “rinse and repeat” strategy, he’s quickly scaled from zero to 13 rental units in just four years, all while collecting thousands of dollars of c ... Show More
38m 14s
Jun 16
Fast-Tracking Financial Freedom (in Her 30s!) with JUST 5 Rentals
Five rental properties are all you need to change your life. This income alone could cover all your bills, allowing your entire paycheck to go toward investing as you're fast-tracked to financial freedom and early retirement. Even if you’ve got a demanding job with long hours and ... Show More
45m 22s
Aug 2024
From $17K/Year Teacher Salary to Financial Freedom with Repeatable Rentals
How does a teacher with a LOW salary achieve financial freedom, let alone invest in real estate? Surprisingly, it’s not as hard as you think, and if you repeat the strategy from today’s show, you could reach financial freedom much sooner than you’d planned. In this episode, we’re ... Show More
41m 42s
Jan 2025
The Ultimate Guide To Making 10,000 Wholesaling Real Estate In 2025
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/ --- Learn exactly how to make $20K wholesaling real estate without ever buying a single property. If yo ... Show More
1h 8m
May 23
How to Become a Millionaire Through Real Estate (Beginners)
Everyone wants to know how to become a millionaire in real estate. And surprisingly, getting there isn’t all that hard. You can create a seven-figure net worth by investing for just 8-12 years, and if you’re willing to put in a little more work, you can get there faster. Dave has ... Show More
41m 14s