This is how much my $520k cottage has made in 6 months

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hat's up guys, it's James here and in today's video, I'm going to break down for you exactly how much money I've made over the last six months on my Airbnb property that I just recently bought about six months ago. So for context, if you haven't seen any of my other channel videos, I'm going to be walking through this listing just to give you an idea of exactly what this listing is. But just some basic details, we bought this property in early 2021 Did some renovation work furnish the place and managed to get it listed for the second or third week of June 2021 At the time of this recording are now the end of November of the same year. So it's been live on Airbnb for about six months now. Bring in bookings. And I'm going to show you exactly how much in bookings is actually brought in during that six month period. And what we're projecting for an annual basis based on how things are looking in the coming months here, in terms of bookings we've already got, so I don't want to hold off too much longer, we're going to jump right in. Now before we do that, I just want to remind you that there is a link in the description below that you can check out an all new free training that we put together on exactly how to, you know great incredible cash flow passively investing in short term rental properties, I walk through the three major keys to investing successfully in Airbnb and short term rental properties. And making it passive because so many people, you know, end up making it a full time job, but it really can be extremely passive. In another video, I'm actually going to share just how little time I actually spend managing this property to bring in these incredible numbers that I'm gonna be talking about. So with all that being said, check out the link in the description down below if you want to check out that free training to learn more about how you can do this, how you can get these kinds of results, investing in short term rental properties. It's an incredible investment opportunity. I'm heavily investing in it right now, because the opportunity right now is just so amazing. So with all that said, without further ado, let's go ahead and jump right into it. Now I want to start off, we're in Airbnb here. Now, I want to start off by just giving you a quick preview of the listing. So you can see this page is live. I click on Preview listing, it'll pull up the listing. And so you can see here, we're looking at this fun relaxing cottage with hot tub, sauna and fast Wi Fi. So this you know, it's a six bedroom property. It's a property that we bought, like I said for $520,000. And that's up in Canada here. And you can basically just see, like, we did some cool things like adding a projection kind of movie theater vibe in the basement that cost a few $100 We did it really inexpensively, you know, furnish the place it looks really nice, we did a great job and the decor added some really valuable amenities and hired a fantastic photographer to come in, which is, you know, a really big bonus. And that has definitely improved the performance of the property. So you can see we went with like kind of a cottagey vibe. Now this property is across the road from a lake, but not directly on the lake, which was great for us because we were able to buy it for less but still charge, you know, sort of a lake front type rate for Airbnb, because Airbnb guests don't really care if they're on a lake or across from a lake. So that was really great. We put a ping pong table, some bikes, and a kayak in the garage that people have ample things to do here. Because really, people are booking this property to avoid boredom, you can see the hot tub here, we now have actually a sauna on this pad. So we've added that since launching the listing, I've got a barbecue, all kinds of nice outdoor games, fire pit in the backyard. And we really took the time to you know, make sure these photos were done really nicely staged up nice, you know, with all the things that guests can do. So overall, really great listing,
you know, we worked really hard on this. And this is exactly what we show people to do. In that free training. It's linked in the description I mentioned before is you know how to do things like set up the right headline, how do you choose the right headline for listing? How do you get the right photos? How do you furnish your property the right way. And he said the right listing, description, all that stuff, because all this stuff is what led to these, you know, pretty insane performance numbers that you're going to see. So we go into insights here, this is a tab on Airbnb, we're going to be able to see the actual performance of the property. And then we're just going to want to go down to earnings, we can look at all kinds of different stuff. But earnings is the kind of most exciting, and you can see the big number, we've now hit triple digits in six months. So honestly, that is absolutely insane. If you think about that, that is you know, we've already had paid out almost $100,000 in six months. So that's that's money that's literally already been paid out to us that we've already earned. It's not, you know, future bookings, that is literally just from like I said, we launched mid June. So you didn't even get the full month of June. And as you can see, you know, we only brought in about half a month's income in June there. And then July we brought in 28,000 August, we brought another 27,000 September was a 9k month 11k You know, we're doing just insanely, insanely well. And this properties now again, like I said, brought in $99,734 in just under six months of performance and then we've got in total $106,718 In booked earnings for 2021. So that's going to be by the end of December, what we have booked, and I can tell you from, from knowing our calendar that we already have a ton of vacancies still in December, we actually had a big booking come in for New Year's Eve for $1,600 a night. And so that is, you know, a big portion of those of those, that revenue for December, we've still got a huge portion of the month still left open to book. And then if we look forward, and we go, let's look at January 2022. I know we've got some bookings in there. So yeah, January, we've got $6,000 in additional income already booked already in the calendar ready to go. In February, we've got about another just shy of $2,000. April, just just over $2,000. And then June of next year, we already have over $4,000 in bookings there. So already we're you know, we're trending towards but $150,000 that we're looking at, for this coming year. So if we go back, and we go back to, to just, you know, the current year here, let's see if we can get back there we go. So really, what I wanted to show with this is that, you know, these numbers, honestly are far better than what I even initially projected. So just for context, you know, we ran the numbers on this property. And you know, I figured worst case scenario, this property's going to do about $50,000 a year, that was my worst worst case scenario. That's not what I was expecting. That's just, you know, worst case scenario. And, frankly, the numbers worked out, well, we still made a good solid ROI at $50,000 a year. And I figured they would probably bring it about 80 to $90,000 a year, that was my kind of more reasonable projection of what I actually expected. And wow, the ROI on that was just incredible. So that's what made us go ahead and say, Okay, let's pull the trigger on this, let's move forward with this property. And, you know, lo and behold, it's doing, you know, almost double what I originally expected, we're gonna hit about $150,000 in revenue. Now, obviously, not all of that is profit, we have expenses on that. So it's not like I can just go ahead and retire on this one property, but it's pretty darn close, honestly, you know, this property alone is going to bring in about 60 $70,000 in total profit. And that's going to be after accounting for the mortgage payment, the you know, all the other carrying costs, or the property maintenance costs for the property, some capital expenses that we had on the property as well like adding the sauna, things like that, it's also going to account for the cleaning fees. So we're still making a really good honestly, livable income off of just this one property. So that's, you know, really what attracted me to Airbnb investing. And what I find students are attracted to, that we work with is that you can, you know, with with, you know, long term rentals and traditional real estate investing, we're talking about, you know, 2025 30 years before those properties are paid off, and are bringing in enough cash flow to actually support your lifestyle and be able to allow you to quit your job to the very, very, very long term play. Absolutely, you
can build wealth through, you know, traditional real estate investing, but it's just a very, very long time to do it. Whereas with short term rentals, you can see here, you know, if we look at the numbers again, here, and a month, where we bring in $28,000. In that month, our cost is the same, right, our mortgage payments, about $2,000 a month, we've got about another $1,000 in additional expenses between you know, insurance, utilities, what have you, and then we've got, you know, about $2,000 $3,000, probably in cleaning fees for that month, because that was a, you know, heavily booked month, probably paid about 2500 and cleaning fees that month, I would say. And so, you know, when you take that out, now you're taking out that 2500, another 3000 for for the mortgage taxes, insurance, that sort of thing. We're really looking about $5,500 total that we're taking out of that. So that's over $20,000 in that month alone. And then we went and did just about the same thing in August. So right in those two months alone, we're making what a lot of people frankly, making an entire year from working full time and we're doing it just managing this one property on Airbnb, and the rest of the year is really just gravy as long as you're making, you know, more than $2,000 a month and we're covering our carrying costs. And the nice thing about cleaning fees is they vary based on how booked up you are so really are you know are not to crack on this property is generally about 3000 Maybe $3,500 a month. And you can see we're easily tripling not quadrupling, not in even the slow months out of the year. So an incredibly profitable property and one that now has, you know replaced it a typical full time income, just with you know, one year performance not like we had to wait 25 years to pay off the mortgage for this thing to cash flow. This thing is cash flowing and you know, the tenants of the property, the guests of the property are paying the mortgage. So, you know, by the time it's 25 years down the road, I'm going to be you know, up $500,000 in profit were appreciated probably over seven $800,000 At that point, so you get all that benefit of the long term appreciation the long term equity build up from a traditional real estate play, but you also get this immediate cash flow from the property and it's substantial cash flow because like I said, this property alone is going to cash flow about 60 $70,000 and that's being conservative. And that's also accounting for the fact that I've put all the systems in place and incur the additional expense to do so. So that I am not spending time managing this property I am you know, I'm going to go into the details of this on another video, but I'm quite literally spending maybe an hour to a month on this property and that's pretty much just taking a look at the monthly financials make sure everything looks good, you know, checking in on our systems making sure it looks good. We're talking about an hour to a month to be earning what most people earn an entire year working full time with just one property show me any other real estate investing strategy that can help you achieve that right so that's why I'm very excited about this. That's why I love Airbnb investing again, if you want to learn exactly how you can get started investing in short term rental properties yourself and check out the free training link the description down below. I you know, it always joys me to see how blown away people are when they see these kind of numbers and see what really is possible. I don't think there's enough people out here on YouTube really showing what is possible what is actually achievable with short term rentals. So I hope this opened your eyes to what's possible. I hope you take this opportunity to jump in and get started on your own. Again link down below to that free training to help you it's completely free. All you do is register grab yourself a spot we're gonna give you this train completely free. I've talked to hundreds of people that are looking to invest in short term rentals and I got you know a lot of the same questions calm so I decided to put this training together there's going to walk through Hey, what are the answers to those commonly asked questions, what are the strategies that you need to know in order to get results just like this. So I hope you enjoyed this video. Hope you got value from it. It was insightful and eye opening to be able to see what's possible, and I'll see you in the next video.