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Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt,

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Speaker 1: and today we're talking about creating your own airbnb for

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Speaker 1: side income. All right, Matt, So today I'm gonna be

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Speaker 1: talking about something that's really interesting and something that you

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Speaker 1: and I are both kind of on the ground floor

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Speaker 1: of talking about potential side income by doing an airbnb

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Speaker 1: at our house. Absolutely, a little self experimentation is what

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Speaker 1: we're what we're considering here. I love doing weird new things,

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Speaker 1: especially if they make you money. Yeah, that sounds like you.

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Speaker 1: And this is a weird thing that could possibly make

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Speaker 1: us some money. I mean, there's obviously a lot of

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Speaker 1: people that have been doing it for quite some time

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Speaker 1: making money, and I'm interested to see if it works

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Speaker 1: for for us. And you and I both have different

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Speaker 1: potential avenues at at doing this in our lives, and

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Speaker 1: we'll explain those in just a little bit. I'm pretty

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Speaker 1: pumped to talk about it and see what it looks

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Speaker 1: like when it comes to fruition to By the way,

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Speaker 1: so this is a podcast about saving money, but we

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Speaker 1: want you to enjoy the finer things in life. You

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Speaker 1: can't enjoy all the finer things. You can drive a

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Speaker 1: beater car and drink awesome beer. And that's kind of

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Speaker 1: our lifestyle mentality, and so that's why you might find

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Speaker 1: us drinking kind of expensive beers most weeks. That's something

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Speaker 1: that we're really really into. But we've chosen wisely. And

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Speaker 1: this beer, I'm really excited to taste it today. Have

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Speaker 1: you ever had this? No, I've never had it. This

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Speaker 1: is this is a hard one to get to really,

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Speaker 1: I think I thought so. Yeah, Rodenbach Alexander, So pop

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Speaker 1: the cork. This is uh, this is a fancy one.

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Speaker 1: Comes Cajun cork. And Rodenbach is a Belgian brewery. Cathie's

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Speaker 1: hearing that I just gave you that a little sniff.

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Speaker 1: There we go. So roden Bock Alexander is a Belgian

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Speaker 1: beer that is aged in footers with cherries. So, um,

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Speaker 1: I'm expecting a lot of the difference between a food

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Speaker 1: or and just a barrel. So it's just like a

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Speaker 1: big barrel, right, Yeah. The footers are like enormous, uh,

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Speaker 1: and I think, I mean, yeah, I've seen them. I've

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Speaker 1: seen them before. I just I mean, I don't know,

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Speaker 1: you don't know why that, yeah, I guess just because

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Speaker 1: the just the size difference in the think big barrel

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Speaker 1: turned up on its side. Yeah, not not so, I don't.

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Speaker 1: I guess sitting on its end, um sitting in a brewery, right,

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Speaker 1: And I think probably in the US, probably New Belgium

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Speaker 1: on Colorado has some of the biggest, biggest foods out

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Speaker 1: there has like the most They've got a punch and

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Speaker 1: they age a bunch of tasty, tasty sour beers in

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Speaker 1: their foods. And so this road in Mick Alexander's got

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Speaker 1: cherries in it and it's aged for up to two years.

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Speaker 1: And so I mean, I don't, I don't know about you, Matt.

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Speaker 1: I'm a huge fan of the Belgian sour beers with

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Speaker 1: fruit and so oh yeah, man, I really fort that acidity,

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Speaker 1: which is like they're darker. I mean, so essentially there

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Speaker 1: it's like the Flanders red style, right, So there's they're

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Speaker 1: a little more heart like a higher that a city

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Speaker 1: d level. Because some of these American darker wilds, I'm

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Speaker 1: just not as big of a fan. They kind of

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Speaker 1: come across like sort of round and soften like a

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Speaker 1: little sticky, which I prefer. I prefer my stoubts to

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Speaker 1: be that way. So as always, we'll take an initial

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Speaker 1: sip here. We'll be drinking it throughout the episode. At

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Speaker 1: the end we will give you our tasting notes on

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Speaker 1: Rodenbach Alexander. So before we get into airbnb talk, Matt cheers, cheers.

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Speaker 1: I mean I can smell those cherries. It's got a

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Speaker 1: huge oakey presence in the cherries are fantastic, nice dark

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Speaker 1: brown color. Yeah, it's not super tart m hm, but

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Speaker 1: it's got just a little bit of that. Yeah. I

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Speaker 1: like it. Not super tarp, but it's not overly sweet. Yea.

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Speaker 1: We we'll talk more about about what we think this

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Speaker 1: beer later. You can taste it some more and change

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Speaker 1: my mind before we launch an airbnb. Yeah, man, what's

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Speaker 1: going on? I you know, I have weird ideas almost

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Speaker 1: every day, and so my weird idea of the day,

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Speaker 1: do you know, uh, wrapping cars with advertisements used to

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Speaker 1: be big years ago. Yeah, right, like back in two

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Speaker 1: thousand three. Yeah, and then all these companies that would

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Speaker 1: they would there were startups and they were like I'm

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Speaker 1: pretty sure I remember a student at E. G. A

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Speaker 1: had a a red bull like a little Red Bulls

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Speaker 1: shorty or something like that with like the tilted you know,

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Speaker 1: the giant can in the back or whatever tilted up. Yeah,

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Speaker 1: you know what I'm talking about. Yeah, yeah, oh yeah, totally. Um. Wait,

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Speaker 1: so you're thinking about doing this something about doing this.

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Speaker 1: So there's a there's a startup called Rapifi w R

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Speaker 1: A P. Your wife's gonna kill you. I mentioned it

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Speaker 1: to her to night. She laughed a little bit because

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Speaker 1: she knows about that. You're serious about my ideas, and

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Speaker 1: then I'm serious. And but you can make forty bucks

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Speaker 1: a week wrap in your car forty a week. I

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Speaker 1: don't know if that's enough, man, because I'm driving through

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Speaker 1: the center of sixty bucks, a giant metropolitan city. I

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Speaker 1: mean with a rap up. I mean, I don't care.

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Speaker 1: I used to dry have a beater like and you

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Speaker 1: know my car is still not beautiful or anything like that.

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Speaker 1: But what what would the would you put it on

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Speaker 1: the leaf or you're yea on my niece on leaf? Okay,

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Speaker 1: So yeah, I don't know, man, that's my hair hair

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Speaker 1: brained idea of the day, if that's if that's your

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Speaker 1: I don't So We've got one vehicle, right, being in

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Speaker 1: one car family, and I just don't see. I don't

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Speaker 1: see any way I could get kid on board. I mean,

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Speaker 1: I don't know. I'll be honest with you, I don't

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Speaker 1: know if i'd be on board with that. I've got

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Speaker 1: a certain level of vanity that I like to maintain. Maybe,

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Speaker 1: but I mean I would if they're paying a lot more.

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Speaker 1: I mean, you said forty bucks a week. Did if

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Speaker 1: they're paying four hundred of a week? Well, yeah, anybody's

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Speaker 1: got a price, right, I mean, if it was twenty

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Speaker 1: bucks a week, I wouldn't do it. But forty bucks

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Speaker 1: a week, I'm like a hundred sixty bucks a month,

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Speaker 1: breaking in the hundreds at the end of the month. Yeah,

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Speaker 1: I get worth it. Well that makes sense? Can you?

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Speaker 1: Can you bail it? Wait? So how much have you

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Speaker 1: looked into this? So I have downloaded the app and

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Speaker 1: it's tracked my driving to know kind of where I

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Speaker 1: drive and how many miles a day and stuff, and

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Speaker 1: then it kind of tells you whether you qualify or

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Speaker 1: not to be a driver for them, because they want

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Speaker 1: to see they want to make sure you're driving in

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Speaker 1: front of people and that your car isn't just parked

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Speaker 1: in a garage. And so you know, my driving, I

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Speaker 1: guess qualifies because I'm driving through downtown city and midtown

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Speaker 1: actor downtown Midtown connector like obviously it's gonna get a

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Speaker 1: lot of probably like an ideal, you can have a

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Speaker 1: lot of people, a lot of people saying to me,

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Speaker 1: do you want to know what the actual first advertisement

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Speaker 1: is on it? That I think is what I would

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Speaker 1: end up. You are already know what it would looks. Yeah,

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Speaker 1: it looks like I can tell from the from that,

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Speaker 1: but it looks like it's it's promoting a new show

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Speaker 1: with Honey Boo Boo's mom. Dude, No, seriously, not joking. Yeah,

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Speaker 1: I definitely wouldn't do that. I think it makes it

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Speaker 1: more awesome. I think it makes it funnier than my

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Speaker 1: leaf is going to be driving around town, just like

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Speaker 1: put putting around town with Honey booboos mom's face on it.

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Speaker 1: As soon as you said that, though, all I'm thinking

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Speaker 1: of that gift where Honey, like Honey Booboo is a

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Speaker 1: little girl, right, yeah, it means still going around that gift.

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Speaker 1: If anybody doesn't know who Honey, I mean, I don't

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Speaker 1: really watch TV but that much, but I know who

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Speaker 1: Culture Phenomena google it, yeah five years ago or something.

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Speaker 1: Come on, how much funny would that be? I just

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Speaker 1: love to do little experience too, to see what kind

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Speaker 1: of weird ways can you make money out there? I

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Speaker 1: thought you, I thought you commute to work on your bike. Yes,

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Speaker 1: So the first episode was on biking, and I did

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Speaker 1: said it. But it's been brutally cold lately here, brutally cold.

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Speaker 1: And I did get in a bike accident too, and

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Speaker 1: so I had my bike had been out of commission.

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Speaker 1: So I've been back in my car um and so

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Speaker 1: that is the reason that I have been back in

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Speaker 1: the car. And so I'm gonna try this out for

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Speaker 1: a month. This is like a one month long campaign.

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Speaker 1: All right, Well, report back. I'll report back. That could

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Speaker 1: be a whole another podcast. See how it goes. And

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Speaker 1: you know what, maybe if it goes well, maybe they'll

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Speaker 1: consider wrapping my bike. They're not going to wrap your bike,

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Speaker 1: I mean. Or maybe I could just wear a sandwich

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Speaker 1: board while I'm on my bike on the way to work.

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Speaker 1: I don't know. I just have donated kidney. You'd sell

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Speaker 1: a kidney, maybe, dude. I hadn't even looked into that. Okay,

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Speaker 1: I'm gonna start looking craigslist. Anybody need a kidney? How

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Speaker 1: much will you pay? All right? So obviously I like

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Speaker 1: weird ways to make money that leads us to Airbnb. Airbnb,

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Speaker 1: and you talked about this, uh a few months back.

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Speaker 1: I think you mentioned to me a possibility of putting

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Speaker 1: it an Airbnb in your house. Yeah. We I mean,

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Speaker 1: you know, we talked about it again. We're just always

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Speaker 1: kind of thinking of just thinking of different different ways

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Speaker 1: to have a little side hustle going on for us,

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Speaker 1: you know, I mean, our income is is variable, so

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Speaker 1: having an unpredictable income keeps us on our toes. And

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Speaker 1: that's just something we we had considered. But Airbnb, we

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Speaker 1: don't even need to explain it, right. Everybody knows what

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Speaker 1: Airbnb is, sure, and if anybody that doesn't, It's a

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Speaker 1: website where you can rent out literally a spare room

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Speaker 1: in your house. You can rent out an apartment, an apartment,

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Speaker 1: a tiny home, a whole house, whatever you want to do.

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Speaker 1: Mention And I mean we've looked at I've looked on

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Speaker 1: there before and seeing some of the stuff that people

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Speaker 1: have listed. The's like how it's like Janet Jackson's like

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Speaker 1: mansion like down to south of Atlanta. I mean there's

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Speaker 1: some huge houses on there. I've stayed in some really fun,

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Speaker 1: interesting places on Airbnb, and I've stayed in some really

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Speaker 1: super cheap bedrooms on Airbnb, so I feel like I

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Speaker 1: run the gamut. I mean, not like mansion houses or

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Speaker 1: anything like that, because I'm not a baller, but airbb

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Speaker 1: to me, it's changed the way I travel in a

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Speaker 1: really positive way. I've had a lot of passive experience

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Speaker 1: with Airbnb, and dude, it's awesome. I mean being able

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Speaker 1: to go to get on there and you can basically

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Speaker 1: for the same amount of money that you would spend

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Speaker 1: on a hotel on a crappy, you know hotel, you

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Speaker 1: can stay in a pretty sweet place and a better

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Speaker 1: location for either less money or the same you know,

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Speaker 1: or the same amount that you had spent on a

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Speaker 1: on a crappy hotel. Anyway, it's awesome to me. The

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Speaker 1: great thing is when you visit a city, the hotels

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Speaker 1: are usually in a couple of spots. And let's say

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Speaker 1: you when Emily and I went to Norway in to Oslo,

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Speaker 1: and the hotels are pretty much all downtown, right and

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Speaker 1: you know, I'm sure they're in some other spots, but

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Speaker 1: the particular place that we wanted to stay, there's no hotels.

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Speaker 1: You have to get an Airbnb and it led to

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Speaker 1: the best experience ever. It was and those are the

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Speaker 1: places you want to visit anyway, are the places where

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Speaker 1: there aren't hotels because there's no hotels there, right. So

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Speaker 1: it's like a ten minute bus ride from downtown and

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Speaker 1: it's right on the Fiord. Literally, it's this tiny home

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Speaker 1: right on the Fiord with there's like a dock right

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Speaker 1: in front of it. Is that where they filmed Frozen?

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Speaker 1: Is that why you wanted to Uh? Yeah, you know,

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Speaker 1: I wanted to want to me was there a castle there?

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Speaker 1: And we only know Frozen because we Matt and I

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Speaker 1: each have daughters. So we went Frozen Rozen non stop

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Speaker 1: lately with it being so cold. I mean literally, the

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Speaker 1: girls are like, it's cold outside, let's watch Frozen, and

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Speaker 1: you're like, no, put on my headphones. Yeah, actually, don't mind.

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Speaker 1: It's it's a good movie. It is good. It is

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Speaker 1: good for what it is. I prefer to pressing movies.

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Speaker 1: But it's fine with the kids. Fine. So so that

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Speaker 1: was my favorite Airbnb experience ever. I jumped in the

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Speaker 1: Fiord and it was some of it was like this

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Speaker 1: ice cold water is like jumping in glacier water. It

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Speaker 1: was amazing, But that was an experience I could not

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Speaker 1: have gotten for air and existed. Really, Oh is that yeah?

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Speaker 1: I mean it's a house on the water, right, it

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Speaker 1: was almost on the water. It was almost on the water.

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Speaker 1: It's like a tiny home, kind of in the back

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Speaker 1: of somebody else's home, right right. I remember seen a

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Speaker 1: picture and it looked like you're as a picture out

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Speaker 1: the window and you're looking at yeah, exactly, Yeah, you

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Speaker 1: look on the mountains in the fjord, exactly. I was incredible.

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Speaker 1: I was a little jealous. Great, and it costs less

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Speaker 1: than a hotel room, but my experience was so magnified

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Speaker 1: by doing that and the people you meet. You know,

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Speaker 1: we talked to the owner for a while, and it

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Speaker 1: just felt like this beautiful experience getting to meet someone

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Speaker 1: from Norway, talk to him for a little bit, kind

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Speaker 1: of get their vibe for what they enjoyed doing, like

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Speaker 1: the local experience, and you just don't get that out

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Speaker 1: of hotel. You talked to a concierge, she was like, yeah,

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Speaker 1: there's a McDonald's around the corner, dude. Yeah, I don't

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Speaker 1: even talk to the the concierge. I'm just like not worth Yeah,

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Speaker 1: I know where I want to go. It would just

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Speaker 1: let me, let me do what I want to do.

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Speaker 1: And before Airbnb, I guess there was is couch surfing, right,

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Speaker 1: So couch surfing dot Com, which it's kind of like

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Speaker 1: the predecessor, still exists, but couch surfing wasn't really a

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Speaker 1: capitalistic endeavor. It was kind of this little more hippie yeah,

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Speaker 1: like sign up, find a place to stay, connect with people.

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Speaker 1: Did you ever do couch surfing? Oh? You should have.

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Speaker 1: I just honestly, I don't think I even really knew

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Speaker 1: about it, to be honest with you. With you man, Yeah,

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Speaker 1: so my buddy, I love the idea of it. My

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Speaker 1: buddy Travis and I we bought a car and we

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Speaker 1: traveled across the country for three months. So we end

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Speaker 1: up doing a lot of couch surfing, finding a lot

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Speaker 1: of people. Sometimes we just meet people in person and

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Speaker 1: ask if we can stay at their place, like the

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Speaker 1: original form of couch surfing. Yeah, no internet needed, but

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Speaker 1: we would do the couch surfing dot com. And my

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Speaker 1: buddy Travis, interestingly enough, after that trip, he met not

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Speaker 1: so not on the trip with me, but he met

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Speaker 1: his wife couch surfing in New Orleans. That's that's pretty awesome.

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Speaker 1: So you can find love through these sites too. Yeah, out,

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Speaker 1: I was gonna go down the path, but I decided

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Speaker 1: it's amazing though. Yeah, that is it's very cool. I mean, yeah,

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Speaker 1: an Airbnb obviously provides that that's that same similar vibe, right,

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Speaker 1: Like you get to meet meet different folks, whether I

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Speaker 1: mean sometimes the hosts aren't there, which is which is fine,

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Speaker 1: but I just like being able to stay even in

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Speaker 1: a neighborhood that you wouldn't even hardly even visit, right.

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Speaker 1: Kate and I we had our anniversary trip this past

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Speaker 1: fall and we went to Boston and we stayed in

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Speaker 1: a neighborhood called back Bay. Super ritzy, I mean brown

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Speaker 1: stones that are like a hundred and fifty years old,

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Speaker 1: honestly prettier than any brown stone I've seen in New

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Speaker 1: York Brooklyn. But in Boston, dude, it was gorgeous, unreal.

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Speaker 1: And we pulled up Zilo Zillo up on our phone

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Speaker 1: because we're like, man, I wonder what some of these

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Speaker 1: units are going for, you know, And we had like

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Speaker 1: a fourth floor walk up or something like that. There

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Speaker 1: was a fifth floor like on the building right next

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Speaker 1: door to it. List list it out like one point

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Speaker 1: three million for in all these units are when I

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Speaker 1: guess maybe square foot like a thirteen square foot two

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Speaker 1: one at most. I mean the one we stayed out

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Speaker 1: only had a single, single bedroom, but to be able

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Speaker 1: to stay there, and so I think we only paid

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Speaker 1: about like one twenty a night to stay in a

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Speaker 1: neighborhood in a part of town that we would obviously

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Speaker 1: never be able to afford to live. But I loved it, man,

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Speaker 1: just being able to walk the walk the streets and

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Speaker 1: walk past the buildings, and there's this sort of park

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Speaker 1: down the in between, like on this one avenue that

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Speaker 1: we got to walk down, so you're not even on

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Speaker 1: the sidewalk, you're walking down like the stretch of park

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Speaker 1: in between these buildings. It's awesome, cool, that's cool. Yeah,

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Speaker 1: I love that experience that are being be can provide.

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Speaker 1: So let's tell people. So Matt and I I think

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Speaker 1: Matt's a few months ago had had the idea to

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Speaker 1: do it in his house and he's kind of started

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Speaker 1: work a little bit. And then I'll tell you, guys,

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Speaker 1: kind of my seed that started germinating just a few

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Speaker 1: weeks ago. Since then, I guess I got you thinking.

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Speaker 1: So we've been thinking about it, and basically we've got

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Speaker 1: space under our house, our our basement space, and so

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Speaker 1: the idea is to be able to basically create an

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Speaker 1: apartment down there, just to let folks know it's not

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Speaker 1: a finished baseman. It's yeah, another floor and stuff. So

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Speaker 1: like you got a lot of work to do. I

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Speaker 1: mean literally we would have to create it, I mean,

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Speaker 1: including digging some dirt out to to make sure there's

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Speaker 1: enough enough head clearance. It's I mean technically maybe it

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Speaker 1: might be more considered to be a cross space, but

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Speaker 1: it's a huge cross space. I mean I think if

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Speaker 1: I if we took out like a foot of dirt,

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Speaker 1: we would be able to have eight foot ceilings, you know.

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Speaker 1: So it's it's pretty big up under there. And yeah,

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Speaker 1: there's not a ton of space, so we knew we

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Speaker 1: would never want it to be a traditional lease where

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Speaker 1: there's somebody always down there. Part part of it has

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Speaker 1: to do with too not wanting to create a kitchen,

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Speaker 1: creating a little apartment for someone to to be able

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Speaker 1: to spend the night, obviously a bathroom and uh you know,

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Speaker 1: maybe like a little mini mini bar, mini fridge kind

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Speaker 1: of action for them to put leftovers in or something

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Speaker 1: like that when they're going out to eat. But that's

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Speaker 1: kind of something where we've been considering. I've been down

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Speaker 1: there every other week or so. I'll go down there

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Speaker 1: with like a tape measure and take measurements to figure

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Speaker 1: things out. But no, we have not started actually digging

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Speaker 1: or creating the space anything like that. It's it's kind

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Speaker 1: of all a it's all a pipe dream at the

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Speaker 1: moment at least, all right. And so if you if

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Speaker 1: you crunch numbers on it, and what what do you

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Speaker 1: think you could make on it, and what's your what's

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Speaker 1: your aim here? Yeah, I mean, so the idea is,

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Speaker 1: I think based on the demand I'm seeing in our neighborhood.

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Speaker 1: So Joel and I both live in a pretty popular

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Speaker 1: neighborhood I guess pretty close to east line of village.

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Speaker 1: So a lot of folks are are wanting to kind

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Speaker 1: of hang out there. And I think we could rent

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Speaker 1: it out like easily twenty twenty out of three days

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Speaker 1: of the month, just about. And I think it could

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Speaker 1: go for between like sixty two somewhere between sixty eight

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Speaker 1: bucks a night for how many square feet. I think

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Speaker 1: we measured out about two like somewhere between like two

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Speaker 1: square two to fifty. Yeah, I mean it all kind

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Speaker 1: of depends though, So I'm mine started to take place

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Speaker 1: because I like to search rain of things in Craigslist.

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Speaker 1: There's like a few of my favorite search terms that

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Speaker 1: I'll type in every once in a while if I

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Speaker 1: just kinda I got a down minute and I want

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Speaker 1: my brain to race about weird stuff, and airstream is

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Speaker 1: one of the things that like to type INTOUP. Yeah,

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Speaker 1: you've been talking about an airstream for yeah a while now. Yeah,

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Speaker 1: it's been kind of on my mind, and I've looked

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Speaker 1: at it at different times, and probably a year ago,

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Speaker 1: I was looking at a couple and then I tossed

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Speaker 1: in the Craigslist the other day and there's a guy

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Speaker 1: literally right around the corner for me, less than a

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Speaker 1: mile away, who's selling an airstream that he currently rents

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Speaker 1: on Airbnb. It's super good looking. It's yeah, you showed

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Speaker 1: me a picture of it, Yes, my kind of style.

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Speaker 1: But the interior it needs a lot of work, and um,

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Speaker 1: I'm just not sure how if I'm ready to like

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Speaker 1: redo a bathroom in an airstream right now? But why

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Speaker 1: why why is he why as he's selling it, he's moving.

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Speaker 1: So he just kind of got me thinking specifically about

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Speaker 1: that one and then figuring out the market a little

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Speaker 1: bit more. So I went to there, there's an air

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Speaker 1: stream classified websites. I'm taking through there to kind of

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Speaker 1: see what's nearby and what's available and to kind of

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Speaker 1: auto trader for air streams exactly exactly. So Craigslist has

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Speaker 1: like some merit there, but these air stream classifiedes, if

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Speaker 1: you're willing to travel especially, I think are it's it's

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Speaker 1: a it's a better website you can you can get

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Speaker 1: a better idea of the value too. So after looking

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Speaker 1: at that, I knew that this guy was asking too much.

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Speaker 1: He would think he was asking eighteen and I think

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Speaker 1: probably for his I'd be willing to pay like ten

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Speaker 1: to twelve. Yeah, it's because I found some that were

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Speaker 1: bigger and had much better renovations done to them. And yeah,

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Speaker 1: that because that was something I was I was thinking

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Speaker 1: about when you told me that, which is it's one

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Speaker 1: thing to do a renovation, I guess on a regular

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Speaker 1: traditional building or home, I feel like with a air stream,

390
00:18:58,040 --> 00:19:01,960
Speaker 1: but there's gonna be specific specific parts are sure, and

391
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Speaker 1: like that's gonna make it. I mean, I think at

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Speaker 1: least I've never done this, but I feel like it

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00:19:05,600 --> 00:19:07,359
Speaker 1: would make it a little trickier to kind of replace

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Speaker 1: stuff like a bathroom, for instance, And that's definitely the

395
00:19:10,560 --> 00:19:13,040
Speaker 1: case for for certain parts theater stream. But I think

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00:19:13,320 --> 00:19:16,120
Speaker 1: you have a lot of leeway to I mean, there's

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Speaker 1: people that tile out the bathrooms and air streams, and

398
00:19:18,720 --> 00:19:20,320
Speaker 1: so you can kind of basically just do whatever you want.

399
00:19:20,320 --> 00:19:21,879
Speaker 1: It's not like you're trying to restore it to its

400
00:19:21,920 --> 00:19:26,720
Speaker 1: original the original condition or yeah, yeah, it's not a restoration.

401
00:19:26,800 --> 00:19:29,040
Speaker 1: It's really really is just a renovation, and a lot

402
00:19:29,080 --> 00:19:31,359
Speaker 1: of people have renovated and and done them well. So

403
00:19:31,440 --> 00:19:33,480
Speaker 1: there was one about an hour north of us. They're

404
00:19:33,480 --> 00:19:38,080
Speaker 1: asking about twenty but crunching the numbers, like you said,

405
00:19:38,200 --> 00:19:40,919
Speaker 1: renting out alan average twenty nights a month, which I

406
00:19:40,920 --> 00:19:43,000
Speaker 1: think is pretty reasonably. That kind of gives you a

407
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Speaker 1: little bit flex to even say no to folks if

408
00:19:45,680 --> 00:19:47,719
Speaker 1: you know, you want to have a party that weekend

409
00:19:47,840 --> 00:19:50,480
Speaker 1: or something, and save it for yourself. And I know

410
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Speaker 1: a couple of people in town that have their own

411
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Speaker 1: airbnbs and they've pretty much said nights a month is

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Speaker 1: pretty average for running theirs out. So what do you

413
00:20:00,960 --> 00:20:03,080
Speaker 1: think you could you know, as far as the other numbers,

414
00:20:03,600 --> 00:20:04,919
Speaker 1: how much do you think you could get for it?

415
00:20:05,680 --> 00:20:10,159
Speaker 1: So I think, uh, airstream would be able to rent

416
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Speaker 1: for on Airbnb for roughly sixty five a night maybe

417
00:20:16,920 --> 00:20:19,960
Speaker 1: if we do some good landscaping and stuff back there too, Yeah,

418
00:20:20,080 --> 00:20:22,400
Speaker 1: make it look cute around it, and yeah, get good reviews,

419
00:20:22,680 --> 00:20:24,879
Speaker 1: get get landscaping back there, and make sure it's a

420
00:20:24,920 --> 00:20:27,159
Speaker 1: good experience. Well, and I mean, I will say for

421
00:20:27,200 --> 00:20:31,360
Speaker 1: you specifically an air stream, I think it's perfect for

422
00:20:31,400 --> 00:20:35,640
Speaker 1: your location. Like your house is corner lot, You've got

423
00:20:35,640 --> 00:20:38,159
Speaker 1: that concrete slab or whatever, and I've seen that for

424
00:20:38,240 --> 00:20:40,560
Speaker 1: you is what you're thinking about exactly, So basically it

425
00:20:40,640 --> 00:20:43,320
Speaker 1: used to get back it up right onto that you've basically,

426
00:20:43,880 --> 00:20:46,720
Speaker 1: I mean, that's a perfect spot. Many side access off

427
00:20:46,720 --> 00:20:48,280
Speaker 1: the street, so it's not like they're having to like

428
00:20:48,840 --> 00:20:51,600
Speaker 1: go through your front gate if you you know, exactly.

429
00:20:51,640 --> 00:20:54,359
Speaker 1: The backyard really good set up. The backyard really feels

430
00:20:54,359 --> 00:20:57,960
Speaker 1: like entirely separate space in a lot of ways from

431
00:20:58,280 --> 00:21:00,320
Speaker 1: the house. Like we don't use the back yard all

432
00:21:00,320 --> 00:21:03,160
Speaker 1: that much. It's just perfect space though for this, So

433
00:21:03,400 --> 00:21:06,320
Speaker 1: it kind of feels like a different lot, separate lot. Almost. Yeah,

434
00:21:06,520 --> 00:21:08,479
Speaker 1: so it just feels like it's it really is kind

435
00:21:08,480 --> 00:21:12,240
Speaker 1: of perfect for us. It's not kind of trying to

436
00:21:12,240 --> 00:21:14,000
Speaker 1: shove a square peg into a round hole. It really

437
00:21:14,040 --> 00:21:17,440
Speaker 1: actually does fit. And so yeah, so unlike maybe us,

438
00:21:18,560 --> 00:21:21,400
Speaker 1: what do you mean, It's not like it's everything's already there,

439
00:21:21,480 --> 00:21:23,399
Speaker 1: laid out perfect for us. It's it would definitely be

440
00:21:23,480 --> 00:21:25,440
Speaker 1: some work. But I mean, I'm not afraid of hard

441
00:21:25,480 --> 00:21:28,960
Speaker 1: work or you know, even like manual labor, since the

442
00:21:29,000 --> 00:21:30,240
Speaker 1: idea is to be able to do a lot of

443
00:21:30,280 --> 00:21:32,880
Speaker 1: that myself when I'm not busy with my full time job,

444
00:21:33,640 --> 00:21:35,760
Speaker 1: kind of you know, pick it up in between, uh,

445
00:21:35,880 --> 00:21:39,720
Speaker 1: during the slow season. But yeah, so let's say sixty

446
00:21:39,760 --> 00:21:43,000
Speaker 1: dollars a night, running out twenty nights a week there be,

447
00:21:43,080 --> 00:21:44,639
Speaker 1: and B takes her cut. Let's say you're making a

448
00:21:44,640 --> 00:21:47,880
Speaker 1: thousand dollars a month. Yeah, that's pretty good. You're gonna

449
00:21:47,920 --> 00:21:49,800
Speaker 1: pay on a year. Yeah, you're gonna pay off the

450
00:21:49,800 --> 00:21:52,480
Speaker 1: air stream in less than two years eighteen ran, yeah,

451
00:21:52,600 --> 00:21:54,439
Speaker 1: year and a half maybe. Plus I want to have

452
00:21:54,480 --> 00:21:57,160
Speaker 1: an air stream just to like take my family around

453
00:21:57,160 --> 00:21:58,919
Speaker 1: one of these days, oh man speaking air streams like

454
00:21:58,960 --> 00:22:02,720
Speaker 1: so Monday night bery bery over on the So they've

455
00:22:02,720 --> 00:22:06,000
Speaker 1: got their second location now and then they're massive tasting room.

456
00:22:06,040 --> 00:22:07,800
Speaker 1: If it's an air stream, right, don't they have that

457
00:22:08,400 --> 00:22:10,600
Speaker 1: camper or something? You remember we went on one of

458
00:22:10,640 --> 00:22:14,439
Speaker 1: the opening nights. We took our kids. I lost my

459
00:22:14,480 --> 00:22:17,679
Speaker 1: youngest your your daughter was lost? Where was she inside?

460
00:22:17,680 --> 00:22:20,720
Speaker 1: The air stream? Run down? Beat up air stream? It

461
00:22:20,800 --> 00:22:25,080
Speaker 1: was pretty funny. Yeah, and I'm a bad dad. You're okay,

462
00:22:25,160 --> 00:22:28,200
Speaker 1: It's fine. I'm average at least, I'll take that. Yeah,

463
00:22:28,240 --> 00:22:30,960
Speaker 1: let's talk about some some more of the benefits then, yeah, right,

464
00:22:31,000 --> 00:22:33,040
Speaker 1: so yeah, so I think I mean you can make money.

465
00:22:33,080 --> 00:22:35,480
Speaker 1: You can. Uh, let's say you run out a room

466
00:22:35,480 --> 00:22:36,840
Speaker 1: in your house. There's a lot of people that can

467
00:22:36,840 --> 00:22:38,720
Speaker 1: do that. Let's say you're living in a two bedroom

468
00:22:38,760 --> 00:22:40,800
Speaker 1: place and you don't use one of the bedrooms, or

469
00:22:41,119 --> 00:22:44,600
Speaker 1: maybe you do, but you could stop using it sometimes

470
00:22:44,800 --> 00:22:47,639
Speaker 1: certain times. There's a guy that I talked to just

471
00:22:47,720 --> 00:22:50,320
Speaker 1: the other day who does this very thing. He rents

472
00:22:50,320 --> 00:22:52,720
Speaker 1: out just one room in his house, just a regular dude.

473
00:22:52,720 --> 00:22:55,840
Speaker 1: He's a teacher, and he made over three thousand dollars

474
00:22:55,920 --> 00:22:59,080
Speaker 1: last year from Airbnb, just from an extra from an

475
00:22:59,080 --> 00:23:02,359
Speaker 1: extra room. That he'd and out sometimes, Yeah, that's awesome.

476
00:23:02,400 --> 00:23:04,760
Speaker 1: I think a lot of people, based on anytime we've

477
00:23:04,760 --> 00:23:06,359
Speaker 1: gotten on there and looked around at some of the

478
00:23:06,359 --> 00:23:11,440
Speaker 1: available um houses or rooms or whatever near us, there

479
00:23:11,480 --> 00:23:13,320
Speaker 1: are I mean the vast majority of folks that's what

480
00:23:13,359 --> 00:23:15,160
Speaker 1: it is. It's not it's not an entire house. It's

481
00:23:15,200 --> 00:23:18,680
Speaker 1: just a room. And which is why I think, Well,

482
00:23:18,680 --> 00:23:20,400
Speaker 1: that means I think it's part of why an air

483
00:23:20,440 --> 00:23:22,439
Speaker 1: stream or a separate apartment would be amazing, because you

484
00:23:22,440 --> 00:23:25,240
Speaker 1: can say that you've got your own space, you're not

485
00:23:25,280 --> 00:23:27,359
Speaker 1: sharing it with anybody. And I think for folks, they

486
00:23:27,359 --> 00:23:29,080
Speaker 1: don't need something huge. They just want to be able

487
00:23:29,119 --> 00:23:32,080
Speaker 1: to Sometimes if you're at a conference or or you're

488
00:23:32,119 --> 00:23:35,679
Speaker 1: in town to see a concert or to see family,

489
00:23:36,200 --> 00:23:37,679
Speaker 1: you don't want to have to also go home to

490
00:23:37,720 --> 00:23:39,440
Speaker 1: where you're you know, go back to where you're staying

491
00:23:39,480 --> 00:23:41,280
Speaker 1: and talk to somebody. You just want to be able

492
00:23:41,320 --> 00:23:43,600
Speaker 1: to walk in, close the door and just go to

493
00:23:43,640 --> 00:23:46,280
Speaker 1: sleep or watch the TV or something. Yeah, open the

494
00:23:46,320 --> 00:23:49,560
Speaker 1: door and walk in drunk at one am or something

495
00:23:49,600 --> 00:23:52,399
Speaker 1: like that, and maybe the post is sleeping just they

496
00:23:52,400 --> 00:23:54,879
Speaker 1: can hear you that that feels a little awkward. I agree,

497
00:23:54,880 --> 00:23:57,280
Speaker 1: I usually we've slept, we've done the bedroom thing before,

498
00:23:57,320 --> 00:24:00,960
Speaker 1: but it's not our preference. We definitely prefer our own spot.

499
00:24:01,160 --> 00:24:02,719
Speaker 1: It can be a little awkward sometimes, Yeah, you need

500
00:24:02,760 --> 00:24:04,240
Speaker 1: me to be cost a little bit more. We're usually

501
00:24:04,280 --> 00:24:07,160
Speaker 1: willing to spend the extra money exactly our own place.

502
00:24:07,240 --> 00:24:09,800
Speaker 1: But that's why the air streams or small rooms are perfect.

503
00:24:10,240 --> 00:24:13,359
Speaker 1: I love a small room by itself or something like that.

504
00:24:13,440 --> 00:24:17,320
Speaker 1: Just I don't care if if it's a smaller space,

505
00:24:17,359 --> 00:24:20,600
Speaker 1: but it's our space, I'd rather I'd rather do that. Yeah, absolutely,

506
00:24:20,600 --> 00:24:22,800
Speaker 1: I'd rather have our space then this massive space that

507
00:24:22,840 --> 00:24:27,000
Speaker 1: we're sharing. Yeah. Absolutely. But but yeah, so income, right,

508
00:24:27,040 --> 00:24:29,479
Speaker 1: and it's not just income, it's I mean, the benefit

509
00:24:29,480 --> 00:24:32,359
Speaker 1: of that is to diversify, right, And so if I

510
00:24:32,359 --> 00:24:34,199
Speaker 1: mean that's for for us, it's just been able to

511
00:24:34,240 --> 00:24:37,480
Speaker 1: diversify the kind of the different income streams that we

512
00:24:37,520 --> 00:24:40,679
Speaker 1: have coming in, the different sources of income. Again, with

513
00:24:40,720 --> 00:24:44,280
Speaker 1: our our income being more variable, to be able to

514
00:24:45,400 --> 00:24:47,560
Speaker 1: to have a little extra extra flow coming in from

515
00:24:47,560 --> 00:24:50,879
Speaker 1: a different source. Man, that's great. And for it to

516
00:24:50,960 --> 00:24:53,280
Speaker 1: be more passive. Yeah, you know, that's what's so great

517
00:24:53,280 --> 00:24:55,760
Speaker 1: about this is not it's not like you're having to

518
00:24:55,800 --> 00:24:58,320
Speaker 1: work really hard to do this. It's just a a

519
00:24:58,320 --> 00:25:00,439
Speaker 1: few clicks here and there and maybe lean it up

520
00:25:00,480 --> 00:25:03,119
Speaker 1: the place or what have you. But it's it's definitely

521
00:25:03,119 --> 00:25:06,399
Speaker 1: a little more passive than most folks. Yeah, I'm all

522
00:25:06,400 --> 00:25:09,200
Speaker 1: about that diversification. If you're one of those people that

523
00:25:09,240 --> 00:25:11,880
Speaker 1: wants to retire early, I think doing something like this

524
00:25:11,920 --> 00:25:14,200
Speaker 1: is great. There's a lot of people that buy duplex,

525
00:25:14,280 --> 00:25:15,800
Speaker 1: live at half, run out the other half, and it

526
00:25:15,840 --> 00:25:18,439
Speaker 1: pays for most of the mortgage. Anything you can do

527
00:25:18,520 --> 00:25:22,240
Speaker 1: like that, you know, house hacking, having your own airbnb,

528
00:25:22,440 --> 00:25:26,120
Speaker 1: that those kind of things will help you to get

529
00:25:26,160 --> 00:25:28,960
Speaker 1: that extra income stream and you can divert that to

530
00:25:29,080 --> 00:25:31,639
Speaker 1: saving for retirement or building up to buy more things

531
00:25:31,640 --> 00:25:35,640
Speaker 1: that will actually bring you a return in the long run. Yeah,

532
00:25:35,640 --> 00:25:37,440
Speaker 1: you can buy more leafs that you can wrap to

533
00:25:37,760 --> 00:25:41,760
Speaker 1: uh make even more money. It's just this compounding machine. Well,

534
00:25:41,800 --> 00:25:43,920
Speaker 1: you know, there's some people that have there's a few

535
00:25:43,960 --> 00:25:46,920
Speaker 1: people that do touro, which is a website where you

536
00:25:46,960 --> 00:25:50,520
Speaker 1: can rent your car out, and there's people a few

537
00:25:50,520 --> 00:25:53,920
Speaker 1: people that have found it works so well for them

538
00:25:54,000 --> 00:25:56,520
Speaker 1: that they buy a fleet and of cars. Basically they

539
00:25:56,600 --> 00:25:59,520
Speaker 1: become their own rental car company. Totally. Yeah, that sounds

540
00:25:59,600 --> 00:26:01,080
Speaker 1: terrible to me. I know, I don't want to do

541
00:26:01,160 --> 00:26:04,040
Speaker 1: that either, but those kind of I love that that

542
00:26:04,080 --> 00:26:07,400
Speaker 1: there's these side hustles exist now there. It is nice

543
00:26:07,400 --> 00:26:09,240
Speaker 1: for folks to have options out there, right, I guess

544
00:26:09,240 --> 00:26:10,879
Speaker 1: just the whole car side of it just I just

545
00:26:10,920 --> 00:26:12,840
Speaker 1: feel like so much can go wrong with I don't know,

546
00:26:12,840 --> 00:26:17,359
Speaker 1: with the vehicle you have to be driving around hitting people. Yeah, like,

547
00:26:17,400 --> 00:26:19,760
Speaker 1: no one's gonna kill somebody with your airstream, right Like,

548
00:26:20,000 --> 00:26:22,960
Speaker 1: but I know something about a vehicle just kind of

549
00:26:22,960 --> 00:26:25,000
Speaker 1: freaks me out. I don't I don't like cars. I

550
00:26:25,000 --> 00:26:27,480
Speaker 1: think if you're get into the airbnb game, you're gonna

551
00:26:27,520 --> 00:26:31,200
Speaker 1: want to consider how much money you're willing to put

552
00:26:31,200 --> 00:26:33,080
Speaker 1: forward up front, and you're gonna want to keep the

553
00:26:33,080 --> 00:26:36,000
Speaker 1: investment minimal. I wouldn't suggest going out and buying a

554
00:26:36,040 --> 00:26:38,719
Speaker 1: house and putting it up on Airbnb and seeing how

555
00:26:38,760 --> 00:26:41,200
Speaker 1: it works out, seeing if it sticks. And obviously there's

556
00:26:41,240 --> 00:26:44,320
Speaker 1: some locations that will work better than others. So if

557
00:26:44,359 --> 00:26:48,359
Speaker 1: you live in rural Pennsylvania, I don't know, maybe a

558
00:26:48,400 --> 00:26:50,520
Speaker 1: lot of people come there to visit, but maybe they don't,

559
00:26:50,560 --> 00:26:52,840
Speaker 1: So you're gonna want to look at the market, see

560
00:26:52,840 --> 00:26:55,320
Speaker 1: what's around you. Look up on the Airbnb. You can

561
00:26:55,320 --> 00:26:58,560
Speaker 1: see what other rentals are currently available, what they're charging,

562
00:26:59,320 --> 00:27:02,360
Speaker 1: Talk to somebody that's done it. Do your research, but

563
00:27:02,680 --> 00:27:06,080
Speaker 1: don't overinvest. Don't put in a bunch of money when

564
00:27:06,119 --> 00:27:08,040
Speaker 1: you can't get the return. Yeah, you need to be

565
00:27:08,080 --> 00:27:10,199
Speaker 1: smart about it. And like you said, man, like that

566
00:27:10,240 --> 00:27:12,399
Speaker 1: map feature is just so nice. You can literally go

567
00:27:12,440 --> 00:27:14,959
Speaker 1: to where you live, look around and just get some comps.

568
00:27:15,119 --> 00:27:17,600
Speaker 1: If if they've got a ton of reviews and a

569
00:27:17,640 --> 00:27:19,879
Speaker 1: lot of activity, well guess what many they're running it

570
00:27:19,920 --> 00:27:22,600
Speaker 1: out a bunch and it might be worthwhile. Yeah, like

571
00:27:22,640 --> 00:27:24,399
Speaker 1: I was looking at there's a hundred dollar a night

572
00:27:24,440 --> 00:27:26,520
Speaker 1: one here and sixty dollar night when there. And I

573
00:27:26,560 --> 00:27:28,920
Speaker 1: can say, well, if I got this air stream and

574
00:27:29,040 --> 00:27:30,320
Speaker 1: be a little bit better than that one and not

575
00:27:30,400 --> 00:27:32,080
Speaker 1: quite as good as that one, and this is probably

576
00:27:32,080 --> 00:27:34,480
Speaker 1: the market rate I could charge. You know, if it

577
00:27:34,520 --> 00:27:36,000
Speaker 1: is going to work out for you to do Airbnb,

578
00:27:36,119 --> 00:27:38,920
Speaker 1: if you've got you know, either even just an investment property,

579
00:27:38,960 --> 00:27:41,119
Speaker 1: is that and you have the potential to make a

580
00:27:41,160 --> 00:27:44,800
Speaker 1: lot more then if you had a traditional lease, like

581
00:27:44,800 --> 00:27:46,760
Speaker 1: a traditional one year lease, where you've got a full time,

582
00:27:47,080 --> 00:27:49,879
Speaker 1: full time tenant, you could have someone in there for

583
00:27:50,000 --> 00:27:52,640
Speaker 1: half that time and be making more than you'd probably

584
00:27:52,920 --> 00:27:54,400
Speaker 1: likely be able to pull in a rent at least

585
00:27:54,440 --> 00:27:57,080
Speaker 1: here in Atlanta. Yeah, and so part of me has

586
00:27:57,080 --> 00:28:01,160
Speaker 1: thought about using this as kind of like a little tests. Yeah,

587
00:28:01,520 --> 00:28:04,119
Speaker 1: because I have houses right around the corner that I

588
00:28:04,280 --> 00:28:07,520
Speaker 1: leased on a yearly basis and might be switching over

589
00:28:07,560 --> 00:28:09,800
Speaker 1: to Airbnb. If I kill it an Airbnb, why not

590
00:28:10,240 --> 00:28:12,400
Speaker 1: start running, you know, furnish those homes and and see

591
00:28:12,440 --> 00:28:16,000
Speaker 1: what I can do on shorter term rentals or Airbnb.

592
00:28:17,359 --> 00:28:19,960
Speaker 1: This is why it seems appealing, is that it seems

593
00:28:20,000 --> 00:28:22,480
Speaker 1: that you can save on So there's gonna there's always

594
00:28:22,520 --> 00:28:24,800
Speaker 1: some expenses when it comes to buying like a new house,

595
00:28:24,880 --> 00:28:27,359
Speaker 1: like an investment property at something you know, like you

596
00:28:27,400 --> 00:28:29,240
Speaker 1: and I, we've got a couple of investment properties. Is

597
00:28:29,320 --> 00:28:32,800
Speaker 1: something that we're into. But there's a lot of money

598
00:28:32,840 --> 00:28:35,840
Speaker 1: associated with that. It's you know, you're looking at additional insurance,

599
00:28:36,119 --> 00:28:38,400
Speaker 1: you're looking at the cost to purchase the home, just

600
00:28:38,760 --> 00:28:42,400
Speaker 1: closing costs, and just the general upkeep of a set

601
00:28:42,480 --> 00:28:45,880
Speaker 1: completely separate house and taxes and just everything. I mean

602
00:28:46,000 --> 00:28:49,400
Speaker 1: through a trailer in your backyard. Sorry, airstream. I don't

603
00:28:49,400 --> 00:28:51,080
Speaker 1: want I don't make it sound like a double wide,

604
00:28:51,520 --> 00:28:54,240
Speaker 1: but or you know, we finished at the basement apartment.

605
00:28:54,600 --> 00:28:56,520
Speaker 1: Some of those costs are already baked in, They're already

606
00:28:56,520 --> 00:28:59,800
Speaker 1: built into your existing properties. So those are costs that

607
00:29:00,320 --> 00:29:03,000
Speaker 1: it's overhead that you don't have to even consider when

608
00:29:03,000 --> 00:29:05,800
Speaker 1: it comes to when it comes to an airbnb. I agree.

609
00:29:05,800 --> 00:29:08,560
Speaker 1: I think that was a lot of the benefit that

610
00:29:08,640 --> 00:29:12,080
Speaker 1: I see in doing an airstream. That's doing an airbnb

611
00:29:12,160 --> 00:29:16,000
Speaker 1: more affordable, kind of upfront, right, totally more affordable, better return,

612
00:29:16,320 --> 00:29:20,760
Speaker 1: and less less hassle, less to deal with. Well, we'll

613
00:29:20,760 --> 00:29:22,520
Speaker 1: talk about that in a second. I think running it

614
00:29:22,560 --> 00:29:24,120
Speaker 1: out at the day to day there's could be a

615
00:29:24,160 --> 00:29:28,640
Speaker 1: lot of hassle there. But the tax structure, right like

616
00:29:28,960 --> 00:29:30,400
Speaker 1: if I buy a house, I'm gonna have to pay

617
00:29:30,640 --> 00:29:32,760
Speaker 1: real say, I'm gonna have to pay taxes annually on that,

618
00:29:33,040 --> 00:29:35,040
Speaker 1: I'm gonna have to have insurance, all that stuff, right

619
00:29:35,040 --> 00:29:38,560
Speaker 1: like you just mentioned. With an airbnb, I don't really

620
00:29:38,640 --> 00:29:41,240
Speaker 1: have to have any of that, And so it makes

621
00:29:41,240 --> 00:29:43,760
Speaker 1: it a lot more appealing to just grab something put

622
00:29:43,800 --> 00:29:46,040
Speaker 1: it in my backyard that's kind of going and used

623
00:29:46,040 --> 00:29:47,400
Speaker 1: in a lot of ways, and it is a perfect

624
00:29:47,400 --> 00:29:49,880
Speaker 1: space for it. Do that see how things go? You

625
00:29:49,880 --> 00:29:52,080
Speaker 1: think I could? Uh so we just built built a

626
00:29:52,080 --> 00:29:55,160
Speaker 1: playhouse for the girls and in the backyard over Christmas,

627
00:29:56,160 --> 00:29:58,960
Speaker 1: And would you think I'd be able to like it

628
00:29:59,160 --> 00:30:03,440
Speaker 1: literally like an airstream or kind of a basement apartment.

629
00:30:03,640 --> 00:30:05,120
Speaker 1: It gets you thinking and you're like, man, how much

630
00:30:05,120 --> 00:30:08,440
Speaker 1: would somebody spend to sleep? It's the equivalent of I mean,

631
00:30:08,440 --> 00:30:11,520
Speaker 1: it's nicer than like a camping shelter like on the

632
00:30:11,560 --> 00:30:14,640
Speaker 1: a T if somebody want to just come to Atlanta

633
00:30:15,160 --> 00:30:17,760
Speaker 1: sleeping there, sleeping back. It doesn't really have a door

634
00:30:17,880 --> 00:30:22,160
Speaker 1: that closes. It's got it's got a nice tin roof.

635
00:30:22,480 --> 00:30:24,000
Speaker 1: You might be able to get like three bucks a night.

636
00:30:24,760 --> 00:30:27,600
Speaker 1: Three that somebody would pay tis like ten or twenty.

637
00:30:27,800 --> 00:30:31,600
Speaker 1: Get some electricity out there and maybe yeah I know, yes,

638
00:30:32,080 --> 00:30:33,440
Speaker 1: people at least want to be able to charge their

639
00:30:33,480 --> 00:30:36,479
Speaker 1: cell phone. Yeah, yeah, no electricity. I don't think anybody

640
00:30:36,520 --> 00:30:39,840
Speaker 1: wants that for more than three bucks and zero cost there.

641
00:30:40,080 --> 00:30:42,600
Speaker 1: I mean, obviously it cost us some money to build it.

642
00:30:42,640 --> 00:30:46,440
Speaker 1: But yeah, so are you concerned about like this sort

643
00:30:46,480 --> 00:30:49,840
Speaker 1: of the day to day keeping up with it, cleaning?

644
00:30:51,240 --> 00:30:54,000
Speaker 1: I'm not yeah, and I tell you, I'll tell you why.

645
00:30:54,080 --> 00:30:57,080
Speaker 1: I think certainly there is there's a lot of like

646
00:30:57,200 --> 00:30:58,800
Speaker 1: learning curve I think on the front end on that

647
00:30:58,800 --> 00:31:02,200
Speaker 1: that will definitely happen. But just like take the sheets

648
00:31:02,200 --> 00:31:03,760
Speaker 1: off and just shake them and just put them back.

649
00:31:04,720 --> 00:31:07,840
Speaker 1: I think we'll definitely have two sets of sheets, probably three,

650
00:31:07,960 --> 00:31:10,920
Speaker 1: and just change them out every time, say, with towels

651
00:31:10,960 --> 00:31:13,640
Speaker 1: and linens all that stuff, right, and but we'll keep

652
00:31:13,640 --> 00:31:16,000
Speaker 1: it super basic. There will be two plates in a

653
00:31:16,000 --> 00:31:18,920
Speaker 1: coffee pot and two mugs. That's all you need, you know. Yeah,

654
00:31:18,920 --> 00:31:20,720
Speaker 1: there's gonna be two of everything, and it's gonna be

655
00:31:21,120 --> 00:31:23,800
Speaker 1: super chill. There's not gonna be a whole lot involved.

656
00:31:23,920 --> 00:31:26,840
Speaker 1: And I think it's gonna be quick wipe down of

657
00:31:26,880 --> 00:31:31,360
Speaker 1: the counters, you know, quick sweep and get out of there.

658
00:31:31,480 --> 00:31:34,000
Speaker 1: This in fact good to go. Yeah, I think it'll

659
00:31:34,040 --> 00:31:37,360
Speaker 1: take twenty to thirty minutes maybe and maybe a little

660
00:31:37,360 --> 00:31:39,080
Speaker 1: bit longer in the beginning as we're kind of learning

661
00:31:39,160 --> 00:31:42,160
Speaker 1: our system. But I'm not really worried about that. And

662
00:31:42,240 --> 00:31:45,080
Speaker 1: I think if you create enough barrier in between the

663
00:31:45,160 --> 00:31:49,240
Speaker 1: checkout and the check in, uh, and there's some time,

664
00:31:49,280 --> 00:31:53,440
Speaker 1: you mean, like the first time checkouts, it eleven and

665
00:31:53,440 --> 00:31:56,080
Speaker 1: and check in is until three pm or something three

666
00:31:56,200 --> 00:31:58,120
Speaker 1: or five. Give yourself a few hours. Yeah, So if

667
00:31:58,160 --> 00:32:00,880
Speaker 1: I give myself that kind of leeway, then I think

668
00:32:01,360 --> 00:32:04,240
Speaker 1: I think it's easy. Obviously haven't done it yet, but

669
00:32:04,240 --> 00:32:05,720
Speaker 1: I've talked to other people that have, and I feel

670
00:32:05,720 --> 00:32:08,480
Speaker 1: like I've gotten a good understanding. And most people say

671
00:32:08,800 --> 00:32:11,640
Speaker 1: it's pretty chill. It's really not that hard. And and again,

672
00:32:11,720 --> 00:32:14,680
Speaker 1: one of my favorite things about doing air Baby myself,

673
00:32:14,720 --> 00:32:17,800
Speaker 1: going and running a place is meeting the people. And

674
00:32:17,840 --> 00:32:19,720
Speaker 1: I don't do that every time. You know, lots of

675
00:32:19,720 --> 00:32:22,720
Speaker 1: times the person that runs the runs the joint isn't there.

676
00:32:23,200 --> 00:32:24,800
Speaker 1: But I love that when I do get to meet

677
00:32:24,840 --> 00:32:26,120
Speaker 1: them and hang out with them and get a little

678
00:32:26,120 --> 00:32:29,400
Speaker 1: insider knowledge. And I really think I love the other

679
00:32:29,440 --> 00:32:31,120
Speaker 1: side of it to getting to meet people that are

680
00:32:31,200 --> 00:32:34,760
Speaker 1: visiting our town here what they're in town for. Yeah,

681
00:32:34,800 --> 00:32:36,400
Speaker 1: and hey, wha, well have you thought about going into

682
00:32:36,400 --> 00:32:38,400
Speaker 1: this place and creating a book of some of my

683
00:32:38,440 --> 00:32:40,719
Speaker 1: favorite places for them to go see and stuff like that?

684
00:32:40,760 --> 00:32:43,040
Speaker 1: It sounds like a labor of love. To Jill's Guide

685
00:32:43,040 --> 00:32:47,560
Speaker 1: to Atlanta, Yeah, it's gonna be a lot of greasy food.

686
00:32:47,640 --> 00:32:50,960
Speaker 1: And I had a lot of like concert venues. Yeah,

687
00:32:51,000 --> 00:32:54,040
Speaker 1: so I do think it would be easier with them both.

688
00:32:54,080 --> 00:32:56,400
Speaker 1: I mean both of what we're considering are on site,

689
00:32:56,800 --> 00:32:59,600
Speaker 1: like at our own, yes, own house, and so with

690
00:32:59,640 --> 00:33:02,120
Speaker 1: you and your backyard with us potentially you know, down

691
00:33:02,120 --> 00:33:06,360
Speaker 1: in the basement, that seems really easy. But to have

692
00:33:06,480 --> 00:33:07,960
Speaker 1: to maybe get in the car or hop on the

693
00:33:07,960 --> 00:33:11,640
Speaker 1: bike and ride over to a different you know, a

694
00:33:11,640 --> 00:33:14,040
Speaker 1: different house to where that set up, I I see

695
00:33:14,040 --> 00:33:16,040
Speaker 1: that being way more of a hassle to actually leave

696
00:33:16,080 --> 00:33:17,880
Speaker 1: the home. I mean, you know too, if you had

697
00:33:17,920 --> 00:33:21,320
Speaker 1: to just walk in the backyard like that's I think

698
00:33:21,360 --> 00:33:24,320
Speaker 1: that's I mean, that's definitely a benefit to our specific situations,

699
00:33:24,600 --> 00:33:27,520
Speaker 1: is that there's just it would be so easy to

700
00:33:28,120 --> 00:33:31,480
Speaker 1: to just for us to run downstairs, change the sheets,

701
00:33:31,480 --> 00:33:33,920
Speaker 1: clean up, Like if I wasn't home, kid could do

702
00:33:34,000 --> 00:33:36,000
Speaker 1: you know, I work from home. So that's another reason

703
00:33:36,040 --> 00:33:37,719
Speaker 1: for me that it's it would be great. It's just like, well,

704
00:33:37,760 --> 00:33:40,040
Speaker 1: I'm already here. It's be really easy for me to

705
00:33:40,240 --> 00:33:41,720
Speaker 1: you know, just hop down there and do that. But

706
00:33:41,760 --> 00:33:44,239
Speaker 1: even if I wasn't here, man, if you know, one

707
00:33:44,280 --> 00:33:46,320
Speaker 1: of the girls, a couple of girls were taking a

708
00:33:46,440 --> 00:33:47,719
Speaker 1: nap or something like that in the middle the day,

709
00:33:47,800 --> 00:33:49,920
Speaker 1: Kate could run down there knock it out if I

710
00:33:49,920 --> 00:33:51,080
Speaker 1: if I had a meeting, or if I was out

711
00:33:51,040 --> 00:33:53,640
Speaker 1: of out of town or something. Yeah, I thought about that.

712
00:33:53,720 --> 00:33:57,080
Speaker 1: For our my rental house, it's just around the corner.

713
00:33:57,080 --> 00:34:01,640
Speaker 1: It's about half mile away. But I wasn't ready to

714
00:34:02,280 --> 00:34:05,480
Speaker 1: kind of test it out on a full fledged rental

715
00:34:05,560 --> 00:34:07,880
Speaker 1: like that until I did. Like an experiment like this,

716
00:34:08,200 --> 00:34:11,160
Speaker 1: I want to see how it works close up in

717
00:34:11,200 --> 00:34:13,480
Speaker 1: my backyard and how I'm able to attend to it

718
00:34:13,560 --> 00:34:15,759
Speaker 1: and see what how much of a pain in the

719
00:34:15,760 --> 00:34:18,879
Speaker 1: ask factor does this add to my life? And once

720
00:34:18,880 --> 00:34:21,400
Speaker 1: I do that, then I feel like I'll know, Okay,

721
00:34:21,400 --> 00:34:23,239
Speaker 1: cool is it? Is it gonna be worth it for me?

722
00:34:23,239 --> 00:34:25,319
Speaker 1: Will I make enough return on my money to make

723
00:34:25,320 --> 00:34:28,239
Speaker 1: it worth it to turn my regular annual rental into

724
00:34:28,280 --> 00:34:30,520
Speaker 1: an airbnb as well? It's around the corner. If I

725
00:34:30,560 --> 00:34:33,920
Speaker 1: can make a thousand dollars more a month, it's probably

726
00:34:33,960 --> 00:34:36,200
Speaker 1: gonna be worth the hassle factor. But I mean, if

727
00:34:36,200 --> 00:34:41,240
Speaker 1: you're willing to drive around the wrap car for right right,

728
00:34:41,960 --> 00:34:44,759
Speaker 1: I still can't. Yeah, I still can't get past that. Well,

729
00:34:44,800 --> 00:34:46,480
Speaker 1: I can't wait to report back and let you know

730
00:34:46,520 --> 00:34:49,239
Speaker 1: how how honey Booboo's mom is doing on the side

731
00:34:49,280 --> 00:34:51,600
Speaker 1: of my car. I do not want to see your vehicle.

732
00:34:52,200 --> 00:34:55,040
Speaker 1: It's gonna be awesome with her face on it, so

733
00:34:55,040 --> 00:34:57,799
Speaker 1: so can we. We talked about the like the upside, right,

734
00:34:57,920 --> 00:35:02,120
Speaker 1: the positives, pot positives? What are you concerned about? Have

735
00:35:02,200 --> 00:35:05,719
Speaker 1: you thought through like potential downsides? Sure, yes, totally. You're

736
00:35:05,719 --> 00:35:08,000
Speaker 1: worried about the whole murder thing. Uh, somebody getting killed?

737
00:35:08,480 --> 00:35:10,920
Speaker 1: You know that didn't come on my list of potential

738
00:35:10,920 --> 00:35:13,080
Speaker 1: downsides on my pros and cons. I could totally see

739
00:35:13,080 --> 00:35:16,520
Speaker 1: a body in an airstream like way before I could

740
00:35:16,520 --> 00:35:19,960
Speaker 1: see a body in a basement apartment. Really well, I

741
00:35:19,960 --> 00:35:23,200
Speaker 1: think they're both ripe. Once I said it out loud,

742
00:35:23,239 --> 00:35:28,879
Speaker 1: I was like, oh, yeah, pretty, that's totally worthy. You've

743
00:35:28,880 --> 00:35:30,640
Speaker 1: got dirt floors right now, dude, They're going to find

744
00:35:30,680 --> 00:35:34,080
Speaker 1: a way polished concrete floors. It's gonna be awesome. It's

745
00:35:34,080 --> 00:35:37,480
Speaker 1: gonna be nice, all right. Yes, So, I think the

746
00:35:37,480 --> 00:35:40,600
Speaker 1: potential downsides one the first one, or that hassle factor,

747
00:35:40,640 --> 00:35:43,600
Speaker 1: which is why I haven't looked into doing my regular

748
00:35:43,600 --> 00:35:47,280
Speaker 1: rental as an Airbnb. And I think the hasshole factor

749
00:35:47,680 --> 00:35:50,719
Speaker 1: of and I think you have to choose, like I

750
00:35:50,719 --> 00:35:52,600
Speaker 1: I on AIRBB you can set up whether you want

751
00:35:52,640 --> 00:35:57,080
Speaker 1: to allow a minimum stay and stay. Yeah, and so

752
00:35:57,120 --> 00:35:58,879
Speaker 1: I'm thinking, I don't know, probably two night minimum stay

753
00:35:58,880 --> 00:36:00,600
Speaker 1: because I don't I don't want it to do every

754
00:36:00,719 --> 00:36:03,680
Speaker 1: day every day, right. But that's one of the biggest

755
00:36:03,680 --> 00:36:06,120
Speaker 1: factors to me, was the in communist factor. But I

756
00:36:06,120 --> 00:36:08,080
Speaker 1: think if we get it down to science and you know,

757
00:36:08,120 --> 00:36:10,640
Speaker 1: my wife works a little bit but works from home,

758
00:36:10,680 --> 00:36:13,200
Speaker 1: and so if we can kind of transfer those duties

759
00:36:13,239 --> 00:36:15,160
Speaker 1: and you know, hey, can you cover this this day

760
00:36:15,200 --> 00:36:17,319
Speaker 1: and can you cover this that day? I think we

761
00:36:17,440 --> 00:36:20,480
Speaker 1: I think we'll be fine. It's just downside coming up

762
00:36:20,520 --> 00:36:22,239
Speaker 1: with the system. But that's a downside for Shure. It's

763
00:36:22,239 --> 00:36:25,000
Speaker 1: definitely not I mean I kind of mentioned it as

764
00:36:25,040 --> 00:36:27,719
Speaker 1: a positive like a second ago, but how it's sort

765
00:36:27,719 --> 00:36:31,440
Speaker 1: of this automated source of income, right, But it's not

766
00:36:31,520 --> 00:36:35,520
Speaker 1: truly passive income. It's not like an investment that's earning dividends,

767
00:36:36,520 --> 00:36:39,120
Speaker 1: uh something like that. Well that's what they're gonna be honest.

768
00:36:39,160 --> 00:36:41,240
Speaker 1: It still involves work. That's one of my pet peeves

769
00:36:41,440 --> 00:36:45,040
Speaker 1: is anybody calling something passive income. There's only a certain

770
00:36:45,080 --> 00:36:48,560
Speaker 1: amount of passivity that you can actually expect from a

771
00:36:48,640 --> 00:36:52,360
Speaker 1: rental home or an airbnb. And and it's not to

772
00:36:52,440 --> 00:36:55,480
Speaker 1: call it passive income. It feels like a massive overstatement

773
00:36:55,560 --> 00:36:58,680
Speaker 1: because there's a lot of work involved in buying and

774
00:36:58,760 --> 00:37:01,400
Speaker 1: actually keeping up with your runtal home and your tenants

775
00:37:01,440 --> 00:37:04,120
Speaker 1: and making sure you run one that that is good

776
00:37:04,400 --> 00:37:06,799
Speaker 1: in a place where people want to live. And so, yeah,

777
00:37:06,840 --> 00:37:09,960
Speaker 1: passive income is is a phrase I like to avoid usually,

778
00:37:10,040 --> 00:37:12,640
Speaker 1: and yet running an airbnb would definitely not be considered

779
00:37:12,680 --> 00:37:15,200
Speaker 1: passive income in my book. But it's a different way

780
00:37:15,239 --> 00:37:17,719
Speaker 1: of income. I think you can. The way I think

781
00:37:17,760 --> 00:37:19,760
Speaker 1: of it is making a lot more than you could

782
00:37:20,239 --> 00:37:23,440
Speaker 1: with your time doing this than you could doing a

783
00:37:23,440 --> 00:37:29,000
Speaker 1: lot of other things. So if I spend you know,

784
00:37:29,040 --> 00:37:32,080
Speaker 1: let let's say thirty minutes a day, four days a

785
00:37:32,080 --> 00:37:36,560
Speaker 1: week running this airbnb, and so that's you know, two

786
00:37:36,560 --> 00:37:38,719
Speaker 1: hours a week I'm putting into that, but I can

787
00:37:38,800 --> 00:37:42,040
Speaker 1: make a thousand dollars a month from it. That's a

788
00:37:42,080 --> 00:37:45,080
Speaker 1: really good return on my time investment. So that's what

789
00:37:45,239 --> 00:37:47,279
Speaker 1: I the way I look at it, not as this

790
00:37:47,719 --> 00:37:49,840
Speaker 1: thing it's going to run itself necessarily, although there's a

791
00:37:49,880 --> 00:37:52,200
Speaker 1: lot of mechanisms you can put in that will help

792
00:37:52,200 --> 00:37:54,200
Speaker 1: it run itself in a lot of ways exactly. And

793
00:37:54,239 --> 00:37:56,920
Speaker 1: so yeah, yeah, to counter that, you could just set

794
00:37:56,960 --> 00:37:59,560
Speaker 1: up a cleaning service, you know, where they know the

795
00:37:59,600 --> 00:38:01,440
Speaker 1: system them you just send them a text or something

796
00:38:01,480 --> 00:38:04,160
Speaker 1: like that, and you can set up the I don't

797
00:38:04,200 --> 00:38:05,800
Speaker 1: know what it's called, I forget, but like the instant

798
00:38:05,840 --> 00:38:08,399
Speaker 1: book basically, like you don't have to approve and click

799
00:38:08,440 --> 00:38:10,680
Speaker 1: through with messages and stuff like that. You just I

800
00:38:10,960 --> 00:38:12,799
Speaker 1: I assume you set a filter that you're willing to

801
00:38:12,840 --> 00:38:16,400
Speaker 1: accept people above a certain rating. And then also a

802
00:38:16,440 --> 00:38:18,239
Speaker 1: lot of that can be automated, and you just set

803
00:38:18,280 --> 00:38:20,399
Speaker 1: up the rules and instructions on how to get in

804
00:38:20,440 --> 00:38:23,560
Speaker 1: with the keypadd and all that all that action, and

805
00:38:23,600 --> 00:38:25,439
Speaker 1: I kind of saw some of those problems. But yeah,

806
00:38:25,960 --> 00:38:28,359
Speaker 1: but yeah, so you're talking about only putting in thirty minutes, right,

807
00:38:28,400 --> 00:38:31,200
Speaker 1: and so it seems like a no brainer. Another downside though,

808
00:38:31,320 --> 00:38:35,759
Speaker 1: is that it still takes some upfront costs totally right.

809
00:38:35,840 --> 00:38:37,319
Speaker 1: It's not like all of a sudden you can just

810
00:38:37,320 --> 00:38:39,799
Speaker 1: start doing this. Although if you I mean if you

811
00:38:39,800 --> 00:38:42,200
Speaker 1: have a room, so if you know, if you already

812
00:38:42,200 --> 00:38:43,799
Speaker 1: have a room in your house, like we're both talking

813
00:38:43,880 --> 00:38:48,279
Speaker 1: about dropping some money to basically set us up for

814
00:38:48,320 --> 00:38:50,840
Speaker 1: this additional revenue revenue stream. But if you've already I mean,

815
00:38:50,880 --> 00:38:52,719
Speaker 1: if you've already have a room in your house that's

816
00:38:52,920 --> 00:38:55,080
Speaker 1: just not being used and it's just got your golf

817
00:38:55,120 --> 00:38:58,760
Speaker 1: clubs or just whatever other junk sitting around in it, Dude,

818
00:38:59,440 --> 00:39:03,200
Speaker 1: you could do it in one saturday with yes, like

819
00:39:03,239 --> 00:39:06,239
Speaker 1: I mean literally just having all you can do it

820
00:39:06,280 --> 00:39:07,640
Speaker 1: all in one weekend because you could set up a

821
00:39:07,719 --> 00:39:11,080
Speaker 1: yard sale, sell your extra crap, use some of that

822
00:39:11,120 --> 00:39:13,480
Speaker 1: money to spruce up the room, maybe a new coat

823
00:39:13,520 --> 00:39:17,319
Speaker 1: of pain, get some new linen's, some new towels. It

824
00:39:17,440 --> 00:39:19,880
Speaker 1: is kind of a no brainer if you're up for

825
00:39:19,880 --> 00:39:24,200
Speaker 1: for for up for house guests, yeah exactly. Yeah. A

826
00:39:24,320 --> 00:39:29,239
Speaker 1: downside though, two house guests are privacy. Sure, you're gonna

827
00:39:29,239 --> 00:39:33,000
Speaker 1: have some privacy issues. Then if you you know, you've

828
00:39:33,000 --> 00:39:35,279
Speaker 1: got somebody staying in your house potentially, so that's the

829
00:39:36,200 --> 00:39:39,440
Speaker 1: lowest cost of entry is the room extra room inside

830
00:39:39,440 --> 00:39:41,120
Speaker 1: your house. But then that's also gonna be the most

831
00:39:41,120 --> 00:39:44,840
Speaker 1: problematic when it comes to you know, having house guests,

832
00:39:45,080 --> 00:39:47,360
Speaker 1: You're not gonna have nearly as much privacy. And for

833
00:39:47,360 --> 00:39:49,279
Speaker 1: for us, for like with a young family. That's going

834
00:39:49,320 --> 00:39:51,719
Speaker 1: to be kind of I don't think we would be

835
00:39:51,760 --> 00:39:55,279
Speaker 1: well reviewed on the Airbnb if we were renting out

836
00:39:55,280 --> 00:39:57,960
Speaker 1: a room inside our house. Yeah, and I'm definitely not

837
00:39:58,719 --> 00:40:00,880
Speaker 1: um I'm I wouldn't do that either. That's just not

838
00:40:01,640 --> 00:40:03,480
Speaker 1: that's not where I'm at, But I was not where

839
00:40:03,520 --> 00:40:05,640
Speaker 1: we are. I think there's a lot of people. Or

840
00:40:06,239 --> 00:40:09,680
Speaker 1: for instance, back when I was single, before I got married,

841
00:40:09,719 --> 00:40:12,520
Speaker 1: I would have been you know, and I initially bought

842
00:40:12,520 --> 00:40:14,480
Speaker 1: a two bedroom house and I've run it out one

843
00:40:14,520 --> 00:40:16,239
Speaker 1: of the rooms to a friend. I would have been

844
00:40:16,560 --> 00:40:19,200
Speaker 1: totally okay airbi and being that for the time, but

845
00:40:19,280 --> 00:40:20,879
Speaker 1: at the point in my life that I'm at now,

846
00:40:20,920 --> 00:40:23,399
Speaker 1: I wouldn't do it. So we actually have a back

847
00:40:23,440 --> 00:40:26,080
Speaker 1: addition to our house that connects to where we live,

848
00:40:27,000 --> 00:40:30,239
Speaker 1: and it would make a great Airbnb, but I'm just

849
00:40:30,280 --> 00:40:32,960
Speaker 1: not willing to do it because it literally attaches to

850
00:40:32,960 --> 00:40:36,040
Speaker 1: our house. We hear them, they hear us. We wanted

851
00:40:36,080 --> 00:40:37,880
Speaker 1: someone that was going to be the same person and

852
00:40:37,920 --> 00:40:39,759
Speaker 1: the same persons lived there for three years now, and

853
00:40:39,960 --> 00:40:42,600
Speaker 1: I mean you you knew her before, well, we wanted

854
00:40:42,640 --> 00:40:45,399
Speaker 1: to be able to know that person. She's she's a friend. Yeah,

855
00:40:45,440 --> 00:40:48,640
Speaker 1: because it's that closer quarters and I just wouldn't be

856
00:40:48,680 --> 00:40:51,520
Speaker 1: comfortable doing an airbnb with that. So you definitely have

857
00:40:51,600 --> 00:40:53,960
Speaker 1: to figure out how close am I going to be

858
00:40:54,040 --> 00:40:58,359
Speaker 1: to these people and how comfortable do I feel? And

859
00:40:58,440 --> 00:41:02,200
Speaker 1: that's definitely a judgment all for you. Don't just look

860
00:41:02,280 --> 00:41:03,960
Speaker 1: at the dollar signs thinking about the ways it's going

861
00:41:04,040 --> 00:41:05,799
Speaker 1: to impact your life. But you can also do a

862
00:41:05,840 --> 00:41:08,520
Speaker 1: test you can test out. Yeah, that's what's so cool

863
00:41:08,520 --> 00:41:10,560
Speaker 1: about that. Well, especially with the room. With a room,

864
00:41:10,960 --> 00:41:13,000
Speaker 1: this is your almost you know, very little costs up front.

865
00:41:13,000 --> 00:41:15,480
Speaker 1: You can just try it out. Yeah. So but like

866
00:41:15,520 --> 00:41:17,759
Speaker 1: obviously with airstream or the basement department, we're gonna have

867
00:41:17,840 --> 00:41:19,640
Speaker 1: to do a little more digging. We're gonna have to

868
00:41:19,840 --> 00:41:21,719
Speaker 1: make sure the numbers are going to work out. Literal

869
00:41:21,840 --> 00:41:25,400
Speaker 1: digging on on on my end, literal literal digging on

870
00:41:25,440 --> 00:41:29,520
Speaker 1: your end, as basically a labor in your own home. Yeah,

871
00:41:29,719 --> 00:41:33,640
Speaker 1: I tell you. I I texted my my contractor friend James,

872
00:41:34,320 --> 00:41:35,560
Speaker 1: so I told him, I was like, hey, man, I've

873
00:41:35,560 --> 00:41:39,160
Speaker 1: got like two square feet worth the dirt. If I

874
00:41:39,200 --> 00:41:42,720
Speaker 1: need to dig down about two feet with one person

875
00:41:42,760 --> 00:41:44,279
Speaker 1: doing the work, how much you know, how how long

876
00:41:44,320 --> 00:41:46,160
Speaker 1: do you think it would take. And he got back

877
00:41:46,239 --> 00:41:49,120
Speaker 1: when it's like whoa. It's like, first of all, how

878
00:41:49,120 --> 00:41:50,680
Speaker 1: far do you need to move the dirt? I was

879
00:41:50,680 --> 00:41:55,160
Speaker 1: like maybe, he's like you can be using a wheelbarrow. Like, yes,

880
00:41:55,719 --> 00:41:59,560
Speaker 1: he's like three weeks of hard labor. I was like,

881
00:41:59,600 --> 00:42:02,799
Speaker 1: oh my, that sounds sounds pretty brutal. At the same time,

882
00:42:02,800 --> 00:42:04,520
Speaker 1: it kind of sounds awesome because it's like, I'm in,

883
00:42:04,560 --> 00:42:07,200
Speaker 1: I'm gonna be a stud by the time. By the

884
00:42:07,200 --> 00:42:09,440
Speaker 1: time I get done with that, I can have some

885
00:42:09,560 --> 00:42:13,000
Speaker 1: strong shoulders and a strong back to workout routine right there,

886
00:42:12,840 --> 00:42:15,960
Speaker 1: free same time, free workout routine. The appeal of that

887
00:42:16,120 --> 00:42:19,160
Speaker 1: kind of actually sounds I over overly romanticize it, I

888
00:42:19,160 --> 00:42:21,319
Speaker 1: think in my mind, but I think it sounds pretty cool. Well,

889
00:42:21,520 --> 00:42:24,200
Speaker 1: once you're a weekend I'll be interested to hear how

890
00:42:24,239 --> 00:42:27,520
Speaker 1: you're romanticized. Might have a different, different tune at that point. Yeah,

891
00:42:27,680 --> 00:42:30,680
Speaker 1: are you decided at this point, have you guys decided that,

892
00:42:30,719 --> 00:42:32,439
Speaker 1: like we're definitely gonna do this, it's just a matter

893
00:42:32,440 --> 00:42:34,279
Speaker 1: of finding the right deal, or are you guys still

894
00:42:34,320 --> 00:42:39,640
Speaker 1: kind of on the fence. I'd say we're we're committed,

895
00:42:41,160 --> 00:42:43,839
Speaker 1: So yeah, we're not act, So actually I didn't realize

896
00:42:43,880 --> 00:42:45,480
Speaker 1: you guys were that committed. I like it. On our

897
00:42:45,520 --> 00:42:48,720
Speaker 1: last episode we talked about budgeting and I talked about

898
00:42:48,719 --> 00:42:52,320
Speaker 1: how are which By the way, I hope that's not

899
00:42:52,360 --> 00:42:55,759
Speaker 1: too dry for people, the budgets. The budgeting episode, no idea.

900
00:42:55,760 --> 00:42:57,960
Speaker 1: They loved it. They ate it up. You know that.

901
00:42:58,960 --> 00:43:01,440
Speaker 1: I'm just saying it can be a dryer subject. And

902
00:43:01,520 --> 00:43:03,160
Speaker 1: I remember when we got when I got when we

903
00:43:03,200 --> 00:43:04,880
Speaker 1: got finished that one up, I was thinking about. I

904
00:43:04,880 --> 00:43:08,200
Speaker 1: was like, man, why did we choose budgets were so important?

905
00:43:10,320 --> 00:43:13,319
Speaker 1: And I talked about how our goal was to pay

906
00:43:13,360 --> 00:43:16,360
Speaker 1: off debt and that was and we don't have a

907
00:43:16,360 --> 00:43:18,880
Speaker 1: lot of it, very little in fact, but it was like,

908
00:43:18,960 --> 00:43:20,920
Speaker 1: let's just go hard at it and we'll be done

909
00:43:20,920 --> 00:43:23,319
Speaker 1: with it in in the first six months. And then I

910
00:43:23,360 --> 00:43:25,359
Speaker 1: get this hair brained idea to buy a freaking air

911
00:43:25,360 --> 00:43:30,920
Speaker 1: stream and things change because the payoff the debt planning overnight.

912
00:43:31,200 --> 00:43:34,640
Speaker 1: But as you know, if you're buying real estate, really

913
00:43:34,640 --> 00:43:36,880
Speaker 1: the best way to do it, if you want to

914
00:43:37,000 --> 00:43:41,600
Speaker 1: maximize your returns, maximize your efforts, is to take on debt,

915
00:43:41,840 --> 00:43:44,000
Speaker 1: take on smart debt. And I feel like I've always

916
00:43:44,040 --> 00:43:47,719
Speaker 1: taken on smart debt had to put down every time,

917
00:43:48,400 --> 00:43:51,040
Speaker 1: and so this again would be like, Okay, do we

918
00:43:51,080 --> 00:43:55,080
Speaker 1: take on a smart amount of debt? We basically yeah,

919
00:43:55,360 --> 00:43:57,399
Speaker 1: instead of take taking it because I've got about ten

920
00:43:57,400 --> 00:43:59,400
Speaker 1: grain in cash, do I take ten grain more on

921
00:43:59,440 --> 00:44:02,400
Speaker 1: the home ecod a loan and put it towards it

922
00:44:02,440 --> 00:44:04,759
Speaker 1: and then say, sionar to paying it off in the

923
00:44:04,760 --> 00:44:08,560
Speaker 1: next six months or or do we really stick to

924
00:44:08,600 --> 00:44:10,839
Speaker 1: that plan? And you know me, I can't. I can't

925
00:44:10,880 --> 00:44:12,839
Speaker 1: pass up a deal. So I feel like it's gonna

926
00:44:12,840 --> 00:44:14,560
Speaker 1: come down on airstream and it comes down to the

927
00:44:14,640 --> 00:44:16,840
Speaker 1: numbers though, I mean, you know the terms year of

928
00:44:16,920 --> 00:44:19,160
Speaker 1: your home equally alone. I guess I don't know. I don't.

929
00:44:19,200 --> 00:44:21,879
Speaker 1: We hadn't gone into details about that. Yeah. No, it's

930
00:44:21,920 --> 00:44:25,720
Speaker 1: they're super chill, and so I feel like it's worth

931
00:44:25,760 --> 00:44:28,160
Speaker 1: it to take out a little bit more. You're a

932
00:44:28,160 --> 00:44:30,600
Speaker 1: little risk on this, a little uh you like the

933
00:44:30,600 --> 00:44:32,480
Speaker 1: little lift on the edge a little more. But dude,

934
00:44:32,480 --> 00:44:34,680
Speaker 1: I'm pretty risk averse man. Like I said, all my

935
00:44:34,760 --> 00:44:37,399
Speaker 1: all my real estate deals have been done with down

936
00:44:37,680 --> 00:44:40,799
Speaker 1: and never paid p M. I never you know, I

937
00:44:40,800 --> 00:44:42,760
Speaker 1: I don't like debt at all, and I wouldn't encourage

938
00:44:42,760 --> 00:44:46,880
Speaker 1: people to take on debt for many things. But I

939
00:44:46,920 --> 00:44:48,840
Speaker 1: think if you have a plan to pay it off quickly,

940
00:44:48,920 --> 00:44:50,480
Speaker 1: for for instance, it would turn from a six month

941
00:44:50,560 --> 00:44:52,760
Speaker 1: plan probably take a year and a half plan. We're

942
00:44:52,840 --> 00:44:56,279
Speaker 1: just basically throw all the proceeds from this Airbnb air

943
00:44:56,280 --> 00:44:59,560
Speaker 1: stream back at that debt paid off quickly, and then

944
00:44:59,600 --> 00:45:02,799
Speaker 1: boom after that we have this amazing source of cash

945
00:45:02,840 --> 00:45:05,520
Speaker 1: flow every month and we don't have any debt on it. Yeah.

946
00:45:05,719 --> 00:45:09,040
Speaker 1: What if another real estate deal comes along and in

947
00:45:09,040 --> 00:45:11,799
Speaker 1: twelve months twelve months from now, Yeah, but the pounce

948
00:45:11,840 --> 00:45:15,000
Speaker 1: on that one maybe, I don't know. That's the thing.

949
00:45:15,080 --> 00:45:18,359
Speaker 1: It's harder for days, it's hard to predict. But I

950
00:45:18,360 --> 00:45:21,000
Speaker 1: will say this, I don't think that the numbers on

951
00:45:21,040 --> 00:45:24,160
Speaker 1: any sort of real estate deal are better than the

952
00:45:24,239 --> 00:45:26,759
Speaker 1: numbers on an air stream in my backyard. Like they

953
00:45:26,800 --> 00:45:29,360
Speaker 1: just can't be right, Like the return on your money

954
00:45:29,480 --> 00:45:31,520
Speaker 1: is just so good. Yeah, the r O I for

955
00:45:31,600 --> 00:45:34,240
Speaker 1: sure as far as its as a as a revenue stream. However,

956
00:45:34,600 --> 00:45:37,799
Speaker 1: to me, that's one of the downsides of setting up

957
00:45:37,800 --> 00:45:42,080
Speaker 1: an AIRMBB instead of doing a separate and actual property

958
00:45:42,520 --> 00:45:45,279
Speaker 1: natural investment property is that you're not going to see

959
00:45:45,320 --> 00:45:49,080
Speaker 1: the growth, right, Like, I think what's important is to

960
00:45:49,120 --> 00:45:52,800
Speaker 1: see it as an income stream and not really an investment,

961
00:45:52,800 --> 00:45:54,120
Speaker 1: because it's not really it's not going to go up

962
00:45:54,120 --> 00:45:57,160
Speaker 1: in value. It's going to immediately provide income, which is awesome,

963
00:45:57,440 --> 00:45:59,040
Speaker 1: and it's a it's an income stream, for sure, but

964
00:45:59,360 --> 00:46:02,319
Speaker 1: as opposed to a property that uh that you know

965
00:46:02,320 --> 00:46:04,560
Speaker 1: you've purchased recently in a kind of up and coming

966
00:46:04,560 --> 00:46:06,960
Speaker 1: part of town. Man, you're gonna see that thing continue

967
00:46:07,000 --> 00:46:08,839
Speaker 1: to climb over the years as far as a start

968
00:46:08,840 --> 00:46:12,000
Speaker 1: as the value. You're gonna see your rents go up. Obviously,

969
00:46:12,160 --> 00:46:13,719
Speaker 1: you know your taxes are going to go up a

970
00:46:13,760 --> 00:46:15,839
Speaker 1: little bit too. But but there's more than one way

971
00:46:16,040 --> 00:46:18,160
Speaker 1: to make money when you've got to invest in investment property, right,

972
00:46:18,160 --> 00:46:19,879
Speaker 1: You've got you've got the income stream, but then you've

973
00:46:19,920 --> 00:46:22,120
Speaker 1: got the increasing value of the home. And so it's

974
00:46:22,160 --> 00:46:25,000
Speaker 1: me at least that's one of the downsides to consider

975
00:46:25,360 --> 00:46:28,319
Speaker 1: with an air stream or with the basement apartment. You're

976
00:46:28,320 --> 00:46:31,279
Speaker 1: putting your money in a non appreciating asset, absolutely, and

977
00:46:31,280 --> 00:46:33,279
Speaker 1: I totally understand that. But I will also say this

978
00:46:33,440 --> 00:46:37,000
Speaker 1: that we're we're located right here in the heart of Atlanta,

979
00:46:37,160 --> 00:46:39,880
Speaker 1: we have an idea and and some thoughts behind what

980
00:46:39,960 --> 00:46:43,879
Speaker 1: neighborhoods are are going and have a positive trajectory, are

981
00:46:43,920 --> 00:46:46,680
Speaker 1: going in a in a positive direction. But for the

982
00:46:46,719 --> 00:46:50,480
Speaker 1: most part for people buying rental properties, and neither you

983
00:46:50,600 --> 00:46:54,120
Speaker 1: or I is buying speculatively for sure, but we have

984
00:46:54,239 --> 00:46:56,480
Speaker 1: ideas of neighborhoods that we think you're gonna do better

985
00:46:56,520 --> 00:46:59,040
Speaker 1: over the long term and outpaced the market at growth wise,

986
00:46:59,280 --> 00:47:01,520
Speaker 1: And so that is something that goes into our minds

987
00:47:01,560 --> 00:47:05,000
Speaker 1: when buying an investment property, but that is not what

988
00:47:05,040 --> 00:47:09,960
Speaker 1: should cross most people's minds in most areas over most

989
00:47:10,520 --> 00:47:14,440
Speaker 1: periods of time. You really want to look purely at

990
00:47:14,440 --> 00:47:18,040
Speaker 1: the cash flow. That should be ninety of your reason

991
00:47:18,080 --> 00:47:21,480
Speaker 1: for buying something. And if you think that, I think

992
00:47:21,480 --> 00:47:25,000
Speaker 1: it's an added bonus. Usually if the neighborhood appreciates faster

993
00:47:25,080 --> 00:47:28,160
Speaker 1: than others, or or if it's you know, more up

994
00:47:28,200 --> 00:47:32,080
Speaker 1: and coming and you make a good purchase by doing that,

995
00:47:32,080 --> 00:47:35,040
Speaker 1: that's great, that's like that's icing on the cake. But

996
00:47:35,160 --> 00:47:38,040
Speaker 1: that's not necessarily what you want to make your decision

997
00:47:38,040 --> 00:47:39,600
Speaker 1: on either. And so I think that's why I think

998
00:47:39,640 --> 00:47:42,040
Speaker 1: that there may be if you're looking at it purely

999
00:47:42,040 --> 00:47:44,359
Speaker 1: from those numbers, sins, which is for the most part,

1000
00:47:44,400 --> 00:47:46,160
Speaker 1: what you should be looking at when you're looking at

1001
00:47:46,200 --> 00:47:50,400
Speaker 1: real estate. Although I care about the neighborhood, I not

1002
00:47:50,440 --> 00:47:53,040
Speaker 1: buying in a lot more than than just the numbers.

1003
00:47:53,400 --> 00:47:56,560
Speaker 1: And you do too. But when you crunch the numbers

1004
00:47:56,640 --> 00:48:00,200
Speaker 1: on on the Airbnb, the numbers are better than any

1005
00:48:00,200 --> 00:48:03,120
Speaker 1: real estate deal that that I've been able to crunch.

1006
00:48:03,160 --> 00:48:06,800
Speaker 1: The number three. Yeah, the the Yeah, the actual revenue

1007
00:48:06,840 --> 00:48:09,279
Speaker 1: stream in the r O. I yeah, you're gonna You're

1008
00:48:09,280 --> 00:48:12,200
Speaker 1: gonna win over a traditional investment property. It's just a

1009
00:48:12,200 --> 00:48:14,759
Speaker 1: balance though, you know, like you want to consider. I mean,

1010
00:48:14,880 --> 00:48:16,880
Speaker 1: I definitely when I crunch my numbers, I definitely take

1011
00:48:16,920 --> 00:48:22,399
Speaker 1: into account of the potential potential growth in equity. So yeah, alright, Matt.

1012
00:48:22,480 --> 00:48:25,080
Speaker 1: So where are you guys at on this possible rental

1013
00:48:25,160 --> 00:48:27,840
Speaker 1: airbb rental? Are you you gonna start digging tomorrow? No,

1014
00:48:30,040 --> 00:48:33,399
Speaker 1: I'll come videotape it. We're still considering it. We're still

1015
00:48:33,400 --> 00:48:35,120
Speaker 1: talking about it. Well, you know, we spent some when

1016
00:48:35,120 --> 00:48:36,480
Speaker 1: we spend time on the road driving, these are the

1017
00:48:36,480 --> 00:48:38,879
Speaker 1: things we talk about. Now. We're I mean, I don't

1018
00:48:38,880 --> 00:48:41,319
Speaker 1: think we're anywhere near like you said, if you're if

1019
00:48:41,360 --> 00:48:46,440
Speaker 1: you guys are, we're at this point, we'll see yeah, man,

1020
00:48:46,560 --> 00:48:48,799
Speaker 1: well we'll keep we'll keep everyone up to speed on

1021
00:48:48,840 --> 00:48:50,880
Speaker 1: what's going on. Yeah, it's it's fun to kind of

1022
00:48:50,880 --> 00:48:53,640
Speaker 1: build something. Yeah, and so this is kind of getting

1023
00:48:53,680 --> 00:48:58,120
Speaker 1: an air stream or or actually literally building out an apartment.

1024
00:48:58,120 --> 00:49:00,200
Speaker 1: It's it's building something. So it's fun. It's exactly. Uh,

1025
00:49:00,400 --> 00:49:03,359
Speaker 1: we're gonna keep you guys posting and let y'all know. Yeah,

1026
00:49:03,360 --> 00:49:05,239
Speaker 1: it's really fun to think about. Even if I don't

1027
00:49:05,360 --> 00:49:07,120
Speaker 1: end up doing some of these things that I that

1028
00:49:07,239 --> 00:49:10,040
Speaker 1: I think about and sound like fun, I just enjoy

1029
00:49:10,120 --> 00:49:13,920
Speaker 1: thinking about them anyway and thinking about the possibilities, just

1030
00:49:13,960 --> 00:49:16,560
Speaker 1: like you know, the possibility putting Hondy Boobo's mom on

1031
00:49:16,600 --> 00:49:19,480
Speaker 1: the side of my car. It's exciting. Oh man, it

1032
00:49:19,480 --> 00:49:22,759
Speaker 1: makes me happy. Does not make me happy thinking for

1033
00:49:22,760 --> 00:49:24,359
Speaker 1: forty books a week. Man, to look at that mug

1034
00:49:24,360 --> 00:49:25,680
Speaker 1: every time I get in my car. All right, what

1035
00:49:25,719 --> 00:49:28,040
Speaker 1: do you think about this? Uh? This beer? Alright, Rodent

1036
00:49:28,080 --> 00:49:32,520
Speaker 1: Bock Alexander. It's it's really really good. Yeah, it's it's

1037
00:49:32,560 --> 00:49:34,960
Speaker 1: gorgeous in the glass. I've had a few different roading

1038
00:49:35,040 --> 00:49:38,880
Speaker 1: box in my day, and this is my favorite one

1039
00:49:38,880 --> 00:49:41,600
Speaker 1: of there's there's are They always have a similar kind

1040
00:49:41,640 --> 00:49:45,560
Speaker 1: of taste, and they're always usually really okay and have

1041
00:49:45,680 --> 00:49:48,200
Speaker 1: kind of a nice little fruitiness today really okay, the fruit,

1042
00:49:48,280 --> 00:49:50,160
Speaker 1: And for me, it's the acidity I feel like, not

1043
00:49:50,280 --> 00:49:52,640
Speaker 1: all well in general, I think that's what I'm drawn

1044
00:49:52,680 --> 00:49:56,080
Speaker 1: to about the Flanders red dialog. It's the the roden

1045
00:49:56,080 --> 00:49:58,040
Speaker 1: Bock beers always have a nice littleweetness to them too,

1046
00:49:58,040 --> 00:49:59,399
Speaker 1: and this one has that same thing. And I think

1047
00:49:59,400 --> 00:50:01,200
Speaker 1: it's the cherry is too that really come out and

1048
00:50:01,239 --> 00:50:02,719
Speaker 1: give it a little bit of that nice maybe a

1049
00:50:02,760 --> 00:50:04,680
Speaker 1: little more than some of it like their Grand Crew

1050
00:50:04,840 --> 00:50:07,400
Speaker 1: or even the Yea, but like the natural sweetness, like

1051
00:50:07,440 --> 00:50:10,440
Speaker 1: that natural cherry sweetness. You know, they make their regular

1052
00:50:10,640 --> 00:50:13,000
Speaker 1: like the original running back now and like four like

1053
00:50:13,120 --> 00:50:15,279
Speaker 1: packs of four packs or six packs. Oh yeah, yeah,

1054
00:50:15,280 --> 00:50:16,640
Speaker 1: I've seen that because you used to be where you

1055
00:50:16,640 --> 00:50:18,640
Speaker 1: cann't you'd only you can only get that in a

1056
00:50:19,400 --> 00:50:23,200
Speaker 1: you know, like a huge bottle later bottle. Like it's

1057
00:50:23,239 --> 00:50:24,520
Speaker 1: kind of nice to be able to crack open it

1058
00:50:24,600 --> 00:50:25,800
Speaker 1: just a can of that if you just want to

1059
00:50:25,800 --> 00:50:27,720
Speaker 1: try it for yourself. So I know, I'm all about

1060
00:50:27,800 --> 00:50:32,239
Speaker 1: the smaller versions of packaging, so yes, make it last

1061
00:50:32,280 --> 00:50:34,320
Speaker 1: longer instead of I mean, we're drinking the big bottle

1062
00:50:34,360 --> 00:50:36,520
Speaker 1: here because we're together. But Kate doesn't always want to

1063
00:50:36,600 --> 00:50:38,840
Speaker 1: drink one of these nice beers with me, and I

1064
00:50:38,880 --> 00:50:41,080
Speaker 1: can't afford to crack one of these open every every

1065
00:50:41,080 --> 00:50:43,680
Speaker 1: other night, right right. Yeah, that's why I like the

1066
00:50:43,719 --> 00:50:46,359
Speaker 1: four packs and six packs usually, but it's nice every

1067
00:50:46,360 --> 00:50:47,799
Speaker 1: once in a while to be able to crack one

1068
00:50:47,840 --> 00:50:51,760
Speaker 1: of these nicer, bigger, bigger bottles. Um, it's like wrapped.

1069
00:50:51,800 --> 00:50:54,719
Speaker 1: Speaking of wrap, this bottle is wrapped. Yeah it is. Oh,

1070
00:50:54,760 --> 00:50:57,480
Speaker 1: I totally put that wrap on my car. Yeah, ruding

1071
00:50:57,480 --> 00:51:00,600
Speaker 1: back Alexander, I'd wrap that looks like why is that

1072
00:51:00,600 --> 00:51:03,160
Speaker 1: Alexander looks like Alexander Hamilton or something like that. But

1073
00:51:03,280 --> 00:51:06,319
Speaker 1: it's from Belgium, My doubt it. Oh yeah, that'd be

1074
00:51:06,440 --> 00:51:12,720
Speaker 1: kind of inside Belgium. Yeah. But if you're into fruited

1075
00:51:12,920 --> 00:51:15,520
Speaker 1: sour beers, which literally, if I had to say what

1076
00:51:15,600 --> 00:51:17,920
Speaker 1: my favorite beer style was, that would probably beget sours.

1077
00:51:18,200 --> 00:51:19,759
Speaker 1: I'd say, I'd say this is definitely one that you

1078
00:51:19,760 --> 00:51:22,920
Speaker 1: should consider. Absolutely. Yeah, it's really nice and it's kind

1079
00:51:22,920 --> 00:51:25,600
Speaker 1: of a lighter sometimes. I like the ones that didn't

1080
00:51:25,600 --> 00:51:27,359
Speaker 1: make your mouth pucker just a little bit more than this.

1081
00:51:27,440 --> 00:51:29,239
Speaker 1: But um, but if you're if you're looking for kind

1082
00:51:29,239 --> 00:51:32,359
Speaker 1: of an entry level one into this genre too, it's

1083
00:51:32,480 --> 00:51:36,360
Speaker 1: perfect for that. This is the perfect entry level fruited

1084
00:51:36,360 --> 00:51:39,000
Speaker 1: sour beer, so Rod and Bock, Alexander, it's really nice.

1085
00:51:39,040 --> 00:51:41,360
Speaker 1: We'll have a picture for you up on the website

1086
00:51:41,400 --> 00:51:43,560
Speaker 1: and uh and a little review on our show notes,

1087
00:51:44,040 --> 00:51:46,480
Speaker 1: and you should give it a shot. Yeah, absolutely, So

1088
00:51:46,719 --> 00:51:51,799
Speaker 1: let's recap alright, buying an airbnb, there's positives you can

1089
00:51:51,840 --> 00:51:53,680
Speaker 1: make money from it. And if you have a spare

1090
00:51:53,719 --> 00:51:57,120
Speaker 1: room in your house, it's actually pretty simple to clean

1091
00:51:57,160 --> 00:51:59,560
Speaker 1: it up, paint it up and get it listed and

1092
00:51:59,600 --> 00:52:01,719
Speaker 1: maybe make a little bit of money. Yeah. Great, easy

1093
00:52:01,760 --> 00:52:03,800
Speaker 1: way just to try, like kind of test out the waters.

1094
00:52:03,800 --> 00:52:05,800
Speaker 1: If you if you've got a room, if you're thinking about,

1095
00:52:06,280 --> 00:52:08,480
Speaker 1: you know, adding onto your house or finishing out a basement,

1096
00:52:08,600 --> 00:52:12,200
Speaker 1: or or purchasing an airstream, be careful, you know what

1097
00:52:12,239 --> 00:52:13,600
Speaker 1: you're doing. You don't want to go over the top

1098
00:52:13,640 --> 00:52:15,319
Speaker 1: on something that you're not even sure if you're cut

1099
00:52:15,320 --> 00:52:19,239
Speaker 1: out for, just from a work standpoint, from a privacy standpoint,

1100
00:52:19,640 --> 00:52:21,800
Speaker 1: and obviously make sure you've you've got the money or

1101
00:52:22,120 --> 00:52:25,759
Speaker 1: or or some smart financing lined up to consider as well. Yeah,

1102
00:52:25,840 --> 00:52:28,200
Speaker 1: crunch the numbers, know your own limitations, make sure that

1103
00:52:28,239 --> 00:52:31,480
Speaker 1: you're ready to take on the challenge and know that

1104
00:52:31,520 --> 00:52:33,760
Speaker 1: you're going to be making money quickly on it because

1105
00:52:33,880 --> 00:52:36,160
Speaker 1: you don't wanna. You don't want to post it and

1106
00:52:36,239 --> 00:52:38,239
Speaker 1: not be making any money and be a waste of

1107
00:52:38,239 --> 00:52:41,680
Speaker 1: your time. Absolutely, So, there's positives and negatives, and Matt

1108
00:52:41,719 --> 00:52:43,960
Speaker 1: and I will continue to report back on where we're

1109
00:52:44,000 --> 00:52:48,560
Speaker 1: at in our Airbnb potentials. Yeah, we'll let you guys know,

1110
00:52:48,760 --> 00:52:51,359
Speaker 1: but for now, thanks for listening. Yeah, check out our

1111
00:52:51,360 --> 00:52:53,960
Speaker 1: website how to money dot com. We'll have shown ups

1112
00:52:54,040 --> 00:52:56,439
Speaker 1: up for this episode. And if you like what you hear,

1113
00:52:56,560 --> 00:52:59,640
Speaker 1: let us know, review and subscribe on iTunes or wherever

1114
00:52:59,840 --> 00:53:02,640
Speaker 1: you get your podcasts. Until next time, Buddy, best friends

1115
00:53:02,680 --> 00:53:03,680
Speaker 1: as friends out