WEBVTT - Should We Host an Airbnb? #003 0:00:00.080 --> 0:00:02.920 Welcome to How to Money. I'm Joel and I'm Matt, 0:00:03.040 --> 0:00:06.360 and today we're talking about creating your own airbnb for 0:00:06.480 --> 0:00:21.840 side income. All right, Matt, So today I'm gonna be 0:00:21.840 --> 0:00:24.079 talking about something that's really interesting and something that you 0:00:24.079 --> 0:00:25.680 and I are both kind of on the ground floor 0:00:25.800 --> 0:00:29.680 of talking about potential side income by doing an airbnb 0:00:29.800 --> 0:00:33.680 at our house. Absolutely, a little self experimentation is what 0:00:33.720 --> 0:00:36.320 we're what we're considering here. I love doing weird new things, 0:00:36.400 --> 0:00:39.199 especially if they make you money. Yeah, that sounds like you. 0:00:39.520 --> 0:00:41.479 And this is a weird thing that could possibly make 0:00:41.520 --> 0:00:43.159 us some money. I mean, there's obviously a lot of 0:00:43.159 --> 0:00:44.920 people that have been doing it for quite some time 0:00:45.360 --> 0:00:49.160 making money, and I'm interested to see if it works 0:00:49.200 --> 0:00:52.120 for for us. And you and I both have different 0:00:52.520 --> 0:00:55.680 potential avenues at at doing this in our lives, and 0:00:55.760 --> 0:00:58.320 we'll explain those in just a little bit. I'm pretty 0:00:58.320 --> 0:01:00.560 pumped to talk about it and see what it looks 0:01:00.600 --> 0:01:02.960 like when it comes to fruition to By the way, 0:01:03.080 --> 0:01:06.360 so this is a podcast about saving money, but we 0:01:06.560 --> 0:01:09.520 want you to enjoy the finer things in life. You 0:01:09.560 --> 0:01:11.720 can't enjoy all the finer things. You can drive a 0:01:11.720 --> 0:01:14.200 beater car and drink awesome beer. And that's kind of 0:01:14.400 --> 0:01:17.319 our lifestyle mentality, and so that's why you might find 0:01:17.400 --> 0:01:20.480 us drinking kind of expensive beers most weeks. That's something 0:01:20.520 --> 0:01:23.720 that we're really really into. But we've chosen wisely. And 0:01:24.080 --> 0:01:26.080 this beer, I'm really excited to taste it today. Have 0:01:26.120 --> 0:01:28.039 you ever had this? No, I've never had it. This 0:01:27.840 --> 0:01:29.640 is this is a hard one to get to really, 0:01:29.680 --> 0:01:33.160 I think I thought so. Yeah, Rodenbach Alexander, So pop 0:01:33.200 --> 0:01:35.240 the cork. This is uh, this is a fancy one. 0:01:35.360 --> 0:01:41.280 Comes Cajun cork. And Rodenbach is a Belgian brewery. Cathie's 0:01:41.360 --> 0:01:43.959 hearing that I just gave you that a little sniff. 0:01:44.000 --> 0:01:49.440 There we go. So roden Bock Alexander is a Belgian 0:01:49.640 --> 0:01:54.960 beer that is aged in footers with cherries. So, um, 0:01:55.360 --> 0:01:58.559 I'm expecting a lot of the difference between a food 0:01:58.640 --> 0:02:02.840 or and just a barrel. So it's just like a 0:02:02.920 --> 0:02:06.120 big barrel, right, Yeah. The footers are like enormous, uh, 0:02:06.120 --> 0:02:09.360 and I think, I mean, yeah, I've seen them. I've 0:02:09.400 --> 0:02:12.400 seen them before. I just I mean, I don't know, 0:02:12.440 --> 0:02:14.000 you don't know why that, yeah, I guess just because 0:02:14.080 --> 0:02:16.799 the just the size difference in the think big barrel 0:02:16.840 --> 0:02:20.000 turned up on its side. Yeah, not not so, I don't. 0:02:20.000 --> 0:02:22.960 I guess sitting on its end, um sitting in a brewery, right, 0:02:22.960 --> 0:02:25.760 And I think probably in the US, probably New Belgium 0:02:26.040 --> 0:02:29.320 on Colorado has some of the biggest, biggest foods out 0:02:29.360 --> 0:02:31.640 there has like the most They've got a punch and 0:02:31.680 --> 0:02:35.280 they age a bunch of tasty, tasty sour beers in 0:02:35.280 --> 0:02:38.000 their foods. And so this road in Mick Alexander's got 0:02:38.040 --> 0:02:41.080 cherries in it and it's aged for up to two years. 0:02:42.200 --> 0:02:44.000 And so I mean, I don't, I don't know about you, Matt. 0:02:44.040 --> 0:02:47.120 I'm a huge fan of the Belgian sour beers with 0:02:47.160 --> 0:02:50.280 fruit and so oh yeah, man, I really fort that acidity, 0:02:50.400 --> 0:02:54.680 which is like they're darker. I mean, so essentially there 0:02:54.720 --> 0:02:57.440 it's like the Flanders red style, right, So there's they're 0:02:57.440 --> 0:03:01.040 a little more heart like a higher that a city 0:03:01.120 --> 0:03:05.360 d level. Because some of these American darker wilds, I'm 0:03:05.440 --> 0:03:07.000 just not as big of a fan. They kind of 0:03:07.040 --> 0:03:10.480 come across like sort of round and soften like a 0:03:10.480 --> 0:03:13.440 little sticky, which I prefer. I prefer my stoubts to 0:03:13.440 --> 0:03:16.560 be that way. So as always, we'll take an initial 0:03:16.600 --> 0:03:18.840 sip here. We'll be drinking it throughout the episode. At 0:03:18.880 --> 0:03:21.480 the end we will give you our tasting notes on 0:03:21.720 --> 0:03:27.520 Rodenbach Alexander. So before we get into airbnb talk, Matt cheers, cheers. 0:03:28.360 --> 0:03:32.640 I mean I can smell those cherries. It's got a 0:03:32.760 --> 0:03:36.360 huge oakey presence in the cherries are fantastic, nice dark 0:03:36.400 --> 0:03:40.680 brown color. Yeah, it's not super tart m hm, but 0:03:40.680 --> 0:03:42.880 it's got just a little bit of that. Yeah. I 0:03:42.960 --> 0:03:46.400 like it. Not super tarp, but it's not overly sweet. Yea. 0:03:46.480 --> 0:03:49.040 We we'll talk more about about what we think this 0:03:49.120 --> 0:03:52.800 beer later. You can taste it some more and change 0:03:52.800 --> 0:03:56.280 my mind before we launch an airbnb. Yeah, man, what's 0:03:56.320 --> 0:03:59.320 going on? I you know, I have weird ideas almost 0:03:59.320 --> 0:04:01.760 every day, and so my weird idea of the day, 0:04:02.240 --> 0:04:06.480 do you know, uh, wrapping cars with advertisements used to 0:04:06.520 --> 0:04:09.960 be big years ago. Yeah, right, like back in two 0:04:09.960 --> 0:04:12.160 thousand three. Yeah, and then all these companies that would 0:04:12.440 --> 0:04:15.000 they would there were startups and they were like I'm 0:04:15.040 --> 0:04:18.240 pretty sure I remember a student at E. G. A 0:04:18.360 --> 0:04:21.440 had a a red bull like a little Red Bulls 0:04:21.480 --> 0:04:24.880 shorty or something like that with like the tilted you know, 0:04:24.920 --> 0:04:27.479 the giant can in the back or whatever tilted up. Yeah, 0:04:27.520 --> 0:04:30.960 you know what I'm talking about. Yeah, yeah, oh yeah, totally. Um. Wait, 0:04:31.000 --> 0:04:32.680 so you're thinking about doing this something about doing this. 0:04:32.720 --> 0:04:35.720 So there's a there's a startup called Rapifi w R 0:04:35.800 --> 0:04:39.440 A P. Your wife's gonna kill you. I mentioned it 0:04:39.480 --> 0:04:41.880 to her to night. She laughed a little bit because 0:04:41.880 --> 0:04:44.320 she knows about that. You're serious about my ideas, and 0:04:44.360 --> 0:04:47.479 then I'm serious. And but you can make forty bucks 0:04:47.480 --> 0:04:51.120 a week wrap in your car forty a week. I 0:04:51.120 --> 0:04:53.320 don't know if that's enough, man, because I'm driving through 0:04:54.120 --> 0:04:58.080 the center of sixty bucks, a giant metropolitan city. I 0:04:58.080 --> 0:04:59.479 mean with a rap up. I mean, I don't care. 0:04:59.520 --> 0:05:01.359 I used to dry have a beater like and you 0:05:01.400 --> 0:05:03.840 know my car is still not beautiful or anything like that. 0:05:03.880 --> 0:05:06.160 But what what would the would you put it on 0:05:06.200 --> 0:05:08.960 the leaf or you're yea on my niece on leaf? Okay, 0:05:09.200 --> 0:05:12.800 So yeah, I don't know, man, that's my hair hair 0:05:12.839 --> 0:05:15.640 brained idea of the day, if that's if that's your 0:05:15.800 --> 0:05:18.640 I don't So We've got one vehicle, right, being in 0:05:18.720 --> 0:05:22.080 one car family, and I just don't see. I don't 0:05:22.120 --> 0:05:24.800 see any way I could get kid on board. I mean, 0:05:24.800 --> 0:05:25.960 I don't know. I'll be honest with you, I don't 0:05:25.960 --> 0:05:27.800 know if i'd be on board with that. I've got 0:05:27.839 --> 0:05:31.800 a certain level of vanity that I like to maintain. Maybe, 0:05:33.040 --> 0:05:35.640 but I mean I would if they're paying a lot more. 0:05:36.160 --> 0:05:38.320 I mean, you said forty bucks a week. Did if 0:05:38.320 --> 0:05:41.839 they're paying four hundred of a week? Well, yeah, anybody's 0:05:41.839 --> 0:05:43.320 got a price, right, I mean, if it was twenty 0:05:43.320 --> 0:05:45.760 bucks a week, I wouldn't do it. But forty bucks 0:05:45.760 --> 0:05:47.360 a week, I'm like a hundred sixty bucks a month, 0:05:47.400 --> 0:05:49.680 breaking in the hundreds at the end of the month. Yeah, 0:05:49.720 --> 0:05:52.800 I get worth it. Well that makes sense? Can you? 0:05:52.880 --> 0:05:54.719 Can you bail it? Wait? So how much have you 0:05:54.720 --> 0:05:58.080 looked into this? So I have downloaded the app and 0:05:58.120 --> 0:06:00.560 it's tracked my driving to know kind of where I 0:06:00.640 --> 0:06:04.040 drive and how many miles a day and stuff, and 0:06:04.040 --> 0:06:06.000 then it kind of tells you whether you qualify or 0:06:06.040 --> 0:06:08.360 not to be a driver for them, because they want 0:06:08.360 --> 0:06:10.039 to see they want to make sure you're driving in 0:06:10.040 --> 0:06:11.960 front of people and that your car isn't just parked 0:06:12.000 --> 0:06:14.960 in a garage. And so you know, my driving, I 0:06:14.960 --> 0:06:19.440 guess qualifies because I'm driving through downtown city and midtown 0:06:19.920 --> 0:06:22.600 actor downtown Midtown connector like obviously it's gonna get a 0:06:22.640 --> 0:06:24.320 lot of probably like an ideal, you can have a 0:06:24.320 --> 0:06:26.160 lot of people, a lot of people saying to me, 0:06:26.320 --> 0:06:28.400 do you want to know what the actual first advertisement 0:06:28.440 --> 0:06:30.159 is on it? That I think is what I would 0:06:30.279 --> 0:06:32.320 end up. You are already know what it would looks. Yeah, 0:06:32.279 --> 0:06:33.960 it looks like I can tell from the from that, 0:06:34.040 --> 0:06:37.359 but it looks like it's it's promoting a new show 0:06:37.920 --> 0:06:45.440 with Honey Boo Boo's mom. Dude, No, seriously, not joking. Yeah, 0:06:45.480 --> 0:06:47.760 I definitely wouldn't do that. I think it makes it 0:06:47.800 --> 0:06:50.680 more awesome. I think it makes it funnier than my 0:06:50.880 --> 0:06:52.919 leaf is going to be driving around town, just like 0:06:52.920 --> 0:06:56.000 put putting around town with Honey booboos mom's face on it. 0:06:56.040 --> 0:06:57.520 As soon as you said that, though, all I'm thinking 0:06:57.520 --> 0:07:00.720 of that gift where Honey, like Honey Booboo is a 0:07:00.760 --> 0:07:03.480 little girl, right, yeah, it means still going around that gift. 0:07:03.680 --> 0:07:05.760 If anybody doesn't know who Honey, I mean, I don't 0:07:05.760 --> 0:07:07.760 really watch TV but that much, but I know who 0:07:08.320 --> 0:07:12.000 Culture Phenomena google it, yeah five years ago or something. 0:07:13.680 --> 0:07:15.800 Come on, how much funny would that be? I just 0:07:15.920 --> 0:07:19.120 love to do little experience too, to see what kind 0:07:19.120 --> 0:07:21.120 of weird ways can you make money out there? I 0:07:21.160 --> 0:07:24.440 thought you, I thought you commute to work on your bike. Yes, 0:07:24.520 --> 0:07:26.720 So the first episode was on biking, and I did 0:07:26.720 --> 0:07:30.920 said it. But it's been brutally cold lately here, brutally cold. 0:07:31.400 --> 0:07:34.200 And I did get in a bike accident too, and 0:07:34.200 --> 0:07:35.760 so I had my bike had been out of commission. 0:07:35.800 --> 0:07:38.080 So I've been back in my car um and so 0:07:38.200 --> 0:07:40.200 that is the reason that I have been back in 0:07:40.240 --> 0:07:42.360 the car. And so I'm gonna try this out for 0:07:42.400 --> 0:07:44.480 a month. This is like a one month long campaign. 0:07:45.000 --> 0:07:47.440 All right, Well, report back. I'll report back. That could 0:07:47.440 --> 0:07:49.480 be a whole another podcast. See how it goes. And 0:07:49.520 --> 0:07:51.760 you know what, maybe if it goes well, maybe they'll 0:07:51.800 --> 0:07:55.680 consider wrapping my bike. They're not going to wrap your bike, 0:07:57.000 --> 0:07:58.600 I mean. Or maybe I could just wear a sandwich 0:07:58.600 --> 0:08:00.880 board while I'm on my bike on the way to work. 0:08:02.040 --> 0:08:04.880 I don't know. I just have donated kidney. You'd sell 0:08:04.920 --> 0:08:07.640 a kidney, maybe, dude. I hadn't even looked into that. Okay, 0:08:07.640 --> 0:08:10.720 I'm gonna start looking craigslist. Anybody need a kidney? How 0:08:10.760 --> 0:08:13.040 much will you pay? All right? So obviously I like 0:08:13.080 --> 0:08:16.960 weird ways to make money that leads us to Airbnb. Airbnb, 0:08:17.400 --> 0:08:20.560 and you talked about this, uh a few months back. 0:08:20.600 --> 0:08:23.120 I think you mentioned to me a possibility of putting 0:08:23.120 --> 0:08:25.360 it an Airbnb in your house. Yeah. We I mean, 0:08:25.520 --> 0:08:28.040 you know, we talked about it again. We're just always 0:08:28.080 --> 0:08:30.320 kind of thinking of just thinking of different different ways 0:08:30.360 --> 0:08:32.760 to have a little side hustle going on for us, 0:08:32.920 --> 0:08:35.600 you know, I mean, our income is is variable, so 0:08:36.120 --> 0:08:39.560 having an unpredictable income keeps us on our toes. And 0:08:40.000 --> 0:08:43.520 that's just something we we had considered. But Airbnb, we 0:08:43.520 --> 0:08:45.120 don't even need to explain it, right. Everybody knows what 0:08:45.160 --> 0:08:47.800 Airbnb is, sure, and if anybody that doesn't, It's a 0:08:47.840 --> 0:08:51.160 website where you can rent out literally a spare room 0:08:51.200 --> 0:08:53.880 in your house. You can rent out an apartment, an apartment, 0:08:53.920 --> 0:08:57.120 a tiny home, a whole house, whatever you want to do. 0:08:57.200 --> 0:08:59.240 Mention And I mean we've looked at I've looked on 0:08:59.280 --> 0:09:00.880 there before and seeing some of the stuff that people 0:09:00.920 --> 0:09:05.280 have listed. The's like how it's like Janet Jackson's like 0:09:05.360 --> 0:09:08.040 mansion like down to south of Atlanta. I mean there's 0:09:08.080 --> 0:09:12.120 some huge houses on there. I've stayed in some really fun, 0:09:12.160 --> 0:09:14.880 interesting places on Airbnb, and I've stayed in some really 0:09:15.600 --> 0:09:18.120 super cheap bedrooms on Airbnb, so I feel like I 0:09:18.240 --> 0:09:20.679 run the gamut. I mean, not like mansion houses or 0:09:20.679 --> 0:09:24.200 anything like that, because I'm not a baller, but airbb 0:09:24.520 --> 0:09:27.120 to me, it's changed the way I travel in a 0:09:27.160 --> 0:09:29.880 really positive way. I've had a lot of passive experience 0:09:29.920 --> 0:09:32.600 with Airbnb, and dude, it's awesome. I mean being able 0:09:32.640 --> 0:09:35.440 to go to get on there and you can basically 0:09:35.480 --> 0:09:37.120 for the same amount of money that you would spend 0:09:37.880 --> 0:09:40.160 on a hotel on a crappy, you know hotel, you 0:09:40.160 --> 0:09:42.600 can stay in a pretty sweet place and a better 0:09:42.640 --> 0:09:45.520 location for either less money or the same you know, 0:09:45.600 --> 0:09:46.959 or the same amount that you had spent on a 0:09:47.040 --> 0:09:50.160 on a crappy hotel. Anyway, it's awesome to me. The 0:09:50.200 --> 0:09:54.080 great thing is when you visit a city, the hotels 0:09:54.080 --> 0:09:57.120 are usually in a couple of spots. And let's say 0:09:57.240 --> 0:10:00.600 you when Emily and I went to Norway in to Oslo, 0:10:01.120 --> 0:10:03.880 and the hotels are pretty much all downtown, right and 0:10:04.120 --> 0:10:06.320 you know, I'm sure they're in some other spots, but 0:10:06.480 --> 0:10:09.560 the particular place that we wanted to stay, there's no hotels. 0:10:10.120 --> 0:10:12.360 You have to get an Airbnb and it led to 0:10:12.400 --> 0:10:14.000 the best experience ever. It was and those are the 0:10:14.000 --> 0:10:15.839 places you want to visit anyway, are the places where 0:10:15.840 --> 0:10:18.960 there aren't hotels because there's no hotels there, right. So 0:10:18.960 --> 0:10:20.920 it's like a ten minute bus ride from downtown and 0:10:20.920 --> 0:10:23.600 it's right on the Fiord. Literally, it's this tiny home 0:10:24.400 --> 0:10:27.199 right on the Fiord with there's like a dock right 0:10:27.200 --> 0:10:28.920 in front of it. Is that where they filmed Frozen? 0:10:28.960 --> 0:10:31.160 Is that why you wanted to Uh? Yeah, you know, 0:10:31.200 --> 0:10:33.680 I wanted to want to me was there a castle there? 0:10:34.360 --> 0:10:36.400 And we only know Frozen because we Matt and I 0:10:36.440 --> 0:10:39.560 each have daughters. So we went Frozen Rozen non stop 0:10:39.640 --> 0:10:42.079 lately with it being so cold. I mean literally, the 0:10:42.160 --> 0:10:45.720 girls are like, it's cold outside, let's watch Frozen, and 0:10:45.760 --> 0:10:48.880 you're like, no, put on my headphones. Yeah, actually, don't mind. 0:10:48.920 --> 0:10:50.640 It's it's a good movie. It is good. It is 0:10:50.679 --> 0:10:53.440 good for what it is. I prefer to pressing movies. 0:10:53.480 --> 0:10:55.920 But it's fine with the kids. Fine. So so that 0:10:56.000 --> 0:10:58.840 was my favorite Airbnb experience ever. I jumped in the 0:10:58.840 --> 0:11:00.600 Fiord and it was some of it was like this 0:11:00.640 --> 0:11:03.240 ice cold water is like jumping in glacier water. It 0:11:03.360 --> 0:11:05.640 was amazing, But that was an experience I could not 0:11:05.720 --> 0:11:08.840 have gotten for air and existed. Really, Oh is that yeah? 0:11:08.920 --> 0:11:10.520 I mean it's a house on the water, right, it 0:11:10.600 --> 0:11:12.640 was almost on the water. It was almost on the water. 0:11:12.640 --> 0:11:14.199 It's like a tiny home, kind of in the back 0:11:14.240 --> 0:11:17.520 of somebody else's home, right right. I remember seen a 0:11:17.559 --> 0:11:19.360 picture and it looked like you're as a picture out 0:11:19.360 --> 0:11:21.760 the window and you're looking at yeah, exactly, Yeah, you 0:11:21.840 --> 0:11:24.920 look on the mountains in the fjord, exactly. I was incredible. 0:11:25.120 --> 0:11:28.160 I was a little jealous. Great, and it costs less 0:11:28.160 --> 0:11:31.760 than a hotel room, but my experience was so magnified 0:11:31.880 --> 0:11:33.640 by doing that and the people you meet. You know, 0:11:33.640 --> 0:11:35.120 we talked to the owner for a while, and it 0:11:35.240 --> 0:11:39.680 just felt like this beautiful experience getting to meet someone 0:11:40.280 --> 0:11:41.960 from Norway, talk to him for a little bit, kind 0:11:42.000 --> 0:11:44.040 of get their vibe for what they enjoyed doing, like 0:11:44.080 --> 0:11:46.800 the local experience, and you just don't get that out 0:11:46.800 --> 0:11:48.720 of hotel. You talked to a concierge, she was like, yeah, 0:11:48.720 --> 0:11:51.480 there's a McDonald's around the corner, dude. Yeah, I don't 0:11:51.480 --> 0:11:54.440 even talk to the the concierge. I'm just like not worth Yeah, 0:11:55.160 --> 0:11:56.480 I know where I want to go. It would just 0:11:56.559 --> 0:11:57.880 let me, let me do what I want to do. 0:11:58.240 --> 0:12:02.240 And before Airbnb, I guess there was is couch surfing, right, 0:12:02.280 --> 0:12:04.040 So couch surfing dot Com, which it's kind of like 0:12:04.080 --> 0:12:07.720 the predecessor, still exists, but couch surfing wasn't really a 0:12:07.760 --> 0:12:11.160 capitalistic endeavor. It was kind of this little more hippie yeah, 0:12:11.320 --> 0:12:14.199 like sign up, find a place to stay, connect with people. 0:12:14.920 --> 0:12:17.559 Did you ever do couch surfing? Oh? You should have. 0:12:17.920 --> 0:12:20.040 I just honestly, I don't think I even really knew 0:12:20.040 --> 0:12:21.959 about it, to be honest with you. With you man, Yeah, 0:12:22.360 --> 0:12:24.280 so my buddy, I love the idea of it. My 0:12:24.320 --> 0:12:26.920 buddy Travis and I we bought a car and we 0:12:27.320 --> 0:12:30.080 traveled across the country for three months. So we end 0:12:30.160 --> 0:12:31.520 up doing a lot of couch surfing, finding a lot 0:12:31.559 --> 0:12:33.640 of people. Sometimes we just meet people in person and 0:12:33.679 --> 0:12:35.640 ask if we can stay at their place, like the 0:12:35.640 --> 0:12:38.920 original form of couch surfing. Yeah, no internet needed, but 0:12:39.040 --> 0:12:41.360 we would do the couch surfing dot com. And my 0:12:41.400 --> 0:12:46.120 buddy Travis, interestingly enough, after that trip, he met not 0:12:46.240 --> 0:12:48.319 so not on the trip with me, but he met 0:12:48.400 --> 0:12:53.640 his wife couch surfing in New Orleans. That's that's pretty awesome. 0:12:53.800 --> 0:13:00.160 So you can find love through these sites too. Yeah, out, 0:13:00.160 --> 0:13:01.760 I was gonna go down the path, but I decided 0:13:03.440 --> 0:13:06.520 it's amazing though. Yeah, that is it's very cool. I mean, yeah, 0:13:06.559 --> 0:13:11.760 an Airbnb obviously provides that that's that same similar vibe, right, 0:13:11.760 --> 0:13:14.000 Like you get to meet meet different folks, whether I 0:13:14.000 --> 0:13:16.280 mean sometimes the hosts aren't there, which is which is fine, 0:13:16.320 --> 0:13:18.960 but I just like being able to stay even in 0:13:18.960 --> 0:13:21.920 a neighborhood that you wouldn't even hardly even visit, right. 0:13:22.000 --> 0:13:24.600 Kate and I we had our anniversary trip this past 0:13:24.640 --> 0:13:27.240 fall and we went to Boston and we stayed in 0:13:27.240 --> 0:13:31.800 a neighborhood called back Bay. Super ritzy, I mean brown 0:13:31.840 --> 0:13:34.000 stones that are like a hundred and fifty years old, 0:13:34.720 --> 0:13:37.160 honestly prettier than any brown stone I've seen in New 0:13:37.200 --> 0:13:42.040 York Brooklyn. But in Boston, dude, it was gorgeous, unreal. 0:13:42.400 --> 0:13:45.360 And we pulled up Zilo Zillo up on our phone 0:13:45.400 --> 0:13:46.920 because we're like, man, I wonder what some of these 0:13:47.160 --> 0:13:49.720 units are going for, you know, And we had like 0:13:49.760 --> 0:13:52.280 a fourth floor walk up or something like that. There 0:13:52.360 --> 0:13:54.360 was a fifth floor like on the building right next 0:13:54.360 --> 0:13:56.679 door to it. List list it out like one point 0:13:56.720 --> 0:14:00.320 three million for in all these units are when I 0:14:00.320 --> 0:14:04.280 guess maybe square foot like a thirteen square foot two 0:14:04.360 --> 0:14:07.200 one at most. I mean the one we stayed out 0:14:07.240 --> 0:14:10.200 only had a single, single bedroom, but to be able 0:14:10.240 --> 0:14:12.439 to stay there, and so I think we only paid 0:14:12.480 --> 0:14:16.559 about like one twenty a night to stay in a 0:14:16.600 --> 0:14:18.920 neighborhood in a part of town that we would obviously 0:14:18.960 --> 0:14:22.880 never be able to afford to live. But I loved it, man, 0:14:22.960 --> 0:14:24.880 just being able to walk the walk the streets and 0:14:24.880 --> 0:14:27.720 walk past the buildings, and there's this sort of park 0:14:27.880 --> 0:14:30.440 down the in between, like on this one avenue that 0:14:30.480 --> 0:14:31.760 we got to walk down, so you're not even on 0:14:31.800 --> 0:14:34.120 the sidewalk, you're walking down like the stretch of park 0:14:34.560 --> 0:14:38.840 in between these buildings. It's awesome, cool, that's cool. Yeah, 0:14:38.880 --> 0:14:41.240 I love that experience that are being be can provide. 0:14:41.720 --> 0:14:44.040 So let's tell people. So Matt and I I think 0:14:44.080 --> 0:14:47.080 Matt's a few months ago had had the idea to 0:14:47.160 --> 0:14:49.360 do it in his house and he's kind of started 0:14:49.400 --> 0:14:51.360 work a little bit. And then I'll tell you, guys, 0:14:51.440 --> 0:14:54.960 kind of my seed that started germinating just a few 0:14:54.960 --> 0:14:57.160 weeks ago. Since then, I guess I got you thinking. 0:14:57.560 --> 0:15:00.000 So we've been thinking about it, and basically we've got 0:15:00.000 --> 0:15:04.600 space under our house, our our basement space, and so 0:15:04.720 --> 0:15:08.400 the idea is to be able to basically create an 0:15:08.440 --> 0:15:10.600 apartment down there, just to let folks know it's not 0:15:10.640 --> 0:15:12.880 a finished baseman. It's yeah, another floor and stuff. So 0:15:13.040 --> 0:15:14.440 like you got a lot of work to do. I 0:15:14.440 --> 0:15:17.920 mean literally we would have to create it, I mean, 0:15:18.000 --> 0:15:20.720 including digging some dirt out to to make sure there's 0:15:20.840 --> 0:15:24.520 enough enough head clearance. It's I mean technically maybe it 0:15:24.600 --> 0:15:27.960 might be more considered to be a cross space, but 0:15:28.040 --> 0:15:30.320 it's a huge cross space. I mean I think if 0:15:30.360 --> 0:15:31.920 I if we took out like a foot of dirt, 0:15:32.040 --> 0:15:33.680 we would be able to have eight foot ceilings, you know. 0:15:33.760 --> 0:15:36.640 So it's it's pretty big up under there. And yeah, 0:15:36.680 --> 0:15:39.400 there's not a ton of space, so we knew we 0:15:39.400 --> 0:15:41.640 would never want it to be a traditional lease where 0:15:41.760 --> 0:15:44.480 there's somebody always down there. Part part of it has 0:15:44.480 --> 0:15:46.960 to do with too not wanting to create a kitchen, 0:15:47.240 --> 0:15:49.840 creating a little apartment for someone to to be able 0:15:49.880 --> 0:15:52.560 to spend the night, obviously a bathroom and uh you know, 0:15:52.600 --> 0:15:55.520 maybe like a little mini mini bar, mini fridge kind 0:15:55.560 --> 0:15:58.200 of action for them to put leftovers in or something 0:15:58.240 --> 0:16:01.720 like that when they're going out to eat. But that's 0:16:01.760 --> 0:16:03.480 kind of something where we've been considering. I've been down 0:16:03.520 --> 0:16:05.920 there every other week or so. I'll go down there 0:16:05.960 --> 0:16:09.320 with like a tape measure and take measurements to figure 0:16:09.360 --> 0:16:13.400 things out. But no, we have not started actually digging 0:16:13.480 --> 0:16:16.000 or creating the space anything like that. It's it's kind 0:16:16.000 --> 0:16:17.960 of all a it's all a pipe dream at the 0:16:18.000 --> 0:16:20.080 moment at least, all right. And so if you if 0:16:20.120 --> 0:16:22.360 you crunch numbers on it, and what what do you 0:16:22.360 --> 0:16:24.920 think you could make on it, and what's your what's 0:16:24.920 --> 0:16:27.680 your aim here? Yeah, I mean, so the idea is, 0:16:27.720 --> 0:16:31.320 I think based on the demand I'm seeing in our neighborhood. 0:16:31.360 --> 0:16:34.440 So Joel and I both live in a pretty popular 0:16:34.480 --> 0:16:36.880 neighborhood I guess pretty close to east line of village. 0:16:37.160 --> 0:16:39.200 So a lot of folks are are wanting to kind 0:16:39.200 --> 0:16:42.640 of hang out there. And I think we could rent 0:16:42.680 --> 0:16:46.200 it out like easily twenty twenty out of three days 0:16:46.200 --> 0:16:49.480 of the month, just about. And I think it could 0:16:49.520 --> 0:16:51.800 go for between like sixty two somewhere between sixty eight 0:16:51.920 --> 0:16:55.040 bucks a night for how many square feet. I think 0:16:55.040 --> 0:16:58.920 we measured out about two like somewhere between like two 0:16:59.360 --> 0:17:01.640 square two to fifty. Yeah, I mean it all kind 0:17:01.640 --> 0:17:06.040 of depends though, So I'm mine started to take place 0:17:06.080 --> 0:17:09.920 because I like to search rain of things in Craigslist. 0:17:10.440 --> 0:17:12.480 There's like a few of my favorite search terms that 0:17:12.520 --> 0:17:14.159 I'll type in every once in a while if I 0:17:14.200 --> 0:17:19.200 just kinda I got a down minute and I want 0:17:19.200 --> 0:17:21.840 my brain to race about weird stuff, and airstream is 0:17:21.840 --> 0:17:23.280 one of the things that like to type INTOUP. Yeah, 0:17:23.280 --> 0:17:27.880 you've been talking about an airstream for yeah a while now. Yeah, 0:17:28.040 --> 0:17:29.800 it's been kind of on my mind, and I've looked 0:17:29.800 --> 0:17:31.680 at it at different times, and probably a year ago, 0:17:31.760 --> 0:17:36.520 I was looking at a couple and then I tossed 0:17:36.520 --> 0:17:38.440 in the Craigslist the other day and there's a guy 0:17:38.640 --> 0:17:40.439 literally right around the corner for me, less than a 0:17:40.440 --> 0:17:43.440 mile away, who's selling an airstream that he currently rents 0:17:43.440 --> 0:17:47.359 on Airbnb. It's super good looking. It's yeah, you showed 0:17:47.400 --> 0:17:49.160 me a picture of it, Yes, my kind of style. 0:17:49.840 --> 0:17:53.680 But the interior it needs a lot of work, and um, 0:17:53.720 --> 0:17:55.480 I'm just not sure how if I'm ready to like 0:17:55.520 --> 0:17:58.680 redo a bathroom in an airstream right now? But why 0:17:58.760 --> 0:18:01.200 why why is he why as he's selling it, he's moving. 0:18:01.720 --> 0:18:05.280 So he just kind of got me thinking specifically about 0:18:05.280 --> 0:18:08.320 that one and then figuring out the market a little 0:18:08.359 --> 0:18:11.120 bit more. So I went to there, there's an air 0:18:11.160 --> 0:18:13.840 stream classified websites. I'm taking through there to kind of 0:18:13.840 --> 0:18:16.439 see what's nearby and what's available and to kind of 0:18:16.640 --> 0:18:22.159 auto trader for air streams exactly exactly. So Craigslist has 0:18:22.200 --> 0:18:24.960 like some merit there, but these air stream classifiedes, if 0:18:25.000 --> 0:18:28.480 you're willing to travel especially, I think are it's it's 0:18:28.480 --> 0:18:31.320 a it's a better website you can you can get 0:18:31.320 --> 0:18:33.200 a better idea of the value too. So after looking 0:18:33.200 --> 0:18:35.280 at that, I knew that this guy was asking too much. 0:18:36.400 --> 0:18:38.040 He would think he was asking eighteen and I think 0:18:38.080 --> 0:18:40.000 probably for his I'd be willing to pay like ten 0:18:40.080 --> 0:18:43.000 to twelve. Yeah, it's because I found some that were 0:18:43.680 --> 0:18:47.720 bigger and had much better renovations done to them. And yeah, 0:18:47.720 --> 0:18:49.240 that because that was something I was I was thinking 0:18:49.240 --> 0:18:52.520 about when you told me that, which is it's one 0:18:52.520 --> 0:18:54.840 thing to do a renovation, I guess on a regular 0:18:54.960 --> 0:18:58.000 traditional building or home, I feel like with a air stream, 0:18:58.040 --> 0:19:01.960 but there's gonna be specific specific parts are sure, and 0:19:02.000 --> 0:19:04.080 like that's gonna make it. I mean, I think at 0:19:04.160 --> 0:19:05.560 least I've never done this, but I feel like it 0:19:05.600 --> 0:19:07.359 would make it a little trickier to kind of replace 0:19:07.400 --> 0:19:10.560 stuff like a bathroom, for instance, And that's definitely the 0:19:10.560 --> 0:19:13.040 case for for certain parts theater stream. But I think 0:19:13.320 --> 0:19:16.120 you have a lot of leeway to I mean, there's 0:19:16.119 --> 0:19:18.400 people that tile out the bathrooms and air streams, and 0:19:18.720 --> 0:19:20.320 so you can kind of basically just do whatever you want. 0:19:20.320 --> 0:19:21.879 It's not like you're trying to restore it to its 0:19:21.920 --> 0:19:26.720 original the original condition or yeah, yeah, it's not a restoration. 0:19:26.800 --> 0:19:29.040