Codie SanchezFounder @ Contrarian Thinking

Make $45K/Month from Home Rentals

21 May 2023 · 1 min

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0:31

YouTube interview/transcript excerpt (Codie Sanchez) describing a short-term rental case study: a young (25) operator bought a property for $140,000, converted it to a short-term rental, automated operations, and reportedly earned about $1,000,000 in revenue and $550,000 profit within the first year despite no prior Airbnb experience (former accountant).

Questions this video answers

About $1,000,000 per year.

About $550,000 per year.

25 years old.

$140,000.

No — they had never run an Airbnb before.

Chapters

Let me see if I can get this right. You made about a million bucks a year and 550k profit, all within the first year you were 25 years old, decided to buy a property for 140k, then you turn it into short term rental. And then you did this extra thing that also sounds ridiculous but amazing, which is that you automated the whole property. You kind of look at your phone and a couple different things and people come in and check in. Yep. Okay. That's wild. And before this, you had never run an Airbnb, Right? You didn't go to college and you were an accountant. That's right. So naturally, he went and built a multi million dollar Airbn.