You don't have to build something to host through airbnb. I know several people who rent out the master bedroom/bathroom and still live in their house. We have rented out our basement, not even the whole basement, just one bedroom and one bathroom for 8 years. Didn't cost us a thing to get set up. We're empty nesters and decided to rent out the space we don't use instead of downsizing when our kids left. When our kids come home we just block it off on our calendar. Easiest money we've ever made. We had the busiest summer ever with Covid.
Seeing as how that is alot of what Airbnb is makes your comment obvious. The tiny house game is a side hustle people are doing now AND it helps you invest in yourself. The video wasn't about the only way to make money from airbnb so you just sound like a troll. Smh chill.
Funny, people don’t do their research. Tiny homes can be incredibly expensive depending on where you live and the materials. I’m rebuilding my grandmas house. 100 yrs old. We kept the frame and built everything else around it. 5 min from downtown San Antonio Tx on a dead end with a future trailhead being built which will connect to river walk. 61K to rebuild this 1,100 sq foot home. Everything is brand new. We don’t do cheap, but didn’t go expensive on materials and appliances. Looking forward to serving people and renting as Airbnb.
@ahmed King I do agree with you but tiny houses is for craft people and it's started like this ,ceramic cup cost 30$ max but people sell it for 200$ label under "handmade",this what happen the moment you turn a craft into a business , like he said if you "never hold a hammer in your life ''you should buy the full price +Extra ,want a affordable tiny house learn the craft and spend years building it , you want it ready out of the oven pay the full price
ahmed King Hi Ahmed! I think he’s actually just trying to live the life any of us would want to live. He’s created a business in hopes to no longer have to work the 9-5. This will give him more time with his family. I’m happy for him. I don’t view him as having malicious intent. I hope you’re well!
This is why I preach concrete for new homes, it's not cheaper in the short term but it'll last you 50 years longer than a stick building. No need to worry about fires, rotting, and can be very sustainable in any climate if engineered right
A family member of mine wanted to build this year but the cost of raw materials went up 22,000$ on his project... Thats just for lumber. Thats 22,000$ inflation in a few months. Its crazy.
Amen, brother! $110,000 into my 265 sq ft tiny house near Palm Springs (including lot). Like you, most of the construction work done by myself. My friends ask the same question. - how is it possible to spend that much? Quality costs money - small or large homes, that’s the same. Keep on with the great content!
Yeah. I don't have a tiny home or build them, but I do the work on my own home. I can only imagine when trying to put as many amenities in to a smaller space as there may be in a larger/normal sized home, it takes a certain quality or specific type of materials that are more expensive and also a level of ingenuity and possibly obscure or specific parts to make it all fit. All of that = time and money.
@@jamesrogers4674 Mine is a tiny house on wheels, built in North Dakota and titled as an RV. So, no permitting there. I placed it in an 55+ RV park in California where I own the lot (lots cost around $30k, plus HOA and land lease of around $300 per month).
@@matthewriegner5180 You're exactly right. So much time and effort is spent figuring out how to make it all work in a tiny space. My bathroom, for example, has two small windows - one on each exterior wall - which really impacted the design of the bathroom. In the end, it worked out really nicely, but it took a LOT of time and effort to figure it out. Granted, smaller sizes save you SOME money, but usually the labor spent crafting it all outweighs some of the material savings. I absolutely love my tiny home, though... I have had much larger houses (including a 4,000 sq. ft. downtown building converted to a home) and nothing has "fit" me or my lifestyle as well as this.
@@chrisincalifornia I'm sure it's nice, $300/sq ft isn't far fetched though when they say $100 is minimum you can build a basic builder grade home around where I live. And that was before price's started increasing this year or so.
18 year old Guatemalan here, I have two small houses on Airbnb, and this is insanely inspiring! You got a new subscriber and I’ll be following your steps and I’ll own many casitas in the future!
@@twincherry4958 started to fully work on the airbnbs on June 2021 after a guest booked for a month, and paid what seemed to me a ridiculous amount back then. Re invested everything back into the two cottages. And now I run a 6 property business, with 5 employees, and a 7th property coming on the way, along with two new apartments being remodeled starting today, bringing the total to 9 properties :)
@@antonioquiacain9451 how much net per month after all expenses, utilities, mortgage etc? Closing tomorrow on one I wanted to use as an airbnb but I'm still just scared and have 3 showings for long-term rentals scheduled already. I don't know how to get the courage to start an airbnb, seems like its operations are exhausting 😏
@@twincherry4958 operations are exhausting, which is why I’ve hired people to handle many things for me. I don’t pay a mortgage, as I use leases instead, on properties already on the market, fix them up, and make money off of them. I can’t really say how much is the profit, because I’ve been very bad with my finances up until this point; I’ve now hired an accountant. I can say Airbnb is an amazing way to make your money back as fast as possible, our numbers in this country are lower than those in the US as the market prices are way way lower. I still make about 15 times more the monthly minimum wage, consistently despite it being slow season
@@Robuilt Hello, I just posted a comment above, its the long one and I had a question for you... thanks for the videos... i might come on up and rent one of your tiny homes... very clean looking... did you get that blue print from a builder or magazine? Thanks, Josh
Just goes to show the disdain coastal elites have for so called flyover states. News flash, you're not as important as you think you are. Also, California sucks now due to the ppl who live there so.... good job I guess.
Cristopher Moen LOL! Meanwhile... CA + NY + NJ financially “CARRY” the rest of the “flyover states” just in the taxes we overpay for ya. You’re welcome. And... we really don’t care what y’all think of us!😉👍
I remember when you had that built I used to live around the corner from it. I’d walk my dog behind it all the time so I remember when it was just a dirt lot. I was shocked I came across your video and I’m like “wait... I know that place!!!” Awesome job with it it’s beautiful in person 👍🏾
It's been 2 years, would love to see you revisit this and see how the summer vs winter months compare in profit, as well as how / if the market has changed in the past two years?
So worth it! Even if you made no money in pocket they are paying your mortgage/loan note and that builds your total equity. Once paid off you'd then profit but your net worth is going up in the process. Don't listen to anyone who puts this business down... only thing that sucks is CA taxes from your profits. Keep up the good work thank you for the transparency and making this video.
We’re a single income household because as a mom with special needs kids I can’t work. This has been a discussion between my husband and I to basically making another income for us. Thank you for all this information!
Please make both of those courses! Literally just decided that tiny house airBnB was going to be my investment strategy, then my FBI agent hooked me up with your video as a recommendation. WINNING!
Not sure you'll see this to be able to answer but I have 2 questions... #1 how do you inspect the Joashua Tree property for damage or missing items when you are not there? #2 How do you find scheduling cleaning to be for the JT property...a pain or easy?? 10+ cleanings a month is a lot to get done with a quick turnaround...no??
If he uses the same cleaner, who by the way would have loyalty for providing regular income to him/her, I would think he would be asking the cleaner to inspect the loss or damage. At least, that is what I would do. And also spiff the cleaner with a few free stays each quarter.
People tend to forget that prices vary due to sooo many factors! Location of build, how much you repurpose items, contractor vs diy, buying land or not, current cost of building supplies, off grid or not, and size!! Tiny houses can cost $5k - $200k!!
Robuilt! What's your preferred construction method for your tiny loft houses? - On-site stick built? - On-site SIP panel built? - Modular factory built and delivered? Also, have you weighed the pros/cons of using solar panels and on-site battery storage to capture generated electricity? What are your thoughts on that for such a home?
my biggest issue running my airbnb was cleaning. it was difficult to find a cleaner who could work with the erratic schedule. ended up not being worth it in the end vs. rent, at least in LA- ended up making about the same or a little less than airbnb but with so much less work (having to clean on days i couldn’t get a cleaner)
@Juneau Dahl I was wondering the same thing, how those cleaners clean your property here and there, and never really knowing the cleaning day. The cleaners that I know have their hands full with their scheduled houses, so I am pretty sure they wouldn't be OK with cleaning on certain days and times, and be able to squeeze those times to their tight schedule. But it is cool if someone can find reliable and available cleaners.
I built my 8x32 tiny home in 2009 in a friend's back yard. It cost me $12,000.00 and 6 months of my life. We lived in it for 5 years and it has been rented out every day since. It still looks brand new. I did all the construction myself and sourced supplies with great care at 2009 prices. The same build would cost three times that today. I intend to build more and this time on land. I want to build in the Summer and go to Costa Rica or somewhere else warm in the Winter. I know that hiring a property manager is cutting into my profit but it is worth it for me. Nice video.
I did it with a 1000sf home just outside of Flagstaff. Ended up hiring a property manager because I moved to NM. Made a reasonable amount but I was also supporting a $245K mortgage on my vacation rental. Lots of deductibles to track plus AZ has a transaction privilege license tax that is paid monthly on-line. When you receive inquiries from AirBnb and other vacation rental agencies (I had up to 6 different companies) you must respond to each inquiry which usually can far outpace actual rentals. It's a very time consuming business which may or may not be worth your time and effort if you are doing everything yourself and don't have more than one rental. Also FYI most people who rent treat your home very respectfully but there are people out there who simply do not care and will do damage which the rental companies will not really stand behind even if they say they will. Just thought I would mention some of the downsides so you have a sense of it. Otherwise I met some fantastic people from in and out of country and since I was close to the Grand Canyon had a natural draw to my cabin.
I owned and operated my home as a b& b for 13 years. Your doing great! Like you, I didn't pay myself and reinvested. It paid all overhead from nearly the beginning. It's such a flexible way to live.
Absolutely would. I shared the same with my tiny NYC studio. I love it. Setting up 1 tiny house in Sicily now and heading to Brazil next month to try and build one there.
I have to give it to you, your actually very smart to do this. Most tiny home owners end up losing a ton of money if they can even resell them. They are actually listed as trailers if they have wheels if you want to drive with them.
Well the first step is to have millions of dollars or rich parents so you can afford to buy a $600k to $1m house in LA in your 20s with enough land to build a tiny house on
PATRIOT 27 oh thanks for taking a break from reddit to explain how loans work without explaining how loans work videogame neckbeard with cringe at username
@@bfourney Do I really need to counter argue your description of needing millions of dollars to secure a 600k-1M dollar loan? Cuz if that's the case, you've never actually secured a loan for a home before in your life
I designed & help build a tiny home on wheels in Kalispell MT which is 40 minutes west of Glacier National Park. It cost me $42,000 including everything. I lived in it for a full year to fully understand tiny home living it was awesome. I rented it out on Airbnb when I was away and grossed over $11,000 in less than 4 months and became a SuperHost. I believe Tiny homes are an awesome investment. I'm with you!
For those of us with low to no credit in low wage jobs the tiny house movement was about not having to have a mortgage and saving money for personal freedom. In other words this video is kinda depressing but congratulations on the profitability!
I get this a lot. Contrary to popular belief, I don't actually have to conform to your idea of the "tiny house movement" or anyone else's. I just have to conform to the ideas that I think will provide for me, my wife and my sweet baby Isla Rue. Thanks for watching!
Yes! This is the content I subbed for!! Thanks for being really transparent and open and congrats on the crazy growth of the channel and your business 😁 also in the middle of watching the video so you might address this already but if you could do a video on how you stay basically 100% occupied on Airbnb. Keep keep killing it. Oh and last edit it would be cool if you could talk about your relationship with your partner
@TheFlyingMonkey200 every payment you make on the house becomes your equity of ownership over the house. You can turn around and sell the house and profit what you put into it. Owning a home is the best investment
@@1ChristopherCampbell Most appreciation is from the land not the home itself. Would love to see how much putting a tiny home on an existing property's land would even affect appreciation. That's a big assumption though.
You have this system dialed-in. I’m doing something similar with travel nurses in Vegas. Looking for more tiny house development projects and will definitely use your channel for inspiration and guidance.
I liked the video... it hit home as I was in the trades and built tiny homes... Now im a gardner in San Diego, and I have one customer who does Airbnb and rents out his entire single family home... its a beautiful estate and tropical looking yard... and he lives in an apartment somewhere else in the area... The first week working for him, it seemed like his Airbnb business was a dream job and would be kinda easy to handle... its now been 2 months since I started working for him and im there several days a week to see whats going on and it Definitely does not look easy anymore... i was told the owner is there almost daily plus he has an assistant...he deals with bookings, advertising, vacancy spells, complaints from guests, organizing cleanings, guests partying it up & damages which can be big $, meeting and dealing with all the repairmen and maintenance guys like myself. ,and thats not all the stuff he listed off when we spoke about his business...It now looks kinda like a nightmare and hectic to run... My question is if I build a tiny house with the intention of using it for Airbnb, should I build an extra room or build a small stand alone quarters on the property for someone to live and manage it for me? Should i charge rent for the live-in manager? I now know I dont want to take on all the work of being a motel operator... I magine most people wanting to try this have a full time job, and this would be side income... any advice is appreciated on how to lessen the load... thanks for reading
It's like when you live in a city like where I am (Seattle) or SF or NYC and you say how much rent is...and people from small mid-Western towns say..."Wow for that I could own a mansion here!" And I always say, "Yeah, but then I'd have to live THERE!" For me, it's more important to live where I want to live, even if it means a small, expensive apartment. Sometimes it's $$$ because it's in a prime location, or has safety features you wouldn't need in a Nebraska suburb, or it's super nicely finished and has a ton of amenities in the building. Having a small house in the desert makes sense, since it's easier to cool (and presumably to heat in the cold winter nights). And good quality materials, furnishings, and builders who know what they're doing all make sense.
Just did a $800,000 addition to a home here in Wisconsin. Not Petemtumba or whatever you said, but Whitefish Bay. Under $200,000 including land and everything sounds about right to me. Great video, thanks for the info!
I'm really glad my "Freshmaker" reference resonated with someone. Not enough comments about this bit tbh. Tell your mom I say hi and thanks for watching.
I just turned 25 and I know I maturing because instead of watching cartoons or kdramas. I chose to watch this first 😆 lol I love the work you’ve done! I’ve been wanting to build a tiny house and rent it out on Airbnb as well. I want to use the revenue from my artwork to help that dream come true. I can’t wait to design the homes and decorate it with my work too 🖼 assets within assets ✨
California is the worse state to do business in. 7.65% for interest? 😂 If you crunch the numbers, this guy will take forever to pay off his investment. By then, California will be a dumpster from all the over-regulation.
I think the people saying they could do it cheaper are just unrealistic. You'll always have extreme cases. But time and quality dictate cost. Nice job.
This is something I’ve wanted to do since graduating college about 4 year ago. 2 issues: - I live by and have taught Dave Ramsey’s principles. - Moral conflict - I live in the very rural part of eastern KY where the realtor market is nonexistent. - Environmental factor. Look forward to progressing in my career and maybe doing this with cash one day!
I live around LA also, I wanna do exactly this in the future! Thank you for making these videos! Please do the courses, 100% gonna have to take it if you do.
I can see how this benefits someone who already owns their own home or has a low monthly mortgage but for people who have to also pay for both their personal home and the tiny home it would probably be close to just canceling each other out. That’s why it’s harder for most people to run an Airbnb while also running a second home thru Airbnb for a lot of people. But if someone can afford to do both then that’s awesome!
This is great info. It’s nice to see the comparison between an urbanized tiny home versus the rural/scenic one. Would love to learn more about the process you had to go through to contract and build the Joshua Tree home.
Tiny homes can be pretty affordable to build if you have a background in construction, I'm a general contractor for a living. With that being said inexpensive is going to be $15,000 or more depending on the size and level of luxurious amenities that you use and we haven't even started talking about property of course. The home's you built do have custom home status and are going to be quite a bit more especially when considering the land values in California. They look good and I will say without a doubt you're one of the best designers I've seen in awhile. Wish you lived closer to Missouri I'm about to work on one and I'd love your input. Best of luck to you.
Hey Rob, thanks for all the transparency in how your Airbnb finances work! I'm totally impressed with the Airbnb empire you've built! I noticed you have units in Tennessee, Arizona, and California. Which was your first? Did you have your main residence in LA before you started investing in rental properties or did those properties enable you to buy your home in LA? Thanks again!
You are a smart young man with loads of personality and willpower. I wish I had this drive and Direction 20 years ago however it's not too late and I'm taking the steps to make this happen. The sky is the limit! Thank you for inspiring us and keep up the great work!
..my dude, I am inspired, lots of what you are already doing are things that I have relegated to the "todo or wish list" category. Perpetually putting it off and going for the sure thing. That has only slowed me down, time to put up or shut up, I'm in, thanks for the metaphorical boot in the bum!!
Why don’t you pull ur equity and buy more homes? I only do normal rentals but I have 10m in equity in 40m of buildings. My returns with leverage is around 14 coc and when u factor in appreciation and principal pay down I get around 25-30 percent yearly returns.
I thought the $165,000 was pretty good for the price! But once again I was born and raised in california lol. I saw you do an interview where you showed your lil home. Happy to see you have your own channel because you give out great info. I've always wanted to have a business and I want to do airbnb. Im not going to lie you've motivated me to start thinking about it being a possibility in 2021. I really think it would be successful. Im 45 mins from big bear and have my parents to help me out with it. If you do offer those courses I would definitely sign up for it! Thanks for all your wisdom man :)
100 bucks for a consultation, you are making more than 30% return of investment (while paying mortgage) you my friend are one smart money making machine. Thanks for your videos!
I would love to know what you spend all together until you‘ve been able to put them on Airbnb. (furniture, the land, the house...) BTW - is it our design? I love it ;D
I just recorded a video last night that gets into all the costs. Coming soon :) $165K is what it cost to build. I spent about $5500 to furnish the home. All in I spent $171,000! It is my design in collaboration with Shawn over at www.smallhousecatalog.com.
I love your channel, I find it super helpful since most tiny house videos are people building in a cheaper states on their parents property and with no earthquake codes. They are often moblie which has differnt laws and they either barrow from family or save $ living with family. That's is a very privileged angle to come into a tiny house. Building in Sol. Ca is a whole other level of compexity. Your channel shows others ways of going about this. As a Los Angeles native it gives me insperation that I can do this here and have my net-zero dearm home and maybe an investment on the side. THANK YOU
No thank YOU for watching. I love comments like these. They make my day. I was really broke when I got started. So believe when I say, if I can do it, so can you.
Love your videos and how you have things set up. I'm a little confused though, you mention at 7:10 in the video that your gross revenue for August was $4700, but a few moments later in your spreadsheet, you show a gross revenue of $2583, which dollar amount is correct, or am I missing something? The other confusing thing is you are subtracting the cleaning expense from your profit, but you are passing the costs for cleaning to the people staying at your properties, so should that not be subtracted? Finally, you mention in the description below the video that you have 10 units total. Are those AirBnB as well and how well are those performing by comparison? Even if you are only making half the profit for the other units your net yearly profit must be in the low 6 figure range. Could you share a little or more about your other units? Thanks!
All good questions! Sorry for the ambiguity on the $4700 number. It was $4700 because that reservation was for 2 months. So I pro-rated that reservation for the month of August which is why it's set at $2583. Does that make sense? I'm not subtracting the cleaning from my net profit, I am subtracting it from my gross profit. Only THEN can I determine my true net profit. But to address your question, I COULD have left it out because it truly doesn't matter as far as my expenses are concerned. However, in many of my other videos people ask "WHAT ABOUT CLEANING EXPENSES BRO WHY DIDN'T YOU TALK ABOUT CLEANING EXPENSES WHAT ARE YOU HIDING." So I added it into this video for that reason haha. Yes, those 10 units are airbnb listings as well. Those other units are shared with partners, so it's a little tougher to break down profits on that. Regardless, I am planning on doing more content revolving those listings. If I talked about all of that in this video, then why would you ever come back to my channel?!
Robuilt I have 9 units but because of LA new short term rental ordinance I had to turn some to long term rental. How are u doing it all in Airbnb? Im assuming not all LA base.
Super interested in the courses, and in this investment model. I've been sitting on the same ideas for a while, but for some reason I am not brave enough to pull the trigger and start the process. I am glad I found your channel. Very helpful and encouraging.
Probably not but those cost would be minor in comparison about 3-4k if buying everything new and even less if sourcing used furniture. This is talking from experience where I have furnished a similar sized studio and multiple projects.
Omg!!! I booked your Airbnb right as the pandemic stayed but never got to stay because we canceled our trip!!! Small world . Defly going to try and get into your la place again! Small world !!! I defly subscribing because I was sooo excited about being in a tiny home
We have decided to follow your lead and put in a tiny house on a lot that i have right on the lake. You have been so helpful!! Thank you! I subscribed last month but i went to check again to make sure and i had to push the subscriber button once again.
I need to start doing this!! I’m planing on buying a house next year and I’ve wanted to start an Airbnb host as soon as I get it and eventually do something like that!!! Gracias for the video! Drop the course soon man!!
Very true. My tax bracket is at the 25% mark. But with write-offs, it's much less. However, keep in mind, when you try to write off everything...you make less on paper. So while you pay less in taxes, you are unable to actually finance any new property. This is something I've had to learn the hard way over the years. Taxes blow, but remember: If you're paying high taxes, it means you make a lot of money-it's a good problem to have.
@@Robuilt Exactly what I've been going through and trying to balance. I have six rental properties, and have written off so much that it looks like I can't afford a pot to piss in. No more financing until I spend the next two years showing how much money I actually make.
@@monicapenrod6500 Yeah basically. Keep your write-offs as realistic and true as possible. If you need to save the tax money, submit more write-offs (just keep in mind you'll pay for it somehow in a different way).
That number wasn't high at all! I have seen tiny houses on trailers that will not last too many years that cost more then that! Yours are slabbed. Only broke people have a problem with the amount. Their budgets can't relate!
True, the fact that it's slabbed means it's an appreciating asset too. Tiny homes on wheels are awesome, but they will ultimately be worth less money 30 years from now.
Those who criticize your investment aren't familiar with the property and housing market in your area of the U.S., the recent increase in construction costs, what it costs to trick-out a tiny house, and that while a tiny house may be tiny--it still has all the expensive items a large house does--plumbing, septic, electric, utilities, kitchen, bath, etc. All the big ticket items that make houses expensive. Plus, you did a foundation build (totally different than an on-wheels deal), and it looks like you did a quality build. There's a part of the tiny house community for whom price matters over quality (and often doing it themselves which doesn't typically lend to the quality guest are looking for). And, they're often cutting costs by up-cycling, which not everyone has the time or knack for. For me, being somewhat familiar with the pricing in your area I thought, "Hey, that's a great price for land and a glamped tiny house..." Especially considering it's an investment that pays itself off quickly.
Thanks for putting the info out there. I was really hyped when I first heard, that buying and renting out tiny homes could be a source of income to provide you forever with almost no administrative work. Sadly, here in Germany it is legally not allowed to have a house without water/electric piping. They forbode offgrid, so we can't be free. I liked my visits to the USA... Beautiful country and so many cool people, all with their own problems though, as well... But yeah, in Germany there's a lot of city planning and burocracy. Getting a permit for a tiny home was designed as hard as possible, so people stay in the slave work system. Affordable space? Bahaha, that's past days. Now with Corona, 5G and industry 4.0 the New World Order finally takes shape. Now I even need luck to get ONE tiny house to live in myself for the big apocalypse. But I guess a hole in the ground with a plastic bag over it does the trick for plebs like me. :) Tiny House scene was attractive from the start, glad some of y'all made it big time. Hope you're doing alright in these times, God bless y'all. *edit* Oh and it's illegal to drink rain water here :)
I love your story good for you man I have 3 rentals I want to get to 5 but mine are semi detached homes can you imagine getting to 10 tiny homes like this your already unstoppable I can’t wait to see your next one 🙂👍💪🏻🏡
Teachers could definitely use a discount! Travel nurses are the last people that need a discount. They make tens of thousands of dollars a month. I’d rather support the teachers!
SO EXCITED! Host Camp is officially open for enrollment 👇🏽👇🏽
tinyurl.com/joinhostcamp
I literally just made up in my mind I want to do this and then saw this video a day later. The universe really shows signs in its own way!
Yes it does!
no your computer is just spying on you.
Please don't, the market is over-saturated.
@@christopherbarker2610 It would be fun regardless :)
@@shelbsmoforfun if you saw the thread on Facebook of this guys' neighbors, you reverse that thought
You don't have to build something to host through airbnb. I know several people who rent out the master bedroom/bathroom and still live in their house. We have rented out our basement, not even the whole basement, just one bedroom and one bathroom for 8 years. Didn't cost us a thing to get set up. We're empty nesters and decided to rent out the space we don't use instead of downsizing when our kids left. When our kids come home we just block it off on our calendar. Easiest money we've ever made. We had the busiest summer ever with Covid.
eh to invite people into your space not knowing what to expect can be alot id expect. im not sure it would be for me.
@@michaelperry2018 same here, sounds nice but risky..
Idk they might fart in the kitchen
@@yalelop428 😂😂😭
Seeing as how that is alot of what Airbnb is makes your comment obvious. The tiny house game is a side hustle people are doing now AND it helps you invest in yourself. The video wasn't about the only way to make money from airbnb so you just sound like a troll. Smh chill.
Funny, people don’t do their research. Tiny homes can be incredibly expensive depending on where you live and the materials. I’m rebuilding my grandmas house. 100 yrs old. We kept the frame and built everything else around it. 5 min from downtown San Antonio Tx on a dead end with a future trailhead being built which will connect to river walk. 61K to rebuild this 1,100 sq foot home. Everything is brand new. We don’t do cheap, but didn’t go expensive on materials and appliances. Looking forward to serving people and renting as Airbnb.
@ahmed King I do agree with you but tiny houses is for craft people and it's started like this ,ceramic cup cost 30$ max but people sell it for 200$ label under "handmade",this what happen the moment you turn a craft into a business , like he said if you "never hold a hammer in your life ''you should buy the full price +Extra ,want a affordable tiny house learn the craft and spend years building it , you want it ready out of the oven pay the full price
ahmed King Hi Ahmed! I think he’s actually just trying to live the life any of us would want to live. He’s created a business in hopes to no longer have to work the 9-5. This will give him more time with his family. I’m happy for him. I don’t view him as having malicious intent. I hope you’re well!
@ahmed King Dude, what are you even talking about, thats the price it cost HIM to build it. He's not selling these houses.
Monica how do I contact you. I’m going to see my friends next year around May when this Covid slow down. I use to leave in San Antonio for 4 yrs.
@@mariaespere566 facebook.com/monicalizpenrod
ADD ME
DM me and I’ll send my contact info.
I'm a homebuilder in the Birmingham, Alabama area. People who do not understand how much lumber and other materials and labor have risen.
And these are in California so the Permits and cost of materials go way up just from his location.
This is why I preach concrete for new homes, it's not cheaper in the short term but it'll last you 50 years longer than a stick building. No need to worry about fires, rotting, and can be very sustainable in any climate if engineered right
We can thank the Fed and their money printer for destroying our purchasing power.
Yeah they do, >300% (or 3x). But do the math; even at those costs and at his RONA rstes' his profit margins are great.
A family member of mine wanted to build this year but the cost of raw materials went up 22,000$ on his project... Thats just for lumber. Thats 22,000$ inflation in a few months. Its crazy.
Amen, brother! $110,000 into my 265 sq ft tiny house near Palm Springs (including lot). Like you, most of the construction work done by myself. My friends ask the same question. - how is it possible to spend that much? Quality costs money - small or large homes, that’s the same. Keep on with the great content!
Yeah. I don't have a tiny home or build them, but I do the work on my own home. I can only imagine when trying to put as many amenities in to a smaller space as there may be in a larger/normal sized home, it takes a certain quality or specific type of materials that are more expensive and also a level of ingenuity and possibly obscure or specific parts to make it all fit. All of that = time and money.
How much was the land, utilities, permits Chris? That's sometimes big ticket items that drive the price up with very little to no visual impact.
@@jamesrogers4674 Mine is a tiny house on wheels, built in North Dakota and titled as an RV. So, no permitting there. I placed it in an 55+ RV park in California where I own the lot (lots cost around $30k, plus HOA and land lease of around $300 per month).
@@matthewriegner5180 You're exactly right. So much time and effort is spent figuring out how to make it all work in a tiny space. My bathroom, for example, has two small windows - one on each exterior wall - which really impacted the design of the bathroom. In the end, it worked out really nicely, but it took a LOT of time and effort to figure it out. Granted, smaller sizes save you SOME money, but usually the labor spent crafting it all outweighs some of the material savings. I absolutely love my tiny home, though... I have had much larger houses (including a 4,000 sq. ft. downtown building converted to a home) and nothing has "fit" me or my lifestyle as well as this.
@@chrisincalifornia I'm sure it's nice, $300/sq ft isn't far fetched though when they say $100 is minimum you can build a basic builder grade home around where I live. And that was before price's started increasing this year or so.
18 year old Guatemalan here, I have two small houses on Airbnb, and this is insanely inspiring! You got a new subscriber and I’ll be following your steps and I’ll own many casitas in the future!
How's it going?
@@twincherry4958 started to fully work on the airbnbs on June 2021 after a guest booked for a month, and paid what seemed to me a ridiculous amount back then. Re invested everything back into the two cottages. And now I run a 6 property business, with 5 employees, and a 7th property coming on the way, along with two new apartments being remodeled starting today, bringing the total to 9 properties :)
@@antonioquiacain9451 how much net per month after all expenses, utilities, mortgage etc?
Closing tomorrow on one I wanted to use as an airbnb but I'm still just scared and have 3 showings for long-term rentals scheduled already.
I don't know how to get the courage to start an airbnb, seems like its operations are exhausting 😏
@@antonioquiacain9451 How much net estimate per month from all 9 properties
@@twincherry4958 operations are exhausting, which is why I’ve hired people to handle many things for me. I don’t pay a mortgage, as I use leases instead, on properties already on the market, fix them up, and make money off of them. I can’t really say how much is the profit, because I’ve been very bad with my finances up until this point; I’ve now hired an accountant.
I can say Airbnb is an amazing way to make your money back as fast as possible, our numbers in this country are lower than those in the US as the market prices are way way lower.
I still make about 15 times more the monthly minimum wage, consistently despite it being slow season
365 days/yr X 3 meals/day = 1095 burritos.
So u've earnt enough to eat Chipotle burritos for 6.5yrs straight, 3 meals a day, in just 1 yr. Noice.
This is quite possibly my favorite comment ever.
Priorities lol
Ah, I see you are a man of culture as well.
@@Robuilt Hello, I just posted a comment above, its the long one and I had a question for you... thanks for the videos... i might come on up and rent one of your tiny homes... very clean looking... did you get that blue print from a builder or magazine? Thanks, Josh
You murderers you assasinate my kind like we mean nothing
Those talking down on tiny homes never touched a hammer in their life 😂
EXCUSE ME. I'm from PEE-PAW-TOOMBA, Wisconsin and I'm OFFENDED! Lmao. Greatest city name ever made up on the spot. Great video Rob!!
BREAKING: ROBUILT CANCELED OVER CONTROVERSIAL REMARKS REVOLVING THE PROVIDENCE OF PEE-PAW-TOOMBA.
Just goes to show the disdain coastal elites have for so called flyover states. News flash, you're not as important as you think you are. Also, California sucks now due to the ppl who live there so.... good job I guess.
Cristopher Moen lol I lived in Kansas City for 4 years and loved it.
@@Kakakakakakakakakakakaka684 ❤️
Cristopher Moen LOL! Meanwhile... CA + NY + NJ financially “CARRY” the rest of the “flyover states” just in the taxes we overpay for ya. You’re welcome. And... we really don’t care what y’all think of us!😉👍
Your positive humorous energy is contagious. Your tiny houses design is very well thought through.
I remember when you had that built I used to live around the corner from it. I’d walk my dog behind it all the time so I remember when it was just a dirt lot. I was shocked I came across your video and I’m like “wait... I know that place!!!” Awesome job with it it’s beautiful in person 👍🏾
It's been 2 years, would love to see you revisit this and see how the summer vs winter months compare in profit, as well as how / if the market has changed in the past two years?
Congratulations. That’s wonderful. Loved the “hahaha” to the haters at the end. Keep crushing it buddy.
So worth it! Even if you made no money in pocket they are paying your mortgage/loan note and that builds your total equity. Once paid off you'd then profit but your net worth is going up in the process. Don't listen to anyone who puts this business down... only thing that sucks is CA taxes from your profits. Keep up the good work thank you for the transparency and making this video.
We’re a single income household because as a mom with special needs kids I can’t work. This has been a discussion between my husband and I to basically making another income for us. Thank you for all this information!
So did you create an airbnb ?
Please make both of those courses! Literally just decided that tiny house airBnB was going to be my investment strategy, then my FBI agent hooked me up with your video as a recommendation. WINNING!
Not sure you'll see this to be able to answer but I have 2 questions... #1 how do you inspect the Joashua Tree property for damage or missing items when you are not there?
#2 How do you find scheduling cleaning to be for the JT property...a pain or easy??
10+ cleanings a month is a lot to get done with a quick turnaround...no??
If he uses the same cleaner, who by the way would have loyalty for providing regular income to him/her, I would think he would be asking the cleaner to inspect the loss or damage. At least, that is what I would do. And also spiff the cleaner with a few free stays each quarter.
People tend to forget that prices vary due to sooo many factors! Location of build, how much you repurpose items, contractor vs diy, buying land or not, current cost of building supplies, off grid or not, and size!! Tiny houses can cost $5k - $200k!!
The video ACTUALLY starts at 4:38 You’re welcome
It would be great if youtube creators would understand we don't like our time to be wasted with a bunch of goofy nonsense.
Bubba Bong Actually this guy is funny, I enjoyed listening to what he had to say beforehand.
@@TheFirstBubbaBong Totally
Marty Maloney if I want to watch funny I will watch some George Carlin or Richard Prior videos. Not a video on Tiny Homes.
No thanks lol
Robuilt! What's your preferred construction method for your tiny loft houses?
- On-site stick built?
- On-site SIP panel built?
- Modular factory built and delivered?
Also, have you weighed the pros/cons of using solar panels and on-site battery storage to capture generated electricity? What are your thoughts on that for such a home?
my biggest issue running my airbnb was cleaning. it was difficult to find a cleaner who could work with the erratic schedule. ended up not being worth it in the end vs. rent, at least in LA- ended up making about the same or a little less than airbnb but with so much less work (having to clean on days i couldn’t get a cleaner)
@Juneau Dahl I was wondering the same thing, how those cleaners clean your property here and there, and never really knowing the cleaning day. The cleaners that I know have their hands full with their scheduled houses, so I am pretty sure they wouldn't be OK with cleaning on certain days and times, and be able to squeeze those times to their tight schedule. But it is cool if someone can find reliable and available cleaners.
I built my 8x32 tiny home in 2009 in a friend's back yard. It cost me $12,000.00 and 6 months of my life. We lived in it for 5 years and it has been rented out every day since. It still looks brand new. I did all the construction myself and sourced supplies with great care at 2009 prices. The same build would cost three times that today.
I intend to build more and this time on land. I want to build in the Summer and go to Costa Rica or somewhere else warm in the Winter. I know that hiring a property manager is cutting into my profit but it is worth it for me.
Nice video.
I’d like to see a “from the beginning” how you got here, and if it’s possible without income from sources like social media and UA-cam.
I did it with a 1000sf home just outside of Flagstaff. Ended up hiring a property manager because I moved to NM. Made a reasonable amount but I was also supporting a $245K mortgage on my vacation rental. Lots of deductibles to track plus AZ has a transaction privilege license tax that is paid monthly on-line. When you receive inquiries from AirBnb and other vacation rental agencies (I had up to 6 different companies) you must respond to each inquiry which usually can far outpace actual rentals. It's a very time consuming business which may or may not be worth your time and effort if you are doing everything yourself and don't have more than one rental. Also FYI most people who rent treat your home very respectfully but there are people out there who simply do not care and will do damage which the rental companies will not really stand behind even if they say they will.
Just thought I would mention some of the downsides so you have a sense of it. Otherwise I met some fantastic people from in and out of country and since I was close to the Grand Canyon had a natural draw to my cabin.
Thought you were crazy to spend so much especially with the virus, but wow; go you! Nice to see young man focused and making it happen.
Love to see somebody driven and determined, definitely rooting for you and your dream.
It's the internet where everyone always knows more than you and can do better theoretically. Do you boo 🤗
I owned and operated my home as a b& b for 13 years. Your doing great! Like you, I didn't pay myself and reinvested. It paid all overhead from nearly the beginning. It's such a flexible way to live.
Absolutely would. I shared the same with my tiny NYC studio. I love it. Setting up 1 tiny house in Sicily now and heading to Brazil next month to try and build one there.
@ENTP LIFE I subscribe to your channel 😀...can't wait to see what you do in Brazil.
@@Ubetterworkblog wow thanks! Brazil will be an interesting one.
I have to give it to you, your actually very smart to do this. Most tiny home owners end up losing a ton of money if they can even resell them. They are actually listed as trailers if they have wheels if you want to drive with them.
So honest question, how much is your net profit after paying taxes for the year? And how do you avoid bad/malicious residents?
James Sundance it would probably get a bit complicated if you have them in multiple states considering they have different tax rates
Annnnd property taxes
But realistically if this is money he is pulling down during a pandemic then taxes aint no thang in the long term
@@FOXMAN09 property taxes could be included in his mortgage as well
Even though it's pretty pricey for a tiny house, it's pretty much the nicest looking tiny house I've ever seen, and obviously it was worth it.
Can u talk more about the process of getting a loan or how you were able to afford this investment
Well the first step is to have millions of dollars or rich parents so you can afford to buy a $600k to $1m house in LA in your 20s with enough land to build a tiny house on
@@bfourney ....that's not how any of that works in the loan world.
PATRIOT 27 oh thanks for taking a break from reddit to explain how loans work without explaining how loans work videogame neckbeard with cringe at username
@@bfourney Do I really need to counter argue your description of needing millions of dollars to secure a 600k-1M dollar loan? Cuz if that's the case, you've never actually secured a loan for a home before in your life
@@bfourney this is a classic example of being financially uneducated
I designed & help build a tiny home on wheels in Kalispell MT which is 40 minutes west of Glacier National Park. It cost me $42,000 including everything. I lived in it for a full year to fully understand tiny home living it was awesome. I rented it out on Airbnb when I was away and grossed over $11,000 in less than 4 months and became a SuperHost. I believe Tiny homes are an awesome investment. I'm with you!
How do you hook up water to a tiny house? Flush the toilet and do laundry?
For those of us with low to no credit in low wage jobs the tiny house movement was about not having to have a mortgage and saving money for personal freedom. In other words this video is kinda depressing but congratulations on the profitability!
I get this a lot. Contrary to popular belief, I don't actually have to conform to your idea of the "tiny house movement" or anyone else's. I just have to conform to the ideas that I think will provide for me, my wife and my sweet baby Isla Rue. Thanks for watching!
@@Robuilt He's congratulating you and you're being prick in return. Why do you feel the need to be a douche bag?
@@jamescrud because he is a douche bag.
@@iamatestuser2 ...and he hearts my comment. Is this guy some kind of weird sociopath?
James Crud how was he being a douche bag? God you be are so bent
subbed and pumped, both of those ideas sound dope AF
Yes! This is the content I subbed for!! Thanks for being really transparent and open and congrats on the crazy growth of the channel and your business 😁 also in the middle of watching the video so you might address this already but if you could do a video on how you stay basically 100% occupied on Airbnb. Keep keep killing it. Oh and last edit it would be cool if you could talk about your relationship with your partner
Fascinating! Love the transparency!! Your editing skills are incredible!!
Please calculate how long it will take you to pay for each house. It’s not “profit” until you have earned more than the cost of the house
Do you understand how equity works
It’s profit if you have cash you can spend at the end of each month. Revenue > total expenses
@TheFlyingMonkey200 every payment you make on the house becomes your equity of ownership over the house. You can turn around and sell the house and profit what you put into it. Owning a home is the best investment
@@1ChristopherCampbell Most appreciation is from the land not the home itself. Would love to see how much putting a tiny home on an existing property's land would even affect appreciation. That's a big assumption though.
Superhost here from VT, love your channel! So glad I found it, congrats on your endeavor!
You have this system dialed-in. I’m doing something similar with travel nurses in Vegas. Looking for more tiny house development projects and will definitely use your channel for inspiration and guidance.
I liked the video... it hit home as I was in the trades and built tiny homes... Now im a gardner in San Diego, and I have one customer who does Airbnb and rents out his entire single family home... its a beautiful estate and tropical looking yard... and he lives in an apartment somewhere else in the area...
The first week working for him, it seemed like his Airbnb business was a dream job and would be kinda easy to handle... its now been 2 months since I started working for him and im there several days a week to see whats going on and it Definitely does not look easy anymore... i was told the owner is there almost daily plus he has an assistant...he deals with bookings, advertising, vacancy spells, complaints from guests, organizing cleanings, guests partying it up & damages which can be big $, meeting and dealing with all the repairmen and maintenance guys like myself. ,and thats not all the stuff he listed off when we spoke about his business...It now looks kinda like a nightmare and hectic to run... My question is if I build a tiny house with the intention of using it for Airbnb, should I build an extra room or build a small stand alone quarters on the property for someone to live and manage it for me? Should i charge rent for the live-in manager? I now know I dont want to take on all the work of being a motel operator... I magine most people wanting to try this have a full time job, and this would be side income... any advice is appreciated on how to lessen the load... thanks for reading
This is so freaking inspiring!! I’m looking for my lot to build a tiny house as we speak and was so unsure of it would be a profitable project.
Man, great content! You'll get to 100k subscribers before the end of the year 🙌
It's like when you live in a city like where I am (Seattle) or SF or NYC and you say how much rent is...and people from small mid-Western towns say..."Wow for that I could own a mansion here!" And I always say, "Yeah, but then I'd have to live THERE!" For me, it's more important to live where I want to live, even if it means a small, expensive apartment. Sometimes it's $$$ because it's in a prime location, or has safety features you wouldn't need in a Nebraska suburb, or it's super nicely finished and has a ton of amenities in the building. Having a small house in the desert makes sense, since it's easier to cool (and presumably to heat in the cold winter nights). And good quality materials, furnishings, and builders who know what they're doing all make sense.
Just did a $800,000 addition to a home here in Wisconsin. Not Petemtumba or whatever you said, but Whitefish Bay. Under $200,000 including land and everything sounds about right to me. Great video, thanks for the info!
Love this! The edits are fire too, so funny! My mom was LOLing at the mentos one :D
I'm really glad my "Freshmaker" reference resonated with someone. Not enough comments about this bit tbh. Tell your mom I say hi and thanks for watching.
I just turned 25 and I know I maturing because instead of watching cartoons or kdramas. I chose to watch this first 😆 lol I love the work you’ve done! I’ve been wanting to build a tiny house and rent it out on Airbnb as well. I want to use the revenue from my artwork to help that dream come true. I can’t wait to design the homes and decorate it with my work too 🖼 assets within assets ✨
Me - dang that’s a hella good price for that home!
People not from Cali - That’s way too much money for that home!
Cali problems
And NY problems!!! Brooklynite over here!
😭😑😩
Cali prices are over inflated like crazy
Yeah in other words just freaking stupid!! California...ponder the ridiculousness of that state!!
My wi ter: surf in the morning and hike in the snow in the afternoon #don'tbejelly
California is the worse state to do business in.
7.65% for interest? 😂 If you crunch the numbers, this guy will take forever to pay off his investment.
By then, California will be a dumpster from all the over-regulation.
Thanks for the transparency. Nice video well edited Looking forward to future content.
I think the people saying they could do it cheaper are just unrealistic. You'll always have extreme cases. But time and quality dictate cost.
Nice job.
This is something I’ve wanted to do since graduating college about 4 year ago. 2 issues:
- I live by and have taught Dave Ramsey’s principles. - Moral conflict
- I live in the very rural part of eastern KY where the realtor market is nonexistent. - Environmental factor.
Look forward to progressing in my career and maybe doing this with cash one day!
I live around LA also, I wanna do exactly this in the future! Thank you for making these videos! Please do the courses, 100% gonna have to take it if you do.
Awesome, glad to hear! Thanks for watching, Jermone!
I can see how this benefits someone who already owns their own home or has a low monthly mortgage but for people who have to also pay for both their personal home and the tiny home it would probably be close to just canceling each other out. That’s why it’s harder for most people to run an Airbnb while also running a second home thru Airbnb for a lot of people. But if someone can afford to do both then that’s awesome!
This is great info. It’s nice to see the comparison between an urbanized tiny home versus the rural/scenic one.
Would love to learn more about the process you had to go through to contract and build the Joshua Tree home.
Tiny homes can be pretty affordable to build if you have a background in construction, I'm a general contractor for a living. With that being said inexpensive is going to be $15,000 or more depending on the size and level of luxurious amenities that you use and we haven't even started talking about property of course. The home's you built do have custom home status and are going to be quite a bit more especially when considering the land values in California. They look good and I will say without a doubt you're one of the best designers I've seen in awhile. Wish you lived closer to Missouri I'm about to work on one and I'd love your input. Best of luck to you.
Hey Rob, thanks for all the transparency in how your Airbnb finances work! I'm totally impressed with the Airbnb empire you've built! I noticed you have units in Tennessee, Arizona, and California. Which was your first? Did you have your main residence in LA before you started investing in rental properties or did those properties enable you to buy your home in LA? Thanks again!
You are a smart young man with loads of personality and willpower. I wish I had this drive and Direction 20 years ago however it's not too late and I'm taking the steps to make this happen. The sky is the limit! Thank you for inspiring us and keep up the great work!
Strong work man. Tiny home definitely doesn't mean tiny expense. I've built a couple.
Nice man! Whereabout?
..my dude, I am inspired, lots of what you are already doing are things that I have relegated to the "todo or wish list" category. Perpetually putting it off and going for the sure thing. That has only slowed me down, time to put up or shut up, I'm in, thanks for the metaphorical boot in the bum!!
Why don’t you pull ur equity and buy more homes? I only do normal rentals but I have 10m in equity in 40m of buildings. My returns with leverage is around 14 coc and when u factor in appreciation and principal pay down I get around 25-30 percent yearly returns.
nice!
I thought the $165,000 was pretty good for the price! But once again I was born and raised in california lol. I saw you do an interview where you showed your lil home. Happy to see you have your own channel because you give out great info. I've always wanted to have a business and I want to do airbnb. Im not going to lie you've motivated me to start thinking about it being a possibility in 2021. I really think it would be successful. Im 45 mins from big bear and have my parents to help me out with it. If you do offer those courses I would definitely sign up for it! Thanks for all your wisdom man :)
13 people were butt hurt that they got called out
Came For the information- subscribed for your personality. This is awesome. Hell yeah dude.
Home run, as long as you continue to be able to do short stays.
100 bucks for a consultation, you are making more than 30% return of investment (while paying mortgage) you my friend are one smart money making machine. Thanks for your videos!
L.A. now doesn’t allow us to Airbnb ADUs built after 2017, even though the law was made in 2019. It’s dumb.
I really appreciate you being so transparent about all this and sharing this info
Please do both courses!!! ....and If not just let me know how to then
great video! love your sense of humor as well. subbed just because i want to see you follow your dreams over the next few years! good luck mate
I would love to know what you spend all together until you‘ve been able to put them on Airbnb. (furniture, the land, the house...)
BTW - is it our design? I love it ;D
I just recorded a video last night that gets into all the costs. Coming soon :) $165K is what it cost to build. I spent about $5500 to furnish the home. All in I spent $171,000! It is my design in collaboration with Shawn over at www.smallhousecatalog.com.
@@Robuilt Thanks for your reply! :)
I love your channel, I find it super helpful since most tiny house videos are people building in a cheaper states on their parents property and with no earthquake codes. They are often moblie which has differnt laws and they either barrow from family or save $ living with family. That's is a very privileged angle to come into a tiny house. Building in Sol. Ca is a whole other level of compexity. Your channel shows others ways of going about this. As a Los Angeles native it gives me insperation that I can do this here and have my net-zero dearm home and maybe an investment on the side. THANK YOU
No thank YOU for watching. I love comments like these. They make my day. I was really broke when I got started. So believe when I say, if I can do it, so can you.
The courses would definitely be interesting to me! If not, I would like to consult with you about how to do it!
Love your humor/video editing lol WILL CONTINUE to watch :) (subscribed)
Every time I see a nice house I could rent I just think "that's a lot of Chipotle burritos."
Every time I make a purchase, I ask myself "how many Chipotle burritos is this going to cost me?" If the CB exchange rate is too high, I don't buy.
I have never had tried a Chipotle! I guess I had to try it sometime
@@matthewrehkemper128 Its way too salty! Not my taste.
I was just wondering why I haven’t seen a video from you lately... and here you are. Always enjoyable.
Love your videos and how you have things set up. I'm a little confused though, you mention at 7:10 in the video that your gross revenue for August was $4700, but a few moments later in your spreadsheet, you show a gross revenue of $2583, which dollar amount is correct, or am I missing something? The other confusing thing is you are subtracting the cleaning expense from your profit, but you are passing the costs for cleaning to the people staying at your properties, so should that not be subtracted? Finally, you mention in the description below the video that you have 10 units total. Are those AirBnB as well and how well are those performing by comparison? Even if you are only making half the profit for the other units your net yearly profit must be in the low 6 figure range. Could you share a little or more about your other units? Thanks!
All good questions! Sorry for the ambiguity on the $4700 number. It was $4700 because that reservation was for 2 months. So I pro-rated that reservation for the month of August which is why it's set at $2583. Does that make sense?
I'm not subtracting the cleaning from my net profit, I am subtracting it from my gross profit. Only THEN can I determine my true net profit. But to address your question, I COULD have left it out because it truly doesn't matter as far as my expenses are concerned. However, in many of my other videos people ask "WHAT ABOUT CLEANING EXPENSES BRO WHY DIDN'T YOU TALK ABOUT CLEANING EXPENSES WHAT ARE YOU HIDING." So I added it into this video for that reason haha.
Yes, those 10 units are airbnb listings as well. Those other units are shared with partners, so it's a little tougher to break down profits on that. Regardless, I am planning on doing more content revolving those listings. If I talked about all of that in this video, then why would you ever come back to my channel?!
Robuilt I have 9 units but because of LA new short term rental ordinance I had to turn some to long term rental. How are u doing it all in Airbnb? Im assuming not all LA base.
wow u r very detailed and discerning cool
Summer winter is air b and b who takes vacation when school starts
I am grateful for your videos! They are informative and encouraging! The laughing part of the video is the laughing part!
Super interested in the courses, and in this investment model. I've been sitting on the same ideas for a while, but for some reason I am not brave enough to pull the trigger and start the process. I am glad I found your channel. Very helpful and encouraging.
Dude, this is awesome! Well done - very inspirational :) thank you for putting out such high-quality content.
Why you talk about the cost of your tiny house does that include the furnishing if the house too?
Probably not but those cost would be minor in comparison about 3-4k if buying everything new and even less if sourcing used furniture. This is talking from experience where I have furnished a similar sized studio and multiple projects.
Omg!!! I booked your Airbnb right as the pandemic stayed but never got to stay because we canceled our trip!!! Small world . Defly going to try and get into your la place again! Small world !!! I defly subscribing because I was sooo excited about being in a tiny home
silly question how do you keep from getting bed bugs in your houses does someone wash all the linens
We have decided to follow your lead and put in a tiny house on a lot that i have right on the lake. You have been so helpful!! Thank you! I subscribed last month but i went to check again to make sure and i had to push the subscriber button once again.
me.. watching this while living in wisconsin 😶
YOUR NEXT TO TWO MAJOR LAKES lol !!! I am SURE that people fish there lol !!!
I clean rentals in Wisconsin...people is making tons of money...
I'm eve thinking about getting in to it!🤑
This is the first video that I have ever watched of yours and I loved it! Please keep sharing!
Okay I'm going to say it. He is for sure giving me David Rose from 'Schitt's Creek' vibes. Ha ha
Ha ha.. I've been watching that show.. it cracks me up!
@@perezm714 It is a good show. 👏
The voice a little bit yeah lol. Hes definitely not as flamboyant though
@@brodelnaz Oh, not the flamboyance. His style and aesthetic mostly.
Ew David!
I need to start doing this!! I’m planing on buying a house next year and I’ve wanted to start an Airbnb host as soon as I get it and eventually do something like that!!! Gracias for the video! Drop the course soon man!!
How is this income taxed by the irs and the state, business income or personal?
Bruh. You have unlimited write offs when you have rental properties.
Very true. My tax bracket is at the 25% mark. But with write-offs, it's much less. However, keep in mind, when you try to write off everything...you make less on paper. So while you pay less in taxes, you are unable to actually finance any new property. This is something I've had to learn the hard way over the years. Taxes blow, but remember: If you're paying high taxes, it means you make a lot of money-it's a good problem to have.
@@Robuilt Exactly what I've been going through and trying to balance. I have six rental properties, and have written off so much that it looks like I can't afford a pot to piss in. No more financing until I spend the next two years showing how much money I actually make.
Robuilt so what’s the key? Not write off everything?
@@monicapenrod6500 Yeah basically. Keep your write-offs as realistic and true as possible. If you need to save the tax money, submit more write-offs (just keep in mind you'll pay for it somehow in a different way).
Your laugh toward the end of the video was genuinely awesome. I belly laughed along with you. good for you, thanks for sharing
I think this is why people buy tiny houses because it supposed to be cheaper than regular houses, isn't that the point?
That WAS the point but idk.
You have to compare it to the average housing cost in the area.
Yah I looked it up in Joshua Tree the average is $275k
Bro... Absolutely incredible... Thanks for sharing your knowledge dude, wishing you the best!
That number wasn't high at all! I have seen tiny houses on trailers that will not last too many years that cost more then that! Yours are slabbed. Only broke people have a problem with the amount. Their budgets can't relate!
True, the fact that it's slabbed means it's an appreciating asset too. Tiny homes on wheels are awesome, but they will ultimately be worth less money 30 years from now.
Robuilt I highly doubt they’ll make it 10 years let alone 30. Mold is a serious issue in those.
@@Robuilt where did you find a general contractor who specializes in building tiny homes in LA area?
Those who criticize your investment aren't familiar with the property and housing market in your area of the U.S., the recent increase in construction costs, what it costs to trick-out a tiny house, and that while a tiny house may be tiny--it still has all the expensive items a large house does--plumbing, septic, electric, utilities, kitchen, bath, etc. All the big ticket items that make houses expensive. Plus, you did a foundation build (totally different than an on-wheels deal), and it looks like you did a quality build. There's a part of the tiny house community for whom price matters over quality (and often doing it themselves which doesn't typically lend to the quality guest are looking for). And, they're often cutting costs by up-cycling, which not everyone has the time or knack for. For me, being somewhat familiar with the pricing in your area I thought, "Hey, that's a great price for land and a glamped tiny house..." Especially considering it's an investment that pays itself off quickly.
* People from countries with 20%+ mortgage interest rate have left the chat *
So true :(
Absolutely worth it - long term real estate is too expensive now. Build to rent is where it’s at.
Thanks for putting the info out there. I was really hyped when I first heard, that buying and renting out tiny homes could be a source of income to provide you forever with almost no administrative work. Sadly, here in Germany it is legally not allowed to have a house without water/electric piping. They forbode offgrid, so we can't be free. I liked my visits to the USA... Beautiful country and so many cool people, all with their own problems though, as well... But yeah, in Germany there's a lot of city planning and burocracy. Getting a permit for a tiny home was designed as hard as possible, so people stay in the slave work system. Affordable space? Bahaha, that's past days. Now with Corona, 5G and industry 4.0 the New World Order finally takes shape. Now I even need luck to get ONE tiny house to live in myself for the big apocalypse. But I guess a hole in the ground with a plastic bag over it does the trick for plebs like me. :)
Tiny House scene was attractive from the start, glad some of y'all made it big time. Hope you're doing alright in these times, God bless y'all.
*edit* Oh and it's illegal to drink rain water here :)
I love your story good for you man I have 3 rentals I want to get to 5 but mine are semi detached homes can you imagine getting to 10 tiny homes like this your already unstoppable I can’t wait to see your next one 🙂👍💪🏻🏡
Liked and commented because you're giving a discount to my fellow travel nurses. Thanks!
We teachers can use some affordable housing as well!
Teachers could definitely use a discount!
Travel nurses are the last people that need a discount. They make tens of thousands of dollars a month. I’d rather support the teachers!