$120K/Year from One Short-Term Rental with This "Secret" Amenity

$120K/Year from One Short-Term Rental with This “Secret” Amenity

If you want your rental property to succeed, you’ve got to give people a reason to keep coming back. That’s exactly what today’s guest is doing—creating a one-of-one experience that people can’t get anywhere else. It’s what keeps his property booked year-round!

Welcome back to the “Real Estate Rookie” podcast! Just three years ago, Chase Charifa bought his first rental property—a black, mid-century cabin tucked away in Big Bear, California. By engaging each of the guest’s five senses and adding intrigue with a “secret” amenity, Chase and his wife, April, have created an unforgettable guest experience that allows them to stand out in their market. As a result, this short-term rental brings in about $120,000 per year!

But that’s not all. Since launching his Airbnb, Chase has taken on another four rentals, three new construction projects, and a parcel of land. How has Chase been able to scale his portfolio in only a few years? In this episode, he shares how he was able to fund several deals using creative financing and smart tax strategies. He also talks about the huge opportunity that exists with real estate development. You’ll learn how to find land, get approved for a construction loan, and build your own development team!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Protecting Your Future in Short-Term Rentals: It Starts By Providing a Powerful Guest Experience:
https://www.biggerpockets.com/blog/the-future-of-short-term-rentals-rests-in-the-guest-experience?utm_source=youtube&utm_medium=description&utm_campaign=none
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The “Luxury” Rental Property That Brings in $150K/Year of Pure Profit:
https://www.biggerpockets.com/blog/rookie-384?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Start an Airbnb Business in a Brand New Market:
https://www.biggerpockets.com/blog/rookie-363?utm_source=youtube&utm_medium=description&utm_campaign=none
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$11,000/Month with One VERY Unique Rental Property:
https://www.biggerpockets.com/blog/rookie-289?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Chase:
BiggerPockets: https://www.biggerpockets.com/users/chasec158?utm_source=youtube&utm_medium=description&utm_campaign=none
Facebook: https://www.facebook.com/chase.charifa
Instagrams:
@lightfootcabin or https://www.instagram.com/lightfootcabin/
@janchasecharifa or https://www.instagram.com/janchasecharifa/
LinkedIn: https://www.linkedin.com/in/janchase-charifa-73aa1357/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://link.chtbl.com/Rookie

00:00 Intro

01:10 Creating “Sensory” Stays

11:14 Numbers on Lightfoot Cabin

14:57 FREE Airbnb Marketing?!

20:05 Partnering with Your Spouse

25:15 How to Scale in Real Estate

33:07 Numbers on the Kentucky Property

38:40 Chase’s “Superpowers” & Building a Team

42:30 Connect with Chase!


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