02/12/2025
Can’t wait to show off the final product, but .house.rentals is making some big upgrades to one of their properties! This property has cash flowed about $40-50k/yr since we bought it in 2021, but we have seen our rates taking quite a hit and we are struggling to deliver on the inly thing that REALLY matters…
🤡GUEST EXPERIENCE🤡
We did pretty well on revenue last year, and alot of folks would be doing nothing if they saw our numbers, but I know we are falling behind! In the end, I know that there are far more competitive homes on the market now that are doing an equal or better job.
That, combined with 3 years of 🏚️ wear and tear on the property has caught up with us!
💸Instead of selling the house and telling everybody that airbnb is ☠️ , I’ve looked at ways to enhance the guest experience at the property! Recent reviews have highlighted that the backyard no longer gives off the paradise vibes that it once did, so we are changing that!
+ Playground for kids
+ Firepit area
+ Legit putt putt course
This investment should help us gain back market share! I’ll share final numbers when we are done, but I expect to break even on this reinvestment, just from cash flow, in 18 months or so! This ignores the fact that it potentially makes the home more valuable for resale!
Evaluate amenities like anything else….the good ones are worth it!
