Ideas to scale up from a single vacation rental bringing over $26,000/month

[Anonymous]

Anonymous wrote:

Anonymous wrote:
This last phrase is evidence you are lying. I have a website for my own rentals and at best 1-2 bookings a year come through google search or Facebook. Airbnb/vrbo is 95%. Unless you are Hilton you won’t attract much traffic to a new single vacation rental site.

Do you also spend $50/day advertising your website across Google, Facebook, Instagram, TikTok, YouTube?

Do you also run last-minute 40% off deals for unsold nights to over 15,000 social media followers?

Do you also have a cheaper rate on your website vs 3rd party platforms?

Do you also have over 10 quality backlinks from various bloggers, influencers, and non-profits?

Does your website also rank in top 10 in google for specific queries in your area that have over 500 in search volume?

etc

But I hear you, since most of this will only work with a unique property.

DP. As a cheapass, I always look to see if the Airbob, Vrbo property owner I'm looking to rent from has their own website. If they do, I rent directly from them. Definitely works out cheaper, even with insurance, everytime.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:if you scale up, it will not be unique anymore

Yeah... In our best-case scenario, we scale as quickly as possible to get to 100 of those structures (1-5 per state), then package up this $30m/year 80% profitable business and sell to investors for $200m before competitors copy us too much and lower prices. I would give this scenario a 2% chance of actually happening, but we will do everything possible to get there

So far it seems like private investors are the best next step.

how much of the potential $200m do you think the private investors will require?

If we give up half the company now (49%) for a $4m investment - it will give us 6 new structures in 12 months. Then, we can refinance all 7 with a business appraisal that takes the profits into account. Ideally, that ($5m) + income from 7 ($2m) would give us enough to do another set of 10-12 new properties, without further dilution. Rinse & repeat. So 1 -> 7 -> 18 -> 40 -> 86 -> 150+ = sell
Obviously wishful thinking, rosy glasses, etc. But it's not in the realm of the impossible.

Good luck OP! I see that you have the temperament and mindset to be successful in the way you respond to some of the a-hole comments on this thread. You will get there.

[Anonymous]

Please keep us posted of your success!

[Anonymous]

Anonymous wrote:

Anonymous wrote:My guess is it’s a tiny house or yurt or treehouse.

those don't cost $500k to make.

The land purchase or long term lease might havw.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
This last phrase is evidence you are lying. I have a website for my own rentals and at best 1-2 bookings a year come through google search or Facebook. Airbnb/vrbo is 95%. Unless you are Hilton you won’t attract much traffic to a new single vacation rental site.

Do you also spend $50/day advertising your website across Google, Facebook, Instagram, TikTok, YouTube?

Do you also run last-minute 40% off deals for unsold nights to over 15,000 social media followers?

Do you also have a cheaper rate on your website vs 3rd party platforms?

Do you also have over 10 quality backlinks from various bloggers, influencers, and non-profits?

Does your website also rank in top 10 in google for specific queries in your area that have over 500 in search volume?

etc

But I hear you, since most of this will only work with a unique property.

DP. As a cheapass, I always look to see if the Airbob, Vrbo property owner I'm looking to rent from has their own website. If they do, I rent directly from them. Definitely works out cheaper, even with insurance, everytime.

It means that airbnb/vrbo provided you the original lead, not the owner's website. You wouldn't have even found it yourself on google! It proves large platforms like this save huge transactional costs on advertising, which otherwise would be impossible for property owners to organize