The Side Hustle Show - Full Episodes - Rental Arbitrage: How I Made $700k Last Year Renting Out Other People’s Properties.

👉Making money in real estate typically requires owning the property, right? Coming up with a large down payment, securing financing, dealing with tenants, handling maintenance and repairs. The barriers to entry aren’t exactly low. But what if you could skip all that and still bring in serious cash flow by renting out apartments and homes without buying them? When Richie Matthews and his wife were looking to supplement their seasonal events business in late 2019, rental arbitrage seemed like an ideal side hustle. Little did they know that just a few months later, that tiny side hustle would quickly scale into a business managing 60 units and generating over $2.5 million in revenue and $700k in profits. He now runs his company, iStayUSA.com. Tune in to Episode 588 of The Side Hustle Show learn how to: **Test unfamiliar models with tiny experiments before going “all in” **Identify profitable properties to rent (and get approval from landlords) **Build scalable systems and processes **Diversify marketing channels and revenue streams IMPORTANT LINKS AND RESOURCES: ** If you make a purchase through my links, I may receive compensation. ** 👉 Full Show Notes and Text Summary: https://www.sidehustlenation.com/renting-out-other-peoples-properties/ 👉 iStayUSA.com: https://istayusa.com/ 👉 Airbnb: https://www.sidehustlenation.com/airbnb-experiences/ 👉 AirDNA: https://www.airdna.co/ 👉 Mashvisor: https://www.mashvisor.com/ 👉 Minut: https://www.minut.com/ 👉 Vrbo: https://www.vrbo.com/ 👉 Furnished Finder: https://www.furnishedfinder.com/ 👉 Hello Landing: https://www.hellolanding.com/ 👉 PriceLabs: https://hello.pricelabs.co/ 👉 Expedia: https://www.expedia.com/ 👉 Booking: https://www.booking.com/ 👉 Hospitable: https://hospitable.com/ 👉 Guesty: https://www.guesty.com/ 👉 Creative Airbnb with Richie Matthews Facebook group: https://www.facebook.com/groups/7figureairbnb/ 👉 Real Estate Side Hustles Video: https://youtu.be/MC4_sSe7tI0 👉 More Real Estate Side Hustles: https://www.sidehustlenation.com/real-estate-side-hustles/ ✅ LIKE MAKING MORE MONEY? SUBSCRIBE ON YOUTUBE: https://www.youtube.com/channel/UC3s_IPVt9XiAVrFHAPmNLBg?sub... YOU MIGHT ALSO LIKE: 💸 How to Start a Litter Pick-Up Business: https://youtu.be/FRmqirQij84 💸 How to Get Out of the Rat Race: https://youtu.be/tHZBNXRoxmo 💸 5 Real Ways to Get Free Money: https://youtu.be/675Ur1S05t4 SUBSCRIBE TO THE SIDE HUSTLE SHOW: 📲 Apple Podcasts: https://www.sidehustlenation.com/itunes 📲 Spotify: https://www.sidehustlenation.com/spotify 99 MORE SIDE HUSTLE IDEAS: 💡 https://www.sidehustlenation.com/ideas/ Thanks so much for tuning in!