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 Ep 588 of The Side Hustle Show to:
Full Show Notes: Rental Arbitrage: $700k Renting Out Other People's Properties
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625: Getting Paid to Rent Out Other People’s Stuff
624: The 10 Most Profitable Side Hustles
623: Active vs. Passive Income
622: $1k/Month Per Client: The Case For Starting a Niche Virtual Assistant Service
GH: Workshop Marketing: Fast-Track Your Business w/ Virtual “Lunch and Learn” Events Live Workshops
621: How to Make Money on YouTube with AI Video Tools
620: 9 Rules to Scale Any Side Hustle
619: $100/hr Organizing Other People’s Pictures
618: 7 Questions to Ask Before You Quit Your Job
617: Scaling to a 7-Figure Sale: Affiliate Marketing Beyond SEO
GH: Hiring Your First Virtual Assistant: When, Where, and How to Do it Right
616: Lifestyle Creep, Luck, and Why Every Podcast Guest Has an Online Course: Q&A w/ Nick
615: Local Newsletters: $200k from 18k subscribers
614: Scaling a Local Service Business: Multi 6-Figures in Pet Waste Removal
GH: Best Dad Advice: 10 Life and Business Lessons from Dad
613: 14 Income Producing Assets
GH: Should I Start a Freelance Business or Build an Agency? Side Hustle Showdown
612: 10 Ways to Make Your Side Hustle Feel “Real”
611: The 6-Figure Video Game Mom
610: How a Teenager Built and Sold a 6-Figure Lawn Care Business
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