Search
  • Carla & Conner

How we Made a Million Dollar Business with $3,000!?

This is our personal story on how we combined forces to turn $3,000 into a profitable and successful million dollar vacation rental management business!



How we Made a Million Dollar Business with $3,000!?


Welcome to the video. Ever wonder how we got our start? Well this is our personal story on how we combined forces to turn $3,000 into a profitable and successful million dollar vacation rental management business! We didn't start with much and it took a lot of time and sacrifice but here is how we did it! YouTube Link: https://youtu.be/_-FbG-TKBms

 

How we Made a Million Dollar Business with $3,000!?



In the beginning

- Previously Saved $1500 each to get started

- Found a property with a willing landlord that would let us short-term rent

- Roughly 1K for deposit and First month rent

- Roughly 2K for Furnishing!

- Found all of the free furniture and supplies we could!

- Did our best to DIY all of the furniture

- Took photos, created the listing and started hosting guests

- Did everything ourselves

- Move

- Paint

- Clean etc...


Profit

- First property profited about 1-2K a month

- Used all of profits and SAVED to help get next properties

- We both had jobs when we started

- Didn’t take any income from the business for the first roughly 6 months


Next Properties

- After we learned our abilities we found other properties smaller scale similar properties

with similar start up costs and profits...

- Got second property within 30 days

- Used profits from last and still used some of our own money

- Got third property 30 days after that

- Used all profits and didn’t use any of our own money

- Grew organically after that

- Able to get larger scale properties making more money costing more money

- Started paying ourselves for cleaning after about 4-6 months

- $750 A MONTH EACH


Further Growth

- Kept getting more and more properties, larger scale, more money

- Both moved full-time

- Took more money but NOT MUCH barely enough to live on


Cleaning

- Started spending all time cleaning and thought be better investment to find a cleaner and

spend time finding more properties


Million dollar company doesn’t mean million dollar man!

- Although we have expanded doesn’t mean we each take home millions every year

- We still take VERY VERY little money from business

- Putting all profits towards future growth


Have expanded but kept a small core

- Still basically just us

- Have cleaners

- Handy men

- Help from friends and family

- Accountant

- Homeowners

- Real Estate Investors

- Keeping us in full control of the growth!


TAKES SACRIFICE AND TIME

- Constantly evolving and changing

- Takes a lot of time and patience

 

Join Us Next Week


Welcome to the Carla & Conner YouTube Channel! We will be coming out with new videos EVERY Wednesday & Friday! We will be giving you a behind the scene's look at running airbnb properties, business and real estate investing advise, how we do everything budget friendly and how we get along as a mother-son business.


Subscribe to our channel below:

YouTube.com/CarlaAndConner


"Vacant to Vacation" podcast on Soundcloud at https://soundcloud.com/CarlaAndConner or Apple Podcasts https://podcasts.apple.com/us/podcast/vacant-to-vacation/id1471437962


Follow us on Social Media:

YouTube.com/CarlaAndConner

Facebook.com/CarlaAndConner

Instagram.com/CarlaAndConner

Twitter.com/CarlaAndConner

Soundcloud.com/CarlaAndConner

CarlaAndConner.com


Carla & Conner are the mother-son real estate and design duo. They are coming clean about all of the dirty secrets airbnb hosts don't want you to know. From real estate investing, finance, business to interior design and budget friendly hacks! Carla & Conner will upload new exciting videos every week.