Isabelle Guarino
๐ค SpeakerAppearances Over Time
Podcast Appearances
So let's call it $6,000 a month, $6,000 times 10 residents, $60,000 coming in.
Your mortgage these days to get a nice home like that, it's going to cost you $10,000, right?
Easily.
Okay.
Because if you're getting a large home and you're renovating it and whatever the case is, it's going to cost you like $40,000 a month to run a 10-bed home, a very average 10-bed home.
So you're caregivers, right?
Insanely expensive.
Okay.
Food, activities, cable, utilities, internet, just everything.
Throw it all in there.
Liability, insurance, whatever.
That one home still bringing you in $10,000 a month.
So it's a really interesting way to take a home that maybe was an Airbnb before and Airbnb is being kicked out of your city or they're making it impossible for the owners.
Yeah.
Or you just have a nicer, larger home in a good part of town and you're like, hey, I put one family in here and I make 500 bucks a month.
I want to leverage this.
I want to utilize this real estate for something that actually...
Yes.
Yeah.
Yeah.