A mum has shared how she turned her Airbnb side business into a £1.7million business.
Jamie Inlow’s booming business started in 2019 with a gift from her neighbor.
The 36-year-old was chatting with her neighbor about his disused barn in Scottsville, Virginia, when she had the brilliant idea of turning it into an Airbnb.
She told him if she gave him £1,530 ($2,000) she would convert the upstairs space into an apartment – and they would share the profits from the rental.
she used Facebook Marketplace handled setting up the space and started her own company called Be Still Getaways to manage the listing.
When it started getting crowded, Inlow and her neighbor joined forces to create another offering.
To keep up the success, she found another partner for a third rental – and split the profits the same way.
In 2021, after the company had grown to 30 listings, the company had a turnover of £157,224 ($205,000) – and Jamie paid himself (£7,627) $10,000.
Today, the company operates 129 properties in Virginia – and had sales of £1.7 million ($2.28 million) last year.
Jamie told CNBC: “A big part of my success is my behavior. I consider myself an incredibly resilient and ambitious person. It may seem like hyper fixation, but if I decide to do something, I will do it.
“It’s one of my favorite things about myself. I will keep trying to figure things out until they succeed. It’s not easy for me to walk away from anything.
She added: “There is a great need for property managers for short term rentals. So if you want to do it, do it.”
It comes as another woman built a tiny house at the end of her yard and turned it into a “very lucrative” side hustle.
Gill, a nearly retired Australian, has designed her own lovely house on wheels, which always fills up with people wanting a taste of tiny house living.
Close to the sea and surrounded by stunning vineyard scenery, Gill invested £70,000 to build a tiny house that he was able to rent out through AirBnb.
The property now brings in a handsome profit for the owner, who describes it as a “very lucrative” part-time job for her.