No Vacancy The Podcast with Natalie Palmer 65. These 3 Hospitality Tips Will Change Your Whole Hosting Game - Interview with Brindy Bringhurst
16 snips
Jul 12, 2023 AI Snips
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Episode notes
Protect Yourself When Doing Rental Arbitrage
- Avoid treating rental arbitrage as low-risk; keep cash reserves for slow months because you remain liable for rent and utilities.
- Brindy cites a condo with $35k gross bookings but variable monthly profit and summer saturation risks.
Phoenix Condo Case Study Shows Variable Returns
- Anecdote: Brindy's Phoenix one-bedroom made $35k gross year one and about $13k profit after fees, roughly $1k/month.
- She spent about $5k setting it up using personal furniture; later years averaged ~$650–700/month.
Grow With Co-Hosting But Earn Experience First
- Do pursue co-hosting to earn revenue without capital and avoid downside risk of ownership or arbitrage.
- Brindy warns you need credible experience to land first co-host deals and to work your network for referrals.