Nick Wallington

12/06/2024

You don’t need to break the bank to set up your Airbnb properties and grow your property portfolio!

Whether you’re using a rent-to-rent strategy or buying your own places, the key is the same: look for properties that don’t need major renovations and can be easily reconfigured to add more sleeping space.

All things being equal – more sleeping spaces means more revenue! 🛏💲💲🛏💲💲

Here’s an example where we recently bought a large apartment with underutilised space and turned it into two separate apartments.

It was a pretty simple conversion without any structural changes.

This just goes to show that you can add value without going overboard on expenses.

We closed in the two unused balconies to create a kitchen and bedroom.

This simple conversion created enough space to turn one unit into two, almost doubling our income for the property.

That’s the art of development at its best!

When you’re just starting out on your property development journey, it’s best to start small.

You’ll WILL make mistakes, but small mistakes are easier to bounce back from than big ones.

As your hosting revenue increases, drive that income back into renting or buying your next short-term rental property.

Before you know it, you’ll have a property portfolio to be proud of.🏠🏠🏠🏠

Give us a 🙌 if you’ve already started your property development adventure, we’d love to hear your stories.

10/06/2024

When starting your property development journey, remember to always utilize space!

Here we’re converting one old large room into two separate apartments by adding a floor where the ceiling used to be.

Before purchasing the property, I checked the planning regulations and the height.

It was perfect for easily adding an additional floor to double the floor space and essentially double the value.

It’s these strategies and tactics that will make you or break you.

Always look for the hidden potential a property may have!

Keep following us to see how this one turns out 😉

06/06/2024

We all screw up from time to time, even with decades of experience.

Never be afraid to make mistakes, that’s just part of learning and growing.

Here the floor installer installed the heating under the foam insulation instead of on top.

It overheated and caught fire.

Even though he was contracted to install the heating and the floor, I take full responsibility because I was the project manager.

Somehow, I missed this. 🤭

It was an expensive lesson. 💲💲💲

But remember, we only fail when we don’t try or give up.

Everything else is a valuable learning lesson.

06/06/2024

We are so lucky. Mummy does everything with love ❤️❤️❤️. She even adds little hearts to our breakfast before she hits the gym. We love you mummy 😘

05/06/2024

I love sharing our journey to hosting success.

The highs, the lows, the screw-ups and of course the learning lessons.

Levelling the floor in one of our Airbnb properties.

We used what’s called a dry pack method to keep the weight down as much as possible because the shop beneath was in operation, so we couldn’t add structural beams to the floor.

Our strategy is always to find those properties we can negotiate down on price and that usually means they require more work.

This can work for you or against you depending on your expertise in building.

Lucky for us I have more than 30 years, so it makes sense for me to buy cheaper properties that have huge upside potential.

As you can see, I enjoy getting deep into the renovations. 😄😄

26/05/2024

You don’t need to spend 1,000’s of $$$ furnishing your Airbnb to attract the right guests!

You just need to add YOU!

Be personal.

Be quirky.

Be fun.

Guests love this and these types of décors really stand out in your listing pics, which also works towards attracting your ideal guest.

23/05/2024

Hey there! 🖐

Want to give your guests a reason to leave you a raving review before they even vacate your home?

Here’s the secret:

Create unforgettable first impressions with simple, heartfelt gestures!

Picture this...

Your guests arrive and find a warm welcome message waiting for them.

Maybe there’s a basket with local treats, or chocolates and water next to the bed.

These little touches set the mood and show them you genuinely care about their stay.

Here’s where the magic happens...

We’ve seen over an 80% response rate from guests who are so touched, they leave us a thank-you message on our welcome board.

And the best part?

Our 5-star ratings have shot through the roof!

So, give your guests a reason to rave about you.

Start adding these thoughtful gestures and watch your reviews and ratings soar! 🌟🌟🌟🌟🌟

22/05/2024

Still on the fence on starting your STR (short term rental)?
🌞 Did you know that summer is the peak season for STR (Short-Term Rental) businesses and hands down the best time to start? 🌞

✨ “STR business peak during the summer months.”
✨ “The summer months bring in the most revenue.”
✨ “Starting your Airbnb in high season helps guarantee a successful start.”

We’ve witnessed remarkable growth during the summer months, and the same goes for our clients. Their businesses have exploded, taking full advantage of the high season’s opportunities.

21/05/2024

Having a limited concierge service is an excellent way to satisfy your guests’ needs and ensure those 5-star reviews.
It’s not enough today to simply rent your space to guests.
Guests want more!
They want that personal, home feel combined with that hotel standard.
A limited concierge service is a great way to achieve this.

03/05/2024

Set your standards and stick to them!!!

01/05/2024

30/04/2024

***Less than two years from broke to buying our first Airbnb property***

It started with our tiny studio we lived in, then a whole property we rented specifically for short term rentals.

We turned that rent-to-rent strategy into a thriving and profitable business.

Within two years we purchased our first Airbnb.

It was just a 24 square meter dump, but that worked to our favour; we redesigned it the way we wanted. Within 3 months, we had a fully refurbished and paid for studio ready to host guests in, and a studio that we doubled in value!

Today we have our own property portfolio that spans Europe.

Some of our properties are rented long term but most we still host guests in.

The best part, we’ve now handed everything over to a trained manager, so our income is essentially passive.

Our time is ours to focus on other businesses and enjoy life.

Anyone can follow the roadmap and achieve the same.