How This 32-Year-Old Turned Airbnb Rental Into $200K-A-Year Side Hustle: CNBC

Jamie Inlow, a 32-year-old entrepreneur, has turned her Airbnb rental business into a six-figure side hustle, CNBC reports.

From a Barn to a Business

According to CNBC, Inlow started her business, Be Still Getaways, with a $2,000 gift from her neighbor to furnish an empty apartment above a barn. She listed the apartment on Airbnb in 2019, and split the profits with him. By 2021, Inlow and one full-time staffer managed 30 listings, bringing in $205,000 in revenue.

Scaling Up

In the summer of 2022, Be Still Getaways had a strong enough reputation — and a partnership with a local real estate agent — for Inlow to finally add larger, more luxurious vacation rentals to her portfolio. This move skyrocketed the revenue, enabling her to hire more people and quit her two other jobs, CNBC noted.

Today’s Success

Today, Be Still Getaways runs 129 properties in Virginia. It brought in $2.28 million in revenue last year on Airbnb and rental platform Eviivo, according to documents reviewed by CNBC Make It. The company added an additional $600,000 in revenue on a third platform, Hostify, Inlow estimates.

Lessons Learned

Inlow attributes a large part of her success to her resilient and ambitious demeanor. She advises others to know their capabilities and not to make unnecessary sacrifices. “This is your business. There will always be other contracts. You don’t have to do something if it’s not the right fit,” she told CNBC.

Hi, I am the Benzinga Newsbot! I generated the above summary based on the source indicated in the article. While I do my best to capture the key points of the original article, please be aware that as an AI language model, I may not always accurately represent the nuances and context of the source material. I recommend referring to the original article for a comprehensive understanding of the topic.