In episode 8, we interview Benedict Nkosi who is on a mission to retire by the age of 35.
He plans to do this through his property portfolio.
Benedict has 4 investment properties but the one property that really fascinated us was his AirBnB property.
He shared how he bought an underpriced property, converted into a multilet and then started renting out each unit as a separate unit on AirBnB rental and through this he makes a rental profit of R18, 000/$1,800.
Benedict shared the challenges of investing in AirBnB and how it differs from long term rentals.
We also learned about various zoning and legal issues to watch for when embarking on AirBnB rentals.
Self catering short term rentals are definitely in demand, now that millenials have caught the travel bug, so AirBnB presents a great opportunity for real estate investors.
Check out Benedict's blog at this link: http://Sixtyfive.co.za/blog
Also check out his AirBnB profile here: https://www.airbnb.com/users/show/108809095
Episode 132: What happens when someone owes you money and won’t pay
Episode 131: Creating financial freedom with real estate in Botswana
Episode 130: Growing a coffee brand throughout South Africa
Episode 129: Building student accommodation in the township
Episode 128: A fintech company that helps you go from first time homebuyer to property investor
Bonus Episode: The most common property investing questions with PropDocMom
Episode 127: Building a real estate portfolio through intuition and ancestral wisdom
Episode 126: Understanding your why when investing in property
Episode 125: Talking to the author of “Stokvels - How they can make your money work for you”
Episode 124: From sourcing deals for investors to investing in multi-lets
Bonus Episode: How to determine if a property is profitable or a good investment
Episode 123: How to earn passive income with short-term rentals as a full-time employee
Episode 122: How to make R27,000 (US$1,695) per month on your first property flip
Bonus Episode: Make 17% ROI per annum in your next property deal
Episode 120 (repost): From Being a Creative to making R100k (US$6500) in his first real estate deal
Episode 121: Buying your first property at 21
Episode 119: How to make a fortune developing low-income housing in South Africa
Episode 118: Making US$2,000 - US$4,000 a month with a guest house in Botswana
Episode 117: Using multiple strategies to build your real estate portfolio
Episode 116: How to own property in Rwanda
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