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 99: What happens when one discovers that property investing is not for you
Episode 98: Building a property portfolio using predominantly cash
Episode 97: Growing a property portfolio using different investment strategies
Episode 96: How to build an international property portfolio as an African
Episode 95: How Commercial Property Management is being changed by Covid
Episode 94: Life- changing lessons for building a successful property investment portfolio
Episode 93: How to ensure that the wealth you build through real estate is passed down from generation to generation
Episode 92: How to build 21 units in 2 years using other people‘s money
Episode 90: Formalizing & digitizing the back room market in South Africa
Episode 89: How to grow a property from scratch during the pandemic
Episode 88: How home staging can help you sell/rent your property faster
Episode 87: Identifying real estate investment opportunities in Nigeria
Episode 86: How to improve your credit score & grow your portfolio with bank money
Episode 85: How to accelerate the growth of your portfolio by buying properties cash
Episode 84: How to invest for appreciation and cashflow
Episode 83: Building a profitable portfolio of 12 short term rentals at the age of 23
Bonus Episode: How to own property in South Africa without Bank Funding
Episode 82: How to make money from flipping houses as a newbie property investor
Episode 81: Understanding additional costs in buying property & what makes a property a good buy
Episode 80: How the podcast has turned ordinary folk into Property Magicians - a chat with our listeners
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