Greg Testimonial

Introduction

  • Started with Chi a year ago with no properties.

  • Currently owns 5 properties and on track to achieve a net profit of $200,000 this year.

  • Revenue in the past year was substantial, with expectations for growth in the future.

Yearly Performance

  • 2021 Performance:

    • 5 properties leading to a net profit of $200,000.

    • Anticipated increased profits with the addition of 2 more properties recently acquired.

Support from Chi

  • Chi provided crucial guidance on property selection, alleviating fears of making unprofitable investments.

  • Continuous support throughout the year, addressing questions and concerns regarding property management.

  • Developed confidence in assessing potential properties.

Future Projections

  • Expectation to double figures in the upcoming year due to increases in travel and tourism.

  • Projecting a net income of around $400,000 with current properties and additional acquisitions.

  • Aiming to acquire 1 or 2 more properties.

Operational Insights

  • Current operations are largely hands-off, thanks to systems and assistance implemented.

  • Initial stages involved more work but have streamlined process over time.

  • Active work primarily involves sourcing new properties.

Personal Benefits

  • Achieved freedom to travel and visit family due to the nature of the business.

  • Ongoing availability of Chi as a support resource is reassuring.

  • Enjoying a profitable and manageable business model.

Financial Breakdown of Properties

  • Property Revenue Insights:

    • Rent and revenue from specific properties detailed:

      • Rent: 5,600, Revenue: 8,000 (post-peak season).

      • Long-term booking revenue: 6,186.

      • For November: Rental income of 8,500 with expected revenue of 6,000 to 7,000.

  • Positive performance even in low season.

Recommendations for New Investors

  • Tips for new Airbnb hosts:

    • First property may be the hardest due to the learning curve and uncertainties.

    • Importance of a robust support system, especially from experienced mentors.

  • Chi's coaching highly recommended for guidance, reassurance, and avoiding initial mistakes.

  • Emphasized that anyone can undertake this venture with the right attitude and support.

Conclusion

  • One year in Airbnb hosting with substantial profits.

  • Anticipation for continued growth and success in the future.

  • Strong endorsement of Chi's coaching, citing it as a critical component to success in property investments.