Rental Apartments

Rental Apartments Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Renting out apartments is a solid business idea with substantial potential. In essence, you acquire residential properties, lease them out to tenants, and manage rental income.

The appeal lies in the steady, recurring revenue stream, as renting is a fundamental need. You can start with a single property and gradually scale up as your finances and expertise grow.

However, it’s important to note that it’s not just a hands-off investment; it involves property management, tenant relations, and maintenance. Your success hinges on careful location selection, market analysis, and effective tenant screening.

If you’re looking to build a robust portfolio over time while providing housing solutions, this venture offers both stability and room for growth. It’s a business that promises long-term benefits if you’re prepared for the commitment it demands.

In this list, you'll find real-world rental apartments success stories and very profitable examples of starting a rental apartments that makes money.

1. Cardiff Vacations ($150K/year)

Julio and Alison Sanchez came up with the idea for their vacation rental business, Cardiff Vacations, after inheriting properties from Alison's parents. They decided to remodel the properties and rent them as vacation rentals to share the beauty of their beach homes with people from all over the world. With an average revenue of $50k per year and property, they continue to focus on their online presence and targeted marketing strategies to attract more guests.

How much money it makes: $150K/year
How much did it cost to start: $30K
How many people on the team: 12

How We Started A $12K/Month Beachside Vacation Rental Business

This case study explores how a couple turned their childhood homes into vacation rentals, welcoming around 3k guests annually and generating an average revenue of $50k per year and property by focusing on a strong online presence and organic traffic.

Read this case study

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