Property Rentals

Property Rentals Success Stories [2024]

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Updated: September 6th, 2024

Own a property or considering an investment in real estate? Think property rentals. This business involves leasing out your property on a short-term or long-term basis to generate consistent income.

Filming seasonal rentals or managing multi-year leases, you get to tap into various market segments—from vacationers to long-term tenants. With platforms like Airbnb and Zillow, listing and managing your property has never been more streamlined.

The appeal? It offers a tangible asset that appreciates over time while giving you a passive income stream. Unlike high-risk ventures, property rentals provide both stability and growth potential.

It’s about creating desirable living spaces, maintaining property standards, and ensuring a good tenant experience. This business isn’t without its challenges, like maintenance responsibilities and tenant management, but it’s deeply rewarding for those willing to put in the work.

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

1. Livit ($600K/year)

Lavinia and her business partner Michael Bodekaer, tired of the traditional 9-to-5 grind, set up Livit in Bali as a co-living community for founders. By evolving it into a support ecosystem over six years, they've inspired and empowered 750+ entrepreneurs, scaling multiple startups to 100+ team members and generating $50K monthly.

How much money it makes: $600K/year
How much did it cost to start: $10K
How many people on the team: 24

How We Helped 750 Entrepreneurs & Remote Workers To Build Their Businesses

Livit International, a support ecosystem and service provider for startups and scale-ups in Bali, has enabled 750+ entrepreneurs to build disruptive businesses with a global impact through its coworking spaces, innovation and event spaces, HR and Strategic Business Partner services, tech and non-tech recruitment, remote work education, and business support services.

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2. 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.

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Read by 7,977 founders