AirBnB Rental Cabin - My Top Tips on Economics of Vacation Rentals | Short term rentals

[@BradSimmons]

If you want to support the channel, please share this video to increase its reach. It would really help us out, and it motivates Brad to make more videos. Thank you so much it really means a lot.

[@lorrieleaver2447]

I saw part of this video and forgot to like and comment at the time. You really are an extraordinary man who loves to share knowledge of Kentucky and property to your ever increasing audience. I started buying property in my early 20s and never looked back. It became a passion and, although I had another business I found it was an excitement I couldn’t resist. I don’t want to brag about money but I became self sufficient by the time I was 30 and never needed to work again. I’m not the type of person that can just sit on my derrière and do nothing so I continued to dabble. Cancer came along and stole more than 10 years of my life so I had to take time out. It’s time to move forward and due to you and your family of workers I’m coming over to Kentucky to see what I can do. I believe with all my heart that buying property and land is easier than most people think. You are motivating your followers to do just this and I applaud your generosity. Thank you for your dedication and hopefully see you soon.

[@CORNPOP24]

Thanks!

[@BradSimmons]

Hi Timothy Viard, Thank you!!!

[@speedwayman100]

Any acreage with it?

[@Marcus-Chun]

I bought my first house for 290k in 2018 and put in another 10k of rehab. It was my first home in 2018 in CA. The house is in a very blue collar area. I get 5-7K per month. Looking to refinance in January (Because taxes) and buy land and build a new home spec'd specifically for luxury airbnb. I plan to do 1 home a year and be semi retired in my 40's. If anyone is struggling to start, you just have to get into it.

[@amandabryant9787]

💯 Super Smart! Best of luck in your endeavors! I'm doing the same!

[@janetcrafts6186]

Good morning Brad, my husband and I always watch your videos and we were so impressed with the cabin you showed that we're going to see the property! Thank you for doing these videos.

[@BradSimmons]

Hi Janet Crafts, that is super news! Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230

[@BradSimmons]

Let's go see some awesome places - be my copilot here! kzbin.info Brad Simmons.

[@selvikrishnisofficialyoutu5096]

My boobs are bulging .

[@rocega2005]

Hi Brad. Great property! I have rental property, but it’s all comercial and industrial. The thing in the AirB&B and similar rentals is getting the correct person to do the turnover after each occupancy. And having always proper preventive maintenance and keeping up with the state of all the whites and furniture.

[@fher3522]

Beautiful place, great idea for cash flow. You have inspire me. Will do some homework and write a business plan.

[@billmanning8100]

Hi Brad. I'm a big enthusiast of your channel. You really bring Kentucky real estate to a fine art. Thank you for the great work. This is a property of love to talk to you about

[@billmanning8100]

*I'd... not of

[@nocatfishnana1923]

I’m love, love, loving this property!

[@crazycritterlady8788]

Hey Brad, it's a nice property. Just outta my price range. But boy I'd love to have a cabin in the woods with either a natural spring or on a lake.

[@MaryR7256]

Me too

[@Wyatt1957]

Your back brother Brad

[@Bitcoinbeacon77]

What a dream brother, thanks Brad.

[@jacobm1001]

Howdy brad. Airbnb is an opportunity. We hope to find the kentucky small farm and offset cost with rental

[@jeffrobdine]

Hey Brad, nice piece of property, thanks for the tour. By the way, I think that is a Sea Bass on the wall and VRBO stands for Vacation Rental By Owner. If I were younger I would definitely be interested, I'm 72 so I think I missed the boat!

[@stoicmillionaire.4631]

Are they draining the lake permanently? I thought I read that. I’m familiar with area.

[@BradSimmons]

Hi Lady Smith NReady, hahaha - not hardly. It is a major economic driver in the area, in addition to flood control. Marinas, Hotels, Restaurants, Bars, VRBOs, on and on. Lake Cumberland is a reservoir in Clinton, Laurel, McCreary, Pulaski, Russell, and Wayne counties in Kentucky.[1] The primary reasons for its construction were a means for flood control and the production of hydroelectric power. Its shoreline measures 1,255 miles (2,020 km) and the lake covers 65,530 acres (265 km2) at the maximum power pool elevation. The reservoir ranks 9th in the U.S. in size, with a capacity of 6,100,000 acre-feet (7.5 km3) of water, enough to cover the entire Commonwealth of Kentucky with 3 inches (76 mm) of water. The main lake is 101 miles (163 km) long and over one mile (1.6 km) across at its widest point. The lake has become a major source of tourism and an economic engine for south-central Kentucky. As of September 2011 Lake Cumberland was approximately 43 feet (13 m) below its normal level due to leakage in the earthen part of the dam, but repairs were completed in 2013 and officials estimated that lake levels would be back to normal by 2014-2015. As of April 18, 2015, the lake is back to full summer pool. History Lake Cumberland was impounded from the Cumberland River by the United States Army Corps of Engineers' construction of the Wolf Creek Dam in 1952.[1] Wolf Creek Dam is the 25th largest dam in the United States, and cost $15 million to construct originally, with an additional $65 million needed almost immediately to fix problems which soon became apparent. It is estimated that the dam has prevented more than $500 million in flood damage since its construction. Dam repairs In 1967 a leak was found at the Wolf Creek Dam. Repairs were made in the late 1970s at a cost of over $96 million. On January 22, 2007, the United States Army Corps of Engineers began lowering the water level in Lake Cumberland, fearing a possible breach in Wolf Creek Dam. Water seepage had eroded the limestone under the dam, creating the potential for a breach and subsequent flood that would cause damages into the billions of dollars in cities downstream.[2] By September 2011 Lake Cumberland was approximately 43 feet (13 m) below its normal level. The drop in water level had a negative impact on the area's tourism industry as marinas and municipalities scrambled to adjust their facilities for the lower water level.[3] The caverns beneath the structure complicated plans for repairs, but a $594 million project to construct a new wall inside the dam was completed by early 2013 and tourism officials were anticipating higher visitation numbers as the lake level was raised to 705 feet.[3] Since spring of 2014 Lake Cumberland water levels returned to normal operation and water levels.[4] Uses Power generation Wolf Creek Dam's six turbines are capable of supplying the needs of an average city (population of 375,000) via 270 megawatts of electricity. The power generating capacity is considered "dead" when the lake's water level is below 673 feet (205 m). Recreation In 1999, approximately 4.75 million visitors added more than $152.4 million to the local economy. Of the 383 lakes controlled or maintained by the U.S. Army Corps of Engineers, Lake Cumberland ranks 4th in the nation for the number of visitor hours. Over 1,500 houseboats float on Lake Cumberland and numerous power boats play in its waters. Lake Cumberland is home to two Kentucky state parks: Lake Cumberland State Resort Park on its shore and General Burnside State Park on an island in the middle of the lake.[1] Several of Kentucky's record fish have been taken in the waters of Lake Cumberland,[5] including: Brown trout (21 lb) Lake trout (5 lb 5 oz) Rainbow trout (14 lb 6 oz) Sauger (7 lb 7 oz) Striped bass (58 lb 4 oz) Sturgeon (36 lb 8 oz) Walleye (21 lb 8 oz)

[@stoicmillionaire.4631]

@@BradSimmons great info. Definitely a great AirBnB. The cabin that was in our family ( many years ago ) was on Clark Bottom rd. I was told that’s why they sold it ( draining of lake). I have a couple Airbnb now both in SC where I live. I may come see this it’s very nice. And with the right property it’s a great way for passive income. Thanks for info.

[@lon4930]

Hello! Is there any HOA fees on this property?

[@dme7689]

That's an awesome lake. Hoping to vacation near there in the Spring and get a look at KY.

[@BradSimmons]

Hi D Me, Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230 Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@briansupermag3918]

Beautiful place. How much land and how close are the neighbors? Also into the 4s. Low or high 4s? Thx

[@BradSimmons]

Hi Brian Supermag, Brett says lo 400s --- he also always says, take a look, make a written offer and I will start negotiations for you. Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230

[@ronnywakuthii2421]

Hi Brad my children love watching your videos. I usually force my husband to do the same too now he likes them

[@tedpert8786]

Very well done that’s nice!

[@mikedelia1755]

How much

[@yvonnelucas-cessna4458]

This place is absolutely gorgeous!! How many acres does it have?

[@jorgeavila963]

Is this property still available?

[@jessesanchez3078]

is the Golf course included when you rent to AirBnB

[@timothycummings6644]

Hy Brad would like more info on that house, the rental

[@BradSimmons]

Hi Timothy Cummings, Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230

[@annapetrosian6696]

Our smart handsome friend almost Xmas

[@bcats1309]

I love it! 😊

[@MaryR7256]

Beautiful property!!

[@annmarieking971]

Is there any acreage with this cabin?

[@BradSimmons]

Hi Annmarie King, 1 ac± Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@robbiefrank9127]

Hi Brad. Love this place! Why rent it out? Pay cash, make your own improvements and live the Great Life!!😊

[@CORNPOP24]

I wish on one of these properties you could demonstrate how you go about slipping in a boat. I've always dreamed about being those people with a boat but realizing that it would somehow end up being Gilligan's Island for me all in an afternoon. The funniest thing is I have a boating license from a State knowledge test but all is forgotten and I have only made boat motor sounds in a bathtub.

[@rommelbalba3191]

Is this sold already

[@BradSimmons]

Hi Rommel Balba, Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230. Just jump on our Exclusive Buyer's VIP list here. We will ask you like 5 questions about what your dream property looks like, then email them to you as they hit the market - be 1st to see them. BluegrassTeam.com/homefinder - or of course just call or text anytime 859-379-5263

[@jamesswilley3507]

I would love to go there

[@BrianB1963]

Is this house still for sale?

[@dianajones8598]

Beautiful property.

[@awadventures6230]

Beautiful cabin

[@williamcochell9889]

Hey Brad, wow! I don’t believe prices in this area! I’m on the West Coast and most places a property like this would be at least 2 million!

[@BradSimmons]

Hi William Cochell, Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230

[@alexjackson2826]

Good morning! Just ran across this gem. Thanks for the info. What is the exact asking price? How many acres are conveyed with the property? How far to the nearest store, town, amusement area? Is it near any other attractions, other than the lake? What type of fish are there, I am guessing bass. Thanks for the information.

[@alexjackson2826]

Is there a company that is doing the abnb for the current owners, and would they be willing to share their P&L statements for the last 2 to 5 years?

[@BradSimmons]

Hi Alex Jackson, I would def call Brett - call or text 859-407-0230

[@TheHarlequindane]

Internet/cable service?

[@BradSimmons]

Hi TheHarlequindane, Yes Brett knew all about it.. shoot him a text... Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230 Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@brianbrian9759]

Beautiful place!

[@diamondwfarm2238]

I like this guy

[@lynnanson4969]

Beautiful can you live in year round??

[@BradSimmons]

Hi Lynn Anson, of course! you bet. Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230 Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@maverickflint1991]

Hello. If this place is still for sale let me know I am interested. Have a great evening.

[@BradSimmons]

Hi Martin Flint, It is hard to reach you from this platform. Can i ask you to call Brett? Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230

[@amandamiller94]

Just want 2 know how much it costs

[@jeffrobdine]

In the 400s

[@BradSimmons]

Hi Amanda Miller, bluegrassteam.com/featured-listings/

[@amandamiller94]

@@jeffrobdine 400s u mean four hundred thousands

[@grumpyoldjeff]

The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left".

[@frankanderson2258]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because I have no idea of how and where to invest in?

[@samueljacob6198]

@@frankanderson2258 as a newbie investing in crypto will be best for you, I know of a portfolio/investment manager, Mr Desmond Gabriel and expertist in trade investment as you don't have to under go any stress in the trades, he manages my trading.

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He's really amazing with an amazing skills,he changed my 0.4btc to 2.8btc.

[@Johnpaul-j8e]

I'm happy to see Mr Desmond Gabriel mentioned here, My spouse recommended him to me after investing £4000 and he has really helped us financially in thu times of COVID-19 lockdown here in Australia.

[@jessicafriedrich6641]

I trade with expert Desmond Gabriel I even made profit of $10,000 trading with yesterday

[@BrendaBodwin]

Great income property. No, I wouldn't go there myself, it would be to much like going to my house in a different location, but, I see the income value for sure.

[@patrickgrandy6665]

It’s a Cabrera snapper

[@armandosulanj4382]

beautiful house lovely place

[@muhamedlahcen5164]

Cest un Bon chalet centre de la foret👍

[@gigacom76]

Very beautiful house! About business… I’m not sure 🤔. But I would like to live there by myself 👍😊

[@BradSimmons]

Hi gigacom76, you sure could.... Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@gigacom76]

@@BradSimmons 👍😊

[@carlindo-carloskingjunior8746]

I wouldn’t rent out the entire house 🏡 it’s just so beautiful 🤩 but the basement yes 👍

[@maverickflint1991]

Thanks.☺️👍

[@BradSimmons]

Thank you too

[@davidwhite701]

Do you manage/outsource entirely remotely? This will cost well north of $1M in my region. You've got a great income over your $400k finance.

[@bryanfahey3144]

What a cool place. Where can I find the actual listing? We are looking at investment properties up to $450k

[@BradSimmons]

Hi Bryan Fahey, bluegrassteam.com/featured-listings/ and jump on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@conniebrown5594]

Thank you, Brad. How beautiful! So, is the gym area part of the homes property, and where is it in relation to the river - can you get on the river with a canoe from this spot? what is the acreage?

[@BradSimmons]

Hi Connie Brown, there are several common areas - like the 3? hole golf course, fields to hike, the roads, boat ramp and yes, the gym equipment and pavilion - deck. You can put your boat in there. or the Marina --- I think Alligator 1 is the closest Marina, I believe. Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230.

[@BradSimmons]

Hi Connie Brown, oh and the acreage is 1 ac± Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@MsFlynn777]

This is what I'm looking for! Need to convince my husband......,🙄

[@pilothouseking]

Insurance is the wild card.

[@BradSimmons]

Hi Pilothouse King, not at all - I can guess insurance is no more than $200/mo. And with $4,000/mo coming in, it is a low percentage.

[@cecilledbetter2715]

beautiful

[@Jazzman5]

Something silly! 😁😁

[@balbinaferrufino67]

Hello… I am fallowing you not to long. But …..I will love it.!!!! I am interested and looking opportunities can you please help out…. Thank you very.

[@expatconn7242]

Never have . Not looking to rent and deal with squatters . I’m looking for a quit place to live with my wife of 25 years no neighbors . Looking over the wall. Littering on my property , not controlling to barking dogs .

[@BradSimmons]

Hi anthony marasco, you need a place out in the country --- let us know when you are ready - we specialize in these lifestyle properties as well. Here are a few we have currently. bluegrassteam.com/featured-listings/ Also, you will want to get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@tchapman1977]

Yes, for you, the advice was bad, but for him, the advice was good because it delayed your entry into the rental business meaning he didn't have to compete with or against you for business... Sucks, yeah, but business decisions rarely favor all parties involved.

[@BradSimmons]

Hi tchapman1977, perhaps....

[@mattyb7607]

I thought it was 43.6 % of statistics??? man, I was WAY off!

[@mikedelia1755]

Anymore opportunities like this please send me an message

[@BradSimmons]

Hi Mike delia, Brett can get you into any property in the state (and especially our coverage area - which this is) - and help you get approved - call or text 859-407-0230 --- and you'll want to get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@Autobodyscotty]

WHAT NO WALK THROUGH !.

[@Jrbrass]

This is just a simple sales pitch to sell property. Agent gets his commission/monies up front leaving you to figure everything out afterwards.

[@BradSimmons]

Hi Jrbrass, Actually, the seller is willing to show you all the ropes to keep it full and rented -- how he does it... AND Brett knows a couple who does this full time and is glad to share - with nice people. ;-)

[@emptypocketsjobs3545]

Everyone wants a silver platter!

[@Autobodyscotty]

A SHACK IN THE WOODS FOR $440,000 now that's a deal !. BA HA HA.

[@MaryR7256]

I beautiful shack with tons of privacy

[@BradSimmons]

@@MaryR7256 Hi Mary R, and about 40k in positive cash flow per year. Lots of folks don't even make that as a salary working everyday. This seller doesn't even live in this state... Get on our Exclusive Buyer's VIP list here, to know of new properties - BEFORE they hit the market - BluegrassTeam.com/homefinder - or of course just call or text 859-379-5263

[@MaryR7256]

@@BradSimmons I love privacy!!

[@koldwater6053]

Great,. just a little to old

[@jeffrobdine]

Old? Looks fairly new to me!

[@koldwater6053]

@@jeffrobdine Sorry I am old. The place looks great. 🤟🏼

[@BradSimmons]

@@koldwater6053 too funny! I feel ya - catching up every day. :-D

[@nathangrandmasterk9760]

Thanks!

[@BradSimmons]

Hi Nathan GrandMaster K, thank you Nathan!!!