Agree. Guys like this guy saturate it. No interest in local culture just wants to make a buck. Sell dude. Let a local to be able to live there. “Sexy”? Oy vey.

Is it true that there's a serial killer wandering around in JT?

From the data he presented it appears people do want a nice backyard. You then act like a nice backyard is not a cool and unique experience, which indeed it can be. Your comment doesn't make much sense.

@@Mimi-iq4ll There are several cereal killahs. One is named Captain Krunch and the other is Count Chocula

People trying to get into AirBNB these days need to focus on "experience stays". The entire leisure economy is refocusing toward experiences and ABNB should be no different. No one wants to pay the same or more than a hotel to stay in someones suburban home in LA anymore. They space isnt worth it to them. But they WILL pay to stay somewhere that they either could never afford to live themselves or is so unique there's no where else like it.

I didn´t know that. If this house is only for two, all his assumptions should change. You´re right.

Good…prices need to go down. All these “investors” can go away. You have ruined far too many places and left NO housing that’s affordable for locals.

Or maybe even add another tiny home where they can share the backyard

@@justcallmebon2684 I was imagining that what anything he builds would be rented as a group. I for one would not be too interested in sharing the pool with another group if say I am there with just my partner. That's why I was thinking of it more as a package, Where Rob rents them all as one unit.

Yeah that huge yard that accommodates 8+ doesn’t make sense for a tiny home that sleeps 4. Maybe scale back the plan to something a bit more intimate, say dining for 6, a large plunge pool and keep the current hot tub set up. Then it’s great for the smaller grounds that stay there plus a few friends and not welcoming a rage. Especially, of people that may not be as responsible since they are not the renter.

I too would think that the best plan would be to expand the house to accommodate an extra bedroom and maybe an extra bathroom. I agree that I don’t think 2 different groups at the same time would be a good idea

In Joshua Tree--it's most effective from investment standpoint to do 1 bedroom or 4+ bedrooms. Adding ADU won't help too much in this situation. Better to hone in on the couple experience!

Wow that's awesome!

Idk how you are generating 100k out of a 1 bed in jtree. Im doing less than half that with a 2 bed on a private yarded half acre with hot tub and no immediate neighbors, with a view of the mountains. Air dna says I'm about where i am supposed to be. I don't understand how you are doubling revenue with such a small space.

Did you renovate this house or had it builit from scratch? Either way, very impressive!

Scam😂

@@Joe-nx7nj yeah, sounds shady as hell to me

You've got a rad little place. The design is top notch. I like what you've done with your backyard. I think the #1 thing you've created that's working in your favor is the endless photo ops. So good job! Can't wait to collab some day.

100%! The only rentals that are doing well in JT have a pool, jacuzzi and are luxury builds

Thank you! I'm pretty excited about it as well. And I'm anxious to figure out the increase in bookings as well.

I agree. The table is too far from the kitchen.

Hotels "have more longevity" since they do it right the first time. You can do the same with an AirBnb, but it's alot more upfront capital.

@@DenisLeskovets More or less, yes. But Cash flow should be much greater on a hotel vs AirBnB with relatively the same level of effort. And your ARV will be a substantially greater multiple than with a house.

Came to say something like this. I wonder if we’re valuing improvements incorrectly, when they have a lifetime of only a few years. If I turn a den into a bathroom in a LTR and net an extra $20k in rent in perpetuity, it’s different than if I put in a hot tub and outdoor furniture that might have a 5-7 year lifespan or even less (when used in a STR). Videos like this get me tempted, but it also makes me nervous that we’ll convince ourselves to keep pouring money into a questionable investment.

Could be. But I didn't mention the dimensions. We're looking at a 10x15 pool. He back-of-the-napkin mathed it out for me around $100k. But once I have an updated bid, I'll let you know. Well, I'll make an update about it on the channel lol.

My first though off the top of my head was $175K. But beyond the pool the rest of the hardscaping is fairly basic.

American construction pricing is absolutely wild compared to the uk

Husband is a pool Contractor. That pool is probably 100,000 without the extras on the other amenities around it / plus all the extra concrete decking. House is for two people. Scale it down. Smaller pool, less deck can still. be amazing. Give part of the hot tub open sky star view and part shaded. Love the fiver drawing. Pay another 50.00 and ask them to scale it back in size and accentuate some key features.

Let’s chat! Shoot me a DM on IG. Thanks for the comment.

I'll keep y'all posted. I always do.

Dude this is wild! Congrats man. Shoot me a message on IG. I'd love to chat.

It's a toupee. Get it right.

I can tell you what will really happen, you will lose your permit. You are right, this will appeal to large groups or parties to split the increased cost. This means the residential trashcans will be overstuffed from their party meaning "guests" will resort to putting their excessive trash bags next to the bin, which is a code enforcement violation. Your property manager will take the trashcans out when it is convenient for them meaning they will do it after cleaning on Sunday, but our bins get picked up on Monday meaning our winds will knock over your overstuffed trash over with no one responsible to pick it up. A huge burden on the neighborhood and yet another code enforcement violation., Additionally, this means multiple cars on the property, if there are more than two, that's another code enforcement violation. A tiny driveway and multiple cars means cars parked on the street, street parking is prohibited and another code enforcement violation. This means too much noise and light, again, another code enforcement violation. You are probably hoping this would be passive income, but as someone who happily lives in the neighborhood and is distressed at how many people came here to exploit it for money, I promise I'm going to do my part to hold every single one of these rentals accountable. After you lose your permit, good luck trying to sell or rent long term as you've invested astronomically higher than anyone in the area can afford. Everyone who lives here laughs when these failed Airbnb attempts go back on market for 500k+. Truly, what were you thinking....

Hot tub not sufficient for small houses? Maybe pool for larger houses sleeping 10+ people? Seems too costly for small houses that can't sleep many people

@epg423 Dude, it's hot as heck there. A hotub is nice, but a small pool will attract more bookings.

@@epg423 do you want to sit in a hot tub or sauna in a place thats 100 degrees in the summer? Winter yes \

Hey there! Thank ya. And thanks for subscribing ;)

The goats

Happening everywhere. FYI Bush and Obama were both good for housing Biden and Trump killed housing for working class. The data The first two set up is still there. Most towns and cities are violating Fair Housing Act laws. The first two started citing cities the second two have shut that down. Yes Biden is on the shut down fair housing enforcement train. Faxt.

I think there's got to be a way to do both. I have no problem with small-time landlords owning one or several properties; I do have a problem with large corporate thugs coming in and buying up everything a monopolizing living space. I feel regulation is key.

@@YourCapyBro_windows95_3DPipes OH God you must be happy because there isn't an effect on housing by "big evil corporations" its all a lie. Do a basic internet search. Single family homes bought by billion dollar corporations is less than one percent of the single family home sales and about 1/20of one percent of the housing stock.

Agree. He needs to sell to a local. Investors like him, obsessed with money just leaves me cold. Invest where you want to live. Locals are exhausted by capitalists like you.

Thank you. I do everything for them.

Looks like it's city water.

Rent as soon as you can. Like this guy it'll show you you're spending to much on the finishes in the house. Sounds like the yard is important. A few areas like this I'm considering moving to so I can crank out desert contemporary houses. Resort or community. Think of the first apartment you had. You want the space to sleep. The location, pool and clubhouse were what you wanted. Size of bedroom didn't matter.

That's what this business is all about though. Adapting. It's not for the faint of heart.

True. But when you know the formula, it gets you pretty close.

Depends how hard they party. Surely one can pass out in the spa, with at least 2 or 3 comatose on the loungers by the pool. At least! Ditto for outdoor bathroom facilities.

Yeah. I'm a little hard on myself. But I hate revenue dips.

I've seen some successful properties in all those locations.

I dunk my pickle in a hot tub

sorry-saw in vid you did..