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Updated about 5 years ago,

User Stats

20
Posts
15
Votes
Mike Mazzucco
  • Realtor
  • Gilbert, AZ
15
Votes |
20
Posts

House Hacking to Grow My Buiness in AZ

Mike Mazzucco
  • Realtor
  • Gilbert, AZ
Posted
Hi Guys!! Quick backstory about me. I have worked in the aerospace engineering industry for 8+ years. I quickly saw that path led to a long miserable 30-40 year career with little freedom and flexibility to find time to enjoy life and family. I made a decision 3 years ago to start a transition that could lead me to financial freedom and a career path that would give me that flexibility. I decided to get my real estate license several years ago. Shortly after I had a coworker tell me about all the mad money he was making AirBNBing private guest suites out of the house he lived in. Most people would have been focused on the $$$ amount, I instantly saw that as a path to freedom. Specifically, I saw it as a way to create a stable cash flow that would allow me to go all in with my real estate career without putting the family at risk! Time to implement... My wife and I decided to buy the biggest house we could to set up shop. We bought a 6 bed/3 bath horse property in AZ with the intent of converting 2 of the rooms in to private guest suites. If numbers panned out, this would produce about 4k a month of income for us and cover the mortgage and utilities! Once we had things up and running on AirBNB I also started advertise them directly on FB and craigslist, which led to a lot of realtors calling me. Specifically realtors were trying to find a place for their clients while their new builds were being built... After seeing the demand, this inspired me to start offering my units for FREE to any of my real estate clients! I found a lot of success doing that for lead generation! Fast forward 6 months, I am sifting through Offerup and I see someone selling a tiny house near by for pennies on the dollar. I had a Eureka moment and decided to take my marketing to the next level and start offering my tiny house for free to clients! It has been a ton of fun seeing this project come to life! I have rebranded myself as "#TinyHouseRealtor" and have been having a ton of success with it! Not only am I able to rent it on Airbnb, but its also a lead generating machine! To pay it forward, I now offer to work with individuals who are trying to seek the same thing. I work to find clients houses that they can Airbnb private guest suites while living there. I even coach them all the way until they get their first booking on AirBNB! It is so rewarding to get to change the financial future of my clients lives! The moral to the story for folks who are house hacking... Don't focus so much on the money your bringing in, understand the value it adds by giving you the financial freedom to go explore entrepreneurship or other business ventures you have. I think that's what most people seek more than anything who are miserable at an 8-5PM. You can create a unique opportunity for yourself by having a baseline revenue stream to rely on why you push yourself in other ways! -#TinyHouseRealtor