TERRIBLE Singlewide Mobile Home turned AirBNB!

[Kim Warren-Page]

Investment Info:

Mobile home buy & hold investment in Travelers Rest.

Purchase price: $18,750
Cash invested: $20,000

If you have read my other investment posts, you already know we struggle with our low income rental housing. We purchased this in 2019 and rented it monthly. Problems ran the gamut from having a pet they are not supposed to have destroy the house to allowing a massive roach infestation to take root. Here is a link to an example on youtube of one we cleaned out recently: https://youtu.be/w5RgvkBLth8.

So, when this one became vacant in January, we decided to try our luck turning it into a monthly, furnished AirBNB. It is going very well! Our gross income increased from $700/month to $1675/month. The home is cleaned once a month and is beautiful. Here is a video of the remodel: https://youtu.be/dOR8koY3mf8

House prices in our area (Greenville, SC) are currently high. For example, we could sell this singlewide for $120,000.
Because we are hesitant to buy more right now (not sure if we are right or wrong with that decision), we decided to invest money in the properties we already own to increase our income. This example of our single wide remodel has gone well, made more money, and gives us peace of mind.