I really thought I was super successful doing what I did. Yeah.
Was that the face you made? Yeah, that's that's exactly the face that I made was I'm making
it now. Yeah, like, how do you do now?
How do you do that? I think the minimum was $1,000 profit after the rent had been paid
the utilities.
So you were in either Austin or Dallas, you were mentioning previously, when you kind
of realized that Airbnb is the way to go. Yeah, tell us the genesis of that.
So the genesis of that is I really thought I was super successful doing what I did. So
I had at the time, probably over 40 rental properties. And again, these are rentals,
monthly rentals. These are monthly rent, truly month to month or the least
they released one year leases. That was my deal. I actually was crazy. So at one point,
I was really big into two and three year leases. Wow. Yeah. Okay. Yeah. Because that was the
way my mentor taught me because it would really give people you know, a lot of security and
then to, you know, security for you to exactly, exactly so until you want to do out of my
property. But I would love doing two and three year leases with people I would love doing
rent to owns with people, you know, they I got the house, a lot of times, like I said,
I got them subject to where the mortgage is in someone else's name. I'm just making the
payments. And now I can get it over to this guy that has bad credit. And he buys the home
for me, he's gonna pay more than it's, you know, then normally because he has bad credit,
and we did a lease purchase. So that was my claim to fame. And how I was able to retire
from corporate America.
How many did you say you had? I
think it like 42.
How do you How did you manage
all so I didn't of course you have property managers. I have a real estate license. So
you don't manage every single property yourself. But the business Yeah, but the business is
a full time business. Yeah, it is a full time business.
Did music hobby help out at all? I hope he doesn't watch this. I know he's just gonna
feel terrible. Should he doesn't help.
You're so sweet to protect him.
I love him. But this is not his cup of tea. And we really had to come to terms with that. So,
anyway, so you've got you've got property managers,
property managers, landlords, landlords, I'm still doing a few flips, but I was having
a lot of people interested in seeing my flips. I'm in Dallas at the time. And you know, doing
little meet and greets, and you know, me being just kind
of stopped. No, wait seeing your flips. Yeah. You mean, what do you mean by that?
So okay, so even if when I say a flip,
flip is when you say see it? Are there people living in it already?
No, I'm renovating the property. Like on TV. We like watching your progress. I love watching
flips. So people were like, I want to see, actually what happens. Can I meet your contractor
to learn? Yeah, and this is really how I got into the teaching. Because you go well, if
you want to come learn, correct, I'll put together a little class and teach a few of
you guys Oh, you do
learn? do teach? Correct? Yeah, I
do. Now learn to teach is definitely one of the things all over
the place, baby. You're so fascinating. There's a million questions, but let's just stay on
track. Okay. Oh, so I don't remember what the track was. Oh, yeah. Yeah, yeah. So people
want to see the flow. So
people want to see the flip. So I started putting together a little classes where I
would do little tours of I had like two flips going on at the time. This is like, and this
money was me and this other lady. We were flipping houses. The Shack actually shout
her out. Her name is to Anita Bailey. And she's in Dallas. Still, she does mortgages,
mostly. But we were flipping houses her and I similar personalities, and people, other
women, especially like corporate women, we had all these friends that wanted to see our
flips, like, let us see. So we would get 510 of them together. We would have lunch, we
do a tour and show them show them how much the contractor show, you know, paid for this
how, you know, just kind of outlined doing a little class $500 $400 And getting people
together to do this. And so I had a student Okay, now I'm kind of teaching. And I'm having
a student who is 18 years old.
All right, girl, or boy boy guy, Jeremy,
and he tells me about Airbnb. He's like, Man, I'm he's living in Florida. So this was remote.
He already lived in Florida. I think he lived in like Daytona, but he wanted to do Orlando.
And this is how I got to getting more properties in the Orlando area, because he said, We can
rent apartments and I can make more money with some properties that I rent some apartments
that you are making on your rental properties, I assure you and you
Yeah. Was that the face you made? Yeah,
that's that's exactly the
face that I made was I'm making it now. Yeah, like, how do you do
now? How do you do that? He was absolutely right. So we ended up getting some corporate
leases because of course, if you have a business and teach all of this, you can actually rent
apartments in your business's name as corporate leases, and the lawyer will give you permission
to have other people there.
I was going to ask how legal How do you make that Yeah, cuz if I walk up to somebody complex
somewhere and go I want to run out this apartment and then I'm going to start bringing in different
people every day. Yeah, they're not going to go for corporate they're
not going to go for so it's definitely it's funny now that this has become more popular
we have different scripts and ways that we do this but and in every apartment is going
to be open this but if you find, again, apartment complexes with a problem of vacancy issue,
you gotta find the gotta be a solution to people's problems. So you find apartment complexes
having a lot of turnover or have too much too many vacancies. Now they're open to you
as a business.
That is true. I hadn't even thought of that. Yeah, that's how stupid I am. And I'm sure
a lot of you are too. Well, no, but that is a that's a great bit of advice it
is. And that's how it opened up. And so we rented, I think four or five apartments. By
the third, second or third month, he had absolutely shown me that on each apartment. I think the
minimum was $1,000 profit after the rent had been paid the utilities, everything and to
furnish them only cost maybe $3,000 to put the whole one bedroom apartment together bed
linens, towels, just everything. Wow.
So you partnered with him? I did? And do you still
want no, we're done. So we finished our partnership. And and of course, this is a part of his growth.
So of course you start renting apartments, then he's making money. So then he bought
houses, you know what I mean? You don't stay you don't have to stay there as you grow.
You go to the next thing like now I don't really do that I have a whole apartment buildings.
I had the whole building, you know, 2040 100 units, and then we'll put a portion of them
that are Airbnbs and the rest are long term tenants. So you start where you are. And that's
what I tell people. You don't have to think oh, I'm bankrupt. I'm poor. I don't have any
money. I can't start this thing. This young kid turned me on to profits and I gave him
the money to do it. Wow, that was an amazing episode. If you want my new book, you can
get it absolutely free at noellesfree book.com. Get my new book, Real estate Millionaire
secrets absolutely free. You just cover the shipping and handling, go to noellesfree
book.com That's n-o-e-l-l-e with an s. noelles freebook.com. I have poured my heart into
this book. And I'm teaching you all about real estate, how I started with bankruptcy,
bad credit, no money and how you can do the exact same thing to check out my new book
because I want to make sure that you have all of the resources, all of the tools and
all of the knowledge that you need to be successful. This is no well, to your success. I pretty
much probably have properties in like 30 states,
maybe New Orleans or somewhere. I don't know Orleans is a no now
my day to day is a lot easier. Not a nice little life for myself. The pandemic we had
was was scary. It was scary for us. All of those bookings got canceled.