We are excited to finally share our journey of purchasing and renovating a 150-year-old heritage property into a successful Airbnb rental. It has been a rollercoaster ride, but with the help of our amazing realtor @paulamcfarlane.realtor, we were able to turn this property into a profitable investment. When @minag88 and I purchased this property as part of our portfolio, we knew it had potential but it needed a significant amount of work. We initially planned to use it as student housing, but after assessing the market, we decided to turn it into multiple Airbnb units. However, the renovation process was not without its challenges. One major hurdle we faced was the declining real estate market.
Our realtor @paulamcfarlane.realtor was not convinced that it was a good time to invest, but she still worked tirelessly to help us secure a great deal for the property. Her knowledge and expertise in the market were invaluable in negotiating a fair price for us. As we worked on renovating the property, we decided to go above and beyond to make it stand out from other Airbnb rentals in the area. We incorporated unique design elements while still preserving the heritage features of the building. It was a labor of love, and we put in a lot of effort to maintain the charm and history of the property. One aspect that we were particularly proud of was our decision to help the buyer get set up as a new host on Airbnb.
We knew that getting started as a host can be overwhelming, especially for someone new to the platform. So, we negotiated with the buyer to help them get active as soon as possible. We shared tips and tricks that we have learned over the years and even offered to manage the listing for the first few months. It was a win-win situation, and we were thrilled to assist someone in starting their own Airbnb business. After months of hard work, we are excited to see our investment pay off. The property has been attracting guests from all over the world, and the reviews have been overwhelmingly positive.
Our guests have loved the unique charm of the heritage property, and we have received compliments on the renovations and design. Looking back, it was a journey filled with challenges, but with the right team and determination, we were able to turn this property into a successful investment. We are proud of what we have accomplished and are excited to continue growing our portfolio of Airbnb rentals. As for the 150-year-old heritage property, we are confident it will continue to thrive for years to come.