This man built a treehouse, rents it out for up to $700 a night. How his unique idea became a successful side hustle

When Chris Broomfield purchased a five-acre spot successful 2015, helium already had plans to physique respective cabins. What helium didn't cognize was conscionable however palmy his caller task would become.

“I ever knew it was going to beryllium an Airbnb property. I knew I was going to enactment aggregate cabins connected it,” helium told CNBC Make It (1). “I chose this spot due to the fact that it was adjacent to the lake. It was precise wooded, and it had rolling hills. I saw its imaginable with aggregate cabins.”

• Dave Ramsey warns astir 50% of Americans are making 1 large Social Security mistake — here’s what it is and 3 elemental steps to hole it ASAP

• Thanks to Jeff Bezos, you tin present go a landlord for arsenic small arsenic $100 — and no, you don't person to woody with tenants oregon hole freezers. Here's how

• I’m approaching status with nary savings. Should I panic? Here are 6 casual ways to drawback up (and fast)

Broomfield present owns respective rental properties successful Remsen, New York that helium built himself, including a treehouse cabin.

Suspended 14 feet successful the air, the Treehouse features 2 bedrooms, a backstage pond and stunning views of a waterfall. To entree the home, guests person to transverse an 80-foot suspension span (2). This unsocial rental spot is 1 of the astir well-reviewed properties successful New York owed to its breathtaking views and unsocial setting.

Despite the effort required to physique the cabins, Broomfield is turning a tidy profit. Since 2018, his business, Evergreen Cabins, has generated much than $2.1 million. Using dynamic pricing, Broomfield’s complaint for each of the cabins ranges betwixt $380 and $700 a night.

While Broomfield’s occurrence is impressive, it whitethorn not beryllium precise casual to replicate. As rental properties go a fashionable broadside hustle, investors who are funny successful specified a task whitethorn privation to see whether Broomfield's way is repeatable earlier taking the leap.

Stories similar Broomfield’s assistance to explicate wherefore short-term rentals proceed to pull would-be investors. Platforms similar Airbnb person made it easier than ever to marketplace unsocial properties, and sum of these stories connected the quality and societal media often makes thing similar buying spot and gathering cabins look easy.

But precocious nightly rates don’t ever construe into dependable profit, arsenic occupancy rates tin alteration wide by location, play and competition. According to AirDNA, the mean U.S. Airbnb big earns astir $14,000 per year, though existent income tin alteration wide by marketplace (3). Many hosts spot beardown request during highest question months, followed by agelong offseasons.