Nov 28, 2022
With us today is Whitney Elkins-Hutten, Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com and a partner in $700MM+ in real estate — including over 5000+ residential units (MF, MHP, SFR, and assisted living ) and more than 1400+ self-storage units across 8 states—and experience flipping over $3.0MM in residential real estate.
In this episode, Whitney Elkins-Hutten discusses her car wash business model and how it revolves around helping investors create multiple streams of income. She mentions that car washes are a good example because the margins are healthy and people generally take care of their cars anyway. She adds that subscriptions are more expensive when the customer needs to use the service in a given month, but the monthly cost is worth it compared to other expenses. To learn more about Heather, listeners can visit his website at PassiveInvesting.com!
[00:01 - 03:23] Opening Segment
[03:24 - 06:38] The Opportunity For Car Wash Subscriptions
[06:39 - 11:53] Closing Segment
Quote/s:
“We're talking about a business and not just commercial real estate. We're looking to move the rent in this case is a subscription to market pricing, that hasn't been done with the majority of these car washes. A lot of them don't actually have subscription models on them.” – Whitney Elkins-Hutten
You can connect with Whitney through her:
Website: PassiveInvesting.com
LinkedIn: Whitney Elkins-Hutten
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