Joe McCarthy and his nephew Justin Kersey at the entrance of their "Hobbit"- styled village.Joe McCarthy and Justin Kersey created a"Hobbit"-inspired tiny home village for Airbnb renters.Take a look at the homes that are starting to generate passive income for McCarthy and Kersey.
A pair of real estate investors took a niche approach to building a money-making portfolio: going all in on tiny homes and taking a little inspiration from"The Hobbit."is a tiny home short-term rental village that evokes Tolkien's fictional universe. The village in Sevierville, Tennessee cost about half a million dollars but is on the way to netting Joe McCarthy and his nephew Justin Kersey a sizeable passive income stream a year into operations.
Tiny homes are proliferating as a minimalist and inexpensive way of living, and are increasingly used as Airbnb properties. McCarthy and Kersey told Insider how good timing and a curated approach to design helped them beat competitors.Kersey, a tech consultant, wanted a project he could work on part-time. McCarthy told him about an idea he had for a tiny home village.Instead of lending McCarthy money for the project, he thought it would be better to go in as partners.
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