20+ Rentals in 2 Years but “Stuck” with the Wrong Strategy? (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 20 December 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s the right investing strategy for YOU? In this episode, we’re going to hear from an investor who has scaled their real estate portfolio to twenty rentals in just TWO years! Despite their rapid success, they feel “stuck” and aren’t sure which strategy to use moving forward. Stay tuned as we show you how to choose the right strategy while helping them get unstuck! Welcome back to another Rookie Reply! Today, Ashley and Tony are diving into the BiggerPockets Forums and Real Estate Rookie Facebook group to answer more of your recent questions. After showing you how to nail down an investing strategy, we’ll get into landlord anonymity and provide you with several creative ways to protect your personal information from tenants. But that’s not all. We’ll also discuss short-term rental rates and share the dynamic pricing tools we use to find the “sweet spot” for ANY property or market! Looking to invest? Need answers? Ask your question here! In This Episode We Cover: How to nail down the perfect real estate investing strategy for YOU Creative ways to hide your personal information from tenants How to return security deposits to tenants (while staying anonymous!) Determining the ideal nightly rate to charge (for your short-term rental and market!) Maximizing your Airbnb revenue with the BEST dynamic pricing tools And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube OpenPhone Google Voice PriceLabs Beyond Pricing Wheelhouse Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-499 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Okay, let's get your questions answered.
0:08.8	My name is Ashley Care, and I'm here with Tony J. Robinson.
0:13.1	And welcome to the Real Estate Rookie Podcast, where every week, three times a week,
0:16.7	we're bringing you the inspiration, motivation, and stories you need to hear to kickstart your investing journey.
0:21.5	And today, we're diving back into the bigger pockets forums to get your questions answered.
0:27.1	And we're also doing it live in person here in Southern California.
0:31.0	So I dragged Ashley halfway across the country to come answer your questions.
0:33.8	All the way across the country.
0:34.6	Not halfway across the country.
0:36.4	All the way. That's true.
0:37.4	So a couple of things we're going to talk about today, guys.
0:39.3	We're going to talk about what to do when you feel stuck and you don't know the best strategy to continue when you feel that you've kind of tried them all.
0:46.3	We're going to talk about the tools and technology to use to hide your personal information as a landlord from tenants.
0:51.3	A little bit of anonymity can be a good thing. And then we'll also talk about how important it is to study pricing in your short-term
0:57.2	rental market and what you can do to maximize revenue and your nightly rates.
1:01.6	So with that, let's get into today's questions.
1:04.1	Yeah.
1:04.6	So I'm excited to do an in-person, Rookie Reply.
1:08.6	So I went ahead and I picked out the first question. And this one is from
1:13.2	the BiggerPockets forums. Okay. If you're not already, make sure you go to biggerpockets.com,
1:18.4	get active into the forums, connect with other investors, answer questions, or submit a question
1:24.8	to have an answer. So this question is, my fiance and I will be wrapping up our second year of investing part-time
	...

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