214: Rookie Reply: How to Build Your Dream Short-Term Rental Team

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.7 • 1.8K Ratings

🗓️ 3 September 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week’s question comes from Ricky through Ashley’s direct messages on Instagram. Ricky is asking: I’m about to start my investing journey with short-term rentals. How do I build a real estate team, and which positions should I look for first? On your way to building a short-term rental empire, you’ll need to build out your real estate investment team. These are the people who will help you scale, manage your properties, and handle host headaches that come up, so you can focus on finding better vacation rental properties. If you want to scale like Tony, who’s already at sixteen short-term rental units, you’ll need to invest in the four “buckets." Doing this will free up time for you to run a better business and source bigger deals. Here are some suggestions: Start making checklists, notes, and training videos as soon as you buy your first property Find the things you hate doing and offload them sooner, rather than later Build out your short-term rental core four who can help manage the property while you source deals Start small with a cleaner or maintenance worker and slowly hire out from there And more in the episode… If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Real Estate Rookie Podcast Real Estate Rookie Facebook Group BiggerPockets BPCON22 Investor Girl Britt BadAsh Investor Airbnb Loom BiggerPockets Agent Finder Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz 21 Real Estate Professionals You Need on Your Team (Updated 2021) Connect with Ashley and Tony: Ashley's Instagram Tony's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-214 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Real Estate Rookie Episode 214.
0:05.3	My name is Ashley Care, and I'm here with my co-host, Tony Robinson.
0:13.0	And welcome to the Real Estate Rookie Podcast, where every week, twice a week, we give you
0:16.6	the inspiration, information, education, and motivation you need to kickstart your Real
0:21.5	Estate investing journey.
0:23.0	And I'm so excited to have you guys here with us.
0:24.9	One of the things I like to do to kick off this episode, or all of our episodes, is just
0:28.4	highlight some of the reviews we've gotten for this podcast.
0:30.6	So this is your first time here.
0:32.0	Here's some motivation for you to stick around.
0:34.2	This review comes from a user name Horace 76, and this is on Apple Podcast.
0:39.2	Horace says, new and ready to get started.
0:41.8	For those of you who need direction on where to start with your Real Estate dreams of becoming
0:45.5	financially independent, the Real Estate Rookie Podcast is where you need to be on a daily
0:50.6	basis.
0:51.6	I absolutely love this podcast.
0:52.6	So Horace 76, we appreciate you.
0:55.8	For those of you that have listened before, if you haven't yet, please do leave us an honest
0:58.2	rating and review.
0:59.2	It really does go a long way.
1:00.4	The more folks that we can reach, the more folks we can help, and that's our goal here,
1:03.2	just to help as many folks as we can, so.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.