578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 3 March 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.
Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.
This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.
In This Episode We Cover:
Choosing a short-term rental market and what aspects to look for
Cash flow vs. appreciation and which matters more when it comes to STR investing
The four types of short-term rental markets and which have the best chance of success
Seasonality and factoring it into your revenue and profit calculations
The risks of investing in vacation rental markets and how to scale your portfolio faster
And So Much More!
Links from the Show:
Brian Chesky's Linkedn profile
Julian (San Diego, California) town profile
Eureka Springs City (Arkansas) profile
Chip and Joanna Gaines HGTV profile
Copperopolis Town (Calaveras County, California) profile
Gatlinburg City (Tennessee) profile
Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb
Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast. |
| 0:02.1 | Show 578. |
| 0:04.5 | When I built my tiny house, I was like, |
| 0:06.6 | hey, if I can just build this cool tiny house and break even, |
| 0:09.2 | like, hey, all good news over here, right? |
| 0:11.2 | But then it actually ended up being a cash cow, |
| 0:13.9 | and that was just a bonus for me, you know? |
| 0:15.8 | And I was like, this is great. |
| 0:16.8 | Like, I get this house that I can enjoy, |
| 0:18.6 | or theoretically I can enjoy, |
| 0:20.6 | and it pays for itself, and I make money on it. |
| 0:23.2 | What's going on, everyone? |
| 0:24.2 | Did you just say, |
| 0:25.2 | that you're a host of the Bigger Pockets Podcast? |
| 0:27.2 | Here with a very special episode for you today. |
| 0:30.2 | But before we get into that, I want to let you know |
| 0:32.2 | that if you are looking for a way to build financial freedom |
| 0:35.2 | through real estate, |
| 0:36.2 | if you want to have more control and autonomy over your life, |
| 0:39.2 | if you value the time that has been given to you |
| 0:41.2 | and you want to use it in ways that you feel are best |
| 0:44.2 | for you and your family, this is the place to be. |
... |
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