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The Rich Somers Report

Former Middle School Teacher Operates Vending Machines and 22 Short-Term Rentals | Billy Perez E231

The Rich Somers Report

Rich Somers

Investing, Business

5.01K Ratings

🗓️ 20 August 2024

⏱️ 61 minutes

🧾️ Download transcript

Summary

In this episode Rich sits down with Billy Perez, a San Diego-based Short-term rental Owner and Manager. Billy shares how he went from a middle school Spanish teacher to owning three properties and managing over twenty! Not only does he manage short-term rentals but he also owns and operates vending machines across San Diego as a side business. Billy encourages others to "take small steps and to take the risk" into real estate. The market is big enough for whoever wants to get in and it...

Transcript

Click on a timestamp to play from that location

0:00.0

I remember when I bought my first Air at B&B in Arizona, the first month I owned it, the AC broke.

0:05.2

It was just done, toast. And I was so mad. I was so anxious about it that I felt like I was having a heart attack,

0:11.6

like I had a proper panic attack, and I've only had like two of those in my life.

0:15.0

And I'm at the on the beach in Maui with my family, my grandparents took us on a family trip and I'm having a panic attack about this.

0:23.0

And I look back at it now and I'm like,

0:24.8

Finacy broke today, which has happened to clients' houses.

0:28.1

Just figure it out.

0:29.1

You call the AC company, they get it done within the day.

0:31.7

Get the guest little refund, they're happening.

0:33.0

Yeah, yeah.

0:34.0

Now you do like, I do like, I've got like full on, like quarterly inspections,

0:38.0

I make sure that doesn't happen, but when stuff like that happens now, like years ago,

0:41.0

that would have made me panic and really

0:43.2

stress me out but I've gotten a lot more blunt to these kind of issues like if a

0:47.8

guest claims I did something or they're going to they're threatening me I'm just

0:51.0

like all right I've heard it all at this point.

0:55.0

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building,

0:59.5

all while keeping it real. No fluff, no BS. I hope that you enjoy the show.

1:04.0

All right guys, welcome to another episode report today.

1:12.5

We got a big meetup tonight here in San Diego,

1:15.9

Beers and Deals, who my guest is gonna be at,

1:18.1

but excited because I got my man who's in our content mastermind. I got someone who's grew up in my hometown

...

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