JF1756: Filling Vacant Units With Short Term Renters | WhyHotel with Jason Fudin

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 24 June 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

As new apartment communities come to market, they’re empty. Jason’s business model is to find those apartment communities, get access to some of those units as they are being leased up, and turn them into short term rentals for 8-24 months. “Pop-up hotels” as Jason calls them, WhyHotel only moves in during the lease up of new communities, helping investors mitigated the normal losses occurred during the lease up. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “In the U.S. between 200,000-400,000 MF units are delivered each year, on average, they take about a year to fill up, so that means there is somewhere between 100,000 to 200,000 units vacant at all times in major U.S. cities” - Jason Fudin Jason Fudin Real Estate Background: CEO and Co-Founder of WhyHotel WhyHotel is a platform for renting a full size apartment with a 24/7 hotel staff onsite when traveling vs staying in a hotel Based in Washington D.C. Say hi to him at https://whyhotel.com/ Best Ever Book: Hiring A Players If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
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0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:56.6	That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-K-G-O-K-K-O-K-O-K-O-Kom,
1:00.6	Prom best ever to get $100 off your ticket.
1:05.0	Uber changed the rental fundamentals of that project because Uber wasn't a thing in 2011 in any
1:10.7	meaningful way. And it's kind of a sleepy market in Arlington meaningful way. Right.
1:13.0	And it's kind of a sleepy market in Arlington, Virginia.
1:15.0	And then Uber arrived, and now all of a sudden,
1:18.0	we were only in $9 and a nine minute Uber ride
1:20.0	from more active lifestyle market.
1:23.0	If you're a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities in order to qualify the sponsor in order to qualify the market
1:34.9	that the property is in, then go to best ever passive investor.com. My team and I
1:40.8	created this site just for you so that there is a free resource available to you
1:46.8	to learn about the questions to ask the things to think through prior to investing in deals. So go to Best Ever Passive Investor.com. It's a free
1:57.4	resource for you that was made just for you. Best ever listeners, how you doing?
	...

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