MI294: Making Airbnbs Simple, Passive, and Profitable w/ Sief Khafagi

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 25 September 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Donley (@JPatrickDonley) sits down with Sief Khafagi to learn all about how his company, Techvestor, makes investing in Airbnbs simple, passive, and profitable. You’ll learn about his early career at Facebook, how he’s gone about building a vertically integrated short term rental company, what gives Techvestor their competitive advantage, and what trends Sief is anticipating in the STR market. Sief is an ex techie turned real estate investor who has helped thousands diversify into real estate after spending nearly 5 years at Facebook. He’s syndicated acquisitions totaling more than $100M while designing & developing more than 125+ properties. Today, he’s the founder of Techvestor, which helps real estate investors and busy professionals passively invest in the emerging asset class of short term rentals (aka Airbnbs). IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:34 - How Sief was working at Facebook and developed an interest in real estate. 03:32 - How working remotely all over the world connected him to the Airbnb world. 03:54 - Why he choose against pursuing a long term rental strategy. 04:50 - What his early side hustles as a teenager were. 07:20 - How he built a Facebook team of over 1000 and applied those skills in building Techvestor. 07:31 - How the strategy for Techvestor came about. 09:26 - What the biggest challenges were in building Techvestor. 11:02 - What gave him the courage to start a new venture. 16:46 - How he found great people to join the team at Techvestor. 19:25 - How Techvestor makes investing in Airbnbs simple, passive, and profitable. 20:23 - How they use data analytics to find the best properties to add to their portfolio. 22:39 - Why they were forced to vertically integrate. 24:42 - How to amenitize Airbnb properties. 25:21 - How they get development-like returns without taking on development-like risks. 32:16 - Why having fixed rate debt is an advantage for them. 33:49 - What Techvestor’s exit strategy looks like. 37:35 - What are the trends Sief is seeing in the Airbnb space. 41:34 - What are some of the reasons they generate higher returns. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. The Everything Guide to House Hacking by Robert Leonard. Related episode: Listen to REI175: An Insider’s Guide to Airbnb w/ Taylor Jones or watch the video. Related episode: Listen to MI288: Experiencing Unique Stays w/ Ben Wolff or watch the video. Compounding Podcast w/ Richard Fertig. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: @JPatrickDonley Connect with Sief: Website | LinkedIn | Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP. I realized I was living in California and taxes were a thing. And I had to ask myself, how can I lower these taxes? I started getting involved in real estate, whether it was single family or multifamily and just learning more about how I can defer taxes. And at the same time, I was staying in dozens and dozens of Air P&Bs over the course of those five years for my job and hiring and recruiting
0:21.5	and learned how poorly ran they were at the time by mom and pops. So that's the short story
0:27.1	of kind of connecting the dots with both sides of the coin there.
0:37.0	Hey, everybody. In this week's episode, I got to sit down with Sif Kfagi to learn all about how his
0:42.2	company, TechVester, makes investing in Airbnb's simple, passive, and profitable. You'll learn about his
0:48.3	early career at Facebook, how he's gone about building a vertically integrated short-term rental
0:52.4	company, what gives TechFester their competitive advantage, and what trends Sif is anticipating in integrated short-term rental company, what gives TechFester their
0:54.4	competitive advantage, and what trends Seif is anticipating in the short-term rental market.
0:59.6	Seaf is an ex-techie-turned real estate investor who helped thousands diversify into real
1:03.7	estate after spending nearly five years at Facebook. He syndicated acquisitions totaling more
1:08.9	than $100 million while designing and developing more
1:11.6	than 125 properties. Today, he's the founder of TechVester, which helps real estate investors and
1:17.1	busy professionals passively invest in the emerging asset class of short-term rentals, aka Airbnbs.
1:23.9	I love hearing about how Seif has built TechVestor, and if you enjoy founder stories are
1:28.5	into learning more about the short-term rental market, be sure to check this episode out.
1:33.3	And so, without further delay, let's get into this week's episode with Sif Kfagi.
1:39.2	You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, Robert Leonard,
1:45.7	Patrick Donnelly and Kyle Greve, interview successful entrepreneurs, business leaders and investors
1:51.7	to help educate and inspire the millennial generation.
2:05.9	Hey, everybody, welcome to the millennial investing podcast.
2:07.7	I'm your host today, Patrick Donnelly.
2:11.2	And joining me today is Mr. Seif Kaffagi from TechVester.
	...

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