REI095: Real Estate As A Subscription? w/ Nico Ortega

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 8 November 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard talks with Nico Ortega about what short-term rentals are and how they work, the difference between traditional short-term property management and traditional rental property management, what Nico is doing differently in this space with his company, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 11:32 - Where Nico came up with the idea of using a subscription model for short-term rentals for renters and how it will work. 15:33 - What owners of the short-term rentals will get from this opportunity and what they will receive in return for being a part of the program. 17:25 - How much will a renter who is looking to utilize NUOVO’s program spend and will the subscription amount be different if they’re staying in different places? 22:09 - How does NUOVO make money in this arrangement and is it like a normal management company where one takes a percentage of monthly income? 22:25 - How Nico is planning to expand beyond Miami and where he is looking to expand to. And much, much more! *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. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. How to invest in NUOVO. Napoleon Hill's book Think and Grow Rich. Brandon Turner’s book The Book on Rental Property Investing. Mark Ferguson’s book Build a Rental Property Empire. Antoine Martel’s book A Millennial’s Guide to Investing in Cash Flowing Rental Properties. Find great markets to invest in with Wiserei. Real estate education platform BiggerPockets. All of Robert’s favorite books. Read this episode’s transcript and full show notes on our website. 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 Robert: Website | Twitter | Instagram Connect with Nico: Website | 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 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.
0:02.3	Short-term rentals are anything that can be considered a stay of 30 days or less.
0:09.8	On today's show, I talk with Nico Ortega about what short-term rentals are and how they work,
0:15.2	the difference between normal short-term property management and traditional rental property
0:19.3	management, what Nico is doing differently
0:21.4	in the space with his company, and much, much more.
0:24.9	Nico Ortega is the CEO and co-founder of Nuovo, a Miami-based tech-enabled short-term rental
0:30.4	property management company.
0:32.2	Nuevo partners with clients with short-term rentals and manages the properties for their owners.
0:37.1	I've felt for a while that technology and innovation has been lacking in the real estate industry.
0:41.8	Probably heard me mention that on the show before.
0:44.3	So it's interesting for me to learn from Nico about how they're applying a popular technology model,
0:49.2	the SaaS or subscription model, to real estate.
0:52.6	I hope you guys enjoy the conversation.
0:54.7	Let's dive right in.
0:59.0	You're listening to Real Estate Investing by the Investors Podcast Network,
1:03.5	where your host, Robert Leonard, interview successful investors from various real estate
1:08.5	investing niches to help educate you on your real estate investing
1:12.1	journey.
1:20.9	Hey, everyone.
1:22.1	Welcome back to the Real Estate 101 podcast.
1:24.9	As always, I'm your host, Robert Leonard.
	...

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