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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI135: Unique Multi-Unit Airbnb/STR w/ Isaac French

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 15 August 2022

⏱️ 63 minutes

🧾️ Download transcript

Summary

In this week’s episode, Robert Leonard talks with Isaac French all about short-term rental investing, and specifically Isaac’s unique short-term rental experience he built from the ground up. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:22 - How he started and sold his first business. 11:55 - How to automate a short-term rental property. 29:03 - Why his property is now worth over $5M. 29:03 - Which platforms you should use for STR bookings. 34:12 - His thoughts on the pending, or current, recession and STRs. 46:07 - What a cost segregation is. 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. Robert’s book The Everything Guide to House Hacking. Email for free book: contact@everythinghousehacking.com. Related episode: Listen to REI103: The Truth About Airbnb Investing w/ Travis Zappia, or watch the video. Related episode: Listen to REI088: Short-Term Rentals Masterclass w/ Tony Robinson, or watch the video. Avery Carl’s book: Short-Term Rental, Long-Term Wealth. Robert Kiyosaki’s book Rich Dad Poor Dad. Everything you need to know about house hacking taxes. All of Robert’s favorite books. 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: Twitter | LinkedIn Connect with Isaac: Website | Twitter 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 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

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

They valued it three ways.

0:03.8

It's the same company.

0:04.9

They used a cost approach, a income approach, and a real estate value approach.

0:11.2

And then they kind of, they aggregated them and came up with a middle.

0:17.5

In this week's episode, I talk with Isaac French all about short-term rental investing,

0:23.6

and specifically Isaac's unique short-term rental experience he built from the ground up.

0:28.9

Isaac is a 25-year-old serial entrepreneur who sold his first business and is now diving headfirst into Airbnb.

0:36.0

He recently built a seven cabin, Scandinavian-inspired,

0:39.9

retreat in Waco, Texas in just over nine months from start to finish. Even better than that,

0:45.8

it's on track to do over a million dollars in revenue this year, its first year in operation.

0:51.3

Isaac has some pretty interesting strategies to automate a business that many see as

0:56.6

time intensive, which is short-term rentals. And he has a bunch of other great information about

1:01.8

ground-up development and the future of Airbnb. But before we get into the episode, I wanted to

1:07.0

share that my book, The Everything Guide to House Hacking, is officially on

1:11.8

pre-sale from Amazon, Barnes & Noble, Target, Walmart. You can get it at the publisher's website,

1:18.3

Simon &chuster.com, and many, many more. Pretty much anywhere you can buy books, you can

1:24.0

pre-order the book. TIP has been super gracious, and they have purchased 50 copies of the book to give away to listeners

1:31.5

of this show.

1:33.3

In order to get the book for free, go to everythinghousehacking.com.

1:39.2

That's everythinghousehacking.com and pre-order the book.

1:48.1

Then send a copy of your receipt to contact at everythinghousehacking.com, and how you'd like to be reimbursed. Tell me whether you want to be

...

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