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The Boostly Podcast

Tips to Build a Portfolio That Delivers Financial Freedom

The Boostly Podcast

Mark Simpson

Marketing, Business

5.0302 Ratings

🗓️ 14 July 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Welcome to Boostly Podcast Episode 618. On today's episode we sit down with Michael Chang to discuss tips to building a portfolio that delivers financial freedom! You Don't Want To Miss It! • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast

Transcript

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0:00.0

Okay, I think we are live for another Boothley podcast. So if you are tuning in,

0:06.7

either on the podcast or on the live, we are going in multiple places at the moment. So welcome

0:12.2

along. And this is the Boothley podcast. So this is the podcast that gives you the tools, the

0:17.3

tactics, the trainings, and most importantly, the confidence to go out there and get yourself

0:22.0

some more direct bookings for your hospitality business. Today, we've got a host with us today,

0:27.6

so we dive in behind the host of another interesting and inspiring host to see what we can learn

0:34.0

from their journey and see if there's things that you can implement in your business that they're

0:38.1

doing in their business as with hospitality is one of the few industries where we really like to

0:43.2

share and really we can learn so much from each other. So today, we're going behind the host with

0:48.7

Michael Chang from Trust B&B. Michael is a former investment banker and he loves to share his social

0:56.2

journey online to help others really how how they can understand how to do short-term rental

1:02.0

and a path to long-term wealth. So I'm really excited to dive into your business. Welcome along,

1:07.4

Michael. Thanks so much for having me this morning. Thank you for joining. So let's dive in with

1:13.2

the question we always start with, which is do you mind introducing yourself? Tell us a bit about

1:17.4

where you host and what kind of model you use. Absolutely. So again, Michael Chang from Trust B&B,

1:24.3

she started this business with my wife in we really started in 2016 as a side hustle

1:29.5

while we both were working full-time and you know we formerly incorporated business about five

1:35.5

years ago and we've run it now to 26 units in Philadelphia, Pennsylvania and in the US and in

1:44.7

Tennessee by a the most the most popular national park in the US actually called the Smoky Mountains

1:50.5

National Park in Tennessee. So we do a mixture of rental arbitrage where we rent the apartments

1:57.3

and we rent them on Airbnb direct bookings on the other platforms and we also own property

2:04.0

and all our own properties are in Tennessee. Nice nice. So there's a few hosts I know who I've

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