While some have niched into short-term rental investing, Alex Jarbo niches down even deeper and specifically develops and builds short-term rental properties to the tune of cabins and tiny homes including land plays for multiple lots to build large short-term rental communities.
Alex Jarbo was born and raised in Detroit, Michigan. After high school, he felt that going the traditional route of college and university wasn't for him, so at the age of 18 years old, he decided to join the Marine Corps. Although it was scary at first, he gradually felt more confident and comfortable with his decision to serve his country. Over time, he was able to embody the core values of the Marines: Honor, Courage and Commitment. He served for 4.5 years in the Marines from his station in Washington, DC and towards the end of his service, started to read books about real estate investing.
Alex, at the young age of 27, is now the founder and CEO of Sargon Investments. He is a short-term rental developer and manager. He is a regular contributor to some of the top real estate investing podcasts in the world. He is also the host of the YouTube channel Alex Builds where he teaches how to properly build and manage short-term rentals.
As mentioned, there are a few things that differentiate a short-term rental developer from other developers. First, they build places that are designed to be used as short-term rentals, so they are high quality and well-maintained. Second, they often focus on larger scale developments because they know hotel operators will want to cherry pick the best locations in a city. This means more inventory spread around, which increases the overall supply of available units for visitors across multiple areas of town. Third, with their expertise in short-term rentals, developers like Alex, understand the importance of community engagement and support for local businesses.
Alex’s lab is composed of creating a dynamic, technology-fueled business that is streamlined, strong, and profitable. Tune in to discover what experiments he did to become one of the best in his field.
HIGHLIGHTS OF THE EPISODE:
01:58 Purpose of the Experiment Nation
07:40 Fighter Leader Concept
KEEPING IT REAL:
00:42 Introduction
02:44 Alex’s Story
05:42 Alex’s Mentor That Was Pivotal in the Beginning of His Experiments
14:20 Residential Construction Road
21:26 Alex’s Obstacles
28:15 Alex’s Current Portfolio
36:19 Conversion to Boutique Hotels
41:36 The Secret Sauce
46:29 Lifestyle Business
NOTABLE QUOTE (KEY LESSONS):
4:31 “…I'm always looking for some sort of structure to help me with my goals, cause no matter what goal you have in whatever business outside of real estate, there's a coach, a course, a structure somewhere that someone's already done most of the work, you just gotta figure out how to tap into that....” - Alex Jarbo
CONNECTING WITH THE GUEST
Website: https://sargoninvestments.com/
LinkedIn: https://www.linkedin.com/in/alex-jarbo-28a940139/
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#developer #structuredbusiness #discipline
