In this episode, we are joined by Tim Hubbard, founder and CEO of Midtown Stays, a short-term rental accommodation company which has successfully accommodated over 15,000 guests with excellent reviews from all over the world. Tim began his real estate career as an investment broker, selling multifamily and commercial properties in Northern California. The five-member team he led completed more than $2 billion in transactions. He has been personally investing in real estate for the last 10 years and has since acquired a multi-million-dollar portfolio comprised primarily of small multi-family properties in multiple markets.
With the help of his team, he continues to expand and manages everything remotely from his home in Medellin, Colombia. His intent is also to teach others how to do the same and increase their income 3,4, or even 8x by implementing the right strategies to convert existing long-term rentals into nightly rentals through his live events and podcast.
In this episode, we explore:
00:36 – Guest introduction
02:36 – Tim’s Real Estate background
04:45 – Big opportunities in short-term rentals
08:35 – Passive investments | Attaining financial freedom
11:48 – How lease arbitrage works
13:30 – Establishing management teams
16:30 – Passive income opportunities
18:14 – Short-term rental taxes
20:48 – Short-term rental regulations in different places
25:15 – Life as a passive investor
26:06 – Personal development tools: podcasts, books,
Connecting with the Guest:
Short Term Rental Riches Podcast: https://podcasts.apple.com/us/podcast/short-term-rental-riches/id1488518397
Website: https://restmethods.com/, www.midtownstavs.com
Facebook: https://www.facebook.com/restmethods
Instagram: https://www.instagram.com/restmethods/
Youtube: https://www.youtube.com/channel/UCe1dEeJ-kH91-I9YZIPh-tA/videos
