Jay Ullrich sits down with Billy Perez to delve into the world of short-term rentals (STR) and real estate investment. Billy shares his journey from being a teacher to becoming a successful STR operator in San Diego, discussing his strategies for building a diverse portfolio that includes ownership, arbitrage, and management of vacation rentals. The conversation highlights the importance of delegation, networking within the STR community, and the process of acquiring a STR management company. They also explore market dynamics between San Diego and Big Bear, and touch on additional income streams such as vending machines and Turo car rentals, while contrasting the experiences of managing STRs with car rentals.
Billy shares his experiences and insights on managing short-term rentals, the challenges he faces with Airbnb, and the importance of delegation in scaling his business. He discusses his health and fitness journey, emphasizing the significance of a balanced lifestyle and the impact of diet and exercise on overall well-being. He also outlines his future goals, including expanding his property portfolio and his desire to help others through teaching and mentorship.
Chapters
00:00 Introduction to STR and Personal Journeys
02:50 Building a STR Portfolio: Strategies and Experiences
06:07 The Importance of Delegation and Team Building
08:57 Networking and Collaboration in the STR Community
12:13 Acquisition Strategies: Buying a STR Management Company
15:09 Market Insights: Big Bear vs. San Diego
18:01 Exploring Additional Income Streams: Vending Machines and Turo
20:50 The Reality of Managing STRs vs. Car Rentals
25:59 Airbnb Adventures and Challenges
29:20 Scaling the Short-Term Rental Business
33:05 Health and Fitness Journey
49:25 Future Goals and Aspirations
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Keywords
Short-Term Rentals, STR Management, Real Estate Investment, Cash Flow, Delegation, Networking, Business Acquisition, Vending Machines, Turo, Market Insights, Airbnb, short-term rental, business growth, health, fitness, entrepreneurship, delegation, personal development, goals, lifestyle
