Today Jonny talks about the short-term rental market with Tim Hubbard. Tim is an international real estate investor, world traveler, and self-proclaimed digital nomad. He also owns and operates a multi-million dollar short-term rental business, REST Methods.
They discuss:
1. His portfolio and what markets he is in
2. How he built his virtual team and created what he has now
3. His pricing tools for his rental properties
Tim is originally from Sacramento, CA, and started his career in real estate as an investment broker selling multi-family and commercial properties in Northern California. He worked with a small team of five who completed over $2 billion in transactions cumulatively. He has been personally investing in real estate for the last 11 years. He has since acquired a multi-million dollar portfolio comprised primarily of small multi-family properties in multiple markets.
He has traveled extensively throughout the world in over 70 countries and stayed in hundreds of different short-term rental accommodations. About 7 years ago, he realized the high returns that could be made from converting properties into furnished short-term rentals and renting them by night. Through trial and error, he has figured out how to set up operations so that the business could be passive. He has since successfully accommodated over 15,000 guests with excellent reviews from all over the world.
He continues to expand with his teams' help and manages everything remotely from his home in Medellin, Colombia. He also teaches others to do the same. He shows them how they can successfully increase their income 3, 4, or even 8x by implementing the right strategies to convert existing long term rentals into nightly rentals.
He’s a co-author in the Amazon best-selling book “Resilience” and the host of the popular “Short Term Rental Riches” podcast.
Learn more about Tim:
Website: https://restmethods.com/
Email: tim@restmethods.com
Check out his podcast, Short Term Rental Riches: https://strriches.com/
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