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Welcome to another exciting episode! Today, we have a special guest, David Ross, who owns seven properties, with many located in California. He's also working on a property in Mexico! 🎉🏡
We're particularly intrigued by David's Airbnb strategy, so we asked him to share his insights on all things Airbnb. 💡🏨
In this episode, he'll take us through his real estate journey, including his experience with buying distressed properties that already have tenants. We'll also delve into some intriguing topics, such as David's efforts in rewriting Airbnb regulations. He'll share why short-term rentals have become an ideal industry for couples and share his favorite business practices that he likes to replicate.
Additionally, he'll give us a sneak peek into one of his Mexico properties, showcasing the allure of international living and the potential of short-term rentals as both an investment and lifestyle choice. 👫🏡🌎💰
Tune in to this episode as we learn from David Ross about his successful Airbnb strategies, his unique approach to real estate, and the exciting world of short-term rentals. Get ready for valuable insights and inspiring stories that will help you navigate your own real estate journey! 🎧📚🔥
TIMESTAMPS:
00:59 - Guest Introduction
01:01 - Airbnb horror story
04:05 - Giving tenant owners their notice to move out
06:51 - Before short term rentals and ending up in real estate
11:34 - Rewriting Airbnb regulations
15:34 - Source of income outside the properties that refunds them
20:28 - It's a couple's industry if you can get into it as a couple
24:45 - Area of projects for rinsing and repeating
29:15 - Mexico for exploring living internationally and buying real estate
33:13 - Renovation cost and timeline for the property in Mexico
35:57 - Looking for properties that has the ADU
37:26 - Running properties multiple ways
40:50 - The defining factor to refinance
43:43 - An investment and a lifestyle play
46:05 - Closing
Quotes:
"It does seem like moving mountains, but I didn't really know that you could email these people, call 'em. You can actually just talk to them and say Hey, this is what I'm trying to do. I'm not from the Bay Area trying to bring in all this money and ruin our town or whatever."
Connect with the KarWells
Website: https://thekarwells.space/stay-with-us-2
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Connect with the Guest
Instagram: https://www.instagram.com/davidneilross/?hl=en
https://www.instagram.com/casadelaross/?hl=en
https://www.instagram.com/theharperinn/
Hosted by Emily Karnaz & Sarah Glidewell // The KarWells
You can view the video & audio version on our Youtube Channel
Thanks for listening!
