How do we create a profitable short-term rental business? In this episode, Alex Jarbo shares his experience in the short-term rental space, how it's changed over the years, and what advice he has for those who are interested in getting involved. Listen closely as he shares practical information on pricing, zoning, and financing with these developments. Alex also recommends thinking carefully about the market you're in and taking advantage of the tools and resources out there to keep you prepared as you take on these projects.
Alex Jarbo is a short-term rental developer and manager. He was born and raised in Detroit
Michigan. He served in the Marine Corps for 4 ½ years, where he was stationed in Washington DC as part of the Marine Corps Honor Guard. He left the Marine Corps at 22 years old to pursue his career as a real estate professional. He is the founder and CEO of Sargon Investments, and he has a goal of developing 650 cabins in the next 3 years. Alex holds an MBA with a concentration in Real Estate Development and is currently finishing a Doctorate in Business with a concentration in Leadership. He is the host of the YouTube Channel Alex Builds, where he teaches the ins and out of short-term development and management.
[00:01 - 14:23] Curating Your Property Portfolio
[14:24 - 28:02] Financing and Structuring a Short-Term Rental Development
[28:03 - 43:39] How to Create a Profitable Short-Term Rental Business
[43:40 - 45:51] Closing Segment
Connect with Alex Jarbo via his website www.AlexJarbo.com (not live yet)! Check out his course here - https://sargoninvestments.com/.
If you are interested in my coaching and consulting program, please reach out to me through email at shane@shanemelanson.com. I want to make sure to cater to those interested, so please use the word "coaching" on the body or subject line.
You can also follow me on Linkedin, and Twitter. If you would like to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.
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Tweetable Quote:
"I like to invest in scenic markets, markets that have some sort of scenic outdoor type of feel to them… The reason why that combination does so well is [that], during the high season…the area becomes the attraction. And during the slow season, the unique property becomes the attraction." - Alex Jarbo
