Shows
Profit First for Real Estate Investors with David RichterTim Hubbard: Stop Leaving Money on the Table with Your Long Term RentalWhat happens when you run the numbers on the Airbnb you're staying in and realize it beats every turnkey rental you toured that day? For Tim Hubbard, it meant walking away from the long term rental deal he flew to Tennessee to find, buying a historic eight-unit apartment building instead, and converting it to short term rentals. That single property went on to earn roughly eight times what it produced as a long term rental, and it set him free.In this episode, host David Richter sits down with Tim to trace the whole journey: discovering Rich...
2026-06-1528 min
Real Estate UndergroundB-Class Property, A-Class Management: The Short-Term Rental Edge with Tim HubbardShort-term rentals are supposed to be the most hands-on asset class in real estate. Tim Hubbard runs hundreds of them across the U.S. and multiple countries—without ever being on the ground.
Tim is the CEO and co-founder of Corzly, the virtual management company he built after 16 years of operating his own short-term rental portfolio from outside California, then outside the U.S. entirely. His team handles pricing, listings, guest communication, and back-end operations across Eastern Europe, South Africa, the Philippines, and South America—while the owner still controls the housekeepers and maintenance on the ground.
2026-06-0928 min
Short Term Rental Riches343. 10 Ways to Collect Airbnb Guest Contact Info (Without Getting Flagged)Download the Guest Contact Info Capture Checklist Your Airbnb account can change overnight. Algorithm shifts, fee increases, a sudden suspension, and if your entire guest relationship lives inside the platform, you have nothing. In this episode, Tim walks through 10 platform-compliant ways to collect your guests' real contact info, legally, automatically, and without sending a single message that could put your listing at risk. The in-property QR code strategy that converts at the highest-intent moment of any guest stay — and why the offer matters more than the placement How WiFi login tools like Stayfi turn a...
2026-06-0911 min
Short Term Rental Riches342. Airbnb's AirCover: What It Actually Covers (And What It Doesn't)If you're an Airbnb host, you've heard the pitch: three million dollars in AirCover protection. Sounds bulletproof. But after managing over 50,000 guests, Tim has seen why the gap between the promise and the payout catches so many hosts off guard. The claims process is more specific than Airbnb lets on, and knowing it before something goes wrong changes everything. How AirCover actually works: it is a goodwill program, not contractual insurance, and that distinction matters the moment you file a claim The 14-day filing window most hosts have never heard of, and why the old "60 days"...
2026-06-0212 min
The Real Estate Investing ClubThe Airbnb Wealth Blueprint with Tim HubbardJoin an active community of RE investors here: https://linktr.ee/gabepetersenSHORT-TERM RENTAL INVESTING STRATEGIES 🏡💰In this episode of The Real Estate Investing Club Podcast, I sit down with real estate investor and short-term rental expert Tim Hubbard to break down what is really happening in the Airbnb and vacation rental market right now. If you want to learn how to build passive income with short-term rentals, scale a real estate portfolio, create financial freedom through real estate investing, or understand the future of Airbnb investing in 2026, this conversation is packed with actionable insights.T...
2026-05-2829 min
Short Term Rental Riches341. 4 Best Security Cameras for Your Airbnb (Plus the One I Actually Use)Most hosts put up a security camera and call it done. But the right setup does far more than watch the front door. In this episode, Tim breaks down the three features every STR camera needs, compares four popular options, and reveals how cameras can verify guest counts, catch unauthorized pets, and support your housekeeping team — all while keeping your listing fully compliant. Discover the three non-negotiable features any STR security camera needs before you spend a dollar — and the one common feature that actually does not matter Get a side-by-side comparison of Ring, Google Nest, Arlo, and Reoli...
2026-05-2610 min
Short Term Rental Riches340. Airbnb Cheap vs. Expensive Furniture: Where to Splurge and Where to SaveDownload the Furniture Checklist 👉 https://corzly.com/furniture-checklist/ Most hosts guess their furniture budget and hope for the best. In this episode, Tim shares his full real Orlando property breakdown — $40,983 in costs, by category — plus the framework he uses on every new property. From knowing where to always splurge to building your annual refresh cycle, this is the furniture episode every STR host needs. Find out why more expensive furniture does not always mean better returns — and what the difference actually comes down to when you look at the numbers Discover the $10-20 per square fo...
2026-05-1921 min
Booked Solid Show - Short Term Rental PodcastScaling 220+ STRs and Direct Bookings Without Losing Your Brand with Tim Hubbard"You can have a perfect property, listed perfectly, with perfect reviews — but if it's not priced right, people just won't book it." — Tim HubbardWhat does it actually look like to run a short-term rental business from thousands of miles away, across 40+ cities, in multiple countries, and still deliver a five-star guest experience consistently?That's not a hypothetical. That's what Tim Hubbard has built.In this episode of the Booked Solid Show, Gil sits down with Tim, founder and CEO of Corzly, a remote-first hosp...
2026-05-1447 min
Short Term Rental Riches339. From Owner to Exit: How to 10X Your STR ValueShort-term rental management companies are becoming some of the most sought-after businesses in hospitality — but what actually makes one valuable? In this episode, Tim sits down with Jacobie from C2G Advisors, who has helped close over $750 million in STR business transactions. From EBITDA and profit margins to AI efficiencies and buyer demand, this conversation breaks down what operators need to know to grow smarter and potentially position their company for a future exit. Why clean financials and accurate reporting dramatically increase business value The EBITDA ranges and valuation multiples buyers are paying right now How operational systems an...
2026-05-1245 min
The Hotel Investor PlaybookAn STR operator's $4 million bet on building a boutique hotel in Colombia | Tim Hubbard E76What does it actually cost to build a boutique hotel from scratch in a foreign country? More than you think, and not just financially.A short-term rental operator running 220+ properties across 40 cities is now three years into building a 20-unit boutique resort in Medellin, Colombia. No bank financing. A licensing process that restarted from zero. And a price tag is climbing toward $4.5 million. Tim Hubbard joins the show to walk through every layer of this project with total transparency.In this episode, you'll discover:The real cost breakdown of a ground-up international hotel development...
2026-04-0748 min
Short Term Rental Riches331. STR/Airbnb Q&A: AI Tools, Tasks & Revenue in 2026 (Part 1)The short-term rental landscape is evolving fast—and if you're not adapting, you're falling behind. In this live Q&A, Tim Hubbard breaks down the realities of dynamic pricing, AI-powered guest communication, and the systems top operators use to stay competitive. From pricing pitfalls to automation myths, this episode uncovers what's really working right now… Key Takeaways: Why relying solely on dynamic pricing tools could be costing you thousands—and how to fix it The hidden flaw in "base pricing" that most hosts completely overlook How review scores and listing performance should directly impact your p...
2026-03-1721 min
Alex and Annie: The Real Women of Vacation RentalsThe Virtual Property Management Model Explained with Tim Hubbard of CorzlySend us a message!In this episode, Alex & Annie sit down with Tim Hubbard, CEO of Corzly, to break down how a virtual property management model actually works and what it takes to make it successful.Tim started in long-term rental investing before shifting into short-term rentals more than a decade ago. As his portfolio grew across multiple states, and eventually internationally, he built the systems needed to manage properties remotely. That operational backbone became Corzly, a virtual management partner now supporting property managers in more than 40 cities.Tim shares how their white-label...
2026-02-2535 min
Short Term Rental Riches325. Managing 5 Properties vs. 20: The Real DifferencesScaling a short-term rental portfolio sounds exciting — until the cracks start to show. In this episode, Tim breaks down the real differences between managing 1–5 properties versus scaling to 10–20 units. From systems and staffing to pricing and mindset, you'll learn why growth magnifies everything — and what to fix before it costs you time, money, and sanity. Key Takeaways Why portfolios hit major breaking points between 10–20 units — and how to prepare for them The systems, SOPs, and technology you must have before scaling How delegation (and lack of it) directly impacts reviews and revenue The hidden revenue losses most hosts do...
2026-02-0314 min
The Incredible MachinesLearning To Fly: Jeff HubbardWelcome to Episode 35 of The Incredible Machines Podcast! In this thought-provoking conversation, Jon Oliff and Luke Holden sit down with Jeff Dean Hubbard, a professional bodyboarder and entrepreneur from Hawaii. We discuss Jeff’s journey from his early days on Kauai to becoming a world champion and co-founding Hub Boards with his brother Dave.
He shares insights on bodyboarding culture, product innovation, and the challenges of running a specialized sports brand. The conversation covers community traditions, the cyclical nature of the sport, and balancing family life with business. Jeff’s reflections highlight the importance of passion, resilience, and staying conn...
2025-12-2341 minThe Incredible MachinesLearning To Fly: Jeff HubbardWelcome to Episode 35 of The Incredible Machines Podcast! In this thought-provoking conversation, Jon Oliff and Luke Holden sit down with Jeff Dean Hubbard, a professional bodyboarder and entrepreneur from Hawaii. We discuss Jeff’s journey from his early days on Kauai to becoming a world champion and co-founding Hub Boards with his brother Dave.
He shares insights on bodyboarding culture, product innovation, and the challenges of running a specialized sports brand. The conversation covers community traditions, the cyclical nature of the sport, and balancing family life with business. Jeff’s reflections highlight the importance of passion, resilience, and staying conn...
2025-12-2341 min
Short Term Rental Riches314. The Hidden Costs of Quitting Airbnb (My True Story)Is Airbnb still worth it? In this episode, Tim shares why he took one of his short-term rentals offline—revealing the real earnings, tenant conflicts, and whether switching to a long-term tenant paid off. If you're facing STR fatigue or weighing your rental options, this candid story may change your strategy. • Why a small studio in Memphis seemed like the perfect STR… until it wasn't • The hidden management headaches of mixing short- and long-term tenants • How STR market saturation quietly crushed revenue expectations • Why a midterm rental wasn't the right solution this time • What Tim would...
2025-11-1813 min
Short Term Rental Riches313. Hospitable CEO: How we Manage $5B in Annual ReservationsIn this episode of the Short-Term Rental Riches podcast, Tim sits down with Pierre, the CEO of Hospitable, a leading property management software that powers hundreds of thousands of properties across the globe. Pierre shares the story behind Hospitable's founding, its incredible growth over the last nine years, and the unique challenges they've overcome to help property managers automate and streamline their operations. Origin Story of Hospitable From 0 to over $5B in reservation revenue AI vs. Human Touch in Hospitality Impact of Dynamic Pricing and Automation The Future of Property Management Software Tune in for an insightful c...
2025-11-1140 min
Raising Private Money with Jay ConnerFrom Landlord to Superhost: How to Maximize Cash Flow With Short-Term Rentals with Tim HubbardIf you’ve ever dreamed of making more money from your property—without added stress—there’s an innovative approach gaining traction among real estate investors. On a recent episode of the “Raising Private Money” podcast, Jay Conner sat down with Tim Hubbard, CEO and co-founder of Corzly, to uncover how everyday properties can become high-performing, hands-off revenue streams.As Jay shared his personal experience, he transformed his traditional rental, the Farmhouse, into a short-term rental with Corzly’s help—and quadrupled his revenue. The kicker? He got to enjoy that extra income with almost zero stress, thanks to Corzly...
2025-09-0446 min
Short Term Rental Riches300. 50 000 Guests Later: My 10-Year STR Journey & What's NextIt's our 300th episode, and we're pulling back the curtain on 10 years of short-term rental success! From 50,000+ guests to managing properties in 3 countries, Tim reflects on the real journey—wins, losses, and the seven books that changed everything. If you're serious about STRs, this milestone episode is one you don't want to miss. ● The early days: managing STRs from across the hall to managing globally from afar ● Why falling in love with the problem is the real secret to scaling your business ● The 7 life-changing books that built the foundation of long-term STR success ● How STR manage...
2025-08-0825 min
Short Term Rental Riches298. Is The STR Crash Real? 5 Years Of Actual DataHow much money do short-term rentals really make after five years? In this episode, Tim pulls back the curtain on one of his personal properties, revealing actual numbers - gross, net, and everything in between. As the STR landscape shifts nationwide, find out how rising supply and falling rates are impacting returns and what to do about it. • Discover supply surges in major STR markets • Hear the full breakdown of Tim's Memphis STR: gross income, cash flow, and true ROI • Learn why 2022 was an outlier year for many STRs and what's changed since • Get 5 proven w...
2025-07-2921 min
Called 2 Serve Podcast🎖️ Infantryman. Sniper. Army Basketball Player. Coach. Podcaster. Called 2 Serve Podcast EP 32 - Tim "Birdman" Simpson🎖️ Infantryman. Sniper. Army Basketball Player. Coach. Podcaster.Meet Tim Simpson, a man of many talents—and even greater purpose.In this week’s episode of the Called 2 Serve Podcast, Tim joins host Reggie Hubbard to share his incredible journeyfrom 10 years of military service to coaching, mentoring, and using his voice to serve others.💥 Hear how he overcame physical and mental battles🧠 Why mental health and patience are crucial for veterans🏀 How he now coaches and mentors young athletes🍳 And yes—his passion for cooking too!This episode is a raw, upli...
2025-07-0846 min
Short Term Rental Riches288. Rental Maintenance Costs: Short-term vs. Long-termThink long-term tenants cause less damage than short-term guests? Think again. In this episode, we dive into surprising data from Tim's personal portfolio showing how short-term rentals can actually reduce your maintenance costs. Discover the real numbers, real stories, and real savings that might change your rental strategy forever. Why long-term rentals may cost you more in the long run—especially after tenant turnover Real-world maintenance savings Tim uncovered over 10+ years of STR operations How frequent cleanings and guest stays actually help preserve your property The secret power of proactive maintenance in short-term rental success What la...
2025-05-2015 min
Short Term Rental Riches287. Booking.com's NEW Damage Program: What Hosts Need to KnowWhat happens if a guest damages your short-term rental and they booked through Booking.com? Good news: they now offer host protection. But it's not as great as it sounds... In this episode, we break down the truth behind Booking.com's new damage policy, what's covered, and why you still might want to stick with deposits. 5 Key Takeaways: • The Damage Policy Breakdown: Booking.com now offers a host damage protection program, but it's filled with fine print and limitations. • Deposits vs. Damage Program: Learn why collecting a deposit might offer stronger prote...
2025-05-1315 min
Short Term Rental Riches283. 5 Reasons Your Automated Pricing Tool is FailingThink your dynamic pricing tool is doing all the heavy lifting? Think again. In this episode, we expose five major flaws that could be silently draining your rental revenue. With insights from managing properties in 20+ cities worldwide, Tim breaks down why pricing automation isn't truly "set it and forget it"—and what to do instead. Get ready to plug the leaks and boost your bottom line. • Discover the #1 reason pricing tools misfire—and why their data isn't as accurate as you think • Learn why "one price fits all" fails across platforms like Airbnb, VRBO, and Book...
2025-04-1512 min
Short Term Rental Riches281. The Secret to High-Yield Vacation Rentals? Think Small, Earn Big!The short-term rental market has evolved, and unique properties are leading the way! This week, Tim Hubbard welcomes back Dave Zook of Zook Cabins to discuss how modular cabins are reshaping STR investments. Discover why smaller, high-quality units can generate massive returns and how turnkey solutions simplify the process for investors. What You'll Learn in This Episode: Why modular cabins outperform traditional STR properties How investors can test the waters with a single unit before scaling The surprising ROI of compact, high-quality park model homes The benefits of tax-friendly...
2025-04-0326 min
Short Term Rental Riches279. MEET the Founder of the Industry's Most Powerful Dynamic Pricing Tool!Pricing your short-term rental is no easy task—but with the right tools, you can maximize revenue and occupancy. In this episode, Tim welcomes Anurag Verma, co-founder of PriceLabs, to discuss how dynamic pricing has evolved, why data-driven decisions matter, and how hosts can optimize their strategies in an increasingly competitive market. In This Episode, You'll Learn: How PriceLabs grew from a beta tool to managing 450,000 properties worldwide Why pricing flexibility leads to higher earnings The most underutilized feature in PriceLabs that hosts should be using How AI and au...
2025-03-1835 min
Short Term Rental Riches278. Virtual Management Evolution: Meet Tim's Partner and Find Out What's Next!Property management is evolving, and virtual management is leading the way. In this episode, Tim welcomes Justin Winfield, a real estate veteran and co-founder of Corzly Inc, to discuss why the traditional model is broken—and what the future holds for property owners. Justin shares his global real estate journey, from China to Vancouver to Colombia, and why he believes technology-driven management is the key to maximizing revenue while reducing headaches. In This Episode, You'll Learn: Why traditional property management is outdated and inefficient How virtual management increases revenue and improves guest experience...
2025-03-1129 min
Short Term Rental Riches276. Fixing Failing Housekeeping Strategies for 5-Star Airbnb ReviewsHousekeeping is one of the biggest contributors to short-term rental success. Yet, large property managers are consistently failing in this area, leading to bad reviews and lost revenue. In this episode, we look at national review averages from over 5,000 vacation rentals in the most popular areas and why they have averages from 4.02 to 4.62! Tim Hubbard discusses why property owners should consider hiring their own housekeepers to maintain higher standards and create better guest experiences. Housekeeping & Review Scores – Why cleanliness impacts guest ratings and revenue. Large Property Managers' Shortcomings – How inconsistent housekeeping team...
2025-02-2510 min
Short Term Rental Riches271. Boutique Hotels vs STRs: Rich Somers Explains Why They're the Future of Real Estate in 2025If you've ever wondered how to scale your short-term rental business or pivot into a new real estate niche, boutique hotels might be the perfect opportunity for you. Boutique hotel investing combines the fundamentals of STRs—guest experience, revenue management, and location—but on a much larger scale. And the best part? Unlike single-family STRs, boutique hotels are valued based on income, not comps, giving you more control over asset appreciation. In this episode of Short Term Rental Riches, Tim interviews Rich Somers, a seasoned real estate investor with an $80M portfolio of boutique hotels. Rich shares his...
2025-01-2146 min
Streams to ImpactDebunking Airbnb Myths and Maximizing Short-Term Rental Profitability with Tim Hubbard - REIA - 454We'd love to hear from you. What are your thoughts and questions?Main Theme:In this insightful episode, Dr. Allen Lomax is joined by Tim Hubbard, an international real estate investor with a specialty in short-term rentals. The discussion centers around transitioning from long-term to short-term rentals, leveraging technology for efficient property management, and employing data-driven strategies to maximize profitability in the ever-evolving short-term rental market.Key Points Covered:Transition from Long-term to Short-term Rentals:Tim Hubbard explains the higher profitability potential of short-term rentals compared...
2024-05-2831 min
The Urbanaut PodcastEp. #14: Tim Carpenter - Shaping the Contours of Perception Through Photography🎙️ Welcome to Ep. #14 of The Urbanaut Podcast, presented in collaboration with Urbanautica.com. In this illuminating episode, we engage in conversation with the distinguished American photographer and writer, Tim Carpenter. From the heartland of Illinois to the bustling streets of Brooklyn, Tim shares his journey through photography, delving into the profound philosophies that drive his work and exploring his notable projects: "Local Objects," "Christmas Day, Bucks Pond Road," and his insightful book, "To Photograph Is To Learn How To Die".
About Our Guest: Tim Carpenter
A blend of visual artistry and literary depth...
2024-03-101h 32
Short Term Rental Riches192. Are your Property Taxes too High?Let's face reality here… there's no getting around your property tax. You have to pay for it. But, that doesn't mean you have to pay all of it! Many people have been caught off guard lately at their huge property tax increases. This week we'll break down why this is happening. We're going to go one step further too because unfortunately, your taxes don't stop with just property tax. Yes, those of us that have the luxury of being involved in the short-term rental world also have a...
2023-07-1810 min
Short Term Rental Riches189. Your Property Scorecard: How to Measure and Improve Your Property PerformanceThese days there are so many resources and experts for every industry. They seem to come from all directions. Some even seem to become experts overnight (be careful). It's no different in the short-term rental world. We've talked about some of those experts in the past, we've had some of them on the show, and we're always discovering new ones and people to go-to. But does any of that really matter? It might… If you're using the advice and research wisely then absolutely. We don't want you to get int...
2023-06-2711 min
My Latin Life PodcastTim Hubbard on Short Term Rentals in LatAm | My Latin Life Podcast #85 🌴Tim Hubbard is the the host of The Short Term Rental Riches Podcast and he has successfully accommodated over 15,000 guests in his 60+ properties. He also helps others invest in short term rentals through his Rest Methods platform, where he shares strategies and covers market research tips. 🌴Timestamps:00:00 Language Blend00:28 Tips for offering a high quality rental property01:05 Introduction02:13 The beauty of Balneario Camboriú02:50 Living between Brazil and Colombia05:30 The Short Term Rental Riches podcast06:33 How Tim started investing internationally08:50 Investing in real estate in Brazil11:12 Investing in real estate in Balneario Camboriú14:08 A short term rental as a business model...
2023-06-111h 27
Short Term Rental Riches173. Lessons from one of the industry's leading experts (Jasper Ribbers)There is a lot to learn in the short-term rental industry. The environment is constantly changing; new tools, tips, markets to look for, and best practices to incorporate into your short-term rental (or your upcoming purchase). Too much to learn in fact that there is no way for me to process it all myself. So to change things up a bit, I've decided to bring on a few other experts in the space in the coming weeks. And if I had to name one of the industry's most well known experts… a man that literally wr...
2023-03-0736 minShort Term Rental Riches168. Renting Your Property By the HourHave you thought about renting by the hour? I know what you're thinking… Tim you have stooped too low. I'm not about to start running a brothel. Besides, even if I wanted to, that's not even legal. No, I'm not talking about running a brothel. The truth is there are lots of legal, productive, and lucrative ways to rent your short-term rental by the hour. The best part, if your property is already set up there not much more to do! The platform is here. So, let's dive in! We will discuss: Is re...
2023-01-3111 minShort Term Rental Riches148. Short term rentals are LESS RISKY than long term rentalsOne of the first things most people think of when they think of renting their property on Airbnb is "Someone is going to destroy it!"Yes, this is possible but it's very unlikely. The truth is, I actually think that long term rentals can be much more risky than short term rentals. I'll explain shortly. I've been investing for over 12 years and throughout the years I have not been particularly biased towards any one specific type of real estate to invest in. I started my career as a commercial real estate broker working exclusively with...
2022-09-1313 minShort Term Rental RichesThe Risks and Opportunities with Short-term RentalsI've been investing for over 12 years and have not been particularly biased to any one type of real estate to invest in. I started my career as a commercial real estate broker working exclusively with investors and different real estate investment options. The small team I worked with completed over 2 billion (with a B) in real estate transactions including everything from shopping centers, to warehouses, to apartment buildings. There are many, many different niches of real estate niches to invest in and within each "sector" of real estate lies even more sub-niches. Short-term rentals are just one...
2022-07-0521 min
The Expat Money Show - With Mikkel ThorupTim Hubbard's Secret to Expat Wealth via Short-Term RentalsTim Hubbard is the 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 has travelled extensively throughout the world, visiting more than 70 countries and staying in hundreds of different short-term rental accommodations.
SNEAK PEEK INTO TODAY'S CONVERSATION WITH TIM,
The benefits of living downtown and renovating an apartment to make it into a Short-Term Rental and earning $20,000 a month from it!
Best advice ever to first-time investors who are looking to get into Short-Term Rentals in your own city or country.
W...
2022-04-271h 03
The Multifamily Journey Podcast45. Converting Multifamily Into CASH COWS Using Short-Term Rentals with Tim HubbardJoin Blake Dailey, the Multifamily Journey Podcast host, with his guest Tim Hubbard, as they talk about converting multifamily into cash cows using short-term rentals. Tim Hubbard has perfected this marriage of multifamily and STRs and he has set up his systems to allow him to manage his portfolio of dozens of units, in 3 different markets, all from the comfort of Columbia. To find out more, stay tuned and enjoy the episode!In this episode, you’ll learn:• Tim's real estate journey• Long-term rental and short-term rental financing pros and cons• STRs and...
2021-09-2833 min
Short Term Rental RichesNegotiating a Better Lease Rate for Lease ArbitrageAt first glance you may think that a landlord would never want to rent you his or her rentals so that you could sub-lease them and put them on Airbnb. There are parties, increased wear and tear, and much more liability with short-term rentals right?? Isn't there? Well, if you've listened to this podcast for some time you know that's not really the case. When managed properly short-term rentals can help you earn far greater returns without all the headache. And while you can also earn better returns so could a potential landlord leasing their rentals to you. I...
2021-03-2310 min
Short Term Rental Riches10 Must-Have Photos in Your ListingsThe short-term rental industry has come a long way since Airbnb was first advertising blow-up air mattresses for rent. While some cities have blown up much more than others, most people (in the world) have now heard of Airbnb and short-term rentals. So we need to up our game! We need to be constantly improving our listings to set ourselves apart. This week we'll break down a few new listing photo ideas as well as 10 must have's we have been using for a long time Want a crash course in just two days with everything y...
2021-03-1615 min
Short Term Rental RichesHow to Use a "Virtual" Phone Line with Your Airbnb AccountAirbnb has restrictions on using virtual phone lines when you set up your account. Having a single phone number is also limiting when we are scaling our portfolios! So how do we get around using one main phone number on airbnb? How do we get around Airbnb not allowing us to use a virtual phone number like google voice? I've got an easy tip for you. I've been using a business phone line for years and it has made sooo many things easier. We'll discuss this week why you should have one too and dig in to the following: ...
2021-03-0810 min
Short Term Rental RichesOperating Our Rentals Remotely - The Secret IngredientIf we look at our businesses and processes from the perspective of "how" we are going to manage them, grow them, operate them or accomplish them, than we are committing our time directly to those tasks. For every time we ask ourselves "how" we are limiting ourselves to our own resources and time. I read a book recently that will make you think twice about that mindset and I feel obligated to share it with you! The advice will surely help you scale your real estate portfolio. Asking "Who" not "How" and the main idea What procrastination r...
2021-03-0214 min
The Startup LifeTim Calkins (College Professor & Consultant)In this episode, we talk to Tim Calkins (College Professor & Consultant) as we discuss this year's Super Bowl Ads, his book, and so much more.
Be sure to check out TimCalkins.com
Purchase his book How To Wash A Chicken: Mastering The Business Presentation
**More On Tim**
Tim is a marketing professor, author, speaker and consultant.
His newest book is a guide to creating and delivering powerful business presentations. It is titled How to Wash a Chicken: Master the Business Presentation. You can read more about the new book here.
Tim is Clinical Professor of Marketing at Northwestern University’s Ke...
2021-02-2442 min
Short Term Rental RichesControl (The Beauty of Real Estate vs. Other Investments)Many things are out of our control like the government policies of different nations, the news, or the weather but when it comes to our investment decisions we can absolutely maintain control. This is one of the main reasons more people become wealthy through real estate than any other investment class. Control of our properties' is what allows us to improve it's value, change it's use, improve management, list it for sale, or restructure our debt; that cannot be said for many other asset classes. We cannot control the value of most other investments and that's why I've chosen...
2021-02-2308 min
Millennial Millionaire Real Estate Podcast#176 with Tim Hubbard: Building an Operation with Over 30 units & Managing From AnywhereIn this episode, Jonathan Farber interviews Tim Hubbard on his journey from his first househack after reading Rich Dad Poor Dad to building an operation with over 30 units that can be run from another country. Tim is a short term rental expert and podcaster working from Columbia. In this episode, we delve into topics like: getting STR going without a W2, benefits of STR, finding STR markets, and more!
Top Takeaways:
Starting up short term rentals without a full time job - 12:15 - 14:00
Any employment you can keep while you get your first few...
2021-02-1653 min
Short Term Rental RichesBuying International Property? Beginner Tips You Need To KnowIt's such an exciting thought, isn't it? Owning property in another country. It has a nice exotic ring to it. And while purchasing international real estate can provide so many benefits beyond a simple investment return, it's not necessarily the easiest thing to get into. This week we'll cover a few lessons I've learned and some things to look out for investing in a "foregin" place. What to do in a brand new (foreign) market Precautions for foreigners investing from abroad Differences in the property search What you will likely encounter Side benefits to purchasing internationally Want a c...
2021-02-1617 min
Short Term Rental RichesAre You Meeting Your Guests' Expectations?An experience is none other than an expectation and whether that expectation was met or not. Great reviews and experiences happen when our experiences are exceeded. The opposite is obviously true as well and I'm sure you remember plenty of times where you went somewhere like a restaurant, a new city, a friend's a party, with an idea of what the experience would be like but it turned out to be completely different. You will hear many successful sales people say to always "exceed expectations." Why? Because they know if they do they will receive great feedback, more business...
2021-02-0907 min
Short Term Rental Secrets PodcastEp 38 - Operating 32 STR Units from Medellin, Colombia with Tim Hubbard
GUESTS BIO
Tim Hubbard - Tim 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 cumulatively over $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. He has traveled extensively throughout the world in over 70 countries and stayed in hundreds of different short-term rental accommodations. About five years ago he realized the high returns that...
2021-02-0839 min
Short Term Rental RichesThe Mandatory One Page Printout (All Your STR's Should Have)Our guests have the best experience when their questions are answered before they even ask them. There are many ways to do this, lots of which we have discussed in prior episodes like guidebooks and automated messages, but there is a third piece that's super simple to implement. A third piece that is often more helpful for our older guests that shy away from technology and digital apps. This week we're talking about old school guidebooks. Yes, printed versions. Should we have one in our rental? What should it consist of? This week we'll break down...
2021-02-0212 min
Short Term Rental RichesONE New Tool to Organize EVERYTHINGHow do you create a passive operation? Whether it's a portfolio of real estate, a short-term rental company, or any other business. Well, first of all, you have to have a place to put all of your standard operating procedures; the pieces of your business puzzle that tell all of your team exactly what they need to know. There are lots of ways to do this and I've explored many of them but I'm happy to say I believe I've found a new winner! I've discovered a tool that I'm confident will provide you the platform to easily organize...
2021-01-2610 min
Short Term Rental RichesProfessional Tax Advice From My CPA - Part 2I've mentioned the benefits of being a real estate investor when it comes to taxes in multiple episodes, but no one knows this subject better than Amanda Han, my CPA and personal tax advisor. Not to mention, she sees the behind the scenes PROOF that short-term rentals can earn excellent returns! Since she is the professional in the space I thought it would be great to bring her on in a 2-part series to hear directly from the source. You don't want to miss this! In this second part of a two part series we'll cover: Se...
2021-01-1929 min
Short Term Rental RichesPro Tax Advice directly from my CPA (part one)I've mentioned the benefits of being a real estate investor when it comes to taxes in prior episodes, but no one knows this subject better than Amanda Han, my CPA and personal tax advisor. She sees the behind-the-scenes PROOF that short-term rentals can yield excellent returns! Since Amanda is the professional in the space I thought it would be great to bring her on in a 2-part series to hear directly from the source. You don't want to miss this! In this first part we'll cover: How does the IRS define a short-term rental? How can you offset W...
2021-01-1224 min
Short Term Rental RichesAre the Numbers You're Hearing Real? (And What's a Pro Forma?)We often hear statistics that seem to be good to be true… and oftentimes they are! Percentages in particular can be the most misleading if we have nothing to compare them to and if the sample size is small. We are targeted by advertisements and they are usually designed with a hidden agenda to sway your opinion or gain your interest. The same thing happens in real estate. Many times this is in the form of a "pro forma." What's that exactly? Tune in this week as we unveil how sometimes statistics (and pro formas) are skewed to sway ou...
2021-01-0516 min
Short Term Rental Riches6 Steps to Get Started as a New InvestorThere is so much data out there. Invest here, invest there, now is a bad time, now is a good time, and so on and so on. So where do we start? What should a brand new investor be doing to get started and what are the steps? This week Tim will break down the basic process for anyone looking to invest in real estate from a bird's-eye view. Of course, you will need to do a lot of due diligence, but this week we'll cover the basics including: The 'money' part The 'deciding what you want' p...
2020-12-2913 min
Short Term Rental RichesAre You Pricing Your STR Right?I am constantly learning and improving my rentals and my goal with the podcast is to pass all of that on to you. Part of my continued education includes webinars, youtube, videos and anything I can get my hands on. This week I share what I learned from a recent webinar I attended with the CEO of Wheelhouse, one of the most well-known pricing tools for the STR industry. I'll break down my main takeaways and what you should be keeping an eye on to make sure that you aren't leaving ANY money on the table. The THREE d...
2020-12-2214 min
Short Term Rental RichesIs the Hotel Industry FINISHED?Hotels have been hit harder than ever before in our lifetimes and many, unfortunately, cannot hang on. They're going out of business. Hotels that have been around forever and were once a sought after destination are not staying afloat. What does this mean for travel and our STR's? Well it certainly will affect the SUPPLY of travel accommodations across the world which will directly impact our short-term rentals. Listen in this week as Tim breaks down: The latest hotel stats What happens if the numbers are right? A list of prestigious hotels that are already CL...
2020-12-1512 min
Short Term Rental RichesShort-Term vs. Long-Term Rental? How Much Does it Really Cost?There are a lot of obvious differences in the costs between operating a short-term rental and a long-term rental, but how much more does it really cost? Expenses to manage a long term rental can add up. Let's talk about a few of those and run a comparison to see if you're accounting for all the differences! Expenses you DON'T have with a LONG-term rental Expenses you DON'T have with a SHORT-term rental What about vacancy? Turnover costs you may not be considering Lease-up fees Want a crash course in just two days with everything you need t...
2020-12-0815 min
Short Term Rental RichesInsider Tips From a VRBO Account ManagerWe've talked about the importance of having your short-term rentals on multiple online listing platforms (OTA's). It increases your listing's exposure and thus your occupancy! But not all listing sites are the same. This week Tim reviews insights he gained from an hour long meeting directly with an inside account manager at VRBO. If you are already using VRBO or considering using their platform then this episode is for you. They'll break down: Their fees for listing your property with them How to get more reviews How to boost your search rankings drastically Did you m...
2020-12-0112 min
Short Term Rental RichesLooking for Help Managing Your Properties?Are you looking for a little extra help to manage your properties? Maybe someone to help answer guest questions, coordinate housekeeping and maintenance, or really just to oversee your whole operation? Well, a "co-host" can be a good option. This week we'll look into: What exactly is a co-host? How do you find one? What they can and can't do for you? Paying your co-host automatically You might be able to find some good options by checking out Cohost Market Want a crash course in just two days with everything you need to kno...
2020-11-2405 min
Short Term Rental Riches5 Steps to Combat Smoking in Your UnitAlong with the legalization of marijuana in many parts of the world has come a variety of new apparatuses and misunderstandings about whether it's ok to smoke indoors or not… or maybe it's just that people think they can get away with it now because it's more common and "legal." Well, either way, more and more people are smoking in our short-term rentals! Luckily there are several action steps we can take to combat it and also remove the smells if someone sneaks by our preemptive procedures. Let's dig in to a few tested strategies this week to...
2020-11-1709 min
Short Term Rental RichesAirbnb Took Down ALL of My Listings, This Could Happen to You!Most of us use Airbnb to market our rentals to potential guests because they have become one of the most popular platforms (OTA's) and because they spend millions of dollars on advertising to make sure our properties are visible. But what happens when you are relying on their support and they drop the ball? They recently took down all of Tim's listings with ONLY an email warning and no notification on the Airbnb dashboard. This week Tim will explain what happened, how it could happen to you, and what we need to do about it! He'll also c...
2020-11-1009 min
Short Term Rental RichesThree questions to ask yourself before sellingSupply in the US is at a historic low, in fact the lowest it has ever been in many markets! That's one of the reasons prices are so high and also why a lot of people are considering selling. But, there is more to selling a property than just timing. If you are considering selling make sure it aligns with your bigger investment picture. There are several questions we want to always ask ourselves and make sure we have the answers. Planning is a huge piece of any long term investment and also your path to wealth a...
2020-11-0310 min
Short Term Rental RichesThe REAL Secret to Accomplishing Anything (Special 50th Episode)I can't believe we've hit our 50th episode! We've released one episode per week which means it's almost been a year already! Wow, how time flies. So. for our 50th episode I thought we'd do something special and talk about just that… how time flies and how it either works against us or with us. I'll discuss a guiding principle I've seen as the foundation behind every successful person I know and the REAL reason I've been able to accomplish many of the goals I've set and built a large real estate portfolio. We'll break it...
2020-10-2720 min
Short Term Rental RichesA Designated Workspace is a MUST HaveDo you have a workspace in your short term rental? More people are working from home than ever before so it's imperative that we have a work space for our guests. There are several things to incorporate to ensure our potential guests know what they are getting. Adding a workspace will attract longer term guests to make sure your rentals stay booked. Not to mention, the work from home guests tends to be very low maintenance. Let's dive into a few must haves: Super fast Wi-Fi (and a screenshot) Desk and workspace Description in your photos Extras like a...
2020-10-2005 min
Short Term Rental RichesHow to Determine if You Will Do Well in a NEW MarketIt can be nerve wracking investing in a new market. Will a short-term rental do well there? What happens if it doesn't stay booked? Is there too much competition? These are often questions that race through our minds and keep a lot of people from investing in the first place. Luckily information is readily available to help us determine the potential occupancy, potential average daily rate to charge, seasonality and potential revenue of a market among other things BEFORE we invest there. Tune in this week as Tim discusses: Software tools to forecast demand The metrics; potential occupancy, a...
2020-10-1311 min
Short Term Rental RichesWhat Keeps Us From Purchasing Investment Properties Remotely? (F**R)Purchasing property can be scary. Purchasing property in a new market you're not familiar with will undoubtedly be more scary. How do we know if a new market makes sense? What if we've never visited it before? What if we don't know anyone there? There's a lot of fear and anxiety that pops up. Each time Tim has invested in a new market he has experienced both of these! This week he'll discuss what helped to curb some of his fears investing in new areas and his insights and tips for making sure you don't get in over your...
2020-10-0608 min
Short Term Rental RichesHow to Handle Negative Reviews?They are never fun to get but YOU WILL get them; the dreaded "Negative Review." Our guests are not always right, but it's our job to make them feel that way. Seeing a negative comment about your beautiful property can be difficult. It's tempting to argue and act defensive but that will NOT help your case. Let's talk this week about: What to do when you get a negative review Tips for how to best respond Addressing future potential guests The private comments How responding to all reviews helps your profile (and occupancy) For more info on f...
2020-09-2908 min
Short Term Rental RichesHiring Your OWN Housekeeping Team (Pros and Cons)There are multiple house keeping options for your short-term rentals, but not all of them will be the best fit or make the most sense for you. Depending on what stage you are in with your business and how many rentals you have will most likely determine the best fit for you. There are pros and cons to each method and Tim has explored them all (and currently uses multiple methods in multiple cities)! Last week we discussed hiring a company and individual on a per clean basis and this week we'll look at the alternative; building your own...
2020-09-2207 min
Short Term Rental RichesShould We Hire a Housekeeping Company or An Individual?There are multiple house keeping options for your short-term rentals but not all of them will be the best fit or make the most sense for you. Depending on what stage you are in with your business and how many rentals you have will most likely determine the best fit for you. There are pros and cons to each method and Tim has explored them all (and currently uses multiple methods in multiple cities)! Over the next 2 weeks we'll provide some insight into which option may be right for you and some things to consider. In part one Tim...
2020-09-1508 min
Short Term Rental RichesThey Rhyme With 'Shmed Shmugs' and They Could Cause HUGE Issues for You!You may have heard of these little bugs. Little bugs that have the potential to wreak havoc on your short-term rental(s). Little bugs that only seem to come out at night like the boogie man! They're what you think of when a bed just doesn't look that inviting or when you get a random itch at night in an unfamiliar accommodation. Yes, this week Tim dives into his encounters with bed bugs! He'll break down: Where do they come from? How to get rid of them Tim's experience in one of his rentals How do you handle yo...
2020-09-0806 min
Short Term Rental RichesWhat You Need to Know About Working With ContractorsAlmost every real estate investor has been or will be involved with property improvements, repairs, or general maintenance at some point which means they've had to talk and deal with contractors. Tim is no exception. He has worked with almost 200 different contractors in different cities in the US and other countries! Tune in this week as we cover some basic rules you NEED to follow: 3 tips for getting good estimates from contractors 3 tips for working with contractors How to ensure you're not getting ripped off A recent example where Tim saved over $20,000 for one job How t...
2020-09-0113 min
Short Term Rental RichesUnanticipated Changes in Housing (From COVID-19)Covid-19 has had tremendous effects on the whole world. Many of those effects have been obvious but there are few underlying changes that could potentially have a big impact on our housing supply and demand. When the supply and demand changes so does the price of each individual market. Tune in this week as Tim discusses a few Covid impacts you may not have considered such as: What happens if roommates get their own place? Divorces A baby boom?! Seeking more home space for office For more info on finding the best...
2020-08-2506 min
Short Term Rental RichesThe Top 3 Causes of DamageThere's no doubt about it, your properties will require maintenance. Broken glasses, scuffed walls, stains on rugs, etc. Let's take a deeper dive into your rentals and expected maintenance in the long run: Top 3 things that will cause damage Luggage racks Airbnb prevents users from booking under the age of 25 (without 3 positive reviews) Blocking the calendar for routine maintenance The danger of getting behind! Refer to Episode 12 on budgeting for furniture and Episode 18 on having reserves to cover those costs. Episode 24 for our recommended house rules to protect you from any potential damage....
2020-08-1808 min
Short Term Rental RichesA Password for Everything! How to Manage Them All EffortlesslyIs there anything anymore that doesn't require a password? Not really. From banking to your Kindle account and everything in between - you can't access it without a username and password. It's not different for the short term rental industry. We have countless subscriptions to manage and have consistent access, too. So, let's discuss some best practices this week. You can literally save days of your life by using one of these handy tools! What passwords you need for your STR How to manage them and some useful pointers Which one Tim personally uses How to sha...
2020-08-1113 min
Short Term Rental RichesIs a Short Term Rental the Best Use for Your Real Estate?Often when we hear about real estate it's usually referring to housing and the places we live in. But real estate goes so much further than that! Changing the use of real estate (much like converting long term rentals into nightly rentals) is where value is created. Let's broaden our horizons a bit in this episode as we discuss some of the likely "less conventional" uses for real estate and why we would change the use in the first place. Trends leading to changes in the use of real estate Are STRs increasing the value of our...
2020-08-0415 min
Short Term Rental RichesRemote Airbnb Check In vs. Check In at One of the Largest Hotels in the World!We mentioned it before but now it's official! Some of the world's largest hotels are now using self check in. Tune in for a brief first hand encounter as Tim discusses his experience using keyless entry at the Bellagio Hotel in Las Vegas, Nevada compared with a more remote self check in at an Airbnb in the wine country of Northern California. Self check in in northern California wine country VS. the Bellagio by MGM Grand Why management will get easier as people get accustomed to less personal interaction For more info on fi...
2020-07-2806 min
Short Term Rental RichesHow Much Time Does it Really Take to Manage an STR?Quite possibly the most intimidating piece of managing short-term rentals is the time involved. But how much time does it really take? Can you really make them passive? How much more involved is it than your traditional long term rental? Listen in this week as Tim breaks down the determining factors of how much time you can expect to spend managing your short-term rentals. He'll give you the time he actually spends on his and how you can eliminate it ALL from the equation. Not all rentals require the same amount of time Which factors have th...
2020-07-2112 min
Short Term Rental RichesQuite Possibly the BEST Tax Break Ever (1031 Exchange)Perhaps one of the best tools ever for creating wealth for real estate investors is the section of the tax code 1031. This special little tax advantage lets us exchange property without paying the taxes on our capital gains! You have to be strategic with this one but it is a fabulous tool. Tune in this week as Tim breaks down some of the details and gives you his experience on past exchanges he has completed. The basic rules Using an intermediary Identifying and closing on the property Can you buy multiple properties in one exchange? What h...
2020-07-1413 min
Short Term Rental RichesThe Easiest Way to Keep Track of Your Rental Income & ExpensesAs a real estate investor our goal is to acquire more properties leading to more cash flow and ultimately more wealth. But, as you continue to grow so does your bookkeeping! Even if you love math you may find yourself strongly disliking bookkeeping. It can be tedious and timely. QuickBooks offers a great solution to help streamline all of those expenses and keep you organized. How should you set it up? Tracking multiple properties? Listen in this week as Tim discusses a few tips he's picked up along the way to help manage the income and expenses for all...
2020-07-0710 min
Short Term Rental RichesWhen Should You Put Your Properties in an LLC?Let's face it, for those of us that live in the US we are living in one of the most litigious countries in the world. You've heard that you need to protect yourself and your properties, but what is the best way? Is it necessary to form an LLC in which to hold your property? There are multiple steps we can take to protect ourselves, but which ones are the right ones and when are they necessary? Tune in this week as Tim answers those questions and more! A story to illustrate when we nee...
2020-06-3012 min
Short Term Rental RichesWhy Hotels Are Envious of Short-Term Rentals (COVID Impacts)Hotels have recognized the trends in travel and know that a huge majority of the market that was once their customers have moved to short-term rentals. This is evident in the way they have been developing new hotels, but the world and our current environment has pushed them even further! COVID-19 has now forced them to be more like short-term rentals! This is leaving hotels with many unused areas (pools, banquet rooms, buffets) and also a big hole in their bank account. Tune in as Tim discusses some of the industry changes and impacts of COVID-19. W...
2020-06-2313 min
Short Term Rental RichesYour Recommendations = Excellent Reviews = More Bookings = More $!We used to find them in paper formats, sometimes with the last guest's wine stains or food crumbles mixed into the pages but times have changed! Guests want information at their fingertips. Providing a digital guidebook will make a huge impact on your guest experience, your reviews and the amount of time you spend on your business! It answers the basic questions (your guests will always ask) Easy images to direct guests how to use things GPS coordinates to find your property How to use email collection for marketing later on! An easy way to prove th...
2020-06-1611 min
Short Term Rental Riches3rd Party Bookings - Good or Bad?There are many reasons why someone may attempt to book one of our properties for someone else (a 3rd party booking). Should we accept those reservations? We have to ask the guests (and ourselves) why would they be booking for someone else. Sometimes, these can be great reservations but sometimes they can be, well, not so great. Tune in with Tim this week as he gives you his experience and recommendations on 3rd party bookings: Who exactly is making these types of reservations? Airbnb work travel How can we protect ourselves? What if we meet them at t...
2020-06-0906 min
Short Term Rental RichesInformation Overload! How to Organize it AllHow can we possibly handle so much information coming at us from every direction? The plans we have for our short term rentals, the markets we're researching, the contacts in those markets, pros and cons from one neighborhood to another? We have to have a place to put all of that data and if you try to keep it in your head you will fail! (Or at least forget most of it) Tim will discuss how to use a digital note system to store your ideas so your brain doesn't have to. How fast is our...
2020-06-0211 min
Short Term Rental RichesWhere to Find the Best Information for Your STR BusinessThere is more information available online than ever before and it's growing at an exponential rate but not all of it is credible. Not all of it is helpful. Not all of it is useful for your STR. This week Tim will give you his favorite learning resources and some points to consider: Best podcasts Best YouTube channels Best Conferences Conferences Mentorships [3:07] Recommended YouTube channels: STR University (Richard) Airbnb Automated [6:48] Recommended Podcasts: Get Paid for Your Pad Vacation Rental Success ...
2020-05-2614 min
Short Term Rental RichesBuilding Your Remote Team (Essential Steps)With recent advances in technology we can build our "remote" team easier than ever (and there are more people in the remote working "pool" than ever before). The best time to higher a new team member is before you actually need them. There are numerous aspects to managing short-term rentals but almost all of them can be managed remotely! You can also take advantage of the differences in currencies and hire help at a fraction of the price but still with excellent skill sets. Hiring virtual or remote help is an essential step to managing our rentals as passively...
2020-05-1914 min
Short Term Rental RichesOur Future Work Environment (And What It Means For Your STR)The world has gone remote. More people are working from home than ever before. Will this uninvited "work from home" experiment debunk some employers' stigma that employees who work from home are not productive? I believe it will. A change in our normal work environment means a whole lot for commercial real estate and the short-term rental industry. In this episode Tim will discuss some of these potential changes and what it means for your short-term rental; Just how many people are working from home? More "extended stay" reservations from remote workers What do longer reservations actually mean Im...
2020-05-1215 min
Short Term Rental RichesEssential "House Rules" For Your STRWe are in the business of renting to people that we do not know personally. We have reviews to go off of but do we really know who's staying in our properties? Well, not really. "House rules", as Airbnb refers to them, are the first step in protecting ourselves from loss of income and protecting our properties from damage. It's a section that every potential guest must read and agree to before they can even book. Let's discuss some of the essentials: Tim's rules he uses for every rental Enforcing rules Where to put them so they get no...
2020-04-2814 min
Short Term Rental RichesA Tool for Automating Your Business (Mindomo)It's really difficult to outsource work or automate your business without a set of instructions, or operating procedures (SOP's). We'll talk about a really cool little tool that can help you do all of that and make the process easier than ever. Create a visual representation of all the systems in your business so you can step back and let someone else take over. Tim uses this tool for so many things but just to name a few: Reservation questions Employee procedures Emergency planning Housekeeping procedures Property info Cancelling policies & house rules Marketing Hiring Check it...
2020-04-2105 min
Short Term Rental RichesPrecautions for Accepting Guests Over 30 DaysIf you are accepting longer than normal reservations with your short-term rental (30+ days) you'll want to make sure you're protected. After thirty days a guest will become a resident and with that comes a whole bunch of extra legal exposure. In this episode Tim will talk about the quickest way to provide an application, show a listing (without being there), approve a resident, and take rent and security deposits electronically. How to show a listing without being there Providing an easy application online Providing a lease & getting signatures Considerations for your lease Setting expectations Use cozy for...
2020-04-1408 min
Short Term Rental RichesAre You Getting Denied By Lenders?It can be so discouraging. It can be so exciting. No matter which stage you're at in your real estate investment career financing will play a huge role. You found the right deal but have no one to finance it? Well, look again. There is ALWAYS someone to finance it and without financing, unless you have all the cash, you probably won't be doing the deal. Let's delve into some potential financing "denials." Tim has had his fair share, just listen… For more resources check out restmethods.com
2020-03-3121 min
Short Term Rental RichesMistakes - Years of Mistakes & What to do About ThemWe learn when we make mistakes. The more guests you accommodate the more mistakes (or learning lessons) you will likely encounter, but let's accept that as a benefit of our industry. Tim will explain why and how you can use mistakes to grow, improve your business and make more money. The beautiful thing about the STR industry How to create perfection The "private reviews" Pleasing the masses What areas do I commonly see mistakes? Listing descriptions errors Buying a property with "hopes" For more resources check out restmethods.com
2020-03-1008 min