Passive Airbnb Investing with Tim Hubbard

Is it possible to invest in Airbnb properties, without having to be right there, every day, turning properties and dealing with tenants? Yes!! Our guest Tim Hubbard did exactly that, and he called in to talk with us from an island in Brazil!

Running a vacation rental business isn't all vacation, though. It takes strategy and skill to set up this kind of business, and today Tim will teach you how he did it.

If you want to learn how to invest from a distance, live wherever you want (Tim lives in Colombia!), and live a life of abundance - this is the interview for you.

Get in touch:

www.restmethods.com

www.midtownstays.com

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Tim Hubbard's Bio:

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 founded and acts as CEO for Midtown Stays, a short-term rental accommodation company which has successfully accommodated over 10,000 guests with excellent reviews from all over the world. He continues to expand with the help of his teams and manages everything remotely from his home in Medellin, Colombia. He also teaches others to do the same and 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 in to nightly rentals through his live events and podcast.
He holds a degree in International business and an MBA from the University California of Davis and is co-founder of the amazon best selling book “Resilience, turning your setback into a comeback”

Full Transcript

Taylor 0:02
What's going on guys? This is passive wealth strategies for busy professionals. Today our guest is Tim Hubbard. Today we are talking about passive Airbnb or short term rental investing. Tim is a location independent real estate entrepreneur. today we're talking about how he runs his short term rental business from overseas. He lives in Colombia. He grew up in California. when he called in to talk with me, he was actually in Brazil, stuck due to the quarantine. it didn't matter in a certain sense because he was still able to operate his business and build his business from his Airbnb on an island in Brazil. Totally incredible, great guy to talk to. The short term rental or Airbnb model is fascinating. It gives us the potential to earn enormous cash flows, if you do it right. Normally cash flows passively at that. But you really have to do it right, you have to buy right. today, we're covering some of those things that Tim does in his business to acquire properties correctly, acquire the right properties and operate them in such a way that he's not spending every day on the phone, calling somebody to clean up his properties and handling the day to day, he's not doing that. He's just focusing on buying more and enjoying that sweet cash flow. That's what we love to hear. Tim was a great guy to talk to you and you're going to enjoy this interview. We just started streaming live on YouTube. I hope you can join us for the next one. For those of you who are new to the show. I'm your host Taylor Lowe. I'm a real estate investor and real estate syndicator. I buy real estate with passive investors and split the return. thrilled to be bringing this interview today. I hope you're all Healthy, Wealthy and Wise out there. today we're going to help push you further into that wealthy category. Thanks for joining us once again. Here we go with Tim Hubbard. Tim, thanks for joining us today.

Tim Hubbard 2:02
Yeah, happy to be here.

Taylor 2:04
Really excited to talk with you. We're in Brazil right now. We're during the Coronavirus epidemic. you tell us about you and your business. I think it's super interesting. Give us a quick primer on Tim, before we get into the details here.

Tim Hubbard 2:20
Sure. yeah, in a nutshell, I guess I'm a real estate investor. But about five years ago, I started focusing on buying small multifamily properties that I could convert to short term rentals. they're good investments up front but they made sense for short term rentals. I've been doing that and in a few different cities now and got quite a few units set up systems so I can manage them from abroad a I live in Colombia most of the time, although I am in Brazil, a Corgi right? Technically, Brazil borders are close till the end of May. I'm sorry Colombia borders are closed till the end of May. I'm just standing Here for innopolis until then, but yeah, things are still running.

Taylor 3:08
That's awesome. That's awesome. you know, we haven't actually covered short term rentals on the show before. it's interesting to me that you found a way to automate this business to the point where it's passive enough that you don't have to be there. You're not the one turning all these units, but so we can get an idea of the scale and what you do. Where are your rentals compared to where you live? Where are you right now in Brazil?

Tim Hubbard 3:36
Yeah. I'm from California. Originally, I started in California, so I have some there. Most of mine are in Memphis and Tennessee, and then I've recently acquired some in Oklahoma City. totally scattered,

Unknown Speaker 3:50
you know?

Tim Hubbard 3:52
And I get you know, a lot of people like to invest in their backyards and stuff and, and some people are kind of like surprised But I live outside of the US and still manage them. But to me, it's like if you live 100 miles away from your property, you're probably not going to be there on site anyways. How is being 3000 miles away? really that much different?

Taylor 4:18
Yeah, as long as you're in the same time zone, like, what's the difference?

Tim Hubbard 4:22
Yeah, or even need to be saved? That's really, unless you're,

Tim Hubbard 4:28
you know, you need to be available at certain hours of the day.

Taylor 4:34
Yeah, I mean, that's a tough problem, right? It sounds like a very monumental task, and I'm sure it is to make this happen. Let's go through some of the systems that you use to turn this into a passive business because obviously, you're not working in the business at least to any major extent. I'm sure you're doing something but you're not there turning the units and you know, all of those things. Let's talk about some of those. systems you set up to make this passive.

Tim Hubbard 5:02
Yeah, so, there's some essential tools to set it up as a passive operation one is going to be just having a digital door lock. someone can check themselves in and check themselves out. You don't need someone there like you do at a hotel. also cut your expenses down. Reality is you only really need a housekeeper and maintenance staff. that could even be the same person. You know, all of our reservations we do online, and most people book without even talking to us. I mean, they do instant books so you can go online, they find a place we, we describe it as accurately as possible. They get the benefit of seeing all the reviews, and then they just say yep I want to stay for these dates and a lot of our guests we never even talked to they book our place. We have all of our messaging set up automatically. it goes out through a property management system, just like you know, we have property management software for long term rentals, we have a lot of tools and good software for short term rentals, they can do all these things.

Tim Hubbard 6:15
So it's really just about

Tim Hubbard 6:18
answering the questions that your guests are going to have before they ask them. Then and then a lot of times, it turns out that they're not even asking me if they have a great stay, leave a good review, and you made no x times the amount of rent that you would have with a long term. So

Unknown Speaker 6:38
I mean, that's, it's really cool, but

Unknown Speaker 6:42
it sounds

Taylor 6:44
I guess there's some pieces, maybe some pieces missing there if I draw some inferences, so you could have the same guy doing maintenance or woman or whatever, doing maintenance and housekeeping, but here's a hypothetical. What if that person just doesn't show up one day? What if you hire the wrong person and you're in a bind. How do you handle that? I mean, that's, you gotta expect that that's gonna happen, right?

Tim Hubbard 7:05
Yeah, totally. you just want to have backups just like, if you have a track person that helps you with your apartment buildings, and they're not available, you gotta have someone else to call, right. just having backups that you know are reliable and that you can count on in case something like that happens. But the benefit to having a lot of units in the same city is that you're going to have multiple housekeepers. if one can't make it for whatever reason, they can schedule with the other one and let them know that in fact that's what I do with a lot of ours is just say, Hey you're responsible for these rentals. If for some reason you can't make it, call one of our other teams and you can. You're welcome to switch with them. having more makes it easier but if you have just one rental for example, You just want to make sure you have backups. that could be a professional cleaning service that is available the time you've talked with beforehand, and they can be available at the last minute.

Taylor 8:13
Yeah, it's a good point. I mean, I should be sure to include the more benign reasons that you might not be able to get someone to, to clean a unit, they might just be busy with something else and they can't get to you right away. 100% that makes sense. We don't always need to go to the worst case scenario that we need to rehire someone new. But there's so much in the operations that I mean, I'm sure you're not how much you are handling day to day? I mean, there's probably other Do you have virtual assistants involved? Like To what degree are you separated from the daily operations of the business?

Tim Hubbard 8:49
Hmm. Well, honestly, I don't I don't do anything but for the most part, except for add a new unit so my main role is adding new units and setting them up in the system. I use a property management software called guests II and they handle all the reservations, they actually have live people that can help as well. they're based out of Israel. The first step is we set up as many automated messages as we can. it's really not a lot. It's like less than 10. You know, check in messages, guidebooks, digital guidebooks, things like this. If they have any questions, the first step goes to the guest and he shows our virtual reservation team. then the second step goes to an operations manager that I have that you know, is routed through our phone system, so any call would go to him and then you can make an easy third stat by I'm the third step for some properties just depending where they're at, but it hardly ever, like it doesn't ever come to me. Really. Wow. Most of the time, people are messaging through the system, which is going to get responded to at that first stage, and then if they do call it goes to the second one. it's very rare that I,

Unknown Speaker 10:07
you know,

Tim Hubbard 10:08
are actually talking with guests anymore. Let's see. That's kind of like the reservation piece. I think actually, the more familiar people get with Airbnb ease, and the more familiar you are renting your own property, the more you can eliminate like all of the question and it's better for the guests to you know, they don't

Taylor 10:29
just lost you there. I'm sure we'll get him back shortly for everybody watching the video. He's on Brazil internet. We'll have him soon. We lost them once before my back and you're back now we got your back now I

Unknown Speaker 10:42
alright.

Taylor 10:43
That's alright. I had formed the viewers, it's fine. So let's let's back up if I can just inject a question in here. Before we get too far away from it. You mentioned this third party, property management platform, guess what they Provide. I mean, there's the property management world, there's a whole list of things that you can pay for and not pay for. you know, what, what are the typical costs? I mean, I don't have a percentage or whatever makes sense. For nine. I don't know. What does that all look like?

Tim Hubbard 11:15
They do charge a percentage, and I've been with them for a long time. I'm not sure if what they're I think they're charging more now than you're getting the good

Unknown Speaker 11:25
the good deal.

Tim Hubbard 11:26
Yeah. Yeah. But even now, for everything that you can accomplish with them. I think they charge 5% which might sound like you know, it might sound like a lot, but when you think that they're handling all of your reservations, and I guess I forgot to mention that we will never get a question until after the guests. It's already booked. they handle all the upfront questions, too. The only questions that we're actually getting is on the back end if they checked in and something wasn't right or whatever it was. 5%, but their management software also has a lot of built in tools and integrations so that you can list your properties on multiple platforms. You can integrate with locks and all types of different services. It's a, it's a really well rounded software.

Taylor 12:22
Cool. That's, that's great. I mean, I didn't know that these software packages or anything, these things existed, and it makes sense that there would be a hole in the market for that kind of thing. that's fantastic. Now, you said that the main thing that you're doing in your business a little bit earlier, is you're doing new acquisitions on a day to day basis, bringing new properties online. Let's talk about your criteria for getting new properties and processes, especially being as far away as you are evaluating them. I mean, that's a whole it's tough enough when you're up the street, right? What about being a couple countries away?

Tim Hubbard 13:00
So my, the way that I go about looking for new properties is really how I would look for any real estate investment. I mean, I'm looking for property that has a good return, that's in a place that has good fundamentals where the populations are growing, there's diverse employment, it's not dependent on one industry. It's landlord friendly and I've also, but then you have to add this additional stage, if you're looking for short term rentals, and that's, you want to make sure that they're

Unknown Speaker 13:33
allowed

Tim Hubbard 13:34
there. A lot of cities if you're regulating short term rentals, so that's kind of like the additional step, everything else I would do, just like I normally would, aside from the location, that's gonna change a little bit too. But as far as vetting the property all the numbers, that stuff is pretty much the same because I'm looking for investment that makes sense. In an area that I tend to look in the Midtown areas, that's today I'm my management company Midtown state, because I found that they have a lot of guests that come in for business, but then also for tourism. getting kind of both, both of the large guest pools there. There's also usually a lot of smaller multifamily properties too. I haven't done this with huge like 200 unit apartment buildings. Not to say that you couldn't, but I think originally Airbnb kind of started out people were looking for like a unique kind of experience. That's where I started out, I guess. being in a location that has a lot of potential guests coming in with the property that makes sense and then allowed to be a short term rental And that area is my criteria. you can do that all online. Right. being abroad,

Unknown Speaker 15:06
being abroad doesn't affect that.

Taylor 15:10
So the regulation piece is huge. And we need to bring that up. I mean, my understanding of, particularly with Tennessee, like Nashville, I think passed some very anti short term rental legislation at some point. it wiped out a lot of folks who are in that business in that area. That's a huge factor that is out of our control and to a certain extent, but also go to markets that are friendly.

Tim Hubbard 15:39
Mm hmm. Yeah. So,

Tim Hubbard 15:42
Last night, I heard about Nashville that they passed up, but it was actually overturned. Oh, really nice on a statewide level. the whole state of Tennessee came back and said, You can't ban short term rentals and the whole state. You can't ban them anywhere. It doesn't mean they can't regulate them. they can have SOPA regulations, but an outright ban from what I understand that they can't do that in the state and several other states have followed suit with that now, too. I know Arizona's like that. I know there's there's a few others as well. And that's kind of a good sign, right? I mean, these cities and these governments are making a percentage off all of these short term rentals from their transient occupancy tax. Some, they're making millions and millions of dollars for something that they actually didn't have to do anything they didn't have. They didn't have to hire employees. for regulations that come in and just turn that off, I find it hard for a lot of cities to just stop taking out money that they were already getting and I think there's a pretty strong correlation between cities that have housing shortages and strict short term regulations. places like New York, San Francisco, Los Angeles, these places have really bad housing shortages already, which means the hotels, they're also charging higher nightly rates. you're getting more pushback from the hotels and the lobbyists. But those are really areas that I wouldn't even look to invest in anyways, because the numbers don't really make sense.

Unknown Speaker 17:27
So

Taylor 17:30
That problem kind of solves itself. Numbers solve that problem. you say, you can do a lot of this from your computer finding deals, sourcing deals, those kinds of things. in the single family and duplex and really, most real estate for the last couple of years. deals that are on the MLS haven't been good in most areas haven't been really cash flowing. You'd have to get them at a better price and they were listed at things like that. Or on Luke One whenever sent out by a broker. Are you looking at properties that are on the MLS and evaluating those? Do you have other deal flow sources from wholesalers or whatever? Like, where are you finding sourcing those deals?

Tim Hubbard 18:15
Yeah, that's

Tim Hubbard 18:16
a good Good point. I've got deals really kind of from everywhere and MLS from Luton net, from brokers a great relationship with a broker goes a long, long way especially in the multifamily world where a lot of properties aren't even hitting the market unless they just don't make sense. You know what I mean? It's crazy price. I've got my best deals from brokers that I've already that I've done previous deals with, but I've also got good deals right off the MLS and loop net. one of the reasons I think you can still find some good deals is that the space that I'm looking at is smaller. Most of these are smaller commercials. properties like up to 12 units but over four, so they're not for someone that doesn't have experience in investing in apartments. It's a little more difficult to get in because it's a commercial property. But it's also below what a lot of big syndications are looking for because the numbers the man, that doesn't make sense with a management expense, usually right eight unit property, the management expenses can be way more than a 200 unit property on a percentage basis.

Tim Hubbard 19:30
So, those properties aren't

Tim Hubbard 19:33
as looked at I guess, or they're the least competitive out in the multifamily space.

Tim Hubbard 19:40
So interesting. My last deal I found on loop net.

Tim Hubbard 19:45
Wow. closed on it last December. you know, this Coronavirus is certainly hurt,

Unknown Speaker 19:53
tourism and travel, but I'm positive that

Tim Hubbard 19:58
you know, back it's already started here. I'm in an airbnb right now and they've lifted restrictions here so hopefully Fingers crossed you know, we will get out of this in the next few months and travel picks back up.

Taylor 20:13
I certainly hope so the faster we get out the better hopefully they're no major disasters beyond this. But regarding you might buy an eight or 12 units, something like that somewhere under there. Are you making all of those units into short term rentals or do you have some long term tenants in there to be like a base business type of thing just to keep the factory full so you have some money coming in?

Tim Hubbard 20:40
factory full, I like that.

Tim Hubbard 20:44
So I have some properties that have a mix and then I have some that are completely turned into short term rentals. Wow. I like to turn all the smaller units into short term rentals. studios I think are great one bedrooms because they had attract more business travelers, which is an easier guests really and the space is smaller, so it's not going to attract big parties, but also the returns higher on the smaller units because your utility costs is lower, and they stay more occupied in my experience, in my experience in the places where I'm at, versus some of the larger units where they're catering more to the tourism side or like a family coming in could be more seasonal. I like to cater to business guests first because it's more consistent, and seems to be a little easier to guess. then the returns are just better. If I get a multi unit property that has various size apartments in it, I'm usually gonna run all the smaller ones. then just depending on you know, sometimes leave the bigger ones with a long term tenant.

Unknown Speaker 21:59
Keep them factory full?

Taylor 22:03
Yeah, I mean that, that I like that analogy. you know, whatever. So, I'd like to learn more about you while we've got you in your background. You know, a lot of times I find folks that are in these, let's say more advanced real estate strategies. I think this is a more advanced real estate strategy had some real estate investing background or experience prior to that, did you just get straight into short term rentals? Or had you done any investing before that?

Tim Hubbard 22:35
Uh, yeah, I was. I've been investing I guess for a little over 10 years now in real estate and I just started reading properties about five years ago in the short term. I had properties as long term rentals. I also worked as a commercial broker selling investment properties in the north when I was in California. We sold big apartment buildings, we sold shopping centers and the land was really awesome. Some jobs and I learned a ton. I do have that background you know, the cool thing is like the way that we underwrote all these properties, it's still the same way you underwrite anything the numbers always tell you if it makes sense. I did a background in that and the way I got started, I guess in the short term role, so I love traveling. I travel all over the world like 70 countries, I think and so I'd stayed in a lot of Airbnb ease like countries all over the place. I knew exactly what I liked in an Airbnb and I had a property in a downtown area that I was renovating. I was thinking I was living in the suburbs at the time, and I'm like I want to move downtown. I'm gonna renovate this place the way I like it, and I'm going to furnish it, but I'm going to try to rent it as a short term rental first. If it doesn't work out. I'm just gonna move into it because it's been rented, like, non stop. I still have that one too. It still has that one and yeah, so that got me thinking and then I'm like shoot that was in a fourPlex you know, and I was renting it for maybe 1200 dollars or something like that a month. now I get, like 30 $500 wow 4000 a month. that fourPlex that was making five grand a month now makes like 15

Tim Hubbard 24:30
plus. it got me pretty excited and

Tim Hubbard 24:35
and I actually found better returns a matter, so it's kind of hard to stop, stop doing it but I do like having a balance having I have some properties that I got just just for long term rentals and didn't plan on putting short term rentals in there. But those properties are those properties out there that make sense to short term rentals and they can be really lucrative.

Taylor 24:58
So and now you're out there Err telling others and teaching others about your experience. For those out there who are interested in getting involved with short term rentals, they want to go do one. What do you recommend as you know, put your foot in the water type of strategy to look into it. We can't make specific recommendations on the show for anyone of course, but step by step, you know if I want to learn more and maybe get the first one, what do you think about that? How can people get that done? should they go? We haven't even talked about this. I should go with the Airbnb arbitrage model or buy properties, like you've been buying for yourself.

Tim Hubbard 25:40
So I think if you're interested in getting started in it, I, as an investment, I guess we'll talk about because the lease arbitrage model My opinion is not actually an investment. It's more of like it's a job because you're not owning anything at the end of the day. if we look at it from the investment standpoint. First, you would want to narrow down some markets that you are interested in. then I would suggest staying in some short term rentals in that area and see what you think. I mean, you have to stay in short term rentals. If you're going to do this, you have to kind of know how the system works. But you can narrow down markets a lot easier than we could A while ago. I mean, there's companies now that just do data analysis for short term rentals. Well, one of them's called the air DNA. They have millions of data points all over the world, on average, nightly rates on occupancy levels and seasonality which markets make more sense and other ones. I would say find a market that makes sense as a real estate investment in general first, and then maybe check out air DNA to get some of those statistics and then stay in a couple of short term rentals in that area.

Tim Hubbard 27:00
In both from there,

Tim Hubbard 27:02
The lease arbitrage models are interesting because I actually know, first of all, so for those that don't know, it's basically renting an apartment and then subleasing it out. renting it, putting in furniture, and subleasing now and making the difference between what you're paying and what you can get. that has been a really big trend for years and years. people have really blown up with this. I mean, thousands of units. I mentioned before we jumped on the video, this company saunder billion dollar company that has thousands of units in lots of different cities. Unfortunately, they just laid off like a third of their workforce because everything was going on. I just, I mean, when there's not an investment at the end, I don't know they have higher expenses with it with the leasing and I think though the whole point of investing is to become financially free, right. Not to say the least, arbitrage doesn't work for a lot of people and you can make a lot of money with it. Oh yeah. you can make it

Unknown Speaker 28:07
quick, you know,

Tim Hubbard 28:08
because you don't have to go through all the inspections and all you know financing I mean, you can get properties quicker and you can do really well and there's people that are still doing really well with it. It's a great way to learn all the operations which are going to be exactly the same as they would have been had you bought the property. there's a lot of good sides to it as well I guess.

Taylor 28:31
Yeah, I think that's very interesting. You bring up a great point that when you do this Airbnb arbitrage model, you're not building equity. You don't own anything except the furniture or you know anything about the fixtures you put inside but it is a huge cash flow opportunity. But I think right now, with the business travel, just completely falling off and tourism traveling completely falling off, who is They really renting to right now and how are they covering their fixed costs of rent? I mean, I don't know how it's done.

Tim Hubbard 29:09
Yeah. Sadly, I mean, I think a lot of people have left the industry from maybe from both sides, people that had just got into doing a short term rental. you know, and then this happened, like, Oh, this isn't for me, I want to put a long term tenant back in there. a lot of the supplies, even industry right now, because people put long term tenants in those properties, and those properties that they own, realistically. Now, if they were subleasing it to the rental arbitrage model, they can go to the landlord and try to work out a deal, which I'm sure a lot of them have been able to do, but I know a lot of them have not been able to do that. from all the data that I've seen, supplies is going down

Tim Hubbard 29:56
and I think at the end of this

Tim Hubbard 29:59
that There's gonna be probably higher nightly rates with the lower supply, at least for a while. it's kind of

Taylor 30:12
you're just, you're just gonna be cashing checks. Sorta,

Tim Hubbard 30:15
Hopefully I, I mean, not my properties have definitely taken a hit, but some way more than others. from what I found, I think the new properties that I had just put up that didn't have very many reviews or a history, they're not really getting booked, unfortunately, properties I had for a long time. still getting booked even in the midst of all of this. it's just it's a little easier to write things out like this, I think as an owner versus the lease arbitrage model is if I'm making five times the long term rent on one of these properties, then I really only need to be at about 20% occupancy To be breaking even more or less with what I was making with long term tenants, right? So I can kind of write it out for a while. at the end of the day things never turned around. I can just put long term tenants back in these properties. they're just good backup plans too.

Taylor 31:19
Nice. I like that. Right now. We're going to take a quick break for our sponsor. All right, Tim, I got three questions. I asked every guest on the show. Are you ready? Let's do it. What is the best investment you ever made other than in your education,

Tim Hubbard 31:36
best investment essentially, I got for free a little duplex. Because I offered to manage it. I was an agent I rolled a commission that I would have made into it to split with a partner. we sold it recently and I just bought another apartment building with Adam in exchange cool six unit like historical,

Tim Hubbard 31:57
awesome properties,

Tim Hubbard 31:58
which I essentially got for Free. I call that a pretty good one.

Taylor 32:02
Very nice. On the other side of that we had the best investment. On the other side of the coin, we have the worst investment, what is the worst investment you've ever made?

Tim Hubbard 32:11
Luckily, most stuff was pretty good. I would say the worst one is a property of button Colombia. I own a property in Colombia. worse, not because it was a bad investment, I think that that market actually has some good things going for it, but for one, I paid all cash because they don't want financing. the opportunity cost thereof what I could have got. then also especially recently, there's a whole nother level of exchange fluctuation there. I bought it with Colombian pesos, which have lost like 30% in value over like half a year or a year or something. So, even if the property was a full 10 in terms of dollars, I've lost quite a lot. But Wow, I get that diversification, you know,

Tim Hubbard 33:07
there's diversification there. that part's still good.

Taylor 33:10
Nice. Wow. Well, I'm sorry to hear about those struggles on that investment. My favorite. My favorite question here at the end of the show, is what is the most important lesson that you've learned in business and investing?

Tim Hubbard 33:27
I would say the most important Well, most of my career has been in real estate. I'll just relate it to what has been planned and budgeted appropriately. especially if you're doing renovations, is making sure

Unknown Speaker 33:44
you have enough

Tim Hubbard 33:46
to cover everything you're going to do and if it's in regards to a short term rental, and you want to convert a multifamily apartment building, that you have enough money for all the expenses up front, all the furniture and Not to rely on future revenues. I think that's probably the biggest lesson to pick your properties based on day one and not what you expect them to do in the future.

Taylor 34:12
Nice. I like that we have a lot of experience behind that as well, not just in this short term rental Airbnb model, but also from your background, previously as an investor and as a broker. That is fantastic advice. Tim, if folks want to get in touch with you, if they want to learn more, or anything like that, where can they find you?

Tim Hubbard 34:36
So you can go to restmethods.com

Tim Hubbard 34:37
and that's a site I have some educational resources on there actually has a free ebook that you can download that talks about what I think is the best. What are the best properties to acquire to convert to short term though? Where do you find them? How do you find them and why I think they're the best so go to rest methods.com I also have a podcast short term rental niches. you can find that on iTunes or Stitcher, all the podcast platforms. Then there's a contact section on restmethods.com. if someone wants to get in touch with me just feel free to send me a message to the content.

Taylor 35:21
Awesome. I love it. I love the idea of the podcast, you got to really hit that niche and give people the important information for that industry. I still think we're at the beginning of short term rentals. You know, with this technology, even though it's been a few years, we still have a long way to go and the maturation of short term rentals in the housing market, generally, so it's gonna be interesting to experience the developments there.

Tim Hubbard 35:53
Yeah, thanks, Taylor.

Taylor 35:54
It's been great talking with you to everybody out there. Thank you for tuning in. Have you ever been A day and a great rest of your week? If you're enjoying the show, please leave us a rating and review on Apple podcasts very much appreciated helps other people learn about the show. Do you know anyone who could use a little bit more passive wealth in their lives, please share the show with them and bring them into the tribe. Thanks for tuning in. Once again, I hope you've had a great day. Great rest of the week, and we'll talk to you in the next episode. Bye

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About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

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Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
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Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
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This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
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The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
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Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
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