Welcome back to the Raising Private Money podcast! Today’s episode is set to be nothing short of enlightening as we dive into the lucrative world of short-term rentals with two giants in the real estate industry, Jay Conner and Tim Hubbard!
Join Jay as he engages with the seasoned investor, Tim Hubbard, who’s been taking the real estate world by storm since 2010. Boasting an impressive portfolio of approximately 70 properties spread across three nations, Tim has honed his focus on short-term rental investments, tapping into the potential for a higher net income, especially through platforms like Airbnb.
With over 30,000 guest arrivals under his belt, Tim’s expertise in managing a throng of properties is unparalleled, and he’s here to share his insights with you. Whether you aspire to live remotely and earn from your rental properties, or you’re just getting your feet wet in the industry, Tim’s guidance is gold. He’s mastered the art of transforming short-term rentals into passive income generators, and he’s not holding back on his secrets.
Expect to learn about the nuances of property management from Tim’s virtual approach, the smart use of technology for remote management, and strategies for maximizing your earnings. With Tim’s podcast, “Short Term Rental Riches,” reaching almost half a million downloads, you know this is advice you can trust.
Stay tuned as Tim and Jay dissect the essence of successful short-term rental investments, including the critical analysis of potential properties, the significant role of property management companies, and the irreplaceable value of building a competent virtual team.
Whether you’re an investor looking to scale up your portfolio or curious about the world of short-term rentals, grab a notepad, and let’s get started on this journey to wealth and passive income!
“I Want To Build Passive Income. I Want To Do It On My Own, So I Had To Build My Own Team To Be Able To Do That.” – Tim Hubbard
Questions discussed in this episode:
- Jay Conner noted the importance of property management in marketing short-term rentals. How does effective marketing impact the occupancy rates and profitability of these properties?
- Tim Hubbard emphasizes a focus on the guest experience in managing short-term rentals. How does this focus drive business success, and what can other businesses learn from this approach?
- What strategies do Tim and Jay advocate for building a successful team in the short-term rental industry, and what are the potential pitfalls to avoid when collaborating with others in this field?
Lessons Learned:
- “Rental Purpose”: Understand the importance of deciding whether your short-term rental investment is for personal use or purely an income-generating asset.
- “Cash Flow Goals”: Evaluate potential short-term rental properties based on your individual investment strategy and desired cash flow outcomes.
- “Remote Management”: Learn the evolving technology that makes managing short-term rentals remotely easier, from automated locks to property management software.
Timestamps:
0:01 – Raising Private Money Without Asking For It
4:27 – Short-term rentals: personal asset or investment?
8:50 – Balancing own enjoyment with property investment returns.
12:20 – Seek advice on outsourcing short-term property management.
15:15 – Revenue increase, revenue management, guest experience, reviews.
17:28 – Direct booking increases revenue and benefits guests.
20:07 – Virtual property management with low fees, and efficiency.
25:54 – Virtual piece, maintenance staff, industry support.
27:03 – Connect with Tim Hubbard: https://www.strriches.com
30:01 – Jay Conner’s Free Money Guide: https://www.JayConner.com/MoneyGuide
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.
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Unleashing the Potential of Short-Term Rentals with Experts Tim Hubbard and Jay Conner
Jay Conner [00:00:01]:
This is the podcast where we talk about Raising Private Money without ever having to ask for money. Well, my special guest today, he’s raised his own Private Money. And in addition to that, he has been investing personally in real estate ever since 2010. Well, his current portfolio consists of right around 70 properties, And those are spread across 3 countries, all kinds of cities. I mean, he’s unbelievable. Well, he began focusing on short-term rental investments. Through his travels around the world, he was exposed. And while he was visiting hundreds of different cities and discovering that he could earn 3 to 5 times more net income than he could through just doing traditional rentals.
Jay Conner [00:00:53]:
So he also has a short-term rental accommodation company, which has managed over 30,000 guest arrivals with properties from Canada to southern Brazil. Well, he loves teaching how he does this short-term rental thing and helps others discover how they can multiply their returns and their income. And if you want to live remotely, like the producer of my podcast, traveling the world, then this guy can tell you how to live remotely and make a lot of money on your short-term rentals. He’s also the host of the podcast titled Short Term Rental Riches, which has been downloaded nearly a half 1000000 times. In just a moment, you’re going to meet my special guest, Mr. Tim Hubbard, right after this.
Narrator [00:01:45]:
If you’re a real estate investor and are wondering how to raise and leverage Private Money to make more profit on every deal, then you’re in the right place. On Raising Private Money, we’ll speak with new and seasoned investors to dissect their deals and extract the best tips and strategies to help you get the money because the money comes first. Now here’s your host, Jay Conner.
Jay Conner [00:02:12]:
Well, hey, Tim. Thank you for joining me here on the show, and welcome.
Tim Hubbard [00:02:18]:
Thank you, Jay. It’s a pleasure to be here. I’m excited to chat with you.
Jay Conner [00:02:22]:
I’m excited to chat with you. I know you’ve raised your own Private Money and your expertise, as we just talked about, is in short-term rentals. So before we dive into your expertise and all the experience you’ve learned about short-term rentals, In 90 seconds, tell us how you got started, where you are now, and how you got here.
Tim Hubbard [00:02:44]:
Okay. Well, here we go. I read the little purple book, Rich Dad, Poor Dad, and that changed my mindset. And so my very first investment was a 4plex, long-term rental, but I moved into it. I lived in one of the units, and pretty much since that day, since 2010, I never had to pay my rent, never had to pay my mortgages, always covered for me. I’ve always loved traveling, and along my travels, I discovered short-term rentals. I think that’s no secret to people these days. Airbnb is all over the place.
Tim Hubbard [00:03:13]:
Right? People are staying in short-term rentals. And I already had a nice portfolio long long-term rentals, and I realized, you know what? I can shift some of these into short-term rentals and make a lot more money. So I did that. I branched out in other cities and other countries, and so I’m coming to you live right now from Brazil where I spend about half the year, and the other half in Colombia. But most of my properties are in the US, so we learned a lot. We figured out a lot of tricks to managing properties remotely, and that’s what we teach on my podcast now and, in our community.
Jay Conner [00:03:45]:
That is so cool. So we’re going to dive into that as to how do you run this type of business and scale this type of business, you know, virtually without you having to be, you know, right there, hands-on. And so you got interested in the short-term rentals. Of course, you experienced it yourself as a short-term renter and, you took it from there. So first of all, let’s just, let’s just go ahead and dive in. I mean, what’s the best advice that you would give? And this is not just one answer, but what’s, what’s some of the advice you would give to a brand new person who’s interested in short-term rentals but hasn’t done it before? It’s like, where do you start?
Tim Hubbard [00:04:27]:
It’s a great question, and there’s not a one-size-fits-all answer for that. One of the things I like about short-term rentals is that we can stay in them ourselves a lot of times. Right? That’s not like traditional real estate where we’re, putting the same vinyl plank flooring in there and there’s no furniture, nothing like that. And so that part attracted me to short-term rentals, but that’s something we need to understand before we get into the industry too. Are we investing in a short-term rental because we want to use it partly as a personal asset, maybe stay there part of the year, or are we investing in a short-term rental to rent it out and make the most money possible as a 100% investment? So that’s a really important first question. I think that’s probably the first thing, Jay, that we need to figure out.
Jay Conner [00:05:12]:
I got you. Well, you know, it’s interesting we’re having this conversation because right now I’m in the midst, or my crew is in the midst, of renovating my grandparents’ farmhouse, which was built in 1928. It’s about 23 100 square feet, 2 story, 4 bed, 2 bath. And, we want to maintain the integrity of that house, meaning the architectural integrity of the late 19 twenties, but of course with having all the niceties done to it. So it’s a pretty major rehab. And, the first thing I did once I decided to do that was I had a friend of mine that’s, we’re in a mastermind together. I had her come here to town, and first thing, you know, my concern was, well, I don’t want to go furnish this house. Because I’ve had it as a long-term rental for quite a while.
Jay Conner [00:06:07]:
And I didn’t want to go furnish this house and convert it into a short-term rental unless I knew there was some kind of what kind of demand that would be for this property. So she did some research for me. I don’t know really where she went, but she did some research for me. She says, yeah, Jay, you’re in a high-demand area. That property is for a short-term rental. So let’s start right there, Tim. When you’re looking at a, when we’re looking at an area, how do you decide, or how do you find out what kind of projected demand there is for a particular property to be a short-term rental?
Tim Hubbard [00:06:42]:
Fantastic question and a crucial question. Right? If we don’t underwrite a property, right, it’s it’s it’s not a good situation. So luckily, now years later, you know, after short-term rentals become much, much more popular, there are tons of data sources out there that we can use to make our projections. So, of course, historical performance is never a, you know, it’s never sure thing going forward, but it gives us a pretty good idea. And so there’s a couple sources, software programs that are designed just to do this. 1 comes to mind or maybe one of the most popular ones is called the arena.c0, and this is exactly what they do, Jay. They just pull stats data and performance from short-term rentals.
Tim Hubbard [00:07:27]:
So they have millions of short-term rentals on their platform. You can pull a report by, zip code. You can pull a report by a city, so you can see it on a nationwide basis. But one of the things we have to be careful with with short-term rentals is that it comes down to the management. And so you can have 2 properties right next to each other, and you’ll see this if you’re out there looking for if you’re using some of these data sources, you’ll see that you’ve got property A, it’s 3 bedrooms, 2 bath, I’ll just say, that makes $100 a year, and then we have property B right next to it that makes $150. And so we have to look further into these properties and figure out what amenities they’re offering, you know, are they doing a good job with their reviews? So all these little variables can go into it, but just for starters, a good place to go is to go to one of these dashboards like Airdna. co and pull that, rough data out of the marketplace.
Jay Conner [00:08:25]:
I got you. Well, let’s dive into the analysis. So I’m sure there are many more variables to helping you decide whether you should move forward with a property or not to, have it as a short-term rental. So walk us through the steps. How do you analyze a potential property as to whether it’s, you know, a go or not or a no-go?
Tim Hubbard [00:08:50]:
So, again, it comes back to each of our strategies. Right? So, the property where I’m at right now is in Brazil, I live here about half the year, and then I do rent it out as a vacation rental, the other half. And so for me, this wasn’t a 100% investment. So if I could pay the bills on it, you know, I’m okay with that because I enjoy living here. But for others that are looking for a 100% investment, I think we need to know what sort of returns we wanna expect, and one of the big changes for me from the long-term rental world into the short-term rental world was I was looking at single-family homes that were maybe cash flowing, you know, like $200, $300 a month. And this was years ago when we had interest rates, we know that they’ve gone up quite a lot. So that’s even harder to do these days. But maybe you have an idea of how much cash flow you want to, get back or just have a return.
Tim Hubbard [00:09:45]:
One of the nice things about a short-term rental is that it has some other good tax advantages. I’m not a tax professional, so make sure you, consult your adviser. But a short-term rental, depending on your average reservation length, can be considered an inactive business, which means that you don’t have to be a real estate professional to take a lot of the real estate deductions like bonus depreciation. So it comes down to our individual, goals. If someone’s got a high tax bill, they might be okay taking less money. But for me, that was always cash flow. I wanted to earn the most cash flow possible so I could live and travel around.
Jay Conner [00:10:24]:
That makes a lot of sense. So here’s here’s one of the big questions. How in the world do you manage your short-term, not only one property but a portfolio of short-term rentals virtually? I mean, you live thousands of miles away, right? You know, from most of your properties. How do you do that virtually?
Tim Hubbard [00:10:49]:
Well, it wasn’t always easy. I’ll say that. You know, when I first got started, we didn’t have a lot of these great tools like we have today. But, honestly, it seems like every other day, they’ve got a new tool or something pop coming out in the industry to help us manage remotely. And so managing remotely now is much easier than it used to be. We have automated door locks, so we can create unique codes for all of our guests to make things more secure. We know when they check into our property. We have security cameras to to make sure that they’re showing up to the right property, and they’re not showing up with 20 people and 10 dogs.
Tim Hubbard [00:11:26]:
We have property management software just like we have in the long term or, the the residential industry. We have property management software. We have tools to help us with pricing. So it comes down to technology. You know, now we have AI coming out that can help us generate responses and do all these crazy things. But it just comes down to technology the one side. And then, of course, we do have to have a good team on the other end. And in the short-term rental world, that team on the ground is our housekeepers and our maintenance staff.
Tim Hubbard [00:12:00]:
So assuming we have a good property to start with, it’s in good shape, and we did a good job furnishing that, We can use all of our virtual systems to help us manage reservations, market the property, price the property perfectly, and then we have our on the ground team to help us with the turnover and things like that.
Jay Conner [00:12:20]:
I got you. So it’s a matter of technology and people and the team in place. So, I’m not gonna be managing personally my grandparents’ homeplace, farmhouse. So what advice would you give me since I don’t want to manage it? Now, my friend tells me that here in our local area, there’s a company that specializes in managing short-term rentals. Now, of course, they’re going to take a good piece, of the gross revenue coming in versus managing it yourself. But quite frankly, I don’t even know what these property management companies do or their service, what it is that they provide that specializes in managing local, I mean, managing short-term rentals. So what advice would you give me as to what kind of questions should I ask this property management company that supposedly specializes in short-term rentals?
Tim Hubbard [00:13:23]:
You know, so there are a lot of short-term rental companies now. We’ve had traditional ones in vacation-heavy markets for a long time. But, honestly, we’ve had so much technology come along that no matter who you’re working with, it’s a good idea to ask them what sort of tools they use. So do they have a digital guidebook that they’re gonna send out to your guests that your guests can pull up on their iPhone and see, you know, all the amenities of your house and see your favorite local recommendations? Are they using a pricing software that’s going to dynamically change your prices every single day just like an airline would, you know, that’s accounting for demand, that’s accounting for seasonality, it’s accounting for day of the week, all those types of things, events. So the first piece I would say is just making sure that they’re using technology and that they’re up to speed with that. Smart locks, and security cameras, those things are important. And then I would also pick their brain about their actual pricing strategies because there’s a lot that goes into pricing, a short-term rental.
Tim Hubbard [00:14:24]:
I mean, we have revenue managers. That is a career that people make a career out of in the hotel industry but short-term rentals are very different than hotels most of the time if you have a hotel with 200 rooms in it, most all of those rooms are pretty much identical, whereas, you know, I mentioned the case earlier, we have property a and property b, and they’re making different amounts of money, maybe because they have different, amenities, maybe because the reviews aren’t as good. And so you have to dig into each property, know exactly what you’re working with, and then also know your market. If we don’t know our market well, then we don’t have anything to compare to. We could say, you know, maybe you start with your property next month, Jay, and in the next 12 months, you make $100,000. And then next year, you make $120,000. And, you know, everything looks great. Right? Property management says, hey.
Tim Hubbard [00:15:15]:
We increased your revenue by 20%. But when the reality might be that your market, the average property similar to yours is making $150,000 So the revenue management is an important piece and it’s not there are so many variables that go into it. It is it’s like we have to invest a lot in our properties, not just in the actual physical piece and the furniture, but we have to make sure that our guest experience is very, very good. And so really fast communication times, you know, how quickly is this property manager going to respond to your guess is an important one. And then a quick way, you know, just a tip if you’re out there looking for short-term rental managers is looking at reviews from properties that they already manage because that’s another thing about the short-term rental world is that it’s very transparent. And so when a guest stays on our property, most of the time they leave a review. We always want them to leave a review because it gives us really good feedback. And so we wanna make sure whoever we’re working with does a really good job with the guest experience, and they get the review piece right.
Tim Hubbard [00:16:23]:
Because even if you get everything else right if you don’t have good reviews, it can crush you in this business.
Jay Conner [00:16:28]:
Absolutely. Well, you know, you’ve got the property management company, but you know, you can have the best property and the best service and the best experience lined up, But if nobody knows about it, it’s like, what good does it do? So our property management companies are also skilled and offer services of promoting the property or is that somebody else’s job and responsibility to make sure it’s getting bookings?
Tim Hubbard [00:16:59]:
Great question. Great question. So they might be, but it depends. So, I mean, you have some property managers who might put your property on Airbnb and call it a day. You have other ones that might put it on all of the most important OTAs. We call them online travel agencies. So they’d wanna be on VRBO, they’d wanna be on booking.com, they’d wanna have a way for those guests to book directly, They would wanna be on Google Vacation Rentals. Google’s entered the space now too.
Tim Hubbard [00:17:28]:
So, that’s one side of it. It’s just getting on these so you will, without a doubt, get reservations from these listing sites, but you want a property management company that has a way to book directly too. The way we do it with our company is that we charge a little bit more per night, but the guest pays a little bit less than they would if they were to book through Airbnb. And so our owners, and for my properties, we make more at the end of the day while charging the guests the same amount. So great question to ask any potential property manager. Just make sure they have a way to book directly. And then they can go one step further in that and make sure that they’re sending out emails. Collecting emails is the first part of all their guests.
Tim Hubbard [00:18:23]:
There are some great ways to do that these days too. But you are then sending out emails following up with their guests and trying to get repeat bookings. So, yeah, you definitely can do a lot of marketing, but just making sure you’re on all the right channels to begin with is a good first step.
Jay Conner [00:18:40]:
Great advice, Tim. Now you are the CEO of Midtown Stays, which is a short-term rental, accommodation company. Is an accommodation company the same thing as a property management company, or is there a difference?
Tim Hubbard [00:18:57]:
Not a huge difference. I mean, we’re doing the same thing. I just you to know, that with our company, it’s all about the guest experience, and I think accommodation sounds a little more like an experience than management.
Jay Conner [00:19:12]:
I like it. I like it. So, let’s talk about your short-term, rental management company. What are the lists of services that your short-term rental company provides?
Tim Hubbard [00:19:25]:
Well, I mean, everything we’ve been talking about, we do with my properties and we do with all of our partners’ properties. We call everyone who joins us a partner, and I’ll I’ll explain why. And just to go back a step 2, Jay, we haven’t been managing and, that we we just started managing a year ago, but I’ve been managing my properties for years. Do you know? Right. We have tens of thousands of reservations with my properties, and I have a podcast as you mentioned in the intro. And so I never got into the business to manage other properties. I was just like, you know, I wanna build passive income. I wanna do it on my own, and so I had to build my team to be able to do that.
Tim Hubbard [00:20:07]:
And then it just got to a certain point where there were lots of people reaching out. Hey. Can you help manage our properties? And, last year, we said, sure. Our team’s big enough, and now we can do that. But there is a big difference between our company and a traditional vacation rental manager is that we are virtual, as you know, and so our whole team’s virtual too for the most part. I mean, I have, our teams on the ground that help me with my specific properties. But the way we work is we use all the same systems, we use all the same software, we use all the same policies and strategies we do with my properties as we do with our partners, and we’re also able to charge a much lower fee for that too because we’re not actually on the ground. Now another big piece that a really important piece of the puzzle is is the property turnover, and that’s making sure we have a good housekeeper.
Tim Hubbard [00:21:00]:
And so that’s something that we don’t do. We don’t hire directly those housekeepers and maintenance, but there are tons of fabulous housekeepers and maintenance staff out there. A lot of owners already have that piece, so we just take over the communication directly with them. We coordinate all that. We use additional software to monitor and make sure things get cleaned properly. And by doing that, by doing all these things virtually, we’re able to shave a lot off off our property management fee, which makes it better for the owners and allows us to keep doing what we’re doing.
Jay Conner [00:21:31]:
I love it. I love it. You know, my definition of coincidence is God’s way of staying anonymous. So I’m glad we’re having this conversation because your company just might be handling the management of my grandparents’ home place before this conversation. No. That would be amazing. So does your management company for short-term rentals, do you also handle the promotion of the property? Any social media, exposure? I mean, to what extent do you, does your company help promote the property to get booked?
Tim Hubbard [00:22:08]:
Great question. So we are not doing the social media piece at the moment aside from Midtown Stays or company. We do charge a a much lower discounted fee, but there’s there’s a lot of work that goes into it. Now we do have some cool tools that we’re experimenting with. There’s a company called Stayfy. It’s an Internet router that can go into each property, and it allows us to collect all of the emails for our guests. And so we are sending out regular emails to stay in touch.
Tim Hubbard [00:22:38]:
We do have the ability to segregate properties so they can create specific marketing channels for those properties. So that’s kind of our first step. It’s something that we’re we’re diving into a lot this year. But the reality is, Jay, we compare our properties to the market and our properties perform well, and there hasn’t been a huge need just in my portfolio to do this marketing on my own because we have companies like Airbnb and VRBO that spend these 1,000,000 and 1,000,000 of dollars. And so we’re doing it now, but it wasn’t a big priority for my portfolio. So that’s something we’re we’re still getting into a little
Jay Conner [00:23:17]:
more. So it sounds like as long as, such as your company, knows how to show the property the best on those platforms such as Airbnb, VRBO, etcetera. I guess I guess part of your company’s service is to make sure that the listing is looking as good as it can on those platforms. Right?
Tim Hubbard [00:23:44]:
Exactly. Yeah. I mean, it’s in our best interest. It’s in our owner’s best interest. And so when we bring on a property, we offer all of our recommendations. We offer all the recommendations. It’s it’s really easy, Jay, because I just offer the same recommendations to do with my properties, and I have properties in my portfolio scattered across. And so sort of when we’re overlooking this, it seems challenging to be able to go in and just pick up a property in any market.
Tim Hubbard [00:24:12]:
But I’ll tell you that we have so much data available now that we can do this remotely. And many times we know the market much better than the owners do in their market because they haven’t seen the competitor data and they haven’t seen, you know, how much this property could earn on 4th July, and when it should be booked and how far in advance and all those things. And so we have luckily a lot of tools available to to make sure that we’re at the top of our game.
Jay Conner [00:24:41]:
It sounds like when you bring on a new, client or a new property, it sounds like you’re giving your checklist as to what the owner of that property should make sure they have in place for it to be a successful, short-term rental, right?
Tim Hubbard [00:24:57]:
That’s exactly right. And that’s that’s why we call it a partnership too, because there are things that we cannot do there on the ground. We want you to use a certain lock brand. We want you to use a certain camera brand, but we’re not gonna be the ones that are installing it. So we have all these recommendations in place. Again, the same ones that I use with my properties. And as long as those are taking place on the ground, then we can manage it just the same way we do our portfolio.
Jay Conner [00:25:25]:
Well, you know, everybody loves a checklist, particularly particularly if you are an entrepreneur. You love a checklist. You know, I was going to ask you, how does somebody go about hiring virtual team members? Well, so let’s say, you know, somebody hires your company. Well, all your team members are virtual, but are there any other virtual team members that need to be hired? The housekeeper is one of them. Who else needs to be hired?
Tim Hubbard [00:25:54]:
So, the virtual piece, we’ve got that all taken care of. It’s just on the ground. Right? So, the housekeepers, of course, and the maintenance staff. But one of the nice things again with the industry, and now that there are millions of properties and people are staying in short-term rentals a lot of times instead of a hotel is that there’s also a huge industry behind it. I mean, all the software and things that we have today, we did not have years ago. And we also have companies that are set up to help you find housekeepers and to help you find maintenance staff, again, you can see reviews from them. And so aside from a housekeeper and a local local handyman, we’ve got everything else taken care of.
Jay Conner [00:26:39]:
That’s fantastic. Well, I’ll tell you what, you have just triggered so many questions in my mind, but we’re just about out of time. So, Tim, I know we have got a lot of people who want to learn more about how you could help them with their short-term rental management. So how can people get in contact with you? What’s the best way for people to continue the conversation with Tim Hubbard?
Tim Hubbard [00:27:03]:
Well, we’ve got a podcast, that comes out every week. It’s called Short Term Rental Riches. We were fortunate to have you on, recently, Jay, because the financing piece is a big part of that. But you can go to strriches.com. You can see all of our podcasts are on all the different outlets. There’s also a property management button there too. So if you did want to chat with us about potentially helping you with your property, we’d be more than happy to do that. Just a few quick questions, and we can schedule a Zoom call, and that’s about it.
Tim Hubbard [00:27:33]:
That’s the easiest way.
Jay Conner [00:27:35]:
Awesome. So, everybody, I want you to check this out www.strRiches.com, which of course stands for short-term rentals, www.strRiches.com and, Tim and his team will get you taken care of. Tim, any parting comments or last-minute advice?
Tim Hubbard [00:27:58]:
Well, I just, mentioned checklists and we do have an ebook on there, a short-term rental property management ebook. I forgot. It’s free, and it’s full of checklists, so anyone can download that too. That one’s actually on restmethods.com. I think you could probably get to it from either one, but that’s helpful for anyone getting started or looking to potentially work with the manager because it’s got a lot of good questions that you’d wanna ask that manager as well.
Jay Conner [00:28:23]:
So that other URL is I’m sorry, Tim. Go ahead.
Tim Hubbard [00:28:27]:
www.RestMethods.com Aside from that, Jay, I would just say that, you know, there’s a lot of ways to be successful in in real estate. Right? Short-term rentals can fit a lot of people’s situations. They can help with, tax situations, and they’re just a little more fun, in my opinion. And if they can make you more money and they’re a little more fun at the same time, I think, you know, it’s good there’s a lot of good opportunity left. So
Jay Conner [00:29:01]:
Well, here’s my advice when it comes to short-term rentals. If you’re listening to this show and you want to get into short-term rentals and you’ve never done it before, don’t try to do it by yourself for goodness’ sake. Team up with Tim Hubbard and his team that’s already got the processes in place, instead of trying to go out there by yourself and figure it out on your own. Tim, thank you so much for joining me here on the show.
Tim Hubbard [00:29:29]:
Thanks for having me, Jay. It was a lot of fun.
Jay Conner [00:29:31]:
You got it. Well, there you have it. Another amazing episode of Raising Private Money with Jay Conner. We appreciate your, subscribes and ringing that bell if you happen to be watching on YouTube. If you’re listening on Apple or Spotify, be sure and follow so you don’t miss out on any of the upcoming amazing episodes. So, thank you for joining me. I look forward to seeing you right here on the next episode of Raising Private Money.
Narrator [00:30:01]:
Are you feeling inspired by the knowledge you gained in this episode? Then head over to www.JayConner.com/MoneyGuide. That’s www.JayConner.com/MoneyGuide, and download your free guide that shares seven reasons why Private Money will skyrocket your real estate business right now. Again, that’s www.JayConner.com/MoneyGuide to get your free guide. We’ll see you next time on raising Private Money with Jay Conner.