The most common question that comes to mind with real estate investing is: where do I start? While there’s no one right answer, this week’s guest is passionate about sharing one the easiest way to get into real estate investing: Airbnb co-hosting!
This week, Craig and Zeona are joined by Natalie Palmer, a certified Airbnb Ambassador with 17 Airbnb Superhost awards and 9 rentals under her belt. In this episode, Natalie shares how she went from managing just one unit to purchasing her very own property.
If you’re looking for a stable source of passive income without much capital, then Airbnb co-hosting might be perfect for you! Join us in this episode and learn the importance of diversifying, setting boundaries with renters, and asserting your value as a property manager.
PODCAST HIGHLIGHTS:
[3:16] The Surprising Power of Short-Term Rentals
[5:48] A Lightbulb Moment: Natalie Decides to Go Full-Time
[7:45] How Furnishing Can Affects Profits
[10:59] Natalie Tells All: The Cost of Her First Purchase and Renovations
[16:00] Dealing With Renovations On Her First Property
[18:47] Setting Ground Rules to Avoid the Need for an Eviction
[21:40] Diversifying Into the RV Business
[27:31] Arbitrage vs. Co-Hosting
[32:01] All You Need to Know About First-Time Co-Hosting
[36:28] How To Communicate Your Value to Property Owners
[43:00] Natalie’s Best Piece of Advice for Beginners
[46:37] Setting Much-Needed Boundaries With Renters
[51:14] Real Estate Investing as a Means to Spend More Time With Family
Affiliate Links:
1. Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
2. Join a supportive community of over 1200 passionate like-minded investors! You can find your very first short-term or medium-term rental here, as well as accountability buddies and bi-weekly webinars:
AirBnB Investing - https://www.facebook.com/groups/airbnbinvesting
3. Listen to Natalie’s podcast No Vacancy on Spotify and Apple Music where she gives tips and tricks on how you can get started on building your short-term rental empire!
https://open.spotify.com/show/6JLknb9bvjB5wjUquuYxW8?si=4c43c2764a1b4410 II https://podcasts.apple.com/us/podcast/no-vacancy-the-podcast-with-natalie-palmer/id1620243933
4. Stop by Natalie’s all-women STR Summit happening this February in Scottsdale, AZ! - https://www.instagram.com/levelupyourlistin
5. www.rentredi.com and use our CODE: INVEST2FI to get 50% off on their first 6 months.
www.rentredi.com — CODE: INVEST2FI
6. Kaplan Real Estate Education (we have the recording as well)
They can go to the website -https://www.kapre.com/
and use our CODE - Invest2
7. AirBnB Hosting course
This course is designed to walk you step by step from purchasing a property, setting it up to rent, to becoming an AirBNB SuperHost.
You can register FREE COURSE here:https://www.stepbystepbnb.com/a/2147508384/zG79Sujh
Episode 119 - The Value of Building Relationships in Real Estate With Henry Washington
Episode 118 - De-FI-ing Gravity: How Family Partnerships Can Get You Off The Ground
Episode 117 - The Importance of Drive, Hard Work and Connections, Even at a Young Age With Ashley Wilson
Episode 116 - A Look Back on the Highs & Lows of 2022 with Craig and Zeona
Episode 115 - Out of the Box Ways to Grow Your Mid-Term Rental Business with Jesse Vasquez
Episode 114 - Cultivating A Money Mindset Away From Negativity With Dave Mason
Episode 113 - Finding Financial Freedom Across Different Avenues Of Real Estate With Dominique Gunderson
Episode 112 - Becoming An Expert On Short-Term Rentals At 20 With Bailey Kramer
Episode 111 - Seller Financing: A Creative Tool For A Changing Market With Nathaniel Smith
Episode 110 - Andrew Tom On Finding His Why Through House Hacking
Episode 109 - Road To Financial Independence: From Investing In Rentals To Being An Agent With Ali Garced
Episode 108 - How To Get Started In Real Estate Investing With Ashley Kehr
Episode 107 - 30-Day Stay: A Real Estate Investor’s Guide To Mastering The Medium-Term Rental With Sarah Weaver
Episode 106 – House Hacking Your Way To Financial Freedom With Jon Hill
Episode 105 - How To Maximize Your Profit In Short-Term Rental Airbnbs With Eric Yu
Episode 104 - How Bigger Pockets And Money Makeover Kickstarted Megan Blythe’s Journey Into Real Estate
Episode 103 - The Do’s And Don’ts Of Real Estate Investing And Where It Is Headed With Dave Meyer
Episode 102 - Anything Is Possible If You Take Action: A 20-Year Old Investor’s Real Estate Journey With Jabbar Adesada
Episode 101 - Why Taking Action Is Key To Making It In Real Estate With Ashley Wolkomir
Episode 100 - The Story Behind BiggerPockets With Josh Dorkin
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