104: AirBnB Rental Business, Listener Investing Questions Answered - a podcast by Sam Marks & Johnny FD
from 2018-09-27T14:52:51
Frank Valencia, Sr. Managing Partner, and Victor Sanchez, Operations Manager, are part of Bongo PM Team. Their company, Bongo PM, focuses on AirBnB Property Management for vacation and short-term rentals. Their mission is to find the best real estate services for people looking for a home to rent or a vacation property to stay.
This is a special episode where the guests answer the listeners’ questions from The Boss Lounge about short-term rentals. If you are a property owner or a traveler looking for a place to rent, this is a perfect episode to start your real estate journey. Frank and Victor explain what services their company provides and the fundamentals of short-term rentals. They will answer several questions that you yourself might be asking, including the best cities for property rentals, profitability, taxes, and income potential.
Where we are:
- Johnny - Chiang Mai
- Sam - Denmark
Links:
Discussed:
- ILAB 89 – AirBnB Income Stream, Investment Properties and 3rd Party Management with Frank Valencia
- ILAB 96 – 6 Keys to Protecting Your Properties From Lawsuits With Scott Smith
Time Stamps:
- 10:09 – The services that Bongo PM provides
- 13:30 – What people look for in the properties they rent
- 14:36 – Important factors to keep short-term rentals up and running
- 16:06 – Determining factor if the property is profitable
- 20:41 – Understanding the fundamentals of short term rentals
- 21:32 – Tip and tricks in entering this industry
- 24:07 – Limiting one's liabilities
- 24:49 – Finding properties for short term rentals
- 25:54 – Purchasing a profitable property
- 26:47 – Impact of hotel taxes
- 27:41 – How to persuade the property management to allow short term rentals
- 29:19 – Projecting future income potential
- 30:31 – Best cities with best rental yields
- 33:45 – Insurance
- 34:34 – Properties in New York
If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.
Further episodes of Invest Like a Boss
Further podcasts by Sam Marks & Johnny FD
Website of Sam Marks & Johnny FD