185: Tim Hubbard’s Secret to Expat Wealth via Short-Term Rentals
The Expat Money Show - With Mikkel Thorup
Short Term Rentals - What Are the Taxes?
The taxes are going to depend on where were you doing it at. Most cities and most places around the world are gong to have some sort of transient occupancy tax. It's actually easier to get that designation than it is with long term renols. So there's different requirements in stuff like that. But for someone doing this, is a side job, if they happen to be in the us, and something really to look into because they might be able to save a lot on their taxes from their current job.
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.
- What it’s like to own property in different countries around the world, and is there an option of renting it out to make a little extra cash?
- Single most powerful tools to use to turn your short-term rentals into a profitable money-making machine in no time!
- The must-haves when it comes to decorating your short-term rental to capitalize on future revenue, over and over again.
- Why paying attention to currency devaluation is so important when you purchase properties in foreign countries.
- Tim and I discuss the pitfalls of managing a short-term rental in one country while you’re living in another country.
- What is the #1 reason guests call you… you’ll love this one!
- Most important questions when talking about a business in short-term rentals, and once you have these answers, the rest is a breeze.
- Stories…horror stories…nightmare guests. We all want to hear, and Tim shares with us a few really good ones that will make you cringe!
- After 20,000 guests and lots of things happening…the old adage stands true, ‘If I’d known what I know, most of this would not have happened.'
HOW TO CONTACT TIM HUBBARD
Short Term Rental Riches Podcast www.restmethods.com www.midtownstays.comRELATED EPISODES
171: Layover Secrets – How To Get The Most Out Of Every Minute You've Got – Michael Wedaa 157: Working Remote From Spain - Chase Warrington 138: Digital Nomad Life In Asia – Nimrod Dean KuchelCONCLUSION
I learned a lot from my conversation with Tim Hubbard. He’s a real pro when it comes to Short-Term Rentals. He’s been doing this a long time, and if you want help setting up your own STR in your city, I’d say listen to Tim, I think you will learn just a ton of really great information from this episode.Mentioned in this episode:
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Join Us For Upcoming Live Webinars
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.
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Into The Amazon—Then Straight To The Beach
This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.
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