The House Hacker's Playbook: Strategies for Financial Freedom with Steven Toth

From the hesitancy that gnaws at every first-time investor to the thrill of securing that deal where the numbers sing, my own venture into real estate investing was a rollercoaster I never expected to enjoy. This week's episode is a testament to the power of action over indecision and a guidebook to turning properties into profit. Joining me is the inventive Steven Toth, who intertwines his flair for hospitality with sharp real estate acumen to master the art of medium-term rentals. Together, we dissect his strategy for living rent-free, leveraging Airbnb to vet prospective tenants, and ensuring his properties appreciate in value for the eventual sale.

The conversation shifts to the chess game of balancing short-term perks against long-term gains. As I splay open my playbook, you'll get an insider's look at managing a diverse portfolio of properties, from the layout intricacies to selecting the right tenant mix. We navigate the dichotomy of Airbnb's flexibility and the stability offered by services like PadSplit, all while keeping a keen eye on maximizing both time and revenue. Steven's clever use of house hacking and our discussion on the ebb and flow of tenant turnover will leave you with a new appreciation for the finesse required in property management.

Wrapping up, we tackle real-world snags from rising interest rates to the draw of location, reflecting on how these factors shape investment decisions. My own story of grappling with a property's poor access to amenities underscores the unpredictability of the market—a theme that resonates throughout the episode. The candid revelations from Steven's wealth of knowledge shed light on the nuanced strategies behind successful real estate investing. Whether you're a seasoned investor or just dipping your toes in, this episode is brimming with insights that defy the status quo of property investment advice.

(00:00) Real Estate Investing
(11:15) Managing Rental Properties With Zibo
(17:01) Managing Long-Term Tenants and Avoiding Difficulties
(24:42) House Hacking Strategy and Challenges
(35:02) Appreciating Steven's Detailed Conversation

About Steven Toth
Steven Toth is a real estate agent & investor with 8 years of experience in the industry. With a degree in Hospitality Business Management from Northern Arizona University, he's taken his knowledge of Hospitality and joined them with his passion of real estate to provide a unique medium term rental solution. Steven currently rents out 14 rooms in the Phoenix Area with his tenants enjoying benefits typically seen at a normal Airbnb while paying substantially below market
rents and without major modifications to the property typically seen by companies such as Padsplit.

Real Estate, Property Investment, House Hacking, Tenant Selection, Property Management, Short-term Rentals, Long-term Rentals, Airbnb, Zibo, Cash Flow, Market Uncertainty, Interest Rates, Location Challenges, Parking Solutions, Real Estate Market, Economic Climate, Steven Toth, Hospitality, Medium-term Rentals, PadSplit, Tenant Turnover, Tenant Relationships, Public Transportation, Shops, Investment Decisions, Practical Applications, Transparency

@hackingrepod