Ep 35 - How to hustle your way to 27 short term rentals with Noah Hoffman

GUESTS BIO

Noah Hoffman - is a real estate investor with 27 units. He owns 7, master-leases 5, and manages 15 with 3-6 more coming on in the next 90 days. Noah started with management, which led to buying properties with conventional financing with his wife, and then started partnering with people on owner finance and subject-to deals to acquire with little to no money down.

HIGHLIGHTS OF THE EPISODE

04:19  Noah’s biography/introduction

05:08  How Noah started in real estate towards short term rentals.

06:58  How Noah got the idea of doing Airbnb.

08:39  Noah’s 2nd unit in another state.

09:27  What markets is Noah in now.

11:45  What Noah’s team looks like.

14:00  What Noah's operations look like to automate some of the processes.

16:39  Tools that they use for their property management system.

24:22  How Noah started branching off into the rental arbitrage.

18:01  Noah’s rental arbitrage and how it evolved into a subject 2 deals.

27:15  What a ‘subject 2 deal’ is.

33:49  Mike and E’s acknowledgement/highlight to Noah.

35:39  Noah’s experience on his 2nd mentorship.

36:52  Noah’s goals and plans for 2021.

38:06  Why Noah is cold calling for 2 hours a day.

40:41  Where can people get in touch with Noah Hoffman?

41:24  Noah’s #1 secret to success in short term rentals.

NOTABLE QUOTES (KEY LESSONS):

"Man I really got to learn about other markets. It's just the tip of the iceberg." - Noah Hoffman

"All systems are great until they don't work. So you got to make sure 1. You can rely on them and 2. That they're actually making your life easier." - Emanuele Pani

"When I was 17 the owner of the property said 'Sorry we're gonna sell the house, you have to move.' And then it happened again a couple of years later and I'm not gonna let that happen to me. I need to own real estate." Noah Hoffman

"The more you know, the more ways you know how to do things." - Emanuele Pani

"If you don't continuously inspect your business for new opportunities, new efficiencies you're gonna fall by the waist side from somebody that's hungrier, that's just going to outperform you eventually." - Michael Sjogren

CONNECTING WITH THE GUESTS

Instagram: https://www.instagram.com/airbnbkingnoah/

Linkedin: https://www.linkedin.com/in/noah-hoffman-950a942/

Smartbnb website: https://www.smartbnb.io/

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