Short Term Rental Riches 179. Lessons from one of the industry’s leading experts (Jonathan Farber)
Apr 18, 2023
In this engaging discussion, short-term rental expert Jonathan Farber shares invaluable insights from his extensive experience in the real estate sector. He emphasizes the necessity of virtual team members and offers best practices for hiring virtual assistants. Jonathan also dives into the art of remote management, the pitfalls of traditional property management, and the critical role of adapting to changing economic landscapes. Plus, he reveals his unique perspective on living a 'Rich' life and how to transform dreams into actionable plans.
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BALANCE in Rental Portfolios
- Short-term rentals may offer higher returns than traditional rentals but come with distinct risks.
- A balanced portfolio combining both can support diverse income streams and lifestyle goals.
Hiring and Managing Virtual Assistants
- Hire experienced virtual assistants to get faster results or invest in training for less experienced ones.
- Be quick to cut underperformers to keep your operation efficient and scalable.
Continuous Learning for VAs
- Encourage your virtual assistants to continuously learn by finding relevant podcasts and videos.
- Asking them to share daily learnings helps improve skills and deepen their understanding.
