Patryk Real Estate Show - Short Term Rentals cover image

Patryk Real Estate Show - Short Term Rentals

52. Balancing Being A Good Father w/ Building an Airbnb Portfolio

Apr 18, 2024
Join Michael Chang as he shares how he transformed short-term rental investments into a sustainable income source while balancing family life in NYC. With 32 units, he discusses strategies like arbitrage, scaling operations, adapting to market changes post-COVID, and managing work-family balance as an entrepreneur and parent.
41:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Michael emphasizes sustainable growth in real estate over quick gains, utilizing arbitrage and long-term investments.
  • Focusing on a single market drives expertise and significant returns, while diversification protects assets.

Deep dives

Real Estate Investing Journey and Passion for Financial Freedom

Michael shares his journey in real estate investing, emphasizing sustainable growth over get-rich-quick schemes. Operating a successful short-term rental business, he discusses scaling and utilizing arbitrage to support buying properties for long-term investment.

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