The Expat Money Show - With Mikkel Thorup 185: Tim Hubbard’s Secret to Expat Wealth via Short-Term Rentals
Downtown Fourplex Success
- Tim Hubbard renovated a fourplex in downtown, initially intending to live there.
- He jokingly predicted it could earn $20,000/month as short-term rentals, and it now does.
Initial Self-Management
- Manage your first few short-term rental properties yourself to understand guest needs and operations.
- This direct experience is valuable, especially before scaling to a larger portfolio.
Outsource Messaging
- Outsource guest messaging early on to avoid burnout and maintain growth momentum.
- Consider virtual receptionists or property management software with messaging services.
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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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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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.