The Landlord Diaries FF89 The San Gabriel, A 9,000 Sqft, $30,000/Mo Luxury Rental on Furnished Finder w/ Jason Griggs
Jason Griggs is a gym teacher turned real estate tycoon known as the “go to guy” in Las Vegas for short or mid-term rentals with one specific luxury property, The San Gabriel, that rents for $30,000 - $50,000 monthly. Jason is a realtor and property manager at Simply Vegas. He also owns Griggs Vacation Homes.
In this episode we cover:
0:00 Intro- Welcome to The Landlord Diaries
2:39 Jason’s transition from PE Coach to successful real estate investor
4:20 Jason’s real estate portfolio in Las Vegas
6:10 The San Gabriel property details
7:45 Flexing the San Gabriel between short term & mid term
10:15 Creating an experience at your property
12:45 Las Vegas area short term rental restrictions
15:30 Should you be afraid of larger properties?
17:25 San Gabriel guest types
19:20 Communication style needed for luxury properties
20:45 Upgrade the experience for your mid-term rental guests
22:25 Furnished Finder leads for San Gabriel & Jason’s other properties
24:20 With Furnished Finder, move in fees are paid upfront unlike other OTAs
25:35 Jason’s Tier 2 property at 5,000 sq ft
26:10 What should you consider when looking for a good STR/MTR hybrid property?
29:45 How to compete w/ the luxury hotels
30:25 Jason’s goal is to double his mortgage anyway he can
31:50 Is someone going to ruin my property?
34:45 Be patient & proactive with your mid-term rentals, plan for some vacancies
39:55 Why Jason chooses to pay off his properties as quickly as possible
42:20 Jason thinks all realtors should be investors & partner with your clients
43:55 What Jason teaches in Griggs University
44:40 Final tips on how to succeed with larger properties
Website Links:
https://www.furnishedfinder.com/
Jason’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=Jason.Griggs
https://winwithairbnb.com/
https://griggsvacationrentals.com/
https://linktr.ee/jgriggsrealestate
IG: @jgriggsrealestate
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https://podcasts.apple.com/us/podcast/the-landlord-diaries/id1641540804
https://open.spotify.com/show/4SvrXhCVRZMkbVDTF2Fyh2?si=f3d62047d84244a9
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