67 episodes

Tim Hubbard, successful investor and CEO of a seven-figure short term rental management company shares it all. The insider tips you need to know to acquiring, operating and scaling a successful short term rental business.

Short Term Rental Riche‪s‬ Tim Hubbard

    • Investing

Tim Hubbard, successful investor and CEO of a seven-figure short term rental management company shares it all. The insider tips you need to know to acquiring, operating and scaling a successful short term rental business.

    Control (The Beauty of Real Estate vs. Other Investments)

    Control (The Beauty of Real Estate vs. Other Investments)

    Many things are out of our control like the government policies of different nations, the news, or the weather but when it comes to our investment decisions we can absolutely maintain control. This is one of the main reasons more people become wealthy through real estate than any other investment class. Control of our properties’ is what allows us to improve it’s value, change it’s use, improve management, list it for sale, or restructure our debt; that cannot be said for many other asset classes. We cannot control the value of most other investments and that’s why I've chosen real estate as my main investment vehicle. Lets dig deeper this week and discuss:
    Why more control = less risk Our ability to control real estate Why you give up control with other investment classes Creating value with real estate Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.
    Find us on instagram! @RestMethods

    • 8 min
    Buying International Property? Beginner Tips You Need To Know

    Buying International Property? Beginner Tips You Need To Know

    It's such an exciting thought, isn't it? Owning property in another country. It has a nice exotic ring to it. And while purchasing international real estate can provide so many benefits beyond a simple investment return, it's not necessarily the easiest thing to get into. This week we'll cover a few lessons I’ve learned and some things to look out for investing in a “foregin” place. 
    What to do in a brand new (foreign) market  Precautions for foreigners investing from abroad Differences in the property search  What you will likely encounter Side benefits to purchasing internationally Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here: https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.
    Find us on instagram! @RestMethods

    • 17 min
    Are You Meeting Your Guests' Expectations?

    Are You Meeting Your Guests' Expectations?

    An experience is none other than an expectation and whether that expectation was met or not. Great reviews and experiences happen when our experiences are exceeded. The opposite is obviously true as well and I’m sure you remember plenty of times where you went somewhere like a restaurant, a new city, a friend’s a party, with an idea of what the experience would be like but it turned out to be completely different. You will hear many successful sales people say to always “exceed expectations.” Why? Because they know if they do they will receive great feedback, more business, or more referrals to keep the business growing. This week I want to talk about a couple recent experiences I had in some short-term rentals:


    My recent trip to Tahoe, CA An example, where I dropped the ball with MY OWN property Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.
    Find us on Instagram! @RestMethods

    • 7 min
    The Mandatory One Page Printout (All Your STR’s Should Have)

    The Mandatory One Page Printout (All Your STR’s Should Have)

    Our guests have the best experience when their questions are answered before they even ask them. There are many ways to do this, lots of which we have discussed in prior episodes like guidebooks and automated messages, but there is a third piece that’s super simple to implement. A third piece that is often more helpful for our older guests that shy away from technology and digital apps. This week we’re talking about old school guidebooks. Yes, printed versions. Should we have one in our rental? What should it consist of?

    This week we’ll break down exactly how I do mine and will include:

    Why I only do one page What information exactly do we include on it Where to physically place them in your rentals Check out our episode #31 on digital guidebooks
    Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.

    • 12 min
    ONE New Tool to Organize EVERYTHING

    ONE New Tool to Organize EVERYTHING

    How do you create a passive operation? Whether it’s a portfolio of real estate, a short-term rental company, or any other business. Well, first of all, you have to have a place to put all of your standard operating procedures; the pieces of your business puzzle that tell all of your team exactly what they need to know. There are lots of ways to do this and I’ve explored many of them but I'm happy to say I believe I’ve found a new winner! I’ve discovered a tool that I’m confident will provide you the platform to easily organize and share whatever information you need about your properties or your business.
    It’s a beautiful new database tool called “Notion.” I’ve been using it for several months now and I want to give you my insights and why I think everyone could and SHOULD be using this tool. 
    This week we’ll dive into this beautiful piece of software and cover: 
    What is Notion, how does it work?  How “shared databases” are the solution to your organization nightmares How this can be a perfect fit for your properties How to use it with your STR’s  Additional benefits to help in your personal life To check it out for yourself visit: https://www.notion.so/login
    ** Please note that I have no affiliation with this company I just think it could be very useful for you :) **
     
    Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.

    • 10 min
    Professional Tax Advice From My CPA - Part 2

    Professional Tax Advice From My CPA - Part 2

    I’ve mentioned the benefits of being a real estate investor when it comes to taxes in multiple episodes, but no one knows this subject better than Amanda Han, my CPA and personal tax advisor. Not to mention, she sees the behind the scenes PROOF that short-term rentals can earn excellent returns! Since she is the professional in the space I thought it would be great to bring her on in a 2-part series to hear directly from the source. You don’t want to miss this! 
    In this second part of a two part series we’ll cover: 
    Selling a property and considerations with depreciation Defferring capital gains tax with 1031’s or “Opportunity zones” The benefits of filing extensions  Living in a multi unit that is ALSO an investment (a 4 plex for example) No capital gains tax up to $250 / $500k(if married) for personal residence exclusion  Recap of our typical expenses for the RE investor Recap of how to use your STR expenses to write off “other” income through “materially participating” Tax differences if you are doing lease arbitrage To find out more about Amanda and her company “Keystone CPA” visit www.keystonecpa.com
    To find out more about cost segregations you can contact Scott at scott@sudykainc.com 
    Thinking of doing a 1031 exchange? Check out http://www.exeter1031.com/ 
     
    Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual 
    For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com 
    If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a  free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy” 
    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.

    • 29 min

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