1 hr 2 min
How to Buy Your First Airbnb Property | Mistakes to Avoid as a New Airbnb Host Black Real Estate Dialogue
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- Investing
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Today, we sit down with Juwan Rohan, a realtor, investor, and “progressive entrepreneur” based in the Bay Area. Alongside his real estate career, he is the host of The Misguided Podcast.
Juwan purchased his first property last year and he is currently using it as a short-term rental on Airbnb. He spent three years before that first purchase studying the real estate world as much as he could.
In this episode, Juwan speaks on navigating the typical challenges of managing an Airbnb rental, why it’s so important to have reserves and not rest on your laurels even once you close your first deal, and why having rentals in your business name instead of your personal name is almost always a better option.
Highlights
1) In real estate, there are many ways to enter and many ways to exit. Juwan reminds us that a seemingly “bad” deal today doesn’t necessarily have to stay that way with some initiative, creativity, and even a bit of luck on your part as a business owner.
2) If you’re thinking about managing an Airbnb rental, note that furniture is likely going to be your biggest expense. Get creative here by, for example, looking for places that will rent you furniture on a monthly basis (some even offer student and military discounts up to around 80%).
3) Juwan suggests always putting the property in your business’s name instead of your personal name. Not only will this protect your personal assets, but will also give you a much easier time dealing with leasing companies, who will only care about whether you’re bringing in rent every month as a corporate entity.
How to find him
Instagram - @juwanrohanmusic @themisguidedpodcast
Learn how to invest out of state- https://www.outofstatemoney.com/
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Investing Community- https://bit.ly/joinbredcommunity
Download my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1
Learn how to build your real estate team- https://bit.ly/buildyourteambred
Learn how to find your first tenant- https://bit.ly/firsttenantcourse
Text BRED to 74121 to join our VIP Text List to get a free training and the latest updates!
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!
Today, we sit down with Juwan Rohan, a realtor, investor, and “progressive entrepreneur” based in the Bay Area. Alongside his real estate career, he is the host of The Misguided Podcast.
Juwan purchased his first property last year and he is currently using it as a short-term rental on Airbnb. He spent three years before that first purchase studying the real estate world as much as he could.
In this episode, Juwan speaks on navigating the typical challenges of managing an Airbnb rental, why it’s so important to have reserves and not rest on your laurels even once you close your first deal, and why having rentals in your business name instead of your personal name is almost always a better option.
Highlights
1) In real estate, there are many ways to enter and many ways to exit. Juwan reminds us that a seemingly “bad” deal today doesn’t necessarily have to stay that way with some initiative, creativity, and even a bit of luck on your part as a business owner.
2) If you’re thinking about managing an Airbnb rental, note that furniture is likely going to be your biggest expense. Get creative here by, for example, looking for places that will rent you furniture on a monthly basis (some even offer student and military discounts up to around 80%).
3) Juwan suggests always putting the property in your business’s name instead of your personal name. Not only will this protect your personal assets, but will also give you a much easier time dealing with leasing companies, who will only care about whether you’re bringing in rent every month as a corporate entity.
How to find him
Instagram - @juwanrohanmusic @themisguidedpodcast
Learn how to invest out of state- https://www.outofstatemoney.com/
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Investing Community- https://bit.ly/joinbredcommunity
Download my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1
Learn how to build your real estate team- https://bit.ly/buildyourteambred
Learn how to find your first tenant- https://bit.ly/firsttenantcourse
Text BRED to 74121 to join our VIP Text List to get a free training and the latest updates!
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
1 hr 2 min