Real Estate Experiment Ruben Kanya

In this episode, Ruben discusses the power of investing in oneself and networking to succeed in the real estate industry.

Ruben highlights the importance of attending conferences such as the STR Wealth Conference to meet like-minded individuals who can provide valuable insights and support on your journey. He explains that networking is not just about collecting business cards, but rather about building genuine relationships that can help you grow both personally and professionally.

Throughout the episode, Ruben shares tips and strategies on how to network effectively, emphasizing the importance of being authentic, listening actively, and following up with people after the initial connection has been made.

The Real Estate Experiment is a must-watch for anyone looking to learn more about real estate investing and how to build a strong network of like-minded individuals to support them along the way. 


Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE


#networking #selfdevelopment #realestate

Rich Somers is an active real estate investor and entrepreneur holding a portfolio of real estate valued in excess of $50 Million. Rich hosts a real estate and business podcast, “The Rich Somers Report”, where he interviews top real estate investors, entrepreneurs, and athletes from all over the world. Today, we have him in the lab to ourselves!

A true practitioner, Rich is the CEO and founder of two real estate businesses: Somers Capital and FortuneCribs. Somers Capital is a vertically integrated boutique hotel investment firm, composed of industry-leading executives, while FortuneCribs is a technology & data-driven real estate investment & management firm.

With an in-house property management company and a direct booking platform under his belt, Rich and his firm are able to perform at levels superior to competitors. In this ‘rich’ episode, Somers dives into the world of scaling from short term rentals (single families) to boutique hotels with a unique background having started his portfolio in multifamily. Rob is able to share valuable insights on the differences between underwriting hotels vs. multifamily apartments, including value-add strategies and tech stack implementation to master significant returns for investors.

This episode is an absolute must-watch for short term rental operators looking to level up in a niched opportunity within the short-term rentals/commercial real estate industry. Learn from Rich's rich experience.Tune in now and Let's Build!



HIGHLIGHTS OF THE EPISODE:

07:31 Rich talks about scaling STRs and getting into boutique hotels

17:33 Rich talks about how underwriters value hotel and multifamily



KEEPING IT REAL:

01:50 Context on what Rich does

04:21 Social media or first deal, what came first?

07:36 Deciding to go bigger

09:43 What changed in the multifamily landscape

11:37 Can multi family operators run a hybrid?

13:54 Do lenders see hybrids as unstable

17:31 Underwriting for hotels and multifamily

22:57 Rich's Airbnb experience

26:08 No money down program

28:20 Scaling to boutique hotels

29:43 Expenses and money makers in boutique hotels

31:14 Value adding for boutique hotels
32:43 Returns from Mulifamily vs boutique hotels

34:53 What's next for Rich Somers

37:37 Advice for anyone who's interested in boutique hotels

39:15 Loan products for a hotel

43:14 Where to connect with Rich



CONNECTING WITH THE GUEST

Website:  https://somerscapital.com/

Instagram: https://www.instagram.com/rich_somers/?hl=en

Linktree: https://linktr.ee/richsomers



Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE



#shortermrentals #boutiquehotels #Airbnb #scaling #multifamily

In this episode of "The Real Estate Experiment" podcast, host Ruben Kanya talks about the importance of overcoming self-sabotage to achieve your goals. He stresses the need to remove limiting beliefs and barriers that prevent you from taking action towards your goals. Ruben encourages listeners to ignore the little voice in their head that puts doubt in their heart and instead take action, which will create momentum to move forward.


Ruben also highlights the fact that we often put barriers in front of ourselves before the world does, which can hinder our progress towards achieving our goals. He believes that by recognizing and overcoming these barriers, we can achieve success in any field, including real estate investing.
Throughout the episode, Ruben shares his personal experiences of overcoming self-sabotage and limiting beliefs in his own real estate investing journey. He emphasizes the importance of taking action and not allowing fear and doubt to hold you back.


Ruben concludes the episode by reminding listeners that they are the only ones with the power to let themselves down, and they should not be the ones to do so. He encourages listeners to take action towards their goals, no matter how small, and build momentum from there to stay on track and achieve success.



Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE



#selfsabotage #barriers #goals 

Amanda Han is a highly accomplished tax strategist and real estate investor, known for her expertise in working with real estate investors to develop tax-saving strategies. With over a decade of experience in the industry, including time with one of the Big Four accounting firms (Deloitte), Amanda brings a unique blend of financial expertise and real-world investing knowledge to her work. She co-founded Keystone CPA with her husband and immediately saw the need for real estate investors and tax savings, so they bridged that gap.

Today, Amanda has helped countless real estate investors navigate the complex world of tax laws and develop strategies to minimize their tax liabilities and maximize their profits.

Amanda's impressive portfolio includes a range of long-term rental properties and real estate syndications (catch that at the end of the episode). She is the co-author of several books related to real estate investing and tax strategies, including "The Book on Tax Strategies for the Savvy Real Estate Investor" and "The Book on Advanced Tax Strategies." Her work has been featured in Forbes, CNBC, and Fox Business, among other media outlets.

Amanda's deep knowledge of tax laws, combined with her practical experience as a real estate investor, make her an invaluable resource for anyone looking to maximize their investment in real estate. Her expertise helps entrepreneurs discover income they didn’t realize was possible with tax savings. Amanda is a true trailblazer, a true expert, and just as passionate as we all are here in the lab. If you're looking to learn from one of the best in the business, Amanda Han is the perfect guide. Let’s build!



HIGHLIGHTS OF THE EPISODE:

07:03 Amanda talks about translating her big firm CPA experience to regular investors
34:17 Amanda talks about how real estate couples can gain extra household income by quitting their jobs?!

KEEPING IT REAL:

03:15 What does Amand do?

04:50 Niching down to real estate

07:03 CPA for regular investors

09:58 What hold people back from real estate investing

12:20 What investors aren’t doing

15:13 What investors should be tracking now

19:19 Thoughts on building credit

25:15 Reps tracker and other tools

26:57 Three main tax reduction hurdles

29:28 How often do people get audited

32:29 Tax strategy case studies

34:17 Extra household income
37:13 Tax strategy is not sexy but it changes lives

38:35 What’s next for Amanda Han

40:08 Passive investments in syndication

41:15 Where to connect with Amanda



CONNECTING WITH THE GUEST

Website:  https://www.keystonecpa.com/

Instagram: https://www.instagram.com/amanda_han_cpa/



Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE



#taxstrategy #realestateinvesting #taxsavings #CPA #taxdeductions

In this episode, your co-host Ruben Kanya of the MTR vs. STR  Smackdown summit recap the event that occured last week featuring some of Experiment Nation's top podcast guests on a panel of top leaders in the short term rental industry who discuss the benefits of a new mid-term rental model that is gaining popularity. This new model is becoming increasingly attractive to investors who own furnished accommodations and are looking for ways to increase their revenue, occupancy, and cash flow.

The panelists include seasoned investors, property managers, and industry experts who have successfully implemented this mid-term rental model in their businesses. They share their experiences, insights, and strategies for how to make this model work for investors of all sizes.

The discussion covers topics such as the ideal length of stay for mid-term rentals, pricing strategies, marketing tactics, and how to manage guest turnover effectively. The panelists also explore the benefits of using technology to streamline the booking process, automate routine tasks, and manage properties remotely.

You can expect to come away with a deeper understanding of this mid-term rental model and how it can help them achieve their financial goals in the short term rental industry. You will also gain insights into the current trends and challenges facing the industry and learn about the innovative solutions that are emerging.

Overall, this podcast episode provides a recap of valuable insights and practical advice for investors who are interested in exploring the mid-term rental model and staying ahead of the competition in the dynamic short term rental industry.

If you haven't already tuned into the Panelist's episode on The Real Estate Experiment Podcast, make sure you do, they are masterclasses of their own:

Why Luxury Rentals are Short Term Rental Gems with Rachel Gainsbrugh Episode #181

Normalizing the “30-day Stay” in your Short Term Rental Business with Zeona McIntyre - Episode #215

Mid-Term Rental B2B Solution: Nursing Contracts & Insurance Policyholders w/ Jesse Vasquez - Ep #208

Furnished Accommodations Across Multiple B2B Verticals with Noble Crawford - Episode #206

Building A Lifestyle That Gives You Freedom through Mid-Term Rentals with Sarah Weaver - Episode #219



MTR vs STR Smackdown Summit: https://www.shorttermgems.com/offers/rzYiQTGM/checkout

Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE

Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0



#MTR #STR #smackdown

We have a true legend in the lab today! Jasper Ribbers, the founder of Legends X and the mastermind behind the well-renowned podcast "Get Paid for Your Pad," says that the future of short term rental space is branding. With over a decade of experience in the short term rental industry, Ribbers did not hold back with his insights on current trends and the future of vacation rentals.

As the creator of Get Paid for Your Pad, Ribbers has helped shape the industry by providing actionable tips and advice for individuals looking to enter the short term rental market. Through Legends X, he has continued to inspire entrepreneurs to build successful and impactful brands in the hospitality industry. That's because Jasper KNOWS his branding, from his brilliant podcast name, to the new "Free Wild" retreats, to the only kind of "Overnight Success" we believe in. (https://overnightsuccess.io/)

On the episode, Ribbers discussed the impact of technology and tools, the importance of having a clear brand vision, and the future of the STR industry. He also shared his thoughts on how hosts can differentiate themselves in a crowded market and maximize their profits.

If you've always believed that branding in the short term rental industry is a true game changer, this episode is a must listen and Jasper Ribbers is your validation, a titan in the industry with an experiment that became legendary. Let's build!



HIGHLIGHTS OF THE EPISODE:

27:58 Diya breaks down what it takes to jump into commercial multi-unit rentals
36:23 What high level hotelier analysis looks like

KEEPING IT REAL:

06:12 What does Jasper Ribbers do

09:45 Mindset of traveling

11:32 When to rinse and repeat

13:32 Using tools and technology

16:47 How to quickly evolve in STR

20:34 Building an independent brand

23:19 Buying properties overseas

27:55 About Legends X mastermind

32:16 Week-by-week programs

39:04 Attention span and unique experiences
43:14 What is next for the STR industry

49:53 Overnight success brands

51:28 What’s next for Jasper Ribbers

54:38 Legends X and Free Wyld



NOTABLE QUOTE:

17:48 “To be successful in the future of the short term rental space, we’ve got to have a real vision for the brand that we wanna build.”  – Jasper Ribbers



CONNECTING WITH THE GUEST

Website:  https://getpaidforyourpad.com/
Youtube: https://www.youtube.com/c/GetPaidForYourPad

Overnight Success: https://www.overnightsuccess.io/



Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint

Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts

Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment

Hospitable Hosts book: https://amzn.to/3e4LEhE



 #shorttermrental #vacationrental #hospitalityindustry #branding #entrepreneurship