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PFREI Series Episode 67: Holly Lynn
Are you looking for ways to diversify your income through short-term rentals and AirBnb? Do you want to be able to travel while managing your properties?
In this episode of Passion for Real Estate Investments, the Queen of Capital, Holly Lynn, talks to Fuquan about short-term rental management. From renting out her sofa, to managing multiple AirBnb properties and rentals, Holly has earned a reputation for her work ethic, and has positioned herself as an industry leader.
Holly is a graduate of the San Francisco State University College of Business. She started in short-term rentals around 15 years ago when she decided to rent out her sofa for $65 a night. Shortly after, she created the Bay Area Multi Family (BAMF) monthly networking and educational meetups, and started managing various short-term rental properties.
How did Holly become the Queen of Capital? She tells us a bit about how AirBnb is dealing with the pandemic, and why she’s avoided subletting and arbitrage. How is she navigating the pandemic? She gives investors some tips, and we hear how property owners can make the most out of the current situation.
If you want to learn how to get into managing short-term rentals, or how you could take advantage of the many opportunities presented as a result of the pandemic, this episode is for you.
Highlights from the interview
* Holly started 15 years ago by renting out her sofa for $65 a night.
* “Remember, AirBnb is not everything.”
* “I don’t lend on friendship.”
* “On a really bad month, I’m not taking a commission, because I care more about helping them and benefiting the client.”
* “It’s not work if you love what you’re doing.”
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