Mid-term vs Short-term Rentals - Which is Right for You?

Mid-term vs Short-term Rentals - Which is Right for You?

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Timestamps
[00:05] Our special guest, Al Williamson, shares how he started his business
[00:57] Al shares his current cash flow
[01:20] How does Marriott International operate
[01:44] How did Al start coaching people
[02:18] Just because you have passed a cash flow doesn’t mean you got ahead of your bills
[02:44] Al discuss the outline topics and the things that you will discover in this episode
[03: 42] What do you need to know when doing short-term rentals?
[03:47] Your company website should be found on Google
[04:06] Consultive Close Conversation, the main thing that closes a deal
[04:44] Reasons why the Intake Process is so important
[04:54] You just can’t sell your Airbnb business
[06:03] Sharing knowledge with people changed Al’s life
[06:55] Artificial Intelligence is really something you have to reckon with
[07:04] Al tells us his recent projects as the highlights of his career
[07:57] Where do you see yourself in the next 5 years?
[09:12] Most landlords only earn $100 per month per door
[09:45] Investment versus Business
[10:00] What is an ideal business?
[10:41] Set Cashflow Goals
[11:02] How much do you want your monthly cash flow, and net income in six months?
[12:00] 40 ways to increase the net income of your rental property
[13:08] You need time to spend your money
[14:53] Status report during the pandemic
[16:25] The 2-part problem and the solution
[22:57] Range of Possible Monthly Profit for Rental Arbitrage – Bay Area
[24:26] 2 Secrets to Creating 4-Figure Cash Flow with Workforce Rentals in the Bay Area in the Next 30 Days
[26:32] Why Extended Stays
[27:45] Al’s Net Income experiment
[31:27] What’s the difference between short stays and workforce rentals?
[33:26] How to Secure and Furnish Workforce Rentals without Using Any of Your Money
[37:37] How do you market your business?
[43:44] Who needs the longer type of term?
[45:48] You have to know how to get in front of different audiences
[47:11] Know what People Want
[47:24] How can you secure a workforce rental and furnish it with/without using your own money?
[48:52] How can you maintain a 95% occupancy year-round?
[50:50] “Infinite Opportunity”
[52:43] 5 Roadblocks
[56:21] 6 Steps – Extended Stays for Landlords
[58:41] Bonus 1 - Mastermind & Group Coaching
[59:16] Bonus 2 – Email Support – We’re Connected
[59:21] Bonus 3 – Resources Pack So You’re Unstoppable
[01:00:49] Bonus 4 - Thrive REIA – Set Up a Mobile-Friendly Webpage for Your First Unit to Help You Get Booked Up Fast
[01:02:52] Al’s Personal Iron-Clad 110% Money Back Guarantee
[01:03:34] Go to LeadingLandlord.com/thrive to get the big deal
[01:05:40] Go to bookwithbeau.com to know how to do loans without having to worry about DTI
[01:11:25] How do you think about advising people on the right time to quit your W2 to go all in on this strategy?
[01:13:53] You need to be findable off of Airbnb
[01:23:29] Real Estate Investing Roundtable: Virtual Campfire with Top Investors on April 19, 2023, at 6:00 PM PDT

The video discusses the benefits of mid-term rentals over short-term rentals, and how owning real estate for cash flow is important. Al Williamson shared his personal experience of starting with an eight-unit apartment complex and expanding his business into other units.

He advises buying in a buyer's market and arbitrage in a seller's market. The speaker also discusses the importance of extended stays in generating maximum profit. He shares his coaching and training program and how he can help investors grow their portfolio using private money. Finally, Al emphasized the importance of investing in oneself and learning continuously.

If you would like to check out Al's course that we discussed in this podcast, here's the link - www.LeadingLandlord.com/thrive

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#shorttermrental #midtermrentals

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.