Navigating the New Normal: The Challenges of Airbnb in Changing Markets #realestateinvesting

Jorge Contreras, an experienced real estate investor and entrepreneur, has weathered the storms of the short-term rental market. A year ago, he believed that launching an Airbnb in any location would yield success. However, the current recession has proven otherwise. Jorge presently owns a property in Joshua, California that is struggling to generate profit. Secondary markets are also facing challenges, with minimal cash flow. Only properties in primary markets are thriving amidst the changing dynamics of the industry. Jorge finds humor in reflecting on how the game has evolved, realizing the importance of being selective with property types and locations when venturing into the short-term rental business. With his expertise and adaptability, Jorge continues to navigate the ever-changing real estate landscape.

Full Episode @reimastermind