305: Short-Term Rentals: A Pathway to Financial Freedom for Expats – Tim Hubbard
As many of you know, we have been structuring some amazing real estate deals for short-term rentals lately, including beachfront properties in Brazil, apartments in Paraguay and condos in Panama.
Because of that, I thought I would replay an excellent interview I did on managing short-term rentals a couple of years ago with Tim Hubbard. Now, it’s important to note that I try to do turnkey investment properties for my clients, but it is still important to understand how short-term rentals work on the back end. That’s why I want to share this interview with you today.
Tim is the CEO of Midtown States, a short-term rental accommodation company that has successfully hosted tens of thousands of guests and received excellent reviews from around the globe. He has also travelled extensively, visiting more than 70 countries and staying in hundreds of different short-term rental accommodations.
TODAY’S CONVERSATION WITH TIM HUBBARD
- Listen as Tim and I discuss the benefits of living downtown and renovating an apartment to make it into a Short-Term Rental and earning $20,000 a month from it!
- Uncover the best advice ever for first-time investors who are looking to get into Short-Term Rentals in your own city or country.
- What it’s like to own property in different countries around the world, and is there an option of renting it out to make a little extra cash?
- Tim unveils the single most powerful tool for turning your short-term rentals into a profitable money-making machine quickly!
- Discover the must-haves for decorating your short-term rental to capitalize on future revenue repeatedly.
- Find out why paying attention to currency devaluation is so important when you purchase properties in foreign countries.
- Hear Tim and I discuss the pitfalls of managing a short-term rental in one country while you’re living in another country.
- What is the #1 reason guests call you… you’ll love this one!
- Stories…horror stories…nightmare guests. We all want to hear them, and Tim shares with us a few really good ones that will make you cringe!
- After 35,000 guests and lots of things happening…the old adage stands true, ‘If I’d known what I know, most of this would not have happened.’
HOW TO FIND TIM’S WORK
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CONCLUSION
I learned a lot from my conversation with Tim Hubbard. He’s a real pro when it comes to Short-Term Rentals. He’s been doing this a long time and knows all of the ins and outs.
Cash-flowing properties have become a major focus of my personal financial plan and nearly all of my clients are turning to this strategy to create a pathway to wealth and achieve a greater level of freedom for themselves and their families.
I hope you enjoyed this one, and I’ll see you all next Wednesday.
About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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