All Forum Posts by: Jonathan Safa

Most of us don't bat an eyelash when it comes to setting aside x amount of dollars every month for some form of 401(k), Roth IRA, or the like. But if asked to invest in real property, - emphasis on the "real" - you are met with a myriad of excuses: The primary of which being "if I want to move away, I don't want to be stuck with a mortgage." Imagine if I told you that same Roth IRA could be paid for by somebody else, depositing into your account every month, accruing both interest and appreciation. That would be pretty fantastic, wouldn't it! To my knowledge this does not exist with financial markets, but welcome to the world of "real property." Financial illiteracy. Throwing hundreds, sometimes thousands of dollars away every month in "rent." Well, thank the Lord for the financially illiterate. They are making me rich!!

Never have listed, never will. If it ain't broke, don't fix it. Airbnb is the best. Hands down.

Hi @Chris Sullens glad to see your post. I've been saying the same thing about BP. Game-changer. I'm in the Tulsa area, but thought I should still stop by to say hello. 

Wish you all the best, man! Blessings. 

Ah shucks, I can't make this one. I'll be at the next one !!

I would love to attend..!

Jacob Gregory welcome both! So glad to see you guys on here. I'm sure you already have, but check out Podcast Episode #197 with Chris Heeren - an inspiration and the basis for my own personal strategy in T-Town. Let us know how we can help!

Brady Speers I see the argument for not worrying about having it cleaned, but I actually do recommend it. What's a good clean gonna cost, $200? And what if a section of flooring, or a countertop, or some other item in the house just needs a good clean instead of needing to be replaced? Instant return on cleaning investment! Lol Congrats on the new purchase!

Hi Brianne Hall love the post and the q's. I invest in Lake Arrowhead, California. It's a beautiful little ski town in the mountains above Los Angeles. I use Airbnb exclusively. I would not recommend any other website for listing. But of course, we do our part and keep current with Craigslist. You'd be surprised the amount of traffic I pull from there. But I always point them to the Airbnb account and make sure each and every single booking goes through Airbnb. They have a fantastic $1,000,000 insurance policy that is a great peace of mind. Our homes vary in size, but returns are always very lucrative. My flagship home grosses around $40k for the year, of which I net maybe around $10k. I spend probably a half hour a month working on the four homes on the mountain. I have a tremendous cleaning crew, and I have an old college classmate I have hired for the day to day communication with guests and potential bookings. She coordinates with the cleaning staff about issues, items needed, etc. Successful Airbnb homes are about great relations with neighbors, working with the right people, and having the right systems in place. Good luck with any venture! And let me know if you want more information about lake arrowhead!

That sounds like a plan, @Jim Bear. 

Oh wow, man, this is incredible. Did he know walking into the meeting that you were hoping to keep him as an investor in the property? I wish you the best of luck moving forward and for your numbers to continue to make sense on the deal! 

Welcome to Bigger Pockets @Nicholas Bastida! I don't know Vegas specifically, but I run into the same problem where I invest in Lake Arrowhead, CA. We find that winter and summer months are huge, but fall/spring suffer greatly. 
The key to it, is have the home available during the busiest of times, maximize your dollar during those times - often times it takes getting the word out there, advertise in other ways, just get that property booked when it's hot season. Then, when dead season comes along, you don't really care. 

If your numbers are excellent during peak, they should carry you through the drought.