104: AirBnB Rental Business, Listener Investing Questions Answered

Frank Valencia, Sr. Managing Partner, and Victor Sanchez, Operations Manager, are part of Bongo PM Team. Their company, Bongo PM, focuses on AirBnB Property Management for vacation and short-term rentals. Their mission is to find the best real estate services for people looking for a home to rent or a vacation property to stay. This is a special episode where the guests answer the listeners’ questions from The Boss Lounge about short-term rentals. If you are a property owner or a traveler looking for a place to rent, this is a perfect episode to start your real estate journey. Frank and Victor explain what services their company provides and the fundamentals of short-term rentals. They will answer several questions that you yourself might be asking, including the best cities for property rentals, profitability, taxes, and income potential.   Where we are: Johnny - Chiang Mai Sam - Denmark   Links: BongoPM.com   Discussed: ILAB 89 – AirBnB Income Stream, Investment Properties and 3rd Party Management with Frank Valencia ILAB 96 – 6 Keys to Protecting Your Properties From Lawsuits With Scott Smith   Time Stamps: 10:09 – The services that Bongo PM provides 13:30 – What people look for in the properties they rent 14:36 – Important factors to keep short-term rentals up and running 16:06 – Determining factor if the property is profitable 20:41 – Understanding the fundamentals of short term rentals 21:32 – Tip and tricks in entering this industry 24:07 – Limiting one's liabilities 24:49 – Finding properties for short term rentals 25:54 – Purchasing a profitable property 26:47 – Impact of hotel taxes 27:41 – How to persuade the property management to allow short term rentals 29:19 – Projecting future income potential 30:31 – Best cities with best rental yields 33:45 – Insurance 34:34 – Properties in New York   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.