#42: How to DOUBLE the Income on Your Investment Property with the Short Term Rental Model and Become Financially Free using Airbnb with Jorge Contreras

This episode with Jorge Contreras is a great show for those who are looking to start using the short-term rental model, regardless of whether or not you currently own property! In this episode, we talk about how Jorge was able to DOUBLE the income he was making on his triplex by listing the units on Airbnb and how he has grown his business using the “subleasing” model. Jorge shares exactly how to identify an area or neighborhood that will thrive on Airbnb, how to pitch the subleasing model to landlords and property managers, and how to underwrite a potential Airbnb property. Great episode!Jorge Contreras, owner of Multiple 6-Figure Airbnb Businesses and Founder of The R.E.A.L. System enjoys sharing the TOP tips, strategies, and ideas that will help you generate passive income through Airbnb, WITHOUT owning properties.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Show Notes:4:00 Jorge shares how he got started in real estate and how he shifted his business to Airbnb. 6:30 We discuss the differences between traditional leasing vs leasing on Airbnb and how it can double your income.9:21 Jorge discusses what subleasing is and how it can be implemented in your business to multiply income. 12:05 Jorge shares the process of subleasing and his criteria for acquisitions.17:50 We discuss how Jorge chooses locations for Airbnb subleases and how he projects vacancy, income, and other important metrics. 24:27 Jorge shares the impact a short-term property management group has on an Airbnb property and why your property needs somebody available at all times. 30:00 We discuss the steps of putting your property on Airbnb and what you should look for before listing it. 31:04 Jorge shares what adds value to an Airbnb and how certain amenities add to the consumer experience. 37:26 Jorge discusses his biggest business-related failure.38:50 We discuss Jorge’s short-term goals regarding syndicating and subleasing. 40:40 Jorge shares what he would change if he was starting his businesses over again.CONNECT WITH JORGE:https://www.linkedin.com/in/thejorgecontreras/https://www.instagram.com/thejorgecontreras/?hl=enConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners