EPISODE · May 25, 2020 · 47 MIN
From Rehabbing Properties to Airbnb Investing - Alexis Ruffin Episode #83
from In The Lab with Ruben Kanya · host Ruben Kanya
Alexis Ruffin is the founder of Sheffield Executive Housing, a short term rentals company. Before becoming an investor, she has had multiple experience working in the corporate world as a project manager. It was after a recession that she decided to start investing into real estate and luckily she’s been doing real estate successfully for just over a decade now. Alexis started her journey in real estate rehabbing old properties and keeping them as rentals. She still does this today while she’s also created her own niche with investing in some rentals strictly for Airbnb or what she calls as “short long term stays”. Today, Alexis steps into the lab to share her journey in this field as a practitioner, she will be sharing important lessons through her experiences in the short term rental space. FOUNDATION 01:35 Background of the guest - Alexis Ruffin 04:39 Why choosing AirBnb 08:08 How important is AirBnb for longer business travel 09:38 Experiment phase transition 14:23 How was the first guest of the experience 15:36 Guest reasons for staying matters 20:07 Saying “No” to the guest 22:19 Coming up with the right price 25:10 Properties good for Airbnb business 27:41 Dealing the mortgage 30:27 Expenses for the maintenance of the property KEEPING IT REAL 31:42 Best Advice - make sure you cater your core client 33:12 Managing the business/properties 35:52 End goal - having a brand name ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 37:16 Best Habit - checking the business status 38:18 Favorite book - Limitless and High Performance by Brendon Burchard 39:22 Class A or Class C - Class B 40:00 Cash flow or Equity - Cash flow 40:08 Self managed or Outsource - Outsource 40:16 One super power - kindness 40:31 Describe a successful investor - Driven BOOKS MENTIONED IN THIS SHOW High Performance by Brendon Burchard CONNECTING WITH THE GUEST Website: www.exechouse.org Facebook | Instagram | LinkedIn This episode is brought to you by our sponsor Guesty.com which is a property management software that Ruben and his team use as short term rental Superhosts to manage and streamline all communication with their guests and team to make it a memorable stay for each guest that books their property. Use our private unique link here https://hosts.guesty.com/?r=therealestateexperiment to let Guesty know we sent you! #ExperimentAirBnb
What this episode covers
Alexis Ruffin is the founder of Sheffield Executive Housing, a short term rentals company. Before becoming an investor, she has had multiple experience working in the corporate world as a project manager. It was after a recession that she decided to start investing into real estate and luckily she’s been doing real estate successfully for just over a decade now. Alexis started her journey in real estate rehabbing old properties and keeping them as rentals. She still does this today while she’s also created her own niche with investing in some rentals strictly for Airbnb or what she calls as “short long term stays”. Today, Alexis steps into the lab to share her journey in this field as a practitioner, she will be sharing important lessons through her experiences in the short term rental space. FOUNDATION 01:35 Background of the guest - Alexis Ruffin 04:39 Why choosing AirBnb 08:08 How important is AirBnb for longer business travel 09:38 Experiment phase transition 14:23 How was the first guest of the experience 15:36 Guest reasons for staying matters 20:07 Saying “No” to the guest 22:19 Coming up with the right price 25:10 Properties good for Airbnb business 27:41 Dealing the mortgage 30:27 Expenses for the maintenance of the property KEEPING IT REAL 31:42 Best Advice - make sure you cater your core client 33:12 Managing the business/properties 35:52 End goal - having a brand name ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 37:16 Best Habit - checking the business status 38:18 Favorite book - Limitless and High Performance by Brendon Burchard 39:22 Class A or Class C - Class B 40:00 Cash flow or Equity - Cash flow 40:08 Self managed or Outsource - Outsource 40:16 One super power - kindness 40:31 Describe a successful investor - Driven BOOKS MENTIONED IN THIS SHOW High Performance by Brendon Burchard CONNECTING WITH THE GUEST Website: www.exechouse.org Facebook | Instagram | LinkedIn This episode is brought to you by our sponsor Guesty.com which is a property management software that Ruben and his team use as short term rental Superhosts to manage and streamline all communication with their guests and team to make it a memorable stay for each guest that books their property. Use our private unique link here https://hosts.guesty.com/?r=therealestateexperiment to let Guesty know we sent you! #ExperimentAirBnb
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From Rehabbing Properties to Airbnb Investing - Alexis Ruffin Episode #83
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