Hello youtube it's richard founder of short-term rentals secrets.com and
Airbnb super host today's motivational Monday I find really motivating
personally and really inspiring and a terrific opportunity it's brought about
by a lot of direct messages that we get on the Facebook group and also some
comments on the YouTube channel and so I wanted to take this opportunity and
remind everybody what a terrific moment in time an opportunity sits directly in
front of us and to motivate us all on this Monday let's get right into it I'm
gonna break this down into four steps the first thing is the opportunity and
as some of you may know I'm writing a book covering some of the opportunity
right now but basically in a nutshell I think we're at a very specific point in
time where real estate valuations even the word all-time highs are actually a
great value for people that are looking to do short-term rentals like Airbnb or
VR vo there's a mismatch even though single-family homes and apartments are
trading at all-time highs the investment community is looking at cash flow and
what's missing here is this new thing called Airbnb cash flow or VRBO cash
flow which is higher than the multiples that you normally receive doing a
12-month lease and so consequently a short term renter investors such as
myself and perhaps you would find the price discounted to where it should be
and over time what will happen is that will regulate the challenge is it's
really hard to do it unless you either have the resources from a prior
engagement you inherited the money you have you know tons of free cash flow
it's a really slow process to go ahead and scale and to take on your second
unit or your third unit or your fourth unit it's very linear it could take you
you know years or even decades which is fine there's no rush
but to the extent that you want to grow your business right now and you can't
you can't really walk into a bank and say hey loan me money for an investment
property I want to do it on Airbnb it just flies against all the current rules
at some point that'll change and there'll be some Bank that understands
the business opportunity here and embraces it
but we're you know maybe 10 years away from that as my guess so right now
there's a real capital shortage for all the opportunities that people have but
nobody's funding it and it's even more impossible if you do what I'm gonna call
rent to rent so to the extent that you find a landlord and believe it or not
there's more and more of them every day and there will continue to be more of
them who are willing to sign to a good credit
like myself and allow me to sublet if you will on short-term rental sites they
don't want to do it themselves but as long as I am personally guaranteeing it
and taking care of their property and maintaining it and so on as long as they
get whatever their nut is their monthly payment every single month from a good
credit they don't really care what I do with it as long as I'm maintaining it
and being you know respectful and so on you can't go into a bank and say please
loan me money to rent a space that I'm gonna then re rent out however there's a
lot of money to be made there and it actually takes a lot less money because
you don't have to put down 20% or 30% in a mortgage all you need to do is sign a
lease guarantee it and perhaps furnish the place so the third point I want to
make is I had an idea believe it or not I had an idea and its really kind of
interesting life is this way all these different messages coming across and I
never had this idea before but just somehow today it struck me I was like
wait a minute I'm in a very unique position because I have people that are
looking for a capital and I have people that have capital in our Facebook group
and on the YouTube channel and everyone's direct messaging me saying I
have a good opportunity what should I do with it and I've just been looking at
them one at a time but it seems to me and here's the idea and I'd love your
feedback in your help because as a community we'll get to some place that's
actually really helpful for all of us to take advantage of the opportunity the
idea is to create some sort of private group or private membership or a
platform of sorts think of Craigslist think of eBay think of whatever and I'm
not talking about you know a billion dollar platform like eBay what I'm
talking about is something for our community for our members for people
that have capital I put a poll on our Facebook group saying who has capital
that's looking to buy property who has capital that's looking to rent property
and then re rent it out who has opportunities who's sourced places to
buy and needs capital and also who has opportunity in the form of I've got a
great rental it's available it's legal to re rent it on Airbnb but I need some
backing to get the furnishings and the place fixed up or whatever it is and so
it seems to me like there's a real great opportunity like we've already talked
about the opportunity of the marketplace we have a tremendous opportunity in our
community and our you know family here now the question is the idea and and you
know it's really easy to have an idea the execution is what's challenging and
I need your help and feedback is who's interested how do we do it and let's
just get started because oftentimes you have great ideas and I have millions of
great ideas but it's in the execution so that's my idea and I need your help
let's band together let's use our crowdsourcing I have ideas and let's do
some crowdfunding and let's come up with some sort of mechanism where we
introduce people that have ideas and opportunities with capital and let's
just start to grow all of this so short-term rental secrets the channel is
now also looking to facilitate and enable and to help everybody grow and
provide capital where we need it and I'm just super pumped with it I want to
participate not only with my time but my money and my opportunities and I'm just
so thrilled to have everybody here to participate and that's it I'm super
pumped thank you very much for listening like it share it with anybody that you
know that either has opportunities or has capital or both and if you haven't
subscribed to the channel do it because it's only getting better
you