hey good morning YouTube it's another
beautiful day here in Costa Rica now
this episode of short term rental
secrets is coming from Costa Rica which
is really special to me you see I was
born here so I'm down here with my three
amazing daughters we're enjoying some
time together before they go back to
school and we're just having the time of
our life and now you might be
questioning what does this have to do
with short-term rental secrets and your
future putting money in your pocket and
the answers everything you see one of
the things I like to do before I've
travel whether it be for business or
pleasure or anything is to check out all
the sites Airbnb and vrbo and
booking.com and just see what's
available I like to try and stay in
somebody's home when I travel one to see
what they do and what the local
experience is like it's better for me
than a hotel in many ways but often I
find and that's sort of the opportunity
that there's just not quality listings
or they don't market it properly and
oftentimes I can't actually stay in an
Airbnb and so in this particular case
I'm here enough playa pon de azúcar or
sugar beach in guanacaste in Costa Rica
it's absolutely gorgeous and desolate
remote there's nobody here it's amazing
but there really wasn't a place for me
to stay on Airbnb and so I ended up
staying at the hotel sugar beach which
is highly recommended and super chill
and cool we're having a great time but I
did go through that exercise I wanted to
try and stay at an Airbnb I encourage
you to do the same thing before you
travel whether it be for work or
pleasure just to get a lay of the land
see what's out there and then when
you're down here try and figure out if
this is the place that you want to spend
more time if there's an opportunity for
you to make an investment if you'd like
to retire down here and some of the
things to consider are things like
safety Costa Rica's very safe water can
you drink the water Costa Rica you can
drink the water education to the extent
that you have kids or you know that's
important to family what's the education
system like Costa Rica's the most
literate country instead
amerock I think that 99% literacy they
have no army so you just want to start
to take a look at some of the things
that you would look for in your quality
life and not just in a rental apartment
for a house and then when you're down
here like I do take a look for
infrastructure it's really great to have
this awesome remote experience that's
going to look great on Airbnb and that
people are going to want to stay in but
don't forget you're running a business
and so you need to service that you need
to be able to fulfill on the operations
end of it if you want to see if there's
infrastructure how hard is it to get
supplies and cleaning people and
Internet an electric and all the things
that we take for granted to have some
the United States if you start to
explore more exotic remote destinations
these become real challenges you don't
want a headache on your hands you want
something that's amazing and awesome i'm
gonna turn around here and scalable and
so you want to start looking at things
like infrastructure and I've taken a
look a little bit in Costa Rica since I
was born here I'd like to spend more
time here on a go-forward basis and I'd
like to add a property here i've
determined that the Guanacaste area for
me isn't the ideal location so the good
news is i have to come back to costa
rica do more due diligence travel around
check out a few other parts of the
country and i've been here many times
and so I have a few ideas already but
make all of your travel part of your
short-term rental theory and see what
you might add and where you might add it
and what's available and meet with some
Realtors if you have time interest we're
working on a tool that helps me analyze
the cash flows and the income potential
and we'd be happy to share that with you
and start to think about you know the
quality of life and and would you like
to spend more time here would you like
to add this to your portfolio and one
thing that I like to look for is I like
to be early to a place so that I can own
the sort of the marketing and develop a
brand and a reputation but I don't want
to be so early that the infrastructure
doesn't exist you just want to make sure
that there's infrastructure in place to
satisfy your guests and their knee
did your needs to to run the business
but I really enjoy doing this it's a you
know work and play at the same time I
get to travel and look at places that I
want to add to my portfolio i get to see
what the competition looks like I meet
with the property brokers at meet with
property managers and then I ultimately
make an assessment as to whether this is
something that fits my portfolio and I
just wanted to share with you some of
that the other thing I wanted to share
with you was while I'm not staying at an
Airbnb as I flew from Newark Airport
down to the badiya the two women that
sat next to me on the airplane we
started talking and they were staying at
a vrbo in fact they stayed at one the
year prior which they loved and then
they had such a good experience they
wanted to try another vrbo in another
part of the country and so my point is
here's a random person that I just
happened to sit with next you on an
airplane just by chance we started
talking about short-term rentals they
use it in their travels they've had
great experiences they're going to use
it more and more and that's really
encouraging for us that our host so if
you found this video interesting and
helpful go ahead and smash the like
button thumbs up leave any comments or
feedback happy to respond and please go
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channel we're constantly developing new
content for you adding value hopefully
putting more revenue in your pocket and
helping you broaden expand the way that
you think about this stuff and in the
meantime i'm out i'm going to go enjoy
this beautiful day with my kids here in
costa rica have a great day everyone
take care
you