Hey what's happening YouTube it's Richard founder of short-term rental
University and Airbnb super host and today I'm coming to you live from the
beautiful Playa girón us here in Nosara Costa Rica which is a blue zone from
what I understand about a blue zone is there's about five or six locations in
the world that have been studied scientifically and proven for longevity
happiness and health and so scientists have actually studied these six areas
let's call it six areas I think there's five to seven depends on who you ask
but these areas to understand why people live longer and happier healthier lives
what is it about the area's is that their diet is that the environment what
is actually as a result of it and from what I understand the Nicoya Peninsula
where we are is one of them which is fantastic so I'm drawn here and it's a
great investment thesis right there's a very strong likelihood that on a
go-forward basis more people will want to live longer healthier happier lives
and as more people discover Blue Zones there's a good chance that no Koya
Peninsula here in Costa Rica will be one of the areas they want to visit so
consequently I want to own as much real estate here and help tell that story of
promoted I have been encouraging people since the start of the channel to do
remote hosting and a lot of you have a self-limiting belief that it's really
challenging and how difficult it is and so this video is to dispel some of those
self-limiting beliefs to encourage you to move outside your comfort zone start
to find remote opportunities build your business with the right cash engines and
then enjoy this beautiful spectacular magnificent scenery or whatever it is
that drives you towards your why could be the mounts it could be the ski area
it could be the urban area it doesn't really matter for me this is it this is
congruent with my why and so if I didn't host remotely I'd never be able to
experience all of this so many of you are growing your business through two
things two principles that have served you well in your current business which
is proximity and convenience you want to be close to your property just in case
something happens and it's also convenient you already have the cleaning
lady set up you know the handyman that you'll use
and so on and so forth and so proximity and convenience are the drivers of your
expansion and while that may well be working you're introducing a lot of risk
into your portfolio that is unnecessary you're duplicating the same risk it
could be the natural emergency risk there's just a hurricane in the Outer
Banks of North Carolina I don't have all of my eggs in the basket there even
though I absolutely love the opportunity set and love the North Carolina coast
and the Outer Banks but it would be foolish for me to have all of my eggs in
that one basket even if it were close to me and convenient so by definition I
want to spread that risk and I want to post remotely and by doing so I can find
other areas rich with opportunity that generate cash engine like returns to
fuel my you know financial freedom and help me be self-reliant and so one of
the areas that I'm focused on right now is here nosara Costa Rica for those of
you who don't know I was born here and so I'm coming back to the motherland and
I feel really good about that and you could only imagine how congruent that is
with my Y right like for me this is coming home and it's just spectacular it
doesn't mean that you would have the same importance to you but try and find
places that have that same importance and then you are onto something that's
repeatable and sustainable has a long runway because you're unlikely to tire
or quit give up there's an issue and you just roll over and quit once you have
that congruence of your Y chances are that you will go through an extended
period of time and that's key in real estate investing so now the challenges
are okay well I'm 3,000 miles away how do I
run my business remotely and I can just share with you what's happened here in
Nosara by way of example and the very first
thing I would say is align yourself with the right people get yourself networked
and connected and working with the right people that have been here longer than
you that can make introductions to you that have betted and trusted
professionals in there like repertoire in their network of people so for me it
started with the broker selection and I worked with Chico here at Remax I've
filmed a video with him before and he introduced us to the area and I'm
working with his I guess the owner of the Remax Geoffrey
and so we hit it off Geoffrey and I have a variety of touch points in common
we're both X option traders from the East Coast and we went to similar
schools and we know some of the same firms and institutions and so our
relationship got deeper quicker and there was a level of trust and a desire
to work together with like-minded we see opportunities in the same areas and so
we want to expand our businesses and we want a partner and we want to grow
together and we're not adversarial he's not selling me something and I'm buying
something we really view this as a collaboration in the partnership and so
consequently all of his rolodex all of his resources all of the years that he
spent down here vetting plumbers electricians furniture architects
contractors handyman cleaners all of these things now become mine and I
haven't been here more than say a couple of days but I have a wealth of resources
that if I just showed up and tried to do this on my own and put an ad in the
classifieds and posted a Help Wanted in the Facebook group and like there's
nothing wrong with that and you should do that maybe you should do that at the
same time as you're building your network to have multiple options but for
me this has happened time and time again whether it's in the Outer Banks or in
Crested Butte Colorado or no Sarika streak and the list goes on
I've shown up in an area I found the right people to align myself with I've
worked off of their rolodex and their network of people through their
introductions and all of a sudden I have an incredible infrastructure in very
short order like the most connected people with the most knowledge of the
area that are trusted and hardworking and eager to grow themselves in their
business and so the purpose of this video is to say that you can do it too
but instead of thinking about how challenging and daunting it is let's
just take some preliminary human type approach to this and focus on
relationships and if you focus on relationships and let them open the
doors of opportunity you will take many steps forward and far more quickly and
then you have to be a good human and you have to treat these people with respect
and incorporate them into your culture and explain to them what success looks
like and reward them for success and all of the things that are important
in any industry to be a good employer you have to lead the organization
forward but the main thing is you have to believe that you can do it you have
to overcome the self-limiting belief go ahead and take a trip somewhere start to
network with different brokers if one of them resonates more with you or you feel
is more helpful or is better connected or is offering you opportunities besides
the real estate transaction above and beyond the real estate transaction you
can buy the real estate from anybody but what you can't do is create a network
create a culture create a community create them credibility in this brand
new area these introductions are incredibly meaningful and can jump-start
your business and also run them while you're 3,000 miles away and get to the
right people the people with the most influence the most knowledge the most
respect they have a network of people that they'd like to share with you and
doing so really enables you to jumpstart your business with confidence with
conviction with clarity of purpose and the likelihood of success is that much
greater when you have the right team on the ground so it all comes down to out
of your comfort zone eliminate those self-limiting beliefs to working with
the right team of people the right network of people and three establishing
incredible relationships with that team and the people that they introduce you
to so that you can grow your business successfully in the comments below I
would love to hear who is remote hosting and where so comment below I've got one
property in Grand Cayman I've got one property in Alaska I've got one property
in white comment below and two for those of you that are not remote hosting yet
Why What are your self-limiting beliefs comment below so that we can help you
overcome that and come join us in the Facebook group where we have many hosts
of remote hosts so if you're interested in this you can learn a lot from them
and finally if you're really interested come to Miami November 2nd and 3rd where
I teach you how to identify remote properties with tremendous opportunities
to diversify your portfolio give you financial freedom and allow you to
achieve your why miami november 2nd & 3rd st are you live go ahead and like
the video and subscribe