Short-term rentals are attractive for many real estate investors. However, it’s not as simple as it may seem on the surface. If you’re going to have a sustainable experience with high returns, it’s important that you have a certain knowledge base and set of criteria.
On today’s show, Sief Khafagi, the co-founder of Techvestor is here to share the ins and outs of profitable short-term investing. Techvestor helps accredited investors passively invest in short-term rentals with a proven, data-driven system. In this interview, Sief is sharing more about his company’s mission, rental markets for short-term investing, and how to get started in the Airbnb space.
On this episode you’ll learn:
- What dynamic pricing is and why it matters.
- What to look for in a short-term rental market.
- Best tips for getting started with Airbnb investing.
- How to maximize your returns by working with Techvestor.
- And much more!
What Dynamic Pricing Is and Why It Matters
A dynamic pricing model operates like a hotel: prices will be higher for visitors on a Friday night than they would be on a Monday. Sief estimates that investors who forego dynamic pricing can leave anywhere from 10-50% of the money on the table. PriceLabs and Wheelhouse both offer dynamic pricing tools you can use to estimate fair rates in your market.
What to Look for in a Short-Term Rental Market
When you’re choosing a market, it’s important that you are basing that decision on data, not emotion. For Techvestor clients, the goal is 20% ROI and to double capital every five years. They avoid seasonal markets, and they invest in states that offer favorable taxes and are STR friendly.
Best Tips for Getting Started with Airbnb Investing
- Follow the data
- Take your ego out of the equation
- Invest in markets that make sense
- Design the home for your ideal tenant, not for yourself
- Use dynamic pricing
- Consider using property management
How to Maximize Your Returns by Working with Techvestor
Accredited investors can work with Techvestor by making a minimum investment of $25,000. The great thing about Techvestor is that it’s passive, everything is data-driven, and they leverage technology to maximize returns. Investors receive quarterly checks. You can request an invite by using this link.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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