Truth About Real Estate Investing - 50+ Short Term Rentals in U.S. & Canada

On to this week’s show, a topic I’m a big fan of, avoiding long-term rentals in tenant friendly provinces like Ontario hence we have Spencer and Ashley Giles back for round 2. If you didn’t already know, vacation rentals are a business, 24-7 for some like Airbnb managers like Spencer and Ashley Giles who are back to share more, dig deeper into the strategy including operating and owning in the USA. Their management portfolio is 50 properties at time of recording spread across much of Ontario and Up State New York so they have a lot of diverse experience to share. Please enjoy the show! P.S. If you’ve been waiting for the perfect moment to invest in the US but didn’t know where to start, this might be it. Join us at the hybrid workshop on October 19th, 2024. You’ll not only learn how to identify cash-flowing properties, but you’ll also dive deeper into the legal and tax structures essential for cross-border investors with Cherry Chan, CPA, CA. In-person seating is limited and always sells out, so grab your spot before it’s too late! Get Your Ticket Here: https://USworkshop-er.eventbrite.ca/?aff=podcast 👉TIMESTAMPS: 0:00 Intro 2:14 Housing Starts Down in Canada 14:49 Property Management Benefits 18:19 Vacation Rental Advantages 20:08 Management Scalability 23:16 Short-Term Rental Demands 24:54 Guest Experience vs. Management 28:06 Choosing a Management Company 29:53 Importance of Quality Cleaners 35:09 Property Performance and Plans 38:38 Financing Short-Term Rentals 40:25 Long-Term Investment 45:26 Canadians Investing in US Properties 48:59 Airbnb Licensing Changes 54:03 Blue Mountain Attractions 55:43 Potential Properties in Elville 59:09 Pricing Strategies 1:04:30 Entertainment and Profitability 1:06:13 Revenue Increase from Renovations 1:11:11 Flood Zones and Zoning 1:14:36 Short-Term Rental Viability _____________________________________ This podcast episode is also available on: 👉On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 👉On Spotify: https://open.spotify.com/show/6Z8yd37AQfQI5DK0J0Xwzz 👉Amazon Music: https://music.amazon.ca/podcasts/40fe627d-dec7-4f5d-b7e5-90a550fffe46/the-truth-about-real-estate-investing-for-canadians 👉Audible:https://www.audible.ca/podcast/The-Truth-About-Real-Estate-Investing-for-Canadians/B08JJS91WR _____________________________________ 👉 WATCH NEXT: ▶️Building Systems, Packing Up, Moving from BC To Ohio: https://youtu.be/xgfrIuBXmIA ▶️Building Resilience: From 100+ Unit Investment Portfolio to Active Business: https://youtu.be/BrFbtmLN-pE ▶️12 Apt Buildings, Selling ONT, Buying AB & USA: https://youtu.be/HrDl_LhaARM ▶️College Instructor Invests in Real Estate: Duplexes, AirBNB, 11 Plex: https://youtu.be/ruJmwZQLHbs ▶️20 Years of Progress: Duplexes, to Apartment Buildings, Now A REIT: https://youtu.be/ib8o97ByjYg _____________________________________ 👉 WANT TO BUILD WEALTH WITH REAL ESTATE? If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients, please let us know. New investor or seasoned veteran investor, we can help anyone by providing our award-winning coaching services, and this isn’t all talk. Only work with the best is what my father always taught me. If you’re interested, drop us an email at [email protected]. I hope to meet you at one of our meetups soon. _____________________________________ 👉 SIGN UP TO FOR THE IWIN REAL ESTATE NEWSLETTER AND GET PODCAST EPISODES SENT TO YOUR INBOX: https://www.infinitywealth.ca/newsletter-yto _____________________________________ 👉CHECK OUT MY LATEST GUIDE ON THE BEST CITIES TO INVEST IN THE USA https://www.infinitywealth.ca/usreport-ig ____________________________________ 👉 FIND ME ON SOCIAL MEDIA: Facebook: https://www.facebook.com/erwin.szeto Instagram: https://www.instagram.com/erwinszeto/ _____________________________________ #truthaboutrealestateinvesting #RealEstateInvesting #canada #usrealestate #realestate #financialcrisis #erwinszeto #erwinszetopodcast #InvestingTips #ontario #airbnb #CanadianInvestors #FinancialFreedom #RealEstateEducation #passiveincome