Tamara N. Jones is the CEO & Founder of Bucket List Stays LLC. She is passionate about the delivery of vacation rentals to investors for a completely passive investment. Tamara provides full-service management to property owners worldwide, including Property Management, Online Services, Vacation Rental Marketing, and Community Growth to drive process improvements, competitive advantage, and bottom-line gains.
We talked to Tamara about the short-term rental space, the arbitrage strategy to avoid risk, the New Orleans short-term rental market and investing overseas.
Announcement: Click here to join me and other top real estate investors for the Midwest Real Estate Networking Summit!
[00:01] Opening Segment
Tamara talks about her background;
She talks about how she got into the short-term rental space;
[05:33] Arbitrage for Short-Term Rentals
Test the market with arbitrage;
What not to do in your first short-term deal;
Why the New Orleans Market;
[17:47] Investing and Managing Remotely
How to manage properties from a distance;
One common mistake short-term rental investors make;
Investing overseas and some of the challenges;
Announcement: Download Our Sample Deal and Join Our Mailing List
[27:37] Round of Insights
Apparent Failure: Her first tiny house deal.
Digital Resource: A channel manager and pricing optimizer
Most Recommended Book: Traction
Daily Habit: Journaling
#1 Insight for Having Successful Short-Term Rentals: Make sure that the deals that you are getting in provides you flexibility.
Best Place to Grab a Bite in Atlanta, Georgia: Cheesecake Factory
Learn more at bucketliststays.co and go to pinkpassiveincome.com to learn more about investing passively in short-term rentals.
Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.