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Dominating The Memphis Airbnb Market w/ Tim Hubbard
Description
Tim Hubbard owns around 50 short-term rentals and manages another 25 across multiple markets - with over 40 properties in Memphis alone. He walked the hosts through why Memphis works: affordable housing (single-family homes $250K-$400K), strong employment anchors like FedEx and a new Ford plant, plus tourism from Beale Street and Elvis Presley's Graceland. His first Memphis property in 2017 still performs well, and he converted a fourplex there that saw income jump eight times when he switched from long-term to short-term rentals.
Tim runs his portfolio remotely from Brazil using 10-15 software tools including Hostaway, PriceLabs, Hostfully, and RemoteLock, with a virtual team spanning the Philippines, Mexico and Eastern Europe. He finances expansion through cash-out refinances done before rates spiked - his last loan closed at 7.5% and still cash flows. He stresses buying properties that work as long-term rentals first, giving a backup plan if short-term regulations change. The episode covers his transition from a commercial real estate job to full-time investing after reading The 4-Hour Work Week, his property management company offering discounted rates for hands-off owners, renovation lessons learned, hiring and retaining virtual assistants, and why he only invests in affordable cities with both stable employment and a tourism component.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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