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Building Unique Short Term Rentals w/ Alex Jarbo
Description
Alex Jarbo built his first short-term rental from the ground up when he could not find an existing property in Asheville worth buying - an 800-square-foot A-frame that cost $225k all-in and now grosses $82k a year, netting $46k after debt. He explains why he puts unique, Instagrammable cabins and treehouses in rural pockets within two hours of major metros, how he structures syndications with a Michigan fund that raises all the capital while he finds and operates deals, and why he is pushing hard into influencer marketing and direct bookings through Boostly after Airbnb's algorithm change caught many hosts off guard this summer.
The hosts and Alex discuss choosing short-term rental markets by asking where locals take extended weekend trips, getting SBA financing on cluster developments of six to twelve cabins at once, building accessory dwelling units to sidestep minimum square footage rules, and why the current recession with falling material costs and hungry tradesmen is a buyer's market - not a reason to stop investing. Myka and Steve close by recounting a Grand Prairie arbitrage lead where the tenant will furnish the entire house themselves and pay $3500 a month.
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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