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Episode 11: Special Guest Al Williamson! Revitalizing the inner-city through short-term rentals.
Description
Al Williamson, a former bridge engineer turned full-time real estate investor, explains why monthly furnished rentals beat frequent Airbnb turnovers once you account for cleaning costs, taxes, gap insurance, and hassle. He now runs four corporate-housing units in Sacramento and aims for twenty, targeting traveling nurses, medical students, and professionals on extended stays. His target: $2,000/month per one-bedroom that once rented for $400.
The conversation covers rental arbitrage with backyard cottages, neighborhood revitalization in inner-city Sacramento, 1031 exchanges to avoid taxes, the art of firing long-term tenants with cash-for-keys, and bundling car rentals through Turo to boost corporate-rental income. Al also discusses hiring your children to unlock tax benefits, why he avoids Section 8 when improving neighborhoods, and the protest that accused him of gentrification despite years of block parties and cleanup work.
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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