Luxury Air BNB Investing for Busy Professionals with Rachel Gainsbrugh

Let's Talk Real Estate Investing with Sharon Vornholt

Today’s topic is a hot one: Luxury Air BNB Investing for busy professionals. My guest is Dr. Rachel Gainsbrugh, and she has a wealth of information on this topic. Rachel shares the same strategies she uses in her own business to make top dollar on each one of her 18 short-term rentals. In this show, you will learn how she was able to 15X her income on these short-term rentals over long-term rentals.

Key Highlights:

[00:01 - 07:42] Opening Segment

• Rachel's inspiring journey to financial freedom

• A luxury Airbnb and short-term rental real estate investor

• How Rachel and her husband changed their lifestyle to support their goals and dreams

• Investing in luxury Airbnb and short-term rental real estate investments

[07:43 - 15:02] Building a Successful Short-Term Rental Investing Business

• Airbnb investing was chosen as it had significant returns

• SOPs, KPIs, and virtual assistants were used to outsource work

• Networking was key in expanding exponentially
• How to maximize profits with short-term rentals

[15:03 - 22:54] Leveraging Tax Benefits and Creating Luxury Experiences

• Why having a mantra can be a game changer
• Get laser-focused on what you want out of your portfolio

• Leverage tax benefits such as cost segregation studies and bonus depreciation

• Put a little bit of lipstick on properties but not full gut rehabs

[22:55 - 29:56] Unlocking the Secrets of Luxury Airbnbs

• How to generate extra revenue through upsells and amenities

• Upsells can generate an extra $500-$1000 a month in revenue

• Make sure to provide what guests are asking for
• The importance of surveying guests

[29:57 - 37:05] Unlock Opportunities with Surveys and Differentiation Strategies

• Survey customers to understand what they want and need
• Differentiate yourself in the business by providing extra services and custom messages

• Set up an honor system for goods in the store if necessary

• Why you should include a call to action in your listing

[37:06 - 41:21] Closing Segment

• Create revenue with additional benefits for guests
• Look at regulations and markets before investing

Resources Mentioned:

Short Term Gems

Hospitable Hosts

75 Gems

Social Media:

• Facebook - https://www.facebook.com/groups/422973842093365
• Instagram - @short.term.gems
• Facebook Business - https://www.facebook.com/shorttermgems
• Facebook Profile - https://www.facebook.com/rachel.gainsbrugh/
• LinkedIn - https://www.linkedin.com/in/dr-rachel-gainsbrugh-4bb33721/
• LinkedIn Business - https://www.linkedin.com/company/short-term-gems/
• YouTube - https://www.youtube.com/channel/UCqbd6q_YI8KI-zyTeBgMjnQ
• Twitter - https://twitter.com/GratefulPharmD
• TikTok - https://www.tiktok.com/@luxury_str_doctor
• Amazon Live - https://www.amazon.com/shop/short.term.gems

Be sure to check out Rachel's website for more information.

Key Quotes:

“Quickly is not the stuff that's really going to bring you joy and peace of mind.” - Rachel Gainsbrugh

“By understanding the needs of your guests and the market, you can really create something special for them.” - Rachel Gainsbrugh

WANT TO LEARN MORE?

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Or you can send me an email at [e-mail]

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

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