AirBnB, Boutique Hotels, and Short Term Talk with Rich Somers
Bobby had a blast talking with Rich Somers from Fortune Cribs in this week’s podcast. Bobby and Rich covered the background, where Fortune Cribs is now, and the future of short-term investing. This is an excellent episode for someone wanting to build passive income with the game plan of traveling to destinations for short-term staying while renting long-term.
TIMESTAMPS:
00:00 – Introduction to Rich Somers
00:36 – Rich shares his background
02:59 – First deals and what’s happening now
05:48 – Shifts in short-term rentals
08:22 – Top Markets – next 5 years
09:28 – How Fortune Cribs helps clients
13:47 – How Fortune Cribs Clients Experience works
16:55 – Sweet spot of real estate investing
18:37 – What do people put down on airbnb
19:34 – Mindset need with short term
22:55 – Boutique Hotel Growth
26:28 – Future for Fortune Cribs
27:48 – Multifamily takeoff Podcast
28:43 – Rates Impact on Short Term Market
29:46 – One tip to pass on to investors
30:38 – Best place to connect with Rich