EP136: Grabbing the Airbnb Gold Rush

EP136: Grabbing the Airbnb Gold Rush - Adam Penn

In this episode, we delve into the nuanced process of managing short-term rentals, the transition from long-term leases, and what it takes to scale a property management venture across state lines. Adam brings to the table his firsthand experiences, detailing the highs and the inevitable lows of property rehabilitation and guest management.

Our conversation will also highlight Adam's perspective on taking calculated risks, as we explore the world of Airbnb and the evolution of his career path. From buying his first rental property and self-managing units, to unleashing the potential in syndications and short-term rental funds, Adam's story is a testament to the power of determination and creative financial strategy.

Show Notes
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In this episode, you will learn

The challenges of managing short-term rentals and solutions.
The importance of occupancy rates, rental rates, cleaning staff, guest ratings, and property size.
Discussing the potential risks associated with self-managing units, including time management, maintenance, and customer service.
Advantages of passive investment in short-term rentals without the liability of debt.
Importance of diversifying investments across multiple assets.

About Adam

In 2017 Adam started his first short term rental, shortly after getting his BS in Computer Science. At that time he was a software engineer in Northern California. Since then, he has grown his portfolio to 20 units and broadened his investment strategy, working continuously to expand the scope of his knowledge and his investment acumen.

Adam brings his engineering mindset to investing, utilizing his strong analytical background in underwriting deals, managing active deals, and helping investors analyze their portfolios.

Adam owns an STR management company, has managed 3 successful oil syndications as well, and an STR Fund based on his success in the STR field.

Connect with Adam

Website: https://bidwellcapitalfund.com/

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