The problem is, following the traditional model with long-term tenants didn’t provide a lot of profitability to reinvest. I still had to keep my day job, which made it harder to travel.
But when I converted my first unit to a short-term rental, I started making between 3x – 8x the returns of my LTRs! So I started converting more of my long-term units into short-term rentals and before I knew it, I was making $200k from the same property that used to generate $60k.
That’s what allowed me to quit my job and go full-time on STRs, earning in USD and spending in Colombian Pesos while living a good life in Medellin, Colombia.
I’ve since designed my whole portfolio specific to the properties and units that can maximize returns so I can scale safely. I’ve got it down to a formula for acquiring, furnishing, and automating STRs so I can sleep easy at night knowing my money is working hard so I don’t necessarily have to.
That’s how I scaled up to 68 units across 3 states, with property in 3 countries, and I now have the time and financial freedom to live anywhere.
A rookie investor will see the money being made on Airbnb and think they can replicate the earning potential with any property. So they find a property they can afford in a tourist-enough destination, make the place beautiful (maybe even theme it) so they can charge more, and hope for the best when they list their rental.
This is why a rookie investor has a hard time scaling
because their properties are more risk and more work.
A rested investor doesn’t get overly romantic about the location or decor because the property is an investment designed for higher, more secure returns. They know how to run the numbers to find profitable properties that are profitable as a long-term rental, and at least 3x more profitable as a short-term rental. They prefer to buy property in more affordable submarkets that serve more types of travelers so they’re not subject to seasonal occupancy, and furnished to attract professionals who stay longer.
This is how a Rested Investor scales safely by maximizing returns and minimizing risk.
“Almost a year ago I was just beginning my search into STRs, and Tim was living my dream.
In less than a year, I’ve now purchased 4 STRs and converted one of my LTRs in Florida into an STR (I still have 5 LTRs in Florida).
The income from the STRs has been much better than expected, and within 6 months I replaced my six-figure income!
I’m now planning to leave my W2 and we’re making plans to move to Colombia. STRs have changed my life and are making my dreams come closer to reality.”
Share your wins, resources, and questions inside the R.I.C.H. Facebook community where you can get access to Tim and fellow Rested Investors as you start or scale your portfolio.
Learn how to “run the numbers” so you can see if it will be profitable as an LTR (to minimize risks) and at least 3x more profitable as an STR.
This custom spreadsheet I created from my commercial investment broker days has helped me build my portfolio with high-return properties so I’m not gambling with my money.
You’ll become a confident investor with this calculator and the training videos to show you how to use it to analyze live deals.
*This Profitable Property Calculator is only available in the R.I.C.H. Club and my STR Playbook.
GET MY 2023 LIST OF TOP 34 CITIES THAT MEET MY STR CRITERIA FOR A PROFITABLE MARKET, AND THE TOP 11 CITIES TO AVOID RIGHT NOW.
Limit the research you have to do when finding profitable properties by sorting through my top city list, organized by AirDNA recommendations and my own personal suggestions.
*This list is exclusive to the R.I.C.H. Club.
Get access to thousands of dollars worth of value, and tons of golden nuggets to help you maximize your returns and minimize risk along your STR journey so you can Live Good and Rest Easy!
Get immediate access to everything above for only…
Get immediate access to everything above AND get access to the *STR Playbook for FREE!
“A lot has changed since I met Tim.
I had two units successfully running on Airbnb.
I’ve now expanded into two new markets and acquired eleven new units – all of which I am in the process of turning into short term rentals!
Tim gives you the tools and confidence you need to scale your business. Growth can be scary and painful at times, but Tim’s experience, knowledge, and easy going attitude helped me
through it. I realized I didn’t have to reinvent the wheel – Tim has already done this work and gladly provides you with the resources and guidance you need to take that next step. From finding the right markets for me, to identifying properties that worked best for my goals, and then converting them into furnished, short term units, Tim’s advice was invaluable.
Whether you’re just starting out as a short term rental host, or looking to scale your business, Tim’s course has the information and direction you need. I cannot recommend it enough!”
“Live Better, Rest Easy”
– Tim Hubbard
The clubhouse is open to anyone who is interested in real estate investing, whether they have a property or not. We have some members who are just starting to explore this world, others with Long-Term Rentals they’re thinking of converting into Short-Term Rentals, and others who have anywhere between 1 – 30+ STRs.
As long as you have a desire to learn about investing in STRs in a way that maximizes your returns and minimizes risk, then the Rested Investor Club House is for you!
I don’t want to create financial stress for you, I want to help you save money and get the best returns so you can live better and rest easy.
If you no longer find value in the R.I.C.H. Club, or you need to cancel for whatever reason, just send us a message and we’ll help you out.
However, if you decide to join annually then we do not offer refunds on unused membership time because of the $697 you saved on the STR Playbook that comes with annual access.
Outside of our private monthly calls, the majority of the content you’ll find inside the content library is already on YouTube for you to binge for free.
However, the platform we use to host the content is designed to be keyword searchable so you can instantly find all mentions of “guidebook” or “house rules” for example without having to watch full videos to find what you’re looking for.
Plus you’ll have access to me and other Rested Investors to get your questions answered, as well as templates, trainings, checklists, and resources that aren’t available anywhere else online.
You might hear about the number of hosts that are popping up every single day to take a piece of the STR pie, but even with the crazy amount of supply, the founder of Airbnb still says they need more hosts to meet demand… and that’s just Airbnb! We know that many short-term rentals can thrive on other platforms like VRBO, HomeAway, and direct booking sites.
I don’t believe STRs are ever going away as they’ve become the new way of travel. People are checking into traditional hotels less often, while we’re seeing 6 people checking into an Airbnb every second!
Plus a lot of people can’t afford to buy a house right now, so we have an influx of renters who don’t necessarily want to sign annual contracts in one place when they can live and work from anywhere.
While it might be tough to buy beachfront vacation rentals, the type of properties I prefer to invest in will always have utility as an STR (or LTR if need be).
I think now is the perfect time to get into the STR game!
So if you’re ready to learn how to invest in STRs like a Rested Investor, smash that button below and join us inside the R.I.C.H. Club…