Frank Valencia is the Sr. Managing Partner at Bongo Property Management; a fast-growing AirBnB property management which helps your short-term rental business becomes a success. They are currently operating in the United States, Latin America, and Europe – and are planning to expand to new cities later on.
During the episode, Frank explains the services they provide at Bongo PM. As an expert in the business industry, he describes the benefits of having their company manage your properties for short-term rentals. Listen in and learn a lot about the short-term rental market, including size demands, occupancy rates, investment returns, and the ideal countries to own properties.
Where we are:
Johnny - Nepal
Sam - Denver
Links:
Time Stamps:
09:07 – Who is Frank?
10:06 – The growth of Bongo PM
10:27 – AirBnB
12:39 – Return on investment
15:12 – Bongo PM analytic service
16:44 – Expanding to new cities
17:42 – Impact of reviews
19:23 – Property types and its demands
21:43 – Occupancy rates
23:03 – Optimizing seasons
24:14 – Insurance options for Risks of damages
26:03 – Length of agreement
29:07 – Ideal properties for short-term rental
31:21 – Investment opportunities in Bongo PM
32:25 – The future of Bongo PM in the industry
38:29 – Bongo PM Rates
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Copyright 2017. All rights reserved. Read our disclaimer here.
Jorie Roberts is the founder of Marjorie Roberts, PC, a firm composed of attorneys who specialize in tax, corporate/securities, and business law, and work with the economic incentive programs in Puerto Rico and the U.S. Virgin Islands. She has a vast knowledge of tax law and holds law degrees from Harvard University, Cambridge University, and New York University.
During the episode, Jorie explains two tax laws, known as Act 20, the Export Services Act, and Act 22, the Individual Investors Act, which shields new residents of Puerto Rico from paying most federal income. And since these laws apply to the residents of Puerto Rico, Jorie discusses the process and requirements in applying for residency. Also, she gives comprehensive examples on what is eligible for tax exemptions.
Where we are:
Jorie - U.S. Virgin Islands
Sam - Denver Colorado
Michael - Bangkok
Links:
Jorie’s Firm - MARJORIE ROBERTS, P.C. - Attorneys at Law
Michael’s publication - CEF Insider
Time Stamps:
04:01 – Acts 20 and 22: What they are and who they’re for?
05:59 – Applying for residency in Puerto Rico
10:15 – Is owning Real Properties required?
11:45 – How can expats benefit from the tax exemptions?
13:52 – Income tax structure using Act 22
16:29 – Are Interests and Dividends taxed?
19:44 – Examples of income structures and its tax exemptions
29:25 – What is eligible for tax exemption?
32:12 – Application process for both Acts
36:02 – Recommendations on how to start
45:32 – Tax in the US vs. other countries
If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.
Jordan Goodman is considered America’s Money Answers Man because he is the man to go to for answers on personal finance questions. He has appeared on several TV and radio shows. He believes that there is a tremendous amount of financial illiteracy in the country and wants to help people learn. He has written 14 books including the popular Fast Profit in Hard Times and The Dictionary of Finance and Investment Terms.
On this episode, Jordan explains the impact of the 2018 tax reform both in corporate and individual level. He also explains its impact on the stock market and other investment ventures. He gives tips and strategies on what, where, and how to invest in this new economy. He also shares his personal favorites in terms of asset classes and trends that will help you decide on your next investment plans.
Where we are:
Johnny - Nepal
Sam - Denver Colorado
Links:
Books:
The Dictionary of Financial and Investment Terms
Time Stamps:
08:33 – The Trump Economy
10:58 – Impact on the corporate level
12:15 – Impact in an individual level
14:06 – Rising interest rates
16:29 – Impact on stock market
18:19 – 3 things that will affect the market
19:33 – Impact of debt
22:24 – Corporate reinvesting in their companies
25:36 – What should have been included in the tax reform
28:02 – Secured Real Estate Funds
31:50 – Oil and Gas Funds
34:40 – Favorite asset classes
37:02 – Favorite trends
39:29 – Biotechnology
40:33 – Mortgage Optimization Strategy
If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
Copyright 2017. All rights reserved. Read our disclaimer here.