Frank Valencia, Sr. Managing Partner, and Victor Sanchez, Operations Manager, are part of Bongo PM Team. Their company, Bongo PM, focuses on AirBnB Property Management for vacation and short-term rentals. Their mission is to find the best real estate services for people looking for a home to rent or a vacation property to stay.

This is a special episode where the guests answer the listeners’ questions from The Boss Lounge about short-term rentals. If you are a property owner or a traveler looking for a place to rent, this is a perfect episode to start your real estate journey. Frank and Victor explain what services their company provides and the fundamentals of short-term rentals. They will answer several questions that you yourself might be asking, including the best cities for property rentals, profitability, taxes, and income potential.

Where we are:

• Johnny - Chiang Mai
• Sam - Denmark

Links:

• BongoPM.com

Discussed:

• ILAB 89 – AirBnB Income Stream, Investment Properties and 3rd Party Management with Frank Valencia
• ILAB 96 – 6 Keys to Protecting Your Properties From Lawsuits With Scott Smith

Time Stamps:

• 10:09 – The services that Bongo PM provides
• 13:30 – What people look for in the properties they rent
• 14:36 – Important factors to keep short-term rentals up and running
• 16:06 – Determining factor if the property is profitable
• 20:41 – Understanding the fundamentals of short term rentals
• 21:32 – Tip and tricks in entering this industry
• 24:07 – Limiting one's liabilities
• 24:49 – Finding properties for short term rentals
• 25:54 – Purchasing a profitable property
• 26:47 – Impact of hotel taxes
• 27:41 – How to persuade the property management to allow short term rentals
• 29:19 – Projecting future income potential
• 30:31 – Best cities with best rental yields
• 33:45 – Insurance
• 34:34 – Properties in New York

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Copyright 2017. All rights reserved. Read our disclaimer here.

David Hauser is an entrepreneur and a speaker based in Las Vegas. He is the founder of Grasshopper, Chargify, and Angel Investor. Grasshopper is a virtual phone system company which was sold to Citrix for almost $175M. His passion in the business industry has led him to build more startups. This successful exit has led him to realize what he really cares about – and that is to inspire others.

On this episode, David shares his journey after selling the company that he built and managed for over 12 years. He reveals the emotional struggle he went through after his big exit and what he did with his money after that. David gives his perspective on what financial freedom means. He also shares his investment strategies including the investment platforms he ventured in. This conversation gives you several tips and advice on how to manage and grow your wealth.

Where we are:

• Johnny – San Francisco, California
• Sam – Tampa, Florida
• David – Las Vegas

Links:

• David's New Book - Evolvebook.com
• Davidhauser.com

Discussed:

• Adviceperiod.com (David’s advisor)
• The best investment advice you'll never get
• Transparentinvesting.com
• Matt Cutts: Gadgets, Google, and SEO
• A New Kind of Investment Outlook
• A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)
• How Many Mutual Funds Routinely Rout the Market? Zero
• How Has The 4% Rule Held Up Since The Tech Bubble And The 2008 Financial Crisis?
• Do Not Dollar-Cost-Average for More than Twelve Months

Time Stamps:

• 08:48 – The creation of Grasshopper.com
• 10:33 – His passion in becoming an entrepreneur
• 11:04 – Where and when did they build the company?
• 12:35 – The Company’s growth after the exit
• 13:25 – What came after the big exit?
• 16:44 – Diversifying his wealth and assets
• 20:40 – His strategy for managing his assets
• 23:31 – The value of investment advisors
• 26:50 – What is financial freedom for him?
• 29:05 – His engagements after the exit
• 30:58 – His new book
• 31:49 – The secret behind his productivity
• 33:46 – Life optimization
• 37:20 – His advice to help increase productivity

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.