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:

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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104: AirBnB Rental Business, Listener Investing Questions Answered 01:00:59 Share

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104: AirBnB Rental Business, Listener Investing Questions Answered