Show Notes
Property investing feels like a roller coaster, at times.
The rules seem to shift every second day. One moment you’re riding high on positive returns, the next, the RBA raises rates 13 times and you’re wading through the murky waters of an ever-changing property landscape.
Every era has its challenges and where in our own investing era right now!
But what if you had insights from someone who’s weathered multiple property cycles and can read the storms?
Well, that is why we have invited Jason Wright on. From building an epic portfolio to navigating the twists and turns of property investing himself, he’s been through it all and still investing right now!
This man lives and breaths property and has learnt a few things along the way.
He’s here to share the playbook.
Gear up and join us tonight as this legend shares his Golden Rules of Property investing! 🎙️🏠
Topics we’ll be talking about include:
- Jason’s Golden rules for Buying, Selling, Renovation & Developing! This one is bound to be juicy and actionable.
- A sneaky update on Jason’s views on the Adelaide market.
- PM Insights on what Jason has seen throughout his professional and personal investing journey.
Episode Highlights
05:37 – Thinking of Airbnb as a Business
07:56 – Technology and Tools for Running an Airbnb Business
08:49 – Introduction of James Rubiolo
10:54 – Introduction to Airbnb Rental Arbitrage
17:30 – How to Get Started with Airbnb Rental Arbitrage
21:00 – Maximizing Profit with Airbnb Rental Arbitrage
23:06 – Feasibility of Airbnb Rentals
27:05 – Factors That Reduce Profitability on Airbnb
30:03 – Learning About Airbnb Hosting
33:24 – Three Ways To Make Money With Airbnb
34:45 Airbnb Rental Arbitrage: Pros and Cons
36:02 Costs Involved in Setting Up a Rental Arbitrage Property
37:17 Approaching Property Owners for Rental Arbitrage Deals
40:36 Finding an Agent and Convincing the Owner
41:56 Ensuring Respectable Guests
46:17 Using Technology to Prevent Parties in Airbnb Rentals
49:40 Choosing Rental Properties Based on Size
51:28 Finding Rental Properties for Airbnb
52:35 Furnishing Your Airbnb Property
55:14 Understanding Strata Rules
56:38 Legislation Around Short-Term Rentals
59:05 Airbnb Legislation and Council Approval
01:03:57 Hosting Overseas and Managing Risk
01:16:47 Self-Managing vs Getting Someone Else to Manage
01:18:41 Pricing Strategies
01:21:37 Hiring a Management Company
01:22:50 Calculating Risk and Insurance
01:26:15 Must-Have Tools for Airbnb Hosts
01:29:08 Managing a Remote Team
01:34:03 Paying Someone for Property Management Tasks
01:35:22 Understanding Airbnb and AirDNA
01:39:13 When to Outsource Property Management
01:40:36 Airbnb’s Cancellation Policy and Direct Bookings
01:45:38 Factors Contributing to Successful Airbnb Properties
01:52:24 Rental Arbitrage vs Management Deals
01:53:28 Location Feasibility for Airbnb
01:54:51 Conclusion and Additional Resources
Episode Resources
Connect Jason Wright: https://essentialpm.com.au/team/jason…
Connect Joe Tucker: https://propertyprinciples.com.au/
Join Aus Property Facebook Group: https://www.facebook.com/groups/Auspr…
Join the Newsletter: https://propertyinvesting.substack.com/
SUBSCRIBE: https://www.youtube.com/channel/UC2Hq…
Other Guests On Our Lives
Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.
