47 min
Episode 97: How to Build a Short-Term Rental Business Black Real Estate Dialogue
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- Investing
Don't forget to subscribe, leave us a rating and review! I'm shouting out all 5 star reviews on the show.
This episode with Jimmy Woodard was inspiring!
Jimmy thought that he wanted to go to law school and soon after enrolling, he realized it wasn't what he wanted to do and left. After working in the tech industry, Jimmy connected with a friend from college and together they created Cloud Castles.
Cloud Castles is a platform that helps people build their wealth through snackable shares of short-term rentals. The company manages the rentals and does the legwork, so that investors can be passive and receive monthly payouts.
The company started investing in 2020 in the midst of bidding wars that were taking place nationwide. Their first property was purchased in Lake Tahoe and their most recent property was purchased in Miami. They also built an app that investors can use to directly invest in the properties.
In this episode we discuss finding the right market for short-term rentals, running a startup, finding investors and more.
How to find them
IG Pages
@cloudcastles.io
Download Cloud Castles on the Apple App Store- https://cloudcastles.onelink.me/GiaO/66684581
Highlights
1) If you want to own a short-term rental, make sure that you know the laws of the city you want to invest in. Make sure it's allowed in the city you invest in.
2) Make sure you know the neighbors around your short-term rental. They will make sure the property is taken care of and will let you know if something goes wrong.
3) If you're in a partnership, make sure you lean into your strengths. This will help the business run efficiently.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-sales-page-1
Learn how to invest out of state- https://www.outofstatemoney.com/
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Don't forget to subscribe, leave us a rating and review! I'm shouting out all 5 star reviews on the show.
This episode with Jimmy Woodard was inspiring!
Jimmy thought that he wanted to go to law school and soon after enrolling, he realized it wasn't what he wanted to do and left. After working in the tech industry, Jimmy connected with a friend from college and together they created Cloud Castles.
Cloud Castles is a platform that helps people build their wealth through snackable shares of short-term rentals. The company manages the rentals and does the legwork, so that investors can be passive and receive monthly payouts.
The company started investing in 2020 in the midst of bidding wars that were taking place nationwide. Their first property was purchased in Lake Tahoe and their most recent property was purchased in Miami. They also built an app that investors can use to directly invest in the properties.
In this episode we discuss finding the right market for short-term rentals, running a startup, finding investors and more.
How to find them
IG Pages
@cloudcastles.io
Download Cloud Castles on the Apple App Store- https://cloudcastles.onelink.me/GiaO/66684581
Highlights
1) If you want to own a short-term rental, make sure that you know the laws of the city you want to invest in. Make sure it's allowed in the city you invest in.
2) Make sure you know the neighbors around your short-term rental. They will make sure the property is taken care of and will let you know if something goes wrong.
3) If you're in a partnership, make sure you lean into your strengths. This will help the business run efficiently.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-sales-page-1
Learn how to invest out of state- https://www.outofstatemoney.com/
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
47 min