11 Tweets 1 reads Mar 13, 2024
I own 6 Airbnbs, 3 rental properties & 8 apartment units in the US.
Here’s how I run them all while living across the world in Colombia:
For context:
I live in Colombia for 6 months of the year.
After I finally left my corporate job & went full time in real estate…
I wanted a change.
So I travelled to Colombia & fell in love with it.
I made it my goal to live there for half the year.
But to do that...
I’d have to find a way to run my real estate properties & Airbnb business while in a different country.
After only a year…
I cracked the code.
Here’s how I did it (split into 2 categories):
1. Virtual Assistants.
Virtual assistants have changed my life.
Most people don’t understand the utility & value they can provide a business.
For me, I’ve hired 8 VA’s from overseas.
They do just about everything for my real estate business:
• Airbnb customer support
• Researching potential properties
• Reaching out to contractors for any maintenance issues
& anything else you can think of.
The best part?
It only costs $900/month per employee.
Complete game changer.
2. Automation.
One of the main reasons I’m turning most of my properties into Airbnbs:
You can automate most of the process.
& if done right…
There’s a lot of money to be made in Airbnb right now.
Here are the main automations I use for my 6 (& growing) Airbnb properties:
• AirDNA (Finding properties)
• CanMonkey (Trash removal automation)
• Hospitable (Calendar management & customer communications)
• Schlage Locks (property locking system that works with Hospitable)
• PriceLabs (Dynamic pricing based on competition, season & demand)
Those are 5 of the best automations I’ve set up for my Airbnbs.
But in total, I use 10+ for everything.
They’re all low-cost but allow me to run my properties without even being in the same country.
If you’re ignoring automation in your business…
You're playing on hard mode.
Between virtual assistants & automations…
I’m able to run my short-term rental & Airbnb businesses from Colombia.
Most of the time the virtual assistants are the ones setting up & monitoring the automations.
So it makes my life even easier.
If you enjoyed this & want to learn more about how I run my real estate & Airbnb portfolio...
Follow me @jonjfarb.
I breakdown everything weekly.
At 23, I hated my 6-figure corporate job.
At 27, I achieved financial freedom because of Real Estate.
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