Still, global restrictions have squeezed every aspect of the travel industry, including vacation rentals. As leisure travel ticked up this summer, average daily rates were higher for rentals in July 2020 versus July 2019 in the United States - from about $300 to $323 - thanks to the popularity of larger homes. Home rentals have outperformed hotels in 27 global markets since the onset of Covid-19, according to a report by the hotel benchmarking firm STR and the short-term rental analysts AirDNA. We’d love to hear your comments and questions about this week’s episode.In the travel wreckage caused by the pandemic, home-sharing has emerged as battered, but with a steady pulse, as rental houses became social-distancing refuges for the travel-starved. If you like what you hear, please subscribe and leave a rating/review! Here are some of the best ways to stay in touch and get involved in The FI Show community! We’d love to hear your comments and questions about this week’s episode. If you loved Jorge's story as much as we did, please share it with a friend! In this episode, he explains exactly how he did it and how you can get started with this strategy as well. This allowed him to acquire Airbnbs at a fraction of the cost since no down payments were required.įast forward a few years, and dozens of Airbnb arbitrages later, and Jorge now runs a 7-figure business. He initially found entrepreneurial success with his dance career, but after a devastating injury, Jorge search for alternate career paths and discovered real estate.Īnd later on, after realizing how capital-intensive traditional real estate was, he started to focus on Airbnb arbitrage.Īirbnb arbitrage is the idea of taking properties that are available for long-term rent, signing a lease, and then managing them as short-term rentals. Jorge is an expert in Airbnb arbitrage, a way to earn short-term rental income without actually owning any real estate.Īfter facing many challenges throughout his childhood (selling drugs, murder, alcoholism, smuggling), Jorge was determined to be successful against all odds. That's where today's guest, Jorge Contreras comes in. What if you could earn money from Airbnb without even owning a property?
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