Women finding freedom through the sharing economy of AirBnB

Posted on May 31, 2021. Filed under: Accessory Dwelling Units, AirBnB, FHA loans, First Time Buyer help, Homeownership, Informed Investor Alliance, Making Life Easier, OC Property Management, Orange County Real Estate, Property Mangement, Real Estate Stories, Summer fun | Tags: , , , , , |

Let’s be honest, a lot of females are juggling household schedules, making beds on the daily, and working full time jobs in customer service or hospitality type industries. A lot of these same females are also searching for a way to spend more time with loved ones, and to find a better work-life balance. 

This brings the question: How can we live richer, more fuller lives while making a difference in the world? Keep close connections with our families & still sprinkle what we were meant to do into the ethosphere?

For those who have a passion to roam and to create, enter the opportunity of vacation rental management, AirBnB experiences, and niche property rental platforms.  

If you have a unique property or space, big or small, this is an opportunity for you. People love to rent not only stick & brick type properties, but also RV’s, boats, cars, treehouses, yurts, water towers, and land. 

We now live in a world where you can tow a trailer, link up to solar, put out a cell booster, charge devices, and work / connect from almost anywhere. As the clouds from Covid continue to lift, people are ready to explore this new world. Are you ready to connect with them? 

I recently had the opportunity to interview some of these women who have opened their spaces in the home-sharing economy. Each has a unique story to tell, weaved in with their life passions and experiences. 

Take for example entrepreneur Heather Carter, running Eureka Springs Coffee House with 2 AirBnB units above. Guests enjoy the main strip of historical Eureka, Arkansas; and also have discount offerings at the coffee shop below. Travelers include vacationers and business professionals alike. In a recent video interview with Heather, she said “We used to live above the coffee house ourselves, but we soon discovered we had a unique opportunity for rentals here”. Indeed she did!

Heather advised she prefers the niche with commercially zoned properties, so she can avoid any roadblocks with residential vacation rental limitations. If you aren’t sure about STR rules in your community or city, be sure to research accordingly to avoid pitfalls.

Another go-getter making the most of her skills is April Snow-Kass, a Realtor in LA specializing in harmonious homes for musicians. April recently branched out to nearby Joshua Tree as a vacation rental host. Now, not only can April sell property in a new area, she can speak to personal experience on the equity gains and the rental income her ‘Retro Ranch‘ in the JT desert is recently experiencing. 

Let’s not forget supermom and High School Counselor Carolynn Cribley. Her and financé Matthew Herman in Grandville, Michigan, are putting an extra room in their home, coined ‘The Barnhouse,’ to STR use. They stated in a recent interview that it’s brought such great results, they not only bought another property, but looped parents in on the opportunity. They inspired and guided Matthew’s parents to a short term rental purchase as well. Not only has Carolynn & Matthew created additional monthly cash flow (partly used to build a fun new pool!), they’ve hopped the family on the path to generational wealth.

According to the NAWRB’s website and WHER report:

“…research found women seek homeownership for these primary reasons:

As a “Sanctuary”
A sanctuary is defined as a place of refuge, an oasis or a retreat. Women value creating a unique space from which to retreat from the outside world—one in which they control the climate, the decor, the layout. One’s home is a psychology of space…”

https://www.nawrb.com/one-tough-mother-how-single-mothers-are-defining-the-homebuying-process/#more-18821

Vacation rentals are a method to live this ‘sanctuary’ lifestyle, and create income. Win-win.

Another example is Corporate Executive ‘girlboss’ Vanessa Montanez, who explained to Homeownership Day attendees in January easy steps to enter into investing. Vanessa discovered the benefits of renting her Temecula wine country home on AirBnB recently, and as a lender herself, was kind enough to share strategies with other would-be investors at Homeownership Day. 

Admittedly, all of these hosts know STR life is not as ‘passive’ as long term rentals; but it can be more profitable, plus it allows the ability to vacation in your own property, afford *more* units, & / or meet new friends. Yes, you may still be making beds, running multiple schedules, and rocking your 9-5. But it’s a way to squeeze the most out of almost any property. 

Best of all, homeownership is open to many, regardless of education level or background. With low interest rate loans and programs like FHA allowing as little as 3.5% down, many females are opting into a property purchase. Additionally, SBA loans for Women Owned Businesses have opened even more doors to run a viable business from home. There are many options to sell creations of any kind from home, be it via online avenues or to guests traveling through your space.

Speaking of online avenues, the fast-track growth of property rental apps makes the marketing side become much easier. You don’t have to do your own Search Engine Optimization anymore – these apps are paying to get the word out on your behalf. Platforms to easily start your sharing economy hosting on are AirBnB, VRBO, Hipcamps, Harvest Hosts, Furnished Finder, Outdoorsy, Turo, and more. 

For additional information or a guide into the vacation rental lifestyle, reach out to NAWRB Delegate Spokeswoman Angie Weeks, or watch her video interviews at http://www.YouTube.com/HomebuyingRegistry/ 

This article was written for Women in the Housing and Real Estate Ecosystem; NAWRB. If you would like an article for your publication simply comment below or reach out to Angie at 949-338-7408.

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Global Real Estate – Hot Spots & Tips to Buy in them

Posted on April 23, 2020. Filed under: AirBnB, Costa Rica Real Estate, First Time Buyer help, Homeownership, Informed Investor Alliance, International Properties | Tags: , , , , , , |

Global & International Real Estate is GROWING

IMG_6359Did you know 1 in 10 US residents are considering owning international real estate? But how can you protect yourself from making a lemon investment? Thanks to OCR’s Global committee, we have some pointers for you! Michael Cobb CEO of ECI development started off our International Real Estate Forum today reminding Realtors that we bring value to international transactions by helping our clients know to ask the right questions. In foreign countries, hot water, running water, and other conveniences (like plumbing) we take for granted in America are not alway included in the price tag. It’s critical to be careful and make sure you align with multiple professionals to ask ALL the right questions when you buy internationally. One way to do this is to work with a CIPS Realtor to help you find the most reliable real estate contacts in your preferred country. CIPS agents are Certified International Property Specialists, and have special training to help you avoid international buying nightmares.

Nicaragua – an International investment gem

Depositphotos_236823284_xl-2015Nicaragua has been a growing spot to get deep discounts in real estate, and Michael personally lived there for 14 years, while raising 2 young daughters. It usually takes about 6-9 months after you visit Nicaragua and sign documents to receive your title, and buying is friendly to foreigners. The country has beautiful scenery, and also offers the following benefits:

  • Safe
  • Inexpensive real estate
  • Low cost of living
  • Low cost medical care
  • Fishing, diving, snorkeling, surfing
  • Social projects & involvement
  • You CAN own the land and get freehold title
  • Property tax is only 1%
  • Easy residency programs

Foreign Property Investments in Belize

DSC01964Belize is a tiny country that wasn’t on the radar at all until recently, and now it’s exploding. The title process is 3-6 months, but you can complete a property transaction in just an hour if you’re there in person. English is the official language, so it’s easy to read contracts. Prices are reasonable right now, and the hotspot to check out is Ambergris Caye. Belize was also voted the “most wished for place to visit” on AirBnB, so an excellent consideration for your vacation rental. If you’re thinking of AirBnB, you will have to pay hotel tax, so be sure to factor that in. Speaking of air…air travel has doubled over the last 3 years to Belize, and there is still plenty of room for growth. Baymen Gardens by Best Western currently offer options under 100K for a residence if you’re looking for an affordable vacation rental. Some benefits of owning property in Belize include:

  • Political stability
  • Short easy flights
  • 17% tourism growth the last 3 years
  • Property is still affordable

US Citizens are now buying property in Costa Rica easily

IMG_8066

Beautiful Ocho Bungalows in Costa Rica – Sean the owner used to live in US, and now calls Tamarindo his home. He built these gorgeous bungalows there.

Costa Rica is an absolutely stunning country, with 27% park-protected land. Costa Rica has a “Pura Vida” (Pure life) mindset, so this is the place to go if you like a healthy lifestyle. Hunting is banned, no zoos, and animals cannot be pets. No tornados or hurricanes there, however, they do have earthquakes. Ocean temp is about 80 degrees all year long, so it’s perfect for a vacation home or rental. Weather is typically nice, but they do have rainy season. You can stay for 90 days with a US passport, so plenty of time to research areas, builders, and pick your perfect property! Costa Rica is also a solid consideration for a second home because:

  • Democracy for 196 years, stable society, tradition of peace
  • Mostly Bilingual
  • Foreign property rights
  • Blue zone for longevity, excellent health care
  • Quality national public health system, as well as private healthcare
  • Wildlife tours, river rafting, hikes to waterfalls, hot springs, zip lines
  • US Babies born there get dual citizenship
  • Property tax only .25%-.40% (niiiice)
  • Food has no hormones or weed killers

An update to our previous video about buying real estate in Costa Rica —> there’s now NEW foreign mortgage opportunities for US citizens in Costa Rica!!  Previously you had to buy with all cash, so this is really cool! It’s for residential only, no business or land. Interest rates in Costa Rica for locals run high, around 12%. This program comes from a lender in TX, and currently has a 7.5% rate for loans over 100K. No coastline foreign investments closer than 200 meters, though. 720 credit is required, and 30% down is required. If you’d like more info just contact us at 949-338-7408 and we’ll help you on your way to a Pura Vida lifestyle 🙂

Mexico beaches drive global condo buyers

IMG_4057Real Estate expert Alvaro Quirante presented about Riviera Maya and the consistent growth of traffic into the Cancun airport, which creates opportunity. Travel is consistent all year long, so there is no on or off season. Currently they are creating a huge marina, and a theme park, which will create 5000 new jobs in the area. Tulum has been one of the cities that gets the best capital gains each year. A few reasons:

  • Eco-friendly
  • Mayan ruins, top TripAdvisor destination
  • Tulum famous beaches
  • Stable economy with multiple sources of income
  • Properties start around 75K
  • Availability to have major companies back your investment guaranteeing 8-13% yearly ROI, with Lux properties for example.
  • You can buy property with a self-directed IRA

What does the buying process in Mexico look like? We tried to explain it in this video about buying real estate in Cabo…but here’s an easy slide from today’s presentation that guides you through the process:

Mexico buying process

As you can see, each country is really different when it comes to process, ability to get a mortgage / title, and the various property options you have. We LOVE international real estate and would love to help you explore your next global property investment. Simply fill out the form below or text 949-338-7408 and we’ll send you some international property buying tips!

 

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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