{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/5afc7961e704e1406c13f5a1?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"EP141: Airbnb Investing Oppertunities in Central Europe","description":"Feel like escaping the ‘rat race’? Wouldn’t it be nice to build a little wealth, making as much in passive income as you do active? Today Jasper has a conversation with a guest who has accomplished this ambitious goal – with the help of a game!<br />\n<br />\nMark Krupa has invested in multiple properties along the ‘tourist trail’ in Eastern Europe. He is the author of @Airbnb Coach: Maximize Your Income and Satisfaction as an Airbnb Host, and he does one-on-one coaching to help Airbnb hosts improve their listing performance.<br />\n<br />\nListen and let Mark coach you up on the investing game in Eastern Europe! Learn how he chose his investments, which one is performing the best and why, and how he navigates the ever-changing regulations around short- and long-term rentals.<br />\n<br />\nTopics Covered<br />\nHow Mark chose the locations for his investments<br />\n•\tResearching tourist numbers and top destinations<br />\n•\tVisiting himself<br />\nWhy Mark chose Eastern Europe<br />\n•\tHe lives there and Americans are allowed to invest<br />\n•\tLow down payments and mortgage rates in 2009<br />\nMark’s properties<br />\n•\tBad Aussee, Austria<br />\n•\tCzech Republic (three studio apartments)<br />\n•\tTexas (two single family homes)<br />\nThe success of the Austrian property<br />\n•\tOpportunities to ski in the area<br />\n•\t‘Four season destination’<br />\n•\tPurchased for $35,000 ($7,000 down payment)<br />\n•\tIncome of €900/month, expenses only €350/month<br />\n•\tAdvantageous tax situation<br />\n•\tLow interest rate on mortgage<br />\nThe unique requisites for guests of Mark’s Austrian property<br />\n•\tFill out and turn in tourist tax form<br />\n•\tLeave cleaning fee in cash (€35)<br />\n•\tAccess keys themselves via realtor lock box next to front door<br />\nOther locales Mark has considered as an investment<br />\n•\tVienna<br />\n•\tBudapest<br />\n•\tCapital cities<br />\nThe regulations surrounding short-term rentals in the Czech Republic<br />\n•\tMust have business license for short-term rental (30 days or fewer)<br />\n•\tObligated to forward guest information to foreign police<br />\n•\tRequired to report income at end of tax year<br />\n•\tMark had to shift from short- to long-term rentals<br />\nMark’s tips for investors<br />\n•\tFind out if you can secure a mortgage<br />\n•\tLook into buying properties that are fully managed<br />\n•\tResearch the prospects of making more than you will spend<br />\n•\tStay there yourself if possible<br />\n•\tFind a reliable cleaning staff that does quality work<br />\n•\tCommunicate, react and welcome guests<br />\n<br />\nResources<br />\nCashflow Game<br />\nvoxer.com<br />\n<br />\nConnect with Mark<br />\n@Airbnb Coach: Maximize Your Income and Satisfaction as an Airbnb Host- by Mark Krupa<br />\nConnect on Facebook<br />\nFollow on Twitter<br />\n <br />\nConnect with Jasper<br />\nEmail: jasper@getpaidforyourpad.com<br />\nTwitter: @GetPaidForUrPad<br />\nInstagram: @GetPaidForYourPad <br />\nFacebook: www.facebook.com/getpaidforyourpad<br />\n<br />\nThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!","author_name":"Freewyld Foundry"}