{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/617b5dd826d86100125e1baa?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"How Eric Got Started with Airbnb ","description":"<p>Today, Eric and I are focused on buying property and building a hospitality brand. We also run a <a href=\"https://www.strlegends.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Short term rental mastermind</a> as well as the <a href=\"https://www.strlegends.com/x\" rel=\"noopener noreferrer\" target=\"_blank\">Legends X coaching program</a>.</p><p><br></p><p>We started just like everyone else, hosting a single property on Airbnb.</p><p><br></p><p>And the reason why we can teach at such high level is because we’ve been through it all; Run into challenges, made mistakes, figured out how to problem-solve and move forward.</p><p><br></p><p>On this episode of Get Paid for Your Pad, Eric explains how he got started with Airbnb: his transition from house flipping real estate investor to STR entrepreneur.</p><p><br></p><p>He describes what inspired his vision to build an online business in the real estate space, how he discovered STRs and why he pivoted from rental arbitrage to a management model.</p><p><br></p><p>Listen as Eric shares his craziest guest experience and learn how you can benefit from our mistakes and scale a STR business of your own!</p><p><br></p><h2>Topics Covered</h2><p><br></p><p>Eric’s real estate investing background</p><ul><li>10 years raising money to flip houses</li><li>Added Section 8 apartment buildings</li></ul><p><br></p><p>Eric’s introduction to being a digital nomad</p><ul><li>Met John Lee Dumas 7 years ago</li><li>Vision for online business in real estate</li></ul><p><br></p><p>Eric’s move: New Jersey to San Diego</p><ul><li>Built network of entrepreneurs in CA</li><li>Room at Epic Entrepreneur House</li></ul><p><br></p><p>What inspired Eric’s focus on STRs</p><ul><li>Met STR entrepreneur as Airbnb guest</li><li>Realized could automate with tech</li></ul><p><br></p><p>Eric’s first Airbnb property in San Diego</p><ul><li>Opportunity to lease 2BR in La Mesa, CA</li><li>Made $2K profit in first month</li></ul><p><br></p><p>Why Eric pivoted from an arbitrage model</p><ul><li>Ups and downs of market in crash</li><li>Recognized leasing too risky to scale</li></ul><p><br></p><p>The power of the management model</p><ul><li>Managed vacant units for HNWI as STRs</li><li>3X revenue of leases without paying rent</li><li>Use profits to buy property, build wealth</li></ul><p><br></p><p>What Eric would've done differently</p><ul><li>Focus on building portfolio in single market</li><li>Stick to one business model, property type</li></ul><p><br></p><p>How Eric dealt with challenging guests</p><ul><li>Recognize where failed and solve problem</li><li>Grow as person, make better decisions</li></ul><p><br></p><h2>Resources</h2><p><br></p><p><a href=\"https://podcastersparadise.com/\" rel=\"noopener noreferrer\" target=\"_blank\">John Lee Dumas of Podcasters’ Paradise</a></p><p><a href=\"https://www.instagram.com/epicentrepreneurhouse/?hl=en\" rel=\"noopener noreferrer\" target=\"_blank\">The Epic Entrepreneur House</a></p><p><a href=\"https://getpaidforyourpad.com/podcast/integrate-airbnb-real-estate-business/\" rel=\"noopener noreferrer\" target=\"_blank\">Eric on Get Paid for Your Pad EP175</a></p><p><a href=\"https://www.overnightsuccess.io/\" rel=\"noopener noreferrer\" target=\"_blank\">Overnight Success</a></p><p><a href=\"https://podcasts.apple.com/us/podcast/get-paid-for-your-pad-airbnb-hosting-vacation-rentals/id901194206\" rel=\"noopener noreferrer\" target=\"_blank\">Get Paid for Your Pad on Apple Podcasts</a></p><p><a href=\"https://www.strlegends.com/x\" rel=\"noopener noreferrer\" target=\"_blank\">Legends X STR Accelerator</a></p><p><a href=\"https://www.strlegends.com/hearfromthelegends/\" rel=\"noopener noreferrer\" target=\"_blank\">STR Legends Mastermind</a></p><p>Email <a href=\"mailto:jasper@getpaidforyourpad.com\" rel=\"noopener noreferrer\" target=\"_blank\">jasper@getpaidforyourpad.com</a></p><p><br></p><h2>Sponsor</h2><p><br></p><p><a href=\"https://www.hostfully.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Hostfully</a> [Discount Code PAD]</p>","author_name":"Freewyld Foundry"}