Dreaming of turning your STR Income into the ultimate travel fund? This week, we're joined by the incredible Daniel Rusteen, who shows us just how achievable it is to build your STR portfolio while exploring international markets and embracing the slow travel movement. And that's not all - our co-host Jacquie will share how Daniel's book, Optimize YOUR Bnb, impacted her career and led her to open a property management company that has generated over $12 million in all-time gross revenue!
Our special guest is Daniel Rusteen
Daniel Rusteen is an accomplished expert in the world of short-term rentals. With a background working at Airbnb and a successful career as an author and blogger, Daniel brings a wealth of knowledge and experience to the table. His book, Optimize YOUR Bnb, has sold over 50,000 copies through word of mouth and sales alone, a testament to its value and impact in the industry. Not only has Daniel traveled extensively as an Airbnb guest, staying over 2000 nights in Airbnb’s in 100+ cities, but he also owns his own rentals and manages a thriving management company. With a focus on international travel, Daniel's insights and tips for successful short-term rental investing and global travel are highly sought after.
In this episode, you will be able to:
Discover untapped short-term rental markets with promising investment potential.
Immerse yourself in authentic experiences and unlock the true essence of a city.
Enhance your travels by learning the local language and connecting with the culture on a deeper level.
Gain a competitive edge in the short-term rental industry by participating in beta testing and staying ahead of the curve.
Engage with genuine local experiences
Immersing yourself in authentic experiences can lead to genuine connections and unique discoveries that could potentially diversify your investment portfolio. In the episode, Daniel encourages stepping away from the typical tourist spots and delving into the local culture to gain novel insights. By doing so, investors can better understand the community, the culture, and the needs of potential renters.
Capitalize on international investment opportunities
Different countries offer diverse opportunities and challenges for short-term rental investors. This episode brings international investment to the forefront, with a special focus on Da Nang, Vietnam. Daniel Rusteen provides valuable insights from his personal experience, stressing the need for thorough research and understanding of the region before investing.
Delve into untapped rental markets
In the expanding world of short-term rentals, there exists immense potential in untapped markets. The episode discusses such neglected locations, including the high-rise buildings in Da Nang, Vietnam. While considering these unexplored territories, the importance of understanding local laws, market dynamics, and demand cannot be overstated.
Action steps mentioned in this episode are:
Consider investing in short-term rental properties to generate income, Danny's book and resources can help you get started.
If you're planning to travel long-term, consider the benefits of slow travel.
Connect with other travelers and avoid loneliness by visiting touristy areas where you can meet fellow travelers.
If you're interested in meeting locals and immersing yourself in the culture, avoid touristy attractions and instead seek out local traditions and experiences.
For personalized advice and guidance on your short-term rental business, consider hiring Danny as a consultant or joining his coaching program.
Link and Resources
Subscribe for free episode bonus materials: https://www.thestrinsiders.com/
Join the conversation with Tracie on Facebook: https://www.fb.com/groups/strcentral
Follow Jacquie on Instagram: https://www.instagram.com/5starbnb/
Use code "Strip" at https://optimizemyairbnb.com/ for a 50% discount
Follow Daniel on Instagram: https://www.instagram.com/optimizemyAIRbnb/