REI103: THE TRUTH ABOUT AIRBNB INVESTING

W/ TRAVIS ZAPPIA

03 January 2022

In this week’s episode, Robert Leonard (@therobertleonard) talks with Travis Zappia (@theyoungretireeby33) about what investing in short-term rentals is, the pros and cons of this strategy, how someone gets started, how to pick markets, how to analyze a deal, how to screen tenants, how to finance these properties, and much, much more! 

Travis Zappia is a FIRE advocate who has started to get into real estate investing in the last three years. He purchased his first house hack in 2016 and decided to rent out each bedroom individually while living in the master bedroom. He has since purchased three additional properties and started a short-term rental management business. In 2020, Travis’ short term rental business grossed over $110,000. He is on track to gross over $375,000 in 2021 with his net profit being roughly $110,000. With his Industrial Engineering background, he has developed a set of systems and processes which help him manage five short term rental units all while continuing to work a full-time job.

SUBSCRIBE

IN THIS EPISODE, YOU’LL LEARN:

  • What short-term rentals are and how to invest in them.
  • Pros and cons of this strategy.
  • How to get started with short-term rental investing.
  • How to find the right markets to invest in.
  • How to analyze a short-term rental deal.
  • How to finance the acquisition of a short-term rental.
  • How to screen potential renters.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Travis Zappia (00:00:04):

It’s so important that you have the right property in the right location with a county that is short-term rental friendly.

Robert Leonard (00:00:11):

In this week’s episode, I talk with Travis Zappia about what investing in short-term rentals is, the pros and cons of this strategy, how someone gets started, how to pick markets, how to analyze a deal, how to screen your potential renters, how to finance these properties, and much, much more. Travis Zappia is a fire advocate who has started to get into real estate investing over the last three years. He purchased his first house hack in 2016 and decided to rent out each bedroom while living in the master bedroom. He has since purchased three additional properties and started a short term rental management business.

Robert Leonard (00:00:48):

In 2020, during a pandemic mind you, Travis’s short term rental business grossed over $110,000. Now, while that is impressive, just one year later, in 2021, he’s on track to gross over $375,000 with his net profit being roughly 110,000. With his industrial engineering background, he has developed a set of systems and processes, which help him manage five short-term rental units all while continuing to work a full-time job. If you use social media in the way that most people do, it can be one of the worst and most time-consuming things you spend your time on.

Robert Leonard (00:01:27):

But if you set up your social media usage the right way and follow the right people, you actually learn a lot from it and even meet some really great people. As an example, Travis and I met on Instagram and we’ve built a relationship over the past few months, along with the countless others I’ve met on social media. If you want to set up your social media the right way so you’re learning instead of wasting time on it, one of the first and easiest things you can do is to follow Travis and I. You can find Travis at the young retiree by 33 and me at the Robert Leonard. Now, without for other delay, let’s get into this week’s awesome episode with Travis Zappia.

Intro (00:02:11):

You’re listening to Real Estate Investing by The Investor’s Podcast Network, where your host, Robert Leonard, interview successful investors from various real estate investing niches to help educate you on your real estate investing journey.

Robert Leonard (00:02:33):

Hey, everyone. Welcome back to the Real Estate 101 podcast. As always, I’m your host, Robert Leonard. And with me today, I have Travis Zappia. Travis, welcome to the show.

Travis Zappia (00:02:43):

Thank you very much. Thanks for having me.

Robert Leonard (00:02:46):

We have connected a bit on social. We’ve gone back and forth a bit, but this is the first time we’ve been able to chat in-person. So tell me a bit about your story, tell me a bit about how you got to where you are today.

Travis Zappia (00:02:57):

Yeah, absolutely. So my name’s Travis Zappia. I live in Orlando, Florida. I’m 29 years old, started on my real estate journey in 2016. I had just gotten a promotion at my W2 job, and was going to be moving from Pennsylvania down to Orlando. At that point, I had started getting down the rabbit hole of real estate and investing and not working for somebody else for the rest of my life. So I knew I didn’t want to rent anymore at that point in my life. So when I made the move down to Orlando, I decided to purchase a home rather than renting, which is what I was doing up in Pennsylvania. About three months after I purchased a home, I ended up starting to house hack where I was running out by the bedroom in the house that I had purchased.

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