Avery: Hey guys, welcome back to another episode of The Short Term Show. Today we have a fellow podcast host and investor, Tim Hubbard. He is the host of the Short-Term Rental Riches podcast, also a really great podcast on short-term rentals to check out. I’m really excited to have him on today, and I’ll let him introduce himself.

Tim: How’s it going, Avery? It’s going great. Very excited to be here. Thanks for having me.

Avery: Awesome, glad to have you! I think you may own more properties than anybody else who’s ever come on the show, so that’s pretty cool. Congratulations, it’s been a journey.

Tim: Yeah, yeah.

Avery: Well, start by telling us a little bit about yourself.

Tim: Yeah, sure! Well, I’m originally from California, that’s where I grew up, in Sacramento. That’s where I started investing as well. I didn’t get right into real estate, I sort of discovered what kind of life I wanted to live. When I was really young, I went to Spain when I was 16 for a little exchange program. I just realized everything was so different. It was an amazing experience when I left home. My parents weren’t getting it along that well, and I just realized it’s a big world. I wanted to be able to travel, and I didn’t discover real estate until a little bit later.

But I was always kind of looking for that way out, you know, the way to leave the LA rat race. So, I studied international business and did these things to try to have that ability to travel, but that didn’t come until real estate. Fortunately, I found that little purple book, like a lot of us did, “Rich Dad Poor Dad,” and I got into real estate slowly. My first deal was a four-plex, so I did the house-hacking thing. I lived in one of the units, and it was a foreclosure. I rented out the other three and just sort of started building from there. So that’s kind of the background.

Avery: How many short-term rentals do you own?

Tim: So, I have about 70 properties. Forty of them are short-term rentals that I’ve converted or bought specifically as short-term rentals, and I’m also doing some down here in Colombia. I moved out of the US, I guess I should say, quite a while ago, about seven years ago. So, I’m down here in Colombia, and a friend of mine and I are building about 15 short-term rentals. It’s really exciting—never done new development before. So, my current portfolio is about 70 properties. The others are long-term rentals and a little bit of commercial.

Avery: Awesome, I’m a big believer in having some long-term rentals and other things in your portfolio, not being all of one asset class, whether that’s short-term, long-term, etc.

Tim: I think it’s really good to have all different types of real estate in your portfolio. Diversification across markets is important, too. I started in California but branched out when the numbers started changing. The prices were going up, and I just couldn’t find returns there anymore, so I started looking out of state. I went to Tennessee.