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35 I Charles Crompton I Rapidly Scaling a Short Term Rental Arbitrage Business
Manage episode 343664653 series 3316032
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Are you a real estate investor with traditional family rentals with tenants? Have you been hearing of investors in the Air BnB space making crazy money, yet still dealing with short term tenant issues, repairs, bookings, dealing with Air BnB, etc. Perhaps you have a rental and it’s causing you headaches. What if there was a way to ensure your Air BnB was rented more often, in safe hands and with little to NO interaction on your part to have it that way? Charles Crompton and his team at Crompton Elite REI have you covered. You sign a lease with them, THEY take care of bookings with Air BnB, handle all repairs and maintenance while YOU watch the rental $$$ flow in. You didn’t get into real estate to be a landlord did you? You SHOULD listen to this podcast if you are thinking of entering the Air BnB space, or wanting expand your portfolio with ease!
WHAT YOU'LL LEARN:
- What is ‘short term rental arbitrage’?
- What are the benefits to using an arbitrage provider
- How does using Crompton Elite help an investor
- Why Air BnB work for so many investors
- How they differ from traditional rentals
- Why a podcast planted a seed to move to entrepreneurship
- How Charles and his wife quit their corporate jobs while transitioning to arbitrage
- What kind of response are they getting from investors
- Do they ever have to convince someone to use their services
- Why family freedom is so important to them
- Their partners and the benefits of having a great team with aligned goals
- How to embrace your strengths and hire people to do the rest
- And MUCH more!
Bio
Worked on the corporate side of an investment firm (Edward Jones) for first 11 years out of school, climbing the corporate ladder.
Tiffany and I have been focused on creating wealth (stocks and real estate) and retiring early.
Last year, it really started to hit us that we were easily on track for our wealth goals and so we started to explore opportunities to leave the corporate world now to build something for ourselves and give us freedom today.
Late last year, after listening to a podcast, we both quit our corporate jobs to build an arbitrage company with two other partners.
9 months later, we have more than 40 listings and a 7-figure business
Social media (where to find and follow us): @crompton_elite_REI and @airbnbsimplified
To reach out to Jose & Khadija, head over to:
website: www.savvyrealestate.ca
Insta: khadijajafferji & josejafferji
Tags: #shorttermrentals, #airbnb, #propertymanagement
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