An Innovative Medium Term Rental Strategy with Nathan Bauer & Ryan Warnken

Published: July 13, 2023, 7 a.m.

b'Ever wondered how the pandemic-induced shift toward remote work could unlock new opportunities in real estate?\\xa0\\n\\xa0\\nIn this episode, Taylor welcomes Nathan Bauer and Ryan Warnken, two successful real estate entrepreneurs who have created a unique short-term rental business called TALA. They discuss the post-COVID trend of people working from home and how their business model capitalizes on that. They explain why they chose specific cities to target, what the screening process for members looks like, and how their lease agreement was designed to avoid squatting. They also discuss how they maintain quality control for their properties and keep members engaged.\\xa0\\n\\xa0\\nJoin us to learn more about this unique business and how Nathan and Ryan are making it successful!\\n\\xa0\\n[00:01 - 06:14] Opening Segment\\nNathan Bauer and Ryan Warnken\'s backgrounds in real estate and entrepreneurship\\nTALA is a unique short to medium-term rental business that keeps landlords and tenants happy and generates cash flows for investors\\n\\xa0\\n[06:15 - 11:47] Exploring City Selection and Property Features for Elevated Home Office Experiences\\nDigital Nomads are changing the face of real estate by working remotely due to Covid\\nThe majority of tech companies are allowing employees to work from home\\nThe screening process includes pay stubs, bank statements, background checks, and fitting in with the community\\nMembers submit an itinerary for the entire year of where they want to be per month\\n\\xa0\\n[11:48 - 22:54] Creating an Exclusive Living Experience: Scaling a Flexible and Structured Program for Year-Long Leases\\nOffering a program where people submit their itinerary and live throughout that for the full year\\nMembership agreement revokes squatting rights in agreement\\nHaving conversations with property owners to get them from the Airbnb arbitrage model into a membership model\\n\\xa0\\n[22:55 - 28:12] Closing Segment\\nBest investment: marketing yourself with someone who has skill and buying a house in LA\\xa0\\nWorst investment: an influencer activation that didn\'t work out\\nThe most important lesson learned: relationships with business partners\\n\\nQuotes:\\n\\xa0\\n"We\'re trying to create an experience where it\'s kind of lovely throughout the entire apartment, and you feel like you\'re just in an elevated experience, and you feel like you\'re at home at the same time."\\n\\xa0\\n"We\'re not shooting for thousands of members in year three. We\'re trying to keep it intimate. We want people to yearn to be in this club."\\n\\nConnect with Nathan and Ryan!\\nWebsite: www.TravelandLiveAnywhere.com\\xa0\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'