James Svetec is a knowledgeable AirBnB operator. He got his start in the short-term rental market by managing properties in Downtown Toronto. Riley Oickle is a specialist and mentor in multi-family residential market. Both now assist vacation investors find success across North America. They check in with the show today to talk about what they are seeing in Florida and share some hacks on the vacation rental market.
Key Discussion Points
[01:06] Introduction by Eric & Steven
[05:19] About our guests: Riley Oickle & James Svetec
[06:25] James: How did you get to where you are today? And why are you doing what you're doing?
[07:29] Riley: How did you get to where you are today?
[08:10] So you're based in Canada but you work with people in the Florida market, correct?
[08:49] What are you seeing with the B&B market in Orlando?
[10:42] What are 2 or 3 big things to keep in mind for investors considering purchasing property for a vacation rental?
[12:22] How do you deal with maintenance and property management?
[14:07] What's the differential in the investment return of a typical 3 bedroom condo rental vs an air B&B rental
[15:33] What is AirDNA and how does it help investors succeed in the vacation rental market?
[18:35] What do you look for to decided if a property is a good deal or not?
[20:43] With Florida hotels coming back strong, and AirBnB growing also, how do you see this all moving forward?
[24:38] How do you help potential investors overcome objections to AirBnB? (i.e. marketability, maintenance, etc)
[31:52] How can people reach you?
[32:27] Closing comments by Eric & Steven
About Our Guests
Today we have with us James Svetec and Riley Oickle. They are the co-owners of BnB Inner Circle based in Canada. James is an Airbnb expert. He is an investor and a coach. He got his start in short term rental space by managing so me of the most successful short term rental properties in downtown Toronto. Riley is also a Canadian real estate investor and he specializes in multifamily residential investing.
After building a successful maintenance company, Riley transformed into real estate investing and started buying income properties around the southwestern area of Ontario. Today, they both have a coaching company where they help people be successful in Airbnb and short term rentals.