Mastering Airbnb: Effective Communication and Property Management with Noah Hoffman

Noah Hoffman is a dynamic entrepreneur who ventured into the real estate industry at a young age. Initially working for a mentor in property management, Noah quickly identified the potential of short-term rentals through Airbnb. He began managing properties for his mentor and gradually expanded his portfolio, renting additional properties to put on Airbnb. Noah's experience as a carpet cleaner also proved beneficial as he pitched the idea of short-term rentals to property owners, successfully securing management contracts.

After five years of working in property management, Noah made his first property purchase - a duplex with an FHA loan, occupying one unit himself. Empowered by his remote management skills, acquired through overseeing properties out of town, Noah took a leap and started investing in Fresno, California, as the San Francisco Bay area lacked favorable cash flow opportunities. To further increase his income, Noah also ventured into building accessory dwelling units (ADUs), capitalizing on favorable legislation that made the process more affordable and accessible.

Noah now successfully manages multiple properties remotely and has expanded his ADU projects to include five units. With his entrepreneurial spirit and ability to seize innovative opportunities, Noah Hoffman continues to flourish in the real estate industry.

Connect with Noah Hoffman: https://www.instagram.com/noahhoffmanairbnb/

TIMESTAMPS
00:00:00 reimastermind.net
00:01:04 Started as an entrepreneur, worked for mentor, managed properties, invested in Airbnb, expanded remotely, invested in Fresno, built ADUs.
00:03:42 Splitting properties for profit; renting to travelers.
00:08:01 Paid mentorship may not be effective. Instead, offer help and observe how you can assist. Utilize your existing skills to support others. Be of service and pursue your own goals.
00:10:29 Real estate and business owners must try new things, embrace failure, and find balance.
00:16:00 Streamline guest communication and automate property management.
00:21:28 Learning, wholesaling ventures, partnerships, project management, cold calling issues.
00:25:53 Potential move to hotel investing, negotiating with sellers.
00:30:06 Airbnb dominates traffic, collect guest email.
00:32:04 Properties mainly for traveling workers, not vacationers. Costs and issues with pools. Pensacola property makes sense with shared pool.
00:38:04 Find rundown house, ask if they'll sell.
00:38:57 Practice makes perfect; don't be discouraged.

Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.

SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet

SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729

"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD