Michael Elefante: How To Start Renting Your Space in Airbnb And Understanding The Different Rental Options

Meet Michael Elefante, an account executive at Extreme Networks, real estate investor, YouTube, and TikTok personality. Michael has lived in a few cities because of his previous jobs but is currently residing in Nashville Tennessee with his wife doing what they love. Michael got interested in real estate and learned about short-term and long-term rentals which made him decide to join the Airbnb community. 

In this episode of Construct Your Life with Austin Linney, Michael shares his first property investment and what he had to give up to start building a stable future. Michael explains the difference between short-term and long-term rentals along with the benefits you can get from both options. Michael shares why he decided to join Airbnb in terms of cash flow and getting to the financial freedom phase. Michael will help us understand why it is important to know your market first before you start your rental business. 

Listen in to learn how you can start your own rental with Airbnb and understand the cash flow.

“If the money makes sense, the deal makes sense.” - Michael Elefante

“Consistency is key” - Michael Elefante

What You Will Discover:

• [07:42] What Michael had to consider in a house that he will list with Airbnb and his forecasting for occupancy, and his potential revenue
• [13:27] Michael’s shares his first booking and how it turned out to be
• [15:41] Michael explains why he personally prefers short-term rental over the long-term rental
• [22:49] Talks about his recently acquired property in Gatlinburg and the cash flow
• [24:14] Michael’s new project partnership with a home builder and how they’re going to proceed with the business
• [30:12] Talks about his Youtube channel and how he creates his content along with his TikTok account
• [34:57] Shares his 2021 plan from traveling, starting a family to acquiring additional properties

 

Relevant Links:

Linked in: https://www.linkedin.com/in/michael-elefante-40111ba3/ 

Twitter: https://twitter.com/MElefante_6 

Facebook: https://www.facebook.com/michael.elefante.5 

Instagram: https://www.instagram.com/melefante6/ 

Youtube: https://www.youtube.com/channel/UCMEeFhOETOsVm65fh1rKhEQ

TikTok: https://www.tiktok.com/@melefante6?lang=en 

 

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