Chris Senegal’s start into real estate came when he dreaded his 9-5 job and knew he needed to get out. Since then he’s acquired whole neighborhoods from distressed sellers who just want to be relieved of a “burden” that they inherited. Part of Chris’ portfolio is in Peerspace and he is getting into the details of renting out a space for events.

Getting a space ready for Peerspace is more expensive than it would be for an Airbnb, but the ROI has the potential to 10x what it would be as an STR. Chris is focusing on investing around a big development with Airbnb, Peerspace, and an apartment complex with a unique concept. As his last blue gem, Chris is sharing his triangle of success and is for sure to inspire you to diversify your STR game.

Blue Gems Management: https://bluegemsmgmt.co/

STR Meetup: https://bluegemsgroup.com/

[00:00] Episode teaser

[00:35] Show intro

[01:08] Chris’ story in the STR game

[04:23] Creative financing

[10:53] What is Chris most excited about?

[12:16] What is Peerspace and why is Chris excited about it?

[14:32] Handling parking for Peerspace

[15:25] Determining ROI for renting out to Peerspace

[17:12] Airbnb vs. Peerspace

[19:15] Arbitrage model with Peerspace

[21:08] Blue Gems Management

[21:36] Getting a property Peerspace ready

[24:06] Competitors in the area

[24:48] Peerspace from a marketing perspective

[25:44] Challenges when setting up on Peerspace

[27:39] What is Chris up to right now?

[30:28] Advice for real estate newbies

[32:37] A day in the life of Chris

[33:36] The last blue gem

[35:02] Closing it out