Ever wondered how the pandemic-induced shift toward remote work could unlock new opportunities in real estate? 

 

In 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. 

 

Join us to learn more about this unique business and how Nathan and Ryan are making it successful!

 

[00:01 - 06:14] Opening Segment

Nathan Bauer and Ryan Warnken's backgrounds in real estate and entrepreneurship

TALA is a unique short to medium-term rental business that keeps landlords and tenants happy and generates cash flows for investors

 

[06:15 - 11:47] Exploring City Selection and Property Features for Elevated Home Office Experiences

Digital Nomads are changing the face of real estate by working remotely due to Covid

The majority of tech companies are allowing employees to work from home

The screening process includes pay stubs, bank statements, background checks, and fitting in with the community

Members submit an itinerary for the entire year of where they want to be per month

 

[11:48 - 22:54] Creating an Exclusive Living Experience: Scaling a Flexible and Structured Program for Year-Long Leases

Offering a program where people submit their itinerary and live throughout that for the full year

Membership agreement revokes squatting rights in agreement

Having conversations with property owners to get them from the Airbnb arbitrage model into a membership model

 

[22:55 - 28:12] Closing Segment

Best investment: marketing yourself with someone who has skill and buying a house in LA 

Worst investment: an influencer activation that didn't work out

The most important lesson learned: relationships with business partners

Quotes:

 

"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."

 

"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."

Connect with Nathan and Ryan!

Website: www.TravelandLiveAnywhere.com 

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

 

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

 

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