Dreaming of expanding your short-term rental portfolio overseas? In this episode, I sit down with Nikki Stoddart, a seasoned Airbnb host and real estate investor with over 13 years of experience. Nikki opens up about how she built a thriving portfolio of short-term rental properties across the U.S. and is now taking her business global with an exciting expansion into France. She shares the highs and lows of scaling her business, forming successful partnerships, and navigating the complexities of international real estate.

Nikki reveals her strategies for finding the right business partners, effectively delegating with her virtual assistant team, and discovering lucrative overseas markets like the French Alps. Plus, she dives into the real estate process and financing differences between France and the U.S., giving you insider tips on how to make it all work.

If you're ready to take your short-term rental business to the next level—or even across borders—this episode is packed with actionable insights and inspiration to fuel your next big move! Tune in and get ready to think bigger and bolder with your investments!

HIGHLIGHTS AND KEY POINTS:

[00:59] A short introduction about our guest Nikki Stoddart and how she started with short-term rental space

[03:13] Nikki shares how she discovered the potential of short-term rentals and scaled her business

[07:47] Nikki shares how her real estate investment journey evolved, including expanding into new markets and adapting to regulatory changes

[12:24] Nikki talks about her experience with business partners and the importance of establishing clear, formal agreements from the start

[14:35] Nikki shares her process of building trust and comfort with her business partner

[16:59] The importance of partnering with someone who brings more than just financial resources to the table

[18:02] Nikki shares her journey of looking beyond the U.S. for new investment opportunities due to the saturated Airbnb market and high property prices post-pandemic

[20:39] Nikki describes her process of selecting a property in France to assess potential investment opportunities

[23:04] Nikki’s experience with finding and purchasing a property and the challenges of securing financing as an American in France

[26:05] The operational challenges that Nikki faced as her property management portfolio grew and how she navigated them

[27:31] The benefits of hiring a Virtual Assistant to offload tasks that don't align with your strengths or passions.

[30:57] Nikki reflects on the challenges and learning curve she faced while learning to delegate effectively

[33:48] Nikki talks about how she learned from her past mistake of not thinking big enough and being too scared to grow

[36:26] Nikki and Stacey discuss the concept of worry and how it's often unproductive 

[38:10] Nikki talks about her daughters' interest in interior design, their career paths, and her advice to have passive income through real estate for financial freedom

[39:50] The lightning round

Golden Nuggets:

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Let’s Connect!

LinkedIn: https://www.linkedin.com/in/nikki-stoddart-6a01074/

Substack: https://substack.com/@nikkistoddart

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