Tamara N. Jones is the CEO & Founder of Bucket List Stays LLC-bucketliststays.co. She has been learning from Short Term Rental experiences worldwide since 2015. In February 2018, she started managing her first vacation property in Tybee Island, GA while growing local partnerships. Today she has forged relationships in 13 different cities with the locals who today provide her cleaning, maintenance, transportation, and entertainment services for her guest. With diverse backgrounds in finance, technology, and newly obtained local knowledge. Her company and the team of Bucket List Stays have continued to significantly increase revenue and vacation properties under management domestically and internationally.

Bucket List Stays - bucketliststays.co is an owner-operated business that creates profitable investment opportunities for investors looking for passive income streams through sustainable real estate projects and partnerships with land and homeowners, thus reducing tenant/landlord inefficiencies, high turnover rates, and excessive damage.

In addition, also provides full-service management to property owners worldwide including Property Management, Online Services, Vacation Rentals marketing, and Community Growth. Bucket List Stays offers a variety of short-term and long-term leasing options in the United States and internationally. Santa Fe, Tybee Island, New Orleans, Fleming Island, and the Dominican Republic are among the most popular destinations.

In this episode, Tamara dives into the currency system of countries like Trinidad & Tobago, corruption’s effect on investments, and why Europe or Canada may be more profitable. She discusses the logistics of investing in short-term rental properties in the Dominican Republic. How recent changes to travel patterns impacted the short-term rental industry and how to pivot for success and protect their investments with arbitrage contracts. To learn more about Tamara and her work, listeners can visit Bucket List Stays!

[00:01 - 03:07] Navigating International Short-Term Rental Markets

• Tamara talks about corruption in other countries and how it is a problem in some countries when dealing with banks and permits

• Short-term rentals have different rules depending on the market, county, zone, taxes, registration, permitting, and insurance coverage

[03:08 - 13:14] Leveraging The Great Resignation With Short-Term Rentals

• Shared economy CPAs specialize in short-term rentals and can advise on the legal structure
• Logistical issues have caused a reluctance to expand in the Dominican Republic
• Short-term rental success depends on cleaners and staff
• Payment methods are different in foreign countries due to literacy and technology resistance
• Taxation systems are higher in foreign countries
• Arbitrage contracts are recommended before making a permanent footprint in a foreign market
• Contracts must be notarized and overseen by attorneys
• Different markets performed differently during and after the pandemic

[13:15 - 19:34] Closing Segment

• Tamara shares that people are looking to live more freely and get more out of life than a desk job

• To learn more about Tamara and her work, listeners can visit Bucket List Stays!

Tweetable Quotes:

“People are looking to live more free. People are looking to get more out of life than a desk job.” – Tamara Jones

“We came about because of the travel pattern changes after Covid. And part of the patterns that changed was the way that people