Quick Take - (Full Episode - #81 - Link Below to Full Episode)

Welcome Jake Cohen, a firefighter and real estate investor living in Colorado. Jake is an Airbnb Ambassador and an Airbnb Superhost for over five consecutive years.

Much of our spirited conversation focuses on the first question that any investor should be asking - why am I doing this in the first place? Getting clarity on the goal helps Jake shape his short-term rental business in a manner that best suits his and his family's lives.

Jake grew up in the hospitality business and is putting his years of experience to work as the founder of Step By Step BNB and the co-owner of Master Vacation Rentals, where he manages his own investments and helps clients run theirs at the top level possible.

Jake's pathway to owning and managing multiple real estate investments started at a young age on the shores of Lake Tahoe, when his parents were house hacking a small bed and breakfast before that was even a branded term!

After college, his family called upon him to run their second bed and breakfast in Palm Springs when the manager unexpectedly left.

When Jake moved to Colorado, he saw an emerging real estate market with multiple investment opportunities. There, he partnered with his mom in an effort to better set up her retirement income. That endeavor has taken off, and they now have five investment properties in Steamboat Springs and in Gulf Shores, Alabama.

In this episode, we discussed:

- Jason and Jake meeting at the STR Wealth Retreat in Miami

- How Jake first started in real estate helping his parents house-hack (before that was even a branded term)

- Jake's journey from San Diego to Lake Tahoe to Palm Springs to Colorado

- Having support from family members to have the right mindset for getting involved in real estate investing

- The benefits of being able to use your own STRs for your family vacations

- Choosing markets and having short term rentals in different parts of the country

- Deciding to take on co-hosting clients

- How life has changed since leaving his W-2 job

- Creating a stable retirement income for Jake's mom through short-term rentals

:: Link to Full Episode - https://youtu.be/-KGDMwapJx0

Where you can find Jake:

Website - https://www.stepbystepbnb.com/

Instagram - https://www.instagram.com/stepbystepbnb/

Facebook - https://www.facebook.com/jakelcohen

LinkedIn - https://www.linkedin.com/in/thejakeofalltrades/

Bigger Pockets - https://www.biggerpockets.com/users/jakec38

Jake's Airbnb listings - https://www.airbnb.com/users/129439075/listings

Join Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!

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