Welcome to short-term rental riches will discuss vesting in real estate but with a specific focus on short-term rentals quick actionable items to acquire manage and scale your portfolio. I’m your host Tim Hubbard.

Tim: Welcome back to the short-term rental riches podcast excited you’re here again as most of you know, I do most these episodes by myself, but there are a lot of experts out there and Jasper is one of them. He’s our guest today. And before we get into it, I gotta just let everyone know that. I read Jasper’s book, get paid for your pad a long time ago before I started with my short-term rentals. So, he is a veteran. He’s got so much experience. Really excited, how mon today? Welcome. Jasper,

Jasper: sips. Tim, nice to see you. Well, it’s cool to, you know, to talk to a fellow podcast host.

Tim: Uh yeah absolutely yeah you’ve got a great one, get paid for your pad and you’ve got amazing connections Jasper and before we get into some of the questions and just kind of how you manage all of the information access you have, can you give us just a little brief background?

Jasper: Yeah, for sure. Yeah. I mean I started. Patriots, had a long time ago when I started hosting back in 12th 2012, there was this such a huge opportunity and it’s, I felt like no one knew about this, right? I was, I was traveling around the world. I mean, I know you’re living in Brazil, actually used to live very close to where you are right now and I was just traveling around the world and renting out my one apartment in Amsterdam. And yeah, I’d like worry-free life for a while. Everyone asked me, like what happened are you retired or something or like how do you Do you know, how do you travel around and not work and as I’ve my apartment on Airbnb in there? Like are be, are be, What? You know what surprises are? What’s this are facing? And then I started setting my friends and they started doing it then and I was like, wow, this sounds like people just don’t know about this. So, I was like, let me share this with the world. So, I wrote the book started broadcast. And yeah, it’s just being it’s been so much fun recently since, I mean, you know, Eric Miller, of course, my business partner we started Mastermind in2019 and after that, we and have expanded started, essentially, short-term rental education company with multiple programs going on. So, you know, now it’s and we’re building a new

Hospitality brand on the side, too, which is called free Wild, which were really excited about. So, there’s a yeah, that’s almost there’s a lot going on. Now, my love is definitely changed from like stress-free, sipping, cocktails, and Brazil. It’s a now like this working my butt off like 12 hours a day.

Tim: So yeah, you know that there’s so much opportunity in this space still that it’s hard to kind of see Sit still for a long time and even just relax sometimes I’m finding myself in the same position. It’s like you know when I discovered your book, I didn’t have any short-term rentals, you know, put one up and then here we are years later and one of the things that I think makes it hard to relax as just, there’s just so many sources of information, right? I know you are an expert. I’ve been in the industry for a long time but it’s like every day, there’s more resources, there’s more people out there there’s like What would you say? And I know you have tons of great guests on your podcast all the time. What would you say is any tips or anything for managing all that data and who do you choose to listen to or learn from, I guess?

Jasper: Yeah. That’s, that’s a very good question, right? Because there’s so much information out there. Like one of the reasons, I started get paid to be padded was because I couldn’t find information. So, I was like, let me let me put something out myself then. But yeah, now, there’s there’s so many groups, right? There’s there’s there’s podcast. Obviously, there you have your own podcast, right? There’s a lot of other people that do podcasting now as well. So, I would definitely say like podcasts are definitely one of them in my opinion, one of the best ways to get that information, you know? Obviously, there’s yes YouTube channels and there’s Facebook groups and everything. But I find that the the highest quality content is usually either on blogs or podcasts. Right? So, you know, books blogs and podcasts are kind of like where I get my information. I don’t like to consume. His information from social media, that’s some good info on YouTube to be found. But there’s also a lot of a lot of kind of content that’s produced with the mindset. I think with the goal of this attracting as much traffic as possible versus delivering like valuable content. So that’s my preference, I would say check out podcasts, you know, books are all is good, of course. And yeah, blogs good old blog posts can be damned. You can see

Tim: ya. Now, that’s true. I am podcast for some of my favorite. Obviously, I’m slightly biased having having my own but you know I didn’t start this until I learned so much from other other podcasts and the idea behind this podcast is just short quick actionable ideas.

And that was kind of hard for me to find in other places. But podcasts are just a sure fantastic fantastic tool. I’d have to agree. It does seem like a lot of the information. Now is just to get you to watch it and keep watching it. A lot of times take a while to get to the actual nuggets that you’re looking for and so podcast, you know another source though of information and I think personally really good information.

I want to get your take on this but our conferences and there was a while, there were none of us were going to a physical conference. And now a lot of them are virtual which I think can be a excellent source of information to. But what it, what are your thoughts on short term, rental conferences and going in person.

Jasper: Oh yeah, 100 percentiles off conferences. I think they’re a good source of information. Nation. But I think most importantly, they’re very effective way to expand your personal Network, right? You can meet somebody on zoom. I mean, we’ve known each other for what is it? Like, 2 3 years. We’ve met one Zoom many, many times while,

Tim: you know, I actually just real real. Sorry to interject sir, but I, I was on your podcast a while ago and so I went to search for it to find in. I was thinking, man that I don’t know, maybe a year ago, that was like three years ago. I was in December 2020. 2020, I can’t believe it the time to write lies foot starting. Sorry to cut you off there. I just. Yeah, that was crazy.

Jasper: No worries but you know, he is here’s the thing. Like you can, you can spend a lot of time with each other on zoom and things like that, but in end of the day, when you were having a drink and you get to like feel each other’s energy and just really like connect that’s where you build a much stronger relationship in my opinion. So I love conferences. You know, the reason I haven’t shown up on the lot of conferences recently it’s just that I’m going through a Visa process for the United States, right? So, I’ve applied for awork visa which actually got approved and I’m actually about to go for my interview at the embassy just a week and a half from now. But during that process like you can’t travel to the us so that already locked out like a lot of conferences for me and then and then also like living living in Panama. I think Ilive in Panama going to I just got after I travel to 100 countries during my digital Nomad time. And I almost felt like I was. I was just kind of like enjoying not traveling for a while. Yeah. I mean, I feel like

Tim: I’ve really a it’s nice to have a base sometimes.

Jasper: Yeah, 100%. But just going back to your point like, yes. Going friend says, I actually believe it or not I actually I had a time where I was like putting out like look courses on Udemy, just just kind of a fun putting out some little small little courses for people to buy and I actually created a course on like how to maximize a conference visit because I was going back in the day. I was going to so many conferences that I kind of figured out a way to, you know, to really maximize your time at those conferences. So, you know I would say if I can share just a couple quick tips, you know. Yeah. It’s like Costa. Here’s the thing. You’re at a conference and you could go to conference and just kind of like, you know, sit in with some some presentations and like, you know, have a couple drinks go to a party this nap. And then looking back, you might, you might think like, did I really get a lot of value out of this, right? And I’ve been there before so where I was like one conference, I just had so much value in any other conference.

I didn’t feel like I was getting any value so I just kind of made a list of things like okay how do you maximize time in a conference and the number one best way to get value out of conference is to be one of the speakers because then you can you get to connect with all the other speakers at is a done. Also, like everybody wants to connect. Act with you because you’re a speaker. So now suddenly you don’t have to go around and try to get, you know, try to get introductions or like meet people like everybody will write to you, right?

So that’s that’s my secret tip. Number one is, can you know, just applied to be speaker or do a workshop or whatever it is that you get a lot of value from that? And then number two is oftentimes on the conference to have the, you can figure out who’s coming right at the, the usually have a back end where you can see, like, you know, the guest list or what not. So, say like make a list of the people that you really want to meet before you arrive, right? Because then you already know like okay, I want to meet this person. One meets that person versus just kind of showing up and then just going to going with the flow, so,

Tim: great tips. Yeah, I I love conferences and I was going to a lot for a long time and not just in the short-term rental space. But I, you know, I go to other real estate investment conferences and precious metal and action went to a podcast conference last year. That was, that was the first First time going to one of those and it is it’s a lot of times it’s like you get out of out of it. What you put into it, right? And if you show up super tired or you go out late real, you know really late one night and you’re trying to soak up the information.

The next day that makes it difficult, I do like now that at least a lot of these are being recorded virtually to. And so especially some of the bigger conferences, where you might not be able to get like catch everything. At the same time, you can go back and revisit things Just having a good note system as well. I think in actually reviewing the notes and stuff and taking action. You can get so much so much benefit from.

Yeah, great tips are. Do you have any that your I was just looking at VRMA, for those of you that don’t know that are that are listening in vacation. Rental Managers Association puts on. I think a really good conference that put on several but they have an international 1 2, but they do once a year and if you go to their website, they’ve got a schedule, all the short term. rental conferences for the year. And so, I kind of went through there and I was selecting a few. So, I’m going to go to that one later this year. And there’s another one in Barcelona that I was that. I’m going to go to as well. At least I’m planning to any any on your list.

Jasper: Well, you know, honestly, like my life right now is so dependent on whether I’m going to get my work visa or not, I’ll complain, right? So that’s like just dictating my every move from us which is kind of crazy, you think? Yeah right. But yeah, I just can’t plan anything. Right now. But yeah, I would love to go to, you know, if you’re I love emra we you know I was there and in 2020 I think it was or 2019 and what New Orleans.

I think it was. Yeah, it’s awesome. Like I would love to go to a whole bunch of them. I’ve been to the one in Barcelona. I’ve been to the one in London. It’s called host. I think I don’t know if that’s still around both covet but yeah, the one in Barcelona is great, I used to live in Barcelona so it was easy for me there.

Tim: That’s awesome. I don’t think Ilive there. Quite as long as you, but I was there for a while to and I You know, I did like your book really sunk in for me, Jasper because I, you know, I love traveling. That’s why I got into real estate. But it is, it is nice. Having that the Homebase sometimes, would you say that you were a digital Nomad

Jasper: hundred percent? No nothing. Yeah. I had that lifestyle for almost a decade. Yeah, and I see, no, I was in finance. After I quit my job. I was only one thing on my mind. It was like, I want to travel the world. Figured, I’d do it for a year, but ended up, doing it for eight years so yeah, yeah, that’s awesome.

Jasper: Well, it was very inspiring story. It helped me with my journey and kind of to piggyback on this digital Nomad topic. You could say, now I heard this somewhere that there’s a different type of digital Nomad now and that’s just a remote worker, right? I mean, these are Professionals of all different levels that are now living that lifestyle, a little more because they can and of course A lot of them are Jane and short-term rentals, which is fabulous for us that are investing working in that space. What’s your, what’s your outlook on Virtual work going forward and how it relates to short-term rentals.

Jasper: First of all, the digital Nomad Trend was already there before covid? The covert really accelerated. It, people learned how to use zoom and how to work remotely and everything. So, I think it accelerated a trend but I think you’re right. I think the the there’s no there’s various ways of being a digital nomad. Like when I started it was very much like there was a couple places in the world that’s where everybody would go, right? A low-cost environment like like meta-gene is a big Hub mine in Colombia.

There’s this place in Thailand blanking on the name now but it’s in the north of Thailand and it just changed their Chiang, Mai. Ya got flooded with digital Nomads, right? I was there in 2003 or something, it was just a tiny little sleepy, Village almost and then and then 10 years later its massive digital Nomad hub. With Superfast internet and you know you rent an apartment for, you know, for 500 bucks a month, so you had these hubs but now what you see is that people might just go like two hours away and then see ya in a different city for like a month. Right. Right. So that’s that’s definitely changed a lot. So yeah, it’s and I think that trend is going to continue, right? I mean it’s not going to probably not going to grow as fast as at this. It’s done no less couple of years, but I think, you know, in the future I think people will get more and more Used to the idea of sharing resources, so the whole sharing economy, I think it’s going to keep growing and I think younger people also.

I feel like they are more focused on experiences. They want to experience things, right? So, and I think earlier, you know? Yeah, moving her like a young person can probably not really imagine living in one place for like 10 years or something. Right? Probably some seems boring to them. I think so. Yeah, I think it’s going to continue this this and what’s the most Most interesting part of that I think is, you know, midterm rentals is a very interesting topic right now, right? Because more and more people are looking for, like, a one month or two months, or three months, stay and Airbnb’s. Not really the ideal platform for that. I think, but there’s no other platform that really dominates the mid-term rentals, right? So that’s going to be interesting. I think like, is there going to be a player in the future? That’s going to dominate that market for mid-term rentals.

Quick news flash.
If you’re looking for a passive short-term rental investment. The reality is, you will never have one if you are always involved. It’s not a passive investment if you are the one communicating with guests, coordinating operations and issues just to name a few. So, what do you do? You can (one) hire a property manager, but traditional commissions can really hurt your profits. You can (two) hire your own team, but this comes with its own challenges and it doesn’t make financial sense for most people. I’ve dedicated years and hundreds of thousands of dollars through trial and error to figuring out how to manage my personal portfolio remotely, and it wasn’t always easy. And it took a long time but now my amazing team can professionally manage my properties without me and good news. Our team can also manage yours. Let us save you the stress and headaches and some money by offering you an Industry Low Fee. To find out more about partnering with us head to strriches.com hit the property management button answer couple quick questions and meet with me personally that’s strriches.com. Rest easy, knowing that with my team, your properties will be in excellent hands.

Tim: Yeah, it’s a good point, you know? And this is kind of like I’ve living this life. I would say. Now, you know, I happen to be able to stay and my own residence is fortunately which is nice because they have some of the things I want. But not all the time, I actually sold my place and Columbia and when I go back there I’m working on another project to cater to this specific type of guess, you know on that wants to stay a little longer and so I’m going to be renting an Airbnb there for probably six months. Why we build out this project and that’s just becoming more and more common. I mean, technology has made it easier. There is furnished Finder, right? That has really kind of put themselves in like the traveling nurse sector of midterm stays. But yeah, I wouldn’t say that they’re a platform. That’s a lot of people outside of nurses are going to to find a place. So, I think there is a lot of opportunity there for platforms and and also the direct booking websites to write having our own book and website. Good.

Jasper: Yeah, I’m sure. I don’t, I don’t know how it is now like as I haven’t done this lifestyle for a while, but I remembered it was my always. My biggest challenge was like how do I find a place where I can stay for two months like I would find you here. Maybe he’s just a little little pricey, you know, I maybe that’s changed now but like but it’s eat our Airbnb or where else you gonna go. Like you’re going to go and local, you know, local grec list type of sites and see if you can find like a sublet or something like that. Right? Yeah. Yeah. So, it’s that was always my biggest challenge. So yeah, it’s me. Interesting to see how that, how that’s going to play out in the future.

Tim: Yeah, I’m just kind of thinking out loud here, but Airbnb, didn’t really start with a really long-term rental in mind either, right? They focus on that a lot more recently, where they’re really trying to push a lot of people in the long-term rentals, they still make a lot of money off the long-term rental reservations. And so, as we see other OTAs online travel agencies, enter into the short-term rental space, that weren’t traditionally there. Booking.com, for example, I would think that these other sites like booking.com and VRBO are probably going to try to cater to a midterm stay sometime in the future as well. Because if they get the booking from it and more people are searching for it that it would just make sense for them to offer those as well.

Jasper: Yeah, anything is possible, but it’s like I remember booking an Airbnb for two months, and Hong Kong and place in Hong Kong are expensive and so, yeah, I think the total was like, I don’t know, like 8,000, Or something 9000 taller and have us. Fortunately, I was sharing it with somebody else. But yeah, that just the Airbnb fee on that reservation was like two grand or something, you know, yeah, or 1,500 bucks, I can remember. But it was this Mass. I was just thinking like MN paying like 1,500 bucks for you know, just to just to rent this place for two months, it’s kind of

Tim: yeah, it’s a huge chunk. I know, well, we’ll see what happens. Maybe they’ll realize that there were, they’re losing market share for some of these mid. medium term reservations and come out with a different pricing strategy for specifically for medium term stays and hopefully lower the cost kind of for everyone.

Oh gosh, so many good things to talk about jasper for one of them, I want to bring up, is that? I know you work a lot with Eric now, Eric is your partner and multiple multiple Ventures. And I have the pleasure of knowing Eric as well as I was part of your guys’s group for for a while. They’re also a fantastic guy. So, wondering if you could share with our audience, just a couple of the Lessons Learned working with a partner or having just any tips. I mean, that’s one of the cool things about real estate to is we don’t have to do it alone. We can partner with other people.

Jasper: Yeah. I mean, I will say that I’ve had different Partnerships in my past life because I’ve done different different things in different Industries, and I would say, like, finding a partner who’s a really good fit is very difficult. And, you know, it’s very tempting to just kind of do things with somebody because it just feels lonely. Doing it by yourself and like it’s hard to make decisions sometimes, right? Let’s like your kind of want to get bounce some ideas off each other and and make a make the best decision. So, it’s tempting to partner with somebody who’s not really the right fit as a partner. I think. And I think that’s why a lot of Partnerships actually don’t work out, right? I think there was actually, some of our, some of our members in a mastermind. We’re talking about this like last week or so. It’s like, hey, what’s how do you find a great partner and and one of them said like, well, there’s only one thing that’s About a partnership it’s going to end or something like that, right?

And which is also fine. I mean, you could have a partnership for a certain amount of time and then, you know, if it doesn’t work out anymore, that’s fine, but I think, I think a lot of people jump into a partnership without really understanding, you know what type of partner will be the best fit for me. What are you got to start with your your weaknesses and your strengths right? You got to really identify like okay what am I good at? And what I mean what am I not good at and what does the business required to be successful, right? Right.

And I think, yeah, I think it’s that that’s not these are not easy questions to answer right before Eric. And I parted like that, we had a long process of. I can’t remember how long we were talking for years. And then we tested the waters by throwing his Mastermind event that can Frederico. And 2019 just to see, like, okay, how do we work together? And really trying to understand, like, okay, what are your strengths? What are my strengths and our day complementary, right? Because I’ve partnered with somebody in the past it was exactly that me. And you know, that didn’t work out, right? Because you need to have opposite perspectives, that kind of clash to push to the equally room, if you will. Right? So yeah, I’d say that’s the most important thing I think is, is really consider the weaknesses and strengths of both Partners. But also, are you aligns on your values? Are you relying on the type of culture that you want to build our you aligned on the vision for the company to, right? I mean I look we’ve talked about this like, I’ve Had years where I was just like, carrot Carefree rent out a couple of units and Airbnb just going to travel the world and now Eric and I are building something that we believe can be a generational hospitality company. You know, that people will know how many years from now, people will live beyond this, right? That’s completely different Vision, right? So, you know, you got to be aligned on that as well. So yeah, it’s not easy to find find a great partner.

Tim: Yeah, yeah, I agree. It’s challenging right. And especially if it’s something that has Never Ending timeline, for example, a generational company, you know, you’re in it, till the end, right? And so, it definitely a lot of thought needs to go through it. Excellent tips there. So, let’s see, Jasper, a lot of the economy’s constantly changing, right? And you can say, right now that a lot of people would say were in recession and it’s maybe not looking bright at the end of the tunnel. At least for the foreseeable future. What would you say to someone that was interested getting into the short-term rental space in today’s economic environment.

Jasper: Yeah, I mean, look, I think the biggest thing is, there’s the economy, right? Like, nobody can really predict. It’s hard to predict what exactly is going to happen. Like it seems like there’s definitely some slow down on the horizon. But, you know, I think when it comes to short-term rentals, I still believe that certain rental industry is going to grow and there’s a lot of opportunity long-term, right? Just because I see that people, I see the trends. There’s trends that I think support The short-term rentals.

And you know the biggest thing right now I think is if you want to get into the space, you got to look at it as a any other business, you got to figure out, who’s my ideal clients. You know, what solution? I am bringing to the market. How do I stand out from the competition? What’s unique about me, you know, the days that we can just literally, just grab a random apartments and fraud on Airbnb and just, you know, be booked 80%. That was the case when I started, but that’s not the case that.

Tim: Yeah, me too.

Jasper: All right. That’s not Not the case anymore, maybe so maybe in some markets maybe that’s exceptions right but you know but overall, I think that’s not the case anymore. So, you know before you get into it I think you gotta create like a week will like a vision or like almost like a business plan of like, hey how are we going to do this? Like, what’s our goal here, right? What type of properties do we want to rent out that we want to do ownership like yourself or do we do want to do management or, you know, rental Arbitrage. So, it’s just kind of gone out of fashion. Now the Arbitrage has proven to be very risky model through covid, but, yeah, those are there so many questions to be answered. And I think, you know, before you get into it now and you know, the other thing I would say is like you gotta educate yourself because it’s no longer an industry where there’s so much opportunity that anybody can just kind of come in and do really well like you really have to educate yourself like it like any other sector really, you know. Yeah. Like you wouldn’t start your own Bakery. If you don’t know how to bake bread for, right?

Tim: Yeah, I know great. Great points there. I think the one thing that always excited me about real estate and I guess makes me more comfortable is that we always have to live somewhere, right? And the one of the exciting things about short-term rentals now is that people aren’t just traveling in them. They’re actually living in them. And so it’s become a more permanent piece of the real estate industry. And I think a lot of people and big companies and Venture capitalists have recognize that and so with that has become as come more competition and so the management piece and really planning out and educating ourselves like you said is more important than than it’s ever been. But I still think a lot opportunity going forward.

Jasper: Oh for sure and it also really depends on your goals. All right. Like you and you know you and I both own, you know real estate every rent out short-term right. I have my place in Colleen Columbia for example. And you know I just have a management company takes care of that. For me it’s just the best. Of Investments, right? I just bought it and it pays out every month. So, if that’s something that you want to do, that doesn’t require as much education, but if you want to build like a bigger, if you have a bigger vision for a company that you want to build then that’s definitely that’s definitely required, right?

Tim: Yeah, and definitely. Yeah, I think a lot of our listeners are, you know, the title, the podcast, short term rental riches sort of implies that like we’re going to become rich from this, which we absolutely can course rich. The word Rich has a different meaning for everyone. I want to get to that in a little bit here, but a lot of people listening to podcasts, are people trying to scale their portfolios and add more units? And I know there’s a ton of tools out there but the idea was to have quick actionable ideas to help people do that. Do you have any tools or software tools or even, maybe just an idea that you’ve encountered recently or come across? That’s just a quick actionable. Idea that might help someone getting started or that’s trying to scale their portfolio.

Jasper: I would say technology is a big as a big thing, as the market matures and S competition increases like operational. Efficiency is going to be key, right? Especially if you want to skill, right? When you talk to operators, who are like big operators, I’m talking like 5,000 units. They’re all very, very focused on operational efficiencies. So, I’ll share one action, little tip that I got actually from Steve swap. Was the way that a Master Mind.

And he’s the founder of the classical if they have 6,000 units or so. So one thing I learned from him was that and we use skill like the operational efficiencies are so important. And one of the things that that he did to make his operation more efficient, was he planned it? Like a, what he called an ammo box in all of those units. So, it’s essentially a box with some tools that will allow guests to solve resolve issues, right? So, for example, like the toilets are clogged or the there’s a light bulb. That’s that right or the electricity go out or whatever it is basically to give you guys the option of like okay we can send somebody right to help you with this or here’s instructions. If you want it to self-resolve this issue and he was sharing that like in 80% of the cases, guess actually choose to self-resolve because they don’t want to deal with somebody coming to the unit and we’re the friction that comes to that and then you know, that’s something that we’re looking to implement in our business in the near future is minimizing the amount of time that when we have to send maintenance people, you know, or cleaners or whatever, to help gasps with the issues because, you know, that’s a lot, that’s a cost, a lot of resources to do that.

Tim: Definitely I like that and ammo box for fixing quick issues. Yeah, you got to think, you know, if someone someone clogs the toilet and there’s no plunger around, that’s something that could solve that issue really quickly, although some people don’t definitely don’t want to do it themselves. But given the option, I think it’s good to have an option, so just so make sure you leave. Leave a dirty plunger, right next to the toilet, because that’s not a good site for our guests, right?

Good. Good tip there. So much to learn. Well, let me ask you this Jasper. This is again, the the podcast is short term rental riches and a lot of people associate the word rich with finances, normally, you know, being wealthy. But that is not the case for all of us. I know, living a rich life for myself is just having the freedom that’s why I got into real estate. In the first place to be able to travel not necessarily bouncing around all the time, but just having the freedom and so. So, what does the word rich mean to you? And is there some way that you’ve enriched your lifestyle in the, in the recent past? That’s not Financial.

Jasper: Yeah, 100%. I would say, you know, like, for me being rich, meant Freedom, like you said, pretty much the same thing and I didn’t need to make a million dollars. I was just like, hey, if I, if I have enough money to comfortably, travel the world, and Experience. It was essentially what I wanted to, you know, I want to experience different cultures and I lived in so many countries you know. And that that to me was being rich now. I think it’s changed a little bit. You know my life has changed. I’m married, we’re building this. This generational company. That’s our that’s our vision at least if Eric. So, it’s like, you know, my life has changed a lot. I tell you what, what the rich means for me now is yeah, it’s it’s a different. It’s more about like learning learning is a big thing for me now. You know I’m doing a lot of Things that are new to me, right? And that’s really exciting.

So I think learning, I think personal growth and then I think I would say emotionally, you know, just doing a lot of emotional work like, meditating and breath work and, you know, getting 20 minutes of sunshine every day. That’s a big Focus for me. Now, it’s more like health, and like physical health, but also, but also emotional health. Right? Just really taken care of are taking care of the Mind. Because as you probably have noticed this, well, like when you’re building businesses, there’s a lot of challenges and I can cause anxiety, and there’s uncertainty. And like, you know, like I got to look after my mind because otherwise, I’m driving myself crazy. So, yeah, no, great point.

Tim: Sorry if we don’t love our health. We don’t really have anything, right?

Jasper: And let me give you one example. Piece of advice, I have this thing called it’s a whoop of you heard of a whoop. It’s similar to the sort of way. The are eating

Tim: with that for monitoring sleep or yes.

Jasper: Yes. There’s one thing that I learned that helps me makes me feel more. Rich is quality Sleep. Quality sleep. Yeah, is so important and no one’s tracking it. So I started tracking it. I have this device called a whoop and I can see exactly. In the morning, I could see like my efforts, heart rate, my heart rate variability, my efforts respiration rate and all these older mattresses that tell me like, how good my sleep was. And it’s crazy because, you know, I might sleep seven hours one night and seven hours, another night, but my quality would actually be one night could be 90% when I could be 30% and the, how productive I am. And how good I feel during the day, is massively dependent on the quality of the Sleep.

Tim: Totally, totally. I don’t know what happened yesterday, but I woke up at like, 2:00 in the morning and my neck, I was sleeping on the pillow wrong or something, and It just really did set my day back. I mean, it’s still kind of hurts actually, but I know I didn’t sleep that much that, that night. And I’ve got one of these fit bit’s, which helps me monitor the time that I’m sleeping. I don’t know how accurate it is, but looking back at, it seems to be pretty kind of on par and yeah. If I’m you know, feeling a bit down or if I’m not in a great mood, a lot of times I can go back and look at the Sleep patterns and it can see that. It’s not always, like you said, like the same time when you think it might be, but it might be like, you know, you miss sleep day before a little bit in the past and a really does affect us a lot

Jasper: 100%. And you know what you find out when you start using this, these things is, is like when I eat in the evening, right? Couple hours before I go to sleep or drink alcohol, few hours before I would sleep completely messed up, my Sleep Quality just drops, right? So what Ido now is like, I don’t really do big dinner or big meals after 5 p.m. or so, and I try not to drink any alcohol in the last two or three hours before I go to sleep in during weekend’s that sometimes a little difficult. Yeah, yeah, it’s massive.

Tim: Well, gosh, awesome stuff. Jasper. I know we could talk for forever. I before we get to how people can find you. Anything else you want to add.

Jasper: I mean you know, just appreciate the invite here. I think we covered some pretty important, topics of like, you know, in today’s short term rental industry. I think we have to really set higher standards like our guests are expecting higher standards from us and we have to be professionals in what we do. You know. So I think that’s the most important message but at the same time like I think for the people that are embracing that and are setting the standards higher, I think there is going to be a lot of opportunity, regardless of what the economy is going to do in the next few years. I think in the long term, the short-term rental industry is a great place to be.

Tim: Yeah, I agree. And you guys have a lot of fantastic information and you guys teach all kinds of people. I’ve learned a ton from you since a very beginning, when I, when I read your book so how can our audience reach out and learn from you and Eric and everything you guys put together?

Jasper: Yeah, 100%. Well, obviously there’s to get paid for your pet podcast that you’ve been on that. People can listen to, we do two episodes a week, one of the Monday, we’re kind of interview. Somebody and then on Friday, Eric and I just kind of talk about what we’re learning what we’re experiencing and then You know, obviously get paid for your pod.com is where you can find lots of free information and then if you’re interested in our course or one of the courses, you can go to overnightsuccess.io our main course is a 90-day accelerated program called Legends X where you can find more information on debt is overnightsuccess.io/x and then we do free trainings every Wednesday and that’s overnightsuccess.io/training every Wednesday. We do a free training and I can jump on and we just cover a topic for like an hour, Eric and myself or one of us. I’m that’s open free for the public for everybody to join some

Tim: awesome. So much good stuff there while you are. Truly an expert, Jasper appreciates you. Coming on the show, will make sure and get this out to all of our audience and hopefully we can do this again in the near future and see where things are at then.

Jasper: Absolutely thanks Tim

Tim: thanks Jasper

Want to get on the fast track to Financial Freedom through short-term rentals what all starts with the properties you acquire. But you want to make sure that you acquired the right properties, I want to give you my e-book. That will show you how to do just that. There is no charge. It’s my gift to you for being one of our subscribers. Just go to restmethods.com. That’s REST methods.com

RELATED PODCAST EPISODES

• Episode 156: Why we should “partner with the government” with special guest Tom Wheelwright (Part 1)
• Episode 64: The Mandatory One Page Printout (All Your STR’s Should Have)
• Episode 63: One new Tool to organize your rental portfolio
• Episode 61: Pro Tax Advice directly from my CPA (part one)
• Episode 21: Money coming your way and Industry Updates