Join Joe and Makayla as they delve into the world of short-term rentals and uncover the untold stories of real estate investing. In this episode, they sit down with Mindy Hay, an experienced mortgage broker and savvy investor, to explore the ins and outs of the Airbnb market. Discover how Mindy turned her passion for real estate and love for travel into a thriving business, and learn how you too can invest in Airbnb properties for maximum profit. From choosing the right location and property to standing out in a competitive market, Mindy reveals it all. Get ready to unlock the secrets to Airbnb success in this engaging and informative episode! Highlights: ·        Meet Mindy:  A Leading Mortgage Broker and Airbnb Real Estate Investor Mindy Hay is an exceptional mortgage broker and successful real estate investor in the Airbnb market. With her impressive track record and extensive experience, Mindy is a trusted professional who excels in both fields, making her an invaluable guest to learn from.·        Mindy's AirBNB Journey: From COVID Trip to Successful Short-Term RentalsMindy shares her inspiring story of how a family trip during the COVID pandemic led her to discover the potential of short-term rentals in sunny Scottsdale. From falling in love with the area to finding affordable properties, Mindy's experience highlights the opportunities and benefits of investing in the Airbnb market.·        Flexible Down Payment OptionsBeing an experienced mortgage broker, Mindy reveals the flexibility in down payment requirements for vacation homes and investment properties. Learn how she successfully purchased her properties with just 20% down for a vacation home and 15% down for an investment property, debunking the common belief that a 20% down payment is mandatory for investments.·        Out-of-State Airbnb Success: Overcoming Challenges with Expert Property ManagementMindy shares how she effectively manages her out-of-state Airbnb investments with ease. From finding an exceptional property management team to handling all aspects of guest communication, maintenance, and taxes, Mindy shares her secrets to hassle-free remote property ownership and the perks of enjoying free vacations as an Airbnb host.·        Transforming Airbnb Homes into Fun-Filled Getaways: The Power of Unique TouchesMindy reveals the importance of investing in unique touches and vibrant decor to make your Airbnb property stand out from the competition. With a backyard remodel costing around $15,000 to $20,000 and additional investments in trendy furnishings and game tables, Mindy's attention to detail creates memorable experiences for guests, making her properties highly sought after in the Airbnb market.·        Maximizing Bookings in Scottsdale's Seasonal MarketMindy shares her experience navigating Scottsdale's seasonal market, with high-demand events like spring training and WM Phoenix Open Golf Tournament driving bookings. While summer months experience lower occupancy due to the intense heat, Mindy maintains an impressive 80-85% occupancy rate throughout the year, except for recent challenges stemming from the economic impact of COVID-19 and inflation.·        Location Research and the Advantages of Short-Term InvestmentsMindy emphasizes the importance of thorough location research when investing in Airbnb properties, highlighting her own success in Scottsdale compared to a friend's property in a nearby area. She alThank you for listening to this episode. Stay up to date on the latest trends and insights by subscribing to our podcast and following us on social media. For more information about buying or selling in the Portland Metro real estate market, please visit www.LivPortland.com or contact us directly. We appreciate your feedback, so please leave a review and let us know what topics you would like to hear more about.

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