Show notes
Alexis Ruffin is the founder of Sheffield Executive Housing, a short term rentals company. Before becoming an investor, she has had multiple experience working in the corporate world as a project manager. It was after a recession that she decided to start investing into real estate and luckily she’s been doing real estate successfully for just over a decade now.Alexis started her journey in real estate rehabbing old properties and keeping them as rentals. She still does this today while she’s also created her own niche with investing in some rentals strictly for Airbnb or what she calls as “short long term stays”.Today, Alexis steps into the lab to share her journey in this field as a practitioner, she will be sharing important lessons through her experiences in the short term rental space.FOUNDATION01:35 Background of the guest - Alexis Ruffin04:39 Why choosing AirBnb08:08 How important is AirBnb for longer business travel09:38 Experiment phase transition14:23 How was the first guest of the experience15:36 Guest reasons for staying matters20:07 Saying “No” to the guest22:19 Coming up with the right price25:10 Properties good for Airbnb business27:41 Dealing the mortgage30:27 Expenses for the maintenance of the propertyKEEPING IT REAL31:42 Best Advice - make sure you cater your core client33:12 Managing the business/properties35:52 End goal - having a brand nameANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:37:16 Best Habit - checking the business status38:18 Favorite book - Limitless and High Performance by Brendon Burchard39:22 Class A or Class C - Class B40:00 Cash flow or Equity - Cash flow40:08 Self managed or Outsource - Outsource40:16 One super power - kindness40:31 Describe a successful investor - DrivenBOOKS MENTIONED IN THIS SHOWHigh Performance by Brendon BurchardCONNECTING WITH THE GUESTWebsite: www.exechouse.orgFacebook | Instagram | LinkedInThis episode is brought to you by our sponsor Guesty.com which is a property management software that Ruben and his team use as short term rental Superhosts to manage and streamline all communication with their guests and team to make it a memorable stay for each guest that books their property. Use our private unique link here https://hosts.guesty.com/?r=therealestateexperiment to let Guesty know we sent you!#ExperimentAirBnb
