Alamo Real Estate Investors Association

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AIR BNB'S.......WHAT, WHEN, WHERE, WATCH OUT & HOW

with... Multiple Speaker(s)

THE MAIN EVENT Just some of the amazing things we do at our meetings!... Market Update, Haves & Wants, Case Studies, Tip of the Month, & more!

Thursday, June 13, 2019

Embassy Suites by Hilton NW
7750 Briaridge Dr
San Antonio, TX 78230

Short Term Rentals/Air BNB's

 Are You Considering Short Term Rentals in Your Investment Portfolio?

In today’s world, short term rentals, like Airbnb, are extremely popular. Many people start their search for lodging when traveling on Airbnb or similar websites. Since you typically spend more on lodging while on vacation or business travel than you would rent, these short term rentals have the potential to be profitable investments. But is it a good decision for your personal portfolio?

As with most real estate investments, costs such as utilities, maintenance, and repairs must be factored into the mortgage payments. But there’s also regular cleaning costs, taking the time to act as concierge or paying someone to perform the job for you, and keeping the furnishings and textiles in tip top shape to keep up with the neighborhood competition. After all, the popularity of your property will be dependent on how your guests rate their stay. And don’t forget to account for the 3% service fee charged for each reservation.

Since this type of investment is still relatively new, many city councils have set up rules and regulations but are making adjustments as the effect on the local economy is realized. That means you may have restrictions such as how long you can rent the property out. Do you, as the owner, have to be present? How will this affect your property taxes and homeowner’s insurance? What if a guest is injured in your home? What will your Homeowner’s Association say? What happens if the rules change after you purchase your property and have gained some momentum?

Join us on June 13th for our main monthly meeting to learn the answers to these questions and more!  Our guest speakers will be here and will discuss the ins and outs of Airbnb in our local market. Hearing success stories as well as learning from other’s mistakes can give you knowledge and wisdom that might be invaluable in your future endeavors. As a smart investor, you will want to minimize your risk and maximize your income, which requires research and networking with people currently using this strategy. This meeting is the perfect opportunity!

Tip of the Month: Bexar County Tax Assessor Office
Chief Appraiser, Michael Amezquita, and our Assistant Chief Appraiser, Rogelio Sandoval
Panel Guests: 
Mike Shannon with Bexar County Code & Compliance.
Chelsea and Brenda Mark are members of AREIA and just started their 1st Airbnb in February 2019.
Sean Rakidzich a man who once was homeless now has several Airbnb's and has automated his entire business.
Seth Teel is a member of AREIA and also an adjunct member of the CoSA Planning Commission Technical Advisory Committee.

Registration & Networking will begin at 5:30pm
Main Meeting will begin at 6:30pm
Members $0, Non-Members: $30.00
Sean Rakidzich
Mike Shannon
Seth Teel 
Brenda & Chelsea Mark 

Just some of the AMAZING things we do at our meetings:
Free Dinner & Cash Bar
Market Update!
Learn what is happening in the local marketplace. Where are the HOT properties to buy now! Get the information you need to see what real estate strategy is going to work for you.
Legislative Updates
Get updates on what is happening in the legislation that may impact you in real-estate.
Haves & Wants!
Great opportunity to post properties and check those that are for sale, as well as find lenders, partners, plumbers, electricians, etc. 
Tip of the Month with Local Experts!
We have our local experts that will stop by and give free tips and tricks on how to help increase your bottom line!
Case Studies!
Learn from your fellow members. See how they did on their deals from beginning to end and what lessons were learned, the good, the bad, and the ugly!
VIP Mastermind - VIP MEMBERS ONLY
Alamo REIA Mentors/Leaders brainstorm and discuss live deals and obstacles in real estate and how to overcome them.
To our Honorary, Take Action Mentoring Students, & New Members: 
Please note that our Alamo REIA Master Mind begins at 5:30pm. Please check in at the registration desk.

Members:
Free
Non-Members:
Free


Date: Thursday, June 13, 2019
Time: 6:30 PM - 9:00 PM
June
13

Location:
Embassy Suites by Hilton NW
7750 Briaridge Dr
San Antonio, TX 78230

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Alamo Real Estate Investors Association

PO Box 15872
San Antonio, TX 78212
(210) 732-7500

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