JF1756: Filling Vacant Units With Short Term Renters | WhyHotel with Jason Fudin

As new apartment communities come to market, they’re empty. Jason’s business model is to find those apartment communities, get access to some of those units as they are being leased up, and turn them into short term rentals for 8-24 months. “Pop-up hotels” as Jason calls them, WhyHotel only moves in during the lease up of new communities, helping investors mitigated the normal losses occurred during the lease up. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “In the U.S. between 200,000-400,000 MF units are delivered each year, on average, they take about a year to fill up, so that means there is somewhere between 100,000 to 200,000 units vacant at all times in major U.S. cities” - Jason Fudin Jason Fudin Real Estate Background: CEO and Co-Founder of WhyHotel WhyHotel is a platform for renting a full size apartment with a 24/7 hotel staff onsite when traveling vs staying in a hotel Based in Washington D.C. Say hi to him at https://whyhotel.com/ Best Ever Book: Hiring A Players If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices