Robert Leonard talks with Tony Robinson about his transition to Airbnb and short-term rentals; the strategies he used, including a stock portfolio line of credit; the struggles and achievements he experienced in his business and how they have evolved into his current work; why he decided to start a real estate mastermind, and much, much more! Tony Robinson is well known in the world of real estate investing as the host of the BiggerPockets Real Estate Rookie podcast. After starting his investment career by purchasing single-family homes as long term rentals, he found the tremendous opportunity that short term rentals provide, and has since focused 100% of his efforts on growing that part of his business. Tony's expertise is in building systems and creating the automation needed to effectively manage multiple short term rentals at once. He's also the head of acquisitions for Alpha Geek Capital and puts each property through rigorous analysis before adding it to the portfolio. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:01:23 - How to transition into real estate full time 0:03:56 - The importance of having multiple streams of income 0:10:47 - Tony’s strategy when he first started in real estate 0:14:21 - What Tony did with a stock portfolio line of credit 0:18:43 - Tony’s portfolio: location and what types of properties 0:21:38 - Financing in short term rentals 0:28:19 - Property management with airbnb rentals 0:35:51 - Tax issues in partnerships 0:40:08 - How to prepare for a recession 0:45:11 - Struggles with in Tony’s business and how he’s working through them 0:49:47 - What's going well in Tony’s real estate business and what he’s proud of that he’s succeeding at 0:51:27 - Action Plan for listeners: habit or principle for success, most influential book, one action that to improve life, career, or business) 0:57:32 - Tony’s question for Robert ✔️ Subscribe to the Real Estate 101 show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/airbnb ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.