Turning Short-Term Rentals into Long-Term Income with Chantal Duame

Specializing in a real estate niche opens up lucrative opportunities and establishes you as an authority figure with the potential to influence local dynamics. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Chantal Duame, the founder and managing partner of Good Neighbor Realty, based in Denver, Colorado. Chantal, a licensed real estate agent and short-term rental specialist, carved out a specialty that sets her apart in the competitive market. She assists investors in curating portfolios that embody the “good life.”

In their conversation, Jonathan and Chantal focus on Chantal's path as a licensed realtor and investor. They discuss her approach to prioritizing her role as an investor, which informs her perspective and benefits her clients in multiple ways. Chantal shares thoughts on her ideal client profile, emphasizing understanding their needs to provide individualized service. She also shares her strategies for creating multiple income streams with a single property, underscoring the versatility and profitability of short-term rentals. Chantal offers advice for first-time investors, using her knowledge and dedication to help investors capitalize on the opportunities short-term rentals provide.

 

Jonathan and Chantal explore these topics on a deeper level:

  • Good real estate agents aren’t part-time. They view it as their full-time career and commit to being producers.

  • Chantal has influenced local politics and their impact on the short-term rental market because she is a go-to agent for investors in the STR space.

  • Unless you’re a designer who identifies as a designer, you should probably hire someone to outfit your STR.

  • The best cash-flow strategy is short-term rentals, and Chantal outlines how she helps new investors determine where their investment funds will come from before they enter the market.

 

Short-term rentals can be a fantastic investment opportunity. With the guidance of a professional like Chantal Duame, you can limit your mistakes and maximize your profits.

If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/137 .