In E279, Avery Birch shares insights on managing 100 Airbnb properties in Halifax, utilizing commercial spaces for leases, efficient operational strategies, and introducing a unique resort cottage ownership model.

Avery manages 100 properties in Halifax, combining owned properties, master leases, and property management for others.

Avery shared their strategy of using commercial spaces for long-term leases, bypassing residential zoning restrictions. They recently acquired a four-unit building for $8,500 per month, allowing immediate value addition through management and renovation.

We discussed the operational side, including in-house maintenance and efficient linen management. Avery’s team includes a general manager, operations manager, housekeeping staff, and virtual support, enabling efficient property management.

Avery also introduced their new venture—a resort with a unique cottage ownership model, offering affordable cottage ownership through land leases and management contracts.


Sponsors:
Build Your Portfolio Of Hassle-Free U.S. Real Estate (Andrew Kim - SHARE Partnership): http://bit.ly/sharesfr

Other:
REI Hot Seat: /    / @reihotseat  

E279 How to Manage and Grow 100 Properties with Avery Birch
2:22 Introduction and Avery’s Background
3:04 Business Model and Portfolio Management
3:54 Commercial Leases and Zoning Benefits
5:10 Example of a Recent Acquisition
10:01 Operational Costs and Team Structure
15:45 Linen Depreciation and Cleaning Costs
24:00 Avery’s Backstory and Business Development
27:02 Entrepreneurs Organization (EO) and Its Impact
31:13 New Cottage Ownership Model
40:38 Team Dynamics and Roles

Disclaimer: This episode, as with every episode of this show, should NOT be considered as advice. Investment advice is NEVER given on this show. Always consult a competent investment advisor before making an investment decision.

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Andrew Hines is a seasoned real estate investor, business-builder, educator, and podcast host, well-recognized for his extensive experience in the field. Andrew graduated with an HBA from the Richard Ivey School of Business in 2008 and spent three years teaching introductory business at Western University as a Lecturer. He has been investing in real estate since 2011 and completing value-add projects since 2015, primarily in the luxury student rental space. Andrew started a project management company for building out new-construction townhomes in 2016 and has since built over 50 residential units throughout Southwestern Ontario. Andrew is an advocate for treating real estate investing like a business and uses his experience in his educational endeavors, coaching numerous investors on strategies to achieve financial independence and scale their portfolios effectively.

His podcast, "The Andrew Hines Real Estate Investing Podcast," serves as a platform for sharing insights, strategies, and success stories, connecting a community of like-minded individuals passionate about real estate investing. With a background that blends practical investing experience and investor-focused work, Andrew has become a pivotal figure in the Canadian real estate investing community.

Connect with Avery Birch:

LinkedIn:   / avery-birch-00715270  
E-mail: [email protected]
Secondary email: [email protected]


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