AirBnB and VRBO’s | Talking with a Real Estate Developer

We are doing another episode on real estate because we had such a massive response to our last episode on real estate. You guys really want to know about this subject, so we said “Who else do we know that we could bring on Dear Alice?” and Jess thought she could bring on her brother, Jake Luekenga, who has been doing in sort of a rental situation where he had two rental properties and went on to build a dream home, and he has a carriage house currently that he rents out nightly and we are going to find out why he does that nightly as opposed to by the month. He built a vacation rental with partners, and now he’s building an entire development of fractional ownership and whole ownership properties. So we’re just going to unpack all of this and find out what Jake has learned and knows for all of us who love interiors. 

• About Jake, Jess, and their family 2:10
• His carriage house and home he lives in now 6:45
• The location and rental 10:20
• His vacation rental in Saint George 18:50
• Is it worth it? 23:15
• Fractional ownership 27:15
• Next rental and development 30:35
• Difference between fractional ownership and timeshare 33:20
• How to choose a good location for real estate 40:35

“So with a timeshare you own the time. You do not own the physical property, but with a fractional ownership you actually own a piece of the property, a fraction of the property. What’s most common is they divide the property into one eighths and you get that piece of the pie. So you have a deed, it’s in your name, you can sell it when you want. ” 34:24

 

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