113. Start Your STR Business with an Investment Tribe with Travis Smith, Founder & CEO of Tribevest

You’re all here because you want to learn more about the short term rental industry. Maybe you want to get involved, but don’t know how to get started. Turns out, it might be that the best way to get into the world of short-term rentals isn’t to own, but to invest.

Travis Smith is the founder and CEO of Tribevest, which solves a major problem in the world of group investing by making it simple to create and manage your own investment group. Travis and his brothers were looking for ways to be less dependent on their incomes. During the Great Recession, they saw people all around them losing their jobs, and they identified real estate as a way to hack wealth without derailing their careers. They had no experience or education in the field at that time, but their biggest problem was a lack of upfront capital. By going in together as an investor tribe, they secured a future they could never have dreamed of.

If you’re interested in getting a short-term rental started with an investment group, Tribevest makes it easy to get started. Getting people together to agree upon something can be the hardest part of this process. But now, you can have a couple of people download an app and start building out a plan in just five minutes, with full transparency. Send the info to interested friends, family, or colleagues and suddenly things are very real. Once everyone agrees to the rules of the road, newly formed investmed groups can open up a bank account in less than 48 hours. In less than a week, they can put in an offer on a property.

Use promo code TFV50 and receive $50 when you start your tribe!

Resources:

• tribevest.com
• thanksforvisiting.me/invest

• Instagram: @tribevest
• Visit thanksforvisiting.me/workshop to take your hosting to the next level!

• #STRShareSunday: @awayframe