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Welcome to the Michigan Short Term Rentals podcast. In this episode, Tony and Jordan discuss the recent headlines about Marriott’s strong earnings and empty Airbnbs over Super Bowl weekend. What does this mean for short term rentals? And why are we talking about Ford and short term rentals? Tune in to find out.
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This editable transcript was computer generated and might contain errors.
Tony Stancato: Welcome to the Michigan. Short-term rentals podcast, My name is Tony Stancato here with my co-host. Jordan painter. What’s up man?
Jordan Painter: Man, living the dream.
Tony Stancato: Yes, sir, man, the sun’s been out for, like, four or five days in a row. Now really liking that just getting closer to busy season, which means money season, you know, we’ve been spending a lot, buying a lot and then spending a lot, getting them equipped. So looking forward to, you know, some good revenue coming in here here soon.
Jordan Painter: Can’t come quick enough. Can’t wait for June ready?
Tony Stancato: But yes, sir. All right. Hey, today we’re gonna do a little bit of a different podcast. We’re actually going to skim over a couple news headlines that have to deal with short-term rentals, midterm, rentals, or just the travel industry in general. Jordan has no idea which ones I have pulled up already. So we’re just gonna riff on these, and get some, some takes from each other on on this. So hopefully enjoy it. Leave us a comment. Let us know what you think. If you want to hear more of these, or if you don’t, don’t ever do these again. That that’s fine too. So News article. Number one, Marriott beats earning estimates as hotel. Booking trends, remain robust.
Tony Stancato: What are your thoughts on that? I know I sent. Yeah, a screenshot of that yesterday but yeah, it sounds like the, you know, Marriott did better than expected based on the the robust travel demand. Now that can be a double-edged sword for, you know, short-term rental industry. Let’s what do you think?
Jordan Painter: I think it’s a great sign of the economy. I think that the there’s a lot obviously a lot more history in the hotel chain industry than there is in or to rental. So there’s a lot more data to go back on to compare it to to past numbers for sure. But I will say, just anecdotally, you know, my wife and I, and our kids are looking to take a trip this, this spring, we actually looked at going over, New Years, to Mexico in the prices are staggeringly higher than what they were for the last couple of years. So, that tells me that the demand obviously is up and it’s it’s a lot stronger. The few places that we actually found.
Jordan Painter: There were within our budget, the ratings were pretty terrible, you know, and and they were still, you know, pretty heavily booked so definitely a lot more people traveling internationally and I think that’s that’s definitely gonna be seen domestically here too. So good. Good news for the industry.
Tony Stancato: Yeah, absolutely. It looks like they made another a half a billion dollars more than they were expecting to in the fourth quarter or the last quarter. So yeah, definitely get thing. I know there’s a lot of talk from people like, Hey people because of all the fees and all of you know, the rules and stuff that host have been putting on. Guess everybody’s going to be moving over to that hotels. What are your thoughts on that?
Jordan Painter: Yeah, it’s funny. I think in in business, in general especially the short-term rental business, there’s a lot of people Who are getting into the industry? Who really have never been self-employed. They’ve never had to deal with customers and it’s funny. I see it for sure, on, on just some of the social media sites and the groups that we’re in people people complaining and very You know, aggressive towards guests towards the platforms and I think there’s all there’s just a lack of understanding of…
Tony Stancato: Are.
Jordan Painter: what business is about and what this business is about and they look at it, like the consumer is their enemy and they treat them that way. And so I think that I think that’s just another sign to me that if you really go at this, with a heart of serving people, and giving a great experience and, you know, offering offering extras and taking care of issues From a business standpoint instead of, Hey somebody’s trashing. My house, I think that there’s gonna be opportunities for the cream to rise to the top. There, there’s definitely again, a little bit more stability with hotels and expectations and a lot more history. But I do think that people still want privacy people want more space. You know, they aren’t, is, is comfortable in a hotel setting, as they are going to be in a house. I think there’s room in the industry for all of it but I do think that if people are careful about how they treat people and the experience that they provide that it is going to have an impact on their business,
Tony Stancato: Yeah, and when I look at my own travel history or how we travel, I mean, if I’m looking for an air, there’s certain times where I’m looking for a airbnb verbal, and there’s certain times where I’m looking for a hotel and it really, you know, there’s really no change in the way I operate. So, if I’m looking for a place for one night, or I’m just passing through, I’m not gonna go get an airbnb for one night because there is a cleaning fee, the cleaning fees, typically the price of a hotel. Now, if I’m gonna travel for three or more nights, definitely looking for something airbnb verbose, so that I can get in and, you know, we can cook our own food. We’re not all cramped up. I mean, I got three kids so staying in one hotel, definitely gets a little crowded, so I don’t really think, you know that,
00:05:00
Tony Stancato: The competition between the two or the exact same. I think they have very different offerings. Now, can you move some people from one to the other? Yeah, I think so. But honestly, the way we operate is just Based on these travel parameters. This is what we’re going to book. So
Jordan Painter: Yeah, I think you nailed it. The we have the this exact same travel habits overnight for, for us as consumers. The whole process of doing airbnb is a bit more redundant, they’re not necessarily as located as, as conveniently as the hotels are right up the expressway. So if we’re traveling we want quick and easy in and out, but I will definitely agree. You know, we’ve got, we have three kids in there, you know? They, they range from seven to almost 17. I don’t want to be sharing one big room with all three of them anymore. Those days are over. And…
Tony Stancato: Yeah.
Jordan Painter: if it’s more, if it’s more than a night, you know, we need, we need to have some privacy. We need to have the kids separated as much as possible and keep peace in the family and it’s it’s a much more enjoyable experience for everybody involved if we’re able to to do that. And even with five a couple nights at all hotels tough, we either have to get two hotel rooms or one with a sweet and you know, so anything beyond a couple nights is pretty comparable to the cost of just getting a House for us. So
Tony Stancato: Yeah, all right headline. Number two, Phoenix, Airbnb manager. Stunned by MT units. On Super Bowl weekend. Some people were tagging me on LinkedIn about this. Some people messaged me, this particular article and I’ll kind of go first on this. I was like, Oh my gosh, you know, this sounds, this sounds terrible, you know, I read it something like it sounded like it was a property manager had 95 units in the article was saying that half of them went uh, unfilled for Super Bowl weekend. So I think it was either Saturday or Sunday. When I came across this article and I was like, Oh shoot, you know, I think the the number one thing I can recommend to people and I see it you know there’s always on social media, there’s conspiracies flying around.
Tony Stancato: Do a little bit of research on your own jump online. In this instance, what I did was, I jumped onto Airbnb. I click entire home, did the filters. I looked there was like, no properties in Phoenix. So I’m like, Where the hell is this coming from? And anybody that believes that that’s to be true? You know, is true because easily just jump on and verify for themselves like Oh, hey, let’s see how many properties there are available in Phoenix right now. And I mean, I’m not kidding. I felt like there was like, less than 30 across the entire Entire Phoenix area. And the other thing is, again, going off of what we just talked about depending on what my Super Bowl, you know, adventure looks like Unless I’m going with a bunch of friends, you know, there’s five or six of us and we’re all looking to stay at a house and play poker and you know have a good time over a long weekend.
Tony Stancato: I’m flying in and I’m going, I mean, I’m going to a hotel, you know, if I’m gonna be there at night or two, I’m going for, I’m gonna get a hotel and then I’m gonna fly back out. So I think it all comes down to kind of What’s the expectations. I love to see some data on. Okay. Well, how about previous? You know, Super Bowls are all the airbnb’s booked up so I don’t know. I thought it was a little quick baby. I didn’t really believe it just based off my own research.
Jordan Painter: Yeah, so good good insight. I would say there. I would have two two main takeaways from. That one is being in the real estate industry I’ve been in for over a decade. It’s always made me crazy the way that they take one small market, even though Phoenix is is a larger market. But they think one one story from a market. And they want to expound that over the universe of real estate or airbnb or short-term rental or whatever it is and act like the sky is falling and you know, they do on these news outlets.
Jordan Painter: It’s could be, they’re trying to get people to read the story, they’ll try to get people to, to talk about it and, and to click the link and to seller advertising and all that stuff. So, a lot of it is, is definitely clickbaity b. Know, your market, You know, I can’t comment about the Phoenix Market. I don’t know anything about it, and I had several people send me that article too, you know, just, you know, kind of indicating that maybe they believe this guy is falling. And there has been other news stories recently about the decrease in demand and some of those things. So I’d say the one takeaway is know your market. Don’t be influence every time you see some kind of on article about the sky is is falling in the the short-term rental market. And there could very well be areas that it’s oversaturated in in some of those owners need to go away. That’s one. Takeaway number two, takeaway that I heard was Hey, man, you you got a glass half fuller, you got a class half, empty half that dudes, airbnbs are full that weekend, right? And So what are you gonna do to be the half? That’s full, right? I can tell you one thing if that’s a market we’re in, we’re
00:10:00
Jordan Painter: Be on the half, it’s full, we’re going to be doing the extra things. We’re gonna have great reviews, we’re gonna have the amenities, people are gonna want to come stay at the 50%. You know, the ones that we have, we’re in that top 50. So, you know, business is about competition in offering a service. It’s valuable to people. You know, get after it, you offer that service. No excuse.
Tony Stancato: Yeah, and and, you know, so for us like even this morning I jumped on Airbnb to just kind of look at what type of properties are available. So I went to July 14th, to the July 21st for eight guests for a week. You know, it’s a week-long booking and I haven’t pulled up right here on my phone and there’s seven properties.
Tony Stancato: Seven properties during Peak Season, in its February, Dude. You know what that means? Once we get closer, I mean, there’s when we started it would literally take you and drop. You down into South, Bend Indiana and South, Bend, Indiana, I love Notre Dame. And you know, used to go there all the time, but South Bend Indiana. It’s very different than Southaven or, you know, Saugatuck all that stuff. So again, huge, I feel like there’s a huge lack of inventory. There was when we started pulling it up right here on Airbnb, seven properties. Now that might change if it’s like, Hey, change it to a weekend, or you change it a few days instead of a week, it might change. But from what I’m seeing on my app right now, there’s seven properties for the week of July 14th, to July 21st in that’s like four months out or something, right? So not following around here.
Tony Stancato: All right, last one. Um, Marshall Michigan is gonna going to be the new Ford Motor Company. EV battery plant. 2500 high paying jobs coming to the city population, like 7,500. What are your thoughts? I actually listened to the Wood TV 8 You know news conference on. It sounds awesome. Sounds like They’re gonna be investing a lot of money. I’ve accidentally gone to Marshall Michigan before very historic looking town. Not not busy, not bustling but I think that’s gonna change. What are your thoughts? You know I think this one comes a little more to the midterm rental um standpoint but what are your thoughts on like major construction projects over many years?
Jordan Painter: Yeah, I think anytime that you’re investing in real estate based on speculation, you have to understand that there is some risk. And so you know there’s certain towns around West Michigan. I won’t necessarily name them here but that have I’ve heard speculation that there. There turns right around the corner, right? Like being a Detroit Lions fan, like, next year’s gonna be our year and some of you She whatever,…
Tony Stancato: This was the year. This was pretty close to the year.
Jordan Painter: so eventually maybe you’re gonna strike gold with that but some of those areas just haven’t really, you know, turned around like people have expected, so you have to be careful.
Jordan Painter: And I’ve realistic expectations, when you’re speculating that type of speculation in. In this case seems to be pretty solid, you know, they’re gonna have a lot of construction going on over the next several years. They’re gonna need those midterm stays. They’re gonna need housing for people that are coming to work towards getting those plants up and running. And then when they’re up and running, they’re gonna need to, to have housing for the people that, you know, are gonna be living there. So there could be a lot of different opportunities depending on what your strategy is. Whether it’s, you know, buying hold, and have a, you know, 250 unit apartment complex or, you know, furnishing a midterm, rental for the next two or three years, really capitalizing on that demand. And then when people are moving there and the values are rising, you know, selling and cashing out. There’s lots of different opportunities in a market like that where they’re gonna have that many employees. So, very exciting and you know, think if people saw that coming six months ago and thought before the announcement came out, they probably get a lot better deals than they’re gonna get now.
00:15:00
Tony Stancato: Yeah. Yeah we drove by a battery plant. Ford Battery plant down in Kentucky and when we were driving by it it was right off the freeway and I was like Is that an airport? I mean we’re in the middle of nowhere. Kentucky and look over and there’s just this big airport looking facility and I’m like What is that? Can you Google that? And so Lindsey Google that for me and turns out it was the battery plan but it’s like when you see something like that and it’s like Okay well it’s out in the middle nowhere. Where are all these
Tony Stancato: Contractors going to stay during the build out of this so similar, you know, Marshall’s probably not as empty as the Kentucky area, that, that I had seen. But again, I think there’s going to be a huge demand for people to come in. Do work contractors, work in engineers, setting up the plant, you know. And from what I could see, it wasn’t like they were flush with places to stay battle creek’s pretty close so that could be a good option for people to commute, I don’t know, 20, 30 minutes into work there. So, um, but I thought I was exciting. I thought it’ll be interesting to see how Marshall Michigan changes over the next few years again, they’re gonna put 3.5 billion dollars into building this, this facility. And I mean, there’s just be a lot of opportunities for housing and short-term rentals and, you know, all that stuff. So, I’ve already email all the surrounding townships to see what
Tony Stancato: Their rules and restrictions are on that. So, Keeping an eye out, see if we can pick something up.
Jordan Painter: You.
Tony Stancato: Maybe over there and do some midterms
Jordan Painter: Yeah, exciting prospects. So yeah, keep keep your eye out there for other opportunities like that and growing areas. And in you could just comes down to having that clear picture of what your your plan is and how you’re going to capitalize and take advantage of opportunities like that. So, definitely, definitely some exciting things happening.Tony Stancato: Absolutely and we’re gonna try to do more of these. So if there’s a topic, a short-term rental topic that you would like us to go over during the podcast, feel free to send them our way. You can connect with us on LinkedIn, Shoot us a message. And we’ll try to give our thoughts on that particular topic. And if you’re not part of the Michigan, Vacation, Rentals, Facebook group, yet, go over there, get in the group. It’s a great opportunity. Great place to learn from other people that are already hosting. Or if you’re a traveler looking to get some good deals on, some, some properties, you can also do that, it’s a great place for hosts and travelers to connect and get some direct bookings and kind of cut out some of those, you know, large fees that you’ll see on other platforms. So until next time
Tony Stancato: Welcome to the Michigan. Short-term rentals podcast, My name is Tony Stancato here with my co-host. Jordan painter. What’s up man?
Jordan Painter: Man, living the dream.
Tony Stancato: Yes, sir, man, the sun’s been out for, like, four or five days in a row. Now really liking that just getting closer to busy season, which means money season, you know, we’ve been spending a lot, buying a lot and then spending a lot, getting them equipped. So looking forward to, you know, some good revenue coming in here here soon.
Jordan Painter: Can’t come quick enough. Can’t wait for June ready?
Tony Stancato: But yes, sir. All right. Hey, today we’re gonna do a little bit of a different podcast. We’re actually going to skim over a couple news headlines that have to deal with short-term rentals, midterm, rentals, or just the travel industry in general. Jordan has no idea which ones I have pulled up already. So we’re just gonna riff on these, and get some, some takes from each other on on this. So hopefully enjoy it. Leave us a comment. Let us know what you think. If you want to hear more of these, or if you don’t, don’t ever do these again. That that’s fine too. So News article. Number one, Marriott beats earning estimates as hotel. Booking trends, remain robust.
Tony Stancato: What are your thoughts on that? I know I sent. Yeah, a screenshot of that yesterday but yeah, it sounds like the, you know, Marriott did better than expected based on the the robust travel demand. Now that can be a double-edged sword for, you know, short-term rental industry. Let’s what do you think?
Jordan Painter: I think it’s a great sign of the economy. I think that the there’s a lot obviously a lot more history in the hotel chain industry than there is in or to rental. So there’s a lot more data to go back on to compare it to to past numbers for sure. But I will say, just anecdotally, you know, my wife and I, and our kids are looking to take a trip this, this spring, we actually looked at going over, New Years, to Mexico in the prices are staggeringly higher than what they were for the last couple of years. So, that tells me that the demand obviously is up and it’s it’s a lot stronger. The few places that we actually found.
Jordan Painter: There were within our budget, the ratings were pretty terrible, you know, and and they were still, you know, pretty heavily booked so definitely a lot more people traveling internationally and I think that’s that’s definitely gonna be seen domestically here too. So good. Good news for the industry.
Tony Stancato: Yeah, absolutely. It looks like they made another a half a billion dollars more than they were expecting to in the fourth quarter or the last quarter. So yeah, definitely get thing. I know there’s a lot of talk from people like, Hey people because of all the fees and all of you know, the rules and stuff that host have been putting on. Guess everybody’s going to be moving over to that hotels. What are your thoughts on that?
Jordan Painter: Yeah, it’s funny. I think in in business, in general especially the short-term rental business, there’s a lot of people Who are getting into the industry? Who really have never been self-employed. They’ve never had to deal with customers and it’s funny. I see it for sure, on, on just some of the social media sites and the groups that we’re in people people complaining and very You know, aggressive towards guests towards the platforms and I think there’s all there’s just a lack of understanding of…
Tony Stancato: Are.
Jordan Painter: what business is about and what this business is about and they look at it, like the consumer is their enemy and they treat them that way. And so I think that I think that’s just another sign to me that if you really go at this, with a heart of serving people, and giving a great experience and, you know, offering offering extras and taking care of issues From a business standpoint instead of, Hey somebody’s trashing. My house, I think that there’s gonna be opportunities for the cream to rise to the top. There, there’s definitely again, a little bit more stability with hotels and expectations and a lot more history. But I do think that people still want privacy people want more space. You know, they aren’t, is, is comfortable in a hotel setting, as they are going to be in a house. I think there’s room in the industry for all of it but I do think that if people are careful about how they treat people and the experience that they provide that it is going to have an impact on their business,
Tony Stancato: Yeah, and when I look at my own travel history or how we travel, I mean, if I’m looking for an air, there’s certain times where I’m looking for a airbnb verbal, and there’s certain times where I’m looking for a hotel and it really, you know, there’s really no change in the way I operate. So, if I’m looking for a place for one night, or I’m just passing through, I’m not gonna go get an airbnb for one night because there is a cleaning fee, the cleaning fees, typically the price of a hotel. Now, if I’m gonna travel for three or more nights, definitely looking for something airbnb verbose, so that I can get in and, you know, we can cook our own food. We’re not all cramped up. I mean, I got three kids so staying in one hotel, definitely gets a little crowded, so I don’t really think, you know that,
00:05:00
Tony Stancato: The competition between the two or the exact same. I think they have very different offerings. Now, can you move some people from one to the other? Yeah, I think so. But honestly, the way we operate is just Based on these travel parameters. This is what we’re going to book. So
Jordan Painter: Yeah, I think you nailed it. The we have the this exact same travel habits overnight for, for us as consumers. The whole process of doing airbnb is a bit more redundant, they’re not necessarily as located as, as conveniently as the hotels are right up the expressway. So if we’re traveling we want quick and easy in and out, but I will definitely agree. You know, we’ve got, we have three kids in there, you know? They, they range from seven to almost 17. I don’t want to be sharing one big room with all three of them anymore. Those days are over. And…
Tony Stancato: Yeah.
Jordan Painter: if it’s more, if it’s more than a night, you know, we need, we need to have some privacy. We need to have the kids separated as much as possible and keep peace in the family and it’s it’s a much more enjoyable experience for everybody involved if we’re able to to do that. And even with five a couple nights at all hotels tough, we either have to get two hotel rooms or one with a sweet and you know, so anything beyond a couple nights is pretty comparable to the cost of just getting a House for us. So
Tony Stancato: Yeah, all right headline. Number two, Phoenix, Airbnb manager. Stunned by MT units. On Super Bowl weekend. Some people were tagging me on LinkedIn about this. Some people messaged me, this particular article and I’ll kind of go first on this. I was like, Oh my gosh, you know, this sounds, this sounds terrible, you know, I read it something like it sounded like it was a property manager had 95 units in the article was saying that half of them went uh, unfilled for Super Bowl weekend. So I think it was either Saturday or Sunday. When I came across this article and I was like, Oh shoot, you know, I think the the number one thing I can recommend to people and I see it you know there’s always on social media, there’s conspiracies flying around.
Tony Stancato: Do a little bit of research on your own jump online. In this instance, what I did was, I jumped onto Airbnb. I click entire home, did the filters. I looked there was like, no properties in Phoenix. So I’m like, Where the hell is this coming from? And anybody that believes that that’s to be true? You know, is true because easily just jump on and verify for themselves like Oh, hey, let’s see how many properties there are available in Phoenix right now. And I mean, I’m not kidding. I felt like there was like, less than 30 across the entire Entire Phoenix area. And the other thing is, again, going off of what we just talked about depending on what my Super Bowl, you know, adventure looks like Unless I’m going with a bunch of friends, you know, there’s five or six of us and we’re all looking to stay at a house and play poker and you know have a good time over a long weekend.
Tony Stancato: I’m flying in and I’m going, I mean, I’m going to a hotel, you know, if I’m gonna be there at night or two, I’m going for, I’m gonna get a hotel and then I’m gonna fly back out. So I think it all comes down to kind of What’s the expectations. I love to see some data on. Okay. Well, how about previous? You know, Super Bowls are all the airbnb’s booked up so I don’t know. I thought it was a little quick baby. I didn’t really believe it just based off my own research.
Jordan Painter: Yeah, so good good insight. I would say there. I would have two two main takeaways from. That one is being in the real estate industry I’ve been in for over a decade. It’s always made me crazy the way that they take one small market, even though Phoenix is is a larger market. But they think one one story from a market. And they want to expound that over the universe of real estate or airbnb or short-term rental or whatever it is and act like the sky is falling and you know, they do on these news outlets.
Jordan Painter: It’s could be, they’re trying to get people to read the story, they’ll try to get people to, to talk about it and, and to click the link and to seller advertising and all that stuff. So, a lot of it is, is definitely clickbaity b. Know, your market, You know, I can’t comment about the Phoenix Market. I don’t know anything about it, and I had several people send me that article too, you know, just, you know, kind of indicating that maybe they believe this guy is falling. And there has been other news stories recently about the decrease in demand and some of those things. So I’d say the one takeaway is know your market. Don’t be influence every time you see some kind of on article about the sky is is falling in the the short-term rental market. And there could very well be areas that it’s oversaturated in in some of those owners need to go away. That’s one. Takeaway number two, takeaway that I heard was Hey, man, you you got a glass half fuller, you got a class half, empty half that dudes, airbnbs are full that weekend, right? And So what are you gonna do to be the half? That’s full, right? I can tell you one thing if that’s a market we’re in, we’re
00:10:00
Jordan Painter: Be on the half, it’s full, we’re going to be doing the extra things. We’re gonna have great reviews, we’re gonna have the amenities, people are gonna want to come stay at the 50%. You know, the ones that we have, we’re in that top 50. So, you know, business is about competition in offering a service. It’s valuable to people. You know, get after it, you offer that service. No excuse.
Tony Stancato: All right, last one. Um, Marshall Michigan is gonna going to be the new Ford Motor Company. EV battery plant. 2500 high paying jobs coming to the city population, like 7,500. What are your thoughts? I actually listened to the Wood TV 8 You know news conference on. It sounds awesome. Sounds like They’re gonna be investing a lot of money. I’ve accidentally gone to Marshall Michigan before very historic looking town. Not not busy, not bustling but I think that’s gonna change. What are your thoughts? You know I think this one comes a little more to the midterm rental um standpoint but what are your thoughts on like major construction projects over many years?
Jordan Painter: Yeah, I think anytime that you’re investing in real estate based on speculation, you have to understand that there is some risk. And so you know there’s certain towns around West Michigan. I won’t necessarily name them here but that have I’ve heard speculation that there. There turns right around the corner, right? Like being a Detroit Lions fan, like, next year’s gonna be our year and some of you She whatever,…
Tony Stancato: This was the year. This was pretty close to the year.
Jordan Painter: so eventually maybe you’re gonna strike gold with that but some of those areas just haven’t really, you know, turned around like people have expected, so you have to be careful.
Jordan Painter: And I’ve realistic expectations, when you’re speculating that type of speculation in. In this case seems to be pretty solid, you know, they’re gonna have a lot of construction going on over the next several years. They’re gonna need those midterm stays. They’re gonna need housing for people that are coming to work towards getting those plants up and running. And then when they’re up and running, they’re gonna need to, to have housing for the people that, you know, are gonna be living there. So there could be a lot of different opportunities depending on what your strategy is. Whether it’s, you know, buying hold, and have a, you know, 250 unit apartment complex or, you know, furnishing a midterm, rental for the next two or three years, really capitalizing on that demand. And then when people are moving there and the values are rising, you know, selling and cashing out. There’s lots of different opportunities in a market like that where they’re gonna have that many employees. So, very exciting and you know, think if people saw that coming six months ago and thought before the announcement came out, they probably get a lot better deals than they’re gonna get now.
00:15:00
Tony Stancato: Yeah. Yeah we drove by a battery plant. Ford Battery plant down in Kentucky and when we were driving by it it was right off the freeway and I was like Is that an airport? I mean we’re in the middle of nowhere. Kentucky and look over and there’s just this big airport looking facility and I’m like What is that? Can you Google that? And so Lindsey Google that for me and turns out it was the battery plan but it’s like when you see something like that and it’s like Okay well it’s out in the middle nowhere. Where are all these
Tony Stancato: Contractors going to stay during the build out of this so similar, you know, Marshall’s probably not as empty as the Kentucky area, that, that I had seen. But again, I think there’s going to be a huge demand for people to come in. Do work contractors, work in engineers, setting up the plant, you know. And from what I could see, it wasn’t like they were flush with places to stay battle creek’s pretty close so that could be a good option for people to commute, I don’t know, 20, 30 minutes into work there. So, um, but I thought I was exciting. I thought it’ll be interesting to see how Marshall Michigan changes over the next few years again, they’re gonna put 3.5 billion dollars into building this, this facility. And I mean, there’s just be a lot of opportunities for housing and short-term rentals and, you know, all that stuff. So, I’ve already email all the surrounding townships to see what
Tony Stancato: Their rules and restrictions are on that. So, Keeping an eye out, see if we can pick something up.
Jordan Painter: You.
Tony Stancato: Maybe over there and do some midterms
Jordan Painter: Yeah, exciting prospects. So yeah, keep keep your eye out there for other opportunities like that and growing areas. And in you could just comes down to having that clear picture of what your your plan is and how you’re going to capitalize and take advantage of opportunities like that. So, definitely, definitely some exciting things happening.Tony Stancato: Absolutely and we’re gonna try to do more of these. So if there’s a topic, a short-term rental topic that you would like us to go over during the podcast, feel free to send them our way. You can connect with us on LinkedIn, Shoot us a message. And we’ll try to give our thoughts on that particular topic. And if you’re not part of the Michigan, Vacation, Rentals, Facebook group, yet, go over there, get in the group. It’s a great opportunity. Great place to learn from other people that are already hosting. Or if you’re a traveler looking to get some good deals on, some, some properties, you can also do that, it’s a great place for hosts and travelers to connect and get some direct bookings and kind of cut out some of those, you know, large fees that you’ll see on other platforms. So until next time
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