NJ Real Estate developers Bret Morgan and Denis Shapiro join the Passive Cash Flow Podcast to explain how they are taking 9 run-down cottages near the beach in Bradley Beach NJ, renovating them, and turning them into short-term rentals. These experienced investors explain how they deal with a town that does not want short-term rentals and the biggest challenge when renovating older properties. Short-term rentals (Air BnB) properties can be cash-flow machines but they need to be in the right location and renovated properly. Although these two developers have run into their fair share of challenges, they are grinding forward and have big plans for Bradley Beach and other attractive NJ shore locations. Grab your margarita and enjoy!
00:46 Short Term Rentals Down The Jersey Shore
05:06 Plans for Short term rental community
09:02 Seasonal Markets
12:08 Climate change and real estate
15:29 Biggest lessons in real estate
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