Patrick Donley (@JPatrickDonley) sits down with Sief Khafagi to learn all about how his company, Techvestor, makes investing in Airbnbs simple, passive, and profitable. You’ll learn about his early career at Facebook, how he’s gone about building a vertically integrated short term rental company, what gives Techvestor their competitive advantage, and what trends Sief is anticipating in the STR market.Sief is an ex techie turned real estate investor who has helped thousands diversify into real estate after spending nearly 5 years at Facebook. He’s syndicated acquisitions totaling more than $100M while designing & developing more than 125+ properties. Today, he’s the founder of Techvestor, which helps real estate investors and busy professionals passively invest in the emerging asset class of short term rentals (aka Airbnbs).IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:34 - How Sief was working at Facebook and developed an interest in real estate.03:32 - How working remotely all over the world connected him to the Airbnb world.03:54 - Why he choose against pursuing a long term rental strategy.04:50 - What his early side hustles as a teenager were.07:20 - How he built a Facebook team of over 1000 and applied those skills in building Techvestor.07:31 - How the strategy for Techvestor came about.09:26 - What the biggest challenges were in building Techvestor.11:02 - What gave him the courage to start a new venture.16:46 - How he found great people to join the team at Techvestor.19:25 - How Techvestor makes investing in Airbnbs simple, passive, and profitable.20:23 - How they use data analytics to find the best properties to add to their portfolio.22:39 - Why they were forced to vertically integrate.24:42 - How to amenitize Airbnb properties.25:21 - How they get development-like returns without taking on development-like risks.32:16 - Why having fixed rate debt is an advantage for them.33:49 - What Techvestor’s exit strategy looks like.37:35 - What are the trends Sief is seeing in the Airbnb space.41:34 - What are some of the reasons they generate higher returns.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Everything Guide to House Hacking by Robert Leonard.Related episode: Listen to REI175: An Insider’s Guide to Airbnb w/ Taylor Jones or watch the video.Related episode: Listen to MI288: Experiencing Unique Stays w/ Ben Wolff or watch the video.Compounding Podcast w/ Richard Fertig.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Your home might be worth more than you think. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Enjoy an all-in-one personal finance app that gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more, with Monarch Money. Get an extended thirty-day free trial today.Be confident that you’ll be