Our guest on today’s episode finds himself in a unique market space by working towards reducing vacancies through creating pop-up short-term rentals. On the show, we welcome Alvin Cavalier, also known as Coach Cav, the owner of Your Space LLC, a company that manages your spaces, investor relationships, produces coaching programs and outreaches, as well as oversees its investor network. Alvin has been involved in real estate investing for over 10 years and has extensive experience in short-term rental, acquisition, property management, and traditional owner financing deals.
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As a principal of Your Space LLC, Alvin continues to leverage his organizational leadership experience to create investments in deals for both new and experienced investors. Alvin currently serves in the US Army as a Modeling and Simulations planner for future systems. He has experience and leadership, ranging from Nursing, Engineering to Modeling and Simulations mastered problem-solving, outside the box (Creative) planning, and setting people up for success. Those skills are highly applicable in real estate. His goals are to create opportunities and educate investors. He desires long term to coach, consult, advise, and prepare tax strategies for real estate and shared economy investors. Tune in as we dive into how Alvin and his team are leveraging short-term rentals to reduce vacancies, and so much more!
Key Points From This Episode:
- Alvin shares more about his background and what he is up to.
- How thinking through turning units into short-term rentals could help your large multi-family portfolio.
- The process behind turning rentals into short-term rentals: Storing your furniture and keeping it simple.
- How to market that to that group of people and be successful in the short term rental space.
- Why they aggregate their properties at Your Space.
- Alvin talks about the different actions to take to turn on your short-term rental reservations: Channel Managing Systems.
- The importance of getting a solid housekeeping team in place.
- Crucial team members for short-term rentals: Cleaning and building a detailed checklist.
- How Alvin manages his real estate business while serving full-time in the US Military.
- He explains what a partner host is.
- Preparing for a downturn — building unique market value.
- Alvin’s predictions for the market, particularly in regards to his niche, over the next 6-12 months.
- The importance of your team and building partnerships in Alvin’s success.
- How Alvin gives back through educational vehicles.
[bctt tweet=”One of the unique things that we do working with real estate investors, more particularly multi-family real estate investors, is helping reduce vacancies through creating what’s called pop-up short-term rentals. And that’s simply having the ability to leverage our services and processes, processes and services, and bring them to a multi-family property to help reduce vacancy rates. —@YourSpace010″ username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Alvin Cavalier
Alvin is the owner of Your Space LLC and manages Your Space’s investor relationships, coaching program, outreach as well as oversees its investor network. Alvin has been involved in Real estate investing for over ten years and has extensive experience in Short Term Rental (STR) acquisition, STR property management, and traditional owner financing deals. Alvin and his Your Space Team has invested in over 60 Airbnb and Sharing Economy Investments across the US. As a real estate investor, he has facilitated property acquisition, consultation, and investor outreach, as an active investor with Your Space LLC. As the Principal in Your Space, LLC, Alvin continues to leverage his organizational leadership experience to create investments and deals for both new and experienced investors.
He is a SUPER FAN of the sharing economy, all the side hustle/gig services. His goal is to leverage the sharing economy and promote accessibility vs ownership. Your Space is investing in new concepts in the sharing economy world by leveraging a range of services that tie directly into Airbnb i.e. Peerspace to host events, Turo rental cars, InstaCart grocery services, and mobile massage services to name a few. They are looking to change the way people think about Airbnb and provide multi-purposed spaces that generate outsized returns. Their short-term rental acquisition model is quite unique in that we offer homeowners and investors long-term lease agreements to sublet their homes through Airbnb and other sharing economy platforms.
They are rebranding what we know to be ‘Co-host for Airbnb’. The term is called a Partner-host. Partner-host will focus on helping clients grow their business through Y|S Coaching and their exclusive Your Space professional pricing tool that they created for all sharing economy services hosts. Alvin currently serves in the US Army as a Modeling and Simulations planner for future systems. He has experience and leadership, ranging from Nursing, Engineering to Modeling and Simulations mastered problem-solving, outside the box (Creative) planning, and setting people up for success. Those skills are highly applicable in real estate. His goals are to create opportunities and educate investors. He desires long term to coach, consult, advise, and prepare tax strategies for real estate and shared economy investors. Alvin holds a B.A. from Trident International University in Health Care Management. Alvin is originally from New Orleans, LA, and currently resides in Louisiana with his wife Joyce and kids Jordan, Jada, Joi, and Alvin Jr.
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