American Nomads

Finding and Renting to Remote Workers

By: Erin Spradlin

Narrated by: Erin Spradlin

Length: 3 hrs and 4 mins

Publisher's summary

The future of real estate investing is remote workers.

Airbnb knows remote workers are going to shake up real estate investing, but do you? As of spring 2021, Airbnb has added remote-work specific filters and content to their website to prepare for what Zillow calls the “Great Reshuffling".

As anyone that did Airbnb in 2010 will tell you, being an early adopter of trends pays off. American Nomads will help you understand why remote work is going to impact the real estate market, how to find remote workers, and how to rent to this ideal tenant pool.

Why do Airbnb and Zillow care about remote workers?

• Because of the increase in remote work, 14-23 million people are on the move.
• Thirty-three percent of the returning workforce is threatening to quit if remote work is no longer an option.
• Many remote workers want to test new cities and lifestyles before committing to them.
• Twenty-four percent of Airbnb stays are for over 28 nights, and the Airbnb CEO, Brian Chesky, believes that trend is growing.
• Airbnb is catering to this new trend with their “try before you buy” page and modifying their filters for longer stays, wi-fi speeds, and remote work amenities.

Who will American Nomads help?

If you are an Airbnb host, a landlord, or thinking about becoming an Airbnb host or landlord soon, this book will help you find and rent to remote workers.

As an Airbnb host or landlord, why should you care about remote workers?

• Airbnb is a lot of work, communication, and often has high property management costs. Because remote workers usually stay for two to six months, they require far less work than a traditional Airbnb guest.
• Remote workers pay more than your standard long-term, unfurnished lease, but frequently extend leases and stay for over six months at the higher price point.
• Remote workers are often high-skill, professional tenants.
• As many Airbnb hosts know, your Airbnb investment can be vulnerable to changing city laws, HOAs, and host burnout. Remote workers that rent for over 30 days are an excellent option for people that want to stop doing Airbnb but keep their furnished rental.

What does American Nomads include?

• Checklists for your listings, photos, intake forms, and furniture.
• Interviews with landlords catering to remote workers.
• Interviews with remote workers.
• Practical suggestions for leases, insurance, managing the utilities, allowing pets, and many other great tips.

©2021 Erin Spradlin (P)2023 Erin Spradlin

Brilliant and Informative but perhaps Outdated I think

She clearly knows what she’s talking about with stats to back up her experience on many topics. My only criticism is that there are too many references to Covid so I think although most of this is relevant, as a new comer to this space, I wouldn’t know what is valid or invalid. The book needs updating to the post Covid world.

Realistic perspective without over analyzing.

This book has been written for the novice as well as the experienced. It accounts for behaviors and is not saturated with speculative information. It is balanced and Erin actually emphasizes on the fact she is human and thus has opinions like every other person. Use common sense and it will make sense.
I recommend this read for anyone entering this space that does not want to be a victim of fomo like behavior.

A moment in time

The book captures a perspective that represents a moment in time. Since the book has been written, things have continued to evolve and change. Hopefully the author will update this book at some point. It does have some very good information if you are just starting out. It does not have much content that someone who is already in the space wouldn’t know. If you are a person who is new to this, please seek multiple perspectives. The author provides her perspective and articulates the rationale, but her perspective is not the only perspective on these topics.