Tamara N. Jones is the CEO & Founder of Bucket List Stays LLC-bucketliststays.co. She has been learning from Short Term Rental experiences worldwide since 2015. In February 2018, she started managing her first vacation property in Tybee Island, GA while growing local partnerships. Today she has forged relationships in 13 different cities with the locals whom today provide her cleaning, maintenance, transportation, and entertainment services for her guest. With diverse backgrounds in finance, technology, and newly obtained local knowledge. Her company and the team of Bucket List Stays has continued to significantly increase revenue and vacation properties under management domestically and internationally.

Bucket List Stays - bucketliststays.co is an owner-operated business that creates profitable investment opportunities for investors looking for passive income streams through sustainable real estate projects and partnerships with land and homeowners, thus reducing tenant/landlord inefficiencies, high turnover rates, and excessive damage.

In addition, also provides full-service management to property owners worldwide including Property Management, Online Services, Vacation Rentals marketing, and Community Growth. Bucket List Stays offers a variety of short-term and long-term leasing options in the United States and internationally. Santa Fe, Tybee Island, New Orleans, Fleming Island, and the Dominican Republic are among the most popular destinations.

In this episode, Tamara discusses the importance of being prepared for communication with local governments when investing in a short-term rental. From having a PowerPoint presentation ready to show the potential benefits of your project, to visiting the county or municipal development department to get buy-in and create policies. She talks about the risks associated with investing in tiny home communities and how understanding how to properly classify and permit a tiny house is key to success. She discusses how to research a foreign country before investing, including considering the local culture and resistance to technology. To learn more about Tamara and her work, listeners can visit Bucket List Stays!

[00:01 - 03:34] Navigating The Challenges Of Tiny Home Communities

• Tamara shares her tips when investing in rural areas

• It is best to go in with a slideshow to show what you are bringing to the country

• Create a PowerPoint template to get buy-in from the development department and build a policy around what you have created

[03:35 - 11:28] Exploring The Risks And Rewards Of International Short-Term Rentals

• Tiny houses are a great idea, but it is important to identify where to park them and get the proper classification from the country
• Connecting the tiny house to the grid is as important as where you park it
• Investors are taking old mobile home parks and flipping them into tiny home communities because the connections are already there
• It is important to create a diversify in markets for tiny homes in order to balance out the risk that comes with having a short-term rental
• Location still matters when it comes to short-term rentals
• Culture must be taken into consideration when entering a foreign market
• Resistance against technology must be checked before transferring systems

[11:29 - 15:58] Closing Segment

• Tamara recommends outsourcing labor overseas because it is cheaper but comes with worries

• To learn more about Tamara and her work, listeners can visit Bucket List Stays!

Tweetable Quotes:

“You have to be careful with tiny homes because people think tiny houses are a good idea and they are great, but one of the things you have to get ahold of right away is where are you going to park it? Because a lot of times it's simply that the county does not know how to classify that tiny home.” – Tamara Jones

“Location still matters. Yes, you can get away with somewhere where maybe it doesn't have historical data as performing well or demand coming there. But guess what? You need a lot more time to build up that audience for your returns. If you want to give that asset the best start possible, you still need to take into consideration the market and where it's at.” – Tamara Jones

You can connect with Tamara Jones through her:

Website: Bucket List Stays

LinkedIn: Tamara Jones

Instagram: Bucket List Stays

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