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TimeOut With The SportsDr. Podcast


Nov 28, 2022

Have you ever wondered how investing in a short-term rental could generate a significant return on investment?

 

A well-known quote says, "Don't wait to purchase land; buy land and wait. Find out where the people are going and buy the land before they get there." Many people were scared of investing and became hesitant to try to put their hard-earned money into a business since returns aren't always guaranteed. However, it only depends on where you place your investment. 

 

Careful and sensible decision-making is needed in determining where to invest. Thus, the idea of a real estate investment comes in. It is reasonable and wise to be discreet before investing in real estate since there can be risks involved.. Nevertheless, it provides significant advantages such as passive income, excellent returns, tax benefits and generating rental revenues. 

 

Dr. Rachel Gainsbrugh is a full-time mother, wife of eighteen years, pharmacist, CEO, and founder of Short-Term Gems. She has established herself in the market as a Luxury Short Term Rental host and coach for busy professionals. Born in Haiti—the poorest country in the Western Hemisphere- and raised in Miami's inner city. Dr. Gainsbrugh was driven to make a difference and not take her parents' sacrifices for granted. She is an immigrant who took a small rental and built it into a multi-property seven-figure real estate business. She has been hosting since 2019 and serves guests in vacation rental markets and those who need short-term housing rentals for business. Today, Dr. Rachel is a healthcare professional by day, a short-term rental investor by night, and a mom 24/7.

 

In this special episode with Dr. Rachel Gainsbrugh, we'll learn about the journey of an empowered Haitian pharmacist who pivoted to become a real estate investor. She aims to promote how to own and operate the fewest number of properties that generate the highest profitability. She made it her life's mission to influence the financial literacy of one million women.

 

"I want to encourage people to take advantage of now because now is the time. Sometimes you have to start by starting. We keep getting ready to start, but we only need to start moving forward." – Dr. Rachel Gainsbrugh

 

 

Topics Covered:

(00:00:00) Introduction + Episode Snippet

(00:00:12) Introducing our special guest, Dr. Rachel Gainsbrugh

(00:00:35) Advertisement: Obtain financial freedom with passive income! TimeOut with the SportsDr. teams up with Dr. Ronnie Shalev of Shalwin Properties to discuss things finance! Join Dr. Shalev's webinar or set up a 1-on-1 call; go to https://www.drderrickthesportsdr.com/sponsors.

(00:02:51) Status more than revenue: What led Rachel to become a pharmacist?

(00:04:22) How Rachel started stepping into entrepreneurship

(00:07:30) Student loans crisis: Zero financial literacy information

(00:08:58) A false sense of wellness: "Worry about it later."

(00:10:41) The need for a lifestyle adjustment

(00:11:52) A worker to being an investor 

(00:12:19) The beginning of Rachel's interest in investing in real estate

(00:15:18) Short-term rental was a big win. 

(00:18:31) Advertisement: Sabre Bats, the training bat that will take you to your next swing. Go to https://www.sabrebats.net to know more.

(00:20:11) Right buyer generates high-value revenue

(00:21:46) What defines a luxury rental?

(00:22:24) Three Cs of modern luxury travel: Communication, Connections, and Convenience

(00:25:00) King sized luxury bed is a default travel luxury bed. 

(00:26:55) The article: "Fifteen Amenities that won't break a bank."

(00:27:27) How many times did Rachel replicate the process?

(00:28:04) Mentorship program: How do people learn from Rachel?

(00:28:40) Final TimeOut with Dr. Rachel Gainsbrugh: How do you advise a person doubting their ability to thrive?

(00:29:13) Take advantage of now: Start by starting.

(00:31:36) Connect with Dr. Rachel Gainsbrugh

 

Key Takeaways:

"As you gain more information, you get smarter, and you will want to work smarter and not harder. You can then leverage other opportunities." – Dr. Rachel Gainsbrugh

 

"Never in a million years can you make a six-figure salary and be able to save a lot if you don't adjust your lifestyle. Sometimes you need to give up your big house, big car trip, expensive food, etcetera." – Dr. Derrick Burgess

 

"We want to invest in something that we understand. I can touch a house, so we went for real estate. But within real estate, there are so many different factors, and there are so many different avenues with which you can invest." – Dr. Rachel Gainsbrugh

 

"You can never know the type of value that you can curate for the right buyer. Since the right buyer may be out there for the value that you're able to curate." – Dr. Rachel Gainsbrugh

 

"If you can curate a way for your guests to connect with nature, as well as connect with those who are with them, that is the vibe they're looking for." – Dr. Rachel Gainsbrugh

 

"If you don't find a way to make money while you sleep, you will work until you die." – Dr. Rachel Gainsbrugh

 

Connect with Dr. Rachel Gainsbrugh:

Website: https://www.shorttermgems.com/

Twitter: https://twitter.com/GratefulPharmD

Facebook: https://www.facebook.com/groups/422973842093365

Instagram: https://www.instagram.com/short.term.gems/

LinkedIn: linkedin.com/in/dr-Rachel-gainsbrugh

YouTube: https://www.youtube.com/channel/UCqbd6q_YI8KI-zyTeBgMjnQ

 

Connect with Dr. Derrick Burgess:

Website: https://www.drderrickthesportsdr.com/

Instagram: https://www.instagram.com/drderrickthesportsdr/

Facebook: https://www.facebook.com/TimeOut.SportsDr

LinkedIn: https://www.linkedin.com/in/derrick-burgess-72047b246/

YouTube: https://www.youtube.com/channel/UCHGDu1zT4K_X6PnYELu8weg

Email: thesportsdoctr@gmail.com

 

This episode of TimeOut with the SportsDr. is produced by Podcast VAs Philippines - the team that helps podcasters effectively launch and manage their podcasts, so we don't have to. Record, share, and repeat! Podcast VAs PH gives me back my time so that I can focus on the core functions of my business. Need expert help with your podcast? Go to www.podcastvasph.com.