EKIP– Expert Club for Economics and Politics A Different Opinion
Dear listeners, in the "fatal" episode of "The Intelligent Investor" our guest is Boris Pavlov - Bulgarian entrepreneur, founder and manager of Flat Manager - a property management company for short-term rentals on the Airbnb/Booking market. We talked with him in depth about the real estate market in Bulgaria and what are the key factors we should pay attention to when buying a property for investment purposes, especially if we want to use it for short-term rentals!
00:20 - Introduction to the topics in the episode and our special guest, Boris Pavlov, founder and CEO of Flat Manager.
6:20 – How did the EKIP Virtual Pension Fund perform in December?
8:30 – Financial and investment news from Bulgaria
16:48 – Macro and Markets (global market news)
29:35 – Fintech news
Interview with Boris Pavlov
34:30 – What is the story behind the founding of Flat Manger?
38:25 – What exactly does Flat Manger do, what services does it offer?
41:10 – What has been happening with the Airbnb market in Bulgaria in recent years?
47:00 – How serious is the impact of the growth of low-cost flights on the Airbnb market in recent years?
48:45 – What are your predictions for the short-term rental market over the next 5 years?
52:38 – Airbnb vs. Booking? What are the differences, what are the pros and cons of each platform?
55:16 – Short-term vs. long-term rental? How do we decide which one is better suited for our property?
57:50 – What are the ideal locations in Sofia for short-term rentals? Are there any such locations that are underrated and why is Zhenskia Pazar one of them?
60:06 – Is the entire northern region of downtown Sofia (between the mosque and Lion's Bridge) a good place for such investments?
63:50 – What are your expectations for the growth of the real estate market as a whole in the short term?
64:38 – What is Flat Manager's new service for mediating the sale of apartments developed for Airbnb/Booking services?
67:30 – Is location the most important factor in short-term rentals? Why is it not a good idea to list an apartment in Lyulin on Airbnb?
68:40 – What are the other most important factors besides location that we should pay attention to when buying a property for short-term rental purposes?
72:54 – From the consumer side – what are the things that attract short-term renters to a property?
75:59 – How do you know when the real estate market is overvalued (or in a bubble) and it's time for a correction?
78:45 – How should Airbnb be regulated by the state, if at all?
86:00 – Question from donors: Does Flat Manager manage to overcome the traditional skepticism of Bulgarians towards new businesses and services, such as "we'll get by with these things"?
90:40 - Question from donors: What is your opinion on Airbnb for work, do you support similar services?
93:20 - Question from donors: Are there any cases when you recommend that clients rent out their properties on Airbnb for a medium-term period, i.e. between 2 weeks and 12 months?
97:56 – Final words.
Links:
Personal Finance 101: Saving and Investing - the lecture that we will hold on January 30th at the "G8" Cultural Center. The lecture is exclusive, only donors to EKIP or members of the Bulgarian Libertarian Society will be admitted. You can become a donor here or a member of the BLS here.
Bulgarian news:
Why did banks in Bulgaria achieve record profits in 2018?
Taxes, income and social security - what's new
Futures on Bulgarian electricity are set
Macro and Markets:
Five Doom Loops to Navigate in 2019
China Has a Dangerous Dollar Debt Addiction
The world's largest hedge fund has achieved a 15% return
‘Flash-Crash’ Moves Hit Currency Markets
Fintech:
German fintech startup N26 becomes Europe's most valuable with $2.7 billion valuation
BlackRock to cut 500 jobs in era of 'significant' change
Revolut PR and Marketing Manager
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