Staying On Track By Having Goals And Milestones With Michael Chang

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Michael Chang is the Co-Founder and Partner at TrustBNB Vacation Rentals. Based in New York, we own and operate a portfolio of short-term rentals in Philadelphia, PA, and the Smoky Mountains, TN. 

Previously, Michael spent over a decade advising leading technology companies, private equity firms, family offices, and venture capitalists as an investment banker. He has advised and executed over $40 Billion in transaction value across 50+ deals.

[00:01 - 01:58] Opening Segment

• We welcome, Michael Chang!
• Michael shares his story of starting out in investment banking and then transitioning into the short-term rental business 

[01:59 - 18:48] Staying On Track By Having Goals And Milestones

• Entering into long-term leases with landlords and then buying properties in traditional vacation rental markets
• Rental arbitrage is easier to run when partnering with owners of large multi-family buildings
• Your net becomes gross, which makes it much easier to pay taxes
• Real estate is designed to defer taxes
• Working from anywhere with a team of remote employees
• Being able to recruit, train, and retain a motivated team
• Market saturation and the COVID-bump

[18:49 - 28:44] THE FINAL FOUR

• What's the worst job that you ever had?
  • Digging irrigation ditches on campus
• What's a book you've read that has given you a paradigm shift?
  • “The Richest Man In Babylon” by George Samuel Clason
• What is a skill or talent that you would like to learn?
  • Learn how to design properties
• What does success mean to you?
  • Michael Chang says, “Success to me means being able to spend as much time as I want with my baby girl and my wife.”

Connect with Michael Chang:

LinkedIn: Michael Chang

TikTok: Michael Chang

Instagram: Michael Chang

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Tweetable Quotes:

“Our ultimate goal is to buy more properties because we believe that the path to long-term wealth because we can use that for Airbnb and not just long-term rentals, which is our own strategy.” – Michael Chang

“When it makes sense to let things go, we'll just let it go. Because we have a number in mind that al

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