How to Turn a Passion for Real Estate and Travel into an Investment Platform for Millennials with Getaway CEO Ali Nichols
Real Estate is one of the best ways to build wealth, and travelling is a great way to spend it! What if there was a way to combine both of those ideas into a single platform? Our guest today is Ali Nichols, Co-Founder of Getaway, who thinks she has figured out a way to combine both of those passions for millennials.
On today’s show, we cover how Getaway is combining the demands of younger generations to not only invest in real estate but also enjoy the perks of that investment along the way.
About Ali Nichols:
Ali Nichols is the Co-founder and Co-CEO of Getaway. Prior to founding Getaway, Ali spent over 4 years as an executive at Bungalow, a technology-enabled residential real estate company, where she ran Operations, Growth, Marketing, Sales, and Real Estate. She spearheaded raising and operating a $700M real estate fund focused on acquiring single-family rentals. Before that Ali was a Strategy & Planning Sr. Manager at Uber and a Consultant at IBM. She holds a Bachelor of Science from Carnegie Mellon University.
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In this episode we discuss:
(02:33) Ali’s journey into tech
(04:56) Ali’s experience at Uber
(05:46) Where Ali’s passion for Real Estate developed
(07:35) Uber’s real estate division
(10:03) The biggest takeaway from Uber
(11:12) Ali’s time at Bungalow and helping it grow
(13:52) Bungalow’s model for sourcing
(15:18) Why she started Getaway
(19:11) Finding her co-founder and why their partnership works
(23:03) Why vacation rentals is an exciting asset class
(26:11) Who Getaway is targeted at
(28:09) How this is different from a traditional timeshare
(29:56) How Getaway actually works
(32:21) Target annual returns to users on Getaway
(35:03) Plans to build out their portfolio of Real Estate holdings
(36:53) What Getaway is doing with their recent $5.9M raise led by Cowboy Ventures, XYZ, and Night Ventures
(37:59) Benefits from having a strong network of angel investors
🎙- Favorite Podcast: All In
📰- Favorite Newsletter/Blog: Lenny
📲- Favorite Tech Gadget: Airpods
📈- Favorite New Trend: Fractional real estate investing
📚- Favorite Book: To Kill A Mockingbird
🤔 - Favorite Life Lesson: You'll always catch more flies with honey than vinegar
Podcast production support provided by Agentbee.Agency