Multifamily Podcast Network

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?
  • 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 allows us to accomplish our goals.” – Michael Chang

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