When renting out a part of your property, the layout is everything. Setting up your unit can make the difference between having it booked for the whole season or being empty for most of it. This coaching session with our clients discusses how to effectively lay out your unit to maximize renters' interest without compromising your space. Also in this episode: The advantage of having accessible bathrooms  Why having a bare unit is a big problem Protocol with Vivint on moving a unit ...

Nightmare tenants. Unexpected maintenance requests. Confrontations with other hosts, or sometimes your landlords. Dealing with these conflicts is unavoidable, and to survive in the industry, you must learn how to navigate them skillfully without compromising your professional image. During this episode, My guests shared their stories on how they handled these situations without losing their cool. Also, in this episode: What happens when a customer loses their diamond ring Keep your...

When you scale up your real estate empire and acquire multiple properties, hiring a property manager is essential to oversee the day-to-day operations of your investment properties. In this Q & A, I share all my knowledge and tips about property management and property managers to help get you on your way to building your real estate empire. Also in this episode: How many properties one property manager should oversee Why you don't want to be operating as a property manager without a...

On today’s episode, I am joined by Earl Powell and we are talking about the interconnectivity of everything that goes into building your short term rental empire. We also chat about how you can simultaneously make your defense and offense in the game of money.  Also in this episode: The differences between paper gold and actual gold Why I always have gold and silver on hand How to protect your purchasing power Understanding the purpose gold’s actual purpose Subscribe To The Show Apple...

Knowing and understanding the nuances of insurance is essential to building your short-term real estate empire. Not surprisingly, questions about insurance are some of the most frequently asked questions I get from students and coaching clients. In today's episode, my client and I discussed typical situations related to insurance and coverage. In this question-and-answer session, you will find some practical strategies and advice that can be applied to your short-term real estate empire. ...

Securing capital for your short-term real estate industry is one of the most frequently asked questions I receive when speaking with students and coaching clients. In today’s episode, I am taking some of these questions from coaching clients, providing my insight and tips, and teaching you how to prepare your pitch for when it's time to find capital. Also in this episode: The best email that doesn't put you in spam Three steps to create and build your database Entrepreneurs have the...

As inflation has been a topic of discussion lately, we will examine the impact of inflation on your growing real estate empire in today's episode. In this episode, we will discuss ways to better prepare yourself for it. We will also identify its true meaning so that you can be fully equipped to protect your business in the future. What are you doing to prepare your business for the future, unseen events like inflation?  Also in this episode: A brief overview of inflation Thinking of rental...

While there are no shortcuts to wealth - hard work, and determination in renting out your  Short Term Real Estate could be your golden ticket to financial freedom. When building your short-term rental empire, it is important to understand what it takes to run an operation, what skill sets are required, and which skill sets you can hire out for.  Also in this episode: Communication is paramount between yourself and the guest Location is essential, but it's relative to the experience the...

During coaching sessions with my clients, I frequently get asked questions about the day-to-day operations of running a short term rental business. For example, how to decline guests who want to rent your unit, or how to say no while still providing legendary customer service. I also share many other tips and tricks of the short term rental industry. Also in this episode: What it means to have a special insurance policy How to communicate with a guest who won't take no for an answer Why...

During coaching sessions with my clients, I frequently get asked questions about purchasing investment properties in a short sale. In today's episode, I answer questions and analyze a short sale real estate deal to help you make the best decision for your real estate investment and build your short term real estate empire. Also in this episode: When you have enough to have tax write-offs How to negotiate directly with the bank The short sell process Subscribe To The Show Apple Podcasts...

When running a short term rental empire, the location of your property is key. Most people think having a property near the airport is the best location, but it's more complicated than that. People travel for different reasons, and have different needs. In today's episode, I am sharing tips and how to help you figure out who you want to serve, and get you on your way to growing your real estate empire.  Also in this episode: The value of having a short term rental near a playground...

One of the best ways to find new customers is by advertising online. During a call with students, I was asked for advice on making direct bookings through digital marketing. I share advice, tips, and strategies to best help you gain visibility, and start getting direct bookings to build your short term real estate empire. Also in this episode: Using automation to set up advertisements Networking with companies that will directly book from you Why you are wasting your time by building a...

Short term rental industry creates a lot of taxable income, which keeping track and reporting your income to the I.R.S is crucial. During our recent coaching session, I shared some strategies and techniques to ensure all your income is being reported and protect your short term real estate business.  Also in this episode: How to get your effective tax rate down to zero Strategy to get as  many short term rentals How to use saving money as a measurement of success Subscribe To The Show ...

The price of real estate increases in tandem with the inflation rate. Housing and other real estate assets generally rise when inflation increases. In today's episode, we will discuss inflation in order to understand how it works, and how it may affect your real estate business. Knowing what to expect, and how to cope with it, can give you better chances of protecting and maximizing your real estate empire in the long run. Also in this episode: Why you want to own and control the means of...

Rent is your biggest expense when it comes to building your short-term real estate empire. So it is crucial that you answer and understand certain questions, such as how you know if you're paying too much or what type of lease you should get. This will enable you to maximize your profits. During our recent coaching session, I shared some strategies and insights that will help you ensure that you are getting the best price for your short-term rental properties. Also in this episode: How do...

Creating your network is the best way to build your real estate business and not have to be dependent on an algorithm. In today's episode, I will share tips and techniques on the best ways to build your network to get you on your way to growing your own short term real estate empire. Also in this episode: How to reach the market places in your area Nobody does anything alone, you will need to build a team Why you need to build a database of customers Your customers need to have a...

Developing a pricing strategy for your Airbnb rentals is one of the most challenging parts of building your short term rental empire. During a question and answer session with coaching clients, I share insight and what strategies have been the most effective to maximize revenue.  Also In this episode: The role that each platform should play in your strategy  Diversification and pricing on Airbnb What can NPP do for your bottom line Strategies to use to ​​encourage renters to book longer ...

While building your short term rental empire, there are three phases your business will go through. Knowing what to expect will give you time to plan and make informed decisions. That knowledge, combined with my short term rental strategy will put you in an excellent position to build a robust, sustainable, and profitable real estate portfolio and get you on your way to building your short term real estate empire. In this episode You need to learn how to run a business The different...

As your short term rental empire grows, you need to hire more contractors, vendors and employees. It is important that you classify them accordingly to ensure your business runs as smoothly as possible. During a question and answer session with coaching clients, I share insight and tips and break down the intercity of classifications for each hire. In this episode: How to find a human resources representative in your region How each state has different classifications of contractors and...

When you're growing your real estate empire, there is a scenario where your business will grow too fast. During a conversation with a coaching client, I shared advice and strategies on what to do if you end up in a situation where your real estate empire is growing rapidly and how to minimize your risk. In this episode: The best strategies for rapid growth Your risk increases the more investors you are working with As your business grows, your focus needs to switch to updating your systems...

One misconception I hear often is that you need to own property to start a short term rental business. In today's episode, I dispel that misconception and will teach you the first steps to take to start your own short term rental business and get you on your way to building your real estate empire.  In this episode: How to acquire Real Estate using none of your own money or credit Where is the highest and best use of your time?  My origin story of how I got started in the short term rental...

Successfully running a short term rental business requires effective communication with your team. During a Q+A session with a student, I was asked what process I use to communicate in my business. I share why I use Slack, and Trello, to create a communication system.  Plus, I chat about the best way to set up these tools to increase communication and get you on your way to building your real estate empire. In this episode we discuss:  Why I prefer Slack to communicate with my team over...

Starting an Airbnb hosting business is full of rewards and challenges, but is it right for you? I will help you make that decision by sharing everything you need to get started, and the first four steps to take to get on your way to building your short term real estate empire with Airbnb hosting. In this episode: Invest your time into learning new skills You're not in the Airbnb business; you are in the short-term rental business Why you need to attend city council meetings Subscribe To...

During coaching sessions with my clients, I frequently get asked questions about purchasing multi family investment properties. In today's episode, I answer questions on investing in a multi family apartment with over three hundred units and how making an investment with that many units is a different process then purchasing a multi family home.  Also in this episode: Different variables that affect the properties value Why many of your tenants will move out upon purchase Tips on how to...

The short-term rental industry has existed since the civil war.. Unfortunately, I frequently hear in the media the need for short term rentals has stalled and that this "new" industry bubble is about to burst. I chat why this narrative exists, and prove why the short term rental market is not going anywhere. In this episode we discuss: Airbnb is not the only one in the short term rental game Convenience and security are on the opposite side of the spectrum Why Airbnb lack of growth has...