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In this can't-miss throwback episode, Kevin and special guest co-host Chris Lockwood sit down with Joe Riley of Patriot Family Homes, who reveals how he transformed a simple house hack into a booming nationwide short-term rental empire! From the pros and cons to the nitty-gritty details, we cover it all. Whether you're just dipping your toes into the short-term rental game or already have a few properties in your portfolio, this episode is packed with insights that will take your STR business to the next level! Don't miss out—tune in now!"Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."Here are 5 Key Takeaways from this episode:Figure out how to turn everyday things into cash-flowing assetsIf you have an STR, don't sell yourself short to achieve 100% occupancyUse software like PriceLabs to help adjust and track your pricing modelsBuy, Manage, and Arbitrage - the 3 ways to get started in STRs STRs offer much more flexibility than traditional rental units (and cash flow more too)!Honorable Mentions & Useful LinksPriceLabsConnect with Joe:WebsiteEmailDo you want to join a community of like-minded Military Real Estate Investors offering real estate education that actually works while celebrating camaraderie, and competition, and fostering a spirit of support? Introducing ADPI Campus™ - the premiere platform and online space for Military Real Estate Investors worldwide! Podcast listeners can JOIN ADPI CAMPUS FOR FREE now and get in on the action! Helpful ResourcesConnect with the ADPI: Facebook | Instagram | YouTubePlease Subscribe, Rate, & Review on Apple PodcastsThanks for tuning in to this week's episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews has inspired you to pursue your dreams of financial independence, please do me a personal favor and head over to Apple Podcasts, subscribe to our show, and leave us a 5-star review.Support the Show.
Joe Riley, CEO of Patriot Family Homes, discusses the dynamic world of short-term rentals, focusing on challenges and opportunities within this niche. He shares his thoughts on how the short-term rental industry will be impacted alongside economic decisions in 2024 and how owners can maximize profits going into the new year. Key Takeaways: Shift in Business Focus: Joe discusses the strategic shift from acquiring properties to acquiring short-term rental operators, a response to the challenges in real estate acquisitions due to fluctuating home prices, interest rates, and rising operational costs. Market Dynamics and Regulatory Impact: The episode highlights how market regulation levels significantly affect the short-term rental industry. Less regulated areas have seen a surge in supply, impacting investor returns, while tightly regulated markets like Savannah have been more stable. Advice in Maintaining Profitability: For short-term rental owners, Joe recommends diversifying listing platforms, adjusting booking strategies, and targeting medium-term guests during off-seasons to maintain high occupancy and revenue. Joe Riley | Real Estate Background CEO of Patriot Family Homes Portfolio: 550+ short-term rental units in 13 states Based in: Chattanooga, TN Say hi to him at: patriotfamilyhomes.com Greatest Lesson: Find your niche, and stay focused. Become the absolute best operator in that niche that you can be. Check out Joe's previous episode: 2738 - The Innovative Strategy to Scale Military Short-Term Rentals Sponsors BAM Capital
In episode 57 of STR Data Lab, Jamie Lane sits down with Joe Riley, Founder and CEO of Patriot Family Homes. Joe's journey in property management began during his military service, leading to the unique approach of Patriot Family Homes in meeting the specific accommodation needs of military personnel and other traveling professionals. Patriot Family Homes distinguishes itself from other companies with a focus on 'needs-based' short-term rentals, especially catering to military travel which constitutes more than 50% of their bookings. They offer various stay lengths, from more than 30 days for relocations, 1 to 4-week stays for traveling workers, and shorter stays for events like funerals — their most frequent under-one-week booking. Joe also highlights their short lead booking time and discusses the current health of the market, noting fluctuations in demand and the significant impact of supply. Patriot Family Homes manages 550 units across 15 core markets, and Joe shares insights on their growth strategy, which includes increasing supply through third-party management, owning homes through affiliated property companies, and rental arbitrage, in response to high property prices and interest rates. The conversation also touches upon the impact of regulation in different markets, the challenges of working with military lodging regulations, and the importance of looking at real-world occupancy rather than forward-looking occupancy for revenue management. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
Keeping July 4th in mind, we talk with Kate Homme today who is the Chief Growth Officer at Patriot Family Homes, headquartered in Chattanooga, TN. Patriot Family Homes is proud to be a veteran owned company focused on meeting the need for affordable, reliable housing predominantly near military bases in the South. The company is making big waves in the mid-term, short-term and corporate housing space with a 2023 company goal to acquire 1,000 furnished listings this year through acquisition, property management and leasing.Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.patriotfamilyhomes.com/ Patriot Family Homes Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Amy.Wigley41 The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for only $99 per year and no booking fees!
Joe Riley, the founder of Patriot Family Homes, joins Taylor Loht to discuss his journey from military veteran to successful short-term rental investor. Joe talks about how he got started in real estate investing by accident and how he and his wife built their teams and systems while he was actively deployed overseas. He shares his strategy for investing in more affordable homes and markets to yield higher cash flow returns. They also cover topics such as understanding the rental revenue potential relative to the cost of buying homes, sources of tenant demand, the job market, macroeconomic climate, regulatory framework, and home price appreciation. Joe provides insights into how to appeal to construction crews as tenants, the importance of remote team management, historical context when ramping up quickly in a new environment, regulations, cash flow considerations, and seasonal changes. This episode is packed with valuable advice for investors looking to follow in Joe's footsteps and create successful businesses! [00:01 - 06:02] Opening Segment Joe's background and career He and his wife built their teams and systems while he was in the military overseas, actively deployed They focus on run-of-the-mill homes and towns for run-of-the-mill folks They specialize in transitioning traditional long-term rentals into more short-term rentals [06:03 - 11:36] Achieving Passive Income Through Run-of-the-Mill Homes and Markets Allow people to achieve passive income objectives with higher cash-flowing use cases for single-family rentals in the short-term rental context Strategy is targeted towards run-of-the-mill properties and run-of-the-mill areas Focus on a cash flow-based model, looking at rental revenue potential divided by average home value Assess markets based on sources of demand, stability, job market, macroeconomic climate, and regulatory framework Quantify demand drivers using third-party data sources and look for communities with high turnover [11:37 - 16:28] Patriot Family Homes: Building Teams, Systems, and a Mission-Focused Business Construction crews are a likely tenants in certain properties Funerals are the number one reason people stay with Patriot Family Homes Amenities for construction crew tenants focus on parking and beds/heads Utility-style product focuses on durability and functionality rather than style The importance of valuing passion, family, and hard work in a company [16:29 - 22:12] Pros and Cons of Short-Term Rental Investing for Military Families Always underestimate the importance of historical context and overestimate how quickly people can ramp up in that environment The military is not the most entrepreneurial enterprise, but military spouses are some of the most entrepreneurial people Short-term rentals have better cash flow, but higher upfront costs and more unpredictable cash flow [22:13 - 26:33] Closing Segment Best investment: buying Joe and his wife's first house Worst investment: trading Joe's stock portfolio The most important lesson learned: if you got good people that you trust, motivate, and train, they'll make you successful Quotes: "God works things out in interesting ways." - Joe Riley "We don't give people jobs; we give people missions." - Joe Riley Connect with Joe! Website: www.PatriotFamilyHomes.com Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/ Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com. Join our Passive Investor Club to access passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.
Home buying and renting homes come with the territory in the military. Frequent moves lead many of us to buy or rent out of necessity, not because it's our first choice. But how can you turn that lack of control into a way to make money? In this episode, Army veteran Joe Riley shares how you can use short-term house rentals to make money during and after your military career. Joe and his wife are the founders of Patriot Family Homes. They started short-term rentals in 2017 when they listed their home near Fort Benning on Airbnb while Joe deployed to Afghanistan. They quickly realized the need for furnished temporary housing near military bases. So they started saving-up, and by the end of 2018, Rachel and Joe had bought 4 Airbnbs and it's grown since then. The show notes can be found here: https://laceylangford.com/podcast/short-term-rentals-to-make-money/
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Getting transferred while serving in the military can be disrupting to your life, but it can also lead to you owning real estate all over the country. Joe Riley, CEO of Patriot Family Homes, talks about his real estate journey while serving in the military, what he's learned about building teams in real estate, what to look for in a market to see if it's primed for investors' success, and more. Website for PFH: www.PatriotFamilyHomes.com ***Don't forget to leave a review, take a screenshot, and send the picture to podcast@renttoretirement.com to get your $10 gift card and be entered into our $500 closing cost credit to be drawn June 30, 2023*** To receive your copy of Zach's Top 20 Markets to Invest in 2023, email your request to podcast@renttoretirement.com -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Getting transferred while serving in the military can be disrupting to your life, but it can also lead to you owning real estate all over the country. Joe Riley, CEO of Patriot Family Homes, talks about his real estate journey while serving in the military, what he's learned about building teams in real estate, what to look for in a market to see if it's primed for investors' success, and more. Website for PFH: www.PatriotFamilyHomes.com ***Don't forget to leave a review, take a screenshot, and send the picture to podcast@renttoretirement.com to get your $10 gift card and be entered into our $500 closing cost credit to be drawn June 30, 2023*** To receive your copy of Zach's Top 20 Markets to Invest in 2023, email your request to podcast@renttoretirement.com -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist
Joseph Riley has become a master of turning challenges into profitable opportunities. Including building a big real estate startup that has raised hundreds of millions of dollars. The venture, Patriot Family Homes, acquired funding from top-tier investors like TRT Holdings and Miramar Holdings.
Download Gary's 13 Keys to Creating a Multi-Million Dollar Business from https://www.DitchDiggerCEO.com/ Joe Riley (https://www.patriotfamilyhomes.com/) is a military hero and it is an honor to have him on the show. Not only did he serve his country with distinction, but he has also gone on to become a successful entrepreneur. We delve into Joe's upbringing, the reason he joined the military, and his experience serving our country. We also discuss the value of mentorship and how Joe is passing on his knowledge and experiences to help others on their entrepreneurial journeys. In this episode Gary and Joe Riley discuss: 1. Building a Real Estate Empire with Debt and Cash Flow 2. Cap Rate 101 3. Finding Success with a Strong Support System 4. The Truth About Military Bureaucracy and Entrepreneurship https://www.linkedin.com/in/joseph-riley-0ab5a926/ https://www.facebook.com/patriotfamilyhomes https://www.youtube.com/watch?v=OcfSGDdNXpw https://www.instagram.com/patriotfamilyhomes/ https://www.linkedin.com/company/patriot-family-homes/mycompany/?viewAsMember=true https://www.tiktok.com/@patriotfamilyhomes https://www.patriotfamilyhomes.com/podcasts https://www.patriotfamilyhomes.com/ Connect with Gary Rabine and DDCEO on: Website: https://www.DitchDiggerCEO.com/ Instagram: https://www.instagram.com/DitchDiggerCEO TikTok: https://www.tiktok.com/@ditchdiggerceopodcast Facebook: https://www.facebook.com/DitchDiggerCEO Twitter: https://twitter.com/DitchDiggerCEO YouTube: https://www.youtube.com/@ditchdiggerceo
For episode 45 of the ShortTermRentalz podcast, we're joined by Joseph Riley, the CEO of Patriot Family Homes, a veteran owned hospitality and real estate development firm that buys, leases, and manages short term and vacation rental properties across the United States, to learn more how his military career coincided with his venture into hospitality, the impact of Patriot's $60 million Series B funding round, and whether this business model can be replicated in other parts of the world.
There are a lot of ways that this country lets down those who serve. An often overlooked one is that we don't provide affordable, safe, and comfortable housing for them and their families when we ask them to relocate. Often enlisted personnel - and their families - spend months waiting on housing to become available. Kate Dunne and her employer, Patriot Family Homes, are trying to help. They offer reasonably priced AirBNB's designed to accommodate families in longer term stays. Kate talks a lot about their process and her design ethos (comfortable, sturdy, affordable), but mostly about the people they help. Think that travelling around the country decorating homes for veterans sounds like a dream job? Great! They're hiring.... LinkedIn: https://www.linkedin.com/in/katedunne/ Website: https://www.patriotfamilyhomes.com/ Hey! I Want Your Job is sponsored by the resume and career experts at O&H Consulting. Find out more about O&H's services at: https://www.oandhconsulting.com/. This week's episode is hosted by Michele Olivier. --- Support this podcast: https://anchor.fm/heyiwantyourjob/support
A military career involves a lot of traveling and moving. This can be a predicament for families constantly looking for lodging and temporary housing. The team behind Patriot Family Homes dedicated themselves to establishing and operating a myriad of properties that will cater to traveling military families and traveling professionals. In this episode, the Business Development Manager of Patriot Homes, Peter Shull talks about the multi-faceted aspects of Patriot Family Homes, advantages of partnering with them, and the stratospheric growth they continue to experience. Key Takeaways:[01:11] Peter recalls his experience in the army and how that chapter in his life leads him to connect with Joe Riley. [05:00] He shares his background as an army officer, his military career, and his initial desire of understanding real estate investing. [07:52] Peter discusses the multi-faceted aspects of Patriot Family Homes and its mission. [16:47] What it's like to partner with Patriot Homes? What does the structure look like? [20:00] He lists down the advantages of partnering with Patriot Homes instead of owning a property for short-term rentals. [25:37] Is there a particular client or market that they're targeting? [30:59] Peter shares his tips on what properties to pursue and what properties to avoid in the military market niche. [35:38] He elaborates on the progression of the roles or the growth of the company. [41:46] Are there any tools or systems that the organization uses to guide their processes? [45:41] Where is Patriot Family Homes headed? Guest Resources:Website - https://www.patriotfamilyhomes.com/ Email - peter.shull@patriotfamilyhomes.com Show Links: Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Joseph Riley Join your host David Pere and Alex Felice in this episode with guest Will Duffy as he explains why he personally wouldn't do any of the life insurance policies that are so commonly pitched to people today. One thing should be known to anyone being sold a life insurance policy: most insurance agents we have today only sell for one company. And if your insurance agent works under one insurance company, for Will, that's a conflict of interest to be aware of right there. In this episode, Will talks about the two questions you need to ask when being pitched to a life insurance policy, why the infinite banking concept simply doesn't work, and why the bank replacement strategy is better than any bank account. About Joseph Riley Joe founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House Sponsor: Real Estate Investing 101: https://www.frommilitarytomillionaire... Outline of the episode: [03:52] You can't get too far researching tax planning without running across life insurance [05:52] Will Duffy – on most life insurance policies today [10:16] Dissecting the Infinite Banking Concept (IBC) [14:18] What is a captive agent? [17:03] The red flags with direct recognition policies [21:15] What is lost opportunity cost? [25:28] The Bank Replacement Strategy [30:01] About a family who wants to close an off-market multifamily property and do the bank replacement strategy [35:01] David Pere – on making $600 from a whole life insurance policy after five years [38:46] When someone's pitching you life insurance… Resources: Website: https://willduffy.com/ LinkedIn: https://www.linkedin.com/in/willduffy... Roths For The Rich: How to Fund Your Roth With Over $100,000 Each Year, Book by Will Duffy: https://www.amazon.com/gp/product/B07... Compound Interest: 10 Financial Truths to Protect Your Wealth, Book by Will Duffy: https://www.amazon.com/gp/product/B01... Follow The Military Millionaire Podcast's journey on: Website: https://www.frommilitarytomillionaire... YouTube: https://www.youtube.com/c/Frommilitar... Facebook: https://www.facebook.com/groups/17355... Instagram: https://www.instagram.com/frommilitar... Become A War Room Mastermind Group Member: https://military-millionaire-academy.... Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere: https://www.amazon.com/B-S-Guide-Mili... From Zero to One: Real Estate Investing for Beginners: https://military-millionaire-academy.... Grab hold of your 2-Week FREE Trial of Propstream Now: https://trial.propstreampro.com/milit... Sponsor: Real Estate Investing 101: https://www.frommilitarytomillionaire... - Real Estate Investing Course: https://www.frommilitarytomillionaire... Recommended books and tools: https://www.frommilitarytomillionaire... Become an investor: https://www.frommilitarytomillionaire... - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire... Instagram: https://www.instagram.com/frommilitar... Facebook: https://www.facebook.com/groups/milit... - THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.
In this episode of Cash Flow Pro, we talk with Peter Schull, the director of business development at Patriot family homes. Peter went from the military into real estate – specifically the short-term rental market. Today, he will share his views on the market, its difficulties, and advantages. Patriot Family Homes was founded in 2018 after the founders realized the gap in the market and the need for homes for traveling families and professionals. The company is veteran-owned and operated. Its focus is on short-term rentals and has successfully grown from a couple of houses to more than 350 in more than 25 markets. They use industry-leading software and management systems to help you maximize your home's value in the short-term rental market. In this episode, we discuss: • Single-family and short-term rental apartments • Scalability within the market and the role of Airbnb • Dealing with the local government and regulations • How to start "dipping your toes" in the market Make sure to tune in on this episode to find out more! Find your flow, Casey Brown Resources mentioned in this podcast: 1. https://www.patriotfamilyhomes.com/team/peter-shull- 2. https://www.linkedin.com/company/patriot-family-homes/?viewAsMember=true
Today I chat with Joseph Riley from Patriot Family Homes. Joe founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House Episode Spotlights- The journey from one home to 350 homes- Purchasing 25 homes in 6 months- Managing properties across different states - Sourcing, financing, managing properties- Leveraging Local Community Banks- Master leases in single-family spaceConnect with Joe:Website: patriotfamilyhomes.comSocial Handles: @patriotfamilyhomesEmail: info@patriotfamilyhomes.comGrab your freebie - Tips for Multifamily Investing at www.ushacapital.comFound this episode insightful? Show us some love by spreading the word on social media or rating and reviewing the show here - https://podcasts.apple.com/us/podcast/multifamily-ap360/id1522097213Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapital.com
Today we bring you Joe Riley from Patriot Family Homes - an amazing short term rentals company that started working around military bases and has extended to many cities throughout the US. While Joe and his family were part o the military they saw how the constant moving created the need for military families to do something with their homes and all the furniture in it. Patriot Family Homes created an amazing company where college grads, veterans and their spouses can have flexible and remote employment. I was VERY impressed with their setup and their passion for helping veterans and their spouses. You will be inspired to start again - whether after a military career or if like me, you are new to real estate investing and need ALL the tools and resources you can get your hands on. Make sure to follow @Patriotfamilyhomes on the gram and let them know which one was your favorite tip from the episode. As usual, if you or someone you know would make a great guest for the show make sure to apply by filling out this short form: https://bit.ly/rei-friends-podcast-app Make sure we connect via instagram @catherinestoring so you don't miss any of the stories we are sharing about real estate and Cat's REI journey. --- Support this podcast: https://anchor.fm/rei-friends/support
Today, our guest Joseph Riley talks about scaling a short-term rental business for military people. He touches on financing options, marketing strategies, lead generation, tips for finding good marketplaces, expanding the rental company, and balancing labor and capital in business growth. Dive in and gain creative strategies and insights into short-term rentals!Key Takeaways To Listen ForFinancing options for rental propertiesWhat is a good ‘occupancy rate' for a short-term rental portfolio?How to predict the performance of a short-term rental portfolioWays to deal with balancing labor and capital Resources to learn more about short-term rentalsResources Mentioned In This EpisodeAirbnbVrboBooking.comExpediaTripadvisorFree Apartment Syndication Due Diligence Checklist for Passive Investor About Joseph RileyJoseph Riley is the Founder of Patriot Family Homes, a company that meets the need for short-term housing near military bases. Prior to starting this company, Joseph was a captain in the Army, having multiple overseas deployments, and previously served on the National Security Council at the White House. Patriot Family Homes is a veteran-owned and operated company transforming the short-term vacation rental industry by bringing professional management to small towns and big cities alike. They are uniquely positioned to partner with passive real estate investors looking to access the cash flow from short-term rentals without all the headache of managing them! Connect with JosephWebsite: Patriot Family HomesEmail: info@patriotfamilyhomes.com Facebook: Patriot Family HomesInstagram: @patriotfamilyhomesLinkedIn: Patriot Family HomesTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.Dream Chasers PodcastWant to listen to another Next Level Show?Subscribe to DREAM CHASERS | Interviews with the Future Podcast!
This week Joe is joined by Army Veteran and founder of Patriot Family Homes, Joe Riley. Joe started his business while on Active Duty after seeing the need for flexible and reliable housing near military bases. He participated in the Skillbridge Program as part of his transition and now offers internships with his business. Patriot Family Homes provides property management services, short term rental management, and rental properties in over 25 markets. Joe discusses the importance of leaders understanding all aspects of their business and how he overcame challenges in the real estate industry. Check out Patriot Family Homes here. About Our Guest Joe founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House. Join the conversation on Facebook! Check out Veteran on the Move on Facebook to connect with our guests and other listeners. A place where you can network with other like-minded veterans who are transitioning to entrepreneurship and get updates on people, programs and resources to help you in YOUR transition to entrepreneurship. About Our Sponsor Navy Federal Credit Union When you hear the name Navy Federal Credit Union, you probably think that it's just for members of the U.S. Navy. In fact, Navy Federal Credit Union serves all branches of the armed forces, Veterans, and the families of servicemembers. When it comes to buying a car, Navy Federal knows it's a big investment. That's why they offer rates as low as 1.79% APR on new vehicles, along with flexibility with monthly payments and terms. And now, when you refinance your auto loans from another lender, members could save and get $200! Get decisions in seconds and start saving with Navy Federal Credit Union. To earn and save more as a member, learn more at navyfederal.org. At Navy Federal, our members are the mission. Want to be our next guest? Send us an email at interview@veteranonthemove.com. Did you love this episode? Leave us a 5-star rating and review! Download Joe Crane's Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Veteran On the Move podcast has published over 425 episodes. Our listeners have the opportunity to hear in-depth interviews conducted by host Joe Crane. The podcast features people, programs, and resources to assist veterans in their transition to entrepreneurship. As a result, Veteran On the Move has over 7,000,000 verified downloads through Stitcher Radio, SoundCloud, iTunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.
Interview with Joe Riley - From Military to Real Estate Investors - EP_100 I talk to Joe Riley from Patriot Family Homes about his venture into Entrepreneurship and Real Estate Investing starting from his Deployment to Afghanistan. Watch this episode to get Real Estate Tips, how to begin investing in real estate even if it's in small steps and more
Veteran Joe Riley saw an opportunity in the market when he rented his home while on deployment: creating temporary housing for families near military bases. Now with over 300 properties, Joe has continued to grow his portfolio to fit this overwhelming need for military housing. Joe talks about how he created Patriot Homes and how to scale your short-term rental portfolio. Joe Riley | Real Estate Background Founder of Patriot Family Homes, a veteran-owned company that meets the need for short-term housing near military bases. Portfolio: Owner of 300+ properties. Prior to starting this company, Joe was a Captain in the Army, having multiple overseas deployments, and previously served on the National Security Council at the White House. Based in: Chattanooga, TN Say hi to him at: www.patriotfamilyhomes.com Best Ever Book: The Politics of Diplomacy by James A. Baker III Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing
There is a surprisingly high demand for short-term rentals in and around military bases—and a lack of inventory.But can you build an Airbnb business that caters primarily to military families? And how do you market to such a specialized niche?Peter Shull serves as Business Development Manager at Patriot Family Homes, a veteran-owned and operated business that offers affordable short-term and vacation rentals. The Patriot team of veterans and military spouses is uniquely aware of the needs of traveling families and professionals, leveraging their expertise to grow from a single bedroom to 200-plus units in just three years.On this episode of Get Paid for Your Pad, Peter joins me to discuss how Patriot Family Homes got into the military family niche and explain how the leadership skills he learned in the armed forces translate to building a business. He shares the business development strategy his team uses to acquire listings in non-traditional vacation rental markets, describing what he looks for in a STR property and how the Patriot team developed systems to operate at scale.Listen in for insight on finding a ground team of dependable people you can trust in a new market and learn how Patriot Family Homes markets to military families looking for a short-term rental or STR investment property.Topics Covered How Patriot Family Homes got into the military family niche and grew to 200 doors in 3 yearsHow guests benefit from the PFH team being made up of veterans and military spousesThe business development strategy Peter's team uses to acquire utility properties in non-traditional vacation rental marketsWhat Peter looks for in a STR property and the neighborhood where it's locatedHow Patriot Family Homes helps clients find homes to buy as short-term rental investmentsPeter's insight on the systems you need to operate 200 unitsWhy the quality of the STR property itself is less important than the guest interactionPeter's advice on finding a ground team of dependable people you can trust in a new marketConnect with Peter ShullPatriot Family Homes Email peter.shull@patriotfamilyhomes.com Call (423) 210-4431Resources Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia ExpensifyGuestyBill.comExtreme Ownership: How US Navy SEALs Lead and Win by Jocko Willink and Leif BabinGet Paid for Your Pad NewsletterEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.
2 Wealth Show S3 Ep17 – Getting to Know Patriot Family Homes Super E and Justin talk with Joseph Riley of Patriot Family Homes. They discuss the different markets and Joseph gives insight on Patriot Family Homes and how it got started. Key Takeaways: Constant Cash FlowHistory & Processes of Patriot Family HomesEffects of Covid on Occupancy Resources and links discussed Videocast on BrightPath Notes YouTube Channel Videocast on Elizabeth Maora YouTube Channel BrightPath Notes Website - https://brightpathnotes.com Elizabeth Maora LLC Website - https://elizabethmaorallc.com Patriot Family Homes Facebook - https://www.facebook.com/patriotfamilyhomesPatriot Family Homes Instagram - https://www.instagram.com/patriotfamilyhomes/Patriot Family Homes Instagram - https://www.linkedin.com/company/patriot-family-homes/?viewAsMember=trueSponsored By: Integrated Health SolutionsWe are passionate about your health and wellness and we know you want to enjoy a vibrant, pain-free, active lifestyle, but when you are in pain this seems almost impossible.In order to be pain-free, move fluidly, and enjoy an optimal level of functionality, you need a personalized yet integrated, research based and clinically proven approach and that's what we do. To learn more visit us atihsindy.comcryotherapyindy.com About the Hosts Justin Bogard – Note Investor specializing in performing Residential Real Estate Debt. He finds deals and acquires them for his own portfolio as well as educates investors while walking them through the process of owning a Real Estate Note! Super E – Real Estate Investor specializing in short-term rentals and the management of them. She connects investors with short-term tenants and manages everything in-between. Connect with the Hosts: @2wealthshow – Facebook/Instagram @wealth_show - Twitter
GUEST'S BIO Joseph Reilly founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House. HIGHLIGHTS OF THE EPISODE 05:40 Joseph Riley introduction and background 07:16 How Joseph started in the STR industry 09:47 Business models that Joseph are using for his STR business 10:46 Joseph talks about his STR portfolio 12:02 How Joseph managed his business while on an active duty 14:51 Joseph talks about who manages his guest communications 16:37 How Joseph hosts his STRs 19:01 What Joseph buys for his STRs 20:01 2 things that are not included in Joseph's warehouse 20:42 Joseph's target location 21:57 Management packages of Patriot Family Homes 22:57 Systems that Joseph and his team use 23:40 Joseph's vision for his STR business 26:29 Average nightly rate for Joseph's STRs 30:36 Joseph's primary function on his STR business 33:39 Acknowledgments to Joseph 34:15 Where can people connect with Joseph 34:44 Joseph's #1 secret to success with STR NOTABLE QUOTES "We are trying to be really disciplined in learning how to operate and make money in markets where's there's less fat on the bone." - Joseph Riley "Hold onto your guns as to what you know is going to work for your business." - Emanuele Pani CONNECT WITH THE GUEST Joseph Riley: Linkedin Patriot Family Homes CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
GUEST'S BIO Joseph Reilly founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House. HIGHLIGHTS OF THE EPISODE 05:40 Joseph Riley introduction and background 07:16 How Joseph started in the STR industry 09:47 Business models that Joseph are using for his STR business 10:46 Joseph talks about his STR portfolio 12:02 How Joseph managed his business while on an active duty 14:51 Joseph talks about who manages his guest communications 16:37 How Joseph hosts his STRs 19:01 What Joseph buys for his STRs 20:01 2 things that are not included in Joseph's warehouse 20:42 Joseph's target location 21:57 Management packages of Patriot Family Homes 22:57 Systems that Joseph and his team use 23:40 Joseph's vision for his STR business 26:29 Average nightly rate for Joseph's STRs 30:36 Joseph's primary function on his STR business 33:39 Acknowledgments to Joseph 34:15 Where can people connect with Joseph 34:44 Joseph's #1 secret to success with STR NOTABLE QUOTES "We are trying to be really disciplined in learning how to operate and make money in markets where's there's less fat on the bone." - Joseph Riley "Hold onto your guns as to what you know is going to work for your business." - Emanuele Pani CONNECT WITH THE GUEST Joseph Riley: Linkedin Patriot Family Homes CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass
In this episode, Joe Riley of Patriot Family Homes joins Kevin and special guest Co-Host Chris Lockwood to break down how he turned a simple house hack into a MASSIVE nationwide short-term rental business. We talk pros, cons, and everything in between in this one. If you're thinking about getting into the short-term rental game or already have a few STRs working for you, you definitely won't want to miss this one. "Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."Here are 5 Key Takeaways from this episode:Figure out how to turn everyday things into cash-flowing assetsIf you have an STR, don't sell yourself short to achieve 100% occupancyUse software like PriceLabs to help adjust and track your pricing modelsBuy, Manage, and Arbitrage - the 3 ways to get started in STRs STRs offer much more flexibility than traditional rental units (and cash flow more too)!Honorable Mentions & Useful LinksPriceLabsConnect with Joe:WebsiteEmailAre you looking for a loan for your next project? Look no further! Check out ADPI Financial Services for all of your residential and commercial lending needs!No Time...No Worries! Get all the info you need now by texting DEAL to 33777Get your 13-Week Action Journal using this special offer just for our faithful podcast listeners! Need help structuring your future Real Estate Empire? Click this special member's only link to book your FREE Consultation with a Senior Strategist at Anderson Advisors ($2,500 value)!Helpful ResourcesConnect with the ADPI: Facebook | Instagram | YouTubeSchedule a FREE Freedom Coaching Call with MikeReady to TAKE ACTION and begin building your cash-flowing real estate empire? Don't go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy Thinking bigger? ADPI's exclusive Military Multifamily Academy and Mastermind Waitlist is open now! Sign up to reserve your slot in the most comprehensive, affordable, and educational multifamily real estate course on the web! Please Subscribe, Rate, & Review on Apple PodcastsThanks for tuning in to this week's episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews has inspired you to pursue your dreams of financial independence, please do me a personal favor and head over to Apple Podcasts, subscribe to our show, and leave us a 5-star review.Support the show (https://www.patreon.com/adpi)