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We chat with expert Rich Munroe! Rich has been navigating the tricky world of short-term rentals for years, and he's here to share his tips on how to succeed, even with all the new rules and changes. Rich talks about how to build a successful Airbnb business, where to invest, and how to handle all the new regulations popping up in cities. Watch now to learn how you can thrive in today's Airbnb market! ======================== ======================== ================= Want to grow your real estate investing business and portfolio? You're in the right place. Welcome to the Property Profits Real Estate Podcast
Rich shares his experiences building and running shipping containers that have renovated into beautiful AirBNB's Rich Monroe
In this special Regulatory 911 episode, we sit with 5 amazing guests representing Unincorporated Clatsup Couty Oregon, Atlanta Georga, Marco Island Florida, and Steamboat Springs Colorado to discuss the ongoing problems they are facing regarding short-term rentals in their municipalities. Vacation Rental operators Brian Olsen, Marie Gwydir-Moore, Rich Munroe, Mark Morze, and recently exited operator Sarah Bradford bring a wealth of knowledge to this conversation. Rules are changing by whims and the hard hand of government and our guests talk about what it's like on the front lines. Data is the name of the game and how we interact with our elected officials (the dance) plays a huge role in our success. If you have the means to help reach out (links on our website) as they're trying to help pave the path for the industry to flourish. From proposals that are being voted on to how you can help bring change to your area... it all get's discussed This episode is brought to you by our sponsors at Beyond and Casago! Beyond Special Offer: https://go.beyondpricing.com/no-bs Free Portfolio Assessment $30 credit when you sign up Casago Special Offer: Go to casago.com/nobs to book your discovery call! A review of your business' operating expenses to identify where you can save money Information on how to partner with Casago to scale your company Free $100 Amazon gift card for attending our 1-hour discovery call Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special Regulatory 911 episode, we sit with 5 amazing guests representing Unincorporated Clatsup Couty Oregon, Atlanta Georga, Marco Island Florida, and Steamboat Springs Colorado to discuss the ongoing problems they are facing regarding short-term rentals in their municipalities. Vacation Rental operators Brian Olsen, Marie Gwydir-Moore, Rich Munroe, Mark Morze, and recently exited operator Sarah Bradford bring a wealth of knowledge to this conversation. Rules are changing by whims and the hard hand of government and our guests talk about what it's like on the front lines. Data is the name of the game and how we interact with our elected officials (the dance) plays a huge role in our success. If you have the means to help reach out (links on our website) as they're trying to help pave the path for the industry to flourish. From proposals that are being voted on to how you can help bring change to your area... it all get's discussed This episode is brought to you by our sponsors at Beyond and Casago! Beyond Special Offer: https://go.beyondpricing.com/no-bs Free Portfolio Assessment $30 credit when you sign up Casago Special Offer: Go to casago.com/nobs to book your discovery call! A review of your business' operating expenses to identify where you can save money Information on how to partner with Casago to scale your company Free $100 Amazon gift card for attending our 1-hour discovery call Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special Regulatory 911 episode, we sit with 5 amazing guests representing Unincorporated Clatsup Couty Oregon, Atlanta Georga, Marco Island Florida, and Steamboat Springs Colorado to discuss the ongoing problems they are facing regarding short-term rentals in their municipalities. Vacation Rental operators Brian Olsen, Marie Gwydir-Moore, Rich Munroe, Mark Morze, and recently exited operator Sarah Bradford bring a wealth of knowledge to this conversation. Rules are changing by whims and the hard hand of government and our guests talk about what it's like on the front lines. Data is the name of the game and how we interact with our elected officials (the dance) plays a huge role in our success. If you have the means to help reach out (links on our website) as they're trying to help pave the path for the industry to flourish. From proposals that are being voted on to how you can help bring change to your area... it all get's discussed part 2 drops tomorrow. This episode is brought to you by our sponsors at Beyond and Casago! Beyond Special Offer: https://go.beyondpricing.com/no-bs Free Portfolio Assessment $30 credit when you sign up Casago Special Offer: Go to casago.com/nobs to book your discovery call! A review of your business' operating expenses to identify where you can save money Information on how to partner with Casago to scale your company Free $100 Amazon gift card for attending our 1-hour discovery call Learn more about your ad choices. Visit megaphone.fm/adchoices
In this special Regulatory 911 episode, we sit with 5 amazing guests representing Unincorporated Clatsup Couty Oregon, Atlanta Georga, Marco Island Florida, and Steamboat Springs Colorado to discuss the ongoing problems they are facing regarding short-term rentals in their municipalities. Vacation Rental operators Brian Olsen, Marie Gwydir-Moore, Rich Munroe, Mark Morze, and recently exited operator Sarah Bradford bring a wealth of knowledge to this conversation. Rules are changing by whims and the hard hand of government and our guests talk about what it's like on the front lines. Data is the name of the game and how we interact with our elected officials (the dance) plays a huge role in our success. If you have the means to help reach out (links on our website) as they're trying to help pave the path for the industry to flourish. From proposals that are being voted on to how you can help bring change to your area... it all get's discussed part 2 drops tomorrow. This episode is brought to you by our sponsors at Beyond and Casago! Beyond Special Offer: https://go.beyondpricing.com/no-bs Free Portfolio Assessment $30 credit when you sign up Casago Special Offer: Go to casago.com/nobs to book your discovery call! A review of your business' operating expenses to identify where you can save money Information on how to partner with Casago to scale your company Free $100 Amazon gift card for attending our 1-hour discovery call Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we are going to talk about one of the booming sectors of real estate - short-term rentals. I have two of the best - Mike Hicks and Rich Munroe. If a town is big enough for a motel or hotel, it’s big enough for a short-term rental. That’s right - you can put an AirBnB or a VRBO almost anywhere. Or you can create a special experience. Rich Munroe is an AirBnB Superhost and trainer. Mike Hicks is a real estate investor who has built tiny house short-term rental units out of shipping containers. We will get their insights and you will get some ideas that could create your next investing strategy. They joined me recently on one of our live streams and I’ve captured some of that interview for you today.
1977 Springfield College Wrestling Alumnus, Hall of Fame Coach, and State Championship Coach, Larry "the Legend" Tremblay joins the PrideCast! A standout athlete at North Reading High School and Springfield College, Lawrence Tremblay is affectionately known as "the Legend" in the Massachusetts wrestling community. Along with his larger than life persona, his accomplishments place him among the most accomplished high school coaches in the nation. Tremblay is a Hall of Fame Coach and has been recognized by the North Reading Football Hall of Fame, Winchester Wrestling Hall of Fame, Massachusetts Wrestling Hall of Fame, New England Wrestling Hall of Fame, and the Massachusetts Chapter of the National Wrestling Hall of Fame in Stillwater, Oklahoma. Tremblay currently serves as the head wrestling coach at Melrose, where he led the Red Raiders to an MIAA Division 3 state championship in 2020. Prior to assuming the role at Melrose in 2018, Tremblay was the head coach at Winchester for 38 seasons. With four decades of coaching experience under his belt, Tremblay has amassed over 760 wins, over 25 league titles, coached six all-americans, and won four state tournament team titles, and five state dual meet championships. In his tenure, Tremblay has coached many wrestlers that have went on to impact the world in numerous ways. Most notably, former Winchester wrestler and current WWE superstar, Kofi Kingston, and Glen Doherty, a former Navy SEAL and Outstanding American Award winner who gave his life in service to our country. At Springfield, Larry "the Legend" Tremblay wrestled for the Pride's all time winning coach, Doug Parker. Parker was a father-figure to Tremblay and his teammates and molded them to be a powerhouse that won four New England titles. Individually, Tremblay won the 1976 Saratoga Open and qualified for the NCAA Division II Championships twice. The Legend also shares how his wrestling experience was positively influenced by Doug Parker's Assistant, Jim Anderson and his teammates. Some of which were Ed Gibbons, Vic Bueller, Thomas Lachiusa, Rich Munroe, Nick Porillo, Doug Leroy, Sean Bilodeau, Jay Mulligan, Bill Fiore, and Olympic champion Jeff Blatnick.
Now more than ever the vacation rental market is booming! In this week's new episode Joe will talk with Rich Munroe from Diamond Edge Properties. One of Diamond Edge Properties' focus is the short term rental market, they specialize in short term rentals in the Atlanta Metro Area. Their goal is to allow business travelers and families to experience what it is to live like a local. Rich is going to discuss how to successfully list your rental property on the major sites such as Airbnb and VRBO. Why staying in a short term rental for business travelers and families is more alluring than a hotel stay. And most importantly what factors you need to consider before you purchase a property for short term rentals. Connect with Joe Robert: Joe@robertventures.com Find him on all social platforms at @JoeMRobert Enjoyed the podcast? Be sure to subscribe on Apple Podcasts and leave a review. We love to hear your feedback and please share this with others who would benefit.
I had the special honor of speaking with Rich Munroe, founder of Diamond Edge Properties, a tax lien real estate investment company that has shifted it's focus to primarily short term rental management and master lease investing in the Atlanta, Georgia area. In this episode, Rich shares his experience of starting his real estate flipping company, how tax lien investing works, why the switch to focus on short term rental management, and why Rich's strategy involves acquiring the largest properties in the area to master lease.
When people think about real estate, they often think about flipping houses or long-term renting homes — but the short-term rental industry has really blown up, spearheaded by the growth of Airbnb. At this point, most of you have probably stayed in an Airbnb or at least heard of it. The service has really transformed the way people travel all across the world. And while a lot of people look at Airbnb as a side gig renting their own home, it’s possible to build a very successful company that specializes in short-term rentals. Today, Rich Munroe is going to share how he got started in the short-term rental space and what you should know about regulation in the space before you start renting. We tell stories about: [4:15] The advantages of the short-term rental model [7:00] What you need to know about regulation [12:30] The biggest burden for short-term renters right now [16:10] What is Rich’s favorite job in the industry? [20:30] Arbitrage Vs. Ownership [28:00] Rich’s workshops on short-term renting and arbitrage [32:00] Leveraging technology for short-term rentals To learn more, and for the complete show notes, visit: reisociety.com (https://www.reisociety.com/) Resources: Diamond Edge Short-Term Rentals: diamondedge.guestybookings.com (http://diamondedge.guestybookings.com) Facebook Group: Atlanta Short-Term Rental Investors (https://www.facebook.com/groups/2362729307294400/) Short Term Rental Association Of Georgia: stroaga.org (https://stroaga.org/) LinkedIn: www.linkedin.com/in/richmunroe (https://www.linkedin.com/in/richmunroe/) Optimize Your Airbnb: The Definitive Guide to Ranking #1 in Airbnb Search (https://www.amazon.com/Optimize-Your-Airbnb-Definitive-Ranking/dp/099971550X) by Daniel Vroman Rusteen The REI Society Podcast is a production of (http://crate.media)
I was asked about three years ago if vacation rentals were a good idea and my answer was based on the numbers at the time. My answer was “only if you want a vacation home and want a little help defraying some of the expenses.” I did not believe it to be a money-maker. That all changed - probably within the next 18 months as short-term rental sites such as VRBO, HomeAway and AirBnB took over. AirBnB dominates this industry and provides an interesting alternative for travelers while at the same time represents significant earning potential for the owners and operators. The growth of AirBnB and in fact this entire industry has been phenomenal and it seems that the company founders have handled this explosion with a good plan, solid management, and responsive leadership. But it hasn’t been and isn’t going to be problem free. Some of the neighbors to these properties have begun expressing concern, filing complaints with governing bodies, and even worked to get an outright ban on the short-term rental industry. This poses some interesting legal questions in terms of private property rights and has set the stage for battles that may take years to resolve. Short term owners are uniting to fight back. Joining me today are Pat Odell, Executive Director of STROAGA, the Short Term Rental Owners Association of Georgia and one of her Board members, Rich Munroe, who was on the show recently. This group was formed to be an advocacy group seeking balance, reason, and respect for property rights in defense of the short term rental industry. They will join us shortly. I have some questions stacked up to answer and we are going to get to some of them today as well. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Guest: Pat Odell and Rich Munroe STROAGA.org edstroag@gmail.com Lawsuit mentioned: May vs Morgan Matt Dollar Cobb County GA Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News: Your Questions: Send emails to questions@rogerblankenship.com Alana, Phoenix, AZ, “I have a property under contract and with three days to go until closing my seller notified me that they are cancelling the agreement and going with another offer. Can they do that?” Alison, Milwaukee, WI, “What do you look for in a Property Management company?” Character and reputation Not necessarily the lowest fees, but not more than 10% either. Do they have in-house repair crew? (that’s a no-go) Will they give me the option to make repairs with my crew? (ok then) What is their reporting procedure? How do they handle late payments? What happens when they evict? They handle the eviction. If in the first 12 months, do they offer a break or discount on placement fee of new tenant? (kind of important) We have sent you our free guide to hiring Property Management. Garrett, Boulder, CO, “I think my property is priced correctly but it’s not showing. What could I be doing to market it better?” Utembe, Minneapolis, MN, “Can you put me on your VIP buyers’ list for the inexpensive houses?” (I need you to go to bit.ly/inexpensivehomes and click the link there. That will put you on the list.) Serena, Jacksonville, FL, “I’m about to buy a property to put into AirBnB service. I am concerned about the future with all of the legal issues coming up. What would you do in this situation?” Rashidi, Marietta, OH, “I am looking at an older house to buy and got ahold of the survey. The house appears to be sitting about 8 feet in front of the setback line from the street. I look up and down the street and this house is no closer to the street than any of the others. How can the survey be correct? And if I buy this property will I have to tear it down or will I be allowed to expand it. I was going to take the roof off, put on a second floor.” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “I will love the light for it shows me the way, yet I will endure the darkness because it shows me the stars.” - Og Mandino
FAR 268 Notes Rich Munroe AirBnb Opening: Short Term rentals are a hot topic right now. Today we are doing the first of a two part series on them with a focus on AirBnB. Our guest is Superhost Rich Munroe of Diamond Edge Properties. He has his own properties and manages properties for other AirBnB hosts. He’s coming along shortly to discuss the ins and outs of short term rentals and help us understand the amazing potential of this investing method. And do you know what an AVM is? You should, because it’s about to be involved of 70% of single family home transactions. The acronym stands for Automated Valuation Model. The problem is - AVMs are generally unreliable and can often create problems rather than solve them. I will explain. Realogy is back in the news - this time not about their lawsuit against Compass. This time they have trouble of their own. Purplebricks is closing shop in the US, and we have an engagement announcement - Redfin and OpenDoor have announced a joint project in two cities. What that is and what it means to you is coming up. Plus if we have time I’m going to share with you some towns that will pay you to live there and a few places you can get FREE land. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News: https://www.housingwire.com/articles/49547-opendoor-and-redfin-join-forces-to-begin-buying-houses-in-phoenix-and-atlanta https://www.housingwire.com/articles/49508-flat-fee-real-estate-agency-purplebricks-shuttering-us-business https://www.housingwire.com/articles/49506-expert-avms-will-soon-represent-70-of-valuations https://flatheadbeacon.com/2019/04/24/real-estate-market-trends-47/ https://smartasset.com/mortgage/us-cities-that-will-pay-you-to-live-there https://www.aol.com/2010/10/19/click-here-for-free-land-five-places-where-land-is-free/ Motivational Thoughts for the day “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” - Colin Powell Tags: real estate, real estate investing, real estate investments, real estate education, flipping houses, Roger Blankenship, Flipping America
Rich Munroe and his wife operate Diamond Edge Properties. They own and manage over a dozen Air B&B short term rentals, two of which are new in the Tri-Cities market. Rich shares his services, tips for owners thinking about the short term rental market, and his state-wide advocacy for the sector.
At the recent DBA International convention in Las Vegas, Capital Club Radio s Michael Flock interviewed five past DBA International presidents whose administrations spanned the 19 years of the association s existence: Walt Collins, Bob Morris, Mike Cushing, Mike Bendickson and Rich Munroe. The following is a glimpse of the key topics discussed. DBA was created […] The post Past Debt Buyer Association Presidents in Vegas: From Gunslinger Culture to a Consumer Friendly Culture. appeared first on Business RadioX ®.
Rich Munroe / Resolution Services Group, LLC Rich Munroe has built over 25 years of experience in the distressed debt industry and has been involved in over 400 portfolio acquisitions of different asset classes, totaling in excess of ten billion dollars serving as Vice President of Acquisitions for Outsourcing Solutions, Inc. (OSI) and as […] The post Rich Monroe with Resolution Services Group appeared first on Business RadioX ®.