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In this week's Hosting Hotline, we're answering a question we hear all the time: Should I consider midterm rentals (30+ day stays)? If you're wondering whether it's the right move for your property, this episode will help you break it down.We cover the pros, cons, and what it really looks like to add midterm rentals into your hosting strategy—including Sarah's firsthand experience with listing on Furnished Finder during the off-season.We break down:What counts as a midterm rental—and how it's different from STRs and LTRsThe pros: lower turnover, longer stays, consistent income, and guest qualityThe cons: more hands-on screening process, less automationWhy midterm guests are not just short-term guests staying longerHow to test the waters using platforms like Furnished FinderWhat amenities, furniture, and stocking levels midterm guests expectHow to check demand in your market before jumping inA $30-off listing code to get started risk-free on Furnished FinderWe're also joined by Tanya Shin, Chief Growth Officer at Furnished Finder, who shares trends they're seeing (hint: it's not just nurses anymore) and the best way to see if your city is midterm-ready.
Cory Schisler isn't just building beautiful hotels and restaurants — he's rethinking what hospitality actually feels like. He's worked with brands like Proper and Viceroy, co-founded The Madrona in Healdsburg, and has a sharp eye for the subtle — and not-so-subtle — ways hospitality has evolved (and where it still needs to catch up). In this episode, we unpack: – The early experiences that shaped Cory's hospitality worldview – How to balance timeless service with modern guest expectations – The tech that actually enhances hospitality (and the kind that kills it) – Why QR code menus might signal the beginning of the end – What's next: the rise of micro-resorts and the white space between STRs and hotels Cory also shares how he approaches concept development, the difference between good and great creative partners, and what it really takes to build a team culture where guests feel seen — and staff feel proud. This one's packed with insight for anyone thinking about the next generation of hospitality brands. Learn more about Cory here. Explore The Madronna Behind the Stays is brought to you by Journey — a first-of-its-kind loyalty program that brings together an alliance of the world's top independently owned and operated stays and allows travelers to earn points and perks on boutique hotels, vacation rentals, treehouses, ski chalets, glamping experiences and so much more. Your host is Zach Busekrus, Head of the Journey Alliance. If you are a hospitality entrepreneur who has a stay, or a collection of stays with soul, we'd love for you to apply to join our Alliance at journey.com/alliance.
It started with a simple problem: take the trash out, bring it back in. But that tiny pain point? It turned into a full-blown logistics revolution for short-term rental hosts nationwide.Taylor Jones dives deep with Alex Shapiro, co-founder of Can Monkey, the tech-powered trash service that's now serving over 5,000+ properties across 28 states and 475 cities. What began as a favor for a friend became one of the most unexpected wins in the short-term rental game.Inside this episode:How a random lunch and one smelly STR mishap sparked a business ideaWhy homeowner rejection opened the door to a thriving STR marketThe secret sauce behind Can Monkey's explosive growthWhat it really takes to manage a trash route across hundreds of citiesThe unexpected power of timestamped trash photos (yep, they can save you from fines)What makes a great “can runner” (spoiler: it's not driving a BMW)The surprising blend of tech, trust, and trash - and why it matters for STR opsCan Monkey's next chapter: 10,000 properties and software that could shake up the spaceIf you're in the STR world or just love stories of scrappy entrepreneurship, this episode delivers a goldmine of insights, operations hacks, and growth strategies you'll wish you heard sooner. Hit play now, you'll never look at trash day the same way again.Learn more at canmonkey.comContact Alex: alexander@canmonkey.com or connect with him on LinkedIn
In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, tackle two critical issues affecting property investors: Furnished Finder's new "worry-free waiver" program and a concerning short-term rental ban in Woodland Park, Colorado. They analyze Furnished Finder's deposit alternative which charges hosts $60-80 monthly for protection up to $3,500 in damages, highlighting numerous limitations including cosmetic damage exclusions and comparing it unfavorably to traditional landlord protection policies. The hosts argue that security deposits serve not only as protection but also as an essential tenant screening tool—if prospective tenants cannot afford a deposit, they likely cannot afford the rental itself. The second segment examines Woodland Park's citizen-led ballot measure that completely banned STRs without grandfathering existing permit holders. What's particularly alarming is a recent court ruling suggesting property owners have little chance of successful legal challenge, setting a potentially dangerous precedent unlike previous regulatory changes in Colorado communities which typically preserved existing STR permits. Throughout the episode, the hosts emphasize the importance of working with knowledgeable professionals who understand local STR laws and can help investors navigate the increasingly complex regulatory landscape. Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com For more information visit: https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/
In this episode of Uncontested Investing,we dive into the booming world of short-term rentals (STRs) and explore how savvy investors are leveraging platforms like Airbnb and Vrbo to maximize cash flow, diversify geographically, and reduce risk. From vacation properties to workforce housing, the hosts break down how investors of all sizes can scale intelligently by choosing the right locations, designing a memorable guest experience, and taking advantage of seasonal markets. Whether you're new to STRs or looking to grow your portfolio, this episode is full of practical advice and fresh ideas to expand your impact in the rental space. Key Talking Points of the Episode 00:00 Introduction 01:05 How STRs can earn 2–3x the monthly income vs. long-term rentals 02:07 Avoiding competitive metro markets through location flexibility 03:25 Underrated markets: Wyoming, Buffalo, Acadia, and snowmobile trails 05:21 Lower maintenance burden for STRs vs. traditional property managers 07:22 Guest experience: why it matters and how to differentiate your STR 08:23 Becoming a Superhost: reputation, reviews, and responsiveness 09:45 What is PadSplit? 10:38 Targeting the workforce for your STRs 12:31 The value of guest feedback: guestbooks, quick fixes, seasonal upgrades 14:00 How smart home tech can help improve your STR 16:14 How shorter tenancies reduce strain and increase adaptability Quotables “With a short-term rental, you can actually generate two to three times more income than a long-term lease.” “You decide your level of involvement—from doing it yourself to having a full-service team handle it all.” “Diversification isn't just about property type. It's about location, lease length, and tenant type.” Links RCN Capital https://www.rcncapital.com/podcast https://www.instagram.com/rcn_capital/ info@rcncapital.com REI INK https://rei-ink.com/
In this episode of Life With Mikey, Avery Carl—real estate investor, author, and founder of The Short Term Shop—breaks down how she scaled from one short-term rental to over 250 doors and built an investment machine from scratch.Avery shares her journey from the music industry to real estate domination, the mistakes new investors make, why she doesn't care about vanity metrics, and how she's helping others buy their freedom through STRs. Whether you're an agent, investor, or just curious how someone flips the script on life, this episode is packed with raw insights, smart strategy, and no-BS takes.
This week I can't wait for you all to hear from Dawn Asher from The Olive Jar, an experiential marketing and branding studio for STRs. We've all heard over and over and over again how critical branding is… but how do you actually brand your listing when you don't have the budget and resources that giant million dollar brands do?! Dawn has decades of experience in this field, and she's responsible for a lot of the special moments that have made you feel connection with some of your favorite brands. After a big career shift and leaving the corporate world to move into entrepreneurship, Dawn has found a way to bring her years of expertise to the world of STRs. She walks us through: 1. How to create a brand for your listing 2. How to make your listing more memorable 3. How to make your guests feel an emotional connection with your property 4. And most importantly, how to do this affordable and with a small team! Read to the blog post about Level Up Your Listing mentioned in this episode. Connect with Dawn here Book a free call with The Olive Jar Subscribe to the newsletter Thank you to my sponsors! Lodgify - Link Receive 20% off Lodgify's most powerful plans with code NoVacancy20 at checkout Proper - Link Visit the link to claim your free risk assessment with Proper. Learn more about your ad choices. Visit megaphone.fm/adchoices
What happens when you take a massive design risk on a short-term rental—and it turns into your most profitable investment ever?In today's episode of the Cash Flow Positive podcast, Kenny Bedwell welcomes Ashley Guy, a short-term rental investor, mom of six, agent, coach, and creative powerhouse behind one of the most unique Airbnbs in the U.S. Ashley shares the full story behind her now-famous “kink cabin” in Gatlinburg, Tennessee—a bold, adult-themed STR that grosses six figures annually and books out months in advance.Ashley reveals the challenges of designing a fully immersive, highly targeted guest experience—from sourcing custom furniture to marketing without relying on traditional channels. She also breaks down why most investors play it too safe, how to stand out in saturated markets like Gulf Shores, and what it really takes to create properties that command premium rates and loyal repeat guests.If you've enjoyed this episode of the Cash Flow Positive podcast, be sure to leave a review and subscribe today! Listen now and enjoy!In This Episode You'll Learn:Why the “kink cabin” idea was a strategic investment, not a gimmickHow Ashley made over $80K net on a $333K cabin in just one yearThe power of immersive design and what most hosts missHow to turn judgment and taboo into brand loyalty and bookingsWhy niche STRs outperform copy-paste properties in saturated marketsThe role of guest avatars and how to truly design for themHow Ashley scales her creativity across multiple markets and property typesWhy “commit and figure it out” is a mindset every STR investor needsAnd much more...Resources:Connect with Kenny on LinkedInFollow Kenny on Instagramthefemmeinvestor.com Contact Ashley at ashley@thefemmeinvestor.com
Airbnb's new Off-Platform and Fee Transparency Policy has left a lot of hosts wondering: Can you still use tools like StayFi to collect guest emails?Today on the Hosting Hotline, Natasha calls in with a smart and timely question—and we bring in the best person to answer it: Arthur Colker, CEO of StayFi.In this episode, we cover:How Airbnb's updated policy affects communication and guest data collectionWhat it means to have guests “opt in” under the new rulesWhy StayFi's WiFi marketing and email tools are still compliant (and important!)How to use this moment as an opportunity for a full business compliance checkOur own experience continuing to use StayFi for both our urban STRs and new glamping propertyIf you're focused on building your direct booking strategy while staying fully compliant, this is an important conversation you won't want to miss.Resources:The Hidden Truth: Why Most Airbnb Hosts Fail (And How to Succeed) | Subscribe to our YouTube Channel for more host strategies and support!Airbnb Off-Platform and Fee Transparency PolicyLearn more about StayFi and get 50% off your first 3 monthsMentioned in this episode:Make More Money in 2025! Join us for a Pricing Boot Camp!Proper Insurance | Book Your Risk Assessment TodayMake More Money in 2025! Join us for a Pricing Boot Camp!
Are you ready to find your next cash-flowing short-term rental property — and actually know it's a winner before you buy? In this episode, We sit down with John Bianchi, the self-proclaimed "Airbnb Data Guy," who's helped uncover over 200 profitable STR properties. John pulls back the curtain on how to spot the best markets, why understanding local regulations is critical, and how effective marketing can make or break your rental's success. You'll learn John's two-step method for market selection, dive into real-world property analysis (including a live review of Jason and Rory's property in Laconia, New Hampshire), and get practical tips like the "20% rule" and how to maximize your property's potential with strategic photography. Whether you're investing your first dollar or expanding your growing portfolio, John's data-driven insights and no-nonsense advice will give you the edge to make smarter, more profitable decisions. Get ready for a deep-dive that's packed with actionable strategies you can use right now! Things we discussed in this episode: John Bianchi's two-step method for picking STR markets: check regulations and apply the 20% rule (annual revenue = 20% of purchase price). Why professional photography and marketing are key to standing out — especially when showcasing unique amenities and outdoor spaces. A deep dive into Jason and Rory's Laconia, NH property: challenges with cash flow and market fit. The risks of buying in areas without clear STR regulations. How STRs offer cash flow, equity growth, and major tax benefits. Why you can't fully trust AirDNA's rentalizer tool — and how to do better comp analysis manually. John's story: from building STR Search to helping identify 200+ profitable properties. How waterfront locations and standout features boost income. Diversifying investments: blending STRs with other vehicles. The deeper "why" behind STR investing: creating freedom and generational wealth. Get in touch with John: LinkedIn - https://www.linkedin.com/in/john-bianchi/ Instagram - https://www.instagram.com/theairbnbdataguy/ Website - https://strsearch.com/ #SmartStayShow #realestate #realestateinvestor #realestateagent #RealEstateInvesting #ShortTermRentals #STRInvesting #AirbnbDataGuy #ShortTermRental #RealEstateInvestment #PropertyInvesting #PassiveIncome #RentalMarkets #InvestmentStrategy #RealEstateData #STRTips Follow Us! Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for the first episode of SmartStay Show! Following and subscribing to SmartStay Show not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. SmartStay Show Website and on Instagram and YouTube Prideaway Stays Website and on Facebook and LinkedIn Straightforward Short-Term Rentals Website and on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Hospitality.FM SmartStay Show is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
In this episode of the Hospitable Hosts podcast, we are joined by the team behind Crewdogs, a veteran-owned vacation rental company that brings a whole new meaning to hospitality by leveraging their military backgrounds to build a strong brand centered on trust, excellence, and service. Crewdogs is proving that short-term rentals can be more than just a business. It can be a mission.We are also joined by three hosts who use both CrewDogs and Hospitable.Sleep easy, host confidently with Hospitable. Automate your guest messages, sync your calendar across booking channels, and protect yourself from bad direct booking guests.Sign up today at hospitable.com/podcast and get 25% off your bill for 3 months.
This week on the Hosting Hotline, we're digging into a question from Penny, a host of two jaw-dropping luxury rentals in Hocking Hills, Ohio. With properties clocking in at over 10,000 and 13,000 square feet, a saltwater pool, and four separate apartments, Penny's homes are stunning — but she's stuck on one big question: how should she charge her cleaning fee?Should she bake the fee into the nightly rate or break it out as a separate line item? What's the “right” way to do this, especially when hosting large groups or events?In this episode, we walk through:Why understanding your actual cost to clean is step oneHow to assess guest perception of your fee and reduce sticker shockWays to use dynamic pricing software (like PriceLabs) to stay competitive and track market cleaning feesWhy breaking down booking feedback and sales data is criticalWhen it makes sense to blend cleaning fees into your nightly ratePlus, we revisit a real-world case study from Episode 321 with Monique from PriceLabs, where she adjusted her pricing to recover cleaning costs and stay competitive in her market.Whether you're hosting luxury travelers or managing smaller STRs, this is a must-listen if you've ever wrestled with how to present your cleaning fee to guests.Resources:Follow these incredible Hocking Hills properties:The CliffsThe Box HopDunlap Hollow CabinsFollow our land journey in Hocking Hills:@richhollowretreatCheck out Penny's luxury homes:@woodland_retreatsListen to Episode 321 – PriceLabs Dynamic Pricing vs. Airbnb Cleaning FeesStart using PriceLabs (our preferred pricing tool): https://pricelabs.co/users/sign_up?referral=RTj8a0Subscribe to our YouTube Channel | 5 Red Flags Your Airbnb Cleaner Isn't Doing Their JobMentioned in this episode:Make More Money in 2025! Join us for a Pricing Boot Camp!Make More Money in 2025! Join us for a Pricing Boot Camp!Proper Insurance | Book Your Risk Assessment Today
In this episode of the RE Social Podcast, hosts Andrew McCormick and Vince Rodriguez interview Eric Lawson, a mortgage veteran who pivoted into short-term rentals and outperformed traditional investments. Eric left behind a successful mortgage career to dive into the world of Airbnb with incredible results. He walks us through his journey from multifamily properties to discovering the explosive cash flow potential of vacation rentals, starting with a skeptical first deal and quickly expanding into high-demand areas. Eric shares the systems and mindset shifts that helped him scale, along with actionable tips on financing, getting pre-approved, managing remotely, and maximizing tax advantages through cost segregation. He also provides valuable insight into current market conditions and offers a forecast on where mortgage rates may be heading in the coming years. Tune in now to learn more!Key Takeaways00:00:00Welcome to the RE Social Podcast00:02:45First Airbnb Investment Experience00:09:24The Pandemic and Some Market Insights00:23:57How to Manage Multiple Properties00:33:06Tips on Managing Remote Properties00:34:51How to Facilitate Bidding Wars00:37:46Property Value and Performance00:39:04Financial Strategies and Savings00:40:03Multifamily Investment Insights00:44:23Challenges in Multifamily Investments00:58:04Lessons from the 2008 Financial Crisis01:02:22Reflecting on Property Investments01:04:02Short-Term Rental Regulations01:11:24Economic Insights and Mortgage Rates01:24:04Connect with EricResources and Linkshttps://www.bizprofile.net/ca/walnut-creek/lawson-lending-llcConnect with Erichttps://www.instagram.com/ericlawson73/https://web.facebook.com/eric.lawson.7549/Need Help? BOOK A CALL:https://anviinvest.com/consulting/ Learn more about AnVi Invest
From Handwritten Checks to Managing 115+ STRs Across 14 States w/ Landon SchlabachIn this episode, Landon Schlabach shares his remarkable journey from flipping houses to building a thriving short-term rental property management company. Starting with just a few homeowners and handwritten checks, Landon scaled his operations to managing over 115 homes across 14 states—with deep roots in the Amish and Mennonite communities.We dive into:Why he pivoted away from rental arbitrage early onHow the pandemic became an unexpected growth acceleratorThe scrappy early days of doing everything soloHow a remote cabin in Pennsylvania changed everythingWhy not every investor is in it for cash flow—and why that's okayHis approach to building relationships, earning trust, and growing organicallyWhether you're just getting started or scaling your STR business, Landon's story is packed with lessons on grit, trust, and jumping in before everything's perfect.
NOTHING'S PENCILING? THE PROBLEM ISN'T THE MARKET.Everyone's complaining about deals not working.But here's the truth......it's not the market; it's your property.In this episode, we break down:Why most STRs fail to hit pro forma in today's marketHow one $700K Pinehurst property generated $45K in bookings in 5 weeksWhat amenities are actually driving bookings in top marketsHow to design listings that feel different (and rank higher)Simple ROI math for cold plunges, saunas, and garage conversionsYou'll also learn how Airbnb is shifting toward experiential stays.And how to make sure your listing stands out in a sea of sameness. Don't wait for the perfect deal. Create it...with the right design and data.04:00 – Targeting Travel Avatars: Niche Down to Maximize Bookings06:00 – Real Case Study: How a $700K Property Secured a Celebrity Booking08:00 – Pre-Launch Tactics That Drove $12K in Bookings Without Photos10:00 – Benchmarking & Amenity Differentiation in Saturated Markets12:00 – ROI on Amenities: Saunas, Cold Plunges & Game Rooms14:00 – Pinehurst Playbook: Amenity Investments That Drive ADR Growth16:00 – Tailoring Amenities to Market: Golfers, Families & Regional Travel Types18:00 – Algorithm Hacks & Listing Design That Trigger Emotion and VisibilityGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
NOTHING'S PENCILING? THE PROBLEM ISN'T THE MARKET.Everyone's complaining about deals not working.But here's the truth......it's not the market; it's your property.In this episode, we break down:Why most STRs fail to hit pro forma in today's marketHow one $700K Pinehurst property generated $45K in bookings in 5 weeksWhat amenities are actually driving bookings in top marketsHow to design listings that feel different (and rank higher)Simple ROI math for cold plunges, saunas, and garage conversionsYou'll also learn how Airbnb is shifting toward experiential stays.And how to make sure your listing stands out in a sea of sameness. Don't wait for the perfect deal. Create it...with the right design and data.04:00 – Targeting Travel Avatars: Niche Down to Maximize Bookings06:00 – Real Case Study: How a $700K Property Secured a Celebrity Booking08:00 – Pre-Launch Tactics That Drove $12K in Bookings Without Photos10:00 – Benchmarking & Amenity Differentiation in Saturated Markets12:00 – ROI on Amenities: Saunas, Cold Plunges & Game Rooms14:00 – Pinehurst Playbook: Amenity Investments That Drive ADR Growth16:00 – Tailoring Amenities to Market: Golfers, Families & Regional Travel Types18:00 – Algorithm Hacks & Listing Design That Trigger Emotion and VisibilityGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
In this episode, Thomas and Ryan share real-life case studies from real estate investors who used strategic tax planning to save thousands, sometimes hundreds of thousands, on their tax bills. They also reveal the most common mistakes and missed opportunities they see from investors who waited too long or relied on the wrong advice. This episode explores: - How one couple saved $285K in a single year using REPS and cost segregation. - Why timing matters when using the short-term rental loophole—and how to get it right. - What happens when a CPA mistakenly opts you out of bonus depreciation. - How a non-REPS investor reduced their taxes by $40K annually—without changing jobs. - Real examples of costly filing mistakes, disqualified STRs, and even unintentional fraud. If you're serious about using real estate to build wealth and reduce taxes, while avoiding irreversible errors, this is an episode you can't afford to skip. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Subscribe to REI Daily & Enter to Win a FREE Strategy Call: go.therealestatecpa.com/41JuQBX Join the Tax Smart Insiders Community: go.therealestatecpa.com/3Xx1Cpd Check out Thomas's new YouTube channel: www.youtube.com/@thomascastelli The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
Today on Good Morning Hospitality, Michael Goldin, Brandreth Canaley, and Wil Slickers break down the latest headlines shaping travel and hospitality. Morningstar slashes growth projections for online travel firms—what does this signal for Expedia Group, Airbnb, and Booking.com as summer nears? We also look at SuiteOp's $3M raise to bring AI tools to short-term rental operators. Is AI still a hot spot for investment, or a rare bright spot in a cooling market? Finally, we dive into PhocusWire's latest funding analysis, which shows fewer deals and a clear investor shift toward profitability. It's a must-listen for anyone tracking the future of travel tech, investment, and operations. ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices
Short-term rental operators are exploring new revenue streams beyond bookings while facing mounting pressure to track emissions. In this episode, we break down key findings from Phocuswright and Skift on how STRs can thrive through innovation and accountability.Are you new and want to start your own hospitality business?Join our Facebook groupFollow Boostly and join the discussion:YouTube LinkedInFacebookWant to know more about us? Visit our websiteStay informed and ahead of the curve with the latest insights and analysis.
What do you do when your Airbnb guest sues you—and the case drags on for years? In this solo episode of Cash Flow Positive, Kenny Bedwell shares the behind-the-scenes story of a lawsuit that caught him off guard, how he navigated the legal chaos, and the surprising truth about LLC protection and short-term rental insurance.This isn't just a cautionary tale—it's a wake-up call for every real estate investor who thinks they're safe behind an LLC. Kenny breaks down exactly what happened, why it matters, and how you can avoid the stress and financial risk that comes with unexpected accidents, lawsuits, and worst-case scenarios.If you're investing in STRs or planning to, this episode is essential listening. From legal layers to loss-of-income coverage, Kenny walks you through the lessons he learned the hard way—so you don't have to.If you've enjoyed this episode of the Cash Flow Positive podcast, be sure to leave a review and subscribe today! Listen now and enjoy!In This Episode You'll Learn:Why your LLC might not protect you the way you think it doesWhat to do immediately if a guest is injured at your propertyThe most underrated mistake STR investors make about insuranceHow to assess the right coverage for your risk level and marketWhy loss-of-income coverage is non-negotiable in disaster-prone areasThe tipping point when you should start building layered asset protectionWhy having a great attorney isn't enough—they need to review your policies tooAnd much more...Resources:Connect with Kenny on LinkedInFollow Kenny on Instagram
This week we're keeping up with the Karwells! You'll remember Sarah and Emily from episode 43 where they talked about partnerships and using other people's money to invest. A lot has changed in their business since that episode from two years ago, including... umm... having most of their portfolio WIPED OUT due to regulation, and now starting over with RV camps and micro resorts?! If there's anyone in this industry who knows how to pivot and adapt, it's these two. If you've been facing the same crippling regulation in your market, or are just ready or a change from single family STRs, you'll love this candid conversation about what the future of this industry looks like. Thinking of joining us at the Karwells' Retreat in Autocamp Zion? Use my discount code to save $150 on your ticket
Today, I'm joined by Dr. Ryan Mallory, a cardiologist who found a way to regain control over his career and life. After battling burnout and struggling with long hours, he made a bold decision to change the course of his professional life.Ryan and his wife sought a better way to balance work and family, which led him to the world of locums and short-term rentals (STRs). These avenues not only allowed him to increase his income, but they also gave him the freedom to be present with his family, significantly reduce his work hours, and unlock opportunities to grow wealth outside of traditional medicine.We explore the practicalities of making such a transition, including the financial benefits of locums and how investing in STRs can help you minimize taxes while increasing income. Ryan also shares actionable steps and insights that will help you design a life with more time and financial freedom. If you're ready to take control of your career and life, hit play now! “You're in control of your own future, and the only thing that's limiting you is the thoughts that you have about what you're able to accomplish.” ~ Dr. Ryan Mallory In This Episode:- The challenges with traditional medical practice- Maximizing income and work-life balance with locums- Navigating the challenges of locums- Boost income and efficiency with locums: how to get started- Venturing into real estate: short-term rentals- Tax advantages and returns from investing in short-term rentals- How Halftime Freedom is empowering physicians- Final thoughts and how to connect with Dr. Ryan Connect with Dr. Ryan Mallory: Website: https://halftimefreedom.com/ LinkedIn: https://www.linkedin.com/in/rdmallory Instagram: https://www.instagram.com/ryanmallorymd/ TikTok: https://www.tiktok.com/@halftimefreedom Resources: ➡️ Download a FREE copy of my book: https://go.perfectweekmd.com ➡️ Free community of high-performing physicians: the Physician Wealth Accelerator - https://limitless-md.mn.co/ ➡️ Check out my programs: https://vikramraya.com/coaching-tab-revamp/ ➡️ Apply to become a Limitless MD: www.I8mastermind.comConnect with Vikram:
Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors► Join here: https://www.facebook.com/groups/taxstrategyforinvestorsIn this Client Success Spotlight episode, I talk with Carole Anderson—a former corporate accountant turned real estate investor—about how she built a thriving short-term rental portfolio after the sudden loss of her husband. Carole shares how she went from managing one Airbnb in her basement to running nine STRs, including owned properties, arbitrage units, and co-hosting arrangements. We also discuss the importance of clean books, building great systems, and how she's turning her cost centers into profit centers by launching complementary businesses like cleaning and bookkeeping services. This is an inspiring story of resilience, resourcefulness, and long-term vision.Timestamps:00:00:00 – Carole's first impression of Ryan's boot camp00:00:44 – Carole's education and accounting background00:01:54 – Leaving corporate America to pursue real estate full-time00:02:35 – How accounting skills helped her succeed in STRs00:04:50 – The story behind her very first Airbnb00:06:14 – Why her target guest isn't who you'd expect00:08:28 – Carole's current portfolio: 9 properties with diverse strategies00:09:34 – Funding her first STRs with life insurance after a family tragedy00:11:36 – How she scaled through smart investing and timing00:13:31 – Selling a non-compliant STR and reinvesting profits00:15:10 – Why she loves arbitrage (and how she pitches landlords)00:16:56 – Why she's focused on her local Utah market00:18:38 – Turning her cleaning costs into a scalable business opportunity00:20:31 – How she found Ryan through YouTube and joined the boot camp00:23:39 – Why she's switching from her local CPA to Ryan's team00:26:18 – “Are you the one changing your family tree?” Carole's powerful answer00:28:27 – Launching her direct booking site and plans to scale even furtherInterested in working with me? Apply here:► https://taxstrategy365.com/apply?el=podcastLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/► Twitter: https://twitter.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa*None of this is meant to be specific investment advice, it's for entertainment purposes only.
Brian talks about the Short Term Rental market and how times are changing! With new laws, fees and interest rates, does a STR make sense right now? And with more STRs hitting the market how does that effect Charleston home sales? Find out NOW on the Brian Beatty Real Estate Show! Have a real estate need or question? Book a consult with us today! ☎️ (843) 800-0065
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
This episode is sponsored by…NCH:Set up an LLC to protect your investments! – https://nchinc.com/rtrHEMLANE:Find better, more transparent property management with Hemlane at https://www.hemlane.com/lp/rent-to-retirement/TARDUS:Get expert financial education and build your Income Snowball at https://renttoretirement.com/tarduswealthUnlock MASSIVE tax savings in 2025!
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
This episode is sponsored by…NCH:Set up an LLC to protect your investments! – https://nchinc.com/rtrHEMLANE:Find better, more transparent property management with Hemlane at https://www.hemlane.com/lp/rent-to-retirement/TARDUS:Get expert financial education and build your Income Snowball at https://renttoretirement.com/tarduswealthUnlock MASSIVE tax savings in 2025!
In this episode, Chris sits down with Smoky Mountains-based real estate investor and entrepreneur Jeromy Adams, who breaks down the wealth-building opportunities in short-term rentals (STRs). Jeromy shares how he went from owning a donut shop to building a thriving portfolio of self-managed vacation rentals in one of the most in-demand vacation markets in the U.S. He explains why many STR investors fail, the secrets to self-managing profitably, and how to spot underperforming properties that can become cash-flowing machines.What You'll Learn in This Episode:Why the Great Smoky Mountains is a hot market for vacation rentalsHow Jeromy evaluates properties like businesses, not housesThe mistake most STR investors make that eats up their profitsA real-world breakdown of a $380K property generating $90K/yearWhat kind of returns investors should realistically expectTips for first-time STR investors to get started the right wayConnect with Jeromy: Website: HomesOfTheSmokies.com Phone: (281) 630-6995 Based in: Sevierville, TN – serving the Smoky Mountains region Referrals welcome — 25% perpetual referral fee for agent partnersHit Chris Up:Instagram: @craddrockFacebook: Chris CraddockRESOURCES:
Short-term rentals are still a popular asset class, but you have to optimize them for your guest avatar to get them right. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Mark Lumpkin, Sales Director at STR Cribs. STR Cribs helps STR owners understand what makes a high-performing short-term rental. They are renovation and design experts for top-performing short-term rentals nationwide. Jonathan and Mark start their conversation by exploring the features a short-term rental needs to stand out, how you can optimize a property's features, and the importance of addressing preventative maintenance before it becomes a problem. Mark explains why paying attention to guest feedback, performing trial stays at a property with friends and family, and the difference between market-specific and universal amenities is important. You'll hear why data is essential in purchasing the right property in the right market, why you shouldn't overlook secondary STR markets, and adding ADU or disability accessibility to appeal to more guests. Finally, Mark shares how he and his wife began investing in STRs, how STR Cribs can help STR owners design and build their ideal short-term rental, and his advice for investing in an asset you can use and rent out. Short-term rentals continue to be a popular option for real estate investors, and now, more than ever, they have to stand out from the crowd. Mark Lumpkin offers insights on creating a property you and your guests can enjoy. In this episode, you will hear: What drew Mark Lumpkin to short-term rentals, and why each STR has to stand out Optimizing the features of each property and customizing it to your guest avatar Addressing preventive maintenance and longevity rather than putting them off Paying attention to guest reviews and listening to feedback Staying in your properties and asking friends and family to stay there to address any issues you didn't think about Market-specific amenities versus universal amenities based on different guest types Using data to purchase the right property in the right market Why you shouldn't overlook some of the secondary STR markets The importance of ADU or disability accessibility in a property How Mark and his wife began investing in STRs after some international travel where they learned some lessons about what did not fit their lifestyle How STR Cribs helps STR owners design and build their ideal STR The lack of top-tier homes available as STRs and the best ROI amenities Mark's advice for investing in an STR you can use as well as rent out Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/228/ to download it. Supporting Resources: STR Cribs website - STRCribs.com STR Cribs on YouTube - www.youtube.com/@STRCrib Connect with Mark Lumpkin on LinkedIn - www.linkedin.com/in/mark-lumpkin-84b173142 Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
What if you could invest in STRs where demand never dries up—without competing in oversaturated vacation markets? In this episode of Cash Flow Positive, Kenny Bedwell sits down with Maria Reith, an experienced STR investor who has built a thriving rental portfolio in military towns, including Dayton, Ohio, and San Antonio, Texas.Maria didn't start with a background in real estate—she began investing as a way to prepare for retirement. But what started as a simple strategy quickly scaled into over 30 properties in some of the most stable STR markets available: military towns.She reveals why military bases create consistent rental demand, how she balances short-term, midterm, and long-term rentals, and why word-of-mouth marketing plays a huge role in her success. Maria also shares her approach to creative financing, how she finds value-add properties, and the one thing investors should always research before buying near a military base.If you're looking for new STR markets with steady cash flow, this episode will open your eyes to a powerful, under-the-radar investment strategy. Listen now and njoy!In This Episode You'll Learn:How military towns offer consistent demand for STRs, even when vacation spots are saturatedWhy proximity to military bases can be key for STR profitabilityThe importance of buying properties with value-add potential for maximum returnsHow to balance between short-term, midterm, and long-term rentals to optimize cash flowWhy word-of-mouth and community engagement are crucial for military-based STR businessesHow Maria uses creative financing to scale her STR portfolioHow to evaluate the future stability of military bases and the surrounding real estate marketWhy Maria's exit strategy involves preparing for long-term rental cash flowAnd much more...Resources:Mariareith.com Connect with Kenny on LinkedInFollow Kenny on Instagram
Would You Quit Your 9-to-5 to Build a Short-Term Rental Empire? Payton Cummings did exactly that—leaving behind a steady paycheck to scale a thriving 17-property short-term rental business! In this episode, she shares her journey from corporate consulting to full-time entrepreneurship, the mindset shifts that made it possible, and how community and strategy helped her think bigger. If you're dreaming of turning your side hustle into a sustainable business, this episode is packed with real insights and actionable advice you won't want to miss! Things we discussed in this episode: Peyton's transition from a W2 management consulting job to full-time short-term rental entrepreneurship The importance of joining entrepreneurial communities like STR Secrets for networking and mindset growth Financial planning and considerations before leaving a steady job, including healthcare and income sustainability Building and scaling a short-term rental business from 3 personal properties to 17 co-hosted properties The challenges of delegating guest communication and learning to trust a virtual assistant team Strategies for local networking, including joining BNI groups and connecting with local developers and investors The value of investing time in personal mindset development and strategic business planning Real estate professional tax status and potential tax benefits for full-time real estate entrepreneurs Maintaining personal relationships and friendships while growing a business, especially as an entrepreneur The process of automating guest communications while still maintaining quality customer service and oversight . Get in touch with Payton: Facebook - https://www.facebook.com/payton.young.7 Instagram - https://www.instagram.com/staymodernproperties/ Website - https://staymodernproperties.com/ #SmartStayShow #realestate #realestateinvestor #realestateagent #RealEstateInvesting #ShortTermRentals #AirbnbHost #EntrepreneurLife #STRBusiness #SideHustleSuccess #PropertyManagement #BusinessGrowth #WomenInBusiness #DigitalNomadLife Follow Us! Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for the first episode of SmartStay Show! Following and subscribing to SmartStay Show not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. SmartStay Show Website and on Instagram and YouTube Prideaway Stays Website and on Facebook and LinkedIn Straightforward Short-Term Rentals Website and on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Hospitality.FM SmartStay Show is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
On this episode of Good Morning Hospitality, Wil Slickers, Brandreth Canaley, Michael Goldin, and Jamie Lane dig into Vrbo's bold billboard campaign taking aim at Airbnb—and Airbnb's sharp response in a recent Skift article. We explore what this marketing feud reveals about platform dynamics and traveler sentiment. Jamie also unpacks the latest hotel and short-term rental data from his presentations at the Hunter Hotel Advisors Conference. From shifting demand toward rural markets and larger STRs to the pause in supply growth, we analyze the signals pointing to where the market is headed. Plus, we break down key insights from Oxford Economics on macroeconomic headwinds, traveler behavior, and hotel performance trends. It's a data-packed conversation with real implications for anyone in hospitality. This episode is brought to you by our friends at Fido! No more headaches managing your vacation homes and asking your guests to take the trash bins to the curb! Want to execute great hospitality for your guests? Get with Fido today at getfido.com/gmh ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices
Securing a solid financial future is often the biggest reason people enter the world of real estate investing, which doesn't require attaining as many properties as you may believe. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Melissa Nash, founder of Lady Luck Investments, which emerged out of necessity. Melissa built a portfolio that secured her family's financial future in less than six years. Now, she's teaching other women how they can do the same. Melissa wants to change the story of women in real estate and create a legacy of wealth and empowerment. Jonathan and Melissa start their conversation with the story of Melissa's grandmother-in-law, who began investing in real estate in Los Angeles in the 1960s. Melissa shares her difficulties as a female investor today, her early failures due to her unwillingness to learn, and how a mentor introduced her to turnkey real estate. She highlights the success she eventually found with a Section 8 property, eventually leading to buying some short-term rentals, and explains why she self-manages her properties rather than paying a property manager. You'll hear the importance of being a good host with STRs, using those STRs to generate immediate cash flow to fund other ventures, and what new investors fail to do as they start their portfolios. Building a financial future with real estate is a method used for generations, and Melissa Nash is creating a legacy of wealth for her family. In this episode, you will hear: Melissa Nash's inspiration from her husband's grandmother, who was a real estate investor in Los Angeles in the 1960s and ‘70s The difficulties of being a female real estate investor, even today The failures Melissa experienced before her real estate career took off Her unwillingness to learn in the beginning which contributed to those early failures How a mentor introduced Melissa to turnkey real estate Finding success with a Section 8 property and how that led to short-term rental purchases she self-manages The importance of being a good host for great feedback Adding or removing amenities based on requests or negative feedback STRs as a way to generate immediate cash flow for more STRs or long-term rentals Using your rentals for your own enjoyment and building a generational legacy with real estate investing What new investors fail to do as they get their portfolios started Melissa's mission to educate women on real estate and the potential it offers Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/226/ to download it. Supporting Resources: Melissa Nash's website - www.hellomelissanash.com Melissa's YouTube channel - www.youtube.com/@hellomelissanash Lady Luck Investments on Facebook - www.facebook.com/ladyluckinvestments Find Melissa on Instagram - www.instagram.com/hellomelissanash Connect with Melissa on LinkedIn - www.linkedin.com/in/melissa-nash-35aa0745/ Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Ever wondered if one spontaneous decision could completely change your career? That's exactly what happened to Jayla Siciliano. While on vacation, she crunched the numbers on a short-term rental, saw its potential, and the next day, put in an offer on her first property. In this episode of SmartStay Show, Jayla takes us through her journey from that impulsive purchase to building a thriving short-term rental business across multiple states. We dive into the challenges of managing properties remotely, the importance of building a strong local team, and how she scaled her co-hosting operation while maintaining high-quality guest experiences. Jayla also shares how she overcame imposter syndrome, lessons from past entrepreneurial ventures, and why she's now expanding into real estate development. Whether you're a new investor or an experienced host, this episode is packed with insights and inspiration you won't want to miss! Things we discussed in this episode: Jayla's Unexpected Start in STRs – How a vacation rental stay led to her first property purchase. Scaling a Short-Term Rental Business – Growing from a single property to managing multiple across states. Challenges of Remote Property Management – How she successfully operates rentals from across the country. Building a Strong Local Team – The importance of having reliable "boots on the ground." Overcoming Imposter Syndrome – Transitioning from a different industry and establishing credibility in STRs. The Role of Systems and Technology – Using tools like Breezeway and OwnerRez to streamline operations. Expense & Maintenance Management – The hidden complexities of managing costs and upkeep, especially in snowy climates. Co-Hosting and Owner Relations – How she convinces owners to trust a remote management model. Real Estate Investment & Market Strategy – Why she chose Vermont and California for her properties. Future Plans & Expansion – Her podcast Seed Money and plans to develop properties on her Vermont land. . Get in touch with Jayla: Facebook - https://www.facebook.com/jayla.siciliano.akers Instagram - https://www.instagram.com/atlasvacations/ Website - https://www.atlas-vacations.com/ #SmartStayShow #realestate #realestateinvestor #realestateagent #RealEstateInvesting #ShortTermRentals #VacationRentals #AirbnbHost #Entrepreneurship #PassiveIncome #RemotePropertyManagement #CoHosting #STRBusiness #FinancialFreedom Follow Us! Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for the first episode of SmartStay Show! Following and subscribing to SmartStay Show not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide. SmartStay Show Website and on Instagram and YouTube Prideaway Stays Website and on Facebook and LinkedIn Straightforward Short-Term Rentals Website and on Instagram Attorney Rory Gill on LinkedIn Jason Muth on LinkedIn Hospitality.FM SmartStay Show is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
In this episode of Good Morning Hospitality Europe, Leo and Sarah are joined by Andy Fenner, CEO of the Short Term Accommodation Association (STAA). They dive into key industry topics, including the upcoming Short Stay Summit in London, the importance of fair regulation in the UK's short-term rental market, and the need for data-driven policymaking. Andy shares insights on the economic benefits of STRs, how they can revitalize coastal communities, and why tourism legislation needs a broader perspective. The conversation also touches on Airbnb's renewed push into experiences, with speculation on whether it will succeed this time around. Tune in for an engaging discussion on the evolving landscape of short-term rentals and what it means for operators across Europe. ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices
HIGH RATES, TOUGH MARKET. WHY SMART STR INVESTORS ARE STILL BUYING!Most people think high interest rates and a slow market mean it's a bad time to invest in short-term rentals.But what if that's exactly why now is the BEST time to buy?In this episode, Avery Carl breaks down:●︎ Why 2023-2024 is tougher than 2008 for real estate—but still full of opportunity●︎ How experienced investors are closing deals while everyone else hesitates●︎ The biggest mistake new investors make when looking at STR properties●︎ Why overpriced listings sit for months...and how to negotiate massive discounts●︎ The future of STRs, market regulations, amenities, and the best locations to buyThe best deals don't go to those who wait.They go to those who know how to play the game.07:15 - Guest Introduction: Avery Carl, STR Investment Expert09:40 - Market Cycles: Why Timing and Strategy Matter12:50 - The Hidden Costs of Over-Themed STRs15:45 - How to Win in Today's High-Interest Market18:30 - Avoiding the Biggest Mistakes When Pricing STRs22:10 - Leveraging Data to Find Undervalued Properties25:55 - STR vs. Long-Term Rentals: Knowing What Works30:20 - The Future of STR Investing: Where the Market is Headed34:15 - Final Advice: Making Smart Moves in Any MarketGuest Bio:Avery Carl is the author of “Short Term Rental, Long Term Wealth,” host of “The Short Term Show” podcast, CEO of The Short Term Shop, and real estate investor with 189 doors.Guest Link:https://www.instagram.com/theshorttermshop/Get FREE Access to our Community and Weekly Trainings:group.strsecrets.com
What if your short-term rental faced heavy restrictions—but instead of losing income, you unlocked a high-demand niche with 90% occupancy? That's exactly what Bella and Levi Linchenko did by leveraging Furnished Finder and midterm rental (MTR) strategies. They transformed a live-in flip into a high-performing MTR business and even used their rental income to fund a ski trip to the Alps! If you're wondering how to attract digital nomads, traveling professionals, and retirees, this Furnished Finder Landlord Diaries episode is packed with actionable insights.In this episode, they reveal: ✅ Why they chose MTR over STR (without losing income) ✅ Why transparency leads to happier guests & fewer headaches ✅ How MTR revenue funded their Alps ski trip ✅ The key differences in furnishing MTR vs STR properties ✅ Why midterm guests are easier to manage than short-term renters ✅ How to address seasonality & maximize occupancyPlus, Bella & Levi share expert design tips for MTR success, including market research, must-have furnishings, and costly design mistakes to avoid. Whether you're a real estate investor, STR host looking to pivot, or a newbie in MTRs, this episode is a must-listen!
HIGH RATES, TOUGH MARKET. WHY SMART STR INVESTORS ARE STILL BUYING!Most people think high interest rates and a slow market mean it's a bad time to invest in short-term rentals.But what if that's exactly why now is the BEST time to buy?In this episode, Avery Carl breaks down:●︎ Why 2023-2024 is tougher than 2008 for real estate—but still full of opportunity●︎ How experienced investors are closing deals while everyone else hesitates●︎ The biggest mistake new investors make when looking at STR properties●︎ Why overpriced listings sit for months...and how to negotiate massive discounts●︎ The future of STRs, market regulations, amenities, and the best locations to buyThe best deals don't go to those who wait.They go to those who know how to play the game.07:15 - Guest Introduction: Avery Carl, STR Investment Expert09:40 - Market Cycles: Why Timing and Strategy Matter12:50 - The Hidden Costs of Over-Themed STRs15:45 - How to Win in Today's High-Interest Market18:30 - Avoiding the Biggest Mistakes When Pricing STRs22:10 - Leveraging Data to Find Undervalued Properties25:55 - STR vs. Long-Term Rentals: Knowing What Works30:20 - The Future of STR Investing: Where the Market is Headed34:15 - Final Advice: Making Smart Moves in Any MarketGuest Bio:Avery Carl is the author of “Short Term Rental, Long Term Wealth,” host of “The Short Term Show” podcast, CEO of The Short Term Shop, and real estate investor with 189 doors.Guest Link:https://www.instagram.com/theshorttermshop/Get FREE Access to our Community and Weekly Trainings:group.strsecrets.com
In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, welcomes Assaf Karmon, CEO and co-founder of Turno. The discussion dives into Turno's platform, which helps short-term rental owners find reliable cleaners, automate scheduling, and essentially autopilot their business. Assaf describes his initial venture into short-term rentals, emphasizing the challenges he faced, leading to the creation of Turno—a marketplace for vacation rental cleaners in multiple countries. Jamie shares his personal experience using Turno and highlights its efficiency in sourcing cleaners. They discuss the variance in cleaning fees and how Turno's vetting process helps in choosing the right cleaners. The conversation also touches on features such as tracking cleaner projects, guest cleanliness scores, and creating a redundant team of cleaners for reliability. Assaf explains the importance of managing exceptions and maintaining a team for backup. They delve into automating various aspects of property management beyond cleaning, including maintenance and inventory tracking. Assaf also brings up an interesting customer success story that underscores the seamless automation provided by Turno. Jamie raises concerns about potential risks in automation, and Assaf reassures him with Turno's support in crisis situations. They discuss the range of Turno's clients, from small hosts to large property managers, and Assaf shares insights on the highest cleaning fees and challenges in sourcing cleaners in specific markets. Assaf emphasizes the importance of using automation to save time and mental capacity, encouraging hosts to focus on bigger ventures. He concludes by sharing how to reach out to Turno and himself for further queries. You don't want to miss this episode! ~~~~ https://turno.com/ ~~~~ Signup for AirDNA for FREE
STOP RENTING. START CO-HOSTING. HERE'S HOW!”Most people think rental arbitrage is the only way to get into short-term rentals—but they're dead wrong.Co-hosting is more profitable, lower risk, and scales faster than traditional STR models. But how do you find properties?In this episode, we reveal: ●︎ 7 battle-tested ways to find co-hosting deals FAST ●︎ How to earn 20-25% commission on STRs (without owning them!) ●︎ The UI Method—how to steal underperforming Airbnb listings ●︎ How to partner with realtors, landlords, and property managers for leads ●︎ Why most hosts struggle with sales—and how to fix itCohosting is the STR goldmine no one is talking about—until now.Listen now and start building your empire!02:53 - The Smarter Alternative to Arbitrage05:02 - Boosting Profit Margins with Expert Property Management09:55 - Leveraging Real Estate Agents for Steady Leads15:00 - Building a Bulletproof Client Acquisition System23:51 - The Hidden Key to 5-Star Reviews and Maximized Revenue36:51 - Mastering Sales Calls for Explosive Growth37:47 - The Ultimate Mindset Shift for Long-Term SuccessGet FREE Access to our Community and Weekly Trainings:group.strsecrets.com
STOP RENTING. START CO-HOSTING. HERE'S HOW!”Most people think rental arbitrage is the only way to get into short-term rentals—but they're dead wrong.Co-hosting is more profitable, lower risk, and scales faster than traditional STR models. But how do you find properties?In this episode, we reveal: ●︎ 7 battle-tested ways to find co-hosting deals FAST ●︎ How to earn 20-25% commission on STRs (without owning them!) ●︎ The UI Method—how to steal underperforming Airbnb listings ●︎ How to partner with realtors, landlords, and property managers for leads ●︎ Why most hosts struggle with sales—and how to fix itCohosting is the STR goldmine no one is talking about—until now.Listen now and start building your empire!02:53 - The Smarter Alternative to Arbitrage05:02 - Boosting Profit Margins with Expert Property Management09:55 - Leveraging Real Estate Agents for Steady Leads15:00 - Building a Bulletproof Client Acquisition System23:51 - The Hidden Key to 5-Star Reviews and Maximized Revenue36:51 - Mastering Sales Calls for Explosive Growth37:47 - The Ultimate Mindset Shift for Long-Term SuccessGet FREE Access to our Community and Weekly Trainings:group.strsecrets.com
Ever wanted to own a short-term rental in the mountains and by the beach? Kimberly Cano is doing just that! In this episode of The Property Profits Podcast, Kimberly shares her experience managing rentals in Colorado and Hawaii. She talks about the challenges of self-managing, lessons learned, and how she plans to expand into multifamily investing.
What's the key to long-term success in real estate investing? It's not just about strategy—it's about the people you surround yourself with. In this episode of Cash Flow Positive, Kenny welcomes Tanya Rooney, a seasoned investor and short-term rental expert, to dive into the power of community, accountability, and networking in building a thriving business.With 17+ years in real estate, Tanya has built a successful career in commercial real estate, flipping, and STR investing—but she credits her biggest wins to the relationships she's built along the way. She reveals how masterminds, accountability groups, and surrounding yourself with the right people can accelerate success, plus the hard lessons she learned from a motel deal gone wrong.Whether you're just starting out or scaling your investments, this episode will give you actionable insights on leveraging relationships to build wealth faster. If you've enjoyed this episode of the Cash Flow Positive podcast, be sure to leave a review and subscribe today!Enjoy!In This Episode You'll Learn:Why accountability groups are a game-changer for real estate investorHow surrounding yourself with the right people accelerates successThe importance of celebrating wins instead of always chasing the next goalHow networking in mastermind groups can save you from costly mistakesThe key differences between STRs and boutique hotels—and why it mattersHow effective communication can prevent revenue loss in STRsAnd much more…Resources:Connect with Kenny on LinkedInFollow Kenny on InstagramTribe Builders PodcastConnect with Tanya on LinkedIn
Today on No Vacancy I bring on Parker Borofsky from Wealth Builders Mortgage Group to give us investors all the tips and tricks for how to keep scaling our portfolios! Parker has originated over $1.1 BILLION in loans, almost all of which have been for STRs. So it goes without saying that if anyone knows how to help you qualify for more capital... it's Parker! Parker busts some major myths out there on specific loans and who can qualify, and she even corrected some misconceptions that I had about DSCR loans and 2nd home loans
HE LOST EVERYTHING… THEN BUILT A 37-STR EMPIRE!”Most people dream of quitting their soul-sucking 9-5.Mark Palmiere actually did it.From medical sales to short-term rental freedom—but it wasn't easy.He lost 5 deals immediately after quitting his job.Faced financial uncertainty, and had to rebuild from scratch.Now? He runs 37 high-revenue properties and is scaling to 60+ units.Inside this episode, Mark reveals:• Why most STR hosts fail—and how he pivoted from rental arbitrage•The Underserved Investor (UI) method that doubled revenue from $90K to $212K• How he chooses only high-end, well-maintained properties• His exact strategy to scale STR operations with a lean team• Why quitting his 6-figure job was the BEST decision he ever madeThinking about leaving your job for STRs? Don't do it until you hear this.Listen now and steal the blueprint!01:00 - Mastering Client Acquisition: The UI Method Explained03:53 - Guest Introduction: Industry Leader Mike Riley07:26 - From Arbitrage to Ownership: The Big Shift10:40 - Scaling Smart: How to Grow Without Overextending15:38 - The Game-Changing UI Strategy That Landed 17+ Properties22:58 - Building a Rockstar Team for Operational Freedom30:45 - The Art of Closing: Mastering High-Impact Sales Calls33:36 - Diagnosing Listings: The Brutally Honest Approach34:31 - Locking in Deals: The Follow-Up Formula That Works36:52 - The Mindset Shift That Separates Amateurs from Experts39:45 - Key Takeaways: Scaling, Sales, and Strategic GrowthGuest Bio:Mark Palmiere owns an STR management company in San Diego, CA with 37 properties.Guest Link:https://www.instagram.com/mark.palmiere/reels/Get FREE Access to our Community and Weekly Trainings:group.strsecrets.com
Buying out-of-state rental properties can feel like a gamble—so how do you ensure success and avoid costly mistakes? In this episode of Cash Flow Positive, Kenny Bedwell is joined by Jeana Deninger, an experienced short-term rental investor and consultant. With properties in Maine, Florida, and beyond, Jeana has mastered the art of managing STRs from a distance, ensuring they remain profitable while maintaining high guest satisfaction.Jeana shares the critical steps every investor should take when purchasing and managing out-of-state properties, from choosing the right markets and assembling a reliable local team to marketing effectively and optimizing guest experiences. She also discusses common mistakes investors make and the red flags to watch for when working with property managers, cleaners, and maintenance teams.If you're thinking about expanding your real estate portfolio into new markets, this episode is packed with insider strategies to help you buy, manage, and scale STR properties like a pro. Enjoy! In This Episode You'll Learn:Why hiring the right professionals can make or break your STR businessThe importance of researching local markets and guest expectationsHow to properly vet and manage cleaners, handymen, and house managersThe top mistakes investors make when buying properties sight unseenHow to market your STR to stand out and maximize bookingsWhy you should never skip inspections—and how they can save you thousandsThe smart way to budget for amenities that increase guest satisfaction and ROIAnd much more…Resources:Connect with Kenny on LinkedInFollow Kenny on InstagramSavvyBreezy.com Connect with Jeana on LinkedIn
In this episode of the Real Estate Education and Investing Podcast, Erin Spradlin and James Carlson, dive into the hot debate of whether short-term rentals (STRs) and mid-term rentals (MTRs) truly benefit from a direct booking site or if it's an unnecessary SEO battle against giants like Airbnb, VRBO, and Furnished Finder. They discuss how rental property SEO impacts visibility, why many investors struggle with direct bookings, and how social media platforms like Instagram and TikTok might influence younger renters' behaviors. The conversation then shifts to a startling real estate trend—one-third of homeowners will never sell, significantly affecting housing supply and demand. Erin and James break down what this means for investors, the impact of real estate market trends, and why homeowners not selling could change the investment landscape for years to come. If you're looking to optimize your rental property strategy and stay ahead in real estate investing, this episode is a must-listen. For more information visit: Contact James: james@jamescarlsonRE.com Contact Erin: Erin@erinspradlin.com https://www.jamescarlsonre.com/ https://www.erinandjamesrealestate.com/
What does it take to scale a thriving hospitality business from scratch—and do it at lightning speed? Today, we sit down with Patryk Swietek, founder of The Co-Host Company, a rising star in the short-term rental space who's proving that the smartest way to grow isn't always from the ground up—it's by acquiring, optimizing, and redefining what great hospitality looks like. Patryk's journey is anything but ordinary. From shoveling snow in Chicago as a kid to building a gaming server business at 14, he was wired for entrepreneurship. But after working under industry titans at AvantStay, navigating layoffs during COVID, and hitting rock bottom, he made a decision: No more playing by someone else's rules. Now, he's leading The Co-Host Company, managing over 100 high-end properties, and proving that with the right strategy, short-term rentals aren't just a side hustle — they're a serious, scalable business. We'll dive into how he leveraged acquisitions to scale quickly, his philosophy on storytelling through hospitality, and why the best listings aren't just booked—they're designed to sell an experience. Plus, we'll talk about the future of STRs, why most Airbnb ‘gurus' have disappeared, and what it really takes to stand out in an increasingly competitive landscape. Behind the Stays is brought to you by Journey — a first-of-its-kind loyalty program that brings together an alliance of the world's top independently owned and operated stays and allows travelers to earn points and perks on boutique hotels, vacation rentals, treehouses, ski chalets, glamping experiences and so much more. Your host is Zach Busekrus, Head of the Journey Alliance. If you are a hospitality entrepreneur who has a stay, or a collection of stays with soul, we'd love for you to apply to join our Alliance at journey.com/alliance.
Having the right data is one way to ensure your investment in a short-term rental is a good one. On today's episode of Zen and the Art of Real Estate Investing, John Bianchi, the Airbnb Data Guy, sits down with Jonathan to explain the importance of data when buying a short-term rental. John is the founder of STR Search, which matches clients with the highest cash-flowing short-term properties. John is also the creator of Air Valuation and Air Optimization systems. Jonathan and John discuss how John became the Airbnb Data Guy. John shares the widespread availability of data and how it has impacted inexperienced investors getting into the STR market. He and Jonathan discuss why so many new Airbnb investors fail, how he developed an interest in STRs, and his start in real estate investing with arbitrage. John reveals the importance of balancing a worst-case scenario with taking action, what he looks for in a market for STRs, and the benefits of using AirDNA to evaluate a market. Finally, Jonathan and John cover his one piece of advice for those interested in STRs and the free course you can find on his website to help you get started. John Bianchi understands the importance of data in real estate investing and arguably knows more about short-term rental markets than anyone in the business. This episode is a must-listen if you're contemplating entry into the STR world. In this episode, you will hear: How John Bianchi became the Airbnb Data Guy The widespread availability of data and its impact on inexperienced investors entering the market Operating an Airbnb and why so many new investors fail John's interest in short-term rentals and his thoughts on the acquisition of STRs by hotel chains Building communities in resort areas, selling to an investor, and the various issues involved in that type of prospect His start with arbitrage in Chicago and Scottsdale and why that method isn't for everyone Balancing a worst-case scenario with taking action Markers John looks for that indicate a good or bad market for STRs The benefits of using AirDNA to evaluate a market Why high net-worth individuals are buying STRs and not necessarily looking for them to make money What John needs to know about someone to find the right market for their STR John's one piece of advice for someone who hasn't done short-term rentals but is interested His free course on his website that teaches about STRs and the services his company offers Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/219/ to download it. Supporting Resources: STR Search - strsearch.com John Bianchi on YouTube - www.youtube.com/@theairbnbdataguy Find John on Instagram - www.instagram.com/theairbnbdataguy Connect with John on LinkedIn - www.linkedin.com/in/john-bianchi-245608a6/ John's TikTok - www.tiktok.com/@theairbnbdataguy The Bianchi Method - shop.strsearch.com/offers/hoQjGYBG/checkout Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Can AI Handle Guest Communication Better Than You? In this episode of The Smart Stay Show, we sit down with Jay Ulrich, CEO and co-founder of HostBuddy.ai, to explore how AI is revolutionizing short-term rental management. Jay, a former civil engineer turned short-term rental host, shares his journey from scaling Select Stays to 40 units to developing an AI-powered platform that learns your style, responds like you (yes, even with emojis!
Professional real estate investor, author and host of “The Real Estate Guys” Radio Show, Robert Helms joins us to discuss the nuances of mid-term, short-term rentals, and hotel real estate investing. They highlight the impact of interest rates on single-family home affordability and the role of institutional investors. Mid-term rentals cater to travelers like traveling nurses and digital nomads, offering higher monthly rents. Short-term rentals face challenges due to oversupply, but can be profitable with strategic planning. Hotels offer consistent experiences, with key metrics like occupancy and ADR. Resources: Join Keith and other faculty experts at the Investor Summit at Sea, a unique networking and learning event for real estate investors. Let the event organizers know if you want to have dinner with Keith during the event. Show Notes: GetRichEducation.com/539 GRE Free Investment Coaching:GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE I'm your host, Keith Weinhold, surprising facts about the institutional ownership share of the rental market. Then learn from a great guest tonight about how the midterm and short term rental models work and hotel real estate investing. Then you are invited to join us both on the most special real estate event that I've ever been a part of, and I'm going to return to it today on get rich education. Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Corey Coates 1:17 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:33 Welcome to GRE from London, UK to London, Ontario and across 188 nations worldwide. I'm Keith weinholden, you are inside this week's episode of Get rich education, where we aren't day trading, we are decade trading with gradual patient wealth accumulation through income properties, yet with a path that lets you live the good life of options and freedom when you're still young enough to enjoy it. Now, the shorter the period of time that your guest or your tenant stays at your place, the more that the word hospitality gets involved. Hospitality, that word has little to do with hospitals. It almost means the opposite. Hospitality means that you're now giving a warm reception to or entertaining guests or tenants. Well, that's something that you rarely do at a long term rental, but you do if you're a hotel real estate investor for sure, or maybe even a little in a short term rental, then you're in hospitality like valet parking, having a restaurant, a pool with a swim up bar, a gym, a concierge desk, or even having a lobby with travel desks of various tour companies. Right there. That's hospitality, and today as we discuss mid term rentals, then short term rentals, then hotel real estate investing, think about how the level of hospitality that you give increases as the duration of a guest or tenant stay decreases. Hospitality is one reason that long term rental rates for durations of, say, a year or more, well, they had the lowest daily rates and the least hospitality. And hotels with, say, a two night stay, have the highest daily rates and the most hospitality. This week's show is presented by ridge lending group and freedom family investments. I mean Ridge is where I get all of my investment property loans, and where I do all of my refinancings. And perhaps you should, too, because they specialize in working with investor borrowers there, so they know just what you need and what you don't Ridge lending group.com, and then freedom family investments, that's where you can make a private money loan and get a higher yield than you can with a high yield savings account. That's where I invest a share of my own liquid funds for a passive 8% return, 10% return. And now this is new. They've got offerings at 12% or more. You can learn more by texting family to 66866, next, we discuss mid term rentals, short term rentals and hotel real estate investing. This week, I'd like to welcome in a good long time real estate friend. He's been on the show here with you and I before. Besides being a deeply experienced real estate investor, he also hosts the terrific real estate guys radio show, which was a substantial influence on the launch of GRE more than 10 years ago. I mean, how many times have I suggested to you over the years that you give his show a listen? He also speaks with some of the best pipes in the industry. Hey, it's great to have back on the show this week, the incomparable Robert Helms. Robert Helms 5:07 Hey, Keith, so good to see you. Thanks for having me back. Keith Weinhold 5:11 Let me share with you. Robert is on a very short exclusive list of people that I credit for being where I am today, from how to host a professional show to being a Go Giver and Robert before we discuss mid and short term rentals in the long term rental world generally, just what's important to know in today's residential real estate market, you can take that anywhere you like. Robert Helms 5:38 Well, I think the big picture has been all about the loans and the interest rates, right? We saw rates go up, not only a lot, but quickly, and then kind of come back down a bit. Now they're headed back up, and that just has a big effect on single family homes, primarily to folks who are living in the homes, because they'll make that decision based on the affordability of their mortgage payment and the rest of the costs investors Well, you know, we think a little differently. We're not limited by a specific interest rate will pay? If I can make 9% would I pay 6% sure, if I can make 9% would I pay 7% well, I might, and so on. So I think that that's something to watch this year. For sure. There's lots of reasons to expect that we're not going to see interest rates get back down into the twos and threes and fours like we wish they would stay. Probably shouldn't happen in the first place, but you and I took advantage of it, and lots of your listeners did as well. But I think that's kind of a big picture thing. And then the other part of it is, you know, the inventory. So when people have this locked in effect, which really doesn't have anything to do with their needs or wants, they have a new job or they have another child and they want to move to a couple of notches up in a neighborhood, they don't want to get rid of their 3.12% loan and have to buy another property with 7% so we see less people moving, therefore less inventory, total inventory now somewhere just around 700,000 or below, and that's lower than it's been for the average of the last 10 years. For sure, I think that has an effect, less people are moving because of the interest rates. But at the same time, you know, there are houses that trade every single day. People do have to move. They have life situations and so forth. And then real estate investors, of course, we just look for opportunity. If we can make a spread and we can be in a property long term where the tenant pays down our mortgage and not us, well, then we're interested at almost any interest rate. Keith Weinhold 7:44 Yes, that interest rate lock in effect will persist another year. That continues to get diluted over time. Of course, though you and I both know that mortgage rates are still below their historic rate, but because of the recency bias, no one's really acting that way. By the way, the first ever rental property I bought had a six in three eights percent mortgage rate 20 years ago, and people were raving about what an incredibly low rate that was back then. But this constrains supply. And another thing that constrains available supply in today's market is more institutional players own rental property today we're talking about outfits like invitation homes and even the California State Teachers Retirement System. But one thing a lot of people don't seem to realize is that institutions like this own less than 1% of single family homes in the United States, and that's all institutions combined. And now if you just isolate that to single family rental properties, they still only own two to 3% so where we have this period of low supply and low affordability, you know, Robert, I think institutions, in a lot of these media headlines, they tend to get scapegoated or being a boogeyman. Oh, all these big players are buying up the homes, and that's why you can't buy one. But really, that's pretty overblown. So can you talk to us more about what the institutional entry into the real estate investing space has been like, which really picked up steam after the GFC about 15 years ago? Robert Helms 9:16 Yeah, it sure did. I think that folks who were managing big sums of money, and the institutional money comes from all kinds of places, real estate, Investment Trusts, insurance, pensions, funds, and then just big old companies that decide to raise money to go do something, and that money saw opportunity said, hey, you know what? This is a short term anomaly, all these prices that went down after 2008 and 2009 and when a lot of mom and pop investors were very hesitant to touch the third rail of buying more property after what they had just been through, these institutions are like that. Institutional money is not very emotional, right? It's just looking at the numbers at the same time where the nuances of institutional funds is that they also didn't have a ton of real estate experience, and so it was quite common for a couple of years that an institution would come in, and they would typically work through local brokers, and those brokers would know the market a bit. But if you could generalize, you would say that a lot of institutions overpaid. But here's the thing, when you overpay in the moment, you don't really notice that in the long term real estate investment that these guys did, it's interesting. I've been to a couple of conferences I go to almost every year that 10 years ago was mom and pop investors. And today it's a lot of suits, not too many ties. They don't send. Tend to wear ties, but a lot of suits, a lot of folks working for various levels of these funds, and they're looking at real estate as an asset class. Now I'm going to argue their real estate's not an asset class like any other, because every share of stock, every ounce of gold, every barrel of oil that anybody buys, is discretionary. You never have to invest in the stock market, in the bond market and cryptocurrency, but you cannot sit out the real estate market. From an economic perspective, I don't have to own real estate, but I'm going to have to interact financially. And so it really doesn't operate like other quote, unquote, asset classes, but I think the big folks did figure out is that there is stability in real estate. There's not the efficiency they would like, and that's a good thing for us. We like inefficiencies in the real estate market, but more and more we are seeing funds being put together, even today, to acquire property. But to your point, and it's an excellent one, you see the headlines and you see the name calling of these big, faceless, nameless corporations. They're buying up all the inventory. They're not it is a drop in the bucket compared to what mom and pops own and will continue to own Keith Weinhold 11:53 yes, and of course, I'm talking nationally. When I bring up those one two and 3% institutional share numbers, it's going to be lower in some areas, it tends to be a higher proportion of buying that the institutions do in Texas and also in a lot of southeastern markets, like Atlanta, Jacksonville, Charlotte and Tampa. Robert you have a good bit of knowledge and some involvement in the mid term rental market. We're talking about rentals of one to six months in duration. Here, can you talk to us about trends in the midterm rental market? Robert Helms 12:25 Yeah, it's a fascinating area. You know, back in the day, these would be referred to as corporate rentals, so a corporation might lease an apartment and furnish it, and then they would have different people stay there over the years, so the corporation would be responsible for the lease. I had some tenants like this many, many years ago, and it wouldn't be up to me. It'd be up to them who had the keys at the time. And a tenant might stay six or seven months. A tenant might make four or five weeks their stay. And so the idea was they needed a place for these contractors who would come in and work for a period of time to stay. But hotels were a lot more expensive. Well today you see even the folks who got involved in short term rentals making a decision to invest in people like traveling nurses who come and stay for four to six weeks, or these clients who will come in and work for two months in this location, two months in this location, two months in another location. And so they will simply stay in a short term rental type of property for a longer term. And you know, the most expensive things when it comes to real estate or turnover in vacancy. So if we can get the tenant to stay longer and pay a bit of a premium, these are often furnished units, and they don't have to worry about much. And we've had a few opportunities where what started out as a three week rental turned into a six month rental, because sometimes when they bring these folks on these companies, don't know exactly how long they're going to stay, and it's been a great kind of marketplace. There's a few folks that specialize in it. But my experience is that a lot of the people that have gravitated towards midterm rentals used to be in the short term rental business, thinking they'd rent for one or two nights, and lo and behold, they get a client that would stay for a month, and they'd say, Hey, this is pretty cool. Keith Weinhold 14:13 Some conversion rate there from short term rentals to these midterm rentals here, as Robert touched on, you do tend to get more monthly rent for a midterm rental than you do a conventional long term rental. You're going to have some experience for furnishing there. But Robert, you bring up a great point. You mentioned traveling nurses. And of course, here as real estate investors, we're often interested in who we're serving and what that demographic looks like. I also think of midterm rental clients or tenants as students in digital nomads, and oftentimes it's a person relocating where they just want to check out a place for a few months before they consider setting down roots in an area with a long term rental or buying their own place. So can you talk? More about the demographic that we're serving there, because oftentimes you want to follow their trends. Robert Helms 15:04 Yeah, very much. So, you know, today, I think there's a lot of folks that can work from a variety of locations. They do need some things, they need quiet they need a good internet connection, but they will come and go for weeks at a time. And I also think that you see more and more employers looking to contract labor. They have a job to get done. They're not sure they want to bring on a full time employee with all the cost of benefits and onboarding and all that. So they find somebody in the niche that comes in for six or eight or 12 weeks at a time, and they're the perfect candidate for short term rental. But we also see folks that are between gigs. So I might have a six week gig, and three weeks later I have another six week gig, and the three weeks in the middle, I want to go somewhere that's kind of fun to hang out. And so you do see those kind of rentals as well. Keith Weinhold 15:55 Are most long term property management companies open to managing midterm rentals? Robert Helms 16:02 Yeah, good question. There are certainly those that are, but I think we're starting to see a specialty on the aggregator side, folks that are reaching out specifically to the kinds of people who are candidates for midterm rentals from the tenant side and looking to accumulate inventory. So that's been kind of a neat thing to watch. So the focus of most property managers, they're hired by the owner of the property. Well, these groups are really their their salary gets paid for by the tenant, and they're able to negotiate on the behalf of some of these groups, you know, a better rate, better terms. They may negotiate some flexibility and the time for these folks that don't know exactly how long they're going to stay, it's an interesting new area of management, for sure. Keith Weinhold 16:52 Now, of course, we're concerned about a high occupancy rate in midterm rentals, just like we are any type of rental. What does one look for when it comes to advertising platforms. And this could be, you know, going beyond just a well known website. It might be, hey, if you have inroads with the local hospital system, oh, well, can you then funnel some of the traveling nurses, for example, into your midterm rental? Robert Helms 17:15 Yeah, most definitely, it is a specialty niche, for sure, if you're after a robust rental solution. You know, many people in midterm rentals, like in short term rentals, the vast majority of short term rental owners are not making a killing. They are. They're liquidating some cost of what they consider their second home. So the average short term rental landlord has just one property, and that's a property they bought, probably not as a rental. They brought it as a second home, and they're discovering that when they're not there, they can lease it out, and that pays for some of the costs. But there are obviously a few folks who have cracked the code and figured out which markets and where the best opportunity is, and what size units it takes to maintain a really healthy occupancy, and it's the same for this midterm rental. It's a different kind of tenant. It's mostly not families, so it's not larger units with lots of bedrooms. It's also mostly not your higher end rentals with views of the water or up near ski resorts, it's in the bigger towns where there is employment, and that employment triggers most of the midterm rental business. Keith Weinhold 18:29 You, as an investor owner, maybe your cash flow negative on your midterm rental or short term rental, however, you might be using it for a few weeks or months yourself and getting back more of the benefit that way you're listening to get rich education. We're talking with the host of the real estate guys radio show, Robert Helms, more when we come back, we discuss short term rentals, including, is there an air be in bust? I'm your host. Keith Weinhold, hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally, start now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com. Oh geez, the initial average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work. With minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is. 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866 Kristen Tate 20:39 this is author, Kristen Tate, listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 20:54 Welcome back to get rich education. We're talking about midterm short term rentals and hotels and hospitality with a long time friend of the show here, Robert Helms and Robert a few years ago, there seemed to be this word airbn bust that was beginning to be associated with Airbnbs. A lot of the difficulty in that market. So tell us, what was that all about, and where are we now with industry trends in the short term rental market? Speaker 1 21:21 Yeah, great question, Keith. What I think happened is the allure of a short term rental, having a beautiful property that people would pay a premium on a nightly rate, sounded wonderful, and it was, and it worked for a lot of folks. But then what happened is, what happens people got the word, they got excited about it, and a lot of people started holding webinars, teaching classes, doing boot camps, and before you knew it, there was way more supply than there was demand. See, the hospitality industry is amazing. The hospitality industry employs 9% of all people in the world and accounts for nearly 9% of the GDP of our planet. Travel is a gigantic industry, and it's led by smart, big, storied institutions. So for folks to come and figure I'll just compete with them with my little apartment didn't necessarily turn out so well. So there was an airbn bust, and it is still lingering today. If you want to make a profit in short term rentals, you absolutely can, but you need to be super strategic. You need to think long and hard about where and what and why and how, because it's very specific. There are certain markets that short term rentals do very, very well, and there's a lot of markets, the majority of markets, where they don't. So as long as you're willing to study and take a look and be realistic and go kick the dirt a little bit, you certainly can get the upper hand. And the reason it's exciting is the average person who owns a short term rental is not professional in any way. They probably don't have too many other rental properties. It's not a big part of what they're paying attention to in their life. And they're simply trying to liquidate some of the costs of ownership. You know, I might rental here or rental there. And the way you can tell Home Away, VRBO, Airbnb, most of the hosts, the owners, make their calendars public, and so it's easy to tell how busy they are. It's amazing to me. I'll look at a marketplace and look at a property and see that month after month after month they're at a six to 8% occupancy, which I wouldn't be excited about myself, but for someone who's got a second home and they don't mind having people stay there for a few nights, they'll pay a premium for that. They legitimately can carve down a lot of their expenses just by renting six or eight or 10% of the time. Keith Weinhold 23:58 Of course, the conventional guidance is before you buy a short term rental, you're really helping yourself out. If you have to fall back on turning that into a long term rental, it would cash flow. But of course, now you're really narrowing your criteria in what is going to work there. And Robert, when we talk about that demographic that we're serving, we touched on that in the midterm rentals. Who are we serving in short term rentals? I think conventionally, we think about vacationers and business travelers Robert Helms 24:24 it's both of those things. I think that originally, people were certainly inspired by the vacation traveler who wanted to have a little more privacy, maybe their own kitchen, maybe a little more space for the dollar. And we still see that for a family, especially a family with small kids, staying at a hotel, ordering room service, eating in the restaurant, all that adds up. And if instead you can go to the grocery store and make breakfast at home, right, you can save the costs. And so there is definitely that clientele, but you also have people in short term rental that are visiting family. They're not really on vacation. In there, just going to an area for a short period of time. We see people that criss cross the country staying in short term rentals, two nights here, three nights there. And so it does have kind of a wide variety. A lot of the markets are very seasonal. Though. There are markets like Branson, Missouri that does really good at some parts of the year and not as well as other parts of the year. Then, of course, there's year round markets. So back to if I'm thinking about it with an investor's hat on, I want to be a little more specific, in particular about what and where I buy. But if I have single family house as my second home, maybe it's in a ski area, maybe it's in a beach area, and it's fairly expensive to maintain. Well, then considering renting it out on a short term basis might help the overall cost of maintaining that property. Keith Weinhold 25:52 You know, my own personal experiences really started to get bad in short term rentals, when I would go stay in a place. And I think we've all seen those memes out there about, my gosh, I had to wash all the dishes and walk the owner's dog and still play some exorbitant cleaning fee. I think we've all kind of grappled with that at some point, but STRS are still a really viable investment for the majority of the operators. But yeah, Robert, most of my experiences in short term rentals recently, including showing up at a place where they had not done the turn. The cleaning person did not stop by. And, yeah, okay, they came over there properly. But it's like, you cannot unsee the mess that was left there before you were there. So I had a series of experiences lately that have actually steered me into staying in hotels more often. And hotels really fit my lifestyle pretty well. I like to work out at a gym. I like to have a gym on site. It's convenient to have a restaurant on site and so on. And you've been in the hospitality and hotel space serving that for a while. Why don't you talk to us about industry trends in hotels. Robert Helms 27:03 Yeah. So travelers, to a great degree, love consistency. They want to be able to rely on cleanliness, on amenities, the very things you mentioned for sure. And so hospitality has a wide range, right? There's the lower end airport hotel where nobody stays more than a night, and it doesn't have a lot of amenities, and then there's the beautiful resort properties and everything in between. But what the hotel industry has done a good job of is providing a consistent experience, and that's what people crave more than anything else. You know, we would call a short term rental more of a unique or boutique or co chair kind of experience, and you don't know what you're going to get. You don't have that consistency. Some folks don't mind that, but for the majority, especially of business travelers, they want to know what they're getting. I can remember years ago, my sister wanted to take us on a family vacation to Maui. It sounded like a good idea. And then she was the one tasked with finding us a place, and decided we would stay at the Ritz Carlton and I looked at the Ritz Carlton website and said, Ah, you know, this is not exactly where I would probably stay in a she's a chiropractor. She says, in order for me to take a week off work, I'm losing $10,000 of the business. I'm not staying in some cheap hotel. I want to stay in a luxury hotel. And we did it, and it was fabulous, and I would stay again. So the point is, if you want to be able to work out, if you want to be able to have 24 hour room service, if you want grab and go that you don't have to walk outside in the cold or the heat, then hotels make a lot of sense, and it's not an either or. They're just both elements in hospitality. I would consider a short term rental property, a hospitality property, and I would consider a 1200 room, four and a half star hotel hospitality property as well. Keith Weinhold 28:58 Sure. Of course, hotels aren't monolithic. There are so many different types. You might have a boutique hotel with a few dozen rooms to a large scale, something like you've been involved in. You've been in a large scale, ground up development for a hotel. And I don't know if you had a hope when you built your large hotel that a big chain like a Hilton or Marriott would buy it from you, or would brand it along with you. But that branding and that consistency of experience can be really important. That's something we especially associate with those larger hotels. So we have some of these things in mind. I mean, where does a new prospective hotel investor begin? Robert Helms 29:40 Yeah, it's pretty difficult to get started, because the properties are big and expensive and risky upfront. So there's a terminology we use the hotel business, which is stabilization. And stabilization is when a hotel gets to the point where it's doing about the occupancy and rate that you would expect. Respect it too long term, and that might be anywhere from two to four years. Well, in the first year, boy, there's hardly anybody there. We have a 300 plus room hotel, and the first night we were open, we had two guests and 160 employees. So you don't have to be a rocket surgeon to figure out that that math doesn't work very well. Nor did it for the first month or the first year. Today, I'm happy to say it works a lot better, but you have to have patience. Now, there's a couple of ways you can get involved. Certainly, a smaller a boutique hotel. I stayed in a hotel a couple months ago that only had eight rooms. It was marvelous. And I thought, boy, you know, probably an individual owns this, but most of the hotel properties are owned by groups or syndications, and so that's another way to get exposure to hospitality. There's some things to love about hospitality, and to me, one of the same things I love about single families is you can find professional management, like folks that really know what they're doing, and create that guest experience that was perfectly possible for someone to buy a single family home as a rental. Maybe it's in their own town, and they want to manage it themselves. And you know, maybe at first that's a good idea, so you can figure out the game you've chosen, but ultimately, you want to hand that off to a professional, in my opinion. And in hospitality, like in multifamily, you have to, you have to have somebody come in with chops to be able to take care of it. And then there's the nuance of franchise which there are hotels that are just independently owned and operated. And then there's franchise hotels. And just like buying a franchise business, you pay a little more, but you get a lot. You get all the systems and the service and the training and the marks, and many cases, you get a big, dynamic engine that brings leads and fills your heads in your beds, which is what the metric we're interested in, in hospitality. And so when we started with thinking about it might make sense, the market we were in had no branded hotels, and we thought, Well, should we be the first? And after doing a bunch of research, I came to the conclusion that, well, it's going to cost something, and there's going to be a benefit, but I don't see it the benefit outweighing the cost. And we decided not to and then, lo and behold, through a strange set of circumstances, today, we are a branded hotel, and I'm thrilled about it. In hindsight, it was the right thing to do, but do understand that most real estate investors that I know are not going to qualify. It's pretty difficult to get a franchisee agreement with one of these hotel brands. You have to have some wherewithal, some experience. They're going to look at your assets and your balance sheet. They're going to look at more than you can imagine to make sure that you're worth betting on, that they'll put their story name on the outside of your hotel. But it does bring up another point in hospitality, which is there's just multiple streams of income in hospitality. I saw a study last year that showed that in the upper resort markets, the fancier hotels and markets you might go to that the average person whatever they spend on their nightly rate in the hotel, they spend 80 to 85% of that per day on all the other things associated with their stay. Now, some of those are going to be off campus, but the more that you can provide to the guests you've already brought onto the property, the more profitable it can be, Keith Weinhold 33:25 from resort fees to valets and more. Yes, there certainly is plenty to add on there. Maybe the last thing in hotel investing is, if someone wants to get started, what should they even be looking at, as far as say, understanding some of the metrics, like rev Park. Can you give us a quick walk around that? Robert Helms 33:45 Yeah, so if you're used to investing in apartment buildings or single family houses, you've probably seen the basic income formula. You know how to calculate for loss to lease and maybe vacancy and those things. Well, there's just a few more intricacies when it comes to hospitality, but it's not that difficult if you just think that you're renting every night instead of every month or every year, and instead of having my turnover be one tenant every two years, it's one tenant every four days. There's just a lot more to pay attention to. And so the most important metrics in the hospitality industry are obviously occupancy, how many nights our rooms are occupied? And then ADR, which is average daily rate, and that is the rate for a particular unit type on average over some period of time, typically a year. And if you were to multiply occupancy times average daily rate, that gives you a revenue per available room or RevPAR. RevPAR can be affected, and it's the primary metric that we drive to in the two ways, you can increase occupancy to increase your RevPAR, but in many cases, you don't need to increase occupancy if. The market will allow you to raise your average daily rent. We've just gone through in the last year that our occupancy is down about 2% for the year, and our average daily rate is up more than 16% so the math works that follow me on this with slightly less wear and tear on the units our owners are making more money. So it is a balance. It's not like I want maximum occupancy. Well, not necessarily. Hardest thing to manage for any hotel is a sold out night. Sounds like a good idea, but you have no wiggle room, whereas when you've got even 3% vacancy and something goes wrong in the middle of the night with somebody's unit, you can get them moved somewhere down the hall, not somewhere across town. So I would say there are some really great resources. If someone's interested in hospitality. There's a big company called the hotel valuation systems, HVs, and they have a lot of great tutorial information available if you're really interested. Go to a conference, a hotel conference, and you'll pick up the lingo pretty quick and meet some of the folks that are in the business. It is, historically, one of the highest return properties, but also a lot of high costs, and again, expect some negative cash flow at the beginning. Keith Weinhold 36:18 Yeah. Well, it was great. And you brought up something that I had not thought about before, about how 100% occupancy could actually introduce problems in the hotel space. And of course, there are a number of other things to consider, surge pricing, high seasons, low seasons, an awful lot that we don't think about when we're renting out single family homes one year at a time. Well, Robert, that's been a great walk around talking about the institutional space, midterm rentals, short term rentals and hotels, and you and I have a great collaboration coming up together. Why don't you tell our audience about it? Robert Helms 36:55 Oh my gosh. I am so thrilled that you'll be joining us again for our 23rd annual Investor Summit at sea. This event we do once a year, and by its name, you can probably tell that the majority of it happens on a cruise ship. We spend two days in beautiful Miami at a great hotel, then we jump on a luxury cruise ship for seven days. On the days that we're at sea, it's workshops and seminars and panel discussions and round table lunch discussions and all kinds of fun. And on the sea day, on the land days, we go have a good time together. It's extraordinary. You've been with us before, and I'm super excited to have you back with us on faculty, and excited that we're going to get to brainstorm a little bit with a couple other podcasters. So some of the OGS are going to be on this particular summit. Keith Weinhold 37:43 Yes, it is June 20 to 29th this year, where we spend the first two days on land in Miami, and then we spend a week cruising to the Bahamas, St Thomas in St Martin. We're doing it on a beautiful ship, the celebrity beyond. So as one of the faculty members, you'll get to see me do a 50 to 60 minute presentation, a couple of lunch, round table discussions. I might be on a panel or two, and also host a table for dinner each night where participants like you rotate around at the tables, and that way you get to chat directly with most or all of the faculty members. That way. Yes, Robert, I was there in 2016 as an attendee. It's great to finally come back as a faculty member. I will be putting the second pepper on the necklace. Robert Helms 38:29 All right. Well, it's gonna be a ton of fun. And the great thing about it is we have people from all over the world that come and you get in these awesome conversations. You know, you go to a one day or two days seminar, and you get to connect with some people, but boy, and this week, you're going to have a chance to meet all kinds of folks. And the faculty is amazing. Our mutual friend Ken McElroy will be back with us for his 12th year. Peter Schiff's going to be back with us again. We've got the George gammon coming. Brian London, who runs the New Orleans investment conference that you and I usually rub shoulders at, and ton more, just a really great time. And if you're serious about collapsing time frames, you can get more done in nine days on the Investor Summit that you can probably get of two years of just haphazardly going to conferences and watching webinars and listening to podcasts Keith Weinhold 39:18 you will see what we mean if you attend, about putting a pepper on the necklace and what that is all about. I can tell you from attending in 2016 just one previous appearance there. It is the greatest real estate event that I have ever attended. It's really immersive. It's really fun. Of course, you get off on these ports, and there's a beach component to it as well. It's not a low cost event, but as I like to say, it's not cheap, but neither are you. Robert Helms 39:50 It is an investment, that's for sure. I think it's important that you approach it that way, right? As investors, we demand a return. On our investment, and you should do that on the summit. Don't just show up and have a party time. That'll be great. It'll be fun. But be strategic about who you want to meet, who you want to hang out with, and who you want to learn from. The faculty is like no other. We'll have at least 15 faculty members. There's a couple more that we're working on, whose names you would know, but we are not ready to announce yet, but it's going to be so much fun. Oftentimes, the best people you meet, you meet at dinner, or you meet at the beach, or you meet out on deck. So we'd love to have you join us and tell you what, if someone is listening to your show, Keith, and they would love to have dinner with you. All they have to do is let us know that when they register say, you know, I want a chance to have meal with Keith, and I think we can make that happen. Keith Weinhold 40:45 Oh, that's great. And, you know, Robert, it's rare. It's the type of event where, even though it's been nine years since I was there, you developed such a close kinship with the like minded attendees that, you know, I might see a some of it's a Facebook friend now, you know, Steve or Dave or something. And I'll always remember, oh yeah, I met Steve on real estate guys Investor Summit to see it's almost like a relationship you would have with, like, a long ago high school classmate, to be around each other for nine days and all these places. It just kind of brings this different element to it. You can learn more at Investorsummitatsea.com, and get registered there. You can see my smiling face in the faculty section along with the other faculty members. Remember, it's really about all the other people that you meet. You have any last thoughts about the terrific Investor Summit at Sea Robert? Robert Helms 41:36 I would just say that in life, we tend to regret the things that we don't do a lot more than the things that we do. So get on board. You'll have an amazing time. No matter how great we say it is. It's better than that. It's like summer camp for the affluent, summer camp. As a kid, you didn't want to go, you weren't sure, and by the end, you were lifelong buddies. It's like that. It's investing on steroids. The photo ops are amazing, and you'll meet super cool people, plus you'll get the hangout with Keith and I. So I would say join us for the 23rd annual investors Summit. Keith Weinhold 42:14 There's wisdom out there that says you should say no to more things in life, and in one tranche, that makes sense, and you also need to say yes to more things in life that fits the category. Here with the Great Investor Summit at Sea I really anticipated. It's one of my biggest events of the year. And Robert, it's been great having you back on the show. Robert Helms 42:35 Thanks so much, Keith, and appreciate your listeners. Listening in today. Don't quit your Daydream Keith Weinhold 42:42 Well, said. Next week on the show, we talk about how to streamline the operations at your rental properties. Is it better to own rental property with, say, two bathrooms rather than one, or is that just another faucet that can leak and shower that can leak and toilet that can clog, and the pros and cons of allowing your tenant to have a pet in your rental unit, it's those sort of operational things and more that we help you improve next week right here on The GRE podcast, it's interesting about investing in a hotel to such a large scale that you can court major franchise branding, like with Hilton, Marriott Wyndham or Hyatt, which Robert has successfully done. And I have visited that property of his with him in person, and it's amazing what he's done there. And you know something, I have rarely met an American, or any global resident that is averse to staying at a branded hotel. I mean, that only seems to be an attractant. Now in the US, some people, they used to dislike franchise restaurants. I even remember people saying, Hey, we don't need another chain restaurant in my town. But I've never seen people scorn chain hotels and today, I mean, in the here and now, people seem to want both franchise restaurants and hotels. I mean today, you're more likely to hear something like hey. When is our town getting a Chick fil A? Why don't we have one yet? And of course, there is plenty of opportunities in these shorter term stay spaces without ever attracting a branding deal, major thanks to the terrific Robert helms today for his keen insight on shorter term rental real estate. This event, June's investor summon at sea is such a good time, and Robert really knows how to host it and make sure you have a good time. After doing it for more than 20 years, it is a rich, immersive experience with people, places, learning and. And relationship building. It's the type of experience that you just can't get from an Instagram reel. It does draw attendees worldwide, although most attendees were from the US when I was there that one previous time. When you register, if you want to make sure that you get dinner with me, let them know, and we'll make it happen, because we know that you haven't heard enough of my voice every single week for more than a decade now, right? In my opinion, it is the crown jewel of world real estate investing events start at Investorsummitatsea.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 45:46 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 46:14 The preceding program was brought to you by your home for wealth building. Get rich education.com
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