Podcasts about vrbos

Stephanie, her husband, and their 13-year-old daughter flew from Texas to spend almost two full weeks in Hawaii. They visited three islands, stayed in VRBOs and at Disney's Aulani Resort, and packed in multiple activities. She shares what was worth the time and money, and what activities were a one-and-done.   Post trip begins: 30 minutes   Links: Aulani request from Small World Vacations Walt Disney World Crowd Calendar 6 Step Disney World Planning Process   Leave me a message (including trip report submissions) Please use the SpeakPipe link below to leave us a message with your first name, location, and trip info. Be sure to include your exact trip dates, who is in your party, where you will stay, and anything unique about the trip. You can do that using your computer or phone at https://www.speakpipe.com/WDWPrepToGo   Subscribe to get new episodes There are a few ways to get new episodes of WDW Prep to Go (if you're used to listening on the website, subscribe so you can take new episodes with you on your phone) Subscribe in iTunes  (and please leave a review!) Subscribe in Google Podcasts   Follow on social media Instagram Facebook Pinterest TikTok YouTube   Ways to support us Become a Patron Get a quote request for a future trip from Small World Vacations Subscribe to the WDW Prep School weekly newsletter Podcast Episode Finder WDW Prep Merch Visit the site Things we recommend   Affiliate Links: Amazon DVC Rentals Quicksilver Tours and Transportation Small World Vacations Designer Park Co - Use code “WDWPrep” to save 10%

The city will begin enforcing its new regulations for Airbnbs and Vrbos beginning in October.

Can converting hotels into apartments solve the affordable housing crisis while providing a lucrative investment opportunity?   In this episode, host Angel Williams sits down with Alex Cartwright, an Associate Professor of Economics at Ferris State University and a real estate investor focused on hotel-to-apartment conversions. Alex shares his journey from traditional multifamily syndication to discovering the untapped potential of converting struggling hotels into affordable housing. He discusses the challenges and advantages of this unique investment strategy, emphasizing the growing demand for workforce housing and the limited supply of old hotels ripe for conversion. Alex also delves into the financial aspects of hotel conversions, explaining how the shift from hotel to multifamily cap rates can lead to significant returns with limited downside risk.   Alex conducts macroeconomic analysis on target markets and conducts the underwriting for Vilicus Capital offerings.  Alex has also previously worked as a consultant with one of the biggest mobile home owners in the country.    00:00:00 - 00:03:00 - From Traditional Multifamily to Hotel Conversions   Alex found it increasingly difficult to find deals in traditional multifamily syndication. He sought a niche where he could be known as the expert and scale his business. A broker introduced him to the concept of hotel-to-apartment conversions.   00:03:00 - 00:08:00 - The Demand for Affordable Housing and Supply of Old Hotels   Affordable housing is in high demand, but no one is building it. Hotels have a limited lifespan and struggle to compete with VRBOs and Airbnbs. Converting old hotels into apartments can unlock their value and meet the demand for workforce housing.   00:08:00 - 00:14:00 - Navigating the Challenges of Hotel Conversions   Cities are often open to rezoning old hotels into multifamily properties to create more affordable housing. Converting hotels floor-by-floor allows for maintaining cash flow during the process. Hotels often serve as "proxy apartment buildings" for those on the edge of homelessness or in need of simple, affordable living arrangements.   00:14:00 - 00:16:00 - The Financial Conversion: From Hotel to Multifamily Cap Rates   The real conversion is financial, as hotels trade at a lower cap rate than multifamily properties. Buying at a hotel cap rate and refinancing at a multifamily cap rate can lead to significant returns. The lower basis in hotel conversions provides upside potential and downside protection.   00:16:00 - 00:19:00 - A Real-World Example: The Houston Hotel Conversion   Alex's recent Houston hotel purchase was acquired at $28,000 per door, significantly lower than competing multifamily properties. The low cost basis allows for flexibility in rental rates and a cushion against downside risk. While finding the right deal takes work, hotel conversion opportunities are not as rare as one might think.   Quotes: - "Affordable housing is exactly what no one is building, and affordable housing is exactly what disappears every time another syndication group buys the C class property and upgrades it to a B minus." - Alex Cartwright   - "The real conversion is actually a financial conversion because a hotel trades at a cap rate, usually in the low to mid teens, and a cap rate. It's fundamentally some measure about how durable the income stream is on an asset is the income consistent and is the income growing." - Alex Cartwright   Connect with Alex: Website: www.Vilicus.Capital   Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing.  Head over to our Facebook Page, Youtube Channel, or website  https://www.theacademypresents.com/jointhesummit36848306. a  

On this week's episode, we're talking all about the issues that the short-term rental industry is facing—how Airbnbs and VRBOs are perceived, the drawbacks to staying in one, and why people in Colorado mountain towns are trying to cut down on the short-term rentals in their neighborhoods. Emma chats with the University of Denver's Cheri Young about the evolution of short-term rentals and common complaints about the industry. We're also joined by Colorado Sun reporter Jason Blevins, who lends a bird's-eye view of the battle over short-term rentals in Colorado mountain towns. Cheri Young is an Associate Professor in the Knoebel School of Hospitality Management in the Daniels College of Business at the University of Denver. A passionate, talented designer of engaging learning environments through the use of community-engaged service learning, Dr. Young's teaching has been recognized by the U.S. State Department and the International Council for Hotel, Restaurant, and Institutional Education. While her primary teaching areas include organizational behavior, labor relations, and human resources, her life's purpose is to help others realize their highest potential. Jason Blevins is co-founder of and reporter for The Colorado Sun. He lives in Eagle, CO, and covers everything from the Western slope and public lands to the outdoors, the ski industry, mountain business and housing.

If you live in the Palisade area, Tammy Craig probably knows what the inside of your house looks like. Twenty years of helping people sell and buy houses will do that to you. An entrepreneur at heart, when the space next to her brokerage, Fruit & Wine Real Estate, became available, Tammy also added gallery owner to her resume. The Craig Galley recently had their grand re-opening, with a new format, new artists, and new hours. I caught up with Tammy in her office in downtown Palisade to hear more about her art and the artists who are showing at The Craig Gallery. We also talked about her path back to Palisade, why Palisade is such an unusual place to buy and sell real estate, the surprising reasons that she, as a seller of real estate, isn't very into subdivisions and VRBOs, and the tensions that long time residents have felt as so-called city people (like yours truly!) have moved into Palisade over the past few years. For more info on Fruit & Wine Real Estate: fruitandwine.net or The Craig Gallery: craiggallerypalisade.com. For more info about the podcast, check out our website: postcardsfrompalisade.com.

Ball Ground could soon collect hotel/motel taxes on Airbnbs and VRBOs From the Ingles Studio this is your news minute on the Cherokee Tribune Ledger Podcast presented by Powers Electrical Solutions. Today is Friday, September 15th and I'm Keith Ippolito. The Ball Ground City Council is set to vote on implementing a 5% hotel/motel tax that would apply to short-term rentals like Airbnb and VRBO. The tax revenue would be used for infrastructure improvements, city events, and tourism promotion. Around three-fifths of the tax would go towards downtown district improvements and events, while 2% would be allocated for city promotion and tourism-related venues. Although Ball Ground currently lacks hotels or motels, it anticipates generating $8,000 to $12,000 annually from this tax, thanks to 24 short-term rental units in the planning stages. Other nearby areas, including Cherokee County, Canton, Holly Springs, and Woodstock, already have similar taxes in place. If approved, the council will also consider amending the fee schedule to include hotel/motel taxes during the same meeting, which also includes discussions on various other topics, including an American Rescue Plan Act budget and vending machine standards. For more news about our community, visit tribuneledgernews.com. For the Tribune Ledger Podcast I'm Keith Ippolito www.powerselectricga.com www.ingles-markets.com www.henssler.comSee omnystudio.com/listener for privacy information.

Sharply higher insurance premiums are affecting property owners nationwide. It's especially bad in: CA, LA, FL, TX and CO. This is due to erratic weather (climate) and higher rebuilding costs.  Phenomena like an increasing intensity and frequency of hurricanes, tornadoes, wildfires, and floods are sending some insurers out of business. State Farm and AllState completely stopped issuing new homeowner policies in California. Some areas are on the brink of becoming completely UNinsurable. In that case, the only sales that could occur with all cash buyers. Learn three techniques to keep your skyrocketing insurance costs lower. As you'll learn today, landlords have more options than homeowners for navigating spiking insurance rates. Then, listen to a CNBC clip along with me about how the end of ZIRP (zero interest rate policy) affects your life and investments. Resources mentioned: Show Notes: www.GetRichEducation.com/461 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE 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”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach 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 Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Welcome to GRE! I'm your host, Keith Weinhold. First, I'm going to help you make your real estate more profitable in the near term as I discuss how to deal with skyrocketing property insurance costs.    Later, I'll inform your strategy about your long-term, overall personal finance as we talk about what the end of free money means in this new era of higher interest rates. Today, on Get Rich Education. ____________   Welcome to GRE! From Tirana, Albania to Albany, New York and across 188 nations worldwide, I'm Keith Weinhold and you're listening to Get Rich Education.   This is how real wealth is built in the real world with real estate. We aren't day traders. We are DECADE traders.   And we do that with the right mission. Let's invest directly in America - own real property in American neighborhoods, and provide housing that's clean, safe, affordable and functional.   And when we all do that, we can abolish the term “slumlord”.   Conversely, what do some people think about first? Themselves.   [RIC FLAIR CLIP]   Ha ha ha! Over the top with some vintage Ric Flair. There's nothing wrong with living well. But that best comes as a byproduct of serving OTHERS first.   Let's talk about the SKYROCKETING cost of property insurance. Why it's happening, what MY experience is, and what you can do to manage it.   First of all, and I hope that none of my insurance agents are listening, but why would you ever work in the insurance industry?    And I kid. But that's got to be one of the most boring industries to work in.   What 15-year-old ever says that when they grow up, they want to be an insurance broker? Nobody.   But, in any case, it is a STABLE industry because there will long be a need for insurance.   But, I mean, even your customers - the policyholders like us - we don't really want insurance.   Insurance ads all say the same thing: “Switch and save.” No one has seen an advertisement from this industry that says, “Upgrade for better coverage.”    That's because so many people just want the minimum coverage and want to get on with their lives… until a calamity occurs.   But now, the insurance industry has gotten SOMEWHAT more interesting lately, the effects of which center around erratic weather… maybe you like calling it climate change, maybe you don't.   But suffice to say, if erratic weather persists, then it's no longer erratic, rather, it is, in fact, a pattern, and then, a change in a region's climate.   The intensity & frequency of storms is increasing. I'm talking about weather phenomena like hurricanes, floods, wildfires, tornadoes, and even high snowfall.    Inflation also means that there are rising COSTS to rebuild.    And RE-insurance costs are higher. Yes, your insurance company gets insurance from insurers themselves, called re-insurance. Re-insurance companies insure insurers.   Everyone knows State Farm's jingle. “Like a good neighbor, State Farm is there.” No, State Farm is gone.    State Farm is the largest home insurer in CA. So they're the largest home insurer in the most populous state.   Well, you might have heard a few months ago that they're completely stopping issuance of new home insurance policies in all of CA. And AllState followed shortly afterward.   Persistent wildfires are a culprit there.   Insurance companies can't make any money so it's hard to blame them.   Well, why don't they just, say, double their premiums? Some sure have. Others can't because of competition for lower rates from other companies.    But a lot of SMALLER insurance companies - including many in Florida - have done just that. They've gone out of business… and when there are fewer companies in business - less competition - that's when rates can get jacked up high.   Insurance rates are up the most in many of the states that have the greatest incidence of hurricanes, floods, and wildfires.   What are the states where rates are rising most?    CA, LA, and FL. And after that, TX and CO too, and some other states.    TX is one state that's subject to both hurricanes and tornadoes - hurricanes in SE Texas - Galveston, Houston and Corpus Christi.   And tornadoes in NE Texas, like Dallas-Fort Worth.   So, when hazards happen, losses can occur. That's why your lienholder - your mortgage holder - forces you to have insurance. They require you to have it because they're not willing to take that risk.   Louisiana's problems with insurers REALLY compounded a few years ago when Hurricanes Delta, Ida, and Laura hit the state. That created a true crisis in Louisiana's insurance market.    A lot of insurers just left with $24B in insurance claims during that period. Others in Louisiana stopped issuing new policies and increased the premiums on the existing insured homeowners.   Now, I'm going to center on the homeowner's insurance problem in Florida soon, because Florida is a popular investor state, I own a lot of rental properties in Florida and I'll tell you about my personal insurance experience there shortly.    When it comes to wildfires - which are often spurred by hot, dry, and windy weather conditions, some areas are on the brink of becoming completely UNinsurable.    California has a bunch of regions like that. And other places like Bend, Oregon and Boulder, CO are in danger of insurance denial because the homes are surrounded by forest.    If that happens there, the only resale market for the properties would be to all-cash buyers, unless the state ever comes in to buy them out since people were ALLOWED to build there in the first place.   Now, notice that I haven't mentioned earthquakes yet. Earthquakes aren't related to the surface weather like hurricanes and wildfires and these other things are.   Earthquake insurance, which many people have in places like CA, WA, OR and AK is often a completely SEPARATE policy from your standard homeowner's policy and EQ insurance is prohibitively expensive.   Besides that, their deductibles can be high, like 10 or 20%. If an earthquake completely destroys your $500K home and you have a 20% deductible…   … then to even make a claim, you'd need to come out of pocket $100K first - plus you'd be paying high premiums all that time just to have that condition!   Anchorage, AK had a big magnitude 7.1 earthquake back in 2018.    I was in Anchorage when it happened and I told you about that here on the show back then. I was pretty shaken up.    At the time, I owned dozens of apartment units in Anchorage. I don't anymore. I had, maybe $40,000 of out-of-pocket cosmetic damage that I had to pay from that one earthquake.   Lienholders DO not make EQ coverage a necessity, and 25% of Anchorage homeowners had coverage before the quake. It went up to 35% afterward.   Fortunately, the top cash flow REI areas don't tend to be in the west coast of the United States.   So, how high have some of these insurance premiums gotten in states known for disasters?   Well, the average is about $225 per month in LA. In TX, it's $250 per month on their average $300K home, and in Florida it's about $325 monthly on a $300K home.    Of course, that's going to vary by what region of the state you're in and distance from the coast and such.   One weather phenomena that I haven't seen any evidence of in contributing to higher insurance costs is heat itself.    This summer, Phoenix hit a new record for consecutive days that exceeded 110 degrees Fahrenheit. That went on for weeks on end.   But heat in itself, and its resultant air conditioner use and power load - is not something directly attributable to escalating insurance costs, unless power load problems start a fire.   Now, you keep hearing about climate migrants moving to more northerly places with access to a lot of fresh water like Minnesota, Michigan, and Wisconsin.   But these stories seem to be largely anecdotal and of little impact.   The faster-growing areas continue to be in the Mojave and Sonoran deserts - that's Las Vegas and Phoenix - places with lots of heat, rising heat, and dry conditions.    And despite what you might think, they're not going to run out of water anytime soon.    Those deserts actually have a lower incidence of natural disasters too, which is one reason why they've built new microchip plants in Phoenix.    Climate migrants moving north might be a thing at some point - but it still is not.   Well, speaking of hot in-migration states, Florida has had a LIGHT hurricane season so far. But that's not the kind of thing that we can count on for long.   Rates have gone up more than 50% throughout the state of Florida, with ALL insurance carriers.    Carriers are either pulling out of the state (because its not profitable for them), or they're increasing rates across the board, or they're not renewing policyholders.   Now, I've had my rates hiked up on my Florida properties more than once.    There, it's often because an insurance company goes out of business due to too many claims, and then I have to switch to another landlord's policy carrier that always has higher rates.   So here's what happens. I get a notice in the US mail that my current insurer on a Florida rental SFH - call them Insurer A - is going out of business in 5 months and that I have 5 months to find a new insurer - call them Insurer B.   So I take a photo of that notice and forward it over to my Florida insurance agent and ask them to give me quotes for my new prospective Insurer B.    Now, say that if you don't do that.    If you don't ask your insurance broker or agent to get you a new policy, if you don't act, here's what happens.   Say that the 5-month deadline approaches and you still don't have new coverage lined up.   Your mortgage holder, call them Wells Fargo or Chase, they'll send you a notice in the mail and remind you that it's required that you have insurance in place – because Wells Fargo or Chase doesn't want to be on the hook for the risk… and if you don't get a new insurer - Wells Fargo, say, will buy a policy FOR you & make you pay it.   And the insurance that they buy for you will have lesser coverage and cost way more.   It seems like, whoever the bank is, they always tell me that they're going to buy me an ultra-pricey policy with Lloyd's of London.   So again, it doesn't entail too much work on your part. If your insurer is going out of business or just doesn't want to issue you a new policy, share that notice with your insurance person and ask them for new quotes. That's a quick, easy thing to do.   And then, when you switch insurance companies, your PM must submit photos of your rental home to the new insurer within something like 15 days.   Over the past few years, I think I've had Florida properties where the premiums have been hiked up steeply twice. I seem to remember a complete doubling a year or two ago.   More recently, I had 30% rate increases on some of my Florida rental properties.   So how much am I paying now? Well, on one Florida rental SFH that has a market value of about $300K, I'm paying $330 per month.    Of course, for your long-term rental properties, your landlord insurance contract should provide what's called “loss of rents,” coverage.   That's something that OO homeowner's policies don't have.    That means that if your property is damaged and your tenants are displaced, your insurer pays the fair market rent to you since the tenant won't. That's typically capped at 12 months.   On your STRs - like AirBnBs and VRBOs, the coverage that you want is called “lost business income” with no time limit. And that might take an upgrade to a commercial insurance policy for STRs.   Alright, so let's get to something actionable. We are real estate investors for the production of income.   So amidst what are perhaps UNPRECEDENTED increases in insurance premiums these last few years, how do you navigate this, and what do you do to stay profitable?   Well, whether you're an OO or a rental property owner, you can do things like make sure that your coverage is appropriate.   You can raise your deductible amount to reduce your annual premium, of course.   The more financially strong that you are, the higher you can make your deductible because the less a claim is going to impact you.   But as a rental property owner, you have a FEW LEVERS that you can pull that OOs cannot.   The big one - is that this is your cue to RAISE THE RENT.   Yes, higher insurance premiums point to raising the rent.    Really, this is like a game of hot potato… and it is your job to pass along the potato. That's all that you're doing here.   See, the reinsurer raised rates on your property insurer.   Your property insurer is raising the rate premium on you, the property owner.   Now it's your job to pass along the hot potato to the tenant in the form of a rent increase.   Then your tenant has to pass along the hot potato by asking their employer for a raise or finding new employment.   And it keeps going, now your tenant's employer needs to pass along the higher labor cost in the form of raising consumer prices on the goods or services that they produce… and it continues throughout the economy.   That's how inflation works.   It's your job to pass along the hot potato.   What if the tenant leaves? Well, there's always that possibility.    But if they go to rent or buy a “like” property, it's still going to have the same higher insurance cost that they'd have to pay.   For help with that, and this is the second time that I referred back to this recently, in Episode 449, just twelve weeks ago, I provided you with 12 ways to raise the rent. Again, that's Episode 449.   You always want to provide a REASON to the tenant about why their rent is increasing, say 5% in this case for example.   Nothing beats the truth. Your insurance costs are higher. That's the reason.   Now, you might be wondering, if, say, insurance costs just rose 30%, like they did on one of my own properties recently, then how is a 5% rent increase going to offset that?   That's because your rent amount is multiples more than your monthly insurance amount.   If your rent on a property goes from $2,000 to $2,100, that's just 5%, but it's a $100 increase in your income.   If your monthly insurance cost goes from $200 up 30% to $260. That's a $60 decrease in your income.   You have a $100 gain from rent and just a $60 deduction from your insurance increase, and you've more than offset it. It's THAT effect.   Now, what if your numbers don't work for raising the rent though? As an income property owner, you have other levers that you can pull that are less palatable as an OO.   That is, can you sell the property? If you're in SFRs, there is a big buyer appetite for them.   And in just the past three years, there's been so much appreciation that you might have a lot of equity such that you can trade it up for 2 SFRs.   Now, new-build properties in a place like Florida have substantially lower insurance costs than older properties, because new-build properties are built to more stringent wind resistance requirements.   So you might trade up your older, existing Florida property in this case for a new-build property that has lower insurance deductibles.   Insurance costs ALONE rarely drive investment decisions. But it's the fact that you'd get to reposition dollars at a higher leverage ratio at the same time.   But now, if you've owned the property for, say 2 years or more, you might lose your ultra-low rate mortgage that you got a few years ago.   You need to run some numbers and see if it's worth giving up your low mortgage rate in order to get more leverage and lower insurance premiums. That's the trade-off.   See what works best for you.   So, your first lever is clearly to just raise the rent on your existing properties that have higher insurance rates.   To summarize what you can do to meet higher insurance premiums is:   #1 - Raise the rent. #2 - Tilt your portfolio into more NEW-BUILD properties in some markets, and #3 - Increase your deductibles.   They are the actionable takeaways that I really wanted to share with you today.    Keep investing. Tweak your strategy where you need to. Be sure that your tenants are taken care of.   And after that, remember, that it's common that when you have an insurance CLAIM, that you often profit from the event when your claim pays more than your actual losses were.   Coming up shortly, the 15-year Era of Money for Nothing is Over. How does this new era look and how do you adjust to it?   There is more real estate news and more that impacts your personal finances every week that we can cover in one big, weekly show here.   Strip Malls are Hot (yes, really) Strip malls are hot, Old Houses are Now as Valuable as New Houses, and Zillow predicts 6.3% HPA from June of this year to June of next year.   More details on stories like that, as well as my breakdowns of developments like that are in our Don't Quit Your Daydream Letter. You can get it free. Just text “GRE” to “66866”.    Actionable real estate guidance, breaking news, and a dose of my dorky, cornball humor are all in the letter.   Get it free by texting “GRE” to 66866. More next. I'm Keith Weinhold. You're listening to Get Rich Education. _____________   Welcome back to Get Rich Education. This is Episode 461. I'm your host, Keith Weinhold.   The United States is entering a new economic era. 15 years of access to nearly FREE MONEY has come to an end.   Let's listen in to this terrific CNBC compilation where you'll hear the voices of a number of economists, reporters, and directly from people that used to work at the Fed… on what this all means with the end of Fed Funds Rates at zero - the good and the bad.   Some familiar voices that you'll hear include CNBC's Steve Leisman.   And, near the end, Former Fed Chair Ben Bernanke.   This is about 12 minutes in length and then I will come back to comment.   [CNBC Clip]   Let's remember that economies work slowly. There are lag effects. The Fed began hiking rates in March of 2022.   And higher rates are only starting their job, not finishing.   Today, higher insurance premiums and a higher cost of MONEY (which is what interest rates are) are trends to navigate.   With both, if you're a landlord, you can raise the rent.    Longer-term, have that 30-year FIRD. Just that plain, vanilla loan in most cases. Nothing fancy.    That's because, living in the US has many benefits, like stunning national parks, seedless watermelon, and pizza with cheese baked into the crust.   But it's got something even better, even better than fixing your rate for 30 years. It's that ability for you to refinance as soon as rates drop.   You get to alter the deal whenever it's best for you whenever you're in residential real estate.   Well, at the end of the show, I've learned that you're often thinking “I want more. How can I get more content like this without having to wait until next week?”   I often like to leave you with something actionable at the end. Get our Don't Quit Your Daydream Letter. I write every word myself. You can get it free right now. Just text “GRE” to “66866”.    Until next week, I'm your host, Keith Weinhold. DQYD!

In this episode of the Impact Defense Podcast we talk about staying safe when you are staying away on vacation. SUPPORT US Starting at just $0.99/month https://anchor.fm/impactdefense/support Check out our partners and support our mission to educate others about self defense. Pick up some Blackout Coffee! www.ImpactGear.live/coffee, and use Coupon Code IMPACTDEFENSE for 10% off your order! Upgrade your holster to an Alien Gear Holster today at www.impactgear.live/aliengear     Or if you prefer, check out We The People Holsters: www.impactgear.live/wethepeople   Visit www.TheAtomicBear.com and use the coupon code IMPACTDEFENSE at checkout to get 20% off your entire purchase!     Visit www.SirtPistol.com and use the coupon code IMPACTDEFENSE at checkout to get 10% off your firearm training tools!     Visit www.Invisawear.com and use the coupon code IMPACTDEFENSE at checkout to get 10% off your entire purchase!      Looking for quality at home exercise equipment? www.impactgear.live/flybird   Looking for camping/storage food? www.impactgear.live/valleyfood   Get your firearms and gear here: www.impactgear.live/brownells   Build your custom AR here: www.impactgear.live/customgun Get ammo and more at Global Ordnance: www.impactgear.live/GO Check out some awesome holsters at: www.impactgear.live/JM4 Get the best hearing protection in the game: www.impactgear.live/proears Find Outdoor and Camping gear at: www.impactgear.live/outdoor Get awesome Concealed Carry Bags and Cases at: www.impactgear.live/elite Check out the many many knives at: www.impactgear.live/knifecountry For information on attending or hosting a seminar or class visit www.impactdefense.online Here are a few Everyday Carry Self Defense Tools that we like:   Saber Pepper Spray: https://amzn.to/3ytSbKA   Mace Brand Spray & Personal Alarm: https://amzn.to/3y6bkAG   Atomic Bear Rebel Tactical Pen: https://bit.ly/3xYc4rA   Fox 479 Folding Karambit: https://amzn.to/3bvPK0R   Smith & Wesson Extreme Ops Karambit: https://amzn.to/3bpS2yv Train with the pistol without spending $1,000s on ammo: https://amzn.to/3Nx7DJS Self Defense Tool Reviews Playlist – https://youtube.com/playlist?list=PLiOlN6IhPUCeCigB0zjE-ki8KCqUEqfPJ Let's connect:   Instagram – @impact_defense   Twitter – @defenseimpact   Facebook - www.facebook.com/impactdefense   TikTok- @impactdefense     YouTube- www.youtube.com/c/impactdefense Our mission with Impact Defense is to educate and inspire as many people as possible to take self protection seriously. --- Support this podcast: https://podcasters.spotify.com/pod/show/impactdefense/support

Do Airbnb or VRBOs come with cleaning? Join Cleanfluencer Angela Brown as she uncovers the truth behind when and how Airbnb, VRBO, and other vacation rentals ensure a clean environment for guests. This video is tailored for hosts, guests, owners, and cleaners, providing valuable insights into targeted cleaning practices. Gain practical knowledge that will empower you to make informed decisions and ensure your future stays or rentals are met with the utmost cleanliness and satisfaction.  Tune in weekly for the latest cleaning tips and strategies, including best practices for turnover cleaning, move-in, move-out, make-ready, and end-of-tenancy cleaning. Angela is also the founder of Savvy Cleaner Training and Certification, available in 191 languages and popular in 37 countries, helping cleaners improve their skills and service worldwide.  Don't miss out on this valuable resource for all your cleaning needs, whether it's hotel cleaning, housekeeping, maid service, deep cleaning, spring cleaning, regular cleaning, one-time cleaning, emergency cleaning, post-construction cleaning, post-renovation cleaning, or office cleaning.  Join Angela and her community of dedicated property cleaning experts today! AIRBNB OR VRBO COME WITH CLEANING CHAPTERS ------------------ 0:00 - Do most Airbnbs come with a cleaning service? 0:31 - What is turnover service, and what does it include? 1:33 - Is a cleaning service provided during a short-term stay? 1:46 - Are long-term stays more likely to have a cleaning service? 1:56 - How do hosts handle cleaning during multi-week stays? 2:41 - What is a mid-stay clean, and when does it typically occur? 3:03 - What cleaning supplies should be available in most Airbnbs? 3:16 - Do guests need to pay extra for an additional cleaning service? 3:50 - Is there a maid service for daily cleaning or a turndown service? RESOURCES ------------------ Airbnb Business - https://amzn.to/3zoCZ11 How to Start & Scale an Airbnb Business Without Owning Property - https://amzn.to/3lYQ3af Short-Term Rental, Long-Term Wealth - https://amzn.to/3Kr7fyl The Book on Rental Property Investing - https://amzn.to/3U1Rtgw Sales Closing Affirmations for Property Sellers - https://youtu.be/fjsEjwfw9o8 * When available, we use affiliate links, and as Amazon Associates, we earn on qualifying purchases. SOCIAL MEDIA --------------- *** CONNECT WITH ANGELA ON SOCIAL MEDIA ***  YouTube: https://www.youtube.com/@AskAngelaBrown Facebook: https://www.Facebook.com/AskAngelaBrown Twitter: https://Twitter.com/AskAngelaBrown Instagram: https://instagram.com/AskAngelaBrown Pinterest: https://Pinterest.com/AskAngelaBrown Reddit: https://Pinterest.com/AskAngelaBrown Linkedin: https://www.linkedin.com/in/AskAngelaBrown TikTok: https://www.tiktok.com/@askangelabrown Store: https://www.amazon.com/shop/AngelaBrown URL: https://AngelaBrown.com NEED MORE HELP? ------------------- VRBO AIRBNB CLEANING – Cleaning tips and strategies for your short-term rental  https://TurnoverCleaningTips.com  VRBO Cleaning Support Group - https://svy.tips/FBGroup-Airbnb SPONSORSHIPS & BRANDS ------------------- Today's #TurnoverCleaningTips are sponsored by #RealtySuccess in association with #SavvyCleaner, and your host is #AngelaBrown - https://g.page/r/CbMI6YFuLU2GEBI/review *** ADVERTISE WITH US ***  We do work with sponsors and brands. If you are interested in working with us and you have a product or service that makes sense for the Airbnb, Vacation Rental, Short-Term Rental, or House Hacking space, here's how to work with us -https://savvycleaner.com/brand-deals *** SAVVY CLEANER BRANDS ***  SAVVY CLEANER - House Cleaner Training and Certification – https://savvycleaner.com/join VRBO AIRBNB CLEANING – Cleaning tips and strategies for your short-term rental  https://TurnoverCleaningTips.com  FUNNY CLEANING SHIRTS – Incentive and thank-you gifts for house cleaners and maids. https://FunnyCleaningShirts.com  HOARDING WORLD - Helping you change your relationship with stuff https://HoardingWorld.com REALTY SUCCESS HUB - Helping you sell your home fast https://realtysuccesshub.com CREDITS -------------------------- Show Produced by: Savvy Cleaner: https://savvycleaner.com Show Host: Angela Brown Show Editors: Kristin Ochsner & PJ Barnes Show Producer: Jenifer V. Holland #airbnbcleaning #shorttermrentalcleaning #vacationrentalcleaning #diycleaning #cleaningservices #cleaningtips #cleaningroutine #airbnbhost #VRBOcleaning #guestready #cleanfluencer #cleaningstrategies #cleaningcosts #cleaninghacks #cleaningchecklist #CleanBetweenStays #MidStayCleans #GuestExperience #HostResponsibilities #OwnerExpectations #TargetedCleaning #MaintainingCleanliness #SanitizationProtocols #HospitalityIndustry #GuestSatisfaction #PropertyManagement #ProfessionalCleaners #CleanlinessGuidelines

Short term or vacation rentals are a very hot asset class.  Everyone seems to be into AirBnBs and VRBOs when vacationing. Today Meredith Garrett of Nashville based Stay Minty, discusses why short term/vacation rentals is an incredible investment opportunity for you and your clients. She covers how to find the properties and determine what the house will net in rent. She hits on your risks and rewards plus the hot markets to be in.  As a bonus, Meredith also discusses "glamping" and how it may be a different investment opportunity in the next few years.. Don't forget to like us and share us!Gary* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

We're a city where visitors outnumber locals many times over. Tourism is the lifeblood of our economy, but it's also a source of tension when the party comes to local neighborhoods. So short-term rentals (or STRs) like Airbnbs or VRBOs are a hot-button issue here— where they should be allowed, how they affect communities, and who gets to operate how many. Today, co-host Dayvid Figler sits down with Jackie Flores and Louis Koorndyk, both STR operators and co-founders of the Greater Las Vegas STR Association. They explain why they're challenging the County ordinance, and what they're fighting for. It's a spirited conversation — and a timely one: The County Commission will be discussing changes to the ordinance in their meeting tomorrow, Tuesday, April 4th. It's on the agenda at 10 a.m. What are your thoughts on STRs in Las Vegas? Call or text us at 702-514-0719, or tag us on on Twitter and Instagram (we're @CityCastVegas). Want more Las Vegas news? Then make sure to sign up for our brilliant morning newsletter here. Learn more about your ad choices. Visit megaphone.fm/adchoices

More people are booking Airbnbs and VRBOs. However, the supply of short term rental properties has also risen, causing individual owners to see fewer bookings. We take the pulse of Wisconsin's short term rental market.

On this West Virginia Morning, as West Virginia becomes renowned for its outdoor tourism spots, short-term vacation rentals like Airbnb and Vrbos are becoming more in demand. Shepherd Snyder has more on how these affect the state and its tourism communities. The post Growing Demand For W.Va. Vacation Rentals And Our Song Of The Week, This West Virginia Morning appeared first on West Virginia Public Broadcasting.

On this West Virginia Morning, as West Virginia becomes renowned for its outdoor tourism spots, short-term vacation rentals like Airbnb and Vrbos are becoming more in demand. Shepherd Snyder has more on how these affect the state and its tourism communities.

#1478: Sec. of State Candidate Mark Finchem. FLG Councilwoman Regina Salas. + Space travel, too much coffee and $31T in debt costs what? #1478: Monday, October 10, 2022   0:00-22:25 Bernanke Nobel Prize in Economics…are you serious! City of light, without light. What's $31,000,000,000,000 cost you?    22:26-37:04 Flagstaff City Councilwoman Regina Salas is running as a write-in. Jeff's not convinced there's any housing solution on the horizon.   37:05-43:16 The non solution to housing from unserious people.    43:17-64:58 Secretary of State Candidate Mark Finchem    64:59-74:11 Olivia's Take…degenerates scamming elderly, Medellin safer than Chicago, abortion ban on hold in AZ and Jerome regulates VRBOs.

Meet Jon Kreye — an award-winning Airbnb and VRBO photographer. Growing up, you'd often find Jon in the backyard snapping photos of trees, flowers, and wildlife — he has always been moved by the beauty nature offers.  Jon dreamed of being able to do photography full-time, but was sober to the fact that making it as a full-time photographer is super difficult. One day, while traveling in Minnesota, Jon posted photos of the cabin he was staying  at on Instagram — and while he didn't know it at the time, this decision would change the course of his life forever. Tune in to hear the story of how the success of those first posts on Instagram inspired Jon to focus his photography business around the short term travel space. Follow Jon on Instagram.  This episode is brought to you by BuildUp Bookings.  SEO.  Paid Search. Email Marketing.   You know they are the marketing trifecta needed to build your brand and increase direct bookings to your properties...    But, outside of watching a couple of YouTube videos and listening to a few STR podcasts, you haven't had the time to really understand how Google ranks content or what subject line and preview text combo are the best when sending an email to your list about last-minute availability.    If you're listening to this podcast, chances are you're not just any run of the mill STR or vacation rental host — you're an entrepreneur who wants to see their portfolio of homes and the brand that encompasses grow.    And this week's podcast sponsor, BuildUp Bookings, can help you do just that.    BuildUp Bookings is the digital marketing team that some of the best players in the game use to scale their businesses.     I had their founder, Conrad O'Connell on Episode 44 of the podcast...and let me tell you — this guys know his stuff!  In just the last 12 months, BuildUp Bookingshas helped their clients earn over $48 million in direct bookings.   If 90% of your bookings are coming via the Airbnbs and VRBOs of the world, it might be time to audit and augment your direct booking strategy — and Conrad and his team have set up a special landing page for Behind the Stays listeners chock-full of free resources to help you do so.     Head on over to www.BuildUpBookings.com/BTS to learn more.  And be sure to request a free marketing strategy session with Conrad and tell him Zach from Behind the Stays sent you his way! About the Show Behind the Stays is brought to you twice a week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.     You can subscribe, for free, at www.sponstayneous.com.  Behind the Stays is hosted by Zach Busekrus, co-founder of Sponstayneous, you can connect with him on Twitter at @zboozee. 

In just a moment you'll meet Joel Holland, CEO of Harvest Hosts —  an RV membership program that allows travelers to stay overnight at unique locations around the country including farms, wineries, breweries, and more. Joel is what you might call a creative hustler.  As a young teenager, you could either find him selling DVDs and books on eBay or out and about shooting video.   Joel loved capturing compelling video content.  So much so in fact, that he launched a business called VideoBlocks, which was a marketplace for stock video footage. He grew the company now known as StoryBlocks and sold it back in 2020 — but not before spending a year RVing around the country with his wife.  After taking some much deserved time off, Joel began looking for his next opportunity. And that's when he stumbled upon Harvest Hosts. Tune in to hear the serendipitous story of how Joel discovered, bought, and scaled one of the travel industry's most beloved brands.  Explore Harvest Hosts  Connect with Joel on Twitter or LinkedIn. This episode is brought to you by BuildUp Bookings.  SEO.  Paid Search. Email Marketing.   You know they are the marketing trifecta needed to build your brand and increase direct bookings to your properties...    But, outside of watching a couple of YouTube videos and listening to a few STR podcasts, you haven't had the time to really understand how Google ranks content or what subject line and preview text combo are the best when sending an email to your list about last-minute availability.    If you're listening to this podcast, chances are you're not just any run of the mill STR or vacation rental host — you're an entrepreneur who wants to see their portfolio of homes and the brand that encompasses grow.    And this week's podcast sponsor, BuildUp Bookings, can help you do just that.    BuildUp Bookings is the digital marketing team that some of the best players in the game use to scale their businesses.     I had their founder, Conrad O'Connell on Episode 44 of the podcast...and let me tell you — this guys know his stuff!  In just the last 12 months, BuildUp Bookingshas helped their clients earn over $48 million in direct bookings.   If 90% of your bookings are coming via the Airbnbs and VRBOs of the world, it might be time to audit and augment your direct booking strategy — and Conrad and his team have set up a special landing page for Behind the Stays listeners chock-full of free resources to help you do so.     Head on over to www.BuildUpBookings.com/BTS to learn more.  And be sure to request a free marketing strategy session with Conrad and tell him Zach from Behind the Stays sent you his way! About the Show Behind the Stays is brought to you twice a week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.     You can subscribe, for free, at www.sponstayneous.com.  Behind the Stays is hosted by Zach Busekrus, co-founder of Sponstayneous, you can connect with him on Twitter at @zboozee. 

Meet Tyann Marcink  — the Queen of Guest Experience at Touch Stay, a digital guidebook platform for short-term and vacation rental hosts.  Tyann has a knack for charting her own path. She's a resilient creative who owns 2 rental management brands and has been active in the vacation rental industry since 2007. Discover Tyann's hot takes about the future of the hospitality industry, hear the story behind how she bought a bank and turned it into a vacation rental in the Ozarks, and learn about how she ventured off on her entrepreneurial journey after losing a college scholarship in this episode of Behind the Stays. Alright, without further ado, get ready to meet Tyann.  You can learn more about Touch Stay here. Explore Tyann's Vacation Rentals here. Connect with Tyann on Twitter here.  This episode is brought to you by BuildUp Bookings.  SEO.  Paid Search. Email Marketing.   You know they are the marketing trifecta needed to build your brand and increase direct bookings to your properties...    But, outside of watching a couple of YouTube videos and listening to a few STR podcasts, you haven't had the time to really understand how Google ranks content or what subject line and preview text combo are the best when sending an email to your list about last-minute availability.    If you're listening to this podcast, chances are you're not just any run of the mill STR or vacation rental host — you're an entrepreneur who wants to see their portfolio of homes and the brand that encompasses grow.    And this week's podcast sponsor, BuildUp Bookings, can help you do just that.    BuildUp Bookings is the digital marketing team that some of the best players in the game use to scale their businesses.     I had their founder, Conrad O'Connell on Episode 44 of the podcast...and let me tell you — this guys know his stuff!  In just the last 12 months, BuildUp Bookings has helped their clients earn over $48 million in direct bookings.   If 90% of your bookings are coming via the Airbnbs and VRBOs of the world, it might be time to audit and augment your direct booking strategy — and Conrad and his team have set up a special landing page for Behind the Stays listeners chock-full of free resources to help you do so.     Head on over to www.BuildUpBookings.com/BTS to learn more.  And be sure to request a free marketing strategy session with Conrad and tell him Zach from Behind the Stays sent you his way! About the Show Behind the Stays is brought to you twice a week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.     You can subscribe, for free, at www.sponstayneous.com.  Behind the Stays is hosted by Zach Busekrus, co-founder of Sponstayneous, you can connect with him on Twitter at @zboozee. 

Meet Marcus Rader — Founder and CEO of Hostaway.  Marcus grew up in Finland.  He was quite a curious kid, but struggled to develop any lasting hobbies as he was easily distracted. After flying for the first time as a six year old, Marcus' dream was to become a pilot.  Something about being at 30,000 feet was inspirational and invigorating.  Sadly, Marcus was diagnosed with epilepsy just a few years later. And while he didn't understand much about the disease as a kid, his soul was crushed when he learned he'd never be able to be a pilot. Tune in to hear the inspirational story of how Marcus turned this moment of despair into the pursuit of greatness and how he ultimately built one of the most valuable all-in-one tools for vacation rental property managers on the market. Alright, without further ado, get ready to meet Marcus.  This episode is brought to you by Build Up Bookings.  SEO.  Paid Search. Email Marketing.   You know they are the marketing trifecta needed to build your brand and increase direct bookings to your properties...    But, outside of watching a couple of YouTube videos and listening to a few STR podcasts, you haven't had the time to really understand how Google ranks content or what subject line and preview text combo are the best when sending an email to your list about last-minute availability.    If you're listening to this podcast, chances are you're not just any run of the mill STR or vacation rental host — you're an entrepreneur who wants to see their portfolio of homes and the brand that encompasses grow.    And this week's podcast sponsor, Build Up Bookings, can help you do just that.    Build Up Bookings is the digital marketing team that some of the best players in the game use to scale their businesses.     I had their founder, Conrad O'Connell on Episode 44 of the podcast...and let me tell you — this guys know his stuff!  In just the last 12 months, Build Up Bookings has helped their clients earn over $48 million in direct bookings.   If 90% of your bookings are coming via the Airbnbs and VRBOs of the world, it might be time to audit and augment your direct booking strategy — and Conrad and his team have set up a special landing page for Behind the Stays listeners chock-full of free resources to help you do so.     Head on over to www.BuildUpBookings.com/BTS to learn more.  And be sure to request a free marketing strategy session with Conrad and tell him Zach from Behind the Stays sent you his way! About the Show Behind the Stays is brought to you each week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.     You can subscribe, for free, at www.sponstayneous.com 

Investing in property is a great way to establish an additional income stream. But with the rise of AirBNBs and VRBOs, more and more people are looking to invest in short-term property rentals. That is why I'm so excited to speak with none other than Gaby Narvaez. Gaby and her husband saw an opportunity during the economic crash in 2008 when housing took a downturn. That opportunity was Gaby's introduction to the world of real estate, construction, and renovation. So in today's episode, Gaby is sharing her wealth of knowledge when it comes to investing in short-term rental properties. From her personal preferences when looking for real estate, to the 3 things she recommends you do if you're serious about owning your own short-term rental property, Gaby shares incredible insight that will be useful if you've ever dreamt of owning your own rental property. Tune in as Gaby shares her knowledge and advice from what to look for when you're shopping for a short-term rental property, to tips for furnishing your rental so that it's warm and welcoming for your guests. You won't want to miss this! Episode Highlights Why Gaby got into short-term rental properties [6:19] 3 things to do if you want to own a short-term rental property [11:45] What you need to be cognizant of when looking for a short-term rental property [18:17] How Gaby furnishes a short-term property so it feels like home [23:45] When Gaby started seeing a return on investment with her short-term rental property [30:33] Thank you for tuning in this week! If you enjoyed this episode, please leave a review and subscribe for more on how to build your authority and audience on the gram while juggling all the things and other tips on building your side-hustle from myself and our amazing guests! Connect with Gaby Narvaez: Instagram: https://www.instagram.com/guildproperties/ Website: https://www.guildpropertiesllc.com/virtualdesign https://www.guildpropertiesllc.com/blog/bella-vista-beach-cottage Connect with Lisa Rigoli: Instagram: https://www.instagram.com/thecorporatesidehustler Website: http://www.thecorporatesidehustler.com/bingeworthy Podcast: https://www.thecorporatesidehustler.com/podcast https://anchor.fm/thecorporatematchmaker

Have you ever met anyone that created wealth with stocks? I haven't. Why not?  Inflation, emotion, taxes, fees and volatility are the reasons. I break this down. The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work. Learn why returns from stock and mutual funds are often less than zero. What really creates wealth? Leverage. Learn trade-offs between long-term rentals and short-term rentals. Zach Lemaster joins us. A licensed optometrist and captain for the US Air Force, he's become financially-free through real estate.  We discuss the pros and cons of owning “Build-To-Rent” new construction income properties. It takes patience during the build process. Find Build-To-Rent income properties by e-mailing GRE's Investment Coach: naresh@getricheducation.com Resources mentioned: Show Notes: www.GetRichEducation.com/399 Get income properties by e-mailing GRE's Investment Coach: naresh@getricheducation.com When I interviewed the 401(k) inventor: https://www.getricheducation.com/episode/197-inventor-of-401k-ted-benna-joins-us/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript:   Welcome to GRE! Why Don't Stocks Create Wealth? After answering that, learn about some tradeoffs between LTRs and STRs, and the pros & cons of getting a construction loan and new-build rental properties. Today, on Get Rich Education. ____________________   Welcome to GRE! From Hialeah, FL to Haleakala, HI and across 188 nations worldwide - that's almost all of them - I'm Keith Weinhold. This is Get Rich Education.   I find it interesting that there are still smart people out there who think that stocks create wealth.   Everyday people could create wealth just by investing in stocks or mutual funds or ETFs?   I'll tell ya. I have never met anyone in my entire life that has become wealthy from investing in these vehicles.   Now, that's something that shouldn't offend stock adherents. That has been my personal experience.    Just asking around here at GRE a bit, I found that our Content Manager, Matthew… he said that he once knew just one person that did get wealthy with stocks… and that is because that person's company IPO'ed.   OK, well that's worth knowing. But as for everyday investors, what one might call a retail investor that buys and owns Apple stock or Amazon stock or bought the S&P 500 Index fund from a big mutual fund company… I mean… do you know anyone that ever created wealth from stocks? Or do you even know anyone that ever knew someone that created wealth with stocks.   I'm talking about creating wealth. For example, someone that started at a level of either "just getting by" or starting at a level of "middle class" and then transitioned to "wealthy", simply through shrewd and savvy stock investing.   I think a lot of people invest in stocks just because that's what the herd does.   But they never ask themselves at all… "Have I actually met anyone that's ever created wealth from stocks?"   And if you run with the herd, you don't get ahead.   So why is this? How come virtually no one gets wealthy with stocks?   Well, look. We all learn and understand the world through different lenses. I'm about to share the thought paradigm that shifted my own personal journey… and why I have not personally - or through an LLC - or in any way, owned any stock, or mutual fund, or ETF since the year 2014.   Right now, major stock indices are flirting with bear market territory. This means a value loss of 20% from a recent peak.    Recently, the Dow Jones posted its eighth straight weekly loss. That's its longest weekly losing streak since 1923.   Could we say that misery loves companies? Big Tech has shrunk to Medium Tech. Even staid reliables like Apple, Target, and Walmart are tanking.     Other than a one-month virus "flash crash" in March of 2020, many Millennials and Gen Zers have zero experience with a sustained bear market.     None have occurred for thirteen years, which is an unusually long time frame.   Perhaps these investors will "sell low"; maybe they'll stay the course.   Now, investing in the stock market is so common - and so herdlike - that if you're talking in a general conversation and say: “the market” - people just assume that you mean the stock market.   Well, shouldn't “the market” be creating wealth for people.    After all, the S&P 500 has averaged a 10% annual return over time. In order to emphasize compounded returns, something that traditional, old school advisers often cite is "The Rule of 72".   You've probably heard of it.   What you do is take the number 72, divide it by your annual percent return (10), and that's how many years it takes your money to double.    Therefore, an S&P 500 investor should double their money every 7.2 years. Well, that sounds pretty good to most people..   Then over the decades, several doublings should ensure a fantastic retirement and perhaps even a taste of wealth.   But why doesn't it?   Why doesn't it provide a fantastic retirement most times? And why doesn't it put people on that wealthy echelon… ever?    This is due to five chief drags—inflation, emotion, taxes, fees, and volatility. I've glossed over that before. But lets see how this all negates what so many investors think is some kind of good return.     Let's subtract each one from this 10% unadjusted stock return.   Inflation Many experts agree that the CPI, currently 8%+, understates the true rate of inflation. It could be 15% now.   But let's just say that long-term, true inflation averages 5%.   Yes, you could make the case that it's more. But let's just use 5% inflation. Well then...   …your long-term 10% stock return minus 5% inflation = 5% inflation-adjusted return.   Emotion Everyone knows you're supposed to "buy low" and "sell high". But many do the opposite.   Why?   One has difficulty buying low because prices have often fallen for a long period of time before the dip. The predominant emotion is discouragement.   When stock prices have gone down, down, down, like they have this year, so many people get emotional and sell low… and they justify that by saying… I'm sick of losing money… and if I sell, I guarantee that I'll stop losing money. So many sell low.   But on the flip side, why isn't everyone selling high? It's because prices have grown. It's hard to sell out of upward momentum. Up, up, up, up, up, friends are making money. You've got FOMO. This emotion is euphoria. This makes people buy - maybe not at the peak - buy they often buy higher that what they sold for.   But despite all this, most people believe that they're above-average investors—despite the statistical impossibility. This effect is called illusory superiority.   It's like how 7 out of 10 people believe that they are above-average drivers.   People often sell lower & buy higher.   We'll just say this takes one's 5% inflation-adjusted stock return down to 4%. That's being kind.   Taxes & Fees Long-term capital gains taxes start at 15%. The highest ordinary income tax rate is 37%, which is the short-term capital gains tax equivalent.   Those percentages are what get taken out of your profit - that's what eats into the entire 10% return that we started out with here.   Even if your funds are sheltered in a 401(k) or many retirement account types, yes, you could get tax-deferred growth. But you must begin paying taxes in retirement.   Fees are something that vary quite widely.   So… an S&P 500 investor's return adjusted for: inflation, emotion, taxes, and fees is often below 2%. Maybe far below 2%.   We're not done.   Volatility So many people miss this.   The Rule of 72 and other projections are based on a fixed annual rate of interest.   It's called the compound annual growth rate (CAGR).   Our example… with this Rule Of 72 assumed a smooth, exact 10% return every single year.   This is irresponsibly quixotic. The real world doesn't work this way.   Let's say that a price falls 20%—which again is a bear market. Now, you must gain 25% to get back to "even". That's just math.   Now, if it falls 40%, it must gain 66.7% just to return to sea level.   Using a smoothed CAGR diminishes the damaging effect of return volatility.   So let's take our 2% return that's already been adjusted for: inflation, emotion, taxes, fees. Now subtract out this volatility.   And now, you can see why real rates of return are often less than 0% for stock, mutual fund, and ETF investors. Maybe they're minus 3%. Maybe they're minus 12%.   Real stock returns often crumble faster than a Nature Valley granola bar. They're not good for you either—full of sugar and canola oil.   Note that I even used what many consider "good times" in my example—where we started with a 10% unadjusted return.   This is an audio format here on GRE Podcast Episode #399 so my analysis wasn't deeply technical nor replete with formulas for pinpoint accuracy.   You might remember when we had Garrett Gunderson here on the show a few times. He really goes deep on how stock & mutual fund investors typically lose prosperity year-after-year and Garrett thinks that I'm being kind when I say that a stock investor's real return is “0”.   It helps you begin to understand why you rarely—if ever—met anyone that acquired wealth with these vehicles.   About ten years ago, while working at the state Department of Transportation in an 8' x 10' blue cubicle, I began to realize some things: Investing in retirement plans makes me safe and normal. I don't want a life that's safe and normal. That's not extraordinary at all. Every dollar invested in stocks and mutual funds is a dollar that cannot leverage other people's money. Retirement plans provide zero income until I'm old. I won't get ahead by following the herd. Later, I interviewed the actual man that invented the 401(k) plan, Ted Benna.   Benna told me directly that the plans don't serve people the way they were intended. This helped complete my catharsis.   And my interview with Ted Benna is recorded. You might remember that episode. That was GRE Podcast Episode 197… if you haven't heard it.    Yeah, the guy that actually invented the 401(k) in the late 1970s. That's here on Episode 197.   So, now you understand much of why I haven't owned any stock, mutual fund, or ETF-based investment at all since 2014.   This show is called “Get Rich Education”. So I could talk about anything related to wealth-building and stay on-point.    But now you understand why I don't discuss stocks.    Real estate has some drags too. For example, investors often underestimate their maintenance and repair costs.   Ultimately, the fact that Real Estate Pays 5 Ways™ is why it's superior. It's how anything less than a 20% to 25% fully-adjusted rate of return is disappointing (learn more).    Because real estate is an illiquid asset, this acts as a healthy barrier against "panic" buying or selling. Illiquidity diminishes the deleterious effects of emotion and volatility.   I do know investors who have created financial freedom through real estate, a lot of them, and I'm one.   If I can distill it down into one word for you, the short story about why I've met countless people that have graduated from middle class to wealthy through real estate is leverage.   Some of this is natural bias because I hang out in real estate circles, so I just tend to meet more of these people.   To stock investors, leverage is only available to more sophisticated types. Even then, it often comes with margin call risk. It's in a more limited measure than its wide availability in real estate.   Bear markets… like we have right now in stocks make people re-evaluate things.   To a younger investor that's potentially experiencing their first sustained stock bear market now, it's important to understand that...   ...generally, stocks are not a game designed to build wealth for everyday people anyway.    Times like these make people revert to fundamentals.   Ultimately, your success as an investor hinges upon your ability to provide others with value. Be a person of value in the world.   There have been few times in modern history when owning real estate demonstrates more intrinsic value than it does today.   You're providing others with what has increased in usefulness and is historically scarce in supply… at the same time.   Wealth comes down to your ability to be valuable.   When it comes to residential real estate, there are so many ways that we can segment it. Later on today, we'll discuss new-build properties vs. existing properties and what's going on in those markets today.   We can also parse the space with LTRs vs. STRs.   When we define that, of course, as the name would allude to, it is based on the duration of resident stay.   Depending on the jurisdiction and more, a rental period of under 30 days could be considered a STR (some people refer to these as AirBNBs or VRBOs)… or even up to lease periods of less than 6 months could be considered STR.   LTRs have more predictable long-term income… because a tenant often signs on for a lease period of one year or more… and LTRs are also more recession-resilient.   STRs have lower occupancy - but because the daily rate is so much higher, they can be more profitable than LTRs.   When you look at any investment, it's so fundamental to understand who you serve. Back to my point about stocks, it helps you understand how you can be a person of value.   In LTRs, you serve families, roommates, and everyday mom & pops.   Until just five years ago, STRs principally served two groups of people -  Vacationers & business travelers.  With what happened in the world starting in 2020 with the virus, the STR community was concerned that the business traveler would go away & not come back.   But it didn't seem to matter, because increasingly, over the last 5+ year, you have more & more digital nomads and WFA-types that rent STRs.   LTRs - Midwest & South, away from city center STR Location - resorts, beach communities, ski resorts   HOA limits are something that you have more of with STRs.     STR lodging or rental tax to the resident, you also get to charge the resident with the cleaning fee   Property Mgmt. costs tend to be 8-10% of each month's for the owner of LTRs. For STRs, you'll often pay 20% or more since there are more resident turns & more advertising & listings to manage.    When it comes to financing, you'll often find LTRs to have more availability than STRs. This is huge… since leverage is what really creates wealth.  Damages: STRs tenants pay upfront and usually place a CC on file to cover any damages. So there is some more protection that way.   One great piece of REI guidance is that the best STRs are the property types where if that market dried up, you could fall back onto them and use that same property as a viable LTRs.   To summarize what you've learned so far today…   The definition of a bear market is when a market has lost 20% or more of its value from a recent high.   Stocks don't create wealth due to inflation, emotion, taxes, fees, and volatility. A lot of people miss that until it's too late and it's nearly retirement time - or when they thought they could retire.   LTRs and STRs have a lot of trade-offs. LTRs are easier to finance and have more recession resistance. STRs can provide more income when its dialed in just right. LTRs have the longer track record.   Coming up, a guest & I are going to discuss today's opportunity on brand new construction rental property.    That's straight ahead. I'm Keith Weinhold. This is Get Rich Education. ______________________   Oh, yeah. Some good content from our guest on the pros and cons of using a construction loan with these new-build rental properties. You sure don't have to go that route if you don't want to.   For this batch of properties, and it is an ongoing batch of constantly refreshing properties, if you want to get to the front of the line, go ahead and e-mail our investment coach Naresh.   You not only get access to available properties - SFHs up to four-plex & sometimes larger, existing build & new-build, some properties conducive to STRs at times - though most are LTRs… some really inexpensive properties, at times less than $150K - they would tend to be existing, renovated properties, not new ones.    For access to all those property types and free coaching, contact Naresh here.   You can do that at: naresh@getricheducation.com   Coming up here on the show… next week, for milestone episode 400 - it is Miracle Morning author Hal Elrod & I, discussing investor mindset and relationship-building in real estate. Yes, it look longer than I expected to get Hal & I together at the same time. That finally happens next week. Our Operations Lead here at GRE, Aundrea, is expected to be here with you & I for that show next week too.   The week after Hal Elrod, the “International Man”, Doug Casey joins us. Last time he was here, we discussed ideals like liberty & freedom. This time, it's going to be about economics & it's usually pretty gloomy commentary with Doug… but he keeps it real.   Then, down the road, Rich Dad Tax Advisor Tom Wheelwright is back on the show with us yet again to help you cut your taxes toward zero.   So with Hal Elrod, Doug Casey, and Tom Wheelwright coming up… I'd say that one inspires you, one depresses you, and one informs you.    Hal being the inspiration Doug being the source of the depression - he knows that I kid, I was joking with Doug Casey about that last time And then, Tom Wheelwright being informative with… seemingly… some new tax plan that he has to tell you about.   Then after that, negotiation expert Chris Voss returns to the show. You might have seen his masterclass course.    So… GRE is so stacked with great shows in the near future here.   In inflationary times, there is no better place to invest than in real estate.   I mean, even if you bought a property with no loan & with no tenant in it, real estate would be an inflation hedge just based on that alone… just based on it's capital price tracking inflation.   But then you get the leverage where you can 4X or 5X inflation… while also having your debt debased… while also having your cash flow OUTPACE inflation since your biggest expense - the mortgage - stays fixed.   This is just one of so many reasons why real estate is what's made more ordinary people wealthy than anything else.    I really encourage you to get started… not only do we have this new coaching service steeped in GRE principles… but it's also free… and we also have available properties.   I encourage you to reach out to our friendly GRE Investment Coach, Naresh at   naresh@getricheducation.com    Until next week for Episode 400, I'm your host, Keith Weinhold. DQYD!

Are price controls the next government “fix”? — Rep. Blackman gives an update — NSBA wanted to send the military! — USA can't feed its babies but $40billion heading to Ukraine!   One more step to price controls with the Fuel Price Gouging Prevention Act 0:00-12:40 passing but it won't do anything but create more federal overreach and eventual shortages.   A couple education updates including the NSBA wanting the National Guard to show up at school board meetings 12:41-26:52. Protesting parents were called “domestic terrorists” and the NSBA wanted them looked at under the Patriot Act. Ducey gets right with Covid and signs bill prohibiting vaccine mandates in our public schools. Study shows parents pulled kids in greater numbers from locked down/virtual schools during Covid hysteria.    Knut emails Jeff to share Flagstaff's possible first in the nation carbon dioxide removal (CDR) 26:53-43:25 plan as part of their carbon neutral by 2030 plan which will surely be expensive and most likely ineffective. + Jeff talks about a USA that can't feed its baby's and rely on foreign country for formula. Things were destined to go bad  when 50% are relying on the government for baby formula. Meanwhile, a nation that can't feed its baby's or balance a budget is sending $40,000,000,000 (BILLION) to Ukraine with only 11 Republican Senators opposing the spending bill which had no offset cuts in the budget or tax increases.    Representative Walt Blackman updates us on the proposed $14,250,000,000 (billion) proposed budget 43:26-62:17 and why he's opposed to that level of spending. Walt and Jeff also discuss election integrity bills, absent members of the legislature and what bills remain that have a chance of making it through this session.   A few raindrops while Olivia shares a listener comment on VRBOs and smoking 62:18-74:15 proposing that owners should post fire restrictions to renters because she keeps seeing people smoking in a fire risk area. Jeff and Olivia share their upcoming travel plans.

Hour 1 - It snowed a lot Friday into Saturday. Trees are down every where and some people still don't have power. Jamie is having a hard time finding a place to stay in or near Vail for a decent price. The Avalanche won game 3 of their play off series against the St Louis Blues. Britney Spears put out some weird social media videos over the weekend. 

This week's Real Estate Training and Coaching podcast is focused on How To Find Homes For Sale. The simple fact is using the MLS, Zillow, and Realtor.com as your primary place to search for homes for sale are over. To succeed in this market a real estate agent must search for homes for sale in places other agents won't. Yes, that takes skill and an updated approach. This is part 3. 11 - Search your neighborhoods for 'half-done flips'.  The cost of building materials and labor has increased dramatically. Which flippers are feeling the pinch? Certain buyers may be willing to purchase the home and finish it themselves, or at least get in contract pending the finishing of the project.   Reminder, you promised yourself you would become a HARRIS Coaching client. You are done wasting time and ready to follow a proven path. Now, while you are here make the next natural step and join the 1000s of other agents as a HARRIS Real Estate University coaching member. No more waiting or procrastinating. Join now. Here is the quick and simple enrollment.—-> YES, Enroll Me Now In Premier Coaching. I WILL make NOW my best year ever!  12 - Condo or apartment conversions. There are still new or newer neighborhoods or buildings that have been rentals but are now becoming resales.   13 - Expired listings... Recent expireds, older expireds.  You probably CAN get them their price in today's market. Offer to provide a new comparative market analysis and see what that does to their plans. 14 - For Sale By Owners (unrepresented sellers), especially if they are older than 2 weeks on the market and still haven't sold. Podcast Listeners, let's talk. Many agents are worried about the housing market. We get it, Inflation, interest rates, and available homes for sale does require a new approach. Start here: If you want to get your head right, stop listening, reading, or associating with any negative influences. That especially includes negative people. Next, purge from your life anything related to the media. Set your mindset free. YES, there is a market shift happening. and YES you can thrive. You need a newly updated business and lead generation plan. We have it for you. The best part? Your coaching session is at no cost to you. Click this link to receive your complimentary coaching session NOW. 

Checkout this Episode of The Flip Lab Podcast with guest Austin Linney! Austin has recorded over 400 podcast in the past few years talking to and coaching Entrepreneurs. He also has had a lot of experience with short term rentals, Airbnbs, VRBOs, and knows what it takes to be successful in that industry.

In Episode 31, our Part I episode about short term rentals, we discussed the market for AirBnBs and VRBOs with Karl Scarlett, the Founder and Owner of Great Dwellings, a Washington DC-based property management company that helps homeowners manage their long and short-term vacation rentals. In this episode, Karl's Partner, Zac Rushton, delves into the specifics of how one runs a successful and popular rental so that hosts can maximize their returns and keep customers coming back time and time again. Subscribe to our show and feel free to reach out to us on The RARE website or directly to Alison with comments and questions: www.theRAREdc.com | alison@theraredc.com IG: @theraredc

Friends, I have so many things to share with you about this past month! I know you will want to tune in to hear all the scoop. I share candidly about our family trip to Hawaii and the COVID testing requirements, new jobs and transitions, VRBOs, rental cars, messes, spouse work travel and so much more. I also share about owning our crazy messy life and what things I continue to learn along the way. I provide some practical takeaways on each of these topics that you can apply to your daily life. Hope you enjoy this fun, candid and random babbling Bett episode. Connect with Bett: www.bettlucas.com www.instagram.com/bettlucas www.instagram.com/bigboldlifepodcast For more motivation on your health journey, join Bett's private Facebook group called MOTIVATE: https://www.facebook.com/groups/602418726853500 Intermittent Fasting Group for Moms: https://www.facebook.com/groups/171464991406793 Subscribe to Bett's newsletter: http://eepurl.com/g4usP9

AirBnBs and VRBOs were already widely known as short term housing options by travelers before the pandemic, but since Spring 2020, there has been an even bigger uptick in non-hotel short term rental use (and hosting!) in the DC-area.  Karl Scarlett is the Founder and Owner of Great Dwellings, a Washington DC-based property management company that helps homeowners maximize their homes long and short-term vacation rentals. In this episode, we discuss the interest that short term rentals in the DMV have received both before, during, and after the pandemic along with our predictions for how they'll do in the future.   Subscribe to our show and feel free to reach out to us on The RARE website or directly to Alison with comments and questions! www.theRAREdc.com | alison@theraredc.com IG: @theraredc and Karl Scarlett at greatdwellings.com

Maui, Hawaii in 5 days! What to do, what's not worth the time, cost breakdown from Vrbos to food to car rentals to entry fees. Where to stay, where to eat and a breakdown on why from the perspective of friends who just did the trial and error for you! Guest, Gina Vitori: https://www.instagram.com/ginavitori/?hl=en  Vrbo listings for reference:  https://t.vrbo.io/VUbDIVuUlgb https://t.vrbo.io/qUcFJMyUlgb

Join realtors Lyndzie and Hans Stroble of Three Vine Group on their show More Than Home as they interview mortgage expert Shaun Schimmelman about the current crazy housing market in North Texas. They discuss how to successfully buy a house with multiple offers in today's market as well as how to maximize profits when selling your home. If you are looking to refinance or sell to get extra cash for paying down debt or investing in VRBOs or Air BNBs this is the show for you!

Jill owns and has owned and sold millions of dollars of VRBOs and AirBNBs at the Lake of the Ozarks. She is an expert on identifying properties that will rent, negotiating the acquisition of those properties, preparing those properties for rental, pricing those properties, managing those properties and operating those properties for maximum results. She also is the owner of LOZ Vacations through which she manages other peoples' VRBO properties at the Lake of the Ozarks. She will share with us how she got started, her successes, her surprises, lessons learned, strategies, and a number of hilarious rental, maid, vendor, and Lake of the Ozarks stories along the way. Listeners should have a much better grasp, by the end of the show, of what's involved in and how to maximize the benefits of a VRBO / AirBNB business. Prior to our discussion with Jill, Eric and Ricky will discuss the impact of runaway college tuition and entrepreneurialism. Vacation Management - LOZ Vacations LLC Aspen Legal (aspenlawteam.com) NutritionHQ | General Health, Weight Loss & Sports Nutrition Supplements --- Support this podcast: https://podcasters.spotify.com/pod/show/ricky-hall97/support