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Short-Term Rentals on AirBnb and VRBO have been all the rage in recent years. You might be wondering if the market is too saturated or if it's too late to get started investing in your own short-term rental. What are the first steps you can take to get your own short-term rental? We discuss how to pick a market that is a great fit for you, how to pick specific areas within your market, what types of properties to focus on and what types of amenities to have in your short-term rental. We also talk about why a short-term rentals might be a better fit for you than a long term rental and why you might love being in the hospitality industry providing a great experience for your guests vs. working with tenants. This is a great opportunity to learn the basics about short-term rentals and decide if it's a good fit for you in your investment portfolio.
In this episode, hosted by Mike Swenson, we discussed:
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Kase Knochenhauer has been in real estate for 6 years. He's worked long hours, taken on too much stress, and described launching a brokerage "a massive failure." He then found a great integrator (read Gino Wickman's "Rocket Fuel" book), made more key hires, and has been working to fire himself each day. By aligning with great people, he's been able to work less, love life more, with the goal of working 15 hours a week and traveling with his family 4+ months per year, while his company is still flipping 60+ homes per year in Michigan and acquiring 120+ rental units. That's the power of great leverage! In fact, he's loading up his Toyota Tacoma near the end of the year to travel with his wife, 2 sons, and dog and live life to the fullest.
In this episode, hosted by Mike Swenson, we discussed:
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We made it to episode 100! What a journey it has been, and so much has changed over the past 2 years. I'm sharing 5 big ways that my life has changed as a result of hosting the REL Freedom podcast. Spoiler alert: We also have a new business venture to share, which I do in the episode! I share how my mindset has changed, how our Elite Advantage Team real estate business has completely pivoted in a new direction, why real estate is an amazing way to build passive income to fund your future, and why it's so important to invest in your greatest asset - YOURSELF! A huge "thank you" to everyone that has added to this podcast over the past 100 episodes - the guests, our team behind the scenes for editing & marketing, and my awesome real estate team. I'm looking forward to the next 100 episodes to impact more lives to help you build time and financial freedom through real estate!
In this episode, hosted by Mike Swenson, we discussed:
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