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Mike Swenson, Mike Gengler, Justin Rademacher: Getting Started With Short-Term Rentals

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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:

  • The biggest positive differences between...
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Zach Pittman: Building 6 Figure Rental Income In 3 States In 2 Years

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Born and raised in North Carolina, Zach Pittman has overcome the odds. Soon after getting his college degree and MBA, he found his passion in real estate. In just 2 years he was able to build a 6 figure rental income by investing in properties in 3 states mixing a rent by the room model, rental arbitrage, and an apartment complex. Zach has also founded GHP Capital and is also a loan officer. He has a goal to impact 8 million people around the world by teaching simple real estate strategies through his HomeBuyer League, which is an educational platform simplifying real estate with step-by-step formulas people can follow to learn things such as wholesaling, rehabbing properties, room to room renting, subleasing, Section 8, raising private money, commercial deals, and others.

 

FOLLOW ZACH:
https://www.thehomebuyerleague.com/ 
https://www.facebook.com/zachfpitt 
https://www.linkedin.com/in/Zpittman/ 
https://www.youtube.com/ZachFPittman...

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Dr. Roderick Capelo: Orthopedic Surgeon Finding Wealth In Multi-Family Real Estate

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Dr. Roderick Capelo founded his own practice, Pediatric Sports and Spine Associates in 2006. As medicine evolved it became clear that the ever-changing landscape of medicine was beyond his control. He studied different ways to create income streams outside of medicine and landed on multi-family assets thanks to being introduced to several seasoned real estate investors. In the past 4 years he's helped acquire 2,400 units in 5 states. He is also the author of 2 best-selling books, "Purpose, Passion, & Profits" as well as "Persistence, Pivots and Game Changers: Turning Challenges Into Opportunities. In addition to still running his practice, he's also helping his colleagues, family, and friends achieve true financial freedom through real estate.

 

In this podcast hosted by Mike Swenson, we discussed:

  • How people think doctors are rich but it's more complicated than that and they really struggle with time freedom and building...
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David Kafka: Benefits of Investing Internationally

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David Kafka, founder of Caribbean Capital Group, has had a great journey leading up to helping people place investments internationally. Originally an entrepreneur founding a landscaping company in South Carolina, David also served as a Firefighter/Engineer for his local fire department. He looked up and wanted to find some opportunities to live, work, and invest in other countries. His research led him to Belize. Currently he is a broker/owner of a real estate franchise in Belize and works with investors. Because of its' proximity to the United States, is an English speaking company, has favorable tax rates, has a solid economy, and does not have restrictions on foreign land ownership, David shares with us why people would want to consider looking abroad to diversify their real estate investment portfolio.

 

In this podcast hosted by Mike Swenson, we discussed:

  • Exploring more investment opportunities outside the stock market
  • David's belief...
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Molly Rose Speed: Business Growth By Staying In Your Zone of Genius

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When running a business, you're pulled in many different directions. Your time can be spent in many different ways. Your business grows more quickly when you stay in your zone of genius and allow others to support you in the other areas you need it. Molly Rose Speed is the founder of the Virtual Assistant Academy, which provides trusted virtual assistant solutions and tech execution serving busy entrepreneurs and business owners. From being a corporate accountant cubicle dweller, this military spouse launched her VA business to focus on what she loved, and to provide her location freedom while moving all over the country. Molly Rose is the go-to professional for some of the most successful entrepreneurs in the speaker/author and content creator industry. With so many in the real estate space looking to gain exposure as authors, speakers, and creators, hear from Molly Rose how you can grow your business by leveraging the support of others while...

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Stacey Brown Randall: Growing Your Business Through Referrals

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The easiest ways to grow a business is through referrals. However, it can feel clunky and awkward. Stacey Brown Randall is an expert on helping business owners generate referrals naturally so that you don't have to compromise your values or your relationships. She is the award-winning author of the book Generating Business Referrals Without Asking and is also the host of the podcast Roadmap To Referrals. Listen as we discuss how to build a referable client experience, how to generate more referrals in your business, and how Stacey has built her business by being an expert on this important topic.

 

In this podcast hosted by Mike Swenson, we discussed:

  • A key point of gaining referrals from others it to create a referable client experience
  • Complications in real estate transactions doesn't mean you're not doing a good job, as problems come up, so it's important to manage client expectations.
  • If you don't manage expectations, it's setting up a...
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Aziz Shabazz: Chicago Agent Helping Others Achieve Their Dreams

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Aziz has been in the real estate industry for almost 2 decades as a lender, agent, broker, coach and speaker in the Chicago area. He got his start on the lending side helping with a loan on a property that he purchased at the age of 23. His thirst for knowledge has allowed him to help many different people in various areas inside of the real estate space. He owns multiple rental units, leads a 30+ agent real estate team, and also operates a financial consultation business. Aziz shares how his desire to better himself and help others has paid off. From helping new agents get their real estate license to achieve their business goals, to helping people build their personal and business credit to help them get loans and secure properties, Aziz has poured into others so that they can accomplish what they want in life.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Aziz has build a great business helping people with real estate needs,...
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Bryce Robertson: Negative Net Worth To Time, Financial & Location Freedom in 2.5 Years

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Not many people have the Freedom Trinity - financial, time and location freedom. For Bryce Robertson, this is his reality, however it was not always the story. Growing up in Australia, he was a high school dropout with no knowledge of business and entrepreneurship. After working a few years in gold mines and traveling the world, he ended up in the USA. With a negative net worth and $2,000 he was able to gain financial freedom in 2.5 years, primarily from investing in mobile home parks. He's focused on growing a great team of people to give him leverage which allowed him and his wife to take 6 months and travel to 20+ countries around the world. Bryce is the host of the Freedom Hack Radio podcast, host of Financial Freedom Mastery, writes articles for BiggerPockets, leads the Cultiv8 Collective Inner Circle focused on investing to create freedom, and wrote a best selling book titled "10,000 Miles to the American Dream."

 

In this episode hosted...

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Patrick Grimes - Building A $500M Portfolio & Diversifying Through Energy

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With a background as an engineer, Patrick Grimes began buying single-family residential properties and lost it all in the last recession. Taking what he learned, he began building a portfolio into multifamily real estate and amassed a portfolio over 3,000 units and $500M in value through his company Invest on Main Street. He's now working with his investors to diversify into energy. Patrick is also on the Forbes Real Estate Council and is known for being a thought leader and expert panelist in commercial real estate. In addition, he's co-authored a #1 best selling book "Persistence, Pivots and Game Changers, Turning Challenges Into Opportunities."

 

In this episode, hosted by Mike Swenson, we discussed:

  • Why portfolio diversification is important with your investments.
  • In finding a deal you should look at the markets, regions, locations and recessions
  • When looking for places to invest, find areas that are growing, have diversified...
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Michelle Spalding - Having Success In Real Estate & All Areas Of Life

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Success in one area of your life does not have to come at the expense of other areas of your life. Too many times people in real estate are so focused on numbers for the sake of bragging that they leave other areas of their life a mess. Michelle Spalding has committed to helping people create businesses that suit the lifestyle that they desire. With over 26 years of experience in the real estate industry, she's been a transaction coordinator, started a transaction coordinator training academy, and now helps people start and launch their own businesses. She's focused on helping people reclaim their own version of success in whatever they do. With this episode coming at the end of the year, listen and think about what you want your next year to look like, and orchestrate a plan to get you there with Michelle's help and advise.

 

In this episode, hosted by Mike Swenson, we discussed:

  • Michelle's important exercise to take a holistic assessment...
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