When it comes to running a business, navigating legalities effectively can mean the difference between success and failure. It’s no different in real estate investing. Not having the proper structure can be a costly mistake.   To shed some light on the subject, Bonnie Galam, founding attorney of The Galam Firm, joins us in this episode of Living Off Rentals. She is an expert in assisting new and veteran real estate investors with legal services, setup of operational infrastructures, and more.    Tune in and learn how to better protect and improve your short-term rental property business! Key Takeaways [00:00] Intro [02:55] Introducing Bonnie Galam [07:27] What to consider when dealing with contractors   [09:31] Recommended structure for real estate investors [16:45] Investors and meeting with legal specialists  [19:46] How to increase rental cash flow by leveraging legal tools [24:08] Budgeting for legal matters and Bonnie’s Landlord Law School program [27:52] Investing as a real estate lawyer [31:02] Real estate investing with her husband  [32:39] Bonnie’s thoughts on the current market [36:02] Bonnie’s podcast, Good Bones Real Estate Investing [37:41] Biggest mistakes that investors make Guest Links Website – bonniegalam.com Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

In this episode of Living Off Rentals, Scott Royal Smith joins us to share his knowledge. He is a former litigator and now the founder of Royal Legal Solutions, a company dedicated to helping real estate investors protect their assets, save money on taxes and boost their net worth and cash flow.  Scott is also a real estate investor, with his portfolio including properties from every asset class, from single-family and multi-family homes to syndications and commercial properties, giving him an all-around perspective of the industry in both the legal bird’s eye view and from the trenches.  Tune in as he shares how investors can better safeguard their assets and grow their wealth effectively, particularly with the help of series LLCs. Key Takeaways [00:00] Introducing Scott Royal Smith and his background [04:32] Transitioning to asset protection from corporate litigation [07:32] Discussing ideal setups for rental property investors   [11:42] Series LLCs and why you should consider starting one [17:09] Ideal setups for partnerships  [20:50] On tax-saving strategies [30:04] What to consider to succeed in investing [32:54] Where most real estate plans fail [37:55] Connect with Scott and Royal Legal Solutions   Guest Links Website – royallegalsolutions.com Show Links  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Today’s guest is Chris Prefontaine, the chairman and founder of Smart Real Estate Coach and a four-time bestselling author. He is dedicated to teaching individuals how to transition from their W2 jobs into becoming full-fledged real estate investors. Chris is a recognizable giant in the industry and a certified fount of real estate investing knowledge accumulated from 31 years of experience, which he shares through both his business and his podcast—the Smart Real Estate Coach podcast, ranking in the top 0.5% of shows on Apple Podcasts. Chris joins us to share his knowledge with those who are looking to begin their investing journey, creative finance, and more. Tune in! Key Takeaways [00:00] Introducing Chris Prefontaine [04:38] Advice for beginner investors [08:05] Ballpark time frame for new investors before going into it full-time   [11:19] What is creative finance? What is buying on terms? [13:02] Where to find these deals [15:15] The Three Payday System [17:30] Owner finance deals [20:14] Traits that make a successful real estate investor [22:37] Advice on growing and managing your team [26:07] What Chris would do differently if he could start again [27:24] Connect with Chris Guest Links Website – smartrealestatecoach.com Youtube – youtube.com/smartrealestatecoach Affiliate link -https://smartrealestatecoach.com/?sld=92 Get Chris’ two books, Real Estate On Your Terms and Deal Structure Overtime, for free here: wickedsmartbooks.com/kirby1 Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

It’s time to consider taking your short-term rental properties out of being dependent on sites like Airbnb. Joining us today is Mark Simpson, the founder of Boostly, a platform that gives hospitality owners access to tools, training, and strategies to generate more direct bookings. External platforms provide certain benefits and minimize risks, but they can bleed you out of extra profit through commission costs. In this discussion, Mark brings to light how you can effectively take ownership of how you market your property and the profits. Tune in! Key Takeaways [00:00] Introducing Mark Simpson and how he started Boostly [10:23] Why go for direct bookings over Airbnb? [17:19] How to screen guests through direct bookings [20:21] What is Boostly and how does it get you more direct bookings?   [31:01] What percentage of direct bookings to OTA bookings should you aim for? [34:54] Lead generation methods to develop [38:11] Boostly best practices and The Book Direct Playbook [42:01] Connect with Mark and Boostly Guest Links Boostly Website – boostly.co.ukThe Book Direct Playbook – bookdirectplaybook.com Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Joining us for this episode of Living Off Rentals is Andrew Holmes. He is the founder of Chicago REIA, the largest real estate investors association in the country, and has significant experience in many facets of real estate, including building, developing, and investing. Andrew has built an extensive real estate portfolio–growing his empire into the multimillions. He has a full commitment to sharing his knowledge as a speaker and coach, guiding thousands of investors through his mastery program. Tune in! Key Takeaways [00:00] Andrew Holmes and his background [04:57] What did Andrew do early on to set himself up for success? [08:03] How Andrew’s strategy evolved over time [17:57] The 257 Strategy   [29:32] Is the strategy still viable today? [33:16] How Andrew chooses the opportunities he invests in [41:16] The mindset shift you need to achieve success [48:55] Connect with Andrew Guest Links Chicago REIA Website – chicagoreinvest.comAndrew Holmes Events Website – andrewholmesevents.com Show Links  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

As a real estate investor, you are not only navigating the market, but you’re also navigating the law, and much like the former, the law is in a constant state of evolving.  Keith Brady of Florida Vacation Rental Law joins us today on the Living Off Rentals podcast to shed some light on the legal aspects of owning and managing vacation rental properties. He is an educator for the Florida bar and authored the Florida vacation model ordinance. While Keith’s expertise is specific to Florida, his knowledge holds value for anyone, no matter where you hang your STR hat. Tune in! Key Takeaways [00:00] Keith Brady and his background [04:37] Key things to address legally when starting in short-term rentals [12:45] Discussing STR insurance [19:03] Vacation rentals and risk   [26:36] Navigating government restrictions in the STR space  [34:59] On agreements [40:23] Connect with Keith Guest Links Website – floridavacationrentallaw.com Email – [email protected] Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

The 1031 exchange can be a massively beneficial tool for real estate investors to have in their arsenal. It allows an investor the opportunity to defer taxes on the sale of a home, maximizing profit. To dive deeper into leveraging this opportunity, we are joined by 1031 exchange expert, Dave Foster. He is a real estate investor, accountant, tax strategist, executive director of The 1031 Investor platform, and the author of Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to the 1031 Exchange.  Dave defines himself as a poster child of Living Off Rentals and is eager to share his knowledge and methods for success in investing. Tune in, take notes, and profit.  Key Takeaways [00:00] Dave Foster and his background [09:44] Dave’s investments and 1031 exchanges  [18:10] 1031 exchange strategies [24:05] More on 1031 exchanges–properties, tax deference, and recommended amount  [28:37] 1031 exchange and passive investing  [31:42] Dave’s book on 1031 exchanges [33:06] Connect with Dave   Guest Links Website – the1031investor.com Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Welcome back to the Living Off Rentals podcast. Our guest is Sharad Mehta, a real estate investor and the Founder and CEO of REsimpli. Sharad is no simple investor. Over the years, he developed systems to automate his processes, eventually founding REsimpli, a company dedicated to simplifying real estate investing. It is a cloud-based system that helps investors automate tasks and manage their businesses more effectively. With his systems and his experience, Sharad is able to manage 3-4 rehabs each month without needing to be there. Join us as he shares his methods and insights in this episode.   Key Takeaways: [00:00] Sharad Mehta and his background  [07:47] How Sharad started developing his systems  [10:52] Sharad’s team [14:43] How Sharad stays on top of his businesses [18:29] On REsimpli  [25:01] Sharad’s marketing strategy [29:07] How his systems and his team has enriched Sharad’s business and life  [32:58] Associated costs with REsimpli, and its implementation into an investing business [36:27] Should you pay off your rental properties or keep leverage? [41:02] Connect with Sharad   Guest Links: Website: https://resimpli.com/Email: [email protected] Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Charles Carillo is our guest for this episode of the Living Off Rentals podcast. He is a commercial real estate investor and a managing partner at Harborside Partners.  Charles has been an entrepreneur for 20 years and in real estate since 2006, with a portfolio growing from 11 in 2017 to over 1,500 this year. He is also the host of the Global Investors podcast, which hosts many established rental property experts in the industry. Bringing with him years of experience and expertise, tune in to hear Charles’ insights into real estate investing and more. Key Takeaways: [00:00] Charles Carillo and his background  [11:51] Charles’ strategy and target properties then vs. now [14:41] Should you start with multifamily investing or should you start small? [16:20] Ongoing from 11 properties to 1,500 in 5 years and his strategy in the current market [29:01] Charles’ recent deals  [40:16] On expanding beyond real estate and managing his businesses [44:00] Charles on hiring virtual assistants  [49:00] Connect with Charles   Guest Links: Website: https://harborsidepartners.com/ Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Today’s guest on the Living Off Rentals podcast is Michael Chang, a former investment banker, now turned short-term rental business owner and operator as co-founder of TrustBNB Vacation Rentals with his wife, Elizabeth Chang. For a decade, Mike spent his years in Wall Street, and while he did very well financially, he didn’t want the life he saw most of his fellow investment bankers live. He wanted freedom and a lifestyle that allowed him to spend time with his family. This desire led him and his wife to begin their short-term rental business, eventually focusing on it full-time.  Taking his investment banking knowledge and applying it to their business, Mike and Liz were able to skyrocket their success in the short-term rental space. Tune in and catch his insights in this episode.  Key Takeaways [00:00] Michael Chang and his transition into short-term rentals [03:52] Michael’s rental arbitrage strategy [13:07] Discussing the numbers of his rental arbitrage strategy [16:02] Weighing the risks of leaving his work and starting his own business [20:56] How Michael and his wife handle their roles in their business [22:55] Did Michael’s background help him in his real estate investing career? [25:19] Michael on financing investing projects  [29:02] How to limit risk with the rental arbitrage strategy [31:41] The biggest lesson Michael has learned in his investing career [36:00] Connect with Michael   Guest Links Instagram: instagram.com/michaelchangbnb    Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Joining us for this episode of Living Off Rentals is Garr Russell. Prior to venturing into the rental space, he was a long-time FICO-certified credit counselor who founded his own business.  In 2015, having already owned a significant real estate portfolio, Garr began his journey in a unique, charming niche—RV rental management, Fireside RV Rental. After buying an RV for his and his wife’s 10-year anniversary, they rented it out, eventually snowballing into the country’s largest RV rental management franchise. Tune in and hear more about Garr’s “wheel estate” venture and his insights into the industry, as well as how you can get involved in creating cash flow through RV rentals as well. Key Takeaways: [00:00] Introducing Garr Russell [04:36] Renting his first RV to growing it into Fireside RV Rental [09:08] Scaling his RV rental business with an arbitrage strategy [14:05] Running the numbers in Fireside RV Rental [22:04] Renting out RVs [26:13] How Garr finds owners to work with [29:51] Fireside RV Rental as a franchise [35:23] Profits from being in the RV rental space [37:14] Garr’s advice for people who want to get into the RV rental space [41:03] Connect with Garr   Guest Links: Website: https://firesidervrental.com/   Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Dale Smith is a veteran in real estate, having been in the industry for 15 years with experience in investing, development, and management.  In 2017, Dale founded The SDDE® Smith Group, a company that provides a multitude of services for commercial and holiday home properties, including legal, property consultation, architectural and interior design, construction, and property management.  The SDDE Smith Group started with one vacation rental. Now it has 12 customer-facing brands, over 340 employees, and a projected revenue of over 30 million pounds in 2023. Tune in to learn his insights. Key Takeaways [00:00] Introducing Dale Smith [02:17] Dale expanding on the multi-brand business model [07:48] The SDDE Smith Group’s structure [13:26] How the company maintains profitability and a motivated cleaning staff at its scale [22:07] The SDDE Smith Group’s brands and their profitability [29:08] The SDDE Smith Group’s marketing strategy [37:47] Marketing channels that help The SDDE Smith Group get more direct bookings [41:58] Dale’s insights into the current state and future of the STR sector [48:20] Outro   Guest Links Website – sddesmithgroup.comDale’s LinkedIn – linkedin.com/in/dalesmithpvl Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Our guest today is Brian Davis, a real estate investing and personal finance expert with over two decades of experience, who has been frequently featured on news platforms and websites like U.S. News & World Report and REtipster.  Brian also created the SparkRental platform, allowing people to invest with a lower barrier of entry. He owns over fraction shares of 1500 units and has secured a comfortable lifestyle from his multiple ventures. If you’re exploring the world of rental property to achieve financial security through earning passive income, then this episode is for you. Tune in to Brian’s insights in today’s episode of Living Off Rentals.   Key Takeaways[00:00] Introducing Brian Davis and how he achieved financial independence [07:24] His real estate investing journey  [12:20] SparkRental, its inception, and its services [18:38] SparkRental deals, performance, and returns [23:12] How SparkRental finds deals in the high-interest and high-cap rate market [28:40] Locations SparkRental is currently focusing on [33:31] Brian’s and SparkRental’s investing goal [40:18] On mentorship and Brian’s tips for new investors [43:40] Connect with SparkRental  Guest LinksWebsite –  sparkrental.com Brian’s Email – [email protected] Support – [email protected] Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Joining us is Alexandra Greenawalt, real estate agent, best-selling author, former fashion stylist, and owner of the short-term rental business Sea + Salt Sanctuary. Alexandra began her journey into the short-term rental space when she started taking notes of the good and bad of the places she stayed in as a traveler. It all came to a head when she moved to Florida to be closer to her grandfather and bought a house in the state to rent out. Through this endeavor, she has found a passion for managing her short-term rental properties and dedicates herself to tailoring the experience for each of her guests, and she even built her own direct booking site. Tune in to learn more about her journey!   Key Takeaways [00:00] Introducing Alexandra Greenawalt [10:00] Customizing the rental for each guest and managing the properties  [16:23] Scale sacrificing quality  [22:05] How her properties perform  [27:11] Should all short-term rental owners become real estate agents? [31:22] COVID’s impact on her business and making her own direct booking site [37:16] How she screens her guests [40:44] Advice for people who are scared to leap into STR investing [43:00] Outro   Guest Links Websites – www.saltandseasanctuary.com and www.fairhavenpalmbeach.com Instagram – @alexandragreenawalt   Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

We’ve got Buddy Rushing coming back for today’s episode of Living Off Rentals. He is the co-owner, president, and CEO of White Feather Investments, a company focusing on residential and commercial properties. Buddy is also a former Marine and part of his company’s goal is to help fellow military personnel and their families generate passive income. His company is accomplishing this goal by launching the White Feather Investor Club and their Real Estate Investment Accelerator program to educate individuals and give them a strong network. Let’s catch up with Buddy and White Feather and hear his insights into the investing space. Tune in! Key Takeaways [0:00:00] Introducing Buddy Rushing [0:04:11] Catching up on Buddy’s current endeavors [0:08:11] The importance of education, network, and action in real estate [0:17:32] Buddy’s Real Estate Investment Accelerator program [0:32:07] The importance of working with someone with experience [0:36:11] Buddy’s insights into the future of the real estate market and his strategy for it [0:47:39] How Buddy strategized to cover his family’s goals to travel [0:58:59] Having the mindset of creativity and persistence when tackling opportunities [1:02:40] Buddy’s plans for the future  [1:07:41] Connect with Buddy Guest Links Website – whitefeatherinvestments.com Veterans for Financial Freedom – veteransforfinancialfreedom.com Facebook – facebook.com/edward.rushing.69 Instagram – instagram.com/buddyrushing Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Are you considering investing in short-term rentals outside of the United States? This is the episode for you. Joining us today is Germán Rimoldi, the CEO and co-founder of Foothold, an investment fund for unique short-term rental properties in the U.S. and overseas. He is also the author of The New Grave Dancer: Investing in Short-Term Rentals in Foreign Distressed Markets to Maximize Returns, in which he details his intuitive process of buying distressed properties, particularly in markets outside of the country. Tune in and learn about a profitable short-term rental investment opportunity you might be missing out on as Germán walks us through his methods and insights. Key Takeaways [00:00] Introducing Germán Rimoldi and getting into his grave dancing strategy [09:26] Why Argentina, Colombia, and Venezuela are standout markets [13:11] Navigating paperwork and formalities when investing in other countries [16:45] Explaining the role of inflation and legalities to navigate [25:16] Discussing the numbers–cost and revenue [31:36] On partnerships and determining the cash-flow dividends [34:30] Furnishing the property [35:11] Connect with Germán [37:12] Germán’s advice [37:50] Outro   Guest Links Website – https://foothold.co/Landing Page – olivegroveinvestments.com/re Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Aaron Spatz is the principal of Olive Grove Investments, a senior consultant at Waypoint Technologies, and the director of marketing and communications at the Veteran Executives Network.  Aaron is a serial entrepreneur, making his transition into the real estate investing space a natural development. He connected with Kirby after seeing him speak about short-term rentals in a veteran community. He enrolled in Kirby’s First Vacation Rental Investment Blueprint program and found a fantastic deal that generates great income. If you’re starting out in your investment journey, this is an episode you need to listen to. Aaron shares his story, the challenges he faced in finding a foothold in the short-term rental space, and the subsequent success he has experienced since. Tune in! Key Takeaways [0:00:00] Introducing Aaron Spatz and starting his short-term rental journey [0:07:02] Finding his confidence to move forward [0:10:03] Aaron’s amazing deal [0:20:59] How Aaron moved forward and funded the deal [0:27:04] Don’t overcomplicate the financial side of things [0:30:38] Managing the process after closing the deal and rehabbing the property [0:41:50] Furnishing the property [0:45:53] On self-managing the property [0:50:18] Unreasonable guests and working with Airbnb to remove their reviews [0:56:10] Biggest lessons Aaron learned throughout his deal [1:03:10] Closing remarks   Guest Links LinkedIn –  linkedin.com/in/aaronspatz Landing Page – olivegroveinvestments.com/re Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals First Vacation Rental Investment Blueprint Program – livingoffrentals.com/first-vacation-rental-investment-blueprint 

Our guest today is Taylor Wing, an officer from the 82nd Airborne Division turned into a full-time real estate professional. He graduated from West Point Military Academy in 2018 and now owns a home-buying and management company, Black Knight Property Solutions. Taylor already owns 32 doors of cash-flowing real estate and has done over $20 million of real estate transactions through flips and wholesale just five years after graduating from college. Being financially free just a few years after graduation is quite an achievement.  In this episode Taylor shares all of his best investing advice! Listen and enjoy! Key Takeaways [01:31] Introducing Taylor Wing [03:17] First actions that Taylor took in his real estate investing journey [06:12] His very first deal [12:01] Off-market lead generation [20:52] Impactful steps Taylor made on his road to financial freedom [27:04] Structuring your road to freedom [35:40] Taylor's best strategy in getting a deal [41:26] Financial Freedom Summit [43:32] Connect with Taylor   Guest Links LinkedIn – https://www.linkedin.com/in/taylorwing18/ Instagram – @taylorwing_ Buy tickets for Financial Freedom Summit - https://bcglobalevents.com/    Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Jim Sheils joins us on this episode of Living Off Rentals. He is a speaker, author, consultant, the founder of 18 Summers, and a partner at Southern Impression Homes, a new construction company with a property management subsidiary focusing on build-to-rent properties.   Jim wrote the book The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children, a book about developing a better connection with your family and closer bonds through actionable advice.    As entrepreneurs, many of our goals align with the intent of making a better life for our families, and Jim comes in to share his insights into the subject as well as his journey into real estate. Tune in! Key Takeaways [00:00] Introducing Jim Sheils and his insights into family time [06:49] The Family Board Meeting book [09:55] Achieving a work-life balance [15:56] Jim on his journey in real estate and starting a company [19:32] Lessons learned throughout his real estate journey [25:04] On his focus on build-to-rent properties [31:28] Get started on your build-to-rent journey [33:47] Jim’s property management service [38:53] Advice for achieving a good work-life balance [44:04] Advice for starting investors   Guest Links Starting Your Build-to-Rent Journey – jjplaybook.com18 Summers: Podcast for Parents – podcasts.apple.com/us/podcast/18-summers-podcast-for-parents/id1517106300 The Family Board Meeting Book – amazon.com/Family-Board-Meeting-Connection-Children/dp/1732362912 Show Links  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Get ready to witness the incredible success that can only be found in the world of short-term rentals. Join us as we introduce our esteemed guest, Will Sutherland, an Airbnb host who recently made headlines in a Business Insider article. Will had the idea to build a treehouse on his four-acre land holding, and he built everything himself. With the treehouse and his other Airbnb property—a converted school bus—he has since made enough money to leave his 9-to-5 job and work as a full-time host, truly living off rentals. Tune in as we delve into Will's journey as he shares his story and insights into his remarkable success in short-term rentals! Key Takeaways [00:00] Introducing Will Sutherland and his story [04:55] On building the treehouse [08:25] The treehouse’s specifications and utilities [12:58] Sharing a space with strangers [17:24] The financial situation of the treehouse property [20:51] Will on self-managing his properties [23:08] The insurance situation of treehouse properties [25:55] Will’s method of screening his guests [29:17] Lessons Will has learned since he began and his future plans [34:21] Connect with Will Guest Links Business Insider article about Will – businessinsider.com/i-built-airbnb-treehouse-and-now-host-full-time-2023-1 Instagram – instagram.com/willbillys Show LinksLiving Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Join us for an enlightening episode as we dive into the dynamic realm of short-term rental investment with the brilliant Jeff Brown, founder of Intellihost. Intelllihost is an innovative platform that measures your search performance on Airbnb and delivers data-driven recommendations to maximize your revenue potential.  As an experienced short-term rental investor and host, Jeff brings a wealth of knowledge to guide those who rely on rentals as their primary income source.  Join us as we discuss the short-term rental market and the benefit of using Intellihost in gaining a competitive edge in the industry! Tune in! Key Takeaways [00:00] Introducing Jeff Brown and his journey into the short-term rental space [07:26] The problem in the short-term rental industry and how Intellihost solves it [14:08] How Intellihost helps you positively affect your ranking on Airbnb [25:58] What is AB Testing? [27:40] How Intellihost adjusts its strategy depending on the season [29:46] Intellihost’s prices [31:03] Jeff’s insights into the current state of the market [33:54] Jeff’s insights into the future of short-term rentals [37:14] Connect with Jeff    Guest Links Website – https://intellihost.co/Email – [email protected]   Show Links Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT): livingoffrentals.com/start Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Our guest today is Matt Shields, an investor, a founder of Signifcan LC, and the founder & CEO of Virtus Ventures. He is also the host of the Invest in Sqft Podcast, where he shares his knowledge of multifamily investing with his audience. Matt has been an entrepreneur for 25 years. Throughout that time, he has delved into tech before moving into multifamily investing, where he has amassed a portfolio of $60 million in real estate assets–and counting. Experience is the best teacher, so Matt comes into this episode with a lot of insights to share about the nature of entrepreneurship and investing. Tune in! Key Takeaways [00:00] Introducing Matt Shields [03:47] Matt’s three different ventures and how they intersect [05:56] How Matt manages having three different ventures [12:30] Leveraging the power of people and properly tracking their projects [20:44] Matt’s ideal deal in the current market [27:17] Matt recounts a recent deal and how they set it up to attract their desired clientele [32:15] What Matt would do differently if he could start his investing career over [34:13] Lessons learned in tech that he applied in his investing ventures [35:28] Connect with Matt    Guest Links LinkedIn – linkedin.com/in/matthewshields Podcast – podcasts.apple.com/gb/podcast/invest-in-sqft/id1506940483Traction: Get a Grip on your Business - https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837   Show Links  Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT): livingoffrentals.com/start Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Throughout my career, I often receive questions from new investors about what to expect when investing in rental properties. It's understandable to be unsure about the potential returns and to set realistic goals, especially when starting out with no prior experience.  In today's episode, I want to address these questions by taking a different approach. Instead of an interview, I will dive into a recent deal we closed and present it as a case study. I’ll be going over all the details of the deal, from finding the property to reflecting on lessons learned, to provide you with tangible examples and demonstrate what is possible in the realm of real estate investing.  Whether you are a new investor or an experienced investor seeking inspiration for your next project, this episode is for you. Tune in! Key Takeaways [00:00] Introduction [01:25] Diving into what’s possible in short-term rental investing [03:06] An overview of the deal and discovery of the property [10:23] Running the numbers – Factoring in the cost of rehabbing and inspecting the home [20:46] Running the numbers – Rehabbing the property and anticipating occupancy [28:12] Financing the deal [31:45] First key takeaway – When rehabbing a property, think like a problem-solver [36:25] Second key takeaway – Don’t do a rehab unless you’re creating worthwhile cash flow [39:04] Closing remarks    Show Links Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT)! Join HERE!   Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

For this episode of Living Off Rentals, we are joined by Sarah Weaver. She is a coach, speaker, real estate investor, real estate entrepreneur, and the author of 30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental. Throughout her career, she has built an extensive portfolio, which she also self-manages, including short-term rentals. With her numerous investments, Sarah was able to live a nomadic lifestyle and exercise her passion for traveling. This freedom led her to dedicate time to helping others achieve the lifestyle they desire through real estate investing. We’re in another episode with a ton of value! Tune in! Key Takeaways [00:00] Introduction [01:15] Introducing Sarah Weaver and her background [08:54] Her medium-term rental strategy [18:31] Financing medium-term rental deals and watching for market saturation [22:59] On how she manages her medium-term rentals [26:59] On living as a digital nomad and fulfilling her passion for traveling and helping people find confidence [31:29] Her takeaways from the Real Estate Wealth Builders Conference [34:24] On vocalizing the feeling of inadequacy [37:06] Advice for beginning investors    Guest Links Website – sarahdweaver.com Facebook – facebook.com/sarahdweaverpage Instagram – instagram.com/sarahdweaver   Show Links  Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT)! - Join HERE   Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Today marks the first for the Living Off Rentals podcast! We got to talk to Andrew Yu in person at the Real Estate Wealth Builders Conference. Andrew Yu is the founder and owner of Paranova Property Buyers, a wholesaling company based in Little Rock, Arkansas. Andrew shares his story about how he started in the real estate investing space and how it allowed him to quit his 9-to-5 job and build a successful company. Tune in! Key Takeaways [00:00] Introduction [00:59] Introducing Andrew Yu, his background, and his first deal [06:36] His second deal and discussing subject-to deals [09:26] Starting a wholesaling company [15:43] Andrew’s house hack [20:02] Advice for new investors Guest Links Website – MidSouthBestOffers.com Facebook – http://facebook.com/MSBOAR   Show Links  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

In this episode of the Living Off Rentals Podcast, we are joined by Robin Simon, a finance expert specializing in rental property investments and a partner at Easy Street Capital.  Robin joins us to discuss real estate financing, focusing on short-term and medium-term rental investments. He shares valuable insights and expert advice, shedding light on the nuances of securing financing for these types of investments, and gives us an insider look into Easy Street’s process.  Whether you're a seasoned investor or just starting out, this episode offers valuable information to help you navigate the financing landscape, especially for your STR business. Tune in!  Key Takeaways [00:00] Introduction [00:59] Introducing Robin Simon, his background, and his work with Easy Street [05:49] How Easy Street’s financing options differ from other lenders [09:21] Applying for Easy Street financing, including its requirements and process [13:02] Things to keep in mind that can hurt the process of the deal [16:19] A discussion of terms in Easy Street’s financing options [23:23] On Easy Street’s dedication to serving short-term rentals and first-time investors  [30:23] On whether Easy Street allows having a secondary or partner on the deal [32:24] How Easy Street handles financing for rehabs [35:53] Indicators or characteristics of success in investors [38:35] Connect with Robin Simon and Easy Street [41:25] Conclusion and podcast outro Guest Links Website – easystreetcap.comFacebook – facebook.com/EasyStreetCapital Twitter – twitter.com/EasyStreetCapLinkedIn – linkedin.com/company/easy-street-capital Instagram – instagram.com/easystreetcap Robin’s Instagram – instagram.com/robinsimonesc Robin’s LinkedIn – linkedin.com/in/robinsimonesc Show Links   Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Our guest today is Seth Williams, a real estate investor and founder of REtipster. REtipster is a real estate community that educates motivated individuals to pursue their real estate goals and earn good money while minimizing risk. Join us as Seth shares his insights into the industry, based on his struggles starting and growing his own portfolio. This episode is undoubtedly a valuable one for learning about land investing and for finding your ground as a new investor. Tune in! Key Takeaways [00:56] Introducing Seth Williams and his initial struggle to enter real estate investing [06:41] One mistake new investors often make their first time [07:48] On land investing and navigating the competition in the industry [17:19] On why you need to do your due diligence  [21:13] Deals Seth goes for today [22:56] On REtipster [26:03] How Seth manages his time between his ventures and personal life [31:05] Lessons Seth wishes he knew starting out [33:44] Connect with Seth and REtipster [34:39] Seth’s forecast on real estate investing and the land niche   Guest Links Website: retipster.comLearn more about land investing: landflippinglifecycle.com Show Links  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Joining us on Living Off Rentals is Leslie Anne Morris. She is a real estate investor, real estate coach, motivational speaker, best-selling author, and the owner of Josh Cabins, Josh Cabins Management, and Invest in the Smoky Mountains.  As a short-term rental expert, Leslie offers her services as an agent, consultant, and property manager to many of her clients, and even helps set it up as an AirBnB under Josh Cabins’ direct booking site.  Tune in to hear Leslie’s story and insights into short-term rental investing and get inspired to start your own venture! Key Takeaways: [00:55] Introducing Leslie Anne Morris [04:17] Leslie’s first deal and cashing out her IRA [08:31] The numbers behind Leslie’s first deal [12:41] The expectations and realities of Leslie’s decision to start investing [16:05] The Invest in the Smoky Mountains purchase process [18:19] On running a property management business with an investor’s mindset [20:57] On her lessons learned in hindsight since starting her investment journey [21:54] On the book Leslie is writing [23:47] On her goal to help a thousand women become millionaires through STR investing [25:56] Connect with Leslie   Guest Links: Website: https://leslieannemorris.com/Instagram: https://www.instagram.com/leslie.anne.morris/ Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Today’s guest is Lindsay Lovell, a real estate investor, co-founder of Wanderlust Property Management, co-founder of G-VI Capital, and the founder of The Millionaire’s March. Lindsay’s presence in the real estate space is nothing to scoff at. She has experience and expertise in multiple facets of investing, from being an investor herself to diving into property management and coaching other investors in finding their own success and financial freedom.  Tune in to the discussion and learn about her investment journey, including how she grew her holdings from 0 to 36 doors in just 18 months–and more! Key Takeaways: [00:55] Introducing Lindsay Lovell [06:34] How she was able to quickly build up her portfolio from zero [08:35] Lindsay’s strategy for her first 36 investment properties [13:44] How Lindsay’s strategy changed in her next investments [15:21] Lessons learned since she first started [20:54] Lindsay’s current investment targets [24:56] On long-distance property management [27:20] On her coaching services [31:59] Connect with Lindsay   Guest Links: The Millionaire’s March Website: themillionairesmarch.com Wanderlust Property Management Website: wanderlust-property-management.business.site G-VI Capital’s Website: g-vicap.com Show Links:  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Today we are joined by Milena Dorsey, the owner and CEO of Signature One Signing Services LLC and the co-founder of Dorsey Holdings Intl.  Milena is relatively new to real estate investing, and it’s been exciting to see her development. She was one of the members of my First Vacation Rental Investment Blueprint program less than a year ago, but she is already coming up on owning her sixth rental property! Tune in to the discussion as she shares how she managed to build her investment portfolio quickly into a steadily growing short-term rental business. Key Takeaways: [00:55] Introducing Milena Dorsey and her background [08:30] Ending up in the United States and starting in real estate [13:34] Opening her notary company [18:24] Joining a real estate accelerator course and starting her portfolio [29:14] Milena’s metrics for her properties [32:31] Milena’s advice on mindset [37:25] Her initial real estate goals and how they’ve changed [40:31] On managing her properties long-distance [46:27] Beginning to offer management services [50:42] Lessons she’s learned since she started in real estate [54:42] Connect with Milena   Guest Links: Email: [email protected] Show Links:  Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – livingoffrentals.com Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Our guest today is Jaime Lane. He is an advisor, and Vice President of Research at AirDNA, where he also co-hosts the company’s podcast.  Jaime Lane's role at AirDNA entails analyzing data, pioneering innovative ideas, and utilizing cutting-edge analytical methods to offer fresh perspectives on short-term rental supply, demand, and pricing trends. His research has been featured in leading academic and professional publications, and he frequently shares his insights at lodging industry conferences and seminars. Jaime has a deep background in economics and analytics, and he joins us today to give his insight into the industry and the benefits of using a tool like AirDNA for your business. Tune in! Key Takeaways: [00:55] Introducing Jamie Lane and his background [03:55] Will AirBnBs threaten the hotel industry? [05:55] AirDNA and its tracking capabilities [12:00] The accuracy and reliability of AirDNA data [21:27] AirDNA on market predictions and Investability  [24:51] Jaime’s insight on the Detroit and Maui markets [26:59] On the development of AirDNA as a tool [30:10] How to identify investment opportunities in today’s market [37:58] Connect with Jamie Guest Links: Jamie’s Blog: https://www.airdna.co/resources Twitter: https://twitter.com/jamie_lane Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

On this episode of Living Off Rentals, we are joined by Jessica Hinton, the owner of Barefoot Vacation Rentals. After managing her own vacation rentals for several years, Jessica was inspired to start her own vacation rental management business. With her 16 years of experience as an HVAC technician in the Air Force and her current line of work as a project manager, she had the skills and desire to take on this new challenge. Jessica has since built a team to help with the many properties that Barefoot Vacation Rentals is managing. They take great pride in their service, even offering their unique Peace of Mind service, which ensures that property owners can rest assured that temporary tenants don’t disturb the neighbors. Tune in as she shares her journey and insights on the short-term rental space! Key Takeaways:   [01:01] Introducing Jessica Hinton and her background [07:06] How she managed her time as an investor, full-time service woman, and single mom [10:38] Transitioning to managing other people’s properties [12:53] Barefoot Vacation Rentals and managing her staff [22:29] Barefoot Vacation Rentals’ Peace of Mind service [27:33] How she sustained her business despite struggles [33:38] The benefit of having a team you can trust [36:00] How she is preparing her busines for the future Guest Links: Website: https://www.yourbarefootvacationrentals.com/ Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Josh Hatter is many things. He is an information arbitrageur, STR, and B&B expert, and a cash flow junkie who is all about innovation and out-of-the-box thinking. He has been investing since 1999 at the young age of 18. In 2012, Josh took out a $30,000 401k loan, which played a significant role in his current success. Josh's niche-focused approach has led to his current $5 million, largely made up of short-term rentals and B&Bs. He gives much credit to his implementation of "information arbitrage," a principle of making decisions based on asymmetric risk/reward. Tune in as Josh shares his unique perspective on real estate investing and the opportunities that exist in the short-term rental and B&B market, and the mindset by which he operates that keeps him at the top of his game. Key Takeaways: [00:56] Josh Hatter and his story, his initial foray into investing, and  [08:36] On leaving the corporate world and investing full time [12:19] On going into short-term rentals, B&Bs, buying a property management company [16:25] Transitioning into a new B&B model and its management [22:18] How Josh manages his significant growth [26:31] On information arbitrage, and how it has influenced his success [26:49] Eventual scaling goals [34:17] How Josh stays at the top of his game and can focus on self-development [37:20] Connect and collaborate with Josh Hatter   Guest Links and Contacts: Website and Revolutionary Mindset Community Sign-Up: https://www.joshhatter.com/LinkedIn: https://www.linkedin.com/in/joshuahatter/ Facebook: https://www.facebook.com/joshuaghatter   Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Joining us on this episode of Living Off Rentals is Patryk Swietek. He is a serial entrepreneur, starting at 14 years old, and a real estate investor that specializes in short-term rentals and hospitality assets. He has built multiple tech businesses and currently owns a real estate portfolio of multiple short-term rental properties. Patryk owns the property management company LaVista Rentals and is one of the founding figures of STR Nation, a non-profit that aims to provide short-term rental investors with a community of like-minded individuals, helping each other achieve knowledge, confidence, and support to manage their investments. Tune in to this episode as he gives us a masterclass on the subject of the entrepreneurial mindset. He talks about the challenges and limiting beliefs anyone can face when starting a venture like short-term rental investing, and shares how we can overcome them to achieve our goals. Key Takeaways: [00:56] Introducing Patryk Swietek and his background [05:05] Starting in short-term rentals and getting his first vacation rental [16:41] Running short-term rentals is a business: Patryk’s experience running one the first time  [18:49] Scaling his short-term rental business [24:08] Applying marketing: features that help increase the rate [25:25] On partnership roles [26:49] Eventual scaling goals [30:09] Starting LaVista Rentals, a property management company, and what sets it apart from its competition [33:42] Their property management rates [39:33] On STR (Short-Term Rental) Nation [40:58] Connect with Patryk and Join STR Nation   Guest Links and Contacts: STR Nation Facebook Group: https://www.facebook.com/groups/550974435974421/ Patryk’s Instagram: https://www.instagram.com/patryk_swietek/ Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Our guest today is Lee R. Phillips, a trailblazing Counselor of the United States Supreme Court. Lee is an accomplished professional, holding a range of licenses in areas such as real estate, mortgage brokering, securities, and life insurance. He is also an exceptional registered investment advisor with a keen understanding of finance and investment strategies. Lee's expansive expertise extends beyond traditional legal fields and encompasses innovative solutions in business structure, asset protection, financial planning, and estate planning. He is a respected authority in these areas, providing individuals with invaluable guidance to navigate complex financial landscapes. As the founder of LegaLees Corp., Lee has created a revolutionary company that specializes in providing customized solutions for high-net-worth individuals seeking to resolve asset protection and tax issues. Thanks to his knowledge, Lee has successfully helped over a million people to achieve financial security, leverage legal intricacies to their advantage, and maximize their income. Tune in as Lee uses his insight to shed some light on the legalities involving short-term rentals! Key Takeaways: [00:57] Introducing Lee Phillips and his background [07:10] Lee’s advice on how to start rental investing [13:30] How many assets should you have in an LLC? [18:01] On managing LLCs and protecting your assets [32:23] On restructuring your LLC to get tax advantages [35:47] Advice on how to protect free & clear property [36:56] When and how to find an estate attorney for setting up your estate [40:51] Connect with Andy, Brandon, and Group Home Riches   Guest Links and Contacts: LLC Mini-Course:  Protecting Your Financial Future by Lee R. Phillips: https://legalees.com/product/protecting-your-financial-future/ Phone No.: 801 802-9020 Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Andy and Brandon of Group Home Riches join us to talk about their chosen niche in real estate investing—they invest in group homes, care homes, and spaces for assisted living. Through this model, they provide affordable and cooperative housing for different demographics of people, including veterans, the elderly, people with special needs, and more. They’ve been in the niche since 2006, and have simultaneously grown their business to massive success while helping people in need. Tune in to this episode to learn more about this unique business model! Key Takeaways: [01:54] Introducing Andy & Brandon and venturing into group home real estate [09:31] Group home investing: how payments work, the screening process, and working with caseworkers [16:12] The typical financial situation and ROI in group home investing [20:12] Managing group homes: handling turnovers, financing, evictions, the similarities with short-term rentals, and hiring a property manager [29:23] Traits and habits of successful investors [33:41] Lessons learned over the years and how they’ve changed as investors [40:51] Connect with Andy, Brandon, and Group Home Riches   Guest Links: Group Home Riches:  www.grouphomeriches.com Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

For many investors, success equates to being free of financial worry and having more control over your time. At 43 years old, our guest today managed to achieve this goal with the help of rental properties. Brian Tibbs began his investment journey in college and, from there, he focused on growing his portfolio while doing non-profit work overseas. Eventually, he made the step many investors are often wary of doing–he switched from long-term to short-term rentals. Tune in to this episode to get some insight on this transition, along with other helpful strategies that Brian has used to reach his current success and financial freedom! Key Takeaways: [01:54] Introducing Brian Tibbs [03:52] Brian’s investment and entrepreneurial journey [11:14] Switching from long-term to short-term rentals [16:09] The difference in the amount of owner involvement between long and short-term rentals [19:43] How common are problem guests in short-term rentals? [22:53] More on Brian’s management systems [25:44] Brian’s current strategy in the Boise and Arizona markets [30:42] Discussing rental strategies [41:34] Brian’s upcoming book: Class Hack  [43:01] Connect with Brian   Guest Links: Brian’s Email:  [email protected] Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Our guest for this episode is Derrick Barker, the CEO, and co-founder at Nectar.  Nectar is a specialized platform that offers financing based on cash flow to real estate entrepreneurs, investors, managers, and hosts alike. They give investors an advance based on their existing cash flow, allowing them to access capital without incurring debt or diluting their equity. Derrick has been in the finance industry since he left university and is a serial entrepreneur who started his first successful venture as a freshman at Harvard. His real estate career began with single-family properties, and from there grew his portfolio. His experience dealing with the capital-intensive real estate investing venture led him to help found Nectar. Tune in as we talk about this unique financing option worth checking out for your short-term rental investments and some more insights into the industry! Key Takeaways: [01:17] Introducing Derrick Barker and Nectar [07:15] How Nectar differs from other types of financing [09:34] How Nectar can ensure landing a deal in six to ten days [11:20] How Nectar’s financing works: (1) for purchasing property, (2) hands-off method, (3) borrowing across a portfolio, (4) setting terms and securing repayment, and (5) their ideal client [25:11] Nectar for short-term rental managers [28:27] Great places to invest or buy short-term rentals [33:18] Derrick’s forecast for the short-term rental space [37:34] Advice for people who want to get into short-term rentals [40:39] How to connect and borrow from Nectar [41:16] Outro   Guest Links: Nectar Website:  https://www.usenectar.com/ Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

The pursuit of financial freedom can be intimidating, but for some investors, there’s one simple why that makes everything worth it: family. In this week’s episode, Adam Zach is sharing his journey from being a full-time engineer to now having over 50 properties -- all while prioritizing his family over business. As the co-creator of Home Equity Partner, Adam is committed to helping future homeowners finance and own their dream homes. With their unique business model, Home Equity Partner has been able to successfully serve clients that can’t access traditional bank loans.  If you’re thinking about kickstarting your investing journey, then this is the place to be. Join us as we talk about leveraging your W2 job before leaving, recognizing your competitive advantage as an investor, and landing on the perfect strategy to achieve financial freedom for you and your family! Key Takeaways: [01:10] Adam’s Approach To Being A Family Man With A Business  [6:55] The Great Balancing Act: Managing A 9-5 With A Family [13:05] How Adam Strategized Quitting His Fulltime Job [17:33] Leveraging Your W2 Job Before Quitting [20:10] How Adam Arrived At His Current Business Model [22:15] Landing On The Perfect Business Partner [28:10] How Home Equity Partners Discovered Their Target Market  [32:40] Adam’s USP For Homeowners Who Need Loans [37:20] The Importance Of Screening For Potential Homeowners [43:40] Effective Strategies For Buying Your First Property [47:45] The Trick To Making Difficult Decisions Home Equity Partner Website: https://homeequitypartner.com/about-us/  Adam’s Email: [email protected] Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Making the jump to real estate investing will be the best thing you ever do for yourself and your family. Today, our guest tells us about his journey from making that career pivot and starting from zero. In this week’s episode, we’re so excited to hear from Isaac Lane, an experienced house hacker, and successful real estate investor. Isaac’s meticulous approach to investing has paid off immensely and he’s raring to share his tips and tricks for beginners. If you’re ready to improve your earning power drastically, this episode is for you. Tune in as we discuss screening property managers, maximizing the power of your network, and trying Isaac’s systems for achieving your passive income goals. Key Takeaways: [01:10] The Starting Line of Isaac’s Career [5:45] Factors To Consider When Investing [7:42] Diving Into The Actual Numbers [9:10] What Most Investors Forget To Research [11:30] Why Should You Check The Age Of Your Property? [12:55] How To Vet Actually Good Property Managers [15:25] His Gameplan For Scaling Up  [18:39] What’s The Best Thing You Can Do For Your Personal Finance? [19:50] Isaac’s Strategies And Systems for growth [24:40] The Power Of Networking [27:15] Isaac’s Hack To Genuine Personal Development [29:55] How Isaac Is Aiming For $25,000 Of Monthly Passive Income [31:00] The Unlimited Earning Power Of Real Estate Isaac’s Instagram: https://www.instagram.com/p/CfgyNLoL9IW/   Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

Ever feel like your full-time W2 job is holding you back from pursuing your real estate journey? Or maybe you’re using it as an excuse to not make that jump just yet. Today, we’re joined by Loren Wernette, who is living proof that you can enjoy the best of both worlds. In just two years, he was able to scale his business from 0 to 55 rentals -- all while managing his full-time job! As a successful entrepreneur and educator, Loren is more than happy to share the winning mindset that changed everything for him and the steps he took to scale up to more than 50 long-term rentals. Tune in for this week’s episode if you don’t want to miss our conversations about the importance of valuing your time, the untapped potential of private money, and the key to building a strong team of property managers. Key Takeaways: [02:10] Loren’s Career Journey [6:50] How Loren Went From “Someday” to Today! [10:25] How Do You Overcome the Fear of Starting? [13:55] The Best Thing You Can Do When Starting Out [19:27] The Key to Starting Out Strong [22:52] Loren’s #1 Rule in Lending [24:20] Learning From Your First Deal [25:10] How Loren Scaled Up Quickly [29:15] Building a Company From Scratch [32:40] Financing Deals Using Private Money [41:10] Advice for Rookie Investors [42:10] The Mindset You Need to Expand Your Portfolio [46:50] Finally Escaping the Rat Race [51:40] How to Select and Manage Property Managers Loren’s Instagram: https://www.instagram.com/dadlifeloren/ Loren’s Email: [email protected] Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Today’s guest is Rosario Terracciano. He is the co-founder and CEO of Clickinvest, a technology company that provides acquisition solutions to real estate investors. Through their innovative algorithm, investors can sort through listings and find properties in their chosen niche, whether build-to-rent, build-to-flip, acquiring short-term rentals, or flipping distressed property. With humble beginnings helping flippers and investors who want to build their rental portfolio, Rosario and Clickinvest have moved into new construction. They now have one hundred thirty lots ready for rental properties in Southwest Florida. Tune into the episode and hear about how they did it, along with valuable insights into the industry from a certified expert investor.  Key Takeaways: [01:07] Introducing Rosario Terracciano and Clickinvest [05:06] Clickinvest and the Build-to-Rent model [08:48] The process of how Clickinvest works with investors in this model [16:45] Expounding on the numbers behind the model [22:39] On associated costs  [26:09] The appeal and convenience of the model and the client’s role throughout the process [30:45] The impact of Hurricane Ian on their business [38:39] The risks to consider when choosing to invest in this model [42:06] The Clickinvest team’s secret to great results [47:46] Connect with Rosario and Clickinvest [48:41] Outro   Guest Links: Rosario’s Email [email protected]   Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Michelle Norman is a licensed Real Estate Broker and the owner of Elite Real Estate & Associates. She has been practicing Real Estate since 2004 and specializes in various areas, including luxury homes, residential re-sale, investment properties, and relocation.  Beginning in wholesaling and flipping, she has since moved into the short-term rental space and worked with me to learn more about vacation rental investments, gaining amazing results in less than a year. Tune in to the episode as we dive into how Michelle has built her success! Key Takeaways: [01:02] Introducing Michelle Norman [05:17] Why she joined the program and her beginning her new venture into short-term rentals [10:50] On remote properties [15:05] On staging her properties [18:49] How she finances her investments [23:35] Lima One DSCR loans [24:16] On the four-unit property that they’re purchasing [30:40] On the importance of working with other people in building success [33:30] Michelle’s time management advice [36:59] What she has learned that she wishes would have known earlier [39:50] Michelle’s current goals [41:31] Outro   Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals  

When diving into short-term rentals, handling your client’s every request can get overwhelming. This week, our guests have made it their mission to help rental owners reclaim their peace of mind. In this episode, we are stoked to hear from Charlie Cameron and Hersh Rai, co-founders of Serenity Stays. Their business is dedicated to helping short-term rental owners manage their portfolio by handling everything from the amenities to the client's requests. This dynamic duo shares their insider wisdom on optimizing rental management and determining what could be the best market for you. We also talk about setting yourself up for success and what attracts clients more than anything. If you’re interested in scaling up your portfolio, then tune in to learn about how choosing the right property managers can help you rapidly grow your real estate empire.   Key Takeaways: [3:09] The Story Behind Serenity Stays  [6:05] How Serenity Stays Does Things Better [9:40] How serenity stays operates [12:16] How Hirsch Fell In Love with Real Estate [14:15] Steps to Determining if the market is a right fit 22:50 The Key to building long term relationships with clients [24:54 Which Markets Work Best for First-Timers [29:05] The secret ingredient to attracting renters [31:41] determining what is a good rental deal [32:24] advice for partnering in real estate [37:17] The Simple Step to Consistently Getting Five-Star Reviews [42:19] Looking to Get Started or Grow?  Guest Resources: Serenity Stays Website: https://www.serenitystays.com/Serenity Stays Email: [email protected] Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com

Every business owner has considered hiring remote assistance to grow their business, but everyone who has ever tried knows that it can be more complex than it may initially seem. Our guest today is here to shed some light on the topic. In this episode, we welcome Greg Brooks, Director of Business Development at Rocket Station. His company is a remote staffing agency dedicated to providing virtual assistants for people in the real estate investing space. He has a wealth of experience and knowledge regarding virtual assistants and how to leverage them to benefit businesses. Greg discusses the process of virtual assistant work, the benefits it can provide, and the potential pitfalls that can arise. Tune in to get valuable insights on effectively managing and utilizing virtual assistants to boost your business and take it to new heights.  Key Takeaways: [01:01] Introducing Greg Brooks and Rocket Station [04:05] How Rocket Station differs from other VA service companies [08:24] How Rocket Station manages the potential language barriers common in outsourcing work [12:01] Why the Philippines over other countries? [13:37] Common tasks in the real estate investing space that VAs can help with [17:39] Deciding which roles in the company can be done by people closer to home and which roles to outsource [20:53] Hiring, aligning, and training virtual assistants [28:17] Ballpark cost of hiring outsourced assistants [30:31] Why it’s still necessary to learn and develop your process before venturing into hiring virtual assistants [33:41] Rocket Station success stories [36:17] Learn more about virtual assistant work and connect with Rocket Station   Guest Resources:Rocket Station Website: rocketstation.comVA Development Resources: discovery.rocketstation.com Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Mark Willis is a certified financial planner and the owner of Lake Growth Financial Services. He is a three-time best-selling author and the co-host of the well-known “Not Your Average Financial Podcast."  Mark takes a holistic approach to financial planning and is well-versed in alternative investments, such as cash-flowing rental property, and the many ways to generate fantastic returns. Don't miss the opportunity to hear from Mark as he provides valuable insights and strategies for incorporating real estate into an overall financial plan to help listeners move closer to their goals.  Key Takeaways: [00:59] Introducing Mark Willis and his background [11:05] How Mark works with his clients on their financials  [14:24] The characteristics of a great financial portfolio [19:21] On using the tools at your disposal to reach your financial goals [23:13] On whole life insurance [32:25] Whole life insurance as one part of a bigger plan [36:06] On diversifying investments [41:46] Using equity harvesting to tap into your equity without refinancing [49:46] Other strategies for tax savings [53:00] Opportunities in the new economic climate [57:15] Connect with Mark   Guest Resources: Not Your Average Financial Podcast - www.notyouraveragefinancialpodcast.com Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

William Tingle is a renowned real estate investor, coach, author, and speaker. He is the host of The Sub2Deals Show and the creator of Sub2Deals.com, a platform dedicated to helping investors succeed in the real estate industry.  With over ten years of experience in the field, William has trained and coached many individuals across the United States to achieve financial success through real estate investing. In addition, his expertise and insights have made him a trusted resource for those looking to build and manage a profitable rental property portfolio.  William joins us to discuss subject-to real estate, his career, and more. Catch the complete discussion here. Key Takeaways: [01:00] Introducing William Tingle [05:07] William’s first real estate deals and working toward financial freedom [09:21] On Subject-to deals and how William structures them [12:49] Finding people for subject-to deals  [18:07] Subject-to deals and working with sellers [20:57] Subject-to-transactions and the due-on-sale clause [26:08] What happens if the seller wants to get a new loan for a different property while in a subject-to-deal? [28:38] On refinancing [33:31] How to determine the purchase price that you would pay compared to a cash offer. [37:05] VA loans and subject-to deals [38:34] How William manages administration and tracking of his subject-to deals [40:10] William’s key to success [43:06] Connect with William   Guest Resources: The Sub2Deals Podcast - www.sub2tv.com Williams Sub2 Coaching Resources - www.sub2university.com Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

For today's episode of Living Off Rentals, we’ve got returning guest Dustin Heiner. As a bit of a reintroduction, he is a successful investor and a veritable resource of real estate knowledge. He authored several books on rental property investing, and hosts two successful podcasts: Master Passive Income and Successfully Unemployed. Dustin joins us today to talk more about his work, his story, and his mission. He talks about his initial foray into the world of real estate investing and how he has found his passion in teaching others to find their own success in the industry. As a mentor and community builder at heart, Dustin also touches on the subject of his books and the Real Estate Wealth Builders Conference (REWBCON). Dustin put together the first REWBCON last year and I had the honor of attending and speaking at the event.  This was by far one of the most valuable real estate gatherings, I've ever had the opportunity to attend.  To get your discounted tickets to this years event, go to www.REWBCON.com and enter promo code: Kirby Catch the full discussion here. Key Takeaways: [00:54] Reintroducing Dustin Heiner [03:27] How Dustin started his real estate investing career [06:43] On the beginning of his mission to teach and build a community [14:57] The success stories from the Real Estate Wealth Builders Conference (REWBCON) [22:30] On Dustin’s faith and how it intersects with his career [28:58] Characteristics of successful investors [34:15] How erring on the side of giving helped Dustin grow his business [32:48] Struggles experienced and lessons learned by Samir throughout his journey. [36:34] Dustin and how he balances his family life and his many successful ventures [43:31] Connect with Dustin and sign up for REWBCON [44:24] Closing Remarks   Guest Resources: Sign up for The Real Estate Wealth Builders Conference @ www.rewbcon.comUse the promo code “Kirby” to get 10% off the tickets at check out! Dustin’s Master Passive Income Podcast - https://www.masterpassiveincome.com/podcast Successfully Unemployed Podcast - https://successfullyunemployed.co/podcast Show Links:  Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals