Sign in
Business
Kirby Atwell
We believe that a high quality rental property is the best investment a person can make. This podcast equips listeners to build a rental portfolio of their own. Each week host, Kirby Atwell, interviews someone who is living off rentals and identifies best practices, advice, and potential investing pitfalls to avoid!
#149 - How to get funding for your next BRRRR - Samir Patel
Samir Patel is joining us for this episode of Living Off Rentals! He is a military officer, investor, and Managing Partner at Trophy Point, a company dedicated to providing financial products for military-affiliated real estate operators. We hear a lot about conventional financing and not so much about investment-focused lending. Samir is here today to remedy that by discussing some of his company's products exclusively for military investors who want to build their portfolios. Catch the discussion in this episode. Key Takeaways: [01:00] Samir Patel and investor-focused loans. [03:58] Samir Patel’s start as an investor and his current work. [09:51] How Trophy Point determines LTV for a borrower. [13:13] Trophy Point and their speed of closing. [16:39] How Trophy Point evaluates investors. [20:05] Trophy Point’s usual rates and terms. [27:51] How Samir grew as an investor over the years. [32:48] Struggles experienced and lessons learned by Samir throughout his journey. [37:32] The long-term vision for Trophy Point. [40:47] How to connect with Samir and Trophy Point. [41:49] Closing Remarks Guest Resources: Samir’s Email - [email protected] Trophy Point Website - https://www.trophypointinvestment.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
43:1121/12/2022
#148 - "The Data Guy" and how to pick the best STR - John Bianchi
John Bianchi successfully made the best decision on his rental entrepreneurship based on the data and information. He accomplished this by clearly defining where to obtain the information required to make the best decision that would lead to his own success. In this episode of Living Off Rentals, he’s here to discuss the lessons he's learned, the experiences he's had, and the wisdom he's gained for us to learn from and adapt some of his wisdom as an aspiring rental entrepreneur. Key Takeaways: [02:11] Prior to becoming a rental entrepreneur, John discusses his background. [04:55] Listen to John’s discussion about the challenges he faced as a Canadian starting a short-term rental business in Chicago - the benefits and drawbacks! [06:35] Was it John's intention to sell the business to a larger company from the start, or did it happen by chance? [11:00] Take a look at how John valued his experience with the business he built and the steps he took until he was able to successfully sell it. [21:18] When it comes to data, John looked for patterns and trends to work with and track information that he could use to make a successful sale based on the scale. [31:24] John shares the factor and key piece of information that can be used to determine what a rental entrepreneur should anticipate to successfully sell a rental. [37:17] If you want a great review, you must strike a balance between the quality of the room's advertisements and the beauty of the room itself. [42:08] In his discussion of rental location trends, John explains how these trends impact his revenue. [48:37] When does John think the market has reached saturation? [54:55] John explains where he thinks the greatest opportunity will be based on the market's direction. Guest Resources: Website - https://reports.pointanalytics.co Gmail - [email protected] Show Resources: https://drive.google.com/file/d/114YWNpy-rG2szuAhCttZTWQujnAVe_bq/view?usp=share_link 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
01:02:0814/12/2022
#147 - How to take your business from chaos to clockwork - Hark Herold
In this episode, we’ve got Joe “Hark” Herold coming in as our guest. Hark is the Founder & CEO of Design Thinking Denver and the former COO of Bunker Labs. He is also a professional implementer of EOS (Entrepreneurial Operating System), a model that harmonizes all the elements of a business to align them into a single goal. Hark has been helping entrepreneurs who are military veterans and military spouses to start and scale their businesses. Inspired by the leadership and collaboration he saw during his 20+ years in the Air Force, he seeks to apply the structures that work in the military to businesses and help them succeed. Catch the discussion in this episode. Key Takeaways: [01:01] Hark Herold’s background. [06:23] How the EOS Model works. [10:00] The roles of visionary and integrator within the EOS model. [14:12] The six key components of a business and how the EOS model strengthens them. [17:01] The “Vision” component. [25:04] The “People” component. [28:39] The “Data” component. [29:52] The “Issues” component [32:52] The “Process” component. [34:10] The “Traction” component. [44:13] Organizations that will benefit from the EOS model. [46:12] Closing Remarks Guest Resources: Hark’s Email - [email protected] Victory Base Website - https://www.eosworldwide.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
49:5807/12/2022