Show notes
In this episode, Joe Riley of Patriot Family Homes joins Kevin and special guest Co-Host Chris Lockwood to break down how he turned a simple house hack into a MASSIVE nationwide short-term rental business. We talk pros, cons, and everything in between in this one. If you're thinking about getting into the short-term rental game or already have a few STRs working for you, you definitely won't want to miss this one.
"Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."
Here are 5 Key Takeaways from this episode:
- Figure out how to turn everyday things into cash-flowing assets
- If you have an STR, don't sell yourself short to achieve 100% occupancy
- Use software like PriceLabs to help adjust and track your pricing models
- Buy, Manage, and Arbitrage - the 3 ways to get started in STRs
- STRs offer much more flexibility than traditional rental units (and cash flow more too)!
Honorable Mentions & Useful Links
Connect with Joe:
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Helpful Resources
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