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9.11.2001⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Never Forget. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀I was only 9 years old at the time. The only thing I remember...
09/11/2021

9.11.2001⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Never Forget. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I was only 9 years old at the time. The only thing I remember was my grandma calling my mom. She said she was on her balcony in NYC and was in shock of what she was seeing. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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"For the husband who told his wife 'I love you' one last time before his plane went down. For the wife who stopped in the stairs to call her husband to say 'I will love you forever'. For the mothers and fathers who kissed their kids goodbye the morning they died. For the policemen who rushed in with the firemen to help others only to die themselves. Today, tomorrow, ten years from now - we will remember 9/11.

Fourth tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Get your property deep cleaned!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Especially if you are comi...
09/10/2021

Fourth tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Get your property deep cleaned!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Especially if you are coming out of the high season. It is a great idea to go ahead and have the property deep cleaned. This will help keep the property in great shape and it is well worth the cost. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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There is nothing worse for a guest experience than walking into a property that isn't cleaned. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Deep cleans usually cost 2-3x that of a normal clean. But this is something I recommend doing. At a minimum of once a year, but my standards are twice a year. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Don't cheap out here!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

Third tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Reduce your minimum night stay requirement!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀You are going t...
09/09/2021

Third tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Reduce your minimum night stay requirement!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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You are going to be less and less likely to have long bookings during slow season. For that reason, it is beneficial to reduce your minimum night stay requirement. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Year round I usually have a 3 night min stay for my listings. During slow season I find it beneficial to reduce this to 2 nights. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This will help drive your listing to be more visible and you will have a higher chance to convert that visibility into bookings. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Again, don't let your pride get in the way here. A booked night is better than a night of no occupancy. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Get it straight! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

Second tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Lower your prices! ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Some money is better than $0. Don't ev...
09/08/2021

Second tip for slow season!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Lower your prices! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Some money is better than $0. Don't ever forget that. You don't want to go overboard with how much lower you have your prices, but also understand that something is better than nothing. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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It is a pretty simple concept but I am amazed at how many people don't do this. You can always drive some occupancy through lowering your prices during slow season. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Especially if you are within 7-10 days from the dates. I recommended dropping your prices.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Again. I can't reiterate this enough. Some money is better than no money. An night that wasn't booked at a nightly rate of $250 means $0 of income. A night booked at $150 is $150 worth of income. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Don't let your pride come into the way of dropping your prices. This is part of the business you are in!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

First tip for the slow season here we go!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Upgrade your property! ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Ever had those thoug...
09/07/2021

First tip for the slow season here we go!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Upgrade your property! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Ever had those thoughts and ideas on how you could upgrade your property for guests? What about changing out some light fixtures and or appliances? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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A large component of creating a great short term rental is creating an experience for guests. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This picture shows an upgrade I made to one of my cabins to make it even more unique! There was this random pad of gravel that had nothing on it. I asked myself how could I make this cabin even better for my guests? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The answer immediately came to me. Let's make a firepit area that has amazing views looking out over the Smoky Mountains! So that is exactly what I did. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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$2400 later I had an amazing fire pit area for guests to enjoy. I have had rave reviews from guests on this firepit. The firepit alone is a big attraction point for guests and you bet your butt I have it as one of my first pictures. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This creates that extra wow factor for guests!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

What scares most people about short term rentals?⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀The unknowns about occupancy rates throughout the cou...
09/06/2021

What scares most people about short term rentals?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The unknowns about occupancy rates throughout the course of the year. It is scary! Well....until it isn't. That is because you have to understand low seasons are part of the business of short term rentals. This is not the long term play where you make the same amount of money from rent month over month. Nor should it be. That is why the returns are so much higher!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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There are multiple things that are effective for you to do during the down season for your short term rentals. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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And this week I wanted to outline just a few of the things I have found can be good to do during down season. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This isn't a long term rentals. Short term rentals are entirely different. And that is a big reason why the cashflow you can expect from a good short term rental to be between 3-10x that of long term rentals.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So this week let's learn some strategies I would recommend doing during the slow season for your market.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

The beginning of "slow" season is looking pretty solid!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀A lot of longer bookings currently at each of m...
09/05/2021

The beginning of "slow" season is looking pretty solid!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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A lot of longer bookings currently at each of my properties. The longer the booking the "easier" it is on me usually. A few less guest interactions for new guests checking in and higher $$$ from less unoccupied days. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Hopefully the Karen isn't an actual Karen...lol. Sorry. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Happy Sunday! Go after your goals and dreams!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow to continue learning more about short term rentals!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Learn how short term rentals can become your investment vehicle for financial independence through my guide. Link in bio!

It isn't the first of the month, but it is payday!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Another beauty of short term rentals...every day can...
09/05/2021

It isn't the first of the month, but it is payday!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Another beauty of short term rentals...every day can be a payday! It doesn't just take the first of the month to come around!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This check in from yesterday will cover my entire mortgage of $2,100 for the month of September! Not too shabby for slow season. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Time to continue enjoying my Saturday and watching some college football after playing a nice round of 18 earlier this morning. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Woo Pig Soieeee⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Who is your college team?

Controversial opinion coming your way!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Rental arbitrage to do short term rentals IS NOT real estate inv...
09/03/2021

Controversial opinion coming your way!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Rental arbitrage to do short term rentals IS NOT real estate investing. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What is rental arbitrage? This is the classic get rich quick scheme the "gurus" are out there teaching people how to do telling them they can easily make $2-5k a month. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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In the most simplistic terms, rental arbitrage is where you lease a unit long term from a landlord and in the rental contract you have a clause stating that you are allowed to sublease the property. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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This means you would have the ability to then go ahead and rent the unit out as a short term rental. So you are essentially paying long term rent to have the ability to turn around and make a buck through short term renting the unit out. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Why do I believe this is not real estate investing? Because you aren't owning any real estate property. You are simply investing in a business if you go down the rental arbitrage route. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I get why people do rental arbitrage. Usually it stems from someone not having enough money to put down on a short term rental property. Here are the downsides I think there are to rental arbitrage. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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First, you don't own anything. With that you are losing out on many of the tax advantages of owning real estate. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Second, you are dependent on a landlord to continue allowing you to sublease the property. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Third, you have to pay to furnish the entire unit. What happens when the landlord doesn't want to renew the lease and now you are stuck with the furniture? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I wish I could post more reasons I am not a fan, but I only have so much space in this post. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Some of the largest rental arbitrage players lost their shirt last year because they were way overleveraged. Be careful. Understand what you are getting yourself into if you want to do this. I do not advise.

If you are an Airbnb host, READ THIS!!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Don't forget to check your payouts from Airbnb to ensure there i...
09/02/2021

If you are an Airbnb host, READ THIS!!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Don't forget to check your payouts from Airbnb to ensure there isn't any funny business going on!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Yesterday I was checking my payment email and noticed that for some reason Airbnb had randomly taken it upon themselves to withhold taxes for my income!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I had never seen this before and I immediately called Airbnb to figure out what was going on. Little did I know Airbnb decided to take it upon themselves without notifying me that they were going to start withholding 24% for personal income taxes until I updated my personal information through my payout page. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I called asking them why they decided to take this upon themselves when I had never been notified that anything was needed from my side from them. They then notified me that there was new information they added to the payout page that they needed me to provide before they would release these payments. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I told Airbnb I handle taxes through my personal CPA and at that point they said they would release the payments moving forward. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you are an Airbnb host CHECK ALL YOUR MOST RECENT PAYOUT EMAILS!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If Airbnb is taking this money from you as well go to ⠀⠀⠀⠀⠀⠀⠀⠀⠀
Account --> Payments --> Payouts --> Scroll to the bottom and add your Taxpayer Information⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Happy hosting!

It is September 1st, and you know what that means!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Rent is due!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀I talk mostly about my...
09/01/2021

It is September 1st, and you know what that means!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Rent is due!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I talk mostly about my short term rental portfolio, but I do also have two long term rentals. They are actually in my triplex I purchased in March of 2020 right before that stuff happened. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I rent out the front 2/1 unit long term at $1,660 per month and I rent out the downstairs 1/1 unit to a nurse for $1,500 per month. That is right. $3,160 total per month. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Best thing? My mortgage is $2,200 per month. That is the power of house hacking. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Imagine being paid $960 to live in your own home? That is powerful. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
Want to learn more ways to become financially independent through real estate investing and saving in the expenses that actually make a difference?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow for more content to learn how to do so!

Last night for 20% off the guide!⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Everything I have put into this guide has enabled me to become financ...
09/01/2021

Last night for 20% off the guide!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Everything I have put into this guide has enabled me to become financially free at the age of 29. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I still choose to work my W2 in order to qualify for more loans, but I could quit tomorrow if I wanted to from the 5 short term rentals I have. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Take advantage of the last night of the 20% off deal!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Use code: AUGUST⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Enjoy!

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