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In The Lab with Ruben Kanya compiles over $2 Billion worth of successful real estate experiments for new investors looking to get started in real estate. With real estate being a broad umbrella, in the lab we introduce you to a variety of real estate models (experiments) that real practitioners have implemented while sharing their wins, losses and lessons in the lab so that you can pick the experiments that suit your lifestyle the most and double down. In the lab we focus on repeatable processes, systems and ingredients so that you can implement your own experiments and build.
- 310 - Stealing Excellence: How to Borrow Success Strategies for Your Real Estate Goals with Ruben Kanya - Episode #307
Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this empowering episode of The Real Estate Experiment, Ruben Kanya encourages listeners to become "thieves"—but not in the way you think. He introduces the concept of becoming a "thief of excellence," explaining how to emulate and borrow success strategies from mentors, coaches, and leaders in your desired field. Ruben emphasizes the importance of proximity—learning directly from those who are actively doing what you aspire to do—and how this can fast-track your journey to achieving your goals.
Ruben dives into the idea of adopting proven systems rather than reinventing the wheel. By finding mentors who align with your goals and modeling their blueprints, you can not only save time but also avoid costly mistakes. He provides actionable insights on how to identify the right mentor, borrow their belief systems, and apply their strategies while still remaining authentic to your unique self.
This episode also explores the power of community, guidance, and accountability in your success journey. Ruben breaks down the value of masterminds, why learning from others' experiences is invaluable, and how leveraging tested systems can accelerate your results. Whether you're in real estate investing,
entrepreneurship, or personal growth, this episode serves as a reminder that success leaves clues—and it's your job to follow them.
Tune in now to learn how to become a thief of excellence and apply proven strategies to your own experiments in the lab!
#RealEstateSuccess #MentorshipMatters #SuccessBlueprint #ThiefOfExcellence #EntrepreneurMindset
Mon, 02 Dec 2024 - 24min - 309 - Price It Right: Strategic Fees for Mid-Term Rentals with Ruben Kanya - Episode #306
Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
In this insightful episode of The Real Estate Experiment, Ruben Kanya dives deep into the world of strategic fee structures for mid-term rentals. Addressing a key challenge faced by operators, Ruben explains how to create a well-balanced pricing strategy that maximizes profitability while maintaining tenant satisfaction. By emphasizing the importance of breaking down fees into clear, justifiable line items, Ruben shares how you can align your pricing to meet the expectations of insurance companies, relocation specialists, and tenants alike.
Ruben walks listeners through crucial topics such as the distinction between refundable and non-refundable fees, the necessity of utility caps, and the importance of monthly cleaning fees for maintaining property conditions. With actionable insights on how to include pet rent, admin fees, and move-out fees, he lays out a comprehensive roadmap for operators to safeguard their investments while providing premium service. This episode also highlights the power of playing both "offense" and "defense" in the mid-term rental space by proactively anticipating potential risks and crafting solid proposals.
Listeners will gain valuable insights on how to navigate the mid-term rental insurance niche, effectively communicate with insurance adjusters, and create proposals that secure top-dollar contracts. Ruben’s experience and expertise shine through as he outlines strategies to ensure steady cash flow, protect against damage, and maintain tenant accountability—all while maintaining high occupancy rates.
Tune in now to learn how to fine-tune your mid-term rental pricing, optimize your profitability, and secure lucrative insurance contracts!
#MidTermRentals #RentalPricingStrategy #RealEstateInvesting #InsuranceContracts #ProfitOptimization
Mon, 25 Nov 2024 - 19min - 308 - Maximizing Momentum for Q4 Success with Ruben Kanya - Episode #305
Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this motivational episode of "The Real Estate Experiment," Ruben Kanya dives deep into the importance of building momentum and making strategic decisions to maximize the remaining weeks of the year. With Q4 in full swing, Ruben emphasizes the value of staying focused, setting actionable goals, and taking advantage of end-of-year opportunities to gain an edge in 2025. Drawing inspiration from his own experiences and success strategies, he highlights why now is the time to double down while others ease up.
Ruben explores critical topics, including the power of decision-making, how to maintain confidence through understanding, and how to leverage community and mentorship for accelerated growth. He also introduces practical approaches like "momentum-based tasking" to help you achieve quick wins and stay on track with your larger objectives. By shifting your mindset and adopting key strategies, you can close the year strong and set the foundation for a thriving year ahead.
Listeners will gain insights on how to balance preparation, execute faster decisions, and establish systems that create long-term success. Ruben’s powerful reminders to stay proactive, embrace calculated risks, and invest in continuous learning make this episode a must-listen for any goal-oriented entrepreneur or investor.
Tune in now to make Q4 your most productive quarter yet and carry that momentum into the new year!
#DecisionMaking #GoalSetting #RealEstateStrategy #MomentumMindset #Q4Momentum
Mon, 18 Nov 2024 - 23min - 307 - Three Layers of Defence for Mid-Term Rentals with Ruben Kanya - Episode #304
Want to work with me and learn the power of Mid-Term Rentals Insurance? https://experimentrealestate.com/submit Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint In this insightful episode of "The Real Estate Experiment," Ruben Kanya takes listeners into the lab to break down the critical strategies for protecting midterm rental assets. Recognizing the distinct needs of tenants in this niche—particularly those placed by insurance companies—Ruben explains why traditional long-term rental practices might not suffice. With his expert guidance, you’ll learn how to ensure your properties are well-protected while maximizing profitability.
Ruben covers three essential layers of defense, from choosing the right insurance coverage to incorporating monthly cleaning fees and security deposits in your contracts. Each layer is designed to minimize risk and maintain the property’s value, especially when working with displaced policyholders and relocation companies. Ruben emphasizes the importance of proactive management, sharing how these strategies can prevent costly damages and ensure a smooth, profitable operation.
Listeners will also discover bonus tips for managing tenant relationships, handling security deposits, and setting up a cleaning schedule to monitor the property condition. Ruben’s hands-on approach, coupled with his detailed insights, makes this episode a must-listen for property investors looking to secure their investments in the midterm rental space.
Tune in now to learn how to effectively safeguard your rental properties and create a worry-free, profitable experience for both you and your tenants!
#MidtermRentals #RentalProtection #RealEstateStrategy #TenantManagement #AssetProtection
Wed, 13 Nov 2024 - 23min - 306 - Active vs. Passive Real Estate Investing with K. Trevor Thompson - Episode #303
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab. Today, we're thrilled to have K. Trevor Thompson, a seasoned real estate investor with extensive experience across 31 syndications—20 as a Limited Partner and 11 as a General Partner/Sponsor. Trevor’s journey began with a passion for real estate investing and a goal to help 1,000 people reach financial independence. Now serving as the VP of Investor Engagement at Massive Capital, Trevor is dedicated to creating a supportive community for investors, focusing on education, growth, and success.
In this insightful episode, K. Trevor Thompson unpacks his journey into real estate investing, where he began as a passive investor before moving to active roles in syndications. Trevor shares his path to financial freedom, offering advice on navigating the world of multifamily syndications, managing risk, and understanding passive versus active income. He emphasizes the importance of clear investment criteria, diligent education, and diversifying across asset classes to build a resilient portfolio. Trevor’s analogies, such as the “jockey, horse, and track,” illustrate his strategic approach to choosing partners and properties, while his breakdown of key investment metrics simplifies complex financial concepts. Trevor outlines the practical differences as an active investor vs passive investor through real estate, from selecting the right who running your deals to understanding the dynamics of syndications. Whether you’re a seasoned investor or new to the game, this episode offers valuable insights to help you make informed decisions on which kind of investing is right for you…active or true passive investing through a syndication.
HIGHLIGHTS OF THE EPISODE:
26:55 Trevor compares single-family homes vs multi family syndications
44:03 Trevor talks about diversification in real estate investing
KEEPING IT REAL:
05:48 - Obsession with multifamily investments
09:15 - Criteria for choosing deals (who, what, where)
14:25 - Goal to help 1,000 people achieve financial independence
22:58 - Passive investing and compounding returns
25:41 - Single-family homes vs multi family syndications
35:01 - Passive income from syndications vs active management
41:07 - From limited partner (LP) to general partner (GP)
47:25 - Benefits of diversification in real estate investments
50:00 - The jockey, the horse, and the track
55:35 - Realism in business plans and market analysis
1:00:02 - Importance of local knowledge in property management
1:01:45 - Who to invest with and the value of relationships
1:06:51 - We are OUT!!!
CONNECT WITH THE GUEST
Linkedin: https://www.linkedin.com/in/ktrevorthompson/
Instagram: https://www.instagram.com/ktrevorthompson/
Linktree: https://linktr.ee/ktrevorthompson
Youtube: https://www.youtube.com/c/KTrevorThompson
Facebook: https://www.facebook.com/groups/657067628737551
#FinancialFreedom #PassiveInvesting #RealEstateSyndication #InvestorEducation #WealthBuilding
Wed, 06 Nov 2024 - 1h 09min - 305 - Be. Do. Have. with In The Lab with Ruben Kanya - Episode #302
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Welcome to the Lab! Today, Ruben Kanya dives solo into powerful strategies, sharing insights on mid-term rentals, critical mindset shifts, and the importance of career transformation. With over 300 episodes under his belt, Ruben breaks down his own journey, his latest takeaways from the Midterm Rental Wealth Conference, and his core philosophies for navigating today’s real estate market.
This episode unpacks Ruben's personal “Be-Do-Have” framework, where he emphasizes the importance of embodying the traits of a successful investor before taking action. Through his experiences and real-life case studies, Ruben discusses the essential elements of mindset, discipline, and decision-making. The episode also sheds light on the growing demand for mid-term rental insurance opportunities, a niche approach yielding consistent occupancy and high returns.
If you’re looking to leverage technology and strategic thinking to enhance your real estate investments and personal growth, this episode will provide actionable insights. Tune in now to hear Ruben's candid reflections and expert tips for those looking to succeed in real estate and beyond.
HIGHLIGHTS OF THE EPISODE:
05:51Ruben talks about duplicating excellence and success
11:11Ruben talks about real transformation and what it takes to achieve it
KEEPING IT REAL:
00:01 - New show branding and episode milestone
01:45 - Midterm Rental Wealth Conference Recap
02:40 - Opening with mindset: The “Be-Do-Have” philosophy
04:10 - Modeling success and borrowing belief systems
10:50 - The transformation process: Awareness, Intention, Decision, Discipline
31:30 - Analyzing deals effectively and using Ruben’s buy box criteria
40:15 - The role of mentorship and making transformative decisions
44:47 - We are OUT!!!
#RealEstateInvesting #PropertyTech #WealthBuilding #FinancialFreedom
Tue, 29 Oct 2024 - 48min - 304 - 300 Experiments with Ruben Kanya: Lessons in Real Estate, Tech, and Entrepreneurship - Episode #301
Welcome to the lab! In this milestone 300th episode of "The Real Estate Experiment," host Ruben Kanya reflects on his incredible journey through 300 experiments spanning real estate, tech, and entrepreneurship. Ruben shares how his background as a student athlete and personal trainer instilled the discipline, perseverance, and leadership qualities that laid the foundation for his success in business.
Listeners will dive deep into how Ruben’s early house-hacking days as a college Residential Assistant transitioned into a thriving real estate career. He unpacks the lessons learned from e-commerce ventures, mastering mid-term rentals by leveraging key relationships with relocation specialists, and the paradigm shifts that changed his approach to entrepreneurship. The episode covers not only practical advice but also the importance of mindset, personal storytelling, and embracing failure as part of the experimentation process.
With humility and grit, Ruben illustrates how every experiment—whether successful or not—served as a stepping stone in his journey. He emphasizes how crucial it is to stay the course, learn from every stage, and continually evolve in both business and life.
Whether you're new to real estate, scaling your ventures, or looking for inspiration to level up your entrepreneurial journey, this episode is packed with actionable strategies, mindset shifts, and powerful takeaways. Tune in to discover how 300 experiments have led Ruben to build a thriving real estate empire while embracing the importance of continuous learning and resilience.
#MidTermRentals #RealEstateInvesting #Entrepreneurship #GrowthMindset #Leadership #PersonalGrowth #MilestonesAndReflection
Mon, 21 Oct 2024 - 1h 14min - 303 - Mastering Long-Distance Real Estate with Ruben & Celine: The Insurance Niche Unveiled - Episode #300
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/str Welcome to the lab! In this episode we highlight a very special milestone of launching Episode 300 in the lab, and we’re thrilled to have an incredibly special guest in the spotlight—none other than Ruben’s wife and business partner, Celine Hacobian-Kanya, the co-founder and COO of Invested Escapes and co-founder of CelSev Events. Together, they’ve embarked on an extraordinary journey that spans real estate investments, short-term rental experiments to mid-term rental experiments with a niche in insurance housing. Together they unfold where it all started from having helped hundreds of families to corporate partners in the insurance niche — of which they both make very clear why they find this to be their favorite niche and experiment to date.
As we celebrate the 300th episode in the lab today, Celine takes center stage to share how her open mindedness, ability to take risk and background in journalism, management and her time at ABC News shaped her unique approach to hospitality and operations. Together, they dive deep into the heart of creative acquisitions, long distance investing and the world of mid-term rentals with their shared commitment to communication, comfort, and customer service.
If you’re ready to learn how to leverage partnerships, staying true to core values, and build a successful temporary housing business, this episode is packed with the insights you need.
Tune in now to learn how Celine’s incredible attention to detail and leadership behind the scenes have shaped the success of their combined real estate experiments!
Want to work with me and learn the power of mid-term rentals insurance?: https://experimentrealestate.com/submit
HIGHLIGHTS OF THE EPISODE:
20:35 Celine talks about transitioning from short term to mid-term rentals
24:55 Celine talks about dealing with unexpected challenges.
KEEPING IT REAL:
05:30 - Buying properties out of state and sight unseen
12:45 - Creative financing strategies for real estate acquisition
19:40 - The transition from short-term rentals to mid-term rentals
25:00 - Managing unexpected challenges in Airbnb
32:20 - Working with insurance companies and handling displaced families
44:40 - Building a strong partnership in business and balancing work-life dynamics
53:15 - Transition from corporate to full-time business and the impact on growth
59:30 - The future vision for Invested Escapes and big goals for the business
01:05:29 - We are OUT!!!
CONNECT WITH THE GUEST
Website: https://investedescapes.com/
#MidTermRentals #Partnerships #CreativeFinancing #Airbnb #RealEstateInvesting
Mon, 07 Oct 2024 - 1h 08min - 302 - Building Key Relationships with Relocation Specialists for Mid-Term Rental Success - Episode #299
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr In this insightful episode of "The Real Estate Experiment," host Ruben Kanya reveals the strategies behind mastering the mid-term rental market by building strong relationships with insurance companies and relocation specialists. Ruben shares his experience of stepping into the shoes of a relocation specialist for a week, uncovering the common pain points in the industry and demonstrating how mid-term rental operators can address them to secure high-value contracts.
Listeners will learn how to increase profitability by addressing the specific needs of relocation specialists, ensuring flexibility in their properties, and fostering long-lasting relationships. Ruben explains how operators can maximize their occupancy rates, leverage corporate leases, and achieve lucrative returns — with contracts sometimes extending for months and yielding 4 to 5 times the typical long-term rental income.
Whether you're new to mid-term rentals or looking to fine-tune your process, this episode is packed with actionable advice and proven strategies to elevate your business. Tune in now to discover how you can maximize your profitability, maintain high occupancy, and leverage insurance and relocation contracts in the mid-term rental space.
#MidTermRentals #RealEstateInvesting #RentalStrategies #InsuranceRentals #RelocationContracts
Wed, 25 Sep 2024 - 34min - 301 - Mastering Flexibility, Freedom, and Forecasting in Mid-Term Rentals with Ruben Kanya - Episode #298
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr In this focused episode of "The Real Estate Experiment," host Ruben Kanya dives deep into the mid-term rental space, sharing insights on how to leverage three essential elements for success: flexibility, freedom, and forecasting. Ruben explains the intricate details behind the mid-term rental insurance niche, a lucrative sub-niche that offers incredible returns with minimal turnover. Listeners will learn how this niche can yield 4X the returns compared to traditional long-term rentals and ensure steady cash flow and occupancy rates.
Ruben also shares his unique blueprint for working with insurance companies and relocation specialists, highlighting how you can strategically position your properties for success. Whether you’re just entering the mid-term rental space or are looking to refine your process, this episode provides actionable strategies and proven systems to help you scale your rental portfolio while maintaining freedom and flexibility.
Tune in now to learn how to forecast effectively, maximize your profits, and create a scalable rental business with the right tools and team in place.
#MidTermRentals #RealEstateInvesting #RentalStrategies #InsuranceRentals
Mon, 16 Sep 2024 - 20min - 300 - Leveraging AI for Real Estate Growth and Work-Life Balance with Vanessa Alfaro - Episode #297
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr
Welcome to the lab! Today, we’re joined by Vanessa Alfaro, Founder of Venus Capital Partners and LunaX.AI, and a multifamily syndicator profiled as one of the top ten real estate success stories of 2022. Vanessa’s entrepreneurial journey, spanning multiple industries and countries, is filled with innovation, marketing brilliance, and the ability to scale businesses to seven figures. She brings her passion for real estate and technology together, sharing valuable insights on capital raising, AI in real estate, and scaling multifamily investments. In this episode, Vanessa shares her journey from building five seven-figure companies to transitioning into real estate investing. She dives into how she leverages technology like AI in real estate, her experiences as a multifamily investor, and her personal growth balancing family and business. Vanessa also reveals strategies for using AI in capital raising, managing investor relationships, and leveraging psychology in sales for syndications. Tune in now to learn how AI can transform your real estate business or gain valuable insights into scaling through innovation, this episode is a must-listen! HIGHLIGHTS OF THE EPISODE: 17:59 - Vanessa talks about the role of marketing and innovation in a business 43:36 - Vanessa talks about leveraging AI to get our time back. KEEPING IT REAL: 06:00 – Running 15 multifamily properties like individual businesses 12:10 – Vanessa’s incredible story of starting her real estate career while managing family life 26:00 – Transitioning from marketing to real estate: Creating multifamily projects 35:55 – Leveraging AI in real estate for capital raising and investor relations 40:05 – How AI is changing the landscape for investor communications 51:00 – The importance of using AI strategically in business decisions 57:20 – Leveraging AI for efficient time management and automating business processes 1:06:15 – Vanessa’s approach to work-life balance and making an impact through business 1:10:46 – We are OUT!!! CONNECT WITH THE GUEST Website: https://www.venuspartners.com/ https://lunax.ai/ Linkedin: https://www.linkedin.com/in/vanessagalfaro/ Instagram: https://www.instagram.com/venus.capital/ Facebook: https://www.facebook.com/VenusCapitalPartners/ Linktree: https://linktr.ee/venuspartners #AIinRealEstate #RealEstateInvesting #MultifamilySyndication #EntrepreneurMindset
Mon, 09 Sep 2024 - 1h 14min - 299 - Six Steps to Accelerate Mid-Term Rental Success with Ruben Kanya - Episode #296
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr
In this impactful episode of "The Real Estate Experiment," host Ruben Kanya delivers a powerful framework designed to help you accelerate success in the mid-term rental space and beyond. Ruben emphasizes the importance of mindset, gratitude, and belief in achieving your goals. He shares a six-step mental framework that can be applied to your real estate ventures, personal goals, or any other aspirations you have. Ruben's insights are backed by real-life examples and proven strategies, making this episode a must-listen for anyone serious about achieving success. Listeners will also get valuable information on optimizing mid-term rental strategies, particularly the lucrative niche of mid-term rental insurance. Ruben explains how to build relationships with relocation specialists and insurance companies, manage your listings effectively, and maximize profitability. Whether you're just starting or looking to refine your approach, this episode offers the tools and mindset you need to thrive in the competitive real estate market. Tune in now to elevate your real estate business and get closer to your success goals!
#MidTermRentals #RealEstateSuccess #MindsetMatters #RentalStrategies
Mon, 02 Sep 2024 - 29min - 298 - Tech-Driven Turnkey Investing with Andrew Kim - Episode #295
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr Welcome to the lab! Today, we're joined by Andrew Kim, CEO & Co-Founder of SHARE, a pioneering property tech rental real estate investment company. Andrew’s journey from a tech entrepreneur to a leader in the real estate sector is filled with valuable lessons and insights that are crucial for anyone interested in real estate investing, especially in today’s dynamic market.
In this episode, Andrew shares his incredible story of transitioning from tech to real estate, starting with his early days in Toronto,VC back ventures in Silicon Valley to co-founding SHARE in 2021. He dives into the challenges of managing rental properties, the importance of leveraging technology in real estate, and how SHARE is revolutionizing the market by providing individual investors with access to institutional-grade resources.
Andrew also discusses his personal investment strategies, including his experiences in different markets like Florida and Upstate New York, and how these have shaped his approach to building wealth through real estate. He further elaborates on SHARE’s innovative model, which allows investors to source and manage high-return properties seamlessly, and the future of real estate tech in a rapidly evolving industry.
If you're eager to learn how technology can amplify your real estate investments and gain access to exclusive opportunities, this episode is a must-listen. Andrew’s insights into strategic investing, market trends, and the future of real estate technology offer a roadmap for anyone looking to succeed in the property investment space.
HIGHLIGHTS OF THE EPISODE:
28:51 Andrew talks about unlocking problems in a business
29:37 Andrew talks about his criteria for analyzing business potential and the role of tech in its success.
KEEPING IT REAL:
05:57 - The journey from tech startup to real estate investor
13:00 - Founding SHARE: The vision and initial challenges
17:50 - Real estate investment strategies: Florida and Upstate New York
24:00 - Leveraging technology in real estate investing
29:50 - How SHARE is democratizing access to institutional-grade investments
35:30 - The future of real estate tech and strategic growth
40:00 - Advice for new investors and the power of partnerships
47:20 - Final thoughts and what's next for SHARE
1:00:50 - We are OUT!
CONNECTING WITH THE GUEST
Website: https://sharesfr.com/
Linkedin: https://www.linkedin.com/in/andrewkim83/?originalSubdomain=ca
#RealEstateInvesting #PropertyTech #WealthBuilding #FinancialFreedom
Tue, 27 Aug 2024 - 1h 04min - 297 - Targeting Your Ideal Avatar in Mid-Term Rentals with Ruben Kanya - Episode #294
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr In this focused episode of "The Real Estate Experiment," host Ruben Kanya delves deep into the lucrative world of mid-term rentals, with a special emphasis on how understanding and targeting your ideal avatar—your perfect tenant—can significantly boost your success. Ruben shares valuable strategies for optimizing your rental properties to cater to specific needs, ultimately leading to higher occupancy and profitability.
Listeners will discover the critical importance of market research, learning how to position their properties to attract high-value tenants. Ruben also explores the powerful niche of mid-term rental insurance contracts, explaining how they can be a game-changer for property managers and owners. With real-life examples and actionable insights, this episode is packed with practical advice for anyone looking to dominate the mid-term rental market.
Whether you're just starting in the mid-term rental space or looking to refine your approach, this episode offers a clear blueprint to help you achieve greater success by focusing on who you're serving and how to meet their needs effectively. Tune in now to elevate your rental business and maximize your income potential.
#MidTermRentals #RealEstateInvesting #TargetMarket #RentalStrategies
Mon, 19 Aug 2024 - 32min - 296 - Mid-Term Rental Omnipresence: The Key to Unlocking Profitable Contracts with Ruben Kanya - Episode #293
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr In this insightful episode of "The Real Estate Experiment," your host Ruben Kanya delves deep into the lucrative world of mid-term rentals, with a special focus on how to capitalize on the growing demand for temporary housing. Ruben shares a recent real-life inquiry as a case study, revealing the critical strategies and tips that can help you land high-value contracts in this niche market.
Listeners will discover the power of optimizing their properties for mid-term rentals, particularly in catering to families displaced due to unforeseen events like water damage. Ruben emphasizes the importance of positioning your listings across various platforms, being pet-friendly, and offering flexible stays to attract insurance-covered tenants. He also highlights the benefits of managing larger properties and how this can significantly increase your revenue potential. By the end of this episode, you’ll have a clear blueprint for optimizing your rental business to serve a critical need in the marketplace while maximizing profitability.
Don’t miss this opportunity to gain invaluable insights and elevate your real estate strategy. Tune in now and learn how you can transform your rental business with mid-term rentals!
#MidtermRentalInsurance #RealEstateInvesting #TemporaryHousing #PropertyManagement
Tue, 13 Aug 2024 - 40min - 295 - Maximizing Rental Profits with the Hybrid STR & MTR Strategy with Ruben Kanya Episode #292
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr
In this insightful episode of "The Real Estate Experiment," host Ruben Kanya returns to the lab with a fresh perspective on balancing life's pleasures with smart investment strategies. Drawing inspiration from Bill Perkins' book, Die With Zero, Ruben introduces the concept of "Memory Dividends" and explores how optimizing for memorable experiences can enhance both personal fulfillment and professional success.
Ruben emphasizes the importance of aligning one's career with investment goals, highlighting how strategic alignment can yield remarkable results. He delves into the benefits of catering to both short-term and midterm rental markets, providing a comprehensive guide on maximizing profits by understanding and serving different guest avatars. By selecting properties that meet both short-term rental amenities and midterm rental functionalities, investors can ensure continuous occupancy and profitability.
Listeners will gain valuable insights into the dual strategy of combining short-term rental experiences with midterm rental stability. Ruben shares personal anecdotes from his recent travels and investment ventures, illustrating how a balanced approach can lead to greater satisfaction and financial success. He also discusses the significance of choosing the right properties and optimizing for both functionality and experience to attract diverse tenant profiles.
Tune in to this episode to learn how you can create lasting memories while strategically growing your real estate portfolio. By embracing the concept of "Memory Dividends" and aligning your career with your investments, you'll be better equipped to achieve your goals and enjoy the journey. This episode is a must-listen for anyone looking to enhance their quality of life and investment outcomes simultaneously.
#MemoryDividends #InvestmentStrategy #CareerAlignment #RealEstateInvesting
Tue, 06 Aug 2024 - 38min - 294 - Mid-Term Rentals: Marketing by Day, Investing by Night with Katie Lyon - Episode #291
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr
Welcome to the lab! Today, we are thrilled to bring back Katie Lyon, Co-Host of The Landlord Diaries Podcast, Marketing Director of Furnished Finder & KeyCheck and mid-term rental investor. Katie has spent over a decade navigating the real estate and marketing industries, striving to solve the challenges of balancing work, life, and investment opportunities.
In her journey, Katie identified a common problem faced by many landlords: the high turnover and demanding management of short-term rentals. Seeking a solution, she delved into the world of mid-term rentals, discovering a niche that not only provided a more manageable and stable tenant base but also aligned perfectly with her career having both a background in marketing and real estate.
In this episode, Katie shares her experiences and strategies, from managing properties in diverse locations like Florida, Iowa, and Colorado, to optimizing rental income through innovative marketing principles at work.. She discusses the advantages of the mid-term rental strategy, the importance of creating a seamless integration between career and personal interests, being both vertically aligned and how these experiences have shaped her approach to real estate investing.
Join us as Katie offers valuable advice on how she invests her time in as the Marketing Director of Furnished Finder & Keycheck and as a, Co-host The Landlord Diaries Podcast and how she invests in mid-term rentals as an investor. She shares how overcoming common hurdles, building a strong investment portfolio, and fostering a supportive community in the real estate space. Whether you're new to investing or looking to refine your strategies, this episode is packed with insights to help you embark in your mid-term rental journey.
Tune in now to learn how to tackle the challenges of midterm rental management, harness the power of strategic marketing, and build a legacy in real estate with Katie Lyon. Don't miss this enlightening conversation!
HIGHLIGHTS OF THE EPISODE:
11:42 - Katie defines what a midterm rental is
24:30 - Katie talks about leveraging marketing for real estate investing
KEEPING IT REAL:
04:00 - Katie's background in marketing and real estate
09:57 - The advantages of midterm rentals over short-term rentals
15:05 - Family involvement in real estate and creating a legacy
20:00 - The role of marketing in real estate investing
24:35 - Aligning career with personal interests and passions
30:10 - Building a successful rental portfolio and lessons learned
36:25 - Advice for new investors and overcoming limiting beliefs
42:15 - The importance of community and collaboration in real estate
47:30 - Future plans and growth in the real estate space
1:05:58 - We are OUT!!!
CONNECTING WITH THE GUEST
Website: https://www.furnishedfinder.com/
Linkedin: https://www.linkedin.com/in/katie-lyon8/
Instagram: https://www.instagram.com/mskatielyon/?hl=en
Youtube: https://www.youtube.com/@thelandlorddiaries
#MidtermRentals #PropertyManagement #MarketingStrategies #RealEstateInvesting
Mon, 29 Jul 2024 - 1h 09min - 293 - Leveraging Cost Segregation for Tax Savings Case Study Pt.II with Terry Judge - Episode #290
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr Welcome to the lab, and today, we bring back Terry Judge, CEO of CORE, for a deep dive cost segregation case study on our own properties. In this enlightening episode a follow up from episode #286 where Terry discussed the maximizing tax benefits from cost segregation, in this follow up episode, Terry peels back the curtains on the benefits that cost segregation can have on an investor like you by using our properties as real time case study. This cost segregation case study alone in our situation gave us a $50,000+ check from the IRS which we will be able to utilize for another investment. From understanding the basics to diving into detailed strategies, Terry explains how cost segregation can supercharge depreciation and provide substantial tax savings for YOU.
Terry discusses the importance of timing and the different categories of property for depreciation. He also covers the benefits of doing a cost segregation study and how it impacts both short-term and long-term rental properties. Terry provides real-life examples, including a case study of properties owned by the host, to illustrate the powerful financial impact of cost segregation.
Whether you're a seasoned investor or just starting out, this episode provides invaluable insights into optimizing your real estate investments through strategic tax planning. Join us as Terry Judge breaks down the complexities of cost segregation and reveals in this case study how you can maximize your tax benefits.
HIGHLIGHTS OF THE EPISODE:
07:29 - Terry talks about cost segregation benefits.
18:59 - Terry talks about why you need a cost segregation study
KEEPING IT REAL:
04:00 - Importance of timing in cost segregation
06:00 - Different property categories for depreciation
08:15 - Real-life examples of cost segregation benefits
10:00 - How cost segregation impacts short-term rentals
12:30 - Detailed case study of short-term rental properties
15:00 - Importance of strategic implementation
18:45 - Benefits of doing a cost segregation study
21:00 - Financial impact on long-term rental properties
23:15 - Key takeaways and practical advice
25:00 - How to get started with cost segregation
27:00 - Wrapping up and connecting with Terry Judge
CONNECTING WITH THE GUEST
Website: https://coresolutionsgroup.net/
Linkedin: https://www.linkedin.com/in/coresolutionsgroup/
Instagram: https://www.instagram.com/terry_judge/?hl=en
Email: terryjudge@coreadvisors.net
#CostSegregation #TaxBenefits #RealEstateInvesting #DepreciationStrategies
Mon, 22 Jul 2024 - 29min - 292 - The Power of Depth and Strategic Relationships with Jason Hull - Episode #289
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab, and today, we step in with Jason Hull, CEO and Founder of DoorGrow. In this enlightening episode, Jason shares his journey and strategies for scaling property management businesses. From starting with zero doors to managing 105 units in just six months, Jason emphasizes the importance of depth over breadth in business relationships.
Jason delves into the concept of "depth" in client interactions and explains how personal connections can significantly impact business growth. He shares practical strategies, such as the Neighbor Strategy, to leverage local relationships and increase client acquisition. Jason also discusses the challenges and opportunities in property management, offering insights into effective pricing models, branding, and the critical role of purpose in business.
Whether you're a seasoned property manager or just starting out, this episode provides invaluable insights into building and scaling a successful property management business. Join us as Jason Hull shares his expertise on creating meaningful connections, optimizing business processes, and achieving sustainable growth. Tune in now!
HIGHLIGHTS OF THE EPISODE:
11:25Jason talks about his definition of a business
36:05Jason talks about being motivated by purpose instead of money
KEEPING IT REAL:
06:50 - The importance of understanding client needs
10:00 - Common misconceptions in property management
12:00 - The process myth for businesses over 200 units
18:30 - The importance of a well-structured website
20:20 - The benefits of a three-tier hybrid pricing model
25:00 - Overcoming operational challenges in property management
30:00 - Crafting the ultimate sales pitch
34:00- Leveraging local relationships with the Neighbor Strategy
38:50 - Building trust and safety with real estate agents
45:00 - The five levels of exit for entrepreneurs
52:00 - The challenge of maintenance in property management
1:00:00 - The impact of AI on property management
1:07:00 - Importance of focusing on the next right move
1:20:26- We are OUT!
CONNECTING WITH THE GUEST
Website: https://doorgrow.com/
Linkedin: https://www.linkedin.com/in/kingjasonhull/
Instagram: https://www.instagram.com/kingjasonhull/?hl=en
Facebook: https://www.facebook.com/kingjasonhull/
Youtube: https://www.youtube.com/c/doorgrow
#PropertyManagement #BusinessGrowth #ClientRelationships #RealEstateInvesting
Mon, 15 Jul 2024 - 1h 22min - 291 - The Future of Short-Term Rentals: 7 Key Lessons from the STR Summit Conference 2024 - Episode #288
Learn How to Optimize Your Short-Term Rentals for Maximum Return and Minimum Stress: https://experimentrealestate.com/str
In this dynamic episode of "The Real Estate Experiment," your host Ruben Kanya dives deep into the transformative insights and strategies gathered from the recent STR Summit Conference in Denver. Shout out to the Robinsons for an incredible event! Ruben kicks things off by emphasizing the importance of continuous learning and adapting to new market trends, especially in the evolving landscape of short-term rentals (STRs).
Listeners will gain valuable insights into the (1) latest data and trends in the STR market, presented by Jamie Lane of AirDNA.co. Ruben underscores the importance of relying on hard data over speculation to make informed investment decisions. (2) He then transitions to discussing boutique hotels with Rich Somers (previous guest episode #225) and recaps an enlightening conversation & presentation (3) with Michael Elefante (previous guest episode #161), who shared how he stayed discipline with his buy box to tap into 2 million dollars worth of non-taxable profit on just one door. (4) Ruben delves into the innovative strategies of Pace Morby, highlighting his expertise in creative financing and operating without traditional bank loans EVER. By attending these conferences, (5) Ruben illustrates how challenging existing paradigms and learning from industry experts can expedite your own real estate experiments and lead to greater success.
Listeners will also discover the significance of understanding economic trends in STRs to optimize investment strategies. (6) Ruben explains the advantages of larger properties and unique experiences to reduce competition and increase profitability. (7) He also emphasizes the power of creative financing and leveraging equity to grow your portfolio without traditional loans.
Tune in now to gain invaluable insights and inspiration for your own journey towards success in the real estate industry.
#ShortTermRentals #RealEstateInvesting #CreativeFinancing #InvestmentStrategies
Tue, 09 Jul 2024 - 55min - 290 - Building a Nationwide Notary Services Empire with Phillip Hogan - Episode #287
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab! Today, we’re exploring the realm of notary services and business growth with our esteemed guest, Philip Hogan. As the Founder and CEO of Signing Services of America, Philip has built an impressive empire in the notary and real estate services industry, providing critical support to countless transactions nationwide or as I like to call it, shovels during a goldmine.
A former military man with a background in engineering, Philip's journey is nothing short of inspiring. His transition from serving in the Navy to establishing a successful business is a testament to his resilience and entrepreneurial spirit. Despite starting with no business background, Philip’s determination and strategic mindset propelled him forward, leading to a thriving career in the notary services and real estate support industry.
Join us as Philip shares his compelling story driven by a passion for innovation and a commitment to excellence. From his early career in the Navy to founding Signing Services of America, Philip’s path is marked by grit, hard work, and a relentless pursuit of success.
In this episode, Philip delves into the intricacies of the notary services industry, emphasizing the importance of reliability, precision, and exceptional service. He discusses how he scaled his business from a single-state operation to a nationwide powerhouse, highlighting the role of technology and strategic partnerships in this growth.
Moreover, Philip sheds light on the critical role notaries play in real estate transactions, sharing insights into the process, challenges, and opportunities within this niche field. He also offers valuable advice for aspiring entrepreneurs and notaries looking to make their mark in the industry.
If you’re looking to unlock the secrets of building a successful service-based business and harness the potential of the notary services industry, this episode is for you. Tune in now!
HIGHLIGHTS OF THE EPISODE:
16:26 - Phillip talks about notary fees and services.
29:23 - Phillip talks about building a culture within a company
KEEPING IT REAL:
00:05:20 - How Phillip Hogan transitioned into the notary business
00:08:10 - Building Signing Services of America and the initial challenges
00:12:30 - The process of becoming a notary and the importance of a notary stamp
00:18:00 - Differences between general notaries and certified notary signing agents
00:22:15 - Compensation structure for notaries in real estate transactions
00:28:40 - The importance of technology in scaling the notary business
00:34:50 - Expanding Signing Services of America and attending industry conferences
00:40:30 - Marketing and sales strategies for growth
00:45:50 - Future plans and technology development for Signing Services of America
01:12:33 - We are OUT!
CONNECTING WITH THE GUEST
Website: https://signingservicesofamerica.com/
Linkedin: https://www.linkedin.com/in/philliphogan/
Facebook: https://www.facebook.com/signingservicesofamerica/
#NotarySuccess #EntrepreneurJourney #RealEstateServices #BusinessGrowth
Mon, 01 Jul 2024 - 1h 14min - 289 - Cost Segregation: Maximizing Tax Benefits in Real Estate with Terry Judge - Episode #286
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab! Today, we're diving into the world of cost segregation and tax incentives with our distinguished guest, Terry Judge. As a Cost Segregation and Tax Incentive Expert, Multifamily Investor, and Lifetime Entrepreneur who’s helped investors save over a billion dollar’s worth in tax savings, Terry's journey is nothing short of inspiring.
A former mechanical engineer turned real estate tax strategist, Terry thrives on the challenges of the tax code, mirroring his analytical approach to both life and business. Despite starting with no tax background, Terry's tenacity and dedication propelled him forward, leading to a fulfilling career in real estate and tax advisory.
Join us as Terry shares his compelling story driven by a passion for innovation and a commitment to helping others achieve financial success. From his early career in mechanical engineering to founding CORE, a leading tax and advisory solutions company, Terry's path is marked by resilience and a relentless pursuit of excellence.
In this episode, Terry delves into the intricacies of cost segregation, emphasizing the importance of strategic tax planning and leveraging specialized knowledge to maximize tax benefits. From uncovering niche tax strategies to maximizing depreciation through cost segregation studies, Terry's insights offer a roadmap for both seasoned investors and those new to the field.
Moreover, Terry sheds light on the nuances of cost segregation, sharing tactics for maximizing tax savings and profitability while emphasizing the significance of detailed audit trails and comprehensive studies.
If you're looking to unlock the secrets of tax-efficient real estate investing and harness the potential of cost segregation, this episode is for you. Tune in now!
HIGHLIGHTS OF THE EPISODE:
09:51 - Terry talks about conducting a cost segregation study and what it can do for investment properties.
16:15 - Terry talks about how to be eligible for cost segregation
KEEPING IT REAL:
04:00 - How cost segregation integrates legal, engineering, and tax components
06:00 - Accelerated depreciation benefits
10:10 - The impact of cost segregation on investment properties
13:00 - How depreciation works in real estate
15:30 - Eligibility for cost segregation and investment properties
24:20 - Impact of holding periods on cost segregation
30:10 - Depreciation benefits for different property types
34:00 - Changes in bonus depreciation over the years
39:00 - Tax benefits for real estate professionals vs. limited partners
45:30 - Importance of having a good team and specialized CPA
54:32 - We are OUT!
CONNECTING WITH THE GUEST
Website: https://coresolutionsgroup.net/
Linkedin: https://www.linkedin.com/in/coresolutionsgroup/
Instagram: https://www.instagram.com/terry_judge/?hl=en
Email: terryjudge@coreadvisors.net
#CostSegregation #RealEstateTax #TaxBenefits #RealEstateInvesting
Tue, 25 Jun 2024 - 57min - 288 - From Silicon Valley to Multifamily with Ed Mathews - Episode #285
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Welcome to the lab. Today, we host Ed Mathews, a seasoned executive who transitioned from a high-flying career in Silicon Valley to building a successful real estate investment company with a niche in Multifamily. Ed is the founder of Clark St Capital, a company that owns and operates multifamily properties throughout New England and soon, North Carolina.
Ed helps busy C-level executives grow their retirement nest eggs passively, without the hassle of being a landlord. He also mentors aspiring real estate investors, sharing his journey from the corporate world to real estate investing.
In this episode, Ed shares his story of how he started investing in real estate on the side while working in Silicon Valley. He discusses his strategies for acquiring and managing multifamily properties, the importance of self-education, and the value of mentorship. Ed provides insights into financing strategies and how to build a profitable real estate portfolio. If you're interested in learning how to build wealth through real estate investing, this episode is a must. Tune in now and take the first step toward transforming your financial future!
HIGHLIGHTS OF THE EPISODE:
14:45 Ed talks about the advantages of staying in the commercial multifamily space.
31:50 Ed talks about creative financing techniques and their benefits.
KEEPING IT REAL:
04:00 Ed’s initial steps and challenges in real estate
06:15 Transitioning from a high-flying career in Silicon Valley to real estate investing
08:45 The impact of personal goals and family on career choices
14:45 Why Ed focuses on 4 to 20 unit properties and the advantages of staying in the commercial multifamily space
17:30 Insights on the Connecticut real estate market
22:20 Ed's strategy for handling property management and reducing turnover
27:40 Building and leveraging relationships in the real estate industry
31:50 Creative financing techniques and their benefits
35:00 The pros and cons of refinancing properties
37:00 Lessons learned from Ed's real estate journey and advice for aspiring investors
42:15 The role of mentorship in Ed's success and why he believes in paying it forward
46:00 Ed’s final thoughts on real estate investing
49:30: We are OUT!
CONNECTING WITH THE GUEST
Website: https://www.clarkst.com/
Linkedin: https://www.linkedin.com/in/edmathews/
Instagram: https://www.instagram.com/edmathews4/
Youtube: https://www.youtube.com/@clarkstcapital
X: https://x.com/edmathews4?lang=en
#MultifamilyInvesting #RealEstateInvesting #InvestmentStrategies
Mon, 17 Jun 2024 - 54min - 287 - Displaced by Fire: A Real Behind the Scenes Mid-Term Rental Insurance Case Study with Ruben Kanya - Episode #284
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr In this compelling episode of "The Real Estate Experiment," host Ruben Kanya takes you behind the scenes of the mid-term rental insurance industry with a heartfelt case study that humanizes the business. Ruben emphasizes the real human impact of this niche, sharing an inspiring story of a gentleman named Bruce who was displaced due to a fire. This episode brings to life the reasons why the mid-term rental insurance space is so vital and lucrative, highlighting the importance of selecting the right type of asset to serve those in need effectively.
Listeners will gain valuable insights into the fundamentals of the industry, including the critical criteria for selecting properties that cater to displaced families. Ruben discusses the importance of accessibility, layout, and location, all crucial elements for ensuring optimal living conditions for those affected by unforeseen events. By focusing on these key aspects, investors can position themselves to land premium contracts and make a significant difference in the lives of those they serve.
Ruben also explores the emotional and logistical challenges faced by families like Bruce's, offering a deeper understanding of why going above and beyond in hospitality is essential. This episode underscores the need to be well-prepared and knowledgeable about the entire process, from initial displacement to long-term relocation solutions.
Tune in to discover the human stories behind the mid-term rental insurance space, the importance of thorough property criteria, and the rewarding nature of solving big problems. This episode is a must-listen for anyone interested in real estate investing, especially those looking to make a meaningful impact while achieving financial success.
#MidTermRentals #RealEstateInvesting #InsuranceStrategies #HumanizeYourBusiness
Mon, 10 Jun 2024 - 45min - 286 - Which Season Are You In? with Ruben Kanya - Episode #283
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
In this thought-provoking episode of "The Real Estate Experiment," host Ruben Kanya takes a reflective dive into the concept of seasons and how they parallel our journeys in life and business. Inspired by the changing weather in Massachusetts, Ruben shares his insights on the natural cycles and how understanding these can lead to greater success in real estate and personal growth.
Ruben emphasizes the importance of recognizing and aligning with the seasons in our lives, whether it's a time for education, action, relationship-building, or rest. He underscores that just as nature operates in distinct seasons, so too should our efforts and focus areas. By honing in on what is most relevant in each season, we can avoid the pitfalls of trying to do everything at once and instead achieve deeper, more meaningful results.
Listeners will gain valuable insights into how to determine which season they are in and how to align their goals and actions accordingly. Ruben shares personal anecdotes and examples from his own journey, including the current season of building and creative financing he and his team are focusing on. He also discusses the importance of having a structured plan and bringing order to our endeavors to achieve success.
Tune in now and discover how you can apply the framework of seasons to your own life and business. By understanding and embracing the season you're in, you'll be better equipped to navigate challenges, seize opportunities, and ultimately achieve your goals. This episode is a must-listen for anyone looking to bring more order and purpose to their real estate investments and personal growth journey!
#RealEstateInvesting #PersonalGrowth #SeasonsOfLife
Mon, 03 Jun 2024 - 21min - 285 - Creative House Hacking with Ruben Kanya - Episode #282
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
In this enlightening episode of "The Real Estate Experiment," Ruben delves into a comprehensive array of strategies for real estate investing and house hacking, offering invaluable insights tailored for investors at every level. Ruben emphasizes the importance of proactive engagement with lenders to secure mortgage pre-approval and leverage primary residence loans effectively. Additionally, he highlights the potential benefits of researching first-time homebuyer programs and incentives, which can significantly enhance investment opportunities for aspiring homeowners.
Listeners will also discover the advantages of exploring careers that offer remote work opportunities, granting investors greater flexibility in being able to make strategic property investments on annual basis. Ruben further advises utilizing strategic keyword searches such as "second kitchen" or "in-law suite" when browsing for properties to optimize the potential for successful house hacking endeavors. Moreover, he discusses the value of considering becoming a licensed real estate agent as another lever to pull, providing not only access to invaluable industry insights and opportunities for investment growth but getting paid at the closing table for buying your own properties. Tune in now and embark on a journey towards mastering real estate investing and house hacking strategies that can propel you towards financial freedom and success!
#househacking #realestate #realestateinvesting
Tue, 28 May 2024 - 52min - 284 - Navigating MID-TERM RENTAL Niches: MTR School of Hard Knocks Live Panel - Episode #281
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr Welcome to the lab. Today, we're bringing you an exclusive live recording of the "MTR School of Hard Knocks, a live real estate event that took place in San Diego with co-hosts Vivian Yip and Ruben Kanya. This episode dives into the diverse niches within real estate, showcasing the expertise and strategies distinguished panelists — who are mid-term rental experts in their respective niches who also all have been featured in the lab in previous episodes, addressing the challenges faced by investors, and providing practical solutions, tips and the opportunities that exist in each respective niche.
The Panel Features:
Dr. Rachel Gainsbrugh
A seasoned real estate expert, Dr. Gainsbrugh helps busy doctors escape burnout by investing in luxury mid-term and short-term rentals. By day, she's a healthcare professional, by night, a savvy short-term rental investor, and 24/7, a dedicated mom.
Vivian Yip
As the founder of Corporate Rentals USA and Hestia, Vivian Yip is a dynamic entrepreneur and public speaker specializing in mid-term rentals. With a deep passion for hospitality, she guides investors in navigating the lucrative mid-term rental market.
Noble Crawford
brings a wealth of knowledge from his diverse background in hospitality, technology, sales, marketing, and government contracts. A ten-year business owner and principal partner in multiple ventures, Noble has coached a student from zero knowledge to securing a $7.4M government contract in just six months.
Sarah D. Weaver
An author, coach, speaker, and real estate investor, Sarah Weaver self-manages 19 units across four states while traveling full-time. She specializes in furnished medium-term rentals in what she calls “Destination Hotspots of America,” such as Omaha and Des Moines.
In this episode, our hosts and panelists explore asset types, share strategies, discuss investor challenges and solutions, and provide invaluable Q&A and practical tips. If you're looking to master the art of mid-term rentals and expand your real estate knowledge, this episode is a must-watch.
HIGHLIGHTS OF THE EPISODE:
25:55The Panel talks about the niche they stick with
34:40The Panel talks about the asset they’re focusing on
KEEPING IT REAL:
02:31Building a Network
08:46Introduction of Cal Home Company from Jeremy Katz sales Manager
15:23Importance of Networking and Partnerships
20:11Vivian Yip discusses the vision behind Hestia
25:51Decision, Desire, Discipline (The Three Ds)
33:41The panelists: Sarah, Noble, Rachel and their respective niches in real estate
45:16Strategies and Asset Types
56:31Challenges faced by real estate investors and solutions
1:07:21Q&A and Practical Tips
1:20:46Closing Remarks
Episode Hashtags: #RealEstateInvesting #MidTermRentals #RealEstateNiches #FinancialFreedom
NOTABLE QUOTE (KEY LESSONS):
CONNECTING WITH THE GUEST
Dr. Rachel Gainsbrugh
Website: https://www.shorttermgems.com/
Linkedin: https://www.linkedin.com/in/dr-rachel-gainsbrugh/
Instagram: https://www.instagram.com/short.term.gems/?hl=en
Facebook: https://www.facebook.com/rachel.gainsbrugh/
Vivian Yip
Website: https://corporaterentalsusa.com/
Linkedin: https://www.linkedin.com/in/vivianyiptx/
Instagram: https://www.instagram.com/vivianyip_official/
Facebook: https://www.facebook.com/vivianyip.keller
Linktree: https://linktr.ee/vivianyip
Sarah D. Weaver
Website: https://www.sarahdweaver.com/trips
LinkedIn: https://www.linkedin.com/in/sarahdweaver/
Instagram: https://www.instagram.com/sarahdweaver/
Facebook: https://www.facebook.com/sarahdweaverpage
Noble Crawford
Website: https://hospitalitycashflow.com/
LinkedIn: https://www.linkedin.com/in/noblecrawford/
Instagram: https://www.instagram.com/noble.crawford.3/
Event Sponsor: https://calhomeco.com/
#RealEstateInvesting #MidTermRentals #RealEstateNiches #FinancialFreedom
Mon, 20 May 2024 - 1h 36min - 283 - Paradigm Shift: Empowering Women in Real Estate Investing with Liz Faircloth - Episode #280
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab and today, we step in with Liz Faircloth, Co-Founder of The Real Estate InvestHER, an insightful exploration into the world of real estate investment and changing the paradigm for female investors.
As a former Experienced Management Consultant turned Real Estate Investment Entrepreneur, Liz's journey is as inspiring as it is enlightening. Tune in as she shares her personal odyssey, from the pivotal moment of discovering Rich Dad Poor Dad to building a multi-million dollar real estate portfolio with her husband.
In this episode, Liz delves into breaking gender roles in household finances and investments, highlighting the transformative power of women coming together in the realm of investing. She emphasizes the significance of supporting partnerships and challenging societal expectations, offering invaluable insights into communication strategies and the rise of MTR insurance in the rental industry.
Join us as Liz shares her wisdom on building transformational relationships for personal and business growth, reflecting on 15 years of real estate investing and the lessons learned along the way. Discover the keys to aligning goals and expertise for success in real estate, and learn how Liz empowers others to build wealth through her podcasting endeavors.
If you're looking to gain invaluable insights into real estate investing while championing women's empowerment in the industry, this episode is a must-listen. Join Liz Faircloth as she shares her expertise and journey, offering a roadmap to success in building wealth and fostering transformational relationships. Tune in now to harness the power of investing and empower yourself in the world of real estate!
HIGHLIGHTS OF THE EPISODE:
09:19Liz talks about a wealth transfer and women coming together in investing
29:37The importance of communication and building strategic partnerships
KEEPING IT REAL:
04:54Breaking gender roles in household finances and investments
09:57The power of women coming together in investing
14:51Supporting partnerships and challenging societal expectations
19:38The importance of communication and the rise of MTR insurance in the rental industry
24:56Building transformational relationships for personal and business growth
29:51The journey to success in real estate investing
34:50Finding success in real estate: aligning goals and expertise
39:5715 years of real estate investing: Lessons learned and growth achieved
44:32The pursuit of success and empowering others in building wealth
50:00The power of podcasting for real estate investing
55:33We are OUT!
CONNECT WITH THE GUEST
Website: https://www.therealestateinvesther.com/
Linkedin: https://www.linkedin.com/in/liz-faircloth-36783/
Instagram: https://www.instagram.com/therealestateinvesther/
Linktree: https://linktr.ee/investher
#RealEstateInvesting #WomenInRealEstate #Empowerment #FinancialFreedom
Tue, 07 May 2024 - 57min - 282 - MTR Summit Hallway Secrets: Decision, Desire, Discipline with Ruben Kanya - Episode #279
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr
In this episode of "The Real Estate Experiment," Ruben Kanya offers a compelling recap of the recent MTR Summit event held in San Diego, which he co-hosted with Vivian Yip and esteemed peers Dr. Rachel Gainsbrugh, Noble Crawford, and Sara Weaver. Ruben shares his heartfelt experiences connecting with his mastermind students and members of the Experiment Nation community, emphasizing the profound impact of hallway conversations in helping individuals clarify their goals and chart a path to success. He underscores his steadfast commitment to the "who not how" approach, recognizing the transformative power of mentorship and peer support in achieving collective goals.
Ruben distills his core beliefs, echoed at the sold-out event preceding the MTR Summit, into three pillars of success: Decision, Desire, and Discipline. Drawing on his recent experiences, Ruben illustrates how these pillars serve as guiding principles for Experiment Nation, challenging listeners to make the decision to embrace these values and pursue their aspirations with unwavering determination. As Ruben aptly observes, only time and tangible results will reveal the impact of this pivotal decision-making process on individual and collective success. Tune in to gain invaluable insights and inspiration for your own journey towards success in the real estate industry.
#MTR #MTRSummit #MTRsecrets
Mon, 29 Apr 2024 - 45min - 281 - Fundamentals of Success: Navigating the Mid-Term Rental Insurance Space - Episode #278
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr
Join Ruben Kanya in this insightful episode of "The Real Estate Experiment," where he delves into the critical fundamentals that should not be overlooked when venturing into the mid-term rental insurance space. Ruben emphasizes the importance of combining these fundamentals with a robust buying criteria to pave the way for success in the insurance market.
Listeners will gain valuable insights into the key factors to consider when selecting properties for mid-term rental insurance, including accessibility, layout, and location. Ruben underscores the significance of evaluating these aspects meticulously to ensure optimal profitability and tenant satisfaction.
Moreover, Ruben stresses the necessity of having a well-defined exit strategy and conducting thorough market research before investing in vacant properties. By carefully considering these factors, investors can mitigate risks and maximize returns in the insurance space.
Don't miss this episode for essential guidance on navigating the mid-term rental insurance market with confidence and strategic foresight. Tune in and discover how to build a solid foundation for success in the dynamic world of real estate.
#MidtermRentalInsurance #RealEstateInsights #PropertyInvestmentWisdom
Wed, 24 Apr 2024 - 23min - 280 - Creative Acquisitions Mixed with Short-Term Rentals: Lamè's Transformative Journey with Lamè Kinikini - Episode #277
Learn How to Optimize Your Short-Term Rentals for Maximum Return and Minimum Stress: https://experimentrealestate.com/str
Welcome to the lab. Today, we're honored to host Lamè Kinikini, the visionary owner of Elk Ridge Management, a trailblazer in the realms of creative finance and short-term rentals, boasting a staggering portfolio exceeding $15 million in owned real estate and over $50 million under management.
Join us as Lamè unveils his ascent from the trenches of the nine-to-five grind to becoming a real estate maverick. Back in 2017, Lamè embarked on his journey with a burning desire to break free from the shackles of traditional finance. Armed with a history of hustling in sales, Lamè solved the problem of showcasing enough income for property acquisition while maximizing write-offs to mitigate tax liabilities.
With determination, Lamè navigated the complexities of real estate finance, overcoming obstacles and pioneering the fusion of Airbnb and furnished rentals, leading to the creation of Elk Ridge Management.
Today, Lamè stands as a beacon of entrepreneurial ingenuity, blending creative finance with the short-term rental market. In this episode, he shares invaluable insights into financing strategies, the power of continuous self-education, and the keys to building a successful management company in the competitive real estate world.
If you're seeking to learn creative ways to get into real estate without substantial resources or property, this episode is a must. Tune in now and start taking control of your financial future!
HIGHLIGHTS OF THE EPISODE:
13:00Lame talks about the science in selling
20:21Lame talks about self education and why we should invest in ourselves
KEEPING IT REAL:
05:30Financing when you can't show enough income
07:24Creative Financing: a better way of acquiring without the tax bill
12:33The value of understanding the science in selling
19:41The importance of self education and investing in yourself
38:48Giving yourself permission to take action
44:40Why you pay for a mentor
47:48Management company as a way to partake in real estate without
money or your own property
51:56How to position your company to be above the marketplace
58:33Adding Creative financing to the short term rental model
01:00:00Buying from sellers directly through creative financing
01:05:12Underwriting with long term rentals in mind
01:07:19The value of mentorships, coachings, and creating a community
01:09:57We are OUT!
CONNECT WITH THE GUEST
Website: https://elkridgemgmt.com/
Linkedin: https://www.linkedin.com/in/hailamekinikini/
Instagram: https://www.instagram.com/hailamek/?hl=en
Linktree: https://linktr.ee/lamekinikini
Tiktok: https://www.tiktok.com/@lamekinikini
#CreativeFinancing #ShortTermRentals #RealEstateInvesting #InvestmentStrategies
Tue, 16 Apr 2024 - 1h 12min - 279 - Operating Mid-Term Rental Insurance Business Remotely with Ruben Kanya - Episode #276
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr In this eye-opening episode of “The Real Estate Experiment,” we explore the immense potential of operating Mid-Term Rentals Insurance businesses remotely, even out of state or country borders. With the promise of less turnover, reduced headaches compared to traditional Airbnb hosting, and the potential for increased profits, this opportunity presents itself as a game-changer in the real estate industry. Hosts and investors alike are urged not to overlook the significant advantages this strategy offers.
Listeners are encouraged to consider integrating this remote operating model into their existing portfolio, unlocking a new level of freedom and flexibility in their lives. With the ability to manage properties from afar and minimize the day-to-day management challenges associated with short-term rentals, this approach represents a compelling avenue for entrepreneurs seeking to expand their reach and maximize returns.Don’t miss out on this chance to revolutionize your real estate business and achieve greater success on your own terms. Tune in to discover how you can leverage the power of remote Mid-Term Rental Insurance operations for unparalleled growth and profitability. #MTR #remote #operations
Mon, 08 Apr 2024 - 31min - 278 - From Google to STR Triumph: Mastering Short-Term Rentals & Co-Hosting with Mike Reilly - Episode #275
Learn How to Optimize Your Short-Term Rentals for Maximum Return and Minimum Stress: https://experimentrealestate.com/str Welcome to the lab! Today, we're diving into the world of short-term rentals and entrepreneurial triumph with our distinguished guest, Mike Reilly. As a Short-Term Rental Business Owner, Investor, and VP of Coaching and Operations at Short-Term Rental Secrets, Mike's journey is nothing short of inspiring.
Join us as Mike shares his compelling story driven by the desire to reclaim his time and prioritize what truly matters. From battling kidney disease at a young age to both him and his wife committing themselves to a journey of financial freedom, through short term rentals.
A former student athlete — tennis player turned golf enthusiast, Mike thrives on the challenges of the game, mirroring his approach to life and business. Despite setbacks, including a career-threatening health scare during college, Mike's tenacity propelled him forward, eventually leading him to a fulfilling career in real estate.
In this episode, Mike delves into the intricacies of real estate investing, emphasizing the importance of having a backup plan and leveraging connections to achieve success. From taking calculated risks to maximizing profits through strategic investments, Mike's insights offer a roadmap for aspiring entrepreneurs.
Discover how Mike's journey unfolded, from a corporate job at Google to embracing the world of real estate full-time with his wife. Learn about the power of timing, connections, and performance-based income in realizing your goals in the dynamic realm of real estate investing.
Moreover, Mike sheds light on the nuances of short-term rentals and co-hosting, sharing tactics for maximizing occupancy and profitability while emphasizing the significance of accessibility for all individuals.
If you're looking to unlock the secrets of real estate success and harness the potential of co-hosting and short-term rentals, this episode is for you.
HIGHLIGHTS OF THE EPISODE:
08:58Mike talks about why connections are important in real estate investing.
18:18Mike talks about taking risks and why it's necessary for success in real estate.
KEEPING IT REAL:
05:01Mike’s journey in real estate and the importance of having a backup plan
10:02The role of connections and career paths in real estate investing
15:01The power of timing and connections in achieving success
20:01Taking risks for success in real estate investing
25:00Maximizing profits through strategic real estate investments
30:02Maximizing occupancy and profitability for short-term rentals
35:01Efficiency, learning from others, and simple math in real estate investing
40:00The power of performance-based income and its role in achieving goals
45:00Investing in real estate and starting a co-hosting business
50:00The value of time and making decisions based on personal desires
55:02The value of time and its impact on decision-making and strategies
01:00:03The journey of a successful short-term rental business owner
01:05:00Improving accessibility for individuals with disabilities in vacation rentals
01:08:24We are OUT!
CONNECTING WITH THE GUEST
Website: https://www.strsecrets.com/
Linkedin: https://www.linkedin.com/in/mikereilly55/
Instagram: https://www.instagram.com/mikereillync/ #ShortTermRentals #RealEstateSuccess #CoHostingTriumph #ConnectionBuilding
Mon, 25 Mar 2024 - 1h 10min - 277 - From Boating Arbitrage to Financial Freedom through Short-Term Rentals with Jeremy Werden - Episode #274
Learn How to Optimize Your Short-Term Rentals for Maximum Return and Minimum Stress: https://experimentrealestate.com/str
Welcome to the lab, and today we delve into the realm of short-term rentals and entrepreneurial success with our esteemed guest, Jeremy Werden, Co-Founder of BNBCalc and Host of the Short-Term-Rental Pros Podcast.
Join us as Jeremy takes us on a riveting journey from his humble beginnings as a first-time short-term rental investor to now overseeing a thriving portfolio of 25 Airbnb listings and 7 boats, generating over $1,000,000 in revenue annually.
In this captivating episode, Jeremy shares his remarkable story of building a successful business with minimal startup capital and documenting his journey to financial freedom, amassing a dedicated social media following of over 200,000 enthusiasts along the way.
Jeremy discusses how he navigated the challenges of the pandemic, seizing control of his life and career, and finding innovative ways to test the viability of his ventures before investing. He reveals the secrets behind the success of his summer boat rental venture and his experiences with co-hosting and arbitrage during turbulent times.
Drawing from his expertise in buying and renting properties, Jeremy provides invaluable insights into the profitability and demand for short-term rentals, highlighting them as a pathway to financial independence and generational wealth. He explores emerging trends in the real estate market, including the "silver tsunami" of opportunities and Japan's rise as a global economic leader.
Furthermore, Jeremy shares his entrepreneurial journey in creating BNBCalc, a groundbreaking web application for short-term rental investors, and discusses the transformative power of demographic shifts and business strategies in today's dynamic landscape.
If you're seeking inspiration to take control of your career, explore the lucrative world of short-term rentals, or tap into emerging opportunities in the real estate market, this episode is a must-listen. Tune in now as Jeremy Werden shares his wisdom, experience, and actionable strategies for success in the ever-evolving realm of entrepreneurship and real estate investing!
HIGHLIGHTS OF THE EPISODE:
10:25Jeremy talks about why you should test the viability of a business before investing
39:47Jeremy talks about how he created a web app for commercial loans
KEEPING IT REAL:
05:01Taking control of life and career during the pandemic
10:00Testing the viability of a business before investing
15:01The success of a summer boat rental venture
20:00Co-hosting and arbitrage during the pandemic
25:01Experience with buying and renting properties
30:02The profitability and demand for short-term rentals
35:01The "silver tsunami" of real estate opportunities
40:03The journey of creating a successful web application for commercial loans
45:00Opportunities and trends in the short-term rental and real estate market
50:02Business strategies and demographic shifts
55:02Japan's rise as a leader in the global economy
01:00:01Insights from The Economist and Morning Brew discussing success and change
01:03:25We are OUT!
CONNECT WITH THE GUEST
Website: https://www.bnbcalc.com/
Linkedin: https://www.linkedin.com/in/jmwerden/
Instagram: https://www.instagram.com/jeremywerden/?hl=en
Linktree: https://linktr.ee/STRprospodcast
Youtube: https://www.youtube.com/channel/UCPACQuaK_bLC6molJb4K4kA
Tiktok: https://www.tiktok.com/@jeremywerden
X: https://twitter.com/jeremywerden
#ShortTermRentals #RealEstateInvesting #EntrepreneurialSuccess #InvestmentStrategies
Mon, 18 Mar 2024 - 1h 05min - 276 - From Loss to Legacy: Jamie Banks' Blueprint for Mid-Term Rental Success & Multifamily Investing - Episode #273
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr
Welcome to the lab, where we dive deep into the world of real estate investing with our esteemed guest, Jamie Banks, CEO of Radiate Real Estate. As a Medium-Term Rental (MTR) and Multifamily Real Estate Investor, Jamie brings over two decades of expertise managing a portfolio of 20+ properties, all while building efficient systems to maximize returns.
In this captivating episode, Jamie shares her inspirational journey from a period of profound loss to realizing her dream of becoming a successful real estate investor. Despite experiencing multiple personal tragedies between 2017 and 2023, Jamie found solace and purpose in pursuing her passion for real estate investment, propelled by the realization that life is too short not to chase one's dreams.
Drawing from her vast experience, Jamie delves into a plethora of topics, including the keys to success in running a short-term rental business and strategies for scaling a medium-term rental portfolio. She provides invaluable insights into growing a property management business, vetting potential properties, and leveraging data for informed decision-making in the realm of medium-term rentals.
Throughout the episode, Jamie candidly discusses overcoming self-doubt and the pivotal role of mentorship in her journey to success. She reveals her strategies for expanding and scaling a real estate business in today's dynamic market, emphasizing the importance of targeting the right market and criteria for investment properties.
From creative strategies for increasing property value to successful deals with private lenders and sellers financing, Jamie leaves no stone unturned in exploring the myriad opportunities within real estate investment. She underscores the potential of multifamily properties as a long-term investment, highlighting the importance of variety in unit types and taking control of time to achieve success.
If you're looking to unlock the secrets of building a thriving real estate portfolio and learn about the transformative power of perseverance and passion in achieving your dreams, this episode is a must-watch. Don't miss this enlightening episode as Jamie Banks shares her wisdom, experience, and actionable strategies for navigating the ever-evolving landscape of real estate investing. Tune in now and embark on your own journey to financial freedom and fulfillment in the world of real estate!
HIGHLIGHTS OF THE EPISODE:
12:57 Jamie talks about how to grow a midterm rental business
24:10 Jamie talks about why data is important in MTR decision making
KEEPING IT REAL:
05:02 Taking the leap into real estate: A personal journey
10:01 The keys to success in running a short-term rental business
15:00 Strategies for growing a medium-term rental business
20:00 Growing a property management business and tips for vetting potential properties
25:00 The importance of data in decision-making for medium-term rentals
30:01 Underwriting and success in a sub-niche of MTR insurance
35:00 Overcoming self-doubt and finding success in real estate with the help of a mentor
40:01 Strategies for expanding and scaling a business in the market
45:00 Target market and criteria for investment properties
50:00 Strategies for maximizing profits in real estate investments
55:01 Creative strategies for increasing property value
01:00:01 Successful deal with private lender and seller financing
01:05:02 Finding creative opportunities in real estate
01:10:00 The potential of multi-family properties as a long-term investment!
01:15:00 Success in multifamily real estate and the importance of variety in units
01:20:02 Taking control of time to achieve success
01:23:35 We are OUT!
CONNECTING WITH THE GUEST
Website: https://radiatere.com/
Linkedin: https://www.linkedin.com/in/jamie-banks-mba-b491bab5/
Instagram: https://www.instagram.com/jamiebanksrealestate/
Linktree: https://linktr.ee/jamiebanksrealestate
Sun, 10 Mar 2024 - 1h 25min - 275 - From Tax Woes to Wins: Protecting Your Wealth with 1031 Exchange with David Foster - Episode #272
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab and today we delve into the world of tax-efficient real estate investing with our esteemed guest, Dave Foster, Founder and CEO of The 1031 Investor. A degreed accountant and serial real estate investor, Dave's quest for reducing taxes led him on a path to becoming a qualified intermediary and consultant for tax-saving strategies such as the 1031 exchange and the section 121 homestead exemption.
In this conversation, Dave shares his journey from fix and flipping in the 90s to becoming a leading authority on tax-efficient real estate investing. He unveils the updated rules and regulations surrounding the 1031 exchange, offering invaluable insights on legally compounding tax interests that remain in your pocket rather than lining the IRS's coffers. Dave expertly breaks down the complexities of the 1031 exchange in layman's terms, making it accessible to all listeners.
Moreover, Dave reveals how he utilized the section 121 homestead exemption to fulfill his dream of living on a boat with his family, relocating from Denver, CO to Tampa, FL over a decade while raising four boys. Through his firsthand experiences, Dave illustrates the practical applications of the 1031 exchange in achieving both financial freedom and personal aspirations.
Discover the benefits of the 1031 exchange in real estate investing, the versatility of this tax-saving strategy, and essential insights on maximizing profits through long-term rental contracts. Dave also shares strategies for minimizing taxes on real estate gains through the 121 exemption rule and navigates the complexities of LLC ownership and tax implications for primary residences.
Don't miss out on this opportunity to learn how to maximize success in real estate investment and 1031 exchanges, and gain valuable insights into planning for future compactions based on Dave's past 22-minute exchange experience.
If you're looking for a way to reduce your taxes and learn about 1031s, this episode is a must watch and be sure to check out Dave's book, "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange," for further guidance on building wealth through tax-efficient real estate strategies. Tune in now and embark on your own journey to financial freedom
HIGHLIGHTS OF THE EPISODE:
05:08 Dave talks about the benefits of the 1031 exchange
25:10 Dave talks about the 121 exemption rule and how to minimize taxes on real estate gains
KEEPING IT REAL:
05:00 The benefits of the 1031 exchange in real estate investing
10:00 The versatility and benefits of the 1031 exchange
15:02 Understanding the rules and regulations of a property exchange game
20:01 Maximizing profits through long-term rental contracts
25:01 The 121 exemption rule and the 1031 exchange: strategies for minimizing taxes on real estate gains
30:01 LLC ownership and tax implications for primary residence
35:00 Maximizing success in real estate investment and 1031 exchanges
40:02 The importance of planning for compactors and a past experience with a 22-minute 1031 exchange
45:29 We are OUT!
CONNECT WITH THE GUEST
Website: https://www.the1031investor.com/
Linkedin: https://www.linkedin.com/in/davefoster1031/
X: https://twitter.com/DaveFoster1031
Facebook: https://www.facebook.com/the1031investor/
Youtube: https://www.youtube.com/c/The1031Investor
#1031Exchange #TaxSavingStrategies #FinancialFreedom #WealthBuilding
Mon, 04 Mar 2024 - 47min - 274 - CAPitalizing Your Finances & Financial Literacy with Chris Panagiotu - Episode #271
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Join us in the lab and let’s dive into the captivating journey of Christopher A. Panagiotu, author, financial specialist, and host of the CAPitalize Your Finances Podcast.
From a young age, Chris was immersed in the world of investing, igniting a passion that would shape his future endeavors. With an internship at UBS during his college years and a brief stint at Morgan Stanley, Chris quickly realized that his path lay elsewhere. It wasn't until he found his home at Lucia Capital Group in 2015 that his true journey began.
In this episode, Chris delves into a myriad of topics, from exploring retirement and financial literacy alongside industry experts to sharing invaluable insights on navigating the ever-evolving financial market. With a keen eye for opportunity, Chris discusses his approach to building a robust foundation in investing and maximizing profits in the real estate market.
Throughout the conversation, Chris shares his wisdom on understanding "Gap money," the significance of individual stocks in investment strategies, and the role of real estate in retirement planning. Drawing from his vast experience, he highlights the importance of checklists in financial planning and sheds light on the blind spots that individuals often overlook.
If you're looking to unlock the secrets of financial literacy and success, this episode is for you. Tune in now and discover the keys to capitalizing on your financial future !
HIGHLIGHTS OF THE EPISODE:
09:18Chris talks about the importance of having a strong core framework in investing
02:04Chris talks about Gap money and capitalizing on your expenses
KEEPING IT REAL:
04:09Exploring retirement and financial literacy with successful entrepreneurs and experts
05:01Journey into investing and ownership
10:02The importance of a strong foundation in investing
15:02Adapting to the ever-changing financial market
20:02Understanding "Gap money" and its impact on business success
25:02Using business knowledge to help others
30:00Maximizing profits in the real estate market
35:01Investing strategies and the importance of understanding individual stocks
40:00Approach to working with clients and their thoughts on real estate as a retirement strategy
45:01Perspective on real estate and businesses
50:00Investment strategies and the importance of checklists
55:01The importance of understanding blind spots in financial planning and future plans for the Capitalized brand
1:00:23We are OUT!
CONNECT WITH THE GUEST
Website: https://capitalizeyourfinances.com/
Linkedin: https://www.linkedin.com/in/christopher-panagiotu-cfp%C2%AE-crps%C2%AE-13a573176/
Instagram: https://www.instagram.com/capincapitalize/
Linktree: https://linktr.ee/capitalizeyourfinances
Podcast: https://capitalizepodcast.com/
#FinancialLiteracy #InvestmentInsights #WealthBuildingWisdom #FinancialEmpowerment
Mon, 26 Feb 2024 - 1h 02min - 273 - STR Wealth Conference 2024 Recap Episode #270
Enroll in Dr. Rachel’s newest Mid-Term Rental Arbitrage Strategy: The MTR Arbitrage Academy (shorttermgems.com)
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Reflecting on the STR Wealth Conference in Nashville, Ruben Kanya, host of "The Real Estate Experiment" Show, delves into the insights and key takeaways from this significant gathering of short-term rental industry leaders. Among the highlights, Ruben particularly appreciated the sessions on boutique hotels led by Michael Sjogren and Rich Somers. He views the transition into boutique hotels as a pivotal advancement in a short-term rental investor's career, a step that not only enriches but also paves the way to building substantial wealth through commercial real estate. Noble Crawford's presentation introduced attendees to the potential of leveraging furnished accommodations for government contracts and pilot pads, offering a novel approach to utilizing short-term rental investments. Dr. Rachel Gainsbrugh's session on mid-term rentals resonated with Ruben as well, reinforcing the model he has committed to and seen success with.
However, it was Daymond John's rags-to-riches narrative that made a profound impact on Ruben. John's story, highlighting the power of visualization in achieving success, provided a motivational and inspirational element to the conference, underscoring the importance of having a clear mental picture to guide one's journey to success.
These sessions collectively offered a wealth of knowledge and strategies for short-term rental investors, from diversifying investment approaches to harnessing the power of vision and mental clarity in pursuit of financial growth and stability. Ruben's reflections not only capture the essence of the conference but also serve as a roadmap for others in the industry looking to elevate their investing career and build lasting wealth.
#STRWealthConference2024 #ShortTermRentals #RealEstateInvesting
Wed, 21 Feb 2024 - 27min - 272 - MTR Arbitrage Deal Gone Wrong - Episode #269
Enroll in Dr. Rachel’s newest Mid-Term Rental Arbitrage Strategy: The MTR Arbitrage Academy (shorttermgems.com) Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr
In a reflective episode of "The Real Estate Experiment," Ruben shares insights gleaned from a mid-term rental arbitrage deal that didn't go as planned, emphasizing the importance of learning from setbacks and refining one's approach for future endeavors. Drawing upon the law of polarity, Ruben acknowledges that with every positive outcome, there may also be challenges to navigate. He encourages entrepreneurs, real estate investors, and learners to adopt a scientific mindset, donning their metaphorical "white coat, gloves, and notepad" to conduct experiments in the business world.
The episode underscores the critical importance of proper insurance coverage and well-structured contracts in co-hosting or arbitrage arrangements. Ruben reflects on a specific scenario where timing issues led to complications, highlighting the necessity of setting clear deadlines for contract signing and being prepared to walk away if agreements are not met. Moreover, Ruben stresses the significance of thorough due diligence, direct communication with homeowners, and comprehensive documentation, especially in time-sensitive situations. By sharing these lessons learned, Ruben provides valuable insights to help listeners navigate similar challenges with greater resilience and effectiveness in their own business endeavors.
#MidTermRental #Arbitrage #RealEstateInvesting #MidTermRentalInsurance
Wed, 21 Feb 2024 - 24min - 271 - Dr. Nnaji's Journey from Medicine to Real Estate & Inclusive Travel - Episode #268
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to the lab and today we unravel the remarkable journey of Dr. Ifeoma Nnaji, MD, MBA, FAAFP—an Accessibility Consultant and family physician based in the dynamic Atlanta metro area.
Dr. Nnaji even knew in medical school that she did not want to be stuck in the traditional medicine environment. Realizing that, in the world of medicine, she is the human capital, and fueled by a desire to solve the challenge of relying solely on the traditional medical career, Dr. Nnaji shares her journey of seeking multiple streams of income, touching on her initial reluctance, influenced by cultural expectations, and how the changing landscape of medicine urged her to explore alternative paths.
Motivated by her father's success and introduced to the possibilities by Dr. Chau, Dr. Nnaji took the plunge and has since been focused on catering to and solving problems for travelers with physical disabilities
In this episode, Dr Nnaji shares the value of time for family physicians, the personal journey from medicine to entrepreneurship, and her experiences with malaria and polio. She sheds light on the impact of being the oldest sibling, cultural expectations, and the drive to overcome societal limitations for individuals with disabilities. The conversation extends to her role in the rental property industry, maximizing profits in real estate, and the founding of Vida Voyage—a company dedicated to ensuring accessibility for travelers with physical disabilities. Dr. Nnaji's wisdom extends to the challenges faced by individuals with physical disabilities in navigating spaces, the importance of catering to specific populations, and the power of solving problems for positive impact.
If you're seeking inspiration to break free from the traditional career path and move towards financial freedom, Dr. Nnaji's insights will be your guide. Tune in now and unlock the secrets to transition from the 9-to-5 grind to financial independence! Join us on this transformative journey with Dr. Ifeoma Nnaji and discover the keys to unlocking your own entrepreneurial potential!
HIGHLIGHTS OF THE EPISODE:
01:56 Dr. Ifeoma talks about the limitations of a career in medicine
57:29 Dr. Ifeoma about the importance of accessibility and accommodation
KEEPING IT REAL:
05:01 The value of time and the journey of a family physician towards
multiple streams of income
10:01 Personal journey to a career in medicine
15:01 Understanding Malaria and Polio
20:01 The impact of being the oldest sibling and cultural
expectations on decision-making
25:02 Overcoming societal limitations for individuals with disabilities
30:00 The individual's motivation and success in the rental property industry
35:00 Maximizing profits in the real estate market
40:01 Experience with hotel reservations and the
potential for smaller companies to compete
45:00 Exploring service delivery for people with disabilities
50:01 Challenges faced by individuals with physical disabilities in navigating
physical spaces and traveling
55:01 Considerations for catering to a specific population
1:00:00 The importance of accessibility and accommodation
1:05:00 Vida Voyage: A company catering to travelers with physical disabilities
1:10:02 Ensuring accessibility for individuals with physical disabilities
1:15:01 The power of solving problems and making a positive impact
1:19:14 We are OUT!
CONNECT WITH THE GUEST
Email: ifeoma.nnaji@vidavoyage.com
Linkedin: https://www.linkedin.com/in/ifeoma-nnaji-md-mba-faafp-13465042/
#RealEstateInvesting #InclusiveTravel #OvercomingLimitations #AccessibleTravels
Mon, 05 Feb 2024 - 1h 20min - 270 - Closing Mid-Term Rental Insurance Contracts by Law with Ruben Kanya - Episode #267
Discover How to Triple Your Income and Maximize Profits: https://experimentrealestate.com/mtr
In a reflective episode of “The Real Estate Experiment,” Ruben delves into how the seven laws of the universe are not only unavoidable but also deeply intertwined with the mid-term rental insurance business. For those attuned to the principles of personal development, Ruben highlights how securing a mid-term rental insurance contract is not a random occurrence but rather a result of these universal laws at play. He draws intriguing connections between the seven laws and the MTR (Mid-Term Rental) strategy:
Perpetual Transmutation of Energy: Ruben underscores entropy, how bringing order back into your lifes avatar is how you’re highly rewarded and after order by law is disroder and the cycle repeats no different to when a property is cleaned to be found in disorder after a guest stay or being back in disorder after the previous MTR contract. Cause and Effect: Ruben discusses how every action and decision within the MTR business has consequences. Recognizing this law prompts strategic thinking and mindful decision-making. Vibration: Ruben explores how vibrational frequencies in one’s thoughts and intentions can attract or repel opportunities in the MTR niche. Positive vibrations and alignment with goals can lead to success. Polarity: The concept of duality is examined, emphasizing how contrasting aspects within the MTR business, such as challenges and opportunities, are interconnected and essential for growth including a family deciding not to move forward with your property, another deal is always on it’s way. Relativity: Ruben emphasizes how relative perspectives play a role in the MTR industry, where success is measured in comparison to various factors including attracting the right avatar base don their pain points, need and availability. Rhythm: Ruben discusses how understanding the rhythms and cycles in the MTR business can help in timing decisions and actions for maximum impact. Gender: Ruben touches on the most frequently asked questions, ‘how long does it take to land a contract’…the gestation period of every deal is different, mastering the skill and trusting the process is the essence of getting deal after deal.By linking these universal laws to the MTR strategy, Ruben offers a thought-provoking perspective on how individuals can navigate the industry with a greater awareness of the forces at play. This reflective episode underscores that achieving success in the mid-term rental insurance business is not a matter of chance but a matter of aligning one’s efforts with these fundamental laws of the universe.
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
#midtermrental #MTR #law
Mon, 29 Jan 2024 - 42min - 269 - From Healthcare Director to Co-Founder of 5 Star Co-Host with Dave Menapace - Episode #266
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint We are back in the lab for a deep dive into the dynamic world of entrepreneurship and real estate. Today, we've got Dave Menapace. – President and Co-Founder of The 5 Star Co-Host with his amazing wife Kim Menapace, a #1 Best Selling Author, Real Estate Investor, STR Co-Host, Coach, and Consultant.
In 2019, Dave started his real estate journey with an Airbnb property in Cape Cod. What started as a way to earn passive income and enjoy a free vacation turned into a whole new career. Today, Dave, along with his partner Kim, manages 2 STRs, 6 long-term rental units, and is the go-to co-host for many New England vacation rentals.
In this episode, Dave talks about his journey – moving from working in healthcare to a full-time real estate gig. Get ready for a look at how he took risks and shaped the mindset needed to navigate real estate.
Dave shares his experiences, giving us the keys to success in short-term rentals. He also dives into financing strategies, like HELOCs and lines of credit. Learn about building a business as an investment, using it for new ventures, and the importance of having a strong support system in business.
Join us for a chat with Dave as he shares wisdom on making decisions, seizing growth opportunities, and helping those without a business background thrive in hospitality.
Dive into this episode and soak in Dave Menapace's wisdom, a pioneer in real estate and entrepreneurship. If you're someone from a W2 looking to break free and move towards financial freedom, Dave's insights will be your guide. Tune in now and unlock the secrets to transition from the 9-to-5 grind to financial independence!
HIGHLIGHTS OF THE EPISODE:
09:57 David talks about the mental framework of taking risks and leaving a stable job for a business venture
26:58 David talks about financial strategies to get into real estate
KEEPING IT REAL:
05:01 From healthcare director to full-time real estate investor
10:01 The power of taking risks and internal mindset in achieving success
15:01 The importance of consistency and earning trust in relationships
20:02 Success in the short-term rental industry
25:02 Maximizing profits through MTR Insurance blueprint
30:00 Exploring financial strategies and options, including HELOCs and lines of credit
35:01 Building a business as an investment and leveraging it for further investments
40:01 The importance of a strong support system in business operations
45:01 Making the right decision and seizing opportunities for growth
50:00 Supporting individuals with no background in operations to succeed
in the hospitality industry
56:45 We are OUT!
CONNECT WITH THE GUEST
Website: https://5strcohost.com/
Linkedin: https://www.linkedin.com/in/davidmenapaceit/
Instagram: https://www.instagram.com/dave_menapace/
Facebook: https://www.facebook.com/MenapaceRealEstate
#RealEstateJourney #EntrepreneurshipInsights #ShortTermRentalsSuccess #Airbnb
Mon, 22 Jan 2024 - 58min - 268 - Unconventional Path from Nine to Five to 24/7 Temporary Housing Success with William Dotson - Episode #265
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
We are back in the lab and today we dive into the dynamic world of entrepreneurship, real estate, and the midterm rental niche with our guest, William Dotson of Nova Havens.
His entrepreneurial journey sparked from a transformative insight planted by his wife, challenging the conventional 9-to-5 mentality. Recognizing William as a "systems guy," she introduced the idea of entrepreneurship as an unconventional yet structured system, igniting his addiction to understanding the intricacies of various systems, from bookkeeping to asset management.Initially venturing into short-term rentals, specifically navigating the complexities of Southern California's Airbnb market, William turned limited knowledge into success. Currently making moves in the temporary housing space, he stands as a testament to the transformative power of structured nine to fiver embracing new systems & better model for business success.
In this episode, William shares insights on the unconventional path to success in real estate in the mid-term rental insurance niche, the impact of proximity on the perception of reality, the power of mentorship, and finding success in niche markets. Learn about his journey to maximizing profits through strategic property management, and navigating the challenges of the midterm rental insurance market.
Discover the importance of authenticity, understanding the insurance avatar, and successful negotiation in the insurance industry. William sheds light on the multi-dimensional nature of success in entrepreneurship, achieving genuine mentorship, and brand alignment. Explore the power of accountability and community in personal growth and gain a deeper understanding of Nova Havens as a housing solutions provider navigating the rental market.
William unravels the concept of "list selling" and provides invaluable insights into the intricate world of entrepreneurship and real estate. If you're looking to make strides in the midterm rental insurance space and achieve success, this episode is a must-listen, a true embodiment of wat being resourceful and following a proof of concept looks like to achieve success. Tune in now to elevate your understanding and embrace the endless possibilities of new systems in your entrepreneurial journey — specifically in the mid-term rental insurance niche!
HIGHLIGHTS OF THE EPISODE:
14:23 William talks about changing one’s perception by being in proximity to someone
who thinks completely different
1:00:25 William talks about the role of genuine mentorship and brand alignment in success
KEEPING IT REAL:
05:00 The unconventional path to success in real estate
10:01 The impact of proximity on perception of reality
15:00 The power of mentorship and finding success in niche markets
20:02 Journey to joining Ruben's mentorship program
25:02 Maximizing profits through strategic property management
30:00 Networking and business strategies in the real estate industry
35:00 Navigating the midterm rental insurance market
40:00 Discovering and utilizing one's unique advantage
45:03 The importance of authenticity and understanding others in achieving success
50:01 Successful negotiation in the insurance industry
55:00 The multi-dimensional nature of success in entrepreneurship
1:00:00 Achieving success through genuine mentorship and brand alignment
1:05:00 The power of accountability and community in personal growth
1:10:02 Nova Havens: A housing solutions provider navigating the rental market
1:15:01 The concept of "list selling"
1:17:54 We are OUT
CONNECT WITH THE GUEST
Website: https://www.novahavens.com/
#MidtermRentalInsuranceInsights #TemporaryHousing #RealEstateSuccess #EntrepreneurshipJourney
Mon, 15 Jan 2024 - 1h 19min - 267 - The Future of Mid-Term Rental Insurance in 2024 - Episode #264
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
MTR Insurance Network: https://mtrinsurancenetwork.com/
Step into the lab with us as we unveil our Midterm Rental Insurance Roundtable Secrets in today's episode. We've gathered insights from the industry's top leaders, providing you with an exclusive peek of how you can stay ahead in your 2024 strategy. Insider information goes a long way to best position yourself to accelerate growth and profitability in 2024. You’ll want to tune into these experts as they share their mid-term rental secrets roundtable-style.
In our quest to bring you the most accurate and valuable information, we've convened a Roundtable with experts who navigate this dynamic landscape daily. In this exclusive roundtable discussion, we have
Jesse Vasquez
With 17 years in Healthcare Sales, Marketing, and Business Development, Jesse Vasquez is the Founder and CEO of AirVenture Academy.
Sarah D Weaver
A multi-faceted professional, Sarah Weaver excels in coaching, public speaking, real estate investing, and writing.
Dr. Rachel Gainsbrugh
As the CEO of Short Term Gems, Dr. Rachel Gainsbrugh is a prominent figure in real estate, contributing to the Bigger Pockets blog and featuring on over 30 podcasts.
Jamie Banks
The CEO of Radiate Real Estate, Jamie Banks transitioned from a W2 job in commercial real estate to become a full-time real estate investor.
Tanishia Epps Spencer
With a 20-year background in insurance, Tanishia Epps Spencer is a Real Estate Investor and Mid-Term Corporate Rental Specialist.
Vivian Yip
Founder & CEO of Corporate Rentals USA by Hestia, Vivian Yip is a real estate investor specializing in mid-term rentals, house flipping, and acquisitions.
In this episode, our expert roundtable delves into key topics shaping the midterm rental insurance industry. We explore strategies for optimizing marketing and branding, offer insights into providing temporary housing solutions for families, and analyze the impact of AI solutions on the midterm rental market. The discussion also covers targeted approaches like focusing on interested homeowners in Arbitrage, the influence of the rental market on business strategies, and practical tips for maximizing profits in the short-term rental market.
HIGHLIGHTS OF THE EPISODE:
20:46 On the importance of sticking to what works and providing high-quality service to stand out in the competitive market
29:54 Ways to improve listing descriptions to attract mid-term rental guests.
KEEPING IT REAL:
00:00 Strategies for optimizing marketing and branding in the midterm rental insurance industry
05:00 The potential for investors to provide temporary housing for families
10:01 The impact of Al Solutions on the midterm rental market
15:02 The potential impact of targeting only interested homeowners in Arbitrage
20:02 The impact of the rental market on business strategies
25:01 Maximizing profits in the short-term rental market
30:01 Improving listing descriptions for mid-term rental properties
35:00 Exploring innovative business models in the midterm rental industry
40:01 Strategies for success in the short-term rental industry
45:00 Innovative strategies for real estate investors
50:00 The potential of podcasting in the real estate industry
CONNECT WITH THE GUESTS:
Jesse Vasquez
Linktree: https://linktr.ee/Airventurehostingco
Sarah D Weaver
Website: https://www.sarahdweaver.com/trips
Dr Rachel Gainsbrugh
Website: https://www.shorttermgems.com/
Dr. Rachel’s Mid-Term Rental Arbitrage Strategy: https://www.shorttermgems.com/arbitrage
Jamie Banks
Website: https://radiatere.com/
Tanishia Epps Spencer
Linktree: https://linktr.ee/tanishia
Vivian Yip
Website: https://corporaterentalsusa.com/
Linktree: https://linktr.ee/vivianyip
#MidtermRentalInsurance #TemporaryHousingSolutions #RealEstateInnovation #AISolutionsInRealEstate
Mon, 08 Jan 2024 - 47min - 266 - Two-Door Strategy (Short & Mid-Term Rental) to Financial Freedom with Dr. Rachel Gainsbrugh - Episode #263
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Enroll into Dr. Rachel’s newest Mid-Term Rental Arbitrage Strategy: https://www.shorttermgems.com/arbitrage
Dr. Rachel Gainsbrugh returns to the lab since her last stint in episode #181 with a refined brand and mission with her two door strategy helping investors reach financial freedom with less properties not more. Dr. Rachel CEO of Short Term Gems and a recovering Pharmacist has revolutionized the landscape of luxury short-term rentals alongside helping investors net the largest profit margins seen to date nationwide with her mid-term rental insurance strategy. Her concierge coaching program niches into helping other medical professionals like herself breakthrough into the space to completely transform their financial outcome.
As a sought-after figure in the real estate realm, Dr. Rachel Gainsbrugh wears many hats. Not only is she a contributing writer for the Bigger Pockets blog, but she has also graced the airwaves of over 30 podcasts, sharing her expertise on platforms like Thanks for Visiting, InvestHER, and The Short Term Show. Recently, her luxury short-term rental was selected for a Netflix special, adding another feather in her cap.
In this episode, Dr. Gainsbrugh pulls back the curtain on her unique approach to rental investing, focusing on quality over quantity. She shares insights on the mental framework that "10x is Easier Than 2x Training," goal-setting with the two-door strategy, and how strategic real estate investing can pave the way to financial freedom.
Dr. Gainsbrugh peels back the onion on evaluating activities and properties for a 10x goal, reveals the secrets of luxury travel experiences, and provides a deep dive into understanding insurance claims. Learn about the CROW Method for your real estate investing strategy to maximize and accelerate your success in short-term and midterm rentals.
If this wasn't enough, Dr. Rachel and Ruben together are building the number 1 Mid-Term Rental Insurance network in the nation connecting relocation specialist and insurance companies to investors. Together they both have the pleasure of coaching students and hosting retreats to help accelerate the success of other investors.
If you're looking to create a profitable income stream and achieve full-time freedom through rental investing, Dr. Rachel Gainsbrugh provides a very straightforward roadmap in this episode. Tune in now to see how Rachel’s mid-term & short-term gems can turn into your successful experiments.
HIGHLIGHTS OF THE EPISODE:
10:21 Dr. Rachel talks about real estate as a path to financial freedom
51:16 Dr. Rachel talks about Strategies for Short-Term and Midterm Rental Success
KEEPING IT REAL:
03:26 10x is Easier Than 2x Training
05:00 Setting goals and the two-door strategy
10:01 Real Estate: A Path to Financial Freedom
15:00 Evaluating activities and properties for 10x goal
20:01 Luxury Travel Experiences
25:00 Understanding Insurance Claims
30:02 The CROW Method for Real Estate Investing
35:00 Investing in Real Estate
40:01 Midterm rental insurance: Maximizing occupancy and profitability
45:02 Navigating Real Estate Regulations
50:01 Strategies for Short-Term and Midterm Rental Success
55:00 Understanding Supply and Demand in the Hospitality Industry
1:00:00 Benefits of investing in four bedroom properties
1:05:00 Leveraging opportunities with Mid Term Rental Arbitrage
1:10:01 Leveraging strategies to make something happen
1:15:01 Podcasting for Real Estate Investors
CONNECT WITH THE GUEST
Website: https://www.shorttermgems.com/
Linkedin: https://www.linkedin.com/in/dr-rachel-gainsbrugh/
Instagram: https://www.instagram.com/short.term.gems/?hl=en
Facebook: https://www.facebook.com/rachel.gainsbrugh/
#MidTermRentalInsurance #ShortTermRentals #MidtermRentalArbitrage #LuxuryRentals
Mon, 01 Jan 2024 - 1h 19min - 265 - Mid-Term Rental Wealth Retreat Recap Pt. II with Ruben Kanya - Episode #262
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
If you missed the MTR Wealth Retreat, join the 6-Figure MTR Workshop with Ruben Kanya and Dr. Rachel Gainsbrugh: https://experimentrealestate.com/mtrworkshop
In a dynamic collaboration with Dr. Rachel Gainsbrugh and the Short Term Gems Team, Ruben co-hosted the highly anticipated Mid-Term Rental Wealth Retreat in the picturesque setting of Destin, Florida. The retreat kicked off with Ruben’s engaging session titled “Unlocking Your 10x Potential,” designed to empower investors with the mindset shift needed to transform their lives.
The Mid-Term Rental Wealth Retreat emerged as a perfect haven for investors seeking to explore the powerful “two-door strategy,” a fusion of short-term and mid-term rental approaches aimed at achieving financial freedom. The intimate nature of the retreat allowed participants to delve deep into insider information and gain a competitive edge. From the nuances of analyzing short-term rental markets using key metrics like annual rental revenue as a percentage of property value and the 50% occupancy rule, to valuable insights on design, profit strategies, and the innovative C.R.O.W. method (Connections, Recommended Professionals, On Trend, Word of Mouth), attendees left equipped with a comprehensive toolkit to excel in the marketplace.This episode serves as a unique opportunity for those curious about the Mid-Term Rental Wealth Retreat to get an insider’s feel for the event. Tune in to gain a sneak peek into the wealth of knowledge, networking opportunities, and transformative experiences that await participants in this exclusive retreat.
#MTRWealth #MTRWealthRetreat #MTR
Tue, 26 Dec 2023 - 25min - 264 - Scaling a Short-Term Rental Co-Hosting Business with Kyle Stanley - Episode #261
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Today, in the lab we explore the world of short-term rentals with Kyle Stanley, a former sports broadcaster turned investor with a niche in short-term rentals. As the host of The Fearless Investor Podcast, Kyle shares his experiments Co-hosting a portfolio of 50+ short-term rental properties in Fresno, CA, Kyle built a 6-figure business in one year, reaching 7-figures by year two.
Kyle discusses his journey from struggling entrepreneur to building a well-oiled machine that has given him the ability to scale today. Drawing lessons from his sports background, he explores the connections between sportsmanship and real estate. From renting out houses on Airbnb to evaluating long-term rentals, Kyle delves into the details of successful real estate investing.
Discover the strategy of buying on terms, offering flexible options for savvy investors. Kyle provides insights into understanding the nuances of the Fresno real estate market, guiding through this dynamic landscape. Learn the principles of taking responsibility and embracing risks in real estate investing as Kyle Stanley provides a roadmap to triumph in this ever-evolving industry.
If you’re looking to build and scale a co-hosting business the way Kyle has, you’ll want to Tune in now to glean insights from Kyle's approach to both entrepreneurship and real estate.
HIGHLIGHTS OF THE EPISODE:
07:37 Kyle talks about figuring ways to find real passive income
26:34 Kyle talks about long-term rental as a backup plan
KEEPING IT REAL:
05:00 Struggling Entrepreneur to Passive Income
10:01 Lessons from Sports
20:00 Renting out a house on Airbnb
25:01 Evaluating the potential of a long-term rental
30:00 Buying on Terms: Options for Real Estate Investors
35:00 Understanding the Fresno Real Estate Market
40:00 Successful Real Estate Investing
45:00 Taking responsibility and taking risks in Real Estate Investing
48:08 We are OUT
CONNECT WITH THE GUEST
Website: https://fearlesskyle.com/
Linkedin: https://www.linkedin.com/in/kyle-stanley-b0a4a487/
Instagram: https://www.instagram.com/fearlesskyle/
Facebook: https://www.facebook.com/kyle.stanley.750
#RealEstateInsights #InvestmentJourney #FearlessInvesting #Airbnb
Mon, 18 Dec 2023 - 49min - 263 - Providing Sub-To & Seller Financing Opportunities with Zeona McIntyre - Episode #260
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Zeona returns to the lab since her appearance in episode #215 where she helped us normalize the 30-Day Stay for your short-term rental strategy as the co-author of the best-selling Bigger Pockets published booked “30-Day Stay”.
However, in this season of her experiments, Zeona is now helping investors like your host Ruben Kanya find creative finance deals to always be buying in an economy with elevated rates. Zeona recently helped Ruben close quickly on a Sub-to deal, furnished property along with a tenant for penny’s on the dollar. Zoena has been focusing on building relationships with owners nationwide and connecting hungry investors still investing with favorable terms on subject to and seller financing deals.
Zeona discusses the intricacies of creative financing, detailing the steps to secure deals that investors can continue to take advantage of in our current market.
Whether you're a seasoned investor or new to real estate, this episode provides a real case study on the deal Zeona helped Ruben close on as well as highlighting the steps on how you can get in on the action too. Tune in for a conversation filled with practicality and expertise from a seasoned investor and realtor in the ever-evolving landscape of real estate investing!
HIGHLIGHTS OF THE EPISODE:
00:54 Zeona talks about how creative financing can be a great way to get a good deal on a property
05:16 Zeona talks about structuring a creative financing deal
KEEPING IT REAL:
00:51 Creative Financing: A Great Deal
05:02 Maximizing Occupancy and Profitability with MTR Insurance
10:00 Professional operator facilitates short-term rental deal
15:02 Revolutionizing of real estate investing
CONNECT WITH THE GUEST
Website: https://www.zeonamcintyre.com/
Linkedin: https://www.linkedin.com/in/zeona-mcintyre/
Instagram: https://www.instagram.com/zeonamcintyre/?hl=en
Facebook: https://www.facebook.com/ZeonaMcIntyreRealEstate/
Youtube: https://www.youtube.com/channel/UChQViQdjrSdFaoZnchKHEMw
Twitter: https://twitter.com/zeonamcintyre?lang=en
Linktree: https://linktr.ee/Zeona
#MidtermRentalInsurance #CreativeFinancing #RealEstateInvesting #InvestingWisdom
Mon, 11 Dec 2023 - 19min - 262 - Mid-Term Rental Record Breaking Contract at 45K/MONTH with Mike Stone - Episode #259
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
In a recent episode of "The Real Estate Experiment," Mike Stone, a former attorney turned Mid-Term Rental Insurance specialist, takes center stage, showcasing a remarkable journey of success in the industry. Stone's recent achievement breaks industry records—a substantial $45,000 per month contract for the next five months, resulting in a net profit of $12,000 monthly. The episode provides invaluable insights for those venturing into the Mid-Term Rental Insurance Niche.
Stone emphasizes the significance of establishing connections with insurance and relocation specialists, highlighting the importance of understanding the specific asset requirements to cater to families in need. He advises potential players to engage in cold calling to introduce themselves as Midterm Rental Housing specialists. Negotiating contracts diligently and ensuring they align with the interests of all parties involved emerges as a critical decision-making factor.
Mike Stone shares his strategy of seeking $2,000 more in net take-home for midterm rentals compared to short-term rentals. Recognizing the importance of education and proximity to industry figures, Stone recommends investing in learning and aligning with experienced professionals.
The episode underscores the role of a podcast as a potent brand-building tool, with Invested Talent positioned to guide individuals in launching podcasts from inception to completion. Mike Stone's success story serves as a testament to the value of hard work and the importance of surrounding oneself with proven mentors in the real estate industry. The overarching message resonates with the essence of an abundance mindset and a willingness to put in the necessary work for sustained success.
HIGHLIGHTS OF THE EPISODE:
00:54 Mike Stone's journey to entrepreneurship.
05:20 Taking a risk in real estate.
10:28 Investing in Education and Coaches.
15:14 Benefits of having a coach.
20:05 Optimizing Airbnb Hosts for Quality Guests.
25:02 Mid-Term Rentals: Tips for Success.
35:06 Short-term vs. Mid-Term Rentals.
40:18 Solving a 12,000 sqft housing problem.
45:05 Negotiating a Luxury Property Rental.
50:07 Hard work pays off.
55:09 Keys to success in business.
1:00:11 Real Estate: The Key to Success.
1:05:02 Benefits of Podcasting for Real Estate Investors.
CONNECT WITH THE GUEST
Website: https://www.strignite.com/
Linkedin: https://www.linkedin.com/in/mikestonegroup/
Instagram: https://www.instagram.com/str_ignite/
Linktree: https://linktr.ee/mikestonegroup #MidtermRentalContract #TipsforSuccess #TakingRisks
Mon, 04 Dec 2023 - 1h 07min - 261 - Mid-Term Rental Insurance Pricing, Branding & Marketing with Ruben Kanya - Episode #258
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Increase Your Chances of Landing MTR Insurance contracts in your market by Joining Our 2-Day Virtual Monthly Mid-Term Rental Insurance Marketing & Optimization Boot camps: https://experimentrealestate.com/mtrbootcamp
In a recent real-life case study shared by Ruben Kanya on “The Real Estate Experiment,” he delves into a competitive scenario where two relocation specialists from the same company vied for a premium temporary housing opportunity. The property, a fully furnished 4-bed, 3-bath home with pet-friendly amenities and utilities included, became a sought-after solution for families facing water damage-related relocations.
Ruben highlights three key elements that played a pivotal role in this scenario:
1. Branding: The power of a positive reputation in the industry became evident as one relocation specialist reached out based on the recommendation from a previously established rapport. Ruben emphasizes the importance of your brand being spoken of positively among professionals in the industry, underscoring the influence of word-of-mouth referrals.
2. Marketing: Ruben shares insightful gems from the relocation specialist’s perspective, focusing on effective email communication. Including a Hot Sheet, mentioning the property’s location in the subject line, and detailing property specifics in the body of the email were identified as strategies to increase visibility during relocation searches.
3. Pricing: The study underscores the critical role of pricing in securing deals. Ruben explores the delicate balance between offering competitive incentives and understanding the budget constraints of relocation specialists. He emphasizes that while a standard rule of thumb often applies, factors like low supply can alter pricing dynamics, prompting relocation companies to consider even unfurnished accommodations.
This case study serves as a practical illustration of the intricate interplay between branding, marketing, and pricing in the competitive landscape of temporary housing. Ruben uses this scenario to underscore the nuanced strategies that can significantly impact success in the mid-term rental insurance niche, teasing the depth of insights participants can expect from his 2-Day Mid-Term Rental Insurance Marketing and Optimization Virtual workshops.
#MTR #Marketing #Branding #PricingMon, 27 Nov 2023 - 30min - 260 - From Financial Struggles to Real Estate Success: Mastering Negotiation with Tom Zeeb - Episode #257
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to this episode. Today, we have the pleasure of diving into the world of real estate and negotiation with Tom Zeeb, President of Traction REIA, Author, Speaker, and Real Estate Entrepreneur.
In this insightful episode, Tom recounts his journey from the brink of financial ruin to thriving success. Following a near-death experience in 2001, he transitioned from a conventional 9-to-5 job to a flourishing career in real estate investing. Facing the challenge of maintaining a successful business while prioritizing family time and vacations, Tom shares his transformative approach to remote operation in the real estate wholesaling business.
Join us as Tom delves into negotiation techniques and the power of Neuro-Linguistic Programming (NLP). He shares practical advice on enhancing negotiation skills for financial gains and discusses his experiences in mid-term rental insurance and various real estate investment strategies. Tom also explores current economic opportunities for traction in the real estate market and emphasizes the art of compounding efforts for maximum rewards.
Whether you're a seasoned investor or just starting, this episode promises valuable insights from Tom Zeeb, a true industry leader. Tune in now for a conversation filled with wisdom and expertise!
HIGHLIGHTS OF THE EPISODE:
07:54 Tom talks about negotiation being both an art and a science
17:01 Tom talks about building rapport to build a level of trust
KEEPING IT REAL:
04:53 Negotiation techniques and NLP
09:50 Negotiation skills for making more money
14:55 Journey to financial freedom
19:59 Journey to success in mid-term rental insurance
24:51 Real Estate Investing: A Community of Like-Minded Individuals
29:50 Real Estate Investment Strategies
34:41 Opportunities for traction in the current economy
39:55 Investing: Compounding Efforts for Maximum Rewards
44:49 Real Estate Marketing Strategies
49:50 Tom's Real Estate Investing Resources
57:43 WE ARE OUT!
CONNECT WITH THE GUEST
Website: https://tractionreia.com/
Linkedin: https://www.linkedin.com/in/thomaszeeb/
Instagram: https://www.instagram.com/tomzeebtraction/
Facebook: https://www.facebook.com/TomZeeb
Twitter: https://twitter.com/tomzeeb
#RealEstateNegotiation #FinancialFreedom #RemoteRealEstateSuccess #InvestingWisdom
Mon, 20 Nov 2023 - 59min - 259 - Mid-Term Rental Insurance Pivot for all Real Estate Investors - Breaking News with Ruben Kanya - Episode #256
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
In an episode of “The Real Estate Experiment,” Ruben Kanya delivers breaking news that ALE Solutions, the nation’s leading temporary housing provider collaborating directly with insurance companies, is expanding its inventory to include non-furnished accommodations. While this development has sparked concern among those who have traditionally operated in the furnished accommodations niche, Ruben sees it as a significant opportunity for property owners with unfurnished properties to enter the mid-term rental insurance niche. In response to this transformative shift, Ruben poses a rhetorical question to his audience: “Will you adequately position your business to take advantage of this?”
Ruben goes on to provide several insightful perspectives on this dynamic industry shift. He encourages property owners to view this expansion as a chance to diversify and adapt to the evolving market landscape. By recognizing the potential for non-furnished accommodations in the mid-term rental insurance niche, Ruben urges his audience to seize this opportunity strategically. Through his nuanced insights, Ruben not only addresses concerns but also empowers property owners to navigate this change with a proactive mindset, positioning their businesses for success in an evolving and expanding market.
#MTR #MTRbreakingnews #MidTermRentals
Mon, 13 Nov 2023 - 24min - 258 - From Professional Home Stager to Acclaimed STR/MTR Designer with Amy Powers - Episode #255
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Welcome to another episode as we explore the fascinating world of real estate and design with the exceptional Amy Powers. Amy, a well-acclaimed STR Designer Industry Disruptor, Author, Speaker, Instructor, and President of IAHSP, has left an indelible mark on the industry.
Her journey began as a professional home stager in 2007, and she later embraced the challenge of Short-Term Rental (STR) design in 2019. Amy's expertise and vision led her to reshape her Atlanta-based staging business, anticipating the surge in demand, especially with the onset of Super Bowl LIII in 2019. She's earned numerous awards and even been nominated for the 2023 Top 100 Most Influential in Real Estate Staging and the Lori Kim Polk Lifetime Achievement Award.
In this episode, Amy covers a wide range of topics, including maximizing short-term rental profits, home staging and digital products, short-term rental design intricacies, furnishing for rental arbitrage, and considerations for short-term vs. mid-term rentals. She also discusses creating practical and comfortable spaces, budget-friendly room updates, and addressing liability in mid-term rentals. Join us as we explore the secrets of successful short-term rental property design guided by Amy Powers' expertise. Don't miss this masterclass in STR and design from a true industry leader. Tune in now!
HIGHLIGHTS OF THE EPISODE:
26:23 Amy talks about helping clients choose furniture for their needs, emphasizing practicality, durability, and comfort.
45:37 Amy talks about updating a room on a budget
KEEPING IT REAL:
03:11 Maximizing profits from short-term rentals
05:00 Home staging and digital products
10:02 Short-term rental design
15:01 Furnishing a property for rental arbitrage
20:01 Furnishing short-term vs mid term rentals
25:01 Furnishing a home for practicality and comfort
30:01 Considerations for Interior Design
35:02 Maximizing Occupancy and Profitability with MTR Insurance Blueprint
40:01 Furniture selection for commercial use
45:01 Updating a Room on a Budget
50:02 Creating a memorable MTR experience
55:00 Liability in mid-term rentals
1:00:01 Designing a successful short-term rental property
1:08:14 WE ARE OUT
CONNECT WITH THE GUEST
Website: https://vacationrentalinabox.com/
Linkedin: https://www.linkedin.com/in/amypowers/
Instagram: https://www.instagram.com/vacationrentalinabox/
Facebook: https://www.facebook.com/VacationRentalinaBox/
Twitter: https://twitter.com/mitchpomeroy?lang=en
#RealEstateDesign #STRInsights #MidTermRentals #InteriorDesign
Mon, 06 Nov 2023 - 1h 09min - 257 - How to Leverage Infinite Banking to Increase Your Cash Flow in Real Estate Investing with Anthony Faso and Cameron Christiansen - Episode #254
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Join us for an enlightening episode with Anthony Faso and Cameron Christiansen, the visionary founders of Infinite Wealth Consultants and dynamic hosts of the Infinite Wealth Podcast.
Anthony's journey from a U.S. Army veteran to a former CPA with significant corporate experience, including a CFO role, and Cameron's entrepreneurial spirit, provide a unique blend of expertise. Inspired by Robert Kiyosaki's "Rich Dad, Poor Dad" principles, Anthony and Cameron guide their clients towards financial independence with a focus on financial wisdom, making sound investment choices, and securing assets that offer certainty, control, and collateral.
In this episode, Anthony and Cameron delve deep into the world of Infinite Banking, shedding light on its key differentiators from traditional life insurance. They discuss the challenges and growth associated with this innovative financial approach, emphasizing the importance of investing based on facts rather than opinions. Explore the possibilities of using Infinite Banking as a retirement strategy and how leveraging whole life insurance policies can lead to long-term financial security.
Our guests also reveal the benefits of maintaining multiple policies within the Infinite Banking framework and how this can contribute to building a trust for long-term wealth. Whether you're a seasoned investor or new to the world of finance, this episode is a must-listen for anyone seeking to gain a deeper understanding of financial strategies that can provide a stable and secure future.
Don't miss this opportunity to learn from Anthony and Cameron as they share their invaluable insights in their signature style. Tune in now for a wealth of knowledge and practical advice on achieving financial independence!
HIGHLIGHTS OF THE EPISODE
16:38 Anthony talks about infinite banking being more of a process
40:35 Cameron talks about the product used in this strategy being a specially designed whole life policy, which has been around for over 150 years
KEEPING IT REAL:
03:36 Infinite Banking Strategy
05:00 Infinite Banking vs. Traditional Life Insurance
10:01 Exploring Infinite Banking
15:03 Challenges of Infinite Banking
20:01 The Growth of Infinite Banking
25:00 Investing with facts, not opinions
30:04 Infinite Banking for Retirement
35:01 Tap into mid-term rental insurance space
40:01 Maximizing Occupancy and Profitability with MTRR Insurance
45:00 Investing with Ruben and his team
50:00 Leveraging a Whole Life Insurance Policy
55:00 Investing in Infinite Banking
1:00:02 Benefits of having multiple policies
1:05:01 Building a trust for long-term wealth
1:10:02 Real Estate Investing Revolutionized by Podcasting
1:14:48 We are OUT!
NOTABLE QUOTE (KEY LESSONS):
16:40 “ infinite banking is more of a process on how you use that product” - Anthony Faso
CONNECT WITH THE GUEST
Anthony Faso
Linkedin: in/anthonyfaso
Cameron Christiansen
Linkedin: in/cameronlchristiansen
Infinite Wealth Consultants
Website: infinitewealthconsultants.com
Instagram: @infinitewealthconsultants
Facebook: /infinitewealthconsultants
Youtube: /Infinite Wealth Consultants
#InfiniteBanking #FinancialWisdom #WealthBuilding #WholeLifeInsurance
Mon, 30 Oct 2023 - 1h 16min - 256 - Creative Financing (Sub-to) and Strategic Scaling with Mitch Pomeroy - Episode #253
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Join us for another insightful episode that was not supposed to be an episode but rather a mastermind that Ruben found so valuable that he asked Mitch for permission to share with his audience.
We delve deep into the world of real estate investment with Mitch Pomeroy, a seasoned Real Estate Investment Owner Principal, Private Placement Equity Manager, and Global Real Estate Advisor. With over 25 years of hands-on experience, Mitch has established himself as a trusted name in the industry, catering to a diverse clientele, from multi-family syndication to Wall Street investors and private equity firms.
Mitch's journey began in the construction business, where he honed essential skills in team management, renovations, and every aspect of the construction trade. In 2006, he embarked on a new path, obtaining his real estate license and officially becoming a real estate agent in January 2007. Today, Mitch is fully immersed in the realm of multi-family apartment syndication and Private Placement Equity Management, leading a dedicated team known for their unwavering work ethic, consistent performance, and transparent communication with investment partners.
In this episode, Mitch shares his invaluable insights and experiences, including strategies for maximizing profits with an 80/20 loan, creative finance techniques such as sub-to, and flipping houses. He also takes you on his real estate journey, from five transactions to a portfolio of over 500 units, and explores the world of investing in apartment complexes. From moving a business to Las Vegas to seizing opportunities in the pre-foreclosure market, Mitch offers practical advice on leveraging various real estate tools and leads.
Learn how to tap into MTR Insurance opportunities, utilize mid-term rentals for short-term gains, and navigate the rental market with a membership model. Mitch delves into the art of raising private money from Baby Boomers, financing house purchases, and maximizing resources with ninja marketing tactics. He also shares his expertise in negotiating packages of multiple homes and leveraging digital marketing for real estate investments.
Don't miss this episode which originally wasn’t supposed to be an episode but was so juicy, Ruben requested for this to be launched to share the insightful wealth of knowledge that Mitch was willing to share with no shortage of enthusiasm.
HIGHLIGHTS OF THE EPISODE:
01:51 Mitch talks about his creative financing business model
32:16 Mitch talks about leveraging VAs
KEEPING IT REAL:
01:04 Real Estate Investment in Sin City
05:01 Maximizing profits with an 80/20 loan
10:00 Flipping Houses and Creative Finance.
15:01 Real Estate Journey: From 5 Transactions to 500 Units
20:01 Investing in an apartment complex
25:00 Moving a business to Las Vegas
30:00 Taking advantage of pre-foreclosure market
35:01 Investing in VA tools and leads
40:00 Successful Real Estate Business
45:00 Exploring MTR Insurance Opportunities
50:01 Leveraging Insurance Mid Term rental space for Short-Term Rentals
55:00 Arbitrage rental market with membership model
1:00:01 Leveraging private money for real estate investments
1:05:00 Raising Private Money from Baby Boomers
1:10:02 Building a strategy for sub-two deals
1:15:01 Financing a House Purchase.
1:20:01 Maximizing resources with ninja marketing tactics
1:25:03 Negotiating a package of 11 homes
1:35:03 Strategies for Investing in Real Estate
1:40:01 Leveraging Digital Marketing for Real Estate Investing
1:43:47 Closing
CONNECT WITH THE GUEST
Linkedin: https://www.linkedin.com/in/thepomeroyteam/
Facebook: https://web.facebook.com/mitch.pomeroy.5/?_rdc=1&_rdr
Twitter: https://twitter.com/mitchpomeroy?lang=en
#RealEstateInvesting #MidTermRental #CreativeFinancing #InvestmentStrategies
Mon, 23 Oct 2023 - 1h 45min - 255 - From Medical Sales to Multifamily Mastery: Bronson Hill's Path to Freedom of Time - Episode #252
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Join our MTR MARKETING & OPTIMIZATION 2-DAY VIRTUAL BOOTCAMP: https://experimentrealestate.com/mtrbootcamp
Join our MTR Insurance Network: https://mtrinsurancenetwork.com/join/
Welcome to another episode featuring Bronson Hill, the Founder and CEO of Bronsonequity.com.
Bronson's inspiring journey began as a medical device consultant, driven by the desire to replace his medical sales income with something more passive, he originally aimed to acquire 30 homes for financial independence, his path evolved after reconnecting with a family member immersed in multifamily apartments.
Today, he takes pride in being a multifamily syndicator and investor in many different asset classes. He also guides others in the pursuit of achieving financial independence.
In this episode, Bronson shares insights on taking action, experimenting for success, and embracing the 'Who Not How' philosophy in investment strategies. He delves into his transition from the corporate world to real estate investing, highlighting the significance of leadership and mindset. Discover how Bronson took risks for financial freedom. Bronson also unveils the world of private equity roll-ups in the car wash industry, shedding light on the benefits of this strategic approach. Don't miss this episode packed with wisdom and strategies for achieving financial independence and thriving in the world of real estate and other asset classes.
HIGHLIGHTS OF THE EPISODE:
25:53 Bronson talks about having freedom of time
33:40 Bronson talks about why you should consider going into multifamily and other assets
KEEPING IT REAL:
03:16 Taking action and experimenting for success
05:00 "Who Not How" and Investing Strategies
10:01 Bronson Hill's journey to success
15:01 Transition from working 9 to 5 to Investing
20:00 The importance of being a leader and having the right mindset
25:01 Taking the Risk for Freedom
30:01 Living life to the fullest
35:00 Private Equity Roll-up in Car Washes
40:01 Benefits of the Roll-up Strategy for Car Washes
41:28 We are OUT
NOTABLE QUOTE (KEY LESSONS):
05:17 “Going 10X in your business or in your life is you've got to let go of who you were or who you are now to become who you're going to be” - Bronson Hill
CONNECT WITH THE GUEST
Website: https://bronsonequity.com/
Linkedin: https://www.linkedin.com/company/bronson-equity/mycompany
Facebook: https://www.facebook.com/BronsonEquity
Youtube: https://www.youtube.com/channel/UCc1KYJL8ZjF3GC3Wh5lYNfg
Instagram: https://www.instagram.com/bronsonequity/
Linktree: https://linktr.ee/bronsonequity
SUBSCRIBE TO OUR CHANNEL FOR MORE INSIGHTFUL CONTENT:
https://www.youtube.com/channel/UCS9oPb6VQiE4gzofIP03exQ
FOLLOW ME ON:
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Linktree: https://linktr.ee/therealestateexperiment
#FinancialIndependence #RealEstateInvesting #InvestmentStrategies #DiversifiedInvestments
Wed, 21 Feb 2024 - 44min - 254 - The Power of Building a Brand & Digital Footprints with Ruben Kanya - Episode #251
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Join our MTR MARKETING & OPTIMIZATION 2-DAY VIRTUAL BOOTCAMP: https://experimentrealestate.com/mtrbootcamp
In this milestone episode of "The Real Estate Experiment," Ruben Kanya expresses his deep pride in his team at InvestedTalent.com for achieving the remarkable feat of producing their 250th episode. Ruben reflects on the transformative power of building a brand and establishing a digital footprint online. He shares the personal journey that led to the creation of Invested Talent agency, initially born out of his need to produce and repurpose content for educational purposes and social media sharing. This venture has not only provided Ruben with valuable knowledge but has also yielded substantial dividends, including real estate deals.
Ruben openly discusses the initial imposter syndrome he experienced when starting his podcast, emphasizing that the discomfort he overcame is the very catalyst that opened doors he never could have imagined. From building a brand that fosters trust to closing deals and gaining access to influential circles, Ruben attests to the profound impact of his podcasting journey. He encourages those who may be facing similar doubts and uncertainties to recognize that what they fear most could be the key to unlocking their greatest opportunities, whether in real estate, careers, or passion projects.
Ruben's message centers on the belief in the "who not how" philosophy, highlighting that breaking into any industry involves leveraging the power of tools like podcasting. He emphasizes that a podcast is an underutilized secret weapon that can significantly propel one's journey. To further empower individuals in their branding and marketing efforts, Ruben announces an upcoming event—a two-day virtual bootcamp focused on branding and MTR (Mid-Term Rental) marketing and optimization. He encourages his audience to participate, as these events provide valuable insights and resources for personal and professional growth. Interested individuals can find more information about this event on his website, experimentrealestate.com.
In this episode, Ruben's passion and dedication to helping others harness the potential of branding and digital presence shine through, offering listeners a motivating and actionable message to seize opportunities and build their own brands from the ground up without having to be the expert but surrounding yourself with them.
SUBSCRIBE TO OUR CHANNEL FOR MORE INSIGHTFUL CONTENT:
https://www.youtube.com/channel/UCS9oPb6VQiE4gzofIP03exQ
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
#brand #digitalfootprint #realestate
Wed, 21 Feb 2024 - 38min - 253 - The Combined 'Sub-to' to Mid-Term Rental Insurance Strategy with Ruben Kanya - Episode #250
Discover How to Triple Your Mid-Term Rental Income: https://experimentrealestate.com/mtr
In this insightful episode titled "The Combined 'Sub-to' to Mid-Term Rental Insurance Strategy," Ruben Kanya, the host of "The Real Estate Experiment," shares a detailed breakdown of a recent deal he successfully closed. He credits this achievement to leveraging a strategy inspired by the renowned Pace Morby, who extensively discusses it in his book "Wealth without Cash." Ruben considers this approach, which combines the Subject-to strategy with the mid-term rental insurance strategy, as one of the best-kept secrets, especially in today's economy marked by high interest rates. He emphasizes that this combination can yield the highest margins and significantly boost cash flow, making it a crucial tool for investors seeking to maximize profitability.
Ruben underscores that in a market where acquiring properties with favorable terms is increasingly challenging, understanding and implementing these strategic experiments can make all the difference for investors. He highlights the importance of education and strategic thinking in real estate ventures, asserting that the ability to effectively combine these two strategies can lead to rapid portfolio growth and financial success. By sharing his experiences and insights, Ruben empowers his audience to experiment wisely and strategically, offering them a valuable resource for achieving exceptional results in the real estate industry.
JOIN OUR MTR INSURANCE NETWORK: https://mtrinsurancenetwork.com/join/
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
WORK WITH ME:
Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call
Website: https://experimentrealestate.com/
#MTR #midterminsurance #strategy
Sun, 04 Aug 2024 - 33min - 252 - Mastering Multifamily: Jason Lee's Experiment as both a Real Estate Broker & Multifamily Investor - Episode #249
Welcome to another episode where we dive deep into the dynamic world of multifamily real estate with a true industry powerhouse, Jason Lee. Jason is the President of JLM Real Estate, and his name carries immense weight in the multifamily real estate realm. With an unwavering commitment to excellence, Jason has become a trusted expert known for his prowess in facilitating property acquisition, sales, and 1031 exchanges. His track record speaks volumes, having successfully represented over 100 investors and masterminded transactions exceeding $250,000,000 in real estate sales throughout San Diego County.
But Jason Lee is more than just a real estate broker; he's a hands-on multifamily investor with a remarkable portfolio. In the past 12 months alone, he's acquired over 15 properties, amassing a substantial portfolio worth over $35,000,000 in San Diego County. His achievements and industry insights have garnered attention, earning him features in prestigious publications like the San Diego Business Journal and Costar. In this episode, Jason delves into the intricacies of real estate investing, emphasizing value-add strategies, maximizing profitability, and navigating the complex world of financing. Whether you're a seasoned investor or just starting in the real estate game, Jason's expertise will provide invaluable insights on leveraging technology, securing loans, and much more. Tune in now and discover how to make smart real estate investments, as Jason Lee shares his wealth of knowledge to help you thrive in this ever-evolving industry. Don't miss out on this opportunity to learn from one of San Diego County's foremost real estate authorities!
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
04:41 Jason talks about the top two ways to exit a property
34:54 Jason talks about what the trading up process looks like
KEEPING IT REAL:
03:25 Real estate investor specializing in the multifamily
04:45 Real Estate Investing: Value Add and Time Frames
09:54 Value-adding vs. Deferred Maintenance
14:57 Maximizing value and profitability in real estate
19:51 Cost-effective renovations for real estate investments
24:53 Securing a loan for a property
29:55 Trading up: Steps and considerations
34:47 1031 Exchange and Real Estate Investing
39:51 Financing a Real Estate Investment
44:51 Leveraging technology and smart locks in real estate investing
51:42 What’s next for Jason
52:38 We are OUT
NOTABLE QUOTE (KEY LESSONS):
“ Your biggest enemy when you trade up is time, because after you close, you have that 45 day window to identify that property.” - Jason Lee
JOIN OUR MTR INSURANCE NETWORK: https://mtrinsurancenetwork.com/join/
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
WORK WITH ME:
Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call
Website: https://experimentrealestate.com/
#Multifamily #1031Exchange #InvestingStrategy #RealEstateInvesting
Wed, 20 Sep 2023 - 55min - 251 - Unlocking Your 10x Potential: Strategies for Exponential Growth and Impactful Transformation with Ruben Kanya - Episode #248
In his live training session at the MTR Wealth Retreat in Park City, Utah, Ruben Kanya, the host of "The Real Estate Experiment," delved into the pivotal concept of unlocking one's 10x potential for exponential growth and impactful transformation in the realm of midterm rental real estate. He emphasized that before implementing any strategies or insights for scaling operations and maximizing revenue with fewer properties, a fundamental shift in mindset is essential. Ruben stressed the importance of embracing a new paradigm, one that opens the mind to possibilities beyond the conventional.
Central to Ruben's training was the idea of recoding one's mental software, or paradigm. He highlighted that genuine quantum leaps in success start at the subconscious level, much like any profound transformation. Ruben underscored the difference between merely acquiring knowledge and integrating it into the subconscious, making it an automatic part of daily habits. He asserted that without this critical step, new information remains inert and unable to drive meaningful change.
Ruben likened a paradigm to a collection of fixed ideas in the subconscious mind, which manifest as habits. He explained that a habit is essentially an idea that expresses itself without conscious thought. Many participants at the retreat experienced a paradigm shift through the training, but Ruben emphasized that, like a muscle, it must be continuously worked on to solidify the transformation. He encouraged his audience to revisit and listen to the training repeatedly, allowing it to become an integral part of their new paradigm for success in the world of midterm rental real estate. This episode serves as a valuable resource for those seeking to unlock their 10x potential and drive exponential growth and impactful transformation in their real estate endeavors.
Join Our Midterm Rental Network: mtrinsurancenetwork.com
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
WORK WITH ME:
Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call
Website: https://experimentrealestate.com/
#mtr #realestate #mtrwealthretreat
Tue, 12 Sep 2023 - 1h 18min - 250 - Midterm Rental Wealth Retreat Recap with Ruben Kanya - Episode #247
In a captivating episode of "The Real Estate Experiment," Ruben Kanya takes his audience on a journey through his recent role as a speaker at the MTR Wealth Retreat, a prestigious event hosted by Dr. Rachel Gainsbrugh. This retreat, co-led by Ruben and his partner Dr. Rachel Gainsbrugh, brought together a community of like-minded investors eager to dive deep into the world of midterm rentals. The central theme of their presentation was a paradigm shift in how investors approach generating more profit with fewer properties.
Ruben's recap of the event begins with a profound insight on the power of "recoding your software," which he aptly describes as one's paradigm. He underscores the importance of not just learning new concepts but embedding them deep within the subconscious, making them an integral part of daily habits. Ruben passionately explains that without this crucial step, new knowledge remains inert, unable to drive transformation in one's actions and results.
Throughout the episode, Ruben offers glimpses into the pivotal role that this paradigm shift played during the MTR Wealth Retreat. He reveals how he introduced this concept as one of the foundational pillars on the very first day for the VIP attendees. Ruben firmly believes that this mental shift is the cornerstone upon which all other strategies and insights can be built, fostering a mindset of adaptability, innovation, and success.
Ruben's recounting of the event is not just an informative recap but also an inspiring call to action for his listeners. He encourages them to embrace the power of recoding their own software, emphasizing that true growth and success in the world of midterm rentals come not just from acquiring knowledge, but from integrating it into one's very being. As he concludes the episode, Ruben leaves his audience with the belief that by making this paradigm shift, they can embark on a journey of profitable, purposeful, and transformative real estate investments.
Register in advance for my next webinar here: https://us02web.zoom.us/webinar/register/WN_j6t6NrMMSO2UcspLKD6N_g#/registration
Join Our Midterm Rental Network: mtrinsurancenetwork.com
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE
FOLLOW ME ON:
Instagram: https://www.instagram.com/therealestateexperiment/
Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr
LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
Linktree: https://linktr.ee/therealestateexperiment
WORK WITH ME:
Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call
Website: https://experimentrealestate.com/
#mtr #realestate #mtrwealthretreat
Tue, 05 Sep 2023 - 37min - 249 - Transformation Through Mentorship: Building Relationships to Learn, Grow, and Thrive in Real Estate with Caleb Johnson - Episode 246
We are back with another episode where we sit down with Caleb Johnson as he talks about mentorship and real estate. Caleb is the founder of Red Sea Capital and the host of the podcast "From Trial to Triumph. Drawn to the potential of real estate to offer financial freedom, Caleb embarked on a journey that saw him evolve from a determined 19-20-year-old seeking to house hack, to the accomplished entrepreneur he is today.
Caleb's passion for real estate led him to connect with a mentor who was already 6-12 months ahead in the same field. Caleb offered his time and dedication in exchange for mentorship. His commitment was proven through reading books and absorbing educational videos, demonstrating his unwavering dedication to growth. Today, Caleb's portfolio boasts a collection of multi-family apartment buildings, reflecting the culmination of his journey. He has also developed a proprietary "secret sauce" that has played a pivotal role in his achievements in the real estate market. He encourages others to take bold action and glean insights from accomplished investors.
In this episode, Caleb talks about real estate and mentorship. Discover how Offering Time to Find a Mentor has been a pivotal step in his journey, propelling him from an aspiring investor to a seasoned entrepreneur. Caleb recounts his realization of the untapped potential within real estate investing. Venturing into the dynamic realm of the commercial real estate space, Caleb opens up about his transition from apartments to partnership – a move that brought a new dimension to his investment strategy. He unveils the strategies he employed in optimizing operational efficiency by finding the right Property Managers. But it's not just about properties; it's about people. Caleb passionately discusses the paramount role of relationships in this industry. From Property Managers and Building Relationships to the wider importance of Connecting with People, Caleb draws on his experiences to underscore the value of genuine connections.
Tune in to this insightful episode to glean invaluable insights from Caleb's journey, and learn how time, mentorship, and fostering meaningful relationships can be the bedrock of success in the dynamic landscape of real estate. Don't miss out on this enlightening conversation!
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
11:13 Caleb talks showing dedication and commitment by offering time
55:31 Caleb encourages people to not isolate themselves and to learn from anyone, regardless of their background.
KEEPING IT REAL:
10:00 Offering Time to Find a Mentor
15:00 Realizing the potential of real estate investing
20:01 Investing in Commercial Real Estate
25:00 Exploring the mid-term rental insurance space*
30:00 Caleb's transition to apartments and partnership game
35:00 Investing in Real Estate
40:01 Finding a property manager for an apartment complex*
45:01 Investing in single family homes/apartments
50:00 Property managers and building relationships
55:00 The importance of connecting with people
59:51 Connecting with Caleb
01:00:32 We are OUT!
NOTABLE QUOTE (KEY LESSONS):
11:02 “Finding someone that is just a little bit ahead of you is gonna get you a lot further and probably save you a lot more money than going to the top dog.” - Caleb Johnson
CONNECTING WITH THE GUEST
Website: https://redseacapitalgroup.com/
Linkedin: https://www.linkedin.com/in/caleb-johnson-7b7300205/
Youtube: https://www.youtube.com/@calebjohnson331
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE
#Commercialrealestate #RealEstateInvesting #Mentorship #PropertyManagers
Mon, 21 Aug 2023 - 1h 02min - 248 - Which Market is the best for Midterm Rentals (Insurance)? with Ruben Kanya - Episode #245
In a captivating episode of "The Real Estate Experiment Show," hosted by Ruben Kanya, a crucial distinction is drawn between those who continuously search for the "best" market to operate midterm rentals with a focus on insurance, and those who have unlocked a key insight. Ruben boldly reveals the answer that countless investors have been tirelessly searching for across the vast expanse of the internet. This revelation centers around the question that often holds back investors from taking the plunge and which frequently leads to analysis paralysis. In this enlightening episode, Ruben adeptly guides listeners towards the answer that holds immense significance for both short-term and midterm rental operators.
Ruben dismantles the notion of the "best" market as a one-size-fits-all solution and unveils the pivotal question that investors should be focusing on instead. He delves into the psychological barriers that this question can erect, leading to hesitation and uncertainty. Through insightful anecdotes and real-world examples, Ruben not only dispels the myth of a universally ideal market but also empowers listeners with a paradigm shift in their approach to market selection.
Drawing from his deep well of experience, Ruben offers practical advice and strategies for investors to overcome the analysis paralysis associated with market selection. He provides a holistic perspective that balances market fundamentals with individual preferences and investment goals. By the episode's conclusion, listeners are armed with a newfound clarity that can propel them towards making informed decisions and taking confident steps in the dynamic world of midterm rentals.
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts #MTR #RealEstate #MTRInsurance
Wed, 16 Aug 2023 - 21min - 246 - From Graphic Designer to Multifamily Syndications with Vlad Arakcheyev - Episode #244
Join us in this episode as we sit down with Vlad Arakcheyev, a dynamic figure in the world of real estate investing. Vlad's journey began as a graphic designer in an advertising agency, finding contentment in his work until the unforeseen impact of the COVID-19 pandemic reshaped his life. Faced with uncertainty and financial challenges, Vlad seized the opportunity for change with the support of his wife, diving headfirst into the real estate world. With over a decade of experience, Vlad is now an active investor, co-sponsor, and JV partner in an impressive portfolio of 500+ multifamily units and land developments, boasting a multimillion-dollar success. His expertise shines in sales, marketing, direct efforts, and the acquisition of distressed and off-market properties. Throughout the episode, Vlad reveals his strategies for successful acquisition negotiations and creative financing. We delve into his inspiring transition from a graphic designer to a thriving real estate agent in New Jersey. Vlad shares valuable insights on the importance of making quick decisions and embracing the right partner's support to flourish in the real estate industry. He opens up about mindset and breaking through limiting beliefs, which propelled him towards his primary focus today: multifamily syndications and GV opportunities. As Vlad navigates us through his journey, he elaborates on the benefits of the Texas market and the significance of building a robust network, seeing competition as potential collaboration partners. Throughout his experiences, one message remains consistent: the power of taking action and embracing the true wealth found in the freedom of time. Don't miss this episode filled with wisdom and actionable advice from a seasoned investor who has discovered the keys to success in real estate. Tune in now to learn from Vlad Arakcheyev's remarkable story and discover how you, too, can create your path to prosperity in the multifamily investing landscape! Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint HIGHLIGHTS OF THE EPISODE: 11:32 Vlad talks about making quick decisions in real estate. 22:22 Vlad talks about the importance of mindset and working on limiting beliefs. KEEPING IT REAL: 04:45 Life before real estate 06:32 Pause and look at multifamily 09:24 Realtor license 11:32 Making quick decisions in real estate 14:18 Having a partner who's supportive and in all alignment 16:43 From flipping to passive income 22:22 Working on mindset and limiting beliefs 26:33 Practicing on other markets 28:25 Insights on Why Texas is a great market 31:16 Finding your market 32:32 No competition only potential partners 39:51 Improving your network through consistency 41:31 Learn sales and marketing 45:45 Explain everything in a simple way 49:19 Educating others to invest 54:08 You need to take action 57:03 True wealth is freedom of time 01:02:22 Deals owned and partnerships 01:05:54 Activities that allow for reading character and building trust 01:07:57 Core competencies partners can rely on 01:15:22 Closing NOTABLE QUOTE (KEY LESSONS): 23:11 “Your mind is the only thing that's limiting you.” - Vlad Arakcheyev CONNECTING WITH THE GUEST Website: https://zontikventures.com/ Linkedin: https://www.linkedin.com/in/vladarakcheyev/ Facebook: https://www.facebook.com/Vlad.Arakcheyev1/ Instagram: https://www.instagram.com/vlad_arakcheyev/ Tiktok: https://www.tiktok.com/@best_apartment_advice Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE #Multifamily #FinancialFreedom #Passiveincome #Realestateinvesting
Mon, 31 Jul 2023 - 1h 19min - 245 - Maximizing Dollars for Insurance Policy Holders in a Trillion Dollar Industry with Public Adjuster Andy Gurczak - Episode #243
Today we bring you Andy Gurczak, founder and CEO of All City Adjusting to walk us through the behind the scenes process of how to get top dollar when filing a claim as policy holder in a trillion dollar industry.
With over a decade of experience, Andy specializes in helping people get what they deserve from their insurance claims. Andy reminds us that the Insurance companies are not your friends and thus, public adjusters are there to represent you the same way you it would be in your best interest to hire a lawyer when going to court or realtor when buying real estate. Working with a professional can assure you have maximum coverage.
This episode is timely as we see a growing niche in the midterm rental space (the way we do so in the lab) it’s critical for us to understand what the insurance adjusters are looking for in a claim that will determine if the claim is approved and if it is approved, how much dollar will be covered on a case by case. A public adjuster helps the policy holder get the top dollar that they deserve which essentially means you as investor get more coverage or as a midterm rental operator can get top dollar for your rentals.
Andy covers the full behind the scene gambit coming from the construction and restoration industry, he found his true calling in public adjusting, thanks to Herb Johnson, a pioneering African American public adjuster.
In this episode, Andy talks about why it's crucial to hire a public adjuster when dealing with insurance claims. He's passionate about advocating for the insured and getting them the most out of their claims. Andy also shares common problems homeowners face with insurance companies and offers useful tips for navigating the claims process successfully.
Additionally, he highlights the value of building strong relationships with insurance agents, restoration companies, and others in the industry. Tune in now for timely advice and insights that we certainly need to know especially for those tapping into the midterm rental insurance industry to help you and your clients get top dollar for their insurance claims.
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
32:48 Andy talks about being cautious with what you say to insurance companies
57:11 Andy talks about calling your Public Adjuster first
KEEPING IT REAL:
04:18 Andy's background
06:16 Introduction to the insurance space
08:35 Helping the insured
15:25 Working with relocation companies
18:59 Do insurance companies talk to homeowners or a
manager that has a large portfolio?
19:44 Why insurance companies say no
27:54 How to get in touch with a public adjuster
29:41 Overturning a denied claim
34:32 Call the public adjuster first
39:23 You must have a public adjuster on your team
41:12 A public adjuster's business model
44:03 What a PA will do for you
48:22 What your PA wants you to stop doing
50:58 Where insurance claims happen the most
54:42 Building relationships with key players in the industry
56:30 Work with a PA, claim more money
01:02:11 We are OUT!
NOTABLE QUOTE (KEY LESSONS):
40:01 “Not having a PA is like not having an attorney” - Andy Gurczak
CONNECTING WITH THE GUEST
Website: http://www.allcityadjusting.com
Linkedin: https://www.linkedin.com/in/andy-gurczak-528b9b64/
Facebook: https://www.facebook.com/allcityadjusting/
#Personaladjuster #Insurance #Claims #RelationShipbuilding
Mon, 24 Jul 2023 - 1h 05min - 244 - CPA turned Commercial Investor: From Helping Investors File Their Tax Returns to Helping Investors Receive High Returns with Stewart Heath - Episode #242
Welcome to another episode where we explore commercial real estate asset classes with Stewart Heath, the CEO of Harvard Grace Capital, a private equity real estate investment firm that focuses on commercial properties in the Tennessee Valley area.
Stewart's journey began as a certified public accountant (CPA), following in the footsteps of his father. However, an epiphany moment made him realize that the traditional accounting model was not the path to building wealth and generating recurring income.
Stewart is currently focused on building wealth and generating steady income through his investment portfolio at Harvard Grace Capital. He is always on the lookout for new opportunities and maintains strong relationships with loyal investors. What sets him apart is his hands-on approach to managing properties, ensuring that he fulfills his promises to investors. Stewart's dedication and industry connections contribute to his ongoing success in the finance world.
In this episode, we'll hear Stewart's story of going from a CPA to a successful real estate investor. He emphasizes the importance of building wealth and earning consistent income through real estate investments. Stewart stresses the need to have capital reserves for long-term financial security. He also talks about the benefits of taking control of investment decisions, vertical integration of property management and focuses on commercial properties like multifamily, storage, office, and industrial assets. He shares insights on the storage industry's demand for storage units and highlights the advantages of investing in medical office buildings and stable industries. Tune in to gain invaluable insights and learn how you can build wealth and secure a prosperous future in the commercial space with strategic real estate investments. Don't miss out!
Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
21:29 Stewart talks about why it’s important to keep making new relationships and maintaining current ones
57:11 Stewart talks about never underestimating the need for capital reserves
KEEPING IT REAL:
06:16 The epiphany moment
09:41 Making a lot of money as a CPA
11:29 Why not build a PWC firm
16:08 Transition to larger deals
18:10 Partnership structure at Harvard Grace Capital
19:33 Structuring a deal
21:25 Building a network and raising capital
28:02 Putting in three x more time on property management
30:38 A focus on commercial real estate
32:27 Automating storage facilities
40:27 Metric that tells where storage is needed
45:14 Other commercial assets
49:41 Mixing different businesses
52:31 Structure when buying a multi tenant building
57:11 Key insight you wish you knew earlier
59:33 Good rule of thumb for net operating income
01:01:04 Closing
NOTABLE QUOTE (KEY LESSONS):
“Whoever your tenants, whatever business your tenant is in, you're in that business as well” - Stewart Heath
CONNECTING WITH THE GUEST
Website: https://harvardgracecapital.com/
Linkedin: https://www.linkedin.com/in/stewartoheath/
https://www.linkedin.com/company/harvard-grace-corporation/
Facebook: https://www.facebook.com/harvardgrace
Youtube: https://www.youtube.com/channel/UCFArB2KXaBlxNJ7LKjP1Qow
#Commercialrealestate #RealEstateInvesting #SelfStorage #WealthBuilding
Mon, 17 Jul 2023 - 1h 10min - 243 - Multifamily Investing with Strategic Partnerships with Will Matheson - Episode #241
It's all about multi-family, money lending in this market cycle and real estate in today’s episode with Will Matheson, a multifamily subject matter expert investor, managing partner and co-founder of Matheson Capital.
Before starting Matheson Capital, Will Matheson and his twin brother Evan were nearing the completion of their Masters in Real Estate Development program at Columbia University in late 2017. During this time, Will worked as a broker at Marcus & Millichap in Raleigh, NC, where he was part of a successful team in the region. They faced a crucial decision: either follow the traditional corporate path or start their own company. Despite having little experience, no proven track record, and limited funds, they took a risk and chose to establish their own company. With their focus on smaller properties that needed improvement and short-term investments, Matheson Capital made several successful acquisitions in the multifamily and student housing sectors over the next five years, amounting to a value of over $100 million.
In this episode, Will Matheson shares valuable insights on various subjects. He discusses the significance of having the right mindset, highlights the best opportunities for lending money, shares his experiences in raising capital and determining interest rates. He also talks about his remarkable achievement of raising $1 million at the age of 23 and emphasizes the importance of building a strong track record through strategic acquisitions. Will delves into the topic of partnerships and attracting new investors, while also explaining how to effectively communicate investment structures. He offers insights on structuring deals for larger projects and explains why opting for a floating interest rate can be advantageous. Additionally, he provides guidance on dealing with distressed deals and shares his exciting plans for the future. If you're into multifamily or real estate you cannot miss this episode. Join us, tune in and gain valuable knowledge and inspiration from Will Matheson's experiences in the real estate industry!Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
23:40 Will talks about starting small and raising money from your closest networks
31:35 Will talks about the timeline for buying and selling small properties efficiently
KEEPING IT REAL:
06:33 The mindset
08:37 Level of foundation at Marcus and Millichap
10:39 Deciding which deals to lend money to
12:50 The process of raising capital and interest rates
18:28 What started the first deal
22:31 Raising a million dollars at 23
26:16 Building a track record and strategic acquisitions
27:48 Partnerships and inviting new investors
31:01 Type of assets bought before
35:34 Growing an asset vs living off of the model
38:03 Communicating the structure to an investor
46:30 Structure for bigger deals
53:10 Financing and where we are now
59:45 Why take a floating rate
01:04:17 What an operator should do with distressed assets
01:06:39 Foot on the gas or brakes and products to look for in the marketplace
01:10:06 Where to take things next
NOTABLE QUOTE (KEY LESSONS):
25:01 “Go to the network that's closest to you when you're starting because it's not that no one wants proof of concept, but the people you're closest to you have the most credibility with, they're gonna wanna see you succeed.” - Will Matheson
CONNECTING WITH THE GUEST
Website: https://www.mathcap.com/
Linkedin: https://www.linkedin.com/in/wlmatheson/
Facebook: https://m.facebook.com/profile.php?id=100075788478531&_rdr #Multifamily #Moneylending #Growth #Shortterminvestments
Mon, 10 Jul 2023 - 1h 19min - 242 - Humanizing Automations with Ruben Kanya - Episode #240
In a thought-provoking episode of "The Real Estate Experiment," host Ruben Kanya dives deep into the significance of striking a balance between automations powered by artificial intelligence (AI) and the human element in real estate ventures. Ruben emphasizes that it's not a matter of choosing one over the other but rather understanding when to leverage both to maximize results in all real estate experiments.
Ruben begins by explaining that while AI and automation can streamline processes and increase efficiency, they should never replace the human touch. He highlights the importance of maintaining a personal connection with clients and tenants, as this human element fosters trust, understanding, and a sense of care that technology alone cannot replicate.To illustrate his point, Ruben provides everyday examples where combining AI with the human element can be immensely valuable. He discusses how implementing automated systems for customer inquiries and support can provide quick and efficient responses, ensuring a seamless experience for potential tenants.
However, Ruben stresses that when it comes to more complex inquiries or issues, a personal touch is essential, such as engaging in live chat conversations or offering personalized assistance to address specific concerns.
Ruben also explores the role of AI in marketing campaigns. He acknowledges that automation can be highly effective in reaching a larger audience, managing advertising campaigns, and analyzing data to optimize marketing strategies. However, Ruben emphasizes that the human touch is critical in crafting compelling narratives, understanding the emotional needs of potential tenants, and building authentic connections through personalized communication.Ruben concludes by highlighting that successful real estate experiments require a harmonious blend of AI automation and the human element. He urges listeners to embrace technological advancements and leverage automation to enhance efficiency and reach, but always with the understanding that the human touch is irreplaceable when it comes to building trust, providing personalized support, and fostering genuine connections.
By striking the right balance between AI and the human element, real estate professionals can create exceptional experiences for their clients and tenants. Ruben's insights serve as a reminder that while technology can undoubtedly enhance operations, the human element remains the cornerstone of successful real estate ventures. Get Your MTR Insurance blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE
#AI #Autimation #HumanTouch
Tue, 27 Jun 2023 - 28min - 241 - Book Direct: Maximizing the Use of AI with Mark Simpson - Episode #239
Mark Simpson has been in the lab with us 3 times now, which is an-all time record for all the guests we’ve had in the lab and there’s a reason for this. Mark is the reason why short term rental operators go from solely depending on Airbnb to flipping their direct booking ratio to become a real business by building true fundamentals that allow you to control your business i.e. think list from the people that come in through your doors night in night out. Mark is the reason why your host truly – Ruben Kanya’s operation has gone from 80% dependent on airbnb to 80% direct bookings in a year, as investedescapes.com is proudly built on boostly.uk.com.
Mark previously appeared in episode #130 and was also in the Nashville Summit recap in episode #227. In each episode Mark always empowers the short term/vacation rental operator next door, giving them the tools to take control of their business by building a real brand to grow your business. In this episode, Mark doesn’t shy from doing this yet again but focuses on the operations side of the business by leveraging AI.
Recognizing the power of AI, Mark emphasizes the need to leverage these resources to continue to build an independent online presence alongside utilizing OTAs. This philosophy underpins the ‘book direct’ movement he’s been on to continue to empower entrepreneurs to take charge of their businesses and secure bookings directly in a more effective way than we’ve ever seen before.
Through Boostly which has now evolved into a software as a service product, Mark is dedicated to equipping property owners and hosts with the knowledge, tools, and strategies to safeguard & explode their businesses. His mission is to foster confidence and guide them towards thriving in the industry by embracing the transformative potential of the booking direct approach and blueprint. If you’ve heard of AI, need a marketing & branding masterclass and an up-to-date market refresh all in one…as a short term/vacation rental operator and/or business owner, you’ll certainly not want to miss this episode.
Join us as we gain valuable insights from Mark Simpson’s knowledge and an in-depth understanding of building up your resources and business with the use of AI.
HIGHLIGHTS OF THE EPISODE:
31:06 Maximizing the use of AI Tools
35:02 A Glimpse of Possibilities
55:10 Applying AI Tools on the Dailies
KEEPING IT REAL:
01:29 Guest Introduction
04:09 Bringing Content Creators Together
09:44 Leveraging AI Tools
18:14 Email is King when it comes to Marketing
22:39 Nurturing a “One-to-Many” Action
31:06 Maximizing the use of AI Tools
35:02 A Glimpse of Possibilities
41:27 More tools for personalized marketing
55:10 Applying AI Tools on the Dailies
NOTABLE QUOTE:
“Email HAS, IS and WILL always be the KING when it comes to marketing.” -Mark Simpson
CONNECTING WITH THE GUEST
Website: https://boostly.co.uk/
Linkedin: https://uk.linkedin.com/in/mrmarksimpson
Instagram: https://www.instagram.com/boostlyuk/?hl=en
Facebook: https://www.facebook.com/BoostlyUk/
Twitter: https://twitter.com/boostlyuk?lang=en Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#LeveragingAItools #personalizedmarketing #ChatGPT
Mon, 19 Jun 2023 - 1h 05min - 240 - Midterm Rentals Insurance: Maximizing Profits & Occupancy with Ruben Kanya - Episode #238
In the latest episode of "The Real Estate Experiment," host Ruben Kanya introduces a groundbreaking model that has propelled his success in the real estate industry. Ruben shares how this model has enabled him to collaborate with the nation's top temporary housing provider, secure significant insurance contracts, and assist displaced families in finding suitable temporary homes. Remarkably, his approach has yielded 100% occupancy rates and four times the profitability of traditional rentals, with a turnover rate ten times lower than that of short-term rentals. Ruben unveils the core principles of this transformative model, which he has encapsulated in the acronym M.M.T.R.R.R. This acronym stands for Marketing, Management, Traction, Reach out, Relationship building, and Repeating. Ruben explains that by mastering these fundamental elements, one can replicate his remarkable results and achieve similar success in the world of midterm rentals. Throughout the episode, Ruben dives deeper into each component of the M.M.T.R.R.R. model, providing practical insights and strategies for implementation. He emphasizes the importance of effective marketing techniques to attract potential tenants and insurance providers, highlighting the power of targeted advertising and strategic partnerships. Ruben then delves into the critical aspect of management, discussing how meticulous attention to detail and a focus on providing exceptional customer service are key to maintaining high occupancy rates and profitable rental properties. Next, Ruben explores the concept of traction, stressing the significance of consistent progress and growth. He emphasizes the need to track key metrics, set measurable goals, and take strategic actions to continually move forward in the real estate business. Additionally, Ruben discusses the vital role of relationship building in establishing long-term partnerships and fostering trust with insurance providers, property owners, and tenants. He shares insights on nurturing connections and cultivating a reputation as a reliable and trustworthy real estate professional. Lastly, Ruben emphasizes the significance of repetition, emphasizing the need to continually refine and improve upon the marketing, management, traction, reach out, and relationship-building strategies. He underscores the importance of consistency and iterative refinement in achieving sustained success. To make it easier for listeners to embark on their own midterm rental journey, Ruben generously offers a free resource available on experimentrealestate.com. This resource serves as a comprehensive guide, equipping aspiring real estate professionals with the tools and knowledge needed to enter and thrive in the lucrative world of midterm rentals. By adopting the M.M.T.R.R.R. model, listeners can follow in Ruben's footsteps, creating their own success stories in the real estate industry. Ruben's partnership with Dr. Rachel Gainsburgh, featured in episode #181, further exemplifies the transformative power of this model, demonstrating how collaboration and shared expertise can lead to even greater achievements. As the episode concludes, Ruben encourages his audience to seize the opportunity to enter the booming midterm rental market, assuring them that with the M.M.T.R.R.R. model, success is within reach. Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#mtr #insurance #profit #occupancy
Tue, 13 Jun 2023 - 46min - 239 - 10X is Easier Than 2x with Ruben Kanya - Episode #237
In a recent episode of "The Real Estate Experiment," host Ruben Kanya delves into his reading of "10x is Easier Than 2x" by Dr. Benjamin Hardy and Dan Sullivan. The book explores the concept of achieving extraordinary results by aiming for a 10x improvement rather than settling for incremental gains. Ruben emphasizes the importance of applying this mindset to his personal endeavors and real estate goals within his own experimental framework.
During the episode, Ruben shares his key takeaways from the book and how they can be implemented to elevate his real estate endeavors. He highlights the notion that the path to achieving 10x results differs significantly from the approach taken for 2x growth. Ruben emphasizes that to attain such remarkable outcomes, it requires an entirely new level of thinking, planning, and execution.
Ruben goes on to discuss specific strategies and mindsets that can be applied to his real estate experiments. He explores the importance of setting audacious goals that stretch beyond conventional limits, pushing himself to think bigger and aim higher. Ruben realizes that by embracing the 10x mentality, he can redefine what is possible in his real estate ventures and surpass his previous limitations.
Moreover, Ruben reflects on the need for relentless focus and discipline to drive 10x results. He acknowledges that achieving extraordinary success demands unwavering commitment, continuous learning, and a willingness to embrace discomfort and uncertainty. Ruben commits to integrating these principles into his real estate experiments, recognizing that they are critical factors for accomplishing significant breakthroughs.
Throughout the episode, Ruben showcases his excitement and determination to apply the insights from "10x is Easier Than 2x" to his own real estate journey. He shares his plans to implement new strategies, collaborate with like-minded individuals, and challenge himself to explore uncharted territories. Ruben concludes the episode by encouraging his audience to adopt the 10x mindset, urging them to experiment, take risks, and pursue exponential growth in their respective endeavors.
With his newfound perspective, Ruben aspires to transform his real estate experiments into extraordinary achievements, embracing the principles of the 10x mindset as he pushes the boundaries of what is possible in his personal and professional life. Will you do the same?
Want to 10x your short term or mid term rental experiments with Ruben? Book a discovery call with Ruben: https://experimentrealestate.com/hospitable-hosts
Get MTR/STR Coaching from me here: https://experimentrealestate.com/hospitable-hosts Join our MTR Insurance Network Here: https://www.shorttermgems.com/MTRInsuranceNetwork Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#shorttermrental #midtermrental #realestate
Mon, 05 Jun 2023 - 45min - 238 - Unlocking Financial & Time Freedom Through Corporate Housing Rental Arbitrage with Dr. Chau Ong - Episode #236
Welcome back to The Lab! In this episode, we have the pleasure of hosting Dr. Chau, a real estate investor, mentor, and a remarkable individual with an inspiring journey. Dr. Chau holds a doctorate in pharmacy and an MBA from the Roseman University of Health Sciences. As an immigrant driven by his determination to pursue education, he has ventured into various businesses, including restaurants, e-commerce, and real estate, all in pursuit of financial independence, time freedom, and the ability to care for his loved ones, especially his mother.
With over a decade of real estate investing experience, Dr. Chau has honed his skills under the mentorship of renowned realtors Tony Robbins and Dean Graziosi. In 2014, he embraced the potential of Airbnb by listing his properties on the platform, and in 2016, he delved into Airbnb arbitrage with a niche layer deeper by sepcializing in corporate rentals. Recognizing the lucrative nature of corporate housing, he transitioned into that space in 2017.
Dr. Chau’s business model is unique as he leases homes, furnishes them to corporations and collects the spread. From insurance companies to IT and construction firms, Dr. Chau has built deep relationships with these corproations providing high cashflow occupancy which has allowed him to scale quickly to replace his job as a pharmacist and then some, ultimately achieving financial freedom and time.
Currently he controls over 30 properties and three multi-family buildings, Dr. Chau has become a respected mentor, guiding aspiring students in the art of corporate housing arbitrage. He not only works with billionaires but also empowers his students to generate significant income for their clients while keeping sight of the bigger picture.
In this insightful episode, Dr. Chau delves into the crucial mindset needed to identify opportunities in the real estate landscape. He shares his expertise on the ever-evolving rental arbitrage space and sheds light on his experience in the corporate housing sector, including the asset classes that companies are actively seeking.
Join us as we gain valuable insights from Dr. Chau's remarkable journey and learn how to approach this real estate niche with a frame to give you the right mindset, adapt to changes in rental arbitrage, and seize opportunities in the thriving corporate housing market.
HIGHLIGHTS OF THE EPISODE:
36:13 Dr Chau talks about his F A S T method for analyzing deals
49:08 Dr Chau talks about what he learned from notable people and mentors in the industry
KEEPING IT REAL:
07:36 The mindset when looking at opportunities
09:20 Finding the right opportunity
12:06 Mistakes that can be avoided
13:53 Drastic changes in the rental arbitrage space
15:47 Relationship or inventory, which one comes first?
18:16 What the portfolio looks like
22:42 Asset class that IT and construction companies want
29:24 List building and book of business
34:26 Building a network
36:10 Blueprint for analyzing deals
39:26 Rent or buy the furniture?
41:43 Margins in the insurance space
43:54 Is real estate still a good vehicle?
46:42 What's next for Dr. Chau
49:07 Best advice from notable mentors
50:21 Connect with Dr Chau
NOTABLE QUOTE:
“Do we need to own any properties? No. We just need to control the property. You don't need to own anything, you just need to control everything.” - Dr. Chau
CONNECTING WITH THE GUEST
Website: https://www.beyondbnbsecrets.com/main-website-optin1669869033088
Linkedin: https://www.linkedin.com/in/drchaubnb/
Instagram: https://www.instagram.com/drchaubnb/?hl=en
Facebook: https://www.facebook.com/beyondbnbsecrets/
Get MTR/STR Coaching from me here: https://experimentrealestate.com/hospitable-hosts
Join our MTR Insurance Network Here: https://www.shorttermgems.com/MTRInsuranceNetwork
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
#MidtermRental #ShortTermRental #CorporateHousing #RentalArbitrage
Mon, 29 May 2023 - 56min - 237 - Streamlining Short Term Rental Operations with AI to Achieve Financial Freedom & Peace of Mind with Jason Reece - Episode #235
Welcome to the lab featuring Jason Reece, an entrepreneur and short term rental investor who utilizes data to validate or disprove any given opportunity or trend. Before entering the short term rental market, Jason had a successful career in the medical device industry. However, after hitting a career plateau and feeling burnt out, he couldn't ignore his entrepreneurial itch any longer. After studying the Airbnb opportunity for five years, he purchased five properties in the booming Nashville market.
Through his innovative approach and the use of Artificial Intelligence and automation tools, Jason's short term rental business has quickly grown to around $500k in projected annual revenue. With these tools, he found a way to streamline his processes and was able to host an estimated 3,000 guests this year while only requiring one hour of active management per week.
Join us in this episode as Jason Reece shares his journey into the short term rental industry, his successful use of data and AI for streamlining operations, and his strategy for finding the right property. Tune in now and learn more about Jason's journey and how to leverage technology and AI in the short term rental industry! Let's Build!
HIGHLIGHTS OF THE EPISODE:
15:01 Jason talks about how STR can be a means to an end that will allow you to do other things
45:05 Jason talks about why he chose Airbnb
KEEPING IT REAL:
13:21 Short term rentals out of passion or as a vehicle
20:39 The road to the first property
26:07 Exit strategy
37:38 Why do the first STR deal
45:05 Chose Airbnb because
49:49 Criteria for finding the right property
58:26 The play
01:00:37 The key takeaway
01:04:04 What's exciting in and out of real estate
01:10:21 AI and tech interests
01:19:41 Projecting out into the universe
01:24:37 Connect with Jason
NOTABLE QUOTE:
“Don't ever buy anything without running the numbers. I did not realize that so many people don't run the numbers and don't make informed decisions.” - Jason Reece
CONNECTING WITH THE GUEST
Instagram: https://www.instagram.com/jwreece/?hl=en
Tiktok: https://www.tiktok.com/@jwreece
Get MTR/STR Coaching from me here: https://experimentrealestate.com/hospitable-hosts
Join our MTR Insurance Network Here: https://www.shorttermgems.com/MTRInsuranceNetwork
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#ShortTermRentals #Entrepreneurship #DataDriven #AIinHospitality
Mon, 22 May 2023 - 1h 34min - 236 - Midterm Rental Summit Recap In the Lab with Ruben Kanya - Episode #234
In this episode of The Real Estate Experiment show, host Ruben Kanya shares valuable inside information that he acquired at the Midterm Rental Summit held in San Diego. The summit, organized by Jesse Vasquez, brought together several leaders in the midterm rental industry, providing a wealth of knowledge and expertise.
Ruben begins by discussing the insights shared by Furnished Finder CEO, Brian Payne. Brian's data sheds light on the supply and demand dynamics associated with midterm rentals nationwide. This information is crucial for anyone looking to venture into the midterm rental market. Understanding the current state of supply and demand can help operators make informed decisions and maximize their rental potential.
Additionally, Ruben delves into the importance of fostering deep relationships with relocation specialists, particularly in the insurance sub-niche of midterm rentals. He emphasizes that his own team at Invested Escapes is focusing on this specific area. By collaborating with relocation specialists, operators can tap into a specialized market and provide tailored solutions to insurance professionals and their clients. Ruben underscores the value of these relationships in expanding the reach and profitability of midterm rentals.Throughout the episode, Ruben shares the key takeaways he gathered from the Midterm Rental Summit, which took place just two weeks ago. His aim is to provide listeners with valuable insights that can significantly reduce the time and effort required to transition from short-term rentals to the untapped space of midterm rentals.
Whether you are an experienced short-term rental operator or someone looking to enter the industry, this episode promises to deliver actionable information that can accelerate your success in the midterm rental market. Get MTR/STR Coaching from me here: https://experimentrealestate.com/hospitable-hosts Join our MTR Insurance Network Here: https://www.shorttermgems.com/MTRInsuranceNetwork Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 #midtermrentals #midtermrentalsummit #realestate
Mon, 15 May 2023 - 21min - 235 - Investing in Luxury Short Term Rentals with Fouad Bazzi - Episode #233
Fouad Bazzi is the Founder and CEO of Crescent Retreats, a Luxury Short Term Rental Brand.
Prior to that, he was a Corporate Banker for 21 years, with the last nine years of that leading a consulting group for Community Banks. Having been a Short Term Rental guest dozens of times, Fouad combined his passion of Entrepreneurship, Real Estate Investing and Travel to launch his company in 2021. Fouad’s Mission is to promote Health, Peace, Love and Travel, and he ensures that all Crescent Retreats have an element of each of these four values.
Fouad is passionate about helping others take control of their own time by way of investing in real estate. He does so through Real Estate partnerships and a mentorship program. He is also a member of three high level Masterminds and is launching his own Mastermind in Detroit to help his community leverage his learnings.
In this episode, we sit down with Fouad as he shares his insights on what luxury means in the short term rental space and how he incorporated the core values of Health, Peace, Love, and Travel to make his luxury brand more personal and cater to the many different ways luxury means to different people. He also discusses the changes he underwent to get into luxury short term rentals and what to expect when entering this space. Lastly he treats us to what's next for Crescent Retreats and the exciting developments on the horizon. Tune in now and Let's Build!
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
13:12 Fouad talks about taking advantage of the research and development done by other thriving businesses
17:12 Fouad talks about how everybody wins in the real estate industry
KEEPING IT REAL:
05:27 Health Peace Love and Travel as core values
08:46 The shift needed to build a luxury brand
11:10 What luxury means
14:54 Designing health peace love and travel
16:38 Core competency that was carried over to the short term
rental industry
20:41 Strategy when raising capital and assets in focus
27:29 Key indicators of market appreciation
37:03 What to expect when getting in the luxury space
39:53 Let's talk about revenue
41:12 Exit or refinance
43:03 What to look for in partners
48:14 The best way to structure LLCs
49:58 What is next for Crescent Retreats?
53:21 How to connect with Fouad
NOTABLE QUOTE (KEY LESSONS):
“When you're in the luxury space, we don't have to figure anything out. There's a Four Seasons or a Ritz Carlton close by. There has to be. So Google it. Figure out how they furnish the local one.” - Fouad Bazzi
CONNECTING WITH THE GUEST
Instagram: https://www.instagram.com/crescentretreats/
Facebook: https://www.facebook.com/crescentretreats/
Linkedin: https://www.linkedin.com/in/fouad-bazzi-4415973/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#shorttermrentals #luxury #FiveStarExperience #corevalues
Tue, 09 May 2023 - 57min - 234 - Proof of Concept (POC) with Ruben Kanya - Episode #232
In the latest episode of The Real Estate Experiment Show, host Ruben Kanya discusses the importance of focusing on proofs of concepts in not just the real estate industry but in overall business. He explains that proofs of concepts can come in two forms: brand new insights we've never heard before or reinforcements of beliefs we already know we need to execute. According to Ruben, experimenting is not about reinventing the wheel or seeking shortcuts, but rather about applying key fundamental principles that have already been successfully executed by those who came before us. He encourages individuals to add their own unique perspective to the table when experimenting built on the foundations of proofs of concepts. Ruben also emphasizes that one's uniqueness as an individual can lead to a successful experiments build on sound proofs of concepts. Overall, this episode provides valuable insights for individuals looking to experiment proven concepts in their respective real estate labs.
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#realestate #proofofconcept #realestateexperiment
Mon, 01 May 2023 - 20min - 233 - Becoming The Key Person Of Influence In Your Industry with Ruben Kanya - Episode #231
In this episode of The Real Estate Experiment, host Ruben Kanya dives into the importance of building a brand and becoming the key person of influence in your industry, whether it be as a realtor, flipper, short-term/midterm rentals operator and/or multifamily investor. Ruben emphasizes that constantly reminding people in your network what you do and strategically networking with thought leaders in the space are crucial components of building your brand. By attending conferences, participating in podcasts, and sharing your experiences, you can demonstrate your dedication and commitment to your industry. Ruben also stresses the importance of giving your audience a direct call to action to let them know how they can work with you or partner with you. Building a brand as the key person of influence is critical for success and fast growth in the real estate industry. Don't take it lightly!
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#influence #keyperson #branding #realestate
Mon, 24 Apr 2023 - 29min - 232 - From The Four Seasons to Building Her Co-Hosting Business with Mercedes Sanchez - Episode #230
Mercedes Sanchez is a highly successful entrepreneur who founded MBX Homes, a unique STR Co-Hosting / Management Company that provides exceptional vacation rental experiences for clients and guests.
With a career that began in the food and beverage department at Four Seasons, she worked her way up the ladder until she was unfortunately let go due to the pandemic. Despite this setback, Mercedes was not deterred. In the same week, she started managing apartment units for her uncle which she converted to Airbnbs.
Today she manages 38 properties and leverages her expertise in short-term rentals to innovate and grow her company. Not only does she specialize in Airbnb Rentals, they also promote their homes for productions and film opportunities on billing per hour rate. Drawing from her experience in high-end hospitality at Four Seasons, she sets up effective systems and solves problems in the industry. In our conversation with her, Mercedes shares her insights on the transition from Four Seasons to co-hosting, building partnerships, nurturing relationships, and implementing effective systems to achieve success in the highly competitive vacation rental industry. Don't miss out on our conversation with Mercedes. If you’d like to hear how you can strategically implement true and tested strategies from the highest end operators in the industry and how it can be implemented in your own co-hosting business — Mercedes is more qualified then anyone to share the insights. Tap in!
HIGHLIGHTS OF THE EPISODE:
11:36 Mercedes talks about making your brand stand out from the competition
34:22 Mercedes talks about seeking help and partnerships
KEEPING IT REAL:
09:05 Insight about hospitality
11:36 What separates the brand from the pack
12:49 Beginnings in food and beverage
16:06 Gaps in the hospitality industry
17:20 Transition from high end hospitality to Airbnb
19:23 MBX homes and what it stands for
23:30 Putting in the work
30:40 The insight that said Airbnb is a good idea
33:09 Taking action and partnerships
36:28 Mercedes' Airbnb model
41:58 Offering different services
45:23 Building relationships
51:32 This MBX Home 'thing'
54:27 Time for building systems
01:03:04 What's next for MBX
01:09:32 Building relationships with production companies
01:11:36 Getting ahold of Mercedes
NOTABLE QUOTE (KEY LESSONS):
“You have to find partners to better your business and better you. And it could be as simple like hiring, even if you have one or two Airbnbs, a partner could be like a great cleaning crew. It does not have to be like a financial partner. It does not have to be like a company like you.” - Mercedes Sanchez
CONNECTING WITH THE GUEST
Website: https://mbxhomes.com/
Instagram: https://www.instagram.com/mbxhomes/
Tiktok: https://www.tiktok.com/@mbxhomes
Youtube: https://www.youtube.com/channel/UCQOrBWTaLoUH5xeA6EGuAXw
Facebook: https://www.facebook.com/MBXHOMES
Linkedin: https://www.linkedin.com/in/mercedes-sanchez-3b8a2464
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#shortermrentals #partnerships #Airbnb #hospitality #cohosting
Mon, 17 Apr 2023 - 1h 15min - 231 - Building Wealth Unconventionally with Vacation Rentals with Shawn Moore - Episode #229
Buckle down Experiment Nation, because we’ve got a treat of an episode for you. Today, we have the one and only Shawn Moore, Founder and CEO of Vodyssey, THE NUMBER ONE vacation rental investing education company in the world. Shawn and his team are dedicated to helping individuals achieve a lifestyle of financial freedom by providing resources and guidance that gets you to the top!
But here’s the kicker - Shawn didn’t start out on top. In fact, he lost everything at one point during 2008, and made an even worse decision before that, selling ALL his 52 single family rental properties. But he bounced back stronger than ever by niching down to short-term rentals, and elevating that further into the global investing education that he has today.
After 22 years in the game, Shawn has been through it all, and he is clearly qualified to talk about the pitfalls, challenges, and the tactics to make it in the real estate investing world. We got into the nitty-gritty of what separates successful people, and how building your self-identity is key to achieving your goals. And that’s just the tip of it, we also dive deep into how his programs educate other investors into really getting started, and narrowing down your goals into a laser-focus precision.
If you believe that vacation rentals are a great vehicle towards financial freedom, this episode with Shawn is the validation (and game plan) you’ve been looking for. Settle in, and get ready to learn from a true practitioner. Watch and listen to Shawn spill all the vacation rental investing knowledge you could ever want, while wearing the coolest cowboy hat to boot. Saddle up and let’s build!
HIGHLIGHTS OF THE EPISODE:
30:18 How to really build wealth
14:52 What separates successful people
KEEPING IT REAL:
2:49 What does Shawn do?
4:07 You're not an investor unless
8:57 From losing it all in 2008 to STR niche
13:10 Marker
14:52 What separates successful people
18:56 If there's something you don't want to do
21:04 Ad
26:54 Building your self-identity
28:24 Do people know how to build wealth
30:18 How to really build wealth
33:25 What is Vodyssey's blueprint
37:19 Leveraging third-party asset management
39:17 Economies of scale with management
42:06 The more clear you are on your goals
45:37 What's next for Vodyssey
47:47 What an owner needs to understand
NOTABLE QUOTE (KEY LESSONS):
“You’re not an investor if you don’t actually own investments.” – Shawn Moore
CONNECT WITH THE GUEST
Website: https://www.lifestyleassetuniversity.com/
Facebook: https://www.facebook.com/vodysseyofficial/
Linkedin: https://www.linkedin.com/in/shawn-moore-393454173
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#vacationrentalinvesting #airbnbinvesting #shorttermrentals #financialfreedom #propertyinvesting
Tue, 11 Apr 2023 - 55min - 230 - Profitable Properties - Airbnb Insider Secrets from managing, living in & working at AIRBNB with Daniel Rusteen - Episode #228
2,000 nights as a guest, six continents, and over a hundred cities, Daniel has been living permanently in Airbnbs for the last seven years. He couldn’t have introduced himself any better but that isn’t even the most interesting part about today’s episode. Like we always say, we love true practitioners here in the lab, and none more verified than Daniel, who’s journey took him from wanting to be the best accountant to building his own consulting firm.
Daniel Rusteen began his CPA Accounting career at Airbnb but it didn’t feel right because to Daniel, if you can’t be the best, then you’re on the wrong path. Airbnb, before its popularity, encouraged their employees to host. Around this time, Daniel had already been hired and fired by Airbnb, and was now at the cusp of being rehired again in a different department. That was when Daniel took on Airbnbs referral program and performed incredibly. It was obvious he could pull it off without working as an employee, so he ditched the CPA life in exchange for the unknown and it paid off! And that isn’t even the most interesting part of this episode!
Daniel breaks it down with us, about how you can optimize your Airbnb, how to look for profitable properties using ‘soft stats’, what makes people stuck, how to get unstuck, and his experience during his time working at Airbnb. A collection of invaluable expertise built through years of experience, that you can only find with guests here at the lab. This episode is a peek into the mind of an expert who’s worked with Airbnb, stays at Airbnbs, and now writes and consults about Airbnb management. It can’t get any better than that.
Oh but it can, because listeners can get an exclusive discount when you purchase his book here https://www.amazon.com/dp/B0BZBS4C4F. Use code LABVERIFIED23 to get your 50% discount. This will only be available for three months, so get yours now and let’s build!
GUEST SUMMARY
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
22:48 How to get unstuck
42:57 There is no go-to thing; just ‘one in a hundred’
KEEPING IT REAL:
03:04 Daniel’s Airbnb story
09:38 Hosting in San Francisco before Airbnb got famous
12:16 Airbnb wanted their employees to host
14:08 Getting fired from Airbnb
17:52 Airbnb hired me back
20:51 Ditching CPA life Airbnb property management
22:48 How to get unstuck
25:15 Going into the unknown
32:03 You don't have to have a hundred properties
37:48 What makes a property profitable
42:57 Optimizing Your Airbnb
49:35 What you should include in your title
51:25 Rapid fire questions
54:12 Giving an extra star for reviews
56:36 The item that is missing the most
58:28 What is next for Daniel
59:41 What is a minimalist travel
1:10:17 Closing
NOTABLE QUOTE (KEY LESSONS):
“You don’t have to have a hundred properties to be a successful Airbnb short-term rental host.” – Daniel Rusteen
CONNECTING WITH THE GUEST
Youtube: https://www.youtube.com/c/OptimizeMyAirbnb
Instagram: https://www.instagram.com/optimizemyairbnb/
Twitter: https://twitter.com/Optimizeairbnb
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 SUBSCRIBE TO OUR CHANNEL FOR MORE INSIGHTFUL CONTENT: https://www.youtube.com/channel/UCS9oPb6VQiE4gzofIP03exQ FOLLOW ME ON: Instagram: https://www.instagram.com/therealestateexperiment/ Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network
#propertymanagement #minimalist #shorttermrental #airbnb #optimizeyourairbnb
Tue, 04 Apr 2023 - 1h 11min - 229 - STR Wealth Conference Recap: Live in Nashville with Natalie Palmer, Wil Slickers, Mark Simpson, Brian Hatcher & Ruben Kanya - Episode #227
This week we took the lab on wheels in Nashville and recorded a live podcast in Nashville TN @Themaddox a.k.a The Creator house to recap some of our collective thoughts post- Short Term Rental Wealth conference hosted by Bill Faeth & Michael Sjogren The session included some thoughts from leaders in our industry: @boostlyuk - the one and only Mark Simpson a.k.a the guy Airbnb doesn't want you to know about, founder of Boostly and mastermind for putting this creator's house together. Helping short-term rental owners get more direct bookings, more of their “should-be” guests, and more time back with their own vacation rental website. @WilSlickers - the MC of the STR Wealth Conference event and founder of Hospitality.FM Hospitality.FM is a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry. @Nataliepalmer - Co-host in STRs and the Co-host of Level Up Your Listing Summitt, A three-day event designed specifically for female rental entrepreneurs and Airbnb hosts. @TheRealEstateHacker - Brian Hatcher a.k.a the Brain is a developer with a specialty in tiny homes and the founder of Elite Escapes, a short term rental travel company of 300+ properties available around the globe. Brian is a serial entrepreneur & investor with a background in accounting, finance, & data consulting. @TheRealEstateExperiment - your host Ruben Kanya and founder of InvestedEscapes.com a B2B furnished accommodation provider for corporations with a speciality in servicing insurance policy holders. Ruben is also the founder of InvestedTalent.com a podcast production and content repurposing agency for real estate investors. This episode is brought to you by InvestedTalent.com KEEPING IT REAL: 01:18 The gang at the Creator House 02:53 Protected assets 03:48 Imposter syndrome 05:45 Engaging and reading the audience 07:35 Mindset: #Dothedishes09:23 Creating a plan 09:54 Entrepreneurs creating jobs 13:55 How Mark runs his operations 15:42 Wil’s brain dumping 16:39 Trust but verify 18:17 Natalie’s calendar 19:45 Brian's accountability calls 20:43 Ruben's notes and looms 25:50 More recap and takeaways 31:38 Implementing your learnings 33:00 Be proactive, not reactive 34:25 Tracking KPIs 36:13 Daily, weekly, monthly goals 37:00 37 touch points 38:39 The Real Estate Robinsons 40:52 Systems and people 41:55 Leveraging your W2 44:52 Thank you! NOTABLE QUOTE (KEY LESSONS): 04:12 “Seeing the wide perspective of all the stories and all the speakers just shows how many different ways there are to do this. There is no starting point.” – Natalie Palmer Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 You can check out more of our content here: https://bit.ly/3h40ykk SUBSCRIBE TO OUR CHANNEL FOR MORE INSIGHTFUL CONTENT: https://www.youtube.com/channel/UCS9oPb6VQiE4gzofIP03exQ FOLLOW ME ON: Instagram: https://www.instagram.com/therealestateexperiment/ Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network Linktree: https://linktr.ee/therealestateexperiment WORK WITH ME: Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call Website: https://experimentrealestate.com/ Thanks for Watching! There’s only one thing left to do, Let’s build!
#STRWealthConference #realestatetrends #FinancialNetworking #IndustryInsights #ProfessionalDevelopment
Tue, 28 Mar 2023 - 47min - 228 - The Power of Investing in Yourself & Networking with Ruben Kanya - Episode #226
In this episode, Ruben discusses the power of investing in oneself and networking to succeed in the real estate industry.
Ruben highlights the importance of attending conferences such as the STR Wealth Conference to meet like-minded individuals who can provide valuable insights and support on your journey. He explains that networking is not just about collecting business cards, but rather about building genuine relationships that can help you grow both personally and professionally.Throughout the episode, Ruben shares tips and strategies on how to network effectively, emphasizing the importance of being authentic, listening actively, and following up with people after the initial connection has been made.
The Real Estate Experiment is a must-watch for anyone looking to learn more about real estate investing and how to build a strong network of like-minded individuals to support them along the way.Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#networking #selfdevelopment #realestate
Mon, 20 Mar 2023 - 22min - 227 - From Multifamily Apartments to Multiple (Boutique) Hotel Owner with Rich Somers - Episode #225
Rich Somers is an active real estate investor and entrepreneur holding a portfolio of real estate valued in excess of $50 Million. Rich hosts a real estate and business podcast, “The Rich Somers Report”, where he interviews top real estate investors, entrepreneurs, and athletes from all over the world. Today, we have him in the lab to ourselves!
A true practitioner, Rich is the CEO and founder of two real estate businesses: Somers Capital and FortuneCribs. Somers Capital is a vertically integrated boutique hotel investment firm, composed of industry-leading executives, while FortuneCribs is a technology & data-driven real estate investment & management firm.
With an in-house property management company and a direct booking platform under his belt, Rich and his firm are able to perform at levels superior to competitors. In this ‘rich’ episode, Somers dives into the world of scaling from short term rentals (single families) to boutique hotels with a unique background having started his portfolio in multifamily. Rob is able to share valuable insights on the differences between underwriting hotels vs. multifamily apartments, including value-add strategies and tech stack implementation to master significant returns for investors.
This episode is an absolute must-watch for short term rental operators looking to level up in a niched opportunity within the short-term rentals/commercial real estate industry. Learn from Rich's rich experience.Tune in now and Let's Build!
HIGHLIGHTS OF THE EPISODE:
07:31Rich talks about scaling STRs and getting into boutique hotels
17:33Rich talks about how underwriters value hotel and multifamily
KEEPING IT REAL:
01:50Context on what Rich does
04:21Social media or first deal, what came first?
07:36Deciding to go bigger
09:43What changed in the multifamily landscape
11:37Can multi family operators run a hybrid?
13:54Do lenders see hybrids as unstable
17:31Underwriting for hotels and multifamily
22:57Rich's Airbnb experience
26:08No money down program
28:20Scaling to boutique hotels
29:43Expenses and money makers in boutique hotels
31:14Value adding for boutique hotels
32:43Returns from Mulifamily vs boutique hotels34:53What's next for Rich Somers
37:37Advice for anyone who's interested in boutique hotels
39:15Loan products for a hotel
43:14Where to connect with Rich
CONNECTING WITH THE GUEST
Website: https://somerscapital.com/
Instagram: https://www.instagram.com/rich_somers/?hl=en
Linktree: https://linktr.ee/richsomers
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#shortermrentals #boutiquehotels #Airbnb #scaling #multifamily
Mon, 13 Mar 2023 - 48min - 226 - Get Out Of Your Own Way with Ruben Kanya - Episode #224
In this episode of "The Real Estate Experiment" podcast, host Ruben Kanya talks about the importance of overcoming self-sabotage to achieve your goals. He stresses the need to remove limiting beliefs and barriers that prevent you from taking action towards your goals. Ruben encourages listeners to ignore the little voice in their head that puts doubt in their heart and instead take action, which will create momentum to move forward.
Ruben also highlights the fact that we often put barriers in front of ourselves before the world does, which can hinder our progress towards achieving our goals. He believes that by recognizing and overcoming these barriers, we can achieve success in any field, including real estate investing.
Throughout the episode, Ruben shares his personal experiences of overcoming self-sabotage and limiting beliefs in his own real estate investing journey. He emphasizes the importance of taking action and not allowing fear and doubt to hold you back.
Ruben concludes the episode by reminding listeners that they are the only ones with the power to let themselves down, and they should not be the ones to do so. He encourages listeners to take action towards their goals, no matter how small, and build momentum from there to stay on track and achieve success.Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#selfsabotage #barriers #goals
Tue, 07 Mar 2023 - 17min - 225 - Applying Advanced CPA Tax Strategies to Your Short Term Rentals with Amanda Han - Episode #223
Amanda Han is a highly accomplished tax strategist and real estate investor, known for her expertise in working with real estate investors to develop tax-saving strategies. With over a decade of experience in the industry, including time with one of the Big Four accounting firms (Deloitte), Amanda brings a unique blend of financial expertise and real-world investing knowledge to her work. She co-founded Keystone CPA with her husband and immediately saw the need for real estate investors and tax savings, so they bridged that gap.
Today, Amanda has helped countless real estate investors navigate the complex world of tax laws and develop strategies to minimize their tax liabilities and maximize their profits.
Amanda's impressive portfolio includes a range of long-term rental properties and real estate syndications (catch that at the end of the episode). She is the co-author of several books related to real estate investing and tax strategies, including "The Book on Tax Strategies for the Savvy Real Estate Investor" and "The Book on Advanced Tax Strategies." Her work has been featured in Forbes, CNBC, and Fox Business, among other media outlets.
Amanda's deep knowledge of tax laws, combined with her practical experience as a real estate investor, make her an invaluable resource for anyone looking to maximize their investment in real estate. Her expertise helps entrepreneurs discover income they didn’t realize was possible with tax savings. Amanda is a true trailblazer, a true expert, and just as passionate as we all are here in the lab. If you're looking to learn from one of the best in the business, Amanda Han is the perfect guide. Let’s build!HIGHLIGHTS OF THE EPISODE:
07:03Amanda talks about translating her big firm CPA experience to regular investors
34:17Amanda talks about how real estate couples can gain extra household income by quitting their jobs?!KEEPING IT REAL:
03:15What does Amand do?
04:50Niching down to real estate
07:03CPA for regular investors
09:58What hold people back from real estate investing
12:20What investors aren’t doing
15:13What investors should be tracking now
19:19Thoughts on building credit
25:15Reps tracker and other tools
26:57Three main tax reduction hurdles
29:28How often do people get audited
32:29Tax strategy case studies
34:17Extra household income
37:13Tax strategy is not sexy but it changes lives38:35What’s next for Amanda Han
40:08Passive investments in syndication
41:15Where to connect with Amanda
CONNECTING WITH THE GUEST
Website: https://www.keystonecpa.com/
Instagram: https://www.instagram.com/amanda_han_cpa/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#taxstrategy #realestateinvesting #taxsavings #CPA #taxdeductions
Mon, 27 Feb 2023 - 44min - 224 - MTR vs STR Smackdown with Ruben Kanya - Episode #222
In this episode, your co-host Ruben Kanya of the MTR vs. STR Smackdown summit recap the event that occured last week featuring some of Experiment Nation's top podcast guests on a panel of top leaders in the short term rental industry who discuss the benefits of a new mid-term rental model that is gaining popularity. This new model is becoming increasingly attractive to investors who own furnished accommodations and are looking for ways to increase their revenue, occupancy, and cash flow.
The panelists include seasoned investors, property managers, and industry experts who have successfully implemented this mid-term rental model in their businesses. They share their experiences, insights, and strategies for how to make this model work for investors of all sizes.
The discussion covers topics such as the ideal length of stay for mid-term rentals, pricing strategies, marketing tactics, and how to manage guest turnover effectively. The panelists also explore the benefits of using technology to streamline the booking process, automate routine tasks, and manage properties remotely.
You can expect to come away with a deeper understanding of this mid-term rental model and how it can help them achieve their financial goals in the short term rental industry. You will also gain insights into the current trends and challenges facing the industry and learn about the innovative solutions that are emerging.
Overall, this podcast episode provides a recap of valuable insights and practical advice for investors who are interested in exploring the mid-term rental model and staying ahead of the competition in the dynamic short term rental industry.
If you haven't already tuned into the Panelist's episode on The Real Estate Experiment Podcast, make sure you do, they are masterclasses of their own:
Why Luxury Rentals are Short Term Rental Gems with Rachel Gainsbrugh Episode #181
Normalizing the “30-day Stay” in your Short Term Rental Business with Zeona McIntyre - Episode #215
Mid-Term Rental B2B Solution: Nursing Contracts & Insurance Policyholders w/ Jesse Vasquez - Ep #208
Furnished Accommodations Across Multiple B2B Verticals with Noble Crawford - Episode #206
MTR vs STR Smackdown Summit: https://www.shorttermgems.com/offers/rzYiQTGM/checkout
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#MTR #STR #smackdown
Tue, 21 Feb 2023 - 33min - 223 - Overnight Success: Getting Paid for Your Pad with Jasper Ribbers - Episode #221
We have a true legend in the lab today! Jasper Ribbers, the founder of Legends X and the mastermind behind the well-renowned podcast "Get Paid for Your Pad," says that the future of short term rental space is branding. With over a decade of experience in the short term rental industry, Ribbers did not hold back with his insights on current trends and the future of vacation rentals.
As the creator of Get Paid for Your Pad, Ribbers has helped shape the industry by providing actionable tips and advice for individuals looking to enter the short term rental market. Through Legends X, he has continued to inspire entrepreneurs to build successful and impactful brands in the hospitality industry. That's because Jasper KNOWS his branding, from his brilliant podcast name, to the new "Free Wild" retreats, to the only kind of "Overnight Success" we believe in. (https://overnightsuccess.io/)
On the episode, Ribbers discussed the impact of technology and tools, the importance of having a clear brand vision, and the future of the STR industry. He also shared his thoughts on how hosts can differentiate themselves in a crowded market and maximize their profits.
If you've always believed that branding in the short term rental industry is a true game changer, this episode is a must listen and Jasper Ribbers is your validation, a titan in the industry with an experiment that became legendary. Let's build!
HIGHLIGHTS OF THE EPISODE:
27:58Diya breaks down what it takes to jump into commercial multi-unit rentals
36:23What high level hotelier analysis looks likeKEEPING IT REAL:
06:12What does Jasper Ribbers do
09:45Mindset of traveling
11:32When to rinse and repeat
13:32Using tools and technology
16:47How to quickly evolve in STR
20:34Building an independent brand
23:19Buying properties overseas
27:55About Legends X mastermind
32:16Week-by-week programs
39:04Attention span and unique experiences
43:14What is next for the STR industry49:53Overnight success brands
51:28What’s next for Jasper Ribbers
54:38Legends X and Free Wyld
NOTABLE QUOTE:
17:48“To be successful in the future of the short term rental space, we’ve got to have a real vision for the brand that we wanna build.” – Jasper Ribbers
CONNECTING WITH THE GUEST
Website: https://getpaidforyourpad.com/
Youtube: https://www.youtube.com/c/GetPaidForYourPadOvernight Success: https://www.overnightsuccess.io/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#shorttermrental #vacationrental #hospitalityindustry #branding #entrepreneurship
Wed, 15 Feb 2023 - 58min - 222 - The Law of Scaling: From Lawyer to STRs to Full-Service Hotels with Diya Lui - Episode #220
Diya Lui is a highly accomplished Harvard-educated lawyer who has made a name for herself in the hotel industry. With years of legal experience, Diya brings a unique combination of legal and technical expertise to the field, allowing her to analyze hotel deals with a level of detail and insight unmatched by others. Her background, which includes engineering, has given her a unique perspective on the business and the ability to identify hidden opportunities, particularly behind old run-down hotel operations. She saw that the industry severely lacked an expert operator with digital marketing and operations savvy, and Diya jumped at that chance right away.
With a portfolio that includes a dozen short term rentals and three hotels, totaling 90 units, Diya has demonstrated her ability to identify and secure lucrative investment opportunities. Diya’s experience is diverse and deep, from short term rentals analysis to full-service hotels, where she specialized in improving old mom and pop operations to modern hotels with impressive margins. Most recently, Diya has added another impressive property to her portfolio, with a 76-unit hotel under contract. She just keeps going!
Diya has built herself a lifestyle of traveling while analyzing hotel deals. Today, she shares her vast knowledge in the hotelier industry, with a level of high analytics and experience that has never been available before. Diya believes that her mastermind will open the opportunity for entrepreneurs to break into the hotel industry without a fancy degree or being born into a luxury hotelier family. She’s exactly the kind of trail-blazing, data-driven practitioner that we love having here in the lab. Experiment Nation, you’re in for a treat! You’ve never seen or heard hotelier and short term rental analysis like this before. Let’s build.HIGHLIGHTS OF THE EPISODE:
27:58Diya breaks down what it takes to jump into commercial multi-unit rentals
36:23What high level hotelier analysis looks likeKEEPING IT REAL:
05:43Diya’s elevator pitch
07:41Analyzing deals and stay-in preference
12:32From lawyering to real estate
17:14Diya’s hotelier zone of genius
22:03How Diya got into STR space
24:05Is STR uptrending right now?
26:41Diya’s property portfolio
27:58Making the jump to multi-unit rentals
33:41Hotel loans and licenses
39:00Hotel loan vs Asset-based commercial loan
41:56Breaking into the hotel niche43:46Hotel franchising mastermind
47:17Multi-family vs Hotels
49:28Profit margins when improving hotel operations
54:25$650k to $1.2M in under a year
01:01:09Exit vs acquisition
01:07:07Diya’s BIG vision
01:09:42Where to find DiyaNOTABLE QUOTE:
46:04“You have to have worked your way up or you’re born into being a hotelier which is why I am trying to revolutionize this industry. – Diya Lui
CONNECTING WITH THE GUEST
Website: https://diyaliu.com/
Instagram: https://www.instagram.com/diyaesq/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
#str #hospitality #fullservicehotel
Tue, 07 Feb 2023 - 1h 12min - 221 - Building A Lifestyle That Gives You Freedom through Mid-Term Rentals with Sarah Weaver - Episode #219
Sarah Weaver is a multi-faceted professional known for her expertise in coaching, public speaking, real estate investing, and writing. She is the author of the bestselling book "30 Day Stay" published by Biggerpockets Publishing, which shares her insights on how to succeed in real estate investing. With her extensive experience in the industry, Sarah has become a sought-after speaker, delivering inspiring and informative presentations to audiences around the world. She is also a highly-regarded coach, helping individuals & agents reach their full potential and achieve their goals.
For Sarah, it all started with knowing exactly the kind of life she wants, and that was a lifestyle of traveling the globe. Once Sarah committed fully into real estate investing, she managed to achieve tremendous success in a short period of time. In just 90 days, she grew her portfolio from 3 to 15 units across four states, showcasing her exceptional skills in acquiring and managing properties. She is particularly skilled in utilizing a combination of short-term and medium-term rental strategies to maximize her returns, including self-managing nine furnished rentals.
In this episode, Sarah shares how she utilized the Medium-Term Rental Strategy to achieve financial freedom. By carefully selecting properties and managing them effectively, she has been able to generate significant returns and build a successful real estate portfolio. With her dedication and expertise, Sarah has proven that the Medium-Term Rental Strategy can be a powerful tool for achieving financial independence. Her story is an inspiration to anyone seeking to build wealth through real estate investment. Experiment Nation, if you’re looking to attain financial freedom in a short amount of time, you don’t want to miss this episode.
HIGHLIGHTS OF THE EPISODE:
38:25What is midterm rental and why
43:33The epicness behind Invested Adventures
KEEPING IT REAL:
06:13Sarah’s entrepreneur family
07:39What started first for Sarah
10:28Being an agent
12:28Sarah’s journey into real estate
15:58Midterm rentals with travel lifestyle
23:01Understanding the rules behind mortgages
26:22Getting stuck during the pandemic
28:35How do you make decisions
36:54How to think about Midterm rentals
38:25What is midterm rental and why
39:35Getting midterm stay guests to extend
43:33What’s next for Sarah and Invested Adventures
47:43Advice from SarahNOTABLE QUOTE:
“You are never gonna feel ready, so just jump..” – Sarah Weaver
CONNECT WITH THE GUEST
Website: https://www.sarahdweaver.com/trips
LinkedIn: https://www.linkedin.com/in/sarahdweaver/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#investedadventures #travellifestyle #midtermrental #airbnb #furnishfinder #luxurytravel #epicadventures #safaritours
Mon, 30 Jan 2023 - 50min - 220 - Equipping your Short Term Rentals with Sellable Products within the Home with Marc Hostovsky - Episode #218
Minoan is at the frontier of a new shopping experience they call “Native Retail.” At the forefront of this retail concept is founder Marc Hostovsky who leads an incredible team that is pushing the boundaries and shaping the future of what the retail experience will look like.
We are more likely to purchase a product that we have experienced “in the wild” ourselves from sleeping on a good pillow, linen, mattress, to riding a Peloton bike. Marc and his team believes that these moments in retail are a powerful driver for customers to purchase and they’ve successfully built a market around these experiences.
Short term & vacation rentals are the perfect space for the customer to experience branded products that have both functionality & enhanced their user experience. Minoan and Marc have simplified this experience with a simple shoppable system that allows you to order anything seamlessly by scanning a code. This means additional profits for the host, and a step closer to changing the perspective of how retail should view hosts as marketing partners. Hosts not only provide the space but allow for these rich, sensory retail moments that can only be duplicated in the short term rental industry.
Marc uncovers every facet of this retail innovation at Minoan and its potentials from the B2B market, their future marketing goals, native retail moments, to their core values & business principles. Marc and the team at Minoan are introducing the idea of hosts as “four-walled influencers” for brands, while Minoan provides a curated experience that bridges together the hosts and brands into the makings of the future of digital retail not just in real estate but for shopping all over. It’s an incredibly riveting and informative episode, exactly the type of data-driven, revolutionizing innovations that defines our love for experiments here in the lab.HIGHLIGHTS OF THE EPISODE:
25:48Madison started her company when she was 12
45:36The story behind Mount’s name and logo
KEEPING IT REAL:
05:10E-commerce for short term rentals
07:26Four-walled influencers
13:04Getting started with Minoan
14:50The B2B Market
19:21Top items being sold
21:42Native retail
27:13Future marketing goals
30:26Minoans front end simplicity
30:02Focus on the team
34:48Once true in business but no longer
37:40Seed round funding
40:17Raising VC money with Excel
43:29Billions of body bags
45:37Retail moments in short term rentals49:41Minoan user experience
52:45Curating the best products for each space54:58The value of consumer data
58:27https://www.minoanexperience.com/
CONNECT WITH THE GUEST
Website: https://www.minoanexperience.com/
LinkedIn:https://www.linkedin.com/company/minoan
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprintGet coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#nativeretail #ecommerce #shorttermrental #airbnb
Mon, 23 Jan 2023 - 1h 01min - 219 - More Profits from Upselling your Amenities in your Short Term Rentals with Madison Rifkin - Episode #217
Madison is a startup genius, born and raised in a family of entrepreneurs and a third to triplets. So already this is going to be three times more interesting because of her background on tech startups and how she’s transitioned that experience into the short term rental industry, as the founder of Mount. A company she essentially started when she was only 12 years old. At just 25 years old today she is the CEO of a company that is revolutionizing the way we look at our amenities as income producing opportunities in your short term rentals.
Madison runs a successful model that opens up additional revenue for hosts by including additional rental amenities that would have otherwise been overlooked. These are anything from propane tanks, to firewood, to surfboards, to their most popular (by far) electric bikes. That last amenity, in a way, is where Madison’s path to the real estate industry began because she also created a startup renting out scooters.From Madison’s grandfather, who built businesses in the 1950s, to her grandma’s cooking school, her aunts and uncles’ purse company, to even now her cousin’s restaurants, it’s clear to see that entrepreneurship runs in their blood. Evident in Madison creating her own bike lock when she was twelve years old that set her on an early path to building a business mind. Today, she tells a story about her father coaching their triplet trio in a soccer game and how they’d just connect like that innately
Madison’s background is just as interesting and inspiring as her achievements. And in the lab, we have a feeling that she is just getting started.
GUEST SUMMARY
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
HIGHLIGHTS OF THE EPISODE:
25:48Madison started her company when she was 12
45:36The story behind Mount’s name and logo
KEEPING IT REAL:
04:44What do you do for a living
06:08Leveraging more rental amenities
07:31Who is it for and not for
13:22Defining the line of guest convenience
16:44How rental amenity works
18:56Fees structure
25:48A family of entrepreneurs
31:08The triplets
35:52Sports and entrepreneurship
41:14Key takeaways from running a business
45:36The story behind Mount’s name and logo
48:01How to get started with Mount
51:20About Insurance on amenitiesNOTABLE QUOTE:
31:17“I look at failure as a success because it means you tried something that didn't work and you've narrowed down the list from a hundred to 99” – Madison Rifkin
CONNECT WITH THE GUEST
Website: https://www.rentmount.com/
LinkedIn: https://www.linkedin.com/in/madison-rifkin-23037712a/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
#rentalamenities #amenities #rental #airbnb
Sun, 15 Jan 2023 - 1h 00min - 218 - Intentional Designing for your Vacation Rentals with Somerled Designs - Episode #216
I have two practitioners today in the lab and they come in with a craft, purpose and partnership. The core pillars when experimenting in vacation home rentals. We use the word practitioners intentionally because we believe in doing the actual work and then offering it as a service. It means they understand the industry deeply having gone through it themselves, starting outside their comfort zones and pushing past their fears.
For both of them, it all started with design. Jordan McDonough and Bri West have been in business offering design for other people's short-term rentals for only six months and they've been crushing it. Jordan is your creative design guru, whose design vision is always aligned with that of Bri, who on the other hand is your ambitious marketer and consultant. Together they partnered to catapult Somerled Designs into what it looks like from the outside, an overnight success. However their key ingredients is their ability to both have a deep foundational expertise of what they do and a partner ship that compliments one another beautifully.
We talk about all the challenges in between and more, from their friendship, design philosophy, sales and all the wallpapers they covered in order to get here. They're going to give us a masterclass on what they've mastered and are continuing to master. They have such a hybrid operation from analyzing to designing, there's a lot there and we’re going to pick their brains today.This talk has been long overdue and we’re thrilled glad that we finally got a chance to talk about their background and combining their unique geniuses. These two rock stars have truly carved out their niche, marrying together design intuition and deep market research. Their combo and having that design touch is what truly turned this experiment into a huge success.
HIGHLIGHTS OF THE EPISODE:
19:59What it’s like working with Somerled
35:53Somerled’s Design Philosophy
48:42The balancing act of Market Research
KEEPING IT REAL:
04:25Jordan and Brie
06:48Interior design for STR
10:54How it started
12:29Jordan’s strengths
13:42Brie’s superpowers
14:48Complementing weaknesses
16:20The mind of a designer
18:41It’s all about reps
21:53The full package service
23:58Do not cheap out on this
27:00Budget design range
30:02Contractors to design
35:00What’s your favorite piece?
40:44Are wallpapers a must?
44:20Biggest downfall of this industry48:42Market research advice
50:44When do you go all in?
52:52Thinking like a business owner
51:11Biggest measure of success
58:54Top 3 Favorite Markets
CONNECT WITH THE GUEST
Website: https://www.somerleddesigns.com/
Instagram: https://www.instagram.com/somerled.designs/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
#vacationrentals #rentaldesigns #airbnb #str
Mon, 09 Jan 2023 - 1h 02min - 217 - Normalizing the “30-day Stay” in your Short Term Rental Business with Zeona McIntyre - Episode #215
Zeona is a true real estate experimenter and a skilled investor who’s walked the walk, AND talked the talk. She is the co-host of the INVEST2FI Podcast and the co-author of the “30-day Stay”, which is all about mastering the medium term rental industry.
Zeona has hands-on experience in many aspects of real investing, from arbitrage to buy-and-furnish. It all started when Zeona's best friend rented his place out on Airbnb. Fast forward to a decade later, Zeona has been an Airbnb host since 2012. After ten years of being a short-term rental property manager and consultant, she has transitioned to selling real estate to investors who are looking to house hack or live for free. She is an avid real estate investor who owns and manages a double-digit portfolio, and she teaches listeners how to achieve financial freedom through real estate on her podcast, Invest2FI. She has been featured on BiggerPockets, Mr. Money Mustache, NPR, and has been a guest on more than fifty podcasts. Zeona has been to 47 countries--she spends half the year in Boulder, Colorado and the other half traveling the world as an international pet and house sitter.But her first foray particularly in medium term rentals started during the pandemic. Or rather, COVID lockdowns forced her to rethink her strategy and found that medium term rentals are overlooked but very viable.
If you’re a regular listener, you’ll know how much we’ve been loving midterm term rentals recently. This makes this particular episode a special one as we’ve been geeking out over Zeona’s book latest book 30 day stay published by Bigger Pockets! Long overdue we finally got her in the lab!
We cover a lot of ground from niching down to medium term rentals, to using Furnished Finder, and why Zeona believes midterm rentals can strategically work in any property asset. It’s an incredible valuable perspective that really reflects the skills and insight of a seasoned real estate investor like Zeona.
Dive into midterm rentals with Zeona and discover how this could be the key to profitability as a short term rental owner & operator, because remember, you’re always just one experiment away!HIGHLIGHTS OF THE EPISODE:
06:33How Zeono Got Into Mid-Term Rentals
27:15How to build your MTR operations
KEEPING IT REAL:
04:05Introduction
05:26About Zeona McIntyre06:34Niching down to MTR
09:14Problem solving or passion
12:45Co-hosting and financial freedom
18:35Why go into Midterm rentals?
23:19Furnished Finder
27:15Automating your MTR operations
30:56Walking the properties
33:23Couch surfing and trust
35:03MTR works in any asset
37:49House hacking
40:58Adding a kitchen
42:39Single of multifamily
46:18Portfolio building from Zeona
48:34What’s next for ZeonaNOTABLE QUOTE:
49:21“MTR (Midterm Rental) can work in any asset” – Zeona McIntyre
CONNECTING WITH THE GUEST
Website: https://www.zeonamcintyre.com/
LinkedIn: https://www.linkedin.com/in/zeona-mcintyre/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
#midterm #rental #airbnb
Mon, 02 Jan 2023 - 51min - 216 - Recovering Investment Banker to Strategic Short Term Rental Owner & Operator with Michael Chang - Episode #214
Michael Chang is a recovering investment banker, now turned high scale short term rental owner and operator as co-founder of TrustBNB Vacation Rentals. Mike got his MBA from Cornell in 2009, and spent a decade on wall street as an investment banker. While the pay was great – what he now calls the golden handcuffs, he got over the lifestyle overtime. Today, he reflects that he should have left in half the time to build the lifestyle business & empire he and his wife Liz built today. Mike perspective in our short term rental industry is unique coming from an individual who is all about numbers, knows his numbers very accurately, and shares with us exactly how he tackles the goals that got him & his wife to $7M+ owned in Airbnb real estate.
Mike immigrated with his family from Taiwan when he was four years old. And the one constant in his life has always been work ethic. This same work ethic he saw from his mother helped him achieve a successful career in mergers & acquisition investment banking with over $40B closed in deals.He then took this knowledge and applied it to a blend of full owning his short term rentals with a combination of rental arbitrage in volume in buildings with proximity to the city. He resides in New York with his wife and daughter and their portfolio expands from Philadelphia, PA.
Fun fact, Mike & Ruben worked at the same investment bank at some point (Jefferies) and both reside in New York city, during this episode they both geek out in the lab with love of short term rental real estate. If you love the gritty details and mindset that it takes to succeed in this industry from someone who’s walked the walk successfully in one of the most respectable industries as an investment banker to a successful transition into short term rentals – you need to listen to this episode. This is one of those gems of an episode that really goes into the granular actionable steps with a touch of serendipity, as Mike happens to share the same values of experiment nation. Experiment. Fail. Learn. Repeat. Enjoy!
HIGHLIGHTS OF THE EPISODE:
17:34How Michael Got Into Short-Term Rentals
27:49How much investment banker makes vs rental host
40:58How to think for yourselfKEEPING IT REAL:
04:05Introduction
06:12The recovering investment banker13:59Changes from investment banking
17:34A taste of short term rental
21:07Life doesn’t start until..
24:21What game are you playing?
27:49Investment banker vs rental host
31:31Arbitrage numbers
33:06Location criterias
36:05Who are the travelers to target
37:45How to avoid bad guests
38:26How to price the highest
40:58Every business has a mote
43:49The biggest misconception of STR
46:11Airbnb inspiration for all
47:52Taking advantage of opportunities51:07Starting out in rental arbitrage
55:11Always think of win-wins
56:35Laser focus on numbers
1:01:26What is next?
CONNECTING WITH THE GUEST:
LinkedIn: https://www.linkedin.com/in/michaelhchang/
Instagram: https://www.instagram.com/michaelchangbnb/
Tiktok: https://www.tiktok.com/@michaelchangbnb
#investment #banking #rentalarbitrage
Mon, 26 Dec 2022 - 1h 07min - 215 - Cash Flow Based Financing For Your Short/Long Term Rental: Properties, Co-Host & Arbitrage Business with Derrick Barker - Episode #213
Derrick's story started like many investors but took a very unconventional route creating a very unconventional real estate financing company.
Derrick started flipping units out of state with other people’s money with his partners who were also college friends at Harvard based out of Boston. They did this all out of state, hitting the ground running. The other people’s money that they used came from levering the money of their Harvard network to invest in Atlanta. They began scaling their portfolio with quadruplexes, condos, and flipping those too.
After graduating and experiencing the Wall Street experience at Goldman Sachs as a trader, Derrick was taken aback by the speed at which these corporations are able to get access to capital. While he continue to scale his real estate portfolio, he and his partners took on the opportunity of getting quicker financing for real estate deals.
Derrick as co-founder of Nectar took on the challenge of helping investors get fast, flexible, non-debt financing that they need to scale their rental portfolio — without raising equity. Nectar wants to address the amount of time it takes to get financing for real estate across the board: whether it be for a flip, multifamily, long-term rental, or short-term rental without needing to give up equity with partners and/or paying the highest rates to get access to capital quickly. There was an opportunity to make a change in the way the real estate industry gets financing. Derrick speaks from experience as he and his wife Brittany who he also met at Harvard built a $400 million real estate portfolio.
Nectar believes that real estate entrepreneurs deserve to keep their upside and Nectar can help them do this by simply looking at your net cash flow as long-term investor, multifamily, short-term rental investor, and even as a property management owner – the cashflow that your portfolio generates is used as a multiple that Nectar can use to calculate a cash advance to buy your next deal or even furnish & redesign your existing short term rentals. The opportunities on how you used your cash advance are up to you.
Step into the lab with Derrick to see how his unconventional journey as an entrepreneur and real estate investor can help you with unconventional financing that most investors next door are not using without giving up any equity.
HIGHLIGHTS OF THE EPISODE:
22:19How Derrick Got Into Short-Term Rentals
24:49How Derrick’s Business Transitioned
30:13Who Nectar Is Built ForKEEPING IT REAL:
04:07Introduction
10:29Why Nectar Started16:02Affordable Considerations When Buying Properties
16:30Kinds of Properties Derrick Was Buying
20:10The Power of Networking
27:45The Opportunity to Value Add
36:07The Basis for the Amount of Financing
40:12What Makes Nectar a Better “Tool”?
43:16Opportunity to Arbitrage
45:08Traditional Lending
48:16The Limit on Money Usage
52:03Closing
NOTABLE QUOTE (KEY LESSONS):
51:44“...Doing things small is gonna be hard, and doing things big is gonna be hard. So, just be okay with the journey…” – Derrick Barker
CONNECT WITH THE GUEST
Website: https://www.usenectar.com/
LinkedIn: https://www.linkedin.com/in/derrick-barker-3b1590a/
#moneylending #valueadd #financing
Mon, 19 Dec 2022 - 56min - 214 - Sourcing Quality Furniture for your Short Term Rentals with Jeffrey Ilouilan - Episode # 212
The short-term rental industry is a niched real estate industry of its own, and Jeffrey Ilouilan started to solve his own problems as a short term rental host trying to source quality furniture for his multiple units as a short term rental arbitrage operator. During his time he launched multiple units that ranged from luxury homes and apartment buildings.
Jeffrey Ilouilan, then Co-Founded HostGPO which is a furnished buying group for short-term rental operators.
In this episode, learn how you can source quality furniture for all your short term rentals via group that has already sourced all the supply chain management headaches and logistics for you. HostGPO is able to source the best prices in the industry from of the best well known furniture companies in the industry. Before you launch your next short term rental , become a member of the Host GPO group, you’ll see why in this episode.
HIGHLIGHTS OF THE EPISODE:
12:04Being Outside Your Comfort Zone
18:25Tackling Business OpportunitiesKEEPING IT REAL:
04:06Introduction
08:03Why Arbitrage and Not Ownership?16:08Vacation Rental Specific Problem Solving Companies
22:21Timing Considerations
25:18Proof of Concept
35:45Free Shipping
40:54Working With Local Designers
52:32The Win-Win Situation
58:11Closing
NOTABLE QUOTE (KEY LESSONS):
12:04“...Be outside your comfort zone because your comfort zone becomes bigger…” – Jeffrey Ilouilan
CONNECT WITH THE GUEST
Website: https://hostgpo.com/
Twitter: https://twitter.com/HostGPO?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Instagram: https://www.instagram.com/hostgpo/?hl=en
Facebook: https://www.facebook.com/hostgpo/
LinkedIn: https://www.linkedin.com/company/hostgpo/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Instagram: https://www.instagram.com/therealestateexperiment/?hl=en
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#valueadd #vacationrental #problemsolving
Mon, 12 Dec 2022 - 1h 06min - 213 - Airbnb Simplified: Scaling into Lean ApartHotels with Dave Goodfellow - Episode #211
The short-term rental industry is a niched real estate industry of its own, and Dave Goodfellow was able to scale his operations within a unique niche of what he calls ApartHotels — giving him the most cash flow through a lean repeatable model.
An Aparthotel is a concept of building multiple units under a single roof. Dave began his short-term rental experiments first off in the rental arbitrage arena to then scale into ApartHotels. Today, Dave and his team target rundown hotels, remove all the operational hospitality space (i.e. restaurants, etc) or what Dave calls operational headaches, and repurposes it into a rentable place for guests to maximize.
Dave Goodfellow of Ikonic Training is an active property investor for more than ten years with a background in sales operations. He has driven the front of their serviced accommodation business in multiple locations in less than two years using these mixed strategies.
In this episode, we learn that not all real estate is created equal. There always has to be a value add component. You might be buying a property that's neglected, but it has reasonable bones in it. Buying a property can either mean cash flow (rents) or capital growth (sale price).
As the soon-to-be author of the book Airbnb Simplified, Dave shows us how you can simplify your short-term rental strategy by executing your experiments in a very lean way in ApartHotels.
HIGHLIGHTS OF THE EPISODE:
06:15How to Make Committed Decisions
10:48Misconceptions Between Short-Term Rentals and AirBnb’sKEEPING IT REAL:
04:05Introduction
14:37How Dave Came Across AirBnb20:49What’s an ApartHotel?
30:37Short-Term Rentals’ Biggest Misconceptions
33:52How to Keep Your Properties Filled
37:43Book: AirBnb Simplified
38:33Service Accommodation Roadmap
44:34Dave’s Vision
49:46Closing
NOTABLE QUOTE (KEY LESSONS):
36:33“...Business is not difficult. It’s only people that make it difficult…” – Dave Goodfellow
CONNECTING WITH THE GUEST
Instagram: https://www.instagram.com/davegoodfellowofficial/
Facebook: https://www.facebook.com/dave.ikonic.7/
Twitter: https://twitter.com/IkonicProperty
Linktree: https://linktr.ee/davegoodfellow
LinkedIn: https://www.linkedin.com/in/davejamesgoodfellow/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Instagram: https://www.instagram.com/therealestateexperiment/?hl=en
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#serviceaccommodation #operationalspaces #aparthotels
Tue, 06 Dec 2022 - 54min - 212 - Short-Term Rental Interior Design & Marketing with Tatianna Taylor-Tait - Episode #210
Entrepreneurs are the true creators of new products, services and business models — and Tatianna Taylor-Tait has done just that in the niche of interior and furnishing properties, including private room rentals. Tatianna found a way to use her interior designing background to help her break into the short-term rental industry, which has become a huge asset for her services. But she not only does it for clients, she’s walked the walk as an airbnb host herself. As a matter of fact, she discovered the airbnb world hosting her apartment while she traveled overseas in the very beginning of her journey.
Today, Tatianna is an award-winning designer and marketing specialist based in Vancouver, British Columbia. With extensive experience in both interior design and real estate, Tatianna has worked with clients all over the world, sharing her knowledge and skills to help them increase their Airbnb profits and short-term rental returns. With over 8+ years of experience in short term rentals, design and marketing, Tatianna offers a package to clients that focuses not only on simply providing an Airbnb, but one that is steeped in class and elegance.
She is recognized for demonstrating a natural aptitude for campaign strategy development, as well as for going above and beyond for her clients. She has a verifiable history of contributing directly to company growth and expansion throughout her career, and is now the CEO of Tatianna Taylor-Tait Ltd. which offers design & short term rental coaching.
There is no better experimentation than playing within your creativity and passion! Tatianna steps into the lab to show us how she did it!
HIGHLIGHTS OF THE EPISODE:
20:12Which Comes First (Money vs. Idea)
23:32Lasting Pieces vs. Aesthetically PleasingKEEPING IT REAL:
11:23Tatianna’s Industry & Background
26:44Linens for Beds28:56Tatianna’s Business Model
38:23Biggest Misconception of Private Room Rentals
45:25Special Guest Experience
46:56The “Must’s”
54:47How You Market Your Property
58:17Closing
NOTABLE QUOTE (KEY LESSONS):
“…No matter the project in some way or form, I like to make sure that the project is a true reflection of my clients…” -Tatianna Taylor-Tait
CONNECTING WITH THE GUEST
Instagram: https://www.instagram.com/tatiannatt/
LinkedIn: https://www.linkedin.com/in/tatiannataylortait/
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Instagram: https://www.instagram.com/therealestateexperiment/?hl=en
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#marketing #privateroomrentals #interiordesign
Mon, 28 Nov 2022 - 1h 03min - 211 - Short-Term Rental Niched Market: Marines & their Families with Laura Villamor - Episode #209
Laura Villamor, a nurse along with her husband, has proven the importance of selecting a market that has consistent flows of traffic year round, serving Marines and their families.
From being in healthcare to now real estate, Laura, a superhost, uses her strengths, patience, responsiveness and charisma to host families across the nation in their very niched short-term rental market. Laura and her husband Eusebio found a way to provide temporary housing to families impatiently excited to reunite with their family in the Marines in Beaufort, South Carolina, as it has a Marine base. They were able to solve a problem in a very niched market but most importantly did it by being very strategic in their next investment, factoring in traffic, demand and purchase price.
Laura does not overthink when it comes to experimenting. Along with being a mother, she constantly makes the time and effort to learn a brand new industry that is giving her and her husband a very high return on investment along with the fulfillment that comes with hosting families. Together, they look to scale in both ownership and property management at Villas & More.
HIGHLIGHTS OF THE EPISODE:
22:38How to Build Relationships With Your Guests Remotely
44:40How to Analyze DealsKEEPING IT REAL:
12:46How Laura and Her Husband Get Into Real Estate
18:41Laura’s Occupancy Rate26:31Being Responsive
30:27Where Laura Gets Inspiration
38:35What Keeps the Goal to Move Forward
54:53Equity
60:03Feeling Safe in the World of Social Media
60:16Closing
NOTABLE QUOTE (KEY LESSONS):
30:43 “…Do the things that scare you…” -Laura Villamor
Connecting with Guest:
Instagram: https://www.instagram.com/vacationvillasnmore/?igshid=YmMyMTA2M2Y%3D
Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Instagram: https://www.instagram.com/therealestateexperiment/?hl=en
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#hospitablehosting #airbnb #connections
Mon, 21 Nov 2022 - 1h 22min - 210 - Mid-Term Rental B2B Solution: Nursing Contracts & Insurance Policyholders with Jesse Vasquez - Episode #208
Get the FREE Mid-Term Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint
Entrepreneurs solve problems and Jesse Vasquez has done just that in the niche of furnished accommodations, Jesse found a way to provide temporary housing to healthcare professionals initially as a business development professional in the healthcare sector. Jesse solved a problem in a niche and scaled his midterm rental operations working B2B for corporations looking to house health technicians, insurance policy holders giving him increased occupancy and cash flow across his properties. Today he’s known as the go-to mid-term rental expert in our industry having helped multiple other investors turn their STRs into MTRs.
Jesse is the Founder of AirVenture Hosting Co., flourishing in Traveling Medical Professional Corporate Housing/Short Term Rental hosting and management of Luxe and Unique Homes on Airbnb.
Jesse experimented his way through his success. Because he was a conversationalist who was very straight to the point, he was able to build a business through solving the problems that travel nurses were facing, which was quality, furnished temporary furnished accommodation with mid-term rental! Through this business approach, he was not only able to create a network, he was also able to build opportunities and provide solutions in a market that needs it. With all the red tape and regulations occurring with traditional short-term rentals and the ability to achieve increased occupancy for your STRs, the mid-term rental blueprint can solve a need in the industry and fill your individual or multiple units at scale when executed properly. Jesse steps in the lab to show us how!
HIGHLIGHTS OF THE EPISODE:
12:04Choosing Your Niche
26:06The Importance of PacingKEEPING IT REAL:
03:16Jesse’s Background
15:34Travel Nursing Industry23:08Growing and Building Leads
30:34Create Lasting Businesses
34:28Hospital Level
40:54Extended Hotel Stay
51:22Umbrella Policy
60:04Closing
NOTABLE QUOTE (KEY LESSONS):
27:42 “…If you’re consistent with one thing, it’s almost impossible to fail…” -Jesse Vasquez
CONNECT WITH THE GUEST
Website: https://www.airventurehosting.com/
LinkedIn: https://www.linkedin.com/in/jesse-vasquez-36917a40/
#problemsolver #creatingopportunities #lastingbusinesses
Wed, 13 Dec 2023 - 1h 08min
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