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Episode 041 – Interview with Attorney Carolita Oliveros on LLC Protection – Part Two

 

 

 

SHOW NOTES & LESSONS

Advantages of the LLC

Especially in Real Estate Investments and International Real Estate Investing, there are countless advantages of investing through legal entities.

Other types of Legal Entities that Protect Assets

Multi-series LLCs Corporations

For-Profit Partnerships

General and Limited Non-Profit Corporations and Charitable Organizations

Trusts 

Living Trusts

Asset Protection Trusts

International Trusts

 

 

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Show Transcript

[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.

[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...

...

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Episode 040 – Interview with Attorney Carolita Oliveros on LLC Protection – Part One

 

 

 

SHOW NOTES & LESSONS


Limited Liability Company (LLC)

What is a Limited Liability Company?

How is it formed?

How is it taxed?

Who can be a member of the LLC What is a disregarded entity?

Single member LLC vs two or more members

Why do you need an Operating Agreement for your LLC?

Liability in the LLC Funding the LLC

How much funding

Capital contributions

Loans

IRAs

How to open a bank account for the LLC

 

Get This Episode's Show Notes in a pdf form...

Go To Our Download Page 

Show Transcript

[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.

[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...

Speaker 1: (00:27)
and in today's podcast...

Continue Reading...

Episode 039 – Theme Your BNB to Add Value

 

 

 

SHOW NOTES & LESSONS

THEMES WE FOUND ON THE INTERNET:

Castles

Tree Houses

Safari

Honeymoon

Ocean

50 Shades of Gray

Rock n Roll/50's Diner/Sock Hop

70's/80's Themed

Roaring 20's/Speak Easy

Wine Cellar

Cruise Ships

Vegas

Farming/Sustainability

Eco-friendly

Futuristic

Space

Soda Parlor

Arcade

Circus

Carnival

Fun House/Magic

THEMES TO EXPAND ON:

Board Games: Candyland, Monopoly, Risk...

Video Games: Mario Bros., Pacman, Fortnite, Minecraft, Zelda...

Theme Parks: Disneyworld, Universal Studios, Six Flags, Sea World...

Western: Cowboys, Horses, Saloons, Westworld...

Books: The Hobbit, Harry Potter, Alice in Wonderland...

Superheroes & Cartoon Heroes: Ninja Turtles, Batman, Ironman, & on & on...

Brands: Oreo, Coke, Pepsi, Starbucks...

Holidays: 4th of July, Christmas, Halloween...

 

WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

Recommended...

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Episode 038 – How Will Your Life be Better or Different This Year?

 

 

 

SHOW NOTES & LESSONS

 

 

WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

Recommended Article or Blog Post Related to This Week's Podcast:

https://www.theprosperityprocess.com/blog/the-power-of-rituals

 

Get This Episode's Show Notes in a pdf form...

PICTURE OF PDF

Go To Our Download Page 

Show Transcript

[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.

[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...

and in today's episode, Speaker 2: (00:29)
we're going to talk about how can you make your life better or...

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How to Deal with Bookings Cancellations

When you are running vacation rental business, your aim is to get maximum bookings for maximum profit.  Whether you focus on a high nightly rate or on high occupancy, you want a good return on your investment.  If you start to experience cancellation problems or lower booking frequency, it can be a blow to your business.  Cancellations are even tougher because not only do you lose out on the income you would have made but, depending on the timing, it may be more difficult to refill that spot.  You may now find that bookings have slowed down considerably during that time frame.  Ouch. Here are some tips to anticipate and prevent these types of booking cancellations.

 

Look at Your Cancellation Policy

 

Is it too easy for guests to book a reservation and then cancel their reservation with just a few clicks later on?  If yes, then you need to make changes to your Cancellation Policy.  We have ours set to “Strict” for a good...

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Episode 037 - Steps to Creating Your LLC: Why You Need & Want One

Uncategorized Apr 26, 2019

COPY AND PASTE TO NEXT WEEK'S BLOG BEFORE TYPING OVER

PLAYER & PLAYER DESCRIPTION  

SHOW NOTES & LESSONS

WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

AAAAAAAAAAA

Recommended Article or Blog Post Related to This Week's Podcast:

Recommended Podcast Episode that is paired with this one like a Fine Wine:

Get This Episode's Show Notes in a pdf form...

PICTURE OF PDF

Go To Our Download Page 

Show Transcript

[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.

[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...

and in today's episode,

Continue Reading...

Episode 036 - The 23 Things You MUST HAVE in Your Short Term Rental (For Your Guests)

 

 

SHOW NOTES & LESSONS

For Safety and Security:

01) Emergency Contact Card (Contact Information Sent by Email, Text, and Posted Clearly)

02) Fire Extinguisher (Right by the Stove)

03) First Aid Kit

04) Smoke Detector

05) Carbon Monoxide Detector

 

For Guest Comfort and Overall Happiness:

 

06) Super-Fast Wifi (Password Sent by Email, Text, and Posted Clearly)

07) Comfortable Mattress (Consumer Reports #2 Rated is only about $500-$700)

08) Smart Television (Plus Cable, if High End)

09) Bluetooth Speakers

10) Charging Stations

11) Smart Locks for Easy Entry (For You as much as Guests)

12) Climate Control Directions (Keep Your Guests Comfy)

13) Coffee, Coffee Maker, Filters, and Cream/Sugar

14) Hair Dryer

15) Iron and Ironing Board

16) Washer and Dryer (a MUST for Long Stays or Active Locations)

17) House Rules, Contact Information, Check-in, and Check-out Times Clearly Posted

18) High-Quality WHITE Sheets and Towels

19) Spare Sets of Sheets and Towels

20) A...

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Episode 035 – Best Tools for Automation: Putting Your Business on Autopilot

 

 

SHOW NOTES & LESSONS

Automation

*Schlage

*August

*Lockitron

Some need help, like Kevo, Z-Wave, or a Smart Hub.

Begin with eLocks

Then Dynamic Pricing

Add AirDNA

Make sure your Cleaning Company has Online Scheduling

Automate Your Messaging

Take a Look at Properly

Find a VA at onlinejobs.ph

Think Shark Tank:  Do you want half of $2 million or all of $10,000?

Our Membership Site opens in May!!

WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

AAAAAAAAAAA

Recommended Article or Blog Post Related to This Week's Podcast:

Recommended Podcast Episode that is paired with this one like a Fine Wine:

Get This Episode's Show Notes in a pdf form...

PICTURE OF PDF

Go To Our Download Page 

Show Transcript

[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this...

Continue Reading...

Cheap Security Upgrades Your Guests Will Love

If you are running a Short-Term Rental Business, your focus is always on providing comfort and safety to your guests, along with any amenities that you can provide.

 

It’s obvious that many guests book vacation rentals based on the price listed.  Others book based on amenities offered.  Location is always critical in the majority of our bookings.  What you may be ignoring or overlooking is the concern of the guests for their safety and security.  Many pay particular attention to the security features of the property as much as their own comfort during their stay. Here are some inexpensive security upgrades that your guests will love and which may help increase your bookings.

 

Replace Ordinary Door Locks with Strong Locks

 

You may not think much of the blocks on the doors of rooms, but your guests get a very safe feeling when they see strong door locks on strong doors that are difficult to break in.  On the other hand, nothing makes...

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Episode 034 - Creating Your SOP: How to Put Your Business on Autopilot

 

SHOW NOTES & LESSONS

Creating your company’s Standard Operating Procedures begins by taking inventory of everything you do each and every day, down to the smallest detail.

#1 – Run through your entire day when it comes to your business.

#2 – List every single task in order.

#3 – Decide which activities “Spark Joy” inside of you and which do not. 

The first activities to delegate are going to be the ones that drain your energy or waste your time.

Remember, we are moving from one side of the Cashflow Quadrant to the other.  We are no longer trading time for money Employee and Self-Employed mindsets are a thing of the past.  We are creating a process in order to move us into the Business Owner and Investor side of the Quadrant now.  In order to do that, we let go and learn to delegate.

How to Write a Standard Operating Procedure by WikiHow - A great GUIDE and a MUST

Don't Overlook Standard Operating Procedures: Use...

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