Home Tech & Tools Shows & Notes Articles Listen Search Store Sign In Subscribe on iTunes LOGIN

 

 

 

 

Episode 033 – How to Get Your Mind Right & Win This Game Called RE Investing & Life

 

SHOW NOTES & LESSONS

5 WAYS TO KEEP YOUR MINDSET IN CHECK

01) Keep it Positive

Tame your "Little Voice" with yoga, meditation, or a good float at a spa.

 

02) Keep it Moving in the Right Direction

Your Success Path plan will give you the compass that you desire.

 

03) Overwhelm Negative with Positive

When your brain says "this won't work," present examples of when it already has worked and realize that you can do it, too!

 

04) Know You Have People Cheering You On

There is always someone in your corner!

 

05) Never Quit!

Be a lifelong student and never ever give up.

 

WHY REAL ESTATE IS A GREAT INVESTMENT

 

* It's an easy Score Card

You're either making money or you're not.

* It's like a Game to Your Brain

Easy to feel accomplishments, like a game.

* Multiple Exit Strategies can be Planned For

* Forgiving

Even some Bad Buys can turn good over time.

* Master an Area and You can rinse and repeat

 

Michelle's Challenge or

Your Mission,...

Continue Reading...

Episode 032 – Prostitutes and Drug Dealers and Bachelor Parties! Oh, my!

 

 

SHOW NOTES & LESSONS

First, a lesson on Capitalism.  What is Compassionate Capitalism?

A wonderful book by Rich DeVos that describes how True Capitalism promotes growth through competition. 

Donut Shop #1                  Donut Shop #2                  Donut Shop #3

Amazing Taste                     Average Taste                     Lousy Taste

Priced Higher                       Priced Lower                       Priced Higher

First, Capitalism allows competition by allowing anyone to own a business.

Second, products and service determine whether or not a business...

Continue Reading...

Episode 031 – Real Estate & Your Guests: How to Find Them, Love Them, and Keep Them

Uncategorized Mar 08, 2019
 

 

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, Speaker 2: (00:31)
we are talking about real estate and your guests, how to find them, love...

Continue Reading...

How NOT to Let Human Traffickers Rent Your STR Property

FACT:  THERE ARE MORE SLAVES IN THE WORLD TODAY THAN EVER BEFORE

 

Slavery is alive, well, and thriving in the world today.  It is thriving in the world of Human Trafficking and your Short Term Rental may be a target for the criminals of the third largest and extremely profitable of all Illegal Industries, Human Trafficking.  Every 30 seconds, someone's child is taken and becomes a part of this dark and unspoken world.

The three most profitable crime industries are:

#1 - Drugs

#2 - Weapons

#3 - Human Trafficking

 

Why would a Human Trafficker be interested in my Short Term Rental property?

It is becoming a world of surveillance and in the crime industries, that's not a good thing.  Cameras in hotels and motels are more and more common for security purposes but this makes it difficult for pop-up brothels to run their businesses across the US and the world. 

Tens of thousands (that's no exaggeration and possibly an underestimation) of...

Continue Reading...

Episode 030 - You’ve Got Questions and We’ve Got Answers: Q & A (Session 2)

 

 

 

SHOW NOTES & LESSONS

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

All about Airbnb Plus, including cities & requirements.

The Airbnb Plus Home Checklist, look for the expert tips inside.

 

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...

Continue Reading...

Episode 029 - You’ve Got Questions and We’ve Got Answers: Q & A (Session 1)

guests iras landlords llcs Feb 15, 2019
 

 

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:

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, [00:30] we're going to be answering your questions with a Q and A session. Yeah, this is the first Q and...

Continue Reading...

Episode 028 - How Legal Is My Short Term Rental?

 

 

SHOW NOTES & LESSONS

You want to diversify and invest in many things, like stocks & bonds, gold & silver, and real estate.  However, Specialize in one area of Real Estate Investing - like Short Term Rentals, for instance!

Attorneys specialize. Doctors specialize.  You should, too.

Each state has a variety of rules and regulations when it comes to Short Term Rentals. 

You can go to Airbnb's Page about Legal & Regulatory Issues. Read what they have to say, then google your city and state with search phrases like, "do I need a permit or license for my short term rental in Tucson, Arizona?"  Then just start reading.

 

  • Find out all you need to know for your state government's page and from your city's official government website.

 

  • Ask your Real Estate Agent if the property is Short Term Rental friendly but still, ask for a copy of the HOA's CC&Rs.

 

Remember, the government provides tax cuts and incentives as a...

Continue Reading...

What Types of Insurance Do I Need for My Short-Term Rental?

insurance Feb 01, 2019

 

Well, here is it.  The truth about insurance that no one is telling you.

 

If you have a home that you are doing short-term rentals out of and you only have a regular Home Owner’s Policy, you probably are wasting your money because you are NOT covered.

 

If you have a Landlord’s Policy, you have the same problem.  You are probably not covered.

 

If you are depending on Airbnb’s $1,000,000 policy, you are leaving huge gaps in your insurance needs.

 

So, now that I’ve scared the bejesus out of you and I have your attention, let me just add that’s it’s an easy fix.

 

First, you want to ask your agents some questions and you want to SEE, with your own eyes, meaning have your agent point out to you, specifically where in your policy that these things would be covered by a short-term renter. 

 

Questions like:

  • What if a guest starts a fire in my kitchen?
  • What if a guest’s child drowns in my...
Continue Reading...

Episode 027 - No Cash? No Problem! How to Get Started on a Dime

 

SHOW NOTES & LESSONS

LIES WE ARE TOLD & HOLD AS LIMITING BELIEFS... It takes money to make money. NOT TRUE! You just have to work harder.

Co-hosting is to Short Term Rentals what Wholesaling is to Real Estate Investing.

The Key to Any Type of RE Investing is Marketing! Consistent Marketing is best but you have to FIND the properties. Actively go looking for the type of homes you need.

What type of property do I look for? You are looking for a home that no one lives in but is furnished. It could even be a staged house for sale. Just non-owner occupied, no one living there, but furnished.

Where and how do I find these properties?

*Buy a list on Listability.com

*Craigslist

*Zillow

*Put out Yellow Signs (Bandit Signs)

*Realtors

*Attorneys

You are looking for homeowners who are open to allowing you to host guests in their already furnished home.

What is my job as Co-host? You will run the STR business. You will get the property BNB ready. Clean & Stage,...

Continue Reading...

Episode 026 - Real Life Horror Stories and How to Avoid Them

 

 

WHAT WERE THE LESSONS?

Here are the stories and the takeaways...

Story One: Having your STR guests steal your furniture and electronics from you. Yikes! Imagine walking in and finding your place empty. How long before your unit is up and running again?

Takeaway: Only accept Guests with Government IDs and Good Reviews. Even then, there's always a chance this can happen, so make sure you have umbrella coverage to fill the gaps from Airbnb and Business Income Insurance to cover your lost revenue.

Story Two: You move into a place with really scary neighbors.

Takeaway: Real Estate Investors often talk to the neighbors before buying a property - at least two. You want to know what they know about the property AND the neighborhood. They'll tell you things that the Seller and the Agent won't.

Story Three: Troubled Young Man gets stoned and poops on your bed... gross!

Takeaway: Run a background check and take extra security measures for anyone staying in your home. It's not...

Continue Reading...
Close

50% Complete

 

Course Registration Re-Opens Soon!

We've got something AMAZING in store for this year's class!  You won't believe all of the trainings and videos that we've added... plus

We've added interviews with some amazing experts in all areas of our business.  People to help you build and grow what could potentially be the very business that carries you to financial freedom!