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Episode 008 - Different Types of Short Term Rentals: What Are They?

hosting styles str types Oct 05, 2018
 

Here are the books Michelle referenced in today's podcast.  Note, these are Affiliate Links.

[00:00] 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.

[00:22] Hi, this is Michelle and I'm here with a short term rental revenue podcast and today we're going to talk about the types of short term rentals that you can have. Most people, when I'm talking, I'm thinking of one type of rental and then somebody said something in a comment and I was like, oh my goodness, I have not touched on this very well. Have I? So today, I wanted to make sure I clarified. There are so many types of short term rentals. Now when I'm talking about short term rentals, I'm usually talking about an entire property. Every single one of my short term rentals are...

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What is a Belief System?

belief Oct 01, 2018
 

What exactly is a Belief System and how do we form them?  What if we believe something that isn't true and isn't serving us, how do we fix it? 

These are a few of the questions that the Prosperity Process has answered in this amazing short video, "What is a Belief System?"

Enjoy!!

 

Video and Content

© The Prosperity Process, LLC  2016/2018

 

for Short Term Rental Revenue

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Episode 007 - Your Success Path: It's Time to Make a Plan

success path Sep 28, 2018

Here are the books Michelle referenced in today's podcast.  Note, these are Affiliate Links.

[00:00] It's time to make a plan

[00:02] your dream of life. In this week's episode, I'm going to help you get started - from no properties and no money to lots of properties and lots of money in a place where you can retire. So get ready

[00:17] over the last two centuries, nearly 90 percent of the world's millionaires, and created their wealth through real estate here to tell you how you can ride this wave with less risk and less capital law. Creating greater income is your host best selling author and speaker, Michelle Russell.

[00:39] Hi, it's Michelle, the master of money mindset and I'm here for episode number seven of the short term rental revenue podcast. So very quickly I just wanted to say thank you for sharing it, subscribing and all the reviews that we're getting. I'm super excited about this and I'm so, so, so appreciative of you and I just want to thank you for...

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Episode 006 - All about STR & Why Now is the Perfect Time to Invest in Them

str timing Sep 21, 2018

[00:00] 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.

[00:22] Hi this is Michelle the master of money mindset and I'm here with Episode six of the short term rental revenue podcast and today I'm going to talk about why you should think about investing in a short term rental and why I created this podcast in order to teach you to do that. My name again is Michelle Russell you haven't listened to my previous podcast go back and do so because the really good and there's some great information in there that you're going to need when you start your short term rentals. But anyways I wanted to give you a little bit of my unique back story, how I got started in investing, where I came from, why I invested in real estate and why I turned to short...

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Episode 005 - BONUS The Actual Cost Breakdown of a 1Bed/1Bath STR Unit

costs expenses Sep 17, 2018

Get our free Excel Spreadsheet here that has the complete descriptions and costs of every item used to furnish and stock a 1 bedroom/1 bath STR from this week's episode.

[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.


[00:22] Hi, this is Michelle, the Master of Money Mindset, and I'm here with episode number five of the short term rental revenue podcast. And in this episode we are fulfilling a request by one of our listeners who asked for a line by line description and price itemization of all the furniture and items that we put it inside one of our short term rentals. And so luckily we have a short term rental that we have been doing a type of experiment on down in Tucson that we literally had that for. And you can get...

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Episode 004 - The Seven Steps to Start Up and the Real Cost Involved

costs expenses Sep 14, 2018

[00:08] Over the last two centuries, nearly 90 percent of the world's millionaires created their wealth through real estate. Here to tell you how you can ride this wave with less risk, less capital, while creating greater income is your host, best selling author and Speaker, Michelle Russell.

[00:27] Hi, this is Michelle, the master of money mindset and I'm here with podcast number four of the short term rental revenue podcast and today we're going to talk about the seven steps to a startup and the real cost involved. So I am your host, Michelle Russell. I am the master of money mindset. I have a business called the prosperity process. You can find us online at www.theprosperityprocess.com and one of the questions I get all the time is how to make money with no money and there are a lot of ways to do that. I talked about that on previous podcasts, but the one thing I wanted to do was cover the fact that I think it's better and you'll make more money if you have a little money to...

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Episode 003 - What You Need to Start Your STR Business

costs expenses str Sep 05, 2018

Over the last two centuries nearly 90 percent of the world's millionaires they have created their wealth through real estate. Here to tell you how you ride this way with less risk and less capital, about creating greater income is your host, best-selling author and speaker Michelle Russell.

Hi, it's Michelle the master of money mindset and I am here for your third episode of the short term rental revenue podcast. And today we're going to talk about what you need to get your STR started. What are the things that you need? And we talked a little bit about that before in a past podcast about you're going to need a little bit of money and the reason why is, it takes a little bit of startup cash in this business to get things started. Even if you were to find a property that you could lease out that had furniture. You're still going to usually have the first and last and a security deposit that you're going to have money for and maybe some utilities are going to require a deposit. So...

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Episode 002 - What is a STR and Why should You want to Have a Few?

str Sep 04, 2018

Show Notes & Lessons 

 

WHAT IS AN STR (SHORT TERM RENTAL)?

Most Rentals have lengthy leases, 1-2 years, where you move your stuff in.

Short Term Rentals are usually less than 30 days, most around 2-3 days to a week where you just bring a bag with some clothes.

Boarding Houses preceded hotels and BNBs have always been around in various forms.

Hotels: bed, bath, mini-fridge, same look.

STRs: can be a room or entire home, experience the culture of the entire city, travel with entire family as one but split costs to save money, homey feel.

 

Basically, an STR can be less expensive than a hotel with way more room for larger families and even some great amenities, like pools.

 

WHY YOU SHOULD CONSIDER AN STR

* A very popular & growing trend

* Locations all around the world

* The US makes up only 20% of all Airbnb's

* It's a great way to control real estate

* It can be quite lucrative

 

What if I don't own Properties?

You don't need to. You can run...

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Episode 001 - How This Podcast Came to Be & Who It's For

str Sep 03, 2018

Here are the books Michelle referenced in today's podcast. 

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

 

This is episode one of the Short-Term Rental Revenue Podcast and this is your host, Michelle Russell.  Are you ready for this?

Hello and welcome everybody.   This is Michelle Russell and this is our first ever short-term rental revenue podcast. How exciting is that? Okay, let's get started. As you know, we've been doing The Prosperity process for a few years now. We've got quite a following on our blogs and our Facebook pages and all the rest.  But whenever I do seminars or I'm out speaking somewhere, people always ask me the same question.  They always ask me. “How do you make money if you don't have any money? How do you make money in real estate if you don't have money?" And the obvious answer to that is always flipping. But a lot of people just don't know how to flip and that does...

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REAL LIFE NO MONEY DOWN INVESTING

no money down Sep 02, 2018

What does “No Money Down” mean?

Money changes hands in nearly every transaction when it comes to investing, especially when investing in real estate. When you hear the term “no money down,” it usually means that none of your money will be needed or used. However, money from some other source will most likely be needed and used. OPM is a term used in investing that means Other People’s Money. The majority of “No Money Down” deals will use OPM or they will involve an almost immediate reimbursement of any money that is put in on the deal. “No Money Down” rarely, if ever, means that no money will be used for the down payment of the transaction.

Can you really invest with “No Money Down?”


Yes. Using OPM, you can invest in little or no money down deals all day long. However, these deals often require more effort and more due diligence. They may even require good credit. But sometimes, they just require a bit of effort and...

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