We've Got a New Video Channel on Brighteon! Click This Banner to Go There!
Home Shows & Notes Articles Tech & Tools Store Become an Free Insider LOGIN





Investing in Out-of-State Real Estate

Investing in Out-of-State Real Estate


Buying real estate rarely goes smoothly, and buying property out-of-state has even more potential challenges. If you are planning on renting property out-of-state, there are similar challenges involved.  However, either are entirely manageable if the potential trouble areas are planned for and addressed.  Many people rent and own property out-of-state, and you can too. 


Also, whether you decide to buy a property or rent it, let’s just call it what it is: Controlling the Property.  Whether you rent or own, you are “controlling” the property in order to run a Short-Term Rental Business out of it and you must be able to “control” the use of that property within the eyes of the law.


Reasons for Buying Out-of-State Real Estate


There are several reasons why you might consider owning or renting a property in another state. Maybe local real estate prices are simply too high...

Continue Reading...

Episode 046 - Why You Shouldn't Treat Your Short Term Rental Like a Long Term Rental





2 Bed/1 Bath

Long Term Rental

1 Year Lease

$1200 month


2 Bed/1 Bath

Short Term Rental

Daily Rate

$87 per night

82% occupancy

$2140.20 month


2 Bed/1 Bath

Short Term Rental

Airbnb's Weekly

10% Discount

$609 for 7 days

-$60.90 discount

$548.10 per week

rent out 3 times

$1644.30 per month

A Loss of $495.90 mo

or $5950.80 per year


2 Bed/1 Bath

Short Term Rental

Airbnb's Monthly 

28% Discount

$2610 for 30 days

-$730.80 discount

$1879.20 per mo

 100% occupancy for

$1879.20 per month

A Loss of $261.00 mo

or $3132 per year


Use Vacancy Instead

Short Term Rental

Our Monthly 

18% Discount

$2610 for 30 days

-$469.80 discount

$2140.20 per mo

Same as your original Single Day!



If you've been a host more than a year, use last year's numbers.

If you haven't been a host for a year yet, then use...

Continue Reading...

Episode 044 – 5 Ways to Stay Ahead When the Competition Gets Tough





5 Ways to Stay Ahead When the Competition Gets Tough

01) Back to Basics

Take a look at your Headline/Title of your Listing.  Does it highlight your best feature?

What about your photos?  Please, tell me you had them taken by a professional.

02) Know Your Competition

Use sites like AirDNA to keep an eye on your competition.  What is their average room rate?  What is their occupancy rate?  Put a spy in their camp!

03) Don't Compete for Last Place!  

You can't win the game of undercutting your competition, so don't even try to go there.  Instead, be better and charge what you're worth.  Use dynamic pricing tools like Wheelhouse to price your units.

04) Make Your Place SHINE!

Use a theme or and anti-theme to make your place stand out among the rest of your competition.  Make certain your place looks amazing!

05) Go Above & Beyond in Service

Make certain that you offer something or do...

Continue Reading...

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...

Continue Reading...

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...

Continue Reading...

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

str Sep 04, 2018

Show Notes & Lessons 



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.



* 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...

Continue Reading...

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...

Continue Reading...

50% Complete


Become an Insider!

When you subscribe to our Newsletter, we appreciate the honor.  Yeah, we know you can cancel anytime but you're still trusting us to add value to your business and we take that to heart!

Not only does Michelle do weekly podcasts but she and her team write informative articles each month.  You may know that Michelle does weekly Q&As and Accountability Calls with her members.  But now, she's been allowing some of her trainings and check-in's to spill over into her Insiders. 

Beginning in August, she's doing a Monthly "10 in 10 at 10" for her subscribers only.   So, you'll be able to check in with Michelle and ask her questions or get some advice LIVE.

Plus, she's doing a Spotlight Member and Hotseats to help you grow your business learning from people just like you with families just like yours.  Be around people who can assist you in building and growing what could potentially be the very business that carries you to financial freedom!

Become an Insider Now!