BNB Investing Podcast

On Thursday - we had a chat with Khalid Johnson a client in the BNB Investing Program to talk about his growth with Airbnbs.

Khalid Johnson is a dedicated real estate enthusiast who has been passionately involved in the industry since 2019. Starting with buy-and-hold properties, Khalid has accumulated 14 doors and recently expanded into flipping houses. Now, he is exploring the AirBnB industry, adding another dimension to his real estate portfolio. Khalid's journey into real estate was preceded by a successful background in IT, where he earned a Master's Degree from Keller Graduate School of Management. Born in Newark, NJ, he moved to Stone Mountain, GA, at the age of six and has called the metro Atlanta area home ever since.

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Rich Munroe

We had a chat with Amy Powers to talk about refreshing your short term rental.

Amy Susanne Powers is a pioneering short-term rental designer known for her innovative and eco-friendly designs. With a background in home staging metro-Atlanta properties since 2007 and short-term and mid-term rental design since 2019, she creates immersive, guest-centric experiences nationwide. Amy's expertise and dedication have earned her recognition as a trailblazer in the industry. An influential speaker and author of Eco-Friendly Short-Term Rental Design, she trains designers globally and continually sets new standards in the short-term rental market.

http://Vacationrentalinabox.com

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Rich Munroe

On Thursday - we had a chat with Roger Herring about accounting and tax strategies for real estate investors.

Roger T. Herring, The Investor’s Accountant. He is the founder, CEO and Chief Tax Strategist of Investors Accounting LLC. Since inception in 1999, the company has grown from a part time venture to a full-service accounting and business advisory firm devoted to serving the unique needs of the real estate investor. “You can make millions of dollars every year and still have ZERO net worth. It is not about how much you make; it is about how much you KEEP! I focus on helping clients keep their money through focused and effective tax strategy designed especially for the real estate investor to lower and in some cases ELIMINATE tax liability.” Roger T. Herring. In 2023, Roger was one of the first accountants in the country to earn the prestigious MSCTA designation from the Kohler Organization. This certification positions Roger among the top tax strategists in the country. He is a 1991 graduate of The Citadel, The Military College of South Carolina. After serving as an officer in the US Army, he spent eleven years as a corporate accountant in positions ranging from staff accountant to chief financial officer. Roger lives in Lawrenceville, GA with his wife Shelley where they are both active in their community. They have 2 grown children and three grandchildren.

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Rich Munroe

We had a chat with Heather Meuer to talk about Glamping & RV Parks with AirBnbs.

Heather is a STR and RV park investor in Missouri. She's a wife, mom of 4, and loves sharing about partnerships and mindset with those in the real estate investing community. Heather and her husband Ryan have been working together as business owners and entrepreneurs for over 16 years, and have grown their portfolio to over $8m since diving into real estate a little over 2 years ago. They are currently developing a glamping and RV resort in Branson, Missouri and actively growing their portfolio in the RV and mobile home park space.

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Rich Munroe

 Elizabeth Fuller is a full time nurse anesthetist. Elizabeth began house hacking in 2016 prior to knowing the proper term. In 2018, She bought her first investment property, a historic home in Augusta, GA with a carriage house in the back yard. After minor renovations and furnishing, she rented the home doing mid-term rentals while re-designing, completely renovating, and furnishing the carriage house. In 2019, She bought a quadplex and did cosmetic renovations keeping with the same formula of mid-term furnished rentals. The Broad street quadplex has been the most recent acquisition in December, 2023 which she also renovated, furnished, and rented. In addition, she has managed a beach condo for short term rentals and various other properties for friends and family. It’s been my privilege to host guests from all over the world including India, Sri Lanka, Iran, Canada, Brazil, various countries in Africa, and others.

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Rich Munroe

We had a chat with Malhar Bhagat of M2Rest to talk about Short Term Rental Acquisitions.

Malhar Bhagat and his wife, Danielle Jasmine, have achieved significant success in the short-term rental business over the past four years, owning and managing over 20 units and completing over 4,500 reservations. In addition to their short-term rental business, they continue to develop and renovate numerous projects annually. One of the keys to their success is their vertical integration, with Danielle serving as their in-house licensed general contractor who also designs the homes. Malhar and Danielle have a deep breadth of experience in real estate investing, including buy & hold investments, private lending, fix & flips, development, coaching, and real estate sales. They have been involved in hundreds of transactions and raised over $50 million in private capital from their lenders. Malhar literally started with nothing and now has multiple multi-million dollar businesses. He continues to believe in one core thing: the only constant is change. If you're not growing and changing, you will get left behind.

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Rich Munroe

We had a chat with Brian Seelos of Hospitable to talk about Channel Manager Review.

Hospitable gifts, short-term rental host,s their valuable time back. Founded in 2016, Hospitable’s tools allow hosts to automate the most time-consuming elements of hosting. Hosts use Hospitable to answer 90% of guest messages with AI-powered automated messaging, to automate their team notifications so they never miss a clean, and to avoid double bookings with a synchronized calendar across booking channels. 

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Rich Munroe

Ray Costello, Property Inspect. Unlimited digital forms to capture property condition, photos and maintenance issues right from your mobile or tablet using our user friendly inspection app.

Produce professional home inspection reports, sale or appraisal reports, building audits, risk assessments & more using our award winning inspection software.

Property Inspect is your own personalised platform for effective property management, facility management, inspections and compliance. 

Ray Costello is the Managing Director of US Operations at Property Inspect US, based in the Greenville-Spartanburg-Anderson area. With over 20 years of experience, Ray has transformed inspection and compliance processes for various sectors using innovative mobile app solutions. Previously, he developed a senior/55+ short-term stay program at Holiday Retirement and founded Simple Stays, which was later acquired by Holiday Retirement. Ray's extensive background includes roles in software sales, senior housing operations, and private club management. 

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Rich Munroe

a system demo of the Hostfully platform with Frank Bosi. Frank is the Director of Sales at Hostfully. He has spent his career in the hospitality industry, primarily focusing on continuous annual revenue growth for some of the world’s most prominent and influential hotel

 companies. Born and raised in New York City, he manages 

a long term rental in Hoboken, NJ, but now resides in Charlotte, North Carolina with my amazing wife and two incredible children. As an avid runner,

 CrossFit enthusiast, and plant-based lifestyle champion, he enjoys pushing himself, finding solutions, and meeting new clients. He is here to help you fully optimize and scale your business with Hostfully’s property management software. Let’s get to it!

Description

Hostfully helps vacation rental companies provide 5-star hospitality. With property management and guest experience software for short-term rentals, Hostfully helps property managers automate, streamline, and grow

 their businesses. 

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Rich Munroe

BNB Investing Fb Live to talk about luxury home property management with Lucas Piper, Five Star Vacation Home Rentals.

Lucas lives in Austin TX with his beautiful wife Nickol and daughter Zamila. 

He has been managing and operating STR's since 2018 but "burned the boats" and leave his corporate job in 2021 to start Five Star Vacation Home Rentals. Five Star VHR manages 30 luxury properties in Central Texas and is predicted to gross over $3million in 2024. Although the majority of the management portfolio is with others properties, Lucas has managed to create financial freedom with his owned properties.

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Join my free FB Group: https://www.facebook.com/groups/bnbinvesting

Schedule a strategy call: https://calendly.com/bnbinvesting/strategy-callThanks for tuning in!

Rich Munroe