347: How to Make Money with AirBnb Rentals

Many therapists are interested in diversifying their income streams beyond their clinical work. We focus today’s session on a very specific aspect of supplemental income, mainly around AirBnb rentals. Join us to learn more! Our Featured Guest Mando Sallavanti III Armando “Mando” Sallavanti III is a CERTIFIED FINANCIAL PLANNER™ with a wealth of wisdom to share. We met and connected through LinkedIn, and we’ve had several conversations in recent months. In this session, he shares his expert opinion on owning AirBnb rental properties as compared to long-term rentals, along with the nuances of setting boundaries as a rental property owner. He is open to sharing mistakes he has made along the journey and what he finds rewarding in his role as a rental property owner.  You’ll Learn:Why real estate became the natural pivot for Mando to diversify his incomeHow Mando and his fiancé became the owners of a triplex home, living in one unit and renting out the other twoWhy investing in real estate is a common denominator for wealthy peopleHow AirBnb rental management differs from traditional long-term rentalsHow Mando maintains boundaries with tenants living in such close proximity to his homeWhy Mando works with a rental management company for AirBnb rentals, cleaning, maintenance, etc.How Mando’s AirBnb rental properties bring in significantly more money monthly than the same units did previously as long-term rentalsMando’s mistakes in not knowing what his expenses would actually be on his older propertyMando’s advice to others: “Whether you purchase a property as a primary residence or for a rental, have an emergency fund set up to cover repairs and maintenance. There will always be unexpected issues that come up.”What Mando sees as the hardest part of owning rental properties

Armando Sallavanti is a registered representative of and offers securities and investment advisory services through MML Investors Services, LLC. Member SIPC. Supervisory Office: 2 Bala Plaza, Ste 901, Bala Cynwyd, PA 19004. Tel: 610.766.3000. Discussion of real estate investing is informational only and is not a service of MML Investors Services, LLC. or its affiliate companies. Resources: Want to launch your online course? Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit Looking to launch a successful podcast? Please check out our free "Using Podcasting To Grow Your Business" workshop for therapists: https://sellingthecouch.com/podcastingworkshop Mentioned in this episode: Thrizer Thrizer is a payment platform designed for private pay therapists, built to help clients automatically tap into their out-of-network benefits and save on therapy upfront. Thrizer can help instantly verify clients’ out-of-network benefits ahead of a client’s first session, so they get the transparency upfront on their out-of-pocket costs. When therapists charge their clients via Thrizer, an out-of-network claim is automatically submitted for them, so no need to deal with superbills. Best part? After meeting their deductible, clients have the option to just pay their co-insurance portion for sessions while Thrizer floats the rest of the therapist’s fee and waits for reimbursement on the client’s behalf, helping clients afford therapy upfront. Please visit sellingthecouch.com/thrizerand enter the promo code “STC” and receive waived...