Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!
 
This presentation is the live Q&A; that I did the week of May 18th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!



Notable Quotes:
 
“If you have tried direct mail and it hasn’t worked for you, there may be very specific reasons why that is the case.”
 
“With the BRRRR strategy, you refinance to get your money out of the property so that you can invest in the next one.”
 
“Conventionally, you get the loan for a buy-and-hold first.”
 
“We got out of our office space and went remote before COVID ever hit.”
 
“If you are a local company, you should be doing some in-person activities to team build and stay connected.”
 
“The part of our business that does not make us excited is filling out government paperwork.”
 
“You are not a real estate investor unless you do at least one deal.”
 
“You will see the urgency of creating an LLC if you do a couple of deals.”
 
“Any advice? Yes, stop doing that.”
 
“The reality is that, in this market, you do not have time to get a contractor to walk through every property to evaluate rehab costs before you make a deal.”




Links:
WINNING Direct Mail
7 Figure Flipping
Return on Investments
Just Start Real Estate
JSRE on Facebook
Mike on Facebook
Mike on Instagram
Mike on LinkedIn
Mike on Twitter
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

Live Q&A - Team Roles and Responsibilities, Remote Teams, New Wholesalers, and Forming an LLC

Cncover the “Cheat Codes” used by some of the most successful real estate investors and top performers in the world. What exactly is a 'cheat code'? In gaming, a cheat code is a secret key that unlocks new abilities or levels, giving players an advantage.  Here, we apply that concept to real estate investing by revealing the personal strategies and habits our guests use to achieve uncommon success.  Each episode is a chance for you to learn these cheat codes directly from the experts, giving you actionable advice and powerful strategies to create your own unfair advantage in business and in life!

Business

Investing

Careers

Management & Marketing

Business News

Shopping

Entrepreneurship

 
  
 
From Bigger Pockets to a Better Life with Brandon Turner
Join us as we dive into the incredible journey of real estate investor and podcaster Brandon Turner. Discover how he went from buying a deal a year to building a portfolio of over 13,000 units, and learn the strategies and mindset shifts that fueled his remarkable success.
Table of Contents

Brandon's Entrepreneurial Awakening
Surrounding Yourself with the Right People
Blowing Past a 1,000-Unit Goal
Why Mobile Home Parks?
Avoiding Problematic States and Markets
Transitioning from Biggerpockets to The Better Life Podcast
The Importance of In-Person Podcasting
The Devastating Lahaina Fire and its Impact
Redefining Success: Prioritizing Family and Happiness
Ttance of Adaptable Goals
Lessons Learned from Leaving Biggerpockets
Educating Children on Alternative Paths in Life

Brandon's Entrepreneurial Awakening
It all started with a realization at Joe Ferrellus' best ever conference in Denver. Surrounded by successful real estate investors, I came face to face with my untapped potential. I was only buying a deal a year, barely scratching the surface of what I could achieve. It hit me that I could build a big business, have a team, and aim for something much bigger.
Surrounding Yourself with the Right People
Surrounding yourself with successful and motivated individuals can have a profound impact on your own success. When I started associating with people who were achieving greater real estate volume, I began to see new possibilities and opportunities for growth. Through engaging with the BiggerPockets podcast and interacting with accomplished investors like Grant Cardone and Chris Clothier, I gained valuable insights into scaling businesses and leveraging resources effectively.
Learning from Successful Individuals

Observing individuals who were handling significantly larger real estate portfolios than mine helped me realize that scalability doesn't necessarily equate to working more hours.
Engaging with people accomplishing substantial deals highlighted the importance of strategic delegation and building efficient teams.
Witnessing others achieve exponential growth while working fewer hours shifted my perspective on the relationship between effort and success.

The Power of Association
By surrounding myself with ambitious and accomplished individuals, I was able to challenge my own limitations and expand my vision of what was achievable. This environment of success and ambition propelled me to surpass my initial goals and achieve remarkable growth in a relatively short period.
Blowing Past a 1,000-Unit Goal
After making the decision to go all in on mobile home park investing, I set a goal to acquire 1,000 units within a year. This ambitious target pushed me to take massive action and think outside the box to achieve rapid growth.
Strategic Acquisition Tactics

Implementing creative financing strategies enabled me to acquire properties with minimal capital and maximize returns.
Utilizing innovative negotiation techniques allowed me to secure deals that surpassed my initial expectations.
Forming strategic partnerships and leveraging my network played a pivotal role in rapidly scaling my portfolio.

Building a High-Performing Team
Assembling a dedicated and skilled team was crucial in managing a large number of properties effectively and ensuring seamless operations. By delegating responsibilities and empowering my team, we were able to surpass the 1,000-unit milestone with remarkable efficiency.
Why Mobile Home Parks?
Investing in mobile home parks offers unique advantages and opportunities that make it an appealing venture for real estate investors. The following factors highlight the reasons behind the strategic choice of mobile home park investments:
Scalability and Efficiency

Mobile home park investments provide the potential for rapid scalability and efficient management, allowing investors to oversee a large number of units with relative ease.
Operating larger properties can often be more streamlined and manageable, leveraging economies of scale to maximize returns and minimize operational complexities.
With the ability to oversee numerous units within a single property, mobile home park investments offer a compelling avenue for achieving substantial growth and profitability.

Strategic Property Selection

Choosing mobile home parks in areas with favorable population demographics and strong tenant demand can significantly enhance occupancy rates and overall investment performance.
Avoiding properties with potential challenges such as septic tanks and unfavorable landlord regulations in certain states can mitigate operational hurdles and optimize investment outcomes.
Focusing on larger mobile home park properties in well-populated areas can offer a more favorable investment landscape, facilitating improved tenant acquisition and retention.

Avoiding Problematic States and Markets
When it comes to real estate investments, avoiding problematic states and markets is crucial for maintaining a streamlined and efficient portfolio. By steering clear of regions with challenging regulations and governmental barriers, investors can mitigate operational hurdles and optimize their investment outcomes.
Strategic Market Selection

Choosing markets with favorable landlord regulations and supportive governmental policies can facilitate smoother property management and tenant relations.
Avoiding states with stringent eviction processes and prolonged legal procedures can help investors steer clear of potential challenges associated with tenant disputes and occupancy issues.
Focusing on markets with a proactive approach to low-income housing support and tenant rights can create a more conducive environment for sustainable and profitable real estate investments.

Transitioning from Biggerpockets to The Better Life Podcast
After my nine-year stint with the BiggerPockets podcast, I made the decision to transition to The Better Life podcast. This shift was driven by my entrepreneurial spirit and the desire to have autonomy over my schedule and endeavors. While BiggerPockets was an invaluable experience, I craved the freedom to chart my own course and explore new opportunities.
Embracing Entrepreneurial Independence
As an entrepreneur at heart, I value the ability to own my time, schedule, and business ventures. The decision to leave BiggerPockets stemmed from my desire to have full ownership and control over my podcasting journey, aligning with my personal and professional aspirations.
The Birth of The Better Life Podcast
The inception of The Better Life podcast was inspired by a song created by my friends, Derek and Mark. Their music, coupled with my ambition to expand beyond real estate, fueled the creation of a platform that delves into a diverse range of topics and interviews. This transition allowed me to broaden my scope and connect with a wider audience while still maintaining a strong focus on real estate.
The Importance of In-Person Podcasting
When it comes to podcasting, the dynamics of in-person recording can significantly enhance the overall experience for both hosts and guests. The physical presence creates a heightened sense of importance and accountability, leading to more profound and authentic conversations.
 
The Devastating Lahaina Fire and its Impact
The Lahaina fire had a devastating impact on the town, resulting in the loss of numerous businesses and homes. The aftermath of the fire left a significant void in the community, with many individuals and families grappling with the repercussions of the destructive blaze.
The Heartbreaking Toll
The fire claimed the lives of approximately 100 people, a tragedy that has deeply affected the entire community. While the outcome was better than initially feared, the loss of lives and the destruction of the town's downtown area remains a poignant reminder of the catastrophic event.
Navigating the Aftermath

Despite the devastation, the resilience and unity of the community have been evident as individuals come together to support one another and rebuild what was lost.
Efforts to address the aftermath of the fire have been ongoing, with individuals and organizations collaborating to provide aid and assistance to those affected by the disaster.
The impact of the Lahaina fire serves as a stark reminder of the importance of preparedness and community support in the face of natural disasters.

Redefining Success: Prioritizing Family and Happiness
As I continue to navigate through the complexities of business and life, my perspective on success has undergone a significant transformation. While ambitious goals and professional achievements have always been integral to my journey, the paramount importance of family and personal happiness has become increasingly evident.
Embracing Familial Priorities
Amidst the pursuit of entrepreneurial endeavors and professional growth, the invaluable role of family has emerged as a cornerstone of my priorities. The joy and fulfillment derived from spending quality time with my wife and children have become non-negotiable aspects of my life, shaping my decisions and actions in profound ways.
Reevaluating Work-Life Dynamics
Recognizing the perpetual balancing act between work and personal life, I have adopted a deliberate approach to redefining success. Embracing the notion that happiness and contentment are the ultimate measures of achievement, I have embarked on a journey to recalibrate my professional commitments in alignment with my personal values.

Setting boundaries and constraints on my time has empowered me to prioritize family engagements and meaningful experiences, fostering a harmonious equilibrium between work and personal life.
By reassessing the significance of my professional engagements and endeavoring to derive genuine fulfillment from each pursuit, I have cultivated a renewed sense of purpose and satisfaction.
Embracing a mindset that values holistic well-being and emotional fulfillment has catalyzed a profound shift in my approach to decision-making, enabling me to prioritize endeavors that resonate with my core values and aspirations.

Implementing the "Better Life Wheel" for Balanced Goal-Setting
One powerful tool that has significantly impacted my life is the "Better Life Wheel," a comprehensive approach to evaluating and setting goals across various aspects of life. It's a simple yet effective method that provides a holistic perspective on personal growth and fulfillment.
Assessing Ten Key Areas
The "Better Life Wheel" encompasses ten fundamental areas, including health and fitness, finances, career, parenting, relationships, environment, spirituality, personal growth, and more. Each of these aspects plays a crucial role in shaping a fulfilling and balanced life.
Rating and Prioritizing

Using a scale of one to ten, I assess my current satisfaction and progress in each area, shading a pie chart to visually represent my ratings.
By identifying the three lowest performing areas, I prioritize setting specific and achievable goals for improvement in these aspects.
This approach ensures that I address all facets of my life, fostering a well-rounded and purpose-driven pursuit of success and fulfillment.

Quarterly Reevaluation
Recognizing the dynamic nature of personal growth and life circumstances, I regularly revisit the "Better Life Wheel" every quarter. This practice allows me to adapt my goals and focus areas based on evolving priorities and experiences, ensuring continual alignment with my aspirations and values.
Implementing the "Better Life Wheel" has been instrumental in fostering a balanced and purpose-driven approach to goal-setting, enabling me to pursue holistic fulfillment and growth across all aspects of life.
The Importance of Adaptable Goals
Setting adaptable, goals is crucial for aligning aspirations with current perspectives and motivations. Traditional annual goal-setting may lead to misaligned objectives, as desires and priorities evolve over time. By embracing goals that resonate with present emotions and ambitions, individuals can cultivate a more authentic and purpose-driven pursuit of success.

Aligning Goals with Current Emotions
Embracing Adaptability in Goal-Setting
Cultivating Authentic and Purpose-Driven Pursuits

Lessons Learned from Leaving Biggerpockets
Leaving a long-standing professional endeavor is a significant decision that requires careful consideration and strategic planning. My departure from BiggerPockets was driven by a culmination of personal and professional realizations, ultimately leading me to embark on a new trajectory in my entrepreneurial journey.
Persistence Through Challenges
My experience at BiggerPockets, particularly working alongside a dedicated and persistent entrepreneur like Josh Dork, instilled in me the invaluable lesson of persisting through the inevitable challenges and lows that accompany any entrepreneurial venture. Recognizing the "dip" in business and persisting through it has been a transformative mindset shift that continues to guide my approach to navigating obstacles and setbacks.
Building a Bridge to New Identity

Transitioning to a new professional identity involved meticulous groundwork and intentional cultivation of a distinct persona, ensuring a seamless transition and a sense of purpose in my new endeavors.
By establishing a solid foundation for my new identity and aspirations, I mitigated the potential challenges of feeling lost or adrift after departing from my previous professional role.
Embracing a multifaceted identity beyond my association with BiggerPockets enabled a smooth and confident transition into a new phase of my career.

Recognizing the Tipping Point
Understanding the tipping point between personal fulfillment and professional alignment is instrumental in determining the right time to transition from a current role to new opportunities. It's crucial to assess when the scale tips towards individual growth and advancement, signaling readiness for a new chapter.
Strategic Timing and Preparation

Timing the departure from a professional role requires a strategic balance of personal readiness, skill development, financial stability, and the establishment of a new professional identity.
Building a robust skillset, reputation, and financial stability before embarking on a new venture is pivotal in ensuring a smooth and sustainable transition.
Recognizing the point of readiness to pursue independent endeavors, driven by the confidence in one's abilities and the potential for greater personal and professional fulfillment, is a critical aspect of strategic career transitions.

Educating Children on Alternative Paths in Life
As a parent, I am passionate about instilling in my children the understanding that traditional societal norms do not define their potential paths in life. I encourage them to think outside the box and explore unconventional avenues for their education and future careers.
Empowering Entrepreneurial Thinking
I believe in nurturing an entrepreneurial mindset in my children, emphasizing the importance of creativity, problem-solving, and innovative approaches to achieving their goals. By exposing them to diverse opportunities and encouraging their entrepreneurial endeavors, I aim to broaden their perspectives on success and fulfillment.
Fostering Critical Thinking and Questioning

Encouraging my children to question the status quo and challenge conventional norms empowers them to think critically and consider alternative paths to achieving their aspirations.
By fostering an environment that values curiosity and independent thinking, I aim to instill in them the confidence to explore unconventional routes and embrace non-traditional methods of learning and personal development.
Empowering them to question societal constructs and preconceived notions fosters a sense of autonomy and self-directed decision-making, enabling them to navigate their futures with confidence and resilience.

Supporting Entrepreneurial Ventures
When my children express entrepreneurial ideas or innovative solutions to challenges, I actively support and provide resources to nurture their ventures. Embracing their creativity and initiative, I seek to cultivate an environment where they feel empowered to explore diverse paths and pursue their passions.

From Bigger Pockets to a Better Life with Brandon Turner

Today's Guest: Paul Wakim
Paul is the co-founder of TwnSqr, a real estate technology startup devoted to breaking down the barriers of the real estate industry by providing homeowners and real estate professionals full control over the connections they make for their next real estate transaction. Paul started TwnSqr as a project to create an algorithm to predict who was going to sell their house next so he could buy more deals. Today, TwnSqr has reimagined how the real estate process works for buyers, sellers, agents, and investors, and it’s the most secure and fastest way to connect with the best person for your next real estate transaction on your own terms.
 
Highlights From The Show:
We begin the episode with Paul sharing the evolution of TwnSqr since its inception right before COVID and how it currently works. Paul details how it has changed from being a real estate tool to a service that is one aspect of a real estate investor’s process. 
 
Paul detailed a new program that they just launched called TwnSqr Enterprise that caters to investors that have a significant amount of properties to sell to form a direct integration with their Boost service, or their dispositions marketing service. Paul also gives a ton of credit to his partner Mitch that does most of the coding, and who he says is brilliant. Some customizations occur for each individual client, so Paul details this process.
 
I asked Paul to describe their avatar, or ideal client, and also to describe how the pricing works for their service. It is a monthly subscription service, but Paul goes into detail on how it actually works. He also goes into the integration of AI into their services.
 
This was a super detailed interview where I asked a lot of nitty-gritty kinds of questions so you want don’t miss another amazing episode of the Just Start Real Estate Podcast with Paul Wakim and get valuable information on how to unlock the potential of your dispositions process with TwnSqr!



Notable Quotes:
 
“All TwnSqr is as of August 7th is a way for you to interface your existing systems and processes, your CRM, with our Boost service. There is no more seller-facing aspect to the platform.”

Paul Wakim

 
“We have simplified things quite a bit to just being a plug-in for your CRM with the sole purpose of getting you interest in the properties that you have for sale.”

Paul Wakim

 
“Any investor that has at least two properties to sell per month is our target market.”

Paul Wakim

 
“You are using the existing client’s buyers list in addition to going out and getting more people to opt into TwnSqr to maximize who is seeing the properties - more eyeballs.”

Mike Simmons

 
“Tell me why I would want to utilize your done-for-you service when I already have a fully operational, successful, talented dispositions team and/or person and/or process. Like why would I hand over the reins to something that is working really well?”

Mike Simmons

 
“We found out not only was that sales pitch incorrect but also the execution was incorrect.”

Paul Wakim

 
“It is worth combining your existing systems and processes with our boosting system because it is a supplement - it is like a turbocharger for an engine.”

Paul Wakim

 
“Once the integration is built, we are off to the races together.”

Paul Wakim

 
“Simplicity is where the actual value is.”

Paul Wakim

 
“Simple is scalable.”

Mike Simmons

 
“TwnSqr today is as bad as it is ever going to get. It is only going to get better.”

Paul Wakim




Thank You for Listening!

Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook

 
Help Out the Show:

Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one.
Subscribe on iTunes.

 
Resources and Links From Today's Show:
Mike’s Email
TwnSqr
Paul Email 
Paul on LinkedIn
Paul on Instagram
Paul on Twitter 
Paul on Youtube
 
More Resources From Mike:

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
WINNING DIRECT MAIL - How to CRUSH IT with direct mail!




Done For You Dispositions with Paul Wakim, Founder of TwnSqr

Today's Guest: Erin Helle
In this episode, I interview fellow real estate investor and return guest, Erin Helle. Erin begins by giving us her background and what brought her to real estate investing. She began her career in the military, first attending West Point Academy and then serving on active duty. Because her husband was also in the service, they knew that both of them being on active duty would be short-lived as they planned to start a family. She resigned her commission after about eight years of active duty and she began to explore real estate as a way to earn an income and be present for her family.
 
Highlights From The Show:
We go back over Erin’s story because it is so inspirational! Her business has just exploded since we last talked on the podcast in 2020. We discuss all of the different types of investing she is involved in and the various markets, as well. She related that she has invested in short-term rentals, but doesn’t like it as an investment model because it isn’t passive at all. 
 
We then talk about the event that Erin is hosting called Financial Freedom Summit. It is being held at the Wynn Las Vegas on September 2nd & 3rd, 2023. It is an exclusive event to inspire personal, professional, and financial development. Military veteran leaders in the real estate investing industry will guide the participants to build their blueprint for total financial freedom. But Erin wanted me to understand that it was the community of veterans that gave her the courage to get started in real estate investing, which is why she decided to give back to veterans through her summit. Erin went over the different topics, speakers, and breakout sessions that will happen throughout the weekend. Erin also detailed how some of the sponsors backing the event are providing scholarships to the event for service members that may not otherwise be able to afford to attend.
 
Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Erin Helle and learn about everything she has been up to since the last time she was on the show!



Notable Quotes:
 
“This is a great industry and there is a lot of opportunity, but it isn’t necessarily for everyone.”

Mike Simmons

 
“I hate the short-term rental game. I hate everything about it.”

Erin Helle

 
“We use any cash we can come up with to build our portfolio.”

Erin Helle

 
“I am a very left-brain, logical decision-maker.”

Erin Helle

 
“I don’t really have the personality to talk to STR guests.”

Mike Simmons

 
“It was the network of other West Point grads, and other veterans, in the space that helped me get my start and help me take that first step and then scale.”

Erin Helle

 
“There is a lot of value in networking events.”

Mike Simmons

 
“I have been amazed at the generosity of the people speaking and putting on this event.”

Erin Helle

 
“The value of being in a room with these investors is like an education on steroids.”

Mike Simmons

 
 
Thank You for Listening!

Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook

 
Help Out the Show:

Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one.
Subscribe on iTunes.

 
Resources and Links From Today's Show:
Previous Episode with Erin
Financial Freedom Summit
Erin’s Website
Erin on Facebook
Erin on Instagram
Erin on YouTube



More Resources From Mike:

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
WINNING DIRECT MAIL - How to CRUSH IT with direct mail!





From Military Mom to Full-Time Real Estate Investor Helping Other Military Members Build Wealth with Erin Helle

Today's Guest: Chris Logan
I am excited to have my friend and fellow investor, Chris, on the show today! He is a super smart investor that is passionate about teaching people how to invest outside of their home market.
 
Highlights From The Show:
We start the interview as we always do by getting some of Chris’ background and how he got started in real estate investing. He was introduced to real estate (like so many others) by reading Rich Dad Poor Dad and then signed up for an investing course with his wife, Heather. They began their business by wholesaling properties and Chris said during that time they tried fix and flipping, but that strategy did not appeal to them. They built their wholesaling business into a 7 figure business and wanted to focus on the one thing that they were really good at.
 
We then discuss wholesaling in markets other than where one lives, which is what Chris primarily does. He said when he is picking a new market, he looks at the population and median home prices. I asked him what specifically he is looking at regarding the population and he said they look for a population between 250,000 and 500,000 people because you know that many houses will be bought and sold and also that it is an area that people want to be in. Chris also recommends using the power of local Facebook groups to build your buyers list and network.
 
Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Chris Logan to learn the ins and outs of virtual wholesaling!
 
Notable Quotes:
“You are just going to drop value, I know it.”

Mike Simmons

 
“Rich Dad Poor Dad is like the gateway drug for real estate investing.”

Mike Simmons

 
“Flipping is more of a construction business and wholesaling is a sales and marketing business.”

Chris Logan

 
“I am not the biggest fan of flipping, either. I get burned out with the contractor situation.”

Mike Simmons

 
“It is not like you take a wholesaling course and then money starts falling from the sky.”

Chris Logan

 
“We don’t start investing in a market because we want to be there - we follow the money.”

Chris Logan

 
“I like starting in an area where I have a runway to scale.”

Chris Logan

 
“I think you should build your buyers list before you market for sellers, especially if you are a brand new investor.”

Chris Logan

 
“Massive and perfect action is what you want to focus on.”

Chris Logan

 
“Our mentality is ‘keep it small, keep it all.’”

Chris Logan

 
“Let’s do deals together!”

Chris Logan

 
“Massive action is the cure for most things.”

Mike Simmons

 
Thank You for Listening!

Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook

 
Help Out the Show:

Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one.
Subscribe on iTunes.

 
Resources and Links From Today's Show:
Rich Dad Poor Dad
The ONE Thing
Mailchimp
Aweber
PropStream
Chris on Facebook
Virtual Wholesaling Made Simple
Mike on Facebook
 
More Resources From Mike:

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
WINNING DIRECT MAIL - How to CRUSH IT with direct mail!




Virtual Wholesaling Made Simple with Chris Logan

Today's Guests: James Svetec & Riley Oickle
One of the world's foremost Airbnb experts and the co-author of Airbnb for Dummies, James has helped over 1,000 students all over the globe leverage the power of short-term rentals as a vehicle for cash flow and wealth. James is the industry's go-to expert when it comes to mastering performance and streamlining operations. He consults with more than 600 property management companies around the world.
Riley is a Canadian real estate investor and mentor who specializes in multi-family residential investing through BRRRR and joint venture strategies. Throughout the journey of buying his first income property in the Southwestern Ontario area, he realized that there is a real need in the market to help people go through this process more easily. Today, he owns a real estate portfolio worth over $8 million and has helped new investors buy their first properties without wasting time and money on trial and error.



Highlights From The Show:
This is a continuation of the show we posted a couple of weeks ago, discussing the ins and outs of short-term rental investing. We talk about financing, management, software, the science behind listings, and so much more! Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with James Svetec and Riley Oickle and learn more about how to build a wildly successful short-term rental company!



Notable Quotes:
“Typically, management costs 20% of your revenue.”

Riley Oickle

 
“We find that if you have a short-term rental property 1-2 hours outside of a major urban area, it is a great opportunity for people to staycation.”

Riley Oickle

 
“I would love to have the company motto: I don’t do anything personally, but my company handles everything in-house.”

Mike Simmons

 
“Almost all issues will come from one-night stays.”

James Svetec

 
“The check-in process is really important because it is your guest’s first impression of your property, so you want it to be very easy.”

James Svetec

 
“I am the baby boomer of the group.”

Riley Oickle

 
“We recommend that people price their STRs manually at the beginning.”

James Svetec

 
 
Thank You for Listening!

Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook

 
Help Out the Show:

Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one.
Subscribe on iTunes.

 
Resources and Links From Today's Show:
Minut Noise Monitoring
NoiseAware
Nest
August Lock
Hostaway
Hostfully
PriceLabs
AirDNA
AllTheRooms
Mashvisor
Motel Makeovers
BNB Inner Circle
James on Instagram
Riley on Instagram
 
More Resources From Mike:

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
WINNING DIRECT MAIL - How to CRUSH IT with direct mail!


Live Q&A - Team Roles and Responsibilities, Remote Teams, New Wholesalers, and Forming an LLC

Download our free app to listen on your phone