Blake Dailey returns to “Living Off Rentals” with an incredible investing strategy that is generating stagering cash flow!

As he continues to dominate the short-term rental space, today’s guest looks back and discusses the lessons he learned about motel-to-Airbnb conversions, AirBNB as a hospitality platform, and his ultimate goal.

If you want to learn how you can maximize your AirBNB listing or are looking for super high cash flow strategy, this episode is perfect for you!

Key Takeaways:[03:33] Quick refresher on Blake’s background and how he got started with short-term rental property investing.  

[07:31] What are his listing strategies and what do the numbers look like for the property he’s currently working on?

[20:10] The progress of Blake’s motel conversions and how it continues to be an income stream for him.  

[29:26] Commending higher rates for Airbnb as a bigger platform in comparison to hotel prices - is it possible?

[25:41] Refinancing short-term rental properties through a bank - how does it work and what are the necessary processes needed to complete the transaction?

[45:13] Is there a reason why Blake keeps on biting the leather for 7 years and what could the end game possibly be?

[50:15] The things that Blake wished he knew before beginning hotel conversions and the lessons he learned throughout the process.

Guest Resources:Instagram - https://www.instagram.com/blakejdailey/

Show Resources:90-minute Live Masterclass Registration - https://www.livingoffrentals.com/start

Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

The #1 topic that comes up in this community is questions around funding.

It makes sense that this so discussed right now, because often financing can feel daunting, and due to the current economic environment, it seems like financing options and terms change almost daily!

So in this interview, I wanted to bring on someone who is lending to rental property owners at a high volume, so you could hear directly from him where things stand.

My guest for today is Brandon Campbell, the Senior Sales Manager of Lima One Capital. 

In this interview he demystifies investment property financing and shares what you can expect when it comes to getting a loan for your next rental and how to set yourself up for success!

Enjoy!

Key Takeaways:[02:09] Brandon shared how he started his journey as a sales personnel and eventually became a senior sales manager.

[05:20] What’s the difference between Lima One Capital as a specialty lender and traditional banks?

[07:28] Brandon discusses the most common investment/finance products and their differences.

[15:57] Common pitfalls as to why your deal may not get funded and what you can do to overcome these concerns.

[21:53] Is there a specific amount needed for a downpayment or a limit to how many loans one can get to buy a property?

[27:34] The rise of interest rates and how it impacts lenders, property values, loans, and more.

[45:04] Is there a particular strategy that yields the best results or methods that makes property owners experience financial troubles?

Guest Resources:Email - [email protected]

Phone Number - 864-404-8442

Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

After an unfortunate incident, EOD team leader, Aaron Hale became blind and deaf. However, this tragedy would soon become a turning point in his life as he discovered the value of looking beyond his disabilities and creating a better life for himself and his family. 

In this episode of Living Off Rentals, Aaron Hale shares the valuable lessons he learned, the experiences he’s had, and the success he achieved by standing up to the challenge and refusing to let his circumstances to be his defeat.

Prepare to be inspired!

Key Takeaways:[02:53] Aaron Hale shares his experiences in the army, how he sustained his injuries, and the importance of asking himself, “why is this happening for me?’

[14:55] He recalls how he pushed himself to start walking again and eventually was able to run.

[19:45] What it’s like starting out in real estate investing? 

[24:15] How does “buy, rehab, rent, refinance, repeat” work?

[27:53] Aaron’s current strategy for buying properties nowadays. 

[30:28] How Aaron makes the partnership work such as dividing roles and other tasks. 

[33:41] The advice Aaron shares for listeners who feel like they’re going through a rough time in their lives.

[37:16] Current technologies that allow Aaron to navigate the world with ease despite his disabilities.

[40:41] He discusses the challenging yet fulfilling aspects of being a blind and deaf parent. Guest Resources:Website - https://eodfudge.com/

LinkedIn - https://www.linkedin.com/in/aaron-hale-1861477/ Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Today’s guest is definitely the embodiment of what it’s like to live off rentals - and succeed!

From her humble origin story, to the biggest mindset shift she had, Zeona McIntyre is on the mission of helping others rise up from debt and financial difficulties to achieve financial freedom and independence with the help of short-term and medium-term rentals.

If you want to learn how she did it all, better tune in to this episode.

Key Takeaways:[03:16] Zeona recalls how her friend made $50K from sub-leasing and that inspired her to make the move as well. 

[06:54] Was it weird to have a guest in your home at first before AirBNB became widely known?

[10:03] She discusses the point in her life where she felt she achieved financial freedom.

[12:11] Zeona answers the question, “if listeners today replicate what you did 10 years from now, do you think they can achieve financial independence as well?”

[13:23] She compares the changes she observed in the market of short-term or medium-term rentals from before and now. 

[16:58] What are the properties that can work for house-hacking and what are your tips for getting started on this?

[20:25] The financing difficulties that she struggled with as she pushed through with the house-hacking strategy and how she helps individuals to get started with their ventures. 

[22:00] Why she made the switch from buying property to managing them? 

[28:37] The biggest mindset shift Zeona has from being $50K in debt to living off rentals now. 

Guest Resources:Website - https://www.zeonamcintyre.com/

Calendly link - https://calendly.com/zeona

Bigger Pockets - https://www.biggerpockets.com/blog/biggerpockets-podcast-229early-retirement-short-term-rental-properties-zeona-mcintyre

Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Accounting or bookkeeping are topics that naturally make a lot of people, and even entrepreneurs, uncomfortable. Despite the negative connotation about it, bookkeeping and accounting are integral business functions that can dictate the success of your business venture. 

In this episode of Living Off Rentals, Jessica Lawrence weighs in on why businesses fail and what you can do to prevent or manage the risks associated with it. 

Key Takeaways:[03:05] Jessica lists her inspirations and why she started her bookkeeping company.

[07:00] Guided by her knowledge and experience, is rental property a profitable strategy to pursue?

[15:44] Jessica shares her recommendations to make budgeting more manageable. 

[19:36] Differences between working with a bookkeeper and an accountant. 

[23:05] She weighs in and explains the top reasons why businesses fail. 

[27:00] Jessica discusses how she works with clients 

[28:05] What type of rentals is Jessica investing in right now?

[33:23] Jessica shares her overall goals - increasing her real estate portfolio and progressing her career as a bookkeeper. 

[36:25] She elaborates on the purpose of her book, “Face your finances.”

Guest Resources:Website - https://bnbbookkeepers.com/

Face your finances book - https://www.amazon.com/dp/B09LGVYNVX

Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

How is it that some people seem to be able to achieve mind boggling results in a relatively short period of time, while others struggle with the day to day.

I've always been fascinated with deconstructing the practices, mindset, and habits that lead to phenomenal outcomes.

Jason Yarusi is a perfect example of someone who embodies these practices.

In his quest to find ways to regain control of time and earn money, he stumbled upon multi-family rentals and has seen results in five years that most don't have in a lifetime.

In this episode we talk about why Jason wakes up at 4:32 am every morning and his recommendation for anyone starting out in multifamily investing.

Key Takeaways:[02:41] Listen as Jason shares how he got involved in multi-family rentals. 

[09:03] Jason elaborates on the many benefits that he currently enjoys because of this opportunity.

[10:37] A glimpse of the daily work that Jason does and how different it is from focusing on a single-family property.

[19:00] Differences in the lending situation in the midst of the pandemic.

[24:09] How do you decide on the effectiveness of the market cycle and invest in multi-family properties?

[28:52] Jason explains how he tackles overwhelming tasks and massive goals by taking a courageous single step. 

[34:55] The magic of waking up at 04:32 and how he can squeeze in running 100 miles a day. 

[39:39] What’s the process of raising private money?

[44:02] The greatest piece of advice that Jason received.

Guest Resources:Website - https://www.yarusiholdings.com/

Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

What would it be like to be able to quit your job and rely on the income from rental properties instead? In this episode, Kirby Attwell introduced Jason Snider and Jamie Karbel, two proven long-term rental property experts, who have had incredible success recently in the short-term rental space.

Jamie and Jason direct us to the best approaches to earning revenue from short-term rental properties. Dive into this podcast to understand what helped them find so much success in such a short period of time.

Key Takeaways:[04:00] Jason Snider shares his journey with Jamie Karbel and how they significantly bounced ideas off each other for business planning.

[07:26] How did Jamie and Jason achieve their first rental purchase and add other infrastructure to that rental?

[8:25] Jamie Karbel describes the process of city visitation to locate their new bases.

[11:17] Consider the right environment when moving a rental property to be successful.

[12:20] Jason Snider emphasizes how they created an effective method to increase their ratings.

[15:27] Why does a unit need to be refurbished?

[17:08] Jason tackles the procedure they took in renovating the units.

[30:13] Jason and Jamie specify the advantages you can gain from short-term rentals.

[36:20] Figure out the drive to keep going when you face business problems and move on to the next step.

[38:10] Try to find the market that works better and fits your personality!

Guest Resources:Get connected to Jason Snider and Jamie Karbel directly through their mobile numbers:Jason Snider’s Cellphone Number: 248-3964-537Jamie Karbel’s Cellphone Number: 313-608-1117

Show Links: Follow us on our social media accounts for more updates!

Living Off Rentals YouTube Channel: https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group: www.facebook.com/groups/livingoffrentals

Living Off Rentals Website: www.livingoffrentals.com

Living Off Rentals Instagram: www.instagram.com/livingoffrentals

Living Off Rentals TikTok: www.tiktok.com/@livingoffrentals

Typically insurance is one of the last things real estate investors think about.

99% of the time, you don't need it and it is just an extra expense line item.

Until it isn't!

Investors will inevitably experience risks, including fire incidents, water damage, and other potential calamities.

In this episode, Andy Gurczak, owner of All City Adjusting, shares exactly what to do when disaster strikes one of your properties, and how you can protect yourself if the insurance adjuster does not provide fair compensation.

Key Takeaways:

[00:55] The start of episode 135.[01:05] Kirby introduced the guest speaker, a Licensed Public Adjuster who has helped many people receive their money in insurance claims.[04:50] Kirby stressed the importance of having a public adjuster who will fight on a client’s behalf.[05:49] Do we always need to hire a public adjuster or just in some cases?[09:44] How to know that the hired contractor or PA provides factual and legal claims?[15:49] Andy shared practical examples to negotiate the right amount of compensation with the insurance company.[21:15] If the client got a policy and set the replacement cost limit on it years ago, can it be automatically adjusted or will depreciation be taken?[23:49] Andy recommended the right companies where the clients could start working.[28:00] The guest shared helpful types of investments he has made.

Guest Resources:Get connected to Andy Gurczak - a licensed Public Adjuster directly or on his website:Andy Gurczak’s Cellphone Number: 708-655-4186Andy Gurczak’s LinkedIn: https://www.linkedin.com/in/andy-gurczak-528b9b64/ AllCity Adjusting Website: https://www.allcityadjusting.com/

Show Links: Follow us on our social media accounts for more updates!

Living Off Rentals YouTube Channel: https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group: www.facebook.com/groups/livingoffrentals

Living Off Rentals Website: www.livingoffrentals.com

Living Off Rentals Instagram: www.instagram.com/livingoffrentals

Living Off Rentals TikTok: www.tiktok.com/@livingoffrentals

The thing about success is that we always glamorize the achievement of the goal - whether it’s earning your first million, managing your first property, or leaving the 9-5 to invest in your first property. But, we never see the progression, the behind-the-scenes, or the nitty-gritty.

When Mark Dennis first guested on this show, he shared his triumphs, wisdom, and experience. Now, he’s back again to give you a glimpse of everything in between, of how he continues to thrive and how he manages overwhelming aspects of the business.

Tune in now and learn!

Key Takeaways:

[02:49] A quick glimpse of Mark Dennis’ background, his humble beginnings, and where he is right now in his real estate journey.

[07:50] A look into the progression of Mark’s business and how his system of virtual teams works together to get things done. 

[15:01] The impact of Covid-19 on his business, his virtual teams, and his personal life.

[21:31] Is there a business model, size, or property number that you’re looking to achieve before you can determine growth or fulfillment?

[30:35] Mark shares his thoughts regarding the future of Airbnb and of changes in the real estate industry. 

[35:00] He discusses the most memorable guest experiences and what you can learn from these encounters. 

[45:13] The importance of aligning your values with the business’s goals to achieve longevity and sustainability.

Show Links: 

Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals

Living Off Rentals Website - www.livingoffrentals.com

Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

Transitioning from a job, or the military, can be very disruptive and cause a lot of anxiety.  There are many unknowns that could come up, so transitioning with a solid financial footing can help make the process much smoother.

Having cash flowing rentals is a great option to help ensure you maintain a stable income while making the leap.

While investing in real estate is a growing industry for military families, many are struggling to accomplish their first deal. 

In this episode, Kevin Brenner shares tips to secure your first property, how he became a part of ADPI, and how you can make the most of your investment. 

Key Takeaways:[03:06] Kevin recalls how real estate set him free and the story of how he became a part of ADPI.

[10:06] He shares the first deal he ever made, and how he found the property, not on the internet, but on an old-fashioned listing.  

[16:16] Kevin discusses the kind of financing he obtained to secure the first deal and how he was able to obtain it.

[20:03] How does he manage his properties? Kevin also shares tips on managing properties for aspiring entrepreneurs.

[24:57] Kevin describes how personal experiences established the mission of ADPI. 

[32:02] He elaborates on what to expect when investors invest to ADPI and how to get started on investing.

[36:56] Kevin shares the most recent podcast guesting he made and the lessons he was able to gain through it. 

[41:24] How does the team be kept in alignment with the organization's core values and goals?

[44:41] He shares his tips for aspiring investors to make their first deal. 

Guest Resources:Website - https://www.adpicapital.com/

Show Links: Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals

Living Off Rentals Website - www.livingoffrentals.com

Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals