Jake Stenziano is the best-selling author of Wheelbarrow Profits. Gino Barbaro is an investor, business owner an entrepreneur. Together, they co-founded JakeandGino.com, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing: Buy Right, Manage Right, and Finance Right.

Jake, Gino, and I talk about how they started their business and made sure that they were a right fit to become business partners. We talk about why they invested in multifamily property right away, how they’ve steadily increased the number of units they own, and how they’ve added education and property management to their wheelhouse as well.

Find complete show notes and more information at therichergeek.com/podcast.

Today’s topic, the ROBS 401k program, is one that I would have loved to know about myself a couple years back. To talk about ROBS and whether it might be the right fit for you, we’re joined by Storm Miller.

Storm Miller is a National Account Manager with Benetrends Financial. Benetrends is focused on helping entrepreneurs live their dreams and succeed in business ownership. With 35+ years of expertise and a dedicated team of over 80 experts, Benetrends offers a wide array of funding vehicles and solutions for entrepreneurs.

Storm tells us all about the ROBS (Rollovers for Business Startups) 401k program and how it allows you to use retirement funds to set up or purchase a business. Storm and I discuss some of the requirements for participating in this program, why it’s become a go-to option for people buying franchises, and how you can use the ROBS 401k program to diversify your investments.

Find complete show notes and more information at therichergeek.com/podcast.

Today’s guest has cleverly combined her software and engineering background with her family’s vacation rentals and come up with a clever solution for short-term property owners and managers. It’s a clever piece of software that can make the short-term rental experience more enjoyable for everyone!

Nicole Kato has been a working in the hotel & hospitality space for 7+ years. Nicole started her career working for the Disney Parks and eventually became a property manager in Destin FL. 

Nicole and I begin by talking about how and why she and her family started investing in short-term rental properties. We talk about her early career, how she transitioned into the hospitality space, and some of her experiences (good and bad) as a short-term property owner. And Nicole talks about the software she created, Puddy, which provides guests with up-to-date information about their vacation rental while giving hosts peace of mind throughout the process.

Find complete show notes and more information at therichergeek.com/podcast.

If you’re thinking about jumping into the short-term rental market, it can be useful to hear from someone who’s just taken that leap themselves. Today we’re lucky to have Skyler Whorton with us, because he’s recently become the owner and operator of a spectacular Airbnb himself!

Skyler Whorton and his partner Madison are passionate about creating a unique travel brand and luxurious destinations for people to enjoy. Their short term rental The Ollie Scottsdale is a gorgeous property in Scottsdale, Arizona that has been designed to evoke a beautiful, restful, one-of-a-kind desert experience.

Skyler and I talk about why he and his partner decided to buy a short-term rental property and how this decision has played into their collective strengths and interests. We also talk about what they’ve learned so far, how they’ve selected products to feature at The Ollie, and how they’ve taken a different approach to managing their property.

Find complete show notes and more information at therichergeek.com/podcast.

We’re continuing our miniseries on short term rentals this week with another fabulous guest, Nicole Herman! If you’ve ever looked on Airbnb, VRBO, or another short term rental marketing platform, you probably noticed the huge range of options available - from sparsely furnished rooms with one pillow to luxurious, beautifully designed homes. It’s no surprise that those aesthetically appealing places get booked more often - so are you maximizing your short term rental’s bookability, beauty, and revenue?

Nicole Herman has been a professional interior designer for over 12 years, working with local boutique restauranteurs, five-star luxury hotel clients and many well-known and internationally recognized brands. She was inspired by the growing trend of the hospitality world colliding with the residential world. Through The Social Home, Nicole is using her wealth of knowledge from her Hospitality background to help hosts optimize their properties by turning them into their very own Tiny Boutique Hotels.

Nicole and I chat about her career as an interior designer and what inspired her to start working with owners of short term rentals. She talks about her design process and how she works with clients to create an inviting space that people can’t wait to book. We also discuss the many reasons to hire an interior designer and why it’s an investment that doesn’t need to break the bank & can pay huge dividends.

Find complete show notes and more information at therichergeek.com/podcast.

Short term rentals have become even bigger players in the real estate investment world with the rise of platforms like Airbnb and VRBO. These flexible properties can bring in a lot of extra income, especially if you own properties in a popular vacation destination. There’s an art to making good money with your short term rental, and today we have an expert here with us to explain where and how you can make the most of your Airbnb.

Carissa Vivirito brings over 17 years of real estate and digital marketing experience to her business. Her deep love for empowering people, proven marketing expertise, and hands-on personal experience as a buyer, seller, investor, landlord, interior designer, and general contractor make her an expert in the short-term rental space.

Carissa and I talk about why short term rentals have become such a popular investment and vacation option and what to look for when you want to buy one. We discuss marketing and making your listing stand out, managing the property, and how to protect yourself and your assets.

Carissa shares tons of practical, actionable advice with us today - and even though she is based in Arizona, a lot of her recommendations could be applied to any short term rental.

Find complete show notes and more information at therichergeek.com/podcast.

If you’ve ever been hit with a big tax bill, you know the feeling of wishing you’d done more to protect your investment income. We had this experience somewhat recently when we chose not to do a 1031 Exchange - which we’re talking about today - and instead paid taxes on our capital gains from a big property. You can bet that we wished we’d pursued the 1031 Exchange route!

Greg Schowe is a 16 year real estate veteran versed in Commercial, Investment and Farm transactions. He’s a sought after speaker and trainer on the topic of 1031 Exchanges throughout the Midwest. He’s here today to share his expertise about 1031 Exchanges and why they can be such a powerful tool for building your real estate wealth.

Greg and I start off by defining 1031 Exchanges and talking about how to do this. We talk about the necessary participants in a 1031 exchange, why you need to have a trusted qualified intermediary, and some questions you should ask this player. Greg shares the rules of 1031 Exchanges, the numbers you need to remember, and why finding a replacement property in 45 days can be challenging.

Find complete show notes and more information at therichergeek.com/podcast.

There are so many people out there running side-hustles and building wealth outside the hours of their 9-to-5 day job. I found out recently that one of my peers is a longtime property manager and now real estate investor, so of course we had a chat about all things investing. Thanks to his years of experience, our guest Michael McCullough has some incredibly helpful advice for finding the best property manager for you and your investments.

Mike McCullough begins by sharing a bit about his background and how his family’s generational interest in property introduced him to the industry as a young man. We then talk about why it’s important to have a property manager who incorporates the owner’s perspective, some of his experiences with managers as an investor, and what to keep in mind when you’re looking to hire a property management company or individual.

Find complete show notes and more information at therichergeek.com/podcast.

Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000, owns multiple investment properties in various states, and is a licensed California Real Estate Broker.

Dmitriy is an expert on solo investment options, and today we’re doing a deep dive into the solo 401k investment vehicle. We talk about who might benefit from investing in a solo 401k, why it’s such a good option if you do any work for yourself, and the requirements for investing in one. We also discuss the timeline for opening a solo 401k and why it’s such an excellent option if you’d like to make alternative investments.

Find complete show notes and more information at therichergeek.com/podcast.