Is Ar D and a for R v Rentals?

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There's no set standard of how to handle vacation rentals, and so they've left it up mostly the local municipalities to make the rules. Some areas require you to remit, like, quarterly or monthly payments to them for taxes. There's all kinds of different rules and laws and regulations depending on the area. It's easy for a city council who knows nothing about vacation rentals to just make a law because they have angry constituents saying, it a party house next me. But at the same time, i think it scares people away from doing air b and b.

In this week’s episode, Robert Leonard talks with Kirby Atwell about house flipping, how to weather economic recessions in real estate, how to find deals, building processes and systems, short-term rentals via Airbnb, finding good Airbnb markets, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:40 - All about house flipping.

05:26 - How to weather economic recessions in real estate.

13:35 - How to build processes and systems in real estate.

16:51 - Why house flipping is a job.

21:09 - How to find real estate deals.

25:41 - How to find good markets for Airbnb/short-term/vacation rentals.

48:43 - How to screen short-term renters.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Get more content from Robert.
Robert Leonard’s book The Everything Guide to House Hacking.
Gary Keller and Jay Papasan’s book The ONE Thing.
Gary Keller’s book The Millionaire Real Estate Investor.
Related episode: Listen to REI097: Deep Dive into My RV Rental w/ Robert Leonard, or watch the video.
All of Robert’s favorite books.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.