GUESTS BIO
Addison Ricci - is a new real estate investor with huge aspirations. After spending nearly a decade in video production he decided to try his hand at real estate investing to build passive income. He currently owns 2 short-term rental properties in Knoxville, TN (while living in Florida), and plans to expand and acquire more over the next couple of years.
HIGHLIGHTS OF THE EPISODE
04:30 Addison’s background
07:52 What Addison learned ever since they started the business in February 2020?
09:16 The dynamic for Addison’s STR operations.
10:44 The types of software or technology that they are using to help streamline their operations.
11:46 They’re doing the Airbnb platform exclusively.
13:14 What are their plans/strategy to go from 2 units to 30 units.
15:52 How Addison rent their 2 properties in one lot.
16:40 Their plan/goal for their next property.
17:41 How much would Addison get from a long term rental compared to a short term rental.
18:59 Whatever real estate strategies you use always make sure it still cash flows.
20:00 How Addison enrolled his Mother in the short term rental business.
23:53 Some of the things that they do to make their listings stand out.
26:06 Who’s doing the cleaning and the supplies.
29:38 Addison’s definite goal in short-term rentals.
30:53 Will Addison go full time on real estate or just as a side portfolio and still do his full-time job?
32:48 Putting all the eggs to this aspect of real estate.
35:21 Where can people get in touch and see Addison’s properties.
35:46 Addison’s number 1 secret for success in short-term rentals.
36:33 Addison’s best advice to start your own short-term rental business.
NOTABLE QUOTES (KEY LESSONS):
"We're not just buying houses and making them fit. It's like building this stays that
is intended for just being perfect stays." - Addison Ricci
"Keep it simple especially at the beginning. Kind of, learn the ropes, do what you're doing, really figure out how to find/tune your operations and your systems. Then if you want to expand go nuts but it's not an essential thing." -Michael Sjogren
"Just staying flexible with these stays, I think is really key." - Addison Ricci
"You can create a project with your family and it's a way that you can create
something that can change the life of everybody, now." - Emanuele Pani
CONNECTING WITH THE GUESTS
Instagram: https://www.instagram.com/straddison/
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