The Landlord Diaries FF105 $12K In Monthly Cash Flow From Innovative Pricing & Calendar Strategies w/ Bailey Kramer
Welcome to "The Landlord Diaries," where we bring you inspiring stories and insightful tips from the world of midterm rental real estate investing. In this episode, we dive into the remarkable journey of Bailey Kramer, a young entrepreneur who chose real estate over college and is now generating over $12k per month with his mid-term rental properties in Indiana, Illinois, and North Carolina.
At just 23 years old, Bailey's decision to forgo traditional education was influenced by the life-changing book "Rich Dad Poor Dad." Listen as Bailey shares his experiences overcoming the biggest obstacles as a young investor, securing his first property, and strategically growing his portfolio with the help of real estate partners found on the Bigger Pockets forum.
Discover Bailey's pivotal decision to sell his six investment properties during his senior year of college and his evolution to a mid-term rental strategy, where 50-90% of his bookings come from Furnished Finder. Bailey offers invaluable research tips for checking mid-term rental demand and supply in any area, along with calendar and pricing strategies to maximize cash flow and occupancy.
From understanding the importance of guest avatars to mastering out-of-state management, Bailey's insights will equip you with the knowledge to elevate your real estate investing game. Tune in to connect with Bailey and learn how his entrepreneurial spirit and strategic mindset can inspire your own real estate journey.
In This Episode, We Cover:
0:00 Intro- Welcome to The Landlord Diaries
2:45 The life-changing impact of "Rich Dad Poor Dad"
3:50 Overcoming large obstacles as a young investor
4:15 Securing your first property and growing your portfolio
7:15 Meeting real estate partners through Bigger Pockets
7:45 Bailey's shift to the mid-term rental strategy
13:20 Research tips for mid-term rental demand and supply
18:05 Calendar and pricing strategies for maximizing cash flow
33:15 The significance of guest avatars in your business
38:45 Key tips for out-of-state property management
Website Links:
https://www.furnishedfinder.com/
https://www.furnishedfinder.com/stats
https://www.furnishedfinder.com/Resources/PMResources
https://www.travelnursehousing.com/
https://www.facebook.com/groups/furnishedfinder.travelnursehousing/
Bailey’s Listings on Furnished Finder:
https://www.furnishedfinder.com/members/profile?u=bailey.kramer
https://www.youtube.com/@baileykramer
IG: @the_bailey_kramer
Join us on "The Landlord Diaries" for an episode filled with actionable advice and inspiring stories from the front lines of real estate investing.
Tune in now and connect with Bailey Kramer to start your own journey towards financial freedom!
The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.