Ep 22 - Financially Free at 9 STR Units Using Creative Financing with Scott & Heidi Huggins

GUESTS BIO

Scott Huggins - Buy’s apartment communities in strong economic markets in the Southeast. We have over 21 years of experience in real estate investing. We are experts in short term rentals (STR) and 4 time Airbnb Superhost and recently earned Airbnb's highest status as AirPlus designated host.

Heidi Huggins - Heidi Huggins is a successful Realtor working with one of the top real estate firms in the nation. She also is working toward partnering with investors for commercial and multi-family units. After personally flipping many single-family homes and working on the residential side of the market she has learned the ins and outs of what it takes to turn a lifeless house into a beautiful place a family can enjoy and call home. Heidi also just ventured out and recently took 5 of her residential flips and turned them into a fantastic STR property. Wanting to always go to the next level, she is going into purchasing apartment buildings and other commercial properties from emerging market areas. She is striving to bring more value to renters. “People want to feel safe and feel good when they go home after a long day of work or school. I want to create that space they will love to come home to. My vision is to tell my story all over the world and become a life-changing speaker and coach. “I have to give back because so much has been given and given back to me.”

HIGHLIGHTS OF THE EPISODE

03:06  Scott and Heidi’s Introduction.

04:09  Scott and Heidi’s background and how they got into short term rentals.

05:14  First deal walkthrough.

06:07  Creative financing at a high level.

08:29  Some lessons that helped them get to 9 units.

10:17  How they manage some of their property units.

11:39  How they structure their acquisition fees for their agents.

12:42  Using agents for any type of deals.

13:25  What investor relations look like for Scott and Heidi.

16:49  How they’re targeting properties to short term rent.

18:45  Scott and Heidi’s primary strategy right now.

20:44  Using a multiple offer approach to build your STR portfolio

22:10  Where do they see the short-term industry in the next couple of months from now?

23:11  What they did when COVID hit.

24:46  How they find relocation, placement agencies, and insurance agencies to work with?

26:32  How has Scott and Heidi’s operation evolved and types of systems they use?

31:08  How dispersed are their 9 units?

32:15  How do they pay their employees?

33:04  An Airbnb ninja cleaning fee tip!

35:03  Their high-end storage unit.

36:16  Doing short term rentals is more fulfilling.

38:55  Some great things that happened this year.

39:56  “We were doing everything.”

41:17  Where can we learn more about Scott and Heidi Huggins?

41:44  Their number 1 secret to success for short term rentals.

43:03  Watch out for our Halloween special soon here on the Short Term Rental Secrets!

CONNECTING WITH THE GUESTS

Website: https://www.stayfuncharleston.com/book

 Email: Scott@stayfuncharleston.com

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