The Active Duty Passive Income Podcast ADPI_206: 3 Ways To Win In The STR Game With Joe Riley
In this episode, Joe Riley of Patriot Family Homes joins Kevin and special guest Co-Host Chris Lockwood to break down how he turned a simple house hack into a MASSIVE nationwide short-term rental business. We talk pros, cons, and everything in between in this one. If you're thinking about getting into the short-term rental game or already have a few STRs working for you, you definitely won't want to miss this one.
"Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."
Here are 5 Key Takeaways from this episode:
- Figure out how to turn everyday things into cash-flowing assets
- If you have an STR, don't sell yourself short to achieve 100% occupancy
- Use software like PriceLabs to help adjust and track your pricing models
- Buy, Manage, and Arbitrage - the 3 ways to get started in STRs
- STRs offer much more flexibility than traditional rental units (and cash flow more too)!
Honorable Mentions & Useful Links
Connect with Joe:
Are you looking for a loan for your next project? Look no further! Check out ADPI Financial Services for all of your residential and commercial lending needs!
No Time...No Worries! Get all the info you need now by texting DEAL to 33777
Get your 13-Week Action Journal using this special offer just for our faithful podcast listeners!
Need help structuring your future Real Estate Empire? Click this special member's only link to book your FREE Consultation with a Senior Strategist at Anderson Advisors ($2,500 value)!
Helpful Resources
Connect with the ADPI: Facebook | Instagram | YouTube
Schedule a FREE Freedom Coaching Call with Mike
Ready to TAKE ACTION and begin building your cash-flowing real estate empire? Don’t go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy
Thinking bigger? ADPI's exclusive Military Multifamily Academy and Mastermind Waitlist is open now! Sign up to reserve your slot in the most comprehensive, affordable, and educational multifamily real estate course on the web!
Please Subscribe, Rate, & Review on Apple Podcasts
Thanks for tuning in to this week's episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews has inspired you to pursue your dreams of financial independence, please do me a personal favor and head over to Apple Podcasts, subscribe to our show, and leave us a 5-star review.