Thanks For Visiting

279. Make More Money, Honey: Hacking the STR Business Model with Rachel Richards

Aug 10, 2023

54:43

Creator website

Episode guests

Rachel Richards

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Rachel achieved financial independence through real estate investing at a young age.

Rachel emphasizes the importance of personal growth, happiness, and pursuing passions.

Rachel shares investment hacks, like operating a cash-efficient boarding house, and the value of taking action despite fears.

Deep dives

Personal Growth and Financial Independence

Rachel is focused on personal growth and healing post-divorce, aiming to be the best version of herself. She plans to explore hobbies like playing the piano, learning languages, salsa dancing, hiking, traveling, and weightlifting. Rachel emphasizes the importance of finding happiness and reaching her full potential.

Introduction

3min

How to Maintain Your Property's Image and Reputation

3min

Rachel Richards: The Best Selling Author of Money Honey

2min

The Importance of Listening to Money Honey

6min

How to Scale Your Portfolio in Under 3 Years

5min

How to Make Money on a Boarding House

2min

How to Turn Your Property Into a Boarding House

3min

The Importance of Having a Real Estate License

2min

How to Write a Book and Grow Your Social Media Presence

3min

10.

How to Make Your Short Term Rental Feel Like a Million Dollars

2min

11.

Hostley's Direct Booking ROI Calculator

2min

12.

The Importance of Hiring a Property Manager

6min

13.

How to Dismantle Your Real Estate Portfolio

3min

14.

How Money Honey Rachel Attacked a New Market

2min

15.

The Importance of Proper Rents

6min

16.

How to Manage an Airbnb Rental

2min

17.

The Importance of Time in Business

3min

18.

How to Rent a House in Denver

3min

19.

How to Increase Your Revenue by 187%

2min

At the age of 27, Rachel Richards quit her job and retired. She is now living off $20,000 per month in passive income. Rachel is the bestselling author of “Money Honey” and “Passive Income, Aggressive Retirement.” She built a real estate portfolio of 38 rental units by the age of 26. She makes the topic of money management fun, entertaining, and simple for her 250,000+ millennial followers.

We talk about the advantages of being an out-of-state landlord, her mental health journey during her busiest years, how she’s reframed failure, and making sacrifices while scaling up. Rachel also shares some incredible investment hacks, like operating a cash-efficient boarding house and leveraging a real estate license to better survey a market’s listings.

Rachel helps women feel excited, capable, and confident about their financial futures. And listeners, just wait because Rachel is vulnerable, honest, and is going to help you just keep going right now, especially if you're going through something tough. This is the episode for you.

Resources:

• #STRShareSunday: @archhouse_wa

• Passive Income: www.moneyhoneyrachel.com/passiveincome

• Website: www.moneyhoneyrachel.com

• Instagram: www.instagram.com/moneyhoneyrachel

• Money Honey: https://amzn.to/3QhLVyH

• Passive Investment, Aggressive Retirement: https://amzn.to/43E2Oqh

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!