Short Term Rental Secrets Podcast

A mindset of continual learning opens doors. Personal reflections from birthdays and travels lead into key insights from the Boutique Hotel Con, focusing on storytelling as a tool for raising capital. The importance of clarity in investment goals and setting manageable objectives is emphasized. Listeners are encouraged to confront limiting beliefs and embrace a supportive community to foster growth. Additionally, practical strategies for decision-making and maintaining accountability are discussed, making it a rich source for aspiring short-term rental entrepreneurs.

Kim Herrlein is an expert in luxury short-term rentals who now focuses on boutique hotels. In this discussion, she shares her journey from managing high-end STRs to transforming hotel properties. Kim emphasizes the importance of acknowledging knowledge gaps and fostering team collaboration. She highlights the unique design challenges and operational differences between short-term rentals and boutique hotels. With a community-driven approach, Kim reveals her strategies for creating curated guest experiences while navigating the evolving hospitality landscape.

E interviews Bob LaChance, an ex-professional hockey player turned real estate expert, who has completed over 2000 transactions since retiring in 2004. Bob discusses his extensive real estate journey that includes successful ventures in rehabbing, short sales, and now, virtual assistant services for real estate professionals. He emphasizes the importance of perseverance in the 'long game' of real estate and shares insights on hiring and integrating VAs into a business. Bob also touches on adapting his sports experience to business, maintaining balance, and his future plans in real estate and VA services.00:00 Introduction to the Long Game in Real Estate00:20 Host Introduction and Event Updates00:58 Guest Introduction: Bob LaChance's Journey01:31 Diving into Real Estate Strategies03:02 The Importance of Virtual Assistants05:17 Understanding Short Sales08:34 The Athlete's Mindset in Business12:54 Hiring and Managing Virtual Assistants29:46 Balancing Business and Personal Life30:32 Conclusion and Contact InformationBob Lachance's BioBob Lachance is the founder and CEO of REVA Global, the leading virtual assistant staffing company for real estate professionals. A former professional hockey player, Bob spent eight years on the ice, dividing his time between teams in the United States and Europe. After retiring from hockey, he transitioned to real estate and acquired his first flip in 2004. Over the course of his career, Bob has successfully closed over 2,000 transactions including over 240 deals in 2022 and over 180 in 2023. He is also the co-founder of PurchRock, a real estate investment firm in Connecticut specializing in all types of RE investing including short-term rentals, single-family homes, and more.Connect with Bobhttps://www.instagram.com/revaglobalvahttps://www.facebook.com/trainedvirtualassistantshttps://www.tiktok.com/@revaglobalhttps://www.youtube.com/@revaglobalhttps://www.linkedin.com/company/reva-global-llcConnect with the HostsMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/mikesjogrenEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices

Gil Chan, founder of Crafted Stays, transitioned from a high-income tech career to revolutionize short-term rentals with user-friendly direct booking websites. He shares insights into overcoming the anxiety of relying on platforms like Airbnb and the importance of understanding your ideal guest. Gil discusses effective revenue management strategies and time management tips that emphasize balance and personal joy in business. This engaging conversation highlights the transformative effects of passion in entrepreneurship within the rental market.

E sits down with Jason Muth, a member of our mastermind, who transitioned from working a W2 job in the media business to successfully running a thriving co-hosting business in the short-term rental market. Jason shares his journey, his participation in significant events like the STR WealthCon in Miami, and his strategic niching down in locations like Provincetown. They discuss the importance of investing in fulfilling ventures, tools and systems used for property management, and the value of rebranding and investing in oneself. Jason emphasizes the importance of confidence, purposeful work, and creating a legacy for his family. The episode concludes with practical advice for those considering taking the leap into the short-term rental business.00:00 Introduction and Priorities00:17 Host Update and Personal Anecdotes01:05 Guest Introduction: Jason Mute01:59 Onboarding New Properties and Market Strategy03:36 Jason's Journey in Real Estate04:16 The Decision to Co-Host09:00 Rebranding and Community Focus13:45 Niching Down in the Market18:11 Purpose and Fulfillment in Work23:25 The Reality of Retirement23:59 Rewriting Your Identity26:07 Diving into Real Estate27:51 Networking and Conferences30:48 Investing in Yourself34:43 Tech Stack and Team39:58 Final Thoughts and AdviceJason Muth's BioJason Muth is a full-time real estate investor and entrepreneur. He is the co-founder of Prideaway Stays - Provincetown and the owner/operator of Straightfoward Short-Term Rentals. Jason is a 29x Airbnb Superhost and 28x VRBO Premier host. He also hosts and produces a podcast called The Real Estate Law Podcast. Jason stepped away from W-2 life after decades of work at some of the biggest media companies in the country (Comcast / NBC Universal, iHeartMedia, and others) becoming a full-time entrepreneur in 2022 when his ongoing real estate investing side hustle became more profitable than corporate life.Connect with Jasonhttps://jasonmuth.com/https://www.youtube.com/@therealestatelawpodcasthttps://www.realestatelawpodcast.com/https://prideawaystays.com/https://www.straightforwardstrs.com/Connect with the HostsMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/mikesjogrenEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices

Dave Conway, a renowned speaker in sales philosophy and personal development, shares insights on the transformative journey of self-image in achieving goals. He emphasizes shifting from mere goal-setting to developing passionate desires. Listeners learn about the three D's—desire, decision, and discipline—as vital for personal change. The discussion also touches on embracing setbacks as growth opportunities and encourages engagement through live events and a free masterclass for further learning. Conway's motivational insights inspire courageous goal pursuit.

Michael Elefante, a dynamic short-term rental investor and coach, shares his inspiring journey from a dull corporate job to financial freedom through real estate. He discusses the significance of building a personal brand and the exciting challenges of launching an investment fund. Michael emphasizes the balance between ambition and a fulfilling lifestyle, the transformative power of mentorship, and the importance of community in business growth. Plus, he offers invaluable insights on dominating the short-term rental market with creative strategies.

Lamé Kinikini, founder and CEO of Elk Ridge Management and a creative finance expert, shares his inspirational journey from sales to managing 180 rental properties. He discusses essential mindset shifts for success and emphasizes the value of effective communication in building relationships with sellers. Lamé unveils actionable strategies for raising capital and acquiring properties through innovative financing methods. His insights on overcoming emotional challenges and creating strong business processes provide valuable guidance for anyone in the short-term rental industry.

Explore how to balance business and life as Mike and E discuss creating a fulfilling, time-efficient work routine. They introduce a seven-step framework to elevate your role as a CEO, focusing on defining your perfect week and understanding your needs. Learn about the importance of effective hiring, leadership, and developing systems for accountability. The duo emphasizes the transition from chaos to clarity for entrepreneurs and the significance of monitoring business metrics to track progress. Time freedom is a key theme, advocating for a disciplined approach to work.

In a milestone celebration, the hosts reflect on their journey and the highs and lows of entrepreneurship. They discuss the importance of resilience during tough times, especially the pandemic, and how launching a podcast transformed their network. Insights are shared on navigating the current real estate market, emphasizing opportunities in property investment and co-hosting. They motivate listeners on goal setting, overcoming fear, and taking bold actions to unlock potential, highlighting that growth often comes from embracing uncertainty.