In this can’t-miss throwback episode, Kevin and special guest co-host Chris Lockwood sit down with Joe Riley of Patriot Family Homes, who reveals how he transformed a simple house hack into a booming nationwide short-term rental empire! From the pros and cons to the nitty-gritty details, we cover it all. Whether you’re just dipping your toes into the short-term rental game or already have a few properties in your portfolio, this episode is packed with insights that will take your STR business to the next level! Don’t miss out—tune in now!
"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:
Do you want to join a community of like-minded Military Real Estate Investors offering real estate education that actually works while celebrating camaraderie, and competition, and fostering a spirit of support?
Introducing ADPI Campus™ - the premiere platform and online space for Military Real Estate Investors worldwide! Podcast listeners can JOIN ADPI CAMPUS FOR FREE now and get in on the action!
Helpful Resources
Connect with the ADPI: Facebook | Instagram | YouTube
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.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.