It is no secret that the short term rental market is getting more and more saturated & it is getting harder for hosts to stand out in these crowded markets. Today I am joined by one of the nations leading brand experts, David Flanagan. If you have listened to me long enough, it is no secret that I believe there is HUGE upside in the short term rental space. However, you have to play the game correctly. And one of the most important skill sets your should acquire is learning how to stand out ...
Dec 10, 2021•1 hr 2 min•Season 1Ep. 47
Now is the time of year that most people begin to take their foot off the gas pedal. People tend to relax and begin to procrastinate during the holiday season. Thanksgiving, Christmas & New Year's are holiDAYS not holiMONTHS. Most people start to relax, make excuses & push things off until the first of the year. You may even have a tendency to take it easy right now. This is the time to accelerate your progress and gain some massive ground on the competition and the old you, without givi...
Nov 25, 2021•17 min•Season 1Ep. 46
One of the biggest decisions that you have to make when purchasing a vacation rental is: What type of financing are you going to use? Today we interview Jeff Chisum from Northpoint Mortgage to help us understand the top 3 loans to help you fund your next vacation rental purchase. From traditional full doc loans, to no personal income qualifying asset based loans, there is a loan that will fit almost any person's situation. This episode is jam packed with amazing information that I am excited to ...
Nov 05, 2021•59 min•Season 1Ep. 45
Have you ever considered using the tax law as a wealth building strategy? In today's episode, we interview Mike Pine from Pine Co CPAs, and we discuss just that. Mike shares a story from one of his many clients using taxes as a wealth building strategy who purchased a beach property and he helped them strategically set it up correctly. In doing so they were able to reduce their tax liability that year by more than the amount of their down payment, and they have now parlayed that money into a sec...
Oct 29, 2021•34 min•Season 1Ep. 44
I had something I wanted to get off my chest today. I have the pleasure of speaking with many people all across the country who are interested in getting into the short term rental game. One of the topics that comes up fairly often is people under estimating the simplicity of this game. My biggest frustration is that sometimes people won't set their ego aside long enough to learn what it takes to succeed, and this ultimately leads to them selling themselves short on the success they could have. ...
Oct 15, 2021•19 min•Season 1Ep. 43
Successful Vacation Rental Owners, Jacob & Vanessa Jansen share the ups, downs and everything in between as we dive into their journey in the vacation rental world. Similar to so many success stories, here’s what I can tell you about Jacob & Vanessa. They are hungry, driven, up for the work, and THEY LISTEN. I’ve worked with thousands of people who say they want to build a portfolio of Lifestyle Assets, and I can tell you that the people who get results are always the best listeners and ...
Sep 10, 2021•48 min•Season 1Ep. 42
An emergency fund doesn’t have to burn a hole in your wallet if you know what it is, and how it can work for you without earning a huge return. Many successful investors get the feeling that their cash is “burning a hole in their wallet.” After all, that cash could be earning a return. Using up that “cash burning a hole in your wallet” so it “earns a return” is the real estate investor’s constant dilemma. Today we are going to talk about how much of an emergency fund you should have personally. ...
Sep 04, 2021•19 min•Season 1Ep. 41
I hear over and over from people that they want to begin building a real estate portfolio. When I ask them what is holding them back I most often hear that they don't have the time, money or knowledge to move forward. The fact of the matter is that none of these are the real reasons holding them back. In today's episode, I am going to share with you the one and only thing holding people back in this game, and what you can do about it today to recognize and combat against it. As always, thank you...
Aug 28, 2021•13 min
Today is a special episode for me. I have the opportunity to talk to so many amazing people who are interested in vacation rental investing. Most have experienced some level of success, and I have found that there is a secret curse of success that has the ability to haunt us all and stop us in our tracks if we let it. Listen to today's episode to recognize and avoid this silent killer of dreams. As always, thank you for listening and being the best part of this show....
Jul 30, 2021•24 min•Season 1Ep. 39
If you have been around me for any length of time, you know that I am a systems and process oriented guy. I refer a lot about the three major phases of vacation rental ownership. The acquisition phase, the management phase & the marketing phase. What I don't talk a lot about is the framework within each of these phases. Today's episode is part 3 of 3 and is all about unpacking the marketing phase of vacation rental ownership. There is a lot more that goes into successfully marketing a short ...
Jul 16, 2021•18 min•Season 1Ep. 38
If you have been around me for any length of time, you know that I am a systems and process oriented guy. I refer a lot about the three major phases of vacation rental ownership. The acquisition phase, the management phase & the marketing phase. What I don't talk a lot about is the framework within each of these phases. Today's episode is part 2 of 3 and is all about unpacking the management phase of vacation rental ownership. I hope you enjoy! As always, thank you for listening and being th...
Jul 09, 2021•18 min•Season 1Ep. 37
If you have been around me for any length of time, you know that I am a systems and process oriented guy. I refer a lot about the three major phases of vacation rental ownership. The acquisition phase, the management phase & the marketing phase. What I don't talk a lot about is the framework within each of these phases. Over the next three episodes, I want to unpack the framework within these phases to hopefully help you understand that we are not just guessing at a high level if this will w...
Jul 02, 2021•19 min•Season 1Ep. 36
One of my favorite subjects to talk about is maximizing your Lifestyle Asset with paid advertising. This is the final step where we really add fuel to the fire to maximize your portfolio. However, adding fuel to the fire at the wrong time can be a fatal mistake. Today I am going to talk to you about how and when to add paid advertising to your Lifestyle Asset business so you see the explosive results you are looking for with paid advertising. Vodyssey was formed to introduce you to the proven pr...
Jun 26, 2021•27 min•Season 1Ep. 35
In my opinion, pricing your property correctly is one of the least understood and most underutilized marketing tool available to vacation rental owners. In today's episode, I talk about how you can take advantage of a major opportunity in today's short term rental market by understanding how to price your property to put the maximum amount of money into your pocket. I believe that most management companies and many people are very lazy when it comes to pricing their property correctly. Especiall...
Jun 02, 2021•26 min•Season 1Ep. 34
If you have been looking to purchase any real estate lately, you know that inventory levels are extremely low and the competition is fierce. Today I am going to share a few strategies that you can do today to immediately increase your odds of seeing the best deals before anyone else gets them. There are a few things in here that may surprise you, and they might be the opposite of what you think works. However, I challenge you to implement these strategies right away and you will be shocked at ho...
May 14, 2021•29 min•Season 1Ep. 33
Let’s dive into some really exciting news we’ve been talking about for a while now but getting some validation. AirBnb CEO, Brian Chesky, just stated that they will need millions more hosts to meet surging demand. What areas are people searching? Rural areas Small towns Entry Points to State & National Parks Demand is crazy right now and STR have become the preferred choice for many travelers. I’ve been saying that Covid was a multi trillion dollar advertising campaign for the STR industry a...
Apr 30, 2021•33 min•Season 1Ep. 32
We have talked a lot about the markets and how relevant or irrelevant the market actually is to when we purchase real estate. The number one question I continue to get is if people should be purchasing in these crazy markets. I share some new insights into my thoughts on how to mitigate your risks and win in today's white hot real estate markets. Listen to this weeks episode to get all the details about these great loan options. As always, thank you for listening and being the best part of this ...
Apr 16, 2021•25 min•Season 1Ep. 31
Why do I do what I do everyday? This is a question that I get asked all the time. I want to share with you why I get more excited everyday about the opportunities in front of us. Many people believe that owning and investing in vacation homes is reserved for the rich and famous. That is absolutely not the case. This is a space that regular people like you and me can thrive. In fact, we have a huge advantage over the big guys. I hope to inspire some new questions for you in today's episode. Not j...
Mar 13, 2021•26 min•Season 1Ep. 30
Getting the right financing for your vacation rental is one of the biggest steps to purchasing your property. This week I was fortunate to be able to interview one of the nations leading experts in vacation rental financing. Jeff Chisum with Gateway Mortgage. www.TenPercentDown.com I learned some really amazing changes that are happening in the industry that allows us to take advantage of 10% down payments and really low rates as we build out Lifestyle Asset portfolio. Listen to this weeks episo...
Mar 06, 2021•50 min•Season 1Ep. 29
I get asked all the time, why do I think now is a good time to buy vacation rental? Prices are at all time highs. Inventory levels are super low. The economy is uncertain, etc, etc, etc. There are a number of different reasons why I believe now is a great time to buy, but there are two BIG reasons that I will share with you in this show. As always, thank you for listening and being the best part of this show. Vodyssey was formed to introduce you to the proven processes in Acquisition, Management...
Feb 19, 2021•27 min•Season 1Ep. 28
Most markets are at all time highs. Inventory levels are at all time lows. Prices are increasing over night. Should I even consider purchasing in this crazy market? Vodyssey and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets. . Lifestyle Assets are more than just short-term vacation rentals. Learn how you can build a portfolio of Lifestyle Assets that provide Lifestyle & Financial Freedom for you and you...
Jan 30, 2021•38 min•Season 1Ep. 27
When it comes to short term rentals, the biggest reason people fail is not because they do not purchase the right property. It's not because they chose the wrong location. It's not even because they don't have enough money. Listen to this week's episode to see why most people fail with vacation rentals. Vodyssey and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets. . Lifestyle Assets are more than just short-t...
Jan 22, 2021•10 min•Season 1Ep. 26
As we dive head first into a new year, reflect on our past year and make plans for future growth, I felt it would be a good reminder to review some common action that poor people take that rich people do not. 1. Save Money 2. Buy Toys That Don't Make Money 3. Have A Plan B 4. Keep Money In The Bank 5. Do Remedial Tasks 6. Take Things Personally 7. Focus On The Price Over The Value I explain these 7 things in detail and give you some examples of what I mean and how these actions can be detrimenta...
Jan 09, 2021•23 min•Season 1Ep. 25
Meet James & Emily Bauslaugh – They are from Fredricksburg, VA and they were looking for a plan to purchase their first vacation rental property when I met them less than 30 days ago. They love the outdoors and have thought of ways to purchase a property they could use personally that also gave them a great return. James & Emily were looking for a system that they could follow to help them bridge the gap between having an idea of owning a profitable vacation rental to the reality of actu...
Dec 12, 2020•45 min•Season 1Ep. 24
Today Shelly joined our podcast and we had a great chat about Baseball, Basketball & how it all relates to Lifestyle Asset Acquisitions. Purchasing the right property in the right area is a critical step in building a profitable portfolio. However, too many people start the acquisition process and assume that the perfect property is going to just magically fall into their lap. You have to put your self in the game and understand that it take a few at bats before you will see the perfect pitc...
Dec 04, 2020•23 min•Season 1Ep. 23
Today I share with you the biggest and only competition you have to worry about. I have been getting trolled by a guy on social media and I share some of my thoughts about his comments. Simon Sinek has a valuable lesson in his book, Start With Why that I felt necessary to share this week. . The Lifestyle Asset University and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets. . Lifestyle Assets are more than jus...
Nov 21, 2020•16 min•Season 1Ep. 22
LAU's Director of Client Success flips the script and interview's Shawn on this weeks podcast. Shelly surprised Shawn this week with a few questions of her own. This was a fun episode that took a number of different turns that should be helpful as you navigate tackling any new challenges. . The Lifestyle Asset University and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets. . Lifestyle Assets are more than jus...
Nov 06, 2020•40 min•Season 1Ep. 21
Meet Troy & Misti Petrie – They are from Denver, CO and they were looking for a plan to purchase their first vacation rental property back in August when I met them. They loved hiking and skiing in the Colorado mountains and always thought of ways to purchase a property they could use that also gave them a great return. Troy and Misti have always been system and process oriented and they were looking for a system that they could follow to help them bridge the gap between having an idea of ow...
Oct 30, 2020•45 min•Season 1Ep. 20
As you guys know, I am a HUGE fan of taking massive action. You’ve heard me say over and over that Action leads to Results and results lead to Momentum. However, massive action without a plan can lead to disaster. Action always leads to results. However, it doesn’t always lead to your desired result. I learned an embarrassing lesson in 7th grade about taking action without a plan, listen to the podcast to hear my story. I love action takers. I’ve always considered myself an action taker and some...
Oct 23, 2020•13 min•Season 1Ep. 19
I was listening to one of my favorite podcasts recently that pissed me off so much I almost turned it off. You'll have to listen to hear the whole story. Lets apply it to the VR world There is an evolution that takes place in any new adventure. Mike Dillard has said that there are really only two ways to change your circumstances. 1. Acquiring new information and expanding your knowledge 2. Meeting new people and expanding your network Many people get into the VR game with one idea in mind and t...
Oct 17, 2020•22 min•Season 1Ep. 18
