Today I was joined by Kim Lalande, CEO & Founder of KEY.co Kim founded KEY to help vacation home owners bring 5 Star Concierge services to their guests. We are always talking about the importance of delivering the fairytale experience. Whether your guests want to enjoy a stocked fridge upon arrival, indulge in a dinner prepared by a private chef or reach peak relaxation with an in-home massage, KEY has you covered. We had a great conversation on merging technology with hospitality to really ...
Nov 18, 2022•30 min•Season 1Ep. 77
Leslie Anne Morris, began her Smoky Mountain investing journey while living and working in Los Angeles. Leslie had been a commercial banker for over twenty years and wanted to begin building true wealth. From the minute she closed on her first investment cabin she knew she had made the right choice. The cabin was an overnight success! The cash flow she made from her first investment allowed her to quickly scale her portfolio and today she has 10 short term rentals . Leslie’s mission is to be a d...
Nov 11, 2022•34 min•Season 1Ep. 76
One of the most important questions an investor needs to answer before purchasing a property is: What is the investment & revenue potential of this property? In today's episode, I want to explain to you our approach to analyzing income potential on short term rental deals. This is exactly how we put everything together so that we can mitigate our risk and recognize opportunities as much as possible. We've analyzed 1000's of deals and I am going to share with you my 3 step process. My goal is...
Oct 28, 2022•15 min•Season 1Ep. 75
In today's episode we are joined by one of the OGs in the short term rental game. Author, speaker and passive income expert Brian Page shares what it takes for anyone, regardless of position or industry, to work less, earn more, and live free in his latest book, “Don't Start a Side Hustle! ” Brian has been unemployable for years. While traveling the world and spending tons of time with his family, he’s been building stream after stream of passive income, allowing him to own every moment of his l...
Oct 21, 2022•42 min•Season 1Ep. 74
In today's episode, I get the opportunity to chat with Avantstay's CEO Sean Breuner. Sean’s been a real estate and technology entrepreneur for 15+ years. Having gone through the launch and sale of a number of early stage companies, his newest endeavor at AvantStay has Sean reimagining group travel and innovating new ways to leverage technology to deliver a truly unique lifestyle hospitality brand for the future traveler. We chat about a number of different topics that includes: Why we believe sh...
Oct 10, 2022•48 min•Season 1Ep. 73
If you've listened to me for any length of time, you probably know that I am a big proponent of property owners using full service property management companies in most cases. However, with the growth in the STR industry, we are seeing many Co-Hosts come on to the scene as possible management partners. In this quick episode, I highlight what I believe are the most practical differences between the two management partner options. As always, thanks for being the best part of this show and please s...
Oct 04, 2022•9 min•Season 1Ep. 72
Short term rental markets are getting more and more saturated. We are seeing average occupancy drop in many areas. Yet we are seeing demand and money being spent in these markets continue to skyrocket across the board. There is more money being spend on short term rental stays than ever before. It's up to you to get your UNFAIR share of the dollars being spent in your area. I will talk about exactly how you do this in today's episode. As always, thanks for being the best part of this show and...
Sep 19, 2022•23 min•Season 1Ep. 71
Today I get to interview Rick Sharga, one of the nation's leading experts in real estate market intelligence. Rick is the Executive Vice President of Market Intelligence at ATTOM, one of the country's leading providers of comprehensive real estate data for companies in the real estate, mortgage, insurance, finance and government markets. We chat about what indicators we are looking at leading into this shifting real estate market. We talk about upcoming foreclosures and if it looks like the hous...
Sep 03, 2022•47 min•Season 1Ep. 70
Today we got a chance to talk to one of the nations leading experts on 1031 exchanges, Lu Ann Blough from Exchange Resource Group. The 1031 Exchange is a versatile tax planning and investment tool for savvy investors and Lu Ann explained the do's and don't when considering a 1031 exchange. We even talked about lesser known advantages of a 1031 exchange and using them to defer depreciation recapture when selling an investment property. Lu Ann can be contacted for more assistance via email at luan...
Jul 28, 2022•45 min•Season 1Ep. 69
Tuesday Tips are quick episodes where I answer questions sent to us that I feel you would benefit from hearing my thoughts on. Today Jeff asked - What is causing houses prices to continue to increase despite rising interest rates and curbed demand? As always, thanks for listening and being the best part of this show. Cheers, Shawn Moore Founder, Vodyssey.com Connect with Shawn Moore: - Website - Instagram - LinkedIn - Youtube...
Jul 26, 2022•13 min•Season 1Ep. 68
I believe we have an epidemic happen in the world today. I speak to people all across the country who all say they want one thing and do another. They give themselves every excuse in the world of why they shouldn't chase their dreams. When we were kids, we didn't take no for an answer. We had big dreams and wanted to chase them every day. Somewhere along the way, we started to get conditioned that it wasn't the right time or that our dreams were unrealistic and we started to believe it. Ed Mylet...
Jul 22, 2022•26 min•Season 1Ep. 67
Tuesday Tips are quick episodes where I answer questions sent to us that I feel you would benefit from hearing the answers to. As always, thanks for listening and being the best part of this show. Cheers, Shawn Moore Founder, Vodyssey.com Connect with Shawn Moore: - Website - Instagram - LinkedIn - Youtube...
Jul 19, 2022•10 min•Ep. 66
Recessions happen, and there isn’t much you can do but deal with them and try to mitigate the impact. Learning to take measures to build a recession-proof business is crucial for success. In this episode, Shawn speaks with Rod Khleif, host of the #1 Commercial Real Estate Podcast Lifetime Cash Flow Through Real Estate Investing and founder of Tiny Hands Foundation. Shawn and Rod have been through different market conditions and have more than enough experience to help you prepare for the inevita...
Jul 08, 2022•42 min•Ep. 65
Shawn is back from their Annual Vodyssey Live Event, where they talked about all things vacation rental. And in today’s episode, he shares some of the major takeaways from the event, specifically how to stand out in a shifting market. First, Shawn discusses the market condition and his take on an article that says, “The Real Estate Bubble is Bursting!” Then he talks about the exciting opportunities available for you, whether you're new in the game or you've been doing this for a while and the to...
Jul 01, 2022•34 min•Season 1Ep. 64
Today, Shawn will answer another question: “Is the short-term rental business something that we should no longer pay attention to?” The answer is a resounding NO. We are just going through a significant shift, and there will always be shifts in whatever market or industry you are in. You shouldn’t be afraid of the shift if you understand the game because the best opportunities are available during those shifts. So if you're planning to get into the short-term rental business, tune in to this epi...
Jun 10, 2022•18 min•Season 1Ep. 63
Are you interested in starting your short-term rental business, but you're not sure where to start? You begin searching for information online, but it gets overwhelming, and you're not even sure which ones are reliable. In this episode, Shawn answers many of the questions you asked. From financing your first property to creative marketing ideas and how to stand out in whatever market condition, he covers all that and more. Let’s dive in, “People travel for unique experiences. If you can set your...
Jun 03, 2022•1 hr 21 min•Season 1Ep. 62
In this episode, Shawn is joined by Dr. Thomas Black as they discuss how to take advantage of real estate, why you should write-off as much as you can on your taxes, and how to choose where to invest. Dr. Thomas Black is a physician, real estate investor, co-founder of Napali Capital, and a member of Odyssey. Tune in to learn how Thomas started with renting out his own house to now having 1,500 units and 3 hotels under his control. “Failures are lessons. You either win or you learn.” - Dr. Thoma...
May 14, 2022•50 min•Season 1Ep. 61
From 0 to 5 properties in 18 months focusing on smaller, less know vacation rental markets. Christian Schofield joins me to share his journey of building his impressive portfolio in a short period of time Christian shares the ups, downs and everything in between as we dive into the journey into their first vacation rental investment. Similar to all of our success stories, here’s what I can tell you about Christian. He is hungry, driven, up for the work, and HE LISTENS. I’ve worked with thousands...
Apr 29, 2022•56 min•Season 1Ep. 60
First Time Vacation Rental Owners, Chris Ronshagen & Jess Kenney, were first time investors jumping into the vacation rental market at arguably the toughest time to purchase a property in a long time. Chris shares the ups, downs and everything in between as we dive into the journey into their first vacation rental investment. Similar to all of our success stories, here’s what I can tell you about Chris and Jess. They are hungry, driven, up for the work, and THEY LISTEN. I’ve worked with thou...
Apr 15, 2022•58 min•Season 1Ep. 59
There are a lot of things going on right now in the world. Interest rates are going up. Inflation is on the rise. Markets are unstable. Is now the time to hit the pause button on jumping in to the STR game? My right hand guy here at Vodyssey, Scott Marshall, joins me to discuss this and many other topics around investing in short term rentals. I had a chance to riff on a number of things during our conversation. I hope you gain some insights from our conversation and enjoy this episode. For more...
Apr 01, 2022•52 min•Season 1Ep. 58
As short term rentals become more and more main stream, there is a lot of information our there about short term rental investing. If you are interested in investing in short term rental or you are currently investing, I am sure all of the advice can be daunting and even confusing at times. There is definitely no shortage of opinions and advice out there. Heck, I am one of those people adding to that noise. Today, I want to talk to you about some questions you should be asking yourself as you ru...
Mar 25, 2022•28 min•Season 1Ep. 57
First Time Vacation Rental Owners, Steve & Linda Cummings, were first introduced to vacation home investing less than 4 months ago. Steve & Linda share the ups, downs and everything in between as we dive into the journey into their first vacation rental investment. Similar to all of our success stories, here’s what I can tell you about Steve & Linda. 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 ...
Mar 18, 2022•49 min
Successful Vacation Rental Owners, Freddy & Almoraima Falck were first introduced to vacation home investing less than 10 months ago and now have built a portfolio of 3 beach homes in that short time. Freddy shares 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 Freddy & Almoraima They are hungry, driven, up for the work, and THEY LISTEN. I’ve worked with thousands of...
Mar 04, 2022•51 min•Season 1Ep. 55
Successful Vacation Rental Owners, Trago & Leslie Wallace purchased and remodeled 2 vacation homes in the past 6 months bringing their portfolio to 3 STR properties. Trago shares 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 Trago and Leslie. 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 port...
Feb 25, 2022•1 hr 6 min•Season 1Ep. 54
We are heading into another busy season for most vacation rental owners. Inventory is way below the demand in most markets so we can expect to have another record year in most areas. However, the difference between the amount of money the top properties make and the average properties is huge. I'm going to talk about an easy way for you to put a lot more money in your pocket starting immediately. In my opinion, pricing your property correctly is one of the least understood and most underutilized...
Feb 18, 2022•33 min•Season 1Ep. 53
As investors, once we find a great asset that fits our property and investment goals, the next step is to add as many of those assets to our portfolio as quickly as possible. Often times, what holds us back is that when we began to scale up our portfolio, traditional financing options begin to dry up. Today we are joined by Doug Perry, Director of Sales at Temple View Capital, to discuss asset based loans or DSCR (debt service coverage ratio) loans built specifically for investors as a great lon...
Feb 04, 2022•57 min•Season 1Ep. 52
Many people experience short bursts of excitement or curiosity around investing in vacation homes, but inevitably get stuck at some key points along the way, and before they know it, another year has gone by and they aren't where they wanted to be. This is totally avoidable if you understand the long game and have a proven process to follow. Many people get excited about our member stories where people moved quite quickly and accomplished a lot in one year, but they often don't understand what i...
Jan 15, 2022•36 min•Season 1Ep. 51
2021 was a crazy year for vacation rental owners. It seems like records were set across the board. While we don't have all the numbers from 2021, there is an over arching theme indicating that 2022 is stacking up to be very good for short term rental hosts. Experts saw demand for short term rentals in 2021 increase from the previous year by 22.4% but supply only went up by 2.5%. This is a huge supply gap. The same experts are expecting demand to increase an additional 14% in 2022 while supply co...
Jan 08, 2022•16 min•Season 1Ep. 50
I hosted a live training last Friday to talk about the secrets we’ve learned making over 400 offers this year. I shared what’s working right now in the most competitive markets, and some hard-won wisdom on what hasn’t worked for us this year. If you’re looking to buy a vacation home in the next 6-12 months, you likely will need these secrets in order to get your offer accepted in these white hot real estate markets. I hope you enjoy this episode as you prepare to build your vacation rental portf...
Dec 24, 2021•54 min•Season 1Ep. 49
Vodyssey member Eli Grelecki shares their journey of the first year of vacation rental ownership. We talk about the ups and downs of competing to find a property in today's crazy real estate markets. We discuss the challenges and delays of completing a remodel in today's construction atmosphere. And ultimately what the end of the road looked like when the property when live the week of Thanksgiving where they saw it all come together. This is a must listen. I hope you enjoy this episode as much ...
Dec 17, 2021•57 min•Season 1Ep. 48
