37 min listen
Ep 16 - STR Secrets - Why Owning a Real Estate [Business] Will Get You Rich
Ep 16 - STR Secrets - Why Owning a Real Estate [Business] Will Get You Rich
ratings:
Length:
42 minutes
Released:
Sep 7, 2020
Format:
Podcast episode
Description
HOSTS BIO
Mike Sjogren - Michael is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Michael brings a wealth of finance, business and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani - Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele Pani.
HIGHLIGHTS OF THE EPISODE
04:32 The misconception that you get rich by buying Real Estate.
08:24 Ways that short term rental operators maximize their income from their business.
11:08 How to maximize your income and how do you decrease your expenses.
15:40 Maximizing fees by doing extra services
18:42 Expense side of the business.
21:19 No more buying a few amounts of soap and laundry detergent from Costco.
24:18 How commercial real estate is valued.
26:31 You’re gonna make more money on short term rentals than long term rentals.
27:41 Vacation rentals as an ATM.
29:58 There’s so much push for people in the real estate space.
31:26 The power of compounding and understanding.
33:26 Build a business the right way.
34:17 People are so trained to be worker bees.
36:15 What kind of systems do you need for a short term rental business?
37:50 How Mike changed E’s life.
NOTABLE QUOTES (KEY LESSONS):
“Maximizing fees: The more you see it, the more possibilities you have” - Emanuele Pani
"Learning a skill set on how to increase people's income, profit and returns.
That is one of the most valuable skill sets that you can learn in business, Period." - Michael Sjogren
"You're gonna make so much more money on the short term rental side that would
allow you to cash flow a lot more." - Emanuele Pani
"Getting rich, you have to get creative and leverage other people's resources" - Michael Sjogren
BOOKS MENTIONED IN THIS SHOW
The Millionaire Fastlane by MJ DeMarco
CONNECTING WITH THE HOSTS
Michael Sjogren: Facebook Group | Facebook | Instagram | LinkedIn | Youtube
Emanuele Pani: Facebook | Instagram | LinkedIn | Youtube
Learn more about your ad choices. Visit megaphone.fm/adchoices
Mike Sjogren - Michael is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Michael brings a wealth of finance, business and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani - Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele Pani.
HIGHLIGHTS OF THE EPISODE
04:32 The misconception that you get rich by buying Real Estate.
08:24 Ways that short term rental operators maximize their income from their business.
11:08 How to maximize your income and how do you decrease your expenses.
15:40 Maximizing fees by doing extra services
18:42 Expense side of the business.
21:19 No more buying a few amounts of soap and laundry detergent from Costco.
24:18 How commercial real estate is valued.
26:31 You’re gonna make more money on short term rentals than long term rentals.
27:41 Vacation rentals as an ATM.
29:58 There’s so much push for people in the real estate space.
31:26 The power of compounding and understanding.
33:26 Build a business the right way.
34:17 People are so trained to be worker bees.
36:15 What kind of systems do you need for a short term rental business?
37:50 How Mike changed E’s life.
NOTABLE QUOTES (KEY LESSONS):
“Maximizing fees: The more you see it, the more possibilities you have” - Emanuele Pani
"Learning a skill set on how to increase people's income, profit and returns.
That is one of the most valuable skill sets that you can learn in business, Period." - Michael Sjogren
"You're gonna make so much more money on the short term rental side that would
allow you to cash flow a lot more." - Emanuele Pani
"Getting rich, you have to get creative and leverage other people's resources" - Michael Sjogren
BOOKS MENTIONED IN THIS SHOW
The Millionaire Fastlane by MJ DeMarco
CONNECTING WITH THE HOSTS
Michael Sjogren: Facebook Group | Facebook | Instagram | LinkedIn | Youtube
Emanuele Pani: Facebook | Instagram | LinkedIn | Youtube
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Sep 7, 2020
Format:
Podcast episode
Titles in the series (100)
Ep 19 - Treating your properties like a business with Alon Eitan: <p><strong>GUEST BIO</strong></p> <p>Alon Eitan is the Director of Strategy and Business Development at Guesty, a short-term property management platform. In this role, Alon is responsible for designing Guesty's strategy and generating new business opportunities within Guesty's marketplace. Prior to this role, Alon was the Senior Business Analyst at Claltech, responsible for >$500m in transaction value. Earlier in his career, Alon served as Manager at PwC / Strategy& leading cross sector strategy, consulting prospects and M&A advisory projects.</p> <p><br></p> <p><strong>HIGHLIGHTS OF THE EPISODE</strong></p> <p><strong>02:37 </strong>Alon’s introduction</p> <p><strong>04:13 </strong> Alon’s background and what got him into the industry.</p> <p><strong>06:03</strong> Alon’s role in Guesty.</p> <p><strong>06:48 </strong> What allowed Guesty to grow rapidly?</p> <p><strong>08:48</strong> &n by Short Term Rental Secrets Podcast