43 min listen
Ep 23 - How to 10X Your Rental Income; From $600 to $6,000/Month with Addison Ricci
Ep 23 - How to 10X Your Rental Income; From $600 to $6,000/Month with Addison Ricci
ratings:
Length:
38 minutes
Released:
Oct 26, 2020
Format:
Podcast episode
Description
GUESTS BIO
Addison Ricci - is a new real estate investor with huge aspirations. After spending nearly a decade in video production he decided to try his hand at real estate investing to build passive income. He currently owns 2 short-term rental properties in Knoxville, TN (while living in Florida), and plans to expand and acquire more over the next couple of years.
HIGHLIGHTS OF THE EPISODE
04:30 Addison’s background
07:52 What Addison learned ever since they started the business in February 2020?
09:16 The dynamic for Addison’s STR operations.
10:44 The types of software or technology that they are using to help streamline their operations.
11:46 They’re doing the Airbnb platform exclusively.
13:14 What are their plans/strategy to go from 2 units to 30 units.
15:52 How Addison rent their 2 properties in one lot.
16:40 Their plan/goal for their next property.
17:41 How much would Addison get from a long term rental compared to a short term rental.
18:59 Whatever real estate strategies you use always make sure it still cash flows.
20:00 How Addison enrolled his Mother in the short term rental business.
23:53 Some of the things that they do to make their listings stand out.
26:06 Who’s doing the cleaning and the supplies.
29:38 Addison’s definite goal in short-term rentals.
30:53 Will Addison go full time on real estate or just as a side portfolio and still do his full-time job?
32:48 Putting all the eggs to this aspect of real estate.
35:21 Where can people get in touch and see Addison’s properties.
35:46 Addison’s number 1 secret for success in short-term rentals.
36:33 Addison’s best advice to start your own short-term rental business.
NOTABLE QUOTES (KEY LESSONS):
"We're not just buying houses and making them fit. It's like building this stays that
is intended for just being perfect stays." - Addison Ricci
"Keep it simple especially at the beginning. Kind of, learn the ropes, do what you're doing, really figure out how to find/tune your operations and your systems. Then if you want to expand go nuts but it's not an essential thing." -Michael Sjogren
"Just staying flexible with these stays, I think is really key." - Addison Ricci
"You can create a project with your family and it's a way that you can create
something that can change the life of everybody, now." - Emanuele Pani
CONNECTING WITH THE GUESTS
Instagram: https://www.instagram.com/straddison/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Addison Ricci - is a new real estate investor with huge aspirations. After spending nearly a decade in video production he decided to try his hand at real estate investing to build passive income. He currently owns 2 short-term rental properties in Knoxville, TN (while living in Florida), and plans to expand and acquire more over the next couple of years.
HIGHLIGHTS OF THE EPISODE
04:30 Addison’s background
07:52 What Addison learned ever since they started the business in February 2020?
09:16 The dynamic for Addison’s STR operations.
10:44 The types of software or technology that they are using to help streamline their operations.
11:46 They’re doing the Airbnb platform exclusively.
13:14 What are their plans/strategy to go from 2 units to 30 units.
15:52 How Addison rent their 2 properties in one lot.
16:40 Their plan/goal for their next property.
17:41 How much would Addison get from a long term rental compared to a short term rental.
18:59 Whatever real estate strategies you use always make sure it still cash flows.
20:00 How Addison enrolled his Mother in the short term rental business.
23:53 Some of the things that they do to make their listings stand out.
26:06 Who’s doing the cleaning and the supplies.
29:38 Addison’s definite goal in short-term rentals.
30:53 Will Addison go full time on real estate or just as a side portfolio and still do his full-time job?
32:48 Putting all the eggs to this aspect of real estate.
35:21 Where can people get in touch and see Addison’s properties.
35:46 Addison’s number 1 secret for success in short-term rentals.
36:33 Addison’s best advice to start your own short-term rental business.
NOTABLE QUOTES (KEY LESSONS):
"We're not just buying houses and making them fit. It's like building this stays that
is intended for just being perfect stays." - Addison Ricci
"Keep it simple especially at the beginning. Kind of, learn the ropes, do what you're doing, really figure out how to find/tune your operations and your systems. Then if you want to expand go nuts but it's not an essential thing." -Michael Sjogren
"Just staying flexible with these stays, I think is really key." - Addison Ricci
"You can create a project with your family and it's a way that you can create
something that can change the life of everybody, now." - Emanuele Pani
CONNECTING WITH THE GUESTS
Instagram: https://www.instagram.com/straddison/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 26, 2020
Format:
Podcast episode
Titles in the series (100)
Ep 13 - STR Secrets - Thinking Biggest & Building Multiple Streams of Income with Len Giancola: <p><strong>GUEST BIO</strong></p> <p><strong>Len Giancola</strong> - has over 25 years of experience in Executive Management and Business Ownership. Formerly a Managing Director of Global Securities Finance in New York, responsible for a $16 billion trading portfolio, he is now an Officer/Board Member of over 30 corporations. With well over $100 million in sales over the last decade, including a successful residential development company, <strong>vacation rental property management company</strong> and diversified investment and online technology portfolio, Len is a Founding Partner of <a href="http://mj.com/"><u>MJ.com</u></a> and is a frequent media guest on international podcasts such as Rich Dad Radio with Robert Kiyosaki along with many other entrepreneurial and mentorship vehicles.</p> <p><strong>HIGHLIGHTS OF THE EPISODE</strong></p> <p><strong>02:40 </strong>Guests influe by Short Term Rental Secrets Podcast