18 min listen
Ep 37 - From 0 to 300 Units in 20 Months with James Murphy
Ep 37 - From 0 to 300 Units in 20 Months with James Murphy
ratings:
Length:
47 minutes
Released:
Feb 1, 2021
Format:
Podcast episode
Description
GUESTS BIO
James Murphy - started his short term rental journey in the UK just 2 years ago with his wife Stephanie. In 2 years they have grown their portfolio to over 300 properties and are on track to end 2021 with 500 units. James is passionate about the industry and helping others get started and scale their short term rental business. You can visit James' website https://opulentlivingnow.com
HIGHLIGHTS OF THE EPISODE
04:06 James’ biography/introduction
05:10 How James started their short term rental business.
11:42 How he runs all his properties.
12:28 How they transitioned their model.
15:18 Their revenue split with their investors.
16:18 How they manage their investor's properties.
17:15 Their 1st-year evolution from a business and team standpoint.
24:22 How their economy of scales works.
27:51 Their partnerships.
29:56 Theirs systems and how it evolved to help automate their properties.
36:50 How tinkering/tweaking some systems can create 6 figure bumps.
38:53 What James would do if he had to restart everything from scratch.
42:26 Where can people learn more about James Murphy?
44:04 James’ secret to success in short term rentals.
NOTABLE QUOTES (KEY LESSONS):
"We don't think we've got all the answers or have arrived at any kind of destination but very much still learning on the job and figuring out how we can be excellent in the industry." - James Murphy
"You have to have a very strong interiors team that can not only get the apartments off the ground when you're launching 10/20 a week but also maintain that quality and excellent and visual appeal in the process as well." - James Murphy
"We're not trying to do it all at once. We're just trying to day by day add little tweaks, little changes, get a little bit better. Improve, improve, improve." - James Murphy
"If you're going to go somewhere you've got to be more towards the end of the spectrum where you're willing to take some risk." - James Murphy
CONNECTING WITH THE GUESTS
Instagram: @jameszmurphy
Website: https://opulentlivingnow.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
James Murphy - started his short term rental journey in the UK just 2 years ago with his wife Stephanie. In 2 years they have grown their portfolio to over 300 properties and are on track to end 2021 with 500 units. James is passionate about the industry and helping others get started and scale their short term rental business. You can visit James' website https://opulentlivingnow.com
HIGHLIGHTS OF THE EPISODE
04:06 James’ biography/introduction
05:10 How James started their short term rental business.
11:42 How he runs all his properties.
12:28 How they transitioned their model.
15:18 Their revenue split with their investors.
16:18 How they manage their investor's properties.
17:15 Their 1st-year evolution from a business and team standpoint.
24:22 How their economy of scales works.
27:51 Their partnerships.
29:56 Theirs systems and how it evolved to help automate their properties.
36:50 How tinkering/tweaking some systems can create 6 figure bumps.
38:53 What James would do if he had to restart everything from scratch.
42:26 Where can people learn more about James Murphy?
44:04 James’ secret to success in short term rentals.
NOTABLE QUOTES (KEY LESSONS):
"We don't think we've got all the answers or have arrived at any kind of destination but very much still learning on the job and figuring out how we can be excellent in the industry." - James Murphy
"You have to have a very strong interiors team that can not only get the apartments off the ground when you're launching 10/20 a week but also maintain that quality and excellent and visual appeal in the process as well." - James Murphy
"We're not trying to do it all at once. We're just trying to day by day add little tweaks, little changes, get a little bit better. Improve, improve, improve." - James Murphy
"If you're going to go somewhere you've got to be more towards the end of the spectrum where you're willing to take some risk." - James Murphy
CONNECTING WITH THE GUESTS
Instagram: @jameszmurphy
Website: https://opulentlivingnow.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 1, 2021
Format:
Podcast episode
Titles in the series (100)
Ep 1 STR Secrets - Welcome to Short Term Rental Secrets with Michael Sjogren and Emanuele Pani: <p><strong>HOSTS BIO</strong></p> <p>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.</p> <p>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.</p> <p><strong>HIGHLIGHTS OF THE EPISODE</strong></p> <p><strong>01:37 </strong>Emanuele Pani’s background in the industry and the impact of the business on him.</p> <p><strong>07:04 < by Short Term Rental Secrets Podcast