Trevor Scelso

𝘙𝘦𝘧𝘭𝘦𝘤𝘵𝘪𝘯𝘨 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘫𝘰𝘶𝘳𝘯𝘦𝘺, it's wild how discussing your strides with someone can reveal the incredible progress you've made. 💼 Over the past year, I've been fortunate to build not just projects, but a dynamic team. 🤝 My partners and employees are the backbone, allowing me to focus on scaling our management business and seeking new opportunities.

🏙️ 𝗥𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗶𝘀𝗻'𝘁 𝗮 𝘀𝗼𝗹𝗼 𝘃𝗲𝗻𝘁𝘂𝗿𝗲—it's a team sport. Having a dedicated team has been a game-changer. Their expertise and support enable me to grow without micromanaging operations. 📈 This is the essence of success—knowing when to leverage teamwork to navigate challenges and seek lucrative deals.

⏳ 𝗧𝗶𝗺𝗲 𝗮𝗻𝗱 𝗺𝗼𝗻𝗲𝘆 𝗮𝗿𝗲 𝗽𝗿𝗲𝗰𝗶𝗼𝘂𝘀 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀. Partnering with those who understand the landscape can be invaluable—accelerating growth while avoiding costly pitfalls. 🚀 𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘪𝘯 𝘳𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘰𝘧𝘵𝘦𝘯 𝘤𝘰𝘮𝘦𝘴 𝘥𝘰𝘸𝘯 𝘵𝘰 𝘤𝘰𝘭𝘭𝘢𝘣𝘰𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘭𝘦𝘷𝘦𝘳𝘢𝘨𝘪𝘯𝘨 𝘵𝘩𝘦 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘴 𝘰𝘧 𝘢 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘵𝘦𝘢𝘮. 💪

𝗛𝗼𝘄 𝗱𝗶𝗱 𝗖𝗮𝗹𝗲𝗯 𝗹𝗮𝗻𝗱 𝗵𝗶𝘀 𝗳𝗶𝗿𝘀𝘁 𝗳𝗼𝘂𝗿𝗽𝗹𝗲𝘅? Well, it was a strategic move – a house hack in a C minus two area. 🌟 It was all about learning and mentorship.

He started with minimal capital using an FHA loan. The plan? Let the tenants pay the mortgage. 📈💰 But it wasn't all smooth sailing – had to deal with unexpected challenges, including evicting problematic tenants and raising rent.

At first, he was barely breaking even, but persistence paid off. With some adjustments, the property eventually started cash flowing. 🔄📊

𝑳𝙚𝒔𝙨𝒐𝙣 𝙡𝒆𝙖𝒓𝙣𝒆𝙙: Real estate is about resilience, learning, and adapting to challenges. 💪 Never underestimate the power of a great learning opportunity!

"𝗦𝗼 𝘁𝗲𝗹𝗹 𝗺𝗲, 𝘄𝗵𝗮𝘁'𝘀 𝘆𝗼𝘂𝗿 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝗻?"

For Jessica and Jandy, it's all about real estate. They were passionate about buying and renovating properties—constantly expanding their portfolio. Real estate offers security and the freedom they crave. Not chasing fast gains but building a solid, reliable future. No, it won't promise overnight success like some trends do, but it's 𝙖 𝙨𝙪𝙧𝙚𝙛𝙞𝙧𝙚 𝙥𝙖𝙩𝙝 𝙩𝙤 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙛𝙧𝙚𝙚𝙙𝙤𝙢.

They were aiming for that magical age of 40 to achieve a level of financial independence where choices aren't dictated by necessity. Whether it's traveling the globe or exploring new ventures, having that flexibility is the ultimate goal.

𝘙𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘪𝘴𝘯'𝘵 𝘫𝘶𝘴𝘵 𝘢𝘣𝘰𝘶𝘵 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨𝘴; it's about crafting a life where they have the freedom to pursue their passions. What's your take on planning for the future?

Jandy Eiroa IG:

🚀 𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝗮 𝘁𝗿𝘂𝘁𝗵 𝗯𝗼𝗺𝗯? 💣💥

Let's talk coaching. 🌟 Here's the scoop: those seeking coaching aren't always the high-income earners. 🤔 In fact, the folks raring to dive into coaching tend to be the ones hustling to bootstrap their way into an industry.

Here's my take: I'm all about making moves, and I respect that drive. But truth be told, I'm not here to handhold through every step. ⏳ My thing? I want collaborators who are all in, who see my expertise, and who are ready to say, "𝘏𝘦𝘳𝘦'𝘴 𝘵𝘩𝘦 𝘵𝘳𝘶𝘴𝘵. 𝘓𝘦𝘵'𝘴 𝘨𝘰!"

So, while coaching might not be my jam, I'm here to make waves and work alongside the go-getters. 💪🌊 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘁𝗵𝗶𝗻𝗴𝘀 𝗵𝗮𝗽𝗽𝗲𝗻?

𝗙𝗶𝗻𝗱𝗶𝗻𝗴 𝗜𝗻𝘀𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗙𝗮𝗺𝗶𝗹𝘆: 𝗔 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗝𝗼𝘂𝗿𝗻𝗲𝘆

This powerful podcast clip touched me deeply. Starting in real estate wasn't just a career choice for Caleb – it was born from a desire to support his family, especially his mom.

🏡 At 18, witnessing Caleb's mom's struggles post-surgery was eye-opening. Seeing her in pain, torn between work and her health, pushed him to take action. He didn't want financial constraints to dictate their lives.

🌟 That's when he dove into residential real estate with a fourplex, determined to create a stable income and freedom for them.

💡 This journey wasn't just about properties; 𝘪𝘵 𝘸𝘢𝘴 𝘢𝘣𝘰𝘶𝘵 𝘤𝘳𝘦𝘢𝘵𝘪𝘯𝘨 𝘢 𝘭𝘪𝘧𝘦 𝘸𝘩𝘦𝘳𝘦 𝘤𝘩𝘰𝘪𝘤𝘦𝘴 𝘸𝘦𝘳𝘦𝘯'𝘵 𝘭𝘪𝘮𝘪𝘵𝘦𝘥 𝘣𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘤𝘰𝘯𝘴𝘵𝘳𝘢𝘪𝘯𝘵𝘴.

🙏 Share your thoughts below if you resonate with taking control of your destiny and creating a life of freedom.

Caleb Johnson's IG:

𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗮𝗻𝗱 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀: 𝗔 𝗖𝗵𝗮𝘁 𝗔𝗯𝗼𝘂𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀

🤔 Ever wondered how much time one should spend on their database for business referrals? Here's a glimpse into a conversation with Jandy Eiroa about keeping it casual and investing in relationships rather than endless hunting.

👉 "𝙄 𝙨𝙝𝙤𝙪𝙡𝙙 𝙗𝙚 𝙨𝙥𝙚𝙣𝙙𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙩𝙞𝙢𝙚 ⌛, 𝙢𝙖𝙮𝙗𝙚 𝙖 𝙛𝙚𝙬 𝙝𝙤𝙪𝙧𝙨 𝙖 𝙬𝙚𝙚𝙠. 𝙔𝙤𝙪 𝙠𝙣𝙤𝙬, 𝙥𝙧𝙚𝙩𝙩𝙮 𝙘𝙖𝙨𝙪𝙖𝙡 𝙬𝙞𝙩𝙝 𝙞𝙩." Building a strong referral base has been a game-changer. People want authenticity; they refer to and trust because they know you're not just selling.

👉 "𝙄'𝙫𝙚 𝙗𝙚𝙚𝙣 𝙧𝙚𝙡𝙮𝙞𝙣𝙜 𝙤𝙣 𝙎𝙞𝙡𝙞𝙘𝙤𝙣 𝙑𝙖𝙡𝙡𝙚𝙮. 𝙄𝙛 𝙮𝙤𝙪 𝙞𝙣𝙫𝙚𝙨𝙩 𝙞𝙣 𝙧𝙚𝙖𝙡 𝙚𝙨𝙩𝙖𝙩𝙚 🏠, 𝙮𝙤𝙪 𝙞𝙣𝙫𝙚𝙨𝙩 𝙞𝙣 𝙥𝙚𝙤𝙥𝙡𝙚, 𝙗𝙧𝙤." It's not about pushing a deal every day but creating value. Honesty matters - not shoving something that doesn't fit. It's about the long game and genuine connections.

𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝘀𝘁𝗮𝗿𝘁 𝗮 𝗺𝗮𝘀𝘁𝗲𝗿𝗺𝗶𝗻𝗱?

💡 I've been pondering this vast open space where unique approaches meet scalability, and guess what? You might be one of the few visionaries exploring it!

🏢 While I'm passionate about investing and expanding my management company, I've realized the immense value of 𝙨𝙝𝙖𝙧𝙞𝙣𝙜 𝙠𝙣𝙤𝙬𝙡𝙚𝙙𝙜𝙚. 💬 Being an open book in business has been a game-changer. I believe in fostering a community where transparency and collaboration thrive.

🤝 That's why I'm contemplating starting a mastermind specifically for property managers and multi-owner operators. Imagine a space where we can 𝘧𝘳𝘦𝘦𝘭𝘺 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴, 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴, 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴 to collectively elevate our expertise.

📚 𝗧𝗵𝗲 𝗴𝗼𝗮𝗹? To create a tight-knit community of like-minded individuals eager to learn, grow, and support each other. Let's embark on this journey of shared knowledge, where together, we can become better professionals and cultivate stronger businesses.

🌐 Who's in for this enriching collaborative journey? Drop a comment or DM if you're keen on being a part of this upcoming mastermind for property managers! 🚀

🏡 Maximizing Rental Potential: A Peek into the Process 🌟

The ins and outs of property management for short-term rentals can be a real puzzle! Recently, I've been diving into the nitty-gritty, especially focusing on optimizing pools for maximum returns.

🔍 𝗢𝗻𝗯𝗼𝗮𝗿𝗱𝗶𝗻𝗴: When it comes to getting homeowners on board, it's more than just a couple of hours' conversation. We start by crunching numbers to see the potential earnings, followed by a detailed discussion. I believe in transparency, so I aim to provide a comprehensive revenue analysis even before our first chat.

💼 𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻𝘀: From addressing queries about the property to dealing with various aspects, it's like solving a million-piece puzzle. Fortunately, our experience as investors allows us to tackle each question head-on.

📈 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: Within a week of our initial discussion, we offer a detailed competitive analysis. It's a step-by-step breakdown of what you have, what you need, and how you can stand out in your neighborhood.

💰 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗲𝗮𝗹: Once all the details are on the table, it's time to seal the deal. Whether it's setting profit goals or discussing property upgrades, we ensure every dollar is maximized from your space.

🛠️ 𝗦𝗾𝘂𝗲𝗲𝘇𝗲 𝗘𝘃𝗲𝗿𝘆 𝗗𝗼𝗹𝗹𝗮𝗿: Our aim is simple - optimize every inch of usable space for revenue potential. We explore possibilities, decide on necessary upgrades, and lay out a plan to make it happen.

𝘙𝘦𝘢𝘥𝘺 𝘵𝘰 𝘵𝘢𝘬𝘦 𝘺𝘰𝘶𝘳 𝘳𝘦𝘯𝘵𝘢𝘭 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘵𝘰 𝘪𝘵𝘴 𝘮𝘢𝘹𝘪𝘮𝘶𝘮 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭? 𝘓𝘦𝘵'𝘴 𝘤𝘩𝘢𝘵 𝘢𝘯𝘥 𝘴𝘦𝘦 𝘩𝘰𝘸 𝘸𝘦 𝘤𝘢𝘯 𝘵𝘶𝘳𝘯 𝘺𝘰𝘶𝘳 𝘴𝘱𝘢𝘤𝘦 𝘪𝘯𝘵𝘰 𝘢 𝘵𝘩𝘳𝘪𝘷𝘪𝘯𝘨 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵!

🌍 Exploring Seasonal Occupancy: Do you notice shifts in occupancy rates tied to different seasons? 🍂❄️ Whether familiar or exploring new markets, seasonal variations play a crucial role. I often worry about my market with harsh winters, unlike the familiar Western areas where occupancy hits 70-80%. It's a challenge when winter discourages stays.

🏫 College towns tend to slow down in summer, but I've discovered exceptions. A certain college town thrives in hot summers, drawing visitors despite a low year-round population. Having a cool home there helps catch those visitors, leveling out the seasonal dips.

⛷️ Some towns embrace their harsh winters by offering ski resorts, transforming into vibrant summer destinations. Balancing seasonality becomes an art. I seek towns with either minimal seasonal shifts or ways to mitigate them, ensuring a more consistent flow.

🏡 How do you navigate seasonal fluctuations in your rental spaces? Share your strategies and insights! 🔄

🏡 Maximizing occupancy isn't just about filling up space; it's about strategic planning. ✨ When thinking about rental rates and occupancy, I take a different approach. Rather than fixating solely on occupancy percentages, I focus on maximizing revenue potential for every available night.

✈️ Similar to how airlines operate, I aim for high occupancy while ensuring profitability. 💰 However, it's essential to consider seasonality and location when projecting occupancy rates and average revenue. Some months might see lower occupancy and rates, while others soar.

💡 My strategy involves analyzing data through a comparative market analysis, much like in real estate. This helps gauge the potential revenue of a property over the entire year. 📊 Ultimately, it's about driving maximum revenue while maintaining a balance between occupancy and profitability. 🌟

🏡 Some folks are 𝗽𝗶𝗼𝗻𝗲𝗲𝗿𝘀 in the short-term moral space, revamping locales lacking high-performing homes. Yet, there's a risk—they might even lose their own house. I've witnessed it: amazing homes built where demand doesn't exist, draining resources. Personally, I prefer replicating success in established areas. That's a red flag for me.

📍 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗺𝗮𝘁𝘁𝗲𝗿𝘀! Just five miles can change everything. I'd only take on such a risky deal if it were 100% self-financed. The value add work can be uncertain. And when it comes to lakeside properties, being a street away could cost you 50% in value. 🌊 𝘛𝘩𝘪𝘯𝘬 𝘮𝘪𝘭𝘦𝘴, 𝘯𝘰𝘵 𝘫𝘶𝘴𝘵 𝘣𝘭𝘰𝘤𝘬𝘴!

Exploring new opportunities in real estate! 🌟 Have you ever come across a hidden gem that's waiting to be discovered? Mark stumbled upon this incredible property near Watkins Glen Raceway - three acres, a stunning view of the lake, and seven bedrooms! 🌅✨

He envisioned it as a perfect Airbnb investment, but diving into something new can be daunting. Despite its prime location on the wine trail with easy access to wineries, it's been on the market for a few weeks now. Surprisingly, offers are way below expectations.

He was puzzled. Is it a remote location? Or perhaps it needs a touch of renovation for that extra appeal? 🤔 The neighboring properties across the lake seem to attract more attention due to their nightlife, but this serene spot has its unique charm.

Any thoughts on how to turn this into an irresistible opportunity? 🤝💡

🏡 Exploring hidden gems during the pandemic housing boom! 💫 I've discovered incredible towns, not just in Texas, but many with unique property rates that have weathered real estate storms smoothly. 🌟 These places didn't witness wild fluctuations, offering consistent, steady real estate growth over time.

📈 These towns boast affordable housing prices and sometimes, incredible short-term rent opportunities! 💰 I'm all about seizing these opportunities - if it's priced right, count me in as the top bidder! 🙌 I believe in fair deals, coming in with a clean offer at the perfect price.

🏠 Snatching a good deal quickly after it hits the market? Oh yeah, that's the strategy! Even with room for new constructions, sealing the deal is still possible. 💼 Don't overlook the quieter towns—sometimes, they hold the most promising treasures! 🌆

RealEstateGems

🚀 Our journey to expand investment opportunities is on the horizon! 🏡💼 We've been hard at work with an amazing team, strategizing to launch a 506C accredited investor fund. 💰📈 Our goal? 𝗥𝗮𝗶𝘀𝗲 $𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 to dive into the world of short-term rentals across various lucrative markets!

🌎 𝗡𝗼 𝗯𝗼𝘂𝗻𝗱𝗮𝗿𝗶𝗲𝘀! We're eyeing multiple markets—starting, perhaps, with Texas, brimming with potential. Our plan includes 3 to 5 markets, leveraging the benefits of scale and risk diversification.

🔍 𝗖𝘂𝗿𝗶𝗼𝘂𝘀 𝗮𝗯𝗼𝘂𝘁 𝗼𝘂𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆? It's a bit like a blind fund. Investors trust us as operators, relying on our expertise to scout promising properties.

📚 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗹𝗲𝗮𝗿𝗻𝗲𝗱? Building connections is key! I've been delving into the marketing realm, perfecting methods to engage new investors through webinars. It's all about fostering meaningful conversations and sharing insights about the exciting world of short-term investments!

𝘚𝘵𝘢𝘺 𝘵𝘶𝘯𝘦𝘥 𝘧𝘰𝘳 𝘮𝘰𝘳𝘦 𝘶𝘱𝘥𝘢𝘵𝘦𝘴 𝘢𝘴 𝘸𝘦 𝘨𝘦𝘢𝘳 𝘶𝘱 𝘧𝘰𝘳 𝘵𝘩𝘪𝘴 𝘪𝘯𝘤𝘳𝘦𝘥𝘪𝘣𝘭𝘦 𝘷𝘦𝘯𝘵𝘶𝘳𝘦! 🚀💼✨

🏘️💡 Wondering about market appreciation? 📈 In stable markets, the big question is: what's the expected appreciation rate? 🤔 Some consider 2% as the norm, but with inflation, could it be higher? 📊💭 My take? I'm pretty optimistic. Last week, I checked a town where year-over-year price appreciation for May 2023 hit 6%! 🌟 Despite real estate slowdowns, low inventory remains a historical trend. Short-term solutions seem elusive. 📉 That's why I foresee above-average growth for the next five years, maybe around 5-6% in the areas I'm exploring. 🌆✨

🌟 Discovering Investment Gems: 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗶𝗻 𝗥𝗲𝗰𝗲𝘀𝘀𝗶𝗼𝗻 🏘️💡

In a market full of ups and downs, finding stability isn't just a dream—it's a strategy. 💪 Last year, I delved deep into the dynamics of identifying real estate bottoms amidst economic uncertainties. Here's the scoop:

🔍 𝙄𝙙𝙚𝙣𝙩𝙞𝙛𝙮𝙞𝙣𝙜 𝙖 "𝙗𝙤𝙩𝙩𝙤𝙢" 𝙞𝙨 𝙝𝙞𝙣𝙙𝙨𝙞𝙜𝙝𝙩—three consecutive quarters of positive growth signal a turnaround. But false bottoms? They're a tricky twist.

💡 𝙇𝙞𝙜𝙝𝙩𝙗𝙪𝙡𝙗 𝙢𝙤𝙢𝙚𝙣𝙩: 𝙎𝙤𝙢𝙚 𝙡𝙤𝙘𝙖𝙡𝙚𝙨 𝙣𝙚𝙫𝙚𝙧 𝙨𝙖𝙬 𝙖 𝙗𝙤𝙩𝙩𝙤𝙢—they just kept rising. The secret? Recession-resistant pockets, often thriving on local economies. Think college towns or hidden gems in the Texas Hill country.

🛣️ 𝙏𝙝𝙚𝙞𝙧 𝙧𝙚𝙨𝙞𝙡𝙞𝙚𝙣𝙘𝙚? Likely from being surrounded by robust economies. These are the spots that tend to flourish, regardless of the national economic tides.

🏖️ 𝙄'𝙫𝙚 𝙛𝙤𝙪𝙣𝙙 𝙫𝙖𝙘𝙖𝙩𝙞𝙤𝙣 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙚𝙨 𝙩𝙝𝙖𝙩 𝙨𝙩𝙖𝙣𝙙 𝙨𝙩𝙧𝙤𝙣𝙜 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙩𝙝𝙞𝙘𝙠 𝙖𝙣𝙙 𝙩𝙝𝙞𝙣. Sure, returns might vary, but the trade-off? Security. Investing in these resilient locales means safeguarding assets, ensuring stability in appreciation and cash flow, no matter the economic weather.

📈 𝙎𝙖𝙘𝙧𝙞𝙛𝙞𝙘𝙞𝙣𝙜 𝙖 𝙗𝙞𝙩 𝙤𝙣 𝙧𝙚𝙩𝙪𝙧𝙣𝙨? Perhaps. But mitigating the risk of asset loss and securing stability? Priceless. 💰✨

🏡 𝙀𝙭𝙥𝙡𝙤𝙧𝙞𝙣𝙜 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙈𝙖𝙧𝙠𝙚𝙩𝙨: 𝙁𝙞𝙣𝙙𝙞𝙣𝙜 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙎𝙘𝙖𝙧𝙘𝙞𝙩𝙮 📈

🔍 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗻𝗼𝘁𝗶𝗰𝗶𝗻𝗴 𝘀𝗵𝗼𝗿𝘁𝗮𝗴𝗲𝘀 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗼𝗼? The inventory in my area is incredibly low, making due diligence a challenge. It's a competitive environment where flexibility in contracts is key. Good homes are flying off the shelves due to pricing dynamics.

💡 I've delved into markets not experiencing drastic 𝙥𝙧𝙞𝙘𝙚 𝙨𝙪𝙧𝙜𝙚𝙨 𝙤𝙧 𝙘𝙧𝙖𝙨𝙝𝙚𝙨. Some towns, particularly in Texas, boast unique property structures, maintaining steady growth even during economic downturns. These areas offer affordable housing options with potential for lucrative short-term rentals.

💰 𝙈𝙮 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮? Quick and competitive bids on well-priced properties. Even if it means occasionally offering slightly higher, securing a deal swiftly has been effective in these markets.

🏘️ It's all about understanding market 𝘯𝘶𝘢𝘯𝘤𝘦𝘴 and seizing 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴. How's the real estate landscape in your area?

Over the past months, I've been on a journey of learning and growth. Here's a sneak peek into my experiences:

🤝 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗸𝗲𝘆: Raising funds means constantly engaging in new conversations. Building systems to track these interactions has been crucial.

💼 𝗘𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲: Actively seeking deals led me to a deeper understanding of the due diligence process. Last week, I canceled a deal during the due diligence period, prompting me to step up my game.

💸 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝘁𝗼 𝗼𝘁𝗵𝗲𝗿 𝗽𝗲𝗼𝗽𝗹𝗲'𝘀 𝗺𝗼𝗻𝗲𝘆: Shifting from using only personal funds to involving others brought a new level of responsibility. I faced the fear head-on, seeking knowledge and on-site meetings with local operators.

🏡 𝗟𝗲𝘀𝘀𝗼𝗻 𝗹𝗲𝗮𝗿𝗻𝗲𝗱: An investment decision I almost made turned out to be the wrong house or, at the very least, needed more time to thrive. Adjustments led me to a more comfortable investment in a neighboring area.

🧠 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴: Using other people's money requires a higher level of due diligence. I've embraced the challenge, seeking knowledge and refining my approach.

Excited for what lies ahead! 💪

In this snippet, we dive into the age-old question: CRM vs Excel Spreadsheet. Our guest Brenton Van shares a unique take, swearing by the power of a personal touch in the mortgage business. Forget automation overload! 🤖💼 He believes 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘤𝘳𝘢𝘷𝘦 𝘢 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘰𝘯, 𝘯𝘰𝘵 𝘫𝘶𝘴𝘵 𝘢𝘯𝘰𝘵𝘩𝘦𝘳 𝘵𝘳𝘢𝘯𝘴𝘧𝘦𝘳.

🏡 𝗥𝗲𝗮𝗹 𝗧𝗮𝗹𝗸 🗣️: "People want a mortgage person they can actually talk to, not get lost in a sea of automation. It's about being there, answering the phone, and being a reliable expert for their questions. I'm not going anywhere in the next ten years, so when you need answers, I'm just a call away." 📞✨

🚀 𝗟𝗲𝘀𝘀𝗼𝗻 𝗟𝗲𝗮𝗿𝗻𝗲𝗱 🤔: Sometimes, simplicity and a personal touch beat fancy systems. Do you prefer the human touch or the efficiency of automation in your business dealings? Share your thoughts! 💬🔄

In this insightful video, we discussed strategies for expanding their property management business. Here's the scoop on my 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗴𝗿𝗼𝘄𝘁𝗵:

✅ I've brought in dedicated sales reps to acquire more rental units.
✅ Seeking the balance between owner satisfaction and maximizing rental income.
✅ A fresh take on separating sales and operations, ensuring smoother customer interactions.

This 𝘁𝗵𝗿𝗲𝗲-𝗺𝗼𝗻𝘁𝗵 𝗲𝘅𝗽𝗲𝗿𝗶𝗺𝗲𝗻𝘁 is already shaking up the game! 🚀 What are your thoughts on this approach? Share in the comments! 🏘️💰

🏡 Co-hosting vs. Arbitrage: Which path to choose in the world of real estate? 🤔

When it comes to starting your real estate journey, there are two main routes: co-hosting and arbitrage. Let's break it down for you:

1️⃣ 𝗖𝗼-𝗵𝗼𝘀𝘁𝗶𝗻𝗴: 💰 𝗟𝗼𝘄 𝘁𝗼 𝗻𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗶𝘀𝗸
Co-hosting involves minimal financial risk for you. You won't need to invest in properties upfront, and there's a chance to generate a steady income. Plus, you get the satisfaction of building equity. Ownership matters, right? 🏠

2️⃣ 𝗔𝗿𝗯𝗶𝘁𝗿𝗮𝗴𝗲: 💲 𝗥𝗶𝘀𝗸𝘆 𝘄𝗶𝘁𝗵 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗹𝗼𝘀𝘀𝗲𝘀
Arbitrage, on the other hand, comes with a financial risk. You'll be investing in properties you don't own, and lease agreements can have their uncertainties. Our buddy's story in 2020 serves as a cautionary tale – he had 50 leased properties in Houston when things took a downturn. 📉

In the end, he shifted his focus to ownership to regain control and stability. So, here's the scoop: 𝘊𝘰-𝘩𝘰𝘴𝘵𝘪𝘯𝘨 𝘪𝘴 𝘵𝘩𝘦 𝘴𝘢𝘧𝘦𝘳 𝘣𝘦𝘵 𝘸𝘪𝘵𝘩 𝘭𝘪𝘵𝘵𝘭𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘳𝘪𝘴𝘬 𝘰𝘯 𝘺𝘰𝘶𝘳 𝘴𝘪𝘥𝘦! 💰

Choose wisely, and make your real estate journey a success. 🌟

𝗟𝗮𝘀 𝗩𝗲𝗴𝗮𝘀, known for its glitz and glamour, has an incredibly volatile hospitality economy, with hotels, motels, bars, and restaurants at the heart of it. This sensitivity to recessions raises some 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘧𝘰𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴.

📈 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝘃𝘀. 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 🏠💰
As a short-term rental investor, the ups and downs in Vegas' economy could be a cause for concern. On the other hand, if you're thinking of a long-term real estate investment, the volatile housing market might not be as worrisome. In the long run, property values tend to appreciate.

💡 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗪𝗶𝘀𝗰𝗼𝗻𝘀𝗶𝗻 🧀
Comparing Vegas to Wisconsin, we see that the latter maintained a more stable growth rate both before and after the recession. This highlights the importance of seeking out stable cash flow economies, which may not always align with stable housing markets.

🌐 𝗙𝗶𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝘄𝗲𝗲𝘁 𝗦𝗽𝗼𝘁 🎯
For successful investments, it's crucial to identify the intersection of stable housing and hospitality economies. This balance ensures financial stability and growth prospects.

𝘐𝘯𝘷𝘦𝘴𝘵 𝘸𝘪𝘴𝘦𝘭𝘺, and keep an eye on those economic trends!

In this podcast episode, we're diving into the fascinating world of real estate photography! 🏠📸 Whether you're listing your place or just curious about it, you'll find these insights intriguing.

🌟 𝗙𝗶𝗿𝘀𝘁 𝗜𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻𝘀 𝗠𝗮𝘁𝘁𝗲𝗿:
When it comes to showcasing a property, it's not all about exterior shots and traditional listing norms. Unlike the MLS, we have the creative freedom to start with what truly wows you. The pool, the backyard oasis, or those incredible amenities often steal the spotlight. It's all about where people will gather and make memories. 🌴💫

🔍 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
Real estate photography for Airbnb is a whole different ball game. Instead of wide shots, we zoom in on those cozy nooks and crannies, highlighting the unique features that make a space truly special. Think cool bar spaces, pool tables, and charming decor that adds character to every corner. 🍸🎱🌼

So, when you're ready to list or simply want to 𝘤𝘢𝘱𝘵𝘶𝘳𝘦 𝘵𝘩𝘦 𝘦𝘴𝘴𝘦𝘯𝘤𝘦 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘴𝘱𝘢𝘤𝘦, remember, it's all about 𝘀𝗵𝗼𝘄𝗰𝗮𝘀𝗶𝗻𝗴 what makes it exceptional. Let's celebrate the beauty of the details! 🏡✨

Host: Mark Updegraff

🌆 Exploring New Orleans and seizing opportunities with Rej! 💼 Just heard about his impressive $29 million multifamily unit deal in Dallas, Texas. 🏙️💰

🚨 𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, times of fear often present the best opportunities. When others are scared, 𝘪𝘵'𝘴 𝘺𝘰𝘶𝘳 𝘤𝘩𝘢𝘯𝘤𝘦 𝘵𝘰 𝘵𝘩𝘳𝘪𝘷𝘦! 💪

🏛️ Surround yourself with 𝗹𝗲𝗴𝗲𝗻𝗱𝘀 and keep your eyes open for those incredible deals. 💼✨

🙏 Thanks to Rej for the 𝗶𝗻𝘀𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻 and 𝘀𝘂𝗰𝗰𝗲𝘀𝘀! 🙌

Wandering through the charming streets of this small town, a 𝗵𝗶𝗱𝗱𝗲𝗻 𝗴𝗲𝗺 in the world of real estate 🌆🏘️. What captivates me is the allure of 𝘭𝘦𝘴𝘴𝘦𝘳-𝘬𝘯𝘰𝘸𝘯 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯𝘴, off the mainstream investor radar. 🎯

👉 Unlike hotspots like Scottsdale, properties here are 𝗮 𝗯𝗿𝗲𝗮𝘁𝗵 𝗼𝗳 𝗳𝗿𝗲𝘀𝗵 𝗮𝗶𝗿, still within reach. 🏜️❌ They aren't just expensive dreams! In places like these, you'll find countless mom and pop boutique hotels and small businesses, waiting for the right opportunity to pass the torch. 🏨👨‍👩‍👧

💼 That's where the magic happens. These hidden gems offer incredible deals, promising 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 that make your investment sparkle. 💰✨

📈 What's more, they're evolving with a new wave of younger residents, changing the 𝗱𝗲𝗺𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲. 🌄👶 No more just retirees; it's all about fresh beginnings and growth. 🌱

🌟 It's the unique, charming nuances of these places that have my heart. 💕 Real estate opportunities are calling, and I'm ready to answer! 📊💪

𝗘𝘃𝗲𝗿 𝘄𝗼𝗻𝗱𝗲𝗿𝗲𝗱 𝗶𝗳 𝘁𝗵𝗲 𝗟𝗮𝘀 𝗩𝗲𝗴𝗮𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝗵𝗼𝘀𝘁𝗶𝗹𝗶𝘁𝘆 𝗲𝘅𝘁𝗲𝗻𝗱𝘀 𝘁𝗼 𝗛𝗲𝗻𝗱𝗲𝗿𝘀𝗼𝗻? Well, the Henderson area offers a unique perspective! 🏘️ Unlike the bustling Vegas market, Henderson has a strict licensing scheme in place, making it challenging to get a license for short-term rentals.

🛡️ Henderson's licensing system includes a 𝘲𝘶𝘰𝘵𝘢 on the number of licenses issued and enforces a distance requirement between short-term rentals and casinos or hotels to avoid competition. 🎰🏨

🌐 The result? The city's map is practically covered in 𝘭𝘪𝘤𝘦𝘯𝘴𝘦-𝘳𝘦𝘴𝘵𝘳𝘪𝘤𝘵𝘦𝘥 𝘻𝘰𝘯𝘦𝘴, making it tough to find a suitable spot to buy a home and get a license. 🗺️

🚫 In Las Vegas itself, the situation is similar. Most of the big casinos are located in unincorporated county areas, and no new licenses have been issued for a while.

📜 So, in a nutshell, the legal landscape in the Las Vegas area can be quite 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙞𝙣𝙜 for those looking to invest in short-term rentals. 🤯