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What You Should Know Before Buying an REI Portfolio
January 27, 2025 | 2.5 Minute Read Last week I was sent a portfolio of 50 turnkey houses from an investor looking to retire and cash out. That got me thinking. This would be a great time to dive in to the pros and cons of purchasing a portfolio of rental properties. PROS Immediate Scale: […]
Read This Before Using the BRRRR Strategy
January 20, 2025 | 2.5 Minute Read Recently, an out-of-state investor approached me for guidance on employing the BRRRR strategy. BRRRR, which stands for Buy, Renovate, Rent, Refinance, and Repeat, is a popular method to build wealth in real estate. The investor had gone under contract for a property priced at $75,000, planning $20,000 in […]
How I see the Market in 2025
January 13, 2025 | 2.5 Minute Read Before the crash of 2008, I was doing very well flipping houses in the Miami/Fort Lauderdale market. When the warning signs appeared in 2006, I ignored them and took on unnecessary risk and it costs me dearly. It was only after the crash that I learned some hard […]
My Secret to 80% STR Occupancy During Slow Season
January 6, 2025 | 3 Minute Read After three years of running our short-term rentals, I dread our slow season – from December through February. And when I say slow, I mean dead. Last year, our average occupancy during these months is 16% below our normal average. For example, from December 1 to December 31, […]
Setting Goals to Buying a Turnkey Rental
December 2, 2024 | 3.5 Minute Read Buying a turnkey real estate investment property—one that is fully renovated, rented, and generating income—can be a low-effort way to start or expand a real estate portfolio. However, success in this type of investment requires clarity about your goals and well-thought-out strategies. First, you need to establish clear […]
Drive Occupancy in Your Short-Term Rentals with this Strategy
November 11, 2024 | 2.5 Minute Read A few months back I started exploring strategies to boost bookings across our 13 short-term rentals. In our market, monthly occupancy rates around 50% are considered average, but I aimed to improve this, especially during weekdays. In peak season, we focus on maximizing nightly rates, aiming for that […]
How to Market Your Rentals & Screen Tenants
November 4, 2024 | 2.5 Minute Read When a property becomes available for rent, our first priority is to capture high-quality photos and videos. After enhancing the images, I use film editing software to create a brief 1-2 minute video. You might wonder why include a video; let me explain. Once the media is ready, […]
How We Made $70,000 with Four Mid-Term Bookings
October 28, 2024 | 2.5 Minute Read Back in June, I started exploring ways to boost bookings and occupancy across our 13 short-term rentals, which we currently list on both Airbnb and VRBO. The answer? Mid-term rentals. This type of rental accommodates guests seeking housing accommodations of 28 days or more — a huge, untapped […]
My Short Term Rental Nightmare Hellish Week
October 7, 2024 | 2 Minute Read Managing a single short-term rental is relatively easy, but handling 13 properties across platforms like Airbnb, VRBO, Booking.com, and Booklee requires processes, systems, and automation. Tools like calendar syncing, dynamic pricing, instant messaging, WIFI locks, and Google Nest Thermostats are supposed to make management smoother—and they usually do. […]
Choosing the Best Rental Strategy for Your Property
September 16, 2024 | 3 Minute Read Last week, Carl from NYC reached out to ask about his vacant long-term rental property in Birmingham. He wondered if switching it to a short-term rental (STR) would be a profitable choice. We’ve all seen the success stories from short term rental evangelists, sharing their impressive profits and […]
