We Are Shifting Our Short Term Rental Strategy
March 25, 2025 | 3 Minute Read When we launched our first short-term rental (STR) in early 2022, we were excited by the potential for higher income. Our thought was simple: why not convert several of our long-term rental properties into STRs? As long as we could net at least $200 per month—similar to what […]
REI.SCHOOL Celebrates One Year
March 31, 2025 | 1.5 Minute Read April 1, 2025, marks the one-year anniversary of launching REI.School. Over the past year, I’ve published more than 150 real estate articles, coached investors at various stages of their careers through one-on-one sessions, and expanded the REI.School Store to offer crucial documents—including calculators, assignment and purchase agreements, legal […]
I Made $100K This Month. How’d You Do?
March 24, 2025 | 1.5 Minute Read March turned out to be a solid month. While in Dallas for a conference, we sold one of our turnkey properties. Now, I’ll be honest—I hesitated to sell this one. It was pulling in a 16% net cap rate, which is nothing to sneeze at. So why let […]
You Need Multiple Streams of REI Income
March 24, 2025 | 3 Minute Read When I first started investing in real estate back in 2002, my sole strategy was wholesaling. It had a low barrier to entry with minimal costs, making it an easy way to get started. And it worked—until 2008. When the market crashed, buyers disappeared, and most wholesalers quickly […]
Why I Refinanced My Airbnb
March 3, 2025 | 3.5 Minute Read Last week, I completed a refinance on one of my short-term rentals (Airbnb). I had owned the property free and clear for nine years. For the first seven years, I rented it to two different Section 8 tenants. Since there was no mortgage, my cash flow averaged around […]
Will Real Estate Investors Benefit as Market Thaws?
February 3, 2025 | 3 Minute Read The U.S. residential real estate market is showing signs of thawing after a slow December, with a surge in new listings and a gradual easing of the “lock-in” effect. This shift presents opportunities for real estate investors looking to scoop up properties at favorable prices before the market […]
How My Mid-Term Rental Earned $7,805 in 30 Days
January 27, 2025 | 1.5 Minute Read In several previous posts, I’ve highlighted the power of mid-term rentals. It’s a huge opportunity in the short term rental space and if you are not leveraging these opportunities, you are at a disadvantage. Let’s revisit what makes this such a valuable strategy. What is a Mid-Term Rental?A […]
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, […]
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 […]
The REI Documents You Need to be Successful
November 4, 2024 | 1.5 Minute Read Over 22 years and with more than 2,200 properties owned and flipped, I’ve had quite a journey as a real estate investor. Along the way, I’ve gathered a wealth of knowledge, insights, and strategies. I’ve put nearly every real estate investing strategies into practice, from wholesaling, joint ventures, […]