214. Cabin Fever & Short-Term Rentals with Leslie Anne Morris
Release Date: 09/05/2023
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info_outlineYour WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.
In this episode of “The WakeUp Call” podcast, Host Paul Thompson is joined by “The Cabin Lady”, Leslie Anne Morris. The two discuss her portfolio of Short-Term Rentals within Cabins in the Smoky Mountains, which have exploded in popularity alongside the increasing tourism to the area. With a smart business and property management strategy, she explains how it’s possible to make substantial returns, but that it’s important to create the necessary infrastructure and aesthetic to maximize the potential of a tourism-heavy space.
Don’t miss this incredible discussion featuring insight from a top-notch professional in the Short Term Rentals Space, phenomenal speaker, upcoming author, and an advocate for advancing women into the Real Estate Market.
Key Points From This Episode:
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The Pros and Cons of Long Term, Mid Term, and (Leslie Ann’s specialty) Short Term Rentals.
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Lean into a THEME. Underperforming STRs might benefit from an updated & thematic design.
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Work With an Agent, who is also an Investor… and ideally one that also owns the thing that you’re looking to buy.
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Don’t Self Manage, Get a legally licensed Property Manager, especially when it comes to having multiple STRs.
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A Bad Cleaner can ruin your Business… Really Fast.
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How to handle the challenging logistics of FURNISHING STRs.
Follow Paul Thompson
• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/
• Website | https://pauldavidthompson.com
• Tiktok | https://www.tiktok.com/@pauldavidthompson
Resources:
Leslieannemorris.com - Cabin Investing Resources & STR Information
PaulDavidThompson.com - Real estate resources, past episodes, and information on my mastermind
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About Today’s Guest:
Leslie Anne Morris, “The Cabin Lady”, began her Smoky Mountain investing journey while earning her MBA at the University of Southern California and working in Los Angeles as a commercial banker. For over twenty years, Leslie helped high-profile clients like SpaceX and closed a $50 million private equity deal. She applies the same underwriting strategy to building her growing real estate portfolio. And today, she is sharing her playbook to motivate others to do the same while creating truly passive income in short-term rentals.
leslieannemorris.com