The Risk Of Growing Your Real Estate Empire Too Fast
Release Date: 11/08/2022
One of the best ways to find new customers is by advertising online. During a call with students, I was asked for advice on making direct bookings through digital marketing. I share advice, tips, and strategies to best help you gain visibility, and start getting direct bookings to build your short term real estate empire. Also in this episode: Using automation to set up advertisements Networking with companies that will directly book from you Why you are wasting your time by building a website Understanding your brand identity Subscribe To The Show | | Connect with J. Massey and the...info_outline The Short Term Rental Industry, Income, Taxes, And You
Short term rental industry creates a lot of taxable income, which keeping track and reporting your income to the I.R.S is crucial. During our recent coaching session, I shared some strategies and techniques to ensure all your income is being reported and protect your short term real estate business. Also in this episode: How to get your effective tax rate down to zero Strategy to get as many short term rentals How to use saving money as a measurement of success Subscribe To The Show | | Connect with J. Massey and the Cashflow Diary™ | | |...info_outline Everyone Is Talking About Inflation, But What Is It And Why Does It Matter?
The price of real estate increases in tandem with the inflation rate. Housing and other real estate assets generally rise when inflation increases. In today's episode, we will discuss inflation in order to understand how it works, and how it may affect your real estate business. Knowing what to expect, and how to cope with it, can give you better chances of protecting and maximizing your real estate empire in the long run. Also in this episode: Why you want to own and control the means of production Understanding interest rates is essential in order to scale The average...info_outline The Biggest Expense When Building Your Short Term Real Estate Empire
Rent is your biggest expense when it comes to building your short-term real estate empire. So it is crucial that you answer and understand certain questions, such as how you know if you're paying too much or what type of lease you should get. This will enable you to maximize your profits. During our recent coaching session, I shared some strategies and insights that will help you ensure that you are getting the best price for your short-term rental properties. Also in this episode: How do you evaluate a property How to know if you are paying too much for rent What type of lease do you need...info_outline Your Network Is Everything When Building Your Short Term Rental Empire
Creating your network is the best way to build your real estate business and not have to be dependent on an algorithm. In today's episode, I will share tips and techniques on the best ways to build your network to get you on your way to growing your own short term real estate empire. Also in this episode: How to reach the market places in your area Nobody does anything alone, you will need to build a team Why you need to build a database of customers Your customers need to have a connection with you before they work with you Subscribe To The Show | | Connect with J....info_outline The Best Pricing Strategy For Airbnb To Maximize Your Revenue
Developing a pricing strategy for your Airbnb rentals is one of the most challenging parts of building your short term rental empire. During a question and answer session with coaching clients, I share insight and what strategies have been the most effective to maximize revenue. Also In this episode: The role that each platform should play in your strategy Diversification and pricing on Airbnb What can NPP do for your bottom line Strategies to use to encourage renters to book longer Subscribe To The Show | | Connect with J. Massey and the Cashflow...info_outline Three Phases Your Business Will Go Through While Building Your Short Term Rental Empire
While building your short term rental empire, there are three phases your business will go through. Knowing what to expect will give you time to plan and make informed decisions. That knowledge, combined with my short term rental strategy will put you in an excellent position to build a robust, sustainable, and profitable real estate portfolio and get you on your way to building your short term real estate empire. In this episode You need to learn how to run a business The different systems you will need to create in order for your business to thrive Once you have revenue, what real estate...info_outline How To Classify Contractors, Vendors, And Employees In Your Short Term Rental Business
As your short term rental empire grows, you need to hire more contractors, vendors and employees. It is important that you classify them accordingly to ensure your business runs as smoothly as possible. During a question and answer session with coaching clients, I share insight and tips and break down the intercity of classifications for each hire. In this episode: How to find a human resources representative in your region How each state has different classifications of contractors and employees Finding qualified independent contracts using online resources When is it time to hire a...info_outline The Risk Of Growing Your Real Estate Empire Too Fast
When you're growing your real estate empire, there is a scenario where your business will grow too fast. During a conversation with a coaching client, I shared advice and strategies on what to do if you end up in a situation where your real estate empire is growing rapidly and how to minimize your risk. In this episode: The best strategies for rapid growth Your risk increases the more investors you are working with As your business grows, your focus needs to switch to updating your systems How to use Paypal to get a working capital loan Subscribe To The Show | | ...info_outline Start Your Own Short Term Rental Business Without Owning Property
One misconception I hear often is that you need to own property to start a short term rental business. In today's episode, I dispel that misconception and will teach you the first steps to take to start your own short term rental business and get you on your way to building your real estate empire. In this episode: How to acquire Real Estate using none of your own money or credit Where is the highest and best use of your time? My origin story of how I got started in the short term rental industry How to create your own down payment machine Subscribe To The Show...info_outline
When you're growing your real estate empire, there is a scenario where your business will grow too fast. During a conversation with a coaching client, I shared advice and strategies on what to do if you end up in a situation where your real estate empire is growing rapidly and how to minimize your risk.
In this episode:
- The best strategies for rapid growth
- Your risk increases the more investors you are working with
- As your business grows, your focus needs to switch to updating your systems
- How to use Paypal to get a working capital loan
Subscribe To The Show
Connect with J. Massey and the Cashflow Diary™
Read the latest Cashflow Diary article: https://cashflowdiary.com/blog/inflation-vs-deflation-and-why-both-can-make-or-break-the-economy/
About Cashflow Diary™
J. Massey is a full-time Real Estate Investor, Entrepreneur, Popular Podcast Host, Author, Speaker, Coach & All-Around Problem Solver.
Cashflow Diary is a short-term rental hospitality training company. We show people how to build their own short-term rental business (without needing to buy or own any property) so they can thrive financially.
Heralded as the most advanced short-term rental training in the industry, Cashflow Diary enjoys creating content and communities that are solely focused on developing individuals into powerful business owners. Founded by J. Massey, Cashflow Diary exists to create short-term rental entrepreneurs. No matter your passion, he believes that running a hospitality business will change people’s lives…
Cashflow Diary is here to share all of it with you.