loader from loading.io

214. Cabin Fever & Short-Term Rentals with Leslie Anne Morris

The Wake Up Call

Release Date: 09/05/2023

256: Finding Opportunities in the Current Market with Ron Koenigsberg show art 256: Finding Opportunities in the Current Market with Ron Koenigsberg

The Wake Up Call

Description: Your 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. Ron Koenigsberg, president of American Investment Properties, discusses the importance of relationships and communication in the commercial real estate industry. He emphasizes the value of working with commercial real estate brokers to gain access to the best deals and shares his insights on finding opportunities in a challenging market.  Ron also highlights the significance of active...

info_outline
255: Exploring Alternative Assets: The Cignet Fund with Andrew McNair show art 255: Exploring Alternative Assets: The Cignet Fund with Andrew McNair

The Wake Up Call

Description:  Your 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. Paul interviews the president and founder of Swan Capital, a wealth management firm, Andrew McNair. Andrew shares his background and how he got into finance and real estate investing. He discusses the importance of diversification and the lessons he learned from losing a significant amount of money in the stock market.  Andrew also talks about creating Swan Capital and the...

info_outline
254: The Transformative Power of Intentional Living with Chris King show art 254: The Transformative Power of Intentional Living with Chris King

The Wake Up Call

Description:  Your 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 thought-provoking episode, Paul and Chris delve into the profound concepts of individual agency, self-sabotage, and the power of alignment between our inner experiences and external realities. They explore strategies for breaking free from limiting beliefs, overcoming procrastination, and harnessing the transformative potential within each of us. With real-life examples and...

info_outline
253: The Power of Intellectual Humility show art 253: The Power of Intellectual Humility

The Wake Up Call

Description:  Your 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 thought-provoking episode, Paul shares a profound life lesson he learned from a humbling experience in his corporate career. He emphasizes the importance of intellectual humility – recognizing that we don't have all the answers and being open to learning from our mistakes. Paul discusses how embracing intellectual humility can lead to greater success, resilience, and...

info_outline
252: From Debt to Empire Building with Steven Andrews show art 252: From Debt to Empire Building with Steven Andrews

The Wake Up Call

Description:  In this insightful episode, Steven, a seasoned real estate investor, shares his journey from being in debt to building a successful real estate empire. He emphasizes the importance of due diligence, active management, and assessing individual circumstances before investing in properties.  Additionally, Steven discusses creative financing strategies, location considerations, and the potential of distressed properties for wealth building. Paul and Steven delve into the evolving interpretation of the American Dream, highlighting the increasing interest in real estate...

info_outline
251: Empowering Landlords to Build Successful Portfolios with Krista Reuther show art 251: Empowering Landlords to Build Successful Portfolios with Krista Reuther

The Wake Up Call

Description:  Your 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, Krista and Paul discussed the advantages of Turbo Tenant, an all-in-one landlord software solution. Krista emphasized that the software, developed with input from landlords, offers a comprehensive suite of features and a free trial, making it accessible to a wider range of users. She also highlighted the company's affordable pricing, driven by its commitment to...

info_outline
250: Structuring Family-Owned Businesses and Real Estate Investments with Carmen Da Silva show art 250: Structuring Family-Owned Businesses and Real Estate Investments with Carmen Da Silva

The Wake Up Call

Description:  Your 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, Carmen and Paul dived in to the intricacies of structuring family-owned businesses and managing real estate investments. They discuss the use of subsidiaries, parent entities, and the advantages and challenges of various business structures. Additionally, they explore the benefits of self-directed IRAs for real estate investing, tax planning strategies, and asset...

info_outline
249: Unconventional Journey to Real Estate Success with Engelo Rumora show art 249: Unconventional Journey to Real Estate Success with Engelo Rumora

The Wake Up Call

Description:  Your 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 insightful episode, host Paul welcomes Engelo, a self-made real estate entrepreneur with a unique background. From dropping out of school at 14 to playing professional soccer in Hong Kong, and later transitioning to construction and self-development, Engelo's journey is a testament to perseverance and the pursuit of one's passions.  Engelo shares his experiences in the...

info_outline
248: Insights from Mateo Bervejillo's Path to Success show art 248: Insights from Mateo Bervejillo's Path to Success

The Wake Up Call

Description:  Your 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 insightful episode, we delve into the entrepreneurial journey of Mateo, the CEO of Xseed, a software development company based in Uruguay. Mateo shares his inspiring story, from his early career as a manager in the teleconsultancy industry to his transition into the outsourcing sector and eventually becoming an entrepreneur.  He highlights the challenges he faced along...

info_outline
247:  How AI is Leveling the Playing Field for Investors with Andrew Einhorn show art 247: How AI is Leveling the Playing Field for Investors with Andrew Einhorn

The Wake Up Call

Description: Your 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, we sit down with Andrew, the founder of LevelFields AI, to discuss how his company is using advanced data analysis and artificial intelligence to give individual investors access to the same powerful insights that were previously only available to large financial institutions.  Andrew shares how his platform scans thousands of news sources and company filings in...

info_outline
 
More Episodes

Your 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: 

  • The Pros and Cons of Long Term, Mid Term, and (Leslie Ann’s specialty) Short Term Rentals.

  • Lean into a THEME. Underperforming STRs might benefit from an updated & thematic design.

  • Work With an Agent, who is also an Investor… and ideally one that also owns the thing that you’re looking to buy.

  • Don’t Self Manage, Get a legally licensed Property Manager, especially when it comes to having multiple STRs.

  • A Bad Cleaner can ruin your Business… Really Fast.

  • How to handle the challenging logistics of FURNISHING STRs.

 

► Resources

How can I help you? 

Book a 1 on 1 strategy session here  https://bit.ly/4bXI1CQ

Looking for your commercial deam partner? Learn more https://shorturl.at/AzEip

Opt in to my newsletter  https://shorturl.at/kxMO8

My social media accounts https://linktr.ee/pauldavidthompson

Check out my blog https://pauldavidthompson.com/blog/

Listen to my latest podcast episodes  https://pauldavidthompson.com/podcast-2/

Build your real estate portfolio hassle free with our Partner’s at SHARE. https://calendly.com/sfrteam/pdt-share?month=2024-04

Ready to revolutionize your content production? Try Riverside.fm. https://riverside.getrewardful.com/signup

Free guide 'Making Offers Sellers Can't Resist': https://bit.ly/offerguide

 

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