The short term rental industry is a fast-growing sector and now is the perfect time to grow your portfolio to break free from that 9-5 job. We've previously talked about how many markets to look at when growing your STRs, now we'll give you some tips on what to look for when buying your next STR.

I’d say 90% of the hosts that I talk to say the number 1 reason they started their short term rental business was to get out of their 9-5 job. Well, the question becomes, what is the perfect time to make the leap and go full time? Mike Reilly and I break down how to create your exit strategy from your 9-5. We're less than a month away from the STR Wealth Conference! Make sure to grab your tickets now because they are selling out fast! Log on to http://www.strwealthconference.com/ (www.strwealthconference.com) to grab your tickets. See you in Nashville, TN from June 6-8!

Brooke Pfautz is one of the industry's foremost experts in growing vacation rental inventory. He literally wrote the book on inventory growth – and it’s already a three-category Amazon bestseller. Brooke got his start in the industry in 2007 when he co-founded Vantage Resort Realty in Ocean City, MD, and took an idea on a napkin to more than 500 properties in just five years. After a successful exit, he went on to grow inventory for other major vacation rental brands as a Chief Business Development Officer in multiple destinations. Most recently, as an executive at a leading vacation rental software company, he saw first-hand through MasterMind groups that he launched and facilitated what worked and what didn’t for the 20 largest and most successful companies in the country. Today, Brooke leads Vintory, the first and only CRM and Sales and Marketing Automation Platform designed exclusively for Vacation Rental Managers to grow their inventory. At Vintory, a team of over 50 growth experts is laser-focused on one thing: helping VRMs hit or exceed their inventory growth goals. 10 Simple Steps to Grow Your Vacation Rental Inventory - https://bit.ly/3wd9Kw3 (https://bit.ly/3wd9Kw3) Email: brooke@vintory.https://vintory.com/ (com) https://vintory.com/ (https://vintory.)cohttps://www.linkedin.com/in/d-brooke-pfautz-1a4a4a1/ (m)https://twitter.com/vintoryhq/ (/ ) https://twitter.com/vintoryhq/ (https://twitter.com/vinto)ryhq/https://www.instagram.com/vintoryhq ( ) https://www.instagram.com/vintoryhq (https://www.instagram.com/vintoryhq)https://www.linkedin.com/in/d-brooke-pfautz-1a4a4a1/ (/) https://www.linkedin.com/in/d-brooke-pfautz-1a4a4a1/ (https://www.linkedin.com/in/d-brooke-pfautz-1a4a4a)1/

Everyone wants to achieve financial freedom that's why people are looking for ways to create multiple streams of income and that includes growing your short term rental portfolio. And the common mistake of people who wants to scale their business is looking at multiple markets at once. Find out in this episode how many markets you should look at when growing your short term rental business. Access a wealth of information at http://www.strsecrets.com/resources (www.strsecrets.com/resources). Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 in Nashville, TN at http://www.strwealthconference.com/ (www.strwealthconference.com).

Kenneth Bedwell moved to Buffalo, NY 4 years ago for a job at a big bank doing research in the equities market. He wanted to invest in real estate and found STRs. Kenny really enjoyed it so he started leasing and co-hosting properties so he could get the cash to level up and purchase properties. Kenny has purchased properties and used his new data tool - STR Insights to find new and emerging markets based on his personal preferences. Sign up for the launch to get notified for STR Insights' launchhttps://www.strinsights.com/ ( )at https://www.strinsights.com/ (https://www.strinsights.com) Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 in Nashville, TN at http://www.strwealthconference.com/ (www.strwealthconference.com) https://www.linkedin.com/in/kenneth-bedwell-9680a8113 (https://www.linkedin.com/in/kenneth-bedwell-9680a8113)

Chris Ledwidge is the Pioneer and Co-Founding Partner of theLender with a demonstrated track record of driving unparalleled customer service and maximum volume and profits for high-activity mortgage divisions encompassing staffs of up to 100 personnel. His background includes mortgage industry experience, with a focus on investor loans, short term rental loans, builder/construction loans, and residential mortgages He serves as a member of the executive team for theLender, He maintains direct responsibility for the profitability, growth, and strategic direction of distributed retail at theLender. It would be his pleasure to partner with you on your pursuit to greatness. His commitment to excellence, professional communication, knowledge, and ability to think outside of the box have consistently produced results that speak for themselves. http://www.thelender.com/ (www.thelender.com)

Aaron Velky is an entrepreneur, writer, high-performance coach, speaker, and author from Baltimore, Maryland. He’s the CEO of Money Club, a community of people interested in building wealth in a way that aligns with their values – offering courses and coaching producing passive income, creating financial freedom, and creating generational wealth. They also offer employee wellness programs to businesses and financial education programs to schools and youth groups. As a part of his own real estate journey, to model what his students will be able to accomplish, Aaron began his real estate journey in 2022. His vision is to own 7 properties across the US - big enough to house his retreats, family getaways, and events, as well as invite your family and friends to host your own event, escape, or celebration. His first property opened in Bradenton Florida. He’s also the co-founder of Quitter’s Club, an organization that helps people quit the life they thought would make them happy for the life that will. They offer courses, masterminds, and events that help people discover, design, and execute a life without the things that no longer serve them. He’s coached several hundred athletes and released his first book called Let Her Play which guides parents and coaches through a growth framework. His work helps leaders create better communication, more psychological safety, and better performance of the team or player. And to balance it all out - he’s an athlete, artist, reader, adrenaline junky, and comic book nerd. https://www.linkedin.com/in/aaronvelky/ (https://www.linkedin.com/in/aaronvelk)y/ https://www.instagram.com/aaronvelky/ (https://www.instagram.com/aaronvelk)y/ https://aaronvelky.com/ (https://aaronvelky.co)m/ https://www.wearemoneyclub.com/ (https://www.wearemoneyclub.co)m/

Airbnb has recently rolled out a new policy about Rebooking and Refund Policy and it has been a hot topic in the short term rental community. Let's deep dive into this new policy in today's episode. Click the link below to know more about Airbnb's Rebooking and Refund Policy. https://www.airbnb.com/help/article/2868/rebooking-and-refund-policy (https://www.airbnb.com/help/article/2868/rebooking-and-refund-policy)

Grab your tickets for the STR Wealth Conference at http://www.strwealthconference.com/ (www.strwealthconference.com) Mike Sjogren https://www.facebook.com/groups/STRentalsecrets (https://www.facebook.com/groups/STRentalsecrets) https://www.facebook.com/theAirbnbGuy (https://www.facebook.com/theAirbnbGuy) https://www.instagram.com/the_airbnbguy (https://www.instagram.com/the_airbnbguy) https://www.youtube.com/c/ShortTermRentalSecretsShow (https://www.youtube.com/c/ShortTermRentalSecretsShow) https://www.linkedin.com/in/mikesjogren (https://www.linkedin.com/in/mikesjogren) https://www.clubhouse.com/@michaelsjogren (https://www.clubhouse.com/@michaelsjogren) Emanuele Pani https://www.facebook.com/emanuele.pani.9 (https://www.facebook.com/emanuele.pani.)9 https://www.instagram.com/epani.realestate (https://www.instagram.com/epani.realestat)e https://www.linkedin.com/in/emanuele-pani-0b2970105 (https://www.linkedin.com/in/emanuele-pani-0b297010)5 https://www.clubhouse.com/@epanirealestate (https://www.clubhouse.com/@epanirealestat)e

Positive reviews are important to one's success in vacation rentals. These reviews will help the guests decide where to stay and also it is an important factor to climb up the ladder to get that Superhost status. But how are you going to get more 5-star reviews from your guests? Find out on this week's episode!

Pam Knudsen is an executive at Avalara, leading multi-tax teams including Lodging, Beverage Alcohol, Telecommunications, and Sales and Use Tax. She serves as a leading voice in vacation rental tax compliance and regulation, in addition to bringing in-depth experience across software/SaaS technology as well as ERP systems. Pam joined Avalara in 2012. https://www.linkedin.com/in/pamknudsen/ (https://www.linkedin.com/in/pamknudsen/) https://www.linkedin.com/company/avalara/ (https://www.linkedin.com/company/avalara/)

Tracking progress is a dynamic tool, it keeps you consumed and productive. As a business, it is important to know where your numbers at to see if you are on the right track or if you need to make some adjustments to make your business better. In this week's episode, we will talk about the top 5 KPIs that you need for your Airbnb business. Our friends at PriceLabs are offering a free trial, just go tohttps://bit.ly/3tC3Q7F. ( https://bit.ly/3tC3Q7F).

Avery Carl is the author of “Short Term Rental, Long Term Wealth,” host of “The Short Term Show” podcast, CEO of The Short Term Shop, and real estate investor with 189 doors. https://theshorttermshop.com/ (https://theshorttermshop.com/) https://www.linkedin.com/in/averycarl/ (https://www.linkedin.com/in/averycarl/) https://www.instagram.com/theshorttermshop/ (https://www.instagram.com/theshorttermshop/)

Instant Book allows the guest to book immediately without a need to send a request to the host for approval. There are a lot of pros and cons for the hosts and guests when this feature is turned on. So the question still stands, should you turn on Instant Book on Airbnb?

Cale Delaney, who self-titles himself as the Accidental Intentional Millionaire, is a Christian, real estate investor, husband, and father of 3. After graduating cum laude with an engineering degree, he began his real estate career back in 2006 working as a Commercial Real Estate Investment Broker for a large Investment Brokerage in Miami, FL where he was awarded the Pace Setter award his first year for the most number of listings and sold over $7M in multi-family and retail real estate. However, with the crash of 2008, he left that business and put the real estate on hold until 2020 when he decided to go all in to start building generational wealth for his family. Since then, his investment portfolio went from $300k in January 2020 (a previous primary home turned rental) to over $4M and a net worth of over $2M less than 2 years later. In these two years, he’s purchased a total of 11 units including 5 LTRs and 6 STRs, 5 of which are luxury log cabins in the Smoky Mountains. Cale self-manages all his properties remotely while still working a W2 job. In his first year as an STR owner/operator, he’s generated almost $500k in gross revenue and hosted over 1,700 guests. He took his very first STR cabin from a projected revenue of $85k to an actual of almost $150kand converted an LTR generating $16k annually to an STR now on track to generate over $60k. Cale’s main focus now is on building his STR business and cash flow with the intent to move into larger multi-family or self-storage via syndications for more passive income. https://www.facebook.com/cale.delaney/ (https://www.facebook.com/cale.delaney/) https://www.linkedin.com/in/cale-delaney-13a64862/ (https://www.linkedin.com/in/cale-delaney-13a64862/)

Parties are definitely a no-no, Airbnb even announced a global ban on all parties and events at Airbnb listings. Not only it can potentially destroy the property but also creates a nuisance that disturbs the surrounding neighborhood. It's rare that you will get guests partying on your property but when you do, here are the things that you need to do as a host on how to handle a party.

In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies. - What is a cost segregation study? - How cost segregation studies work with short term rentals and Airbnb properties. - Can short term rental owners use depreciation to offset their W2 income - Bonus recapture taxes and more GUEST'S BIO Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the top podcast Weiss Advice. CONNECT WITH THE GUEST Yonah Weiss: https://www.yonahweiss.com/ (Website) | https://www.instagram.com/yonahweiss/ (Instagram) | https://www.facebook.com/yonah.weiss.1 (Facebook) | https://www.linkedin.com/in/cost-segregation-yonah-weiss/ (Linkedin) CONNECT WITH THE HOSTS Michael Sjogren: https://www.facebook.com/groups/STRentalsecrets (Short Term Rental Secrets Facebook Group) | https://www.clubhouse.com/@michaelsjogren (Clubhouse) | https://www.instagram.com/the_airbnbguy/ (Instagram) | https://www.youtube.com/ShortTermRentalSecretsShow (Youtube) | https://www.facebook.com/theAirbnbGuy (Facebook Page) | https://www.linkedin.com/in/mikesjogren/ (Linkedin) https://linktr.ee/the_airbnbguy (https://linktr.ee/the_airbnbguy) Emanuele Pani: https://www.clubhouse.com/@epanirealestate (Clubhouse) | https://www.instagram.com/epani.realestate/ (Instagram) | https://www.facebook.com/emanuele.pani.9 (Facebook) | https://www.linkedin.com/in/emanuele-pani-0b2970105/ (Linkedin) FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass (https://www.strsecrets.com/masterclass)

Hosting comes with a commitment of responsibility to the neighbors and the community. You will encounter different kinds of neighbors even those who hate short term rentals and the last thing you want as a host is a nasty neighbor to be dreadful about! In this week's episode, we will talk about the things that you need to do to deal with a difficult neighbor.