1. You become like those with whom you frequently associate.

Look at the people with whom you most frequently interact.
Are they going where you're going?
Are they further ahead or are they holding you back?

To answer those questions, you must be clear in your own mind (and hopefully, you've put it in writing) as to where you are going.

What are your goals?
What principles are shaping your career and business endeavors?

If you aren't clear on the answers to these questions, this is where you need to begin. This is where you escape the shiny-object phenomenon for clear, identifiable goals regarding what you want to do. Instead of saying, "I want to be a Real Estate Investor," be specific and say, "I want to be a Real Estate Investor who uses the BRRR method with a reasonable LTV", or "I want to be a Buy-and-Hold Investor." or "I want to be a Fix-and-Flip Investor taking ugly houses and making them assets in my community" to these questions, look at the people with whom you most closely associate in non-family en
Read More...

Here's how you begin.

 Important kitchen update

 Down to the wood

Here are several important images:

I don’t want to be a buzz kill…

…but there’s too much mushy thinking in the short-stay space. 

So much so that I see short-stay landlords acting like home-sharers — and having a lot of fun doing so.

However, if you check their bottom lines, you’ll see they aren’t doing much better than passive landlords. And doing extra work without capturing extra income is not the way to run a for-profit business.

As a foaming-at-the-mouth Airbnb-er since 2011, one who is both a provider and user with stays all over the United States, let me offer a bit of structure.

Three Short-stay Business Models 

You need to be crystal clear about which type of short-stay business you’re operating.

The table below summarizes the financial goals of the three models
Read More...