The Active Duty Passive Income Podcast

ADPI_206: 3 Ways To Win In The STR Game With Joe Riley

August 09, 2021 Kevin Brenner & Chris Lockwood Episode 206
The Active Duty Passive Income Podcast
ADPI_206: 3 Ways To Win In The STR Game With Joe Riley
Show Notes

In this episode, Joe Riley of Patriot Family Homes joins Kevin and special guest Co-Host Chris Lockwood to break down how he turned a simple house hack into a MASSIVE nationwide short-term rental business. We talk pros, cons, and everything in between in this one. If you're thinking about getting into the short-term rental game or already have a few STRs working for you, you definitely won't want to miss this one. 

"Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."

Here are 5 Key Takeaways from this episode:

  • Figure out how to turn everyday things into cash-flowing assets
  • If you have an STR, don't sell yourself short to achieve 100% occupancy
  • Use software like PriceLabs to help adjust and track your pricing models
  • Buy, Manage, and Arbitrage - the 3 ways to get started in STRs 
  • STRs offer much more flexibility than traditional rental units (and cash flow more too)!

Honorable Mentions & Useful Links

Connect with Joe:

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Helpful Resources

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