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

The Active Duty Passive Income Podcast

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

• PriceLabs

Connect with Joe:

• Website
• Email

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