222. Airbnb Investing: A Path to Financial Freedom?

Turmeric & Tequila™

“Let's give it a shot. Like, let's try.'"

— Stacy Claycomb Stiell

Welcome back to the Turmeric & Tequila Podcast! In today's episode, we sit down with Stacy Claycomb Stiell, a pediatric audiologist and real estate investor with a passion for creating unique Airbnb experiences. Stacy shares her and her husband, DJ, journey into property management, discussing the challenges and rewards of running distinctive rental properties. We explore the importance of fostering human connections through personal touches and creating a welcoming environment for guests. Stacy also provides valuable insights on alternative financing strategies, emphasizing the power of building relationships and thinking creatively when acquiring properties. She opens up about her experiences managing properties and dealing with unexpected situations. Beyond real estate, Stacy discusses her role as a pediatric audiologist, where she advocates for families and children with hearing differences. We touch on the significance of generational wealth and the potential for real estate as a long-term investment. Throughout the episode, Stacy's wisdom and life advice are sure to inspire listeners. From following your intuition in business to the revitalizing effects of nature, this engaging discussion covers a wide range of topics. Join us for this illuminating conversation with Stacy Claycomb Stiell on the Turmeric & Tequila Podcast!

Time Stamps:

00:00 Simple house for potential future rentals.

03:59 Bought property, turned it into rental.

08:51 Value team, long term financial mindset important.

12:20 Unique people enrich the Airbnb experience.

13:35 Dedicated worker takes care of us.

19:39 Expanded Indigo Lodge property with adjacent land.

23:11 Husband manages logistics, I handle guest interactions.

24:22 Learning from first Airbnb, adapting to challenges.

29:05 Airbnb's cancellation policy can be challenging to enforce.

33:31 Nature, mental health, societal shift conversation.

35:47 Discussing yurt repair and new tent options.

40:45 Husband takes financial risks with property investments.

43:06 Trust your intuition in making decisions.

47:37 Pediatric audiologist works with children with hearing differences.

49:42 Empower families' decisions and advocate for children.

53:25 Top amenities for animals in a beautiful location.

Stacy Claycomb Stiell is a Colorado native who loves spending time outdoors. She works as a pediatric audiologist in a major medical center. Stacy purchased her first home in grad school and rented it to classmates as a way to save the cost of rent and start building equity. She shares an interest in property ownership and management with her husband, DJ. Together they own and manage a handful of properties including long-term and short-term rentals as well as a new mountain property planned for glamping.

Indigo Lodge: @TheIndigioLodge

Listed on AirBnB Here

Seclusion and views: The cabin is on 15 acres with outrageous views but we're just 10 minutes from downtown Cripple Creek. We definitely require/recommend 4-wheel drive depending on the time of year. The Sangre De Cristos are the mountains you see in the distance as you look off the deck. People are welcome to walk/hike the property--we give wildflower seeds as a take home or for people to spread when they walk the property. The meadow to the west has tons of wildflowers already and it's gorgeous in the summer. There's a small aspen grove on the property just out the kitchen window that's perfect for leaf peeping in fall. Wildlife may be present: there are often herds of deer, we've also spotted a bobcat, and a local bear left a big paw print on our garbage can. Cows are free-range, so once our ring cam captured three cows grazing in the front yard. The altitude of Cripple Creek is 9,494' and the cabin is above that at 9,560'--definitely high altitude so we recommend drinking lots of water, sunscreen, etc.

Hot tub: I think it's especially great on a clear night for stargazing. It's a dark sky there that you just don't get any more in the city.

Amenities: We allow up to 2 dogs. The games downstairs can be a hit when people are snowed in or just a day of family time.

We seem to be pretty even with the groups who come in: Couple groups. Family trips/meet-ups with family groups--we don't list as kid friendly since nothing is kid proof, but many come. Girls or guys trips

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Host: Kristen Olson

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