Today’s expert guest is Jessie Lang, a buy-and-hold investor with over 70 (!) rentals in Columbus Ohio – most of which she’s acquired since 2021. She has used the BRRRR method to acquire her portfolio with little to none of her own money left in the deals. Now, she’s committed to teaching others how to do the same – and we get a great outline of it today.
Jessie walks us through the BRRRR Method, sharing the real-life math on an active project she’s working on right now to illustrate exactly how it works and why it’s been so successful for her. Of course, we also compare and contrast how this method applies to STRs, where it works and where you might need to tweak your approach.
We also go over her process for qualifying residents, because if you are even considering mid-term rentals (let alone long-term), you need to understand that you are no longer hosting guests. You are hosting residents, and specific laws kick into place that you might not be used to.
(00:01:44) #STRShareSunday: @lakearrowheadmanor
(00:05:37) Jessie Lang’s Path to 70 Rentals
(00:10:42) BRRRR Method 101
(00:16:34) Success Tips & Common Beginner Mistakes
(00:27:18) BRRRR-bnb: Does it Work for STRs?
(00:29:34) Effective Resident Communication Practices
(00:35:34) How to Qualify Potential Renters
(00:48:27) Jessie’s Long Term Plan for the Future
Resources:
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
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167. 3 Ways You’re Leaving Money on the Table in Your STR
166. Tips for Managing Expected (and Unexpected) Maintenance
165. Double Your Bookings with This STR Listing Strategy
164. Getting Scrappy to Start Investing in Real Estate with Dr. Erin Hudson
163. Travel Hacking & Conscious Credit Card Use with Kara Greene
162. Less is More in Luxury Real Estate with Rachel Gainsbrugh
161. Simplify Ordering & Save on Furnishing Your STR with Minoan
160. Making the Short-Term Rental World More Accessible with Lorraine Woodward
159. Back to Basics: Fire Alarm 101 with Justin Ford
158. Building Successful Digital Marketing Campaigns with Emily Miethner
157. Learn How Your STR Can Make Dreams Come True with Kisa Heyer
156. Scaling Your Business with Investor Capital with Jeff Brown
155. Taking Your Short-Term Rental from Job to Business with Kylan Pimley
154. Keeping Your STR Business Legally Protected with Scott Brown
153. Creating a Time-Traveling Summer Camp Destination with Tereasa Surratt
152. Pets & Your Rental Property: What You Need to Know with Heather Kazmark
151. How to Build a Foolproof Inspection Checklist
150. Breaking Down Our Sales Blitz Strategy
149. Working With Influencers To Showcase Your STR Listing with Elise Armitage
148. Behind the Scenes on Our First Real Estate Deal
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