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:
Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
132. Take Your Property from Overlooked to Overbooked with Brian and Kati Green
131. What to Do When a Potential Guest is Sending Warning Flags
130. Elevating Your STR with High-Vibe Design with Moira Sedgwick
129. Give & Grow: How Philanthropic Hosting Helps Communities & Businesses Alike with Chelsea Dunckley
128. A Wild Story: An Unorthodox Short-Term Rental Journey in Puerto Vallarta, Mexico
127. How to End a Property/Manager Relationship That’s Out of Alignment
126. 11 Things to Look for When Hiring a Co-Host
125. 3 Things a Property Manager Can Focus on Now to Help Them Achieve the Best Exit with Jacobie Olin
124. Buying Land & Property Using Creative Financing Options with Mike Hicks
123. Our Mistakes Making Property Offers & How to Avoid Them
122. Going All In on Short-Term Rentals with A-Frame Ranch Owner Callie Witcher
121. Hiring a Team That Works with You with Taylor Arbaugh
120. Make Deck Safety a Priority with Justin Ford
119. Five Commonly Overlooked Cleaning Opportunities
118. The Hidden Expense of Your Airbnb
117. Start Boosting Your Direct Bookings Today with Mark Simpson
116. Cash Pad, TV Show Renovation & the Austin STR Market with Lauren Noble
115. Outdoorsy Takes Short-Term Rentals on the Road with Matt Mitchell
114. Marketing Your Brand Through WiFi Portals with Arthur Colker
113. Start Your STR Business with an Investment Tribe with Travis Smith, Founder & CEO of Tribevest
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast