Keys to Scaling a Short Term Rental Portfolio with Kyle Stanley

Published: Oct. 25, 2022, 7 a.m.

b"In this episode, Kyle Stanley discusses his path building his short term rental business to an outstanding portfolio, how he converted from performing flips to short term rentals, and how we can learn from his success.\\n\\xa0\\nKyle Stanley is a positive, helpful partner for buying or selling a home: - Trusted resource for answers about the process - Innovative marketing strategies - Expertise about neighborhood features - Ability to target home searches - Strong negotiation skills - Support through the closing and beyond/\\n\\n[00:01 - 08:32] Opening Segment\\nKyle shares about his background and how started in short-term rentals\\nWorking as a sports anchor\\nStarting a business to help athletes get recruited for college teams\\nHoping from various jobs and businesses and settling in doing house flips\\n\\xa0\\n[08:33 -18:09] Buying the First Short Term Rental\\nBought a house with the idea of flipping it\\xa0\\nFinding success on the first deal\\nScaling up the portfolio\\nLearn to do it yourself and find a team to help you\\n\\xa0\\n[08:10- 30:43] Overcoming the Learning Curve\\nReading to help build leadership skills\\nUsing the arbitrage model\\xa0\\nThe rental space is a competitive market\\n\\xa0\\n[30:44 - 35:56] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?Moving into a house bought with someone else\\u2019s money right before Covid\\n\\nKyle Stanley\\u2019s worst investments\\xa0Creating an app without doing market research\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?Learn to make a lot of mistakes\\xa0\\nHire some to do something you don\\u2019t know how to do or ask someone to teach you\\n\\n\\nConnect with Kyle Stanley:\\nWebsite: https://www.fearlesskyle.com/\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cThe quickest way to success is just to find someone who's already done it.\\u201d - Kyle Stanley"