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HOSTS BIO\n\nMike Sjogren - Michael is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Michael brings a wealth of finance, business and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.\n\nEmanuele Pani - Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele Pani.\n\nHIGHLIGHTS OF THE EPISODE\n\n04:32 \xa0The misconception that you get rich by buying Real Estate.\n\n08:24 \xa0Ways that short term rental operators maximize their income from their business.\n\n11:08 \xa0How to maximize your income and how do you decrease your expenses.\n\n15:40 \xa0Maximizing fees by doing extra services\n\n18:42 \xa0Expense side of the business.\n\n21:19 \xa0No more buying a few amounts of soap and laundry detergent from Costco.\n\n24:18 \xa0How commercial real estate is valued.\n\n26:31 \xa0You\u2019re gonna make more money on short term rentals than long term rentals.\n\n27:41 \xa0Vacation rentals as an ATM.\n\n29:58 \xa0There\u2019s so much push for people in the real estate space.\n\n31:26 \xa0The power of compounding and understanding.\n\n33:26 \xa0Build a business the right way.\n\n34:17 \xa0People are so trained to be worker bees.\n\n36:15 \xa0What kind of systems do you need for a short term rental business?\n\n37:50 \xa0How Mike changed E\u2019s life.\n\nNOTABLE QUOTES (KEY LESSONS):\n\n\u201cMaximizing fees: The more you see it, the more possibilities you have\u201d - Emanuele Pani\n\n"Learning a skill set on how to increase people's income, profit and returns.\n\nThat is one of the most valuable skill sets that you can learn in business, Period." - Michael Sjogren\n\n"You're gonna make so much more money on the short term rental side that would\n\nallow you to cash flow a lot more." - Emanuele Pani\n\n"Getting rich, you have to get creative and leverage other people's resources" - Michael Sjogren\n\nBOOKS MENTIONED IN THIS SHOW\n\nThe Millionaire Fastlane by MJ DeMarco\n\nCONNECTING WITH THE HOSTS\n\nMichael Sjogren: \xa0Facebook Group | \xa0Facebook | Instagram | LinkedIn | Youtube\n\nEmanuele Pani: Facebook | Instagram | LinkedIn | Youtube\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices