Living Off Rentals

Kirby Atwell
Living Off Rentals

We believe that a high quality rental property is the best investment a person can make. This podcast equips listeners to build a rental portfolio of their own. Each week host, Kirby Atwell, interviews someone who is living off rentals and identifies best practices, advice, and potential investing pitfalls to avoid!

  1. 2 GIỜ TRƯỚC

    #268 - Figuring out your true net worth and gaps in your wealth - Donald Pearson

    Joining us in this episode of Living Off Rentals is Donald Pearson, a Wealth Management Advisor at Westpac Wealth Partners who holds an impressive list of certifications. Donald is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and a Retirement Income Certified Professional® (RICP®), and he helps individuals and business owners reach their financial goals as efficiently as possible. A graduate of the United States Naval Academy, Donald was commissioned as a Marine Corps officer and later served as a Financial Manager in the Marine Corps. Listen as he shares his full financial journey, the key areas you need to focus on to achieve financial freedom, and why good financial planning is an ongoing process. He also breaks down the four domains of financial planning and walks us through the “mathematical equation” of financial freedom. Enjoy the show! Key Takeaways: [00:00] Introducing Donald Pearson and his background [08:02] Helping clients become more diversified and well-rounded [12:59] The four domains of financial planning  [17:56] Living into someone's living balance sheet [24:17] Good financial planning and decision-making is an ongoing process [31:09] Where do successful people put their money? [44:54] Connect with Donald Pearson Guest Links: Email: donald.pearson@westpacwealth.com Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    47 phút
  2. 26 THG 3

    #267 - Short-Term Rental Design for SUPER High Revenue - Mark Lumpkin

    In this episode of Living Off Rentals, we are joined by Mark Lumpkin, a real estate investor who fell in love with short-term rentals 10 years ago. Mark has helped over 500 short-term rental investors optimize their properties—handling everything from renovations to design—and has guided many others in establishing their own successful rentals. Listen as Mark shares his journey with short-term rentals and how this investment strategy has provided him the flexibility to pursue his passions. We also dive into his work with STR Cribs, exploring how thoughtful design choices can make rentals stand out.  Plus, we discuss why furniture, décor, and strategic renovations are essential for maximizing cash flow in the short-term rental market. Enjoy the show! Key Takeaways: [00:00] Introducing Mark Lumpkin and his background [04:19] How he got into the real estate industry [07:21] Choose a property for short-term rentals with your guest avatar [11:37] Recommended budget for furnishings and design for your property [14:41] What is data-driven design? [18:16] The importance of leaning on expert experience from professional designers [27:57] Doing quick preventive maintenance regularly [31:14] The shift in trends for short-term rentals [36:22] Connect with Mark Lumpkin Guest Links Website: https://strcribs.com/  Email: mlumpkin@strcribs.com   Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    42 phút
  3. 19 THG 3

    #266 - How to turn 1 rental into 8 rentals (and massively increase cash flow) - Atticus LeBlanc

    Joining us in this episode is someone who has been making waves in the affordable housing space. He is a returning guest, previously appearing on Episode 92 of Living Off Rentals in 2021. Atticus LeBlanc is the founder of PadSplit, the country’s largest co-living marketplace, which helps property owners increase cash flow while providing affordable housing for thousands of residents. Since launching in 2017, PadSplit has housed more than 42,000 people and has grown to over 17,000 shared housing units across multiple U.S. markets.  An entrepreneur since 2005, Atticus was an affordable housing developer and contractor before founding PadSplit. Listen as he shares more about how PadSplit works and discusses how he converts living spaces into bedrooms to create massive cash flow. Enjoy the show! Key Takeaways: [00:00] Introducing Atticus LeBlanc and his background [03:47] How PadSplit works? [11:22] Type of property that best works for PadSplit members [17:10] The fractionalization of real estate by time versus the fractionalization of real estate by space [26:25] Managing the challenges of bureaucracy and zoning issues [33:53] How to manage different personalities under one roof? [49:05] Connect with Atticus LeBlanc Guest Links: Website: https://www.padsplit.com/hosts  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    53 phút
  4. 12 THG 3

    #265 - Is Real Estate Investing a Better Option Than College? - Steven Rich

    Is college the best path to financial success, or is there another way?  In this episode, Steven Rich shares his bold decision to drop out of his mechanical engineering program and dive headfirst into real estate investing. Now, he is the owner of 50 service accommodation rooms with bookings across several online travel agency (OTA) platforms like Airbnb and Booking.com. Steven reveals the experiences, lessons, risks, and rewards of building a real estate business instead of following the traditional college route.  Tune in to hear his story, and enjoy the show! Key Takeaways: [00:00] Introducing Steven Rich and his background [02:57] His decision to leave college [07:28] The worst-case scenario of leaving your full-time job or college degree [11:14] Risky move to own a 22-room hotel [23:05] Time frame between purchasing the property and start taking bookings [31:38] Optimizing on- and off-seasons in property bookings [41:54] FAIL: First Attempt In Learning [49:20] Outro Guest Links: Follow Steven on Instagram: https://www.instagram.com/steven_rich_property/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    51 phút
  5. 5 THG 3

    #264 - From Wealth Manager to Building Personal Real Estate Wealth - Austin Palacios

    For today's episode of Living Off Rentals, we are joined by Austin Palacios, a short-term rental investor based in Miami. He is also the bestselling author of “Airbnb Co-hosting Secrets: How to Start and Scale a Co-Hosting Business in 30 Days,” and has been featured on MSN, Mogul's of Business, and US Times. Austin started his career in wealth management and transitioned into investing in real estate at the age of 23. Now, he holds a portfolio of properties across Florida and Chicago. Listen as he shares his journey since leaving his day job in 2021 to focus on investing in real estate full-time. He also reveals a clever strategy for generating rental income without actually owning the property.  Sounds interesting, right? Enjoy the show!   Key Takeaways: [00:00] Introducing Austin Palacios and his background [02:48] Going full-time in real estate investing [06:56] Getting into short-term rentals [13:33] Risks of Airbnb or short-term rentals [18:03] The downside and upside of co-hosting [24:59] Mistakes people make as they're getting into co-hosting [27:36] Type of team members Austin have [36:00] Finding the right market in real estate [43:03] Connect with Austin Palacios   Guest Links: Website: https://www.instagram.com/austin__palacios/     Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    44 phút
  6. 26 THG 2

    #263 - How to pick winning investments based on school districts - Sean O'Dowd

    Joining us in this episode of Living Off Rentals is someone who has built a portfolio around one of the most sought-after factors in housing—access to top-tier schools. Sean O'Dowd is the Managing Director of Scholastic Capital, a real estate fund that acquires and rents out single-family homes in elite school districts.  He began his career at Boston Consulting Group (BCG) and graduated with honors from The Wharton School of Business. Listen as he shares how he carved out this niche in real estate, what it was like growing up with parents who were against real estate investing, and why his investing strategy is so profitable. Enjoy the show! Key Takeaways [00:00] Introducing Sean O'Down and his background [03:38] His parents are anti-real estate investing [07:15] Ideal type of property to own in school districts [08:20] Unlevered yield on cost [22:43] Open-ended fund model vs closed-end fund [23:57] Two kinds of ways fund managers get paid [33:01] Three different elements on total returns [37:08] Fixable and not-fixable decisions [40:39] Connect with Sean O'Dowd Guest Links: Website: https://scholasticcapital.com/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    42 phút
  7. 19 THG 2

    #262 - How to identify a high cash-flowing short-term rental - Julie Gates

    Joining us in this episode of Living Off Rentals is someone who has been a real estate investor since 2004 and has a diverse portfolio of residential, commercial, and self-storage properties. Julie Gates started SID WAS HERE in 2017, which specializes in short-term and long-term rentals. She also produces a local podcast about investing in Savannah, Georgia, called Cashflow Savannah, and hosts a monthly meetup in the area called Cashflow Savannah Meetup.  Listen as she shares how she started her journey as a real estate investor, her focus on short-term rentals, medium-term rentals, self-storage, and commercial properties, and the keys to identifying a high-cash-flowing short-term rental. Let's dive in! Key Takeaways: [00:00] Introducing Julie Gates and her background [02:25] Julie's first property [09:42] Getting a real estate license [18:55] Doing medium-term rentals while doing short-term rentals [33:22] Legitimacy over followers [36:46] How do you identify a high cash-flowing short-term rental? [41:12] Real estate is about the numbers [45:12] The biggest lesson Julie learned in her real estate journey [50:11] Connect with Julie Gates Guest Links: Website: https://sidwashere.com/  Instagram: https://www.instagram.com/sidwashere912/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    54 phút
  8. 12 THG 2

    #261 - Sportscaster to failing entrepreneur to successful short-term rental investor - Kyle Stanley

    In this episode of Living Off Rentals, we’re joined by someone who went from sportscaster to struggling entrepreneur, before finally finding the success and fulfillment he was looking for through short term rental investing. Kyle Stanley spent a decade as a serial entrepreneur before discovering real estate. At 31, he took a chance on investing and quickly realized the power of short-term rentals to generate significant cash flow and transform his financial future. What started as listing a spare room on Airbnb turned into a thriving short-term rental business. Kyle scaled his portfolio, built a management company that grew to 70+ units, sold that company, and now lives off his own rentals while teaching others how to make money through real estate investing via his podcast and platform, The Fearless Investors. This episode is full of valuable insights on scaling with intention, deciding on a real estate exit strategy, creative financing, and more. Enjoy the show! Key Takeaways: [00:00] Introducing Kyle Stanley and his background [03:48] His decision to get started investing in short-term rentals [06:59] Skills + Best Exit Strategy  [17:09] Kyle on building true financial freedom [20:50] What is Creative Financing? [27:26] Identifying properties to invest [33:08] Difference between people who struggle and people who are successful in short-term rental investments [37:31] Quantity versus Quality in short-term rentals [46:21] Connect with Kyle Stanley Guest Links: Website: Visit https://thefearlessinvestors.co/ for a free 15-minute training Email: info@fearlesskyle.com  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals

    49 phút
    4,9
    /5
    77 Xếp hạng

    Giới Thiệu

    We believe that a high quality rental property is the best investment a person can make. This podcast equips listeners to build a rental portfolio of their own. Each week host, Kirby Atwell, interviews someone who is living off rentals and identifies best practices, advice, and potential investing pitfalls to avoid!

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