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 DAYS AGO

    #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 min
  2. FEB 12

    #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 min
  3. FEB 5

    #260 - Remote Real Estate Investing for Financial Independence - Michael Albaum

    Joining us in this episode of Living Off Rentals is someone who has spent the last decade mastering remote real estate investing across a range of property types. Michael Albaum is a seasoned real estate investor who began his journey in 2012 and has since built a portfolio spanning various asset classes. As the creator of MyFI (Financial Independence) Academy, he now helps others achieve financial independence through real estate investing. In this episode, Michael shares how his early mindset shifts led him to multifamily investing, why he decided to focus on just a few markets, and how he managed to invest remotely—even while traveling internationally and living on the road. He also dives into his definition of financial independence, the sacrifices he made along the way, and his advice for anyone looking to get started in real estate. Enjoy the show! Key Takeaways: [00:00] Introducing Michael Albaum and his background [06:02] Michael's mindset shifts in real estate [08:45] The hardships of real estate [17:34] His journey after that first deal! [22:06] You can diversify within a particular market [28:45] Being a professional remote real estate investor [30:54] Michael's definition of financial independence [38:20] His best deal! [42:09] Connect with Michael Albaum Guest Links: Website: https://www.myfiacademy.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

    44 min
  4. JAN 29

    #259 - How the right LLC structure can save you - Glenn H. Truitt Esq.

    Joining us on this special fifth-anniversary episode of Living Off Rentals is an attorney with over 15 years of experience helping high-net-worth individuals protect their assets and grow their wealth.  Glenn Truitt is the co-founder of Private Wealth Law, where he focuses on everything from Mergers and Acquisitions to Corporate Governance and Asset Protection.  Born in the suburbs of Chicago and growing up in Denver, Glenn is a proud graduate of the U.S. Naval Academy (graduating 8th in his class) and served as a Ballistic Missile Submarine Officer in the Navy before earning his law degree from Stanford Law School.  In this episode, Glenn breaks down the corporate governance strategies that real estate investors need to know. From choosing the right LLC structure to understanding Series LLCs and Family Limited Partnerships, Glenn shares tips to help you reduce your risk while saving time and money in the long run. If you’re serious about protecting your investments, this is an episode you don’t want to miss. Listen and enjoy the show! Key Takeaways: [03:10] Introducing Glenn Truitt and his background [08:40] Common Misconceptions for Business Law for Real Estate Investors [15:56] About piercing in real estate [25:11] Series LLC vs Individual [36:37] Glenn's recommendations on the best way to partner in business [42:00] Unsaid expectations, pre-planned problems [48:18] Family Limited Partnership (FLP) [54:33] Connect with Glenn Guest Links: Website: https://privatewealthlawinc.com/  Email: gtruitt@privatewealthlawinc.com The ABCs of LLCs: https://privatewealthlawinc.com/insights/#papers  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

    1h 1m
  5. JAN 22

    #258 - Leveraging your network to find deals - Buddy Rushing

    For the third time, we've got Buddy Rushing coming back for today's episode of Living Off Rentals.  He is the co-owner, president, and CEO of White Feather Investments, a company whose mission is to educate and empower military members to achieve financial freedom through real estate investing. Buddy is a Marine Corps veteran whose passion is to help fellow military personnel, and their families generate passive income and achieve financial freedom.  One year after his last appearance, we’ll hear more about Buddy's journey in the real estate investing space and how he continuously provides value to people through community building. He also talks about how it’s possible to make $600,000 on wholesale (whow!), the upcoming Financial Freedom Summit, and his outlook for 2025 in the real estate investing space.  Enjoy the show! Key Takeaways: [00:00] Introducing Buddy Rushing and his background [04:45] Spending time providing value to people [10:09] His evolution as an investor [20:35] It is possible to make $600,000 in wholesale [23:27] The pros and cons of syndication [32:26] What is the Financial Freedom Summit? [44:45] Buddy's outlook for 2025 in real estate investing [54:13] Connect with Buddy Guest Links: Website: https://financialfreedom.events/  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

    57 min
  6. JAN 15

    #257 - Creating Financial Freedom while serving in the Army - Beau Webb

    Joining us in today's episode of Living Off Rentals is someone who has served as a Black Hawk Helicopter Pilot in the US Army for seven years.  While flying in the Army Beau Webb discovered seller financing, and was able to utilize this strategy to build a portfolio of rental properties. Because of his real estate investments, he was able to leave the military just this past year and not have to worry about finding another W2 job. Beau currently owns a portfolio of over 40 doors of all different types of rental properties. Listen as he shares some of the moves that allowed him to get to financial freedom quickly, as well as the mistakes he made which is part of everyone's real estate investing journey. Enjoy the show! Key Takeaways: [00:00] Introducing Beau Webb and his background [02:15] His first deal [06:35] Seller financing in creating finance [15:31] Beau's unicorn deal [25:09] How does refinancing the seller finance deal work? [34:41] Skill acquired from the military in screening people [49:48] Advice for people who are starting their real estate journey Guest Links: Website: https://www.instagram.com/realestatewebb/ 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 min
  7. JAN 8

    #256 - From RN to using VAs to run a rental business - Stephanie Figueros

    In this episode of Living Off Rentals, we interviewed Stephanie Figueros. Before her real estate journey, she was once a registered nurse.  Now, she has a unique story and expertise owning short-term rentals, flipping properties, partnering with other investors, and utilizing virtual assistants to run her business.  In addition, she also has a platform to help other people hire VAs as well. Listen as they discuss the importance of hiring VAs for your rental business, what her first few deals look like, and the top lessons she learned along the way! Enjoy the show! Key Takeaways: [00:00] Introducing Stephanie Figueros and her background [01:43] From the healthcare industry to real estate [07:07] The pros and cons of arbitrage [14:50] The mental shift from W2 jobs to real estate investing [20:19] The issue of insurance and financing when leaving full-time work [24:20] What does Stephanie's business structure look like? [32:11] Screening for the right VAs [47:20] The ability to handle multiple personalities Guest Links: Website: https://www.youtube.com/@stephaniefigueros  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

    50 min
4.9
out of 5
77 Ratings

About

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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