The Active Duty Passive Income Podcast Greatest Hits | 3 Ways To Win In The STR Game With Joe Riley | Ep 359
In this can’t-miss throwback episode, Kevin and special guest co-host Chris Lockwood sit down with Joe Riley of Patriot Family Homes, who reveals how he transformed a simple house hack into a booming nationwide short-term rental empire! From the pros and cons to the nitty-gritty details, we cover it all. Whether you’re just dipping your toes into the short-term rental game or already have a few properties in your portfolio, this episode is packed with insights that will take your STR business to the next level! Don’t miss out—tune in now!
"Don't undervalue your asset...that's the biggest mistake I see over and over again. If you consistently chase 100% occupancy, you're going to end up selling yourself short."
Here are 5 Key Takeaways from this episode:
- Figure out how to turn everyday things into cash-flowing assets
- If you have an STR, don't sell yourself short to achieve 100% occupancy
- Use software like PriceLabs to help adjust and track your pricing models
- Buy, Manage, and Arbitrage - the 3 ways to get started in STRs
- STRs offer much more flexibility than traditional rental units (and cash flow more too)!
Honorable Mentions & Useful Links
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