Round Table | How to Start an Airbnb Business in 2024

02/06/24 • 44 min

3 Listeners

Are short-term rental properties a good investment? There are many factors to consider, but the short answer is YES, assuming you do it the right way. If you've never done it before but you're interested in jumping into the profitable world of short-term rentals (STR), this conversation is exactly what you need.

Today's round table features STR Operator and STR Course facilitator Clint Lovette, who is also a professional remodeling contractor. He previously shared his expertise in managing short-term rentals in the podcast, and now he's back with more information to help you start an Airbnb business in 2024.

In today's conversation, Russ and Joey go through the following items with Clint:

Is it a good idea to invest in STR in 2024?
Pros and cons of investing in the STR space
How to talk to property owners about renting their place

Join the Next Inner Circle Virtual Event April 4-6, 2024:

https://go.wealthwithoutwallstreet.com/inner-circle-live

Promo Code: PODCAST

Take advantage of a Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

https://go.wealthwithoutwallstreet.com/pios

Find Out How Close You Are to Financial Freedom:

https://go.wealthwithoutwallstreet.com/quiz

Join the Wealth Without Wall Street Community:

https://www.wealthwithoutwallstreet.com/community

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/path

Join the Passive Income MasterMind:

https://www.wealthwithoutwallstreet.com/club200

The Land Geek:

https://www.thelandgeek.com/

Invest With Your Friends and Family:

https://www.tribevest.com/

Know Your Investor DNA:

https://go.wealthwithoutwallstreet.com/investordna

Things I Wish I Knew About The Short Term Rental Business with Clint Lovette:

https://www.wealthwithoutwallstreet.com/podcast/things-i-wish-i-knew-about-the-short-term-rental-business-with-clint-lovette

Join Our Short-Term Rental (STR) Course:

https://go.wealthwithoutwallstreet.com/strcourse

---

Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.

Join here: https://go.wealthwithoutwallstreet.com/inner-circle

—

In today's conversation, Russ and Joey go through the following items with Clint:

Is it a good idea to invest in STR in 2024?
Pros and cons of investing in the STR space
How to talk to property owners about renting their place

Join the Next Inner Circle Virtual Event April 4-6, 2024:

https://go.wealthwithoutwallstreet.com/inner-circle-live

Promo Code: PODCAST

Take advantage of a Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Turn Active Income Into Passive Income:

https://go.wealthwithoutwallstreet.com/pios

Find Out How Close You Are to Financial Freedom:

https://go.wealthwithoutwallstreet.com/quiz

Join the Wealth Without Wall Street Community:

https://www.wealthwithoutwallstreet.com/community

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/path

Join the Passive Income MasterMind:

https://www.wealthwithoutwallstreet.com/club200

The Land Geek:

https://www.thelandgeek.com/

Invest With Your Friends and Family:

https://www.tribevest.com/

Know Your Investor DNA:

https://go.wealthwithoutwallstreet.com/investordna

Things I Wish I Knew About The Short Term Rental Business with Clint Lovette:

https://www.wealthwithoutwallstreet.com/podcast/things-i-wish-i-knew-about-the-short-term-rental-business-with-clint-lovette

Join Our Short-Term Rental (STR) Course:

https://go.wealthwithoutwallstreet.com/strcourse

---

Join here: https://go.wealthwithoutwallstreet.com/inner-circle

—

Previous Episode

Are You Layoff Proof? with Emma Powell

If there's one thing that employees fear, it's getting terminated or laid off, especially when they have a family to support, and their job is their primary source of income.

If you are in the same position, how do you overcome the constant fear of avoiding the next round of job cuts?

Living in fear of losing your job can be crippling, but preparation is the best way to beat the panic.

Today's guest, Emma Powell, has an inspiring story that will nudge you to take action and make yourself layoff-proof.

Whether you follow her path or find your own path, you will soon have the freedom to choose to work on the things you are passionate about and live a more fulfilling life.

Top three things you will learn:

Steps to becoming layoff-proof
How to get the education you need to pursue your path to financial freedom
Choosing the right team members to become successful

About Our Guest:

Emma Powell is a seasoned commercial real estate investor specializing in multifamily properties. With a strong belief in the importance of knowledge and risk mitigation in investments, Emma has dedicated her time to mastering the art of passive real estate investing. Leveraging various financial tools, such as self-directed IRAs, 401(k)s, 1031 exchanges, dividend-paying whole life insurance, HELOCs, and discretionary income, Emma has successfully built a diverse portfolio while enjoying passive cash flow, tax advantages, and substantial returns.

Connect with Emma Powell:

Website - https://risecapitalinvestments.co/ and https://riseclubcapital.com/

Join the Next Inner Circle Virtual Event April 4-6, 2024

https://go.wealthwithoutwallstreet.com/inner-circle-live

Promo Code: PODCAST

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Apply to Join the Passive Income Mastermind:

https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

Join the Community:

https://www.wealthwithoutwallstreet.com/community

Turn Active Income Into Passive Income:

https://go.wealthwithoutwallstreet.com/pios

Take the Financial Freedom Analyzer:

https://wealthwithoutwallstreet.com/quiz

Discover Your Path to Financial Freedom:

https://www.wealthwithoutwallstreet.com/passport

Know Your Investor DNA:

https://go.wealthwithoutwallstreet.com/investordna

Invest with The Land Geek:

https://www.thelandgeek.com/

Invest with Your Friends and Family:

https://www.tribevest.com/wwws

—

Next Episode

Teaching Kids About Money With Scott Donnell

As a parent, you naturally want your kids to become ready to face the world. You strive to raise responsible and successful individuals. One of the skills they have to learn is financial responsibility. However, schools do not have it in their curriculum. So it is your responsibility to start teaching your children about money at home. The earlier they learn financial literacy, the greater the long-term impact.

Parents have their way of enforcing financial responsibility on their children, like assigning homework or chores in exchange for money. However, there is a more effective way to teach kids about money, and that's what Scott Donnell will teach you in today's episode.

Top three things you will learn:

The 3 E’s in the Home Economy (Expectations, Expenses, Extra Pay Opportunities)
The difference between being an entrepreneur and being entrepreneurial
How to teach your kids about value creation

About Our Guest:

Scott Donnell is the co-author of Value Creation Kid: The Healthy Struggles Your Children Need to Succeed. He established Apex Leadership Co, Hapbee Technologies, and the GravyStackTM banking app for kids and families. Since 2011, his companies have taught leadership, fitness, and financial competency to over 6 million kids nationwide. Scott lives in Phoenix with his wife, Amy, and their four kids.

Connect with Scott Donnell: