Life and Money Show

How To Pumped-up Your Cash Flow With Short-Term Rentals With J. Massey

Episode Summary

In real estate, the ability to get creative is endless. It is useful to always remind yourself of your business goals and make sure you are going in the right direction.The short-term rentals industry is continually evolving and with a complete defined business strategy and marketing plan, you can expect a 100% return of your investment in 10-18 months! Listen in as J. Massey discusses how to master your skills for your short-term rental business and how to strategize business survival during this Covid19 pandemic.

Episode Notes

• What is Short-Term Rental?
• “It is the cashflow that creates the capacity for significance”
• The story behind Cashflow 101 board game
• How J started in real estate with ZERO investment
• What lead J to start in real estate
• "It is not about you, it's about what value can you deliver to the marketplace"
• "Entrepreneurs organized other people's resources and put them into productive use"
• What is a short-term rental? How does it work?
• Different ways to get into short-term rental
• How do you make money in short-term rental?
• What is the 3 Phase System?
• What is an Asset Light Model
• How did they survive Covid19

RESOURCES FROM THIS EPISODE

• Website: Cash Flow Diary
• Podcast: Cashflow Diary Podcast
• cashflowdiary.com/howmanyunits

GUEST BIO

J. Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units. When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much.

Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)-- -and-counting short-term rental business from scratch — which he still owns, grows, and operates — and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. Now he’s built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events.

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Thanks for listening, and until next time, keep investing for good!