Short-Term Rental Secrets : From CPA to Airbnb Investor - Michael Sjogren Episode #91

Michael is a husband, father, investor, entrepreneur, CPA, author, speaker, instructor, and short term rental expert. As the founder of Short Term Rental Secrets — he leads a well oiled machine & system of running a lucrative short term rental operation which is essentially a sophisticated property management company. Michael’s advanced training & mentorship programs help new and seasoned real estate investors launch, automate & scale their very own short term rental portfolio to fast track their journey to financial freedom — all from his very own proof of concept as a true practitioner. Based outside of Boston, MA they have a portfolio of 24 short-term rental properties across several states, and most recently have purchased their 1st boutique hotel on Boston’s north shore. Come into the lab to learn more about the short term rental secrets from Mike a.k.a the AIRBNB-guy himself. HIGHLIGHTS OF THE EPISODE 01:13  Background of the guest - Michael Sjogren 04:13  How he started his Short Term Rental Business 10:08  Having an Eyes and Ears of the property 24/7 17:53  Knowing what type of property 22:24  Average booking duration 24:54  Managing the whole business - creating the right systems 30:50  Guest communication software 31:36  3 ways to make money with STR KEEPING IT REAL 34:13  Basic Money Management 37:18  Types of property owners to work with 41:10  Flipping boutique hotels - scaling up business 44:08  Favorite Mentor - Rock Thomas ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW: 50:29  Favorite Book - Think and Grow Rich by Napoleon Hill | Psycho-Cybernetics by Maxwell Maltz | Becoming Supernatural by Joe Dispenza 51:08  Best Habit - Choosing how I’m going to feel in the morning 52:12  Best Tool - Reviewing goals every Sunday and scheduling it to Calendar 53:00  One 24 unit apartment vs 24 short term rentals - one 24 unit apartment 53:28  Self manage or Outsource - self manage 54:14  One super power - Positivity and Certainty 56:02  Software tool - Monday.com CONNECTING WITH THE GUEST Facebook | Instagram | Podcast | LinkedIn Website This episode is brought to you by our sponsor Guesty.com which is a property management software that Ruben and his team use as short term rental Superhosts to manage and streamline all communication with their guests and team to make it a memorable stay for each guest that books their property. Use our private unique link here https://hosts.guesty.com/?r=therealestateexperiment  to let Guesty know we sent you! #ExperimentAirBnb