Show notes
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 EPISODE01:13 Background of the guest - Michael Sjogren04:13 How he started his Short Term Rental Business10:08 Having an Eyes and Ears of the property 24/717:53 Knowing what type of property22:24 Average booking duration24:54 Managing the whole business - creating the right systems30:50 Guest communication software31:36 3 ways to make money with STRKEEPING IT REAL34:13 Basic Money Management37:18 Types of property owners to work with41:10 Flipping boutique hotels - scaling up business44:08 Favorite Mentor - Rock ThomasANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:50:29 Favorite Book - Think and Grow Rich by Napoleon Hill | Psycho-Cyberneticsby Maxwell Maltz | Becoming Supernatural by Joe Dispenza51:08 Best Habit - Choosing how I’m going to feel in the morning52:12 Best Tool - Reviewing goals every Sunday and scheduling it to Calendar53:00 One 24 unit apartment vs 24 short term rentals - one 24 unit apartment53:28 Self manage or Outsource - self manage54:14 One super power - Positivity and Certainty56:02 Software tool - Monday.comCONNECTING WITH THE GUESTFacebook | Instagram | Podcast | LinkedInWebsiteThis 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
