Short Term Rental Secrets Podcast
Short Term Rental Secrets Podcast
MICHAEL SJOGREN
Ep 67 - Should You Get a Partner For Your STR Business?
37 minutes Posted Sep 13, 2021 at 3:00 pm.
Building partnership
Breaking down business partnerships
Mike talks about partnering with E for a business
E talks about his failed partnerships
Why the 50:50 partnership does not work
Having the uncomfortable conversation
Mike talks about his first partnership and his current partnership
Why some partnerships fail
How to avoid unpleasant situations
Personality assessment
What is an effective partnership
Understanding the "why"' and the vision
E shares the effect of bringing his wife to his business
Mike shares his experience about partnering up with his wife
Correcting the process, not the person
Having accountability
Letting it go and trusting your partner
Questions to ask yourself before jumping into a business partnership
What makes a good partnership
Hiring an attorney for your operating agreement
Being honest with yourself about having a business partner
Moral of the story
partnership is a 0:0 partnership because there is no leader." Emanuele Pani
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37:03
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Show notes
HOST'S BIO
Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele.
HIGHLIGHTS OF THE EPISODE
NOTABLE QUOTES
"A
"Get the right butts in the right seats on the bus." - Mike Sjogren
"If you love what you do, you are never working." - Emanuele Pani
"Correct the process, not the person." - Mike Sjogren
"Don't act out of fear." - Emanuele Pani
"A partnership is not the answer to get you started." - Emanuele Pani
CONNECT WITH THE HOSTS
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
https://linktr.ee/the_airbnbguy
Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin
FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass
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