Michelle Byers-Robson
๐ค PersonAppearances Over Time
Podcast Appearances
Absolutely. The first is do your homework. Read the small print. What I mean by that, Scott, is Check what the HOA rules are, what the city ordinance rules are, what the county rules are. There are a lot of these. If I were a small investor going in wanting to pick up one, two Airbnbs,
I would really, really want to make sure I understood the ins and the outs of what would be required for me from a permitting and a compliance point of view, what I would need to have to protect myself in terms of insurance requirements. and what I would need to be doing price-wise. And so I would really want to do my homework first, and I would want to go in and test the waters and do one,
I would really, really want to make sure I understood the ins and the outs of what would be required for me from a permitting and a compliance point of view, what I would need to have to protect myself in terms of insurance requirements. and what I would need to be doing price-wise. And so I would really want to do my homework first, and I would want to go in and test the waters and do one,
I would really, really want to make sure I understood the ins and the outs of what would be required for me from a permitting and a compliance point of view, what I would need to have to protect myself in terms of insurance requirements. and what I would need to be doing price-wise. And so I would really want to do my homework first, and I would want to go in and test the waters and do one,
before I did 10. So I really make sure that I'm going in. And then the last thing is surround yourself with smart people that will give you real feedback. And that means a really good attorney if you need some advice and some information on reading contracts and knowing what the ordinances are and making sure you're in compliance.
before I did 10. So I really make sure that I'm going in. And then the last thing is surround yourself with smart people that will give you real feedback. And that means a really good attorney if you need some advice and some information on reading contracts and knowing what the ordinances are and making sure you're in compliance.
before I did 10. So I really make sure that I'm going in. And then the last thing is surround yourself with smart people that will give you real feedback. And that means a really good attorney if you need some advice and some information on reading contracts and knowing what the ordinances are and making sure you're in compliance.
Hiring a really professional real estate agent that gets the market and is representing your interests. Making sure you have an insurance advisor who is making sure that you're insured. And then making sure you've got a really great investment advisor and CPA who's keeping you on that end safe and making sure that you're paying what you should be paying.
Hiring a really professional real estate agent that gets the market and is representing your interests. Making sure you have an insurance advisor who is making sure that you're insured. And then making sure you've got a really great investment advisor and CPA who's keeping you on that end safe and making sure that you're paying what you should be paying.
Hiring a really professional real estate agent that gets the market and is representing your interests. Making sure you have an insurance advisor who is making sure that you're insured. And then making sure you've got a really great investment advisor and CPA who's keeping you on that end safe and making sure that you're paying what you should be paying.
And that you're keeping your investment strong and safe. That's what I would recommend is surround yourself with smart people. Do it. Start slow. But then again, the most important thing is know you're out when you go in. Don't get greedy. Make sure you know you're out. You have your eyes on the ball of where you're going and work that plan. And, you know, I think then it gets to be really fun.
And that you're keeping your investment strong and safe. That's what I would recommend is surround yourself with smart people. Do it. Start slow. But then again, the most important thing is know you're out when you go in. Don't get greedy. Make sure you know you're out. You have your eyes on the ball of where you're going and work that plan. And, you know, I think then it gets to be really fun.
And that you're keeping your investment strong and safe. That's what I would recommend is surround yourself with smart people. Do it. Start slow. But then again, the most important thing is know you're out when you go in. Don't get greedy. Make sure you know you're out. You have your eyes on the ball of where you're going and work that plan. And, you know, I think then it gets to be really fun.
Then you start to see success.
Then you start to see success.
Then you start to see success.
I'm most excited about the tiny house movement and some of those really exciting that were, you know, where you could actually go in a area where you might be able to buy, again, check your local ordinances and make sure you have the right permits, but you could buy a lot or two and put several of these tiny homes on and have this tiny home community. I think that's really fun.
I'm most excited about the tiny house movement and some of those really exciting that were, you know, where you could actually go in a area where you might be able to buy, again, check your local ordinances and make sure you have the right permits, but you could buy a lot or two and put several of these tiny homes on and have this tiny home community. I think that's really fun.
I'm most excited about the tiny house movement and some of those really exciting that were, you know, where you could actually go in a area where you might be able to buy, again, check your local ordinances and make sure you have the right permits, but you could buy a lot or two and put several of these tiny homes on and have this tiny home community. I think that's really fun.
I think people really, enjoy that from a Airbnb or Vrbo short-term rental situation. I think management-wise, it's relatively low impact. And I think from a creative point of view, it's really fun. I get really excited about what you can do with one bedroom, one bathroom versus a huge mega mansion, which feels overwhelming to me. So I get really excited about that. I think that's really fun.