In this episode, Avery speaks with Josh about his interesting entry into the world of real estate and the success that he has reached today across multiple fields. Working as a commercial producer, Josh got cancer which opened his eyes to the risks of only having a single stream of income. Josh discovered real estate while he was still sick as a way of diversifying his income and maximizing his gain. Josh now works through many different markets and has both short-term and long-term rentals throughout the country. Josh and Avery speak in-depth about the differences and similarities between a variety of rental markets ranging from Kansas City to the Smokey Mountains. They speak about the specific intricacies of each market from purchase to managing long-term. Josh extrapolates on his experience renovating rentals and techniques one can use to prevent maintainence calls and minimize loss, as well as what he typically looks for when picking a property. Lastly, Josh speaks about his unique experience managing properties as his side hustle, and how a rental property can essentially be a long-term savings account for those with other jobs. Key Topics How Josh entered the real estate Dangers of having a single stream of income Value of diversifying one’s portfolio Tips for using property compliance officers Similarities between rentals across markets Benefits of fixer-uppers How a STR is like a savings account Rich Dad, Poor Dad The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs
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