SA881 | The Non-Conventional Strategy for a Cash-Flowing Short-Term Rental Business with Kirby Atwell
Kirby Atwell
With so many investors seeing the profitability of investing in short-term and long-term rental properties, how can you differentiate yourself from its tight competition?
Let’s hear Kirby Atwell’s unique strategies for building a high-cash-flow rental business! Our episode with Kirby highlights the advantages of short-term rentals over fix and flips, the strength of the short-term rental space in today’s market, and why you should maximize the benefits of this strategy or niche. If you’re ready to be equipped to live off rentals, join us today!
Key Points & Relevant Topics
- Kirby’s real estate journey from fix and flip, long-term, to short-term rentals
- What made Kirby decide to leave the flipping side of the business
- The potential cash flow and income of short-term rentals
- Is it also profitable to invest in vacation rentals and hotels in Indiana?
- Best ways to find properties and deals for short-term rentals
- The truth about the current state and competition surrounding Airbnb and short-term rentals
- How you should underwrite short-term rental deals
- Having a team who can manage and operate your short-term rental properties
- Why people should focus more on cash flow than net worth
Resources & Links
- Rich Dad Poor Dad by Robert T. Kiyosaki
- MLS.com
- Vrbo.com
- Booking.com
- Living Off Rentals Podcast on Apple and Spotify
- Living Off Rentals Masterclass
- Apartment Syndication Due Diligence Checklist for Passive Investor
About Kirby Atwell
After growing up in the south suburbs of Chicago, Kirby served 11 years on active duty in the U.S. military, first attending the United States Military Academy at West Point and then traveling the world as an officer in the Army. During his time in the service, he developed a strong interest in real estate entrepreneurship. He began studying and reading as much as he could on the topic, and he bought his first rental property in 2006.
In 2011, he left the service and earned his MBA with a focus on real estate finance. While attending graduate school, he started his first real estate investment company, rehabbing over 100 properties either to flip or keep as rentals in the Chicago area.
Today, Kirby primarily focuses on investing in high-cash-flowing vacation rental properties. He owns a portfolio of vacation rentals in northern Indiana, where he lives on a 45-acre farm with his wife and young kids. He also helps others who work a full-time job to buy and set up their first high-cash-flowing vacation rental through his signature program called Your First Vacation Rental Investment Blueprint. Ten percent of all profits that he earns are donated to support veterans in need.
Kirby is the host of the Living Off Rentals podcast and YouTube channel, where he and other subject matter experts help equip listeners to achieve financial freedom through rental property investing.
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To Connect With Us
Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!
Connect with Kirby:
- Website: www.livingoffrentals.com/
- YouTube: Living Off Rentals