Episode 226 - 7 Properties Later, Create Generational Wealth Through STR's

In this episode of the Vacation Rental Revolution Podcast, host Shawn Moore interviews Kimberly Nave, a successful short-term rental investor. They discuss Kim's journey from apartment management to real estate investing, her transition into short-term rentals, and the challenges and successes she has faced along the way. Kim shares insights on managing expenses, the pros and cons of self-management versus hiring property managers, and the importance of finding success in non-traditional markets. The conversation highlights the entrepreneurial spirit required in the short-term rental industry and offers valuable lessons for aspiring investors. In this conversation, Kim Nave shares her journey in real estate investment, focusing on short-term rentals. She discusses her approach to finding unique properties, the importance of embracing risk, and the lessons learned from managing her properties. Kim emphasizes the significance of creating a top-tier experience for guests and the financial considerations involved in property setup and management. If you want to start on your journey and become a prt of the Vodyssey family then send an email to: support@vodyssey.com Cheers, Shawn Moore Founder, https://vodyssey.com/ Kimberly's Properties Website: beyondthepath.net 1) https://www.airbnb.com/rooms/1288784250217862882?source_impression_id=p3_1733358254_P3QskAUM-zCQmAFN 2) https://www.airbnb.com/rooms/690832492907546336?source_impression_id=p3_1733358639_P37JoFRwlVGZUGZw 3) https://www.airbnb.com/rooms/622596765123902711?source_impression_id=p3_1733358639_P36GDNPLYg6YHDik 4) https://www.airbnb.com/rooms/690394626618652508?source_impression_id=p3_1733358639_P3l3pMTu0bOlD2H0 5) https://www.airbnb.com/rooms/865830592395624146?source_impression_id=p3_1733358639_P3BGFKE07Hh8rfJt 6) https://www.airbnb.com/rooms/1057381884949284635?source_impression_id=p3_1733358639_P3JbRxR01dmOdRne 7) https://www.airbnb.com/rooms/50069564?source_impression_id=p3_1733358639_P3jDCPwMkwIrISpc Follow Kimberly: https://www.facebook.com/beyondthepathvacationrentals https://www.instagram.com/beyondthepathvacationhomes/ https://www.youtube.com/@beyondthepath-vacationhome9891 Follow us: https://www.instagram.com/vodysseyshawnmoore https://www.facebook.com/vodysseyshawnmoore/ https://www.linkedin.com/company/str-financial-freedom https://www.tiktok.com/@vodysseyshawnmoore Chapters: 00:00 Introduction to Short-Term Rental Investing 00:59 Kim's Journey into Real Estate 03:07 Transitioning to Short-Term Rentals 05:48 Expanding Portfolio: The Arizona Property 09:00 Managing Expenses and Challenges 11:54 Self-Management vs. Hiring Property Managers 14:09 Pros and Cons of Short-Term Rentals 17:03 Finding Success in Non-Traditional Markets 20:43 Embracing Risk in Real Estate Investments 24:44 The Journey to Finding Unique Properties 27:06 Navigating Property Valuation and Negotiation 30:32 Lessons Learned from Property Management 36:49 Creating a Top 1% Experience in Rentals Chapters: 00:00:00 Introduction to Short-Term Rental Investing 00:00:59 Kim's Journey into Real Estate 00:03:07 Transitioning to Short-Term Rentals 00:05:48 Expanding Portfolio: The Arizona Property 00:09:00 Managing Expenses and Challenges 00:11:54 Self-Management vs. Hiring Property Managers 00:14:09 Pros and Cons of Short-Term Rentals 00:17:03 Finding Success in Non-Traditional Markets 00:20:43 Embracing Risk in Real Estate Investments 00:24:44 The Journey to Finding Unique Properties 00:27:06 Navigating Property Valuation and Negotiation 00:30:32 Lessons Learned from Property...