Ep 42 - From one room to help pay closing cost to 30+ STR's with Kyle Stanley

GUESTS BIO

Kyle Stanley - is an Airbnb operator out of Fresno, CA. Although he has been doing Airbnb since 2015, he didn't truly turn it into a business until May of 2019. When Kyle learned he could operate Airbnb's in homes that he didn't even own, he realized that he could scale the business quickly. In under 18 months, Kyle went from 1 listing to 25 listings, netting over $20K per month. Kyle now teaches others how to replicate his path to success in Airbnb . Kyle is also a real estate investor practicing exit strategies like flipping, wholesaling, creative financing and more. You can tune into his podcast, "The Fearless Investor," to learn more.

HIGHLIGHTS OF THE EPISODE

03:29  STR Secrets texting community! Text your questions at 9783216563

04:34  Kyle’s Biography/Introduction.

05:26 The mindset shift that led him to do Short Term Rentals.

07:08  Rental arbitrage or Management model. How he scaled his STR properties.

06:45  #1 lead source for finding management clients.

11:22  What Kyle’s team looks like.

12:21  Who handles their guest communication.

14:01  His payment method towards his assistant/s.

16:36  Find someone who cares about being a part of something big.

20:21  Why it’s difficult to find the best VA for your STR business.

24:18  You must be hungry to evolve and avoid staying in your comfort zone.

25:22  Why Kyle's "Why" hasn’t changed.

27:01  Kyle’s STR business goals for 2021.

28:51  Kyle’s systems on technology and automation.

33:03  A recent mindset shift.

41:31  How to get in touch with Kyle Stanley.

42:48  Kyle’s number 1 secret to success with Short Term Rentals.

37:24  A FREE Airbnb profit calculator giveaway on Kyle’s website.

Join our Facebook group! www.facebook.com/groups/STRentalsecrets

NOTABLE QUOTES (KEY LESSONS):

"I just made money going on vacation. That didn't feel fair." - Kyle Stanley

"When you do something unique and you do it well words spread really fast." - Kyle Stanley

"You're never going to find someone that cares about the business as much as you but you can definitely find someone who cares about being a part of something big, and being a part of something that makes their life better." - Kyle Stanley

"Surround yourself with good people so you can just learn new things every day." - Kyle Stanley

CONNECTING WITH THE GUESTS

Website: Fearlesskyle.com (Get a FREE Profit Calculator)

Instagram & Clubhouse app handles: @fearlesskyle