The 4 Seasons of Vacation Rental Investing

Tom Caffrey and the Value of Investing with a Partner

Join Kym & Krista as we host Tom Caffrey aka "Tomasta McPasta."  Tom is a long and short term rental investor, entrepreneur and Realtor in Ormond Beach Florida.  Tom is also one of Krista's investment partners in numerous properties and businesses.   Tom didn't come from money, in fact, quite the opposite.  He used hard work, sincerity and hard work (we meant to repeat that) to grow a life most can only dream of in financial success.  He continues to invest in all sorts of properties but has found vacation rentals to be a unique portion of his portfolio.  Listen as Tom shares why investing with a partner can be a great benefit and how to build a life of massive success. Find Tom here: https://www.realtyproassured.com/agents/1013819/Tom+Caffrey Book the Three Oars Bungalow here: https://mysaltydogvacation.com/hostaway-listing-details-page/?listingMapId=88339 Check out Tom and Krista's Brewery here: https://www.worldsmostfamousbrewery.com/ Thanks for listening! Follow us: Salty Dog Vacations @ https://www.facebook.com/saltydogvacations https://www.instagram.com/saltydogvacations/ Book your next vacations @ www.mysaltydogvacation.com Krista Goodrich aka The Boss Lady Investor @ https://www.facebook.com/krista.d.goodrich https://www.instagram.com/thebossladyinvestor/

It's Never Too Late-STR Investing is for Seniors with Becky Dowling

Becky Dowling never meant to be a vacation rental investor in her 70's, but she's sure happy she did!  As the Founder of the incredible non-profit, "Just" People, Inc out of Atlanta, Georgia, Becky has spent her life helping developmentally disabled adults have a safe place to call home.   Becky started looking at beach properties and through creative strategies, was able to use retirement savings to put a down payment down on a beach house that has not only doubled in price, but is also generating massive income.  She has not had to put another penny of her own money into the property since she purchased it!  The property is also specially zoned, making it a wildly desirable property should she ever decide to sell it, and guaranteeing her continued income through her golden years.  Becky is also Krista Goodrich's mom, and the ultimate Boss Lady, living a life that is a role for all of us to strive for.   From Krista, "Mom, I'm more proud of you than I can ever explain.  Thank you so much for teaching me to be strong, take chances, believe in myself and others, forgive easily, love deeply and leave the world better than I found it.  You are the best mom and boss lady ever." www.justpeople.org Book Seaside Serenity here:  https://mysaltydogvacation.com/hostaway-listing-details-page/?listingMapId=82435 "Just" People Facebook Page:  https://www.facebook.com/JustPeopleInc Thanks for listening! Follow us: Salty Dog Vacations @ https://www.facebook.com/saltydogvacations https://www.instagram.com/saltydogvacations/ Book your next vacations @ www.mysaltydogvacation.com Krista Goodrich aka The Boss Lady Investor @ https://www.facebook.com/krista.d.goodrich https://www.instagram.com/thebossladyinvestor/

Systematizing Your Vacation Rentals and Creating a Luxury Portfolio

On this episode, we welcome Chad Hensel from Rentlyne, a luxury vacation rental management company based in the Carolinas.  Learn about Chad's journey into the vacation rental world and how he has profited and grown in both the suburban marketplace as well as with lake and waterfront properties.   Chad explains how systematizing and keeping strong quality are key in both scaling your vacation rental and creating a 5-star experience.  Check out Chad and Rentlyne here: https://www.rentlyne.com/ https://www.instagram.com/rentlynegetaways/ Thanks for listening! Follow us: Salty Dog Vacations @ https://www.facebook.com/saltydogvacations https://www.instagram.com/saltydogvacations/ Book your next vacations @ www.mysaltydogvacation.com Krista Goodrich aka The Boss Lady Investor @ https://www.facebook.com/krista.d.goodrich https://www.instagram.com/thebossladyinvestor/

Vacationing in a Puerto Rican Paradise

Krista and Kym are joined on this episode by Alma Bair of Paradise Villas & Vacations in beautiful Puerto Rico.  Twenty years ago, Alma and her family vacationed in Puerto Rico on vacation and fell in love with the Island! They decided to buy a vacation home in Vega Alta and when the villa was not being used for family, Alma rented it out to other folks who in turn fell in love with Puerto Rico!!   From that time onwards, Alma grew the business into a full service hospitality company with over 50 villas in the Paradise Villas & Vacations portfolio, focusing on great guest experiences and responsible renting.   Join us and learn how Alma, and now you, went from traveling to paradise to living and working in paradise.  Visit Alma and her gorgeous units here! https://paradisevillapr.com/ [https://paradisevillapr.com/] Facebook: www.facebook.com/paradisevandv/ [http://www.facebook.com/paradisevandv/] Instagram: www.instagram.com/paradisevillapr/ [http://www.instagram.com/paradisevillapr/] Youtube: https://bit.ly/3wIH52c [https://bit.ly/3wIH52c] Thanks for listening! Follow us: Salty Dog Vacations @ https://www.facebook.com/saltydogvacations https://www.instagram.com/saltydogvacations/ Book your next vacations @ www.mysaltydogvacation.com Krista Goodrich aka The Boss Lady Investor @ https://www.facebook.com/krista.d.goodrich https://www.instagram.com/thebossladyinvestor/

Investing in Vacation Rentals-The Bohemian Blowfish 40% Annual Returns!

Join me (Krista aka The Boss Lady Investor) and my business partner from Salty Dog Vacations, Kym Nguyen, as we explore the ins and out of investing in a vacation rental property.  We will be launching a new Podcast called, "The Four Seasons of Vacation Rental Investing" and this is Episode 1 of that podcast.  In each episode, we break down the: Who?  Who is doing the investing? Why?  Why this house/condo?  Why this location? When?  When was it purchased and how do the markets/interest rates affect that?  When did we rent it?  When will it be sold? How?  How did was it chosen as a vacation rental?  How was it paid for?  How much money is it making and will it make? What?  What is the outcome? Here are the numbers from this episode: Bohemian Blowfish purchase price:  $364,000.00 Down payment:  $36,400.00 Furniture and decor cost:  $20,000.00 Annual revenue year 1:  $42,000.00 Monthly expenses:  $2950.00 Cash Flow:  $500/month $6,000/year Invested with 4 women, each contributing about $14,000.00 Returns after 10 years: Cash flow ($6,000 x 10 years) $60,000.00 Total mortgage balance left after ten years: $259,000.00 Anticipated value of home in ten years @ 3% growth: $489,000.00 Net Return:  $233,000 profit divide by 4 Net Return each:  $58,000 or 400+% or 40+% annually Cash flow ($6,000 x 20 years)  $120,000.00 Total mortgage balance left after twenty years:  $99,000.00 Anticipated value of home in twenty years: $657,000.00 Net return: $621,000.00 or $155,000 each from a $14,000 initial investment.  Thanks for listening! Follow us: Salty Dog Vacations @ https://www.facebook.com/saltydogvacations https://www.instagram.com/saltydogvacations/ Book your next vacations @ www.mysaltydogvacation.com Krista Goodrich aka The Boss Lady Investor @ https://www.facebook.com/krista.d.goodrich https://www.instagram.com/thebossladyinvestor/