GUESTS BIO

Addison Ricci - is a new real estate investor with huge aspirations. After spending nearly a decade in video production he decided to try his hand at real estate investing to build passive income. He currently owns 2 short-term rental properties in Knoxville, TN (while living in Florida), and plans to expand and acquire more over the next couple of years.

HIGHLIGHTS OF THE EPISODE

04:30 Addison’s background

07:52 What Addison learned ever since they started the business in February 2020?

09:16 The dynamic for Addison’s STR operations.

10:44 The types of software or technology that they are using to help streamline their operations.

11:46 They’re doing the Airbnb platform exclusively.

13:14 What are their plans/strategy to go from 2 units to 30 units.

15:52 How Addison rent their 2 properties in one lot.

16:40 Their plan/goal for their next property.

17:41 How much would Addison get from a long term rental compared to a short term rental.

18:59 Whatever real estate strategies you use always make sure it still cash flows.

20:00 How Addison enrolled his Mother in the short term rental business.

23:53 Some of the things that they do to make their listings stand out.

26:06 Who’s doing the cleaning and the supplies.

29:38 Addison’s definite goal in short-term rentals.

30:53 Will Addison go full time on real estate or just as a side portfolio and still do his full-time job?

32:48 Putting all the eggs to this aspect of real estate.

35:21 Where can people get in touch and see Addison’s properties.

35:46 Addison’s number 1 secret for success in short-term rentals.

36:33 Addison’s best advice to start your own short-term rental business.

NOTABLE QUOTES (KEY LESSONS):

"We're not just buying houses and making them fit. It's like building this stays that

is intended for just being perfect stays." - Addison Ricci

"Keep it simple especially at the beginning. Kind of, learn the ropes, do what you're doing, really figure out how to find/tune your operations and your systems. Then if you want to expand go nuts but it's not an essential thing." -Michael Sjogren

"Just staying flexible with these stays, I think is really key." - Addison Ricci

"You can create a project with your family and it's a way that you can create

something that can change the life of everybody, now." - Emanuele Pani

CONNECTING WITH THE GUESTS

Instagram: https://www.instagram.com/straddison/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ep 23 - How to 10X Your Rental Income; From $600 to $6,000/Month with Addison Ricci

Short Term Rental Secrets Podcast

Ep 23 - How to 10X Your Rental Income; From $600 to $6,000/Month with Addison Ricci