Artwork for podcast Vacation Rental Revolution Podcast
Episode 221 - These Are The BIGGEST Investing Mistakes You Are Falling For
Episode 22120th November 2024 • Vacation Rental Revolution Podcast • Shawn Moore
00:00:00 00:24:34

Share Episode

Shownotes

In this episode of the Vacation Rental Revolution podcast, Shawn & Dave discuss the evolving landscape of the short-term rental market, emphasizing the importance of understanding market dynamics, risks, and strategies for success.

They highlight the dilution of profitability due to an influx of new investors and the significance of focusing on gaining an 'unfair share' of the market rather than just a fair share. The conversation also touches on the impact of natural disasters on investment decisions and the critical role of metrics like RevPAR in evaluating investment opportunities.

You can become a part of the Vodyssey family by sending an email to:

support@vodyssey.com

Cheers,

Shawn Moore

Founder, https://vodyssey.com/


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:

00:00:00 - Intro

00:00:00 - The Show Begins

00:01:20 - Who Is Jake

00:01:50 - Today's Agenda

00:02:15 - USA Today Stats On STR's

00:03:40 - Natural Disasters

00:08:15 - Shawn's Thoughts (AirBnBUST)

00:11:25 - Fair Share Of Business

00:15:30 - WE TEST SHAWN

00:23:20 - Wrap Up

Follow

Links

Chapters

Video

More from YouTube

More Episodes
221. Episode 221 - These Are The BIGGEST Investing Mistakes You Are Falling For
00:24:34
220. Episode 220 - Learning Valuable Tips That Can Save You THOUSANDS
00:40:01
219. Episode 219 - Big Changes Are Coming - What Will Trump Do?!
00:25:21
218. Episode 218 - Turning A Dream Into A Reality
00:36:12
217. Episode 217 - Are States Starting To Outlaw Short Term Rentals?
00:25:23
216. Episode 216 - Finding underperforming properties can lead to significant returns w/ Ray Williams.
00:40:29
215. Episode 215 - When Should You Run Paid Ads For Direct Bookings?
00:22:32
214. Episode 214 - The Pros & Cons Of Different Property Types w/ Adam Fiala
00:32:06
213. Episode 213 - Tapping Into Designated Experts & Communities To Accelerate Your Wealth
00:19:45
212. Episode 212 - Moving Too Fast Can Lead To Big Mistakes Investing In Real Estate with Chris Treanor
00:58:02
211. Episode 211 - Dealing With Natural Disasters That Affect Your Portfolio
00:25:20
210. Episode 210 - Is Another Recession Coming? Prepare to Thrive, Not Just Survive
00:23:07
209. Episode 209 - Navigating HOA Challenges When Operating A Short Term Rental with Sam Wempe
00:35:43
208. Episode 208 - Don't Let The Off Season Slow Down Your Bookings
00:20:21
207. Episode 207 - Lessons Learned From A Year Long Set Up w/ Matthew Scrabis
00:34:14
206. Episode 206 - Is The Growing Trend Of Last Minute Bookings Costing You Money?
00:19:52
205. Episode 205 - Navigating Project Management In Short Term Rental Investing w/ Greg & Sarah Mills
00:37:34
204. Episode 204 - Summer Demand Report Surprises A Lot Of Investors
00:24:30
203. Episode 203 - Short Term Rental Farmhouse Renovation w/ Doug & Mia Walker
00:32:49
202. Episode 202 - Candid Advise For New Or Inexperienced Short Term Rental Investors
00:19:33
201. Episode 201 - Navigating Renovation Challenges and Setbacks with Dave Luetscher & Jenny Lowe
00:45:24
200. Episode 200 - My Reaction To A Few Crazy Online Comments
00:26:16
199. Episode 199 - Doubling Down On Ownership & Management w/ Mitch & Katie Ehly
00:43:43
198. Episode 198 - Rising Insurance Costs A Concern For STR Investors
00:21:53
197. Episode 197 - Lessons Learned On The Path To #1 In The Market, with Andy Ingram
00:36:15
196. Episode 196 - Opportunities Are Out There If You Know What To Look For
00:35:48
195. Episode 195 - Building A Portfolio In Colorado, Florida, Alaska & Georgia While Working Full Time
00:33:45
194. Episode 194 - Surprising Demand Growth Year Over Year In Short Term Rental Markets
00:27:13
193. Episode 193 - Dental Practice Owner To Short Term Rental Investor w/ Dr. CE Peck
00:36:07
192. Episode 192 - Co-Hosting & Arbitrage Are Not Wealth Building Strategies
00:24:53
191. Episode 191 - From Long-Term Rentals to Short-Term Rentals with George Rivera
00:35:43
190. Episode 190 - The Big 3 Wealth Building Levers With Real Estate Investing
00:23:16
189. Episode 189 - Discipline & Strategic Decision Making with Drew Griffin
00:58:02
188. Episode 188 - Online Coach Posing In AirBNB Caught Red Handed
00:27:05
187. Episode 187 - Becoming The #1 Property In A Competitive Market w/ Tony & Carrie Auchly
00:35:57
186. Episode 186 - Why Your Marketing Should Never Appeal To The Masses
00:22:06
185. Episode 185 - Collecting Contact Info For Every Guest with StayFi Founder, Arthur Colker
00:38:07
184. Episode 184 - AirBNB's New Update & The Biggest Mistake New Investors Make
00:21:37
183. Episode 183 - From DJ to Short-Term Rental Investor: Josh Lehew's Journey Creating Win-Win Situations with Sellers
00:51:28
182. Episode 182 - How AI Is Affecting Your Short Term Rental Business
00:29:36
181. Episode 181 - The Benefits Of Creative Financing, Local Experts & Mitigating Risk with Beth Perkins
00:37:09
180. Episode 180 - Building Inspiration & Belief From Some Else's Journey
00:28:10
179. Episode 179 - Leveraging Resources & Executing On Knowledge with Chad McGlaughlin
00:31:37
178. Episode 178 - Why I Got Roasted On LinkedIn For Some Advise I Gave
00:26:40
177. Episode #177 - Leverage A Job You Hate Into A Life You Love
00:20:20
176. Episode #176 - How Break Even Properties Can Build Long Term Wealth w/ Terri Lynn Never
00:37:26
175. Episode #175 - Why I Believe That Most Investors Are Too Quick To Quit Thier Full Time Jobs
00:22:55
174. Episode #174 - Why I Won't Invest In These 5 States
00:22:48
173. Episode #173 - Lesson's Learned From A Total Loss In The Lahaina Fires w/ Wendy Pogni
00:29:28
172. Episode #172 - How to Receive a 5 Star Review When Something Goes Bad During a Guests Stay
00:18:05
171. Episode #171 - 4% Owner Financing On New Construction STR with David Delmar
00:40:32
170. Episode #170 - Transforming Effort, Self Reliance and Commitment into Wealth
00:29:55
169. Episode #169 - Transitioning from LTR to STR Investing with Gered De Hoogh
00:36:51
168. Episode #168 Never Stop Underwriting Your Property & What Is The Top Of The Market?
00:23:56
167. Episode #167 Finding The Right Property That Meets Your Goals, How To Maximize Positive Reviews With STR Investor Andrea Bellofiore
00:33:07
166. Episode #166 What A High Performing Vodyssey Property Looks Like, When Is The Right Time To Sell Your Property?
00:16:49
164. Episode #165 Direct Bookings, Maintenance, and Condos Vs. Single Family Homes w/investor Steve Smeal
00:30:10
163. Episode #164 Understanding Traveler’s Preferences Through Experience & Luxury To Receive Better Reviews
00:20:26
163. Episode #163 What Does It Take To Retire & Run Your Vacation Rental Full Time? Interview with Steve Cummings
00:37:40
162. Episode #162 Get Around The Right People To Meet Your Goals, Plus Options For Financing Your Vacation Home
00:18:00
161. Episode #161 Setup Your Short-Term Rental For Your Guest With Investor Graham Hardy
00:42:55
160. Episode #160 Housing Affordability, Getting the Right Tax & Legal Advice, & Second Home Loan Limits
00:22:03
159. Episode #159 My Conversation With Seasoned Investor Avery Carl From The Short Term Shop
00:41:56
158. Episode #158 Restoring a Historic Firehouse, Dangerous Property Analysis Mistakes, and How to Offer Alcohol, ATVs, E-Bikes, Boats & other Higher Risk Amenities Correctly
00:21:03
157. Episode #157 What Are Property Managers Looking For?
00:35:59
156. Episode #156 Top 5 States To Buy Cashflowing Vacation Rentals
00:19:05
155. Episode #155 Overcoming Tragedy To Finding Success And Bliss In Vacation Home Investing
00:31:01
154. Episode #154 Understanding AirBNB’s New Rules For Cameras & Noise Monitoring
00:16:07
153. Episode #153 From $0 To The #1 Revenue Property In The Market With STR Investor Harman
00:40:10
152. Episode #152 How To Obtain Financial Freedom In 5 Years Or Less
00:16:21
151. Episode #151 How To Revitalize A Struggling Property
00:22:52
150. Episode #150 My definition of a lifestyle asset and why they’re the only investments I’ll add to my portfolio.
00:18:27
149. Episode #149 Turn Your Unbooked Nights Into Free Vacation Stays With Sean Wilkinson Of Host Share
00:34:26
148. Episode #148 How To Outsmart AIRBNB With Your Own Customer Base
00:17:54
147. Episode #147 Taking An Underperforming Property To The Top Of The Market With Eric Young
00:37:38
146. Episode #146 The Power Of Owning Your Business In The Short-Term Rental Game
00:22:34
145. Episode #145 Patience And Persistence Pays Off Big For First Time STR Investor With Shelly Niemand
00:38:38
144. Episode #144 Overcoming The Top 3 Short-Term Rental Challenges In 2024
00:21:17
143. Episode #143 The Psychology Of Short-Term Rental Investing With Dr. Fadi Hussein
00:50:23
142. Episode #142 You Are Looking At Diversification The Wrong Way
00:19:19
141. Episode #141 $75,000 In Revenue In Only Two Weeks With Dan Gorman
00:58:20
140. Episode #140 Should You Go Into Debt To Build Your STR portfolio?
00:12:19
139. Episode #139 Overcoming Obstacles While Building Your Short Term Rental Portfolio With Tess Bessent
00:48:15
138. Episode #138 Why I Prefer Short-Term Rentals Over Long-Term Rentals
00:18:36
137. Episode #137 How To Buy The Right Property In The Right Market With Jaycob Payne
00:19:13
136. Episode #136 Beyond The Photos: Exploring Hospitality Shifts And Listing Mastery
00:17:14
135. Episode #135 The Importance Of Understanding Your Numbers
00:12:17
134. Episode #134- Vodyssey Ventures: Mapping the New Year, Mastering Partnerships, and Property Power Plays!
00:19:38
133. Episode #133 - Guide to $20k per Month or $250k Per Year in Passive Income
00:18:19
132. Episode 132: Resolutions on the Rocks: A Whisky Wednesday Dive into Real Estate and Investment Goals
00:16:14
131. Episode #131 - Whisky Wednesday: Festive Traditions and Property Triumphs
00:16:48
130. Episode #130 - From Rookie to Rockstar: Randy Wild's Journey to Becoming a Top Short-Term Rental Investor
00:33:22
129. Episode #129 - Whisky Wednesday: How Important Is A Welcome Basket & What Should Be Included In It?
00:20:31
128. Episode #128 -Navigating a Lawsuit: How One Short-Term Rental Investor Fought for Property Rights
00:34:18
127. Episode #127: Whisky Wednesday - Home Sweet Rental: Balancing Fun and Liability in Short Term Rental Investing
00:20:38
126. Episode 126 - Unlocking The Secrets of Specialized Financing for STR Investors w/ Nate Borghi
00:43:04
125. Episode 125 - Whisky Wednesday: Million-Dollar Milestone: Decoding Revenue Ranges in the STR Game
00:16:40
124. Episode #124 - The Secret to becoming a Successful Rental Investor with Suzie Austin
00:39:15
123. Episode 123 - Importance of coaching and building wealth through Short-Term Rentals Guest Bill Faeth
00:55:38
122. Episode 122 - Whisky Wednesday: Quit your day job and start investing in STR's?
00:18:36
121. Episode 121 - Property Management: The Achelies Heel of the STR Business with Guest Marianne Heder
00:41:12
120. Episode 120 - Whisky Wednesday: The Importance of Patience in Finding the Right Short-Term Rental
00:19:04
119. Episode #119 - Whisky Wednesday: The Biggest Mistakes When Deciding on a Short-Term Rental Strategy
00:17:20
118. Episode #118 - Whisky Wednesday: Supply vs Demand & Why a looming crash is Unlikely
00:15:16
117. Episode 117: Empowering Lifestyle Asset Investors: A Vodyssey Journey with Kevin & Kristeen Owens
00:52:39
116. Episode #116 - Whiskey Wednesday: Building Massive Wealth With Break Even Properties
00:17:19
115. Episode #115 - The Power of Direct Bookings to Maximize your Short Term Rental with Scott Marshall
00:39:30
114. Episode 114 -Whisky Wednesday Podcast: Navigating the Fall Transition, Halloween Fun, and Housing Market Insights 🍂🏠
00:26:09
113. Episode #113 - Unlocking the Power of Vacation Rental Marketing with Content Creators feat. Jordan Kahana
00:29:38
112. Ep. 112- Vodyssey Live 2023 Highlights, Financial Freedom, and More
00:21:35
111. Episode 111 -The power of perseverance, adaptability, and seizing opportunities within the STR Game, with Syed Lateef
00:51:01
110. Ep. 110- Homeschooling Insights, Top Amenities, and Secrets to Short Term Rental Success | Whisky Wednesday Podcast
00:26:00
109. Episode 109 -Whisky Wednesday Podcast: Adventures in Alaska and the NYC Short Term Rental Challenge
00:24:24
108. Episode 108- Athlete to Business Winner: Shawn's Basketball Adventures & Quality Assets in Short Term Rentals | Whisky Wednesday Podcast
00:30:11
107. Ep. 107- Whiskey Wednesday: Balancing Success, Management, and Pets in Short Term Rentals
00:28:34
106. Episode 106 - Scaling Your Portfolio with Veteran STR Investor Tim Hubbard
00:39:00
105. Episode 105 - Whiskey Wednesday: Why You Shouldn't Wait to Buy Property
00:18:03
104. Episode 104 - Interview With Successful Vacation Rental Owners Sean & Dee Crowley
00:37:31
103. Episode 103 - Whiskey Wednesday
00:30:27
102. Episode 102 - How Smart Home Technology Is Revolutionizing The Vacation Rental Industry, with Nate Wysk
00:41:29
101. Episode 101 - Unleashing the Power of AI: Transforming Guest Communication in the STR Industry with Jeremy Gall
00:43:21
100. Episode 100 - The Ups & Downs Of My Journey Into Vacation Home Investing
00:28:01
99. Episode 99 - Ten Percent Down Financing Is Still Available For Your Next Vacation Rental, with Jeff Chisum
00:32:57
98. Episode 98 - Fund Your Next Vacation Home With Subject To & Creative Financing with William Tingle
00:31:39
97. Episode 97 - Building A Family Legacy with Darin & Nena Green
00:38:04
96. Episode 96 - How Uncle Sam Can Fund Your Next STR Down Payment - Interview with CPA Mike Pine, Part 2
01:00:44
95. Episode 95 - Unleashing Your Vacation Rental's Potential: The Power of Partnering with a Professional Property Manager, Interview With Portoro CEO, Dustin Abney
00:46:37
94. Episode 94 - Maintaining Old Friendships & Old Properties
00:31:03
93. Episode 93 - Riding the Wave of Change: US Short-Term Rental Trends and Consumer Patterns in Q1 of 2023
00:22:42
92. Episode 92 - Navigating the Midterm Rental Landscape Insights and Trends for Investors and Hosts with Brian Payne from Furnished Finder
00:36:43
91. Episode 91 - The Overwhelming Task Of Remodeling A Remote STR with John & Lauri Hinshaw
00:44:20
90. Episode 90 - Saying YES To Your Dreams with Dan & Amy Hanson
00:42:27
89. Episode 89 - The Ultimate Showdown, Experience vs Knowledge
00:14:50
88. Episode 88 - Getting Your Unfair Share Of Business In A Crowded Market with Nate Morris
00:48:00
87. Episode 87 - Building A Portfolio Splitting Time Living In Both Mexico & The US with Andres Perez
00:44:06
86. Episode 86 - How AI Can Be Used To Maximize Your STR Business with Bart Sobies
00:39:30
85. Episode 85 - Lessons Learned In First Full Year Of Vacation Rental Ownership with Brian Emch
00:39:33
84. Episode 84 - Starting A Portfolio Close To Home w/ Elise Rosato
00:49:06
83. Episode 83 - From Total Loss To Financial Freedom with Benjamin Kimball
00:54:58
82. Episode 82 - 3 Reasons You SHOULD NOT Invest In Vacation Rentals
00:23:20
81. Episode 81 - The Vacation Rental Industry Has Cause To Stay Optimistic Despite Economic Challenges
00:17:16
80. Episode 80 - What Are You Doing To Prepare For New Opportunities In 2023?
00:29:08
79. Episode 79 - Are You A 'Wait & See' Type Of Person?
00:14:47
78. Episode 78 - 3 Things Keeping You Poor Going Into A Separation Season
00:27:24
77. Episode 77 - Bringing 5 Star Concierge Service To Your Short Term Rental with Kim Lalande
00:30:00
76. Episode 76 - Inspiring Women RE Investors with Leslie Anne Morris
00:34:29
75. Episode 75 - Analyzing Income Potential On A Short Term Rental
00:14:35
74. Episode 74 - Interview w/ Brian Page, Author of Don't Start A Side Hustle
00:42:17
73. Episode 73 - Interview with Avantstay's CEO Sean Breuner
00:48:15
72. Episode 72 - Tuesday Tip, What's The Difference Between A Property Manager & A Co-Host
00:08:52
71. Episode 71 - How To Get Your UNFAIR Share Of Bookings
00:22:58
70. Episode 70 - What You Won't Hear On The News About The Current Housing Market
00:47:13
69. Episode 69 - Interview With 1031 Exchange Expert, Lu Ann Blough
00:45:25
68. Episode 68 - Tuesday Tip - What is causing houses prices to continue to increase despite rising interest rates and curbed demand?
00:12:57
67. Episode 67 - Are You Willing To Fight For Your Dreams?
00:25:40
66. Episode 66 - Tuesday Tip, One Question The Pros NEVER Ask
00:10:08
65. Episode 65 - Must Have Skill Set To Navigate The Upcoming Recession with Rod Khleif
00:42:02
64. Episode 64 - Top 3 Things You Can Do To Stand Out In A Shifting Market
00:34:00
63. Episode 63 - Is the Golden Age of Short-Term Rentals Over?
00:17:40
62. Episode 62 - Ask Me Anything Q&A
01:20:47
61. Episode 61: The Tax Cure with Dr. Thomas Black
00:49:36
60. Episode 60 - Building A Successful Portfolio In Smaller, Less Known Markets - Interview w/ Christian Schofield
00:56:29
59. Episode 59 - Persistence & Determination Got Them Their First Ski Vacation Home, Interview w/ STR Investor Chris Ronshagen
00:58:00
58. Episode 58 - Is Now The Time To Hit The Pause Button Before Jumping In To The STR Game?
00:51:29
57. Episode 57 - There Are No Easy Buttons, You Are Solely Responsible For Your Success or Failure In STR Investing
00:27:57
Episode 56 - Interview w/ Newbie STR Investors, Steve & Linda Cummings, On Their Journey Into Their First Property
00:48:48
55. Episode 55 - From 0 to 3 Vacation Rentals in 10 months. Interview with STR Investor, Freddy Falck
00:50:51
54. Episode 54 - Interview With Successful Vacation Home Investor, Trago Wallace
01:05:39
53. Episode 53 - The Easiest Way To Put More Money Into Your Pocket With Your Vacation Rental
00:33:09
52. Episode 52 - Using Asset Based Loans To Build Your STR Portfolio
00:57:10
51. Episode 51 - The Long Game Of Vacation Home Investing
00:36:25
50. Episode 50 - What To Expect In 2022 For Vacation Rental Investing
00:16:25
49. Episode 49 - Getting Your Offers Accepted In Today's White Hot Real Estate Markets.
00:53:45
48. Episode 48 - Interview with Eli Grelecki. Eli Shares Their First Year's Experience In Vacation Rental Ownership
00:57:10
47. Episode 47 - The #1 Thing You Can Do To Increase Your STR Revenue Today
01:02:16
46. Episode 46 - It's Separation Season
00:17:22
45. Episode 45 - Top 3 Financing Options For Purchasing Your Vacation Rental [Interview with Jeff Chisum]
00:59:24
44. Episode 44 - How Uncle Sam Will Pay Your Down Payment On Your Next Vacation Rental [Interview with tax expert Mike Pine]
00:33:50
43. Episode 43 - [Quick Rant...Sorry] Stop Selling Yourself Short
00:19:24
42. Episode 42 - Interview With Successful Vacation Rental Owners, Jacob & Vanessa
00:47:53
41. Episode 41 - The Biggest Mistake Newbie Investors Make, Investing Without An Emergency Fund
00:19:11
Episode 40 - The Biggest Roadblock To Building A Real Estate Empire
00:12:59
39. Episode 39 - The Secret Curse Of Success
00:23:30
38. Episode 38 - Part 3 of 3, Unpacking The Marketing Phase of Vacation Rental Ownership
00:17:51
37. Episode 37 - Part 2 of 3, Unpacking The Management Phase of Vacation Rental Ownership
00:17:40
36. Episode 36 - Part 1 of 3, Unpacking The Acquisition Phase of Vacation Rental Ownership
00:18:37
35. Episode 35 - Maximize Your Lifestyle Asset With Paid Advertising
00:26:42
34. Episode 34 - Pricing Your Property For Maximum Profitability
00:25:43
33. Episode 33 - How To Beat Other Buyer To The Best Deals In Any Market
00:29:15
32. Episode 32 - AirBnb CEO, Brian Chesky, stated that his company will need millions more hosts to meet surging demand.
00:32:49
31. Episode 31 - The Market Is So Hot Right Now, Should We Wait For It To Cool Down?
00:24:49
30. Episode 30 - Why I Do What I Do Everyday
00:25:40
29. Episode 29 - Financing Your Vacation Rental Portfolio with 10% Down
00:50:21
28. Episode 28 - Why I Believe Now Is The Best Time To Buy Vacation Rentals?
00:26:57
27. Episode 27 - Should I Be Purchasing Property In This Crazy Market?
00:37:37
26. Episode 26 - The #1 Reason People Fail With Vacation Rentals
00:10:11
25. Episode 25 - 7 Things Poor People Do That Rich People Do Not
00:22:57
24. Episode 24 - Interview with James & Emily Bauslaugh
00:44:42
23. Podcast Episode 23 - Baseball, Basketball & Lifestyle Asset Acquisitions
00:22:30
22. LAU Episode 22 - The New Competition
00:15:40
21. Episode 21 - Shelly Smith Flips The Script and Interviews Shawn On This Fun Episode
00:39:30
20. Episode 20 - Interview w/Successful LAU Member, Misti Petrie
00:45:21
19. LAU Episode 19 - My Embarrassing Lesson in 7th Grade on Taking Action Without A Plan
00:13:28
18. LAU Episode 18 - I Was So MAD Until I Learned This Lesson
00:22:23
17. LAU Episode 17 - Marketing Your Short Term Vacation Rental
00:27:54
16. LAU Episode 16 - Specialized Knowledge Builds Wealth
00:16:25
15. LAU Episode 15 - Finding The Perfect Location. You Are Focusing On The Wrong Things
00:14:32
14. LAU Episode 14 - LAU Interview with KimBerly Keyton
00:42:02
13. Episode 13 - LAU Member Interview with Jeff & Jamie Child
00:35:12
12. LAU Episode 12 - Member Interview with Jeff Weaver from Atlanta, GA
00:41:26
11. Episode 11 - LAU Member Interview With Dave Sivulich
00:36:05
COVID-19 Live Q&A Call
00:46:24
10. Episode 10 - The #1 Question I Get – What are the most profitable locations to purchase Vacation Rentals?
00:12:58
10. Episode 9 - Steve Jobs Final Thoughts On Life
00:06:14
2. Episode 2 - What The Heck Is A Lifestyle Asset?
00:14:33
Episode 1 - Lifestyle Asset University My Backstory & Introduction to Lifestyle Assets
00:18:12