Is the Short-Term Rental Business Dead? with Kyle Stanley

With competition and interest rates rising, is it still a good idea to venture into short-term rentals? Today's guest says YES! Kyle Stanley created his path to financial freedom through Airbnb. Kyle teaches others how to navigate the challenges of starting and growing a short-term rental business through his Mastermind sessions and his Mentorship Program. He started The Fearless Investor in 2019 (originally called Fearless Flipping) to help others learn about investing in real estate.

Kyle is a returning guest. You can catch his previous episode here: https://www.wealthwithoutwallstreet.com/podcast/the-fearless-investor-kyle-stanley

Top 3 Things You’ll Learn:
How to rise above the competition
Two ways you can start doing short-term rentals
How to navigate the current challenges in the short-term rental industry, specifically with Airbnb

About Our Guest:
Kyle Stanley has been to many places in his career. He was a TV sports anchor, ran a sports videography, joined a recruiting business, and did a few sales jobs. It wasn't until September of 2018 that Kyle started to understand the power of real estate. The real “ah-ha moment” came when he fully invested his attention into Airbnb. In 5 months, Kyle went from $1,000 per month to $15,000+ per month! Fast forward to 9 months in, he was grossing over $25K! From there, he continues to grow his portfolio and his wealth. Kyle now teaches others how to build a profitable short-term rental business through his Masterminds and Mentorship Program.

Connect with Kyle Stanley:
Website - https://www.fearlesskyle.com/
Facebook Group - https://web.facebook.com/groups/airbnbmasterminds
YouTube - https://www.youtube.com/channel/UCBPF4xCAE8n_Aat4-U8K0zQ

Get $500 OFF on Kyle's Mentorship Program:
Email: [email protected] with the Subject Line: Wealth Without Wall Street

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8:24 - Talk a little about where you started compared to where you are now.
9:41 - What is arbitrage?
11:21 - From your experience, is there one person that's better suited for one role or the other from the two paths you mentioned?
15:47 - Is this a bad time to be in the short-term rental business?
18:29 - How are you coaching and mentoring people who have been doing it for a while to rise above the competition?
22:35 - What are the things that you cover in your mentorship?
24:10 - The people who come to your Mastermind–how long have they been doing short-term rentals?
24:47 - What is the real issue in the industry right now?
36:49 - What's next for you as it relates to your own journey?

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www.wealthwithoutwallstreet.com/podcast/is-the-short-term-rental-business-dead-with-kyle-stanley

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