Episode 109: “Get in the Game” and 5X Your Cash Flow with Short-Term Rentals – Mike Sjogren

Michael is the host of the Short Term Rental Secrets Podcast and founder of the Short Term Rental Secrets Mastermind, a training and mastermind program that helps investors launch, automate and scale their short term rental portfolios.  Michael and his wife Krysten founded Occupied, LLC, a national short-term rental investment and management company in 2017, as a vehicle to build passive income so they could stop trading away time from family for a paycheck. That vision came to fruition within 18 months when their short term rental portfolio replaced their income and Krysten and Michael both left their corporate jobs. They are based out of Boston, MA and currently have a portfolio of 41 short-term rental properties across four states including 2 boutique hotels on Boston’s north shore.

In this episode Mike shares his story with us about how having a sick child encouraged him to get into short-term rentals to create a way to generate more passive income. He talks about why it makes more sense to self-manage with the right team versus using a 3rd party management company. Mike also talks about the risks, how to maximize revenue, how to maximize your average daily rate, how to build a team of virtual assistants to help with guest correspondence, and how to manage the cleaning and maintenance of the properties.

Connect with Mike:

Podcast: Short Term Rental Secrets

Websites: www.strsecrets.com

Instagram: @the_airbnbguy

Partner with us: www.pac3capital.com

Follow the show on Instagram: @themultifamilytakeoff