Ep 402 - Maximize Your Wealth with Boutique Short Term Rental Investments
Aug 28, 2023
Welcome, ladies, to the Real Estate InvestHER Show! Today, we delve into a powerful conversation with Tresa Todd about the world of boutique short-term rentals! Tresa is the founder of the Women’s Real Estate Investors Network (WREIN), the nation's largest learning and networking community for women real estate investors. She is an award-winning real estate investor, motivational speaker, podcast host, and bestselling author of Without Fear Of Her Future: A Women's Guide To Real Estate Investing. Tresa is a leading expert on financial confidence, multi-generational wealth building, and creating a life you love. Featured in Apartment Therapy, Medium's Authority Magazine, GOBankingRates, and various podcasts, she passionately inspires women to lead intentional and meaningful lives.
In this episode, Tresa dives into why she has chosen to focus on boutique short-term rentals as a strategy—a middle ground between regular and luxury options—located in Colorado, Texas, and Florida. Learn from her experience how to evaluate markets, price accordingly, and provide enjoyable experiences with games, outdoor areas, kitchen facilities, and bunk rooms for larger groups. She also discusses the pros and cons of hiring a third-party company to manage your property and stresses the importance of proper maintenance for multi-family properties. Tune in to this episode for creative themes, setting high expectations with housekeepers, and valuable lessons learned to build long-term wealth through short-term rentals in the real estate industry!
- “The key to have a successful short-term rental is to have best housekeepers and a fantastic handyman that is there on call to deal with the things that may go wrong.” (13:26 – 13:34)
- “Every single successful investor went back and forth to hell a couple of times, either during the purchase with nightmare guests or made mistakes throughout their career in order to become successful.” (20:30 – 21:45)
- “When you are having trouble with your properties, you don't go: “Oh, these don't work or they're too much work.” You just figure it out, and keep going." (26:47 – 26:52)
Connect with Tresa:
Instagram: @womensrein
LinkedIn: Tresa Todd
Facebook: Tresa Todd
Resources Mentioned:
- "The Power of Habit" by Charles Duhigg
- "The Power of One More" by Ed Mylett
- "Be Your Future Self Now" by Benjamin Hardy
How To Join the InvestHER Movement
InvestHER CON 2024 Austin, TX Omni Barton Creek Resort June 3-4 - "ALL IN – It’s Time to Thrive”
- Here is what you can expect at InvestHER CON 2024: Pre-event network, 2 full days of transformational experiences, access to over 20 Sessions with Keynotes and Speakers, recordings from all sessions, access to investors, mentors, and influencers, mindful networking, opportunities to connect with our sponsors + vendors, coffee and lunch included, Final Reception: Red Party, Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa, Exclusive Breakfast for STRIVE members only.
"InvestHer CON was truly a transformative experience. I have felt so alone for so long and now I feel like I have a community of support. I don’t have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at." - Heather Giammichele
Join us in. Get your ticket today https://www.therealestateinvesther.com/investhercon
2) InvestHER Community on Facebook : a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!
3)STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level.
APPLY today at https://www.therealestateinvesther.com/membership
4) InvestHER Meetups Around the Globe : attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you: https://www.therealestateinvesther.com/investhercon
5)The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here: https://podcasts.apple.com/us/podcast/the-real-estate-investher-show/id1346815972
6)InvestHER™ ORG with eXp : all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Schedule a discovery call: https://www.therealestateinvesther.com/investherorg
Take your business to the next level without losing your sanity!
Join STRIVE membership and get the support and accountability you need to take the next steps towards achieving your goals on your own terms
