Podcast 279: Leveraging The Great Stay Recipe to earn up to six figures or more with Kim Cressell

Kim Cressell, coach, author, and consultant, has been involved in real estate rentals and property management for more than 20 years. Her work began with annual leased rentals in key cities, & then she learned how to double and sometimes even triple the rental income by switching to nightly, weekend and weekly rentals using available technology platforms such as Airbnb, VRBO, & Booking.com, among others.

She has earned and maintained Airbnb Superhost and VRBO Premier Partner status. In 2017, she was a founding partner in purchasing and transforming a vacant commercial property with three historically significant–yet vacant–buildings into a profitable, successful hybrid rental concept that became valued at two million dollars consisting of a boutique inn (with rooms listed on the major booking platforms), a coffee shop, a wine bar, and a small bookstore. That business–called The Reserve (now The Reserve Retreat)– went on to earn many regional and local awards, including “Best Bed & Breakfast,” “Best Business,” and “Best Coffee Shop,” and has been featured extensively in the news media. At one point, Kim had up to 10 short-term rentals at a time. Now, she focuses on helping others while enjoying the hosting lifestyle, along with her fiancé and two children. She has properties on the Gulf of Mexico and in the Blue Ridge Mountains of Virginia. She is the author of “How to Rent Your Home or Space on Airbnb and VRBO.

*DISCLAIMER – We are not giving any financial advice. Please DYOR*

(00:00 – 06:20) Opening Segment

– Kim is being introduced as the guest Host
– Kim shares something interesting about herself

 

(06:20 – 40:48) Leveraging The Great Stay Recipe to earn up to six figures or more

-Kim shares her personal story by hosting?/How did I get into this business?
-Kim talks about Great Stay Recipe
-She also shares How can listeners use this approach to maximize bookings and earn more rental income
-Kim shares Why should you be on more than one platform
-Kim talks about Which platforms add the greatest value
-She talks as well about What pitfalls have I learned over the last 20 years that I can help listeners avoid
-Kim shares her Top 5 Tips for Hosting
-Kime talks also Do you have to have a lot of technology or technology services to get started
-And specifically, what does a person need to get started
-Kim shares How can one assess whether a potential rental will be good or not?
-And what her services include

(40:48 – 47:30) Fire round

-Kim shares his investment strategy
-She also shares his favorite Finance, real estate book, or any related book
-She shares about the website and tools that he can recommend
-Kim’s advice to beginner investors
-Also she shares how she gives back

(47:30 – 48:49) Closing Segment

-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.

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