#183 - Just Under $9,000 per Month Cash Flow on His First Deal - Aaron Spatz
Living Off Rentals
English - August 16, 2023 11:00 - 1 hour - 60.9 MBInvesting Business Entrepreneurship cashflow investing landlord propertymanagement rentalproperties passiveincome realestateinvesting Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Aaron Spatz is the principal of Olive Grove Investments, a senior consultant at Waypoint Technologies, and the director of marketing and communications at the Veteran Executives Network.
Aaron is a serial entrepreneur, making his transition into the real estate investing space a natural development. He connected with Kirby after seeing him speak about short-term rentals in a veteran community. He enrolled in Kirby’s First Vacation Rental Investment Blueprint program and found a fantastic deal that generates great income.
If you’re starting out in your investment journey, this is an episode you need to listen to. Aaron shares his story, the challenges he faced in finding a foothold in the short-term rental space, and the subsequent success he has experienced since. Tune in!
Key Takeaways
[0:00:00] Introducing Aaron Spatz and starting his short-term rental journey
[0:07:02] Finding his confidence to move forward
[0:10:03] Aaron’s amazing deal
[0:20:59] How Aaron moved forward and funded the deal
[0:27:04] Don’t overcomplicate the financial side of things
[0:30:38] Managing the process after closing the deal and rehabbing the property
[0:41:50] Furnishing the property
[0:45:53] On self-managing the property
[0:50:18] Unreasonable guests and working with Airbnb to remove their reviews
[0:56:10] Biggest lessons Aaron learned throughout his deal
[1:03:10] Closing remarks
Guest Links
LinkedIn – linkedin.com/in/aaronspatz
Landing Page – olivegroveinvestments.com/re
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
First Vacation Rental Investment Blueprint Program – livingoffrentals.com/first-vacation-rental-investment-blueprint