Weiss Advice Yonah Weiss

Lauren Stewart is a dermatology PA turned real estate investor and backyard homesteader. She’s a builder of relaxation, turning normal cabins into restful retreats for the last 3 years and running a successful short-term rental business where she turned a $100k investment into a $1.6 million dollar business. She discusses that it’s not easy to be successful in real estate, but with the commitment to learn, work hard, and use resources like online forums and books, they’ve been able to grow her business rapidly. 

[00:01 - 04:31] Opening Segment
Let’s get to know Lauren Stewart!Lauren discusses how she got into real estateShe referenced, “Bigger Pockets Podcast”[04:32 - 21:32] How To Turn A Small Investment In Short Term Rentals Turned Into A Million Dollar Business
Lauren discusses how they bought and renovated short term propertiesShe wanted to replace her professional income with passive incomeIt takes time and discipline to build up savings and assetsShe shares that it’s important to think about your future [21:33 - 29:08] THE FINAL FOUR
What's the worst job that you ever had?When she worked as a summer camp counselorWhat's a book you've read that has given you a paradigm shift?"Die with Zero Regrets" by Bill PerkinsWhat is a skill or talent that you would like to learn?She wants to relearn how to play the guitar and try to reincorporating that into her lifeWhat does success mean to you?Lauren says that, “Success is being in a place in life where you can control your time and you can decide who you want to spend it with and how you want to spend it.”
Connect with Lauren
Instagram: https://www.instagram.com/realestatechicken/
Facebook: https://www.facebook.com/restfulretreats   

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Tweetable Quotes:
“The ultimate goal for us is can we replace our w two income with passive income through real estate and allow us to have the financial and time freedom. The freedom to control their own.” – Lauren Stewart
 “Success is being in a place in life where you can control your time and you can decide who you want to spend it with and how you want to spend it, and not having to worry about the ramifications of that.” – Lauren Stewart
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What strategies did Tim Grillot implement to achieve success in his short-term and long-term rental businesses? In this episode of Weiss Advice, we welcome Tim Grillot, Tim is the proud owner of six STRs (four in the Smokies and two in Gulf Shores) and eleven LTRs. He began investing in real estate at the age of seventeen. His passion for providing people with quality accommodations for their vacations and wonderful homes to love has led him to make the move away from a lucrative career as an executive to a position as an agent at the short-term shop.


Tune in to this episode as Tim Grillot reveals his insight on supply chain logistics, identifying markets with growth potential!


[00:01 - 02:21] Opening Segment
We welcome, Tim Grillot!Tim is a real estate investor, short-term rental owner, and real estate agent from the Smokey Mountains of TennesseeHe was in the W2 world for 16 years before transitioning to full-time real estate

[02:22 - 25:56] Building An Empire Of Short-Term And Long-Term Rentals
How he bought his first house and became an accidental landlordObsessed with owning a vacation propertyHow he and his wife sold everything and moved into an RV to embrace the simple lifeThe division of labor between him and his wifeBuilding a house hack-type situation in Ten

[25:57 - 31:23] THE FINAL FOUR
What's the worst job that you ever had?Worked on a carwash washing semi-trucksWhat's a book you've read that has given you a paradigm shift?“The Go-Giver” By Bob Burg and John David MannWhat is a skill or talent that you would like to learn?Learn how to play an instrumentWhat does success mean to you?Tim Grillot says, “Finding the right balance in your life and finding your purpose.”

Connect with Tim Grillot: 
Facebook: Tim Grillot




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WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.


Tweetable Quotes:
“We're put on this planet to work and serve people and I'm a big believer in that. And, so now it's more about getting fulfillment out to what we do and we really enjoy hosting people and we really enjoy, honestly making a nice place for people to live with our long-term rentals.” – Tim Grillot


“People do things in their life that they enjoy all the time and spend money on it and don't worry about it. And for us, we've just kind of turned this real estate investing into something we enjoy.” – Tim Grillot



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Avery Carl is the CEO & Founder of The Short-Term Shop. Avery Carl was named one of Wall Street Journal's Top 100 and Newsweek's Top 500 agents in 2020. She and her team at The Short Term Shop focus exclusively on Vacation Rental and Short Term Rental clients.

Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 30 properties, Avery specializes in connecting investors with short-term rentals with the highest ROI potential and then training them to manage their short-term rental from their smartphone from anywhere in the world.
 
[00:01 – 09:46] Short-Term Rentals
Avery talks about how they found out about Short-Term RentalsThe Smoky Mountains – why short-term rentals are booming there.What makes short-term rentals more attractive than other types of rentals?[09:47 – 14:23] Third-Party Apps
Associating short-term rentals with third-party apps (Airbnb, Vrbo, etc.)[14:24 – 21:56] Join the Short-Term Rentals Space
Interested in investing in short-term rentals? Listen to Avery's advice just for you!Emerging markets that you should keep an eye on.Scaling the business – how Avery and her team are keeping their business growing.[21:46 – 27:48] THE FINAL FOUR
Avery talks about her background.What's the worst job that you ever had?In college, I worked at a gym and practically was a 'personal trainer.'What's a book you've read that has given you a paradigm shift?The Obstacle Is the Way by Ryan HolidayWhat is a skill or talent that you would like to learn?Stand-up paddleboarding.What does success mean to you?The freedom of time.Connect with Avery. Links available below. 
Tweetable Quotes:
"The only reason you're feeling [a certain] way is because you're allowing yourself to feel this way." – Avery Carl
You can connect with Avery on https://theshorttermshop.com/. You can follow The Short Term Shop on Instagram or join their Facebook group.



LEAVE A 5-STAR REVIEW by clicking this link.




WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Support the show

How does embracing diversification in business and personal life lead to unexpected success and resilience? In this episode, Yonah engages with the multifaceted Linda Lim, whose journey from finance to real estate and beyond illustrates the power of diversification. Lim shares her experiences, from Wall Street trading to developing resorts in Bali and embarking on ventures in logistics and food packaging. Their discussion delves into the significance of risk mitigation, the intricacies of international business, and the impact of personal growth on professional success. Lim exemplifies how diversification isn't just a financial strategy but a life philosophy, driving innovation, stability, and personal fulfillment.
[00:01 - 06:13] From Finance to Real Estate
Lim's transition from finance to real estateThe role of education and early career experiencesThe move from banking to building and developing real estate[06:14 - 12:02] Building a Global Portfolio
Developing resorts in Bali and diversifying into logisticsThe importance of asset class and geographical diversificationHow the COVID-19 pandemic highlighted the need for adaptable business strategies[12:03 - 18:01] Navigating International Waters
Expanding into new markets like Mexico and New MexicoThe blend of real estate development and logistics for business growthInsights into the attainable housing market and its stability[18:01 - 25:24] Bridging Cultures Through Food
Lim's journey into the food industry with a focus on Indonesian cuisineThe challenges and triumphs of introducing new food products to the marketThe role of cultural appreciation and personal passion in business[25:25 - 33:53] Personal Insights and Professional Wisdom
Lim's reflections on life, business, and personal growthThe conversation on the essential nature of compassion and continuous learningClosing thoughts on defining success and the path forward

Connect with Linda:


Website: essentialelementcapital.com
LinkedIn: https://www.linkedin.com/in/lindalim88/
Instagram: https://www.instagram.com/essentialelementcapital/


LEAVE A 5-STAR REVIEW by clicking this link.


WHERE CAN I LEARN MORE?


Be sure to follow me on the below platforms:


Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.


LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com


None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.


Tweetable Quotes:
"In risk mitigation, diversification is the way to go. No one can predict the market." - Linda Lim
"If I'm able to create constant positive transformation in my life, that's to me is already a success." - Linda Lim
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How can a career pivot during uncertain times, like the COVID-19 pandemic, lead to discovering new passions and successful entrepreneurial ventures in the real estate industry?
In this episode, Yonah converses with dynamic duo Matthew Byrnes and Brandon Rickman, who share their journey from different professional backgrounds into forming a robust partnership in the real estate sector. Both guests unravel their paths of career transformation, highlighting the impact of COVID-19 on their professional lives and how it led to the inception of their current real estate and private lending business. They delve into the nuances of private lending, the importance of networking and trust in the industry, and their visions for future business growth.


[00:01 - 07:20] Pivoting Paths to Partnership
Matthew's transition from film to real estate during COVID-19Meeting and forming a business relationship with BrandonInitial ventures in wholesale real estate and moving to private lending

[07:21 - 14:35] Understanding Private Lending
The concept of private lending and how it differs from institutional and hard money loansThe strategic advantages of private loans in real estate investmentsChallenges and opportunities in the private lending space

[14:36 - 21:48] Business Growth and Strategy
The evolution of their lending business and capital raising effortsShifting focus from film industry contacts to broader investment sourcesThe importance of diversification and liquidity in their business model

[21:49 - 28:00] Market Insights and Economic Impact
Real estate market trends and the effect of economic changesAdjusting business strategies in response to market dynamicsExpectations for the future of the real estate market

[28:01 - 35:19] Looking Ahead: Aspirations and Realities
Long-term goals for their business and personal developmentThe concept of success and what it means to them personally and professionallyReflections on past experiences and lessons learned

Connect with Brandon and Matthew:
Website: www.prolendcapital.com
Facebook: https://www.facebook.com/profile.php?id=61550527497995
IG: @prolend_capital


LEAVE A 5-STAR REVIEW by clicking this link.


WHERE CAN I LEARN MORE?


Be sure to follow me on the below platforms:


Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.


LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com


None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.


Tweetable Quote:

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What is the one critical factor that can make or break your success as a passive real estate investor? 
In this episode, Yonah sits down with the multi-talented K Trevor Thompson, a man with a diverse background spanning from working at Ripley's Believe It or Not to opening 46 iFly Indoor Skydiving locations. He shares his journey into real estate investing, emphasizing the importance of the "who" over the "what" when it comes to choosing the right investment opportunities. Trevor discusses the power of diversification, the lessons learned from deals that didn't go as planned, and the importance of setting ambitious goals. 

[00:01 - 06:08] From Guinness World Records to Real Estate
Trevor's diverse career backgroundThe importance of taking action on inspiration, rather than just being inspiredTrevor's transition into real estate investing after reading Rich Dad, Poor Dad[06:09 - 13:55] The Power of Passive Investing
The importance of the "who" over the "what" when choosing investment opportunitiesDiversifying investments across different asset classes, locations, and risk levelsThe benefits of investing in deals with preferred payments and waterfalls[13:56 - 20:22] The Eighth Wonder of the World
The power of compounding investments over timeThe importance of staying in a W2 job while growing wealthThe benefits of having a supportive partner on your real estate journey[20:23 - 26:00] Lessons Learned from Deals Gone Wrong
The impact of rapidly increasing interest rates on real estate dealsThe importance of adequate reserves and fixed debt in mitigating riskThe value of experienced and skilled asset management teams[26:01 - 32:27] The Key to Success in Real Estate Investing
The importance of setting ambitious goalsHow to help people reach financial independence through real estate investingThe value of sharing knowledge and inspiring others to take action in their investment journey

Connect with Trevor:


LinkedIn: https://www.linkedin.com/in/ktrevorthompson/
Instagram: https://www.instagram.com/kttniagarainvestment/ 
Facebook: http://www.facebook.com/groups/earnandlearnwithrealestateinvesting/


LEAVE A 5-STAR REVIEW by clicking this link.


WHERE CAN I LEARN MORE?


Be sure to follow me on the below platforms:


Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.


LinkedIn
Youtube
Exclusive Facebook Group
www.yonahweiss.com


None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.


Tweetable Quote:


"I think the biggest lesson I've learned in life is the who is way more important than the what." - K. Trevor Thompson
Support the show