33: Make Money In The Sharing Economy, Part 1 with J Massey

Today’s guest sees “oceans of opportunity” everywhere! J Massey was all but “retired” at the age of 38, when one of his students asked what he knew about short-term rentals.  While the answer at the time was, “not very much”, he started looking into the model and was astounded at the opportunities. Today J runs a 34 unit short-term rental business,  and runs a training company  known as Cashflow Diary, helping others to get established and grow in the industry. In this, Part 1 of 2 episodes with J, you’ll hear; What’s now driving the short term rental market, The multiple income sources you can set up to create earnings over and above the nightly rent, How you can establish a short term rental side hustle without even owning a property, And other income opportunities outside of the real estate space, but in the shared economy J also shares his “super secret” of how he bought and sold over 200 properties each in 72 hours or less, earning him between $2000 and $26,000 “ per property. You’re sure to have lightbulb moments, as you listen to my conversation with today’s side hustle hero, J Massey.   What You’ll Hear: 03:35 Needing to eat was a strong motivation 05:06 How we talk ourselves out of moving forward 06:50 How J bought and sold properties within 72 hours…200 times 10:28 J feels is the perfect time to get into real estate 11:10 Oceans of opportunity exist today 13:35 The way real estate is being used is changing 16:40 Set yourself up so that your income is no longer tied to your labour nor a clock 17:40 Earn money from idle assets that you already own 20:00 Keep “screening, safety, and security” in the forefront when renting out your assets 21:30 View your short-term rental (STR) properties as a “distribution” service to maximize revenue 26:00 Get into the STR business without owning the properties 28:09 Dealing with pushback from landlords when trying to lease properties 30:47 How to look at the new rules, regulations, ordinances concerning STR’s   Connect with J Massey: https://cashflowdiary.com/ https://www.instagram.com/cashflowdiary/ J’s Short-Term Rental Blueprint Course https://cashflowdiary.com/blueprint/ Connect with Joan: https://www.instagram.com/joanposivy/ https://www.facebook.com/posivy/ https://www.joanposivy.com/ Be on the show! https://www.joanposivy.com/be-our-guest.html