1st AirBnB ZONING in their City with Laddie and Shelley James

2023-06-02

Discover how a disaster transformed a single-family home into a thriving short-term rental property, generating increased cash flow and added value to the property. Laddie and Shelley James have been actively involved in Saskatoon and area investing in real estate for over 25 years. In this episode, Laddie and Shelley discuss their "first date principle" for managing their real estate investments, their innovative lead generation tool, and how they transformed a single-family home into a profitable Airbnb that generates more income than their property in...

Discover how a disaster transformed a single-family home into a thriving short-term rental property, generating increased cash flow and added value to the property.

Laddie and Shelley James have been actively involved in Saskatoon and area investing in real estate for over 25 years.

In this episode, Laddie and Shelley discuss their "first date principle" for managing their real estate investments, their innovative lead generation tool, and how they transformed a single-family home into a profitable Airbnb that generates more income than their property in another city.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you will learn from this episode for 25 minutes:

Find out a market location that doesn't have tight rental control enabling you to increase rents according to fair market value
Discover an investment portfolio that allows for increased property value and higher cash flows
Discover how to utilize a book as an effective lead generation tool.

Resources:

Looking for real estate ideas? Click here: https://laddieandshelley.com/

Topics Covered:

00:58 - How she started in real estate, first investment property, what is included in their portfolio now

03:10 - Juggling all other businesses on top of real estate

04:22 -What their portfolio consist of and the key factors to consider when choosing them

07:06 - Is there tight rental controls where there properties are located?[plus, sharing about their 'first date principle']

09:37 - The key to the 'first date principle' and their 3 C's to married life and business relationships

13:40 - Becoming the first one to own a home legalized as Airbnb in Saskatchewan

17:22 - How does owning an Airbnb in Saskatchewan compare to owning one in Calgary in terms of cash flow?

19:55 - How does publishing a book impact one as an author and real estate investor [plus, how to utilize it for marketing and lead generation]

24:33 - Laddie's added feather in the cap

Key Takeaways:

"I think the definition of an entrepreneur is to never stop working 24/7, but still loving it." - Shelley James

“Seeing the amount of money that you could make, it was a little bit harder in Calgary in an apartment type situation. But in the house here with the two suites, the income is significantly greater than we could have ever made as, as a single family home.” - Shelley James

"Ultimately, your house isn't really worth anything. It's the person who's in it that's worth something."- Laddie James

"It [becoming a book author] gives you credibility that you don't get any other way."- Laddie James

Connect with Laddie and Shelley James: