S5E18 Doctor by Day, Investor by Night: How Trace Heavener Balances Medicine & Real Estate

In this energetic episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen welcome Dr. Trace Heavener, D.O.—a gastroenterologist, real estate investor, family man, and ultramarathon runner. From Oklahoma to North Idaho, Trace shares his real-life journey of scaling a short-term rental portfolio while navigating the tax code, Airbnb headaches, and 100-mile races (yes, really).

We dive into:
🏠 How Trace and his wife scaled from one out-of-state Airbnb to managing three short-term rentals locally
📉 The real numbers behind tax savings using cost segregation and the short-term rental loophole
🚫 What Trace learned from a failed trailer park idea, a useless partnership agreement, and a water heater that “kind of works”
📦 Why going cheap on furniture is costing investors more in the long run (hello, Dyson > Shark)
🏃‍♂️ What it takes mentally and physically to complete a 100-mile ultra trail race
👨‍👩‍👧‍👦 Why control, systems, and lunch dates with your spouse matter just as much as ROI

Whether you’re a real estate investor, busy professional, or someone exploring how to build wealth and live with intention, this episode delivers both practical strategy and real human experience.

🔗 Connect with us:

Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShed
Nick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridge
Real Estate Website: northidahorei.com
Facebook: https://www.facebook.com/profile.php?id=100063653307069
Instagram: https://www.instagram.com/theinvestorshed/

Timestamps (optional if you're using chapters on YouTube):
00:00 – Pre-show banter & name butchering
04:00 – Meet Trace Heavener, D.O. and his journey to North Idaho
07:00 – First Airbnb & early investing lessons
10:00 – Partnership flops, 1031 fail, and chasing shiny objects
17:00 – Tax strategy: real estate professional vs. STR loophole
23:00 – Airbnb management stories (yes, keg parties happen)
32:00 – Pools, hot tubs, and insurance issues
36:00 – Furnishing for 5-star reviews & managing expectations
42:00 – Analyzing deals and outperforming AirDNA
47:00 – Running a sub-3-hour marathon and prepping for 100 miles
55:00 – Sleep deprivation, hallucinations & mental toughness
1:00:00 – Real estate market insights & investing in new builds
1:04:00 – Final thoughts on control, learning by doing, and teamwork

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