Episode 147 - Winning in the Short-Term Rental Space With Julie Gates

Doing what you love while making enough to secure your family’s financial future may seem like two impossible concepts, but our guest today shares how anyone can make it a reality! In this enlightening episode, Julie Gates dives deep into her journey to becoming a real estate expert and short-term rental jack-of-all-trades. As a real estate investor, agent, business owner, and property manager, Julie is abundant with wisdom about the world of short-term rentals and financial independence.  

With her “no excuses” mentality, Julie is relentless in preaching the power of taking action, pursuing huge goals, and finding a real estate community to flourish in the industry. This episode highlights the importance of value appreciation over the years and why it should compel anyone to invest as soon as possible. While Julie’s expertise lies in cash flowing in Savannah, Georgia, her experience provides valuable insights on topics such as claiming insurance on rentals, optimizing processes for property management, and financially navigating your first real estate deal.  

Whether you’re finding your footing as an investor or looking to expand your operations, this episode might be what you need to set you down a path for financial freedom for the rest of your life! 

 
PODCAST HIGHLIGHTS:
[5:30] Getting Started With Financial Freedom
[7:20] Skip Grad School and Start With Real Estate?
[14:05] On Buying a Commercial Building
[18:10] How Julie Built Her Real Estate Network From Scratch
[22:05] Julie’s Lightbulb Moment for Long-Term Wealth
[28:55] On Launching a Short-Term Rental Management Company
[32:00] What’s the Deal With Short-Term Rentals in 2023
[35:00] Buying Properties for STRs 101
[42:30] How to Optimize Short-Term Rental Management
[45:45] The First Real Deal in 2016
[50:00] Is It Normal to Lose Money on First Real Estate Deal
[54:22] On Cashflowing a Hotel
[1:00:10] Words of Wisdom

HOSTS   
Craig Curelop   
📸 IG: https://www.instagram.com/thefiguy   
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy   
🏘️ Buy Real Estate: https://bit.ly/3V3QDze

Ali Garced
📸 IG: https://www.instagram.com/ali_the_agent/ 
📱Facebook: https://www.facebook.com/aligarced 
💼 Linkedin: https://www.linkedin.com/in/alexandragarced/ 
🖥 Website: https://www.garcedrealty.com/ 

GUEST 
Julie Gates
📸 IG: https://www.instagram.com/sidwashere912/ 
💼 Linkedin: https://www.linkedin.com/in/juliegates31405/ 
💻 Website: https://sidwashere.com/   
💻 Team 912 Website: https://team912.com/ 
🎙️Podcast: https://taplink.cc/cashflowsavannahpodcast 
📱Facebook: https://web.facebook.com/SidWasHere