How to Live Off Short Term Rentals with Kirby Atwell, Ep. 625

Multifamily Insights

After growing up in the south suburbs of Chicago, Kirby Atwell served 11 years on active duty in the U.S. military, first attending the United States Military Academy at West Point and then traveling the world as an officer in the Army. In 2011, he left the service and earned his MBA with a focus on real estate finance. While attending graduate school, he started his first real estate investment company, rehabbing over 100 properties either to flip or keep as rentals in the Chicago area.

Kirby, primarily focuses on investing in high-cash-flowing vacation rental properties. He owns a portfolio of vacation rentals in northern Indiana, where he lives on a 45-acre farm with his wife and young kids. He also helps others who work a full-time job to buy and set up their first high-cash-flowing vacation rental through his signature program called Your First Vacation Rental Investment Blueprint. Ten percent of all profits that he earns are donated to support veterans in need.

Kirby is the host of the Living Off Rentals podcast and YouTube channel, where he and other subject matter experts help equip listeners to achieve financial freedom through rental property investing.

In this episode, we talked to Kirby about his background and the differences between partnerships and joint ventures. He explains how he got started in short term rentals and the strategies he used to scale his business. Kirby also offers tips on managing short term rentals effectively. He describes how he helps others navigate the complexities of short term rentals and outlines his buying criteria in Michigan. Additionally, Kirby talks about his podcast, "Living Off Rentals".

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Insights into Short Term Rentals

02:33 Kirby talks about his background;

02:55 Partnership VS. Joint venture;

05:05 How he got into short term rentals;

08:29 Scaling in short term rentals;

10:53 Managing short term rentals;

15:08 How Kirby helps people with ins and outs of short term rentals;

18:28 Kirby’s buying criterias in Michigan;

23:54 Kirby talks about his podcast “Living Off Rentals”;

26:28 Round of insights;

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Round of Insights

Apparent Failure: Being naive with contractors in the beginning.

Digital Resource: Turno

Most Recommended Book: Effortless and Profit First for Real Estate Investing

Daily Habit: Fitness

#1 Insight for scaling a short term rental business: Get really clear on the outcome and make sure that the properties you are purchasing are the absolute best to achieve that clear outcome.

Best place to grab a bite in Valparaiso, Indiana: Stacks

Contact Kirby:

Visit www.livingoffrentals.com, www.dunedwellings.com, or www.greenvethomes.com for more info.

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