Go offline with the Player FM app!
#253 - Top lessons learned from scaling to over 200 properties - William & Shannon Powers
Manage episode 456146436 series 3560253
In this episode of Living Off Rentals, we have a guest who grew from zero properties to over 200 long term and short-term rentals.
William Powers and his daughter Shannon, share how they work together in the family business.
William started the business with very humble goals, and shares some of the key things he did that allowed him to scale it to an extremely profitable company.
Learn about the differences between their rent to own strategy and the short term rental strategy, both of which are key strategies in their business.
Enjoy the show!
Key Takeaways:
[00:00] Introducing William and Shannon Powers and their background
[02:09] Getting into the real estate
[08:17] Shift to rent-to-own strategy
[14:25] How much does it cost to set up properties?
[23:48] What does an ideal deal look like?
[28:00] William and Shannon's advice for first-time real estate investors
[37:43] Staying motivated after financial freedom
[42:01] Keep mistakes small, keep wins big
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
100 episodes
Manage episode 456146436 series 3560253
In this episode of Living Off Rentals, we have a guest who grew from zero properties to over 200 long term and short-term rentals.
William Powers and his daughter Shannon, share how they work together in the family business.
William started the business with very humble goals, and shares some of the key things he did that allowed him to scale it to an extremely profitable company.
Learn about the differences between their rent to own strategy and the short term rental strategy, both of which are key strategies in their business.
Enjoy the show!
Key Takeaways:
[00:00] Introducing William and Shannon Powers and their background
[02:09] Getting into the real estate
[08:17] Shift to rent-to-own strategy
[14:25] How much does it cost to set up properties?
[23:48] What does an ideal deal look like?
[28:00] William and Shannon's advice for first-time real estate investors
[37:43] Staying motivated after financial freedom
[42:01] Keep mistakes small, keep wins big
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
100 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.