You are listening to the gold digger about guest episode. Number two hundred and one I never thought He would own a rental property, especially in Hawaii becoming a realist, my goal is never our plan, and yet here we are and yourselves with not just wine but to properties in a different time zone that we are managing from afar. There are two good you're, condos unmanly and day. I want to walk you through why we made the decision to invest in, invest again. What our plan is for the future, how It's been renting out our property tips for running a great rental property, Aubrey down the numbers Oh sure, why we love real estate before it, I live on in two days. Review is from duty free and its titled up says. This is by far my favorite podcast, every episode is filled with practical steps for success, as well as inspiration to fuel my soul. I've recommended this podcast, whom

entire tribe of makers in boss babes, because this is the best resource around. Thank you, general report, into our businesses, you are literally changing lives. This means oh much Jimmy Judy end. If you guys are tuning in today, and you want to help out the show, would you just take a quick screen? Shot of you listening to the gold digger podcast posted up on social media and tag so that we can connected you and you see where you guys are from and what your listening to it seriously help spread the word about gold digger, and it's a really easy way to give back to us. I promise world. And really hard to create. This content bore you so without for their adieu leds dive on into the world of AIR Bambi Your listening to the gold digger podcast, where we firmly believe that work doesn't have to feel like work self

made millionaire in marketing guru, Jenna Kutcher will help. You read the fine. What success looks like it's time to hear from the experts? Listen in on honest conversations and learn the best tips and tricks to help others pay their own way and craft their dream career if you're ready to dig in, do the work and tackle your biggest goals, you're in the right place. Here's your host educator, photographer and Makin cheese lover, Jenna culture. Thank you to push mark for the gold, digger, love, Download, the free posh mark app and sharp millions of closets for great deals on the brains. You love passion, work is giving gold digger listeners five dollars off your first purchase use the gold digger five. When you sign up download the free posh mark up and enter gold digger five Today's episode is powered by Capella University Capelli.

Universities Award winning learning format. Flex path allows you to run your business, live your life, and earn your degree schedule your courses set your own deadlines and, with flex past subscription model the faster you move, the more money you save, try flex path, first hand with propellers. Retrial course at Capella, DOT, Eddie slash Jenna. Two years ago a dream came true: I had a vision of drew nigh spending a month in one place other than where we lived resting and stepping away from work, and it was the first time however, in my entire business that I took a true sabbatical, a year earlier we had fallen in love with Maui in instead of going somewhere knew. We wanted to go back because we had done all of those tourists tea things that where the mice tabs and we just wanted to live there and relax, I mean, if you ve, ever

to the island. You know it just like steals a piece of your heart, an you dream about it pretty much. Every day we both this tiny. Little studio apartment on European Bee and planned are get away. The place was absolutely nothing fancy, but it was perfect for the month now before you think. All in my speech, so nice to spend a month on an island. We had to make a ton of sacrifices to make this happen. Let's free wind, a little bit to share where this vision came from areas. At this workshop, as speaking and whenever I, to speak at workshops. I always try to attend as many other taxes. I can because trust me I need to be inspired to. And I remember sitting down and my friend Shanna Skidmore, who is on these podcast, was talking about like what does success, look like for you, was it a certain number? Is it the way you spend your time and I

I'm writing down this vision for our lives. That included chill in and travelling for a month after the year and just really mean King rest, a priority, and I realize, like I, don't- have to wait tat kids to make this happen. Away until I have a million a year to make this a possibility and social I'm just to really look at that goal. And then to do the research the research and figure out? How much does that actually cost? when I sat down and I costed the whole thing out for plane, tickets and rental car in an area. Be it honestly wasn't that much more expensive than our ten day vacation had been the year before I mean we weren't going on helicopter tours or a whale watching boat rides. We just wanted to be there so it got my wheels turning, but there was one huge catch in order.

To go for an entire month drew had to quit his ninety five job. It's kind of a big catch right, so I really started to push him to make moves towards starting his own business. I mean I'd better motivation. Could there be than saying if you do this, we go live on an island for a month. Now the year, leading up to this about or coal, we worked really hard. We save our money, we planned out a trip and we may, sure that we were able to step away from the businesses that we had built now, one day that I love about this business. Is that its afforded me so many opportunities, but it also has many evil shoe kind of get back to my family. I think there's nothing more beautiful than building something that not just serves you.

But serves others, and so my parents are kind of bucket was people in mom. I know you're listening to this show by don't get mad at me, but I feel like some I'm they live in the some day, type mentality and they're. Getting better ironic. Some pushing them under their shall more, and I mean they're, just brilliant people as well, but I remember thinking wouldn't be sue to? Have my parents come out to all I because Hawaii had been on their Sunday list for a long time, and so I told them I said: if I pay for your plane tickets, would you guys come out to the island while we're there? I think you guys really deserve I loved to do this, for you they obviously said yes and so towards that end. Vacation drew and I had already been there for a few weeks. We have just voted in love with the island in the law So we had out there my pain,

scheme long in a kind of started as a joke, which I'm realising is a trend in my life. You know a joke with his underline current of maybe you and we tie tonight barons who he said you know we really want to do this. Every year like this has been so good for eyes for our marriage for our sanity, just to take a step away from business to relax and we love Maui in so we attacked my parents, whose and you know what would it look like if we bought a kind of like I wonder if we could rented? Ah, I wonder, people with com. What would it be like to own a piece of islands live in appearance over the years with my crazy ideas have begun to just subscribe to the things that come out of my mouth, and so my parents, lessons I serve, and I mean I think selfishly so to their legs sweet. We may have a place to come visit on the island and so well parents were in town or we were just going

driving up and down the road between their hotel and where we were staying in there is all these open how signs, and so my dad just pulls a quick. U turn go into an open house. It was first studio apartment. It was definitely super. Super small and not exactly what we are and visionary by its kind about the wheels, learning so ass. You are driving the beach sad day. I was on my phone and I pulled up Zilla and I started looking at different properties in there is so much. I didn't know about island property, and so I wired about one in within about five minutes, a real it's called and he said, some showings for us for the following day talk about moving quick right. I mean I think, they're used to it because vacationing get this idea in the novel limited amount of days to make a decision the following day: we went inside a few different units and we saw the one that eventually became the culture condom now. The unit

who owned by a very sweet old couple who had, unfortunately passed away and there Children were now the owners and they want nothing to do with it, and so they were to sell their little size of the islands, and we were super interested on the island. You have to move pretty quickly and so think about a day we had got in and offer now to give you a little bit of perspective. Are six hundred square Foot Hawaii Condo cost more than the entire home that we owned in West, sin on a river, and it was shocking and I have learned to make very calculated in my life and in my business, but my husband, other hand is the more cautious one. We definitely balance each other out and so I remember that day we were driving and as I shall we do it like. I felt this like pit in my stomach, which was either excitement or nerves or a mix of both

and I could tell that drew- is feeling brochure not just for me, for my barons is while we were all in. We were super excited about it in here, my c as it was like what are we doing? This is crazy, like many other times in our life in intermarriages. That baby just have to trust me so human. I went to our favorite coffee shop on the islands and I brought a piece of paper and a pen and I started to write down all of the nuts, hours. I ran the numbers and we were at a place I naturally where we had been saving pretty much every dollar that was coming in, and so we were able to pay cash for the car no, and so I knew we wouldn't have to take our lending or have a mortgage, and I, also knew that within eight years time, based on my predictions, everything would become profit. We would pay. If that initial investment in at the age of thirty eight everything beyond doubt, would be profit and so

we want in our offer and we actually ended up getting too and accepted offer and when we closed honour condo, we weren't even on the islands now fast forward, few. Today, it's over a year since we bought our first condo and we actually recently closed on a second Kutcher Condi, a billion more about that decision, but it's in the same complex just the next building over and we bought it from a real sweet couple, Bob and Carroll who owned it for eighteen years now I never However, in a million years ever thought that real estate would become a part of my business or our lives, and yet it's been one of the most fun pieces of what we are currently doing. Not only do we own real estate on an island, but we get to share that with our followers and our fans and

create a space that allows people to rest, and it's been a theme in our lives for as long as I can remember, either lack of rice or desire for rest or actually resting, which doesn't happen. Often enough, but we have really enjoyed that. We get so many questions about what is like to own property and how do we get into it? And so let me just I've on in So things that you want to consider before buying a rental property are location. Is it in a place that people visit are their successful, rentals in that area. Is it a desire although case Shan would rentals have to season all is the place you yourself want to visit, and then you want to look at the type of property? Is it a car? dough: are there each away fees? Who does property maintenance is? It is and alone home. What do the taxes look like? Next, you anything budget. What are you willing to spend

How long will it take you to urge that investment back? Is it worth spending more in order to get a bigger space where more people can rent it and then work how much work needs to be done or you can rent it out? Well, work increase the amount you can charge as a so? How long will it take to complete the work? When can the work be performed tenants do you want short term or long term rentals. How will you screen people before they stay there. How do you plan to protect the space rates? What will you charge of what are comparable rentals listed at? What is the occupants e rates? What are the high seasons and the low seasons, and how does that impact your profits and marketing? How will you market this space, whose Araby and be V Archeo home away? Are you going to create a separate booking system? Do you have any audiences that you can currently leverage now we

also have to learn a lot about hawaiian laws like the fact that we have to have a proper manager on islands? We have defined cleaners, we have to with our age a way to ensure that everything was transferred over two eyes and Overall, we were able to use referrals from our amazing real iter, who we worked with now twice we found a manager that was willing to work with us in the way that we saw best for the property. So when it came two renting it out? We had a few different options. We could a rental management company, do everything for us, so they would manage bookings, communicate with gas and beyond call for any needs. They would then take a cut of our income as a payment. Now the units that were in our short term rental only meaning that they are just for vacation, there's so people privately owned them, but it is recognised as a short term rental plays meaning

almost operates as a hotel, so we had the option to use the office that on site and they would fill up our unit based on their requests. But we didn't want to go that rule because one they would take a cut of our profits, but you nothing was guaranteed because, as a request comes in, they just fill up and available unit. So there's no guarantee how often your It would be rent it out, so we wanted to manage the booking and communicate with our guys, because we wanted to give them a great experience. Are entrepreneurs? Will experience has shown that being in contact with gas, they wanted access to us and we wanted to make sure we have that, but our on island manager handles scheduling the cleaners, managing any maintenance needs and they serve as our person who is on island and on com. Now the option we chose gave us the highest profit margins, while also giving us peace of mind and less to coordinate

our end and we locked out with are amazing property manager, because we really like him and we love to see him when we go and visit, we think we're pretty easy to work with Adena. Hopefully you think so drew, was willing to take on the majority of the work when it comes to bookings. So basically, he logs into urban, be daily sends out All communication to our gas? He has a spreadsheet based on time of arrival time of departure and when the Congo will be clean and flip for the next gas, and then he serves as a point person as people plan their trips. Now I, also love to chime on in with recommendations and say hello to our gas, since so many of them are followers and fans of ours, we also create.

In general jurists, style and entire website for our condo and as separate instagram meander. I know I'm a freak by the website. The culture condo dot com serves not only as a place where people to check out our space, but also shares all of our favorite thing. About Maui. So we often get asked by people for recommendations, weathers adventures. Restaurants, beach is activities, and we wanted to do have line landing page for when people ask us for what our favorites are in. So it's been so fine to put it. Together with a beautiful branded website. Because I'm a freak when it comes to branding and, of course,

we run our answer Grammy at all, which has over seventeen thousand valuers, which is crazy. I mean a condo as that many followers, but we love did you have this space, where our gas can tag us when they say with, as we can kind of share what's going on in our world now, when it came to designing this space. We ran into a lot of surprise says so Canada that we bought had good bones. It's a very like a vintage. Development, so the buildings are paying, the roofs are like turquoise. We kind of love that there is a lot of things that we weren't quite expecting. So, while the bones of the unit were good, we still ran into a lot of surprises, so number one. It's really hard to find things that shit to the island. So your more confined to a certainty, websites and- anything that is available on the island itself, so instead being they show that we were getting to the point where we pick something out. We get

to the point where we would pick something out, we get in the car and we put in the zip code, and then they don't go there. I've things land our condo when we weren't there, so we had his ship everything to our manager, which was actually everything to our manager, which was actually hold areas, because I like hey or ordering just a few things send your house, and then he sent me a photo them stay of a tower of boxes that was higher than him. Any was like what he who ordering and then we had to get it to our union and up the stairs, which was a process, but we made it now also not allow Things are done to code in Hawaii, so we had some really interesting discoveries with plumbing electrical, the angles of building and how everything was laid out and our contract

here is that we were hiring were really unreliable, which added to the stress and the budget of our upgrades, I mean think about it. They have the option to go surfing or go to work like what Would you choose, and so we were so used to people showing up when they said they would and we just so frustrating, because when we flew down there, we had ten days to flip the space and people weren't showing up and we were like what are we gonna do like this has to be done in ten days or we can't even rent it, out now we worked with my friend Emily from Crisp Interior she's, been on the pod gas, which was the biggest blessing in the world. Old, Emily had taken a course of mine. She saw that we bought the Congo and she extended an amazing offer, which we talk about inner apis and so she helped as planned this cohesive space without breaking the bank, and she was the ultimate sore sir. When it came to. Getting things from target and finding it.

On island a pure one and things like that to make the space beautiful and functional and super super simplistic. And lastly, we had to choose things that would last a long time or be easily replaced and more who's luydens. That would make for a minimal rental space, but something that still felt like home, and so we and a really be wise about our purchases and say I go. Do we want to spur John? What are we gonna go a little cheaper on, but will probably have to replace you really have to stock up on extra like towels and sheets and bedding, so that you can prepare and have multiples of everything so that your cleaners or if your cleaning yourself can flip the space quickly for the next guests. Now we also, The to incorporate a few things are reminded people that we jenna in drew where the owners of the condom, and so we included sue photos

of ice, and then I went a little overboard at the branding and got things like branded billows and mugs and surfboard with our logo on its those little personal touches, along with of our drone shots made it really fine for I still sand, but also neutral enough for gas, while reminding them that, like to real hard working humans own the space, because we see that european bees and their total ages entirely bear. There's no personality there, but we He knew that a lot of people out we're going to stay with us. They knew who we were. They had followed our journey. We want you remind them kindly like this is our home to without it being in your face, and so I think we found the balance with that. Remember when the only way to earn your college degree was sitting in a classroom pudding

two or four or more years of work in a lecture hall with little time for anything else, especially running a business gold diggers compelling universities, flax path, learning format you can. First, you're degree on your schedule with your own deadlines and even at your own cost. This award winning learning format, is ideal for entrepreneurs, because you can gradual your courses and set your own deadlines around your life flax bath, gives you their freedom and flexibility to move through the courses at your own speed. That means you can still run your business and still a real life all while earning your degree and with their subscript based tuition model, the faster you move through the courses, the more money you ll, save it's a built in two major capacity University is reshaping education, so you can really live and learn. I'm so excited that Capella is offering the gold digger audience of free flax path trial course, so you can see for yourselves. Try it at capella

dot EU slash. Jenna, that's Capello don t you slash. Jenna majors to push mark for supporting gold digger with the free posh mark up. You can score big deals on clothing, shoes and accessories for women and men and kids scrolling down app is like shopping thousands of closets. I just favoured it a new with tags, wool parka from J Crew List four hundred and fifty dollars less than its retail price, I found so many good deals on lightly use handbags vintage items cosy. Without tag sweaters from major brands, and, oh, my goodness, I swear. I found the cute Little Canada, goose, baby, snow suit. Brian knew for twenty five percent, less than what it costs in stores. I can already picture baby, could beacon, From the big, warm hood, honest, snowy, Minnesota Dame I love that you can make the seller and offer and get an even better deal. Posh mark me

so really easy to list your own items to say you can cash in on the clothes that you don't wear any more and shipping is vast and simple hush mark is giving gold digger listeners five dollars off your first purchase use echoed gold your five when you sign up download the report, marked app and enter the code. Gold digger five. So, let's talk about the profitability break breakdown, so we have been super fortunate to use our platforms partnered with beautiful images to get our property scene and rented on Araby in Vienna. We love Araby and be it's been just a really great platform, are amazing. When it comes to screening people in collecting payments, they make everything so easy on us

our overall occupancy rate or the percentage of days that were books out for the year, is ninety percent and even closer to ninety five percent, which is a pretty insane, and we have plans to continue to get that as close to a hundred percent as possible. So we are really really books, this is part of the reason why we ended up buying a second unit is we're like we are, so bugged is almost hard for us to get there We haven't had any like open weeks to give to our family or friends, and we knew there is proof in what's happened for us that we can make a second unit also work for us, and so were all so able to charge a little bit higher rates because our space is so full and we have people who want to specifically stay at our place because it's ours, so there is kind of this quote it factor and it kind of went to punch myself in the face. When I say

that, but there are people that are really interested, that they want to support us and stay in our space, and so I now allows us with the laws of supply and demand to charge a little bit more than the average rental in our area, because we were able to be cast for both of our condos, which has been such a blessed sang with our first verges. It literally drained our bank, account like we were actually down to pending is, and it was very stressful. I just remember thinking like I'm running Rama noodles for the rest of my life, but I guess we all no condo in Hawaii, but it also like lit a fire under my by and made me worked so hard to get another products how the launch in order to help recover our costs than so. It was about Simon awhile that I really felt strapped in a really maybe get caught my business. It was kind of an amazing challenge. Now, right now we have been profitable

every single month of owning the condo and were on bees, stabbed the condo bread because even from that investment, and then every penny would be profits within a year or so I predictions at the coffee shop when we put in our offer were very accurate, and I, ran the numbers in the best way. I knew how which is so. I said so, knowing that we could be under forty and making an income from this property was a huge incentive for us after a full year of ownership. So we started talking about a second unit rain our in this space, where a word just saving a lot of money and figuring out where to best, invest it, and so we were so bookshop that people we're getting really disappointed that they couldn't get our condo for their vacations and so We already knew how to run a unit. We already knew what our profits could look like and how popular space had become, and we weren't in this major rush to purchase. But we are definitely opens the idea of getting another space,

and we knew we wanted to stay in the same complex just for overall, ease and the ability to offer two options for our guys, and so we had been kind watching the market. A few different units had gone up first sale, but they either overpriced or they needed a ton of work done. Neither of which we were on board with and we had worked with our fight. Cancel planner in our accountants and knew that if one hit the market we could be ready to act now is huge, because the market has been absolutely crazy since we purchased So we had this automatic email notification set up for when a unit was listed and the day I found the second line. I got an email about a new unit going up. There are no pay. First the unit- and so I I sit our real at her and you said: hey I'm seeing that another unit is going up. Do you have any info on it and he said he. I have some inside scoop. Let me see if I can get over there before they do their open house.

So within three hours we had to put in an offer and within them I say we had negotiated terms, but the market is so hot right now that they were gonna have mould we'll offers and had become a bidding war, and we just anymore to deal with that, and we are. Sir wrote a really nice lettered sue bobbing Carol, just sharing our story about Hawaii how it's been such a precious place, an lands that we had for the profits and what we wanted to do with that, and what kind of space who wanted to create So we ended up getting that second unit. We had never seen a, we didn't get to be there for things like the inspection or closing date. So it fell. Very on monuments like we went to the bank, we wired the money and we sign documents, and that was that, like now, we own a second one when we purchase

still we also ended up purchasing into the agreement of the bookings bobbing Carol had made, which meant that we were both out for the next six months are much lower rates and we charge we wanted to make sure that everyone that had secured that condo with having Carol were treated really well and we match the rates in order to do that, but were so excited because we just got back from renovating it and me king at our own in so it's been such a project now one thing I want to touch on because I've got asked about it a lot and I just want to make sure people are aware. So in Hawaii. There is actually a housing crisis going on and we did it time and turn a ton of research about what was happening, how we could not further the problem, how we could create a solution and so what's happening

A lot of people are realising. You can make profits on Airbus and be, and so instead of offering up their condos apartments or homes as long term rentals for the residents of Hawaii there, instead turning them into vacation rentals, because they can make more money, which means that for local Why is it actually quite expensive to live there? And so, when we made a purchasing decisions, we made a really smart decisions. So we aid sure we bought at a short term rental only condo, because We wanted to make sure we weren't taking away an opportunity for a local to live so where we purchase our condo, it is only vacation rentals. And so a kind of gave us peace of mind that we're not contributing to the problem. We have also done a lot a lot, a lot of research on who we can support on the island who are locals that we can hire to help us with contracting to help us with managing.

To help us with cleaning, and we want to make sure that were pouring money back and that local economy. We also, of course, pay our taxes and make sure we do all of that, and while we're on island we are a huge part of the community is so we have a gym there. We have a church there, we go volunteered a humane society where part of the food shall, and we just want to make sure that we are contributing to the overall call me and not taking away from it, and so no matter where you purchase a property do a lot of research because araby- and these can be an incredible incredible business avenue But you also want to be aware of what the economic state is in the area that you're buying and just how you can help support that local economy and not take away from opportunities for the people who live there.

So when we opened our first Araby envy. I found myself googling and on Pinterest trying to figure out like what are the top things you need to do in order to run a successful air b and be and so number wine, and this is what I compiled because I couldn't brine. Any great resources is go beyond the basic soap. We love to stay Araby India's whenever we travel now, it's really fine. It's almost like our research experiment for us, but we ve been too lot of em, and most of them just have the basics, and we wanted to do a little bit more than that. And so we ask ourselves what things do we wish we had when we were on the island. You know the soft I can easily fit into your suitcase, and so we start up our place with awe all the beach needs, including an umbrella twofold out chairs a little many cooler, beach showers, beach, mad sand, a beach bags nor gauze

We even have son screen and aloe Vieira, and we want to help our God save money on their vacation and it allows us to share some extra that will make their state more easy and enjoyable. Another thing that I was serious about was not skimping on cheap linens or batting you ve ever stayed somewhere and you can just tell them they use. No works oftener and your skin is just Grady answer, there's nothing more sing getting to a place in binding like an uncomfortable, bad or terrible pillows in so while we are on the island. I stumbled into this place Kerala, which is an incredible island shop that sells bamboo sheets and towels in robes, and so we all of those further condo. So, honestly, our sheets of the Congo or nicer than the ones in our home number to communicate clearly like communication is huge.

Do you want your gas to feel valued understood and then it quit them to have the best time ever we sat down and created really thoughtful message templates that help communicate how they can enter the building where they should park. How to check in in out and we made sure to get their flight in those that we know when they arrive on the island and when they are likely to check into the unit. It's also awesome d just check in with your guys, see if they need any recommendations or ideas. While visiting, we created this beautiful guest book for our condo, so our gas can see our island photos in Vila they no eyes while leaving the little message about their stay. It is literally my right thing when we get back on island to just read through the gas book and to hear from our gas. On top of that, we have a little quick fact. She, in a booklet, out upon arrival so that all the important information is laminated for our gas and easily available.

Should they need any help we under see that checking into a new place can be confusing, are complicated, and so we wanted to make the process as easy as possible So not only do we email out all that information to our gas, but we also decided to streamline the process. We installed a sledge lock on our door. It's basically just one of those electronic locks, and so our gas can use a simple He called to access our place without fumbling around with the lock, fax or dealing with key second me easily lost in the sand, and it also allows us to give our cleaner and our manager personal codes, and we can see on our abhor is entering the building and when, in the most amazing thing is that you can access all the info on your phone. So I can make sure our places secure I can know who's going in and out, we can even unlock it from our phone, which is pretty cool and just great for peace of mind. I also thank you want to create inexperience online, so

when you browse Airbus and be there are a ton of places that all kind of look this same, and so when we were, informing the design for our space. We wanted something really clean Superman, em, all while still feeling controversial and at home, and so we blew our own personal drone photos. We hung them on the walls for arts. We leave aside. The a photo for each guise of one of our drone shots who visits ice and the bottle of wine out for them to enjoy. I also take this I'm too style images of our place in a unique way so that I felt lived in it and enjoy, but still beautiful, instead of just feeling like a bland home tour and that we share a drone photo of the beach fireplace to capture the attention when people are Scrolling me up in looking at images because we wanted to set the stage and tell a story beyond just the building in court. Breeding items like branded pillows branded coffee mugs, heck the Logan,

therefore- and I know I made her Kano logo- it's embarrassing, but hey and I'll send you. I wanted to put together a place to share about our Hawaii home in our favour beach spots, adventures in restaurants, so with our website and are Instagram account, people can fall in love with our space be onto the platform its hosted on. So we they too have something just beyond the urban be profile, it's totally not necessary. I think my biggest tip is to have a really great photos because photos sell this space, and so we made sure to take the time to take really great images of the condo. If you are not a photographer yourself, I would totally recommend hiring somebody to come in and do it

because I really believe it helps you command higher rates. But we love having that experience online in just having a single place to point people bolts to hear more about the island and to hear more about us into see our space number for having awesome team one of the scariest parts. Getting our places figuring out who's, gonna manager, what that's gonna look like, especially because we live so far away and so for many places. On the island. The building that you're in can manage your place for you and take a percentage of your profits, but we want to be more hands on and hosts people that felt more. Like friends and family, even if they were just strain, yours so with our on island rap. They help manage cleaning and meeting and we handle the bookings. We have really done a good job, just coordinating all of that, and so

Not only are we able to screen our own guys but we're not giving up a huge percentage of our income because we're taking on that piece of things. We also interviewed a few cleaners on the island debase off of our managers recommendation and we found an amazing husband and wife team who treat our space like their own and make sure it is perfect for each ink, coming guest. And then we also found a father son dual, who do incredible: maintenance work in the? show up on time every time they have been some of the most awesome people to work with so being on an island recommendations can make all the difference. So if you have any connections, pay attention, because all this happened just because our real, Inter connected us to our manager, who connected as to our cleaners and maiden steam and lastly, number five have fun with it like we wanted our place to be fine and feel like home, and so we included items like a bows blue tooth speaker, a few board games, a bar car

Ro Coup, so people get axes, are Netflix and have tv shows and we wanted to under promise and over deliver for our gas while being reasonable. That most days bar just gonna be at the beach enjoying the island. I mean I still he believed that we own a place on Maui and now to play, says it's pretty incredible, and it's such a gift and we want to enjoy our time here, just as much as our gas do. So we like to block off time for us to come to the island, to make improvements on the Congo to rest and relax hurry and were always looking at how we can make the experts it's even better for our gas, and while we would want in a place ourselves now a rental property can be a lot of work, but just like all things in business, you can system eyes, you can create templates. You can build a team. Are you guys, sensing trend in the way that I run? My business is not as hard as it might feel to run a successful European Bee

We were shocked when we got back after five months away. How awesome our place still looks in it Bell just like we had left it, even though over twenty gas had enjoyed it better in the times that we were there in, since we have such a great team supporting us, an incredible guess who respects that we own and pay for and care about our space. We have had such an incredible experience, hosting and sharing our sights of the. And with others, and it simply a joy to be able to open our doors and welcome people. And now our plan we're gonna number two. You are really similar to the first line and I'm just so excited that we have already to go. It's available, terrains and weak to spend time enjoying it ourselves, and so our first trip as a family of three is going to be for the entire meant. The February were holding fast to our sabbatical plans and we're going to do a full month with baby goods at her

favorite place. We vigorously don't start our kiddo young. We might never go if you guys have any plain tips for travelling with a new born. Let us now drew's, planning on being a stay at home, dad running the condos and then still working with a limited amount of clients with the could your method- and so when we look forward what are a real estate goals while we love having do God knows any, why we also We owe our home mortgage Greece A our happy and consent. Only and managing three properties, but that isn't to say that we won't continue to invest in real estate in the future, is that we ve learning curve about, one that we sincerely are excited about and one that we truly truly enjoy. As I think, that our time on the island and just how this dream evolved from some, Lee going on vacation, suits taking sabbatical to buying. Window in running it? It has been such a journey, but it's been such a glass of wine,

and after sharing our space with almost a hundred gas in just a little over a year, it's been amazing to be able to share what we love with others and to create a space that inspires others. Tourist fear, curious, about more. I do the culture condo dot com. There is a link that will take you to our area. Me profiles. You can check out how we photograph this base, how we talk about it and, of course, We need a place to stay on Maui we with absolutely love to host you we are at your condo on Instagram ever love to hear from you as well. Maybe you can tag your favorite person, your spouse, your partner, your mom, whoever unconvincing That Maui is calling because guess what it is and anything if you just need a wire recommendations that could your conduct outcome has all of our favorite. So I hope that today's episode just gives you a little bit inside into our real estate investments and why we chose to do them in how we support the Maui Community

and workers so excited that we get to enjoy time on the island each and every year, in a space that we own until next time. Oh diggers keep on digging your biggest goals and thank you so much for tuning into another episode of the gold, digger podcast Thanks for listening to the gold, digger podcast, dive into the show notes for this episode and all past episodes at W W W dad gold digger part cask dot com. If you love the show share it with a friend the more the merrier thanks.