Fiscally Fabulous® Podcast

By: Dr. Teresa R. Martin
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  • Summary

  • Claim your throne in the legal, business, and real estate world by catching live episodes of "Fiscally Fabulous® Podcast." Hosted by legal & real estate business strategist Dr. Teresa R. Martin, our expert guests and industry insiders will be your trusted advisors who share invaluable tips and strategies for scaling your business to multiple seven figures a month. Whether you're a novice or a seasoned investor, our real estate podcast is a go-to resource for all. Tune in today and decipher the knowledge you need to thrive in business.
    Dr. Teresa R. Martin
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Economics
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Episodes
  • Mastering Short-Term Rentals: Finding the Best Property Manager

    Mastering Short-Term Rentals: Finding the Best Property Manager
    Oct 16 2024
    Imagine you’ve just acquired a stunning property in a lively vacation hotspot. The thought of turning it into a short-term rental is thrilling—visions of delighted guests and a steady stream of income fill your mind. But then, reality kicks in. The constant need to communicate with guests, tackle maintenance issues, and keep the property in top-notch condition can quickly become overwhelming. This is where a professional short-term rental manager can make all the difference. Today, we are so fortunate to have Jimmy Sweitzer, Owner of BnB Ace, to talk about everything you need to know about short-term rental management. From finding the best short-term rental manager, increasing your revenue, to leveraging technology in property management. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin! Quotes: "A true investor puts in one or two things: capital or time. But in the real estate world, you shouldn't have to put in both for the best investment outcomes." – Jimmy Sweitzer "Setting clear goals is crucial. Without having a clear direction, it's hard to measure the success of your manager and whether they're helping you achieve your investment objectives." – Jimmy Sweitzer "The quality of a manager can make a significant difference in the headaches you have or the revenue you bring in. Treat finding a manager like you're interviewing for a C-level position in a Fortune 500 company." – Jimmy Sweitzer Key Takeaways: Hiring a professional short-term rental manager can significantly increase your revenue and free up your time, even if you're an experienced property owner. When evaluating a potential manager, set clear goals, check their licensing and credentials, and compare their fees and services to find the best fit. Embracing technology and automation can streamline operations. However, it's crucial to find a manager who can handle multiple tools and systems effectively. Successful investors are willing to invest both time and money into their properties rather than trying to handle everything themselves. Be prepared for changes in the short-term rental market, such as increased competition and evolving regulations. Having a plan to adapt and grow your business is essential. Highlights/Timeline: [00:05] – What is a short-term rental manager? [04:17] – What does a STRM does on a daily, weekly, or monthly basis? [06:37] – For property owners, why should they consider hiring an STRM? [09:10] – How should property owners rate their current STRM if they already have one? [12:56] – What steps should property owners take to ensure they find the right local manager for their property? [17:05] – What key questions should we ask and what fees should we consider when selecting an STRM? [21:47] – What are some red flags property owners should be aware of when choosing an STRM? [24:18] – Jimmy shares a success story of a property owner who benefited from hiring a short-term rental manager [29:18] – What common mistakes do property owners make when trying to manage their short-term rentals themselves? [32:18] – How do you see the short-term rental market evolving in the next few years, and what should property owners be prepared for? [34:23] – Jimmy discusses the role of technology in managing short-term rentals and how it benefits property owners [38:16] – What is Jimmy’s advice to someone just starting out in the short-term rental business and considering hiring a short-term rental manager? Conclusion: Hiring a short-term rental manager can transform a potentially overwhelming task into a smooth, profitable operation. With rental managers providing valuable insights and services, property owners can enjoy the benefits of their investments without the associated stress. Whether you’re just starting out or looking to optimize your existing rental, considering professional management could be the key to your success. Resources: Learn more about Jimmy Sweitzer on: LinkedIn: https://www.linkedin.com/in/jimmy-sweitzer-14043786/ Website: https://www.bnbace.com/investor-1?fpr=reianyc Learn more about Dr. Teresa R. Martin on: LinkedIn: https://www.linkedin.com/in/teresarmartin/ Website: https://enjoyyourlegacy.com/
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    45 mins
  • Empowering Financial Success: Innovations in Credit Management

    Empowering Financial Success: Innovations in Credit Management
    Oct 1 2024

    Are you struggling to navigate the ever-changing financial landscape and take control of your credit? The modern economy presents many challenges, from credit issues to complex financial decisions. However, with the proper knowledge and resources, you can overcome these obstacles and take charge of your financial future.


    We are thrilled to be joined by Anthony Williams III, the business development representative at Consumer Direct and Smart Credit, to discuss innovative financial tools and strategies that empower consumers and businesses to navigate economic changes efficiently. Whether you’re a business owner, a consumer, or simply someone looking to better understand personal finance, this episode is packed with valuable insights and actionable takeaways you won’t want to miss. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!


    Quotes:

    • “Yes, we have to meet bills. We have to pay bills. You want to make money, you want to provide the best product to your customers. I want that too. Tell me what I need to do, so you can do that.” – Anthony Williams III

    • “They trust them to look at their mistakes. That’s what it is, and it might not even be a mistake that they could have avoided, it’s just a blemish of some sort that they need to figure out.” – Anthony Williams III

    • “When I was growing up, there wasn’t much focus on balancing things like checkbooks. As a kid born in the 80s, I experienced the technological boom and digitalization. Now, everything is at your fingertips, which makes it easy to be careless.” – Anthony Williams III


    Key Takeaway:

    • Consumer Direct has evolved from a credit reporting company to a comprehensive financial platform, providing tools like personal loans, debt management, and credit score navigation.

    • Having excellent customer service and building long-term relationships with partners is crucial, rather than just focusing on transactions.

    • The significance of credit reports, digital hygiene, and the value of working with professionals to navigate complex credit issues.

    • Learn the difference between Vantage and FICO scores and the importance of consulting experts when making significant financial decisions

    • Be honest with yourself, seek professional guidance, and take control of your personal information to improve your financial health.


    Highlights/Timeline:

    [03:23] The Mission of Consumer Direct

    [05:34] Explanation of Consumer Direct’s evolution and Smart Credit’s comprehensive financial platform

    [11:35] Importance of customer service and building long-term partnerships

    [18:49] Significance of credit reports, digital hygiene, and working with professionals

    [27:25] Steps to take when signing up for Smart Credit

    [36:35] Understanding the differences between Vantage and FICO scores

    [41:54] Advice on improving financial health and seeking professional guidance


    Conclusion:

    In conclusion, this episode provides valuable insights and actionable steps for listeners to improve their financial health and navigate the complex world of credit and personal finance. Remember, your financial well-being is not just about numbers and figures – it’s about empowering yourself, making informed decisions, and building a secure foundation for your long-term goals. Embrace the tools and strategies discussed in this episode and embark on a transformative path toward a financially fabulous future!

    Resources:

    Learn more about Anthony Williams III on:

    LinkedIn: https://www.linkedin.com/in/anthonywilliamsiii/

    Website: https://www.smartcredit.com/wealthzone

    Learn more about Dr. Teresa R. Martin on:

    LinkedIn: https://www.linkedin.com/in/teresarmartin/

    Website: https://enjoyyourlegacy.com/

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    49 mins
  • Unlocking Real Estate Investment Success

    Unlocking Real Estate Investment Success
    Sep 17 2024

    Are you a real estate agent looking to add investment properties to your business and empower your clients to build wealth through real estate? Too often, real estate agents are stuck in a cycle of one-off transactions, struggling to generate consistent income and build long-term wealth. This episode dives deep into the strategies and systems to help you break free from the traditional real estate agent mold and become an indispensable partner for your client’s investment goals.


    In this episode, we are so excited to have Steve Earl, Founder of Investors Agent Academy, who is all about revolutionizing the real estate investment landscape with his innovative “Moneyball Real Estate System.” Steve shares his journey from painting contractor to real estate investor and agent, and how he’s empowering regular Americans to build wealth through investment properties. Don’t miss this exciting episode of the Fiscally Fabulous® Lifestyle with your host, Dr. Teresa R. Martin!


    Quotes:

    • Helping hundreds of people invest in real estate has been one of the most fulfilling experiences of my life. I’ve seen how just one property can transform someone’s future and financial life.

    • The more real estate your clients purchase, the more connected they feel to you. They come to you for local investments because they trust your team.

    • The national team is an extension of you, and they are dealing with all of the issues that come up along the way—ensuring you’re not getting overwhelmed.

    Key Takeaways:

    • The Moneyball real estate system focuses on “hitting singles” - gradually progressing towards a 10-property portfolio to create cash flow and generational wealth.

    • The Investors Agent Academy offers a free master certification course to empower agents with the knowledge and tools to have meaningful conversations about real estate investing with clients.

    • 75% of Steve’s business comes from repeat customers and referrals, highlighting the power of building trust and providing value to clients in real estate investment.

    Highlights/Timeline:


    [0:00] Introduction to Steve Earle and the Investors Agent Academy

    [2:06] Steve’s journey from painting contractor to real estate investor and agent

    [13:24] The Investors Agent Academy and it’s mission

    [16:32] The Moneyball real estate system and creating a 10-property portfolio

    [22:09] The national fulfillment team and providing a turnkey investing experience

    [25:57] Steve’s view on the NAR Settlement

    [35:18] Strategies for agents to invest in real estate with little to no money or credit

    [44:30] The lack of Real Estate content


    Conclusion:


    In summary, this episode provides valuable insights and actionable strategies for real estate agents looking to add investment properties to their business and empower their clients to build wealth through real estate. Be sure to check out the Investors Agent Academy and consider attending an upcoming intensive to take your real estate career to the next level.

    Resources:

    Get in touch with Steve Earl on:

    LinkedIn: https://www.linkedin.com/in/stephen-earl-realtor/

    Steve’s Free Book: https://investorsagent.com/free-book986502-6694?am_id=teresa157

    Learn more about Dr. Teresa R. Martin on:

    LinkedIn: https://www.linkedin.com/in/teresarmartin/

    Website: https://enjoyyourlegacy.com/


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    51 mins

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