Episode Details

Robert Leonard talks with Michael “Mike” Stohler about how to get into hotel investing with no or very little experience, how Airbnb and VRBO play into Mike’s strategy on hotels, how COVID made an impact on his business in the short-term, and how he expects it to continue to play out over the long-term, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

19:05 - Why Michael decided to start focusing on hotels as an asset class and as his strategy.

26:05 - Why he believes that hotels typically perform consistently regardless of market conditions. 

30:25 - How to evaluate or underwrite potential hotel investments.

31:12 - What Michael’s buying criteria is for potential hotel investments.

33:09 - Why he started employing virtual assistants and how he utilizes them in his real estate business.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• Get more FREE content from Robert.
• Read the 9 Key Steps to Effective Personal Financial Management.
• Michael Stohler’s The Richer Geek Podcast.
• Michael Blank’s book Financial Freedom with Real Estate Investing.
• Reed Goossens’ book Investing in the US.
• Ramit Sethi’s book I Will Teach You To Be Rich.
• Michael Stohler's favourite book: Money Secrets of the Rich by John Burley.
• Find great markets to invest in with Wiserei.
• Real estate education platform BiggerPockets.
• All of Robert’s favorite books.

NEW TO THE SHOW?

• Check out our Millennial Investing Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try Kyle’s favorite tool for picking stock winners and managing our portfolios: 

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