In today’s podcast, Cale Delaney shares his insights on short-term rentals and how to juggle family, a full-time job, and a growing real estate business. If you want to know what makes short-term rentals better than long-term rentals and how to manage this type of asset, and business and personal life challenges, this episode is for you.
Key Takeaways from this episode
- In what way does being a new parent change your perspective on a W2 job?
- Short-term rentals: Pros and cons and different financing options
- Strategies and tools for remotely managing your short-term rental properties
- Best tips to find cleaners and handymen for your properties
- How to overcome your personal and business challenges and fears
- The best time to start investing in real estate
References/Links Mentioned
About Cale Delaney
Cale Delaney, who self-titles himself as the Accidental Intentional Millionaire, is a Christian, real estate investor, husband, and father of 3. After graduating cum laude with an engineering degree, he began his real estate career back in 2006 working as a Commercial Real Estate Investment Broker for a large Investment Brokerage in Miami, FL where he was awarded the Pace Setter award his first year for the most number of listings and sold over $7M in multi-family and retail real estate. However, with the crash of 2008, he left that business and put the real estate on hold until 2020 when he decided to go all in to start building generational wealth for his family.
Since then, his investment portfolio went from $300k in January 2020 (a previous primary home turned rental) to over $4M and a net worth of over $2M less than 2 years later. In these two years, he’s purchased a total of 11 units including 5 LTRs and 6 STRs, 5 of which are luxury log cabins in the Smoky Mountains.
Cale self-manages all his properties remotely while still working a W2 job. In his first year as an STR owner/operator, he’s generated almost $500k in gross revenue and hosted over 1,700 guests. He took his very first STR cabin from a projected revenue of $85k to an actual of almost $150k and converted an LTR generating $17k annually to an STR generating $70k.
Cale’s main focus now is on building his STR business and cash flow with the intent to move into larger multi-family or self-storage via syndications for more passive income.
Connect with Cale
- Facebook: Cale Delaney
- Instagram: @mtn_to_sea_cabins_and_cottages
- Instagram: @latino_in_a_gringo_body
- Airbnb: Entire cabin hosted by Cale
