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