Have you ever wanted to try to do something or emulate someone’s successes so that you could be successful like them, but didn’t know where to start? You dreamt up a wild, crazy idea or dream, only to get excited for a moment and then overwhelm yourself with the idea and how it may not work out. Then the fear of the “why you shouldn’t” and the uncomfortable possible outcomes flood in, and make you not do anything a moment longer…
I have been there many times throughout my life. Sometimes at the most random moments or while traveling, sometimes during work and maybe even during adversity.
Sometimes, however, this thought or dream is planted in the back of your mind and again at random times, you get reminders of it or see signs of things that make you think, “Maybe I should think about that again or try it to see where it goes.”
When these thoughts come back, that is when I tend to have the self-talk, a lot of prayer asking for wisdom and favor, and normally ask myself: “What is the worst that could happen, if I just try? If they can do it, why can’t I?”
Then, I write down the goal. Writing it down somehow makes it seem more real and less scary. I think of and write down the first few steps that it would take to get to that goal. I try not to get overwhelmed by the end result, but only focus on the first 2 steps of whatever it might be.
I had one of these moments last year, around the time of the shutdown. The world had literally shut down and I felt helpless and lacking. I was supposed to be the leader at my businesses, the teacher then to my kids, and a wife to my husband. There was so much unknown all around me, but deep down I had faith it would all work out and that we would get through it. I wasn’t sure how, or what was ahead, but I had to find some type of control in my world, a healthy outlet to get through it.
That is when I got my sign of what I needed to do… I had recently read a book that encouraged me to tell my story and write my own book so that I could help others with their lives, with my knowledge and life experience. I had never thought in my life that I would write a book, or even have the time to do it, but apparently – it was time! And why not, what did I actually have to lose – if someone else can do it, why can’t I? The book idea I had was teaching people how to buy, create and operate vacation rentals.
When I first learned about vacation rentals, I had been in real estate in a variety of roles already, from Broker/Owner of a real estate company, to landlord, entrepreneur, etc. I had one of those “moments” that planted the seed several years ago, that intrigued me about trying something new and getting into a new adventure of owning vacation rentals.
With a husband, three sons, and several businesses, there was little time to travel – let alone have a vacation home someplace to regularly visit. By chance, I had a conversation with a local gentleman that had purchased a vacation home in Florida that was much more expensive to maintain and own than originally planned. He explained to me that he had decided to have a property manager rent it out as a vacation rental so that he not only had a free vacation home, but also had basically a free place to visit and stay at that others were paying for and maintaining for him while he wasn’t there. (Insert lightbulb moment here for me – If he can do it, why can’t I?!)
Fast forward through a huge learning curve, highs and lows (and when I say lows, I mean lows)… I used it all to help educate and inspire others to step out of their comfort zone and take chances. Additionally, I explained tons of other benefits of real estate investing, even with little to no money down and one being an additional income stream.
My book is called Vacation Rentals: The Ultimate Guide, and although it appears to be a manual of how to buy, operate and grow vacation rentals, behind the cover it is so much more!
My common threads throughout the book are:
- Setbacks are ok, keep going;
- Bumps in the road do not mean you should turn around;
- Life is what you make it, so make it happen! And above all:
- Do everything in excellence!
- It doesn’t matter who you are or your pedigree, you can make a name for yourself with hard work, consistency and goals.
I have included an excerpt from my book and hope that it inspires you to dream big, set the goal, make a plan and have faith that you can find the right teachers and knowledge along the way to make it happen!
Conclusion (Vacation Rentals: The Ultimate Guide)
Ever since I went down the path of owning my own vacation rentals, I felt like I became a conduit of information and realized that it sparked so many questions and curiosity. Ultimately that is what made me realize I wanted to teach and empower others to do the same.
It is such a rewarding and profitable industry, and I know that with the right tools, you can do it too. I hope that I have helped you and allowed you to think out of the box for your future and next steps. Whether you currently have rentals that you can upsize or convert, you have a down payment to buy an existing one or create one, or maybe you want to buy one with “No Money Down” – you can, and the sky’s the limit!!! I cannot stress this enough. Anything is possible if you put your mind to it. Write down the goal, plan on the steps, then put in the work… anything is possible!
Short-term sacrifices lead to long-term rewards; consistency is key. I can remember being 17 years old and having to get up at 5:00am to go to my waitress job thinking, “Why the heck am I not like most other kids my age and not just sleeping in!?” But that thought would only last for a second and I would make myself get up and go. The same thing has happened many times in my adult life. I remind people regularly, including my kids, that these short-term sacrifices pay off big time – if you are consistent.
Maybe you can’t jump all in to the industry right now because of financial reasons – just start small, and don’t give up. If you’re hesitant because of nervousness or not wanting to take a chance, just visualize yourself doing it and what the outcomes could be. You may realize – how can I not do it!?
Like I said at the beginning, life is what you make it, so let’s make it happen!