Investing in short-term rentals can help diversify your investment portfolio.
Leslie Ann Morris began her investment journey in Smokey Mountain while earning an MBA from the University of Southern California and working as a commercial banker in Los Angeles. For over twenty years, Leslie has helped high-profile clients like SpaceX and negotiated a $50 million private-equity deal. She applies the same underwriting strategy to building her growing real estate portfolio. In addition, she is sharing her playbook to encourage others to do the same, creating passive income from short-term rentals.
From the moment she closed her first investment cabin in 2019, she knew she had made the right choice. The cash flow allowed her to quickly grow her portfolio to double digits and a value of $7 million in less than three years. In addition, Leslie fell in love with Tennessee and moved there in 2020. She quickly founded two sister companies: a real estate acquisition company, Invest in the Smoky Mountains, and Josh’s Cabins Management, a full-service property management company. Her one-stop store allows out-of-state investors to create passive income by offering concierge-style services to guests without the hassle of self-management.
In this episode, Leslie will talk about her journey into real estate, the benefits of short-term rentals, and how to deal with possible downturns. Likewise, she’ll share tips for those planning to start investing in real estate and talk about her plans for 2023.
HIGHLIGHTS FROM THE EPISODE
1. Leslie’s journey into real estate [00:00] – [3:50]
2. Short-term rental market [3:50] – [8:21]
3. Smoky Mountain property [8:21] – [11:43]
4. Market expectations for the next year [11:43] – [14:58]
5. Navigating a potential downturn [14:58] – [18:18]
6. Short-term rental investor options [18:18] – [21:15]
7. Tips for potential investors [21:15] – [23:38]
8. Business focus for 2023 [23:38] – [25:02]
9. Ways to contact Leslie [25:02] – [26:06]
CONNECT WITH THE GUEST
LinkedIn- https://www.linkedin.com/in/leslieannemorris
Website- https://leslieannemorris.com
CONNECT WITH THE HOST
Website- https://upstreaminvestor.com/
Facebook- https://www.facebook.com/TwoSmartAssets/
Instagram- https://www.instagram.com/upstreaminvestor/
Twitter- https://twitter.com/twosmartassets
LinkedIn- https://www.linkedin.com/company/two-smart-assets/
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