The Wealthy Host Show
Are you ready to unlock the secrets of seven-figure success in the short-term rental industry? Then you won't want to miss The Wealthy Host Show!
Join your host, Quentin West as I chat with the most successful hosts who are redefining the game and cashing in big. We'll explore their strategies, learn from their challenges, and get the inside scoop on what it takes to build a lucrative rental business.
Whether you're aiming to boost your bookings or scale your empire, this podcast is your ultimate resource.
Subscribe now to The Wealthy Host Show on Apple Podcasts, Spotify, or wherever you get your podcasts. Your journey to wealth starts here!
The Wealthy Host Show
Checking In to The Hotel Industry With Jamie Tilke
In episode 6 of The Capital Connection Unplugged, Quentin West interviews Jamie Tilke, a former military veteran who transitioned into building a successful real estate empire. Jamie shares his journey from military service to creating upscale accommodations for service members and travelers.
Tune in for insights on Jamie’s unique path and the valuable lessons learned along the way.
TIMESTAMPS
[00:02:28] Ranger vs. Military Differences.
[00:03:48] Life After Military Experience
[00:10:00] Upscale Accommodations for Service Members.
[00:16:45] Finding a Hotel Deal.
[00:20:53] Riskiness of Hotel Investments.
[00:25:06] Airbnb Marketing Challenges.
[00:29:16] Investing in Real Estate.
[00:32:47] Leveraging Other People's Experience.
[00:34:37] Real Estate Investment Opportunities.
In this episode, Quentin West and Jamie Tilke emphasize the importance of leveraging other people's time and experience in real estate investing to collapse the timeline for success and accelerate growth. Jamie shared his own journey of starting with a 12-unit property and how his lack of experience initially led to challenges and mistakes. However, he highlighted the value of partnering with or working for someone who has already achieved success in the real estate industry.
Moreover, Jamie's story showcased how investing in education and mentorship can lead to significant returns. He mentioned the analogy from Dan Henry's video, where individuals who invested more in their education achieved higher levels of success. This highlights the correlation between investing in learning from experienced professionals and achieving greater financial outcomes in real estate investing.
QUOTES
- “Quite simply, my concept was this, provide upscale accommodations with preeminent customer service. And you don't have to sell nothing because it sells itself.” - Jamie Tilke
- “First thing is hire an accountant right out the gate. Like, I don't care if you have to get extra money, ‘Man, I'm good at math and I like doing math so I was going to do it all myself.’ You can't man. And once the numbers start getting effed up, man, then you got to go back and you're talking about hours of untangling this, this web of ****, you know, with that proverbial shoe box filled with receipt.” - Jamie Tilke
- “So that told me that if I want to collapse my timeline, if I want to use leverage as a factor to get where I want to go faster, then I need to invest in somebody who has been there and done exactly what I want to do. And that's why I've spent so much on education.” - Quentin West
SOCIAL MEDIA LINKS
Quentin West
Instagram: https://www.instagram.com/qdealshomes/
Facebook: https://www.facebook.com/qdealshomes/
LinkedIn: https://www.linkedin.com/in/qdealshomes/
Jamie Tilke
Instagram: https://www.instagram.com/jamietilke/
Facebook: https://www.facebook.com/jtrealestatenc/
LinkedIn: https://www.linkedin.com/in/jamie-tilke-6285b1182/
WEBSITE
Shortcut To Superhost: https://www.shortcuttosuperhost.com/