Ep 202 - Creative Finance for STRs - From Zero to 180 Doors with Lame Kinikini

Short Term Rental Secrets Podcast

Mike and E discuss essential mindset shifts for success in real estate with guest Lamé Kinikini. Lamé, a seasoned expert in creative finance and property management, shares his journey from door-to-door sales to managing 180 doors and scaling a thriving short-term rental business. The discussion covers actionable strategies for building systems, raising capital, and leveraging the power of creative finance to acquire properties at favorable terms. Lamé emphasizes the importance of mindset, effective communication, and building strong business processes to achieve long-term success in the short-term rental industry.

00:00 Introduction and Mindset Shifts

00:20 Podcast Welcome and Host Introduction

00:33 E's Italy Experience

01:18 Book Recommendation: The Power of Awareness

02:44 Upcoming Live Training Announcement

04:34 Guest Introduction: Lama's Journey

06:22 Lamé's Real Estate Beginnings

09:41 Scaling with Creative Finance

14:47 Team Structure and Operations

19:44 Creative Finance Explained

24:18 Join the STR Secrets Facebook Community

26:12 Playing Devil's Advocate: Addressing Skepticism

27:00 Overcoming Obstacles in Real Estate Deals

29:04 Understanding Sub2 Transactions

33:20 Building Credibility with Sellers

41:23 Raising Capital for Real Estate Investments

51:00 Secrets to Success in Short-Term Rentals

52:53 Final Thoughts and Farewell

Lame Kinikini's Bio

Lame Kinikini is the founder and CEO of Elk Ridge Management and is a creative finance expert and real estate entrepreneur. He has quickly become one of Utah’s leading real estate leaders, building the company into an 8-figure business in under 3 years. ERM specializes in all things short-term rentals and currently manages a portfolio of 150+ doors. Lame considers himself a serial entrepreneur having now started to build out other complementary businesses to the STR space which include Capital Funds and Turo, while working towards the goal of having unlimited time to spend time with his wife and 3 kids.

Connect with Lame

https://www.instagram.com/hailamek?igsh=MWNudGZyYzRhbmhwZA%3D%3D&utm_source=qr

Connect with the Hosts

Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin

https://linktr.ee/mikesjogren

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

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