Ep. 100 - Creating Systems Of Trust With Short-Term Rentals with Vivian Levarek

Vivian Levarek is the Investor Relations Manager for Valkere Investment Group. She communicates all matters related to the investors that help bridge the gap between the management of VIG and its partners.

Vivian is accountable for communication between what is going on with each of our properties and relays this to our internal team along with our investors. Working with our Finance Manager, she supplies up-to-date information about our company’s financial statements, insights on potential deals, & the status of company operations. She produces monthly, quarterly, and annual investor reports.

In this episode, Ashton talks with Vivian Levarek, Vivian discusses her transition from a school teacher to operations manager for their short-term rental portfolio. Ashton and Vivian share how she has been able to double their income since Vivian retired from teaching. She shares how she can qualify as a real estate professional, the various tax deductions that they have taken advantage of, and the importance of having a system in place when managing multiple rentals.

Tune in to this episode, as Vivian shares her tips on creating a team of reliable vendors, how to delegate tasks through Virtual Assistants and why is it important to prioritize self-care while running a business!

[00:00 – 07:48] Overcoming Fear Of Change

• Vivian is the Investor Relations Manager for Valkere Investment Group

• She talks about her role as the operations and manager of short-term rentals

• How she was qualified as a real estate professional allows her to write off passive and active income

[07:49 - 22:05] Creating Systems Of Trust With Short-Term Rentals

• She decided to quit her job and got into real estate despite fear of change

• Managed guest communication, renovations, contractors, septic people, and cities

• Taking notes and recording everything that is done

• Systems are important to ensure everything runs smoothly in a business

[22:06 - 37:37] Managing Short-Term Rentals From Your Phone

• Consider getting a Virtual Assistant (VA) to help manage tasks

• Short-term rental management can be done mostly from a phone with apps, text messages, and Slack

• Prioritize tasks and don’t get frustrated if something gets pushed off to the next week

• Understand the importance of life priorities over business goals

[37:38 – 1:03:17] Closing Segment

• What’s the biggest lesson learned, or the biggest thing that you implemented in your business that helped you make the most progress, that helped you grow the fastest or the most effectively in growth for your business?

• Vivian says that planning is the biggest catapult for her success

• What are you doing for your health?

• Vivian exercises five days a week and eats healthy good food

• What brings you the most joy in life right now?

• • Vivian says, “Planning for our future, planning for what it's going to be like. That brings me excitement. That brings me joy.”

• If you were to look at life as a game, how would you know you were winning at the game?

• Winning for Vivian is feeling good within her body and mind

Connect with Vivian!

Website: Vacations By Valkere

LinkedIn: Vivian Levarek

Want to learn more about creating multiple income streams, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.

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Key Quotes:

“You don't want to burn yourself out. You don't want to get so in the weeds doing the tedious but necessary tasks that you can't focus on the big picture.” – Vivian Levarek