Welcome back, friends! This week, we’re sitting down with Laura Murphy to explore the growing niche of midterm rentals—specifically, the rent-by-the-room strategy. Laura shares her journey into this unique market, which began unexpectedly at a party, and how she has since built a thriving business managing 15 rooms across three locations in Chicago.

Catering primarily to medical students and traveling professionals, Laura reveals the key to her success: tenant sourcing, setting competitive pricing, and ensuring seamless property management. She explains how eliminating deposits lowers barriers for tenants and how implementing electronic locks enhances security. Maintaining shared spaces requires clear guidelines, schedules, and a focus on creating a harmonious living environment.

Beyond the logistics, Laura discusses the challenges and rewards of midterm rentals, from managing tenant turnover to capitalizing on the high demand in medical districts. As the midterm rental market continues to expand, her insights offer valuable guidance for investors looking to tap into this lucrative strategy.

If you're interested in maximizing rental income while providing quality housing, tune in to this episode to learn from Laura’s experience and expert strategies!

• Resources:
• Simplify how you manage your rentals with TurboTenant
• Connect with Laura on Instagram
• Get your name on The WIIRE Community waitlist
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this week's episode of the podcast, we explore the power of creative financing as a problem-solving tool in real estate investing. We share personal insights from recent deals and discuss the importance of community support, education, and negotiation skills when working with sellers. We also cover practical strategies for structuring creative financing deals, emphasizing the need to understand seller motivations, know your numbers, and stay flexible during negotiations.

Key takeaways include:

• Creative financing is about solving problems, not just structuring deals
• Direct engagement with sellers is crucial for successful negotiations
• Understanding the basics before seeking help will set you up for success
• Community and mentorship can enhance your confidence in creative financing
• Not all creative deals are good deals—know your numbers and establish clear metrics

Tune in to this episode for actionable insights and encouragement to embrace creative financing as a powerful investment strategy!

Other WIIRE episodes we recommend in this episode are…

Episode 33

Episode 34

Episode 35

Episode 36

Episode 37

Episode 38

Episode 123

Episode 124

Episode 125

Episode 126

Episode 127

Episode 128

Episode 129

Thanks for listening, friends!

Resources:

• Simplify how you manage your rentals with TurboTenant
• Learn about our WIIRE Bookkeeper & CPA Services
• Get access to Jenn & Joe Delle Fave’s Creative Finance Playbook
• Get your name on The WIIRE Community waitlist
• Grab your copy of our book, The Self Managing Landlord
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode, we’re breaking down the process of buying and selling off-market real estate deals—without a realtor. We also share personal stories, success stories from our WIIRE Community members, plus actionable steps to navigate off-market transactions confidently. Whether you're considering self-managing a purchase or just curious about how off-market deals work, this episode will provide the insights and strategies you need to succeed!

What you’ll learn…

• How to buy and sell properties without a realtor
• Essential components of a strong purchase agreement
• The role of earnest money deposits and disclosures
• Why working with an investor-friendly closing company is crucial
• How community support and expert guidance can simplify transactions

This episode is packed with details you won’t want to miss!

Thanks for tuning in, friends. We’ll catch you in the next episode!

Resources:

• Simplify how you manage your rentals with TurboTenant
• Get your name on The WIIRE Community waitlist
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this podcast episode, we’re chatting about the importance of year-long tax preparation for real estate investors. So many new investors (even seasoned ones) don’t realize how important it is to be proactive with your bookkeeping. We also review the understanding of tax documents such as W-9s and 1099s and the significance of tracking mileage and estimated quarterly payments. The conversation also covers insights from our recent CPA meetings, highlighting strategies to maximize tax savings and ensure compliance throughout the year.

If you haven’t already, please take 2 minutes and leave us a review:

🎙️ Leave us a review on Apple Podcasts

🎙️ Leave us a review on Spotify

… or wherever you listen to your podcast episodes!

To schedule a Discovery Call with our WIIRE Community Bookkeeper - click here!

Thank you for being here with us again, friends! Come hang out with us over on Instagram and we will see you next week!

Resources:

• Be the first to know when doors open again to The WIIRE Community
• Join our private Facebook Community
• Connect with us on Instagram

In this WIIRE episode, we tackle a topic many property owners encounter: firing a property manager and transitioning to self-management. Drawing from our own experiences and insights, we dive into the common pitfalls of working with property management companies, how to evaluate contracts, and the necessary steps to ensure a smooth transition.

Whether you're frustrated with your current property manager or considering self-management, this episode offers actionable tips to help you protect your investments, maintain tenant satisfaction, and simplify the process.

Bonuses from this episode:

• Get your name on The WIIRE Community waitlist; doors will open again in March!
• Grab your copy of our book, The Self Managing Landlord
• Get access to The Savvy Self Manager course

Thanks for tuning in this week; we’ll catch you in the next episode!

Resources:

• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Welcome back to another episode of the podcast. Today, we are diving into our best tips and tricks when it comes to ditching your full-time W2 and becoming a full-time real estate investor. At WIIRE, that is our ultimate goal: to give you a choice to become W2 optional, and we’re diving into our personal situations when we left behind our full-time jobs and things to think about when making this big, life-changing decision.

You may not want to quit your W2, and that’s totally okay! We hear this a lot: some people genuinely love their job, but we want to help equip you with the tools to make this choice so you can live your dream life, whatever that looks like for you!

Thanks for listening, we’ll catch you next time!

Resources:

• Join our Self-Manage Your Rentals for Maximum Profit in 2025 Webinar
• Be the first to know when doors open again to The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Happy 2025, WIIRE listeners! We are so thrilled to have you back because while we gave you a recap on our 2024 goals in our last episode, this week we’re talking all about our 2025 goals: personally, professionally, and our goals for WIIRE! If you have never written your goals down before, we encourage you to take a few minutes, put pen to paper, and jot them down. It is truly amazing the impact writing down something can have. Then, put those goals somewhere you will see them, every single day to keep you accountable.

We both struggle with goal setting and we’re pretty proud of our accomplishments in 2024 and truly excited to see what 2025 has in store. A few items we mention in this episode are:

• WIIRE Community
• CEO Bootcamp Relaunch
• WIIRE Retreat Waitlist
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify

We’d love to hear your goals for 2025, so tag us @wiire.community or send us a DM and share them with us! Let’s make 2025 an amazing year, together!

Resources:

• Join our Self-Manage Your Rentals for Maximum Profit in 2025 Webinar
• Be the first to know when doors open again to The WIIRE Community
• Join our private Facebook Community
• Connect with us on Instagram

Hey friends! Thank you so much for joining us for the last episode of 2024! In this episode, we’re giving you an update on the goals we set back in Episode 80; we’re sharing what we accomplished, what goals we pushed off, what goals weren’t even on our list but decided to tackle anyway, and some of our most memorable accomplishments for 2024. We are also giving you an update on our goals for WIIRE, plus a peek at how all of our goals changed and pivoted throughout the year.

We are so grateful for each one of you tuning in and hope you have an incredible close-out of 2024 and warm welcome to 2025!

Let’s get started!

Resources:

• Join our Self-Manage Your Rentals for Maximum Profit in 2025 Webinar
• Be the first to know when doors open again to The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram