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ROI of Solar on Short Term Rentals? Blake Dailey & Logan Boesch
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On this Summit Roundtable we discuss the ROI of solar on short term rentals, mid-sized multifamily, and how delicious wild game tastes when you carry the elk off the mountain yourself after the hunt. Featuring motivated and mindful investor Blake Dailey and sustainability advocate Logan Boesch.
Connect with Logan on Instagram
Connect with Blake at multifamilyjourney.com
Sign up with our link to keep the show running: Change Your Bank, Change the World learn more at Aspiration.
Blake has skyrocketed in the investing world starting 18 months ago with his first purchase and now has 85 doors. His systematic approach has yielded an almost 100% occupancy rate this past year despite covid.
Logan grew up on a corn farm in MN and bought his first solar panel at 15. Today we’re going to listen to them brainstorm with actual numbers on an airbnb property with 9 months of utility data to decide if solar is a good investment for profits and polar bears.
If you’re ready to take the leap into renewable energy for your real estate business, then this episode is for you!
INSIGHTS AND IMPRESSIONS
We dig deep into the key features of what makes solar a good investment on commercial properties, especially Airbnbs. A few key terms like NOI and income approach are thrown out there, no worries—all that means is that if you are the landlord and paying for utilities — adding a power planet to your roof will drastically affect the valuation of your business/investment.
Unlike single family homes, most “commercial” properties are valued based on the income they produce minus the expenses. The financing is important, but separate from that equation and makes it a bit confusing - but a great opportunity to focus on efficiencies to improve the value of your business.
For larger multifamily commercial properties with individual meters for tenants, it may make financial sense to consider solar based upon the orientation of your roof and the amenities the owner/investor must pay for.
If you’re ready to take the leap into renewable energy for your real estate business, then this episode is for you!
Learn more about Blake and his journey at multifamilyjourney.com
Connect with Logan at Bailiwick Capital and Instagram.
“The utility companies are slumlords, what does Texas think?”
Learn how your green can grow more green for your portfolio and the planet! Visit us here for everything you need to know: www.sustainableinvestorsgroup.com
Schedule a call where we can discuss your investing needs, outdoor adventure plans, or just to get to know each other.
Special thanks to Blake Dailey and Logan Boesch for taking the time to share so many great insights with us.
If you enjoyed this podcast, there’s a couple of things we need you to do right now:
- While your there, please RATE & REVIEW the show
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Until the next time, Climb Your Mountains.
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