What strategies did Tim Grillot implement to achieve success in his short-term and long-term rental businesses? In this episode of Weiss Advice, we welcome Tim Grillot, Tim is the proud owner of six STRs (four in the Smokies and two in Gulf Shores) and eleven LTRs. He began investing in real estate at the age of seventeen. His passion for providing people with quality accommodations for their vacations and wonderful homes to love has led him to make the move away from a lucrative career as an executive to a position as an agent at the short-term shop.
Tune in to this episode as Tim Grillot reveals his insight on supply chain logistics, identifying markets with growth potential!
[00:01 – 02:21] Opening Segment
- We welcome, Tim Grillot!
- Tim is a real estate investor, short-term rental owner, and real estate agent from the Smokey Mountains of Tennessee
- He was in the W2 world for 16 years before transitioning to full-time real estate
[02:22 – 25:56] Building An Empire Of Short-Term And Long-Term Rentals
- How he bought his first house and became an accidental landlord
- Obsessed with owning a vacation property
- How he and his wife sold everything and moved into an RV to embrace the simple life
- The division of labor between him and his wife
- Building a house hack-type situation in Ten
[25:57 – 31:23] THE FINAL FOUR
- What's the worst job that you ever had?
- Worked on a carwash washing semi-trucks
- What's a book you've read that has given you a paradigm shift?
- “The Go-Giver” By Bob Burg and John David Mann
- What is a skill or talent that you would like to learn?
- Learn how to play an instrument
- What does success mean to you?
- Tim Grillot says, “Finding the right balance in your life and finding your purpose.”
Connect with Tim Grillot:
Facebook: Tim Grillot
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Tweetable Quotes:
“We're put on this planet to work and serve people and I'm a big believer in that. And, so now it's more about getting fulfillment out to what we do and we really enjoy hosting people and we really enjoy, honestly making a nice place for people to live with our long-term rentals.” – Tim Grillot
“People do things in their life that they enjoy all the time and spend money on it and don't worry about it. And for us, we've just kind of turned this real estate investing into something we enjoy.” – Tim Grillot
