Avery: Hey everybody, I’d like to welcome Joey Morea to the show. Joey, thanks so much for coming.

Joey: Thank you for having me!

Avery: A short-term rental investor in several different markets. Joey, why don’t you start by telling us a little bit about yourself and how you got into short-term rentals and what you’re doing.

Joey: Now, so I actually started, I’ve been a manager in the car business world for years. Recently, I got into the mortgage world but live in Atlanta. I’ve always enjoyed real estate, especially short-term rentals.

Avery: What drew you to short-term rentals specifically?

Joey: I always kind of looked at it like a toy that pays for itself. It’s like an investment, but it’s a toy—you can visit it, upgrade it, improve it. I’ve always lived by the idea of balling on a budget, you know? When I was younger, I would buy cool things like boats and flip them for a profit or at least break even. The same concept applies to short-term rentals.

Avery: So, when did you first get into short-term rentals?

Joey: When I really started, I got into a position where I could financially afford something. I had a daughter, grew up in Florida, so I was familiar with the panhandle area. We live in Atlanta, so we thought, “Let’s get a beach condo.” It started more as a place where, if something broke, it wouldn’t cost a lot to fix. I bought it with a vacation manager running it, so it was hands-off. Then, after a year or so, I bought another one in Orlando.

Avery: So, what was that like when you decided to take over managing them yourself?

Joey: It was great! I took over completely, did a bunch of research, and decided to self-manage. This was in late 2019. Ever since then, it’s been pretty easy, and I love it.

Avery: That’s awesome. So, you currently have two properties in two different markets, correct?

Joey: Yep, Orlando and Panama City Beach.