Navigating the TV Industry and Investing in Short-Term Rentals With Julie McCoy
Julie McCoy began in the television industry (on the crew side) and worked in LA for many years, and began investing in short-term rentals as a side hustle, with Avery Carl as her agent. One thing led to another and now she’s one of the original members of Avery Carl's team The Short-Term Shop and owns a portfolio of seven STRs in the Smoky Mountains of Tennessee.
[00:01 - 02:54] Opening Segment
- We welcome, Julie McCoy!
- She studies film and television production and worked as an assistant director in Los Angeles
- Using her downtime on set to educate herself on real estate and eventually settled on short-term rentals
[02:55 - 28:30] Navigating the TV Industry and Investing in Short-Term Rentals
- Moving to a new location to find a less seasonal market and lower price point for short-term rentals
- Started buying properties in the Smokey Mountains in 3-8 months
- Self-managed first property with help from a property manager
- Developed a network and reputation in the television industry over time
- Her parents taught her the importance of saving money and the value of money
- Prices are unlikely to drop significantly due to continued demand for vacationing
[28:31 - 37:53] THE FINAL FOUR
- What's the worst job that you ever had?
- Worked as a production assistant
- What's a book you've read that has given you a paradigm shift?
- “Who Not How” by Dan Sullivan
- “The 4-hour Workweek” by Tim Ferriss
- What is a skill or talent that you would like to learn?
- Learn how to speak Portuguese and Spanish
- What does success mean to you?
- Julie McCoy says, “Freedom of time is my definition of success.”
Connect with Julie McCoy:
Facebook: The Short-Term Shop
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Tweetable Quotes:
“It wasn't necessarily what's the cheapest thing, but what's the best thing for my dollar.” – Julie McCoy
“Self-management is not for everybody. It takes a certain personality to really succeed at it.” – Julie McCoy