Joining us in this episode of Living Off Rentals is Donald Pearson, a Wealth Management Advisor at Westpac Wealth Partners who holds an impressive list of certifications. Donald is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and a Retirement Income Certified Professional® (RICP®), and he helps individuals and business owners reach their financial goals as efficiently as possible.

A graduate of the United States Naval Academy, Donald was commissioned as a Marine Corps officer and later served as a Financial Manager in the Marine Corps.

Listen as he shares his full financial journey, the key areas you need to focus on to achieve financial freedom, and why good financial planning is an ongoing process. He also breaks down the four domains of financial planning and walks us through the “mathematical equation” of financial freedom.

Enjoy the show!

Key Takeaways:

[00:00] Introducing Donald Pearson and his background

[08:02] Helping clients become more diversified and well-rounded

[12:59] The four domains of financial planning

[17:56] Living into someone's living balance sheet

[24:17] Good financial planning and decision-making is an ongoing process

[31:09] Where do successful people put their money?

[44:54] Connect with Donald Pearson

Guest Links:

Email: donald.pearson@westpacwealth.com

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals

In this episode of Living Off Rentals, we are joined by Mark Lumpkin, a real estate investor who fell in love with short-term rentals 10 years ago.

Mark has helped over 500 short-term rental investors optimize their properties—handling everything from renovations to design—and has guided many others in establishing their own successful rentals.

Listen as Mark shares his journey with short-term rentals and how this investment strategy has provided him the flexibility to pursue his passions. We also dive into his work with STR Cribs, exploring how thoughtful design choices can make rentals stand out.

Plus, we discuss why furniture, décor, and strategic renovations are essential for maximizing cash flow in the short-term rental market. Enjoy the show!

Key Takeaways:

[00:00] Introducing Mark Lumpkin and his background

[04:19] How he got into the real estate industry

[07:21] Choose a property for short-term rentals with your guest avatar

[11:37] Recommended budget for furnishings and design for your property

[14:41] What is data-driven design?

[18:16] The importance of leaning on expert experience from professional designers

[27:57] Doing quick preventive maintenance regularly

[31:14] The shift in trends for short-term rentals

[36:22] Connect with Mark Lumpkin

Guest Links

Website: https://strcribs.com/

Email: mlumpkin@strcribs.com

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals

Joining us in this episode is someone who has been making waves in the affordable housing space. He is a returning guest, previously appearing on Episode 92 of Living Off Rentals in 2021.

Atticus LeBlanc is the founder of PadSplit, the country’s largest co-living marketplace, which helps property owners increase cash flow while providing affordable housing for thousands of residents. Since launching in 2017, PadSplit has housed more than 42,000 people and has grown to over 17,000 shared housing units across multiple U.S. markets.

An entrepreneur since 2005, Atticus was an affordable housing developer and contractor before founding PadSplit.

Listen as he shares more about how PadSplit works and discusses how he converts living spaces into bedrooms to create massive cash flow. Enjoy the show!

Key Takeaways:

[00:00] Introducing Atticus LeBlanc and his background

[03:47] How PadSplit works?

[11:22] Type of property that best works for PadSplit members

[17:10] The fractionalization of real estate by time versus the fractionalization of real estate by space

[26:25] Managing the challenges of bureaucracy and zoning issues

[33:53] How to manage different personalities under one roof?

[49:05] Connect with Atticus LeBlanc

Guest Links:

Website: https://www.padsplit.com/hosts

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals