Navigating the TV Industry and Investing in Short-Term Rentals With Julie McCoy

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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.”

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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

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