the social wealth podcast
Michael Elefante & Elliott Caldwell
Welcome to the Social Wealth Podcast, where hosts and business partners, Michael Elefante (@melefante6) and Elliott Caldwell (@elliottcaldwell) discuss all things social media, investment strategies, financial freedom, and how to monetize your personal brand. You'll be getting the inside scoop from industry leaders, top social media influencers, business owners, and investors all around the world! Be sure to follow along on social @thesocialwealthpodcast!
Michael Elefante and his wife Jill began investing in short-term rentals in 2019. Their goal was financial freedom and the ability to control their time fully. They started with two properties in Nashville, Tennessee, and quickly expanded, adding two in Gatlinburg, TN, and two in Fort Lauderdale, Florida. Fast forward to 2022, their six properties generate over $80,000 per month on sites like Airbnb and VRBO. With over one million followers, Michael is an industry influencer and the founder of Airbnb Investor Academy, where he teaches others the fast path to financial freedom via short-term rental investment. As Michael and many of his students have scaled their short-term rental business, they realized a significant pitfall within the industry. Most property managers inadequately manage their clients' homes, failing to generate maximized property revenue. Elliott and Kylie approached Michael and Jill about joining the Home Team, which was a no-brainer. The team shares the same vision: to transform the short-term rental property management industry, improve the overall guest experience and, most importantly, for Home Team clients, generate the highest possible return on investment for them.
It all started in March of 2021 when our founders, Elliott and Kylie Caldwell, purchased their first short-term rental in the mountains above Asheville, North Carolina, in an attempt to gain financial freedom. Many of you know this property as The Skybox! The success of The Skybox took off, and Elliott and Kylie instantly achieved their goal of financial freedom during the first entire month of being live by having over $13,000 in bookings. From this point on, Elliott and Kylie began acquiring more properties. Along the way, they were self-managing their own properties. They quickly noticed that every property management company was the same. Other property management companies only care about making a few bucks and putting in the least effort possible. At Home Team, we focus on design, investment analysis, and technology to help your property reach its full potential. We created Home Team Vacation Rentals because we knew we could make a difference. We don't just manage your Airbnb; we are with you from the beginning - helping you find the perfect property with our partner realtors and analyzing it with our superior vacation rental data technology. And we stay with you throughout the entire process, from helping you buy and then building your furniture to going live on sites like Airbnb and VRBO and managing your properties for years to come.