How to Be Successful as a Short-Term Rental Host

Tony J. Robinson is cohost of the other Bigger Pockets podcast, the Real Estate Ricky podcast. Today's episode focuses on short-term rentals and Airbnb. Next time you're looking for a potential deal, see if it follows the golden triangle rule. Madison Trust will upgrade your IRA or 401K to a self-directed retirement account with checkbook control.

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Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years.

Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start.

Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too!

In This Episode We Cover:

The “golden triangle” method that ensures your rental will always be full

Breaking the “real estate rules” and why boring locations bring in BIG cash flow

Quitting your nine-to-five and why keeping your active income stream may be a better idea

Unique amenities that will make your vacation rental stand out in a saturated market

The short-term rental listing tip that could give you a boost in bookings

How to invest in short-term rentals in 2023 (and what to avoid before you start)

And So Much More!

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