Shorter Rentals - How Do I Screen Guests?

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If you have a five star reeve or another host and you're recommended, i'm going to take their word for it. I accept plenty of guests that have a brand new account m with no reviews. If they don't have any reviews and they just created the account this month orwithin the last two months, it's the first red flag. It's like setting queer expectations with your guests, especially for people that haven't stayed at a short terminal before. The experience is entirely different from that of a hotel.

In this week’s episode, Robert Leonard (@therobertleonard) talks with Travis Zappia (@theyoungretireeby33) about what investing in short-term rentals is, the pros and cons of this strategy, how someone gets started, how to pick markets, how to analyze a deal, how to screen tenants, how to finance these properties, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

11:33 - What short-term rentals are and how to invest in them.

17:35 - How to find the right markets to invest in.

24:39 - Pros and cons of this strategy.

29:06 - How to get started with short-term rental investing.

35:23 - How to analyze a short-term rental deal.

49:22 - How to finance the acquisition of a short-term rental.

56:51 - How to screen potential renters.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Get more content from Robert.
Airbnb & Short-Term Rentals w/ Tony Robinson.
Short-Term Rental, Long-Term Wealth book.
Gary Keller’s book The Millionaire Real Estate Investor.
All of Robert’s favorite books.

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