Special Guest: Liz Lessard - Teacher, Mother, Investor

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A consultant for a school board with three children, a wife, and a short-term rental host.

Highlighting that Liz is an everyday individual, not a wealthy real estate tycoon.

Transition into Real Estate

Liz's transition from teaching to consulting and what led her to explore real estate investment.

The influence of a friend who started investing in real estate and encouraged Liz and her husband to do the same.

Liz's journey from buying her first duplex to owning multiple properties in Quebec.

Taking Control of Short-Term Rental Management

Liz discusses her initial reliance on co-hosts for short-term rental management.

Explains the frustration with high fees for guest communication and realizing that she was essentially handling guest questions herself.

Talks about how research, education, and resources like the STR Unfiltered Facebook group gave her the confidence to take control of management.

Transition timeline: Started self-management in October, only a month and a half ago.

Improving Property Listings

Liz mentions using software like Rankbreeze for testing listing changes.

Shares the importance of professional photography and her experience with finding the right photographer.

Bill highlights the significance of 3D renderings for multi-story properties.

Investing in Costa Rica

Liz's decision to invest in Costa Rica despite never having visited, driven by long-term retirement plans.

The appeal of the area's growth and development, including a Waldorf Astoria project.

The potential for the property to serve as both an investment and a future retirement asset.

Advice for Aspiring Short-Term Rental Hosts

Educate yourself and seek information from trusted sources.

Persevere and don't give up, even when facing challenges.

Keep trying different strategies and adjusting as needed.

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