The Smart Real Estate Coach Podcast|Real Estate Investing Episode 245: How to Make Money with Short Term Rentals, with Avery Carl
Feb 19, 2021
30:25
Avery Carl bought her first rental property at age 26 on a $37,000 salary. Through strategically investing in short term rental properties in mature vacation rental markets, she was a millionaire by 31. She now owns a portfolio of 24 properties and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom.
What you’ll learn about in this episode:
- How Avery got involved in short-term real estate in mature vacation markets, and how she learned to maximize income from her properties
- What differences are found between AirBNB and destination vacation rentals, and why many different factors impact the profitability of a property
- How Avery works closely with new, unseasoned investors, and what options are available for getting started without a down payment
- What kind of numbers you can expect from a vacation rental property, with example numbers to help you determine what would make a great rental
- How Avery manages her short-term rental properties and deals with maintenance issues or other problems that might arise without the expense of a property manager
- Why it is important to trust your instincts, believe in yourself, and find a way to make it happen and go for your goals
- What mistakes Avery has made over the course of her experience in short-term rentals, and what lessons she learned
- Why the first step to getting started is to research the area’s short-term rental regulations and requirements and ensure you aren’t violating HOA rules
- How “channel manager” platforms can streamline and automate a lot of your communication with guests to minimize the time you spend
Resources:
- Website: www.theshorttermshop.com
- LinkedIn Page: www.linkedin.com/in/averycarl
- Twitter: @shorttermshop
- Facebook: www.facebook.com/theshorttermshop
- Instagram: @theshorttermshop
Additional resources:
- Real Estate on Your Terms by Chris Prefontaine
- SmartRealEstateCoachPodcast.com/webinar
- SmartRealEstateCoachPodcast.com/ebook
- SmartRealEstateCoach.com/QLS
Smart Real Estate Coach Podcast Sponsor: