Smart Money Happy Hour with Rachel Cruze and George Kamel

Why Short-Term Rentals Are No Vacation

Feb 15, 2024

Exploring the pros and cons of staying in short-term rentals vs hotels, investing advice for rental properties, in-flight strategies to avoid talkative seatmates, funny travel anecdotes, and a cocktail recipe review at the end.

39:13

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Quick takeaways

Short-term rentals offer cost-effective, spacious, and local experiences compared to traditional hotels.

Investing in short-term rentals requires careful planning, risk assessment, and financial stability for sustainable returns.

Short-term rentals provide larger spaces and local ambiance, while hotels offer housekeeping, security, and privacy advantages.

Deep dives

Airbnb and Short-Term Rentals Impacting Travel Choices

The podcast episode discusses the evolution and impact of short-term rentals like Airbnb on travel choices, highlighting the shift in preference towards alternative accommodations over traditional hotels due to factors like cost-effectiveness, space, and local experiences. The hosts share personal experiences and insights on the pros and cons of Airbnb and similar services, touching on issues like housing shortages, investor impacts, and consumer behavior.

Introduction

2min

The Evolution of Short-Term Rentals

6min

Experiences with Short-Term Rentals and Budgeting App Sponsorship

2min

Hotel vs Airbnb: Pros and Cons

17min

In-flight Strategies and Observations

4min

Travel Anecdotes, Fan Interactions, and Drink Review

4min

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Room service or extra room? Live like you’ve got a maid or live like a local? Rachel and George weigh in on the pros and cons of staying in a short-term rental (versus a hotel). And if you’re thinking about investing, they’ve got smart money advice for that too.

Next Steps

· 📱Submit a Guilty as Charged question for Rachel and George! Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it.

Today’s Happy Hour Special: 🍸Limelight

Recipe by: Queen Bee Mixology

· 2 ounces Brother’s Bond bourbon

· 1/2 ounce lime juice

· 3/4 ounce simple syrup

· 3/4 ounce pineapple juice

· 3 dashes orange bitters

· 1 ounce Campari

· Sprinkle of cinnamon

Instructions:

· Add all ingredients, except Campari and cinnamon, to a cocktail shaker, top with ice, and shake until chilled.

· Add 1 ounce of Campari to cocktail glass, add fresh ice, and strain cocktail shaker contents over top.