Vacation Rental Revolution Podcast Episode 62 - Ask Me Anything Q&A
Are you interested in starting your short-term rental business, but you're not sure where to start? You begin searching for information online, but it gets overwhelming, and you're not even sure which ones are reliable.
In this episode, Shawn answers many of the questions you asked. From financing your first property to creative marketing ideas and how to stand out in whatever market condition, he covers all that and more. Let’s dive in,
“People travel for unique experiences. If you can set your property up in a nice area and make that property part of their experience, that’s how you're going to stand out.”
- Shawn Moore
In This Episode:
- How do you gather information and focus when the world is screaming that the sky is falling?
- Is there a strategy that will allow me to rent out a home without owning it?
- Can you talk about syndications and joint ventures? Do these investors need to be accredited investors?
- Do you find it more difficult to do business in California than in other states?
- What is your response to the video that the vacation rental bubble is about to crash?
- It is best to wait for a recession to get a better deal, or should I hop in now? Are you familiar with tax lien certificates?
- Do you have contact information for short term-rental insurance?
- Is there a way for people without large nest egg to acquire lifestyle properties?
- Can you do an episode with case studies and success stories?
- Can you talk about creative funding strategies to continue growth?
- How do we drive more eyes and ears to our vacation rental to increase bookings? How can we improve the traffic to our website and build a repeat customer base?
- Can you talk about the 1031 Exchange?
- How do you maintain a competitive advantage that can withstand a potential market downturn?
- What is the best way to scale but not get overleveraged?
- Is it still a good time to buy a rental property with the high interest rates and saturated market?
- Can you share success stories with people buying less expensive properties?
- If you had to start over in today's market, what would you do?
- How do I leverage my current financial position to get into the game? What are the different sources of purchasing without overleveraging?
- Does this make sense for those who are retiring soon? I don’t want to head into retirement with a bunch of debt. At what age does this process stop making sense?
- How can you maximize the revenue from your property?
- Is it possible to do a 10% down on a second home deal? Do you work with lenders who can do that?
- What is the cost to invest in your program? How much do I need to set up a property?
- Can you address the slower year in the industry?
Resources:
- Finance Your Property with just 10% Down
Connect with Shawn Moore:
- Website
- Youtube