Ep 14 - STR Secrets - Using Data to Find the Perfect Short Term Rental with Rory Cummins

Aug 24, 2020

50:10

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

GUEST BIO

Rory Cummins grew up in Charlotte NC & studied business at ASU. He spent the next 8 yrs as a project manager in new home construction though I later moved into sales. After a few years, he decided to leave the US to fulfill a dream of world travel which took me through 5 continents over 1-1/2 years. The experience was life changing, and he met my wife while traveling & ended up back in Charlotte. In the past few years he's flipped 21 homes, grown a Realtor business, managed Airbnbs and long term rentals, & he's currently with Keller Williams. He has a 1 yr old and 4 yr old daughter that keep him engaged. He's a voracious reader, loves to mountain bike & he's addicted to travel.

HIGHLIGHTS OF THE EPISODE

03:08 Rory’s introduction

04:30 Rory’s process of being on the construction side to short term rentals.

08:52 Purchasing the property to have control over it.

11:04 The great thing about co-hosting.

13:30 Mindset around identifying the right market and properties in certain areas.

18:45 Airdna and other systems Rory uses when acquiring properties.

23:21 Don’t put yourself in a negative situation.

25:11 One of Rory’s new criteria.

27:52 Handling and managing properties in multiple markets.

31:33 How to analyze markets.

32:07 How Rory’s helps with the business.