All in on Short Term Rentals with Joe Prillaman

All in on Short Term Rentals with Joe Prillaman

Joe Prillaman is a real estate investor and agent with The Short Term Shop. He's been investing since 2018 in long term rentals, short term rentals, and mid term rentals across North Carolina. He was born and raised here and loves helping people get started. He's still house hacking on Carolina Beach and trying to get a little better each day.

HIGHLIGHTS IN THIS EPISODE

00:00 - Intro

02:53 - Joe’s Background

03:59 - Current Short Term Rental Market

06:25 - Are People Still Buying?

06:47 - Current Interest Rates

07:38 - Is there a bubble in Short Term Rentals that will burst?

09:31 - Key to Success - Who is crushing it today?

11:14 - The Importance of an Incredible Listing

11:37 - What Joe Is Working On Now

12:06 - Optimization

12:54 - The Importance Of Building A Foundation

13:29 - Short Term Rental is an Active Investment Space

14:09 - Joe’s Portfolio

15:32 - Property Management

17:18 - What Joe Wished He Knew From The Beginning

18:58 - Masterminds

21:09 - Biggest Mistakes and Lessons Learned

23:49 - Long Term Benefits of Investing

26:12 - Taking Risks

27:46 - Advice for the new STR investor

29:24 - Joe’s Goals

30:57 - Accountability

36:12 - Focus On One Thing

39:28 - Connect with Joe

CONNECT WITH OUR GUEST:

Instagram - https://www.instagram.com/joe.prillaman

Facebook - https://www.facebook.com/joe.prillaman.9/

Email - joe@theshorttermshop.com

MENTIONED IN THIS SHOW:

Short Term Shop - https://theshorttermshop.com/

Joe's Podcast with Yonah Weiss - https://podcasts.apple.com/il/podcast/taking-the-leap-and-reaping-the-rewards-with-joe-prillaman/id1515387561?i=1000609147751

Joe's Podcast with Avery Carl with the Short Term Shop - https://www.youtube.com/watch?v=hIQe1VutGx4

Joe featured on BiggerPockets -

https://www.youtube.com/watch?v=4UsgpXbtK4I

Biggerpockets - https://www.biggerpockets.com/

Gobundance - https://www.gobundance.com/

Knox County NE - https://www.facebook.com/KnoxCountyNE/videos/your-town-wausa-nebraska-video-brought-to-you-by-knox-county-improvement-and-pro/352342996371832/

CONNECT WITH OUR HOST:

Derek is a real estate investor with over 30 years in the hospitality industry. He and his wife own both long term and short term rentals and offer management and consulting services to other short term rental property owners. 

Please reach out to connect with Derek at https://www.linkedin.com/in/derekfelch or email him at derek.felch@gmail.com.

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