Avery Carl, a savvy short-term rental investor, shares her wealth of knowledge on navigating the STR market. She reveals how she manages five properties in under 30 minutes a week using apps and systems. Discover her tips on self-management versus hiring pros, as well as her strategies for effective marketing and handling online reviews. Avery also discusses buying properties with just 10% down and the importance of diversifying investments. Tune in for actionable insights that make short-term rentals profitable and manageable!
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Market Selection
Target mature vacation rental markets (e.g., Gatlinburg, Pigeon Forge) over metro markets.
Mature markets offer stability due to established rental history and regulations.
volunteer_activism ADVICE
Long-Distance Vacation Rentals
Invest in long-distance vacation rentals like local properties.
Hire a cleaner, handyman, and utilize a smartphone for management.
volunteer_activism ADVICE
Finding Local Help
Find reliable cleaners and handymen by networking with other owners on platforms like Airbnb and VRBO.
Leverage existing contacts to expand your network of local service providers.
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The 10X Rule
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Long-Distance Real Estate Investing
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Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!
On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!
You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.
Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!
In This Episode We Cover:
Where she’s currently buying
How she balances running a real estate team with investing
How she created systems to help manage her portfolio of vacation rental properties
The difference between self-management and using a management company
How she manages negative reviews online
Her advice for marketing your STR
The apps she uses to automate the STR business
How she buys her STRs with 10% down
What expenses she factors into her numbers for STRs
How she protects her investments from a possible recession
How she diversifies her risk between long-term and short-term rentals
How she uses her first properties when buying additional properties
BiggerPockets Real Estate Podcast 
