Short Term Rental Management

This week Luke is joined by Michael Baum! We get to hear the perspective of someone with just one STR, which is also Michael's second home. They talk about how Michael manages everything himself,  the importance of getting all the basics right, making sure your rentals have enough appliances and more!   Michael is a retired engineer. He's 54 with a degenerative neurological disorder which left him fully disabled. They bought their place in North Idaho on Lake Coeur d'Alene in 2017. It is his first and only STR. They have all 5 stars on AirBNB and VRBO. Married with 3 adult kids. Our youngest is at Washington State University studying to be an architect. 3 have 3 grandchildren!   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

This week Luke is joined by a cohost, Tim Grillot to discuss all of the data available to investors in the world of STR. They get into how Tim analyzes his deals and how important it is to become and expert and immerse yourself in your market. They also talk about the importance of being realistic with yourself and your investment, some common misconceptions, and more!   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

This week we get to hear a bit of Luke's origin story on this solo episode. Luke chats about being from Nebraska, living in New York City, the strategy he and Avery used to save up for their first investment property, and more! He reminds us all that getting involved in real estate is possible, but it will NOT be easy.   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

On this week's episode Luke sits down with Mark Vondrak and Dave Stokley to discuss AirBNB management! They talk about why they chose STR over LTR, what it's like cohosting in Cleveland, and what the regulations are like there. They also chat about appeasing the AirBNB algorthim.  Mark Vondrak is the Co-Founder of Host Pros where he oversees the day to day operations of the team. Born, raised, and still living in Cleveland, Ohio, Mark first got involved in Short-Term Rentals (STRs) in 2016 and has since helped build Host Pros into Northeast Ohio's Top Rated Short Term Rental Company. An avid traveler, Mark has visited 30 countries (and counting) with a couple of his favorites being Colombia, Iceland, Portugal, and Peru. Looking for an easy ice-breaker? Just ask him if he has ever been to a certain country and it will be sure to have him rambling on for hours.  Mark loves being active and spending time outdoors. In October 2022 he completed the Chicago Marathon and has sights on qualifying for Boston in the future. Dave Stokley, aka the "Grim Sweeper," is a Co-Founder of HostPros and a lifelong Clevelander who has been investing in Cleveland for over seven years. At HostPros he fills the "visionary" role and handles most of our business development. He's passionate about big dreams, change, hustle, the power of people, animals, nature, baseball, Cleveland, cilantro, and sour beer.   Connect with Mark and Dave: www.hostproscle.com Instagram    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

On this week's episode Luke is joined by a special co-host, Aaron Gardiner. Aaron and Luke share stories of getting properties ready for rental, where to start, what to prioritize and more. They also have some helpful tips on how to build better relationships with the labor workers in your market.    More about Aaron: Christian, Husband, father, business exec, Athlete, Investor Father of 2 Daughters Married 24th year business executive - same company 23 years (began in entry level sales) 12 Time Ironman / Qualifier and participant in the 2017 Ironman World Championships Historical Investing was stock market, pivoted to RE, but still invest in Stocks Wife very active in the RE business Newer RE investor - 2 years - Began in LTR's and got into STRs (Smoky's and Santa Rosa) Plans to expand aggressively over the next 4 years Focus on educating children and extended family on investing   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

 On this week's episode we are reading reviews! Luke takes us through the good, the bad, and the ugly reviews to reflect on how to be a better STR host.   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA  

 This week Luke sits down with Patrick Andres to discuss remodeling your STR. Patrick walks us through his experience remodeling a beach front home in Panama City Beach as well as an old law office from 1887 in Tuscaloosa, AL. They talk about finding labor, supply shortages, contractor red flags and more.     How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram  Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube   For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

This week Luke is joined by HVAC expert David Gavin! They discuss the importance of maintence on your HVAC systems and the best HVAC systems for Florida/saltwater. They also talk about the differences in HVAC systems based on the climate you live in.    How to connect with David: Sowal Air Cooling & Heating LLC Phone: (850) 866-7236   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

  This week Luke is joined by 3 lovely guests; Chuck Kramer, Ethan McCarty, and Cindy Allen! The topic of today's panel is property management software. Each guest gives us their personal experience with their preferred PMS, the good the bad and the ugly. If you've ever wondered which PMS might be best for you, this is the episode for you!    How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

 On this week's episode, Luke is joined by Josh and Karen to discuss all things STR insurance. They chat about captive agencies, dwelling policies vs. homeowner's policies, umbrella policies, and much more. We also get some insight from Karen on what's going on with insurance in Florida right now.    How to connect with Josh: Thirddoorins.com email: Josh@thirddoorins.com Phone: 865-803-2268   How to Connect with Karen: Kirkland Insurance email: Karen@kirklandagency.com Phone: 850-784-7974   How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/