Short Term Rental Management

This week Luke is joined by Kyle Lancaster! Luke and Kyle talk about Kyle getting started in real estate at 19 and owning his first property at 22. They also discuss knowing when to terminate a contract to pursue a better deal, Kyle's biggest lesson learned, encapsulating crawlspaces 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

Today we're talking all about vacation season! School's out for summer and hopefully your June and July calendars are already booked because it's time to start thinking about booking September. Luke also talks about an interesting phone call he received recently, leaving the past in the past, 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 Luke sits down with the founder of Boostly, Mark Simpson to chat about needing to diversifying your portfolio. They talk about Mark growing up in the hospitality industry, how to "compete" with larger companies, and the importance of knowing your guest avatar.    How to connect with Mark: Instagram: @boostly.uk   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 his amazing wife Avery! We get to hear a bit of Avery's origin story from graduating college to touring in a band, to living in NYC where she met Luke. They also discuss being on the same page as your spouse, the importance of changing your mindset and getting uncomfortable, as well as what's next for Avery.   How to connect with Luke and Avery: 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 another lovely Short Term Shop agent, Yok Re! Yok and Luke are having a casual conversation about the economy this week. They discuss inflation, interest rates, profit margins, how real estate is changing 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 Luke is joined by cohost Joe Prillaman to talk about prepping your listings for May (and September) bookings. They discuss the importance of getting ahead of your May bookings, "tickling" your listings as needed, the best ways to separate your May rates from the rest 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 Luke is joined by the Queen of Guest Experience at Touch Stay, Tyann Marcink! They talk about all things 3rd party management. Tyann stresses the importance of setting boundaries and expectations with each client, knowing your target guests and how they prefer to find your listings, the highlights of Branson, Missouri 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 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