The Short Term Show

Gerald Pitts has achieved full financial independence through his short-term rentals. Initially working a full-time job, Gerald was able to leave that position just based on his financial returns from two rentals. Now his number of properties just continues to climb. Gerald has experience with a diverse range of loan options as well as properties throughout the US.   In this episode, Avery speaks with Gerald about how he got started in the market, as well as the importance of just pulling the trigger and diving into the world of short-term rental investments without letting your hesitations and concerns delay you too much from buying your first property. They also discuss the lack of importance of physical proximity to your rentals and the other resources that one can depend on should an emergency come up. Gerald and Avery both discuss their opinions on quitting your job to enter real estate part-time, and the role of financial and real estate education play in one’s investment journey.   Key Topics How Gerald got started in investing Markets in which he operates How the STR market is forgiving Advantage of just pulling the trigger Benefit of relying on professionals to handle emergencies Why proximity doesn’t matter Different types of real estate loans Importance of financial education   The Values Factor Rich Dad, Poor Dad Cashflow Quadrant  julie@shorttermshop.com IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Michael Albaum is a professional Program Manager, real estate investor and the Head Real Estate Coach at Roofstock, where he works with real estate investors in their paths to making acquisitions and getting started in the industry. He has worked in the real estate world for almost a decade and has worked across many different markets and investment types from SFR to NNN commercial properties. He is a true expert when it comes to overcoming your mistakes, and really making the most out of every one of your units.   Avery and Michael speak about his diverse range of real estate assets from the Smokey Mountains to Alaska. He also speaks frankly about some of the hurdles he faced early on, and how he was able to lick his wounds and take the necessary steps to become the successful person that he is today. They also discuss the importance of finding your niche rather than having units that span across too many territories, and the benefits of doing a 1031 exchange of more stressful units. Michael additionally stresses the importance of diversifying your income streams and how doing so will open you up to a world of possibility.    Key Topics Perks of narrowing down your market focus How to mitigate risk Benefits of breaking down monthly financial responsibility Perks of renting in Alaska How to take some licks and move on Tips for getting rid of stressful units Michael’s role with Roofstock Importance of having multiple income streams Why STR are a savings account Value of networking   Roofstock Rich Dad, Poor Dad The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO

Derek Tellier is an agent at the Short Term Shop and is a very successful real estate investor. A rock and roll lover and a Harley Davison expert, Derek was working a W2 job when he first entered the world of real estate. However, he has now achieved enormous success across several markets spanning multi-family homes, condos, and homes. He is a member of exp Realty and continues to grow his real estate portfolio due to his willingness to take risks, and put in the necessary effort to succeed.   Avery speaks with Derek about how he just got into the real estate market, and the value of finding trustworthy mentors and partners in your rise to success. They also speak about their direct experiences with the sacrifices needed to create a solid business and foundation and how people often glamorize their individual paths to success rather than actually acknowledging the grit that it took to get there. Derek goes in-depth into the many properties that he currently owns, and the knowledge he has gained about the diversity of the market, financing, and getting loans along the way in his real estate journey. Most importantly, Avery and Derek talk about the leap of faith it takes to any hard decision, and how sometimes you just need to bite the bullet and take a chance on yourself.   Key Topics How Derek got started int eal estate Tips to finding a solid partner Sacrifices that people must make in business How to deal with properties with a rental history Different reasons people chose to invest Diversity of the real estate market Tips for building a strong community Suggestions for financing your homes Techniques for getting loans Importance of taking a leap of faith   Quicken Derek’s Website Derek’s Instagram The Big Leap The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO

In this episode, Avery speaks with Josh about his interesting entry into the world of real estate and the success that he has reached today across multiple fields. Working as a commercial producer, Josh got cancer which opened his eyes to the risks of only having a single stream of income. Josh discovered real estate while he was still sick as a way of diversifying his income and maximizing his gain. Josh now works through many different markets and has both short-term and long-term rentals throughout the country.   Josh and Avery speak in-depth about the differences and similarities between a variety of rental markets ranging from Kansas City to the Smokey Mountains. They speak about the specific intricacies of each market from purchase to managing long-term. Josh extrapolates on his experience renovating rentals and techniques one can use to prevent maintainence calls and minimize loss, as well as what he typically looks for when picking a property. Lastly, Josh speaks about his unique experience managing properties as his side hustle, and how a rental property can essentially be a long-term savings account for those with other jobs.   Key Topics How Josh entered the real estate Dangers of having a single stream of income Value of diversifying one’s portfolio Tips for using property compliance officers Similarities between rentals across markets Benefits of fixer-uppers How a STR is like a savings account   Rich Dad, Poor Dad The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Emir Dukic is a man of many skills. He operates Rabbu out of Charlotte, NC, which not only offers premier, top-notch vacation rentals but also maintains a highly diverse portfolio across Southeast USA that helps standardize and generate data from a highly unpredictable and ever-changing industry. Rabbu functions as a full-service rental management platform that helps property investors make the most out of their investments. A survivor of war and cancer, Emir has reached great success despite the enormous hurdles that he has had to surpass to get there.    Avery speaks with Emir about his path to getting into the STR rental industry, as well as the basis with which he founded his company Rabbu. They speak specifically about the southeastern rental market and why it is such a hot spot amongst rental owners. They discuss the different services that Rabbu offers and the urban and vacation markets in which it operates. Amir shares his tips on finding the very vest properties, as well as how to choose a STR business path that is both successful, but not too heavily swayed by the decisions of others.   Key Topics Opportunity in the southeastern USA Services that Rabbu offers The benefit of using data services How to utilize data in the STR market Emir’s personal STR experience Opinion on catering to travel nurses How to choose your STR path Importance of being decisive in the rental market Links Rabbu Furnished Finder The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Karan Narang is the founder of Adventure Awaits Vacation Rentals, a company that he operates alongside his wife in Dallas. They have a passion for traveling around the world which has greatly impacted their desire to create comfortable short-term rentals for travelers everywhere. In addition, Karan also operates within the relocation housing world, offering medium-term housing to temporary residents through insurance companies as well as longer-term rentals.   Avery speaks with Karan about how he got started in the industry, and how his desire to shelter his income in a diverse range of assets made him interested in the rental market. They additionally speak about the specifics of providing relocation housing and how it allows for additional profit through small income streams. Karan speaks candidly about how small charges for things like pet fees and cleaning fees can help lead to maximum profit. In addition, they speak about the specific areas in which Karan operates - their strengths and their weaknesses.   Key topics How Karan got started Importance of diversifying your rentals Benefits of charging small fees How relocation housing works  How to qualify as a real estate professional How to expand your STR Specifics of the Broken Bow market Tips for financing your rentals Suggestions for pivoting your rentals   Who Not How  Adventure Awaits  Short Term Rental, Long Term Wealth The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs  

Reagan Natho is able to increase her STR potential while traveling throughout the US by living in an RV with her husband and two children. Reagan maximizes gain by living a nomadic lifestyle, enjoying the perks of traveling, and seeing the world with her family at the same time. She has an ever-expanding number of STR around southern USA, with a focus on the Tennessee market. Avery and Reagan speak about how to manage unusual properties and how to ensure that you get upstream of bad reviews based on unavoidable rental factors such as steep driveways. They also discuss the politics of new constructions, common assumptions around them, and how to avoid common mistakes. Reagan also speaks about the benefits of living in an RV, and how it might impact second home loans. Lastly, Reagan and Avery share their perspectives on the dangers of analysis paralysis and the importance of both doing your due diligence and taking the leap of faith.   Key Topics Benefits of short term vs long term rentals Value of getting upstream of bad reviews Workarounds for steep roads with nice views Common assumptions about new constructions Perks of living in an RV Intricacies of the second home loan Downsides of hot tubs The benefit of getting started early Reasons to avoid analysis paralysis  Importance of doing your research into your markets   Reagan’s Instagram Short Term Rental, Long Term Wealth The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Alex Sabio is a member of the Short Term Shop and a real estate investor with Alpha Geek Capital. Respiratory therapist by day, he is a master of creating STR that prioritizes cashflow within several markets nationally. When he first started out in the workforce, he felt limited by societal pressure to work in the medical field. However, he was able to shed that limiting belief and achieve enormous success in both the medical and real estate fields.    In this episode, Avery speaks with Alex about lessons one can learn from bouncing back from failure and how hitting rock bottom can be used as a tool for minimizing mistakes and maximizing success. Alex shares his learned advice on the dangers of limiting beliefs, and how they can get in the way of optimal success. They go into depth into tips of the trade, like how to work with lenders and the value of trusting your instinct. They also speak about their advice for picking your market, and tips of the trade from the dangers of purchasing homes in tourism funnels to the importance of documentation of customer conversations. Avery and Alex delve into how to succeed in the real estate industry despite roadblocks that might get in your way.   Key Topics Tips for bouncing back from rock bottom Lessons that can be learned from failure How STR prioritize cash flow Dangers of purchasing homes within tourism funnels Tips for working with lenders Dangers of limiting beliefs Perks and downsides of pools Importance of documentation   Alpha Geek Capital Can’t Hurt Me Book The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Short-term rentals allowed Zach Busekrus to turn the terrible COVID situation into an amazing journey. Taking the opportunity to work remotely by the reins, Zach has traveled the country since staying in Airbnbs all throughout the country with his wife. He is the brand strategist and founder of Enrollify, a learning hub that would help equip admissions and marketing professionals with ideas on how to better optimize the resources they do have to generate the results that they need. Throughout the past years, Zach has stayed in dozens of Airbnbs across the United States and has an amazing perspective on what makes his favorite rentals memorable and where others can improve.  Switching up the podcast and speaking with an Airbnb guest rather than a host, Avery speaks with Zach about his journey into becoming a digital nomad and how short-term rentals have allowed him to see the world around him in a whole new way. Zach also utilities his great deal of experience staying in Airbnbs to share his thoughts on certain considerations that short term rental owners should take into account, for example, specifics in managing customer relations, the purchasing of furniture, towels, sheets, and commodities as well as his experience with common STR items like Nest cameras and digital thermostats. They discuss the importance of marketing your rental to the type of renter that you would like to attract, as well as the small things that one can do to elevate their rental and bring in more 5-star reviews.   Key Topics Experience of a digital nomad How to bring your short term rental perks into the context of the home Considerations of leaving condiments for guests Perks of using different forms of shampoo/conditioner bottles Benefits of digital locks and thermostats Tips for attracting longer term stays Managing pet-friendly homes How to be a receptive, understanding host   Four-Hour Work Week  Deep Work Behind the Stays Podcast Sponstayneous  The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Hans Struzyna is not only a true professional in the luxury real estate market of the Bay Area, but he is an award-winning Olympic medalist who competed in the Rio Olympics. With a solid background of skills that athletics have endowed in him with like dedication and persistence, Hans regularly works with multi-million dollar listings and investments, and is named one of the top 2% real estate agents in the East Bay and is in the top 10% of real estate agents in all of Northern California. In addition to his work in real estate, Hans is also a coach and public speaker where he shares his skills to achieve success and turn money into opportunity and a brighter future.   Avery speaks with Hans about the skills that athleticism has taught them and how they bring them to the professional world. Attributes like coachability and willingness to push through discomfort are both invaluable skills when entering any industry. They also speak about how Hans got his start in the real estate markets and how he went from working on foreclosed homes to operating as one of the most successful real estate agents in California. Hans and Avery dive into the dangers of limiting beliefs, and how they can hold someone back from achieving success, as well as the necessity to use your existing skills to expand the price of your units without getting bogged down by the extra zeros. Don’t focus on ‘bigness,’ just check the boxes to get there.   Key Topics How Hans moved from athletic to professional world Transferrable skills from athletics Value of coachability  Skill required to get through something initially uncomfortable How Hans got his start in real estate Challenges of the luxury market Common limiting believes in the investment industry Tips for investing out of state Importance of building a strong team Value of learning from experienced sellers How to turn money into an opportunity   Hans’ Course - The Luxury Market Workshop Hans’ Website The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs