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The Short Term Show

Latest episodes

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Jan 7, 2022 • 32min

Tapping into the Southern Market with Kurt Buchert

Kurt Buchert has many rentals across several markets including Florida and Colorado. He is strategic in his investing in that he not only has rentals in areas that are key lucrative areas but areas where he personally wants to utilize the home as well. Kurt is an experienced investor who has rentals both that he purchased as-is as well as those that he constructed himself, both large and small units, as well as units that were purchased using a variety of loan techniques. Regardless of the specifics of a rental, Kurt is an expert across the board   Avery speaks with Kurt about the intricacies of all of the units he operates and the key decisions he made for his rentals that contributed to his great success. Kurt gives a detailed description of the key factors in his rentals that make them marketable, whether it is more general like location or size to specifics like the presence of a porch swing. Avery and Kurt also discuss the many forms of loans and how to use them, as well as the intricacies of requesting loans from friends and family members. In addition, Kurt discusses the value of getting into the real estate world and the perks of having mentors to support you along the way in your rental investment journey.   Key Topics How to make money through arbitrage  Investment of using your STR for personal purposes Intricacies of operating a rental in Florida Perks and difficulties of constructing your own STR Differences between being a listing agent on new property vs existing listing Benefits of small homes vs large ones Benefit of natural shade and porches in warmer rentals Tips on different types of loans How to pitch to a loan to friend or family member Value of just getting into the real estate world  Value of mentorship The Wealthy Gardener The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs
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Dec 31, 2021 • 1h 3min

Solving Small Problems with Big Solutions with Johnny Duray

Johnny Duray is both a veteran and an expert in the short-term rental sphere. He has a mastery of handling his properties with the necessary expertise and finesse to elevate his potential and his success. With rentals across two markets, Johnny has worked with a range of mortgage options, property types and has navigated setbacks and found long-term solutions for many of the problems that fellow STR property owners face.   Avery speaks with Johnny about everything from managing properties with swimming pools to the inner workings of VA loans. They speak about everything ranging from how to manage staff and making sure that you hire the right people to the difficulties of firing people who are not a good fit. They also discuss how to solve big problems with small fixes, and the value of putting a bit of money down to bolster your reviews and satisfaction of your customers. Amongst other topics, Johnny shares his immense wisdom in how to manage your business and constantly bolster your rentals to their utmost potential.   Key Topics STR mortgaging strategies How to enter the STR world with 0% down Intricacies of VA loans Determining the right location Perks/downsides of having a pool Importance of having good people on your team Challenges of firing staff Knowing a good deal from a bad one  Importance of not getting intimidated  How to solve big problems with small fixes How STR is like a small business  Tips for constantly improving your business   The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs
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Dec 24, 2021 • 42min

Powerhouse Rentals in the Smokeys with Cale Delaney

Cale Delaney is a newer investor in the STR world, but he has quickly risen in success through his diverse range of houses and cabins in the Smokey Mountains. His luxury cabins are not only well located, but they can accommodate large groups of people and offer amazing amenities like hot tubs, arcades, and Peloton bikes. In addition to operating a diverse range of short-term rentals, Cale additionally works as a senior project manager in the construction industry.   Avery speaks with Cale about his path in the real estate investing world and how he got his start operating short-term rentals in the Smokey Mountains. Cale speaks openly about his experiences operating his rentals while also working a day job, and how it impacts his rental strategy. We speak about important factors that every renter from buying units to selling them, focusing on the value of diversifying your assets, and how to know your exit strategy. Cale and Avery discuss why every renter should set their own path rather than following others, and the immense importance of not getting discouraged, especially when you are just starting out.   Key Topics How he got started in real estate investing The inspiration behind renting in the Smokey Mountains Importance of diversifying your assets Managing STR with a day job Value of knowing your exit strategy Managing sticker shock The technique of buying ‘stale’ listings Value of setting your own path Importance of not getting discouraged
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Dec 17, 2021 • 35min

The Power of the Long Short with Julie Gates

Julie Gates is a real estate investor who specializes in pet-friendly “Long Short” rentals in Savannah, Georgia. She operates dozens of rentals that are unique in that they operate to niche markets in all aspects from how they are initially furnished to how they are marketed to the general population. In addition, unlike many short-term rentals, Julie is able to maximize gain by allowing people to bring their pets and charging a pet fee. Operating most of her homes for longer stays, Julie is able to appeal to specialized groups of individuals from people traveling to Atlanta for a month-long film shoot to digital nomads looking for adventure.   Avery speaks with Julie about the specialties of her in-depth expertise in the Long Short Rental. Julie discusses the benefits of setting residency limits in your STR, and how it helps to maximize profit and minimize unnecessary loss. We speak about the intricacies of setting up a STR behind the scenes and the value of specifics such as how to best market your short term rentals, pet fees, and how rental markets are impacted by location, whether the rental is based closer to the city or in a more suburban area. Julia shares her industry-wide advice on the benefit of specializing in your market, and the need to adapt quickly to the ever-changing industry to optimize success.   Key Topics How to operate rentals in Georgia How Julia got started in the industry Benefit of having many different sized rentals How to decorate and market towards your vision Gains of doing your own marketing How to get into longer term rentals Specifics of charging a pet fee Benefits of suburban STR Benefits of specializing Importance of staying technologically relevant   The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Sid Was Here Website Sid Was Here Instagram
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Dec 10, 2021 • 28min

The World of Miami Rentals with Sebastian Geraldo

Sebastian Geraldo is an expert when it comes to the Miami and Florida real estate market, owning many rentals throughout the state and beyond. Miami is not only a niche and effective market to invest in, but a highly desirable one regardless of season. In addition to his work in STR, Sebastian is also a mentor and founder of Airbnbs Miami, a large group of fellow investors who own and operate rentals in the area. Initially working in a different industry, Sebastian fell in love with real estate investing because it allowed him an opportunity to work for himself and take advantage of the flexibility that owning your own business allows.    Avery speaks with Sebastian about how he got started in the Miami real estate market and the hurdles that he faced along the way. Sebastian delves into how he first discovered real estate, as well as the issues he faced during COVID and how he needed to make powerful changes to his investment structure to maximize gain and adapt to the changing time. Sebastian also gives his specific advice on how the Miami market works from operations to the most desirable properties. Avery and Sebastian also speak about common mistakes in the industry, and how someone just starting out can best prepare before diving in.   Key Topics: How to build a real estate community How Sebastian managed during COVID Importance of knowing when to lean down operations What STR look like in Miami Importance of training and learning before getting started How to avoid common mistakes The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Seven Habits of Highly Successful People Airbnb Hosts South Florida
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Dec 3, 2021 • 35min

Inner Workings of National and International STR with Zeona McIntyre

Zeona McIntyre is one of the most experienced real estate investors that has ever been on the Short Term Show. With nearly a decade of experience and a real estate extending many states and countries, Zeona is a true Renaissance woman in the real estate field. Zeona has been renting out short term rentals since she was in college and has a wide range of experience working with both short and long-term rental units, both which she owns and rents. She has a wide range of expertise when it comes to the benefits and pitfalls of renting in different markets, how to find the best rental model for you, as well as maximize gain and cashflow into your pockets. Avery speaks with Zeona about how she got her start in rental units and how her rental portfolio has changed and expanded over time. Zeona shares her plethora of knowledge on international units and their pitfalls, as well as how to manage real estate holdings throughout the country and world without necessarily needing to visit them consistently in person. Zeona discusses her experience furnishing versus not furnishing her rental units, how she is able to manage many of her units from afar and her thoughts on the benefits of short versus long term rentals.    Key Topics Tips for financial independence Pitfalls of managing STR in other countries How to expand your STR repertoire Benefits of medium-term rentals How to use the sweat equity model How to decide whether to furnish your unit   Bigger Pockets Podcast Never Split the Difference  Zeona’s Website Zeona Instagram The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs
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Nov 26, 2021 • 58min

How to Become a 1031 Investor with Dave Foster

Dave Foster is a true veteran in the real estate investment world. He first ventured into real estate investing as a way of chucking his 9 to 5 job and allowing himself the freedom to travel and live his life without corporate obligations. Passive real estate income has allowed him to explore and adventure, without the need for full-time, hands-on management. Though he made a decent profit, he was frustrated by government taxing and only retaining limited gain. However, through using 1031 exchange or through moving into his real estate investments, he was able to maximize profits and build his real estate empire across four sites without paying a penny in capital gains tax.   Avery speaks with Dave about the intricacies of 1031 exchange and how he is able to take his real estate investments to new heights through his tactical investment techniques. He explains in detail how anyone, no matter the size of their holdings, can use 1031 exchange to build financial security and also gain increased returns that they can use to grow their holdings to new heights. Dave also goes in-depth about the work that he does with up-and-coming investors and how he teaches them this simple tax deferral strategy that allows them to build a brighter future.   Key Topics How 1031 exchange changed Dave’s life Essentials of 1031 exchange Federal tax laws and rules behind real estate investing Specifics of 1031 exchange policies How to grow profit and investments The work that The 1031 Investor does Techniques to grow your real estate holdings   The 1031 Investor Dave’s Instagram The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs    
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Nov 19, 2021 • 32min

Automate Your Back Office with Henry Fuz

Henry Fuz is the Head of Product for Relay Financial, a company that provides access to financial products for small business owners. Henry and Relay are motivated to improve the success rate of small businesses by offering powerful financial automation and enhanced data visibility that allows every business to thrive to its utmost potential. Henry is an expert when it comes to his understanding of how to manage your small business assets most wisely, and efficiently so that you can focus on growing your business rather than the complicated financial systems behind them.   Avery speaks with Henry in-depth about the amazing services that Relay offers and how it differs from other brick-and-mortar financial institutions. We also discuss how digital financial services like Relay are becoming part of the new normal. Henry speaks about how the services are crafted to genuinely help small businesses, and why they work especially well for short-term rentals. Relay is able to not only save an individual’s time on the back-end but the system is set up to be easily accessible. Listen to this episode and learn how to take the complicated financials out of the equation. Focus on growing your business and Relay will do the rest!   Key Topics Background on Relay Why Relay works for short-term rentals How Relay handles integrations How to save time using a digital bank Evolution of brick and mortar banks Definition of automated back office How Relay might work for your business   Relay  Relay Twitter The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs
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Nov 12, 2021 • 31min

Power of True Conversation with Ryan Proffit

While working for the Air National Guide for nearly two decades, Ryan Proffit has simultaneously built an ever-growing real estate portfolio. With both short-term rentals and long-term rentals in his wheelhouse, Ryan is continuously growing his impressive real estate repertoire. He is remarkable in his ability to continuously act with integrity and accountability and is able to get access to new deals, and simultaneously propel his business to success by taking the networking out of making true and honest conversations with key figures in the industry.   Avery speaks with Ryan about his experience in the industry and what he learned starting out with his initial investments to the many units that he owns today. She speaks to him about techniques to getting started, from how to secure a business loan to more specific military loans like the Career Starter Loan. They discuss common mistakes that people make early on like panic buys and the risks that one faces. Avery and Ryan also go into depth into the power of connections in the industry and the value of treating everyone who you interact with with respect and kindness, and not only good things but additional powerful connections will follow.   Key Topics Understanding career starter loans Reasons to avoid panic buys The necessity of trusting the data  Importance of bringing extra money to closing Diaspora between risk and large return in the real estate market  Getting off-market deals through kindness  Value of real convos over networking  Long-term vs short-term rentals Why Who you know matters   Extreme Ownership  The Book on Flipping Houses  The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs  
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Nov 5, 2021 • 33min

Intricacies of Passive Investing with Tamar Hermes

You don’t need to be a full-time investor to make significant income in the real estate market. Tamar Hermes is a shining example of this. Tamar has formed strong partnerships where she co-owns rental units. Together with her partners, Tamar and her team have additionally hired the necessary people like property managers and home cleaners so that all of her investments can bring income into her pocket without needing to do work on the ground. Tamar is additionally an expert when it comes to the perks of buying and reselling in a competitive market, as well as how to purchase property with a 401K.   Avery goes into depth with Tamar about what makes for a powerful partnership and how to find strong collaborators who align with your visions for the future. We additionally speak about how to decide on real estate and how sharing investments with others can be powerful not only for your time but your wallet. Given Tamar’s years of experience, we additionally discuss her opinions on the best time to invest, and how to make the most of your investment through strategies like offset and buying a property with your 401K.    Key Topics Value of partnerships in making powerful deals  How to get returns through passive investment  What makes a great partnership and how to create strong collaboration Necessity of off-set Importance of location when deciding on real estate  Perks of buying, selling vs refinancing  Buying property with a 401k   Links Miracle Morning Wealth Warrior Women Wealth Warrior Women Instagram The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

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