The Short Term Show

Corinn Altomare is the CEO and founder of Hearthfire Holdings. With a decade in the real estate market, Corinn is no stranger to the inner workings of the industry. Originally starting as a side hustle to accompany her music career, Corinn’s portfolio steadily grew and real estate became her full-time job. Working alongside her family members, she currently has a portfolio of over $30M. In addition to her experience renting homes of all sizes, Corinn has recently uncovered profitability in the self-storage RV industry.    Avery speaks with Corinn about her experience in the industry and how she got her start in multiple areas of the market. Through her experience growing a business of her own, we speak about the best techniques to use when scaling a business, as well as how to manage your company while simultaneously trying to manage important aspects of one's personal life like raising a child. Corinn speaks honestly about the value of having different personalities within your company and how different people may be suited to particular roles. We also discuss the inner workings of the RV market, how they have shifted since COVID and how RV rentals might differ from multi-family home rentals.   Key Topics Value of building to scale The benefit of assigning responsibilities based on personality  How to enter the RV rental business Managing a business and raising a child  Massive demand for RV rentals  Impact of COVID on the RV rental market Average, dynamic RV rental rate Managing mileage threshold Inner workings of RV resell units How growing your business can be fun Value of building a strong network   Hearthfire Holdings Who Not How Ayn Rand The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs

Tim Grillot may be a newer investor in the short term market but he is quickly taking the necessary steps to achieve great success in the future. With key rentals in the Smokey Mountains and Gulf Shores, Tim is a member of the Short Term Shop who will stop at nothing to expand his rental market. Recently, Tim sold his home and moved into an RV to raise money to buy new rentals. Due to his strategic planning and willingness to take risks, Tim has been able to accumulate new rentals at a rapid pace.   Avery speaks to Tim about techniques he recommends when starting out in the short-term rental sphere and the benefits of learning from your mistakes when you are first starting out. Specifically, Tim describes his experience with natural disasters and how it taught him about the value of loss of use insurance. We additionally speak in depth about how to secure money for investments even if you may not have a lot of liquid funds starting out. Tim should be a role model of anyone hoping take the plunge and enter the real estate industry themselves.    Key Topics Strategies for starting out in the market Value of learning from your mistakes  Tips for Identifying your key market How to overcome natural disasters  Necessity of loss of use insurance How to go about financing real estate investments without a large amount of lucid funds Commercial vs conventional financing Benefits of moving into an RV to finance future rentals The only way to learn is to do it and take the risk Turn problems into processes 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  

Robert Gonzalez is the COO and co-founder of MyBooks.PRO a company that provides financial stability and profitability for real estate agents, professionals and investors. Having worked with a diverse range of people and businesses, Robert has a keen understanding of the biggest issues in the industry and how they can easily be solved through careful financial management. So many people are good at selling real estate, but not good at the books. That’s where people like Robert play a role.    Avery goes in depth with Robert about the important role that a bookkeeper can play in helping a real estate powerhouse keep their finances in check. In addition to covering how to minimize loss and maximize profit, we also discuss the benefits of careful financial planning and understanding where every cost related to your properties comes into play. Robert emphasizes the importance of tracking your expenses and how a bookkeeper can help you maximize your success while understanding your finances in a digestible way.   Key Topics Importance of understanding your inward and outward cash flow How to minimize losses and maximize profit in your investments  Benefit of breaking down specific costs of running a business How to view your cost reports in a digestible way Benefit of tracking even the smallest charge throughout the year Value of tracking assets and liability  Distinguishing charges without separate bank accounts Importance of immediate communication when making a personal purchase on a business account  When is the right time to get a booking company Bookkeeper expectations   calendly.com/mybookspro - 20 spot free strategy sessions - List short term show in notes  Mybooks.pro The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO

Travis Zappia might be young, but he is already on track to retire by 33. Generating hundreds of thousands of dollars a year solely through his short term rentals, Travis has tapped into several markets including Orlando and the Smokey Mountains. He is an expert when it comes to understanding how to generate positive cashflow and make the most out of your real estate investments. Having started at a young age, Travis is a shining example of how someone can increase their profits at a young age through specific investment strategies and starting at a young age.   Avery speaks with Travis about how he navigated his investments during COVID, how he got his start in the market and how he plots his strategy to the different markets in which he works. We also speak about how techniques that people can use to start investing early from 20% down loans to 15% down loans and how this might change with different sizes units. Travis and I additionally speak about how to manage your unit from afar, and the importance of building a strong team that leaves your rental in capable hands.   Benefits of the Florida market around Disney World Differences between Smokey’s and Orlando Pivoting rentals to different markets with COVID Why to pick short term rentals vs long term The benefit of being physically close to the property How to set up on-site teams Techniques for managing properties from a distance Benefits of purchasing with 20% down loans and lower   The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs The ONE Thing Rich Dad, Poor Dad  

Two of the most tricky short-term rental strategies that exist are Tiny homes and Glamping sites and today’s guest on The Short Term Show - Robert Absolo is acing it in both those areas. After a slow start, thanks to some early hesitations and “overthinking” deals when he was in his twenties, Robert has built up his short term rental portfolio to become a Tiny Home- and Glamping -genius. With multiple extremely profitable listings on Airbnb and Airstream, he openly shares the numbers on his costs and profits from his Tiny Home investments.  Your host, Avery Carl gets into the nitty-gritty details with Robert around what it takes to choose, invest in and run a short term rental Tiny Home successfully.  Discussion Points Robert’s background in rentals Advice on getting into “Tiny House” rentals Types of Zoning Working with Government officials Cost and timelines associated with building approval Tiny Houses on Wheels vs Tiny houses on a fixed foundation Airstream and Airstream Community Number details on Robert’s Listings Owning property in California Financing these builds How to choose your market Advice Robert would give 20-year-old Robert Advice to new investors A book that impacted Robert’s mindset   Resources  The Short Term Shop University The Short Term Shop Facebook Group Robert Abosolo YouTube Airstream BRRRR Book  

Scriven Hoefs, a business development specialist with expertise in Construction and Oil and Gas, shares invaluable insights on leveraging your real estate portfolio while maintaining a long-term W2 job. He discusses innovative strategies like land flipping and the reverse BURRRR method. Scriven emphasizes the importance of personal mindset and building effective partnerships in business. He also offers practical advice on identifying the right real estate markets and gradually scaling business ventures for sustained success.

Rachel Gainsbrugh is a full-time IT Executive Pharmacist, part-time short term real estate market extraordinaire. After paying off her student loans, she and her husband were looking for a feasible way to catapult their savings in the right direction. Now, Rachel and her husband have listings all throughout the US, and work to help others who are just starting out in the field. She is an expert when it comes to capitalizing on specific markets and a variety of clients to keep her rentals booked and the cash flowing in,.   I speak with Rachel about the benefits of the different markets that she works in - from Atlanta to the Poconos. We also speak about how to go about finding your ideal clientele and how certain markets might cater to different types of people. Rachel and I additionally delve into the prospect of managing pet-friendly listings and the perks versus the costs that might be connected to that decision. We additionally talk about the common fears when just starting out in the industry, as well as the inner workings of the market that people might not initially (but should) consider.    Key Topics Making short term real estate work as a side hustle Hot markets in the country Perks of Atlanta real estate market How to find your clientele  Community service-centered short term rentals Benefits and risks of being pet friendly How to keep your unit clean and pet friendly Time cost of cleaning up between pets Initial risks and reliefs related to new rentals Inner workings of a strong short term rental Common fears and how to overcome them The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs Rachel’s Facebook Rachel’s Instagram Ozone Filter  Bigger Pockets Series Brandon Turner Real Estate Investing Miracle Morning The 1 Thing  

Jeff Lloulian has been in the vacation rental industry for almost a decade. At one point managing hundreds of properties ranging from cozy cabins to luxury mansions, Jeff is additionally an entrepreneur always working to solve interdisciplinary problems in emerging industries. He has a background in both Economics and Philosophy, as well as experience as a lawyer practicing business litigation, cybersecurity and intellectual property. He is the founder and CEO of HostGPO, a company hoping to save short term rental owners time and money by offering them exclusive deals and offers to purchase vital furniture and supplies for their rentals. HostGPO now has 75,000 members between the US and Canada and is expanding rapidly.   Avery speaks with Jeff about his advice for not only investing in short-term rentals but acquiring the supplies and furniture needed to make them a success. We speak about how specific furniture caters to different markets and design aesthetics, as well as tips and tricks of the industry. We go into depth into the must-haves, common mistakes, advice, as well as how HomeGPO can benefit any rental unit owner no matter their experience or the current number of units that they currently have. We additionally speak about the intricacies of different markets specifically, the benefits of building equity and how to navigate the many hurdles that renters face in every part of the business.    How to negotiate deals on all aspects of short term rentals  How to avoid misleading or overpriced offers How to save time and money with higher quality furniture Jeff’s path from managing units himself to managing the company Inspiration behind why Jeff created his company Benefits of arbitrage units for everyone involved Regulations in a high end markets like Malibu Qualifications to join HostGPO Massive inventory options at HostGPO Dangers of log furniture and bed bugs Benefits of joining the HostGPO community Importance of building equity early on Why not to treat the short term rental market as a side hustle    The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO Getting to Maybe HostGPO partners: Standard Textile Public Goods World Amenities  Brooklinen Helix Society6

Jeff Iloulian has been in the vacation rental industry for almost a decade. At one point managing hundreds of properties ranging from cozy cabins to luxury mansions, Jeff is additionally an entrepreneur always working to solve interdisciplinary problems in emerging industries. He has a background in both Economics and Philosophy, as well as experience as a lawyer practicing business litigation, cybersecurity and intellectual property. He is the founder and CEO of HostGPO, a company hoping to save short term rental owners time and money by offering them exclusive deals and offers to purchase vital furniture and supplies for their rentals. HostGPO now has 75,000 members between the US and Canada and is expanding rapidly.   Avery speaks with Jeff about his advice for not only investing in short-term rentals but acquiring the supplies and furniture needed to make them a success. We speak about how specific furniture caters to different markets and design aesthetics, as well as tips and tricks of the industry. We go into depth into the must-haves, common mistakes, advice, as well as how HomeGPO can benefit any rental unit owner no matter their experience or the current number of units that they currently have. We additionally speak about the intricacies of different markets specifically, the benefits of building equity and how to navigate the many hurdles that renters face in every part of the business.    How to negotiate deals on all aspects of short term rentals  How to avoid misleading or overpriced offers How to save time and money with higher quality furniture Jeff’s path from managing units himself to managing the company Inspiration behind why Jeff created his company Benefits of arbitrage units for everyone involved Regulations in a high end markets like Malibu Qualifications to join HostGPO Massive inventory options at HostGPO Dangers of log furniture and bed bugs Benefits of joining the HostGPO community Importance of building equity early on Why not to treat the short term rental market as a side hustle    The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs HostGPO Getting to Maybe HostGPO partners: Standard Textile Public Goods World Amenities  Brooklinen Helix Society6

Julie McCoy is a member of the Short Term Shop and a major investor all throughout the US, focusing on the Smoky Mountains. She started investing in the real estate market in 2017 when she was working in the television industry, but quickly her real estate side hustle became her main hustle. She has now become a full-time Realtor, assisting Investors everywhere reach the same financial freedom that she achieved.   In this episode, host Avery Carl speaks with Short Term Shop member Julie McCoy about her journey in the real estate market as well as tips of the trade that Julie has whether you are starting out in the real estate market or you already have your first few rentals. We discuss aspects of short-term rentals and building new units from scratch that people do not often think about when they first buy land - from septic systems to wells. Join us as we delve into the short-term rental market’s intricacies and tips for success.   What You Will Learn How to make your money work for you The beauty of the short term real estate market How to find your niche What constitutes a good deal What constitutes good cashflow How to customize your land  Importance of knowing your land How to think about septic systems and wells Importance of developing a strong team The Short Term Shop University The Short Term Shop Facebook Group Rich Dad, Poor Dad Cashflow Quadrant  julie@shorttermshop.com IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs