The Short Term Show

Pavan Mediratta and his wife Tracy left their corporate jobs - “retiring” to manage their vacation rental business with greater success than they imagined possible. Their business has boomed because they continued to make great purchase decisions and continued to self-manage all their properties.  In today’s episode, Avery Carl picks Pavan’s brain about topics ranging from his short term rental buying decision-making process to choosing a housekeeper. He shares insight into the way he negotiates for a property in the current extremely competitive housing market to make sure he gets the properties he wants. There are few people with his level of experience in the vacation rental market so this episode is once again brimming with great advice for new and experienced investors alike. Discussion Points How Pavan Mediratta got started in short term rentals The markets they focus on The important things to consider when managing a rental remotely Finding the right housekeeper How to deal with cleaning and maintenance problems Changing from long-term rentals to short term rentals Walking away from a steady income Choosing a unit according to its size Identifying a market to go into Good markets/deals in the past vs current market conditions Advice for “young Pavan” Favourite Book Dispelling limiting beliefs of new investors Resources  The Short Term Shop University The Short Term Shop Facebook Group Cashflow Quadrant Book

Avery Carl - real estate agent extraordinaire hosts The Short Term Show - the podcast with a focus on short term investment for long term wealth in real estate. Husband and wife team, Luke and Avery Carl, together with a great team, run a successful short term real-estate business called “The Short Term Shop”. Avery and Luke co-founded the business after realising that there’s a market for people who want to get into investing in short term rental property - but don't know where to start.  The guest today is none other than Avery’s husband Luke. He is the education and management specialist for The Short Term Shop University while Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from anywhere in the world. Discussion Points Luke’s Background Getting into real estate investing Luke’s First Deal First Single Family home Long term rental investment Why do short term rental investments? Getting advice from the “enemy” on getting started in short term rentals The value of a mentor Structuring a partnership in property investment What constitutes a good deal? Managing a property Hiring a housekeeper Avoiding bad reviews by weeding out bad guests Software to assist property management Advice for “newbie” short term rental property investors Luke’s most recent favourite book Resources  The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs The Six Week Rule (STS YouTube) Don’t be a Dick (Book)