Short Term Rental Riches

Discover a streamlined three-step formula to enhance teamwork and organization in the fast-paced short-term rental industry. Learn how to utilize tools like Notion and Google Forms effectively. Explore the benefits of Hubstaff for tracking virtual work. Uncover the importance of clear job roles and personal touches in a busy work environment. Plus, get insights on automated forms to enhance team accountability and communication—all designed to save time and boost productivity!

I’m just getting back from my 3-week tour in the US and reflecting back on some of the simple mistakes I made. I have been loosely looking for property in San Antonio, TX for a couple of years. I think it’s a fantastic market but I found a property I liked in a city where I don't currently have a property and am not currently working with anyone a brand new market for me you could say. I emailed the broker I was referred to and didn't get much help; bad start. I met them there and I knew more than they did; bad second encounter (although it does have something to say for how much you can learn from thousands of miles away). The second I left the property I was kicking myself for having begun the “purchasing process” with the wrong agent. This week we’ll discuss the value of your agent/broker and a few tips for making sure you are with the right one My history as a broker /agent Finding a broker /agent Can you make a good relationship remotely? What's their experience? The value of a broker Long term goals - a lifelong relationship   Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live event, short-term rental playbook, Instagram, and more!

Exploring the world of property inspections, the host highlights their recent whirlwind tour across seven cities. They emphasize the importance of verifying what you pay for to avoid costly surprises, like sewer issues. Listeners learn about the different types of inspections and how to leverage them for better negotiating power. Personal insights from the host’s experiences reveal tips on interactions with property inspectors and uncovering hidden property histories. This is a must-listen for anyone diving into real estate investments!

Since the invention of the air conditioner people have had the ability to live comfortably in hot areas. It wasn’t that long ago that the southern part of the USA, what's commonly referred to as “the sun belt” was more of a ghost town. Today it’s booming! In fact more retirees are choosing to live in areas in the sun belt than ever before. States like Arizona, Texas, Florida have all seen huge population growth over the past years.  Couple that with the fact that more people are working remotely than ever and I believe the “sun belt” offers lots of good investment options in the USA. It’s comprised of 22 metropolitan statistical areas (cities with over 1 million people each) so if you’re currently searching for your next potential property this might help you narrow things down. Lets discuss the move to warmer climates this week and I’ll also provide an easy go-to website for you this week to get some great annual city statistics :)This week let’s discuss: The sun belt Demographic trends City Population Growth Easy access to weather stats Weather’s effects on tourism Check out weatherspark.com. Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live event, short-term rental playbook, Instagram, and more!

This discussion dives into the concept of weak points in the short-term rental business. The host shares a relatable tech disaster that prompts reflection on preparedness and contingency plans. Insights from the book 'Antifragile' are explored, illustrating how breaking points can ultimately strengthen your business. Strategies for building resilience and managing stress are highlighted, emphasizing the importance of stability in growing your rental portfolio. Tune in for valuable tips on safeguarding your operations!

Checking out a new city and want a brief overview? We’ve talked before about several places to go for short-term rental data but before we even get to that step we need to make sure the overall city or area where we are investing has good fundamentals. Should “crime” be one of those fundamentals? Is the city you are investing in “dangerous?” This week we’ll dive a little deeper into the subject of crime and your rentals but also talk about this a new tool to easily uncover things like population growth and employment. An easy tool to help us easily lots of general information about an area to make you more comfortable before pulling the trigger on a new property! In this week’s episode, let’s take a look at:  City overviews Real Estate Trends Demographics Crime Schools Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!

Explore the art of crafting impactful titles for short-term rental listings, where just ten well-chosen words can drive bookings. Discover essential strategies like maximizing character limits and appealing to your target audience. Learn to spotlight your property's best features and avoid redundancy to stand out. With a touch of creativity and some catchy phrases, your listing could capture attention and boost reservations!

It’s a bit scary pulling the trigger on a new property purchase in an area you don’t know too well. Luckily we have quite a few options these days to get a great overview as to what the occupancy could be; a crucial metric in determining the success of our short-term rental. If no one stays there then obviously we’re not going to do well. So we have to get it right. We’ll talk this week about multiple tools that can all help us accomplish the same thing and by using them all we can make a confident prediction about a new market we may want to invest in.Stay tuned as we dive in to: 4.5 websites to find your occupancy data What metrics to look for The problem with “Top Airbnb City” reports Feeling comfortable with your occupancy forecast Here are the links: All The Rooms, Mashvisor, Airdna, PriceLabs Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live event, short-term rental playbook, Instagram, and more!

Delve into the world of luxury vacation rentals and the unique risks they carry. Discover essential principles for evaluating these investments, including break-even occupancy and the importance of emergency funds. Learn how to assess your financial readiness and why backup plans are crucial. Gain insights into navigating regulations and the potential for long-term rentals in case of market fluctuations. This insightful discussion encourages mindful investing while you'll dream of chic properties!

Discover the crucial role of soap in enhancing guest satisfaction in short-term rentals. Explore the essentials for every room, from bathrooms to kitchens. Learn about different types of soaps and their displays, whether to opt for dispensers or disposables. Dive into housekeeping tips and the pros and cons of soap pods versus powders. Is high-end worth it, or can you save with cheaper options? This episode covers all the sudsy details to ensure your rentals smell great and keep guests happy!