Short Term Rental Riches

The world is changing and so is the way that people travel. 100 years ago people were riding horses to many of the cities and towns where we now operate short-term rentals. Traveling is now easier than ever and the way we live is changing as a result of that. As investors in short term rentals we are in the perfect position to take advantage of the trends but we need to position ourselves appropriately. 6 people check into Airbnb every second Remote Airbnb location How learning is changing Becoming a part of our changing future For more resources check out restmethods.com

Our environment shapes how we feel. There is a psychology to interior design and there are certain components that comprise any living space. As short-term rental investors, are we creating the best space for our guests and one that makes our guests feel lively? The top 3 live plants to buy How plants can make you feel better Plants clean the air Who will take care of them? For more resources check out restmethods.com

Should you wait to get in to real estate until the economy goes through its next cycle? Will the economy go into recession? What will happen? Who will get hurt the most? How do we protect ourselves from a downturn? Let's discuss:  Doom and gloom — is this for real?  Why some people won’t be affected and others will Oversupply? Who will be the MOST affected? How do you become recession proof? Is that possible? How your returns may go UP in a down economy For more resources check out restmethods.com

There are hundreds of large MSAs (metropolitan statistical areas) and different markets that comprise the whole real estate market and each of them are unique. They have different growth rates, investment returns, laws, etc. How do we narrow down the BEST ones without doing ALL the research?  Discover the shortcuts to finding good markets Why do these markets make sense? The fundamentals of a strong market The sun belt, baby boomers, demographics  Rent-to-value ratio (rent / purchase price = RTV) EXAMPLE: $1,000 monthly rent / $100,000 purchase price = 1% RTV For more resources check out restmethods.com

Asking how much it costs to furnish an apartment is like asking how much it costs to pay a random medical bill in the USA. It could literally be thousands more than you expected (much of which was not necessary) or it could be very minimal. Tim will give you a rough average of what you could expect to spend including:  Where not to skimp on price Where you can save Where to look for furniture The biggest wastes of money you may have not thought about For more resources check out restmethods.com

It’s a big world out there and sometimes we get overwhelmed as investors with the amount of information coming in. There are so many ways to get started investing in real estate but they are not all created equal. We’ll discuss one path that many may find to be the easiest and most comfortable AS WELL AS being the most affordable.  What type of property fits this plan? Why a more comfortable and cheaper investment does not mean BETTER Why you may get discouraged from scaling For more resources check out restmethods.com

What ONE main principle helps you determine whether the investment you are considering is worth while? It all comes down to the numbers. Tim will illustrate how purchasing a $100,000 investment is no different from purchasing a $10,000,000 investment. A quick story to illustrate how numbers will make the decision for you Why is a large deal no different than a small one? Don’t become emotionally attached Know what return you are comfortable with Where can I find an analysis spreadsheet? For more resources check out restmethods.com

Finding a property can be difficult. Luckily there is a position for that! Brokers and real estate agents can be your key to the ultimate property deal, but how do you find them? What are the keys to building a strong relationship with them? Leverage their market knowledge Leverage their contacts Did you know it doesn’t cost you anything as a buyer? Making sure you know your search criteria For more resources check out restmethods.com

The hotel and airline industry have been monitoring their pricing dynamically for years; every short-term rental operator should be doing the same. The supply and demand in your market changes everyday and so should your prices, but that’s a lot of work right? Not anymore. Let's dig into the basics of dynamic pricing and how you can automate this crucial component. You’re leaving money on the table if you’re not using one Are you pricing too high or too low? How do you price appropriately for events? Seasonality? Is your occupancy too high? Is there even such a thing? For more resources check out restmethods.com

Are you wondering how much you’re spending on housekeeping materials, linens etc.? Maybe you don’t like bookkeeping so you’ve gotten behind. The larger your portfolio and business gets the more you need to track and the more tedious it gets. Check out Google forms! How to use them in your short-term rental business Eliminate extra steps Get organized! For more resources check out restmethods.com