How to Make Money with Short Term Rentals, with Avery Carl

Avery Carl bought her first rental property at age 26 on a $37,000 salary. Through strategically investing in short term rental properties in mature vacation rental markets, she was a millionaire by 31. She now owns a portfolio of 24 properties and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom. What you’ll learn about in this episode: How Avery got involved in short-term real estate in mature vacation markets, and how she learned to maximize income from her properties What differences are found between AirBNB and destination vacation rentals, and why many different factors impact the profitability of a property How Avery works closely with new, unseasoned investors, and what options are available for getting started without a down payment What kind of numbers you can expect from a vacation rental property, with example numbers to help you determine what would make a great rental How Avery manages her short-term rental properties and deals with maintenance issues or other problems that might arise without the expense of a property manager Why it is important to trust your instincts, believe in yourself, and find a way to make it happen and go for your goals What mistakes Avery has made over the course of her experience in short-term rentals, and what lessons she learned Why the first step to getting started is to research the area’s short-term rental regulations and requirements and ensure you aren’t violating HOA rules How “channel manager” platforms can streamline and automate a lot of your communication with guests to minimize the time you spend Resources: Website: www.theshorttermshop.com LinkedIn Page: www.linkedin.com/in/averycarl Twitter: @shorttermshop Facebook: www.facebook.com/theshorttermshop Instagram: @theshorttermshop Additional resources: Real Estate on Your Terms by Chris Prefontaine SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoach.com/QLS Smart Real Estate Coach Podcast Sponsor: Paul G. Dion CPA, CTC