The Short Term Show

By Avery Carl

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Description

Welcome to The Short Term Show, the show about short term rental and long term wealth. Hosted by Avery Carl, a short term rental expert who started with 1 property and turned it into 42 in a matter of 5 years. Avery became a millionaire in equity in 3 years and is sharing the tools she has learned with YOU. Avery brings on real property owners hosting real properties and crushing it in the short term rental space.

Episode Date
Evaluating the Current Short Term Rental Market with Luke Carl
00:50:55

 In this week's episode Avery chats with her husband Luke about self managing your properties, seaonal markets and the most common issues stopping people from booking your rental. Luke Carl Luke is the co-founder of the Short Term Shop as well as director, and president of education and self-management specialist for the Short Term Shop. He bought his first investment property in 2012. He has since done every trick in the book; House hack, BRRRR Method, HELOC, 1031 Exchange, Single Family, Small Multi-Family, Apartments, LTR, & STR. He has over 3000 reservations on his STR resume, and is the creator of the Enemy Method. He currently holds over 200 doors in 6 markets in 4 states. He is an avid runner, has 2 children, and a Rockstar wife.

 

How to connect with Avery:

The Short Term Shop - https://theshorttermshop.com/

Follow Avery Carl on Instagram - @theshorttermshop



For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA



Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/



The Short Term Show is made possible in part by our sponsors.

 

Relay is a no-fee, online banking and money management platform. Spend, save and plan more efficiently with unparalleled clarity into operating expenses, cash flow and accounts payable. Visit https://relayfi.com/theshorttermshop to get started.

Aug 03, 2022
Scaling and Syndications with Kent Ritter
00:40:12

In this week's episode Avery chats with Kent about techniques to scale your portfolio and the different types of investment opportunities out there. Kent Ritter is a former start-up owner executive turned real estate investor and multi-family operator. He is the CEO of Hudson Investing and expert when it comes to both empowering people to secure financial freedom through real estate and also shaping the future of the industry by providing affordable housing to the workforce. He is additionally the host of his own podcast, Ritter on Real Estate and operates monthly multi-family investing meetups within his community.

 

Kent’s Website

Ritter on Real Estate

Jul 27, 2022
Booking Direct with Mark Simpson
00:41:29

Host Avery Carl chats with Mark Simpson about the importance of property management software, becoming the “go to”, and collecting data with Stayfi. Mark is the host of The Boost Hospitality Podcast, the creator of The Hospitality Community Facebook Group and Recently Named one of the Top 20 Consultants in the Rental Industry. He’s coached and consulted with thousdands of short-stay accommodation owners to help them increase their direct bookings and cut down on their over-reliance of the Online Travel Agents. He dedicates his time assisting hosts to improve their knowledge and learn valuable marketing skills to drastically increase their direct bookings, build better websites and create killer marketing campaigns.

How to connect with Mark:

https://boostly.co.uk/

Instagram: boostlyuk

 

How to connect with Avery:

The Short Term Shop - https://theshorttermshop.com/

Follow Avery Carl on Instagram - @theshorttermshop



For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA



Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Jul 20, 2022
Losing $50 Million with Rod Khleif
00:42:27

Host Avery Carl chats with Rod Khlief about losing money in a recession, playing to your strengths, and FOMO sellers. Rod Khleif is a seasoned and passionate real estate investor who has personally owned and managed over 2000 apartments and homes. Rod has combined his passion for real estate investing with his personal philosophies of self-actualization, goal setting, envisioning, and manifesting success to become one of America’s top real estate investment professionals.

 

How to connect with Rod:

rodkhleif.com

Instagram: rod_khleif



How to connect with Avery:

The Short Term Shop - https://theshorttermshop.com/

Follow Avery Carl on Instagram - @theshorttermshop



For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties

 - https://amzn.to/3Adg6PA



Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Jul 13, 2022
Starting From Scratch with Bailey Kramer
00:30:03

Host Avery Carl chats with Bailey Kramer about dropping out of college, creative financing, and direct-to-seller marketing. Bailey is a Real Estate Investor & Entrepreneur. Bailey uncovered his passion for real estate early in his life and bought his 1st investment property at just 20 years old! Since then Bailey has focused on growing his portfolio of long-term rentals and short-term rentals! Bailey also founded his own co-hosting company and manages 8 Airbnb properties in 4 different states!

 

How to connect with Bailey: www.baileykramer.com

Instagram & TikTok: The_Bailey_Kramer

 

How to connect with Avery:

The Short Term Shop - https://theshorttermshop.com/

Follow Avery Carl on Instagram - @theshorttermshop

For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties  - https://amzn.to/3Adg6PA

 

Need lending for your Short Term Rental? Get Pre-Approved on a loan with up to 89.99% of LTV with The Mortgage Shop - https://mortgage.shop/

Jul 06, 2022
Short Term Rental Insights with Kenny Bedwell
00:36:29

This week Avery Carl brings on guest Kenny Bedwell. Kenny is a Real Estate Investor and the CEO and Founder of a new data company around short term rentals called STR insights. His software is an investor friendly tool for searching markets that fit your preferences to better help you streamline your search. This allows you to take your emotional preferences into your search for investing in short term rentals. Kenny shares all the details on his software and his tips for what markets you should keep an eye out for based on data he has seen.

 
STRInsights.com
Jun 16, 2022
Getting the Bang for Your Buck with Siobhan Cooney
00:40:03

Siobhan Cooney is a real estate investor and agent based in the Philadelphia-area but has units across the continental US in Pennsylvania, Tennessee, Oklahoma and Montanna. She has everything from short to medium to long term rentals Highly educated and with a background as a research consultant, Siobhan brings a highly data-driven perspective to the real estate world.


Avery speaks with Siobhan about the diverse range of her portfolio and her experience and opinions on different types of rental spheres. They uncover the benefits and weaknesses of different markets, and how they differ in their customer appeal and seasonal cashflow. Siobhan discusses how she places an emphasis on cashflow, and how to find the units that will bring the most money into your wallet.

 

Key Topics

  • Perks of long vs short term rentals
  • How to rent out multi-unit homes
  • How season impacts units in some locations
  • Risks of units in Scottsdale vs Pigeon Forge
  • Why to place an emphasis on cashflow
  • Kitschy vs modern units
  • Tips for planning for natural disasters
  • How to find high cash flow units


The Obstacle is the Way

Rich Dad, Poor Dad

Guesty

 

AirDNA

Siobhan's Instagram

Jun 16, 2022
Survivor to Real Estate Savant with Chandra Lacy
00:45:55

Chandra Lacy overcame the incredible hurdles of being a domestic abuse survivor to become the owner of over 90 doors. An expert across all things real estate - from flipping to development to buying and selling, Chandra is passionate about teaching women to defy life’s obstacles and invest in real estate to create residual income. She works across multiple markets and has achieved enormous success across her diverse portfolio.

 

Avery speaks with Chandra about how she got her foot in the door, and how she was able to overcome the terrible circumstances that she was facing to become the amazing woman that she is today. They additionally speak about the techniques that she used to expand her portfolio - as well as tips for breaking into niche markets like nurse rentals and mobile homes. Avery and Chandra have a deep conversation about the dangers of self inflicted limitation and the importance of building your network and not letting anything hold you back.

 

Key Topics

  • How she got out of a domestic violence situation
  • Tips for getting started
  • Perks of buy and hold units
  • Value of having a diverse portfolio
  • Importance of having a network
  • How to get into mobile homes
  • Tips for flipping
  • Getting into nurse rentals
  • Importance of not letting anything hold you back

 

Strength Finders

The Awakened Woman

Chandra's Instagram

Jun 09, 2022
Mechanics of Micro Units and Franchises with Jerome Maldonado
00:59:49

Jerome Maldonado is a highly successful real estate investor, business owner, coach and speaker. He is an expert in the distressed hotel investment industry, as well as in owning franchises and owning rentals through third-party management companies. Jerome found the traction and confidence which has allowed him to do millions upon millions of dollars in residential and commercial real estate transactions and holdings. Over the span of his 20-year career, Jerome has done over $200 million in in-house transactions, with another $52 million in 2021 alone.

 

Avery and Jerome speak about the inner workings of turning distressed hotels into rental units, as well as the different types of markets that these units might appeal to. They also delve into Jerome’s expertise into working with a municipality, asset class considerations and the appeal of micro units. Jerome shares his plethora of knowledge within niche areas of the real estate market and how to set yourself up for sure success.

 

Key Topics

  • Tips in distressed hotel investing
  • Benefit of working within specific asset classes
  • How to turn hotel rooms into multi-family units
  • What rehabbing units looks like
  • How to deal with municipality, and zoning
  • Areas where micro units are most attractive
  • Tips for managing franchises
  • How to deal with compression

 

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Rich Dad, Poor Dad

How to Win Friends and Influence People

Rhinocerous Success

Jerome's Website

Jun 02, 2022
Becoming an Educated Buyer with Brenna Carles
00:50:13

Brenna Carles is the CEO and Founder of The Mortgage Shop, and is a close coworker of Avery’s. She is a true expert when it comes to mortgage lending and is on a quest to make everyone’s real estate investing dreams come true. She is an expert when it comes to obtaining loans for vacation homes, short and long-term rentals, as well as building a strong foundation of generational wealth. 

 

With a vast knowledge of the different types of loan options that exist, 1031 exchanges, and how to build out real estate portfolios with a wide range of financing options, both Avery and Brenna are true experts in their craft. They speak about the evolution of different types of interest rates, the diverse loan options that exist in the market, as well as how loan options might differ both situationally and with different investment options. They both provide their expert insight into what it means to be an educated buyer, avoid common mistakes, and guarantee success whether you are a new investor or have several properties in your tool belt.

 

  • How interest rates have evolved
  • How COVID prompted people to get into real estate
  • Managing different types of loans while staying safe
  • How to get your start in the investing world
  • Understanding DSCR Loans
  • DSCR loans or long term vs short term rentals
  • Benefits of conventional financing vs complicated loans
  • Why certain loans are more expensive than others
  • How higher interest rates help people make money
  • Importance of being educated when working with a loan enforcement officer
  • How to be an educated buyer
  • Understanding gift funds
  • Definition of non-warrantable condos

 

The Morgage Shop 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

May 19, 2022

Not Your Average Joe Real Estate Investing with Ethan McCarty
00:27:39

Ethan Tyler McCarty is a self-proclaimed Average Joe of real estate investing, but the success that he has made in the market is anything but ordinary. With a wide range of investments throughout the US that he operates with his wife, Ethan is an expert on building a wide-spanning portfolio while also keeping caution and deep research in mind.

 

Avery speaks with Ethan about how he and his wife got into the real estate market and their tips on educating yourself before getting started. They also speak about the importance of having a financial cushion and proceeding with caution as opposed to throwing oneself into the market blindly. They speak in-depth about the perks and downsides of different types of assets that exist from condos to flips to trailers as well as what it means to be a true hardcore real estate couple.

 

Key Topics

  • How Ethan got started
  • How Ethan built his brand
  • Ways Ethan runs his portfolio with his wide
  • Real estate education suggestions
  • Importance of having a financial cushion
  • Perks and downsides of different asset types

 

Relentless by Tim Grover

Dave Ramsey 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

May 11, 2022
Everything Syndications with Real Estate InvestHER Liz Faircloth
00:53:15

Liz Faircloth is the co-founder of The Real Estate InvestHER, a company that strives to bring women together to connect deeply about their businesses and get support in their goals to take their careers to the next level. Starting in her 20s, Liz has become an expert real estate investor, and syndication expert with a far-reaching portfolio.

Avery and Liz speak about how they hit their stride in the real estate world, as well as how their careers developed over time. Liz speaks about what she looks for in a deal, and the different factors that she considers when adding rentals to her portfolio. They go into depth into every aspect of syndications from purchase to management to working with syndicators 

 

Key Topics

  • How they hit their stride
  • How they got into syndication mode
  • Things to look for when doing a deal
  • Active vs passive investing in syndication
  • Importance of operational team
  • Differences between different markets 
  • How to manage pending recessions
  • 506B vs 506C
  • Tips for refinancing when syndicated
  • Value of working with trusted syndicators 
  • Meaning of value add amenities


Awaken the Giant Within

InvestHER Con

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

May 05, 2022
Managing Rentals While Managing Family with Ashley & Jered Guy
00:29:51

Ashley and Jered Guy are a married, real estate power duo with properties throughout the US in markets such as The Smokies, Gulf Shore, and Blue Ridge. They have rentals in more markets than anyone on the show so far. With a wide range of short-term rentals throughout the US, including some owned and operated in partnerships, they are shining examples that you can manage both a wide rental portfolio and a family.

 

Avery speaks with the Guys about how they got into the real estate market and how they usually divide up the work between them. They also speak about the wide range of rentals they operate, and how they managed to make a profit off of a vacation home investment. They dig into strategies for finding partners, as well as techniques to find rentals that fit your budget, needs, and expectations.

 

Rich Dad, Poor Dad

The Big Leap

Grant Cardone

AirDNA

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Apr 28, 2022
Financing Your Financial Freedom with John Voychick
00:35:48

John Voychick is a full-time nurse, part-time real estate investor with an increasingly wide range of short term and long term real estate investments across the Smokies, Gulf Shore, Jacksonville and San Diego. He is masterful in using creative methods to fund properties, as well as managing long distance rentals without the need for physical proximity.

 

Avery and John speak about his entry into real estate and how and why he decided to invest in his first short and long term rentals. They speak about why John chose his specific national markets and how he learned how to manage rentals from afar. John also delves into the specific creative techniques that he uses to fund his rentals, from using conventional financing to equity credit. Lastly, Avery and John discuss the importance of connecting with your loan operator and the often dismissed value of attitude and connections when it comes to taking your rental portfolio to new heights.


Key Topics

  • How John entered the real estate market
  • The benefit of equity credit
  • Differences in managing STR vs LTR
  • Perks of having real estate investments
  • How John’s portfolio has grown
  • Creative ways to fund rentals
  • Details about conventional financing
  • How to choose markets
  • Importance of attitude in real estate 

 

Long-Distance Real Estate Investing

John's BiggerPockets

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Apr 21, 2022
Condos and Connections with Stacey St. John
00:40:31

Stacey St. John is a true savant in the world of Myrtle Beach condo investing. Not only does she play a big game in the real estate world, but she additionally operates an amazing community for Female Real Estate Investors. She currently owns over a dozen beachfront properties in the area, specifically focusing on condos.

 

Avery speaks with Stacey about her business operations and why she picked short-herm rentals over long-term. They also discuss the benefits of smaller units, rather than always opting for larger multi-family homes. In addition, they discuss why she picked the Myrtle Beach market specifically and the specific benefits it has over other territories. Stacey speaks about the idiosyncrasies of renting condos, and how to manage the larger down payments that come with them.

 

Key Topics

  • Why Stacey picked STR
  • Why bigger is not necessarily better
  • Why she picked Myrtle Beach over Dustin
  • Importance of building assessments
  • Elephants in the room when it comes to financing
  • Dealing with non-warrantable condos
  • Managing larger down payments
  • How to take everything as a learning opportunity

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Stayinmyrtlebeach.com

Rewiring Your Brain

Apr 14, 2022
Building Traction and Hustling with Jabbar Adesada
00:43:37

Jabbar Adesada is crushing it in the real estate market at just 20 years old. An enlisted Marine, Jabbar is at the beginning of his real estate journey but that doesn’t keep him from reaching enormous success. While working actively in the military, Jabbar operates his own house hack, as well as manages several luxury Airbnbs across the country. Jabbar is a shining example of the value of being proactive and eager in your real estate journey, and how a commitment to your own success and growth can take your personal finances to new heights. 

Jabbar and Avery speak about his amazing journey into the real estate market and the evolution of Jabbar’s real estate portfolio. They go into depth into how he got started in the industry, and his inspirational ability to overcome rejection and failure in order to create the amazing portfolio that he has today. They speak about how Jabbar went about researching his properties and the importance of using every resource possible to best prepare yourself for making financially sound decisions. Jabbar details out how he manages his partnerships, and all of the work that he did behind the scenes to ensure that every investment would thrive.

 

Key Topics

  • How Jabbar got started
  • Perks of house hacking
  • Benefits of starting young
  • Role of positive influences
  • What made him get into STR
  • Benefits of using learning resources
  • How to overcome rejection and failure
  • How to structure partnerships
  • How to evaluate financial return
  • Importance of looking to the future

 

Jabbar’s Instagram

Jabbar’s TikTok

Jabbar’s Facebook

Bigger Pockets

The One Thing 

Rich Dad, Poor Dad

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

Apr 07, 2022

Taking the Leap and Doing It with Bryan Cataldi
00:48:55

Bryan Cataldi is an accounting professor and real estate investor who specializes in renovated cabins in the Tennessee area. While working as a professor at Western Carolina University, Bryan has been renovating several cabins throughout his market and is continuing to grow his number of investments everyday. He preaches the importance of mindset and discipline in achieving goals, and is a true example of the power of possibility that can come from overcoming self-inflicted roadblocks and life’s everyday challenges and not letting them get in the way of success.

 

Avery speaks with Bryan about how he got started in the real estate market and how the pandemic created a radical change in his career path. Bryan speaks honestly about the roadblocks he overcame, and how being symbolically backed against a wall can lead to radical change. They go in depth into the intricacies of rehabbing units, specifics of long term development projects and dealing with long term residents. They discuss the sacrifices people need to make when entering the real estate world and the true commitment that it involves. Bryan and Avery also speak about the methodology of choosing which units to purchase, and how personal opinions or reservations should not get in the way of biting the bullet and making a decision. 

 

Key Topics

  • How Bryan figured out his path
  • Value of mindset and discipline
  • Dangers of self-inflicted roadblocks
  • How Bryan overcame life’s challenges
  • Bryan’s first properties
  • Techniques for rehabbing units
  • Sacrifices when buying and selling
  • Dangers of personal opinions when picking location
  • How to manage long term residents
  • Challenges of development projects
  • Value of taking action

 

Ben Burgeron, Chasing Excellence

Bigger Pockets 

Rich Dad, Poor Dad

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Mar 31, 2022

Lots of Cash for Little Money with Gerald Pitts
00:37:23

Gerald Pitts has achieved full financial independence through his short-term rentals. Initially working a full-time job, Gerald was able to leave that position just based on his financial returns from two rentals. Now his number of properties just continues to climb. Gerald has experience with a diverse range of loan options as well as properties throughout the US.

 

In this episode, Avery speaks with Gerald about how he got started in the market, as well as the importance of just pulling the trigger and diving into the world of short-term rental investments without letting your hesitations and concerns delay you too much from buying your first property. They also discuss the lack of importance of physical proximity to your rentals and the other resources that one can depend on should an emergency come up. Gerald and Avery both discuss their opinions on quitting your job to enter real estate part-time, and the role of financial and real estate education play in one’s investment journey.

 

Key Topics

  • How Gerald got started in investing
  • Markets in which he operates
  • How the STR market is forgiving
  • Advantage of just pulling the trigger
  • Benefit of relying on professionals to handle emergencies
  • Why proximity doesn’t matter
  • Different types of real estate loans
  • Importance of financial education

 

The Values Factor

Rich Dad, Poor Dad

Cashflow Quadrant 

julie@shorttermshop.com

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Mar 24, 2022
Dig Your Well Before You’re Thirsty with Michael Albaum
00:39:21

Michael Albaum is a professional Program Manager, real estate investor and the Head Real Estate Coach at Roofstock, where he works with real estate investors in their paths to making acquisitions and getting started in the industry. He has worked in the real estate world for almost a decade and has worked across many different markets and investment types from SFR to NNN commercial properties. He is a true expert when it comes to overcoming your mistakes, and really making the most out of every one of your units.

 

Avery and Michael speak about his diverse range of real estate assets from the Smokey Mountains to Alaska. He also speaks frankly about some of the hurdles he faced early on, and how he was able to lick his wounds and take the necessary steps to become the successful person that he is today. They also discuss the importance of finding your niche rather than having units that span across too many territories, and the benefits of doing a 1031 exchange of more stressful units. Michael additionally stresses the importance of diversifying your income streams and how doing so will open you up to a world of possibility. 

 

Key Topics

  • Perks of narrowing down your market focus
  • How to mitigate risk
  • Benefits of breaking down monthly financial responsibility
  • Perks of renting in Alaska
  • How to take some licks and move on
  • Tips for getting rid of stressful units
  • Michael’s role with Roofstock
  • Importance of having multiple income streams
  • Why STR are a savings account
  • Value of networking

 

Roofstock

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

Mar 17, 2022
Sacrifice Today for a Better Tomorrow with Derek Tellier
00:54:35

Derek Tellier is an agent at the Short Term Shop and is a very successful real estate investor. A rock and roll lover and a Harley Davison expert, Derek was working a W2 job when he first entered the world of real estate. However, he has now achieved enormous success across several markets spanning multi-family homes, condos, and homes. He is a member of exp Realty and continues to grow his real estate portfolio due to his willingness to take risks, and put in the necessary effort to succeed.

 

Avery speaks with Derek about how he just got into the real estate market, and the value of finding trustworthy mentors and partners in your rise to success. They also speak about their direct experiences with the sacrifices needed to create a solid business and foundation and how people often glamorize their individual paths to success rather than actually acknowledging the grit that it took to get there. Derek goes in-depth into the many properties that he currently owns, and the knowledge he has gained about the diversity of the market, financing, and getting loans along the way in his real estate journey. Most importantly, Avery and Derek talk about the leap of faith it takes to any hard decision, and how sometimes you just need to bite the bullet and take a chance on yourself.

 

Key Topics

  • How Derek got started int eal estate
  • Tips to finding a solid partner
  • Sacrifices that people must make in business
  • How to deal with properties with a rental history
  • Different reasons people chose to invest
  • Diversity of the real estate market
  • Tips for building a strong community
  • Suggestions for financing your homes
  • Techniques for getting loans
  • Importance of taking a leap of faith

 

Quicken

Derek’s Website

Derek’s Instagram

The Big Leap

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

HostGPO

Mar 10, 2022
The STR Savings Account with Josh Goldstein
00:37:07

In this episode, Avery speaks with Josh about his interesting entry into the world of real estate and the success that he has reached today across multiple fields. Working as a commercial producer, Josh got cancer which opened his eyes to the risks of only having a single stream of income. Josh discovered real estate while he was still sick as a way of diversifying his income and maximizing his gain. Josh now works through many different markets and has both short-term and long-term rentals throughout the country.

 

Josh and Avery speak in-depth about the differences and similarities between a variety of rental markets ranging from Kansas City to the Smokey Mountains. They speak about the specific intricacies of each market from purchase to managing long-term. Josh extrapolates on his experience renovating rentals and techniques one can use to prevent maintainence calls and minimize loss, as well as what he typically looks for when picking a property. Lastly, Josh speaks about his unique experience managing properties as his side hustle, and how a rental property can essentially be a long-term savings account for those with other jobs.

 

Key Topics

  • How Josh entered the real estate
  • Dangers of having a single stream of income
  • Value of diversifying one’s portfolio
  • Tips for using property compliance officers
  • Similarities between rentals across markets
  • Benefits of fixer-uppers
  • How a STR is like a savings account

 

Rich Dad, Poor Dad

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Feb 25, 2022
It's All in the Data with Emir Dukic
00:39:25

Emir Dukic is a man of many skills. He operates Rabbu out of Charlotte, NC, which not only offers premier, top-notch vacation rentals but also maintains a highly diverse portfolio across Southeast USA that helps standardize and generate data from a highly unpredictable and ever-changing industry. Rabbu functions as a full-service rental management platform that helps property investors make the most out of their investments. A survivor of war and cancer, Emir has reached great success despite the enormous hurdles that he has had to surpass to get there. 

 

Avery speaks with Emir about his path to getting into the STR rental industry, as well as the basis with which he founded his company Rabbu. They speak specifically about the southeastern rental market and why it is such a hot spot amongst rental owners. They discuss the different services that Rabbu offers and the urban and vacation markets in which it operates. Amir shares his tips on finding the very vest properties, as well as how to choose a STR business path that is both successful, but not too heavily swayed by the decisions of others.

 

Key Topics

  • Opportunity in the southeastern USA
  • Services that Rabbu offers
  • The benefit of using data services
  • How to utilize data in the STR market
  • Emir’s personal STR experience
  • Opinion on catering to travel nurses
  • How to choose your STR path
  • Importance of being decisive in the rental market

Links

Feb 18, 2022
Bolstering Your Income Streams with Karan Narang
00:42:07

Karan Narang is the founder of Adventure Awaits Vacation Rentals, a company that he operates alongside his wife in Dallas. They have a passion for traveling around the world which has greatly impacted their desire to create comfortable short-term rentals for travelers everywhere. In addition, Karan also operates within the relocation housing world, offering medium-term housing to temporary residents through insurance companies as well as longer-term rentals.

 

Avery speaks with Karan about how he got started in the industry, and how his desire to shelter his income in a diverse range of assets made him interested in the rental market. They additionally speak about the specifics of providing relocation housing and how it allows for additional profit through small income streams. Karan speaks candidly about how small charges for things like pet fees and cleaning fees can help lead to maximum profit. In addition, they speak about the specific areas in which Karan operates - their strengths and their weaknesses.

 

Key topics

  • How Karan got started
  • Importance of diversifying your rentals
  • Benefits of charging small fees
  • How relocation housing works 
  • How to qualify as a real estate professional
  • How to expand your STR
  • Specifics of the Broken Bow market
  • Tips for financing your rentals
  • Suggestions for pivoting your rentals

 

Renting from the Road with Reagan Natho
00:28:51

Reagan Natho is able to increase her STR potential while traveling throughout the US by living in an RV with her husband and two children. Reagan maximizes gain by living a nomadic lifestyle, enjoying the perks of traveling, and seeing the world with her family at the same time. She has an ever-expanding number of STR around southern USA, with a focus on the Tennessee market.

Avery and Reagan speak about how to manage unusual properties and how to ensure that you get upstream of bad reviews based on unavoidable rental factors such as steep driveways. They also discuss the politics of new constructions, common assumptions around them, and how to avoid common mistakes. Reagan also speaks about the benefits of living in an RV, and how it might impact second home loans. Lastly, Reagan and Avery share their perspectives on the dangers of analysis paralysis and the importance of both doing your due diligence and taking the leap of faith.

 

Key Topics

  • Benefits of short term vs long term rentals
  • Value of getting upstream of bad reviews
  • Workarounds for steep roads with nice views
  • Common assumptions about new constructions
  • Perks of living in an RV
  • Intricacies of the second home loan
  • Downsides of hot tubs
  • The benefit of getting started early
  • Reasons to avoid analysis paralysis 
  • Importance of doing your research into your markets

 

Defying roadblocks to achieve success with Alex Sabio
00:46:11

Alex Sabio is a member of the Short Term Shop and a real estate investor with Alpha Geek Capital. Respiratory therapist by day, he is a master of creating STR that prioritizes cashflow within several markets nationally. When he first started out in the workforce, he felt limited by societal pressure to work in the medical field. However, he was able to shed that limiting belief and achieve enormous success in both the medical and real estate fields. 

 

In this episode, Avery speaks with Alex about lessons one can learn from bouncing back from failure and how hitting rock bottom can be used as a tool for minimizing mistakes and maximizing success. Alex shares his learned advice on the dangers of limiting beliefs, and how they can get in the way of optimal success. They go into depth into tips of the trade, like how to work with lenders and the value of trusting your instinct. They also speak about their advice for picking your market, and tips of the trade from the dangers of purchasing homes in tourism funnels to the importance of documentation of customer conversations. Avery and Alex delve into how to succeed in the real estate industry despite roadblocks that might get in your way.

 

Key Topics

  • Tips for bouncing back from rock bottom
  • Lessons that can be learned from failure
  • How STR prioritize cash flow
  • Dangers of purchasing homes within tourism funnels
  • Tips for working with lenders
  • Dangers of limiting beliefs
  • Perks and downsides of pools
  • Importance of documentation

 

Alpha Geek Capital

Can’t Hurt Me Book

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Jan 28, 2022
A Digital Nomad’s Perspective on Upping Your Host Game with Zach Busekrus
00:49:32

Short-term rentals allowed Zach Busekrus to turn the terrible COVID situation into an amazing journey. Taking the opportunity to work remotely by the reins, Zach has traveled the country since staying in Airbnbs all throughout the country with his wife. He is the brand strategist and founder of Enrollify, a learning hub that would help equip admissions and marketing professionals with ideas on how to better optimize the resources they do have to generate the results that they need. Throughout the past years, Zach has stayed in dozens of Airbnbs across the United States and has an amazing perspective on what makes his favorite rentals memorable and where others can improve. 

Switching up the podcast and speaking with an Airbnb guest rather than a host, Avery speaks with Zach about his journey into becoming a digital nomad and how short-term rentals have allowed him to see the world around him in a whole new way. Zach also utilities his great deal of experience staying in Airbnbs to share his thoughts on certain considerations that short term rental owners should take into account, for example, specifics in managing customer relations, the purchasing of furniture, towels, sheets, and commodities as well as his experience with common STR items like Nest cameras and digital thermostats. They discuss the importance of marketing your rental to the type of renter that you would like to attract, as well as the small things that one can do to elevate their rental and bring in more 5-star reviews.

 

Key Topics

  • Experience of a digital nomad
  • How to bring your short term rental perks into the context of the home
  • Considerations of leaving condiments for guests
  • Perks of using different forms of shampoo/conditioner bottles
  • Benefits of digital locks and thermostats
  • Tips for attracting longer term stays
  • Managing pet-friendly homes
  • How to be a receptive, understanding host

 

Four-Hour Work Week 

Deep Work

Behind the Stays Podcast

Sponstayneous 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Jan 21, 2022
Check the Boxes to Get There with Hans Struzyna
00:35:35

Hans Struzyna is not only a true professional in the luxury real estate market of the Bay Area, but he is an award-winning Olympic medalist who competed in the Rio Olympics. With a solid background of skills that athletics have endowed in him with like dedication and persistence, Hans regularly works with multi-million dollar listings and investments, and is named one of the top 2% real estate agents in the East Bay and is in the top 10% of real estate agents in all of Northern California. In addition to his work in real estate, Hans is also a coach and public speaker where he shares his skills to achieve success and turn money into opportunity and a brighter future.

 

Avery speaks with Hans about the skills that athleticism has taught them and how they bring them to the professional world. Attributes like coachability and willingness to push through discomfort are both invaluable skills when entering any industry. They also speak about how Hans got his start in the real estate markets and how he went from working on foreclosed homes to operating as one of the most successful real estate agents in California. Hans and Avery dive into the dangers of limiting beliefs, and how they can hold someone back from achieving success, as well as the necessity to use your existing skills to expand the price of your units without getting bogged down by the extra zeros. Don’t focus on ‘bigness,’ just check the boxes to get there.

 

Key Topics

  • How Hans moved from athletic to professional world
  • Transferrable skills from athletics
  • Value of coachability 
  • Skill required to get through something initially uncomfortable
  • How Hans got his start in real estate
  • Challenges of the luxury market
  • Common limiting believes in the investment industry
  • Tips for investing out of state
  • Importance of building a strong team
  • Value of learning from experienced sellers
  • How to turn money into an opportunity

 

Hans’ Course - The Luxury Market Workshop

Hans’ Website

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

Jan 14, 2022
Tapping into the Southern Market with Kurt Buchert
00:32:27

Kurt Buchert has many rentals across several markets including Florida and Colorado. He is strategic in his investing in that he not only has rentals in areas that are key lucrative areas but areas where he personally wants to utilize the home as well. Kurt is an experienced investor who has rentals both that he purchased as-is as well as those that he constructed himself, both large and small units, as well as units that were purchased using a variety of loan techniques. Regardless of the specifics of a rental, Kurt is an expert across the board

 

Avery speaks with Kurt about the intricacies of all of the units he operates and the key decisions he made for his rentals that contributed to his great success. Kurt gives a detailed description of the key factors in his rentals that make them marketable, whether it is more general like location or size to specifics like the presence of a porch swing. Avery and Kurt also discuss the many forms of loans and how to use them, as well as the intricacies of requesting loans from friends and family members. In addition, Kurt discusses the value of getting into the real estate world and the perks of having mentors to support you along the way in your rental investment journey.

 

Key Topics

  • How to make money through arbitrage 
  • Investment of using your STR for personal purposes
  • Intricacies of operating a rental in Florida
  • Perks and difficulties of constructing your own STR
  • Differences between being a listing agent on new property vs existing listing
  • Benefits of small homes vs large ones
  • Benefit of natural shade and porches in warmer rentals
  • Tips on different types of loans
  • How to pitch to a loan to friend or family member
  • Value of just getting into the real estate world 
  • Value of mentorship

The Wealthy Gardener

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Jan 07, 2022
Solving Small Problems with Big Solutions with Johnny Duray
01:02:42

Johnny Duray is both a veteran and an expert in the short-term rental sphere. He has a mastery of handling his properties with the necessary expertise and finesse to elevate his potential and his success. With rentals across two markets, Johnny has worked with a range of mortgage options, property types and has navigated setbacks and found long-term solutions for many of the problems that fellow STR property owners face.

 

Avery speaks with Johnny about everything from managing properties with swimming pools to the inner workings of VA loans. They speak about everything ranging from how to manage staff and making sure that you hire the right people to the difficulties of firing people who are not a good fit. They also discuss how to solve big problems with small fixes, and the value of putting a bit of money down to bolster your reviews and satisfaction of your customers. Amongst other topics, Johnny shares his immense wisdom in how to manage your business and constantly bolster your rentals to their utmost potential.

 

Key Topics

  • STR mortgaging strategies
  • How to enter the STR world with 0% down
  • Intricacies of VA loans
  • Determining the right location
  • Perks/downsides of having a pool
  • Importance of having good people on your team
  • Challenges of firing staff
  • Knowing a good deal from a bad one 
  • Importance of not getting intimidated 
  • How to solve big problems with small fixes
  • How STR is like a small business 
  • Tips for constantly improving your business

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Dec 31, 2021
Powerhouse Rentals in the Smokeys with Cale Delaney
00:41:48

Cale Delaney is a newer investor in the STR world, but he has quickly risen in success through his diverse range of houses and cabins in the Smokey Mountains. His luxury cabins are not only well located, but they can accommodate large groups of people and offer amazing amenities like hot tubs, arcades, and Peloton bikes. In addition to operating a diverse range of short-term rentals, Cale additionally works as a senior project manager in the construction industry.

 

Avery speaks with Cale about his path in the real estate investing world and how he got his start operating short-term rentals in the Smokey Mountains. Cale speaks openly about his experiences operating his rentals while also working a day job, and how it impacts his rental strategy. We speak about important factors that every renter from buying units to selling them, focusing on the value of diversifying your assets, and how to know your exit strategy. Cale and Avery discuss why every renter should set their own path rather than following others, and the immense importance of not getting discouraged, especially when you are just starting out.

 

Key Topics

  • How he got started in real estate investing
  • The inspiration behind renting in the Smokey Mountains
  • Importance of diversifying your assets
  • Managing STR with a day job
  • Value of knowing your exit strategy
  • Managing sticker shock
  • The technique of buying ‘stale’ listings
  • Value of setting your own path
  • Importance of not getting discouraged
Dec 24, 2021
The Power of the Long Short with Julie Gates
00:35:26

Julie Gates is a real estate investor who specializes in pet-friendly “Long Short” rentals in Savannah, Georgia. She operates dozens of rentals that are unique in that they operate to niche markets in all aspects from how they are initially furnished to how they are marketed to the general population. In addition, unlike many short-term rentals, Julie is able to maximize gain by allowing people to bring their pets and charging a pet fee. Operating most of her homes for longer stays, Julie is able to appeal to specialized groups of individuals from people traveling to Atlanta for a month-long film shoot to digital nomads looking for adventure.

 

Avery speaks with Julie about the specialties of her in-depth expertise in the Long Short Rental. Julie discusses the benefits of setting residency limits in your STR, and how it helps to maximize profit and minimize unnecessary loss. We speak about the intricacies of setting up a STR behind the scenes and the value of specifics such as how to best market your short term rentals, pet fees, and how rental markets are impacted by location, whether the rental is based closer to the city or in a more suburban area. Julia shares her industry-wide advice on the benefit of specializing in your market, and the need to adapt quickly to the ever-changing industry to optimize success.

 

Key Topics

  • How to operate rentals in Georgia
  • How Julia got started in the industry
  • Benefit of having many different sized rentals
  • How to decorate and market towards your vision
  • Gains of doing your own marketing
  • How to get into longer term rentals
  • Specifics of charging a pet fee
  • Benefits of suburban STR
  • Benefits of specializing
  • Importance of staying technologically relevant

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Sid Was Here Website

Sid Was Here Instagram

Dec 17, 2021
The World of Miami Rentals with Sebastian Geraldo
00:28:13

Sebastian Geraldo is an expert when it comes to the Miami and Florida real estate market, owning many rentals throughout the state and beyond. Miami is not only a niche and effective market to invest in, but a highly desirable one regardless of season. In addition to his work in STR, Sebastian is also a mentor and founder of Airbnbs Miami, a large group of fellow investors who own and operate rentals in the area. Initially working in a different industry, Sebastian fell in love with real estate investing because it allowed him an opportunity to work for himself and take advantage of the flexibility that owning your own business allows. 

 

Avery speaks with Sebastian about how he got started in the Miami real estate market and the hurdles that he faced along the way. Sebastian delves into how he first discovered real estate, as well as the issues he faced during COVID and how he needed to make powerful changes to his investment structure to maximize gain and adapt to the changing time. Sebastian also gives his specific advice on how the Miami market works from operations to the most desirable properties. Avery and Sebastian also speak about common mistakes in the industry, and how someone just starting out can best prepare before diving in.

 

Key Topics:

  • How to build a real estate community
  • How Sebastian managed during COVID
  • Importance of knowing when to lean down operations
  • What STR look like in Miami
  • Importance of training and learning before getting started
  • How to avoid common mistakes

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Seven Habits of Highly Successful People

Airbnb Hosts South Florida

Dec 10, 2021
Inner Workings of National and International STR with Zeona McIntyre
00:35:25

Zeona McIntyre is one of the most experienced real estate investors that has ever been on the Short Term Show. With nearly a decade of experience and a real estate extending many states and countries, Zeona is a true Renaissance woman in the real estate field. Zeona has been renting out short term rentals since she was in college and has a wide range of experience working with both short and long-term rental units, both which she owns and rents. She has a wide range of expertise when it comes to the benefits and pitfalls of renting in different markets, how to find the best rental model for you, as well as maximize gain and cashflow into your pockets.

Avery speaks with Zeona about how she got her start in rental units and how her rental portfolio has changed and expanded over time. Zeona shares her plethora of knowledge on international units and their pitfalls, as well as how to manage real estate holdings throughout the country and world without necessarily needing to visit them consistently in person. Zeona discusses her experience furnishing versus not furnishing her rental units, how she is able to manage many of her units from afar and her thoughts on the benefits of short versus long term rentals. 

 

Key Topics

  • Tips for financial independence
  • Pitfalls of managing STR in other countries
  • How to expand your STR repertoire
  • Benefits of medium-term rentals
  • How to use the sweat equity model
  • How to decide whether to furnish your unit

 

Bigger Pockets Podcast

Never Split the Difference 

Zeona’s Website

Zeona Instagram

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Dec 03, 2021
How to Become a 1031 Investor with Dave Foster
00:57:56

Dave Foster is a true veteran in the real estate investment world. He first ventured into real estate investing as a way of chucking his 9 to 5 job and allowing himself the freedom to travel and live his life without corporate obligations. Passive real estate income has allowed him to explore and adventure, without the need for full-time, hands-on management. Though he made a decent profit, he was frustrated by government taxing and only retaining limited gain. However, through using 1031 exchange or through moving into his real estate investments, he was able to maximize profits and build his real estate empire across four sites without paying a penny in capital gains tax.   Avery speaks with Dave about the intricacies of 1031 exchange and how he is able to take his real estate investments to new heights through his tactical investment techniques. He explains in detail how anyone, no matter the size of their holdings, can use 1031 exchange to build financial security and also gain increased returns that they can use to grow their holdings to new heights. Dave also goes in-depth about the work that he does with up-and-coming investors and how he teaches them this simple tax deferral strategy that allows them to build a brighter future.   Key Topics How 1031 exchange changed Dave’s life Essentials of 1031 exchange Federal tax laws and rules behind real estate investing Specifics of 1031 exchange policies How to grow profit and investments The work that The 1031 Investor does Techniques to grow your real estate holdings   The 1031 Investor Dave’s Instagram The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing Pricelabs    

Nov 26, 2021
Automate Your Back Office with Henry Fuz
00:32:01

Henry Fuz is the Head of Product for Relay Financial, a company that provides access to financial products for small business owners. Henry and Relay are motivated to improve the success rate of small businesses by offering powerful financial automation and enhanced data visibility that allows every business to thrive to its utmost potential. Henry is an expert when it comes to his understanding of how to manage your small business assets most wisely, and efficiently so that you can focus on growing your business rather than the complicated financial systems behind them.

 

Avery speaks with Henry in-depth about the amazing services that Relay offers and how it differs from other brick-and-mortar financial institutions. We also discuss how digital financial services like Relay are becoming part of the new normal. Henry speaks about how the services are crafted to genuinely help small businesses, and why they work especially well for short-term rentals. Relay is able to not only save an individual’s time on the back-end but the system is set up to be easily accessible. Listen to this episode and learn how to take the complicated financials out of the equation. Focus on growing your business and Relay will do the rest!

 

Key Topics

  • Background on Relay
  • Why Relay works for short-term rentals
  • How Relay handles integrations
  • How to save time using a digital bank
  • Evolution of brick and mortar banks
  • Definition of automated back office
  • How Relay might work for your business

 

Relay 

Relay Twitter

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Nov 19, 2021
Power of True Conversation with Ryan Proffit
00:30:44

While working for the Air National Guide for nearly two decades, Ryan Proffit has simultaneously built an ever-growing real estate portfolio. With both short-term rentals and long-term rentals in his wheelhouse, Ryan is continuously growing his impressive real estate repertoire. He is remarkable in his ability to continuously act with integrity and accountability and is able to get access to new deals, and simultaneously propel his business to success by taking the networking out of making true and honest conversations with key figures in the industry.

 

Avery speaks with Ryan about his experience in the industry and what he learned starting out with his initial investments to the many units that he owns today. She speaks to him about techniques to getting started, from how to secure a business loan to more specific military loans like the Career Starter Loan. They discuss common mistakes that people make early on like panic buys and the risks that one faces. Avery and Ryan also go into depth into the power of connections in the industry and the value of treating everyone who you interact with with respect and kindness, and not only good things but additional powerful connections will follow.

 

Key Topics

  • Understanding career starter loans
  • Reasons to avoid panic buys
  • The necessity of trusting the data 
  • Importance of bringing extra money to closing
  • Diaspora between risk and large return in the real estate market 
  • Getting off-market deals through kindness 
  • Value of real convos over networking 
  • Long-term vs short-term rentals
  • Why Who you know matters

 

Extreme Ownership 

The Book on Flipping Houses 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

 

Nov 12, 2021
Intricacies of Passive Investing with Tamar Hermes
00:33:02

You don’t need to be a full-time investor to make significant income in the real estate market. Tamar Hermes is a shining example of this. Tamar has formed strong partnerships where she co-owns rental units. Together with her partners, Tamar and her team have additionally hired the necessary people like property managers and home cleaners so that all of her investments can bring income into her pocket without needing to do work on the ground. Tamar is additionally an expert when it comes to the perks of buying and reselling in a competitive market, as well as how to purchase property with a 401K.

 

Avery goes into depth with Tamar about what makes for a powerful partnership and how to find strong collaborators who align with your visions for the future. We additionally speak about how to decide on real estate and how sharing investments with others can be powerful not only for your time but your wallet. Given Tamar’s years of experience, we additionally discuss her opinions on the best time to invest, and how to make the most of your investment through strategies like offset and buying a property with your 401K. 

 

Key Topics

  • Value of partnerships in making powerful deals 
  • How to get returns through passive investment 
  • What makes a great partnership and how to create strong collaboration
  • Necessity of off-set
  • Importance of location when deciding on real estate 
  • Perks of buying, selling vs refinancing 
  • Buying property with a 401k

 

Links

Miracle Morning

Wealth Warrior Women

Wealth Warrior Women Instagram

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

Nov 05, 2021
RV Rentals and Driving Up Profits with Corinn Altomare
00:44:44

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

Oct 29, 2021
Taking the Leap of Faith with Tim Grillot
00:39:55

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

 

Oct 22, 2021
Get Help Optimizing Cashflow with Robert Gonzalez
00:32:52

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

Oct 14, 2021

Investing to Retire Early with Travis Zappia
00:32:15

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

 

Oct 08, 2021
Tiny Home Villages and Glamping Sites with Robert Abosolo
00:48:39

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

 

Oct 01, 2021
Leveraging your Portfolio and Maximizing Possibilities with Scriven Hoefs
00:42:59

Scriven Hoefs is an advocate of leveraging your real estate portfolio by keeping a longterm W2. In addition to his real estate investments, he is additionally a business development specialist and key account and strategic sales expert in Construction, Oil and Gas. He is an advocate in how to most productively build your business and to take the necessary steps to guarantee success in the future.

 

Avery speaks with Scriven about techniques in building a strong business from creating important partnerships to figuring out what is really in your financial and personal wheelhouse. We additionally discuss viable real estate techniques such as the value of land flipping, Reverse BURRRR and buying at tax appraised value. Scriven and I uncover the mental aspects of building a business and the importance of mindset and personal preparation to skyrocket the value of your properties and prepare yourself for not only financial but personal success. 

 

Discussion Points

  • How to leverage your portfolio by keeping a long-term W2
  • Importance of steep bench in finances
  • How to decide upon your specific real estate markets
  • How to decide between short and long term markets
  • Reason to have bigger pockets
  • Value of partnerships 
  • Definition of reverse brrrrr 
  • Using loans to build equity
  • Value of land flipping - stick to your market and find your sweet spot
  • Buying at tax appraised value
  • Importance of building up your company gradually
  • Value of figuring out what’s really in your wheelhouse 

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

Beyond Pricing

Pricelabs

HostGPO

Rich Dad, Poor Dad

Set for Life

Sep 23, 2021
Creating Pet-Friendly Profit-Focused Rentals with Rachel Gainsburgh
00:37:10

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

Sep 17, 2021

Optimizing your Home, Both Inside and Out with Jeff Lloulian
00:33:28

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

Sep 10, 2021

Optimizing your Home, Both Inside and Out with Jeff Iloulian
00:33:28

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

Sep 09, 2021

The Value Behind the Land with Julie McCoy
00:44:22

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

Sep 03, 2021
Benefits of Cost Segregation with Yonah Weiss
00:33:02

Yonah Weiss is a leading expert in the real estate market when it comes to cost segregation and how to make the most profit, with the least loss from your real estate investments. He is not only an investor himself, but he additionally is a consultant who offers cost segregation studies to help people get the maximum tax deductions while staying within the tax code. He is an expert when it comes to helping people increase their cash flow and grow their businesses to exponential heights - his average customer recognizing up to $250,000 in increased tax depreciation expense.

Delve into the world of cost segregation with us and learn how you can level up every single one of your investments.

 

Discussion Points

  • How to accelerate a portion of depreciation
  • Meaning of cost segregation
  • When to do a cost segregation
  • Relationship between furniture and depreciation
  • How value is determined based on cost segregation
  • Meaning of 100% bonus depreciation
  • How to avoid income tax liability
  • Price of the cost creation study

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Real Estate Professional Tax Status

Crushing It!

The Way of God

Yonah Weiss’ Website

Aug 27, 2021
Taxes and Short Term Rentals with Brandon Hall
00:39:23

Brandon Hall is THE real estate CPA of The Real Estate CPAs. He has a wealth of knowledge around financials and taxes in real estate investment. Chatting to Avery Carl in today’s episode,  Brendon shares some fantastic nuggets of advice applicable to both new and seasoned investors. Avery asks questions based on what she knows, from experience, people have concerns about. From clarifying passive income to explaining when to make use of cost segregation in your property - he explains all of it concisely and in layman’s terms. So no more excuses!

So strap in and prepare to be “in the know” about property taxes at the end of this episode. 

Discussion Points

  • About Brandon Hall
  • Move into short term rentals 
  • Is Short term rental - Schedule E vs C and Passive vs non-passive income
  • Qualifying as a real estate professional for tax benefits
  • Cost segregation
  • Types of properties cost segregation makes sense to do on
  • Accelerating Depreciation
  • LLC vs Personal Ownership in terms of Tax
  • Advice for new investors
  • Brandon’s favorite book

Resources 

The Short Term Shop University

The Short Term Shop Facebook Group

How to win Friends and Influence People book

Tax-Smart real estate investors Facebook Group

Real Estate CPA YouTube Channel

The Real Estate CPA Website

Aug 20, 2021
BRRRR'ing and Subdividing a 5 Plex Short Term Rental with Joe Prillaman
00:32:44

Joe Prillaman found himself in a suddenly-booming short term rental market soon after he purchased a few properties in the area. He calls it “lucky” but the fact is that he also worked very hard figuring out the market, learning the tricks of the trade, and building relationships with other investors in the area before his first investment. So it may be thanks to a bit of luck that the market turned a corner, but he still did his part to ensure he could benefit from the upturn. 

In this episode, show host Avery Carl gets Joe to open up about his journey to becoming a short-term rental property investor and to share openly how he finds and chooses properties to invest in. He has some great insights around investing in multi-plexes and why he has decided to focus on those going forward. Joe believes in the slow and steady approach to short-term rental investment and so far, it seems to have paid off for him. 

Discussion Points

  • Joe’s background in Property Investment
  • Starting out buying a BRRRR
  • Having a team around you for guidance when starting
  • Why Joe got into short term rental investment
  • What is a good deal to Joe
  • How Joe is finding multiplexes
  • Joe’s Financing process
  • Getting into a great market on a low budget
  • Number one mistake investors make
  • Finding out more about the market you’re interested in
  • Advice to 20-year-old Joe
  • Joe’s advice to new investors
  • Favorite book that impacted Joe’s mindset

Resources 

The Short Term Shop University

The Short Term Shop Facebook Group

Set For Life book

Aug 06, 2021
Tips for Picking Your Short-Term Rental Market
00:36:41

Tony Robinson is a short term real estate investor who learned from a young age the importance of holding property to build wealth rather than immediately jumping to wholesaling. Ever since he received enough capital to do so, Tony has been profiting from his well-calculated short term investments. He currently works actively in both the Smokey Mountains and Joshua Tree, California. He is an expert when it comes to understanding your market and making the right decisions whether you are purchasing your first short-term rental homes or adding additional real estate to your portfolio.

 

In this episode, show host Avery Carl has an in-depth conversation with Tony about the differences between the different real estate markets and how the specific needs of the property change geographically, and as the tourism and the population of the area changes throughout time. We additionally speak about the differences between short and long term rentals and the risks that may come with either investment. Tony speaks about the characteristics of the property that should be carefully researched prior to purchase, and how to know the right questions to ask before agreeing to the sale.

 

Discussion Points

  • Tony’s Background in Real Estate
  • Overview of Tony’s real estate experience
  • How to tailor your selling tactics to different markets
  • Method of using vacation home mortgage to buy homes
  • Tips for picking and knowing your market
  • Difference between short-term vs long-term rentals
    • Risks of short-term rentals
    • Why to avoid markets with out short-term rental regulations
  • Importance of looking at previous ownership in rentals
    • Why person running a rental is more important than the asset itself
  • Suggestions for starting out in a newer rental market
  • Tips for getting started and asking the right questions
    • Picking your market, knowing your budget, making connections

 

The Short Term Shop University

The Short Term Shop Facebook Group

IGMS

Your Porter

Smart BnB

OwnerRez

<

Jul 30, 2021
How to leave 2 6-Figure Jobs with Vacation Rental Investing
00:35:23

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

Jul 14, 2021
Investing in Short Term Rentals with Your Spouse
01:03:41

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<

Jul 13, 2021