From analyzing potential properties to effectively managing your listings, this book is your one-stop resource for making a profit with short-term rentals!
Airbnb, Vrbo, and other listing services have become massively popular in recent years—why not tap into the gold mine? Whether you’re new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream—but only if you acquire and manage your properties correctly.
Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than long-term rentals. Avery Carl, the CEO and founder of The Short Term Shop, will show you how to choose, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome obstacles that keep many would-be investors from ever getting started!
In this book, you’ll learn how to:
Identify the best markets for short-term-rental investing
Analyze the potential income and profitability of a short-term-rental property
Self-manage a short-term rental right from your smartphone
Build a local boots-on-the-ground team for an out-of-state investment
Automate your self-management systems
Use the income from short-term rentals to scale your investment portfolio