Short-Term Rentals have been a top topic of conversation in the real estate investment world for quite some time. Are they a good investment? Is the market becoming too saturated? How to you handle increasing regulations? In a recent REL Freedom episode, Tyler Coon got to share his insights into the world of short-term rentals. As an agent in North Carolina running Savvy STR Agents, this is his niche. He offers valuable advice on how to succeed in this thriving market. If you're considering investing in short-term rentals or simply interested in learning more about this lucrative real estate niche, here are some key takeaways and things to consider:
1. Expertise is Key: Tyler emphasizes the importance of working with a market expert to help you identify deals that will give you the best chance for success. Each market is different, and each opportunity within a given market is different. Specializing in short-term rentals, like any other real estate niche, requires...
What if you could rent your home for $300+/hr instead of $200/day? When you think about renting out your home, most people think of short-term rentals like Airbnb or VRBO. Have you ever considered renting out your home for film shoots? Film shoot rentals are a vastly untapped reservoir of opportunity that carries several unique benefits over both long term traditional real estate investing and AirBNB short-term rentals.
Josh Lawlor, the Founder of The Film Shoot Rental Roadmap, makes thousands of *tax free* dollars per day by renting his home for shoots, without the hassles that accompany other real estate methods. In fact, he made over $50,000 in his first 6 months!
Check out our episode we did with Josh
Demystifying Film Shoot Rentals
When you think of "Film Shoot Rentals", you might be thinking long-term, large budget feature film shoots. However for our purposes, we’re referring to less disruptive, one day video shoots, photo shoots, and commercial productions. The...
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Mike Kaeding has a big mission "to solve America's housing shortage by transforming the way apartments are built and managed. And in doing so, I will improve the way we all live." Having taken over the family business after his dad unexpectedly passed away, Mike didn't know how things "were supposed to be done." He used his ignorance as an asset. He asked questions. He looked at things from a fresh perspective. In doing so, he's been able to build Norhart into a company that does things differently than most.
Norhart is able to build apartment building for 20-30% less than other developers. They are extremely passionate about hiring the best people they can, which led them to hire 14 recruiters to go out and find the best! How about flying in construction employees from across the US to work on their development projects? How about offering them unlimited time off? They are building an attractive culture unique to the construction industry...
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Short-Term Rentals on AirBnb and VRBO have been all the rage in recent years. You might be wondering if the market is too saturated or if it's too late to get started investing in your own short-term rental. What are the first steps you can take to get your own short-term rental? We discuss how to pick a market that is a great fit for you, how to pick specific areas within your market, what types of properties to focus on and what types of amenities to have in your short-term rental. We also talk about why a short-term rentals might be a better fit for you than a long term rental and why you might love being in the hospitality industry providing a great experience for your guests vs. working with tenants. This is a great opportunity to learn the basics about short-term rentals and decide if it's a good fit for you in your investment portfolio.
In this episode, hosted by Mike Swenson, we discussed:
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