
Short Term Rental Management (8 Figure Airbnb and Short Term Rental Real Estate Investor Luke Carl)
Explore every episode of Short Term Rental Management
Pub. Date | Title | Duration | |
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17 Jan 2023 | Nice To Meet You | 00:09:53 | |
Welcome to The Short Term Management Show. The show about managing your short term rental from anywhere in the world. Tips in tricks to become a better host. With your host, Luke Carl, a real estate professional that began his career buying short term rentals in vacation markets in order to use the cash flow to purchase long-term rentals. Luke is the proud owner of the longest running “Airbnb” in the Smoky Mountains, and has hosted over 4000 stays in his career. He owns hundreds of units with no partners -including multi-family, single-family long terms, and of course, short term rentals.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
17 Jan 2023 | STR Thermostats | 00:14:30 | |
This week on the Short Term Management Show we are talking all about short term rental thermostats. How do thermostats work? Why do you need a wifi thermostat in your short term rental? Listen to this week's episode to find out!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
12 Jan 2023 | The Short Term Management Show | 00:00:14 | |
17 Jan 2023 | STR Bedbugs and Cockroaches | 01:02:45 | |
This week on The Short Term Management Show we are joined byJimmie Murphy! Jimmie sits down with Luke to talk all about BUGS in your short term rentals. bedbugs, cockroaches, mice, ants, lady bugs, and more! Jimmie talks us through how to treat and how often to treat your short term rentals for various kinds of bugs. Enjoy!
How to connect with Jimmie: IG & FB: All About Bugs
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
24 Jan 2023 | 2023 STR Spring/Summer Pricing | 01:14:06 | |
This week Luke is joined by a handful of wonderful guests, Tim Grillot, Joe Prillaman and Reagan Natho! Today they'll be deep diving on pricing for the upcoming Spring and Summer seasons. They discuss expectations for slow seasons in your market, booking major holidays, last minute rehabs, snowbirds and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
14 Feb 2023 | STR Insurance | 01:00:11 | |
On this week's episode, Luke is joined by Josh and Karen to discuss all things STR insurance. They chat about captive agencies, dwelling policies vs. homeowner's policies, umbrella policies, and much more. We also get some insight from Karen on what's going on with insurance in Florida right now.
How to connect with Josh: Thirddoorins.com email: Josh@thirddoorins.com Phone: 865-803-2268
How to Connect with Karen: Kirkland Insurance email: Karen@kirklandagency.com Phone: 850-784-7974
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
21 Feb 2023 | Hospitable vs iGMS vs Guesty For Hosts vs Ownerrez | 01:26:34 | |
This week Luke is joined by 3 lovely guests; Chuck Kramer, Ethan McCarty, and Cindy Allen! The topic of today's panel is property management software. Each guest gives us their personal experience with their preferred PMS, the good the bad and the ugly. If you've ever wondered which PMS might be best for you, this is the episode for you!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
31 Jan 2023 | STR VAs | 00:11:54 | |
This week on Short Term Rental Management we are talking all about VA's. What is a VA? Who should you hire first? What kind of VA works best for your business? These are all questions we'll be answering in today's episode. Tune in to get some answers. Enjoy!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
07 Feb 2023 | Preparing For Busy Season and Naked Pricing | 01:09:43 | |
This week Luke is joined by long time friend Pavan Mediratta. Together they go through all of the different (and important) ways to get your short term rentals ready for the busy season. From standardizing your paint colors and deep cleaning unit to replacing your fire extinguishers and deadbolts, they go through it all!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
28 Feb 2023 | STR HVAC | 00:37:44 | |
This week Luke is joined by HVAC expert David Gavin! They discuss the importance of maintence on your HVAC systems and the best HVAC systems for Florida/saltwater. They also talk about the differences in HVAC systems based on the climate you live in.
How to connect with David: Sowal Air Cooling & Heating LLC Phone: (850) 866-7236
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram - @theshorttermshop For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
07 Mar 2023 | STR Remodel | 00:56:05 | |
This week Luke sits down with Patrick Andres to discuss remodeling your STR. Patrick walks us through his experience remodeling a beach front home in Panama City Beach as well as an old law office from 1887 in Tuscaloosa, AL. They talk about finding labor, supply shortages, contractor red flags and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties 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/ | |||
14 Mar 2023 | STR Review Show #1 | 00:34:27 | |
On this week's episode we are reading reviews! Luke takes us through the good, the bad, and the ugly reviews to reflect on how to be a better STR host.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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21 Mar 2023 | Meet A Shopper #1 Aaron Gardiner | 00:51:57 | |
On this week's episode Luke is joined by a special co-host, Aaron Gardiner. Aaron and Luke share stories of getting properties ready for rental, where to start, what to prioritize and more. They also have some helpful tips on how to build better relationships with the labor workers in your market.
More about Aaron:
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
28 Mar 2023 | Managing 60 Units and 5000 Reviews | 01:08:17 | |
On this week's episode Luke sits down with Mark Vondrak and Dave Stokley to discuss AirBNB management! They talk about why they chose STR over LTR, what it's like cohosting in Cleveland, and what the regulations are like there. They also chat about appeasing the AirBNB algorthim. Mark Vondrak is the Co-Founder of Host Pros where he oversees the day to day operations of the team. Born, raised, and still living in Cleveland, Ohio, Mark first got involved in Short-Term Rentals (STRs) in 2016 and has since helped build Host Pros into Northeast Ohio's Top Rated Short Term Rental Company. An avid traveler, Mark has visited 30 countries (and counting) with a couple of his favorites being Colombia, Iceland, Portugal, and Peru. Looking for an easy ice-breaker? Just ask him if he has ever been to a certain country and it will be sure to have him rambling on for hours. Mark loves being active and spending time outdoors. In October 2022 he completed the Chicago Marathon and has sights on qualifying for Boston in the future. Dave Stokley, aka the "Grim Sweeper," is a Co-Founder of HostPros and a lifelong Clevelander who has been investing in Cleveland for over seven years. At HostPros he fills the "visionary" role and handles most of our business development. He's passionate about big dreams, change, hustle, the power of people, animals, nature, baseball, Cleveland, cilantro, and sour beer.
Connect with Mark and Dave:
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
04 Apr 2023 | I Have No Money And I Hate My Job | 00:29:35 | |
This week we get to hear a bit of Luke's origin story on this solo episode. Luke chats about being from Nebraska, living in New York City, the strategy he and Avery used to save up for their first investment property, and more! He reminds us all that getting involved in real estate is possible, but it will NOT be easy.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
11 Apr 2023 | Data Data & More Data with CoHost Tim Grillot | 00:59:31 | |
This week Luke is joined by a cohost, Tim Grillot to discuss all of the data available to investors in the world of STR. They get into how Tim analyzes his deals and how important it is to become and expert and immerse yourself in your market. They also talk about the importance of being realistic with yourself and your investment, some common misconceptions, and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
18 Apr 2023 | An Army of One With Michael Baum | 00:51:21 | |
This week Luke is joined by Michael Baum! We get to hear the perspective of someone with just one STR, which is also Michael's second home. They talk about how Michael manages everything himself, the importance of getting all the basics right, making sure your rentals have enough appliances and more!
Michael is a retired engineer. He's 54 with a degenerative neurological disorder which left him fully disabled. They bought their place in North Idaho on Lake Coeur d'Alene in 2017. It is his first and only STR. They have all 5 stars on AirBNB and VRBO. Married with 3 adult kids. Our youngest is at Washington State University studying to be an architect. 3 have 3 grandchildren!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
25 Apr 2023 | 3rd Party Management & Branson & Guidebooks | 00:53:11 | |
This week Luke is joined by the Queen of Guest Experience at Touch Stay, Tyann Marcink! They talk about all things 3rd party management. Tyann stresses the importance of setting boundaries and expectations with each client, knowing your target guests and how they prefer to find your listings, the highlights of Branson, Missouri and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
09 May 2023 | 2 Dudes Talking About The Economy | 01:00:26 | |
This week Luke is joined by another lovely Short Term Shop agent, Yok Re! Yok and Luke are having a casual conversation about the economy this week. They discuss inflation, interest rates, profit margins, how real estate is changing and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
16 May 2023 | A Conversation with Avery | 00:41:19 | |
On this week's episode Luke is joined by his amazing wife Avery! We get to hear a bit of Avery's origin story from graduating college to touring in a band, to living in NYC where she met Luke. They also discuss being on the same page as your spouse, the importance of changing your mindset and getting uncomfortable, as well as what's next for Avery.
How to connect with Luke and Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
23 May 2023 | Eggs in Multiple Baskets with Mark Simpson | 00:55:16 | |
This week Luke sits down with the founder of Boostly, Mark Simpson to chat about needing to diversifying your portfolio. They talk about Mark growing up in the hospitality industry, how to "compete" with larger companies, and the importance of knowing your guest avatar.
How to connect with Mark: Instagram: @boostly.uk
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
06 Jun 2023 | Meet a Shopper #2 Kyle Lancaster | 00:53:24 | |
This week Luke is joined by Kyle Lancaster! Luke and Kyle talk about Kyle getting started in real estate at 19 and owning his first property at 22. They also discuss knowing when to terminate a contract to pursue a better deal, Kyle's biggest lesson learned, encapsulating crawlspaces and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
13 Jun 2023 | Luke's Book Club #1 | 00:29:35 | |
This week Luke is starting his book club series! He goes through his Audible history starting at the very beginning and gives his top recommendations, some books you can skip, but most importantly doesn't give any spoilers!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
27 Jun 2023 | 10 Things Every Host Needs To Know How To do | 00:34:33 | |
This week is another solo episode from Luke and he's talking about the basic skills all hosts should have! From learning to install your own appliances and deadbolts, to the importance of owning a chainsaw and more, Luke is running through his top 10 things that every host needs to be able to do.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
02 May 2023 | It's May and I Have No Bookings | 00:34:06 | |
This week Luke is joined by cohost Joe Prillaman to talk about prepping your listings for May (and September) bookings. They discuss the importance of getting ahead of your May bookings, "tickling" your listings as needed, the best ways to separate your May rates from the rest and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
29 May 2023 | It's Vacation Season | 00:23:51 | |
Today we're talking all about vacation season! School's out for summer and hopefully your June and July calendars are already booked because it's time to start thinking about booking September. Luke also talks about an interesting phone call he received recently, leaving the past in the past, and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
04 Jul 2023 | How to Be Better Than A Hotel | 00:53:39 | |
This week Luke is joined once again by Tim Grillot! They'll be diving into all the facets of hotel stay, how they differ from a STR stay, and some of the things you can do to become a fantastic host who gets great reviews!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
11 Jul 2023 | Managing STR While On Vacation | 00:42:23 | |
This week Luke is joined by Tim again to discuss managing your STR while on vacation! They talk about the importance of implementing systems that work for YOU specfically, figuring out what you want your vacations to look like, communicating with your guests and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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18 Jul 2023 | Housekeeper Hacks | 00:32:29 | |
This week Luke is talking about how to have the most successful experience working with housekeepers. He discusses the importance of making sure you are getting what you need without micromanaging your cleaners, timestamped photos, and he also shares some stories about times when having those photos has really helped him out.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
20 Jun 2023 | STR Current Events | 00:59:07 | |
This week Luke and Tim are sitting down to talk about an exciting development at AirBNB, their new host success team! Tim had an opportunity to sit down with the team at an event in Gatlinburg recently where they reviewed his listings and offered some tips. They'll be talking about what info Tim received on his listings as well as some overall tips for all hosts.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
25 Jul 2023 | How to Handle a Situation | 00:21:51 | |
This week we're talking about how to properly handle a situation, both in real estate and life. We'll hear about the importance of embracing competition, using the enemy method and we'll also hear all about Luke's most recent jeep saga.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
01 Aug 2023 | Professional Management in the Finger Lakes | 00:45:58 | |
This week Luke is joined by Josh Briner! Luke and Josh discuss the seasonality of the finger lakes, where most tourists are travelling form, building a property management company and more!
Josh is the co-owner of Vibe Short Term Rental Management, a company that services the beautiful region of Upstate New York. He and his partner JC own short term rentals throughout Upstate New York and Long Term Rentals throughout the Midwest. Additionally, he is the creator of the Facebook groups, “Upstate New York Airbnb Investors” and “Upstate New York Airbnbs by Owner.” Connect with Josh: https://vibestrmanagement.com/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
08 Aug 2023 | Find Your Break Even Number | 00:25:06 | |
This week Luke and Tim are doing some math! They'll be discussing how to find your break even number for your own properties as well as finding a sweet spot for occupency rates, choosing your prices based on time of year, providing the best value possible and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
15 Aug 2023 | After Hours Phone System | 00:18:24 | |
This week Luke has a quick episode to talk about after hours phone systems! He goes through different options for phone systems, how he implemented different emergency phone systems and examples for scripts you could use.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
22 Aug 2023 | 40K Income Increase with ADU | 00:56:43 | |
This week Luke and Tim are talking about Tim's latest remodel adventure! Tim has recently moved into the detached garage on one of his properties where he plans to remodel it while he lives there, and eventually turn it into another rental that increase his income up to $40,000/year. They'll talk about how to find good people to help with renovations, rules about having two rentals on one property, and much more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
29 Aug 2023 | Minimum Night Stay | 00:28:44 | |
This week Luke is giving us all the advice on determining minimum stays. He'll go over choosing minimum night stay based on property size, bedroom count, and the advantages/disadvantages of minimum night stays. He'll also discuss the importance of keeping up with your listings and adjusting your rates and night gaps based on days of the week.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
11 Aug 2023 | Circle of Seasonality | 00:18:44 | |
This week Luke is bringing you a bonus episode all about the circle of seasonality! Luke will be going over when to prep for slow months, when to prep for holidays, and how to keep your calendars booked!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
05 Sep 2023 | Shipping Containers Village | 00:56:54 | |
This week Luke is joined by Steven Gillmer to chat about his shipping containers village! They discuss the startup costs associated with shipping containers, financing options, where most bookings are coming from and more!
Steven Gillmer is a proud father of one and a devoted husband of 31 years, with 32 years as an experienced leader whose strength is working through others to open, grow and turn around struggling operations. During his early career with Pizza Hut as an Area Manager, he was responsible for the opening of multiple new restaurants in both new and existing markets as well as turning around stores struggling with negative comparative sales and profit. After a failed restaurant venture in 2007, Steven found himself with zero net worth at the age of 40 and selling used cars. Fortunately, he was able to grow his career from Sales to General Manager, which gave him the ability to start to rebuild his financial life. With his current employer, CarMax, he has continued to take on challenges, growing sales at four locations and developing leaders throughout the organization. Steven began investing in real estate in 2013 while working in Memphis, Tennessee after listening to Rich Dad, Poor Dad on audio book beginning with single family and small multi-family homes. In 2020, Steven partnered with some like minded neighbors and real estate Real Estate Summary -Bought and sold three single family homes and one duplex.
How to connect with Steven: @TexasGillmer thecontainerretreat.com
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzin... | |||
12 Sep 2023 | LTR Will Make You Better at STR | 00:12:17 | |
On this week's episode we are talking all about why you need to get some long terms in order to be better at renting short terms. We'll talk learning the ins and outs of rental real estate, gaining patience, knowing when to get a property manager and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
19 Sep 2023 | Rates VS Quality of Guest | 00:31:48 | |
This week Luke is joined by everyone's favorite, Tim Grillot to discuss your rates vs. your quality of guests. They go over how and why you should let people know why you have little/no reviews. They also stress the importance of striking a balance on your pricing and knowing that low rates don't guarantee bad guests, but neither do high rates.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
26 Sep 2023 | 2023 Winter Special | 00:57:47 | |
Today Luke is joined by Chuck Kramer for this season's preparation episode! They're going to give you their best advice for preparinging for Winter, aka the slow season. This includes getting your maintenance people on the books well in advance, knowing what kind of market you're in so you can adjust accordingly, a good rule of thumb for when Christmas should be booked and more. Click here to register for BPCON today!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
03 Oct 2023 | Sticker Shock | 00:25:27 | |
This week we're talking all about sticker shock. Everything is more expensive these days! We'll discuss how this relates back to our guests, getting our next deal and how to not let sticker shock get you down.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
10 Oct 2023 | Why You're Not Getting Any VRBO Bookings | 00:48:54 | |
This week Luke is joined by a short term rental OG and long time friend, Pavan Mediratta! Luke and Pavan discuss the challenges and misconceptions surrounding Vrbo bookings and share strategies to get more exposure on the platform. They also chat about the history or VRBO, why you need to be listing your properties on multiple platforms, getting kicked off of AirBNB and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
17 Oct 2023 | Tax Free Wealth | 01:06:30 | |
This week Luke is joined by another long time friend and Godfather of 1031 exchange, Dave Foster. Dave shares his story on how he ended up living on and raising his children on a boat for over a decade. They discuss the power of the 1031 exchange, tax advantages of owning multiple properties, how to maximize your retirement strategy asnd more.
Dave Foster, a Qualified Intermediary (QI) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor himself, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors with whom he works. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations.Dave's book: Lifetime Tax-Free Wealth: How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
24 Oct 2023 | Evolution of STR; Saturation; Listener Mail | 00:41:05 | |
On this week's episode Luke is joined once again by Pavan Mediratta. They discuss the evolution of short-term rental management over the years. They talk about the changes and advancements in technology, such as pricing software, and the importance of caring for guests and providing a memorable vacation experience. They also touch on the topic of saturation and finish off by reading some listener mail!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
31 Oct 2023 | 900 Units Under Management | 00:55:33 | |
This week Luke is joined by Dale Smith, a successful short-term rental management professional in the United Kingdom. With over 900 properties under management, Dale's company, Host and Stay, has experienced rapid growth since its founding in 2018. They discuss Dale's goal of reaching 5,000 properties by 2025. They also talk about management processes and tech stacks for a large company as well as what day to day operations look like when running a company of that size.
How to connect with Dale: https://hostandstay.co.uk/who-we-are/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
07 Nov 2023 | A Conversation With Bill Faeth | 01:09:04 | |
This week Luke is joined by Bill Faeth for a laidback conversation about their experiences in short term rentals, cohosting, and more. They talk about some recent challenges Bill has faced when purchasing a new property, the growing struggle for middle ground properties, the success of drive-in vacation markets and more.
After leaving UCLA, Bill pursued a career playing professional golf internationally before venturing into entrepreneurship. He successfully established a multi-million dollar glow-in-the-dark golf business, restaurants, real estate development, and as an investor. However, Bill’s interest in real estate investing was piqued when he visited Gulf Shores, AL, to search for a family beach house, prompting a shift in his investment focus from LTR to STR. He started in 2015 with the purchase of his first STR in Gulf Shores for $629,000 and quickly increased rental income by 93% in year one while self-hosting for the first time and implementing off-platform marketing strategies from running over $15M in digital ads. After this success, Bill quickly started growing his STR portfolio and has accumulated luxury single-family homes in five states, generating over $2.5M in annual revenue. He is a founding partner in Rivan Capital Group, a Cohost of 13 luxury properties, and operates four additional businesses.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
14 Nov 2023 | The 5 Pillars of Great Listing | 00:40:05 | |
This week Luke is joined by Chuck Kramer to discuss the different pillars of a great STR listing. They discuss the importance of crafting your headline, updating your description and more. Tune in to hear a breakdown of each of the 5 pillars.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
21 Nov 2023 | First Guest Had Bedbugs! | 00:48:14 | |
This week Luke is joined by a Short Term Shopper, Calvin Hawke! Calvin shares his story of how he ended up in real estate and shares a horror story about the time that his FIRST guest ever had bedbugs! Tune in to see how it worked out for him!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
26 Oct 2023 | 100K Cash Flow Using The Freedom Formula | 00:11:10 | |
This week we are coming at you with a little bonus episode where we're going to do some math and figure out what it takes to quit your W2! We'll be using what Luke has coined as the "Freedom Formula".
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
28 Nov 2023 | Investing Long Term in Short Terms | 00:55:17 | |
This week Luke is joined by Kelsey, an agent with the short-term shop, to talk about her experience in short-term rental management. She shares how she and her husband bought a cabin in the Smokies and a property in Crystal Beach. Kelsey discusses the challenges they faced in finding the right property and the bidding process. They also discuss the benefits of setting up personalized real estate searches and negotiating seller contributions.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
05 Dec 2023 | Managing 25 Units and a New Baby | 00:55:48 | |
This week Luke is joined by another Luke! Lucas Piper joins STRM to discuss his experience owning Five Star Vacation Home Rentals and managing 25 vacation rental units. They discuss new STR legislation in Austin, Texas, what it's like managing STRs in residential neighborhoods, Luke's 10 year goals for property management and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
12 Dec 2023 | Burning Questions: Ensuring Fire Safety in Vacation Rentals with Bobby Herrington | 00:57:10 | |
This week Luke is joined by Bobby Herrington to discuss the insane experience he had with the very first guests who stayed in his property in the Smokys. Before jumping into his story, Bobby shares how he got started as an utlra marathon runner. They'll discuss dealing with insurance when your house burns down, how Bobby educated himself during the process and how he was able to get through it all.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
19 Dec 2023 | What Have You Done For Real Estate Lately | 00:23:54 | |
This week the Reverend of Real Estate is preaching about the importance of giving back to real estate as much as you get from it. Luke talks about why you need to stay grateful and humble in the real estate business, and how having a bad attitude will almost always come back to bite you.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
26 Dec 2023 | Pyramid of Pricing | 00:19:50 | |
This week Luke is breaking down his pyramid of pricing. He'll go through each tier of the pyramid and give his best tips on how to adjust your calendar pricing accordingly.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
02 Jan 2024 | What's New for Hospitable | 00:42:47 | |
This week Luke is joined by Brian Seelos from Hospitable. They chat about what sets Hospitable apart from other property management softwares as well as what exciting new things are coming to the platform. They'll touch on the new ChatGPT integration, chat gpt integration, google vacation rental feature and an improved metrics dashboard.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
23 Jan 2024 | You're Spending Too Much Time On Your STR | 00:19:09 | |
This week Luke has a solo episode about prioritizing the most important things with your STR properties. He'll touch on refraining from spending too much on crazy amenities, not spending countless hours tweaking your website, why you need to focus on your next down payment and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
30 Jan 2024 | Which Bank Should I Use? | 00:18:50 | |
This week Luke is bringing you another solo episode all about what bank you should be using. He touches on why you need a virtual bank and goes through the different banking options currently available.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
06 Feb 2024 | Heads in Beds | 00:20:47 | |
In this episode, Cashflow Carl discusses the topic of how many guests should be allowed in a vacation rental property. He emphasizes that there is no right or wrong answer to this question and suggests simply picking a number and adjust it later if needed. He shares his experience of being previously pet friendly, and how he knew rather quickly that method did not work for him.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
09 Jan 2024 | A Landlord, A Realtor and a Numbers Guy Walk Into A Bar | 00:45:16 | |
In this episode, Luke had pleasure of being joined by two industry rock stars, Dave Meyer and Avery Carl. They delved into a recap of 2023, touched on some 2022 highlights, and speculated on what 2024 might hold for everyone. They also touched on the broader housing market, noting the significant drop in home sales in 2023, which was the lowest in 15 years, and discussed the potential impact of recent drops in interest rates on the real estate sales market.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
16 Jan 2024 | 2024 Goal Setting | 00:36:42 | |
This week Luke and Tim are doing a goal setting session for the upcoming year. They discuss the importance of setting realistic goals and address the common mistake of setting unrealistic goals. They mention some of their goals for this year as well as some BHAGs (big hairy audacious goals).
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
13 Feb 2024 | SAFETY FIRST! | 01:05:38 | |
In this episode, Luke welcomes guest Justin Ford, who has been in the short-term rental industry for 26 years. Justin shares his experience starting a vacation rental company and shares a pivotal moment in his career when a guest was injured in one of his properties, leading him to reevaluate his approach to safety. They highlight the lack of regulations and awareness regarding safety in short-term rentals as well as the importance of fire safety, pool safety and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
20 Feb 2024 | Learning a Vacation Rental House | 00:12:44 | |
In this episode, Luke dives into the art of managing guests in vacation homes and the nuances of property management. He highlights the importance of communication, as well as understanding and sympathizing with your guests' experiences. By being proactive, communicative, and empathetic, you can ensure that your guests have a memorable stay, and you maintain a thriving rental business.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
12 Mar 2024 | Should My Airbnb Be Pet Friendly? | 00:48:44 | |
This week we are talking all about the pros and cons to being pet friendly! Luke is joined by two Short Term Shop agents, Stacey Lancaster and Derek Tellier. Stacey and Derek both have pet friendly and non pet friendly properties and share their experiences with pets as well as what influenced their decisions to allow them. The group also chats about addressing pets with your cleaners, wear and tear on the properties and pet friendly vs specifically dog friendly.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
19 Mar 2024 | Transitioning to Self Managed | 00:38:32 | |
This week Luke is joined by Jim Stutzman! Jim is a STRM listener and fellow cornhusker who recently transitioned from having a property manager to self managing his short term rentals. Jim shares his background in being a cattle farmer and how he eventually ended up opening a brewery and owning a few vaction homes. They discuss the process of getting his listings set up on PMS, if he's happier as a self manager and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
27 Feb 2024 | 2024 Pre-Season Sizzle | 00:45:05 | |
This week Luke is joined yet again by Tim Grillot for a little pre-season sizzle. In this episode, Luke and Tim focus on the importance of staying positive and proactive as the high season quickly approaches. They emphasize waiting out the pre season jitters to avoid getting in a race to the bottom, as well as share some helpful tips on how to refresh your listings and prices this time of year.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
05 Mar 2024 | Hostfully-Palooza! | 00:33:12 | |
This week Luke is joined by Margot Schmorak, CEO and Co-founder of Hostfully. Margot shares the origin story of Hostfully and its focus on supporting smaller scale property managers. They also discuss the evolution of this industry and the consolidation of PMS softwares. Margot shares some exciting news about Hostfully-Palooza, an exclusive online experience crafted to familiarize you with Hostfully's integration partners and the cutting-edge solutions they offer.
Check out Host-fully Palooza!: https://www.hostfully.com/integrations-palooza/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
26 Mar 2024 | Is The Review More Important Than Money? | 00:10:29 | |
On this week's episode Luke dives into the topic of rental property reviews and emphasizes that while reviews are important, they are not everything. He advises new property owners to work hard, offer great service, and focus on providing an amazing product rather than fixating on reviews.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
02 Apr 2024 | Handypeople For Noobs | 00:27:38 | |
On this week's episode Luke is diving into the common misconception that all you need to run a successful rental is to list it on Airbnb and have a handyman on call. He emphasizes the importance of building a network of reliable individuals who can handle various tasks. He also touches on the future of handymen specialization, why you need to understand your property and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
09 Apr 2024 | Call the Platforms! | 00:14:30 | |
This week Luke is giving some helpful tips on how to become a better host! He stresses the importance of reaching out to these platforms to gain a thorough understanding of their policies and procedures. By making frequent calls, individuals can acquire valuable insights into platform operations, leading to increased bookings and improved guest communication. Luke also points out that engaging with platforms through phone calls can demonstrate a host's commitment and interest, potentially resulting in enhanced visibility.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
16 Apr 2024 | OwnerRez Updates | 00:45:50 | |
On this week's episode, Luke is joined by Paul Waldschmidt, the CEO and founder of OwnerRez. They delved into the origins of OwnerRez, the challenges they faced in the early days, and how they've evolved to become a foundational tool for property managers and owners. They discussed the importance of rental agreements and how OwnerRez facilitates this process seamlessly within their system. Paul also highlighted their insurance partnerships as well as a new jumpstart program, which offers free calls to help new users get up to speed with the software, emphasizing their commitment to customer support and ease of use.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
23 Apr 2024 | Managing 80+ Units In A Small Seasonal Beach Town | 00:32:46 | |
In this episode, Luke is joined by Allison Bayley, a property manager from Scarborough, Maine. Allison, at just 21 years old, co-founded a property management company with her mother in 2018. Allison shared insights into the unique market of Scarborough, a beach town that thrives for two months in the summer but becomes a "ghost town" during the off-season. They also discussed the strategies her company uses to maximize revenue during the short season, including dynamic pricing and providing a full-service experience to guests.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
30 Apr 2024 | How To Remove A Bad Airbnb Review | 00:22:26 | |
This week Luke is talking about bad reviews and how to get them removed! He emphasizes the importance of understanding the platform's policies as well as calling the platforms regularly to give you the best chance at success. Luke also highlights some of the different approaches to getting a review removed, but reminds everyone that a bad review is not the end of the world.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
21 May 2024 | How To Handle A Party At Your Airbnb | 00:39:02 | |
This week Luke is joined by his good friend and seasoned property manager, Chuck Kramer, to share some real-world experiences and tips on managing parties at your Airbnb. Chuck shares a story about an incident at his beach property where a seemingly normal booking turned into a party with about 70 kids. Despite taking precautions like collecting IDs and being extra vigilant during spring break, the party still happened. Chuck explains what methods he used to monitor the situation and reveals what it took to clear the party out. They discuss the aftermath of the party and emphasize the importance of clear communication with your guests.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
04 Jun 2024 | Multi-Unit Parent-Child Airbnbs | 00:19:51 | |
On this episode of Short Term Rental Management, Luke and Chuck Kramer discuss the concept of parent-child listings in Airbnb and Vrbo. Chuck explains how to manage having two listings in one property to avoid double bookings and optimize rental opportunities. Whether it's offering different formats of the same property or renting out connected units separately or together, Chuck provides insights on how to make it work effectively.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
28 May 2024 | AI and STRs | 00:22:04 | |
This week Luke is joined by Shahar Goldboim to discuss Boom, his AI software and the role that AI can play in managing STRs. Shahar emphasized how AI could reduce costs and improve operational efficiency in managing vacation rentals. They also discussed how using AI could improve overall guest experience.
How to connect with Shahar: boomnow.com
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
07 May 2024 | Summer Stunner | 01:06:36 | |
This week Luke is bringing you the Summer Stunner with an all-star cast of characters, Avery, Tim, Chuck and Paige! They cover a range of topics essential for preparing for the bustling summer season and ensuring that are ready to provide exceptional experiences for each guest. This includes insights on current market trends, seasonal pricing strategies, updating properties and listings for the summer and more!
How to connect with Luke and Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
How to connect with Luke and Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
14 May 2024 | Mega Markets | 00:23:33 | |
In this episode, the discussion focuses on different types of markets in the vacation rental industry. Luke introduces the concept of a "megamarket" and humorously suggests calling it a "supermarket." The episode highlights the significance of niche markets and explored various market types, including metro markets, national vacation markets, regional vacation markets, and used the Smokey Mountains as a prime example of a megamarket.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
11 Jun 2024 | Take the Money and Run | 00:11:20 | |
On this week's episode, Luke is diving into the fundamental question: Do you even want to rent your house? He addresses some common concerns for hosts renting out their home and stresses the importances of not overcomplicating things with too many rules.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
18 Jun 2024 | Guests Learning a House | 00:15:29 | |
In this episode of Short Term Rental Management, Luke discusses the importance of understanding guests who are unfamiliar with a vacation home. He emphasizes the importance of having empathy for new guests, proactive management and using things like guidebooks to demonstrate clear communication.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
25 Jun 2024 | Hostaway! | 01:01:54 | |
This week Luke had pleasure of chatting with Marcus, a fellow metalhead and the CEO of Hostaway, a leading short-term rental management company. Marcus shared his recent experiences, including a recent trip to Costa Rica where he enrolled his kids in a local school, offering a unique perspective on living and working remotely. They also discussed the evolution of the vacation rental industry and Marcus provided insights into the unique business models in different countries. Marcus also touched on the challenges and opportunities in the property management software space, noting the consolidation trend and the importance of adapting to market changes.
How to connect with Marcus:
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
02 Jul 2024 | Facebook Ads for STR | 00:11:37 | |
On this week's episode, Luke is discussing the potential of using Facebook marketing to boost bookings for short term rental properties. He emphasizes the simplicity of running Facebook ads and shares tips on how hosts can efficiently promote their listings. Throughout the episode, he shares his personal experiences and tips for getting the most out of your ad campaign.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
13 Aug 2024 | I Got a Bad Review | 00:17:56 | |
In this episode, Luke is revisiting the topic of receiving bad reviews. The discussion revolves around the idea of whether hosts deserve negative feedback and how to learn from such reviews. Luke emphasizes the importance of reviews in the rental business and shares insights on dealing with the stress and impact of receiving negative feedback.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
16 Jul 2024 | Stop Repairing Old Appliances | 00:13:01 | |
In this episode, Luke discusses how to handle broken appliances in vacation homes and rental properties. Luke emphasizes the importance of replacing malfunctioning items rather than constantly repairing them, and shares insights and stories gained from years of experience in the industry.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
09 Jul 2024 | Professional Self Management with Amelia | 00:34:34 | |
In this episode of Short Term Rental Management, Luke had the pleasure of interviewing Amelia McGee, a real estate investor based in Des Moines, Iowa. Amelia shared her journey of starting in real estate investing, from flipping houses to acquiring a portfolio consisting of long-term, mid-term, and short-term rentals. They also discuss her approach to property management, and the importance of diversifying one's real estate portfolio.
How to connect with Amelia: @ameliajorei @wiire.community https://www.womeninvestinrealestate.com/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
06 Aug 2024 | Pivoting into a PM | 00:40:59 | |
In this episode Luke is joined by Stephen Patasky, Founder and CEO of The Luxus Group. Stephen shares his journey that began 18 years ago when he and his wife, expecting their first child, sought a way to continue their love for travel without the uncertainties of hotels and inconsistent vacation rentals. This led to the creation of the Luxus Group, a fractional ownership model for vacation homes. Luke and Steve also discuss the challenges and successes of managing a portfolio like Steve's, including the importance of maintaining high standards and providing a consistent, luxury experience for their investors.
How to connect with Stephen:
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
23 Jul 2024 | Google Vacation Rentals | 00:21:20 | |
This week Luke and Chuck are discussing Google Vacation Rentals. What is it? How does it work? And most importantly, how can you leverage it to get more bookings for your short-term rental properties? Chuck explains that Google vacation rentals is not an OTA like Airbnb or Vrbo, but rather an index that directs potential guests to your direct booking website or proxy. They go over how integrating Google Vacation Rentals with your PMS can streamline the booking process as well as what the user experience is like from the guest side.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
20 Aug 2024 | Professional PM in Costa Rica | 00:47:14 | |
In this week's episode we are joined by Nick Halverson, a very fascinating guest who owns a property management company in Costa Rica! Nick recounts the ups and downs of his real estate ventures, including dealing with environmental regulations, partner disputes, and the financial crisis of 2008. He also discusses the eventual dissolution of his initial partnership and the lessons learned from mismanagement and misappropriation of funds. Nick also shares insights into the current real estate market in Costa Rica, noting that while the market has cooled slightly, it remains robust compared to the financial crisis era.
How to connect with Nick: https://osapropertymanagement.com/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
30 Jul 2024 | Real Estate Parenting: The Kids Come First | 00:28:30 | |
This week Luke discusses the importance of parenting and prioritizing family while navigating the world of real estate investing and management. He shares his thoughts on sacrificing happiness now for happiness later and stresses the importance of staying present in the lives of your children, and reflects on his own experiences with his kids being out of school.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
27 Aug 2024 | Should My Cleaner Ask for Gratuity? | 00:13:04 | |
Welcome to another episode of Short Term Rental Management! Today, Luke dives into a hot topic that often sparks debate in the STR community: should we allow our cleaners to ask for tips? Luke reflects on his experiences in the bar business and his modest upbringing as he shares his perspective on tipping culture and why he encourages cleaners to ask for tips.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
03 Sep 2024 | Charlotte Pro PM with Caleb | 00:44:50 | |
In this episode of the Short Term Rental Management podcast, Luke had the pleasure of chatting with Caleb Shore, a property manager from Charlotte, North Carolina. Caleb shared his journey into STRs, starting with a long term rental that he and his business partner converted into a short term rental just before the COVID-19 pandemic. Despite initial setbacks, they adapted by targeting work from home travelers, which led to the eventual formation of their company, MyTripify. Caleb also highlighted the necessity of having a proper license to manage properties in North Carolina and the potential pitfalls of the co-host model.
How to connect with Caleb: @calebwshore on Instagram
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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10 Sep 2024 | Kiyosaki Vs Cardone Vs Ramsey | 00:18:54 | |
This week Luke is diving into the world of money management and exploring different philosophies from three financial gurus: Dave Ramsey, Grant Cardone, and Robert Kiyosaki. Luke breaks down each of these philosophies and shares personal insights on overcoming poor money mindset ingrained from upbringing, highlighting the impact of family beliefs on financial success.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
17 Sep 2024 | How We Grew to 10 Properties | 00:44:19 | |
In this episode of Short Term Rental Management, Luke is joined by Bobby and Nicole, a dynamic duo from Orlando who have ventured into the world of property management. Bobby and Nicole shared their journey of getting started in real estate and how they were able to acquire about 1 property per year for multiple years. They shared insights into their property management strategies, including the importance of hands-on management, optimizing listings, and staying on top of market trends. Bobby and Nicole also discussed their foray into co-hosting properties for other owners, expanding their portfolio to ten short-term rentals across multiple markets. They highlighted the challenges and rewards of managing properties remotely and the importance of building a reliable team to support their operations.
How to connect with Bobby and Nicole: info@wandermorehosting.com https://wandermorehosting.com/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
24 Sep 2024 | Accept Pre-Approve Or Decline? | 00:07:11 | |
This episode of Short Term Rental Management delves into the accept-decline system, particularly on Airbnb. He shares his recommendations for pre-approving guests and shares insights on how these decisions may impact algorithms, though he admits the exact effects are unknown. Luke also discusses his personal approach to accepting and declining guests to optimize the booking process.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
01 Oct 2024 | Amanda Bax is Who You're Trying to Be | 01:10:09 | |
On this week’s episode Amanda Bax shares her journey into real estate, starting from her experience trying to sell her home to navigating the rental market. She discusses the challenges they faced with a fire-damaged property and how her husband’s construction background helped them renovate and expand their portfolio. She shares how navigating the ups and downs of real estate led to them accumulating a portfolio of 8 long term rentals, a commercial retail plaza, a luxury boutique inn, a lake house and a resort in Lake of the Ozarks, Missouri.
How to connect with Amanda: amandabax.com
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
08 Oct 2024 | Your Guests are Stressed | 00:14:08 | |
This week's episode serves as a heartfelt reminder to all short term rental hosts to empathize with their guests and understand the various stressors they might be experiencing during their stay. Luke draws parallels between bartending and managing short term rentals, stressing the value of customer service skills and the role they play in being a good host. He also offers a reminder that guests might be dealing with various stressors, from family dynamics to financial pressures. It's essential to be kind, understanding, and hospitable, recognizing that every guest is carrying their own burden of stress.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
15 Oct 2024 | It's Your Time To Shine | 00:20:09 | |
On this week's episode, Luke is highlighting what significant opportunities are available for new investors in the current real estate market. Luke reflects on his own investing journey which began over a decade ago, right after the Great Recession. He then discusses that with decreasing competition, favorable market conditions, and the emergence of a new generation of investors, those willing to take action can find success.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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22 Oct 2024 | What Does Financial Freedom Mean to You? | 00:25:25 | |
On this week's episode of Short Term Rental Management, Luke dives into the concept of financial freedom. He explores what financial freedom means, emphasizing that it can vary significantly from person to person. Luke encourages listeners to assess their current financial situation, asking thought-provoking questions about their assets and liabilities, such as the number of cars they own and whether they carry loans on them. He also hints at the importance of investing in income-producing assets, like real estate, to achieve financial independence.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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29 Oct 2024 | The American People Have Leveled Up | 00:22:34 | |
On this week's episode of Short Term Rental Management, Luke reflects on the post-COVID economy and the financial challenges we currently face, dubbing it the "false level up of the COVID era." He shares personal anecdotes from March 2020, a time filled with uncertainty and fear, especially as a new parent. Luke also reiterates that despite the economic challenges we currently face, there is hope. He notes that the travel industry is projected to see $1.3 trillion in spending by the end of 2024, and emphasizes that even though Real estate sales are currently in a slump, the current market presents a great buying opportunity.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties | |||
05 Nov 2024 | Blue Ridge & Broken Bow Airbnbs | 01:19:16 | |
This week Luke is joined by short term shopper Jack Cronin who is based in NYC. Jack shared his journey into real estate, which began with his family's traditional approach to homeownership and evolved into a passion for investing in rental properties. Jack and his fiancée, both lifelong renters, have built a diverse portfolio that includes long term rentals in Mississippi and short term rentals in Blue Ridge and Broken Bow. They then delved into Jack's strategy for short term rentals, discussing how he leverages his marketing background to optimize guest experiences and occupancy rates. He shared insights on pricing strategies, emphasizing the importance of reviews and guest satisfaction over maximizing nightly rates. Jack's approach includes offering competitive pricing during off-peak times to ensure consistent bookings, which has led to impressive occupancy rates.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok Join the Short Term Shop Facebook group! Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties |