Summary of Avery Carl's Short-Term Rental, Long-Term Wealth

By IRB Media

Get the Summary of Avery Carl's Short-Term Rental, Long-Term Wealth in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Airbnb, Vrbo, and other listing services have become massively popular in recent years - why not tap into the gold mine? Whether you’re new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream - but only if you acquire and manage your properties correctly.

Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than long-term rentals. Avery Carl, the CEO and founder of The Short Term Shop, will show you how to choose, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome obstacles that keep many would-be investors from ever getting started!

• Language: English
• Publisher: IRB Media
• Release date: Nov 24, 2021
• ISBN: 9781638157908

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Avery Carl's Short Term Rental Long Term Wealth

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 1

#1

The author was born and raised in New York City, and while she enjoyed the lifestyle afforded to her by her parents’ high-earning jobs, she always thought the opportunity to generate income that way was not sustainable.

#2

The author bought a house outside of Nashville in 2016, which she and her husband now rent out.

#3

The author and her boyfriend, Luke, started looking for vacation rental properties. They wanted to find a way to invest in vacation rentals without having to hire a property manager.

#4

The author began with a single property and now manages a portfolio of about thirty units, generating around $400,000 per year in gross revenue.

#5

The most common type of investment property is the short-term rental, which is a property rented out for less than a year to guests.

#6

The author was able to acquire multiple properties and become financially independent by investing in short-term rentals.

#7

Before investing your hard-earned money into real estate, be sure that it is aligned with your life goals and that you will be able to comfortably maintain it. If you're married or in a long-term relationship, make sure your partner agrees with such a big commitment.

#8

Vacation rentals are a relatively new strategy that