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364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

FromBiggerPockets Real Estate Podcast


364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

FromBiggerPockets Real Estate Podcast

ratings:
Length:
68 minutes
Released:
Jan 9, 2020
Format:
Podcast episode

Description

Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!In This Episode We Cover:Where she’s currently buyingHow she balances running a real estate team with investingHow she created systems to help manage her portfolio of vacation rental propertiesThe difference between self-management and using a management companyHow she manages negative reviews onlineHer advice for marketing your STRThe apps she uses to automate the STR businessHow she buys her STRs with 10% downWhat expenses she factors into her numbers for STRsHow she protects her investments from a possible recessionHow she diversifies her risk between long-term and short-term rentalsHow she uses her first properties when buying additional propertiesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastThe Grey (movie)AirbnbiGMS Vacation Rental AppBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEmail Us for Pro Deals: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show364See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 9, 2020
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.