21 min listen
STR 1 - Managing Your Own Short Term Rentals with Julia Spencer
STR 1 - Managing Your Own Short Term Rentals with Julia Spencer
ratings:
Length:
42 minutes
Released:
Nov 3, 2017
Format:
Podcast episode
Description
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals. Key Takeaways: [2:43] Julia has about 30 listings for her 7 homes [6:56] Julia's portfolio prior to starting short-term rentals [9:40] The importance of the review system in the short-term rental market [12:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes [16:37] Short-term rentals and problems with neighbors [21:10] Red flags (and green flags) for properties you're considering for short-term rentals [25:38] What team members do you need in order to self-manage? [31:11] Whether Julia has ever looked into using (or used) a property manager [34:28] How Julia streamlines her operations [38:08] A real life example of what kind of profits Julia makes on her properties Website: www.JuliaMSpencer.com
Released:
Nov 3, 2017
Format:
Podcast episode
Titles in the series (79)
STR 2 - Data & Insights for the Sharing Economy with AirDNA's Scott Shatford: The sharing economy isn't going anywhere, and people can make a lot of money getting involved. But you have to be smart about how you invest. Each property is different, each market is different, and each day is different, which can make figuring out... by The Short Term Rental Profits Show