Some people prefer homes that are turnkey and ready to be rented immediately. Others prefer to renovate so they can put their own touches on a place (or they just love picking up a drill!). And some might not be sure which is for them – or might want to do both (like us!). In this episode, we talk about the pros and cons of each and what our renovation experience has been like (hint: some good, some not so good).
Rob Abasolo is called the “King of Short Term Rentals” and he has used AirBnB to quit his job, make waaaay more money than before, and do the stuff he loves (like building tiny houses, renovating motels, and giving people epic experiences). But it wasn’t always that way – in fact, his very first short term rental project that was supposed to take 3 months took 13!
Scott is the founder of the best short term rental tool on the planet, AirDNA, and he joins me today to talk about the future of STR, the best markets (including one in Oklahoma??), and the one easy thing you absolutely need to do to get a 5-star rating from him that everyone messes up.
This is Part 2 of our Short Term Rental Ask Us Anything and today, we cover a whole array of topics, including if we would ever build unique properties from the ground, how much you need to get started in STR, what the biggest factors have been for our success, and even if we let friends and family stay for free. Enjoy!
Ask and ye shall receive. This is Part 1 of our Short Term Rental Ask Us Anything, where we answer your questions about STR. In this episode, we cover everything from how to house hack your own home to what brand of mattress we use that guests rave about (and is cheap to boot!).
Over the years, we’ve learned A LOT of lessons about how to make a magical short term rental. Here, we give you the 14 most important lessons, from the sexy (“discover your why”) to the unsexy (let’s talk about locks!).