Short Term Rental Management

Latest Episodes:

Charlotte Pro PM with Caleb Sep 03, 2024

Show notes

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:

https://mytripify.com/

@calebwshore on Instagram

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

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

- https://amzn.to/3Adg6PA

Should My Cleaner Ask for Gratuity? Aug 27, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

Professional PM in Costa Rica Aug 20, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

I Got a Bad Review Aug 13, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

Pivoting into a PM Aug 06, 2024

Show notes

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:

https://luxusgroup.com/

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

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

- https://amzn.to/3Adg6PA

Real Estate Parenting: The Kids Come First Jul 30, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

Google Vacation Rentals Jul 23, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

Stop Repairing Old Appliances Jul 16, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA

Professional Self Management with Amelia Jul 09, 2024

Show notes

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/

The Self-Managing Landlord

How to connect with Luke:

The Short Term Shop - https://theshorttermshop.com/

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

- https://amzn.to/3Adg6PA

Facebook Ads for STR Jul 02, 2024

Show notes

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/

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

- https://amzn.to/3Adg6PA