Short Term Rental Management

Latest Episodes:

Heads in Beds Feb 06, 2024

Show notes

In this episode, Cashflow Carl discusses the topic of how many guests should be allowed in a vacation rental property. He emphasizes that there is no right or wrong answer to this question and suggests simply picking a number and adjust it later if needed. He shares his experience of being previously pet friendly, and how he knew rather quickly that method did not work for him.

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

Which Bank Should I Use? Jan 30, 2024

Show notes

This week Luke is bringing you another solo episode all about what bank you should be using. He touches on why you need a virtual bank and goes through the different banking options currently available.

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

You're Spending Too Much Time On Your STR Jan 23, 2024

Show notes

This week Luke has a solo episode about prioritizing the most important things with your STR properties. He'll touch on refraining from spending too much on crazy amenities, not spending countless hours tweaking your website, why you need to focus on your next down payment and more.

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

2024 Goal Setting Jan 16, 2024

Show notes

This week Luke and Tim are doing a goal setting session for the upcoming year. They discuss the importance of setting realistic goals and address the common mistake of setting unrealistic goals. They mention some of their goals for this year as well as some BHAGs (big hairy audacious goals).

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

A Landlord, A Realtor and a Numbers Guy Walk Into A Bar Jan 09, 2024

Show notes

In this episode, Luke had pleasure of being joined by two industry rock stars, Dave Meyer and Avery Carl. They delved into a recap of 2023, touched on some 2022 highlights, and speculated on what 2024 might hold for everyone. They also touched on the broader housing market, noting the significant drop in home sales in 2023, which was the lowest in 15 years, and discussed the potential impact of recent drops in interest rates on the real estate sales market.

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

What's New for Hospitable Jan 02, 2024

Show notes

This week Luke is joined by Brian Seelos from Hospitable. They chat about what sets Hospitable apart from other property management softwares as well as what exciting new things are coming to the platform. They'll touch on the new ChatGPT integration, chat gpt integration, google vacation rental feature and an improved metrics dashboard.

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

Pyramid of Pricing Dec 26, 2023

Show notes

This week Luke is breaking down his pyramid of pricing. He'll go through each tier of the pyramid and give his best tips on how to adjust your calendar pricing accordingly.

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

What Have You Done For Real Estate Lately Dec 19, 2023

Show notes

This week the Reverend of Real Estate is preaching about the importance of giving back to real estate as much as you get from it. Luke talks about why you need to stay grateful and humble in the real estate business, and how having a bad attitude will almost always come back to bite you.

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

Burning Questions: Ensuring Fire Safety in Vacation Rentals with Bobby Herrington Dec 12, 2023

Show notes

This week Luke is joined by Bobby Herrington to discuss the insane experience he had with the very first guests who stayed in his property in the Smokys. Before jumping into his story, Bobby shares how he got started as an utlra marathon runner. They'll discuss dealing with insurance when your house burns down, how Bobby educated himself during the process and how he was able to get through it all.

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

Managing 25 Units and a New Baby Dec 05, 2023

Show notes

This week Luke is joined by another Luke! Lucas Piper joins STRM to discuss his experience owning Five Star Vacation Home Rentals and managing 25 vacation rental units. They discuss new STR legislation in Austin, Texas, what it's like managing STRs in residential neighborhoods, Luke's 10 year goals for property management and more.

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

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