The Short Term Show

Latest Episodes:

Tips for Picking Your Short-Term Rental Market Jul 30, 2021

Show notes

Tony Robinson is a short term real estate investor who learned from a young age the importance of holding property to build wealth rather than immediately jumping to wholesaling. Ever since he received enough capital to do so, Tony has been profiting from his well-calculated short term investments. He currently works actively in both the Smokey Mountains and Joshua Tree, California. He is an expert when it comes to understanding your market and making the right decisions whether you are purchasing your first short-term rental homes or adding additional real estate to your portfolio.

In this episode, show host Avery Carl has an in-depth conversation with Tony about the differences between the different real estate markets and how the specific needs of the property change geographically, and as the tourism and the population of the area changes throughout time. We additionally speak about the differences between short and long term rentals and the risks that may come with either investment. Tony speaks about the characteristics of the property that should be carefully researched prior to purchase, and how to know the right questions to ask before agreeing to the sale.

Discussion Points

Tony’s Background in Real Estate
Overview of Tony’s real estate experience
How to tailor your selling tactics to different markets
Method of using vacation home mortgage to buy homes
Tips for picking and knowing your market
Difference between short-term vs long-term rentals
- Risks of short-term rentals
- Why to avoid markets with out short-term rental regulations
Importance of looking at previous ownership in rentals
- Why person running a rental is more important than the asset itself
Suggestions for starting out in a newer rental market
Tips for getting started and asking the right questions
- Picking your market, knowing your budget, making connections

The Short Term Shop University

The Short Term Shop Facebook Group

Bigger Pockets Real Estate Rookie Podcast

@TonyJRobinson

Real Estate Robinsons

How to leave 2 6-Figure Jobs with Vacation Rental Investing Jul 14, 2021

Show notes

Pavan Mediratta and his wife Tracy left their corporate jobs - “retiring” to manage their vacation rental business with greater success than they imagined possible. Their business has boomed because they continued to make great purchase decisions and continued to self-manage all their properties.

In today’s episode, Avery Carl picks Pavan’s brain about topics ranging from his short term rental buying decision-making process to choosing a housekeeper. He shares insight into the way he negotiates for a property in the current extremely competitive housing market to make sure he gets the properties he wants. There are few people with his level of experience in the vacation rental market so this episode is once again brimming with great advice for new and experienced investors alike.

Discussion Points

How Pavan Mediratta got started in short term rentals
The markets they focus on
The important things to consider when managing a rental remotely
Finding the right housekeeper
How to deal with cleaning and maintenance problems
Changing from long-term rentals to short term rentals
Walking away from a steady income
Choosing a unit according to its size
Identifying a market to go into
Good markets/deals in the past vs current market conditions
Advice for “young Pavan”
Favourite Book
Dispelling limiting beliefs of new investors

Resources

The Short Term Shop University

The Short Term Shop Facebook Group

Cashflow Quadrant Book

Investing in Short Term Rentals with Your Spouse Jul 13, 2021

Show notes

Avery Carl - real estate agent extraordinaire hosts The Short Term Show - the podcast with a focus on short term investment for long term wealth in real estate. Husband and wife team, Luke and Avery Carl, together with a great team, run a successful short term real-estate business called “The Short Term Shop”. Avery and Luke co-founded the business after realising that there’s a market for people who want to get into investing in short term rental property - but don't know where to start.

The guest today is none other than Avery’s husband Luke. He is the education and management specialist for The Short Term Shop University while Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from anywhere in the world.

Discussion Points

Luke’s Background
Getting into real estate investing
Luke’s First Deal
First Single Family home Long term rental investment
Why do short term rental investments?
Getting advice from the “enemy” on getting started in short term rentals
The value of a mentor
Structuring a partnership in property investment
What constitutes a good deal?
Managing a property
- Hiring a housekeeper
- Avoiding bad reviews by weeding out bad guests
- Software to assist property management
Advice for “newbie” short term rental property investors
Luke’s most recent favourite book