Explorez tous les épisodes du podcast Short Term Rental Management
| Titre | Date | Durée | |
|---|---|---|---|
| Accept Pre-Approve Or Decline? | 24 Sep 2024 | 00:07:11 | |
This episode of Short Term Rental Management delves into the accept-decline system, particularly on Airbnb. He shares his recommendations for pre-approving guests and shares insights on how these decisions may impact algorithms, though he admits the exact effects are unknown. Luke also discusses his personal approach to accepting and declining guests to optimize the booking process.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| How We Grew to 10 Properties | 17 Sep 2024 | 00:44:19 | |
In this episode of Short Term Rental Management, Luke is joined by Bobby and Nicole, a dynamic duo from Orlando who have ventured into the world of property management. Bobby and Nicole shared their journey of getting started in real estate and how they were able to acquire about 1 property per year for multiple years. They shared insights into their property management strategies, including the importance of hands-on management, optimizing listings, and staying on top of market trends. Bobby and Nicole also discussed their foray into co-hosting properties for other owners, expanding their portfolio to ten short-term rentals across multiple markets. They highlighted the challenges and rewards of managing properties remotely and the importance of building a reliable team to support their operations.
How to connect with Bobby and Nicole: info@wandermorehosting.com https://wandermorehosting.com/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Stop Repairing Old Appliances | 16 Jul 2024 | 00:13:01 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Professional Self Management with Amelia | 09 Jul 2024 | 00:34:34 | |
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/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Facebook Ads for STR | 02 Jul 2024 | 00:11:37 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Hostaway! | 25 Jun 2024 | 01:01:54 | |
This week Luke had pleasure of chatting with Marcus, a fellow metalhead and the CEO of Hostaway, a leading short-term rental management company. Marcus shared his recent experiences, including a recent trip to Costa Rica where he enrolled his kids in a local school, offering a unique perspective on living and working remotely. They also discussed the evolution of the vacation rental industry and Marcus provided insights into the unique business models in different countries. Marcus also touched on the challenges and opportunities in the property management software space, noting the consolidation trend and the importance of adapting to market changes.
How to connect with Marcus:
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Guests Learning a House | 18 Jun 2024 | 00:15:29 | |
In this episode of Short Term Rental Management, Luke discusses the importance of understanding guests who are unfamiliar with a vacation home. He emphasizes the importance of having empathy for new guests, proactive management and using things like guidebooks to demonstrate clear communication.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Take the Money and Run | 11 Jun 2024 | 00:11:20 | |
On this week's episode, Luke is diving into the fundamental question: Do you even want to rent your house? He addresses some common concerns for hosts renting out their home and stresses the importances of not overcomplicating things with too many rules.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Multi-Unit Parent-Child Airbnbs | 04 Jun 2024 | 00:19:51 | |
On this episode of Short Term Rental Management, Luke and Chuck Kramer discuss the concept of parent-child listings in Airbnb and Vrbo. Chuck explains how to manage having two listings in one property to avoid double bookings and optimize rental opportunities. Whether it's offering different formats of the same property or renting out connected units separately or together, Chuck provides insights on how to make it work effectively.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| AI and STRs | 28 May 2024 | 00:22:04 | |
This week Luke is joined by Shahar Goldboim to discuss Boom, his AI software and the role that AI can play in managing STRs. Shahar emphasized how AI could reduce costs and improve operational efficiency in managing vacation rentals. They also discussed how using AI could improve overall guest experience.
How to connect with Shahar: boomnow.com
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| How To Handle A Party At Your Airbnb | 21 May 2024 | 00:39:02 | |
This week Luke is joined by his good friend and seasoned property manager, Chuck Kramer, to share some real-world experiences and tips on managing parties at your Airbnb. Chuck shares a story about an incident at his beach property where a seemingly normal booking turned into a party with about 70 kids. Despite taking precautions like collecting IDs and being extra vigilant during spring break, the party still happened. Chuck explains what methods he used to monitor the situation and reveals what it took to clear the party out. They discuss the aftermath of the party and emphasize the importance of clear communication with your guests.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Mega Markets | 14 May 2024 | 00:23:33 | |
In this episode, the discussion focuses on different types of markets in the vacation rental industry. Luke introduces the concept of a "megamarket" and humorously suggests calling it a "supermarket." The episode highlights the significance of niche markets and explored various market types, including metro markets, national vacation markets, regional vacation markets, and used the Smokey Mountains as a prime example of a megamarket.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Kiyosaki Vs Cardone Vs Ramsey | 10 Sep 2024 | 00:18:54 | |
This week Luke is diving into the world of money management and exploring different philosophies from three financial gurus: Dave Ramsey, Grant Cardone, and Robert Kiyosaki. Luke breaks down each of these philosophies and shares personal insights on overcoming poor money mindset ingrained from upbringing, highlighting the impact of family beliefs on financial success.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Summer Stunner | 07 May 2024 | 01:06:36 | |
This week Luke is bringing you the Summer Stunner with an all-star cast of characters, Avery, Tim, Chuck and Paige! They cover a range of topics essential for preparing for the bustling summer season and ensuring that are ready to provide exceptional experiences for each guest. This includes insights on current market trends, seasonal pricing strategies, updating properties and listings for the summer and more!
How to connect with Luke and Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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
How to connect with Luke and Avery: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| How To Remove A Bad Airbnb Review | 30 Apr 2024 | 00:22:26 | |
This week Luke is talking about bad reviews and how to get them removed! He emphasizes the importance of understanding the platform's policies as well as calling the platforms regularly to give you the best chance at success. Luke also highlights some of the different approaches to getting a review removed, but reminds everyone that a bad review is not the end of the world.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Managing 80+ Units In A Small Seasonal Beach Town | 23 Apr 2024 | 00:32:46 | |
In this episode, Luke is joined by Allison Bayley, a property manager from Scarborough, Maine. Allison, at just 21 years old, co-founded a property management company with her mother in 2018. Allison shared insights into the unique market of Scarborough, a beach town that thrives for two months in the summer but becomes a "ghost town" during the off-season. They also discussed the strategies her company uses to maximize revenue during the short season, including dynamic pricing and providing a full-service experience to guests.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| OwnerRez Updates | 16 Apr 2024 | 00:45:50 | |
On this week's episode, Luke is joined by Paul Waldschmidt, the CEO and founder of OwnerRez. They delved into the origins of OwnerRez, the challenges they faced in the early days, and how they've evolved to become a foundational tool for property managers and owners. They discussed the importance of rental agreements and how OwnerRez facilitates this process seamlessly within their system. Paul also highlighted their insurance partnerships as well as a new jumpstart program, which offers free calls to help new users get up to speed with the software, emphasizing their commitment to customer support and ease of use.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Call the Platforms! | 09 Apr 2024 | 00:14:30 | |
This week Luke is giving some helpful tips on how to become a better host! He stresses the importance of reaching out to these platforms to gain a thorough understanding of their policies and procedures. By making frequent calls, individuals can acquire valuable insights into platform operations, leading to increased bookings and improved guest communication. Luke also points out that engaging with platforms through phone calls can demonstrate a host's commitment and interest, potentially resulting in enhanced visibility.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Handypeople For Noobs | 02 Apr 2024 | 00:27:38 | |
On this week's episode Luke is diving into the common misconception that all you need to run a successful rental is to list it on Airbnb and have a handyman on call. He emphasizes the importance of building a network of reliable individuals who can handle various tasks. He also touches on the future of handymen specialization, why you need to understand your property and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Is The Review More Important Than Money? | 26 Mar 2024 | 00:10:29 | |
On this week's episode Luke dives into the topic of rental property reviews and emphasizes that while reviews are important, they are not everything. He advises new property owners to work hard, offer great service, and focus on providing an amazing product rather than fixating on reviews.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Transitioning to Self Managed | 19 Mar 2024 | 00:38:32 | |
This week Luke is joined by Jim Stutzman! Jim is a STRM listener and fellow cornhusker who recently transitioned from having a property manager to self managing his short term rentals. Jim shares his background in being a cattle farmer and how he eventually ended up opening a brewery and owning a few vaction homes. They discuss the process of getting his listings set up on PMS, if he's happier as a self manager and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Should My Airbnb Be Pet Friendly? | 12 Mar 2024 | 00:48:44 | |
This week we are talking all about the pros and cons to being pet friendly! Luke is joined by two Short Term Shop agents, Stacey Lancaster and Derek Tellier. Stacey and Derek both have pet friendly and non pet friendly properties and share their experiences with pets as well as what influenced their decisions to allow them. The group also chats about addressing pets with your cleaners, wear and tear on the properties and pet friendly vs specifically dog friendly.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Hostfully-Palooza! | 05 Mar 2024 | 00:33:12 | |
This week Luke is joined by Margot Schmorak, CEO and Co-founder of Hostfully. Margot shares the origin story of Hostfully and its focus on supporting smaller scale property managers. They also discuss the evolution of this industry and the consolidation of PMS softwares. Margot shares some exciting news about Hostfully-Palooza, an exclusive online experience crafted to familiarize you with Hostfully's integration partners and the cutting-edge solutions they offer.
Check out Host-fully Palooza!: https://www.hostfully.com/integrations-palooza/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Charlotte Pro PM with Caleb | 03 Sep 2024 | 00:44:50 | |
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: @calebwshore on Instagram
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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
| |||
| 2024 Pre-Season Sizzle | 27 Feb 2024 | 00:45:05 | |
This week Luke is joined yet again by Tim Grillot for a little pre-season sizzle. In this episode, Luke and Tim focus on the importance of staying positive and proactive as the high season quickly approaches. They emphasize waiting out the pre season jitters to avoid getting in a race to the bottom, as well as share some helpful tips on how to refresh your listings and prices this time of year.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Learning a Vacation Rental House | 20 Feb 2024 | 00:12:44 | |
In this episode, Luke dives into the art of managing guests in vacation homes and the nuances of property management. He highlights the importance of communication, as well as understanding and sympathizing with your guests' experiences. By being proactive, communicative, and empathetic, you can ensure that your guests have a memorable stay, and you maintain a thriving rental business.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| SAFETY FIRST! | 13 Feb 2024 | 01:05:38 | |
In this episode, Luke welcomes guest Justin Ford, who has been in the short-term rental industry for 26 years. Justin shares his experience starting a vacation rental company and shares a pivotal moment in his career when a guest was injured in one of his properties, leading him to reevaluate his approach to safety. They highlight the lack of regulations and awareness regarding safety in short-term rentals as well as the importance of fire safety, pool safety and more.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Heads in Beds | 06 Feb 2024 | 00:20:47 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Which Bank Should I Use? | 30 Jan 2024 | 00:18:50 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| You're Spending Too Much Time On Your STR | 23 Jan 2024 | 00:19:09 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| 2024 Goal Setting | 16 Jan 2024 | 00:36:42 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| A Landlord, A Realtor and a Numbers Guy Walk Into A Bar | 09 Jan 2024 | 00:45:16 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| What's New for Hospitable | 02 Jan 2024 | 00:42:47 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Pyramid of Pricing | 26 Dec 2023 | 00:19:50 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Should My Cleaner Ask for Gratuity? | 27 Aug 2024 | 00:13:04 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| What Have You Done For Real Estate Lately | 19 Dec 2023 | 00:23:54 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Burning Questions: Ensuring Fire Safety in Vacation Rentals with Bobby Herrington | 12 Dec 2023 | 00:57:10 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Managing 25 Units and a New Baby | 05 Dec 2023 | 00:55:48 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Investing Long Term in Short Terms | 28 Nov 2023 | 00:55:17 | |
This week Luke is joined by Kelsey, an agent with the short-term shop, to talk about her experience in short-term rental management. She shares how she and her husband bought a cabin in the Smokies and a property in Crystal Beach. Kelsey discusses the challenges they faced in finding the right property and the bidding process. They also discuss the benefits of setting up personalized real estate searches and negotiating seller contributions.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| First Guest Had Bedbugs! | 21 Nov 2023 | 00:48:14 | |
This week Luke is joined by a Short Term Shopper, Calvin Hawke! Calvin shares his story of how he ended up in real estate and shares a horror story about the time that his FIRST guest ever had bedbugs! Tune in to see how it worked out for him!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| The 5 Pillars of Great Listing | 14 Nov 2023 | 00:40:05 | |
This week Luke is joined by Chuck Kramer to discuss the different pillars of a great STR listing. They discuss the importance of crafting your headline, updating your description and more. Tune in to hear a breakdown of each of the 5 pillars.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| A Conversation With Bill Faeth | 07 Nov 2023 | 01:09:04 | |
This week Luke is joined by Bill Faeth for a laidback conversation about their experiences in short term rentals, cohosting, and more. They talk about some recent challenges Bill has faced when purchasing a new property, the growing struggle for middle ground properties, the success of drive-in vacation markets and more.
After leaving UCLA, Bill pursued a career playing professional golf internationally before venturing into entrepreneurship. He successfully established a multi-million dollar glow-in-the-dark golf business, restaurants, real estate development, and as an investor. However, Bill’s interest in real estate investing was piqued when he visited Gulf Shores, AL, to search for a family beach house, prompting a shift in his investment focus from LTR to STR. He started in 2015 with the purchase of his first STR in Gulf Shores for $629,000 and quickly increased rental income by 93% in year one while self-hosting for the first time and implementing off-platform marketing strategies from running over $15M in digital ads. After this success, Bill quickly started growing his STR portfolio and has accumulated luxury single-family homes in five states, generating over $2.5M in annual revenue. He is a founding partner in Rivan Capital Group, a Cohost of 13 luxury properties, and operates four additional businesses.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| 900 Units Under Management | 31 Oct 2023 | 00:55:33 | |
This week Luke is joined by Dale Smith, a successful short-term rental management professional in the United Kingdom. With over 900 properties under management, Dale's company, Host and Stay, has experienced rapid growth since its founding in 2018. They discuss Dale's goal of reaching 5,000 properties by 2025. They also talk about management processes and tech stacks for a large company as well as what day to day operations look like when running a company of that size.
How to connect with Dale: https://hostandstay.co.uk/who-we-are/
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| 100K Cash Flow Using The Freedom Formula | 26 Oct 2023 | 00:11:10 | |
This week we are coming at you with a little bonus episode where we're going to do some math and figure out what it takes to quit your W2! We'll be using what Luke has coined as the "Freedom Formula".
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Evolution of STR; Saturation; Listener Mail | 24 Oct 2023 | 00:41:05 | |
On this week's episode Luke is joined once again by Pavan Mediratta. They discuss the evolution of short-term rental management over the years. They talk about the changes and advancements in technology, such as pricing software, and the importance of caring for guests and providing a memorable vacation experience. They also touch on the topic of saturation and finish off by reading some listener mail!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Professional PM in Costa Rica | 20 Aug 2024 | 00:47:14 | |
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/ Follow us on Instagram Follow us on TikTok 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 | |||
| Tax Free Wealth | 17 Oct 2023 | 01:06:30 | |
This week Luke is joined by another long time friend and Godfather of 1031 exchange, Dave Foster. Dave shares his story on how he ended up living on and raising his children on a boat for over a decade. They discuss the power of the 1031 exchange, tax advantages of owning multiple properties, how to maximize your retirement strategy asnd more. Dave Foster, a Qualified Intermediary (QI) investment professional, understands that real estate is really an investment in your future. As a multi-industry visionary, he has over 20 years of experience working in all phases of real estate investing. From commercial to residential, he brings his clients a fresh perspective and clear vision for strategic development. As an investor himself, he views each investment as a unique opportunity to maximize returns. A degreed accountant with a Master's in Management, Dave built his reputation on being a driven, results-oriented QI who works relentlessly to optimize value for the real estate investors with whom he works. He is inspired by a genuine desire to help investors excel, and he continuously strives to create win-win situations. Dave's book: Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Why You're Not Getting Any VRBO Bookings | 10 Oct 2023 | 00:48:54 | |
This week Luke is joined by a short term rental OG and long time friend, Pavan Mediratta! Luke and Pavan discuss the challenges and misconceptions surrounding Vrbo bookings and share strategies to get more exposure on the platform. They also chat about the history or VRBO, why you need to be listing your properties on multiple platforms, getting kicked off of AirBNB and more!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| Sticker Shock | 03 Oct 2023 | 00:25:27 | |
This week we're talking all about sticker shock. Everything is more expensive these days! We'll discuss how this relates back to our guests, getting our next deal and how to not let sticker shock get you down.
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||
| 2023 Winter Special | 26 Sep 2023 | 00:57:47 | |
Today Luke is joined by Chuck Kramer for this season's preparation episode! They're going to give you their best advice for preparinging for Winter, aka the slow season. This includes getting your maintenance people on the books well in advance, knowing what kind of market you're in so you can adjust accordingly, a good rule of thumb for when Christmas should be booked and more. Click here to register for BPCON today!
How to connect with Luke: The Short Term Shop - https://theshorttermshop.com/ Follow us on Instagram Follow us on TikTok 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 | |||