Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.

Key Takeaways:

2:56 Julia has about 30 listings for her 7 homes

7:09 Julia's portfolio prior to starting short-term rentals

9:53 The importance of the review system in the short-term rental market

12:58 Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes

16:59 Short-term rentals and problems with neighbors

21:23 Red flags (and green flags) for properties you're considering for short-term rentals

25:51 What team members do you need in order to self-manage?

31:24 Whether Julia has ever looked into using (or used) a property manager

34:41 How Julia streamlines her operations

38:21 A real life example of what kind of profits Julia makes on her properties

Website:

www.JuliaMSpencer.com

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Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
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Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com

Jason welcomes Jasper Ribbers of GetPaidForYourPad.com. They discuss investing in the short term rental space, building a ‘hospitality brand mindset’ regardless of what is happening in the market and how the industries or ‘ecosystems’ around it are affected. They also talk about how short term rentals are turning to be midterm rentals and how to find your customers outside of Airbnb.

Key Takeaways:

1:04 Welcome Jasper Ribbers of GetPaidForYourPad.com

1:24 An update on what’s happening in the short term rental world

2:31 When AirBnB allowed cancellations without penalty

3:26 A general life lesson and the time line for growth explosion

5:39 Living the nomad lifestyle and the adoption of remote working technology

9:03 The rising rates in today’s market and the “AirBnB bust”

11:50 Amazing supply growth globally and in a small town in California

13:49 Building a hospitality brand mindset, regardless of what’s happening in the market

16:38 Knock on effects on the market and related industries

18:57 What we can expect in the future of the short term rental industry

21:14 The best segment of the short term rental market

23:58 Potential shift in the market from short term to midterm rentals

26:05 Finding your customers outside Airbnb

Mentioned:

https://www.FurnishedFinder.com/

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/

Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron

Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com

What are some of the best practices landlords do to maximize their profits and enjoy more of life? Listen in as Jason welcomes Landlordgurus.com‘s Eli Secor to the show. Eli talks about the processes and practices that successful owners use in selecting, retaining, and managing tenants.  He’ll address topics such as the application process, documents and lease signing, maintenance requests, and handling of the move-out and deposit refund process and so much more.

Landlordguru’s commitment is to provide expert advice on the complex and important residential property management issues faced by landlords and property managers.  Landlordguru has over 30 years of combined  experience in residential property ownership and management. In addition to sharing their own expertise and experiences, they call on specialists in fields including maintenance, laws and rules, tenant management, and more.

Mentioned:

Avail.co Landlord software

Payrent.com Collect rent online

Hemlane.com Property Management software

Yelp

Thumbtack

TaskRabbit

Angi.com (formerly Angie’s List)

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/

Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron

Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com