364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!
On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!
You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.
Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!
In This Episode We Cover:
- Where she’s currently buying
- How she balances running a real estate team with investing
- How she created systems to help manage her portfolio of vacation rental properties
- The difference between self-management and using a management company
- How she manages negative reviews online
- Her advice for marketing your STR
- The apps she uses to automate the STR business
- How she buys her STRs with 10% down
- What expenses she factors into her numbers for STRs
- How she protects her investments from a possible recession
- How she diversifies her risk between long-term and short-term rentals
- How she uses her first properties when buying additional properties
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Real Estate Podcast
- The Grey (movie)
- Airbnb
- iGMS Vacation Rental App
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- Email Us for Pro Deals: podcast@biggerpockets.com
Check the full show notes here: http://biggerpockets.com/show364
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