576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo

Episode • Feb 27, 2022 • 1h 6m

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.

With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.

In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.

In This Episode We Cover:

Buying mixed-use properties so you can combine long and short-term rental advantages

Whether or not the short-term rental market is starting to see saturation

How to adjust cleaning fees to optimize your booking rate

Converting a long-term rental into a short-term rental (and the time it takes to do so)

What to do when you can’t find comps (comparable rents) in your area?

The pros and cons of real estate partnerships and what to do before you join forces

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Rent Estimator

BiggerPockets Forums