One of the best episodes on bigger pocket! Avery makes strong points in a very succinct manner! Does not bore you with over the top success stories and presents very good facts! David as always is great at asking pertinent questions!
David sir, that is one of the truest points ever - by not buying is a gamble too. It’s like that with any investment - sitting on the sidelines and waiting for the perfect time is a gamble and you miss out on opportunities and your money becomes worth less as time goes by.
First, awesome discussion. Absolutely worth watching several times and even taking notes. But I have to say, comparing someone in a Motley Crue t-shirt to Taylor Swift is just wrong. Lita Ford, maybe, but not Taylor.
👏 David Greene 👏 I Just rewatched episode 364 before watching this one and I must say I really see a significant improvement in the way you carry yourself and asks questions throughout the podcast. I don’t know what you are doing over there but keep it up man! 🥳 You really seem like you have it ALL together and have some true swagger going on!! Much love, Sean
I highly recommend the book! I couldn’t put it down and highlighted like crazy! Now I’m going back to re-read. I have my first STR going live in May-June, second in Sept, third in Nov.
So Avery Carl made the point several times that one of, if not the most important factor that will determine the success of a STR is how it is managed. Given its importance, I would like a deep dive into what that means. What does a greatly managed STR look like, and what a poorly managed one looks like. How can a first time STR investor set themselves up for success to get a STR properly managed.
I'm just starting out and this podcast from a couple of years ago is still very relevant. I'm trying to get out of analysis, paralysis. Thank you! You guys rock.
I REALLY enjoyed this interview! Lots of great information and a very knowledgeable guest! I’ll be buying the book. As a REALTOR in the Tampa Bay Area, continually educating myself is not only good for me as an investor, but also to be able to better serve my clients! Thank you!😊
I purchase my first STR from Avery’s team. My realtor Zeke Goodman is a rock star. He is extremely knowledgeable and has guided me through the whole process from purchase, decorating, installing Wi-Fi locks cameras etc. He is super nice and has a wealth of knowledge that he freely shares.
We actually had a bear break through the front door of our first Gatlinburg cabin! Luckily nobody was home at the time and we happened to be the ones staying there.
Great interview and information. We've been doing STR the last 4-5 years and learned some great tips. Great job, thanks for sharing your knowledge. Looking forward to reading your book.
Ive seen BiggerPockets Episodes where they say "You shouldn't spend any earnings you need to reinvest it into another property and when your 65 you can sit back and relax"... I dont want to wait until 65...im already 38. Is there not a way to take the rental income and live off of it, yet still grow and invest into more real estate? I mean i have to live in the meantime, Medicine, gas, car insurance, keeping wife happy, birthday gifts for people, xmas, etc.... ?
Whoaaaa...hahaha.....uhm. Some people have ridiculous standards and pay anything for a brand or an emotion. She said to furnish a STR will be about $10k or bedroom?? I reversed it and I don't think I'm hearing that wrong. Obviously, listeners should understand that is outrageous. But.... Great vid. Great info. Thanks!
From what I’ve gathered just find out what’s better tax wise and then if you’re concerned about getting better loan offers use personal because if you’re using a business account your business has to show enough profit for the bank to loan you. I learned that on this channel 👌
Thank you for keeping me motivated! Shalove Geter you need to here her story, Mother/Broker/Property Manager/ Owner/Beast on the pod this women is inspiring and I think it would be great to see things from a property manager's perspective too. Trust me she is remarkable!
Short term rentals of large multifamily units are part of why we are seeing housing shortages around the country. We are seeing that in my area where investors are buying apartment buildings, evicting tenants and converting the units to short term rentals. I appreciate that people should be able to make a living but it really isn't great for areas in the long term to allow these to continue growing with no regulation.
I personally don't recommend buying a multi and converting to STR. That is what we call a hotel lol. All my multis are LTR's. Giving people nice places to live.
If y'all haven't seen a documentary called... It's worse then you think... By revelations of Jesus Christ ministry... I suggest you do... All praise and glory to the most high Jesus Christ
I would have really like to hear Avery Carl MORE vs hearing David Greene interjecting so much zzzzz. Give it a rest David You plug yourself waaaaaayyyyy too much
One of the best episodes on bigger pocket! Avery makes strong points in a very succinct manner! Does not bore you with over the top success stories and presents very good facts! David as always is great at asking pertinent questions!
"Don't let the perfect, be the enemy to the good." 👀 love it!
I know right 💯
David sir, that is one of the truest points ever - by not buying is a gamble too. It’s like that with any investment - sitting on the sidelines and waiting for the perfect time is a gamble and you miss out on opportunities and your money becomes worth less as time goes by.
First, awesome discussion. Absolutely worth watching several times and even taking notes. But I have to say, comparing someone in a Motley Crue t-shirt to Taylor Swift is just wrong. Lita Ford, maybe, but not Taylor.
You aren't wrong!
Samantha Fox 😂
👏 David Greene 👏
I Just rewatched episode 364 before watching this one and I must say I really see a significant improvement in the way you carry yourself and asks questions throughout the podcast.
I don’t know what you are doing over there but keep it up man! 🥳 You really seem like you have it ALL together and have some true swagger going on!!
Much love,
Sean
I'm so glad that to come across this podcast. I recently got interested in short term rentals and want to learn as much as I can about them.
I highly recommend the book! I couldn’t put it down and highlighted like crazy! Now I’m going back to re-read. I have my first STR going live in May-June, second in Sept, third in Nov.
So Avery Carl made the point several times that one of, if not the most important factor that will determine the success of a STR is how it is managed. Given its importance, I would like a deep dive into what that means. What does a greatly managed STR look like, and what a poorly managed one looks like. How can a first time STR investor set themselves up for success to get a STR properly managed.
I've had air BNBs for years and I learned quite a bit. I love the tip about changing the listing and sometimes it's magically booked.
David is throwing his line at Avery 🙈. Crushing hard
I caught that too… pulling for David tho 😂 can’t blame him
he has more class than to hit on a married woman
I'm just starting out and this podcast from a couple of years ago is still very relevant. I'm trying to get out of analysis, paralysis. Thank you! You guys rock.
This session was awesome.. great interview David, good questions. Great content Avery. Thanks for sharing.
I REALLY enjoyed this interview! Lots of great information and a very knowledgeable guest! I’ll be buying the book. As a REALTOR in the Tampa Bay Area, continually educating myself is not only good for me as an investor, but also to be able to better serve my clients! Thank you!😊
If I get interested in STR in that area I will be sure to contact you!
I purchase my first STR from Avery’s team. My realtor Zeke Goodman is a rock star. He is extremely knowledgeable and has guided me through the whole process from purchase, decorating, installing Wi-Fi locks cameras etc. He is super nice and has a wealth of knowledge that he freely shares.
We actually had a bear break through the front door of our first Gatlinburg cabin! Luckily nobody was home at the time and we happened to be the ones staying there.
Airbnb vs monthly rent income...over time which is better to do? Are SFR better for Airbnb than multi units?
Another great podcast episode, thanks for sharing this one
Great great knowledge, you guys will be the reason I follow my dream of investing
Just bought my first short term property in the Dominican Republic. Looking to be on this podcast one day when i amass over 20.
22:53……David Greene blushes
Love seeing women on your show!!
Great interview and information. We've been doing STR the last 4-5 years and learned some great tips. Great job, thanks for sharing your knowledge. Looking forward to reading your book.
Ive seen BiggerPockets Episodes where they say "You shouldn't spend any earnings you need to reinvest it into another property and when your 65 you can sit back and relax"...
I dont want to wait until 65...im already 38. Is there not a way to take the rental income and live off of it, yet still grow and invest into more real estate? I mean i have to live in the meantime, Medicine, gas, car insurance, keeping wife happy, birthday gifts for people, xmas, etc.... ?
Whoaaaa...hahaha.....uhm. Some people have ridiculous standards and pay anything for a brand or an emotion. She said to furnish a STR will be about $10k or bedroom?? I reversed it and I don't think I'm hearing that wrong. Obviously, listeners should understand that is outrageous.
But.... Great vid. Great info. Thanks!
Where did you get funding?
I’m closing on my first short term vacation rental this week. So pumped. Thank you Avery and BP for the inspiration!!!
Congratulations
What were the first steps you took before taking action on closing on a property?
Should I buy short term rentals with an LLC or personally?
Key question is the "I" everyone is different. A good CPA should tell you what's best. Some yes, some no.
From what I’ve gathered just find out what’s better tax wise and then if you’re concerned about getting better loan offers use personal because if you’re using a business account your business has to show enough profit for the bank to loan you. I learned that on this channel 👌
Brandon did a video on this topic
Always with a business entity. NEVER ever own property or do business under your personal name. Ever!
@@Foxie770 clearly have no idea what you’re talking about…
Definitely getting her book and I'm sure I'll be working with her team in the next few months.
Is David crashing 😳 on his AB&B Guest?? 🤣
Awesome podcast! Yes a very strong educated guest! A must listen!
Great book,amazing information and thank you both 😎
Great job! I enjoyed listening to your podcasts!
Thank you for keeping me motivated! Shalove Geter you need to here her story, Mother/Broker/Property Manager/ Owner/Beast on the pod this women is inspiring and I think it would be great to see things from a property manager's perspective too. Trust me she is remarkable!
buying this 📖 book!!! does she offer coaching or workshops
Great advice to treat AirBnB like tenants!
I'm Seeing Greene!
Damn David you crushing hard on a married women…
Does Avery or her team offer any consulting?
Great podcast! I’d love to be on it one day 🙌🏼
What are some examples of metro markets that are actually amenable to STR's?
When is the book getting released?
Love it!!!
Just preordered a copy!
Good advice! Thanks!
Great episode.
What would be your advice on a bed and breakfast!
4 star review. Overcharged me for cleaning.
22:52 he said she looked like taylor swift...that was a direct hit on her moment
at @22:51 He started flirting and realized it halfway in. Gotta give him credit for sticking to it, even though he turned red as a beet.
What is a “short term” rental?
Most places define it as rentals lasting under 30 days (excluding hotels)
Short term rentals of large multifamily units are part of why we are seeing housing shortages around the country. We are seeing that in my area where investors are buying apartment buildings, evicting tenants and converting the units to short term rentals. I appreciate that people should be able to make a living but it really isn't great for areas in the long term to allow these to continue growing with no regulation.
I personally don't recommend buying a multi and converting to STR. That is what we call a hotel lol. All my multis are LTR's. Giving people nice places to live.
What is a short term rental?
LET’S GO BRANDON!!!
Is it possible to self manage a short term rental from another state?
Great question
I have a client that does. She only has one and was able to quit her full time job because the cash flow was so good.
Let’s go Team!!!
Spring Texas asset based lending, any good ones in our area?
What's the name of the book?
She’s amazing!!! 😍
i
Is short rentals the same as Air BnBs property. I’m new to bigger pockets, so I know my question seems lack of knowledge.
Yes
Anyone here in Houston that wants to further their education and need a buddy? New to the area
Loved this! Amazing value! Thanks Dave and Avery
We're already here and have to hear sooooo much garble marketing about bigger pockets
22:55 yikes lmao
Heartbroken to hear you were in Sacramento yesterday! Would’ve loved to call in sick and play hookey for the bigger pockets!
Gooooood 🤔
And here I’m paying tens of thousands of dollars in rent
My buddy pays tens of thousands in rent but he lets it out to AirBnb and makes 10 times what he pays in rent
@@indianchristian1 where at
@@guyw99 here in Dallas
@@guyw99 if you come to an agreement with the property owner about subletting and will work hard you can also make many times the rent amount you pay.
Let's go Brandon!!!
Lol aint nobody spending $10,000 per bedroom
If y'all haven't seen a documentary called... It's worse then you think... By revelations of Jesus Christ ministry... I suggest you do... All praise and glory to the most high Jesus Christ
I would have really like to hear Avery Carl MORE vs hearing David Greene interjecting so much zzzzz. Give it a rest David You plug yourself waaaaaayyyyy too much
I don't understand this comment ...I think David is a very thoughtful and insightful interviewer. I never pick up on any self promotion.
What’s a short term rental?