Description
On this week's episode Luke covers the illusion of uniqueness when it comes to renting out homes. He highlights that managing rental properties is not a new or revolutionary concept, it's been around since the beginning of time. While platforms like Airbnb have popularized short term rentals, the fundamental principles of renting out properties remain unchanged. He also recommends getting a long term rental as a way to firmly grasp the basics of renting out a home.
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The Short Term Shop - https://theshorttermshop.com/
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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
- https://amzn.to/3Adg6PA
On this week's episode, Luke dives into a common concern among new property owners: what to do when your short term rental isn't making money. He emphasizes that the core issue boils down to the balance of income versus expenses. He discusses several reasons why a property might not be profitable...
Published 11/12/24
This week Luke is joined by short term shopper Jack Cronin who is based in NYC. Jack shared his journey into real estate, which began with his family's traditional approach to homeownership and evolved into a passion for investing in rental properties. Jack and his fiancée, both lifelong renters,...
Published 11/05/24