Cover art for podcast The Short Term Rental Profits Show

The Short Term Rental Profits Show

78 EpisodesProduced by Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management AssWebsite

Navigate the rapid rise of short term real estate investment properties with the SHORT TERM RENTAL PROFITS podcast. Airbnb and VRBO have created new opportunities for savvy income property investors to increase cash flow and maximize ROI.Listen to SHORT TERM RENTAL PROFITS and learn how to identify … read more

42:38

79: Managing Your Own Short Term Rentals with Julia Spencer

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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