364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 9 January 2020

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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: [email protected] Check the full show notes here: http://biggerpockets.com/show364 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 364.
0:05.0	There's gonna be some things that you like better than other things,
0:07.8	but there's no way you can make everyone happy all the time.
0:10.5	You can have the most beautiful property in the world and somebody is going to have a
0:14.5	complaint. So as long as you're not trying to please everybody all the time, your mental health's
0:18.9	going to be good and you're going to be making money.
0:21.0	You're listening to Big pockets radio simplifying real estate
0:24.9	for investors large and small. If you're here looking to learn about real estate
0:29.3	investing without all the height, you're in the right place.
0:33.0	Stay tuned and be sure to join the millions of others
0:36.0	who have benefited from BiggerPockets.com.
0:39.0	Your home for real estate investing online.
0:42.0	What's going on everyone? This is Brandon Turner, host of the BiggerPockets podcast here with my co-host David Green.
0:49.0	David, what's up man?
0:50.0	Not much, dude, it's a really good day. I got to see switchfoot in concert the other night. That was pretty cool. Fancy! I saw them in concert once years ago. Wow, just one more thing. We have in common. Wow, we're besties. This is great. Oh, man. Yeah, we also got a cool little
1:04.0	interruption today on the show which will be on the recording but of your
1:08.1	daughter Rosie with the reindeer she just bought. Well, pretty fun. Very nice to
1:11.5	see here again. Yeah, she's cute man and yeah she is she is a talker now which is a lot of fun
1:18.0	So anyway speaking of talking today we have a phenomenal interview with a really great communicator a woman
1:25.8	named Avery Carl Avery is a short-term rental specialist I did a lot of
1:30.7	vacation rental stuff but also some traditional rental stuff as well.
1:33.4	But she's got this phenomenal strategy where she's buying short-term rentals in vacation areas,
	...

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